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Author Topic: Polkadot is starting to get on the right track  (Read 610 times)
kidbounty (OP)
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December 30, 2020, 11:50:27 AM
 #1

This bullrun has given us a lot of surprises. since Ripple went into trouble with the SEC there have been many changes in the market. And the newest is Polkadot, Look at today's DOT chart, I smiled a little. this coin is rising high and performing well throughout this bull run. I think Polkadot is on the right track now, even though their platform still can't compete with ethereum. but seeing their growth I became interested in this project.

currently DOT is competing with LTC, and BCH for the 4th position as the coin with the largest market cap. if Polkadot is still like this, I'm sure they can grab the position later.

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December 30, 2020, 05:20:53 PM
 #2

This bullrun has given us a lot of surprises. since Ripple went into trouble with the SEC there have been many changes in the market. And the newest is Polkadot, Look at today's DOT chart, I smiled a little. this coin is rising high and performing well throughout this bull run. I think Polkadot is on the right track now, even though their platform still can't compete with ethereum. but seeing their growth I became interested in this project.

currently DOT is competing with LTC, and BCH for the 4th position as the coin with the largest market cap. if Polkadot is still like this, I'm sure they can grab the position later.
Polkadot has so much potential that many people want to compare it with ETH. Many think DOT will take the place of ETH in the future. What I think is DOT can be a very good project for a long term investment plan. It could easily go above 100$ and right now price is pretty low. This project is best for the long run.

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Tytanowy Janusz
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December 31, 2020, 03:07:04 PM
 #3

It could easily go above 100$ and right now price is pretty low. This project is best for the long run.

1- no finished, working product
2- no build user base
3- not build infrastructure

All this points are evaluated at $7.2 Billion. At 100$ per coin it will be $ 89 Billion! More than ETH that has all above 3 points. I wonder ... what are the indicators of "pretty low" price for you... DOT is worth close to whole Renault company that sell cars all around the globe and its cheap for you?
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December 31, 2020, 03:49:01 PM
 #4

It could easily go above 100$ and right now price is pretty low. This project is best for the long run.

1- no finished, working product
2- no build user base
3- not build infrastructure

All this points are evaluated at $7.2 Billion. At 100$ per coin it will be $ 89 Billion! More than ETH that has all above 3 points. I wonder ... what are the indicators of "pretty low" price for you... DOT is worth close to whole Renault company that sell cars all around the globe and its cheap for you?

yes you're right, although I'm optimistic that DOT can be better than now. but 100$ is too impossible. I think 10-20$ is still a realistic target. Polkadot is new and doesn't have many loyal supporters yet, and their platform doesn't have many users yet. so it can't be compared to other developed platforms yet.

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December 31, 2020, 05:35:12 PM
 #5

a few minutes ago my friend and I were talking about polka dots for almost 1 hour, and they concluded that polka dots had good potential, they also suggested to be able to invest more in polkadots. the potential increase in price will continue for some time to come.
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December 31, 2020, 08:34:49 PM
 #6

I have realized it from a few days ago and indeed, I was late to buy because even in the last seven days the price has increased by 68.84%. With such a great performance since it was first launched I think there is no doubt for DOT, I have bought and ready for big changes in the future, the market will be making bigger surprises in the following days.

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January 01, 2021, 03:28:31 AM
 #7

You're right, Polkadot is very good today. yesterday I saw the DOT price is still $6 but now it's $9. in just a few days rose so fast. this is a good achievement. I became interested in this project, maybe this project has a good future.

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kidbounty (OP)
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January 01, 2021, 03:39:48 AM
 #8

like I said, look at DOT now. soon this coin will reach 10$. and look at its marketcap, sticking tightly with litecoin at position 6. if in the next few days Polkadot is still in the rally, he will rise to position 5 as the coin with the largest market cap.

DOT will be my first coin in 2021 to make a big profit. congratulations to those who bought when DOT was cheap, enjoy this fun.

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January 01, 2021, 05:09:26 AM
 #9

Yes DOT was probably one of the most successful alts of 2020 along with maybe LINK. I am actually surprised that it broke the $7 resistance like butter and its trending higher and higher.

The pair to watch is however the DOTBTC, if you look you can see its a bull flag however we dont know where the local bottom will be. Currently in the 32K sat area its resistance, and it might make another leg down into the 15K sats area when it breaks the 18K previous support. So I think 10-15K sats is a good price to buy with BTC. The fiat chart is hard to predict since most of that depends on BTC success. However the cross pair seems easier to trade.
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January 01, 2021, 05:38:05 AM
 #10

like I said, look at DOT now. soon this coin will reach 10$. and look at its marketcap, sticking tightly with litecoin at position 6. if in the next few days Polkadot is still in the rally, he will rise to position 5 as the coin with the largest market cap.

DOT will be my first coin in 2021 to make a big profit. congratulations to those who bought when DOT was cheap, enjoy this fun.
It may not reach $10 next days caused by it looks like the pump has reached its peak price. I have predicted there will be a small correction before dot will be able to jump even higher than before. A lot of demand from EOS has been moving to the DOT platforms. $10 looks easy to be achieved by DOT but it must have searched the new floor to be used to stabilize its price.
I have bought DOT around $5 and will try to sell when it can surpass $10. 100% ROI is more than enough for me.

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January 01, 2021, 06:40:05 AM
 #11

Poldakot made a very quick attack. They quickly entered the stock markets and attracted people's attention.
I have friends around me who want to invest in Poldakot right now. I think the Poldakot price will increase for a while  Smiley

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January 01, 2021, 07:23:38 AM
 #12

With the price now, I am sure polkadot will have a chance to compete with litecoin and lift the position and replace litecoin position. But litecoin will not easily give the position to polkadot, so I guess there will be a competition between litecoin and polkadot. We will see a new change in the position this year, and we might see a new coin like polkadot will have a chance to replace the old coin.

