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My DOT experience: From $300k profit to 99% down. Some thoughts on the treasury.

Binance

Cryptocoins Exchanges / Binance 212 Views

I bought DOT at around $14, and when it hit $55, my portfolio was value about $300,000. However I didn't sell anything. As an alternative, I staked all of it. Now, virtually 5 years later, the worth is down 99% from the top.

I've realized that no undertaking can actually struggle the market momentum. Right now, AI is sucking up all of the capital, and with the Fed slicing rates, things are even more difficult. For DOT to return back, we both want an enormous market development or the Polkadot ecosystem needs to launch a groundbreaking AI product.

One factor I need to point out: setting a hard cap at 210 million DOT is an effective move. If inflation is greater than demand, the worth will just hold falling. Nevertheless, the Polkadot Treasury keeps selling DOT, which additionally pushes the worth down. For my part, the Treasury can buy back some DOT when the worth is low, as an alternative of simply promoting it on a regular basis.

By the best way, I really like polkadot.

submitted by /u/fangnux
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