[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1219.

tombtc

sr. member

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Quote from: spatula on March 17, 2016, 11:03:03 AM

Quote from: tombtc on March 17, 2016, 10:22:51 AM

Does this even matter? 450 mln coins vs 6.5 mln coins. For me it would only be useful if every coin had the same amount of coins mined.
To overtake bitcoin dash would have to be worth over $1000. Does that mean if dash goes to $500 people will still be saying "dash is not number 1 in crypto?". LOL

Huh? The discussion you were referencing is talking about marketcap, not token price.

Yes I was talking about the market cap and how irrelevant it is to be 1st or 2nd or whatever on that list.

spatula

hero member

Activity: 507

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Quote from: tombtc on March 17, 2016, 10:22:51 AM

Does this even matter? 450 mln coins vs 6.5 mln coins. For me it would only be useful if every coin had the same amount of coins mined.
To overtake bitcoin dash would have to be worth over $1000. Does that mean if dash goes to $500 people will still be saying "dash is not number 1 in crypto?". LOL

Huh? The discussion you were referencing is talking about marketcap, not token price.

iCEBREAKER

legendary

Activity: 2156

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Crypto is the separation of Power and State.

Quote from: G.avinMcInnes on March 17, 2016, 10:26:36 AM

DASH just isn't well known or liked yet. Lot of FUD sticked from Monero shills back in the day. Our coin is nothing but respectable. We just need to let people know that monetary policy matters, and in this regard, DASH has Ether BEAT!

To be fair and accurate, Peter Todd and Greg Maxwell (who provided some of the most devastating anti-Dash "FUD") are BTC core devs, not "shills."

As for Dash being "respectable," vertoe debunked that self-serving community delusion when she quit being a Dash core dev.

I know it's easier to deflect criticism by attacking the motivations of the critics than actually defend/rationalize the instamine and bad crypto, but let's try to stay in fact-based reality.

G.avinMcInnes

newbie

Activity: 28

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Quote from: tombtc on March 17, 2016, 10:22:51 AM

Does this even matter? 450 mln coins vs 6.5 mln coins. For me it would only be useful if every coin had the same amount of coins mined.
To overtake bitcoin dash would have to be worth over $1000. Does that mean if dash goes to $500 people will still be saying "dash is not number 1 in crypto?". LOL

DASH just isn't well known or liked yet. Lot of FUD sticked from Monero shills back in the day. Our coin is nothing but respectable. We just need to let people know that monetary policy matters, and in this regard, DASH has Ether BEAT!

tombtc

sr. member

Activity: 471

Merit: 250

Does this even matter? 450 mln coins vs 6.5 mln coins. For me it would only be useful if every coin had the same amount of coins mined.
To overtake bitcoin dash would have to be worth over $1000. Does that mean if dash goes to $500 people will still be saying "dash is not number 1 in crypto?". LOL

TanteStefana2

legendary

Activity: 1260

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RE: buying other coins

It's hard for me to see buying most any other coin even if I think it's a great idea, like Ethereum, because I'll never have use for it myself. None of my kids are programmers, but maybe they would use it?? I don't know, but Dash is the best currency in the space. Currency I can see using. So it's not too hard to hold for me. But boy, I love gambling. I'd probably be all over trading if I had the funds to do that ;P But to be honest, I'd undoubtedly constantly lose. It's safer for me to go to Las Vegas as I'd do better with random chance and against house odds than trying to be unemotional and trade properly, LOL.

f2000

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Quote from: spatula on March 17, 2016, 10:11:54 AM

Now, for my next trick Cheesy

spatula

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f2000

member

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So close, yet so far.

G.avinMcInnes

newbie

Activity: 28

Merit: 0

Quote from: ddink7 on March 17, 2016, 09:37:12 AM

So I don't know much about trading...previous resistance becomes support though, right? So with resistance around .012 we should now have support at approx. the same level (or as you said, around .0119)?

What is likely to happen is we touch 0.012, maybe even go below it into 0.011 territory, then we start back up, eating shorts on the way like the last rally, ignoring traditional 15min cycles, or we see a traditional dash daily cycle with about 0.01 volatility to 0.0145 down to 0.0135 for a day or two.

Tough to tell. DASH is still determined by whales. We need more liquidity to begin to ignore their threat of dumping, and even still we have to remember the reserve market is just that - potential quantitative easing for the trading markets!!!

You know what I want Wink

G.avinMcInnes

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Quote from: ddink7 on March 17, 2016, 09:37:12 AM

Quote from: G.avinMcInnes on March 17, 2016, 09:05:34 AM

A lot of profit taking in the last few hours, I wonder when we'll consolidate and go higher. My guess based on the 1hr, 2hr, and 4hr chart is we could go as low as 0.0119 before going higher than 0.015 again.

