Topic: Polkadot [DOT] is a bad investment because it has unlimited inflation! - page 2. (Read 695 times)
June 21, 2021, 10:48:11 PM
Having an unlimited supply is a very bad argument for not investing in a cryptocurrency. Monero and Ethereum also have an unlimited supply. Poldadot can just change the inflation rate because they have centralized authority like Ethereum. They can change their inflation policy whenever they want. 10% max inflation rate is not too bad. When you look at the countries you mentioned (Venezuela, Turkey, and Argentia) they have inflation rates of hundreds or even thousands of percent.
June 21, 2021, 08:03:43 PM
I see Polkadot often mentioned as a good coin when people are asking for DeFi plaforms. But Polkadot is not a good coin, I found out after some research.
Please be caution, when you buy coins because coins are often praised and not mentioned about disadvantages.
Here is why Polkadot is a bad coin for an investment:
- Polkadot hat unlimited inflation, means, Polkadot has not a fixed supply where we know how many coins will be produced.
Please be caution, when you buy coins because coins are often praised and not mentioned about disadvantages.
Here is why Polkadot is a bad coin for an investment:
- Polkadot hat unlimited inflation, means, Polkadot has not a fixed supply where we know how many coins will be produced.
Yes it's true that polkadot has unlimited supply but that fact alone does not mean that it is a bad coin to invest into.
Look at Bitcoin, it has achieved a very big price because it is 100% capped.
People will soon find out, which coins are similar to Bitcoin (no inflation) but offer better tech.
There are other coins out there that have an unlimited supply that are still doing well like Dogecoin and also Siacoin.
Dogecoin is not really a coin of a special infrastructure, like Ethereum or Avalanche. So i think polkadot will do well in the future even with unlimited supply.
No chance, you can't beat laws of market. Market always wins. If you print a trillion USD, it will give huge inflation at some point. No way to prevent it.
Look at Bolsonaro.
June 16, 2021, 10:14:07 PM
I see Polkadot often mentioned as a good coin when people are asking for DeFi plaforms. But Polkadot is not a good coin, I found out after some research.
Please be caution, when you buy coins because coins are often praised and not mentioned about disadvantages.
Here is why Polkadot is a bad coin for an investment:
- Polkadot hat unlimited inflation, means, Polkadot has not a fixed supply where we know how many coins will be produced.
Proof:
https://bisontrails.co/polkadot-token-economics/
What is inflation any why is inflation so bad?
Inflation is produced if always new coins or monetary supply is created. Everyone's coins or money will lose value because more coins are created.
It is what is happening in Turkey, in Argentina or in Venezuela, when money is printed. All circulating money is losing value when new monetary supply is printed.
Inflation is a big reason why Bitcoin exists and is so successful! Bitcoin will always have 21 Millions of coins, even in 50 or 100 years. Bitcoin is a great store of value!
Polkadot is opposite, it's a coin of inflation (proof: see picture above). It has no limited supply and every year, always more coins will come into circulation. magine what happens in 50 or 100 years? Polkadot will have a huge inflation
People will know more about inflation coins, when time passes but we can see it already here today if we are wise: some coins are a very good store of value (Bitcoin) and some coins are a very bad store of value (Polkadot).
When Polkadot is always mentioned, marketing persons who are pushing Polkadot are never mentioned about Polkadot's inflation!
But which coin can we buy instead of Polkadot?
What should we invest instead if we want a DeFi coin but want to avoid Polkadot, because it's not a store of value?
We can choose Avalanche [AVAX]. It is also a DeFi coin but has a capped supply of 720 Million coins:
https://medium.com/avalanche-hub/comparison-between-avalanche-cosmos-and-polkadot-a2a98f46c03b
Keep in mind when you buy a coin! Always research about inflation or if it's a store of value!
Even Dogecoin has huge inflation! Dogecoin is also not a store of value.
Please be caution, when you buy coins because coins are often praised and not mentioned about disadvantages.
Here is why Polkadot is a bad coin for an investment:
- Polkadot hat unlimited inflation, means, Polkadot has not a fixed supply where we know how many coins will be produced.
Proof:
https://bisontrails.co/polkadot-token-economics/
What is inflation any why is inflation so bad?
Inflation is produced if always new coins or monetary supply is created. Everyone's coins or money will lose value because more coins are created.
It is what is happening in Turkey, in Argentina or in Venezuela, when money is printed. All circulating money is losing value when new monetary supply is printed.
Inflation is a big reason why Bitcoin exists and is so successful! Bitcoin will always have 21 Millions of coins, even in 50 or 100 years. Bitcoin is a great store of value!
