DOT

c94

DOT has arguments for a future since it’s architecture and their entire Layer0 angle. However I wouldn’t recommend it to anyone as their primary bag, a small amount to hold and watch the ecosystem. ADA and VET can hope for the same fate as XRP at this point. The writing has been on the wall since 2021.

Glum_Aside_8076

Don't put it all into BTC, it'll go up the least out of the ones you have most likely. ETH will likely 3x, DOT and VET even higher, whereas BTC will be very lucky to even 1X.

CorneliusFudgem

Sell everything back into bitcoin. Keep the ETH but the ADA, DOT, and VET are just gonna keep bleeding from ur portfolio if bitcoin slides or trades sideways. Alts are always going to hurt more during times like this.

biba8163

> let the alt-coins have a chance to catch up with BTC Alts generally don't catch up. They lure you with pumps and keep losing value to BTC long term - ADA BTC high was 0.00007382 on January 2018. It kept up with BTC, the price would be $4.63 - ETH BTC high was 0.15 on June 2017. If it kept up with BTC , the price would be $9,411 - VET BTC high was 0.00000755 on January 2018. It it kept up with BTC, the price would be $0.47 - DOT BTC high was 0.00095333 on May 2021. It kept up with BTC, the price would be $59.81 > BTC may see a new high this year and it may not - If BTC doesn't hit new highs, your shitcoin does not do shit - If BTC does hit new highs, your shitcoin might not - Whatever BTC does, almost every shitcoin loses value to BTC over a long time horizon ALTs value is completely based on BTC pumping and bringing in new people and money to the crypto market. All the tech, utility and hype is all bullshit.

biba8163

>:Hasn't protected a single investor...no care for retail Mark Cuban became a billionaire selling a hype vaporware media company in the DOT.com bubble. He lost $870K in DeFi rugpull scam Titan. Crypto is mostly about luring retail investors with bullshit vaporware hype that Cuban became rich through and rupull scams that Cuban fell for. Of course Cuban is clueless and blind to the fact that the SEC is trying to protect investors. In 2021, the SEC blocked the now bankrkupt company Celsius from offering their crypto earn program to US clients: https://celsiusnetwork.medium.com/important-celsius-update-to-our-us-clients-6df471420cc7 In 2021, the SEC collected $100 Million from the now bankrupt BlockFi and prevented them from offering their earn program to US Customers: https://www.theblock.co/linked/134165/with-100-million-settlement-confirmed-blockfi-aims-to-register-yield-with-sec In 2021, the SEC blocked Coinbase's crypto Lend program which Coinbase CEO Brian Armstrong was complaining about. The same type of program where Gemini customers lost their money lending and earning interest on crypto loaned out to Genesis: > The SEC has told us it wants to sue us over Lend. We don’t know why. https://www.coinbase.com/blog/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why

OfficeMain1226

Got in crypto in 2020, still at 54% of the original investment? Why? Because I am a master of bad trades. First held on to XRP, then got into DOT, ADA, NANO and bunch of other shitcoins. If I had invested it into the mutual funds, my portfolio would be at least 3x by now and debt free. Nobody to blame but me.

Simke11

Don't forget to add DOT for ultimate bagholder portfolio.

G0DL33

Depends on your investment time horizon, what are your goals for investing in crypto? After you answer these you can work out how far down the risk reward ladder you want to go. BTC, ETH are going to be good, simple places to start but already have large market caps, they won't make you wealthy, AVAX, SOL, DOT, MATIC will probably have higher returns, but they also might not. Then you can go further down again into narrative plays or meme coins. These are where the fortunes are made. However the reason why someone makes millions is because people with no idea put their money in and lose it. This is not the sort of space where you can put your money in and forget about it. You need to keep up with the space, continually educate yourself, or you might as well throw your money out on the street.

lukekibs

I’m in it for the tech. I hold DOT for the daily staking rewards and the constant building/upgrading its doing to its network *go ahead, point and laugh. I don’t even care anymore*

Downtown-Force-9292

New blood is being shaken out by institutions and seasoned investors. Relax and buy the dip. Stay in BTC if you're worried but this is when you get rich by buying the altcoins at their lowpoints. I'm scooping up as much DOT and AVAX I can.

