DOT

biba8163

It's interesting how sentiment changes on a coin and a lot of people claim they got in early but the vast majority didn't. I remember noticing SOL a few times when it was between $0.50 to $4 and thinking to gamble on an Alt in the 2021 cycle to increase my BTC stack since I did 25X in Nano in 2017/18. > Number #91 on CMC Solana which claims 50,000 TPS and 400 MS block times and smart contracts https://np.reddit.com/r/CryptoCurrency/comments/ik9w8c/daily_discussion_september_1_2020_gmt0/g3mmcty/ But there were just so many concerns. The circulating supply was tiny and there was hundreds of millions to unlock and dump on the market. Nobody knew the price discovery or the market for it in a sea of coins all claiming high TPS and smart contracts. People thought $1 was overvalued and everyone agreed. > Solana (+441%) dump is going to be historic. Imagine paying over $1 when pre sale paid $0.04-$0.20 > It will come back down to $0.30 and that’s when you should load up > Imagine paying over 1$ a coin with no tech and a supply of 500 million coins. https://np.reddit.com/r/CryptoCurrency/comments/fykd3i/solana_441_dump_is_going_to_be_historic_imagine/ > Solana Unlocks 11.3 Million SOL Tokens secretly and then tries to cover up https://np.reddit.com/r/CryptoCurrency/comments/g9mf24/solana_unlocks_113_million_sol_tokens_secretly/ > What is Solana and WHY is it pumping like crazy? $3 https://np.reddit.com/r/CryptoCurrency/comments/i74xhp/what_is_solana_and_why_is_it_pumping_like_crazy/ The thing is all these concerns were valid and people got dumped to kingdom come on countless new fangled tech projects like ALGO, DOT, HBAR, MINA, etc. And SOL came out the winner. You really couldn't predict this in 2020. It was only in 2021 I noticed SOL had huge hedge funds and SPAC King Chamath Palihapitiya backing it and they would shill Solana on CNBC every chance they got. Remember, Chamath was in Bitcoin in 2013 and when asked about Ethereum in 2020 he said it was irrelevant and you didn't need anything besides Bitcoin. Fast forward a year later, he's shilling Solana on CNBC after he gets a huge vested interest.

fallleaves14

Well when anybody in my real life is chronically wrong about things and refuses to change their opinion when presented with the correct information I become distrustful of them and skeptical about anything they say going forward. JFK Jr is a 70 year old highly privileged man who has had the opportunity to speak to the leading scientists in the field of immunology and many of them say he refuses to listen to what they tell him and also lies about their conversations. To this day RFK Jr will give interviews where he talks about the dangers of vaccines due to the "mercury" he says is put in them. The truth, which has been explained to him many times by many scientists, is that thimerosal (ethylmercury) is completely different than elemental mercury (methylmercury) and doesn't behave in the human body in the same destructive way. It's been studied for the almost 100 years since it was invented by thousands of scientists from various countries and organisations around the world and found to be safe to use as a preservative in vaccines. You have to be a special kind of stupid to think that thousands of different scientists conducting hundreds of different studies over a hundred year period are all engaged in a conspiracy to intentionally poison people. He also acts like it's still used in all vaccines when in reality since 2001 it has only been used in a few different flu vaccines and there are thimerosal free versions of them available if people want. So since I know he has a chronic inability to tell the truth I'm skeptical of your claim about all these agencies getting significant funding from the companies they regulate I looked your claims up. I looked up the EPA and all the info I find online says almost their entire budget is allocated by congress and most fines are dedicated to rectifying a specific harm a company has caused - not used by the general budget. The DOT gets it’s entire budget from congress. The FDA does get 45% of it's budget from user fees companies pay to have their food and drug products tested. It's not clear to me what the conflict of interest is here? Getting companies to pay the cost to ensure their products are safe rather than citizens and consumers generally sounds like a good thing and it's also standard practice in a wide variety of industries. The CDC gets almost it's entire budget allocated by congress and nothing from private companies. The CIA gets almost it's entire budget from congress and a tiny amount from contract work it does for private companies. The FBI gets it's entire budget from congress and zero from private industry. The NIH receives almost it's entire budget from congress with a tiny amount from grants from private companies. So please tell me more about these "crooked agreements" RFK Jr is against because I'm not seeing it. Ironically police departments can receive significant funding from the tickets and fines they levy in addition to the auctioning of property they seize from criminals.

