How does Polkadot crypto come to 7th position? is a scam? - page 4.

casperBGD

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Quote from: Furious 7 on September 10, 2020, 12:26:06 PM

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

agree, i would not call it a scam, since there is a lot that Polkadot is here to offer, team is having some popular crypto members, that were part of Ethereum community, and overall, the project exist for several years, but would not hit the exchange until now, i presume that was due to bear market and they were trying to get fair price for the token, which is good thing
of course, one should do their own analysis before investment, but Polkadot sounds good to me, not as a scam

justdimin

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I can't call it scam because I am not part of the team and only the team knows if they are scamming people or not, and not like they will come out and say that they are scamming people neither, which means we could never know until it scams people. But I can say that they are actually working on something, they are really putting an effort on it, do they deserve to be that high?

I believe they shouldn't be, they are definitely a top 50 coin easily, could even be said top 30 or so as well, but top 10? I am not entirely sure and probably will go down anyway. However just because they go down a bit, to like 20th or whatever doesn't mean they are bad, it just means there is a hype around it now that will die down, even if they are totally legit and keep working on it.

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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

shoreno

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Quote from: sangjoewara on September 10, 2020, 06:43:54 AM

Quote from: FinneysTrueVision on September 09, 2020, 09:57:13 PM

Polkadot was created by Ethereum co-founder Gavin Wood. This does not look like just another money grab to me. I think they are trying to build a better smart contract platform.

If Polkadot was created by one of the Ethereum founders it means that the two of them will not compete directly with each other, but the competition will occur indirectly in the market when Polkadot is listed on the market.

Did the guy said that officially ? If not then there could be a different story why he created dot . I have witnessed a story before were a worker betray thier co workers or they were treated badly with their co workers resulting for them to quit and build their own creation . Maybe that story can also apply to them . And also what do you mean by indirect competition ? The coin is already at the 7th place and soon itl pass the position of eth or worst btc . That looks like a real competition we got here

ethereumhunter

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I am a bit surprised to see that coin can replace the other position because, as newcomers in the crypto world, that coin can lift the position. And with the price is not too high to buy, I think this coin has attracted people to invest in that coin. But related to the scam, I don't have any idea if the dot will end as the other scam coins. We just need to be careful if we decide to invest in the dot, and make sure that you already research the project. I think if that coin can still increase at the market, maybe the position will be lifted too.

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I was surprised when I got to see the performance of polkadot project in recent times. The project no doubt has been doing so well, but that doesn't warrant its being tagged a scam. What determines how successful a project could be is much more than acceptability and duration of existence. DOT token in my opinion is a good project and worth considering for hold.

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Quote from: FinneysTrueVision on September 09, 2020, 09:57:13 PM

Polkadot was created by Ethereum co-founder Gavin Wood. This does not look like just another money grab to me. I think they are trying to build a better smart contract platform.

If Polkadot was created by one of the Ethereum founders it means that the two of them will not compete directly with each other, but the competition will occur indirectly in the market when Polkadot is listed on the market.

judeafante

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Quote from: FinneysTrueVision on September 09, 2020, 09:57:13 PM

Polkadot was created by Ethereum co-founder Gavin Wood. This does not look like just another money grab to me. I think they are trying to build a better smart contract platform.

People are attracted and likely to support projects that are run or managed by reputable developers than unknown developers and since Gavin Wood is behind this, it's not surprising that it is generating support, I will not consider this as a scam because it's still a work in progress and although there is a huge drop, it's not the only one dropping majority are dropping, let them prove themselves why they are on the top 10.

niksdt101

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Polkadot seems to be good project and some where even saying it may challenge ETH. Only time can tell its a good one or not . Too many projects coming up these days .

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Quote from: masterrex on September 10, 2020, 05:08:31 AM

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.

darktor

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Quote from: masterrex on September 10, 2020, 05:08:31 AM

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.

Yes every month a crypto news suddenly pops up out of nowhere on the top, Cosmos was a good project but the boss and gone. Shocked

No wallet ledger soon in the future will he be staking? Polkadot?

masterrex

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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.

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Quote from: wowz2010 on September 10, 2020, 04:51:33 AM

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?

It looks more like a EOS project and its history started quite similar.
I bet there was a private presentation among whale investors and they agreed on buying out a lot of DOT coins.
And imagine knowing that good project will start in X days/weeks before anyone, buying coins for $1-$2 and now its above $4 so at least 200% profit for those investors and we can see they're not cashing out just yet.

Until the day when they will collect the money, the coin will therefore risk falling? it is similar to Algorand the price was very expensive for an auction then the investors in sold their coins and the crypto to start to descend downwards

wowz2010

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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?

