Why I don't buy Polkadot now

[zasad@]

https://www.globenewswire.com/news-release/2021/02/02/2167832/0/en/21Shares-Launches-The-World-s-First-Polkadot-ETP.html
"Zurich - 2 February 2021 - 21Shares AG, the pioneering issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first Polkadot ETP (ADOT SW - CH0593331561 - PDOT) "DOT ETP" on the regulated segment of the Swiss stock exchange (SIX Exchange) on Thursday February 4th, 2021. Last Friday, Polkadot was admitted by the Index Provider to the 21Shares HODL basket ETP as second-largest constituent after Bitcoin (BCH being removed) and as such,  makes it is the perfect timing to add an additional single asset ETP to the already wide range of crypto ETPs 21Shares offers. "

This is not the latest news, but already serious market players are starting to work with polcadot.

[jacafbiz]

I have no issue with Polkadot for now but there are a lot of projects signaling they are going to move to Polkadot until Binance Chain comes out and still the show from it, remember Polkadot was Number on CMC before then now we have BNB, if all these projects moves from Proof of Concept and start releasing their product then Polkadot is really a project to take very serious

[zasad@]

https://decrypt.co/71307/parachains-on-polkadot-are-one-step-closer-to-launch
"Polkadot Is One Step Closer to Launching an 'Internet of Interoperable Blockchains'
Polkadot’s experimental network Kusama has seen its first parachain rolled out, marking the next milestone on the project’s roadmap.

Parachains are now live on Kusama, Polkadot’s experimental network.
According to Gavin Wood, the founder of Polkadot, this brings the project’s final vision closer to reality."

[zasad@]

https://polkadot.network/kusama-parachain-auctions/
"If these recommendations are followed then the schedule will look like:

2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences."

[zasad@]

https://blog.coinbase.com/polkadot-dot-is-launching-on-coinbase-pro-cd06a9b05dc6
Polkadot (DOT) is launching on Coinbase Pro
Jun 14
"Starting Today Monday June 14, transfer DOT into your Coinbase Pro account ahead of trading. Support for DOT will generally be available in Coinbase’s supported jurisdictions with the exception of Singapore.
Trading will begin on or after 9AM Pacific Time (PT) Wednesday June 16, if liquidity conditions are met."

[ElectricAR15]

Yeah there is the possibility of a huge sell off comes September 7 - 12 with a cost price of $0.30 definitely many will take profit no doubt but I think some will sell depending on the upcoming news the team have, sometimes things don't always go the way it is expected, I have seen several cases where people anticipate a fall in price but the opposite will happen.

30 cents, quite a bargain

[speedy963]

This is quite scary. I just entered polkadot at 24.something and currently at a loss right now. Seing the links you provided I feel bad for not being able to say to myself that you're just another guy trying to make fud about this altcoin. Man, I wanted to go on uniswap but chose this instead since a lot of people were so positive about this altcoin. Should I just pull out what I can or is there still a chance for me to get back my losses and maybe a few profits? I'm so confused right now.

[LordMiguel]

this prediction was made in August last year. i hope the post remembers it and invest as he said. also i discovered that price movement of alts increased drastically from december 2020. hopefully, if op invested in polkadot, he will be over 300% rich now and maybe sell off some tokens and invest in other new project.s

[speedy963]

This is quite scary. I just entered polkadot at 24.something and currently at a loss right now. Seing the links you provided I feel bad for not being able to say to myself that you're just another guy trying to make fud about this altcoin. Man, I wanted to go on uniswap but chose this instead since a lot of people were so positive about this altcoin. Should I just pull out what I can or is there still a chance for me to get back my losses and maybe a few profits? I'm so confused right now.

polkadot is an altcoin that is still new and certainly takes time to develop so in my opinion if you are stuck at a high price then you should be patient and wait until the price goes up again because if you sell it at a low price then it will only make you lose when the price can go up again sometime later.

Yes, I was also thinking about the same thing. But again, as what I have said, the OP's post really makes sense and it scares me quite a lot knowing that I invested on a high. Specially now that the price of polkadot is currently decreasing more and more. I checked those links last time and I just can't get rid of the thought of losing my hard earned money. I'm still quite hesitant though since my gut tells me I should hold on for a little bit longer. Maybe I'll just try to hold out for this month and wait and see what happens 1st week next month before I decide. I just hope the price doesn't dump too much till then :/

[Ghondronk]

Polka dot ecosystem is one of the most promising things which I have seen in the crypto arena in last few months. Dot token itself has a higher growth potential and based on a strong project. Hence, I think it would be a great opportunity for anyone if he/she can buy some tokens from the current dip.

[michellee]

This is quite scary. I just entered polkadot at 24.something and currently at a loss right now. Seing the links you provided I feel bad for not being able to say to myself that you're just another guy trying to make fud about this altcoin. Man, I wanted to go on uniswap but chose this instead since a lot of people were so positive about this altcoin. Should I just pull out what I can or is there still a chance for me to get back my losses and maybe a few profits? I'm so confused right now.

polkadot is an altcoin that is still new and certainly takes time to develop so in my opinion if you are stuck at a high price then you should be patient and wait until the price goes up again because if you sell it at a low price then it will only make you lose when the price can go up again sometime later.

