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Cardano (ADA): Consider this advice and you probably won’t go wrong

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With everything going on in the cryptocurrency world, it is still fair to say, always, even if in the worst times there are still the best and the worst ones (the coins) when ranked. Cardano (ADA) is one of the cryptocurrencies and as the cryptocurrency reversal continued it has stood out to be one of the worst performers together with NEO.

The recent ranking by CoinMarketCap shows Cardano at -4.27% vs the US dollar. That is not bad as it is ahead of NEO (best in the worst ranking list). When looking at the overall picture, however, for ADA it is not something to scratch the head about although it affects its short-term standing.

When looking at the past two days, Cardano was doing well (recorded a +19 price jump) but today’s reversal has just overshadowed everything. Generally, all the coins are dropping and whenever you see Bitcoin dropping, it simply sweeps across the altcoins. However, we can argue that for Cardano it could be due to the news in the home region.

First, the financial struggle going on with the JFSA could have caused panic among the investors and secondly, the AML regulations issue in South Korea as well might have had negative implications for the investor spirits.

Ideally, the performance of Cardano is weighing down especially after that in the past two days. You will be excused if you asked politely what exactly is happening to ADA.

But if you think all is in flames, here is a great advice

Ethereum co-founder, who as well co-founded IOHK Cardano, Charles Hoskinson, has got some advice about cryptocurrency investing and maybe it is the kind of advice you need at the moment as the prices sink into the red.

Speaking to BlockchainNewsKorea, Hoskinson had a message to all viewers and according to him whenever there is great new technology emerging the feeling is of doing something right away. Hoskinson also believes that the current happenings have nothing to prevent investors getting into cryptocurrency.

In fact, he doesn’t see a specific time to get into cryptocurrency, the reason being he sees plenty of opportunities being always there, either today, tomorrow, two or three years from now. To mean if you fail to make it now, still, you can do it big with the cryptocurrency later (the earlier the better as in any case, though).

Now, Charles sums it with some internet analogy that “you can’t have it all whenever you need it.”

He says the internet is old enough but still can start a business now and become a billionaire. Therefore, it is not true that if you didn’t start when it started you won’t have the next Amazon.

This takes us back to our start that for now, Cardano (ADA) is doing worse but then comes Hoskinson’s advice (which you can’t go wrong with). So do you see Cardano ranking just above or say just below bitcoin in some years to come?

Only time will tell, after all, it is a worthy piece of advice, isn’t it?

We will be updating our subscribers as soon as we know more. For the latest on ADA, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Jeremy Lelievre via Flickr

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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