XRP_SPARTAN

Most coins are significantly down from their ATH. Only 4 tokens have broken the ATH or got extremely close: BTC, ETH, BNB, SOL. Liquidity always flows into the large caps first, then the rest of the market. Altcoins have always lagged. But once Bitcoin begins to top out, all the liquidity flows into altcoins. The altcoins with high development activity all performed very well last cycle: ADA, ETH, AVAX, SOL, DOT. Once alt season comes, all these coins will fly!

TowelSad6355

DOT and Solana

joenastyness

DOT a diamond in the rough

Soil_Electronic

All my airdrops were few $ worth lol screw DOT

unforgiven990

LINK is one of my top pics as well. AIOZ, RNDR, DOT, and hopefully DRINK once they go live on Coinbase.

_TheWolfOfWalmart_

DOT is dead junk. It's now around all time lows when prices in sats. This is why you don't hold previous cycle alts into the next cycle. 99% of them are done. Move your DOT into something with a strong chart vs BTC. If you are a large cap guy, maybe something like SOL or KAS.

TexasBoyz-713

Bitcoin has a better chance at doing that than DOT

BiffTannen1855

DOT is dead and rightfully so. Get out before the next bear market takes you down to $1

sportspadawan13

>XRP, DOT, ADA, ALGO >investment lol

heggen

Can DOT make a 4x in the next 12 months ? Some promising stuff but so far nothing happend.

jwz9904

MATIC/ADA/DOT the holy trio

jwz9904

i already traded DOT for Wif

purplecowz

somebody literally complained in the last 24 hours about DOT's staking % rewards going down on here, they must be watching

qeztl

“ADA, DOT, ETH, *and other small caps*” Either you’re grammatically challenged or just dumb.

XRP_SPARTAN

If you want to gamble, look at coins with higher developer activity as they are more likely to explode. ADA, DOT, ETH and other smaller caps are in that list.

lukekibs

13.92% for DOT’s reward now on coinbase? Am I daydreaming? Sheesh it doesn’t feel like it’s taken into affect yet

JotiimaSHOSH

Neither of those two are good investments. DOT has flopped and doesn't have adoption, Dogecoin is a meme coin which is risky but could be alright.

C-Dawg420

I just stopped by to say that DOT is a shit coin Thanks for your time

jwz9904

it's aligned to the value of DOT

pawcket

Here's a few others; HBAR, QNT, DOT, ADA, VET

Cluster_Fluffed

🔴 2015 - You missed $XRP 🔴 2016 - You missed $ETH 🔴 2017 - You missed $ADA 🔴 2018 - You missed $BNB 🔴 2019 - You missed $LINK 🔴 2020 - You missed $DOT 🔴 2021 - You missed $SHIB 🔴 2022 - You missed $GMX 🔴 2023 - You missed $BONK 🟢 In 2024, don't miss $POWSCHE

dvidergar

Thinking of adding a coin or 2 to my portfolio. I currently have BTC, ETH, LINK, KAS. Thinking of something like DOT, Doge, HBAR. Any suggestions?

Sea-Cockroach-2327

...so the next ETF will be DOT...

jwz9904

at least you didn't buy ADA or DOT

bowdenta

DOT was the only coin in red about 30 hours ago. Gavin Wood and Charles Hoskinson probably turned in to Charlie Lee. Vitalik isn't looking much better.