I agree with you. As a new altcoin in the crypto market, Polkadot needs more time to develop the project and of course, the price will increase if the project can compete with the other projects. But with the price now is more than $15 and get in the top 10 positions will give more chances for Polkadot to increase the price in the future. If he bought Polkadot at a high price, maybe he can buy back again because the price is not too high compared to the last time he bought it. But still, he needs to be patient and do not panic because the price can increase anytime.

[zasad@]

https://medium.com/polkadot-network/polkadot-roadmap-roundup-4ee64577a9ae
Polkadot Roadmap Roundup
"As the Polkadot Community comes into the last quarter of 2022, we at Parity Technologies would like to update the community on a number of important development topics we’ve been working on. These bridge a number of categories: parachain scalability, parachain development, relay-chain governance, cross-chain communication, common-good parachains, bridging to other ecosystems, and staking. We’ve been hard at work on delivering the code for these features and upgrades and look forward to having them accepted by the Polkadot community."

[Chainsmokers]

this is the right time to buy polka dots, why delay if this is a golden opportunity?, you can see the truth through the chart,
because the highest price of DOT was at $54 and now DOT is only at $6, of course this is a good opportunity to invest in DOT.
yes even though the OP said people staking on DOT have reached 50% more I think it will have no effect on the price of DOT,
and maybe if there is another decline there will be $3 and I believe $3 is a very strong bottom.

[Paul Pogba]

There are many reasons why we don't invest in Polkadot, and I think because the market is bearish, in 2021 I sold all balances when the price was $22, and now the price is around $6, and I will watch to buy again.

[GreatArkansas]

(....)
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?

I already got out on Polkadot. Polkadot was one of my biggest loses recently when I started to buy some altcoin gems last year. I was able to participate also on their network and conducted some para chain auctions on some projects. Which for me it was also a bad timing because after those we experienced a massive dumps, I remember the ICO fever last 2018 because of this.

[Kelvinid]

I see the developer is trying to be more aggressive and likely to gain some interest in the community but for those who have a bad experience with this project, that is really to please them and put trust back again.

Well, I have no experience with this project for I don't have an interest in this before. Might say, maybe this time but before that - I have to observe first their performance after their upgrades. I'm just going to see if there is a market potential for this project or just the same. Because many projects doing upgrades but the results are still the same, it makes no sense honestly.

[traderethereum]

When a significant price drop at the beginning of the year made me sell all existing stock, of course this is common when the market is bearish, but when compared to BNB, MATIC, Solana or others and it doesn't drop too much like Polkadot, luckily I sell when the price is around $22, if I still hold until now of course I'm losing more.

You are really lucky to be able to take advantage of that moment to sell Polkadot because some traders lose the moment to sell it at that price.
I don't really have high hopes for Polkadot but I have a few Polkadots that I bought at a low price and now I'm just waiting for the price to increase again.
Maybe it will happen in the next altcoin season and at this time, there may be some investors who have bought Polkadot in large quantities because they believe the price of Polkadot can increase high in the future.
So we'll see what happens with Polkadot very soon.

[hichamito37]

When a significant price drop at the beginning of the year made me sell all existing stock, of course this is common when the market is bearish, but when compared to BNB, MATIC, Solana or others and it doesn't drop too much like Polkadot, luckily I sell when the price is around $22, if I still hold until now of course I'm losing more.

Compared to polkadot, Cosmos is its rival, but cosmos is doing better than polkadot is doing. But Vitalik Buterin used to appreciate the potential of DOT so I think DOT still has a future. Currently, DOT is still one of the top projects on CMC, although the price has dropped quite a bit, the developer is still continuing. so I'm still betting on the success of DOT.

[topman21]

I once invest Polkadot 2 years ago, because they actively advertised in various media, at that time I bought at a price of $ 5 and regretted because I skyrocketed up to $ 50 at the end of 2021 or a year after I sold, of course I would see the development of Polkadot for investment again.

Polkadot is a very good and popular coin. At one point the price of this Polkadot rose up to $50.But now it has reduced a lot due to bad market conditions But those of you who are very confident in investment can invest in all these platforms If you can invest in this bad market at a low price, then after the market is good, you will see that you have enough profit from here.

[monineklutak]

I once invest Polkadot 2 years ago, because they actively advertised in various media, at that time I bought at a price of $ 5 and regretted because I skyrocketed up to $ 50 at the end of 2021 or a year after I sold, of course I would see the development of Polkadot for investment again.

this time is indeed a good time to buy Polkadot because the price of $6 for DOT is a very cheap price especially Polkadot is also predicted to be a rival to Ethereum,
of course this will be more interesting because Ethereum is also just starting, after Merge Ethereum will be more attractive and DOT of course will not lose to Ethereum,
this is why investing in DOT at current prices is the right thing.