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[AudraMiller]

The Cardano coin recently has seen a lot of fluctuations in its price and this can be considered a good thing for trading however not for those that are hoping to have short term or long term investments. Over the last 24 hours the coin has dropped by just over 10% in its value, dropping to a price of $1.01. This also resulted in a decrease in the market cap of the coin to 32 billion dollars from 1 billion dollars which is quite a considerable drop. What are your thoughts on this?

 

[Niftyicon]

We can expect to see fluctuations and Cardano is no exception. A decline in price just gives room for investors to acquire more for the next rise.

 

[Wisdom01]

Well i think the price would definitely recover and there was a time it dropped from $0.80 to $0.60 and it recovered again ,so just be patient

 

[BullyMaguire]

Cryptocurrency is unpredictable.. it's normal to drop and recover after a few days.. nothing to worry about this.. even Bitcoin has scared a lot of people before

 

[AudraMiller]

Well i think the price would definitely recover and there was a time it dropped from $0.80 to $0.60 and it recovered again ,so just be patient

These drops and recoveries are a very good thing for those that are willing to take the risk and buy the coin at its current prices right now. When there is a recovery they will definitely benefit nicely with their profits.

 

[Wisdom01]

These drops and recoveries are a very good thing for those that are willing to take the risk and buy the coin at its current prices right now. When there is a recovery they will definitely benefit nicely with their profits.

You are right to a very large extent because those recoveries are creating way for those dip buyers to buy now and quickly make profit

 

[AudraMiller]

You are right to a very large extent because those recoveries are creating way for those dip buyers to buy now and quickly make profit

The only concern however is that with coins such as cardano where the coin is low in its value overall, you would have to make quite a substantial investment in order to truly realize good profits, otherwise a small investment paired with a small rise for recovery will not yield much profits and may not even be able to outweigh the transaction cost for the trade.

 

[Wisdom01]

The only concern however is that with coins such as cardano where the coin is low in its value overall, you would have to make quite a substantial investment in order to truly realize good profits, otherwise a small investment paired with a small rise for recovery will not yield much profits and may not even be able to outweigh the transaction cost for the trade.

Yeah i understand what you meant , but its still cheaper if you invest at least $10 in the coin , you could still gain some small cash i think

 

[AudraMiller]

Yeah i understand what you meant , but its still cheaper if you invest at least $10 in the coin , you could still gain some small cash i think

I will try and give that a shot. Perhaps it will work with a ten dollar investment and i will see if there is anything that i can gain from such an investment :) After all, you can't win if you never risk anything and that is what trading is all about.

 

[Wisdom01]

I will try and give that a shot. Perhaps it will work with a ten dollar investment and i will see if there is anything that i can gain from such an investment :) After all, you can't win if you never risk anything and that is what trading is all about.

Yeah this is true and if someone really wants to make a lot of money online , he or she just have to risk his investment and see the turn out

 

[Kunkun]

Well where there was a dip there can be a rise again, that's the essence of the volatility of coins. Cardano could still rise back as it is a coin with potential

 

[Wisdom01]

Well where there was a dip there can be a rise again, that's the essence of the volatility of coins. Cardano could still rise back as it is a coin with potential

Yeah true s lot if coin apart of cardano also fall and rise back quickly , so yoh are right about that ,with the volatility changing i think

 

[Kunkun]

Not just cardano, even Bitcoin has gone down back after passing the 60k mark, so maybe it's just not cardano but there are chances of a rise up back

 

[Wisdom01]

Not just cardano, even Bitcoin has gone down back after passing the 60k mark, so maybe it's just not cardano but there are chances of a rise up back

Its definitely going to increase and thats how bitcoin works i think , but i guess its on a bullish run there is possibility of it rising forward i think

 

[Kunkun]

Its definitely going to increase and thats how bitcoin works i think , but i guess its on a bullish run there is possibility of it rising forward i think

Fingers crossed then, maybe with time then there would be an increase among the coins so let's see how it goes, its still a long year

 

[Wisdom01]

Fingers crossed then, maybe with time then there would be an increase among the coins so let's see how it goes, its still a long year

There are still high hopes i think only that we all want it to get to $100000k real fast i think ,when there are few months left in this year

 

[Kunkun]

There are still high hopes i think only that we all want it to get to $100000k real fast i think ,when there are few months left in this year

Exactly they are still high hopes for this year and if all those Bitcoin price predictions are correct then a lot will still happen concerning crypto

 

[Wisdom01]

Exactly they are still high hopes for this year and if all those Bitcoin price predictions are correct then a lot will still happen concerning crypto

Yeah even if not all but some would Actually motivate investors to invest in bitcoin for more rise and increase in price i think