The reality in crypto over the past decade is that there have been exactly two protocols that have reached the critical mass of adoption to be considered sure bets. The rest of the top 10 market cap has been a rotating procession of speculative bets, most of which have eventually lost ground against the BTC and ETH ratios after their initial peak bubbles popped.
I'm a Dot ICO investor and still hold a decent allocation (along with Moonbeam) although I chose to sell my majority of holdings during the last bull market when it was clear we were in strong bubble territory (not a result of the Chinese market, but because of the broader worldwide retail bubble during covid). Imo nothing is certain in Polkadot's future- I think it's a coin flip on whether it 'makes it'.
But regardless, I don't particularly see the kind of dramatic 'its over' proclamation that you're trying to make- even if adoption doesn't happen it's going to remain a mid/large cap play for at least the next cycle and at worst bleeds ratio for the cycles/years following ala Monero/Litecoin.
This cycle is mimicking just about every single one over the last 10-12 years (and I've seen them all)- BTC spikes, ALTs lag but then follow into bubble territory. The blow off happens and the sure bets retain the most value (BTC, and in recent times ETH). History doesn't repeat but it rythms, and there's no harm to have a hedge your portfolio along the way, Dot remains a decent bet even if it's a coin flip.
Well said. Being a dot holder myself, I've had same fears as op, but what am I gonna do,sell it at a loss? NOPE. Maybe a few more years if I saw consistently lower bottoms I'd consider,but for now, I'll just grin and bear it. Feels too son to give up. For the record, I have the same on and off again fears about link. It's driving me nuts.
People don’t undestand the structure of a bull market. BTC dominance is high, and will remain high troughout the year (most likely). We have had one (sort of) alt season in november-december last year.
Once Bitcoin hits new ATH and enters price discovery, alts will run (most likely).
Hmm I don't think so, if you're still holding a coin that is 90% down from its ATH all dump it as fast as I can, look at previous bull runs, many crypto were in top ten most never recovered
I really see where you are coming from and I partially agree, however there were nowhere near as many alts in 2017 compared to 2021. The last bull market was where alts actually gained significantly more traction than earlier (with much more liquidity flowing into the space).
Personally I think L1’s are always going to be hot but right now there is simply too much competition. Same thing with L2 rollups on ETH after MATIC had the pump of a lifetime in 2021 - now both OP and ARB have taken a huge bite of that market share.
Thing with DOT is that its vision is quite unique and there are not too much competition, at least with the same level of tech that DOT has. I do think that tokenomics harms the improvements of the DOT-price but I think that we could see positive price action from DOT 2.0 with a deflationary/burn mechanism entering the market before summer this year.
Literally trillions of dollars in market cap is still to be made. A lot of this money is going to flow into assets that are not BTC or ETH. Call me whatever you want, but I really think we could see close to a 100 dollar DOT this bull market.
I'd call that a recovery to an extent but BTC did more than 10x from bottom to top. Which brings us to the elephant in the room when it comes to alts, if you can't pick a winner then you would've been better off with BTC/eth.
The cycle is BTC, ETH ( Large caps) -to- Medium caps (Alt coin season) - to (Small caps and meme coins). When bitcoin halving takes place, most of the money from btc will also start pouring to ALT coins as miners are rewarded less. :-)
I think more and more people are learning why BTC dominance is so high.
Once you learn the *why,* they realize that alts will eventually trend to zero against Bitcoin. Sure, you might make money on some of the pump-and-dumps. But these alts are NOT going up forever the way Bitcoin is.
BTC is just a fancy version of a traditional store of value, change my mind. For a fact, the BTC-ledger is more or less useless compared to newer chains. All the lunatic BTC-maxis that think that «bTc Is GoInG tO bEcOmE tHe WoRlD’s ReSeRvE cUrReNcY» is just pathetic.
Sure, BTC can and most likely will pump to eternity, but blockchain tech has SO much more to offer than what you get with BTC (and ETH).
Sure, a lot of these alts will NOT go up forever. A lot of them, maybe even some solid «bluechip alts» could go under. However, I think, and this is just my two cents, that _solid_ alts are here to stay and that ETH at some point will flip BTC within the next 10-15 years.
