Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1626. (Read 9723926 times)

HODL! 

Betamax was slightly superior. Dash is vastly so. Permit me to cross-post a comment I made on Slack:

My own take is this: if Bitcoin is like the internet in the mid-1990s, then Dash is like Arpanet in the late-1960s. In both cases the possibilities are endless; I do believe that vastly superior technology will ultimately win the day, but I also believe our investment time frame needs to be ​*at least*​ 5-10 years.

I originally got involved in crypto in December of 2014 ($20 Litecoin days!)...much to my chagrin. I've often reflected that if I'd gotten involved two months earlier or two months later, I would have been so much better off! But anyway, I came into this with the impression that within a year or two the lid was going to blow off and we would all be very wealthy.

After nearly two years of seeing Bitcoin (and by extension, all of crypto) in the doldrums, I've greatly lengthened my timeframe. I still believe crypto is going to secure a very significant place in the fintech world, and that Dash will be a big part of that...but I believe it will take a lot longer than I had initially believed. We're doing something the world doesn't understand--something like creating SMTP or TCP/IP--and the world won't mass-adopt it until it becomes something they do understand, like Gmail or Firefox.

tl;dr ... Rome wasn't built in a day.

Yes Tok, it seems I am off for a decimal - I am not very good in simple math  


0.00554996
When I originally invested in Darkcoin I made a calculation (scrutinized and found correct regarding the numbers presented) based on shadow economy that pointed at 1 DRK = 0.80 BTC as a max value for one Darkcoin. Now the focus is not the shadow economy anymore so this calculation is as dead as the dead parrot or the Darkcoin itself...

Than the worst re-branding in history occurred and we have this 0.00554996 ratio which really makes me think about DASH's greatness. Betamax was far superior than VHS but the later outlasted the former for several, perhaps half a decade, years. I have no doubt in my mind that this thingy that is nor a coin neither the money is superior to Bitcoin's technology but I simply haven't got a clue will it survive at all...

We still have only a meager 3,421 members over at https://dashtalk.org/ and if you look here, there are only the usual suspects "defending" the DASH against the same number of trolls. We simply do not grow, do not have venture capital interested (still - but take a look at the structure of the Foundation board, they are close to it and yet nothing's going on, that the wider community is aware of, on that field) and are meekly positioning ourselves as the Bitcoin's superior competitor no one seems to care about.

So, as I always said - only the stamina of Evan and the developers team will decide DASH's future. Being totally out (again) as an investor I feel relief not to suffer the losses. I mean, I have - on the paper thus far - a profit of 76% on my BTC since I re-entered it at $234.00 and it feels better to gain than to lose

I mean, even as I typed this, DASH went down from 0.00554996 to 0.00545000. It's not fun to watch, much less to be in. (yeah, yeah, again, I know, in the dollar terms...)

people are now selling btc for fiat. In next days they'll swap their fiats for some other coin and it won't be BTC. They will choose LTC, DASH or otherone with nice volume at fiat pair.

I think after the BTC rush alts will soon follow. People will be looking to diversify their holdings.

^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.

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)

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.

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.

Changed days from the Zerohedge trolling of 2 years ago.

Also the right idea re. alts: (Apart from the 'Viacoin' bit    )

bla bla bla
new troll, welcome, and IGNORE
 

My goodness, this toknormal fellow sure seems overly optimistic for DASH? 

"Everything is fine" they said as the ship was sinking 

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).

I think he means a short squeeze.

moon ?
 

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.

What's coming next prescious?

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.

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.

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.