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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3064. (Read 9723748 times)

hero member
Activity: 658
Merit: 500

I'm just reflecting on the low supply and concluding that pumps are completely different kettles of fish this time around.

After a huge devaluation such as we saw across all coins last year following the manic speculative pumps, coins are in the hands of longer term holders. Ask yourself - who's going to hold onto a coin and not take profits after a massive dump to 20% of a coin's all time high ?

A: Only people who bought to hold long term.

i.e.

on the way up, it's buy to dump

on the way down it's buy to hold

So we have a completely different type of holder this time around. That's why the supply is so low (plus a ton of it is now tied up in masternodes). We won't see anything like the dumping we saw last year (though there will of course be corrections).

That's also possibly why the price hung around for so long in the 5-7 range. There just wasn't the liquidity anymore for any large buys (even 1 masternode) at those prices. A revaluation was is required.

Even so, I can't help looking at that Cryptsy order book and thinking - forget price hikes, this market looks in danger of going bid only.

That would be a first in crypto and a very interesting phenomenon.  Shocked

(Cryptsy's already there as far as masternodes are concerned - bid only. How's about that ? Cause for an Amber Alert)


We could actually be sitting on a volcano about to erupt. If there are people that have been keeping a check on DRK with a view to buying enough for an MN (or several) but not until it's somehow "proved" itself (whatever that means; something tells me we're there) we could see it race up past 0.01, then quickly 0.02. 0.03, 0.04, 0.05.....it's entirely possible a sudden lift-off/eruption is on the cards like nothing we've seen with DRK yet. Hold on everyone!
newbie
Activity: 33
Merit: 0
Panic buy started? I'm just hope that no more naive noobs will burn on this pump.

I think you are wishing the price go down, so you can buy back in. But I dont think at this point, it will go lower than 0.0093-0.0095
Oh, no I'm done with this coin. To much brain stress. I've got into another good coin in December. It paid off much better in 2 month then this thing that I've holded and even traided for half a year. And don't start this "price will not go below...". You can find it plenty in this thread, guess how many of them come true? Price will be what whales like otoh want it to be and when they are done pumping they will dump those coins on another stupid noobs and traiders faster than you can say "Dump!". It was done before and will be done again. Its good old Pump&Dump, nothing more.

You seem very sure about that, so how about we both put 2,000 DRK or whatever you're comfortable with in to a trusted escrow as a wager that in the next 12 months I never lower one of my bid walls, let alone dump, easy money if it's so obvious to you?
12 month? Too long for me. If you can pump it to 0.025-0.03 range in a following month than it would be a reasonable bet. If the price will just hold here because of your buy walls then whats the point? I will get more profit from trading elsewhere, then buying another 2000 drk. I really wish you good time. If you are confident in drk so much its all good. Make other people confident too. I'm out and will not come into drk again. 
legendary
Activity: 966
Merit: 1000
DRK would be undervalued at parity with BTC. It's hundreds of times faster to transact (or will be when IX hits mainnet), secures your privacy and for investors Masternodes provide an income unmatched by almost anything else at a sane risk/reward ratio.
legendary
Activity: 3066
Merit: 1188

I'm just reflecting on the low supply and concluding that pumps are completely different kettles of fish this time around.

After a huge devaluation such as we saw across all coins last year following the manic speculative pumps, coins are in the hands of longer term holders. Ask yourself - who's going to hold onto a coin and not take profits after a massive dump to 20% of a coin's all time high ?

A: Only people who bought to hold long term.

i.e.

on the way up, it's buy to dump

on the way down it's buy to hold

So we have a completely different type of holder this time around. That's why the supply is so low (plus a ton of it is now tied up in masternodes). We won't see anything like the dumping we saw last year (though there will of course be corrections).

That's also possibly why the price hung around for so long in the 5-7 range. There just wasn't the liquidity anymore for any large buys (even 1 masternode) at those prices. A revaluation was is required.

Even so, I can't help looking at that Cryptsy order book and thinking - forget price hikes, this market looks in danger of going bid only.

That would be a first in crypto and a very interesting phenomenon.  Shocked

(Cryptsy's already there as far as masternodes are concerned - bid only. How's about that ? Cause for an Amber Alert)
sr. member
Activity: 1593
Merit: 284
I think its a legitimate crunch time for those with just enough funds to deliver their 1st MN.

IMHO, it's still cheap to jump in now and secure a MN and therefore secure some regular income towards a second MN.  

For some, this may be the last chance to invest before we see a 2nd tier of resourced investors pulling the trigger on an investment based on DRK seeing through the first 12 months of market support, innovation by Evan (and team), the growing DRK development team, the community and signs pointing to a growing adoption of DRK.

So, get in now, be part of something...

Ditto every word.

