Topic: Is it good to invest Dot for long term? What are your thoughts about Polkadot? (Read 270 times)
August 16, 2022, 01:27:09 PM
No doubt Dot is a good potential coin and a lot of investors or traders believe in the Polkadot. If we see the ATH of Dot coin we can buy it now its comparatively cheaper if we see the ATH. Investing in a Dot is a good idea but the current market condition is not clear whether the market will rise or we will see another dump so If you want to buy do only partial buying.
August 10, 2022, 01:55:52 PM
Dot is a good choice to make investment for lengthy time period. By investing for long term first of all you will reduce your risk of loss and you will save your money. you will also get benefit by investing in such a successful token that can double your profit. The price of dot will be increasing and those who are making investment or trading will be victorious.
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August 10, 2022, 08:05:55 AM
So I have been reading about this Polkadot para chain for the last couple of days. I can see this Polkadot is massively grown parachain and there is much more to come. Sp Dot price now is at a good point. So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
You can invest in DOT and use the DCA strategy to buy at a wide range of low prices. But you have to remember that the DOT price follows the BTC price movement so if you want to buy DOT, make sure to buy it when the DOT price is decreasing. If you wait until the breakout, I think you might be late to buy it because the situation has changed. Maybe my advice is to buy it when the BTC price is correcting because there is a possibility that the DOT price will also decrease and sometimes the price can drop drastically. 
August 10, 2022, 05:48:52 AM
some time ago Polkadot was famous for its incubator, where the average project there was always successful in sales. But I don't think it ends there, I group the dot together with SOL, BNB. They have the same great potential, of course it's great to put money there. This is just my personal opinion, it is based on my research, I am not a financial advisor.
August 10, 2022, 05:00:36 AM
Mining has a long investment cycle. I think those who want to invest for a long time can participate in DOT deposit mining activities. If you are looking for short-term returns, I think it is not suitable.
August 10, 2022, 02:38:50 AM
So I have been reading about this Polkadot para chain for the last couple of days. I can see this Polkadot is massively grown parachain and there is much more to come. Sp Dot price now is at a good point. So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
If you were to ask crypto enthusiasts about Polkdot, they would describe it as a multichain or a blockchain of blockchains if you posed the question them. which will prompt you to respond ok right.
Polkadot is a multi chain application environment that enables cross chain interoperability at a level that was previously unfathomable Investing in DOT is extremely valuable for securing the future to be more specific plokadot enables users to exchange a wider variety of data than just coins between blockchains . These networks are now able to transfer actual data thanks to Polkadot.
July 25, 2022, 02:34:22 PM
So I have been reading about this Polkadot para chain for the last couple of days. I can see this Polkadot is massively grown parachain and there is much more to come. Sp Dot price now is at a good point. So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
In my opinion Polkadot is one of the best altcoins out of the many altcoins in the crypto market. and if you have learned a lot about Polkadot then there is nothing wrong if you invest in Polkadot because polkadot is an altcoin that has good projections in the future. however for now in bear market conditions very many altcoins have lost direction and value. Hopefully in the future they will return their value.
July 24, 2022, 10:29:24 PM
actually polkadot is a good coin to be an investment asset and managed to become the most popular coin in the crypto asset market, this makes polkadot one of the crypto assets with the largest market capitalization in the world.
In early 2021, the polkadot token was once the fourth largest coin in terms of market cap. The polka dot market cap at that time was US$13.45 billion, a sharp rise in the polkadot price by about 50% in seven days, pushing its market cap to peak levels.
as for the main reason behind the upward trend of polkadot. namely the strong technical market structure, anticipation of the scalable polkadot blockchain network, market interest in DeFi projects and optimism of crypto asset users who strongly believe in the reliability of the Polkadot blockchain system and the upgrade of the Polkadot blockchain “branch”, called parachain.
The enthusiasm of crypto asset lovers for polkadot has actually grown since December 2021, where the price reached its highest point of around US$11. since that period, the coin has continued to see strong momentum and a strong recovery in key support areas.
In early 2021, the polkadot token was once the fourth largest coin in terms of market cap. The polka dot market cap at that time was US$13.45 billion, a sharp rise in the polkadot price by about 50% in seven days, pushing its market cap to peak levels.
as for the main reason behind the upward trend of polkadot. namely the strong technical market structure, anticipation of the scalable polkadot blockchain network, market interest in DeFi projects and optimism of crypto asset users who strongly believe in the reliability of the Polkadot blockchain system and the upgrade of the Polkadot blockchain “branch”, called parachain.
The enthusiasm of crypto asset lovers for polkadot has actually grown since December 2021, where the price reached its highest point of around US$11. since that period, the coin has continued to see strong momentum and a strong recovery in key support areas.