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January 01, 2021, 07:27:21 AM
 #13

like I said, look at DOT now. soon this coin will reach 10$. and look at its marketcap, sticking tightly with litecoin at position 6. if in the next few days Polkadot is still in the rally, he will rise to position 5 as the coin with the largest market cap.

DOT will be my first coin in 2021 to make a big profit. congratulations to those who bought when DOT was cheap, enjoy this fun.

I'm pretty happy with how DOT is performing, I bought a 100 between $5 and $6 AUD and as of today it's $11.50 so a decent profit, however I think it has the potential to increase a lot more.
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January 01, 2021, 08:05:31 AM
 #14

Polkadot is new and doesn't have many loyal supporters yet, and their platform doesn't have many users yet. so it can't be compared to other developed platforms yet.

Do you hear what you just said? Polkadot does not have users, supporters (i'll add here a finished, tested in battlefield product) but ...

like I said, look at DOT now. soon this coin will reach 10$. and look at its marketcap, sticking tightly with litecoin at position 6. if in the next few days Polkadot is still in the rally, he will rise to position 5 as the coin with the largest market cap.

You expect it to grow to top 5 CMC.

DOT as few lines of unfinished code is worth between $100k and $10 mln currently. Its evaluated at $ 7 bilion. Its overpriced up to 7 000 times. All of you guys in here are gambling on bubble ... not investing. I just want you to know about that. It can pump to top 5, even top 3 but its pure gambling. It may as good dump to out from top 50 and be forgotten.
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January 01, 2021, 08:29:39 AM
 #15

It could easily go above 100$ and right now price is pretty low. This project is best for the long run.

1- no finished, working product
2- no build user base
3- not build infrastructure

All this points are evaluated at $7.2 Billion. At 100$ per coin it will be $ 89 Billion! More than ETH that has all above 3 points. I wonder ... what are the indicators of "pretty low" price for you... DOT is worth close to whole Renault company that sell cars all around the globe and its cheap for you?

Whatever it is that make DOT's worth more than Renault, is the same thing that makes BTC's market cap more than Berkshire Hathaway. What is the reason for TSLA to be at $705?

Come back when you find your answer.

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January 01, 2021, 08:35:40 AM
 #16



currently DOT is competing with LTC, and BCH for the 4th position as the coin with the largest market cap. if Polkadot is still like this, I'm sure they can grab the position later.
recording ATH 9 hours ago ,if this is an Intentional growth like what they Did few months ago ,then i Might say that this track wont last for long.

Bitcoin cash is not part of the race because all the Funds inside are from the Owner and not from the community.

Litecoin is coming back from the long sleep ,if what is the future then lets see.

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January 01, 2021, 08:52:04 AM
Last edit: January 01, 2021, 09:15:21 AM by Tytanowy Janusz
 #17

Whatever it is that make DOT's worth more than Renault, is the same thing that makes BTC's market cap more than Berkshire Hathaway. What is the reason for TSLA to be at $705?

Come back when you find your answer.

Oh no man. Its complitly different story. Bitcoin makes history in front of our eyes. The largest financial institutions (d.e fidelity) recommend keeping 5% of a well-diversified portfolio in BTC. Bitcoin has value and brand that is being build for 11 years and is secured by 0.21% of the world's supply of electricity.

DOT is worth more than Renault because its pumped to the sky shitcoin. People call it new etherum ... same story was about ADA, NEM, Tron and many more. There are houdrends of shitcoins like DOT and DOT is so popular not because its used by everyone, its popular because it was pumped to top 10 CMC.

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January 01, 2021, 09:07:40 AM
 #18

Oh no man. Its complitly different story. Bitcoin makes history before our eyes. The largest financial institutions (d.e fidelity) recommend keeping 5% of a well-diversified portfolio in BTC. Bitcoin has value and brand that is being build for 11 years and is secured by 0.21% of the world's supply of electricity.

That's what you (and some others) believe. Not everybody agrees with it.

DOT is worth more than Renault because its pumped to the sky shitcoin. People call it new etherum ... same story was about ADA, NEM, Tron and many more. There are houdrends of shitcoins like DOT and DOT is so popular not because its used by everyone, its popular because it was pumped to top 10 CMC.

That's exactly how some people think of Bitcoin. (Not saying I do)

What about TSLA? You missed that one. Should it (668b usd) have higher (8 times) marketcap than Wolkswagen (82b usd)? I don't see it. It is probably because I am blind.

Tesla sold 367k cars in 2019 while VW sold 11 million cars.


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January 01, 2021, 09:22:11 AM
Last edit: January 01, 2021, 09:47:40 AM by Tytanowy Janusz
 #19

What about TSLA? You missed that one. Should it (668b usd) have higher (8 times) marketcap than Wolkswagen (82b usd)? I don't see it. It is probably because I am blind.

Tesla sold 367k cars in 2019 while VW sold 11 million cars.

The fact that 1 company is overpriced 25 times (P/E compared to nasdaq average) does not justify the fact that altcoin without user base and infrastructure with huge competition that has been doing the same for years (like 1000 similar projects) is overpriced 7000 times.
Both investing in dot and investing in tesla is gambling. But investing in tesla is like roulette while investing in DOT is like russian roulette.
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January 01, 2021, 10:17:07 AM
 #20

What has happened to polkadot over the past time is truly wonderful. I believe that out of all the altcoins today there will be very few products that bring a large ecosystem like Polkadot, Ethereum,... i also fully believe that 2021 will be a more successful year for polkadot, because their activities to promote polkadot based construction projects have very good brands.

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