Hello everyone,
Please, this post is only for Cardano bearish people. Of you're bullish (like me) do not post here please. You will understand why in a second.
It's been about 6 months I am studying crypto, and I found Cardano to be the perfect investment right now.
1-Because a lot of people talk trash about it (scam, etc) so that drives the price a little bit down which is good
2-No working product yet but a lot of work is to be done with very competent people, so when the product comes out it's true value will come.
3-Everything else...
I find it so perfect as far as a risky investment is concerned that the words of Benjamin Graham start resonating in my head saying "Excitement in Wall Street leads to disaster". But still, I really like this project, and I am truly scared about missing something over there.
For the record, I only invested once in my life 3 years ago with gold that turned out to be pretty good for me.
If you have been holding for long time, I advice you still hold. What has been behind the recent developments on the value has to do with the Shelley mainnet release which should be around 29 July.
This is crypto and nothing is guaranteed even if guaranteed, it's not regulated. The market might not necessarily favor you like Gold you mentioned.
However, my fear is that, dump will certainly come at a point when the Testnet testers get paid around August. They will definitely want to sell if not half bag with the recent price pump.
Again, dnt forget that every other projects depend on BTC Movement.