ADAUSDT
Cardano / Tether USD
crypto Composite

Normies are people who don't have interest or believe in crypto but who jump into crypto during bullrun hype cycles. There was a massive influx of them in the 2017 and especially the 2021 cycle when people who weren't normally investing were jumping into crypto and even meme stocks like GME.
In August-September 2024, I kept on posting that this cycle was completely different and that most Alts are completely fucked now because of macro conditions and institutional driven BTC rise. In January 2025 I posted that there would be no Alt Season in 2025.
Crypto Influencers and Bagholders are slow and stupid so it looks like it has taken a year plus for them to come to grasp with reality.
> Reddit Crypto and Bitcoin subs are detached from all reality. People are struggling due to the high cost of everything because of inflation only made higher by the high interest rate environment. We are in a much different environment that the 2017 bullrun and the 2021 bullrun. And despite what people here say, even big cuts in interest rates does not mean we are going back to near zero interest rates next year. Bitcoin is now a huge market that is harder to move going against economic headwinds -- if Bitcoin goes on a big bullrun next year, it'll be fucking impressive. **(August. 2024)**
> - 2017 Bullrun: Fed Funds rate in was between 1-1.5%
> - 2021 Bullrun: Fed Funds rate was between 0.05-0.10%
> - 2024: Fed Funds rate sits at 5.5%
> - 2025: Fed Fund Futures is predicting 2 percentage rate cuts by next July leaving it 3.25% to 3.5%
> - Credit Card delinquency rate at the hugest since 2011
> - Credit Card debt at record high of $1.3 trillion
> - 1 in 3 people said they will have more credit card debt by the end of 2024
> - Average credit card interest rate is currently 22.76%
> - Average family in 2024 must pay 38% of income on mortgage to purchase a house
> - Low-income families would have to spend 77% on mortgage to purchase a house
> I only have anecdotal evidence of of how much of the money comes from low income retail. But during the last bull run, it seemed like every regular Joe who had a smart phone was trying to make money on crypto and meme stocks like GME.
> My girlfriend's mom who is a waitress got a note from someone who left her a tip saying invest in these two "XRP and DOGE" and she wanted me to put in money for her. Christmas in 2021 I am with my girlfriend's family who have NEVER invested in anything and they're talking about the best shitcoins. That stuff was all over TikTok.
> My plumber went all in on GME, COIN, SQ, BTC, ADA. I saw him again in 2023 and he now says his only investment is his house. I really think this retail FOMO did have an effect on the market.
https://np.reddit.com/r/CryptoCurrency/comments/1essrtn/seeing_engagement_here_sentiment_is_lower_than_in/li8cj8m/
> That is **my prediction range $100K to $120K IF we do real well.** But BTC going 2X from here is not going to give you 5X, 10X, 50X on all these Alts that people are holding at major losses and need those type of numbers to just break even.... **Most Alts are absolutely fucked now. (September 2024)**
https://np.reddit.com/r/CryptoCurrency/comments/1f98l4j/daily_crypto_discussion_september_5_2024_gmt0/llnadcz/
> A lot of people are holding heavy Alt bags **rationalizing a huge Altseason is coming** this year. Your Alt echo chambers are telling you, it's 100% happening. **There is zero percentage chance of that happening** without another big BTC leg up so it would be wise to temper your expectations.
**(January 1st 2025)**
https://np.reddit.com/r/CryptoCurrency/comments/1hr1bgb/btc_returns_2010_2024/m4uaz4g/

Ok what’s the best way to short Doge, ADA, XRP, ETH, things of that nature long-term?

I don't think that's any of your business. Are you recommending a file and ADA lawsuit?

From all my tokens, it is only ADA which I am down >-70%.
ADA is not the Future unfortuantely. Would love to be wrong!

I stake my ADA to earn while waiting for the pump of the market

It really just boils down to the fact that adoption hasn’t occurred and there is no incentive for further adoption, the latter of which can be split into not enough incentive for (1) retail with accessible high yields and high liquidity/volume products and (2) corporates because there is not a VC funnel supporting ideation and product generation on the chain.
As much as many hate that SOL is the “VC chain”, it drives a lot of activity and builders onto the chain, similar to what we’ve seen with Base in the last couple years.
Unless something drastic happens—and I mean so drastic that no one is capable of predicting it like JP Morgan saying they’re going to rely on ADA alone for their blockchain exploration—ADA will continue to fade into obscurity.

Care to explain your take on the longevity or long-term investment of ADA?

If you selling anything from those bags keep BTC and sell the rest. Personally I would keep Solana as well. Definitely get rid of XRP and ADA until they actually build something great that people use.

At first bridging NIGHT may seem unnecessary but there are options out there if you’re looking to hold NIGHT while earning or if you want more flexibility when trading. There are options on both Cardano and BNB Chain
Here are a few places I have found to put your NIGHT to work:
Minswap on Cardano
Minswap currently has 5 NIGHT pools:
\- NIGHT-KNIGHT
\- NIGHT-ADA
\- NIGHT-SNEK
\- NIGHT-USDA
\- NIGHT USDM
Liqwid Finance on Cardano
\- Lending and Borrowing of NIGHT
Danogo Finance on Cardano
\- Long and short NIGHT with leverage
Wingriders on Cardano
Wingriders currently has 3 NIGHT pools:
\- NIGHT/USDA
\- NIGHT/USDM
\- ADA/NIGHT
VyFinance on Cardano
VyFinance currently has 1 pool supporting NIGHT:
\- NIGHT/ADA
PancakeSwap on BNB Chain
Pancake Swap has 8 pools for NIGHT, the top 2 are:
\- WBNB/NIGHT
\- USDT/NIGHT
If you looking to get involved in any of these opportunities and your NIGHT isn't where you need it to be, bridge with [Wanchain](http://bridge.wanchain.org) knowing your cross-chain transactions will be secure.