DOT

Hungry-Class9806

>Of course, to throw in another cliché, no one knows shit about fuck. But if there's one thing that I learned from the first cycle, take your profits and don't get caught holding the bag. Unless you're planning to long term hodl, in which case corrections are irrelevant. Pretty much this and I've been emphasising for the past years. Last bull I was fortunate enough to grab amass a considerable amount of tokens on ICOs and on their first months (mainly AVAX and DOT), realize profit when they went up, sold to get my initial investment and left the rest staking. Right now I have zero psychological pressure, I depend on my salary, occasionally DCA and don't see a reason to sell. But I know a lot of people who "fell in love" with their bags, didn't sold and had to sell on massive losses. >The bull is fun, but the bear is where you make money. 100%

LargeSnorlax

Who the hell was bull posting about DOT? It has infinite inflation and zero buying power. I don't even know why you'd buy DOT. It had its cycle *and* its bounce back to 20% of its ATH, despite literally infinite selling pressure. At some point you have to cut the anchor and sail off.

noviwu97

Definitely the most valid reason to still hold DOT

Niket___

Still bullish on DOT because im bagholding and dont want to kill myself.

LargeSnorlax

Do people just have short term memory loss or something and forget everything is up super massively since a few years ago, not even covid time? Or are people's investing times like, 1 month tops? ETH was range bound for over a year at $1-1.5k. BTC sat between 15-25k. [These are the prices just a few years ago at this time in November](https://coinmarketcap.com/historical/20221120/) - You basically would've had to actively try to lose money (Investing in DOT/ATOM) - Was everyone asleep? Where were people during this giant lull in crypto? The market has been going crazy for almost 3 years now - And people are talking about "fear not seen since Covid" - Speaking of Covid, it wasn't even that long ago in investing terms (5 years) and Bitcoin was $5,000 then. 5 friggin years ago. [Prices during Covid](https://coinmarketcap.com/historical/20200322/) - People aren't making money? There's no way to say it other than they just straight up suck at investing and should probably stick to ETFs

Iksf

DOT hype

noviwu97

Many alts broke all time low today like DOT. It's crazy just few months ago people were still bullposting DOT with their only thesis being "it hasn't pumped yet".

toniistheworst

Before investing any notable sum into these markets, try things out yourself first of all. Try making 20 dollars out of 10 dollars for example, and see how that works out. Those are little sums that don't hurt, but they give you realistic and reasonable expectations. Unlike those people who tell you that this and that coin is going to pump hundreds of percent lol. (Spoiler: no one actually knows) With that said, do NOT enter this market immediately without a bit of firsthand experience, even if you think you're gonna miss the boat if you don't invest now - trust me, you won't and there will always be opportunities since crypto and especially altcoins regularly go through heavy dips. Also, don't listen YouTube videos or posts on X, or even reddit as i mentioned. The vast, vast majority of people post on social media to either shill you their altcoin or to get attention. 99% of them are NOT here because they know something and want to share it, always keep this in mind. Check the legitimacy of people's claims, check their track record etc and if you can't find any proof of them actually being profitable themselves, disregard them. There are legitimate people and sources out there of course, but they're the minority. But that shouldn't be your main focus anyways. Figure out things yourself by trial and error first of all. This is the only way to actually see how this market moves. Whenever you see some kind of strategy on the internet (including here), always try it yourself with very small sums first. All of this will take a lot of time, but if you don't want to be burned hard and if you don't know how to handle being 50% underwater for example, don't put serious money into crypto. Try everything to eliminate feelings and emotions. Make a solid plan beforehand, that includes an invalidation. Know when you're wrong on an investment and cut losses when that invalidation is reached. Define levels where you want to take profits and follow through with that. ALWAYS know what to buy, where to buy it and for what reason. Know where youre wrong, know where you want to take profits BEFORE buying anything. Never buy when price is rising quickly, never ever get fomo and always look to buy during bigger drops. That's the only certainty I can give you, drops will always come at some point and they're here to be taken advantage of. And again, be very very and extremely careful with crypto influencers and that kind of stuff. Most of them are here to make money themselves, not to make you money. Do not fall for their stories as to why this coin is the future or whatever, because they really and actually don't know more than you. Always go into these topics with a certain level of skepticism, including my post here. Develop an approach that works for you first and foremost, ideally based on data and probabilities. And again yes, this will take a lot of time and effort, but if you don't want to be part of the 95% constantly losing money, then that's the route you'll have to go. :) Also regarding your altcoin portfolio: Be aware of the fact that pretty much every altcoin isn't really made for the long-term, most of them go through 90%+ drops at some point and that makes it really difficult to be profitable by just holding them. Just look at the price history of Solana for example. Dropped 97% during the 2022 bear market. And this is one of the very, very few exceptions that managed to make new all time highs after such a huge drop. Most of them never recover from that, very important fact to be aware of. And those drops will happen at some point and you have to always be ready for this. Again, in my opinion, you should never really invest longterm into altcoins for that reason. They're made for the shorter term. They can rise quickly but they will also drop again just as quickly. Don't hold onto a specific altcoin for dear life as most of them historically became pretty much worthless after a few years. Again, there are exceptions but generally you can say that most of them pretty much die off after their 90%+ drop. Just look at DOT, ATOM, ICP, POL (formerly MATIC if you ever heard of it), ADA (Cardano), VET etc etc. This is what you're gonna have to deal with when investing into altcoins. For actual investments, it's better to stay in Bitcoin since it's the only coin with a proven track record. You know that it's likely going to move higher in the longer term. Maybe you can also include Ethereum, but other than that, no coin has proven itself as a true investment so far. Sure it's a lot more boring and all that but be aware with what you're dealing with when diving into these other coins. ;) Good luck out there.

