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I don't think anyone has a real clue what would happen with the price. I sold all my BTC at $289.00 on July 29th and am very reluctant to go back. I also sold half of my DASH because I am scared of the short-term price movement while hopeful to be able to load up if the price of either BTC or DASH plunges.
DASH team / development seems as a project that has stamina (not to talk about the vision) to stay in this brutal game of changing the world of finance long term and to emerge as a winner, but with the world falling apart I have absolutely no clue will the upcoming stock market crisis result in crypto also crashing or not.
My overall feeling is that what's going on in the real world keeps the masses from anything new and abstract like crypto-currencies. I have clients all over the world and tried to introduce either DASH or BTC as a form of payment because costs of wire-transferring the money or PayPaling it makes a huge dent in our already thin margins but no one even wanted to consider my suggestion. And these were all IT people...
This does not bode well for a long-term prospects. In the nine months since I gather the data, a number of Dashtalk members rose from 1,853 on November 6th, 2014 to 3,160 today, August 10th, 2015. So, 1,307 people, or 130 per a month or roughly 4 - 5 people per a day are entering this sphere. The growth in this particular metric is flat-lined so the interest is not picking up despite really mind-blowing revolutionary advances Evan and the team are making.
We're still a lunatic fringe of a marginal movement that might not be a bad thing at all
but will the humanity, as fucked up as it seems to be, be able to grasp and embrace a whiff of freedom it is given is entirely beyond me.
This is a great post. I too have become skeptical of crypto over the last year and a half. There are times when I wonder if we aren't creating a solution where there is no problem? Decentralization sounds amazing, but does anybody really care? Low fee value transfers are great, but it's too hard to use.
It's also very frustrating that Dash is one of the best projects out there, but nobody will give us the time of day. Our marketcap languishes sub-$20 million, and mentioning Dash anywhere on these forums gets you flamed and mocked (outside of this thread, of course). How can we have such drastically superior technology and not even be a niche of a niche?
Every day the price of bitcoin trends down further. Greece/China gave us a nice run up, but of course once those crises passed, the price began to collapse again. I'm reminded of the saying "The market can remain irrational longer than you can remain solvent."
For now, here's hoping. Cheers!
P.S. For the record, let's go through how a U.S. customer buys Dash.
1) Register on an exchange such as Circle or Kraken or Coinbase.
2) Usually fill out a bunch of KYC information.
3) Input bank account info.
4) Make an ACH transfer into your account on the exchange.
5) Wait 3-5 business days. Now you have bitcoin. To convert back to fiat, reverse the process, all-the-while dealing with deposit and withdrawal limits.
6) To get Dash, set up a new account at another exchange like Cryptsy
7) Send your BTC there, buy Dash, send to wallet. (Alternately, you could use Shapeshift.io and avoid creating an extra account.)
LoL