A lot of this growth is a) due to our awesome network and/or b) unprecedented in the last few cycles. Volume has gone up. Loans have grown in demand, and people are noticing this network, especially in the face of ETH collapsing.

We could see a lot of pain in the next 4-16 hours fam, best close your long positions now while you can!

So I don't know much about trading...previous resistance becomes support though, right? So with resistance around .012 we should now have support at approx. the same level (or as you said, around .0119)?

True but support can quickly become resistance if a whale or bear decides to invest some money into keeping it down. Trading is about cycles and manipulation. If you can manipulate the 15 min chart to look the way you want it to, and so on so forth up to the 1hr, you can manipulate volume and leverage it in your position.

The problem with Poloniex is a lack of orders and volume (still!). We need ETH volume for people like me to stick around. Shorts stick out like a sore thumb due to lack of lending, even though lending is growing.

This means lenders can buy the shorted dash and utilize margin orders to liquidate those shorts, further driving up prices and satisfying their long positions.

This is what happened in the last 30 hours, from our 0.0134 rally. It never got low, plenty of shorts though, so they all closed at losses or were liquidated when the price went above 0.016 if they forgot to cover their shorts of collateralize their trading account.

How to make money with DASH from least risky to most risky:

a) masternodes
b) partial masternoding services
c) lending dash
d) trading dash

So with that in mind, we may see more risk-reward in the trading as most coins only have c) and d)

ddink7

legendary

Activity: 1120

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Quote from: G.avinMcInnes on March 17, 2016, 09:05:34 AM

A lot of profit taking in the last few hours, I wonder when we'll consolidate and go higher. My guess based on the 1hr, 2hr, and 4hr chart is we could go as low as 0.0119 before going higher than 0.015 again.

A lot of this growth is a) due to our awesome network and/or b) unprecedented in the last few cycles. Volume has gone up. Loans have grown in demand, and people are noticing this network, especially in the face of ETH collapsing.

We could see a lot of pain in the next 4-16 hours fam, best close your long positions now while you can!

So I don't know much about trading...previous resistance becomes support though, right? So with resistance around .012 we should now have support at approx. the same level (or as you said, around .0119)?

G.avinMcInnes

newbie

Activity: 28

Merit: 0

I don't expect DASH to trade for under 0.013 for any sustained period of time (days) due to the increase in volume, the reserve market, and general bullish indicators (new trading pair, recent price action in the last 7 days, long term hodling bulls).

The nice thing about DASH is it's ROI which influences whales and permabulls to such an extent that we may see continued repricing higher until we see some large unforeseen change in the market.

Let's be real, DASH has nowhere near as much likability and presence as ETHER or even FACTOM and MAIDSAFE. This is not a bad thing. Time and future rallies will trump Poloniex DASH haters and the like.

G.avinMcInnes

newbie

Activity: 28

Merit: 0

A lot of profit taking in the last few hours, I wonder when we'll consolidate and go higher. My guess based on the 1hr, 2hr, and 4hr chart is we could go as low as 0.0119 before going higher than 0.015 again.

A lot of this growth is a) due to our awesome network and/or b) unprecedented in the last few cycles. Volume has gone up. Loans have grown in demand, and people are noticing this network, especially in the face of ETH collapsing.

We could see a lot of pain in the next 4-16 hours fam, best close your long positions now while you can!

G.avinMcInnes

newbie

Activity: 28

Merit: 0

Quote from: ddink7 on March 17, 2016, 08:37:41 AM

Quote from: toknormal on March 16, 2016, 07:56:41 PM

Quote from: ddink7 on March 16, 2016, 06:11:40 PM

It's VERY HARD to sleep knowing that your family would be a million dollars richer if you hadn't been greedy Sad

Thats the wrong conclusion. You did exactly the right thing buying the darkroom IMO.

Markets work because people invest in what they value - not what other people value. What people value is very diverse and the market then aggregates out all that diversity and should arrive at a price which drives products from sectors of surplus to sectors of deficiency.

If you had stuck all that cash into a crypto you'd have been without a darkroom for 2 years which is a personal pursuit far more worthy of investment than money-to-make money - I'd actually have thought the 'greed' option would have been buying a speculative crypto in the hope of "getting rich" would it not ? Of course do some investing in the hope of making gains, but I would not sacrifice day to day activities for it. (In fact it's 3 years since I spent any fiat at all on crypto and even then it was only a 3 figure sum).