DeaderthanZed

How do you decide value without looking at market cap? You mention price to earnings but you get the P/E ratio by dividing market cap by total net income. A large market cap isn’t good or bad its just how the company is valued. Nvidia is a $4.6 trillion market cap. Although in crypto since most projects are vaporware or otherwise just a flash in the pan you should use market cap (along with volume,m and social media activity) to measure how early you are. But yeah, many hyped coins over the last few years launched at artificially low market caps by only releasing a small number of tokens with gigantic insider unlocks in 6-12 months (“low float/high fdv” see here: https://cobie.substack.com/p/new-launches-part-1-private-capture) The result is a chart that looks like this: https://www.coingecko.com/en/coins/celestia All of those cryptos you lost at the end of your post (other than MAYBE Ondo) are prime examples of L1s that have zero adoption just like DOT and are just slowly fading in mindshare. You can’t measure based on “doing big things” that’s irrelevant and not objective. Adoption is what matters. Zero of these chains have any apps that have any product market fit (think polymarket, hyperliquid, pump fun, open sea, Magic eden, etc.) Not a single utility or meme coin anyone wants to go on to their chain to trade. No revenues. And in reality very few developers or any kind of meaningful economic activity. They are all dying cults.)

Sandharbor

Alt season was in 24’ certain coins and narratives ran hard, I think most thought this was a precursor of what was to come later in the cycle.   By mid 25’ when alts weren’t climbing with BTC it became obvious they were unlikely to explode up in price.  It’s like people forget BTC does lead but alts follow, they don’t traditionally have a magical run after BTC makes its entire run, they run with it.   Not that rare either for alts to peak before BTC. Some easy example last cycle oracles like LINK, some web 3 projects like DOT, also believe many defi projects topped on the first pump and never retuned to their highs when BTC made its ATH. 

Almost_sober

I kinda like DOT’s resilience. Buying some more.

Different-Thanks-431

I feel it is accumulating because the last time we saw BTC at this price was about 6 months ago which later happened it sky rocketed from there. Diversifying into alt dips is also a great move as LINK, AIOZ, SOL and DOT are solid move to buy now at low.

DeaderthanZed

Supply doesn’t matter as all these cryptos are nearly infinitely divisible. The rate of ISSUANCE matters because that’s basically inflation. A deflationary or less inflationary crypto is better for long term holding all else being equal. But price x supply equals market cap. Market cap is what you look at for valuation not price. An asset with 100,000 units priced at $10 is the same as if it had 1,000,000 units at $1. The unit of measurement is illusory. Market cap is the same. All that being said you are almost on the right track of looking for L1 cryptos that have adoption EXCEPT Sol, BNB, and Eth are the only cryptos to meet your criteria (outside btc which is it’s own thing.) Every other l1 ecosystem is completely dead and polka dot might be the deadest among them all. There isn’t a single app in the entire DOT ecosystem that has any product market fit. Not a single token on SOT that anyone wants to be. Really no reason to ever venture into the polka dot parachain ecosystem. So whatever games they play with supply are completely irrelevant. DOT is likely to continue eroding value as measured against btc as the previous cycle’s hype over its promise grows more and more distant and the reality sinks in.