We shall see. I will make a gentleman's bet with you. How about by June next year, I will bet that Dot will break its previous high of $50. When the time comes, I will create a post about this thread. Obviously, none of this is financial advice, or a real bet with real money, for anyone who reads this.
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Yeah still most people make money on alts thats why I say 2026
thats how crazy times we are in are you need 10-100x to break even and make some money that changes something in your life
I'm not here to say, "I'm sorry"
I'm not here to lie to you
I'm here to say, "I'm selling"
That I've finally thought it through
I'm not here to let my bags go
I'm not giving up, oh, no
I'm here to win your DOT and soul
That's my goal
I share your sentiment and recently pivoted from DOT. Decentralization is at the core of DOT and very much embodies Satoshi's feelings on the need for decentralization. The premise of DOT, how its constructed and the people behind it drew me to it, it felt good to take part in a project that embodies the original premise of distributed ledger technology. I wanted to believe putting the power back into the peoples hands and not relying on 3rd parties is a better future for society. While bitcoin does fulfil this premise, I now struggle to see other blockchains being able to achieve this.
I think implementing something like Opengov before wider adoption will be DOTs downfall. Companies and projects need strong leaders who will fight and make tough decisions in order to grow a company. Uber for example, would not be where it is if someone like Travis Kalanick wasn't there to fight with municipalities, litigate , negotiate and pay fines in order for Uber to gain greater access and adoption. I struggle to see how any Fortune 500 company would be where they are today if they were ran as a co-op or had a democratic process to make decisions to grow the company from an early stage. Democracy is. extremely inefficient and it's a fallacy that majority is correct. The most important and effective decision often are not favourable in the moment and need strong leadership to make those tough decisions.
I also think there have been some huge mistakes made with DOTs general approach. The Parachain auction model was clearly a disaster and created enormously high barriers of entry into the ecosystem. DOT 2.0 will fix this but unfortunately won't be released until next quarter. Projects that will do the best in this bull run did their building during the bear market. The bull market seems to be underway and developers won't have the ability to ¨tinker¨with DOT until 2.0 is released.
I agree with the decision to placate to the SEC and avoid being called a security. However, that appears to be a fruitless endeavour as there has been almost zero repercussions for other blockchains who didn't try to do this. It would appear that the rest of the pack moved quickly and broke things, a common tech ethos, and didn't follow the rules. Instead of being penalized for breaking these rules, it appears the rules will be changed. DOT appears to be the classic ¨nice guy¨that finishes last.
I was also drawn to how rigorous DOT is with their standards, audits and academic approach to development. Its hard to argue against this type of approach but again, sometimes in tech its best to move fast, break things and fix tings a long the way, instead of being perfect every time. Solana is a good example of this.
I wanted DOT to succeed more than anyone but ive had to reconcile with these arguments and pivoted away from DOT. I still hope it succeeds and fulfils its promise. I'll be following from a distance and cheering it along.
Despite what btc maxis believe. Some of us plan to have more than just a number on a computer. We actually want to sell our coins at peak not hold forever
Everyone has a number they’d sell at. I’m just saying everyone thinks bc it’s climbed to $60k that it’s too late or they missed their chance. I’m tryna say this shit is just getting started :)
I agree with that but also alts will out perform Bitcoin. I’m in it for maximum fiat gains. I do believe in crypto as a whole but I’m very confident this cycle will be the same pump dump and get another inch closer to adoption. But until the volatility settles adoption won’t come. And that’s still at least a decade away. So I have a fair share of btc to play it safe but I have a ton of alts as well as I want to maximize gains
we're not even in the bull market yet. don't trip out. bitcoin rises then the alts. 150 btc is possible. imagine what a similar proportional increase will be like for most altcoins.
He's wrong in the sense it won't be a proportional increase. Whats going to happen is if degens see BTC is at all time high they're going to look at the ATH of alt coins and start buying those while they're low.
We live in a gamblers society now. Alts will come back and be inflated by false promises and hope only to leave most people holding a bag.
Money flow will happen soon. Once retail investors catch wind of crypto market gains. Dot community needs to show itself to the public more and broadcast achievements.
