Cardano Dan's Newsletter - Issue #152
Freedom Is
Quote of the Day
“Freedom is the right to tell people what they do not want to hear.”
― George Orwell
This is a good description of freedom. But I would go beyond this description to say, freedom includes the right to do a job, earn an income, go to the store, and enjoy some entertainment even if you don’t want to be vaccinated.
Millions of people are faced with the real prospect of losing their jobs if they don’t get vaccinated and prove it with their vaccination card.
It would make a little more sense if vaccinations were permanent, prevented sickness and transmission of disease and didn’t include health risks. But, none of these things are true.
So I guess you can say, I’ve been thinking a lot about freedom recently and I think it goes beyond just the right to say something people don’t want to hear.
In The News
Many people are working on fixing the shortcomings of cryptocurrency regulation that was embedded in the Infrastructure Bill. This great thread will get you up to speed.
Everyone and their brother is talking about the “Metaverse.” Pavia has seen a lot of interest in this regard on Cardano and I’m watching it quite closely.
I tried buying Sandbox virtual land over a year ago and it was such a bad experience I walked away from the project. That was when $SAND was between $.03 & $.05. Today it reached $4.65. Sigh. It’s another good example to me of how a project can recover after some challenges.
Cardano Updates
Lots of people are upset about price action lately. Charles dropped some perspective about why people should be a little more calm.
I read a bold statement yesterday about the next 3 months on Cardano.
Technical Analysis / Price Discussion
More pain for crypto investors, including holders of Cardano ADA. But, let’s look at the bright side - ever since the beginning of the bull market, the 200D EMA has been a great place to buy Cardano ADA.
I don’t expect this time to be any different. In general, the Warren Buffett advice to buy when others are panicking has worked very well for me. Charles made a video about calm because people are panicking. The darkest hour is just before the dawn.
I could keep going, but the point is, I’m still quite confident the turning point ADA to move higher is quite near.
This newsletter is for entertainment and educational purposes. I’m not a financial advisor and you should do your own research and consult a financial advisor before investing in cryptocurrencies.
Thank you for writing what you did about freedom. I am in jeopardy of losing my job due to my belief about freedom. Thank you for being honest and sharing your view, it’s encouraging!
So being newer, my thoughts have pondered latterly on these questions. When the “bear” market actually comes and we clearly see the bull run over, what price point do you think that will look like? IMO I’m not sure it will ever go back to what it was before to say a year ago or possibly 9mo. Could things continuously become less and less volatile with mainstream adoption and this whole market keep growing into a beast? And could we ever see centralized banks try to gain adoption for the staking mechanisms to keep/hold customers since crypto return rates are traditionally better then when they can offer??? I sure do love these newsletters Dan! Your of great value to this community!