July 24, 2022, 10:15:07 PM
So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
Just to remind you that if any bottom must become the best time to invest. How can you know when the break out will be happening? I meant it's quite impossible to accurately predicted when the break out will be happening with DOT. You must also realize the fact that if this time DOT is at the bottom of its price. Starting to invest in this coin might be a good choice. If you are always trying to DCA and you may miss another bottom.
You didn't even predict if bitcoin can also increase anytime. This will be triggering the pump to the DOT as well.
July 24, 2022, 10:13:15 PM
So I have been reading about this Polkadot para chain for the last couple of days. I can see this Polkadot is massively grown parachain and there is much more to come. Sp Dot price now is at a good point. So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
in recent year DOT had been making noise towards this but eventually after 2021 this coin starts dumping and now continuously lowering though it stays at top 10 yet there are no even good move recently.but if you wanted to trust this for long term? then why not invest part of your funds and never go big for this one..
July 24, 2022, 07:36:12 PM
Polkadot is indeed a good coin but I don't think there is a crypto that can last forever and even the mightiest coins which are btc and eth, will still end up on the same path, they can also disappear soon. We are in a bear and people are actually focused on here now that prices are likely to dump more but other than that, they are also waiting for a recovery because many of them wants to sell badly.
Pandemic and Russian-Ukraine war are not strong as before but the inflation, yes this was one of the latest issues we are facing now. OP is kinda late to discover dot as this coin was overly hyped before but still, it's better to be late than later or never.
Pandemic and Russian-Ukraine war are not strong as before but the inflation, yes this was one of the latest issues we are facing now. OP is kinda late to discover dot as this coin was overly hyped before but still, it's better to be late than later or never.
You've said it yourself. Nothing lasts forever. Bitcoin, as well as any other cryptocurrency, can disappear if a new technology proves to be superior than Blockchain. Times are changing at a fast pace, so how long crypto will last would greatly depend on its ability to stay one step ahead of the game. Polkadot may be an altcoin, but it's certainly no "shitcoin". There are dedicated developers providing concrete results to make Polkadot a strong cryptocurrency project that will stand the test of time. Gavin Wood is behind it, so it's likely Polkadot will grow alongside Ethereum for many generations.
I'd say this bear market is the perfect opportunity to buy as much "top-tier" coins at a discount. DOT should be on your investment portfolio, as well as, Bitcoin, Ethereum, Cardano, and BNB. Once the BTC halving occurs within the next 2 years, it's likely market prices will rebound back to the way they were. Maybe BTC will reach a new All-time-high in price, having a positive effect over DOT and other altcoins as well. Crypto is unpredictable at times, so I'd advise you to diversify your investment just to be safe. Just my thoughts
July 21, 2022, 01:49:08 PM
Polkadot has the fundamentals to become an ever-lasting cryptocurrency project. It's just that people aren't that focused into crypto right now. The world is focused on the pandemic, inflation, and the on-going Russia-Ukraine crisis. Until everything goes back to normal, major crypto assets' prices won't show any indication of going up anytime soon. That includes Polkadot which usually moves according to Bitcoin's market behavior just like the rest of the other altcoins. It's a smart contract platform like Ethereum, so it has all it takes to become a true winner in the space.
I'd take advantage of this opportunity to buy and stake more DOT before the market explodes again. Who knows if you become rich in the future by doing this? Just my thoughts
Polkadot is indeed a good coin but I don't think there is a crypto that can last forever and even the mightiest coins which are btc and eth, will still end up on the same path, they can also disappear soon. We are in a bear and people are actually focused on here now that prices are likely to dump more but other than that, they are also waiting for a recovery because many of them wants to sell badly.I'd take advantage of this opportunity to buy and stake more DOT before the market explodes again. Who knows if you become rich in the future by doing this? Just my thoughts
Pandemic and Russian-Ukraine war are not strong as before but the inflation, yes this was one of the latest issues we are facing now. OP is kinda late to discover dot as this coin was overly hyped before but still, it's better to be late than later or never.
July 18, 2022, 10:29:51 PM
Have not checked about it in detail but could say if you want to hold them for short term and make profits out of it then it's best but in long run if they didn't come up with new developments then it might get down the list on CMC so check for it and what graphs say about it and then invest after all the research.
My personal opinion is that Dot is better suited to long term goals than short term goals. Dot is not as strong as Eth, but it shares a lot of similarities with Eth in terms of its long-term potential.
There is no doubt that Dot is a good coin worth holding, but in crypto everything is unpredictable, so it is recommended that you do your research and do not invest money you do not intend to lose.
