Bitcoin Forum

Guys, what are your thoughts about investing in Polkadot(Dot) right now? Is this time a good entry for buying Polkadot or should I wait for more? I'm not considering holding a long time for a bigger profit. Just looking for a short-term hold.

Any ideas?

I think it's a good investment, but don't take my post as financial advice. Hamsters have bought this coin between $15 and $55, so buying $4.6 won't be a big mistake. The price could drop even lower, but I don't believe in the $1 price unless there are new black swans in the market. I also bought this coin for about $5, but sent my coins to auctions for parachains. It was better to sell at 40-50 dollars, but the profit of 800-1000% seemed small to me.

In terms of old altcoins, DOT is one of the good investments, but investing in altcoins is very risky and there are no guarantees. Although according to most people, DOT is potential, but that does not mean it will rise again in the next bull season. I think you should do your own research and make your final decision instead of investing based on other people's advice. It's hard to give investment advice in altcoins, if it were me, I wouldn't buy DOT, but instead I would buy ETH.

It was once priced as high as $55 but currently it is also priced at $4.66.  And it is still in Top 13 position in CoinMarketcap. So I don't think it would be a bad thing to invest in it now. If you have enough funds and don't need to spend them on your daily activities then you can invest in these coins for long term.Long term investment may be able to give you a good profit but I am not giving you financial advice I am just expressing my opinion so you must do your own research before investing.

For a short term hold you really shouldn’t be taking too much advice from strangers online. You need to do extensive research yourself but even then we are in the middle of a bear market. Looking for short term profits is like playing roulette. You just can not with any confidence pick & coin or token guarantee profits. The whole market is tied to bitcoin & right now we see no sign of going up.

Polkadot is a good coin, could bring great profits in the next bull run but to turn a quick profit from a short term hold, nobody can tell you yes, it will rise soon sadly.

The coin is now at the very bottom, and it is not known how long it will stay there. The market now is not set up for any growth and the volatility of many projects is at a minimum, and at such rates trying to extract short-term profit from something is almost impossible. If one invests in Polkadot, then on a long term basis, much more profits will come out than on a short distance. I'm sure DOT will hardly show itself at all on a short range.

If you only want to trade for the short term, you can buy any time. You will be able to sell back when market conditions reverse towards the red chart. In one week, generally the Polka Dot price changes around $ 0.5 from $ 4.2 to $ 4.7, and you can sell when the increase has reached that price. And so are the down prices.

Probably a good idea as the market will start to recover again and Polkadot seems to be a good old project. Compare to its all time high value to its price right now, its very tempting. Short term position might be a good idea for Polkadot, just know when to sell so you wont regret it. Staying on a top 13 spot after the bear market is still a good one, you might consider this for your short term goal, just try to analyze it again before making any decision.

^Just give it a try, probably 25-35% of your portfolio is on Polkadot.
I have heard a lot from others that this project is good with a real utility project which I think an ideal for investment in the long term.
But I will not put all my eggs there, the allocation that I mentioned above was probably enough to invest in Polkadot, however, just do some research first and don't rely on asking here. As per what I see, Polkadot is good so far.

Polkadot is a good project backed by solid fundamentals. It was created by one of Ethereum's co-founders (his name is Gavin Wood). With parachains technology, Polkadot will be able to scale to millions of users worldwide. It can rival competing smart contract platforms such as Polygon (MATIC) and even Cardano (ADA). You can start by buying small amounts of DOT to begin staking for profits. If you keep accumulating, you'll obtain big rewards in the long run.

I can't recommend Polkadot or any other cryptocurency for short term profits because the market is in a very bad state. Just focus on solid projects that actually provide real use cases to the mainstream world (like Polkadot and Polygon), and you'll have nothing to worry about. Who knows what the future holds for the entire crypto/Blockchain space? Just my thoughts ;D

Polkadot is a top L1 project and one of the major contender with ethereum, so seeing its price now at this bargain is definitely a gift. Who knows what could be the future of one of thw biggest project. But of course, in terms of trading perspective, we dont know if theres more going down with the current market. But doing DCA is not a bad idea.

