The strategy looks simple: To hodl and wait for the price to get back to its ATH. The problem is that many people will go nuts in the meanwhile. I'm not comfortable, but I keep DCAing some altcoins. Since you've mentioned DOT, this is one of my main positions. Acala is a strong parachain (the launch of aUSD was great) and I've contributed to their crowdloan along with UNQ and GLMR. I'm confident of the future of the network, but it can really take a while. It's not as easy as it seems.
It doesn't solve a problem per se but in DOT (and Cosmos) you have many blockchains that can talk to each other without the need for bridges. So you can have GLMR,DOT,ACA,ASTAR and any other parachain moving coins from one dapp to another. From one project to another with a simple click No smart contract, no second layer, no bridge etc and thus you can't steal the coins like it happened in here (and many other situations) Now if you are moving ETH into GLMR in order to move that ETH around in dot ecosystem, you need a bridge. And that can be hacked
So bullish on DOT ecosystem rn. Nova wallet now allows easy staking-ish for Moonriver and Moonbeam, and Astar. Minimum amounts still apply but compared to before it’s way easier to stake. Rates are decent too. Still not as easy as IBC but way easier. Not encouraging people to invest more but for those who already hold MOVR/GLMR/ASTR might be better than letting them sitting on/dealing with uncertainty on CEX, or LP on DEX.
Doing a bit of research on DOT... Moonbeam GLMR, in theory the big thing there, is only a 96.5% down from its ath. Where's the line between sale, and no one wants to hold it? In a direct equivalent, Juno had the Luna/UST + the whale drama + absurd huge apy. But that? What is happening (or not happening at all) in glmr? Any holder here?
I don't know about confessions but a tip for those who may get to involved with alts. Don't... just don't Don't go to their TG, to their discords... don't do that. You won't be able to see the big picture. Happened to me with GLMR and I regret like a motherfucker. Bought at 6$ first day ... and instead of selling at 18$ I really thought GLMR and DOT would take over Well, fuck me. Don't be me. Leave the feelings for your girlfriend, sport team, your blues guitar tracks and toan or whatever but don't use them on crypto
Yeah I had not used moonbeam before, but after the launch of Lido I got me some of that sweet stDOT there. Chain works great imo, I'll probably use it more in the future. Not investing in GLMR though, a highly inflative token during a bear market is usually not a great combination.
You haven't added PINK and GLMR I guess. There is still some potential under Polkadot projects right now as they are going to rise before the end of this year. Planning to farm their LPs once they release their next batch of farming pools later this Q2/Q3.
I basically went from having like over 40 alts (not even kidding) to now having about 10. I just gradually started dumping all the shitcoins and consolidating my alt holdings into a handful of solid projects. Now most of the alts I have are top 20 coins, and then there are 2 that I’m taking a chance on based on advice from some crypto YouTubers (WOO token, which one believes will have a meteoric rise at some point, and GLMR which a different YouTuber believes is gonna dramatically shoot up in value some day). The rest are just the usual suspects— ETH (my biggest bag), ADA, DOT, MATIC, ATOM, LINK, SOL, and then, of course, some BTC.
Unless you take profit and you leave it in UST or another shitcoin. Then it's not You must take profits and leave it in usdc until btc dips 15-20% just in case. That's what you should do Source: 7k profits from a shitcoin put into GLMR and got rekt with the dump cos I am a fucking moron
I think that polkadot parachain projects have a good chance of pulling through. I'm planning to load up on GLMR (Moonbeam) and ACA (Acala). Beyond that, I hold CKB, but I'm just letting that ride for now. QNT is another that I think has a bright future.
Really? Is the Greenhouse dex on any other network that you could use aside from MATIC? I know there are dexes like the AllianceDEX on several networks. Polygon is one of them but also Avalanche, Energy web, GLMR etc.
I think DOT will do fine. 28 days unbonding period +>10% locked up in crowd loans for about 2 years. All functional parachains allow staking too. Too bad that ASTR and GLMR has minimum staking amounts just like DOT. Wish it’s more like IBC.
If you're worried you can always stick to the biggest DEXs and protocols in each ecosystem. With ETH you won't go wrong using AAVE, COSMOS has osmosis which is pretty well established for LPing, but also looking to grow a lending platform. Polkadot has Acala and GLMR for stablecoin backed LPs and stable coin minting, and other protocols. just off the top of my head, but these are all very well established project
Sun is shining, portfolio is green, I have a day off from the fiat mine, going for a run and then might DYOR on some coins top 200 coins (outside top 20). NEAR, OCEAN and ANKR are on my research list any others I should add? Already have ROSE and GLMR.
I do have a big DOT bag. DOT and GLMR are basically my second bag right now combined so I truly fucking hope DOT succeed. I got it at 4$ so I Am good for the money. However, here are some reasons: \- Cosmos is on motherfucking fire. Their ecosystem is not only vast but airdrops are just too good. Airdrops vs parachains ... there's no color right now whatsoever. So if Cosmos keeps building non stop and showering people with money they will win the battle. 11k NETA airdrop vs GLMR / ACA / ASTAR dump bloodbath show . \- Staking is way too hard and the limit is way too high. You need 120 or 150 DOT already to stake on your own. And polkadot.js is the most orthopedic shit ever created. Yes on Kraken it's automatic balbla but that's against decentralization and 90% do not have the capital to get 150 DOT . Specially with US outside parachains \- XCMP it's not yet ready and we don't know how long and how well it's gonna work. Without this DOT is dead in the water as it has nothing special Now if DOT manages to fix all that before the parachain lease finishes in a year and a half, it will be all good and probably will be here to stay. And I am counting on that BUT if it doesn't... all those millions of DOT will be dumped in a blink of an eye as soon as they are unlock and there will be no looking back I tell you that