July 18, 2022, 09:42:42 PM
Polkadot is a potential project as many people say, with fast growth with a developed chain, as for long-term investment I think it's good because Polkadot is included in a big project at Marketcap, if this is your investment plan it's good for the long term long, but if you want to do with DCA it's up to you for sure you already know the risks that will be faced and of course you have done research on this.
Right now I have no plans to add it to the Portfolio because for me I focus on other things after what I research, so I'm still DYOR.
Right now I have no plans to add it to the Portfolio because for me I focus on other things after what I research, so I'm still DYOR.
Polkadot has the fundamentals to become an ever-lasting cryptocurrency project. It's just that people aren't that focused into crypto right now. The world is focused on the pandemic, inflation, and the on-going Russia-Ukraine crisis. Until everything goes back to normal, major crypto assets' prices won't show any indication of going up anytime soon. That includes Polkadot which usually moves according to Bitcoin's market behavior just like the rest of the other altcoins. It's a smart contract platform like Ethereum, so it has all it takes to become a true winner in the space.
I'd take advantage of this opportunity to buy and stake more DOT before the market explodes again. Who knows if you become rich in the future by doing this? Just my thoughts
July 17, 2022, 09:17:40 AM
Polkadot is a potential project as many people say, with fast growth with a developed chain, as for long-term investment I think it's good because Polkadot is included in a big project at Marketcap, if this is your investment plan it's good for the long term long, but if you want to do with DCA it's up to you for sure you already know the risks that will be faced and of course you have done research on this.
Right now I have no plans to add it to the Portfolio because for me I focus on other things after what I research, so I'm still DYOR.
Right now I have no plans to add it to the Portfolio because for me I focus on other things after what I research, so I'm still DYOR.
July 17, 2022, 08:59:42 AM
...So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
When a person like James Woods is behind the project, there is no doubt about the success of the coin. And now the market has given us a great opportunity to buy Dot at a reduced price. And if the price of the coin continues to decline, then you will be able to continue shopping, getting a good average price for the coin.
July 17, 2022, 02:07:35 AM
So I have been reading about this Polkadot para chain for the last couple of days. I can see this Polkadot is massively grown parachain and there is much more to come. Sp Dot price now is at a good point. So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
Polka Dot was on the list of good coins and I was happy to invest in it. Earlier when Polka Dot was priced at $6. then i bought and hold it. and i sold it for $20. But again the price of DOT dropped to $7. I think it will go up again as the market improves. I will not tell you to invest here. But I will say that maybe it can give a big profit. Do your own research before invest on it July 17, 2022, 01:59:35 AM
So I have been reading about this Polkadot para chain for the last couple of days. I can see this Polkadot is massively grown parachain and there is much more to come. Sp Dot price now is at a good point. So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
Please make it clear to yourself how much profit you will want to make with it, as I see opportunities with DOT in the long run, but it is clear that an investor can get nothing if they are not clear along the way. invest. For someone who got hold of them early, I feel satisfied after a period of companionship, and now it is not a priority that I choose, but with what has been and is happening, I have to admit that it's so good. 
July 16, 2022, 05:43:36 PM
Have not checked about it in detail but could say if you want to hold them for short term and make profits out of it then it's best but in long run if they didn't come up with new developments then it might get down the list on CMC so check for it and what graphs say about it and then invest after all the research.
It’s better to check from time to time since usually top coins become more stagnant and forget to have a good update so the investors can stay. DOT is still a good coin right now, but in the future its hard to tell. Just set up your target price and sell when you’re already happy. I’ll also advice to analyze further, know your budget and see if you can hold for that long before buying. You should not hold just because of any hype, this is already a big coin, probably very limited update left.Since bad things happened to LUNA, we should really be much more careful when deciding to invest in top coins. Although in the meantime, it can be said
that Polkadot is among the top coins which are still feasible as an option for investment. But there is no guarantee that Polkadot has a bright future,
so it's better if we analyze Polkadot's movements regularly, we also don't make Polkadot the choice for long-term investment. I prefer Polkadot for
short term investment, meaning if the price of Polkadot goes up, we should immediately sell it to get profit from Polkadot. Don't be too obsessed with
profits that are too big, because we don't want what happened to LUNA to happen to Polkadot too, because we will never know what will happen in the future.
July 16, 2022, 05:33:47 PM
The parachain concept is new thing and it is supposed to make a big change in the network when complete implementation without flaw is done. However in between it'll encounter different issues and more competence can be felt from the other altcoins on the top order. In all parameters these are potential altcoins, which means these are low risk altcoins. So adding it to the portfolio for long term profiting will give good return.
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