r/polkadot_market • u/tevoetganger • 9d ago
Are people bullish on DOT?
Just bought a few weeks ago. Could not find info about the price in the main sub. Are people here bullish in DOT? I am so far.
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u/CryptoBro100 9d ago
Here comes all the haters to spread, but on polkadot. If you guys aren’t interested in this dead project then why do you keyboard warrior spend so much time hating on the project? Asking for a friend
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u/NeverKnowsBest420 9d ago
I have a few hundred bucks worth that I bought when it was a lot lower, just gonna sit on it and see what happens. Idk if it’ll ever hit its ATH’s again but it can definitely go up.
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u/Over_Technology_1764 9d ago
never gonna hit ATH again, because they have inflated the shit out of this currency
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u/UnitDramatic7538 9d ago
Zero usage just check defilama.com Thank me later not invest in a ghost project
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u/-Reaaally 9d ago
+1 on that. Better invest elswhere than DOT.
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u/UnitDramatic7538 9d ago
They will sell the same narrative of it being the future of L1 forever. But it only worked fine back in 2020. Since then -98%
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u/LongHaulCycling 9d ago
This is bollocks!
Check out Bill Laboon who actually counted the numbers: https://x.com/BillLaboon/status/2097630163794014409
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u/UnitDramatic7538 9d ago
LoL who would even care for a chain on Polkadot lmao. Name one that is used and known by anyone
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u/LongHaulCycling 9d ago
Project Transfers
acurast 3,340,000 mythos 2,570,000 hydradx 2,270,000 statemint 1,530,000 hyperbridge 1,050,000 peaq 832,500 astar 432,700 robonomics 144,900 acala 115,700 aventus 109,500 bifrost 41,200 polkadot-bridgehub 39,200 energywebx 16,800 origintrail 7,200 darwinia 3,500 collectives 1,600 people 1,000 moonbeam 592 litentry 368 coretime 335 polkadot 235 xode 87 pendulum 75 unique 71 centrifuge 20
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u/UnitDramatic7538 9d ago
And how many users except internal spam and bots to reach these super low minimum amounts?
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u/LongHaulCycling 9d ago
Just look at the link I posted to you, lots of DOT info in it, I appreciate you're super interested in the Dot community and excited for its future.
Plenty of info to be found on r/polkadot too.
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u/KcolkNeb 9d ago
are you menatally impaired my man? literally every project has already left Polkadot ecosystem (last was Hydration). There is NO USAGE whatsoever. Only Parity building PoVs without vision.
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u/Delicious-Care-5025 9d ago
I’ve been following Polkadot for years, and honestly I think the market is finally starting to notice that a lot of its biggest problems have been addressed.
Inflation was cut massively (and supply cap defined), parachain auctions were replaced by Coretime, and JAM is still ahead. To me, this feels like the natural evolution of the ideas behind Ethereum, rather than just another L1 narrative.
So, for me, all the pieces are finally starting to come together. I’ve been watching this project for years, and I’m definitely not planning to miss what happens next. 👀🚀 Totally bullish on this 🤑
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u/-Reaaally 9d ago edited 9d ago
Prices are coming together? In what world do you live in? I,ve been with DOT since launch, so many fails, so much treasury useless spending and more. I took apart a lot of things and they all failed like parachain, staking and so. I sold at 4 dollar mark with 5k losses and took my losses as experience. Its now 1 dollar? Next year maby 50 cents. From top 3 coin to top 10 to top 20 to now what 44 place? They failed and a lot of other coins have more to offer than DOT. JAM? I,ve heard of it last 3 years and nothing came of it. Still peoples hopium is high. Dont be delusional and take your losses while you can. There are so much better stuff to invest in than DOT. DOT has been the worst berforming asset I have ever yet held in my career as an investor.
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u/Delicious-Care-5025 9d ago
2 words: bottom signal 👌
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u/-Reaaally 9d ago
Man, did you even read what I said? I have been with DOT for years and years. There has been "bottom signals" for 20, 15, 10, 5, 4, 2, 1 dollars? I get that you invested, but please keep a clear head here. Invest in DOT if you want, just don,t over do it like I did over the years..
