I've seen many bear markets. I'm not worried. When it kicks up people will regret selling now. I'm keeping all my coins and will buy as soon as I have spare funds
The problem I see is that unlike previous bear markets, the share of crypto in the hands of institutional investors in huge. And they play every asset with the same rules, causing massive sell-off's and pumps with very little faith in the ecosystem. It's more uncertain this time in my opinion.
Basically the risk in DJED is SHEN. Not ADA or DJED. Buying SHEN you assume risk of something like LUNA/UST happening, but more secure in a way. Your SHEN you purchase gets you rewards as DJED is used, but if the reserves to keep DJED pegged to a dollar is decreasing SHEN increases DJED value. And if that happens too much you can't sell SHEN. So in other words SHEN holders lose here but only up to a point. Looking into it this is far more secure than LUNA UST situation. You need basically to decide, do you want stable coins DJED, or do you want SHEN and assume risk but get rewarded passively for investing in SHEN? That's how it works. ADA is untouched here and DJED being pegged is priority as SHEN required is around 400% more. Which means initially there will not be much DJED existing but it's for certain to be covered. Safety over crazy as I always say.
someone with enough funds could game the system couldn't they? Accumulate enough to drive shen before the 400-800%? Went don't they just keep a mix of crypto and fiat as a reserve?
you cant sell the SHEN until the ratio comes back down, but you are still earning that same yield. so although you may not be able to cash out immediatly, when you can cashout you will be in profit.
Really informative vid!!! Exciting times ahead for ADA regardless the terrible current price action. In it for the long run! And wished to buy at these prices can see it going down more so slowly DCAING!
Love you admitting you were wrong. You should always share you have a bias by running a pool on ada also, but overall really appreciate what you do. Nice report explaining the risk in Luna too. And still think ADA is suspect ;)
piece of advise, don't launch before the bear market is over, cause it be easy for an attack as it happen to LUNA, cause 400%-800% may seem like enough back up, in a bear market is easier to pull it down. I say it because i am invested in ADA and COTI, and like the proyect, but it was proved that a decentraliced sable coin is subject to attacks
ADA is one of few projects that I'm confident in. It's down that's true but it always go up again though a bit. I keep holding it on bfx and waiting for a pump
Excellent video Thank you. Could you make a video comparing the risks holding different stablecoins like USDT, USDC.. yes these are centralized but are they more reliable for holding the USD peg?
The main reason utsbhsrd to learn is because most of the people who are talking about it don't actually get it themselves they know enough buzzwords to make a living with crypto RUclips channels though.
Good video and stand up move correcting yourself. $UST is still on discount hours after this vid posted ... but I have all the exposure I can handle at the moment lol.
So, will the shen holders be obligated to hold their coins for extensive periods to eliminate price fluctuations of shen where accredited investors might retract their shen investments, causing shen to fall below the collateral rate of 400-800 procent?
The reason i wouldnt touch ADA right now is because i know how low the price can go. Some of these coins came from the depths, I was there picking up a 0.05 cent ada. Sometimes if you know the journey somethings been on your better informed
@@Pinkpanther100x Another problem is being part of a project like your married to it. As your eluding to. Too much of it in the retail crowd. Completely the wrong way to invest in assets.
I am confident in it. ADA is safe from it and it's more thought out. All these other coins have incentives to buy while ADAs system is made to just function and work. I want my blockchain to work, not break.
This protocol is not immune maybe better than luna but I’d like someone with strong mathematical skills to work out situations if there is an attack on Djed or Shen.I sense they will let it grow and do a coordinated attack. But I could be wrong. They want a dollar peg to be standard and I sense lots of forces will be out there to look for vulnerabilities. Remember,if this protocol fails it will have an impact on Ada regardless of a peg or not and to suggest otherwise is as good as saying if it is successful, the success of protocol won’t lift Ada and that’s a stretch. Great projects are a must for an ecosystem to grow and bad projects are recipe for stagnation.
Hmm💪..I like luzion protocol which can be gotten from pancake cause the entire smart contract was done by scratch, not a copy and paste style. Nizar, full stack developer lead and his team, when through hundreds of hours to ensure every part of the smart contract logic wise were perfected🤗
If ADA is used to buy both what makes it more stable and much different than the terra echosystem? I mean you can't just say that there are less djed from this point on because ada has fallen. if the djed is already in circulation. and if you back it by raising the amount of shen then wouldn't that just inflate it and push down the price further. In a similar fashion death spiral like terra ust? Also these I think could work if they wouldn't get attacked like ust. and if they can fix that then that shows you can trust them imo
Basically ADA simply is used to buy SHEN and DJED or be sold back into ADA. All of the risk is on SHEN holders, not ADA or DJED. But if you buy SHEN you get rewarded taking the risk of possibly not being able to sell SHEN because there is less than 400% collateral to back DJED and even then DJED can't be overly minted if there is not enough SHEN. All of the risk is in SHEN. The disadvantage is slow startup because you need at least 400% of SHEN value before you can minted DJED. But later that won't matter. Far better thought out than LUNA UST. It will need time though to gain enough SHEN to provide DJED. That's needed though make a secure stable coin and not another crisis like LUNA UST.
