What is cardano? Is it a good investment?
I cannot say if you’re late to the Cardano party (my opinion is that you are not, since the platform isn’t even complete yet). I also cannot say if you should invest in Cardano vs. any other platform (and have no opinion one way or the other). What I can say is this:
Cryptocurrencies are an ongoing technology and socioeconomic experiment. As a result, the blockchain space is booming with new opportunities like being able to invest on Platform like CryptoFXnetwork Cryptocurrency Investment Platform (www.cryptoFXnetwork,com) where you get return on your invested cryptocurrency after 10days. With an approximate market cap of $280 million, rest assured that this industry is here to stay. This new industry is constantly evolving, therefore the earlier you get acquainted with it, the higher your chance are of benefiting from its future development.
Note: this article is a personal opinion. Before making any investment decisions, you should always consult with a professional.
Don’t think about how many tokens your money will buy you; Instead, try to invest in the platform(s) you reasonably believe will perform the best within the time-frame you’re most interested in.
I mean, people typically don’t buy stock based on how many shares they can get (unless they’re looking to takeover a company, I guess?) — they usually just invest whatever dollar-amounts they can into the companies they think will make them the best return on their investment. Or, they hedge their bets by investing in things like index funds, etc (which, again, is an investment vehicle that isn’t about owning a certain number of shares of X or Y company, but is instead about making the best return on your investment possible…)
Although, there’s also staking to consider (which I guess could be viewed like dividend stocks?)… So, if any of the platforms you’re invested in offer any kind of staking rewards system (Cardano will pretty soon, hopefully), then I guess it might matter how many coins you can get for your money (since regularly increasing the number of tokens you’re staking will increase your staking rewards over time… assuming you care about maximizing your staking rewards on a given platform versus, say, hedging your bets by investing in a few different platforms, etc)
In the end, all I’m trying to say is that cryptocurrency investments are a lot more like traditional investments than most people seem to realize (albeit much more volatile and risky, less regulated, etc)… And so you may want to go and see what (decades of) advice there is out there for traditional investment plans, and try applying that to crypto…Leave a comment