Bandoolou

DOT 2.0 just round the corner and the Adrian Newey of crypto still leading the project. Yeah it’s dead, sell your DOT. I’ll buy them.

howmax20_

DOT

biba8163

> Especially considering the God awful tokekomics You invest in CRO. They created 100 BILLION tokens just a few years ago and gifted it all to themselves and said they burned 70 Billion... > And also the marketing they do is nothing to scoff at....Major sponsorships like the UFC for years to come will only bring more eyeballs to them and crypto in general. https://np.reddit.com/r/CryptoCurrency/comments/1bo28k4/time_to_take_another_look_at_the_cro_token/kwo7lsj/ > Yep that’s why I dipped out in 2018/2019. I wasn’t a true believer, knew it was inflationary. You invest in DOT. Created over a BILLION tokens and gifted it to themselves and currently has 10% inflation on top of that > My portfolio is 88% Polkadot https://np.reddit.com/r/CryptoCurrency/comments/1bo28k4/time_to_take_another_look_at_the_cro_token/kwo7lsj/ I don't hold Doge and he supply is quite centralized but it's merge mined with LTC and has a 3.6% supply inflation rate. The fact that people invest in absolute 100% supply out of thin air shitcoins like CRO and DOT and talk shit about DOGE inflation really is fucking baffling.

throwawayfish72

My DOT story is pretty much exactly the same. I've thrown some into $BONK though 😂 how did you find out about $RIO? I've never heard of it before.

sportspadawan13

Yet somehow Dogecoin is totally legit while being 70% down and DOT 80% and is "a good investment"

sportspadawan13

Lol yes it freaking was. That's why I'm just chilling to "serious" memecoins. Like I get in the end it's all a joke and pointless. In reality, every stock is and every dollar is a piece or paper. But with all that stuff you build something bigger, and that's fun. I get why people shit on it, but how are DOT's parachains not an equal joke? It's performing worse than most memes (I would know, it's my biggest lost but am staking anyway). Just my thoughts.

Simke11

It's missing ADA, ALGO and DOT

C-Class_hero_Satoru

Hi guys. Can someone give financial advise? I'm not going to sue you I have some DOT and my average buy price is about 10 dollars, it was much higher but I tried to dca down in 2023. I had opportunity to sell this year, but I didn't - I thought it will pump. If you were me would you hold or swap to another project? It's not emergency, I can keep holding, but the problem that I don't have much fiat to invest this summer, so to buy something new I have to sell something old

Eightsense

Why is DOT symbol on CMC changing into an animated fireball?

OccasionalXerophile

DOT showing its class just now

biba8163

To burn a hole in your pocket and steal money from you. 4 years ago in 2020, Polkadot entered the top 10 after a governance vote passed multiplying balances by 100X and change the denomination of DOT from ~$400 to ~$4 so that it looked cheaper for dummy investors that would be dumped on. Dummies bought because they believed para-chains will drive demand for token will go through the roof.

Eightsense

Look at the DOT logo on CMC that looks pretty cool, any reason why it looks like that?

Mionux

Cardano moving slow(as usual) but mirroring DOT in its bucking BTC dominance % for the day and showing on the price action

ariel_lux

I would sell DOT because at least RNDR has the GPU/AI narrative and I think DOT is simply unholdable. Not sure why others are not responding to the question.

you_cant_see_me2050

This whole "sell winners, hold losers" thing is a tough call. I've seen some winners keep rocketing and leave everyone behind. Maybe it's better to focus on the projects you believe in, regardless of current price. I have held DOT through tough times and it paid me well. RNDR might have some steam left as AI narrative will remain relevant. Instead of selling tokens you can replace with other AI related tokens(FET, OCEAN) or some new projects like sightAI(data privacy). Also, something to consider with your "laggards" is the project itself. Just because something is down doesn't mean it'll rebound.

kakkesugi

DOT likes to play hard to get at first but it eventually joins the club a few days later lol

jwz9904

maybe this is the reversal for dot. Buying 1 DOT now

toosadtotell

Actually for the past 7 days : SOL -22% , AVAX -19 % , DOT -13%

jwz9904

Finally a good day for DOT!