It's just great because it won't allow this LUNA UST think to happen again needing at least 400% and if someone did have that much money the program wouldn't allow the selling or buying as that's against the code.
You can't pull out if the reserves aren't enough, like if reserves get below 400%. That's why DJED is very safe. The risk is in SHEN, but SHEN holders get rewarded for risk of not being able to sell if the reserves are needed. Far better thought out.
@@FesteringRatSub ADA would would locked when minting DJED so the supply shock would increase demand and reduce supply of ADA. In theory the price would increase So if other markets adapt Djed from Cardano network then everyone buying Djed on any exchange or platform will be increasing demand for ADA.
Scammers are in the comments!! I will NEVER EVER contact you!!
MoneyZG Crypto Course: moneyzg.academy
OFFICIAL DISCORD: discord.gg/f7UNeqCZHn
"I was wrong" yet people lose thousands of dollars. Might as well just keep your mouth shut...
There's also a very important component you haven't touched, there are rules not only to mint Djed, but to take out Shen
where can we get shen?
It’s insane! RUclips needs to clean these streets…. Completely full of trash.
I've seen many bear markets. I'm not worried. When it kicks up people will regret selling now. I'm keeping all my coins and will buy as soon as I have spare funds
Very wise I think. ;)
Just keep stacking. 10 yrs from now it won't matter if its 3 bucks, or 3 cents today.
The problem I see is that unlike previous bear markets, the share of crypto in the hands of institutional investors in huge. And they play every asset with the same rules, causing massive sell-off's and pumps with very little faith in the ecosystem. It's more uncertain this time in my opinion.
PMA!
Lol am I wrong for buying like crazy
Basically the risk in DJED is SHEN. Not ADA or DJED. Buying SHEN you assume risk of something like LUNA/UST happening, but more secure in a way. Your SHEN you purchase gets you rewards as DJED is used, but if the reserves to keep DJED pegged to a dollar is decreasing SHEN increases DJED value. And if that happens too much you can't sell SHEN. So in other words SHEN holders lose here but only up to a point. Looking into it this is far more secure than LUNA UST situation. You need basically to decide, do you want stable coins DJED, or do you want SHEN and assume risk but get rewarded passively for investing in SHEN? That's how it works. ADA is untouched here and DJED being pegged is priority as SHEN required is around 400% more. Which means initially there will not be much DJED existing but it's for certain to be covered. Safety over crazy as I always say.
someone with enough funds could game the system couldn't they? Accumulate enough to drive shen before the 400-800%? Went don't they just keep a mix of crypto and fiat as a reserve?
you cant sell the SHEN until the ratio comes back down, but you are still earning that same yield. so although you may not be able to cash out immediatly, when you can cashout you will be in profit.
I’m buying ADA, and others, all the way down.
I've been wondering about djed for a while. This was the single best and most informative video, thank you.
Nows the time to buy folks don't be fooled cardano is the vibe
u are correct brother. people hating on ada bc we are ahead of the game ...
CARDANO doesn't take shortcuts! Slowly but surely! Go ADA!!!!
Really informative vid!!! Exciting times ahead for ADA regardless the terrible current price action. In it for the long run! And wished to buy at these prices can see it going down more so slowly DCAING!
Great content man and good comparison
First time I see your channel. This was very informative and well explained. Feeling much better about DJED's and Cardano future atm.
Love you admitting you were wrong. You should always share you have a bias by running a pool on ada also, but overall really appreciate what you do. Nice report explaining the risk in Luna too. And still think ADA is suspect ;)
suspect? what do u mean, i couldn't understand this
What's suspect about ADA?
I'm still a little confused but this was an excellent explanation and presentation. Thank you so much
piece of advise, don't launch before the bear market is over, cause it be easy for an attack as it happen to LUNA, cause 400%-800% may seem like enough back up, in a bear market is easier to pull it down. I say it because i am invested in ADA and COTI, and like the proyect, but it was proved that a decentraliced sable coin is subject to attacks
@@gonzalomartinezpizarro9575 in fact i hope it launch now so can test how solid DJED is, you know it gonna face the bear sooner or later right?
ADA is one of few projects that I'm confident in. It's down that's true but it always go up again though a bit. I keep holding it on bfx and waiting for a pump
Will ada be used to buy the initial SHEN?
yes
Cardano and Coti will be powerhouses this year.
