[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1102.

toknormal

legendary

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Quote from: stealth923 on June 13, 2016, 09:39:46 PM

I am a little curious as to why other currencies in the top 5 rode the price ride up with bitcoin.

Dash on the other hand was sold off with the price kept stable at $7-8....why is this?

I wouldn't quite say they "rode it":

Examples: May 19th to June 12th (BTC rally started on May 26th)

Litecoin: 0.087 --> 0.008 (9% loss)
Ethereum: 0.033 --> 0.022 (33% loss)
Ripple: 1330 sats --> 901 (32% loss)

Basically, any currency that had recently "rallied off its base" just prior to Bitcoin lifting off got stung and the more they had rallied the more of a hit it took. Thats because the market is far more liquid close to an established base than it is at the top of a rally.

If we're generous we could maybe consider Dash 'established base' to be around 0.09 by now so from April it had rallied nearly 100% off it and therefore was simply much more exposed to a potential capital drain from a bitcoin rally than say the Litecoin market which was on the deck and highly liquid, or Ripple which had been falling for months or even Ethereum which was had just suffered a massive 60% consolidation loss in the couple of months prior to the BTC rally.

110110101

legendary

Activity: 1382

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Quote from: AMPlified on June 13, 2016, 07:37:22 AM

Great review of the Baikal Dash Miner on Bitcoinist!

Review of the Baikal 150 mh/s X11 DASH ASIC Miner

I just ordered one of these little asics and paid for it with Dash Wink

Looking forward to getting the unit in a week or maybe two? Shipping out from China so a bit hard the determine the final delivery time, as they would be sending it out between 1-3 business days from today.

If all goes well maybe I'll try to write a few comments about the asic miner later on, though I think that the review above mentioned pretty much all there is to know.

bigrcanada1

hero member

Activity: 673

Merit: 531

Proud Lifetime DASH Foundation Member

Quote from: stealth923 on June 13, 2016, 09:39:46 PM

I am a little curious as to why other currencies in the top 5 rode the price ride up with bitcoin.

Dash on the other hand was sold off with the price kept stable at $7-8....why is this?

Can we expect a sudden snap back in the market once BTC price settles and people who sold come rushing back to Dash?

i know I did very well in trading lately.... Wink

I'm been pretty happy about some of the erratic movements lately. Back to DASH for me though...

stealth923

legendary

Activity: 1036

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I am a little curious as to why other currencies in the top 5 rode the price ride up with bitcoin.

Dash on the other hand was sold off with the price kept stable at $7-8....why is this?

Can we expect a sudden snap back in the market once BTC price settles and people who sold come rushing back to Dash?

BitWater

member

Activity: 402

Merit: 10

Quote from: gusterdd on June 13, 2016, 07:52:40 PM

Quote from: AMPlified on June 13, 2016, 07:37:22 AM

Great review of the Baikal Dash Miner on Bitcoinist!

Review of the Baikal 150 mh/s X11 DASH ASIC Miner

Asic miner to X11
Will DASH be dumpped like Litecoin ?

BTC, LTC, ETH rally... but DASH remain at the same level.(7~8$)
Is this X11 asic miner effect ?

There is nothing wrong with ASICs, it's the reckless quantities of miners that is murdering the profitability for everyone. I just hope they are not mining and dumping it.

gusterdd

full member

Activity: 220

Merit: 100

Quote from: AMPlified on June 13, 2016, 07:37:22 AM

Great review of the Baikal Dash Miner on Bitcoinist!

Review of the Baikal 150 mh/s X11 DASH ASIC Miner

Asic miner to X11
Will DASH be dumpped like Litecoin ?

BTC, LTC, ETH rally... but DASH remain at the same level.(7~8$)
Is this X11 asic miner effect ?

thevictimofuktyranny

legendary

Activity: 1092

Merit: 1004

Quote from: afbitcoins on June 13, 2016, 10:35:14 AM

Dash may rebound up against bitcoin somewhere around here (at the bottom of this fork) but I think trend is now bearish for Dash versus bitcoin. And probably will remain so for a while while the whole bitcoin halving mania begins to unfold. At some stage other alts including Dash will be carried up too but no sign of that at the moment.

In consolation against fiat I think Dash holding up quite well.

That's because people haven't realised, that only 4,000 new Dash are mined each day and a lot of those go to the Masternode owners.

And, seasoned veteran's of the crypto scene, would nickname Dash, as graveyard Alt Coin of shorter-sellers over last year

How many short-sellers has Dash slain these last past 2 years?

Not that anyone counting.

Minotaur26

legendary

Activity: 1092

Merit: 1000

Quote from: BankToTheFuture on June 13, 2016, 12:42:05 AM

https://bnktothefuture.com/

This is excellent and very interesting news, is kinda cool you can reinvest in the industry using Dash.

Camus

hero member

Activity: 826

Merit: 500

Need more positive information about Dashcoin, then just praying for the next great coin Tongue

:

afbitcoins

legendary

Activity: 2101

Merit: 1061

Dash may rebound up against bitcoin somewhere around here (at the bottom of this fork) but I think trend is now bearish for Dash versus bitcoin. And probably will remain so for a while while the whole bitcoin halving mania begins to unfold. At some stage other alts including Dash will be carried up too but no sign of that at the moment.

In consolation against fiat I think Dash holding up quite well.

