Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1109. (Read 9723748 times)

Good question--as soon as I say something....

So - what now I see is btc correction? btc now at 570$ at bitfinex..

Fundamentally, here's what I see:

a) Bitcoin is now (finally) in a bull market. It was pummeled from $1150 all the way to $170 in an incredibly devastating two year bear market. Bitcoin has come a long way since November 2013, and it's not unreasonable to assume that it's been undervalued for months. When something is overvalued (Nov 2013) it typically crashes. When something is undervalued (late 2015) it usually soars. It's kind of like political elections in a two-party system, where one party rarely maintains control indefinitely.

b) The blocksize debate has probably been holding Bitcoin back, significantly, in terms of price appreciation. The debate is not yet resolved, but SegWit is ready to go (pending 95% signalling), and Lightning Network is in beta, and presumably ready to go once SegWit is accepted (SegWit is necessary to fix malleability). This is a long way from where we were last year, with a raucous debate and no solutions on the immediate horizon. Argue all you want about off-chain versus on-chain scaling, but I think the market is realizing that the problem of full blocks is about to go away.

c) The Halving. This is a big deal, and one that I think will generate a lot of hype in the media in the coming weeks. There is some fear of a "death spiral" due to miners being removed from the network and a new difficulty adjustment taking too long, but I think the risks of that are minimal--particularly if the price continues to appreciate (which will make marginal miners profitable). Some people say it's "priced in" because we knew the Halving was coming. Others, like me, say that it's always a bad idea to underestimate the power of hype. Bitcoin has been getting a lot of national media exposure...I don't think they're going to fail to report on this event.

In terms of technical analysis:

a) Bitcoin just exited a six month symmetric triangle, where the price compressed very tightly. It was likely to make a big move, one way or the other, and it moved upwards. That's a very big triangle, and I doubt that a 40% move is all that's going to happen.

b) The technicals also show a bull flag, with the flag part as an ascending triangle. This also makes it likely that the price will rise.

c) There are two major psychological barriers right now: $600 and 4000 CNY. Of the two, the 4000 CNY (about $610) is probably more significant, because of the supposed tetraphobia of the Chinese. Both those barriers are holding the price back right now. If...and it's an if...Bitcoin manages to surmount those two barriers, then a significant "drag" or "resistance" will be removed, and they will become support. The next level of resistance is around $660 - $680.

Anything could happen, and Bitcoin is famous for those massive $100 retraces that wreck everybody, but odds are in favor of continued appreciation. Which unfortunately means that Dash will probably trend down for a while longer yet. This shouldn't be an issue, because anybody that sells their Dash for less than $1000 is shortchanging themselves. Hodl =)

nope, up to $650 just before the w/e.

Do You think btc drop this week a little?

As great as this is, remember that walls can be pulled or moved. Remember that moving wall that shot us up really high last year, and then got pulled?

Otoh is a hodler, yes. But he's also a trader. A very smart one. He's not likely to pay more than necessary; if he thinks he can buy 22,000 DASH at 0.0125 rather than 0.013, why wouldn't he?

Am buying some now - wont be long before we are back above $8

good time to buy in DASH now.

 

In other news....

CoinJoin: Combining Bitcoin Transactions to Obfuscate Trails and Increase Privacy

Schnorr signatures could allow for the aggregation of all signatures in a CoinJoin transaction into a single signature. This efficiency should result into lower transaction fees per input, and perhaps stimulate use of the most private and fungibility-friendly solution.
https://bitcoinmagazine.com/articles/coinjoin-combining-bitcoin-transactions-to-obfuscate-trails-and-increase-privacy-1465235087

Could these "Schnorr signatures" benefit DASH?

Blaming external factors is a lame excuse for Dash's recent price crash, especially after using the BTC-E listing (hello, external factor) as an excuse to pump and shill.

How did the rosy predictions about BTC-E turn out?

What money without borders or bankers looks like

http://www.theglobeandmail.com/report-on-business/what-money-without-borders-or-bankers-looks-like/article30284066/

Dash mentioned
 

lol WTF as dick swinging goes, that's impressive O_O

Well that's a big buywall

this pump we are seeing is part of the halving for sure. so when we get there the price will already be where it needs to be.

I dunno Qwizzie, last September/October, less than 9 months ago, the price was less than half of what it is today.  Now I don't know how new the average equipment is, or how long it stays online, but I can't imagine that equipment is getting more expensive today than 9 months ago (where I think the race with asics was much harsher).  So my guess, personally, is that BTC has risen in anticipation of the halving and that the rest is miner propaganda to try and raise the price more (for more profit).

If they keep pushing this hysteria, they may get another big rise in BTC price, but I think it'll fall again when the demand for BTC can't be sustained.

Me?  I just stick with Dash because, personally, I think it's the only coin with real long term value.  But I'm no expert, and there is a lot of interesting stuff going on out there in blockchain world, but Dash is what pulls my heart strings, because if Dash is successful, we will have truly changed the world .

http://www.coindesk.com/crisis-halving-bitcoin-mining/

Very informative and useful. Thank you both.

That link is pretty old.  This post from August has the best info.

https://bitcointalksearch.org/topic/m.12254611

UdjinM6 started the top commands and moocowmoo added the way to enable and disable easily.

Dashwhale also has a restart script and checks if they daemon is on the right block.  It will restart and email you if there is a problem.

For anybody that's concerned about the price of Dash at a given point in time, consider two very big factors outside our control: the correlation with Ethereum's price and the inverse correlation with Bitcoin's price. With a few exceptions, significant increases in the price of ETH tend to benefit Dash by focusing attention on altcoins, while significant increases in the price of BTC do the exact opposite. In the last major BTC price increase (late last year), our price in BTC terms was cut in half (roughly .011 to .0055), although in dollars we stayed relatively stable.

I mention this because I know there's always concern when people see the price move, particularly in the "wrong" direction. It shouldn't be a concern over the long-term; we're a very small project that's being driven about by the waves and eddies of those that are much larger than us. I do not believe this will always be the case.