jesschester

Okay I’ll watch the clip, but the thing is that I find it hard to argue with what RFK jr is calling for, regardless of whether he’s right/wrong about the science. He just wants safety studies implemented on an institutional level, and to reform the regulatory agencies budgets so that they don’t get all their money from the industries they’re meant to regulate. This is the most ridiculous system ever. Imagine if police officers only made money in tips, from the people they arrest. Like I detain you for stealing and you say to me “I can give you a $10 tip now if you prefer, or you can take these handcuffs off me and I’ll run to the bank and get you $100 instead”. Imagine if that was how police officers had to put their kids through college. And that example isn’t even factoring in the patent royalties that regulators receive (for life) if they get a successful product on the market. And it happens in every industry, not just medicine; energy companies get to destroy the environment with impunity because the EPA gets something like 50% of their budget from them. the DOT, FDA, CDC, CIA, FBI, NIH, EPA and many more have crooked agreements in place. RFK wants to change this and I simply cannot argue with that. In other words, I would MUCH rather be wrong about supporting Bobby and find out later that his science was off, than to support the corrupt industry/regulators and be wrong about that.

biba8163

||BAGHOLDER|BINGO|| |:-----------|------------:|:------------:|:------------: | Ignore the price, fundamentals haven't changed | The whole market is down, not just us | Price is manipulated by whales | Market favors dogcoins, we're still very early | It was always a long term hold | Best Tech in Crypto | Reverse Reddit | Gary Gensler is holding us back | Don't sell at a loss, DCA more to lower cost basis | Buy when there's blood on the streets | Loving these low prices, I just wish I had more Fiat | Seriously undervalued, like buying ETH in 2016 | So much development, price just doesn't reflect it yet | WEB3 is in the DOT com stage, we're early| In X years, you'll be picking out the color of your Lambo | FUDDers make make bullish

AssociateOnly234

It was already at like 11.- a couple of weeks ago. Why shouldn’t it reach atleast 25.- because of some people selling on a loss? There will be a big wave of new investors coming with retail plus we got DOT 2.0 and many updates

biba8163

DOT actually has the same price that it has in 2020 - 4 years ago. But it has 600,0000,000 more coins in circulation. And is still inflating away like crazy. So supply goes up and up and up. And tell me where is the demand? Who wants the token and why? If you say *PARACHAINS*, you've been hoodwinked. Bamboozled. Led astray. Run amok. https://coinmarketcap.com/historical/20200915/

Captain_Fredl

Nice i guess ADA or DOT🤣

biba8163

These coins are all hitting All-Time Lows in Sats (BTC value) almost every single day for the past few weeks. The writing is on the wall. But when you are so emotionally invested and join circlejerk groups, groupthink tell you to double down and DCA more into a sinking ship. - DOT - ATOM - HBAR - CRO - ALGO

biba8163

Today the TOP 3 *"Most Advanced Crypto"* Projects, *ALGO, HBAR and DOT* all fell to their *All-Time Low* against BTC Expect frantic circle jerking of the technical achievements, technology advantage, ecosystem being built and the tremendous opportunity to buy an undervalued asset among bagholders.

biba8163

Looks right | Investment | Definition | Examples | |:-----------|------------:|:------------:| | Shitcoin | A coin where others made money but you couldn’t | DOGE, PEPE, WIF, BONK | Altcoin | A coin you hold for eternity hoping you’d make money off | XRP, LTC, ALGO, DOT, CRO, VET, NANO

vinsanity_07

I sold off my MATIC, DOT and others , put it into bonk and turbo and no fucking complaints at alllllll

simmol

Usually, when there is a big event (and no event in crypto is bigger than an ETF release), there is buy the rumor, sell the news. However, if you look at the 1 month chart, ETH is down -0.20%. In the same timeframe, BTC = +3.7%, SOL = +30%, XRP = +21%, ADA = +15%, DOT = +12%, etc. It is not surprising that a lot of alts are up higher than Bitcoin the last month as Bitcoin had its own issues with the German government selling as well as Mt GOX. However, it is surprising that ETH is down more than BTC when unlike the other alts, it has the biggest event in the ETF trading. So the only conclusion that I can take is that people are now so scared about sell the news that they don't even buy the rumor. That is, these events are sell the rumor, and sell the news types. Crypto trading seems to be changing as people are adjusting their strategies.