By the way, that trading strategy of selling a dash pump for an Ethereum dump seems to have been quite popular...

https://i.imgur.com/Bzk7cKo.png

You have a good point here, and it does make me feel some better. I'm considering:

a) Dash is a great investment, especially in the long term. I'm very, very glad I found it. Wish I had found it a month or two later, but hey =)

b) I probably wouldn't have held ETH nearly this long. Most likely I would have sold around $2 - $3 (as in fact I did with the small amount I bought in the presale). So instead of a million, we're talking a couple hundred thousand. Still a lot of money, but it helps.

c) I might have thought myself a trading genius and lost much of that by investing in shit.

d) Dash is a wonderful place to be, and I really believe that within ten years we'll have 1000x growth. We have literally solved all of Bitcoin's problems (or are presently solving, in a couple cases), are self-funded, and have an amazing team and community. I've met a lot of great people and had the chance to help out with a project I really believe in.

So no, it's definitely not all bad!

Dash is a long term investment at any price point below bitcoin IMO. Definitely not something you can day trade rallies on like toknormal has been saying...

ddink7

legendary

Activity: 1120

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Quote from: toknormal on March 16, 2016, 07:56:41 PM

Quote from: ddink7 on March 16, 2016, 06:11:40 PM

It's VERY HARD to sleep knowing that your family would be a million dollars richer if you hadn't been greedy Sad

Thats the wrong conclusion. You did exactly the right thing buying the darkroom IMO.

Markets work because people invest in what they value - not what other people value. What people value is very diverse and the market then aggregates out all that diversity and should arrive at a price which drives products from sectors of surplus to sectors of deficiency.

If you had stuck all that cash into a crypto you'd have been without a darkroom for 2 years which is a personal pursuit far more worthy of investment than money-to-make money - I'd actually have thought the 'greed' option would have been buying a speculative crypto in the hope of "getting rich" would it not ? Of course do some investing in the hope of making gains, but I would not sacrifice day to day activities for it. (In fact it's 3 years since I spent any fiat at all on crypto and even then it was only a 3 figure sum).

By the way, that trading strategy of selling a dash pump for an Ethereum dump seems to have been quite popular...

You have a good point here, and it does make me feel some better. I'm considering:

a) Dash is a great investment, especially in the long term. I'm very, very glad I found it. Wish I had found it a month or two later, but hey =)

b) I probably wouldn't have held ETH nearly this long. Most likely I would have sold around $2 - $3 (as in fact I did with the small amount I bought in the presale). So instead of a million, we're talking a couple hundred thousand. Still a lot of money, but it helps.

c) I might have thought myself a trading genius and lost much of that by investing in shit.

d) Dash is a wonderful place to be, and I really believe that within ten years we'll have 1000x growth. We have literally solved all of Bitcoin's problems (or are presently solving, in a couple cases), are self-funded, and have an amazing team and community. I've met a lot of great people and had the chance to help out with a project I really believe in.

So no, it's definitely not all bad!

Walter_S

sr. member

Activity: 310

Merit: 250

Quote from: EdgarTheEdge on March 17, 2016, 06:43:05 AM

Quote from: Honest Tim on March 17, 2016, 06:16:50 AM

Talking about holders.....

Total Masternodes: 3631 = 3630 actives + 1 inactives [3615 unique IPs] (Last refresh: Thu Mar 17 2016 11:12:43 AM)

It is a good amount isn't it? Cheesy

DASH has a bright future in my opinion...

Could see this spike even more in the next couple of days. I only just noticed that a couple of my vultr hosted MNs we're kicked offline the last day or so... I'm sure there will be many others with the same problem so once people restart their nodes we could see a new ATH Grin

Walter

EdgarTheEdge

full member

Activity: 210

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Quote from: Honest Tim on March 17, 2016, 06:16:50 AM

Talking about holders.....

Total Masternodes: 3631 = 3630 actives + 1 inactives [3615 unique IPs] (Last refresh: Thu Mar 17 2016 11:12:43 AM)

It is a good amount isn't it? Cheesy

DASH has a bright future in my opinion...

Honest Tim

hero member

Activity: 768

Merit: 1000

Talking about holders.....

Total Masternodes: 3631 = 3630 actives + 1 inactives [3615 unique IPs] (Last refresh: Thu Mar 17 2016 11:12:43 AM)

Cryptorials

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Activity: 690

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Cryptorials.io

Quote from: pbleak on March 17, 2016, 05:15:42 AM

Quote from: Lukas_Jackson on March 17, 2016, 04:50:29 AM

Poloniex looks like a good, old Mintpal.
Pump after pump

The little DASH pump could have been anything.

Could have just been next in line since a lot of alts do seem to be getting pumped, but I think part of the reason for the recent wave of altcoin pumps is the problem with bitcoin struggling to scale. Pumpers may plan to dump asap, but they aren't stupid and do tend to do it when something is looking like it wants to go up anyway. When you've just tried to make a bitcoin transaction and waited ages for it to confirm, instant transactions do gain a new appeal.

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1219. (Read 9723787 times)