I think i will setup a masternode and just forget it,sell the rest i have @ my buy in point price,and never buy more.
My logic says when there are new Gpu's on the market with 20nm technology from AMD and Nvidia we might see a improvement in mining and more coins on the market(if there are FPGA miners or Asics i dont know).But without the miners willing to mine Darkcoin this coin is dead,the price must go up for them for them to make any money,thats why most of them are mining anyway to make money.Here lies the difficult point,if Darkcoin rises to $10 or more it will take a lot of money to buy the masternode's we need for the network,we might never reach the amount of masternode's with that price. Undecided
I think you've all got the wrong end of the stick.
People have become obsessed with the DRK/BTC ratio when in fact it's Bitcoin value against the dollar that's going to make or break this entire industry. What's the point of DRK going to 4 times its DRK/BTC ratio if Bitcoin's USD marketcap collapses to a quarter ?
We are not independent of Bitcoin. Dark IS Bitcoin - just another flavour of it and without BTC, we ain't goin nowhere.
At the start of this year I'd have had a much more open mind about this. It wasn't at all clear if Bitcoin was going to survive the barrage of competition it was starting to face from Alts. Litecoin was expected by many to go to a quarter to a third of Bitcoin's price (parity in marketcap terms). Alt coins (including DRK) were seen as competing currencies, not complimentary.
As it happened, things turned out a whole lot differently and even I was amazed.
Despite all kinds of advanced tech and every type of alternative thought out monetary policy being thrown at it, no coin even made a dent in Bitcoin's marketcap. I suspect we've now reached game over stage in terms of looking for a competitor. Bitcoin is too far down the line in terms of infrastructure, retail adoption, legislative support financial services support and other "network effect" aspects.
We need to now see ourselves as complimentary rather then competitive and ride the Bitcoin wave. Bitcoin's marketcap is our marketcap - according to the DRK / BTC ratio. Right now 0.005 may not seem much, but if Bitcoin hits even $10.000 (which it must do to satisfy projected liquidity requirements if it's going anywhere other than history) then a 0.005 BTC ratio for a 5 million coin supply corresponds to a dollar cap of a cool half a billion. ($500,000,000).
Put another way, a single masternode holding would be worth around $55,000. In that case, a DRK / BTC ratio change of a mere 0.0001 (say from 0.005 to 0.0051) would amount to a thousand dollar gain.
We've got to stop naval gazing and see the big picture: either Bitcoin's going somewhere or it isn't. If you decide it isn't then fair enough - but don't think any other alt is either. If you decide that it is then hang onto your DRK for dear life cos the ride's going to get wild once we hit the next big wave.
Very impressive post. I agree 100%.