Nightmare_Tonic

Tons of memes fail all the time. You're naming the ones that were successful but you wouldn't have known that back when they started. I'm holding ADA and DOT too, plus a bunch of large caps. They'll go up. They won't go berzerk, but they'll go up.

Chronmagnum55

I'm sorry, but people on this sub did not tell you to buy ADA, XRP, and DOT. They get dumped on here all the time.

jinglesthemouse

Could’ve bought Doge, PEPE, WIF and secured my future but I listened to this sub and bought ADA, XRP and DOT. Smh I’m ruined…

BABYSWITHRABYS

I don’t know 🤔 I tried to diversify but dumped too much after last bull run. I got 70% BTC 15% ETH 15% in staking pools for SOL and DOT. DOT has the best return but the token doesn’t perform well so far. 🤷‍♂️

New_Specialist_6657

My lost crypto recovery journey started two months ago. I got to know of  Backend \[Recover\] AT rescue team///DOT com on a reddit forum. Someone testified about him, so I decided to contact him. He was so professional in dealing with me, answered all my questions, cleared my doubts, and did a fantastic job for me . What seemed like a joke has turned to reality. I am highly elated. You can contact him if you have lost your cryptocurrency online....

alesia123456

So many “safe bet Alts” like ADA,DOT,MATIC,XRP,AVAX and others creating new lows vs BTC

Oheson

True. But bad tokenomics, like in the base with DOT, could prevent it from reaching its previous ATH.

Oheson

>I thought with ETH cofounder behind it, it was going places What does that have to do with anything? No alt is used for anything. So therefore, tokenomics means everything. DOT tokenomics are awful.

jawni

one of the biggest pitfalls is chasing a project because of the founder's history (or anyone significantly involved), and hilariously all 3 of this sub's favorite altcoins check those boxes. ADA with Charles, DOT with Gavin, and ALGO with Silvio.

biba8163

> the way most make up for the issues around price is by staking People keep thinking that you make up for high inflation by staking. it's actually the other way around, high APY staking compounds the dump when investors eventually capitulate. Instead of selling 100% of what they invested, they are selling 115%, 120%, 140% or more depending on APY and how long they staked. Now, the stakers, bakers, governors have to eat the dump. This is reflected in high APY for staking coins the last cycle like DOT, ALGO, CRO.

vivmarie

DOT’s performance has been really disappointing. I thought with ETH cofounder behind it, it was going places :/

kirtash93

Like it is said: "Put your coins to work". Personally I like how easy is staking with ADA, but I DOT and ATOM are not difficult either. ETH would be a dream to be a validator but the new Trezor "staking" feature is quite easy to use.

DrinkMoreCodeMore

I use it for ez staking gains. I also use ETH and DOT for staking gains.

biba8163

> coins like DOT, ADA etc Grayscale dropped ADA and ATOM from its large cap trust. That entire large cap trust is mostly BTC 70% and some ETH 23%. It's Excluding-Ethereum Smart Contract trust has a only $13% ADA and 8% DOT. That entire fund is $3.7 Billion (60% SOL) while Grayscale Ethereum's fund is $10 Billion. Most institutional and traditional finance interest is in Bitcoin. There is considerably less interest in ETH. Example before the ETFs back in 2020, with lot smaller marketcaps, Grayscale held $10+ Billion BTC and $1.5 Billion ETH. Besides that there is negligible to zero interest in any other coin. The idea that an ETF will come and pump some random coins you hold is hopium at best. Crypto investors might have fallen for tech meme coins but institutions and traditional investors are not so easily gullible.

Eightsense

With ETH ETF going live the tides will shift to tech narrative, coins like DOT, ADA etc.. will do well

Chihabrc

I own 80% of my assets in BTC; that's the smartest idea ever. The rest is divided between QANX, ALGO, NEAR, and DOT.

