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In response to
"I'm interested. The issue I have with it in general is scale. Yes. Ripple did it's thing. But take Cardano for example. It sits at 0.67"
by
oblique, SuperFeud Champion and Tenth Astronaut
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Your criticism of Ripple amused me last month...
Posted by
David (aka David)
Dec 30 '17, 22:57
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because your logic is sound. You're looking at it in terms of real world value. I was looking at it as a widget, a simple item available for sale whose value was underrated based on demand.
As for scale, this is what I was referencing with Bitcoin. If a person buys Bitcoin at $14k and it goes up to $20k, that's $6k in profit on a $14k investment. For the real markets, that's solid. In cryptocurrency, much better options are available. Most of the coins I'd prioritize cost less than a dollar each. The key is to pick the right ones before they explode.
Using Cardano as an example, it was less than 5 cents on November 27th. It's 68 cents as I type this, a growth of 13.6 in 33 days. And that's the trick here.
The goal is to turn $100 into $1,300 and then $1,300 into $13,000. We'd have to hit twice for that to happen. There seem to be enough growth opportunities for that, but who knows? They could dry up almost overnight.
I'm actually tracking an interesting reddit poster right now. He's listing his weekly performance. He's disappointed in his results but has gone from $270 to $1,100 in 25 days. I'm going to say this again. He's disappointed because he knows he could have done much better.
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