AMPlified

newbie

Activity: 14

Merit: 0

Great review of the Baikal Dash Miner on Bitcoinist!

Review of the Baikal 150 mh/s X11 DASH ASIC Miner

tungfa

legendary

Activity: 1834

Merit: 1023

May 2016 - Dash Core Team Monthly Report

https://www.dash.org/forum/threads/may-2016-dash-core-team-monthly-report.9144/#post-96787

tx kot
Grin

BankToTheFuture

newbie

Activity: 41

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https://i.imgur.com/7LZ8VBV.jpg

https://bnktothefuture.com/

HinnomTX

hero member

Activity: 525

Merit: 500

Quote from: sdp on June 12, 2016, 06:51:46 PM

I don't know what to do. If I sell BTC for Dash, I am sorry when BTC goes up. If I don't, I am sorry when Dash goes up. I am trying to keep a balance between the two. Maybe I should stop watching.

sdp

Run a Shannon's Demon / Harry Browne permanent portfolio. Keep BTC, DASH, fiat, and gold in balance. 25% USD, 25% DASH, 25 % BTC, 25% gold. Rebalance whenever any asset gets more than 35% or less than 15% of the 25% target.
It's a "get rich slow" strategy.

RenegadeMan

hero member

Activity: 658

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Quote from: ?? on ??

Quote from: TanteStefana2 on June 12, 2016, 07:18:35 PM

Quote from: sdp on June 12, 2016, 06:51:46 PM

I don't know what to do. If I sell BTC for Dash, I am sorry when BTC goes up. If I don't, I am sorry when Dash goes up. I am trying to keep a balance between the two. Maybe I should stop watching.

sdp

Just my opinion, and I'm not a trader, but the way I see it, BTC goes up with new fiat coming into the system. People stay there while it goes up, but then when it starts to level off, and even dip, the new money that went into BTC doesn't normally go back into fiat but rather into other coins. So I expect once BTC levels off or drops a bit, Dash will rise. That's my gut feeling. But again, I'm no trader and am often wrong. ??

(tawdry drivel that didn't even register a pulse on the "they're idiots but we are quite fond of our trolls" meter)

arielbit if only you'd spend the time you spend writing lame posts on here and making new threads with lists of people you're so personally affronted by, in doing something worthwhile you might have been more successful (and less of a buffoon).

BitWater

member

Activity: 402

Merit: 10

Quote from: Honest Tim on June 12, 2016, 05:55:18 PM

Quote from: BiteMyShinyMetalAss on June 12, 2016, 05:21:25 PM

Wau, DASH difficulty and hash rate, like doubled!

Hmmm, struggling to understand why that would happen in light of bitcoin's recent rise and alt's (dash's) downturn???

Baikai ASIC miners flooding the market.

TanteStefana2

legendary

Activity: 1260

Merit: 1001

Quote from: sdp on June 12, 2016, 06:51:46 PM

I don't know what to do. If I sell BTC for Dash, I am sorry when BTC goes up. If I don't, I am sorry when Dash goes up. I am trying to keep a balance between the two. Maybe I should stop watching.

sdp

Just my opinion, and I'm not a trader, but the way I see it, BTC goes up with new fiat coming into the system. People stay there while it goes up, but then when it starts to level off, and even dip, the new money that went into BTC doesn't normally go back into fiat but rather into other coins. So I expect once BTC levels off or drops a bit, Dash will rise. That's my gut feeling. But again, I'm no trader and am often wrong. ??

sdp

sr. member

Activity: 470

Merit: 281

I don't know what to do. If I sell BTC for Dash, I am sorry when BTC goes up. If I don't, I am sorry when Dash goes up. I am trying to keep a balance between the two. Maybe I should stop watching.

sdp

TanteStefana2

legendary

Activity: 1260

Merit: 1001

Quote from: toknormal on June 12, 2016, 06:16:06 PM

Quote from: RenegadeMan on June 12, 2016, 06:04:38 PM

Have been enjoying your Wall Observer posts Tok (you two timing BCT whore who just sat back down at the wrong table in the wrong clothes. Ha!)

LoL ! Yeah, it was a bit like that Grin

In support if my redemption, I didn't dump any Dash prior to this trend even though I knew fine well it was on the cards. (I'd have had to have knocked out a masternode and then there's the question of getting back in on the snapback. Too much hassle to be worth it).

Don't worry, the tide will come back in for us all when BTC takes a breather and it's sucked in a whole bunch more capital to the sector Wink

So true, and I think another good side effect is the volume, which is at almost a million, and that's good to see. for whomever sells, there is a buyer. Hopefully this means we're getting a lot more new people into this space

Ultimately spreading our potential user base

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: RenegadeMan on June 12, 2016, 06:04:38 PM

Have been enjoying your Wall Observer posts Tok (you two timing BCT whore who just sat back down at the wrong table in the wrong clothes. Ha!)

LoL ! Yeah, it was a bit like that Grin

In support if my redemption, I didn't dump any Dash prior to this trend even though I knew fine well it was on the cards. (I'd have had to have knocked out a masternode and then there's the question of getting back in on the snapback. Too much hassle to be worth it).

Don't worry, the tide will come back in for us all when BTC takes a breather and it's sucked in a whole bunch more capital to the sector Wink

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1102. (Read 9723733 times)