Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1101. (Read 9723733 times)

Yeah because reading a thread directly means obsessed. You also tend to forgot some people who are interested in Monero might be interested in DASH too, or vice-versa. The fact that 5.x% of the people is commited to the DASH stackexchange is also committed to the Monero stackexchange proves this:

https://area51.stackexchange.com/proposals/98231/dash

Cos they're invested 

Just goes to show how much those XMR guys watch the DASH thread. Why are they so obsessed?

I am not sure about the profitability comparison so maybe others could help you with that. The main difference for me is that in order to lend the coins for 6 months you have to send your private keys to the exchange and they will hold them during those 6 months so you have no control of the money and are running the risk of the exchanged being hacked, closed down, etc.

In the case of running a node you would be in control of your private keys the whole time, soon you will even be able to keep them in a hardware wallet (Trezor or Keepkey) and collect masternode payments during that period.  

So consider that risk factor too, lending makes more sense if you dont have the full 1000 DASH for the masternode, if you do then the return from lending should be a lot higher than the node returns to justify the extra risk. In my case I would not feel comfortable parking my coins in an exchange for an extended period of time. Just my 2 duffs.

Also, lending has been terrible as of late. A masternode beats returns on lending my a huge margin right now.

1 - First of all you need to ask yourself a question if you are ready to take a risk and leave your coins for 6 months on an exchagne....
2 - Putting them into a masternode, YOU keep the coins, so it`s much safer way even if you get little less gains than borrowing them.
3 - Split them half and half, borrow on exchange half and put into one of the shared masternode service and see the diference.

well you`re not quick enough

Just before the flamewars start, he was right - I made a mistake.

Quickly corrected it after dEBRUYNE's heads up before anyone noticed  

question to the community,
if you have ~1000 dash and a 6 month time span

do you think can be more profitable to setup a masternode or lend all the coins (for example on poloniex)?

There is no mention of XMR anywhere in Tok's post (and I saw it pretty much as soon as it went up).

Maybe you're just hoping he'd weave it into the conversation?

No, you ninja edited your post.

What are you talking about ?

It says BTC  

You must've been seeing things 

@toknormal, why are you posting a chart that says DASH/XMR when that is the DASH/BTC chart? This is the DASH/XMR chart:



Source: https://www.tradingview.com/chart/?symbol=DASHBTC/XMRBTC (daily)

...also, look at this chart from the start of the year. Margin trading on Poloniex serves to amplify all the volatility in the market.

Also, check the network nodecount - it barely blinked this time whereas in previous declines we got quite a substantial changing of guard. Right now it's only about 25 or so off the ATH.

The thing is, Dash moving in contra-direction to bitcoin isn't a bad thing, it's a good thing because thats what a hedge is supposed to do. There have been times when Dash rocketted up and I found myself majority invested (i.e. I had more overall holdings in Dash than BTC). That freaked me out a bit to begin with because I always saw BTC as the reserve and alts as a greater risk.

But when I though about it, I asked myself: "why have I got so much unrealised BTC all of a sudden". The answer wasn't that I'd suddenly got rich, it was that BTC had lost value against the alts and Dash in particular. It had become less valuable and I had more of it. So I resisted the temptation to profit-take into BTC because Dash was doing its job in absorbing all the weakness in Bitcoin's speculative valuation.

Also, if you think about it, the same argument that BTC will blow up against fiat applies to alts against BTC. Dash benefits from the least amount of diversification out of Bitcoin, plus it has some very exciting long term technical developments on the roadmap that are almost a mirror image of what bitcoin's doing.

If you like both half-half. A more reasonable position based on history would be 70% Bitcoin (i.e. follow the standard) and 30% DASH. Problem solved.

This would have been a great article if only he had done some editing, or preferably had someone else do it.  He must have written it high on emotion.  Oh well, a good try

True, but going against that is the question of - if an alt is valued in X ratio against bitcoin and bitcoin strengthens against the dollar, the alt should strengthen against the dollar as well, otherwise what's the point of holding the alt as opposed to bitcoin ? The only reason anyone invests in an alt is because of perceived undervalue against bitcoin, not overvalue.

Actually what I think happens is that when bitcoin rises, some people want to profit take into fiat whatever they're invested in and they usually transit through bitcoin markets to do it.

For example, lets say I decided to avail myself of a new 2016 Macbook pro and decided to dump some masternode revenue towards it. I'd convert to bitcoin on Poliniex then cash out through local bitcoins. I probably wouldn't a Dash fiat exchange.

Another reason for it is volatility simply attracts liquidity, so people cash out to bitcoin on the rise so that they can cash out to fiat prior to a bitcoin correction in order to accumulate bitcoin. Then when bitcoin consolidates the tide comes back in and profits find their way back into the alts in order to hedge all the new capital thats gone into bitcoin.

Tok (or anyone):

Every time the price of Bitcoin rises, alts generally tend to fall. The commonly accepted wisdom is that people are moving money from alts to Bitcoin to take part in the gain. This is flight to quality, correct?

Basically, everybody is saying "Dash is going down" or "alts are falling" but in reality, Dash is staying pretty darn close to where it was before BTC started rising (in fiat terms). Dash is not actually falling; BTC is rising. An asset that's increasing in value has to increase relative to something, right? BTC increase value relative to both fiat and to alts.

So Dash isn't going down, per se, but Bitcoin is rising. If I'm in my Mustang going 80 miles an hour and a Porsche passes me at 100 miles per hour, I haven't slowed down, even though my speed relative to the Porsche is negative. Relative to the trees, the light poles, the mile markers and any other stationary objects, I'm still going 80 MPH. Relative to the Porsche I'm going -20 MPH. It's all about frame of reference, as they say in physics.

I'm sure the difficulty will go way up and the profits will decrease. i ordered a single unit for 92.9 Dash incl shipping. I guess I'll have to see whether I'll have to pay import taxes etc. at delivery. Each unit only uses 40W so I hope to be able to run it for a long time, even non profitable when it gets old, because it helps the network. So in a sense I hope to help Dash both network wise as well as with MNs.

Why Central Banks Will Fail at Digital Currency
http://www.coindesk.com/central-bank-fail-digital-currency/
(No Dash)