Topic: How does Polkadot crypto come to 7th position? is a scam? - page 3. (Read 964 times)
not all cryptos are reliable or have a good future, in most cases there may be only a few, but only Bitcoin and ETH are proven. associated with Polkadot is a little familiar, I used to hear rumors that this project is a SCAM. but what we see is that Polkadot can reach the top 10 in CMC
Bra, unfortunately dot has inflation rate of more than 13% and a shady history. Another pump and dump scheme from a former developer of a respected project. https://messari.io/asset/polkadot/metrics
I find redenominations very shady, specially when done only a year after launch. Means the devs are either incompetent to do a redenomination so soon after launch,
or they just wanted the marketcap and rank increase for free marketing. Either way it is bad practise.
Bruh, Polkadot devs had nothing to do with DOT redenomination as Polkadot uses a sophisticated governance mechanism that allows it to evolve gracefully over time at the ultimate behest of its assembled stakeholders. With that being said, the redenomination is made by the token holders through votation and not by devs' decision which is something that some high profile cryptos are lacking - governance.
You can read the outcome of the DOT redenomination as it shows the split of 100x of DOT's original total supply. With this result, i don't see any "shady" or "bad practise" as oppose to what you are saying, IMHO.
Just another one project with good marketing and idea. Unlikely to be a scam as for me
Polkadot is a rocket Fire
Hope they will prosper in the future so they can develop crosschain trend and integrate with other cool players like
Equilibrium
Hope they will prosper in the future so they can develop crosschain trend and integrate with other cool players like
Equilibrium
It is now 6th and I feel like that is not really enough to make it look legit. I know that it moves up and that makes it look like it could actually be something serious and I understand the logic behind a coin looking high could mean it is a good one as well but it is not about being in the top 10 when you start, it is about being in top 10 all the time and polkadot has to show the world that it actually worths that top 10 price only if they could continue to stay in that top 10 for over a year or two, if they could actually hang in there for over a year and close to two, that means they actually deserve that place, however if slowly over time it starts to fall and becomes something that is not worthy, it will become less and less valuable and price will fall.
Polkadot is a real project and its current position is a recognition of its value. Can not conclude scam here because Polkadot has a specific product like other TOP 10 projects. It is possible that Polkadot's capitalization is high because of the hype but I firmly believe that in the future the market will purify itself and put Polkadot in the right position.
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.
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.
Putting all this into a mixer, we get ourselves a coin that is either so good that we are already too late to get in, or we have ourselves a coin that will drop significantly very soon. Both of which means I am not going in right now because there is really no upside to it at all for me, I am already too late and why risk it when I can't be the one who could gain from it?
Putting all this into a mixer, we get ourselves a coin that is either so good that we are already too late to get in, or we have ourselves a coin that will drop significantly very soon. Both of which means I am not going in right now because there is really no upside to it at all for me, I am already too late and why risk it when I can't be the one who could gain from it?
I believe Polkadot is a coin that attracts even some investors are already convinced of this coin but will this coin end up in a scam? I don't think so and let's prove this coin I am sure will be very interesting in the future
Polkadot is having a really good future and I think that it is going to replace the coins that we are already using and also that it is going to be much better than those coins. On the other hand I am also unable to understand how it reached this position, it is a really amazing win for the team where they are able to gain so much reputation in so less amount of time, price is right now just like the earlier days of ethereum coin where it used to be hovering around $8 before watching that huge pump at the time of ICO hype.More on the side of those investors who risk their money for this project to reach that position.
Most of the time when project showed good potentials investors buy the hypes and and start to follow the project, same
with what happened to this coin, it reached the ranks because there are now a good communities supporting the development.
polkadot is not a scam project, because in my opinion gavin wood is making develop polkadot very seriously, especially polkadot tokens are currently on the rise because many tokens associated with polkadot always increase when the token has started trading and also creates hype, and I have no doubt that next year many projects will use platform from polkadot to generate tokens to replace ethereum (erc20).
We will have to wait till someone finally will take a lense to check its details whether the project will realy suvive in the decentralize market. Once its price drop down to $1, many of its investors will jump to conclude its a scam. Is anyone seeing this DOT to be centralized?