Eightsense

Ngl as a DOT holder who spends alot of staking rewards the upcoming polkadot debit card is neat, i can pay with DOT without going through exchange selling to fiat and depositing to my bank account, it supports apple/android pay and can be used everywhere where mastercard is accepted

biba8163

> what gives You fell the bullshit tech narrative. In 2017, /r/cryptocurrency was comparing Bitcoin to tech companies and "doing research" trying to find the crypto with the best **technology and innovation**. They compared Bitcoin to AOL or MySpace saying BTC will soon be replaced by new shitcoins with superior technology. Most of these people lost most their money. A lot of people are continuing the tradition today with DOT, ALGO, etc. https://np.reddit.com/r/CryptoCurrency/comments/7kval4/in_20_years_bitcoin_will_be_to_crypto_what_aol_is/ - In 20 years Bitcoin will be to crypto what AOL is now to the internet. - Lol—try 3-5 years. - I think 20 months tops - 20 yrs? Think 2. - It' ll happen sooner. The world turns faster constantly. Bitcoin is like a fat, slow dinosaur - Agreed. Could be months. The space is wide open for competition. Could def see ETH and BCH taking the crown. - Someday people will think that it'd ridiculous to pay fees and wait time to transfer money and they will buy IOTA - Companies will not bet on a burning piece of garbage like Bitcoin, and whatever they pick will win. I guarantee it. See: Bosch/IOTA. - Hmm your comment has made me think of possibly splitting my portfolio four ways - ETH, IOTA, XRP, REQ. - The sad fact is there are coins from 4 years ago that are better than Bitcoin, we don't even need new projects to take leaps forward. - Tl;dr I think your bitcoins are going to be about as valuable as your 20 hours of free internet CDs from AOL - In 2017 alone, Ethereum, Iota, Ripple, Vertcoin, Monero and Litecoin have all made big moves in terms of tech and adoption. What will 2018 bring? 2019? Will Bitcoin still lumber into 2020?

Gzdu

ETH will not lose its place for a long time but I think instead attract other layer 1 users like DOT, ADA etc

LinsaFTW

Hey guys! I do not have enough score to make a post. I wanted to ask about decentralized investments. I am currently looking at pools in pancakeswap and uniswap, renting energy on tron, DOT staking, and staking with services like Lista Staked BNB and Lido Staked MATIC alongside WBETH. What do you guys think are the best methods to invest in a decentralized way?

EdenVII

None of these random fly-by-night coins. Something more established but pricing is accommodating to many people. ATOM, DOT, zcash, dash, ICP. For very low cost, probably ALGO, XRP

SwingNMisses

Is there anything more nauseating than DCA into the shitcoin DOT? I think DCA is stupid as hell combined with the stupid shitcoin DOT. Combine the two and you just went full ret…

jekpopulous2

You can like DOT there’s nothing wrong with that. The fact is that Arbitrum (a single rollup) has 30x more TVL than every DOT parachain combined. I actually think DOT tech is decent but it’s an absolute ghost town.

Citadel_Employee

I mean sure, if you want to apply that same logic to your fiat argument. Whether I like or dislike, agree or disagree, it doesn't change the fact that DOT is the same if not worse than fiat in its attributes. It's a glorified project to enrich the founders (which to be fair to DOT, that's the case with most crypto). That seems like a grift if I've heard it.

Citadel_Employee

How is fiat any more of a grift than DOT? Both have uncapped supplies. Both aren't tied to a physical asset (aka gold standard). DOT has built in inflation that surpasses something like USD across all timeframes. Sure it may be a user friendly payment network, but as an investment, it will bleed.

noviwu97

Sooner or later, I hope you can realize how big of a grift DOT is

Extreme_Nectarine_29

My first money in crypto was actually when I stopped smoking and DCA the cigarrete money on DOT. I'm at loss, but not at 100% unlike smoking money.

Adventurous-Ad-101

I got paid by $DOT to appreciate JAWs https://x.com/moonalgo/status/1811382860219089357?s=46

Salonicryptotimes

You may want to include Avalanche (AVAX) for its effective agreement-making process, Polkadot (DOT) for connecting various blockchains, and Cardano (ADA) for its scalability efforts. These initiatives offer fresh concepts that could  enhance the interest of your index.

jwz9904

i agree that it's unlikely that DOT or ADA will go back to all time high level, even if btc hits 150k

C-Class_hero_Satoru

I regret so much not taking alt profits in 2021 when they made ath, it was enough to buy a house and now I'm waiting 3 years for nothing. Imo it's kinda unlikely that DOT will go back to 37 dollars or ADA will go back to 3 dollars then there are so many new projects and sentiment changes

DrinkMoreCodeMore

aww you deleted your "I cant stake my DOT post"...oh the irony!