It looks more like a EOS project and its history started quite similar.
I bet there was a private presentation among whale investors and they agreed on buying out a lot of DOT coins.
And imagine knowing that good project will start in X days/weeks before anyone, buying coins for $1-$2 and now its above $4 so at least 200% profit for those investors and we can see they're not cashing out just yet.

darktor

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Quote from: target on September 09, 2020, 04:10:21 PM

Well the pink dot itself is very sexy and enough reason for me to invest in it. Its also funded by Web3 Foundation that upon thier IEO they collected $140M. Its no wonder that in the very early stage of its market its been added to top exchanges so why bother even thinking if its a scam, just join the hype. Before CMC added it on the top 7th, coingecko had already added it on the top 5.

They are not like papers though AFAIK they did released their mainnet already. And DOT offers solution to both interoperability and scalability though so thats one thign that investors might just be investing.

Precisely that is why it is in the top to invest.

Quote from: int03h on September 09, 2020, 08:31:44 PM

Nothing is impossible, Tezos and EOS used to be in the TOP 10 when the source code was still in development. There are no clear products yet and the value is temporary. At least Polkadot already has a few projects working on its platform.

So it's almost a repetitive who wants to outperform ethereum? so he increases their capitalization to attract investors.

Quote from: FinneysTrueVision on September 09, 2020, 09:57:13 PM

Polkadot was created by Ethereum co-founder Gavin Wood. This does not look like just another money grab to me. I think they are trying to build a better smart contract platform.

So it's still a crypto that wants to outperform ethereum? with almost the same function as ethereum, too bad this is not a new operation.

Quote from: AmoreJaz on September 09, 2020, 10:56:24 PM

Quote from: FinneysTrueVision on September 09, 2020, 09:57:13 PM

Polkadot was created by Ethereum co-founder Gavin Wood. This does not look like just another money grab to me. I think they are trying to build a better smart contract platform.

when you browse their website, seems that they are really working on this platform. not a scam in my opinion. they have real technology in the making here. also, you can check the teams building on polkadot and they have good list also including popular projects oceanprotocol and chainlink.
their position is justifiable from my end. but if you are a serious investor, you need to open your eyes for what this project is working on.

Yes it's a nice project but I find it a shame that they artificially increased the capitalization to outperform the other projects why not just do it correctly like bitcoin at the start?

I am undecided to invest at the moment Embarrassed

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Quote from: FinneysTrueVision on September 09, 2020, 09:57:13 PM

Polkadot was created by Ethereum co-founder Gavin Wood. This does not look like just another money grab to me. I think they are trying to build a better smart contract platform.

when you browse their website, seems that they are really working on this platform. not a scam in my opinion. they have real technology in the making here. also, you can check the teams building on polkadot and they have good list also including popular projects oceanprotocol and chainlink.
their position is justifiable from my end. but if you are a serious investor, you need to open your eyes for what this project is working on.

FinneysTrueVision

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Polkadot was created by Ethereum co-founder Gavin Wood. This does not look like just another money grab to me. I think they are trying to build a better smart contract platform.

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Quote from: int03h on September 09, 2020, 08:31:44 PM

Nothing is impossible, Tezos and EOS used to be in the TOP 10 when the source code was still in development. There are no clear products yet and the value is temporary. At least Polkadot already has a few projects working on its platform.

Did you watch the development progress that have already made by EOS and TEZOS? I did but both were creating useful product (repetitive). The problem was the products that created by them are not 100% perfect. A new platform has used the new mechanism to make it looks different than other and that makes people will be quite difficult to follow that.

KUSAMA is also a part of the DOT ecosystem too. DOT is getting hyped and it can be the reason why DOT can enter top 10. If you are comparing the price before the redomination and it's only 6x

int03h

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Nothing is impossible, Tezos and EOS used to be in the TOP 10 when the source code was still in development. There are no clear products yet and the value is temporary. At least Polkadot already has a few projects working on its platform.

target

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Well the pink dot itself is very sexy and enough reason for me to invest in it. Its also funded by Web3 Foundation that upon thier IEO they collected $140M. Its no wonder that in the very early stage of its market its been added to top exchanges so why bother even thinking if its a scam, just join the hype. Before CMC added it on the top 7th, coingecko had already added it on the top 5.

They are not like papers though AFAIK they did released their mainnet already. And DOT offers solution to both interoperability and scalability though so thats one thign that investors might just be investing.

Topic: How does Polkadot crypto come to 7th position? is a scam? - page 4. (Read 964 times)