This past week there was a lot of noise over social media about ADA being listed on Coinbase Pro. The second-largest exchange as of today, only after Binance. I saw multiple predictions from Youtubers and TikTok-ers that the price will explode to 2 USD and over. However, this is not exactly what happened. First, on the 18th of March as previously announced Coinbase Pro listed ADA and the price was around 1.46. At the time of listing ADA started trading over 1.60. So people started selling and the price crashed with 20% down to $1.21 just a few hours later.

So everybody who was predicting the price to explode was wrong. Of course, this is not the whole story by far. Yesterday Conbase's Twitter account posted this: 

The price was just starting to recover after the previous crash to $1.21 and was floating around 1.30, right after it was listed on Coinbase it went down again by another 5-7%. 

What we can learn from this is the fact that price predictions based on some events that supposedly going to drive it up are often very wrong. And this is just one example and everyone should be acting responsible when investing, especially when using money that they cannot afford to lose. This is even more true when you trade with margin because this is the fastest way to lose your hard-earned money.

I remember a colleague of mine, during the previous bull-run who decided to make a quick buck but getting a huge loan from Morthgaging his Apartment and using the money to invest in Cloud Mining. Very fast this turned disastrous for him. I believe as of today, he is still paying the bill for this mistake he made.

So the lesson here is always to invest responsibly and use only money that you are prepared to lose and that won't ruin your life.

If you guys want to start trading on Coinbase/Coinbase Pro you can use my link to register and we will both get $10 in Bitcoin once you complete your first purchase of 100$ or over - here.

Also, if you use my Binance link we will share 10% of each of the fees from every trade you make, which means you will receive 10% cashback from the fee each time you trade crypto - here.

Happy trading/investing everyone and please always be responsible and do your own due diligence and don't listen to anyone who tells you that this and that will "explode", because the market is full of "sh!tcoins" that will only lose you money if you decide to put your money in it.