Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1631. (Read 9723926 times)

Big waves @ stamp, 420 to 360 and up...

We see the BTC price going up, but the upside for DASH is exponentially better.  DASH is still up in fiat at $2.87/DASH. 

Assuming all mining/masternode rewards are cashed out, BTC needs to have $1.5 Million a day to be pumped in for the price to stay at $420.  DASH only needs $8,200/day to keep the price where it is at.  Even if 1% move from BTC to DASH, the DASH price will jump 3x.  Of course, miners can hold coins and price is more based on buyers interest.

I'd expect more fluctuations in that case but that's assuming speculators are smart enough to pull coins off an exchange after buying and that's not a safe assumption :/ It'd be smart for the exchanges to be running MNs but Polionex is only showing 14k on their ask depth and they'll be minting profits on fees atm so I wouldn't be surprised if they haven't gone to the trouble of setting up MNs to make an extra 10 Dash a day in revenue.

+1 for that username!

Yeah we are holding pretty nicely, because if people have BTC  for right now they are keeping it and riding the wave until it at least seems to peak somewhere. The confidence people have in Dash is amazing holding close to .0070 through this rise, once BTC peaks we could see a little rally of our own.

Ok, but do we know how many MN are controlled by exchange itself? If 60% of trade happens in Polionex, they can easily set up 50% in masternodes and just dump  the coins... Or am i paranoid?

I have exagerrated a little bit... DASH is sweating hard compared with ETH and bitshares or all other alts. yet the support is still small!

According to the poloniex depth chart I'm looking at, 2k Dash worth of sales would drop the price to .006766

Looking at poloniex

Where do you see that?

There seems to be no support for dash...  2MN and we go down to 0.003 :/

By the way, I think the timing for Dash's Evolution developments (2016+) could not be better.

It's had a total hammering this year and survived but Evolution will take it out of the nursery just at a time when real adoption - as opposed to speculative trading - will value user-oriented features far more highly than a speculative market would.

The features that Dash is targeting are all weaknesses in Bitcoin and yet have a great practical impact on day to day use. Thats why I say if it can keep itself visible in the top 10 it will get a lot of attention and investment from diversifying investors as well as possible actual real markets for new monetary media.

It's very very similar to Nov 2013 except in this early stage we've jumped up $100 in 3 days.

If you put Bitwisdom's Bitstamp chart on 3Days and scroll all the way back and look at that run up to the ATH, prices were going up as follows:

Nov 2 - 4  $201 -> $232

Nov 5 - 7  $227 -> $300

Nov 8 - 10 $266 -> $363

Nov 11 - 13  $316 -> $401

Nov 14 - 16  $384 -> $448

Nov 17 - 19 $376 -> $754

Nov 20 - 22  $442 -> $801

Nov 23 - 25  $749 -> $875

Nov 26 - 28  $804 -> $1048

Nov 29 - Dec 1  $799 -> $1163


Given it's powering even harder than what we saw back then it won't surprise me at all if the bubble is ten times the previous one. We could easily see $10K BTC this time.

Good points...Lord knows that all the good stuff that has happened in the ecosystem in the last two years has been basically ignored price-wise.

I don't really think it is the capital controls that's driving it. It's a whole mix of stuff. More than anything, if you just look back at the history of bitcoin valuation, it's basically doing the bitcoin "thang".....big rise, collapse, retrace to 20% of the last rise, wait a long time for the price to get fully compacted, then another big rise and price in the new fundamentals.

Things like the Eu ruling and the Chinese devaluation are just the sparks that light the tinder. The reason I think that is because there have been so many 'sparks' during the last 2 years - everything from Overstock to ETF rumours and bitcoin didn't do anything. On the other hand, I've got massive deja vu right now from 2013 and the jump up to 266 in April of that year. That was Cyprus according to everyone but actually what happened is that it was ripe for a rise. Then it compressed around $70-$90 for months till Christmas before taking off again.

I think it's just the growth pattern. Fundamentals grow and get priced in in jumps, not linearly. I wouldn't be surprised if we got a jump to $2-3000 then a retrace to say $1000. (Or if I may be so bold, a jump to $6000 then a retrace to $1500).

Of course it could always puff out at $500. But the thing is, the longer cryptocurrencies survive, the more they defy the critics and the more "fear" gets into people about being left out. They also get huge amounts of publicity whenever there's a rise and the infrastructure's getting more user friendly all the time. Wait till Dash delivers Evolution - that's going to be a massive jump in useability for all crypto. So it's a kind of self-fuelling cycle that brings adoption ever closer to inevitability.

Update: Here we go, Zerohedge is talking about Bitcoin every day now. Soon eyebrows will be raised all over the place including Bloomberg.

Unfortunately it's impossible to do any T/A on a vertical line.

Huobi seems to want to get to $500 in a matter on minutes. Dash holding beautifully steady at 7, enjoying the elevator ride.

Tok, could we get a detailed analysis from you when you have time? As you know, I greatly enjoy reading your posts.

I have two questions: are the new capital controls really so draconian that this rally can continue? What happens if/when the Chinese government steps in and cracks down, like they did in December13/January14? Is there any solid Western demand, or is China the only source of major demand as in Nov13?

And finally there goes Stamp too!


(Edit: over $400 that is)

For some coffee break entertainment, take a look at this: https://bitcoinwisdom.com/markets/huobi/btccny

In its livelier moments, Huobi trading makes western exchanges look like a church jumble sale. 2-figure trades is granular BTC over there. I can sure see why the Chinese govt. like to put the lid back on that pressure cooker from time to time. Bitstamp is just hanging onto its coat-tails - everyone looks at Huobi to see what to do next. As soon as there's the slightest pause in Chinese trading the Western exchanges go into an immediate tailspin, dumping huge amounts of BTC and then manicly buying back in when they see China put down its tea.

Hilarious.

Edit: Look - it's already at $414 dollars. It put on another $10 just as I was writing that post. BTCe's still in the $370's.
 
The only people that can put a stop to this mayhem is the State Council of the People's Republic. No doubt it's only a question of time now  

Update: First Western exchange over the $400 line = Bitfinex.

Update 2: Maybe the Chinese Govt are in fact with this all the way. They've been moping up all the gold for the last few years so it may make sense to let the people mop up all the Bitcoin so that they have a robustly financed population that holds a large part of all the new currencies - both the gold backed remnimby and blockchain decentralised currencies.

P.S. Huobi now over $420. 3-day volume approach all time high ever (which was the previous 3 days  )

Absolutely. That aspect of Dash is a masterstroke and one that brings real diversity to the investment.

I'd say just sit back and enjoy the show. I don't see this rally stopping anytime soon except maybe for brief cups of tea. It's headed into 4 figures.