It is so nice to see such a big spike in price and yet, the number of Masternodes did not decrease, on the contrary. (current count 2,088)
legendary
Activity: 1318
Merit: 1040
i think the .10 (currently 20+ cent) instantx fee is too high and the normal .001 (or .01) transaction fee should apply to anything under 50-100 darkcoins. for anything over 50-100 darkcoins .10 seems reasonable.
the only reason for it to be that high would be because of attacks but i don't think that's the case.
correct me if i'm wrong but don't the masternodes do all the instantx work while the miners do what they always do?
what am i missing?

p.s. please don't quote the trolls because i report them to mods and they deleted the last two spam post from this guy, if people quote him it does no good though.

https://github.com/darkcoin/darkcoin/blob/v0.11.1.x/src/wallet.cpp#L1923-L1927
Code:
               } else if(useIX && nFeeRet < CENT && nChange > (CENT-nFeeRet)) {
                    // IX has a minimum fee of 0.01 DRK
                    nChange -= CENT-nFeeRet;
                    nFeeRet = CENT;
                }

thanks, thats great! so the fee is only around 2 cents?

on testnet it's .10 which is around 20 cents right now.
http://imageshack.com/a/img912/9637/HqT4X8.jpg


0.1 is maximum DS overpay fee, not IX fee - you need to eliminate dead change to save anonymity.
Try sending IX only (no DS) transaction and see the difference  Wink
hero member
Activity: 658
Merit: 500
Meanwhile, over on the BTC-e troll box someone ventured forth this question:

Quote
shac: what about darkcoion today guys?

and then a minute or so later after getting no response:

Quote
shac: could darkcoin be the new litecoin?

and that was just on an hour ago now and not a single response.

As people have noted before, BTC-e is an almost completely clueless realm in regards to actual real developments in crypto. It's like they've all entered a "if it's not LTC related it doesn't exist" see-no-evil, hear-no-evil speak-no-evil zombie state.

ohhh bummer i missed that (am never on there anymore, no time)

you have the rest of the conversation from the troll box ?
; )

Yes, I don't go on there much either but thought I would today to see if DRK's getting any mentions.

Here's the comment in context (about 13 posts down from the top).

http://trollboxarchive.com/id/133707767
legendary
Activity: 1182
Merit: 1000
i think the .10 (currently 20+ cent) instantx fee is too high and the normal .001 (or .01) transaction fee should apply to anything under 50-100 darkcoins. for anything over 50-100 darkcoins .10 seems reasonable.
the only reason for it to be that high would be because of attacks but i don't think that's the case.
correct me if i'm wrong but don't the masternodes do all the instantx work while the miners do what they always do?
what am i missing?

p.s. please don't quote the trolls because i report them to mods and they deleted the last two spam post from this guy, if people quote him it does no good though.

https://github.com/darkcoin/darkcoin/blob/v0.11.1.x/src/wallet.cpp#L1923-L1927
Code:
               } else if(useIX && nFeeRet < CENT && nChange > (CENT-nFeeRet)) {
                    // IX has a minimum fee of 0.01 DRK
                    nChange -= CENT-nFeeRet;
                    nFeeRet = CENT;
                }

thanks, thats great! so the fee is only around 2 cents?

on testnet it's .10 which is around 20 cents right now.
http://imageshack.com/a/img912/9637/HqT4X8.jpg
Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba

Cryptsy only has less than 1500 DRKs for sale (at the time of posting).

Finnex has about 2-3000.

I've never seen such a thin supply - usually the asks thicken when there's a rise on because people are hoping to catch a panic buy and then repurchase after a correction, but it just continues to thin out.


n0ice Smiley

this could mean only one... 0.02 here we come
legendary
Activity: 3066
Merit: 1188

The breakout is firmly established on the longest range charts and we're now through the 0.008 resistance that the previous two breakout attempts bounced off last September and November...


hero member
Activity: 518
Merit: 500
Panic buy started? I'm just hope that no more naive noobs will burn on this pump.

I think you are wishing the price go down, so you can buy back in. But I dont think at this point, it will go lower than 0.0093-0.0095
Oh, no I'm done with this coin. To much brain stress. I've got into another good coin in December. It paid off much better in 2 month then this thing that I've holded and even traided for half a year. And don't start this "price will not go below...". You can find it plenty in this thread, guess how many of them come true? Price will be what whales like otoh want it to be and when they are done pumping they will dump those coins on another stupid noobs and traiders faster than you can say "Dump!". It was done before and will be done again. Its good old Pump&Dump, nothing more.

You seem very sure about that, so how about we both put 2,000 DRK or whatever you're comfortable with in to a trusted escrow as a wager that in the next 12 months I never lower one of my bid walls, let alone dump, easy money if it's so obvious to you?

Otoh you are such a legend, I really hope you get to fill your boots, the more dark you have the better... good luck on getting this offer accepted though.. I think you will find his bark is bigger then his bite...
legendary
Activity: 3066
Merit: 1188

Cryptsy only has less than 1500 DRKs for sale (at the time of posting).