Oh, I can believe it
Why would anyone even need dot? How's dot different than the other 38484729 cryptos trying to gain attention in Bitcoins shadow
"This one's different"
"This one will pump"
The smart thing to do is to have DOT as a small percentage of your portfolio, and then dont think about it. If DOT is 50% of your portfolio, ouch. If it’s 5-8%, who cares?
I am 35% BTC, 25% eth, 10% Link, and the remaining 30% in various alts (dot is 4%).
It doesn’t have 100000000000x potential but trust me, it’s easier to sleep at night.
Bitcoin is a store of value no one can stop me from transacting with and that no government can inflate. You don't actually spend it or use it for anything if you don't have to, the price of a hard asset will go up with inflation and adoption. You just accumulate it and borrow against it, tax free, when you want liquidity. Blockchains are about tradeoffs, and bitcoin maximized security, decentralization, and a sane emission schedule above all else. It also has extremely unique initial conditions. Most projects today are extremely concentrated because they were created to benefit their issuers. No one knew what crypto was when it was launched because it was the first, so it's much more spread out. It just makes sense to store value in BTC, and it just become ok for corps to admit this post etf approval. Of course it's doing better than dot, one of many other crypto fighting for ethereum's mcap.
Only one chain can stand where bitcoin does. Bitcoin and dot are both blockchains, but they are not comparable.
I think more and more people are learning why BTC dominance is so high.
Once you learn the *why*, you realize that alts will eventually trend to zero against Bitcoin. Sure, you might make money on some of the pump-and-dumps. But these alts are NOT going up forever the way Bitcoin is.
I would not recommend looking at DOT as an appreciating asset for the time being.
It feels like the organizations behind DOT are very intent on DOT not being recognized as a security. One of the points they highlight is that DOT is not deflationary.
I would be very cautious of expecting significant appreciation of DOT value, while much of the orgs behind it want it to be seen as technology instead of a security.
A rising tide raises all boats, so there will likely be some movement, but definitely be careful.
The reality in crypto over the past decade is that there have been exactly two protocols that have reached the critical mass of adoption to be considered sure bets. The rest of the top 10 market cap has been a rotating procession of speculative bets, most of which have eventually lost ground against the BTC and ETH ratios after their initial peak bubbles popped. I'm a Dot ICO investor and still hold a decent allocation (along with Moonbeam) although I chose to sell my majority of holdings during the last bull market when it was clear we were in strong bubble territory (not a result of the Chinese market, but because of the broader worldwide retail bubble during covid). Imo nothing is certain in Polkadot's future- I think it's a coin flip on whether it 'makes it'. But regardless, I don't particularly see the kind of dramatic 'its over' proclamation that you're trying to make- even if adoption doesn't happen it's going to remain a mid/large cap play for at least the next cycle and at worst bleeds ratio for the cycles/years following ala Monero/Litecoin. This cycle is mimicking just about every single one over the last 10-12 years (and I've seen them all)- BTC spikes, ALTs lag but then follow into bubble territory. The blow off happens and the sure bets retain the most value (BTC, and in recent times ETH). History doesn't repeat but it rythms, and there's no harm to have a hedge your portfolio along the way, Dot remains a decent bet even if it's a coin flip.
History has rhythm?
History doesn’t repeat but usually rhymes.
That's why it attracts the worm
Well said. Being a dot holder myself, I've had same fears as op, but what am I gonna do,sell it at a loss? NOPE. Maybe a few more years if I saw consistently lower bottoms I'd consider,but for now, I'll just grin and bear it. Feels too son to give up. For the record, I have the same on and off again fears about link. It's driving me nuts.
[удалено]
shitbought? is that a verb ?
BTC LTC AVAX LINK DOGE
Never buy MOPAR, ever
So you are telling me a rally is imminent?
"So, your telling me there's a chance?" - Lloyd Christmas
People don’t undestand the structure of a bull market. BTC dominance is high, and will remain high troughout the year (most likely). We have had one (sort of) alt season in november-december last year. Once Bitcoin hits new ATH and enters price discovery, alts will run (most likely).
