How does Polkadot crypto come to 7th position? is a scam? - page 2.

Fivestar4everMVP

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Quote from: bitmover on September 09, 2020, 02:53:52 PM

Quote from: darktor on September 09, 2020, 02:51:14 PM

Or is it a crypto that will one day be reliable with a good future Huh

is it a standalone crypto that has not been launched on ethereum?

Don't you remember EOS?
EOS was just a piece of paper, no mainnet, no nothing, just a token and a piece of paper.

It gathered 5 billion USD in the ICO and when to top 10 in day 1.

Is EOS a scam? Doesn't look like to be a scam. Is it a good project? Not in my opinion.

What about Polkdot?
There are a lot of eyes in it a now. Certainly it is not the best time to get in. Is it a scam? Unlikely. Is it a good project? Unlikely as well.

Are you kidding me? $5 billion usd,? What did they do with all the money then,? I understand this might be a mistake maybe you meant to say $5 million dollar which is still a lot of money to begin with, but ever since I got into crypto, I've never heard of any ICO or IEO raising as much as $5 billion dollars, but anyways, anything is possible.
And back to the question whether polkadot is a scam, it is not a scam, all crypto assets are volatile, they up and down, and sometimes, if their price go down significantly, they loose their position or coin market cap, this does not necessarily mean it's a scam.

ElaineGanda

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Futurov

Absolutely no. Polkadot reached the 7th position because of its market performance and stability, no illegal activities at all. If you will follow polkadot project and team, you will notice the credibility and efficiency of the project plans. In fact, polkadot in expected to increase more its market value for the next few months based on what I read in telegram channel.

Abiky

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DOT is a promising coin. There are a lot of projects based on Polkadot. There were even rumors that the team was giving away a grant for developers working with their blockchain. Polkadot is actively developing and has big plans. The current cost is a preliminary check, whether investors are willing to take risks and wait for the start of the project.

Couldn't agree more with you, mate. DOT has high prospects of becoming a successful cryptocurrency in the long run. I wouldn't say the project is a scam as developers are delivering as intended. Polkadot is an extremely-active blockchain network with a vibrant community behind it. Its sudden rise could be largely attributed to its technical superiority compared to Ethereum. After all, the world's second-largest cryptocurrency by market cap (ETH) is struggling with high network load. The ever-rising fees, and slow transaction confirmation times has led people to look for other alternatives on the market. Polkadot, as well as, Cardano have experienced new gains in price as "De-Fi" becomes extremely popular in the mainstream world. Who knows what will be of DOT in the future?

Nonetheless, Polkadot holds good promise of becoming a true contender of Ethereum. The question is how long will it survive? Will it be able to stand the test of time? With ever-growing competition in the smart contracts space, Polkadot could either lose or gain traction as time goes by. The same thing could happen with Ethereum. As long as people support this project (DOT), it will be here to stay. Just my opinion

bitcon

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Well, calling Polkadot the Ethereum killer is certainly stupid. It will take a long time to catch up with Ethereum. Dot is a very promising coin and the project has big and long-term plans. Now many are interested in the development and growth of the coin and are trying to buy it for themselves. The positive movement of Dot can be seen! Cool

sangkler11

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Yeah, now Polkadot has surge into Top Ten crypto, It has been touted as the latest "Ethereum killer"
Currently hype on crypto is all about Polkadot.
There are already a number of projects using the Polkadot framework, almost 200 according to data from PolkaProject.
I think Polkadot is a one of coin good to invest.

Betaj00

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I think you have not any good idea and knowledge about Polkadot project, as my opinion polkadot is very good project and ther own coin Dot now a good and profitable for us and all holders. Now you can see the current rank of DOT coin is Five on Coinmarketcap. Also its future is very good.

JeffBrad12

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Quote from: Ken_terrance on February 04, 2021, 01:26:46 PM

I don't get you OP, if a coin takes over so many top ranking coins that makes them scam?

OP has no clue about that dude and he needs to learn more about crypto and it looks like he was getting shocked to see that a coin that can surpass so many coin instantly. It looks like if he was newcomers too.
You should not be surprised to see that and he didn't know the ranking system in crypto lol.
Polkadot was created by a part of ethereum core developer team.

Ken_terrance

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I don't get you OP, if a coin takes over so many top ranking coins that makes them scam? It's that easy to beat top ranking coins today? This isn't 2017 where an hype can push any altcoin to top 10 rank, now it's all about more hardwork, Polkadot deserves the rank because it works to achieve it, not by FOMO but by real use case

Shallow

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Polkadot is pulling great weight nowadays and has risen to a very high rank in coinmarketcap and that can only be achieved through hard work, because it has succeeded in overthrowing a lot of prominent coins. Also, it is quite true that a lot of coins has done that before like EOS while much is not heard about them, However in the case of Polkadot, it seems to be a different case as it offers great services which has made some projects both new and existing to consider utilizing their platform. Thus, in my own opinion, Polkadot is not a scam, but a reliable crypto with good future, and in as much as the team continues working hard then they will be able to maintain a good position on coinmarketcap. Lastly, you should know that one of the factors that pushes a coin to top rank in coinmarketcap is the community, how strong the community is will play a big role in keeping the coin valuable.

zasad@

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Polkadot is not going to compete with Ethereum. Polkadot is a low-fee cross-chain platform that will be compatible with many blockchains.
Read this news.
https://cryptobriefing.com/cross-chain-indexes-coming-polkadot-with-launch-stp-2-0/
Cross-Chain Indexes Coming to Polkadot With Launch of STP 2.0
I think next year it will be a new hype in cryptocurrency.

speedforce

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Quote from: Travel Standard on February 04, 2021, 09:39:07 AM

Polkadot is real, legit and future of cryptocurrency. It will be in number 3 position soon. The project under PolkaDot are extremely best. Price will go up with big difference in future.
There is nothing to be scam.