Polkadot is one of my best coin which u always support. Unfortunately Dot price is so much down and we have not seen good rally from couple of months but still there is high chances that it will perform well in long term.
Dot lover should not be worry about the price . It's true that it's price is down but it's not totally destroyed like Ftx or Luna. DCA is good option if we do and take entry in this stage. We can hope 50$+ in bull season.

To honest, this coin was actually BS. Its blockchain was the most complicated blockchain that i have ever seen. it's not user friendly but consider DOT already dumped to the bottom and im feeling fair for you to invest in this shit even though for me it's over rated blockchain. The only good thing is DOT already traded at the bottom. I see no good aspect other than it.

Yes it's. You can consider the bottom that already reached by DOT as the best entry to get in. You shall not wait even longer. Buying at the various price would be good enough for you to decrease the risk

actual value (4.58 euro) is down by 91.07% from the maximum value reached on 04 Nov 2021 (51.22 euro). :O
this requires a lot of effort to regain the values. really a lot...

Even if I am taking some DOT in staking I am not sure that I will see again this value.
But meanwhile I am still staking so probably could be a nice option to gain some "dividend" waiting for a better value...

The project is interesting but much probably has been just "hyped" too much in the past ...
with this, I am not saying that is not a good investment but probably is not the better choice in this moment or for the long term.

I researched this investment for a long time and finally decided to invest in it. Choosing a good time to enter the market can indeed bring profits to people in the short term. But there are still risks. It's true that I didn't notice it before because it had been "hyped". I think many people will choose to invest in it in the future.

Several veteran members have commented that this is a pretty good choice even if it's not financial advice, so you should do your own research and decide which one is right for you and what fits your budget.
If this proves to be a good choice because I can't think of this as good, seeing as the decline has been 91% since the last ATH, then you can lower the selling target later, unlike the last ATH, but just getting 5x profit is already good.

Polkadot is a utility coin with unique blockchain that is attractive to developers, in my opinion. Polkadot unique blockchain has the potential to attract more projects to build on it. With the price quite very low now ($4.90) as at 11/01/2023 (https://coinmarketcap.com/currencies/polkadot-new/), it is not a bad idea to buy DOT now. Polkadot technology is unique and currently relevant in the crypto space, so it has great potentials to go up in value. However, I am not sure if short term investing will yield the desired results as the bear market may still continue for some time. But if you can hold for long-term, it could yield better results. Please still conduct more research before committing your funds and ensure you only invest what you can afford to lose.   

https://www.stakingrewards.com/earn/polkadot/metrics/
If you learn the statistics of staking, then I really like it. 45-50% of the coins are constantly staking, another 20% or more are locked due to participation in auctions for parachains. The main coin holders understand what they are doing.I think that the project has the biggest events ahead.

My question for someone looking into buying Polkadot is...  What are you going to do with it?  I've heard a couple people mention buying Polkadot, but it's never to use it for anything.  It's always about staking it to get more Polkadot.  I think that's a really piss poor reason to buy a currency.  I honestly couldn't even give you one example of something you'd need to own Polkadot for.  I've never even heard of a project running on it.  Granted, I'm sure there's some activity out there, but is this activity that you need to participate in, or are you fooling yourself into thinking you'll buy this coin and then sell it for more later?  If that's your thinking, keep in mind the coins you're buying are someone else's sell it for more later.

I myself am actually not interested in Polka-dot tokens. For some reason, even though many people or even my own friends say and recommend Polka-dot tokens to invest because they have good prospects in the future, I don't care and have no interest at all in investing in Polka-dots, even if only a little. .
Indeed, I have said several times that there are several Atlcoins, memcoins or even shitcoins that are decent and good for long-term investment prospects, but in the past 1 year, after the crypto market has experienced a decline, I myself am not sure to invest in Altcoins except ETH. and Bitcoin of course.
However, the thoughts and plans of every investor are different depending on their preferences and beliefs.

I think polkadot is a very good coin to invest in alt.  Currently, the value of one polkadot coin is 4.84 $. However, while Bitcoin was on the upswing, polkadot Coin's price was in much better shape.I think Polka dot coin is a reliable coin to invest But I am not telling you to invest in Polka dot. Because you have to take full risk to invest. I just told you that polkadotis a good coin to invest. You can get more ideas about this coin from different places if you want After getting ideas from various places, if you feel that he should do the same, then you invest in this platform.