Polkadot is opposite, it's a coin of inflation (proof: see picture above). It has no limited supply and every year, always more coins will come into circulation. magine what happens in 50 or 100 years? Polkadot will have a huge inflation
People will know more about inflation coins, when time passes but we can see it already here today if we are wise: some coins are a very good store of value (Bitcoin) and some coins are a very bad store of value (Polkadot).
When Polkadot is always mentioned, marketing persons who are pushing Polkadot are never mentioned about Polkadot's inflation!
But which coin can we buy instead of Polkadot?
What should we invest instead if we want a DeFi coin but want to avoid Polkadot, because it's not a store of value?
We can choose Avalanche [AVAX]. It is also a DeFi coin but has a capped supply of 720 Million coins:
https://medium.com/avalanche-hub/comparison-between-avalanche-cosmos-and-polkadot-a2a98f46c03b
Keep in mind when you buy a coin! Always research about inflation or if it's a store of value!
Even Dogecoin has huge inflation! Dogecoin is also not a store of value.
I tend to agree with the op here. Endless supply and no max is bad for crypto. Bitcoin was created to eliminate money printing which endless block rewards or inflation still is.
June 16, 2021, 08:30:27 PM
Yesterday list on coinbase I thought it Will pump hard. but at the end of the day, I saw dumped hard. i was hard too much for the situation. I think the owner will be published some updates then the investment can get back by good profit.
that's a pump and dump scheme and no more. The inflation will be giving a long term impact and it's not a short term impact. Coinbase listing just another short hype. You can take how the fiat money became worthless due to the inflation. Once the coin without any hardcap will be facing this and people have no interest to buy it other than use it as a gambling. Crypto becomes a popular trend and that's some some coins without any hardcap supply gone to the moon.
June 16, 2021, 08:40:22 AM
Ethereum also has unlimited inflation for now.
10% per year is not critical, given that more than 300 projects are already being tested in this ecosystem.
Inflation can be reduced if the community decides to lower the staking reward.
Endless inflation didn’t prevent even Dogecoin from making X100
10% per year is not critical, given that more than 300 projects are already being tested in this ecosystem.
Inflation can be reduced if the community decides to lower the staking reward.
Endless inflation didn’t prevent even Dogecoin from making X100
That is good point. That is how crypto space can surprise you. Who knew DOGE would have market cap of multi-billions though it has unlimited supply. On the other hand the project of POLKADOT does states that it would 10% max if the staking limit reaches to 50%. This must have been set to balance out the whole ecosystem. Otherwise anyone staking beyond that could control the market IDK (?).
True about ETH as zasad@ suggested up here. If the coin has utility, then it will work out the math automatically.
June 16, 2021, 08:36:33 AM
Dogecoin and ethereum too have the unlimited supply but they are considered as good coin in the crypto community which really shows that investors don't really look at the technology of the project, they just want to make profits with all those hype and will run away when it ends.
June 16, 2021, 08:19:29 AM
Yesterday list on coinbase I thought it Will pump hard. but at the end of the day, I saw dumped hard. i was hard too much for the situation. I think the owner will be published some updates then the investment can get back by good profit.
I believe in DOT. Don't worry too much about inflation that can occur in the market due to supply. It all depends on how the market responds to DOT in the market. when there is an update and all of that is supported by the market community then pump in a long rally can happen. June 16, 2021, 07:40:33 AM
Yesterday list on coinbase I thought it Will pump hard. but at the end of the day, I saw dumped hard. i was hard too much for the situation. I think the owner will be published some updates then the investment can get back by good profit.
June 15, 2021, 09:46:08 AM
To be honest with you all, I am not worried about the inflation. I am checking the technology behind the coin. If you notice recently, Bitcoin has processed 3 transactions/second and Ethereum has processed 15 transactions/second. For me, this definitely is an indicator that there is a scalability issue that both these cryptocurrencies face. Polkadot claims it is top notch in terms of scalability. It is worth mentioning that as per the devs of this coin, Polkadot’s parachains enable faster processing of transactions in parallel. This then boosts throughput. It is said that the first parachains will launch later this year, which can process 1 million transactions/second. So with such attractive prospect, investors will be moving away from Bitcoin and Ethereum and will be investing in Polkadot.
June 15, 2021, 07:36:55 AM
Maybe he doesn't understand inflation, but I don't think it will be a problem because he will find out on his own, but on this occasion I want to ask about the unlimited supply of Ethereum, how the price of Ethereum can stay at such a high rate large if the supply is unlimited ?
It is obvious that a large number of ETH are on the wallets of holders without movement for many years. One of the major holders is Vitalik Buterin - 365 thousand ETH. In addition, a large amount of ETH was blocked on the Ethereum-2.0 deposit contract https://launchpad.ethereum.org/en/ - 5.5 million ETH, which is approximately 5% of the Circulating Supply.