Alimakakos

I'm sure a lot of ADA ALGO DOT ATOM MATIC and the like are feeling bad...but not as bad as the FTX and Voyager and Luna guys!

elidevious

DOT

noviwu97

This sub be like: ADA, XNO, ALGO, VET, POL, DOT, LTC

pressresetnow

A lot Zcash fanboys will soon join league of forever holders, like last season wanders DOT or ADA or a fairly recent tech miracles like Kaspa or Render.

AuspiciousEther

ETH is up +700% over the past 5 years though, so I guess OP holds some other coin. Edit: took a quick look, but almost everything is significantly up over the past 5 years. From the well kown coins, I only found DOT so far to be down. Even Litecoin is up, lol.

Zealousideal_Rain_79

Focus on DOT. It will lunch its ETF in a few days!

Aazimoxx

If your investment portfolio isn't diversified, then you don't know what you're doing. This was true in 1940 with stocks and shares, it was true in 1980 with precious metals, and it's true in the 2020's with regards to crypto. Look, I picked 5 cryptos: BTC, XMR, ETH, LTC, DOT. Now, looking at 01 Nov 2020 to 01 Nov 2025, that portfolio would put you at +353%, despite the last two not doing great. If you bought this portfolio at ANY of the ATHs of each coin of 2020 (each coin's ATH of that entire 12mth period), then gains would've been between 250% and 340%. 🤷‍♂️ If you had other investments in gold, or major stocks, then those would likely have treated you well enough (+50% to 150% for many) over this 5yr period too. Buying the S&P 500 even at its mid-2021 peak would've given you ~+50% (+25% adjusted) by today, for a much lower risk investment... But that's not usually what people here are looking for 😜 Personally, if I was heavy in a coin that's doing poorly without signs of recovery, and didn't want to go to the trouble of diversifying, I'd just convert into BTC and hodl for the next 12-24mths to regain some of that. A relatively 'safe' bet in this environment.

MusaRilban

Sorry. I don't think that's going to happen. The new theme is privacy and probably a bit of compute/AI. I can't see DeFi making a resurgence like it did, especially something as inflationary as DOT. I sold all of mine at a loss and moved it into Ergo. You need to find a smallcap and rotate in.

gowithflow192

I believe BTC is done for this season. I think a few alts will pump. Trending low and due a pump I want to cut this list down to half to concentrate my trades: ENA, UNI, DOT, SHIB, LINK. Wait for the pump then sell 2 weeks in because they always dump back down. Which are your favorites out of that list and why?

Tip-Actual

DOT wants to give birth to a baby boy named JAM.

Niket___

DOT touching 15$ would convince me we are in altszn.

Zealousideal_Rain_79

Yeah! DOT and FET went parabolic! BlackRock’s buying DOT ahead of the upcoming ETF and the Polkadot 2.0 network rebirth. They’re also getting into FET because of the AI agent narrative.

Euphoric_Win8199

What do u mean dumping. ICP is going up strong, DOT, CRO, FIL, GALA...

ZioYuri78

DOT up 27%, now i'm only down 70%

Dismiss

Am I dumb can someone explain why my DOT bag hold is suddenly +25%

biba8163

This is your 2025 Altseason. Have you said thank you once? - ZEC +20% - DOT +8% - ICP +32% - FIL +58% - ATOM +6% - FET +16%

Mirko_91

An investors primary concern is price performance. Every bag holder claims their bag is making a tech revolution, check DOT, SUI, SEI, APTOS, SOL holders. I dont care about your tech revolution predictions. And neither does the price.

Niket___

DOT on a little tear!!

Nikkio077

Bought 20 $DOT around 4 years ago, what the hell I was thinking? Now it's so low I keep telling myself "sooner or later it will pump, it can't end like that.." jokes on me

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RandomJoe7

Well, we at least have in common that we're both old enough to have been around during the DOT COM bubble. :) I don't necessarily disagree with you, there will undoubtedly be some "gems" coming out of this cryptosphere. However, and we probably agree in this as well, 99% of the 1000000's of coins are pure spam. They more or less all use the same language, trying to hype some future technology, that it's the next big thing etc... and in reality it's mostly just copy/pastes from each other, with a creator who is only trying to make a quick buck. And this is a scenario where I am no longer willing to try and "pick" the right one with my money, in the hopes that I won't get rug pulled, dumped on, or it just sliver into the abyss of uselessness. Hence my post: if (more likely when) I invest again, it'll most likely just be in BTC, as the other stuff is way too gambly.