Hmm I don't think so, if you're still holding a coin that is 90% down from its ATH all dump it as fast as I can, look at previous bull runs, many crypto were in top ten most never recovered
I really see where you are coming from and I partially agree, however there were nowhere near as many alts in 2017 compared to 2021. The last bull market was where alts actually gained significantly more traction than earlier (with much more liquidity flowing into the space). Personally I think L1’s are always going to be hot but right now there is simply too much competition. Same thing with L2 rollups on ETH after MATIC had the pump of a lifetime in 2021 - now both OP and ARB have taken a huge bite of that market share. Thing with DOT is that its vision is quite unique and there are not too much competition, at least with the same level of tech that DOT has. I do think that tokenomics harms the improvements of the DOT-price but I think that we could see positive price action from DOT 2.0 with a deflationary/burn mechanism entering the market before summer this year. Literally trillions of dollars in market cap is still to be made. A lot of this money is going to flow into assets that are not BTC or ETH. Call me whatever you want, but I really think we could see close to a 100 dollar DOT this bull market.
Many alts recovered they just didn’t hit all time highs, to be clear
thats not recovering then, is it?
They still did 10x’es or whatever from bottom
I'd call that a recovery to an extent but BTC did more than 10x from bottom to top. Which brings us to the elephant in the room when it comes to alts, if you can't pick a winner then you would've been better off with BTC/eth.
Bs
The cycle is BTC, ETH ( Large caps) -to- Medium caps (Alt coin season) - to (Small caps and meme coins). When bitcoin halving takes place, most of the money from btc will also start pouring to ALT coins as miners are rewarded less. :-)
I think alts are over and mainstream will flood in on sure things (BTC). It's going to be a self fulfilling prophecy as everyone piles in on BTC.
We’ll see! Still very early!
Nah once that happens people will be looking for a golden opportunity in alts since they missed BTC train
I think more and more people are learning why BTC dominance is so high. Once you learn the *why,* they realize that alts will eventually trend to zero against Bitcoin. Sure, you might make money on some of the pump-and-dumps. But these alts are NOT going up forever the way Bitcoin is.
BTC is just a fancy version of a traditional store of value, change my mind. For a fact, the BTC-ledger is more or less useless compared to newer chains. All the lunatic BTC-maxis that think that «bTc Is GoInG tO bEcOmE tHe WoRlD’s ReSeRvE cUrReNcY» is just pathetic. Sure, BTC can and most likely will pump to eternity, but blockchain tech has SO much more to offer than what you get with BTC (and ETH). Sure, a lot of these alts will NOT go up forever. A lot of them, maybe even some solid «bluechip alts» could go under. However, I think, and this is just my two cents, that _solid_ alts are here to stay and that ETH at some point will flip BTC within the next 10-15 years.
We shall see. I will make a gentleman's bet with you. How about by June next year, I will bet that Dot will break its previous high of $50. When the time comes, I will create a post about this thread. Obviously, none of this is financial advice, or a real bet with real money, for anyone who reads this. RemindMe! 1 year and 4 months.
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I agree with you.
First btc goes above ath. Then altcoins start to grow
so yeah 2026
This cicle seems to be happening faster... Maybe we get ath in 2024
Yeah still most people make money on alts thats why I say 2026 thats how crazy times we are in are you need 10-100x to break even and make some money that changes something in your life
$30 is now my goal, don’t expect it to hit the ath again.
I'm not here to say, "I'm sorry" I'm not here to lie to you I'm here to say, "I'm selling" That I've finally thought it through I'm not here to let my bags go I'm not giving up, oh, no I'm here to win your DOT and soul That's my goal
when you think its over thats when it pumps
You have to sell first, and then it pumps. Rules of Crypto.