ADA is such an amazing project. It is ready to explode very soon. Very very undervalued
It wil not, the market is not ready for any explosion any time soon. they Project is great i own a lot of DA but nothing will explode any time soon.
Okay, so in any case, $ADA will pumping.
Just waking up people here
Good video, very well explained. Fingers crossed it will do good things for ADA price in future
This is why I love you’re videos you’re soo legit and your honesty in trust
Thank you for the great explanation and correcting your previous error. Just gained more knowledge about the cardano ecosystem
It's not like I regret usd spent on ada .. it's just I wonder how much time will it take to go back to 1$
Cardano developments are on point and will only serve to pump Ada price once all this market fear and volatility clears up! Hodl
if you had to choose between solana or cardano where would you go for more units or for percentage so to speak
Being Honest, I Respect That. ✊
I love my ADA! 🏆
Excellent video Thank you.
Could you make a video comparing the risks holding different stablecoins like USDT, USDC.. yes these are centralized but are they more reliable for holding the USD peg?
You may want to update what you said about luna!
Very informative. Thank you
Great explanation! ADA is going to be in short supply.
Well done! Much better mechanism. How crazy what happened just 72 hrs after this video came out.
Very nice description. Really appreciate you explaining this in such perfect detail.
Damn I need a PHD to figure this out this is just to many steps to work.
I am a PhD., and struggling to figure out crypto. It's like learning a completely new language. Like any other learning process, it's cumulative. 😊
The main reason utsbhsrd to learn is because most of the people who are talking about it don't actually get it themselves they know enough buzzwords to make a living with crypto RUclips channels though.
Can this fail like Luna/UST did?
Really scared with the current drop but holding on due to long term vision .
Its fine everything is down, best times to accumulate more, not sell
@@skylesai you have a lot of faith that it will return to previous highs lolol
@@Raindrops4891 It would be too ignorant to think it wouldn't go back up. crypto is being adopted everywhere
@@skylesai oh okay... so why isnt it going up right now if its being adopted everywhere?
@@Raindrops4891 because I bought it. That's the only reason why.
So, $SHEN is like $MKR And $DJED is $DAI in Ethereum ecosystem respectively?
isn't shen just Luna with extra steps though? if how would an ada crash not affect djed if shen is backed with ada and djed is backed by shen?
I was hoping the Singularity merge would be a big asset for cardano...not yet it seems.
Cardano is the protocol. Ada is the token.
What's your current view on JED after all the recent events?
What came first the horse ? Who’s on First? I can’t understand sorry
Good video and stand up move correcting yourself. $UST is still on discount hours after this vid posted ... but I have all the exposure I can handle at the moment lol.
How would DJED affect AFROSTAR in the coming years ????
ADA price is based on its market cap... if the market cap small the price won't rise. And there are so many competitive coin out there.
So, will the shen holders be obligated to hold their coins for extensive periods to eliminate price fluctuations of shen where accredited investors might retract their shen investments, causing shen to fall below the collateral rate of 400-800 procent?
@alfons vanbesien Exactly what i was asking myself...
and coti?
You are brilliant, man. Please keep up your good work.
I think I will spend some usdt on ada
Will there be something like anchor for DJED as well? Or can we only earn on the Shen Token?
look at a protocol coming to cardano called liquid. thats supposed to be a collateral based one
Excellent explanation 👏🏼i learned the real decentralized stable $ here 😊
Ofc USDT and USDC can loose its peg...
Will COTI manage any SHEN reserve?
How is the Shen fee generated to reward investors?
The reason i wouldnt touch ADA right now is because i know how low the price can go. Some of these coins came from the depths, I was there picking up a 0.05 cent ada. Sometimes if you know the journey somethings been on your better informed
I disagree ethereum cult member
@@Pinkpanther100x Another problem is being part of a project like your married to it. As your eluding to. Too much of it in the retail crowd. Completely the wrong way to invest in assets.
My first crypto ever was 1k of ADA @ .03.....sold a bunch to pay off my house at over $2.30.....now rebuilding my stack 🤑
great video thank you!
ADA is such a great project and the following is huge.
A channel actually worth a sub
This cardano stable coin is pure genius 👌
Big difference between UST and DJED is you can actually look at the research behind DJED.
UST is failing, even. Even more since this video was made. DJED will be much better
I am confident in it. ADA is safe from it and it's more thought out. All these other coins have incentives to buy while ADAs system is made to just function and work. I want my blockchain to work, not break.
Excellent explanation! I had to watch it twice to really grasp it all but I appreciate your efforts
Maybe I missed something… I thought you said the fees go to Shen?? In your notes it says it goes to COTI?
What about charli3 Why chain link
Thank you very much James for the video, excellent! I'm going to watch it again to fully understand this process 😆 BIG LIKE brotha!