Ricola63

I get that.... But the truth is that is perfectly normal in emerging markets. You have a period of hype, followed by a period of nothing (or a feeling of nothing) and then slowly the utility emerges. The more funds raised in the Hype cycle the longer the hype cycle lasts. After all, why deliver utility when you can spend $1Mn on marketing and raise $50Mn? I am old enough ot remember the 2000 DOT COM boom and bust. It was exactly like this. BUT, the people engaged in it were people buying stocks. There was a little more grit in the cogs than there is today. The Hype BOOM lasted perhaps two years. And then.. Crash. It took four or five years plus for the true winners to emerge. With Crypto there has been a longer boom (in fact its been transformed into Cycles). But just as you pointed out the people are worn with it now. They feel much like you do. So how does anyone in the business actually make money when they can no longer fleece the unsuspecting? Well, they are quite literally forced to move from Hype to Utility. That\`s how. The time is rapidly approaching when all the major players, from ETH down (because BTC has reached a slightly different plane IMO - one I do not subscribe to as it happens) are going to be measured on delivery, performance and proof, not mealy mouthed half baked truths, smoke and mirrors or outright lies. And that makes me very happy.

Antique_Tale_1865

DCA doesn’t make sense her, I think the sub has bee DCAing in Cardano, DOT and Vechain already for 5 years. Wondering when the DCA ends

KIG45

I have Algo and DOT

pref1Xed

DOT has been dead for years now bro

Ssjtwin

Yep but people will say you’re wrong like buying Q4 22 wasn’t the easiest shit ever. Loads of people said last cycle we wouldn’t get a bear again but we did. You still have people bag holding DOT, LTC, ADA, ALGO and other crap because the JUST HODL mentality.

dumeclaymore

Wish I knew this before I got convinced by a certain 'crypto guru', last cycle that niche altcoins and some select shitcoins were the future and I decided to convert ALL my hardearned ETH into DOT, Harmony and shitcoins like Trava & Floki which were all at their ATH.I was convinced they would all at least X50 -X100 💀 Months later Harmony chain got hacked, DOT which was supposed to be the ETH replacement floundered and the BSC shitcoins like Trava rugpulled.

cutcoturge1

As someone who lost their ass on Cardano, ATOM, and DOT a few years back. My advice is this. Buy BTC, straight up purchase (no leverage), get it off the exchange, put it in cold storage, in a safe, don't lose your 24 word key phrase, and forget about it for a decade. Enjoy your life. Discover generational wealth in 10-15 years.

0mnipath

There was no way to tell shitcoins from not shitcoins. How exactly do you do that? And not all of them shitcoins. I put big amounts into DOT, ADA, MATIC, ALG which had the hype of good projects. All those projects are doing very poorly with their prices while SOL and XRP jumped heaps, for example.

LargeSnorlax

There was actually an extended rally most of of 2024 as well, SOL and memecoins were going insane and you could easily make a ton of money if you were paying any attention Now I'm curious - What were people talking about in here in December 2023 when you could be making 100xs? https://www.reddit.com/r/CryptoCurrency/comments/18g8afh/daily_crypto_discussion_december_12_2023_gmt0/ - People complaining about the daily not being pinned - AVAX, vechain (they were going up I guess) - Nano (lol) - DOT - ATOM - TIA - ADA So really, people are just married to their old badly performing alts and only cheer when they're going up, totally ignoring everything else that's going on and missing out on all the stuff that's actually doing monstrous returns

DryMyBottom

man, I didn’t hear about DOT forever

thenamelessone7

I find it funny how I bought some DOT at 7 bucks in Q2 2024 and I am 60% underwater. How could it even drop 60% from before the cycle's bull levels 😂🤣

jwz9904

DOT

HacksawJimDGN

What would you do with 80 DOT with an average buy of $3.10?

ZekeTarsim

DOT is so brutal. 😭

-AgitoMakishima-

I just want DOT to get back to $4.30 so I can get out without a loss. 28 day unstake is killing me. :(

scottboy34

Crying in DOT

Rory_1354

They're putting in all time lows because they're complete shitcoins. ETH, Solana and Xrp are way off ATL. I said pick any coin outside the top 10, pepe has outperformed DOT this cycle. You are down if you bought DOT at any time during its lifespan. It's over man accept it.

