@finsends Yes, based on the charts, and the timing and the fact that we are in a bullrun i think we have reached the lows of this correction and we're shooting up from here
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Samurai Whale
6 posts
Still trying to find a good entry on $AR #Arweave.
This is a closer look at how I see the correction to end.
Two possibilities. Either one more low with a bigger countermove and then another brutal drop or the second leg down immediately with maybe a target of around $9.
V@finsends
$AR #arweave is a coin I tried to form a longterm buyzone for but it never went deep enough again. My original buyzones were between $16,50 and $9,37. But I think that it has not yet formed a bullish breakout structure either and that a low below $12,46 is very likely. This is the only bullish count I see. This would expect a corrective countermove to about $22 and then another leg down. Problem is, that it is running out of air to the downside. Maybe $8,97, the 88,7% Fib retracement could be last support. I am watching closely if it makes sense for me to place a buy order there.
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@guinnessstache @Polkadot I understand, but in my opinion it can be achieved in other ways.. i mean come on we have the brightest minds in the industry they can figure it out
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I'm not sure who has to hear this but here it goes. @Polkadot only has a 10% inflation rate. People see 17% in staking and assume that $dot has a 17% inflation rate, that is not true. The reason you get 17% is because the other 7% on top of 10% inflation is earned by taking other polkadot holders $dot who are too lazy to stake.
So if 100 people hold dot and only 50 of those people are staking (I'm going to use a dumb easy to understand example here and not real numbers), then instead of a 1:1 allocation of the rewards it becomes 2:1 since they are not staking. So let's say 100 DOT is created daily for those 100 people but only 50 of those people are staking, then those staking get 2 dot each Instead of 1 since half the people aren't staking to get their reward.
Dot holders not staking are literally paying you to stake your $dot.
Let me ask this while I'm at it: let's say that the inflation rate remained at 10% for @Polkadot but over the next few years there's enough deflationary mechanisms put in place where it's burning 6%. Would 10% inflation still look that bad?
I don't think so personally.
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@guinnessstache @Polkadot I think inflation is a major issue for polkadot because it keeps the price down and the investors away..
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@Cerkoryn Things to remember son..
-Without losers there are no winners
-Attraction is a major key in markets
-Dust will go away when the party ends and only solid projects will remain
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Cardano is a serious blockchain in a very unserious industry.
The latter is quite unfortunate IMHO.
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