June 15, 2021, 06:19:05 AM
And lets not forget about eth with an infinity supply as well, dot is not the only coin that will increase in supply as the time passes, eth has infinity supply and it doesn't stop the price from getting to the peak, what matters most is having the right tool (i.e the strong fundamental) to push the project forward, polkadot chain is gaining attention from different dev too, the platform is growing, which is the most important.
There is a good amount of them, doge, eth, cake, there are tons of things that are unlimited, I am not sure about bnb but by the looks of it they are burning anyway. There are many others, just because something is unlimited doesn't mean that it will never be good, it could be good and all these projects are the proof of it. However one thing is for sure, we are talking about something not as great as those names.Dot is a brand new thing considering it hasn't been even a year since it started and people are assuming it is great because of its position.
Look at BCH and BSV and where they are right now one of them was 3rd and the other was 4th at some point, right now one of them is 11th and the other is 32nd. This is proof enough that if you are not careful then your coin will go down and will not be like the others and that happened to many other coins too. Dot is doing fine now, but it needs to keep doing fine or it could be lower and lower.
June 15, 2021, 05:26:10 AM
Don't you even bother to read the title of this thread?
Unlimited inflation = no hardcap and that means the coin will be minted more and more. that will give a pressure on the market just like ethereum with its unlimited supply.
Ethereum can become the best example of how the unlimited supply will bring the price to be stuck in the same position. I guess you must try to browsing some literatures about the inflation.
Maybe he doesn't understand inflation, but I don't think it will be a problem because he will find out on his own, but on this occasion I want to ask about the unlimited supply of Ethereum, how the price of Ethereum can stay at such a high rate large if the supply is unlimited ? Unlimited inflation = no hardcap and that means the coin will be minted more and more. that will give a pressure on the market just like ethereum with its unlimited supply.
Ethereum can become the best example of how the unlimited supply will bring the price to be stuck in the same position. I guess you must try to browsing some literatures about the inflation.
June 15, 2021, 05:19:15 AM
Polkadot seems to be not a good coin for long-term investment.
Why do you say Polkadot is not suitable for long term investment? try to give a complete review because what I see Polkadot already has progress even though it is still inferior to the others when compared.Unlimited inflation = no hardcap and that means the coin will be minted more and more. that will give a pressure on the market just like ethereum with its unlimited supply.
Ethereum can become the best example of how the unlimited supply will bring the price to be stuck in the same position. I guess you must try to browsing some literatures about the inflation.
Is that even matter? I don't think so by seeing doge give more than 15000%. Investors actually don't care about max supply. The Crypto market is heavily manipulated by big whales who can make a shit project with an unlimited supply. Every minute 10,000 more doge is coming to the market and it still raising up. Dot is a far better place than doge.
DOGECOIN and ETH are probably some real examples of projects with a successful market but an unlimited supply. DOT may be able to make ethereum-like developments in the future such as the launch of ethereum 2.0. I still believe DOT is not a bad asset to invest in. because the crypto market cannot be determined like the USD or EURO money market.
probably by far, BTC and BNB are the best assets with asset management that will always decrease over time.
Why does it always decrease over time on BTC and BNB ? Isn't every product whose supply is limited, the price will always increase if the demand for it increases every year? because now there are plenty of examples for everyone in the crypto space to see.probably by far, BTC and BNB are the best assets with asset management that will always decrease over time.
There is some project that has the ability to increased or decreased with supply and demands. Like AMPL and BASE are the two best examples I think.
June 15, 2021, 04:53:13 AM
It's much similar to Ethereum where the inflation would be of a controlled manner just to make sure the coins are being circulated. It actually don't make sense for a utility token like Ethereum or Polkadot to have a finite supply. As the use and users increases, the demand would itself drive the price high while with increasing number, the marketcap would get higher. With chances of adjustment, the deflation could be increased or decreased depending on the situation.
Or a team can set a finite supply and make change in protocol to mint more tokens. I think a transparent infinite supply at the launch and in the Protocol is better. It brings the transparency and investors can believe in the team. It is easier to burn tokens rather than mint more. Minting more brings inflation and changes in Protocol that bring higher inflation is bad.Yes it's true that polkadot has unlimited supply but that fact alone does not mean that it is a bad coin to invest into. There are other coins out there that have an unlimited supply that are still doing well like Dogecoin and also Siacoin. I mean if i was a Polkadot holder and if someone would ask me then i would also wanted the supply to be limited and even some regular burns on top so that the coins i own become more valuable automatically. Even though polkadot has an unlimited supply and i would think that most people know about that, it is already very popular and a lot of new projects are based on polkadot and want to apply for a parachain spot. So i think polkadot will do well in the future even with unlimited supply.