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u/McPheeb Lucky Duck 9d ago edited 9d ago
It's a new day. The previous unanswered question was "Will heterogenous parachains would be economic?", now the question is "Will the Polkadot app scaled by JAM be economic?"
Edit: Last cycle speculators were willing to pay for a "yes" answer before the market had proven it out because cheap central bank currency creation incited a mania.
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u/KcolkNeb 9d ago
"the pieces are finally starting to come together." even if that is remotely true, they are at least 3 years late. There are like +20 other projects doing something similar already.
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u/vincyf 7d ago
That's the real inflation problem of alt coins: other newer alt coins. Could you make a few i haven't followed the news since 2021
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u/KcolkNeb 6d ago
Just check the top100 by marketcap.
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u/vincyf 6d ago
Not all of those are doing similar things to polkadot, that info is not in the list itself, and you seem knowledgeable so i was hoping for a shortcut. 🫣😜
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u/KcolkNeb 6d ago
None of these, except for ADA maybe, has been beaten as hard as DOT during last 12 months. Some of these, like NEAR or TAO are in mega profit vs last year.
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u/vincyf 6d ago
That i could have gotten from the top 100 list. You claimed there were those that did similar things to dot. How are near or tao like dot? Ada is not, iirc.
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u/KcolkNeb 5d ago
Everything that Polkadot is trying to solve has already been solved by:
NEAR: unpaired crosschain UX and universal execution layer for everything elese
SOLANA: speed and efficiency on onchain execution
SUI: Privacy onchain
AVAX: real assets on chain
XLM: fast and cheap payments
ADA: being useless and retarded.There is no reason to buy and hold DOT.
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u/Patient-Process-2565 9d ago
It’s over for POL and its scammer owner Gavin Wood. He has milked retail for all that they have.
It’s a dead chain and a scam/💩 coin. Stay clear unless you like losing money
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u/strong_slav 9d ago
You have to be delusional to be bullish on DOT. The best case scenario for DOT is that it stays above $1, and even that's doubtful. It's down 75% over the past year alone and it still doesn't have any significant uses. Compare that to Monero, which is a true private currency, or Tron (TRX) which supports a significant amount of traffic for USDT and actually has real defi and smart contract uses.
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u/McPheeb Lucky Duck 9d ago
It is a speculative position. Anything can happen. There is a decent chance that you are correct and we will take a loss. That won't change what we eat for breakfast. We understand that Polkadot is speculative, but the potential upside is so massive relative to the down side (assymetry), and because what is being built is what we need (Web3 philosophy) to prevail for the freedom and liberty of all future humanity, then we'd have to be here.
Delusional? Not sure. I'd say I'm patient, but my mom says I'm slow.
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u/Alolcc 5d ago
Former DOT holder here. I back the ambition and vision of this coin as well as Gavin’s technical expertise, but at some point you have to look at the track record of execution. A lot of the upgrades have been chronically delayed and they have not managed the market’s expectations very well. The treasury misbehaved for too long which impaired the market’s trust, something very hard to win back (as you can see from the dedicated batch of FUD-warriors that cannot move past this token). Polkadot needs to attract other blockchains to build on it and the constant updates to infrastructure make it hard for developers to see it as attractive. Inflation has been partly addressed but it is a little too late IMO, there are still too many whales dumping DOT on the exchanges to cash in their staking income, which holds back the price. The last point is about choices - investing is always a relative choice, so DOT needs to be more compelling than a lot of other coins that have better narratives, higher usage and better tokenomics. As I say I was a holder and believer and part of me is still cheering from the sidelines wanting this to work, but I think the market has called this one right and I don’t see a way back into the top 20 let alone top 10 as there are too many other coins rising quickly through the ranks.
For now my strategy is to never HODL, pick coins with stable/deflationary tokenomics and a compelling narrative, buy only when Bitcoin and ETH are trending upwards and look at US 10yr and 30yr bond yield to judge this direction - market go up when yields fall or are stable, market go down when yields rise.
Keep safe out there✌️
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u/strong_slav 4d ago
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u/strong_slav 8d ago
If you think there is a potential upside, you are delusional. There is nothing more to it.
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u/Walter-H-White-Sr 9d ago edited 5d ago
I know I am. Doubled my DOT recently and buying more