I was thinking about ADA a little more, so I'll try to put this into context as much as possible.
ADA is around $2. It's ATH is 50% up from here. In a crypto bull run you know full well it will exceed that ATH and more, so it does absolutely have the chance to go to $5 or maybe even approach $10 before deflating. But others will run 10x, and 20x and 100x.
A late stage crypto run is equivalent to the the late stage internet bubble of 1999 which I participated in (but I've not participated in a crypto run). At that time everything was going up... literally. IPOs were going up multiples on day 1. All anyone was concerned about was getting into the IPOs and stocks running the fastest, so if you chose one that only 2x'd and your buddy found another that went 4x you wanted to dump 2x and jump the 4x. The problem is, it already 4x'd, so odds are you jump in, maybe it goes another 50% then you get disappointed because there's another 5x over there and an 8x over there.
The problem is obvious in hindsight... everyone was chasing the next great thing, and usually too late, so in a market that looked like you could mint 10 baggers on a regular basis turned out to be a chaos of musical chairs... stock A goes up 500%, it attracts more investors, it pumps to 1000%, the early investors start using mid and late investors as their liquidity, they take their profits and roll them somewhere else, and the mid investors into A wind up getting nominal gains, and very late investors wind up becoming liquidity for the early and mid stage investors bail, and the stock winds up deflating 50% or more. This happened over and over until the entire market pumped to its max, and then deflated all at once, leaving massive losses for anyone still in stocks. That was just a 1 year timeframe.
This is exactly what's going to happen with the crypto bull run, but faster...we are now talking weeks or maybe a few months. We all are going to be chasing the best gains to try to take advantage of timing, we will miss more often than not, more people come in and the market starts melting upwards, euphoria abounds, everyone will be chasing the next best thing and when least expect it the entire market will melt down. If you didn't take profits out of the market along the way you're going to be left with "how in the world did I lose that much money in a market that went up 5x?" It's mind-boggling, and as I understand it the entirety of altseason, where the biggest gains are, is only going to be a couple weeks.
The real goal is to do as much as you can in the bull run, and then use those profits in crypto winter to buy all the good projects at a 90% discount... and then next bull run, not only will you 10x as the coins go back to their ATH, but they will 10x again. That's the long way of saying, most of what you will buy today, you are going to be too late. Your only goal is to make it out of the bull run without a decimated porfolio at the end. And yes, at the end of the 1999 bull run, my portfolio was decimated, as were most investors in the 2017 crypto bull run. Ironic isn't it?
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