DrinkMoreCodeMore

Which takes us back to my original comment. Yay we have come full circle! When it comes to staking = Ethereum and Cardano > DOT

DrinkMoreCodeMore

For anyone else reading the unstaking and unboding period for DOT is 28 days lol

DrinkMoreCodeMore

How long is the unstaking and unbonding period again, oh yeah thats right, way longer than Ethereum and Cardano. No point in arguing with a toxic DOT maxi I suppose tho

Beechbone22

Be honest did Gavin Wood pay you a cool milly for this thread? #DOT #GRANT

Beechbone22

DOT, ADA, BCH, LTC, TRX and XRP on a tier list in 2024, yikes.

CyberPunkMetalHead

Thanks man. DOT is an interesting one for sure. Hard to tell regarding the price. The issue with DOT is that parachains are a bit ahead of their time, which is why it struggles with mainstream adoption. If it manages to find a larger use base, it could easily surpass its previous ATH.

Extreme_Nectarine_29

Great post OP. I agree mostly with your list. Where do you see the action price of DOT in 1 year?

Extreme_Nectarine_29

Yup, I'm into crypto since 2016 and already sold in 2020 so I'm good. But I bought some DOT at 45€, near ATH. Never sold and DCA to reduce the medium price bought to 24€. I'm not expecting to see DOT at 24€ again, let alone the ATH.

Simke11

You mean ADA, ALGO and DOT aren't projects with good fundamentals?

DrinkMoreCodeMore

I love DOT but it has the worst POS staking experience out of all the POS projects imo

hey-now-relax

Yes, I understand the tokenomics and relationship of parachains vs. DOT. But your original argument was that DOT is turning into a zombie chain or ghost chain, meaning there is no activity. But you've also agreed that DOT has a lot of developer activity. You've also mentioned that parachains are active entities. Even though parachains aren't reliant on DOT coins, these organizations are bidding on DOT's parachain auctions in order to utilize the DOT ecosystem for multiple benefits (fundraising or interoperability or other reasons). Also, regardless of the intentions of the DOT treasury purchasing advertising tactics or morals, the fact of the matter is, they are active. In my opinion, you've listed multiple reasons why DOT isn't a zombie chain. These are all activities working behind the scenes. Sure it isn't sexy with high visibility like a flashy meme coin, but it's also not a zombie chain. I'm not going to shill DOT that it is without issues, because yes there are concerns and risks there for sure. But I feel like your argument of being a zombie chain is inaccurate. I dunno, everyone is entitled to their opinions and I'm stuck with mine.

Extreme_Nectarine_29

Both of you have DOT? it's 80% of my portofolio brothers. Guess good tech and price performance are two different things

hey-now-relax

I'm interested in hearing more about your opinion on DOT becoming a zombie coin. From what I've read and seen, developers are highly active on the DOT platform and it's parachains. Wouldn't this action alone defunct the definition of a zombie chain?

kirtash93

Wen DOT pump? My bag needs it and my $25 is not enough.

Dazzling_Marzipan474

That's me with DOT and ATOM. I averaged down a shit ton but still red. Their damn inflation is awful. I'll sell at break even if I can. Don't want those anymore.

partymsl

Quite the headline. Just sums up how DOT had amazing fundamentals but price never lived up to it.

Baecchus

These news would hit better if DOT threw us a green candle or two smh

coinfeeds-bot

tldr; Polkadot's ecosystem has shown resilience with a 33% increase in transactions in June, reaching 16 million, despite DOT's value hitting a seven-month low. Growth was driven by One Frequency and Mythos Chain, contributing significantly to the transaction volume. Unique addresses with non-zero balances rose to over 7 million. OpenGov proposals increased by 66%, and the treasury holds assets totaling $167 million. Despite market downturns affecting DOT's price, on-chain data indicates whale activity in token acquisition for staking, suggesting confidence in Polkadot's future. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

empswartz

BTC, DOGE, DOT, MATIC 

DrinkMoreCodeMore

I still have DCAs set for BTC, ETH, ADA, and DOT. DCA is awesome for lazy people like me. I just wait a few years and I'm always sitting pretty good.

paulo1paulo1

Top Mentions so far seem to be BTC, ETH, SOL Mid Mentions DOT, LTC, ADA I don't hold enough BTC or ETH or any SOL. This needs to change

CommonSensei-_

I believe that the future is multi-chain. I think both DOT and ATOM will continue to survive and eventually thrive

Real_Bridge_5440

DCAing the tits out of Cosmos, Algo, some ETH, XRP and HBAR, some DOT also. Sol still too high at the moment, if it dips below 90 I will buy a load.