This project said to be forkless and base on what I read the team doesn't have to fork to upgrade something. It cold be because its using sharding and its also using tons of blockchain on it mix together.
polkadot is not a scam project, because in my opinion gavin wood is making develop polkadot very seriously, especially polkadot tokens are currently on the rise because many tokens associated with polkadot always increase when the token has started trading and also creates hype, and I have no doubt that next year many projects will use platform from polkadot to generate tokens to replace ethereum (erc20).
I believe Polkadot is a coin that attracts even some investors are already convinced of this coin but will this coin end up in a scam? I don't think so and let's prove this coin I am sure will be very interesting in the future
Polkadot is having a really good future and I think that it is going to replace the coins that we are already using and also that it is going to be much better than those coins. On the other hand I am also unable to understand how it reached this position, it is a really amazing win for the team where they are able to gain so much reputation in so less amount of time, price is right now just like the earlier days of ethereum coin where it used to be hovering around $8 before watching that huge pump at the time of ICO hype.
Polkadot is definitley not a scam. I think it has the potential to be a top 5 coin in the longterm.
It's a multichain project that aims to connect different blockchains.
If you look at the most recent projects that launched and are part of the polkadot ecosystem, then you will see that they all did well price-wise.
I already regret that i don't own any DOTs
It's a multichain project that aims to connect different blockchains.
If you look at the most recent projects that launched and are part of the polkadot ecosystem, then you will see that they all did well price-wise.
I already regret that i don't own any DOTs
It may seem like a scam or a pump and dump scheme, but only if you did not pay attention for the past few years and it didn't come from nowhere as it has been in development for years. Its ecosystem is growing constantly, so I am pretty sure Polkadot is here to stay and it will be one of the biggest infrastructures in crypto as well.
DOT for me is okay and it's one of the good to buy now in the market because I know for sure that in the future it will bounce to its original price when it was started before. Especially now the price so far was 4$ something each token of DOT, then hold in the long term. I had no doubt about polkadot due to at the moment it was improving actually.
Redomination that happened with pokadot has already made this one entered the top 6 CMC.
I have owned the old DOT and it has already swapped into the new dot. After the swap and the launch of DOT main net the price of DOT is also getting increase drastically and that was also pumping the total market capitalization that has already reached by the DOT too.
Some new platforms are also helping the DOT platform to get the hype by started to use the parachain as the tokenization on the DOT platform too. This is not a scam platform. I could say this one is legit.
I have owned the old DOT and it has already swapped into the new dot. After the swap and the launch of DOT main net the price of DOT is also getting increase drastically and that was also pumping the total market capitalization that has already reached by the DOT too.
Some new platforms are also helping the DOT platform to get the hype by started to use the parachain as the tokenization on the DOT platform too. This is not a scam platform. I could say this one is legit.
IMHO, I think its too early to say any conclusion about Polkadot token's sudden rise of price and CMC ranking. and it's very hard to distinguish now which is the genuine or fake because the market has thousands of listed cryptocurrencies and you need to check it carefully and it takes time, so let us conclude that the community behind Polkadot is very supportive thats why they are gaining such momentum, for now, but it doesn't mean that they will stay in that ranking forever.
The number of coins is getting to big :p Just remember the days when there were just a few altcons. It was a lot easier to pick the most promising coins. Now it became a jungle of coins.
The competition is getting extremely difficult today, it misses the days before it was so easy
I'll love to know more about this polkadot tokens that is getting more recognition in the cryptocurrency market. I noticed that we have both old and new dot tokens trading in some exchange. I really don't understand how come such a new project is having multiple coin. I only hope that the project would not end up being scam like several others we've seen lately.
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It could go up to 7th rank simply because people think it's worth that much and not to mention that one of the dev is Ethereum co-founder which kinda guarantees that this project is not exist only for raising money but to bring even better innovation than ETH.
The hype builds around polkadot until now I think is enough to make us as an average joe think that this project is definitely a promising one and definitely not a scam. There are also many publications regarding this project on the net so yeah, pretty much self explanatory.
The hype builds around polkadot until now I think is enough to make us as an average joe think that this project is definitely a promising one and definitely not a scam. There are also many publications regarding this project on the net so yeah, pretty much self explanatory.
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