Mirko_91

Im not familiar with details about VET, all i can say is that people say the exact same things about DOT, ADA, SOL, SUI, APTOS, SEI, <insert any bleeding alt name here> My wild prediction is that all those alts will value less in BTC then they do today in a few years. Why take the additional risk of alts, only to be outperformed by the safest options which is BTC ? Even ETH which is the safest alt out there is performing poorly compared to BTC. Your chances to find an alt which wont bleed against Btc in they next year or two is basicly similar to playing the lottery. People keep thinking that the post covid money printing alt-season era will repeat again, when in reality it might never come. Cool new shiny alts will have their short lived pumps after which they will continue to bleed, just like everything else does.

whoisww-

Why does DOT keep getting ETF deals then? Apparently a lot of financial firms know less than you do

Rory_1354

VECHAIN, Matic, DOT etc.. you name the alt outside the top 10 and they're all dead. They might pump and you'll be lucky to get out but in terms of actual any use, they're all complete shitcoins

biba8163

> Alts are maybe struggling for people who bought them at ATH, but if you look at the lows across time You are looking at lows across time in October 2025 with the knowledge of where you know the lows are. People buy shitcoins when they are undervalued like DOT at $24, ADA at $1.15, LINK at $27, etc. They don't know that these are NOT the lows at that time. Then people go back and fictionalize that they timed the market and bought most of their coins at lows. To make money on coins that are not appreciating long term you have to have impeccable timing and and a crystal ball to tell you to buy the low and sell the high. Sure some people do it but most lose money. > Polkadot (DOT) is incredibly undervalued. Tomorrow, its first parachain becomes tradeable! Five chains launching on it this month. (DOT $24) https://np.reddit.com/r/CryptoCurrency/comments/rzx79w/polkadot_dot_is_incredibly_undervalued_tomorrow/ > Cardano's at its most undervalued price in almost 2 years, data shows (ADA $1.15) https://np.reddit.com/r/CryptoCurrency/comments/sp2rch/cardanos_at_its_most_undervalued_price_in_almost/ > Chainlink is grossly undervalued and It will outperform others (LINK $27) https://np.reddit.com/r/CryptoCurrency/comments/q4sl06/chainlink_is_grossly_undervalued_and_it_will/ > MATIC is the most undervalued project considering it’s performance (MATIC/POL $1.15) https://np.reddit.com/r/CryptoCurrency/comments/pyttnp/matic_is_the_most_undervalued_project_considering/ > Why is Litecoin so undervalued in price? (LTC $240) https://np.reddit.com/r/CryptoCurrency/comments/mx5eht/why_is_litecoin_so_undervalued_in_price_read_op/

RamoneBolivarSanchez

Lol the attempt at shilling DOT here is admirable but I’m not sure anyone is ever going to buy those bags man 😂

ieatmoondust

DOT is for sure my worst investment ever.

jwz9904

i have DOT and POL, i still use the polygon network though.

Mavihs22

I made that mistake, not going to repeat it, always choose DOT over other coins, had the opportunity to buy SOL and DOT at the same price, I chose DOT over SOL...... But Always thanks for the lesson 😉

TotalRepost

You’re trying to flex when DOT is under $4? You do realize that the ETFs and DATs are now mostly to fund more exit liquidity, right?

FiB_VIKING

I'm also down alot on my DOT but wishing for it come back to around 10-20$ range so I can exit :D

lordofming-rises

I guess its time I sell my stupid DOT bought at 20dol in 2021

mohicanin

Made decent amount off DOT and even more spotting Kusama early around $1 lol

biba8163

- Every single interest earned in DOT still leaves investors at a loss

biba8163

-DOT BTC high was 0.00095333 in May 2021. If it kept up with BTC, the price would be $102.75 -DOT BTC ratio was 0.00052288 in September 2020 when /r/cc first discovered it. If DOT just kept the same ratio it would be $56.38.

Puzzled-Union6653

yeah, well you should be earning interest if your participating in DOT.

biba8163

DOT is 1/2 the price it was 5 years ago when /r/cc discovered it after it suddenly appeared in the CMC top 10. - Every single early buy is a loss - Every single buy at the top is a loss - Every single buy at the bottom is a loss - Every single dipping buying is a loss - Every single DCA is a loss The only WIN is SELLING. HODL, buy the dip, DCA, etc never was intended for shitcoins. > Where did Polkadot come from?? (September 2020, DOT $6) https://np.reddit.com/r/CryptoCurrency/comments/ilggg1/where_did_polkadot_come_from/