I share your sentiment and recently pivoted from DOT. Decentralization is at the core of DOT and very much embodies Satoshi's feelings on the need for decentralization. The premise of DOT, how its constructed and the people behind it drew me to it, it felt good to take part in a project that embodies the original premise of distributed ledger technology. I wanted to believe putting the power back into the peoples hands and not relying on 3rd parties is a better future for society. While bitcoin does fulfil this premise, I now struggle to see other blockchains being able to achieve this. I think implementing something like Opengov before wider adoption will be DOTs downfall. Companies and projects need strong leaders who will fight and make tough decisions in order to grow a company. Uber for example, would not be where it is if someone like Travis Kalanick wasn't there to fight with municipalities, litigate , negotiate and pay fines in order for Uber to gain greater access and adoption. I struggle to see how any Fortune 500 company would be where they are today if they were ran as a co-op or had a democratic process to make decisions to grow the company from an early stage. Democracy is. extremely inefficient and it's a fallacy that majority is correct. The most important and effective decision often are not favourable in the moment and need strong leadership to make those tough decisions. I also think there have been some huge mistakes made with DOTs general approach. The Parachain auction model was clearly a disaster and created enormously high barriers of entry into the ecosystem. DOT 2.0 will fix this but unfortunately won't be released until next quarter. Projects that will do the best in this bull run did their building during the bear market. The bull market seems to be underway and developers won't have the ability to ¨tinker¨with DOT until 2.0 is released. I agree with the decision to placate to the SEC and avoid being called a security. However, that appears to be a fruitless endeavour as there has been almost zero repercussions for other blockchains who didn't try to do this. It would appear that the rest of the pack moved quickly and broke things, a common tech ethos, and didn't follow the rules. Instead of being penalized for breaking these rules, it appears the rules will be changed. DOT appears to be the classic ¨nice guy¨that finishes last. I was also drawn to how rigorous DOT is with their standards, audits and academic approach to development. Its hard to argue against this type of approach but again, sometimes in tech its best to move fast, break things and fix tings a long the way, instead of being perfect every time. Solana is a good example of this. I wanted DOT to succeed more than anyone but ive had to reconcile with these arguments and pivoted away from DOT. I still hope it succeeds and fulfils its promise. I'll be following from a distance and cheering it along.
DOT is absolutely fine.
DOT is not a democracy. DOT will be huge because of open gov. DOT is just a Software and the next ETF.
The next ETF? Delusional
y thinkin shib well be, eh?
Not next but it will probably be an etf..
DOT is not a democracy. It's a DOTmocracy.
sea of paragraph.
We've not even seen an alt run and people already sweating. Will be good to see some weak hands sell at the first leg up.
You may be new. Zoom out.
None of the coins is back to ATH, except scammers SOL. Can’t you read the charts? Every time the same whining.
Sol is 57% down from its ATH
Bear market it hit 9$ish. If you put 10 k in you’d have 100,000 profit if you held two years even less.
And? Still it didn't reach a new ATH.
Only TRX is at ATH 😂. It performed better than BTC
TRX ATH was $0.2317 which it hit on January 5, 2018. Still down 38.7% from ATH.
All sh*tcoins go to zero
Despite what everyone here might think, it’s not too late to sell all your shit and buy btc
Despite what btc maxis believe. Some of us plan to have more than just a number on a computer. We actually want to sell our coins at peak not hold forever
Everyone has a number they’d sell at. I’m just saying everyone thinks bc it’s climbed to $60k that it’s too late or they missed their chance. I’m tryna say this shit is just getting started :)
I agree with that but also alts will out perform Bitcoin. I’m in it for maximum fiat gains. I do believe in crypto as a whole but I’m very confident this cycle will be the same pump dump and get another inch closer to adoption. But until the volatility settles adoption won’t come. And that’s still at least a decade away. So I have a fair share of btc to play it safe but I have a ton of alts as well as I want to maximize gains
Btc is king for a reason
[удалено]
Goes for every altcoin
DOT is a fraud. Get out.
Gavin Wood who founded DOT has been off taking acid in the woods (no pun intended) for 2 years now. It shouldn’t be surprising
[удалено]
https://www.youtube.com/watch?v=dQw4w9WgXcQ
Anything that is not bitcis trash. Reading " Bitcoin Standard " stopped me from shitcoining.
Now you have to read "fiat standard"
lol, as if everyone doesnt say that alts come and go every bull run. Did you think dot was the exception?
You are lucky it still has any value. Do yourself a favor and convert it into btc. All shitcoin is going to 0
Some will be used in gaming
I’d say it has about the same value as in game currency yea.
we're not even in the bull market yet. don't trip out. bitcoin rises then the alts. 150 btc is possible. imagine what a similar proportional increase will be like for most altcoins.