Finnex has about 2-3000.

I've never seen such a thin supply - usually the asks thicken when there's a rise on because people are hoping to catch a panic buy and then repurchase after a correction, but it just continues to thin out.
donator
Activity: 3136
Merit: 1167
Panic buy started? I'm just hope that no more naive noobs will burn on this pump.

I think you are wishing the price go down, so you can buy back in. But I dont think at this point, it will go lower than 0.0093-0.0095
Oh, no I'm done with this coin. To much brain stress. I've got into another good coin in December. It paid off much better in 2 month then this thing that I've holded and even traided for half a year. And don't start this "price will not go below...". You can find it plenty in this thread, guess how many of them come true? Price will be what whales like otoh want it to be and when they are done pumping they will dump those coins on another stupid noobs and traiders faster than you can say "Dump!". It was done before and will be done again. Its good old Pump&Dump, nothing more.

You seem very sure about that, so how about we both put 2,000 DRK or whatever you're comfortable with in to a trusted escrow as a wager that in the next 12 months I never lower one of my bid walls, let alone dump, easy money if it's so obvious to you?
legendary
Activity: 1318
Merit: 1040
i think the .10 (currently 20+ cent) instantx fee is too high and the normal .001 (or .01) transaction fee should apply to anything under 50-100 darkcoins. for anything over 50-100 darkcoins .10 seems reasonable.
the only reason for it to be that high would be because of attacks but i don't think that's the case.
correct me if i'm wrong but don't the masternodes do all the instantx work while the miners do what they always do?
what am i missing?

p.s. please don't quote the trolls because i report them to mods and they deleted the last two spam post from this guy, if people quote him it does no good though.

https://github.com/darkcoin/darkcoin/blob/v0.11.1.x/src/wallet.cpp#L1923-L1927
Code:
                } else if(useIX && nFeeRet < CENT && nChange > (CENT-nFeeRet)) {
                    // IX has a minimum fee of 0.01 DRK
                    nChange -= CENT-nFeeRet;
                    nFeeRet = CENT;
                }
hero member
Activity: 518
Merit: 500
Ps, this rise is starting to bear a scary resemblance to the mega run.. except with a whole years development now in the bag!
hero member
Activity: 518
Merit: 500
Wow, morning guys

Looks like the 4h macd was not lying! Multi day rally in all probability now so this is just the start.. looks like a gap up, we have consolidated so much, it's been such a steady rise, no surprise if it gets a bit more jumpy as dark is still so cheap right now and most sensible people don't want to sell!

Agree about dark coin taking over from ltc, just a matter of when.. great community..
hero member
Activity: 655
Merit: 500
GOOD MORNING DARKCOINERS!  Cool
Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba
Meanwhile, over on the BTC-e troll box someone ventured forth this question:

Quote
shac: what about darkcoion today guys?

and then a minute or so later after getting no response:

Quote
shac: could darkcoin be the new litecoin?

and that was just on an hour ago now and not a single response.

As people have noted before, BTC-e is an almost completely clueless realm in regards to actual real developments in crypto. It's like they've all entered a "if it's not LTC related it doesn't exist" see-no-evil, hear-no-evil speak-no-evil zombie state.
And here is better? Good joke. In every thread there is absolutely identical thing happening: " Our coin is the best, this or that coin is a scam and total shit, and f*ck you trolls".

can you find my post that i mention other coin sucks? Wink no sir i respect all coins, but my love is on DRK from day 1 so your argument is like your btctalk user... newbie
legendary
Activity: 1834
Merit: 1023
Meanwhile, over on the BTC-e troll box someone ventured forth this question:

Quote
shac: what about darkcoion today guys?

and then a minute or so later after getting no response:

Quote
shac: could darkcoin be the new litecoin?

and that was just on an hour ago now and not a single response.

As people have noted before, BTC-e is an almost completely clueless realm in regards to actual real developments in crypto. It's like they've all entered a "if it's not LTC related it doesn't exist" see-no-evil, hear-no-evil speak-no-evil zombie state.

ohhh bummer i missed that (am never on there anymore, no time)

you have the rest of the conversation from the troll box ?
; )
newbie
Activity: 33
Merit: 0
Meanwhile, over on the BTC-e troll box someone ventured forth this question:

Quote
shac: what about darkcoion today guys?

and then a minute or so later after getting no response:

Quote
shac: could darkcoin be the new litecoin?

and that was just on an hour ago now and not a single response.

As people have noted before, BTC-e is an almost completely clueless realm in regards to actual real developments in crypto. It's like they've all entered a "if it's not LTC related it doesn't exist" see-no-evil, hear-no-evil speak-no-evil zombie state.
And here is better? Good joke. In every thread there is absolutely identical thing happening: " Our coin is the best, this or that coin is a scam and total shit, and f*ck you trolls".
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