4biddenpleasure

I sold dinosaur coin DOT. No one really gives a F about it. Zero hype for DOT2.0 I hold RNDR from $0.50 and I will continue to hold until next year. Narratives for biggest return this cycle are: Memes Ai RWA DePin Gaming

C-Class_hero_Satoru

Oh sorry, I thought you are asking about DOT 😂

TheRealTheory001

I bought DOT in anticipation of 2.0 and active devs is very large. They are/were also putting money into promotion. It's just a good chart example. not big into it. Thanks.

loc12

If I swapped my DOT what you would swap it for? Thinking FET

loc12

If I swapped my DOT what you would swap it for? Thinking FET

C-Class_hero_Satoru

Just an idea, you don't have to buy back the same coin Personally I would get rid of DOT, it's dead project, not so much potential. Instead I would get some cheap HBAR when it will crash

L1l_K1M

Yeah you are absolutely right. BTC makes sense. ETH as well. But you do not need 1000 utility block chain tokens like ETH, SOL, DOT, ADA...

Imperialtech69

I had high hopes for DOT 😢

BiffTannen1855

Finally sold my DOT after holding for 4+ years. What an absolute piece of shit. If I would have just put it into BTC from the get go, I would legitimately have enough to retire on right now. No better way to create a BTC maxi than to have held other coins. Hope DOT crashes and burns even more so than it already has

sportspadawan13

DOT is my other infinite supply coin and my biggest loser, that's why I said shoot me :(

B1358

DOT

Environmental-Bowl43

How is the volume on DOT so high all the time yet over the last 2 years the price has done nothing.

kakkesugi

I just want one final chance to buy DOT at $5 and ADA at .35 my cash bag would truly be locked and loaded then.

TinkoBinko

Thinking about flipping my DOT bag (approx 15% of my portfolio) to Kaspa.. what do you guys think?

TheAsianOne_wc

All I can do now is cry as I watch DOT reach below 6 USDT

sportspadawan13

I am yeah. Down 50% but have gotten...72? DOT from it over time. Just gonna take a while. Just ready to break even frankly.

SoggyHotdish

Is it time to start unbonding my Polkadot? I've never had my sentiment change so damn fast. Just a few months ago I was talking up DOT and it's great tech. If you're going to launch a memecoin with the sole purpose of bringing attention to your network DONT GET PISSED OFF AND RUGPULL IT! Has anyone contacted the SEC about this? I haven't because I expected someone else to buy maybe we all did that

Davinter30

Poor performances lately for sure, but why say that now ? Many coins are down more than AVA today.. SOL, AVAX, DOGE, ARB, OP, DOT, MATIC, RNDR to name a few

