Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation (Altcoins)
Re: What is going on the mind of polygon investors ?
by
betswift
on 30/08/2024, 07:11:42 UTC
Quote from: jaberwock on August 28, 2024, 04:49:04 PM
Quote from: Stablexcoin on August 25, 2024, 12:13:25 PM
Quote from: Dr.Bitcoin_Strange on August 23, 2024, 02:37:58 PM
Apart from the fact that some altcoins can sometimes be very disappointing, I really think that polygon is going to be persistent and will do far well in the future compare to its current price. I have traded Matic when price was even more than one dollar and I still believe that with the low transaction fee of the polygon network, the coin can go above $2 in the future. It just requires patience for investors to be able to hold till then and also be aware that anything can happen to disrupt the project from archiving it's speculated growth.
Polygon has never been disappointing for some time now and I don't see it doing it now. I rate it as one of the best-performing altcoins in more than 5 years interval. It is the fourth altcoin I bought after some little investment in Bitcoin. There have been a lot of technical updates in the Polygon network such a network won't just crash irrespective of my guess that what OP said is just a shakeout i the network.

However, one thing remains the network is usable cheap, and fast. People should just stop trading the Polygon and invest in it for a long-term goal. If it's too much for them to handle then they should migrate to investing in another altcoin.
Don't you worry because I believe that he is not referring to Polygon when he said that, according to the next sentence that he gave out specifically or especially when he said the word ''persistent''. For me, I think Polygon is not exempted and even BTC which is known to be the king, still have some downtimes too. It's only normal but what matters the most is if they can bounce back again and become more stronger next time. Both coins already proved it anyways. You said you only invest a little in BTC but I think you are mostly into alts because it looks like you already have 3 solid alts before Polygon.

I think there is no problem with that but it is only if we prioritize the crap alts and the low-quality ones. We can't just stop the people from trading using Polygon because cryptos are not only limited to investing but they have plenty of use cases.

I agree. What really hits home is that there will be a bounce eventually due to activity / innovation / funds flowing from these two (Grin), which makes holding viable.