Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3860. (Read 9723748 times)

Well at least this shit is interesting so as I lose all my money I am entertained.

Russians?

LOL!!!! this is the sell wall!!!!

Speaking of theories, here is one more explanation to the recent drop. If the Russian ban is true then it is a great news for Darkcoin, especially after IP obfuscation. Our dear comrades can enjoy all the privacy they need while dong their 'businesses' 

https://www.cryptocoinsnews.com/russian-bitcoin-ban-plans-to-fine-digital-currency-users/

My believe is that DRK will first be dropped on the new Mintpal due to all this talk about Miners reward on Darkcointalk.
Next to that Evan was talking about a hardfork again , which sadly if no good for the value.

Everybody is assuming a rational market, with rational players, that value actual costs and ROIs, when in reality there are hundreds of thousands of BTCs hacked and on the loose with zero cost of acquiring them - thus liquidation is not an issue @ $300 or below. It's not like the hackers are selling "below mining cost" or something.

It's not working.

Probably to push the price even more downwards. When met with a huge wall like that market usually tends to go the opposite direction. And when the price is in a desirable level, to buy even more bitcoins. That's called greed.

what's more impressive: that somebody placed such a large sell order, or that somebody has that much BTC in an online exchange?!? Wow to both

On trollbox he's known as the "stamp bearwhale".

Some of them think the whole market decline is down to 1 guy.

If someone has that many bitcoins why would he want that?

yup.

Someone(s) desperately want to keep the price ofbitcoin down 

Jeez. 8.5 million dollars.

WTF 26K BTC wall on stamp .. !!!

4 hour Bitcoin USD chart is starting to converge. If it doesn't go off on another massive plummet from here we might be in for a major rally in a day or 2.

You are speculating, the fact remains that DRK is holding nicely given the market conditions and historically has been more resitant to BTC price drops than other currencies, it shows that it offers additional features that are not tied to BTC.

Actually, if I had thought it all through to the extent you have I probably would have  The problem is, it doesn't work out like that - i.e. as a nice, static, non moving goalposts situation. It's fluid and dynamic with many factors. How I "got here" was this:

I had a general rule to invest a tiny portion of BTC in potential competitors that I thought may one day challenge Bitcoin. The idea was that as long as I got "in there" before they reached parity I'd always have numerically more of the challenger than BTC so I'd be hedged (forget fiat for now - I was only interested in having a "horse" in the cryptocurrency race). So I'd buy stuff like PPC, LTC, XPM and such.

But then 1 day I thought DRK looked interesting and I stuck 1 BTC into it and got 1000 DRK's. (That was well before Evan came up with the masternodes idea - I just decided co-incidently I wanted 1000 coins). That was the most I'd EVER invested in a hedge and was high risk for me at the time cos I only had about 10 BTC back then.

Next thing I know, a few weeks later, my DRK holdings are worth 27 BTC and my hedge has turned into my investment ! After that what happened is that the crash came - I realised some BTC and got out of the market around 2. Then I decided I "missed" being part of the community and following the very interesting technical progress that was going on. So I said f*ck it, bought back in around 13 and decided just to write my investment off - I was now in it for running a masternode and general project participation. Any long term financial returns would be "icing on the cake".

So, you see, there's just a whole lot more factors to it than a simple investment / hedge situation although I take your point and will re-read your posts to see if I can optimised my holdings a bit better now that you've brought this perspective to my attention 

That's probably the reason why price is pumped in Cyptsy right now.

Maybe the multipools that dump DRK relentlessly prefer mintpal. When it finally opens, we should put buy orders at 0.001 max or something to make them dump their one week's worth at a loss.