Your analysis on the opening post is very good, and when you made this topic on August 29th the DOT price was quite high,
so it is not recommended to buy a DOT at that time. Then the perfect time to buy DOT is when September 6th, the DOT price
hits $ 3.92. Which price is quite low and very good for buying DOT, if by September 6 you buy DOT. You must have made a profit
now, because the current DOT price has gone up to the price of $ 4.53.
Topic: Why I don't buy Polkadot now - page 3. (Read 987 times)
Marketcap is too high for the value that Polkadot brings, it is not popular and probably does not have many more projects than Tronix (TRX).
A complex language like Rust certainly won't appeal to users like Python, Java, C, C ++ or Go. I think Polkadot himself and the projects on that platform are being exaggerated. Polkadot ecosystem tagging projects are still on the foundation of the Ethereum network.
A complex language like Rust certainly won't appeal to users like Python, Java, C, C ++ or Go. I think Polkadot himself and the projects on that platform are being exaggerated. Polkadot ecosystem tagging projects are still on the foundation of the Ethereum network.
I think that Polkadot and other DeFi projects are now being increasing its popularity. Polkadot is the same as other coins that are for hype. Actually you are not alone because I also don't take part in this coin, which means that I do not hold or buy a single coin of DOT.
Well, it is very risky to put our funds in the new projects with hype. we do not know about the future investment of our money. However, if it is for daily trading with small funds, it may be probably to be done next time. Let's wait and view what will happen to the future of this DOT. WIll it really becomes a hard competitor of ETH or not?
Well, it is very risky to put our funds in the new projects with hype. we do not know about the future investment of our money. However, if it is for daily trading with small funds, it may be probably to be done next time. Let's wait and view what will happen to the future of this DOT. WIll it really becomes a hard competitor of ETH or not?
so many people staking this coin and they got quite the profit I really doubt that many people gonna dump their token easily though, the project also promising. so many people are willing to hold to the coin if the project is promising and although the price of the coin have multipled but the early birds aren't that many. though your analyzation might be true and it's already down to $5 but I really doubt it's gonna fall below $5.
you have a clear analysis of this project and from the look of things. the price might be heavily controlled by traders. meanwhile i was carried away by the fact that it just got listed and went straight up to the top 10 cryptocurrency in the market showing that anything is still possible here. i bought at 4 usd and i wanted to sell and hope to buy lower
August 27
Staked
S573.867M DOT (58%)
September 12
Staked
594.327M DOT (59%)
https://polkastats.io/
What don't I know?
Doesn't anyone come out of staking to take profits?
The number of people willing to stake tokens is only growing.
It might be worth the wait longer
Staked
S573.867M DOT (58%)
September 12
Staked
594.327M DOT (59%)
https://polkastats.io/
What don't I know?
Doesn't anyone come out of staking to take profits?
The number of people willing to stake tokens is only growing.
It might be worth the wait longer
I did not expect such a rapid decline in the market, although this is great, there is an opportunity to buy many interesting tokens cheaper.
I haven't done any analysis yet, because the most interesting things always happen on weekends
Soon the first coins will be unlocked, and I'm wondering how much will be sold. You can place buy orders for $ 2 or a little more. But such a project is worth keeping in your portfolio.
__
This is not financial advice, these are my thoughts.
I haven't done any analysis yet, because the most interesting things always happen on weekends
Soon the first coins will be unlocked, and I'm wondering how much will be sold. You can place buy orders for $ 2 or a little more. But such a project is worth keeping in your portfolio.
__
This is not financial advice, these are my thoughts.
https://polkadot.network/
Founder Gavin Wood
https://twitter.com/gavofyork
"Founder of Parity Technologies. Co-Founder of Ethereum. Building Polkadot. Blockchain bloke. All things Web 3.0"
A bit of history about the project.