DMarvelous4L

Why do you think DOT sucks? I’m curious. It’s still down A LOT, but so are many other great coins in the top 20. So what else is bad about it?

DMarvelous4L

So I just started a DOT bag because just like ADA it’s still down a ridiculous amount from ATH. They’re still projects being worked on and have huge potential in the future. My average on DOT is $5.80 which I think is a decent place to start. If it dips below $4 or $3 I’ll buy more. If nothing ever comes of it oh well, that’s crypto. Something else in my portfolio will make up for it. It’s only sunk cost fallacy for people who got stuck bag holding from previous years or are still buying the dip hoping for a resurgence lol.. idk I believe DOT will at minimum 2-3x.

HerpTurtleDoo

Before that people found out Gavin woods writes pedophilia books and people still buy DOT.

jwz9904

that's the real use of DOT

pumse1337

Wow so we can use DOT to predict the future, im gonna be rich!

Goldbaerig

Lately I have observed that DOT is often moving earlier than others and also stopping earlier. Not only did it stop falling, it already hit support and got a correction. This might indicate that we are really close to the bottom of this dump.

YuntHunter

DOT literally just outed as paying the scammiest of Twitter influencers millions of dollars per month to "promote" their coin and people will still buy this crap.

CorneliusFudgem

I think people are talking about a general DCA into DOT considering how bad its done.

hey-now-relax

I know it was someone else, I'm saying it's not sunk cost fallacy for me personally because I don't hold DOT yet. I literally haven't lost money in DOT because I haven't bought in...yet. So no, it's absolutely not a sunk cost fallacy, for me at least. Anyone holding DOT along with most other crypto may be experiencing it to some degree, but if I'm not invested yet then it literally doesn't apply to me.

CorneliusFudgem

I didn’t say what it was. You’re responding to the wrong person about that lol. I’m saying DOT is objectively terribly down as is ATOM. Also this would absolutely be an example of sunk cost fallacy, but once again I’m not the one that said that lol.

hey-now-relax

Yes the entire market is dropping, and so is DOT but that's not the definition of sunk cost fallacy. I'm not here to shill DOT, but I do see an opportunity to buy a top 15-20 coin when everyone else is fearful and thinking it's a ghost chain. Again, not what "sunk cost fallacy" means.

FancyCoolHwhip

I have been in a coma since Nov 2021! Hope my massive bag of DOT is doing ok :D It's a top 10 - 20 coin after all

Otherwise-Trifle892

I'm about 50% in BTC 30% ETH 10% SOL 10% DOT

kirtash93

DCA into BTC, ETH, ^(ada), MATIC, DOT, ARB, ATM and OP.

flicman

Yeah, both DOT & ATOM are my biggest disappointments. SOL has more than made up for it, though, since I bought in a couple months after the SBF debacle. I put in more than I was comfortable with, which was still not much, but it's done better than everything else I have combined since.

CorneliusFudgem

DOT is doing terribly. that's just objective information. it would be like buying ATOM and trying to say it has been doing great.

CorneliusFudgem

ser I bought DOT before it ran to $50 the first time lol

Familiar_Ratio_4710

I’m buying more DOT and GLMR

peex

> In total, advertising makes up half ($21 million) of the outreach effort. Sponsorships ($10 million) include the 1 million DOT ($6.8 million) sports sponsorship deal with a prestigious soccer club as well as sponsoring the race car driver Conor Daly ($1.9 million) and, recently, a partnership with the e-sports tournament organizer HEROIC ($1.3 million). > Influencers ($4.9 million) are covered through agencies such as EVOX ($2.2 million), Lunar Strategy ($1.3 million), Chainwire ($490,000) and Unchained ($460,000). Digital ads ($4 million) are placed via CoinMarketCap ($1 million) and EVOX ($900,000).” Funny shit. Instead of doing a global sponsorship they just spent all this money on a not successful race driver, an American soccer club that no one knows about, and a an e-sports team that no crypto user cares about. With that money they could've advertised on Formula One, any soccer team in Europe that people globally watch, TV ads, NBA, magazine ads, youtube ads anything you can imagine all at the same time. What a fucking joke.