biba8163

Most hyped tech meme narratives from the the 2017/18 cycle... - April 2017 --> XRP is the Standard! Banks are about to adopt XRP while you invest in joke projects. - May 2017 --> Stratis is the future of Blockchain tech, smart contracts written in C#. Devs are going to flock to the platform - June 2017 --> IOTA is going to be the backbone for the "machine to machine (M2M) economy, this will become the underlying protocol for the internet of things" - July 2017 --> SIA and Golem are going to revolutionize tech creating a paradigm shift in storage and computing. This isn't like 2013 meme coins, we have serious projects in 2017. - August 2017 --> NEO is the Chinese Ethereum, programmable in multiple languages, developer community only second to Ethereum, embraced by China, the market the potential is massive - September 2017 --> Bitcoin Cash is the real Bitcoin. Bigger blocks, blockstream sucks, Roger Ver is the lord and saviour. - October 2017 --> OMG is going to bank the unbanked. The future of blockchain. Scaling Ethereum L2 with Plasma! Just look at the team. Lightning Network creator Joseph Poon. Vitalik himself is an advisor! - November 2017 --> Vertcoin because ASIC resistance is the future - December 2017 --> REQuest Network is the most important financial project to crypto. They are a Y-Combinator startup so you know they are very aggressive! - January 2018 --> Raiblocks (NANO) is fast and feeless and will kill every inefficient blockchain currency - February 2018 --> Vechain is going to be the first crypto with enterprise adoption. Look at all those partnerships. Look at the technology, the project is a copy pasta of the Ethereum code base but it's Chinese innovation nonetheless. - March 2018 --> ICON, it's the Korean Ethereum, they're partnered with a ton of Korean banks, hospitals, universities....and you know Koreans support their own projects. ...reminds us not to give up on your bullshit tech innovation narratives. Your shitcoin is not going to die because people will rather baghold forever than admit they are wrong... 2021 > Don't confuse short term price action with long-term fundamentals. Nano works, ever better, and that's starting to be recognised https://np.reddit.com/r/CryptoCurrency/comments/qc21qm/honest_question_is_nano_dead_what_can_be_done_to/hhd7eug/ > You should check out what ICX has done, is doing and will do during these years....Agreed. Not even remotely dead. https://np.reddit.com/r/CryptoCurrency/comments/qgnsj0/which_cointoken_is_completely_deadnearly_dead/hih8v5b/ > (REQ) are definitely not dead, they are currently building an escrow system that will ultimately allow for invoice financing for projects in the crypto space....The team has a very practical mentality, focussing on product and adoption. Currently almost a thousand businesses are using Request to process their payments, adoption increasing almost exponentially https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ ...so keep holding DOT, ALGO, etc whatever bullshit tech you bought the last cycle. The market is wrong, you are right and there is no way you got scammed. Now go make a post about what big scams meme coins are -- that'll really make you feel and look smart.

biba8163

Most hyped tech meme narratives from the the 2017/18 cycle... - April 2017 --> XRP is the Standard! Banks are about to adopt XRP while you invest in joke projects. - May 2017 --> Stratis is the future of Blockchain tech, smart contracts written in C#. Devs are going to flock to the platform - June 2017 --> IOTA is going to be the backbone for the "machine to machine (M2M) economy, this will become the underlying protocol for the internet of things" - July 2017 --> SIA and Golem are going to revolutionize tech creating a paradigm shift in storage and computing. This isn't like 2013 meme coins, we have serious projects in 2017. - August 2017 --> NEO is the Chinese Ethereum, programmable in multiple languages, developer community only second to Ethereum, embraced by China, the market the potential is massive - September 2017 --> Bitcoin Cash is the real Bitcoin. Bigger blocks, blockstream sucks, Roger Ver is the lord and saviour. - October 2017 --> OMG is going to bank the unbanked. The future of blockchain. Scaling Ethereum L2 with Plasma! Just look at the team. Lightning Network creator Joseph Poon. Vitalik himself is an advisor! - November 2017 --> Vertcoin because ASIC resistance is the future - December 2017 --> REQuest Network is the most important financial project to crypto. They are a Y-Combinator startup so you know they are very aggressive! - January 2018 --> Raiblocks (NANO) is fast and feeless and will kill every inefficient blockchain currency - February 2018 --> Vechain is going to be the first crypto with enterprise adoption. Look at all those partnerships. Look at the technology, the project is a copy pasta of the Ethereum code base but it's Chinese innovation nonetheless. - March 2018 --> ICON, it's the Korean Ethereum, they're partnered with a ton of Korean banks, hospitals, universities....and you know Koreans support their own projects. ...reminds us not to give up on your bullshit tech innovation narratives. Your shitcoin is not going to die because people will rather baghold forever than admit they are wrong... 2021 > Don't confuse short term price action with long-term fundamentals. Nano works, ever better, and that's starting to be recognised https://np.reddit.com/r/CryptoCurrency/comments/qc21qm/honest_question_is_nano_dead_what_can_be_done_to/hhd7eug/ > You should check out what ICX has done, is doing and will do during these years....Agreed. Not even remotely dead. https://np.reddit.com/r/CryptoCurrency/comments/qgnsj0/which_cointoken_is_completely_deadnearly_dead/hih8v5b/ > (REQ) are definitely not dead, they are currently building an escrow system that will ultimately allow for invoice financing for projects in the crypto space....The team has a very practical mentality, focussing on product and adoption. Currently almost a thousand businesses are using Request to process their payments, adoption increasing almost exponentially https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ ...so keep holding DOT, ALGO, etc whatever bullshit tech you bought the last cycle. The market is wrong, you are right and there is no way you got scammed. Now go make a post about what big scams meme coins are -- that'll really make you feel and look smart.

sportspadawan13

Right--people told me 3 years ago in 5 years DOT will be $100. Yet here we are--0 chance. Nothing is certain.