Project since 2017, this year 50% of coins were sold on ICO.
https://icodrops.com/polkadot/
ICO raised $ 144 million, the average purchase price of a coin 30 cents !
Polkadot ICO lost $91 Million to parity bug.
https://www.reddit.com/r/ethtrader/comments/7bd0tm/polkadot_ico_lost_91_million_to_parity_bug/
The project remains $ 53 million
In 2019, the project launched a network, in 2020 new token sale was carried out, the average token price is $ 1.2-1.5
https://www.coindesk.com/polkadot-raises-43m-in-72-hour-private-sale-source
"A second private sale of the Polkadot token (DOT) netted the Web3 Foundation and Parity Technologies some 3,982.07 bitcoin (BTC) worth an estimated $43.3 million at press time, according to sources."
Announcements of projects
https://forum.web3.foundation/t/teams-building-on-polkadot/67
http://polkaproject.com/
Statistics
https://polkastats.io/
Staked
572.229M DOT (58%)
Cool, what does that mean?
Tokens healed in staking cannot be released immediately, they need to wait 28 days.
Tokens bought on the second token sale are also locked for 4-5 months (correct if I was wrong)
Therefore, nothing prevents the price of a coin from flying to the moon!
How many willing investors do you think will want to sell their tokens for $ 6? (their cost price is 30 cents)
I think a lot, so the most prophetic investors will soon run out of 28 days (this will come on September 7-12) and the price will sharply drop down.
There is a chance that the price will increase if the token is traded on the coinbase exchange, but I think that the price will fall dramatically.
I also planned to buy this coin, but after talking with different people, I changed my mind while investing in it.
I will wait until mid-September.
Your opinion?
Founder Gavin Wood
https://twitter.com/gavofyork
"Founder of Parity Technologies. Co-Founder of Ethereum. Building Polkadot. Blockchain bloke. All things Web 3.0"
A bit of history about the project.
Project since 2017, this year 50% of coins were sold on ICO.
https://icodrops.com/polkadot/
ICO raised $ 144 million, the average purchase price of a coin 30 cents !
Polkadot ICO lost $91 Million to parity bug.
https://www.reddit.com/r/ethtrader/comments/7bd0tm/polkadot_ico_lost_91_million_to_parity_bug/
The project remains $ 53 million
In 2019, the project launched a network, in 2020 new token sale was carried out, the average token price is $ 1.2-1.5
https://www.coindesk.com/polkadot-raises-43m-in-72-hour-private-sale-source
"A second private sale of the Polkadot token (DOT) netted the Web3 Foundation and Parity Technologies some 3,982.07 bitcoin (BTC) worth an estimated $43.3 million at press time, according to sources."
Announcements of projects
https://forum.web3.foundation/t/teams-building-on-polkadot/67
http://polkaproject.com/
Statistics
https://polkastats.io/
Staked
572.229M DOT (58%)
Cool, what does that mean?
Tokens healed in staking cannot be released immediately, they need to wait 28 days.
Tokens bought on the second token sale are also locked for 4-5 months (correct if I was wrong)
Therefore, nothing prevents the price of a coin from flying to the moon!
How many willing investors do you think will want to sell their tokens for $ 6? (their cost price is 30 cents)
I think a lot, so the most prophetic investors will soon run out of 28 days (this will come on September 7-12) and the price will sharply drop down.
There is a chance that the price will increase if the token is traded on the coinbase exchange, but I think that the price will fall dramatically.
I also planned to buy this coin, but after talking with different people, I changed my mind while investing in it.
I will wait until mid-September.
Your opinion?
This is indeed a very insightful information. And I actully decided to analyse the project via the chaarts yesterday and noticed the nosedive in price and wondered why. The fact that the token will be released in a few days time will create a rush sale which will further decline the price curve and that is not a good one for an investor that invested with a $6.5 per unit. Thanks for the information.