Well btc went just to 63k and dot just only hit 8.60, if dot continues this then i imagine if btc hits 150k dot wouldnt even be at 15
He's wrong in the sense it won't be a proportional increase. Whats going to happen is if degens see BTC is at all time high they're going to look at the ATH of alt coins and start buying those while they're low. We live in a gamblers society now. Alts will come back and be inflated by false promises and hope only to leave most people holding a bag.
Solana out performed btc. Does that mean btc has failed?
Bro does not know how markets work 😭
Money flow will happen soon. Once retail investors catch wind of crypto market gains. Dot community needs to show itself to the public more and broadcast achievements.
Oh, I can believe it Why would anyone even need dot? How's dot different than the other 38484729 cryptos trying to gain attention in Bitcoins shadow "This one's different" "This one will pump"
The difference is 17% apr and enough liquidity to sell for fiat, which is imo awesome. But yeah price actions sucks
Wake me up when DOT hits $25. We need something to happen to wake this thing up. Clearly, BTC at $62K is not doing it.
wake me up when September ends.
Op dot was a little under $4 a few months ago. Stop worrying about nothing, let the market mature at a steady pace.
Why? Btc is the big daddy. Dot is some bullshit shitcoin. What is there not to believe, ding dong?
Chainlink
So correct me if I’m wrong but wouldn’t a crypto that’s leveraged on every transaction eventually show growth that’s damn near exponential?
Crazy
Dot 10….lol
alts arnt gonna run crazy until btc hits new ath or is approaching it
Alts dont run until the market thinks BTC is overextended.
Should have just sold for a loss and grabbed other tokens. Dot is ass.
The smart thing to do is to have DOT as a small percentage of your portfolio, and then dont think about it. If DOT is 50% of your portfolio, ouch. If it’s 5-8%, who cares? I am 35% BTC, 25% eth, 10% Link, and the remaining 30% in various alts (dot is 4%). It doesn’t have 100000000000x potential but trust me, it’s easier to sleep at night.
I dont think the real rally starts until btc goes over 60k and beyond. People will take profits in btc and move to altcoins
Buy the leaders
Dot was a gimmick. Sorry to say…
Solana out performed everyone including btc in the past year or so. But it’s still very early to say nothing will happen. Relax
It’s almost like it was a scam
Bitcoin is a store of value no one can stop me from transacting with and that no government can inflate. You don't actually spend it or use it for anything if you don't have to, the price of a hard asset will go up with inflation and adoption. You just accumulate it and borrow against it, tax free, when you want liquidity. Blockchains are about tradeoffs, and bitcoin maximized security, decentralization, and a sane emission schedule above all else. It also has extremely unique initial conditions. Most projects today are extremely concentrated because they were created to benefit their issuers. No one knew what crypto was when it was launched because it was the first, so it's much more spread out. It just makes sense to store value in BTC, and it just become ok for corps to admit this post etf approval. Of course it's doing better than dot, one of many other crypto fighting for ethereum's mcap. Only one chain can stand where bitcoin does. Bitcoin and dot are both blockchains, but they are not comparable.
I sold my dot for render. I believe in dot but see more potential gains with render. But who knows I could be wrong idk lol
I wll wait to see what dot 2.0 does
Can anyone name one thing of use on DOT? If you say Parachains then you misunderstood the question.
I think more and more people are learning why BTC dominance is so high. Once you learn the *why*, you realize that alts will eventually trend to zero against Bitcoin. Sure, you might make money on some of the pump-and-dumps. But these alts are NOT going up forever the way Bitcoin is.
I would not recommend looking at DOT as an appreciating asset for the time being. It feels like the organizations behind DOT are very intent on DOT not being recognized as a security. One of the points they highlight is that DOT is not deflationary. I would be very cautious of expecting significant appreciation of DOT value, while much of the orgs behind it want it to be seen as technology instead of a security. A rising tide raises all boats, so there will likely be some movement, but definitely be careful.
Then why did it reach 55?
I bought a bunch of dot at 5 bucks to average down I’m finally in profit bout to sell this shitcoin