I think after the BTC rush alts will soon follow. People will be looking to diversify their holdings.
Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1626. (Read 9723706 times)
November 04, 2015, 10:46:15 AM
November 04, 2015, 10:04:36 AM
$ 6,167.39 per a BTC at 0.3% of all the fiat money or
$61,673.96 per a BTC at 3.0% of all the fiat money.
$61,673.96 per a BTC at 3.0% of all the fiat money.
Aren't you out by a decimal there ?
Doesn't the $61,673 price correspond to the 0.3% liquidity capture ? That would make the 3% correspond to a price of $616,730. (According to your figures).
(By the way, and if Dash were to capture 1% of Bitcoin's market, that would mean a 5x rise from here)
^This is what keeps me in Dash. Right now Dash is valued at less than a small-to-medium sized company. If Bitcoin replaces just 0.1% of the world's money, and Dash reaches just 1% of Bitcoin's marketcap, we are all rich.
Quick research shows in the neighborhood of USD $65 trillion in money supply (M3 or equivalent) in the world.
0.1% of $65 trillion is $65 billion
1% of $65 billion is $650 million
Dash would be worth $108 each; the price of a masternode would be over $100,000.
What if Dash reached 2%, or 3%, or 5% of Bitcoin's marketcap under that scenario? Or what if Bitcoin captured 0.15% or 0.2% or 0.25% of the world's money supply?
The sky isn't the limit. The moon isn't the limit. Freaking Pluto is the limit.
What I'm saying here is for us as well as the trolls. Holding virtually any decent form of cryptocurrency will make you very wealthy if even a fraction of a percent of the world's money flows into crypto.
November 04, 2015, 09:20:55 AM
$ 6,167.39 per a BTC at 0.3% of all the fiat money or
$61,673.96 per a BTC at 3.0% of all the fiat money.
$61,673.96 per a BTC at 3.0% of all the fiat money.
Aren't you out by a decimal there ?
Doesn't the $61,673 price correspond to the 0.3% liquidity capture ? That would make the 3% correspond to a price of $616,730. (According to your figures).
(By the way, and if Dash were to capture 1% of Bitcoin's market, that would mean a 5x rise from here)
November 04, 2015, 08:54:44 AM
1BTC = $499.58 for the 1st WOW
1DASH = 0.00582578 as the 2nd WOW
It's easy to get carried away in the exciting moment like ongoing BTC run, but after the Chinese decision I quoted earlier and so many developments surrounding the Bitcoin, I do feel like a huge paradigm shift is happening right in front of our eyes.
Translation: with several USD trillions (that's a "T") circulating as fiat money, in USD, EUR, JPY and CNY, just to mention the four big ones, capturing only 0.3% of all the fiat money in circulation (this is a very rough estimate assuming $3T in circulation for an easy math) would translate itself into a mind boggling market cap of USD 900,000,000,000.00 (nine hundred billion American dollars) or 123 TIMES more than where it is today
So
$ 6,167.39 per a BTC at 0.3% of all the fiat money or
$61,673.96 per a BTC at 3.0% of all the fiat money.
That was fun.
1DASH = 0.00582578 as the 2nd WOW
It's easy to get carried away in the exciting moment like ongoing BTC run, but after the Chinese decision I quoted earlier and so many developments surrounding the Bitcoin, I do feel like a huge paradigm shift is happening right in front of our eyes.
Translation: with several USD trillions (that's a "T") circulating as fiat money, in USD, EUR, JPY and CNY, just to mention the four big ones, capturing only 0.3% of all the fiat money in circulation (this is a very rough estimate assuming $3T in circulation for an easy math) would translate itself into a mind boggling market cap of USD 900,000,000,000.00 (nine hundred billion American dollars) or 123 TIMES more than where it is today
So
$ 6,167.39 per a BTC at 0.3% of all the fiat money or
$61,673.96 per a BTC at 3.0% of all the fiat money.
That was fun.
November 04, 2015, 08:18:01 AM
(P.S. You'll feel better by viewing marketcap.com in USD mode. Dash is always green then
)(P.P.S. Disclosure: Long Dash. Haven't shifted a single coin so it's not me thats selling. Might buy some though if this continues).
Same here. The bitcoins I have are burning in my hands! Buy now...wait a little...this is almost an existential issue Lol
Stamp at 500.
November 04, 2015, 07:57:37 AM
Changed days from the Zerohedge trolling of 2 years ago.
Also the right idea re. alts: (Apart from the 'Viacoin' bit
)
November 04, 2015, 07:56:00 AM
bla bla bla
new troll, welcome, and IGNORE
new troll, welcome, and IGNORE
November 04, 2015, 07:53:02 AM
Huobi level check...
...and climbing.
(P.S. You'll feel better by viewing marketcap.com in USD mode. Dash is always green then
)(P.P.S. Disclosure: Long Dash. Haven't shifted a single coin so it's not me thats selling. Might buy some though if this continues).
My goodness, this toknormal fellow sure seems overly optimistic for DASH?
"Everything is fine" they said as the ship was sinking
November 04, 2015, 07:42:34 AM
Huobi level check...