At least, Polkadot hasn't been as hyped as Solana once was. The latter project already proved to be a failure with developers' inability to fix network outages, among other sort of issues. Yet, Polkadot is still standing strong as one of the leading competitors of Ethereum behind Polygon (MATIC) and Cardano (ADA). Current prices for DOT are quite a bargain these days, considering there's more to the cryptocurrency than meets the eye. The parachains scaling technique will easily allow Polkadot to scale to millions of users without any disruptions whatsoever.

Once the DOT blockchain takes off, prices will never be this low ever again. It's one of those "blue chip" coins that are perfect as a long term investment. As long as you don't put all of your life savings into it, you'll have nothing to worry about. Just my opinion :)

If you are only looking for coins for short-term trading, of course there are many coins that you can choose from with large trading volumes. Polkadots are certainly good for you to invest in, but don't use them as a reference for the investment you will make. Everything is your own choice. ETH can also be an option for you to trade short-term, or the previous suggestion is to choose a coin that has a large volume so that price movements will also be faster.

If you are considering this for a short-term investment, I would say NO. With this bear season, you can never expect a profit in the short term, it certainly takes years to have it. I consider Dot as one of the promising projects, of course, choosing this couldn't make you regrets but of course, you also need to become more patient as it won't grow up when Bitcoin is still on the dump. That is why I would say that don't just focus on this project but invest more in BTC.

Agreed, DOT is a promising project that have gained good market in the shortest time period. From the beginning of its days the value of DOT is found around $3, so we can't expect the market price to $1 for buying. The price is around $5 which is a good buy, if the choice is long term investment. About the project, the development continues and the same keeps the market high than declining.

The DOT is a multi-year consideration with highly meritorious technology. It seems that projects like DOT have the longevity and sustainability needed to deal with a prolonged bear market.

Gavin and his team were the ones who drew me to the project instantly, they were so far ahead, transparent and totally focused. Yes, it's true that Dot is very suitable for long-term investment. I bought it before I finished my research. The main problem with Polkadot is that using its JS wallet is complicated.

Now? No! Yes, the time when you posted it was a good time to invest in dot. If you had bought this on the day you posted here, then you are already in profit now. if not, then you should wait now as I think the market will come down and that time will be good to buy it. ( This is just my opinion that the market will come down. It's all up to you to, buy now or later NFA)


Mate, There are many other wallets that you can use to hold your DOT.
Polkadot non-custodial wallets list: https://wiki.polkadot.network/docs/build-wallets

In fact, no matter what project is invested in, the ultimate investor is still an individual. As the founder of Polkadot, Gavin Wood pays more attention to technology. As one of the founders of Ethereum, I believe in his technical ability. So what Polkadot will solve in the future is the upgrade of future technology. And Polkadot is also actively donating global technical personnel to enrich its own Polkadot ecology. So I am full of confidence. Also a loyal holder of DOT.

Polkadot is an altcoin that has been around for a long time and has a fairly large community. about your question, when the market is experiencing bearish, it is the right time to buy because the price has dropped very much, but what you said is for the short term. so for me it's not a problem but you need to research again before you really invest in Polkadot, except for the long term it will be much better

I don't really know if Polkadot will be able to rise again in the bullish era and reach the ATH point again. If so, then this is a good investment because the current price is very far compared to its heyday. But remember, not all altcoins that are considered good are able to return to their previous ATH prices, even because now there will be technology that is almost like Polka Dot so it could many people will leave it. But well we also know that the Polkadot team is also still trying to optimize Polkadot to be more accepted in the crypto world although with so tight competition. Here, they need something fresher and newer to ensure that Polkadot is not left behind.
Now the rate is at around $5.98, and you may get high profits if it is able to rise up again in the next bullish. But once more, none will guarantee. That is why it still has a very high risk than investing in Bitcoin.

Polkadot is also one of the coins that has potential so when the moment is right to buy I think we need to capitalize on it to make a profit,
true as much as possible to do research first but for me Polkadot is more suitable for long term investment.