Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3207. (Read 9723858 times)

This is the power of Darkcoin that it is still stable after what happened with Bitcoin.

Guys, The Bank of Swiss has put the blockade down of CHF/EUR pair ! +17% value of CHF! LOL Incredibile!

Not even close. We are gonna see sub 100$ soon. Those bear whales didn't dump all those coins for nothing.

Done~ && Done

 Lol Darkcoin is like super stable . It's incredible !

Agreed. There is already a system that uses mobile money and bitcoin, BitPesa in Kenya

And you mean the unsustainable debt that keeps pilling up?

If anything at least the Litecoin Association has nothing like the stigma attached to the Bitcoin one

I hope it goes back to 178euro before it goes up again because my funds are still in progress blech grrr

lets see if this was really it
i am not so sure yet !

Wow. It's going like a rocket. Mad panic.

The buyback's only accelerating.

BTC is up again. All alts down (reg. btc). Well, exept hm... drk. again     

Absolutely.

Adoption is everything in this game - adoption and so called 'network effect'. I agree that LTC has a future, if for no other reason than it did make a lot of headway in the early days and is traded on all the major high liquidity exchanges so you're right not to loose hope.

If bitcoin explodes in adoption - which I remain convinced it will do - then all the alts will benefit and the higher marketcap ones the most.

One or both of two things will cause that to happen:

[1] - a major new market to break open that uses crypto (payments from mobiles directly to recipients without passing through a bank) which will 'lead the way'

[2] - a "catastrophic and catalysing event" in the fiat financial sector  

Then BTC also had a fundamental problem in 2012 when it was also making 50 coins every 10 minutes.

I'm not saying that LTC was not overvalued, i'm just saying that this is the correction and that if people want it and see its value they will buy it. The same argument can be applied to any alt- "are you willing to spend X amount a year to ensure that the price stays X"- the market responds as it does. To get the DRK price to $4 you would need to invest more money into the DRK ecosystem a year than it is currently, so why is that fundamental notion a benefit to DRK yet a disadvantage to LTC?

Thanks Tok. I always appreciate your posts, even the ones that show LTC at its worst and cause me to have a self-deprecating grin on my face. In some regards I wish I only got into Crypto now, since I could have bought an MN, had a lot more LTC & VIA and some BTC, but like a stary-eyed nooblet I got in when the market was overvalued. I cannot invest anymore since I should just wait it out and see what happens the next few months. I still think that LTC has more room to grow and develop; it still has a strong hashrate and it has gained wider merchant adoption and accesibility than this time last year- case in point, the only way I could buy LTC at the beginning of last year was to buy BTC and trade into-now there is an Exchange here that accepts FIAT for LTC.

 I am cognisant of the that if LTC does not improve in price and adoption it cannot succeed.  I am also aware that as much as other alts have been created which have some unique features and selling points that I like (and which shows through my varied collection of the coins I have) I am of the opinion that there is a lot of animosity directed at LTC that is not the fault of LTC, but of heightened expectations and the supposed ASIC boom driving a price increase. I examine it like this: BTC started to get popular in early 2013 and it was around the same time that big money was circulating, buying ASICS were starting to come online and secure the network- the ecosystem of BTC was growing, there was a price spike and money was being put into infrastructure- the correlation was that all this money being put into BTC was clearly having a positive effect on its price. Money poured into BTC, money was made, people were happy.

One cannot argue that 2013 was a massive boom year for BTC, one that coincided with the release of ASICS. By contrast LTC got popular and had massive amounts of money pour into it, and the expectation was that through mining one could envision a massive boom like BTC the year before-yet the only difference is expectation fell on a market that was clearly in the clutches of a inevitable market bear cycle, and so the sentiment has soured somewhat. So when people say that LTC has failed or that it is overvalued, everything was overvalued a few months ago and most definitely a year ago- bulls had achieved what they wanted to, and morphed into the bear we've seen this year.

So I still feel LTC was just caught up in a classic cycle of the market, whereas BTC had money and mining infrastructure develop in a Bull year, LTC has had it in a Bear year, so the losses and sentiment is compounded. This is my feeling, so this is why I think that the value of LTC will "right" itself- it's hit the bottom I feel and can now recover. If it does not, then clearly my observations were wrong and I accept that. I just think that even after all this time, all the decimation this bear cycle has wrought, it is still has the second highest market cap and is the second most traded crypto in the world.

Yep. According to FL almost 1000 BTC per minute!

Your not kidding !

And it's causing a worldwide shockwave. Sellwals getting munched on BTCe as quickly as they appear.

I'm watching fiatleak right now and in 90 seconds nearly 1000BTC has been bought. It's happening !! Crypto is alive !!

http://www.fiatleak.com

Nearly 2000 BTC now....f*ck !!!! (xscuse my french)

LTC has a "fundamentals" problem. No one needs to badmouth it or hate it so that it can self-destroy itself.

I said, back when LTC cost 10$ per coin, that 28800 coins per day X 10$ = 288.000 USD per day = 105mn USD per year required just to buy annual production.

You sit there and ask yourself: Are there people who are willing to buy >100mn USD worth of Litecoins over a year just to keep its price steady? If the answer is no, then you better buy something else. It's really that simple.

Right now I see panic buying from China?

Great post Pansyfaust.

I agree - the shakeout is going to really change things. I now think it's going to be very healthy in the long run, especially if this is the bottom and we don't go to sub 100 valuations for BTC. The mere fact that Bitcoin didn't die will raise a lot of eyebrows.

Re. your remarks on LTC, "hate" is often in the eye of the beholder as is love. I myself have made posts on LTC's demise which have bordered on sarcasm at times, but I wouldn't call it 'hate'. On the other hand, for someone who's holding it can feel like that if you have assets at stake and are willing it to succeed.

I was in LTC and got out months ago simply because I couldn't see any future in it. It was caught in the crack between insufficient adoption and insufficient fundamentals to compete with other alts. There was simply no reason for it to have the marketcap it did any longer and so was judged to be overvalued.

UPDATE:

Possibly the telling indicator for a BTC bottom is when the 4-hour chart momentum completes its cycle. i.e. it needs to go positive, then negative again and during that part of the cycle not break a new low. If that happens I'll be more confident that we've plumbed the base of the crash but it looks like taking about 3-7 days for that cycle to work itself through.

I think the panic buying and selling is over, pretty sure we'll see a stable rise to $250 in the next week. Just one thing-I'm so glad that a few months ago I put my BTC into DRK since even though DRK has fallen from highs of 0.08 and 0.07, it has remained stable at 0.06 throughout this panic period. Whoever this bearwhale was they could not have chosen a more psychologically sensitive point to initiate the final dump to shake out those who bought high last year and saw this as a possible relief period. I think it literally broke their hands, let alone shook them. This and the fact that many parts of the world are returning from holidays and might be hopeful of a new year and new highs. I just feel that this barrier needed to get broken (for the wider uninformed newbies like myself), and that we have passed through the capitulation phase and are riding out of despair. I have definitely come out of this period a more humbled individual.

As another example I put my money into LTC just before it jumped off a cliff at $2.70, and have watched not only its dollar worth crumble, its BTC ratio also melted away. If I had put the same amount into DRK at the time I would be a lot better off now, possibly even giving mangled some DRK for share in an MN.

Now I know people will probably decimate me for even considering LTC, but I do not get the hate. I get the criticisms, I really do, but outright hate is still something I cannot wrap my head around- I hold multiple coins- VIA, BTC, LTC, and a fair amount of DRK. The reason is because I see them all having a future in an internet arena which already caters to many different people and ideas on the internet.