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    Author Topic: Why I don't buy Polkadot now  (Read 1009 times)

    • Jeger.Kiting
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    September 30, 2022, 08:28:38 AM
     #61
    You have offered some very useful information, so for that I am now starting to monitor the DOT of several existing exchanges to ascertain how the DOT situation is. It would be much better for all of us to wait when prices will slowly drop so that we can buy at a significant discount and contribute to an increase in income once prices start rising again. Let's wait a moment to confirm the upcoming DOT price movement.

  • RealMalatesta
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    September 30, 2022, 08:39:21 AM
     #62
    Quote from: Chainsmokers on September 28, 2022, 10:46:03 PM
    this is the right time to buy polka dots, why delay if this is a golden opportunity?, you can see the truth through the chart,
    because the highest price of DOT was at $54 and now DOT is only at $6, of course this is a good opportunity to invest in DOT.
    yes even though the OP said people staking on DOT have reached 50% more I think it will have no effect on the price of DOT,
    and maybe if there is another decline there will be $3 and I believe $3 is a very strong bottom.
    People are not entirely sure if it is the golden chance to buy it right now, it would be a bit weird if you felt so comfortable about it and tell people about how comfortable you are by investing right now. Obviously, altcoins are a bit riskier than bitcoin, which means that they could end up being not so high and that would be understandable as well.

    I personally would suggest you to buy it as soon as you can, because you really believe in it, but if others do not then I would understand it as well. It is not an easy decision to invest into anything, doesn't matter what it is, and people grow with the idea that there isn't free money anywhere, so it is hard to accept the fact that it is a good looking project.

  • ningrum
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    September 30, 2022, 11:14:23 AM
     #63
    Quote from: topman21 on September 29, 2022, 04:34:46 PM
    Quote from: Pejoh Asu on September 29, 2022, 01:52:56 PM
    I once invest Polkadot 2 years ago, because they actively advertised in various media, at that time I bought at a price of $ 5 and regretted because I skyrocketed up to $ 50 at the end of 2021 or a year after I sold, of course I would see the development of Polkadot for investment again.
    Polkadot is a very good and popular coin. At one point the price of this Polkadot rose up to $50.But now it has reduced a lot due to bad market conditions But those of you who are very confident in investment can invest in all these platforms If you can invest in this bad market at a low price, then after the market is good, you will see that you have enough profit from here.
    Polkadot was originally a potential coin but for now its price is going down and that is also inseparable from the influence of this bear market,
    before buying this coin I think it is still necessary to do research first,
    hopefully after the bull market comes the price of polkadot can go up again

  • zasad@ (OP)
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    September 30, 2022, 11:34:45 AM
     #64
    The Polkadot has a number of development problems due to their auctions. Over the past year, about 30 projects have appeared in this ecosystem that have won auctions, but many have not yet launched. The launch of 100 projects will have to wait another 1-2 years. In other ecosystems, it is much easier to start and you do not need to spend time participating in auctions.
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  • JohnBitCo
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    September 30, 2022, 03:37:21 PM
     #65
    Quote from: Semar Mesem on September 30, 2022, 02:39:05 PM
    Polkadot has a good position, I know Polkadot because in 2020 they are very massive in advertising, and I have also made a profit because I was able to sell when the price was $24 because previously I bought at $17, but for the short term now I will focus on investing in new listed coins or in a new project that is certainly more promising big profits.

    Polkadot has been one of the promising cryptocurrencies. OP has posted this thread in August 2020 and now after two years, many fundamentals about DOT have changed.
    If we see the latest roadmap and partnership of DOT, i think this can be one of the best investments at present prices.

  • tygeade
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    October 03, 2022, 09:22:23 AM
     #66
    Quote from: RealMalatesta on September 30, 2022, 08:39:21 AM
    People are not entirely sure if it is the golden chance to buy it right now, it would be a bit weird if you felt so comfortable about it and tell people about how comfortable you are by investing right now. Obviously, altcoins are a bit riskier than bitcoin, which means that they could end up being not so high and that would be understandable as well.