This protocol is not immune maybe better than luna but I’d like someone with strong mathematical skills to work out situations if there is an attack on Djed or Shen.I sense they will let it grow and do a coordinated attack. But I could be wrong. They want a dollar peg to be standard and I sense lots of forces will be out there to look for vulnerabilities. Remember,if this protocol fails it will have an impact on Ada regardless of a peg or not and to suggest otherwise is as good as saying if it is successful, the success of protocol won’t lift Ada and that’s a stretch. Great projects are a must for an ecosystem to grow and bad projects are recipe for stagnation.
Hmm💪..I like luzion protocol which can be gotten from pancake cause the entire smart contract was done by scratch, not a copy and paste style. Nizar, full stack developer lead and his team, when through hundreds of hours to ensure every part of the smart contract logic wise were perfected🤗
I'm still buying ada/usdt and I think cardano will be fine.
Great content.
Great video Man. 🍻
If i've got ADA but none of these spin off coins.. will i lose out?
If a proper supply shock kicks in, then the price of ADA would naturally increase which would make your ADAs obviously more valuable too.
Literally buy this dip! ADA so undervalued and buy some ETH!
I think you didn’t cover enough the role of COTI, the issuer of DJED. supply shock will in my understanding not happen for Ada but for COTI.
for BOTH
@@amineelamraoui3046 why? I think to pay DJED transaction fees, COTI will be bought-back for on the open market. Why Ada?
Very informational
This is the way.
What's the whole point of crypto if its pegged to the Dollar this shows that the banking system is creating crypto
>terra held up very well
Excellent content, thank you!
This is essentially how SigUSD works on the ERGO blockchain isn’t it?
great content cheers
I don't think so .
I love every single video you put out, great info.
Good Vid Dude
Good work James 👏
What does Djed have to do with cardano then
its made on Cardano :D ...
Considering that it is Black Friday in the crypto market, it is important not to invest usdt in various shitcoins. Only bitcoin
what about Dana coin ?
boy this didnt age well ha luna fed up they should of dca their btc position i liked the idea this was my concern exactly why i didnt buy any terra
Anybody that sells ada is going to seriously regret it.
Thank you James... cheers 🍻
superb video
If ADA is used to buy both what makes it more stable and much different than the terra echosystem?
I mean you can't just say that there are less djed from this point on because ada has fallen. if the djed is already in circulation. and if you back it by raising the amount of shen then wouldn't that just inflate it and push down the price further. In a similar fashion death spiral like terra ust? Also these I think could work if they wouldn't get attacked like ust. and if they can fix that then that shows you can trust them imo
Basically ADA simply is used to buy SHEN and DJED or be sold back into ADA. All of the risk is on SHEN holders, not ADA or DJED. But if you buy SHEN you get rewarded taking the risk of possibly not being able to sell SHEN because there is less than 400% collateral to back DJED and even then DJED can't be overly minted if there is not enough SHEN. All of the risk is in SHEN. The disadvantage is slow startup because you need at least 400% of SHEN value before you can minted DJED. But later that won't matter. Far better thought out than LUNA UST. It will need time though to gain enough SHEN to provide DJED. That's needed though make a secure stable coin and not another crisis like LUNA UST.
It's just great because it won't allow this LUNA UST think to happen again needing at least 400% and if someone did have that much money the program wouldn't allow the selling or buying as that's against the code.
Nice video 👍
if Djed needs to be backed by SHEN 4x, what happens to the Djed that was already minted when SHEN investors pull out?
You can't pull out if the reserves aren't enough, like if reserves get below 400%. That's why DJED is very safe. The risk is in SHEN, but SHEN holders get rewarded for risk of not being able to sell if the reserves are needed. Far better thought out.
This aged pretty well... now that Luna is down 99.99%+...
Luna Terra thing is finished
Trust is lost, cannot get it back
what do you think about charlie3?
So does this mean you would hold or buy ada or get out of ADA into Djed or get out of ADA all together. It feels like you did not finish the video.
You buy Ada since it will eventually be used as reserve (4x) to back DJED. So this will create a ADA supply shock as people start adopting djed.
@@richardsoto278 if there is an ADA supply shock then surely it makes ADA more valuable? Why are people saying ADA will drop significantly in value.
@@FesteringRatSub ADA would would locked when minting DJED so the supply shock would increase demand and reduce supply of ADA. In theory the price would increase
So if other markets adapt Djed from Cardano network then everyone buying Djed on any exchange or platform will be increasing demand for ADA.
Where can i buy shen?
Starting to really do some serious shopping in this market.
Now is the time my friend
Fair play James. ADA is stuffed mind you
great video Im in ADA big time
Sold it all at 1.2
sold mine 1.39