AncientProduce

1 person wins with shi.. memecoins and thousands lose and they have zero intrinsic value. Your DOT bag will still be generating you income in 20 years time, so what its not buying you a car every month. If the investments safe then you are good. Although.. this is crypto.. could all collapse tomorrow.

Ok-Warning-5957

The reason why DOT is going to keep sinking, along with most of the others outside the top five, is that all these great reasons you cited are gibberish to 99% of people and investors. If you talk about something like Bitcoin or ethereum, people understand that it transcends the limits of some weird poorly explained technology. Plus, looking at a chart, all these other coins simply track the big boy, which stalled after the latest run up and hype around the halving. DOT is riding bitcoins coattails with no catalysts of its own. You need catalysts to move, and all the great ones you cite in your post aren’t even comprehensible to people, let alone exciting to them. And now that Bitcoin is mainstream, even that tracks the wider market in many ways. Those epic returns in the beginning of crypto aren’t coming back unless you load up on a Penny coin—but that’s essentially what lots do on penny stocks. Bitcoins returns aren’t any better YoY than say MSFT or even Carvana, a junk company. My point is that to most people there’s just nothing exciting about crypto outside the big ones that make the news. You need organic catalysts, excitement and disappointment to drive the market and DOT just doesn’t have a single thing that’s exciting about it.

sportspadawan13

Everyone mocks these memes while going crazy on coins like DOT that give worse lifelong gains. (Me. I'm a DOT bagholder).

jawni

I feel like that's usually in the daily where shills are obnoxious about it, the best way to judge the subs sentiment on a coin is by reading the comments on a thread about that coin specifically. For example, look at any thread about SOL with a strong negative or positive connotation and still the majority of the comments will be negative. Even the blatant lies will be upvoted if it fits the negative spin, and the most thoughtful informative comments will be downvoted if they down align. Do the same thing with ADA, ALGO, DOT, and admittedly to a lesser extent HBAR, and you'll see positive comments.

jeetsstizzard

Investing $150k in the crypto market is a big decision! It can be exciting at first but also risky. It is good that you're thinking about it carefully. Crypto can be a rollercoaster, so it's good to be cautious. Your coin picks like DOT, ETH, XRP, and QNT all have their own stories and potential. But remember, the crypto market is like a wild west sometimes, so prices can swing like crazy. With this, diversifying your portfolio is smart. Putting your money in different coins can help spread the risk. But don't forget, only invest what you can afford to lose. Crypto can 3x your investments, but it can also crash hard. Plus, predicting Bitcoin's price is like trying to guess what's for dinner next Friday. The token could hit $115-120k by 2026, but who knows? And tripling your investment by 2025 is a bold and hard goal. It is possible, but there are no guarantees that you will not lose in crypto. For me, it is a need for you to do your homework. Learn about each coin, the team behind it, and what makes it unique. And don't rush in without thinking. You may check trustworthy sites like Traders Union to get good facts about trading and these coins. Also, Maybe chat with a financial advisor first to get some professional advice.

hungryforitalianfood

That’s not really how this works. SOL price isn’t outperforming DOT because the developers are “busy focusing on the price rather than building” lol.

Trader0721

You can make 20% APR in a few countries…it’s where inflation is >20%…your cro will inflate faster than your APR…it’s called tokenomics and it’s what has killed DOT and ALGO…your boy Kris will print the sh*t out of CRO to “pay” consumers for their bitcoin. Cheers though…I hope it works out for you.