Agree, but why in rush to take higher position, if the community getting stronger, and the developing progress going well. The price and marketcap will follow to increase, right?
But at the moment i think the price mostly because FOMO and can go dip at any moment.

Squezzi55

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Quote from: jessyj48 on February 04, 2021, 10:59:01 AM

Quote from: Kvalentine on February 04, 2021, 10:56:10 AM

Polkadot is different, you can't earn top rank on coinmarketcap today with just hype only like in 2016-2017, if you watch bitconnect and Polkadot use cases side by side you will instantly notice the difference, Polkadot is huge and it's usefulness is what get it to the position

Getting on top rank on coinmarketcap is pretty hard but maintaining the position after several months or years is even harder, I hope Polkadot won't be like some altcoins that quickly rise up in rank and later lose the rank again, I can see the potential but I do hope it keeps things like that

That's a fact, many projects rises and fall because they can't keep up with good development plans but Polkadot is more prepared than that, many new projects are running through polka network today and some are even gearing up to join the crew, I believe this is just the beginning for Polkadot fame, not a investment advice though, this is just my own inner mind talking

matchi2011

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Quote from: jessyj48 on February 04, 2021, 10:59:01 AM

Quote from: Kvalentine on February 04, 2021, 10:56:10 AM

Polkadot is different, you can't earn top rank on coinmarketcap today with just hype only like in 2016-2017, if you watch bitconnect and Polkadot use cases side by side you will instantly notice the difference, Polkadot is huge and it's usefulness is what get it to the position

Getting on top rank on coinmarketcap is pretty hard but maintaining the position after several months or years is even harder, I hope Polkadot won't be like some altcoins that quickly rise up in rank and later lose the rank again, I can see the potential but I do hope it keeps things like that

If development will continue there's a high chance that this project will stay with it's current position, the hardship of maintaining
your place around is very important.

Polkadot developers and supporters needs to continue working together in order to gather more support and to maintain the current
rank, the more supporters the more the value will stay strong.

jessyj48

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Quote from: Kvalentine on February 04, 2021, 10:56:10 AM

Polkadot is different, you can't earn top rank on coinmarketcap today with just hype only like in 2016-2017, if you watch bitconnect and Polkadot use cases side by side you will instantly notice the difference, Polkadot is huge and it's usefulness is what get it to the position

Getting on top rank on coinmarketcap is pretty hard but maintaining the position after several months or years is even harder, I hope Polkadot won't be like some altcoins that quickly rise up in rank and later lose the rank again, I can see the potential but I do hope it keeps things like that

Kvalentine

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Polkadot is different, you can't earn top rank on coinmarketcap today with just hype only like in 2016-2017, if you watch bitconnect and Polkadot use cases side by side you will instantly notice the difference, Polkadot is huge and it's usefulness is what get it to the position

noormcs5

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Quote from: FinneysTrueVision on September 12, 2020, 06:49:59 PM

Quote from: SquallLeonhart on September 12, 2020, 10:48:12 AM

If something was an obvious scam it could never reach 7th position in rankings, there is no way that people would invest into a known scam that much, people would sell everything they own and get out as quickly as possible. However this doesn't mean they are not scam neither, they could very well be one but people just don't know about it and that's it, in the future it could turn out that it was a scam all along.

Bitconnect was once #6.

Bitconnect was a big scam and a lot of people lose money in that project. On the other hand Polkadot is a very good project and some people are of the view that one day it will replace Ethereum.
Polkadot already reached in top 5 crypto currencies. Recently it's price has reached 20$ and in coming days i can see DOT being traded at 100$ or more.

Balladtony77

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We are in a craze world mate where anything is bound to happen, I've seen some coins years ago that are topping the chart on coinmarketcap and after some months things start going side ways, I'm not saying Polkadot will end like that though but invest only what you can afford to lose, that's what better

Travel Standard

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Student Coin

Polkadot is real, legit and future of cryptocurrency. It will be in number 3 position soon. The project under PolkaDot are extremely best. Price will go up with big difference in future.
There is nothing to be scam.

fmz89

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Quote from: darktor on September 09, 2020, 02:51:14 PM

I would like to have your opinions

Coinmarketcap:
https://coinmarketcap.com/en/currencies/polkadot-new/
Website:
https://polkadot.network/

Polkadot How does this crypto coming out of nowhere appear in 7th position even though it was in 5th or 6th position when it is currently going down? it's a Pump and dump.

Or is it a crypto that will one day be reliable with a good future Huh

is it a standalone crypto that has not been launched on ethereum?

lol so why do you thing polkadot is scam, you must be new here,

dot crowdfunding already from mid 2017 and the listing are q4 2020, the project lead & created by ethereum co-founder DR. Gavin Wood

this year it will be at third position after ethereum no doubt about that Cheesy

FlagstaffRevel235

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Polkadot is certainly not a scam project. Because the founder of Polkadot is Gavin Wood, who is the co-founder of Ethereum. Polkadot's smart contact, whitepaper, mission, and vision have attracted people. That's why people have accepted Polkadot very easily. I don't think Polkadot is a stable coin.

Topic: How does Polkadot crypto come to 7th position? is a scam? - page 2. (Read 964 times)