biba8163

> staking apr is amazing I warned people of this shitcoin trickery > *"Inflation is not the main issue. For many alts like DOT the inflation can be combatted by staking"* (September 2023) > Inflation is not an issue for my shitcoin! > - ALGO -95% from 2021 prices > - DOT -92% from 2021 prices > Way to combat inflation by staking! > For most shitcoins, staking is used to fool people into thinking they are earning a high APY by HODLing which may stabilize the price somewhat so that founders, insiders and devs dump on you. > Shitcoin tricks to lure and dump tokens on dummies. https://np.reddit.com/r/CryptoCurrency/comments/16ognen/comment/k1klhtr/

biba8163

> Now let's compare their circulating supply now and 3-4 years ago I kept on doing this in the bear market when people should have been buying Bitcoin and not token dump scams. I mostly got called BTC Maxi who doesn't understand technology and Web3 tech memes > people pick hyped projects with the shittiest tokenomics almost ensuring they lose money: (April 2023) > - Avalanche Snow Dump 76 Million to 326 Million since 2020 (330% inflation in 2 years) > - Hedera Hash Trash 6.6 Billion to 30 Billion (400% inflation in 2 years ) > - AlgoScam 1.1 Billion to 7 Billion (530% inflation in 2 years) https://np.reddit.com/r/CryptoCurrency/comments/12iwfi2/comment/jfvwsie/ > Most of you are getting scammed with these token dump projects whose value is much lower than it was before the 2019 bullmarket or haven't made any gains since then (June 2023) > - CRO is down ~-50% since 2019 > - XTZ is down ~-50% since 2019 > - ALGO is down ~-50% since 2019 > - HBAR is down ~-50% since 2019 > - DOT is at 2019 price level > - ATOM is at 2019 price levels > OP and noobs don't realize how much projects from the previous cycle also shilled that they were building solutions and partnerships relentlessly through the bear market. Every token dump project says they're building innovative, world changing solutions through blockchain tech. https://np.reddit.com/r/CryptoCurrency/comments/14aq1a9/why_stop_dcaing_into_alts/joca4oa/

biba8163

> DOT fucking sucks I've only been warning about DOT over and over again for 6+ years while being attacked for being a toxic BTC Maxi who doesn't understand tech > Don't worry, a new round of shitcoins will be coming with new hype. Soon people will be shilling about Cosmos, Polkadot, Hydera Hash, Fantom, Radix, etc. Some of these other coins that are in the top 25 will be gone the way Stratis, Golem, MaidSafe, Bitshares, SingularDTV which were in the top 25 at this time in 2017. (May 2019) https://np.reddit.com/r/CryptoCurrency/comments/bjohvq/daily_discussion_may_2_2019_gmt0/emd4p9j/ > And like I predicted new shitcoin scams like Cosmos, Polkadot, Hydera, Fantom, etc did pump. And expecting these scams to be around in a few years is just as foolish as those people in 2019 who were expecting Stratis, NEO, IOTA, EOS, etc to be around (October 2023) https://np.reddit.com/r/CryptoCurrency/comments/17506yp/daily_crypto_discussion_october_11_2023_gmt0/k4ecz87/ > "You've been ~~jammed~~ SCAMMED!" (April 2024) > 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. 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... https://np.reddit.com/r/CryptoCurrency/comments/1cba3z2/polkadot_unveils_jam_major_upgrade_10_million_dot/l11p9sg/

B0risth3Blade

DOT has been the shittest investment of my entire life. I feel your pain. The copium is off the charts in the DOT sub. I want to go back 4 years and punch myself in the face for buying a pink asshole.

randomdimised

As a holder of DOT it fucking sucks

Outrageous-Net-7164

DOT ?? That peaked and died in 2021. No one cares about parachains.

Every_Hunt_160

The 7 days chart on coinmarketcap front page for popular coins is a freaking nightmare, Litecoin -31% Avax -30% SUI -30% DOT -30%, OP -41%, Cardano Doge Link -25% , these aren't just memecoins but a lot of them so-called 'Blue chip altcoins'..