kinglax

Yeah I fucking bet lmao where the fuck am I gonna be trading 50k+ bro I buy a few grand a month, just 10-20% of any and all income, I used to buy like $20 at a time sometimes bc I've been doing it since 2017, learned to just do a lump.sum weekly back then but now I buy like 1-3k a week and sometimes more bc now I have a business, not a job, so much much much more cash flows in. But even then, I'm only ever doing a 50k+ trade when I feel like the bull market is gonna reach the end of its cycle and wanna sell most of my crypto, and even then, I probably only have over 50k in like, DOT, ETH, BTC and LTC, and that's close to the total for some of them. Never gonna be doing transactions that big on god

Extreme_Nectarine_29

Scares me that projects might die. Scares me that I bought DOT near ATH and even tho I bought the dips, my medium price is up to 24$ per DOT

coinfeeds-bot

tldr; On June 27th, 2024, Wanchain announced the launch of the first-ever bridge connecting Polkadot and Cardano, enabling DOT holders to move their tokens to Cardano and receive a wrapped version in return. This development enhances interoperability between the two blockchain networks, allowing for seamless asset transfers, increased liquidity, and the potential for new DeFi applications. It marks a significant step towards a more interconnected blockchain ecosystem, fostering innovation and collaboration between Polkadot and Cardano developers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Extreme_Nectarine_29

> It was all catching that falling knife and that hurts This specially with alts! OP may have a point about BTC, but DOT, ADA etc... this bleeding is too much!

ccModBot

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noviwu97

Most of the influencer budgets somehow went to D-list twitter account that posted about DOT like twice a month. Also, they are paid in DOT, which mean most likely they're dumping it.

coinfeeds-bot

tldr; Polkadot, an interoperability blockchain project, spent $37 million on outreach and marketing in the first half of 2024. This expenditure aimed to attract new users, developers, and businesses to the Polkadot ecosystem, covering advertising, community building, events, conferences, and business development. Advertising accounted for half of the spending, with significant amounts also allocated to sponsorships and influencer partnerships. The treasury's funds, derived from DOT tokens collected through transaction fees and network operations, support projects and activities beneficial to the network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Fedshmoker

Polychain is a shit company, a shit VC. Not sure why this is being celebrated? Why not take a look at other projects Polychain has been involved in - they get in early, before token is on major exchanges, run up the price 10-20x then dump on retail the week it hits the majors like Coinbase, Kraken, Binance US etc. They have been doing this since 2017 with coins like Tezos, Filecoin, DOT, etc. Recently with TAO/Bittensor as well. Just know they are out to make themselves 10-20x gains and they could give a fuck all about you or the crypto-space in general. They are just a fleecing corporation, that is it.

WorldSpark

ADA and DOT are absolute trash while Matic has some traction.

jawni

fyi Ash Crypto was one of the people who was paid by Polkadot so take any bullish DOT advice with a large grain of salt.

Eightsense

So word of the day is KOL, twitter is full of people talking about DOT KOLs, wtf is a KOL

piggleii

DOT has just been exposed for spending a ton of money on shillers.

Somebody__Online

I have some DOT on the Hydration exchange. What projects do you like in Polkadots ecosystem?

Shiratori-3

=Not a remindme response; more just some thoughts to mind 🤷‍♂️= Tangential reply here, but conceptually it would seem to make sense to increase marketing spend in a down period, in the lead-in to a bull market. Given that marketing has a time-lag to effect. And presuming there's a war-chest or whatever to support, that is. Sounds like a pretty small proportion of overall DOT supply, given the treasury is continuously topped up from a proportion of DOT inflation (afaik inflation goes to staking rewards and treasury in some weighted manner) Separately, question framing perhaps suggests correlation, but wouldn't it be more one of causation eg users dropped + bull cycle ahead => indicates time to increase marketing related spend. (ie irrespective of the detail of the spend, thinking more about timing, cause and effect). I heard, but don't know granular detail, that previous periods marketing spends had been relatively minimal, as apparently it's just not something that Polkadot had really done. They then decentralised the marketing department of Parity / Web3Foundation/whatever to community. Probably a learning curve there too if that's the case I guess. Anyway, just thoughts.