What is everyone's thoughts on Polkadot?
I have been watching for a while after hearing good things but the price does not seem to be dropping much.
I have seen some say it can ready $500 or even $1000 but how long is this likely to take?
Current price is $26 , is now a good time to start investing or is it likely to drop to around $20? I want to buy and hold for a few years at least.
The first rule of thumb is that you really have to wait for it to go down hard before you buy, but the problem is that we don't know what will be the floor price.
So the best approach is to buy during the every dip, maybe when it dip to like $22-$23, you buy some and if you gets lucky it still goes down then fill in your bags for more. Another thing is that if we really went on a long bearish trend, the price of crypto will definitely go down very hard so take that into consideration as well.