LegendaryJohnny

Go to any coin outside big 5, check 5 year graph since end of last true bullrun. Come back and tell me where the channel goes. Check big 2020 coins like UNI, DOT, AAVE, AVAX and many more

IntrepidTraveller6

The market has matured. Institutions are playing now... they have more money than us plebs can fathom. They aren't going to be buying the seemingly infinite number of shit coins that frankly plague this industry. Yes the market is dropping, cycle scheduled ending has come. Does this mean we are destined for a bear market... no. QT is ending, liquidity is coming. Quality coins like BTC, ETH, and perhaps ADA, LINK, DOT, SOL etc are going to survive and likely thrive in this macro environment. The debasement trade is still in play. The bigger question is are we on the edge of the next great depression. I say probably. And in that environment things like FARTCOIN are going to be even more worthless than they are today, which is hardly imaginable given it is already worthless.

biba8163

It was obvious 2024/25 looked nothing like previous cycles waaay back in July 2024. I'd been warning noobs we're in a completely different game this time for 15 months now. But scammer Youtube and other crypto influencers kept pointing to meme metrics like BTC.D, Fear & Greed Index and told them Altseason was coming and it would pump their bags. > Exactly what is wrong? We are crabbing like we always do post-halving. (July 2024) > Agree to disagree. > - 2016 we crabbed at ~$600 range post halvening for months until EOY > - 2020 we crabbed at ~$10K range post halvening for months until EOY > - 2024 we hit ATH pre-halvening and we're starting to crab near ATHs https://old.reddit.com/r/CryptoCurrency/comments/1eellzp/daily_crypto_discussion_july_29_2024_gmt0/lfhdf1d/ > Noobs who weren't around in 2016 and 2020, you should know that 2024 looks very very different so far than at this time frame in 2016 and 2020. (Nov. 5, 2024) https://np.reddit.com/r/CryptoCurrency/comments/1gkfvzs/bitcoin_price_crushing_altcoins_heading_into_us/lvlrry1/ > The market is changing: ETFs, MSTR, etc account for a lot of the inflows. This money is not going to leave BTC seeking greater return on Alts (Nov. 13, 2024) https://np.reddit.com/r/ethfinance/comments/1gq6ahm/daily_general_discussion_november_13_2024/lwymxl9/ > Each cycle is a bit different. Too many people are saying, just hold on to your coins, it's playing out exactly the same. (Nov. 13, 2024) https://np.reddit.com/r/CryptoCurrency/comments/1gqexix/why_are_there_so_few_active_users_when_btc_is_at/lwxx36a/ > Be careful of people telling you this cycle is playing out exactly the same. ETFs, institutional and mainstream involvement, memecoins, L2 options and ETH competitors, it's very different (Nov. 19, 2024) https://np.reddit.com/r/CryptoCurrency/comments/1gujmk1/daily_crypto_discussion_november_19_2024_gmt0/lxyt5pw/ > *"Most altcoins barely even moved before Feb-march last cycle"* (January 2025) > If you only entered late last cycle, please don't make things up > - ETH reached ATH on January 25, 2021 last cycle > https://np.reddit.com/r/CryptoCurrency/comments/l4bo67/eth_breaks_ath_of_1440/ > - ADA went from $0.05 in the summer of the halvening to $0.35 by that time last cycle > - BNB went from $15 range to $100 by that time last cycle > - DOT went from $5 in December to $16 by that time last cycle > - LTC went from ~$50 in late 2020 to $170 by that time last cycle > All while the halvening has been 1 month earlier this cycle so in terms of cycles we're in mid-Februrary already if you believe we are still having cycles https://np.reddit.com/r/CryptoCurrency/comments/1i7q0z8/daily_crypto_discussion_january_23_2025_gmt0/m8rj5qq/ > Unless you go back to 2011, 2012, 2013 when it was a tiny marketcap, *BTC has never had 100%+ gains for 3 consecutive years. It's going to be even more difficult to have that type BTC performance 3 years in a row and now with a ~2 Trillion marketcap.* > A lot of people are holding heavy Alt bags rationalizing a huge Altseason is coming this year. Your Alt echo chambers are telling you, it's 100% happening. There is zero percentage chance of that happening without another big BTC leg up so it would be wise to temper your expectations. (January 1st, 2025) https://np.reddit.com/r/CryptoCurrency/comments/1hr1bgb/btc_returns_2010_2024/m4uaz4g/

OnlyCollege9064

Interesting conversation. I think that one could argue that different rules should be applied to different “things”. Bitcoin is not the same as other crypto currencies, and a crypto like ETH, SOL, ADA, XRP, DOT and some others are not the same as the newest token created by a random dude or dudes that “serves no purpose” other than making it viral and get money out of it.