Fair_Raccoon9333

I agree, anyone reading this thread can tell who has heavy bags of DOT.

toosadtotell

> DOT is literally saying they are copying Ethereum yesterday. No , you are saying that . word for word this is your reductive conclusion as you argue in bad faith. The actual statement from the announcement : > The new system would replace the Relay Chain with a more modular and lightweight design: a "global singleton permissionless object environment," similar to Ethereum's smart contract environment but within a scalable node network like Polkadot. your statement is shallow , reductive doesn’t align with the project tech stack that JAM will implement. I’m done arguing with you . feel free to have the last word. Anyone reading this thread in the future will be able to make up their own judgement on the matter .

Fair_Raccoon9333

DOT is literally saying they are copying Ethereum yesterday. Whereas, ETH has always said it would expand the ecosystem into L2s and beyond.

toosadtotell

> Believing copying ETH will earn you developers and users is what doesn't correlate with reality. There is no belief here . Large teams of devs are building on DOT and ETH as we speak , many are building for both . You are deliberately obtuse on claiming Polkadot is « copying «  ETH , when in reality ETH is just as much copying DOTs layer zero architecture. This way of thinking is so idiotic.

Fair_Raccoon9333

> They should go their own way. > That’s not how it works . Right, instead they are copying ETH while you are using double-think to claim DOT is special. We both know this is a play to capture ETH developer attention. But as I already said, this has failed every time other alt-L1s have made the same move. Developers and users want TVL and liquidity, and ETH's unrivaled decentralization is the clincher. >Your dualistic mindset that protocals are « vampires « stealing dev power from ETH is a very monolithic and simplistic view that doesn’t correlate with reality . No, believing copying ETH will earn you developers and users is what doesn't correlate with reality.

Fair_Raccoon9333

>That is not user error Transferring back and forth from mainnet is user error if you are concerned about fees. >Therefore the architecture is L1 > L2 > Layer 0 completely backwards. That's how your brain thinks, but that isn't how it works. >you seem to believe that only ETH should be built Not at all, but if you don't think ETH should be the only thing being built, then why is DOT lifting from ETH's smart contract environment? They should go their own way. >The future is multi chain Or as it is called on ETH, L2s and L3s.

biba8163

> "You've been ~~jammed~~ SCAMMED!" 3 years ago in 2020, Polkadot entered the top 10 after a governance vote passed multiplying balances by 100X and change the denomination of DOT from ~$400 to ~$4 so that it looked cheaper for dummy investors that would be dumped on. Dummies bought because they believed para-chains will drive demand for token will go through the roof. Been shilling ever since. Remember, you almost never end up making money the same way you lost money. Just admit you got scammmed, bamboozled, hoodwinked, had, took...

Amazing-Ad-8239

Biggest words of advice are to DCA. Buying into BTC and ETH now while the price is high is fine, just as long as in the future you DCA at a lower price. Even in saying that though, BTC and ETH are still yet to make their new ATH. If you want safe and good investments, you should always consider coins that have survived the bear markets which actually have use. Here's a list of a few: VET HBAR DOT ADA ALGO MATIC Yes these coins may not see the same gains as other newer coins on the market, but if you want to be safe, they'll be safer. Safe trading!

Amazing-Ad-8239

If you want an investment for a longer term investment (beside 40-50% of your wallet being BTC): VET AVAX DOT LINK MATIC ADA These may not pump like they did last season, just as an FYI. And there are so many more. I am currently considering getting into: PropC CFG OP Trade safe!

Yok_Mu_Beni_Siken

Thanks to DOT I have $250. The secret to my success was starting out with $800.

trippy1

Now, if only DOT can do something other than cause me pain and depression. smh....