Polkadot is promoted by their team as the alternative or the Ethereum killer. One of their core developers are former-Ethereum developer.Polkadot is better and has very higher value, quality than Dogecoin or Siacoin. With Polkadot, you only need to have patience and time. The market will do the rest things for you, of course it need good developments from developers and massive PRs.
June 15, 2021, 04:33:44 AM
I see Polkadot often mentioned as a good coin when people are asking for DeFi plaforms. But Polkadot is not a good coin, I found out after some research.
Please be caution, when you buy coins because coins are often praised and not mentioned about disadvantages.
Here is why Polkadot is a bad coin for an investment:
- Polkadot hat unlimited inflation, means, Polkadot has not a fixed supply where we know how many coins will be produced.
Please be caution, when you buy coins because coins are often praised and not mentioned about disadvantages.
Here is why Polkadot is a bad coin for an investment:
- Polkadot hat unlimited inflation, means, Polkadot has not a fixed supply where we know how many coins will be produced.
Yes it's true that polkadot has unlimited supply but that fact alone does not mean that it is a bad coin to invest into. There are other coins out there that have an unlimited supply that are still doing well like Dogecoin and also Siacoin. I mean if i was a Polkadot holder and if someone would ask me then i would also wanted the supply to be limited and even some regular burns on top so that the coins i own become more valuable automatically. Even though polkadot has an unlimited supply and i would think that most people know about that, it is already very popular and a lot of new projects are based on polkadot and want to apply for a parachain spot. So i think polkadot will do well in the future even with unlimited supply.
June 15, 2021, 04:02:38 AM
It's much similar to Ethereum where the inflation would be of a controlled manner just to make sure the coins are being circulated. It actually don't make sense for a utility token like Ethereum or Polkadot to have a finite supply. As the use and users increases, the demand would itself drive the price high while with increasing number, the marketcap would get higher. With chances of adjustment, the deflation could be increased or decreased depending on the situation.
June 15, 2021, 03:35:39 AM
Unlimited inflation = no hardcap and that means the coin will be minted more and more. that will give a pressure on the market just like ethereum with its unlimited supply.
Ethereum can become the best example of how the unlimited supply will bring the price to be stuck in the same position. I guess you must try to browsing some literatures about the inflation.
Ethereum or Binance token BNB can be a best example that a team can make a big chance, by burning like BNB or by changes in a protocol like Ethereum.Ethereum can become the best example of how the unlimited supply will bring the price to be stuck in the same position. I guess you must try to browsing some literatures about the inflation.
Price will be stucked because people don't have belief in growth with infinite total supply and inflation but only a good move from the internal team will change everything. You will never know when the internal team of Polkadot project will make it.
June 14, 2021, 10:54:24 PM
Polkadot seems to be not a good coin for long-term investment.
Why do you say Polkadot is not suitable for long term investment? try to give a complete review because what I see Polkadot already has progress even though it is still inferior to the others when compared.Unlimited inflation = no hardcap and that means the coin will be minted more and more. that will give a pressure on the market just like ethereum with its unlimited supply.
Ethereum can become the best example of how the unlimited supply will bring the price to be stuck in the same position. I guess you must try to browsing some literatures about the inflation.
June 14, 2021, 01:46:45 PM
Doge also have no limited supply. DOT young project, but many exchange already listed it. The last one EXMO.
And lets not forget about eth with an infinity supply as well, dot is not the only coin that will increase in supply as the time passes, eth has infinity supply and it doesn't stop the price from getting to the peak, what matters most is having the right tool (i.e the strong fundamental) to push the project forward, polkadot chain is gaining attention from different dev too, the platform is growing, which is the most important.
June 14, 2021, 01:46:10 PM
I tend to think in another way, which is, for a coin like DOT to reach the rank of top 10 on coinmarketcap means the team must have being doing something great which their community and investors saw, believed in them hence the value it has today. Also, I tend to believe that by reaching such height, the team will only keep working hard in order to ensure they maintain a good competitive advantage over others hence maintaining a good rank as well. This also means that, anything that will threaten the success of the platform, the team and community (if possible) will also make sure it is taken care of, because in this crypto space, once a project starts lagging behind, it is left behind.
So in other words, this issue of inflation, if it will be an issue, it will be taken care of because no one will stand and watch his investment or platform fall from such a height.
Nevertheless, one can never be too careful, so once you feel like the idea behind joining the first time isn't there anymore, or the team have lost touch of what they ought to be doing, then one can let go, moreover there are many other good platforms in the crypto space.
So in other words, this issue of inflation, if it will be an issue, it will be taken care of because no one will stand and watch his investment or platform fall from such a height.
Nevertheless, one can never be too careful, so once you feel like the idea behind joining the first time isn't there anymore, or the team have lost touch of what they ought to be doing, then one can let go, moreover there are many other good platforms in the crypto space.
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