DryMyBottom

haven't heard about DOT in a very long time

biba8163

DOT is 1/2 the price it was 5 years ago when /r/cc discovered it after it suddenly appeared in the CMC top 10. Virtually every poor gullible soul who put money into it is at a loss after 5 years. *No survivors. No mercy.* > Where did Polkadot come from?? (September 2020, DOT $6) https://np.reddit.com/r/CryptoCurrency/comments/ilggg1/where_did_polkadot_come_from/ DOT is a paragon of crypto meme tech scams. Crypto technology that nobody needed or asked for, looking for a use case.

nugymmer

What makes you believe ADA and DOT have anything in relation to LINK in terms of price performance? That is suppositional at best, and outright ignorant at worst. LINK has no relationship whatsoever to do with ADA and DOT as they are chains, whereas LINK is chain-agnostic.

JediMasterDebater

I dont necessarily agree. If he was stuck in 2020 he would be talking a ton about ADA, DOT and LINK right now. I would argue he has evolved beyond the 2017 / 2021 cycle approach, while most are still stuck hoping to hit it big in the shitcoin casino. His approach is certainly focused on taking hints from previous cycles to navigate new ones, but that doesnt mean he hasn't evolved.

biba8163

> evaluate cryptocurrency simply on the merits of the developers behind these projects, then yes, you can focus on the fundamentals Evaluating cryptocurrency based on the merits of the developers is another great way to lose your money. - **OMG down -99.3%** was led by Joseph Poon creator of the Lightening Network and was endorsed by Vitalik who was an advisor to the project - **BAT down -90%** was led by big brained Brendan Eich creator of Javascript and founder of the Mozilla foundation - **ALGO down -93%** was led/created by Silvio Micali winner of the prestigious Turing Award and professor by MIT - **DOT down -94%** was led/created by Gavin Wood who wrote the specification for the Ethereum Virtual Machine (EVM) and created the Solidity programming language. - **AVAX down -82%** was led/created by Emin Gün Sirer professor of computer science by Cornell University who authored academic papers on peer-to-peer systems and cryptography predating the creation of Bitcoin.

Shishiosan01

This probably has less to do with DOT and more to do with market dynamics, some of which might involve insider activity, though it’s hard to say for sure.

Bkokane

And a few more like ADA and DOT

Aromatic_Bed_8439

I think this may have just initially started out as a reaction to Trump's tariff threat to counter China's world wide rare earth minerals trade restriction, which then led to a massive FUD overreaction. And now, with the markets so jittery and fear that when the markets open up again on Monday morning it could be a blood bath, I wouldn't be surprised if the crypto markets ALSO get hit again possibly driving prices even lower yet. I have money ready to go if this DOES happen. I bought several thousand DOT when it's price crashed already and I've got my eyes set on other cryptos such as more XRP, SPELL, HBAR, DOGE, ALGO, ADA, FLR and some others. Those who can manage to buy now while prices are so low will likely be VERY thankful for doing so in the not too distant future.

lordofming-rises

Is it normal to feel overwhelmed by crypto? It's been4 years and I havent made any significant gains. I bet on DOT and ALGO and its shit. Sure i got some gain on CRO and BTC but not significant amount. I feel its just draining my energy. I will never increase my wealth and I wasted a whole bullrun for small gains.

Rare_Rich6713

If you want more gain, go for alts; if you want a safer way out, go for BTC. It's simple. Personally I have most assets in BTC and only a few in SOL, XMN, and DOT.

Agile_Excuse_5522

DOT

Impossible_Soup_1932

Just glad I sold some of my DOT before the big crash. Holding that trash for more than 4 years now

noviwu97

> Market always recover Say that to DOT or POL holders. Only applies to BTC and few select alts.

Walter-H-White-Sr

Yeah, absolutely. Woke up and saw everything down 20% and immediately bought another 210 #DOT

noviwu97

DOT were 0.001 on some exchanges too

noviwu97

100% of DOT and POL holders are in loss 🤣

SkibidiUnc

Funny how some coins on certain exchanges went to 0 lol (example: ATOM on binance). Today was the first time i bought Crypto since mid 2022 (when i left the crypto market after BTC lost the 27-30k support). Bought DOT and UNI 😋 this has some Covid crash vibes

ConsciousSkyy

Many people got financially ruined, literally, by buying DOT. If you were here years ago when it launched, everyone and their mother thought DOT was the next evolution of Ethereum- and the fact that an Ethereum co founder (Gavin) was involved really pumped the speculation even more.

jwz9904

lol DOT went to 60cts

Dismiss

Guess I’ll keep DCAing on DOT… week 384

Agile_Excuse_5522

DOT is going to 3-10x mark my words

Frequent_Optimist

39% on ADA, 41% on DOT. Goodbye old school shitcoins :)