I've historically never owned ADA, loathed its community on social media, and I don't buy anything unless there's some something to actually use.
Used Sundaeswap... Nice.
In addition to the growing dismissal and negative sentiment of r/cc in regards to Cardano after shilling it obscenely. I'm convinced the weak hands are out and I have made my first purchase.
Always counter trade the sentiment of this subreddit. That's my rule. I recently graduated school in the summer and started crypto in March 2021. I am heavily in the green, paid off all my student loans, and I can objectively say its largely because of this rule. Please please please actually DYOR, and don't assume someone here who told you to actually did theirs.
Look at Tokenomics, and ask why is this token needed. What will make the value of this token go up in the long run? Is this token inflationary, do the rewards for holding make up for the inflation? These are the type of questions you should be asking.
This subreddit was shilling vechain quite hard in the past. Made an entry without doing any of those things. Finally figured it out, luckily exited in profit. It is now less than it was when I entered, almost 25% less. If Algo reminds you of this, it should. Actually research the tokenomics, look at the price action, and the vesting schedule.
Stay safe everyone. Stack blue chips projects while you still can (btc, eth, Link, etc.). Focus on adoption that's how you will win. Don't capitulate and sell on your own terms.
Update: I read several times that I think I'm a genius even though re-reading this I don't see it. If it's there, I fully retract my statements.
Also finishing school, doesn't make me naive or young & dumb. Med school is difficult. Come by my hospital, I'll still try and save you despite any negative comments you made.
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