CointestMod

#Polkadot Con-Arguments Below is a Polkadot con-argument written by Shippior. > Polkadot, while an interesting blockchain and often shilled as the one blockchain to rule them all, is far from ideal. A minor side note is the name of the blockchain which often leads to a small chuckle the first time that the name is heard. Rumor has it that the Web3 foundation has already hired a marketing firm to rebrand the Blockchain to a more mature entity. > > Polkadot focuses mostly on institutional parties instead of retail investors, thereby foregoing a very large group that has significant funds available to invest. The environment that has been developed by the Web3 foundation itself, the Polkadot.js wallet is clunky in its use to say the least. It isn't as flashy and easy to use as many other wallets on the market and it has withheld many investors from using it. Next to that the minimal amount of DOT to be able to stake is currently 120 (~$3500). It has fluctuated between 0 and 220 in the past which made retail investors a target to be dropped as nominator and thereby losing their staking rewards while they need to wait 28 days to unbond their DOTs that have been staked. > > These three facts (clunky wallet, large unbonding time, large minimum staking stack) lead a lot of retail investors to keep their DOT on the exchange where they receive a smaller staking fee than is received by the exchange, effectively increasing the wealth of the big players. > > All in all DOT is not the most easy to invest in crypto for retail investors and therefore will not become one of the key players in the cryptoverse. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polkadot) to find submissions for other topics.

Fair_Raccoon9333

>Solana has the best dapps already tho? SOL is full of eth dapp knockoffs. >Why not just use one chain, it makes it simpler Same reason DOT needs multichain solutions. >Also sol is faster and cheaper. SOL is slower and more expensive than ETH L2s and transactions are failing at high rates.

Fair_Raccoon9333

In effect all we are really talking about from a user experience is transaction fees and time to bridge. Users don't care if you think it appears patchwork or not. They want the best apps, the TVL, the access to liquidity. DOT replicating ETH's smart contract environment has been done numerous times by other chains and doesn't change the aforementioned user priorities.

toosadtotell

> similar to Ethereum's smart contract environment but within a scalable node network like Polkadot. Exactly. They are laying the ground for a better architecture. Since polkadot is already layer zero and secures the network implementation of smart contracts while retaining a scalable modular network is what’s sets it apart . You mentioned third party teams developing layer zero on ETH to help bring all L2s seamlessly . Apart for the fact that this sounds a lot like trying to scale like Polkadot does , in practice this adds complexity to an already complex ecosystem of dapps and chains that are not communicating with each other from the onset on ETH. And this is why all attempts at scaling on Ethereum appear as patch work because it was not build in modular , layer zero approach first . This is again what sets Polkadot apart . It is build from the get go to scale . Adding a smart contract layer to the existing layer zero will be seamless and not rely on dozens of third parties and teams . The relay chain will merge with the Jam architecture seamlessly while retaining the DOT token utility to service all chains and services on JAM .

Fair_Raccoon9333

>Eth is expensive , slow (15-35 TPS ), and hard to scale without using l2 s that are also very expensive to bridge assets with DOT would have the same problem if it was being used. >Everyone who tries to bridge assets from L1 to L2s knows the pain. Not really. It takes a few minutes to bridge assets to different parts of the ETH ecosystem and costs pennies if you are using L2s. Maybe you are working off old information? >The future is multi chain There is no practical difference from a user experience between the ETH ecosystem and DOT's multichain.

coinfeeds-bot

tldr; At Token2049 in Dubai, Polkadot co-founder Gavin Wood introduced the Join-Accumulate Machine (JAM), a major revision for the Polkadot network. JAM aims to replace the Relay Chain with a more modular, lightweight design to enhance on-chain processing and logic execution. This upgrade could improve scalability and performance, allowing for a broader range of decentralized applications. To promote this transition, the Web3 Foundation announced a 10 million DOT incentive for developers to adopt JAM. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

DMT_Elf_on_a_shelf

Check out Cellframe. Ticker is $CELL. Chef's kiss of tokenomics. They've built an interoperable quantum-resistant multilayer chain from the ground up. It's like DOT on steroids.