...and climbing.
(P.S. You'll feel better by viewing marketcap.com in USD mode. Dash is always green then
)(P.P.S. Disclosure: Long Dash. Haven't shifted a single coin so it's not me thats selling. Might buy some though if this continues).
November 04, 2015, 07:10:12 AM
What's coming next prescious?
I think he means a short squeeze.
November 04, 2015, 07:09:55 AM
moon ?
November 04, 2015, 07:09:12 AM
lmfao. I can't believe people are still holding this. Dash guys gonna short all the dash till everyone is capitulated, this is not the bottom. Then they'll sell off and wait to rebuy at $1mil marketcap.
Judging by your investment history it looks like you've been on the receiving end of that theory for most part. If this market is being driven by shorters then it's in for a rise not a decline. Shorts have to be closed and this is not a high liquidity market like Litcoin. Watch the asks vapourise when it turns around significantly since much of the post-decline resistance disappears into Dash's reserve market.
November 04, 2015, 07:05:48 AM
https://poloniex.com/exchange#btc_dash
pure manipulation, this small "500" Bot drives the price down to the ground.
We all know what's coming next.
pure manipulation, this small "500" Bot drives the price down to the ground.
We all know what's coming next.
What's coming next prescious?
November 04, 2015, 06:56:05 AM
lmfao. I can't believe people are still holding this. Dash guys gonna short all the dash till everyone is capitulated, this is not the bottom. Then they'll sell off and wait to rebuy at $1mil marketcap.
If you feel you can make good profit by trading then good for you. No one knows how this BTC pump affecting everything is going to end so it will make some people rich and some lose it all.
November 04, 2015, 06:49:08 AM
lmfao. I can't believe people are still holding this. Dash guys gonna short all the dash till everyone is capitulated, this is not the bottom. Then they'll sell off and wait to rebuy at $1mil marketcap.
November 04, 2015, 06:02:10 AM
You do understand that DASH also has 2 currencies on the network? The mixed coins and the unmixed coins.
It's pretty obvious that DASH has fungibility issues. You need default mixing to solve this.
It's pretty obvious that DASH has fungibility issues. You need default mixing to solve this.
That's apparently the plan for Evolution. I guess that stemmed naturally from the quorum system.
We've made some massive progress on the DS side and the next version will support network wide anonymity, that doesn't obscure UTXO like cryptonote, is instantaneous, has no bload, has blinding and other identity protection built in. We won't require a name anymore for the service, because it's not a service, Dash will just be anonymous by default.
The big question is if it will still be possible to turn that option off:
if darksend is very slow and costs fees, people will probably not mix as much as he hopes.
Well the plan seems to be that it is instantaneous as can be seen from the quote above, remains to be seen if that is attainable however.
November 04, 2015, 06:00:02 AM
November 04, 2015, 05:46:20 AM
...
So in summary, my sell points for reasonable confirmation (from purely a trading momentum perspective) would be:
5-Minute: 12 O'Clock+ on the MACD histogram
1-Hour: 2 O'Clock
4-Hour: 3 O'Clock
P.S. See what I mean ?...it's blown wide again just while writing that post
I learned from the best, woolly coat on standby So in summary, my sell points for reasonable confirmation (from purely a trading momentum perspective) would be:
5-Minute: 12 O'Clock+ on the MACD histogram
1-Hour: 2 O'Clock
4-Hour: 3 O'Clock
P.S. See what I mean ?...it's blown wide again just while writing that post
November 04, 2015, 05:42:46 AM
Perhaps you hold wrong alts? I do not see any particular "massacre" at the top...
I was more thinking of the 2-Month lead up to the rally:
Litecoin - 0.016 --> 0.01
Ethereum 0.007 --> 0.002
Dogue ..66 to ..33
Dash 0.012 --> 0.006
PowerPC 0.0016 --> 0.0012
Bitshares ~ ..2000 --> ..3000 --> ..800
NxT Shrivveled
Not to mention the last 24 hours
P.S. That's Huobi at 3000 Renminbi now. Closing in on $500.
...now 3045. Huobi 5-minute volume approaching all time high.
November 04, 2015, 05:26:57 AM
0.00600000 WOW
(yeah, yeah, I know, in dollar terms it's not that bad, blah blah... but damn!, 0.00600000)
(yeah, yeah, I know, in dollar terms it's not that bad, blah blah... but damn!, 0.00600000)
Thats another thing that makes me think this bitcoin rally is for real - the massacre of the alts. I've been killed on my Bitshares holdings which have now crumbled away to a sixth of their purchase value
Still, Dash is alive and kicking and number 6 on MK. It's being bought as well as sold - remember that
Perhaps you hold wrong alts? I do not see any particular "massacre" at the top...
Anyway, it seems quite obvious "BTCC Now Accepting Direct Bank Deposits" development is the key force behind this crazy run. Methinks it would keep going up as long as The Communist Party of China (CPC) does not curb yuan to BTC outflow. Remember how insanely they were buying stocks? The history repeats itself, only much faster nowadays...
source: https://www.btcc.com/news/article/btcc-now-accepting-direct-bank-deposits
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