^snip
it is good to see through analysis, but i would like to add two important things
- ICO price was 32 USD or 0,32 USD after denomination, but it was possible to pay only in ETH, and that was 0,1 ETH, or 0,001 ETH after denomination, which is now about 0,45 USD, not much of a difference, but not negligible at all
- why do you think all investors will sell after staking period is finished, that could be said for all project, could it?
- this buy was three years ago, one could bought then some other projects as well, and have better return on their capital
however, i would think twice before sell my tokens on 6th
I have no bad feeling about the project if they list the money due to a genuine bug but the price of the coin is too high for me to get in now .so I am staying away from it.
...How many willing investors do you think will want to sell their tokens for $ 6? (their cost price is 30 cents) ...
Yes, a lot of people will want to sell for $6. Fixing x20 is very good for an investor, but if you look at other DeFi projects, we can see a profit that exceeds x1000. Is it too early to part with promising investments? And we can't know what price Polkadot has on September 7.
I think that polkadot is one of the best project at the moment. It is doing up and down in the price but the porject is very strong. Good platfor and also good investitors. Your reasons for don't invest now are also good but I prefer to buy and hold!
Maybe this information is helpfull too? https://www.worldcoinindex.com/news/polkadot-dot-undergoes-re-denomination-price-surges-nearly-130-in-five-days
I just became aware of this.
Thank you for the information, first, I am also doing research on DOT. because as we all know, DOT is currently on the rise. Many exchanges list the coin and the charts show a great increase in price. in fact, many media have stated that DOT will become a competitor for ETH. that's the media, always comparing one another by packing the words "toughest competitor". Like YFI for BTC.
Because of this, I am personally interested in whether or not it is easy to develop a coin that is hype and also skyrocketed in a short time. learn from past mistakes that only follow hype.
Thank you for the information, first, I am also doing research on DOT. because as we all know, DOT is currently on the rise. Many exchanges list the coin and the charts show a great increase in price. in fact, many media have stated that DOT will become a competitor for ETH. that's the media, always comparing one another by packing the words "toughest competitor". Like YFI for BTC.
Because of this, I am personally interested in whether or not it is easy to develop a coin that is hype and also skyrocketed in a short time. learn from past mistakes that only follow hype.
I almost bought this on gate today. After reading this post, I will have to wait for a pull back. Someone had advised us to buy in our group that it could be a replica of ethereum in terms of price, without giving any fundamentals.
OP made very good points about polkadot but sometimes it's not always about token sale price, check projects like LEND. If you go by price difference between current price and token sale price for most projects with solid team and progressive development, like LINK, you will be discouraged to buy at current price. OP mentioned ICO price was 30 cents and current price is about 6$, this doesn't matter much provided the demand of the coin increases over time. Polkadot is a dope project, I bought some DOT already. Thanks OP for the sincere in depth analysis.
Best time to buy Dot coins was when it was available for $2 to $3. I hope it will come down to this price range again but with the market and demand i do not see that anytime soon, to be honest.
Polkadot is trending coin at the moment and looks like it is the choice of big investors for now which is keeping the price up. I have seen most projects dropping in price first after listing on exchanges but dot just seem to go up.
With the hype around this project do not expect a crash in price of DOT like you said in your post, even if sellers come in big numbers there are already buyers waiting for a dip so i do not think this will crash it will just dip and take a sharp turn back.
ICO raised $ 144 million, the average purchase price of a coin 30 cents !
Polkadot ICO lost $91 Million to parity bug.
https://www.reddit.com/r/ethtrader/comments/7bd0tm/polkadot_ico_lost_91_million_to_parity_bug/
The project remains $ 53 million
Polkadot ICO lost $91 Million to parity bug.
https://www.reddit.com/r/ethtrader/comments/7bd0tm/polkadot_ico_lost_91_million_to_parity_bug/
The project remains $ 53 million
That is all I member. It is good to see that that bug did not sunk the project. Suddenly 2/3 of founds vanished.
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