    I personally would suggest you to buy it as soon as you can, because you really believe in it, but if others do not then I would understand it as well. It is not an easy decision to invest into anything, doesn't matter what it is, and people grow with the idea that there isn't free money anywhere, so it is hard to accept the fact that it is a good looking project.
    That's something people would have to deal with regarding DOT itself though. I mean I have 100% trust that bitcoin, ethereum and bnb will go up, that's something I trust very much, so much so that I am putting all my money in there at all times (whatever I can afford to save aside) and that means we shouldn't be shocked with some people adding DOT to that, some people add something else, we all have coins that we trust so much, and he could be trusting DOT as much as I trust bitcoin. There are also people who do not trust even bitcoin that much and sell with panic, that's something that happens all the time, so it's different types of people.

  • BobK71
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    October 03, 2022, 10:55:20 AM
     #67
    Quote from: JohnBitCo on September 30, 2022, 03:37:21 PM
    Quote from: Semar Mesem on September 30, 2022, 02:39:05 PM
    Polkadot has a good position, I know Polkadot because in 2020 they are very massive in advertising, and I have also made a profit because I was able to sell when the price was $24 because previously I bought at $17, but for the short term now I will focus on investing in new listed coins or in a new project that is certainly more promising big profits.

    Polkadot has been one of the promising cryptocurrencies. OP has posted this thread in August 2020 and now after two years, many fundamentals about DOT have changed.
    If we see the latest roadmap and partnership of DOT, i think this can be one of the best investments at present prices.
    The quotes the OP made were from 2020 and we are now in 2022. Then there is no correlation between the OP's views and the current market conditions. I think the dot is still in a very good position from where buying will increase the potentiality. I think investing in dot means it will be a top class investment plan.
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  • koang
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    October 03, 2022, 11:10:06 AM
     #68
    Quote from: JohnBitCo on September 30, 2022, 03:37:21 PM

    Polkadot has been one of the promising cryptocurrencies. OP has posted this thread in August 2020 and now after two years, many fundamentals about DOT have changed.
    If we see the latest roadmap and partnership of DOT, i think this can be one of the best investments at present prices.


    Polkadot is on a trajectory of growth and evolution, the project has built and grown its ecosystem.
    The traffic will come organically in due course.
    With the current market conditions, keep calm and collect as much as possible at this discounted price.
    The bigger the dump, the greater the chance of obtaining a profit in the next bull period Smiley

  • thecodebear
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    October 03, 2022, 02:06:29 PM
     #69
    Parachains have been starting on DOT since end of last year. It'll take a couple years to get all ~100 parachains auctioned off and up and running. So by the 2024/2025 bull market Polkadot should have its initial parachains pretty much all set up.

    While the 2021 DOT price rise was due to hype for the start of parachains, the '24/'25 price action will have to do with actual usage of these applications on Polkadot. If they start becoming popular we could see DOT over $100 during the bull run. But if the DOT ecosystem isn't making a splash by the time the bull market is here DOT might be relegated to the fate of so many cryptos that have one big bull market run and then never get as high again.

    The 2021 high was around $55, so I'll be looking to see if DOT can pass that price fairly early on in the '24/'25 bull run (like when Bitcoin is still under $100k) to get an idea of whether or not DOT is going to go significantly higher than 2021 or if it was all hype and it won't ever become a major player in crypto. I guess if it can get back up to $35-$40 (where it spent a good amount of time in 2021) by the time of the Bitcoin halving that'll be a great sign that it's likely to crush its ATH. I'm hoping to see like $90-$100 DOT price in 2025.

    Right now, sitting at the bottom of the bear market, the price is in the $6 range. It passed this price initially in the last few days of 2020 while Bitcoin was about to hit $30k for the first time. So its bear market bottom is a little higher than its price was in the first few weeks of the last bull market. Hopefully, once the bottom of the market is over we'll see DOT return to >$20 next year, >$35 by the halving, >$55 ATH by end of 2024, and significantly higher at the peak of the bull market in 2025.

  • RiverBoy
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    October 03, 2022, 02:20:57 PM
     #70
    Polkadot blockchain is a good project some need to invest on, because it has been using in difference platform as the community keep adopting the chain, mostly on gaming and betting platform, has been using as a quick transaction all together. Base on that, it sound very interesting to invest Polkadot DOT Coins during this bear market, while waiting for Bull Run. 
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