Just a quick note On "Gotta have those Fundamentals"...
DRK on RC2 release: climb to 0.0277
DRK on RC4 release: nosedive to 0.004815
It has to be said that that really is some indictment on what has been the single most consistent theme of this entire thread - that the price will go to the "moon" and become unaffordable once the various release candidates are out.
I'm quite heavily invested in DRK - not as much as Bitcoin cos it would be against my principles to be (a now thoughroughly vindicated principle btw) - but my biggest single alt investment at 2 and a bit masternodes worth. I wrote that investment off long ago because I know that markets can take a different view of a product from my own, but geeeeeezzzz, the last couple of months must have been one big choking on humble pie learning process for some I imagine.
There are lots of things to be excited about with this project but one of them definitely isn't the price any more. I'm not saying that it couldn't one day take off again. DRK's approach to anonymity is largely unique and is becoming more mature with the passing of every week. At the same time, it could all turn out to be no more than an interesting experiment with no long term commercial impact. (I still lean towards the latter of those two in my own appraisal of the situation).
We are now at 17% of the late May price. Less than a fifth of the value at that time.
You can't blame this on "market manipulation", whales dumping or any other nonsense. Prices change because there is more supply than demand - end of story. A large seller "checking out" only affects the price if there's insufficient demand.
I'm not surprised by this state of affairs because I was there in the MAZA, CINNI, JACKPOT, BLACK, YOUNAMEIT threads when people were saying "wait 6 months and...". The pattern was always the same. Luckily I made money on all of those by not swallowing the propaganda.
The difference here is that this is the only coin I've stayed invested in because I actually do think it has a future (technically at least if not as an investment vehicle).
All I can say is that it's been as interesting a socio-economic experiment as it has a technical one. I hope others will stay invested but with more realistic expectations (not much choice really, eh !!). The thread will return to it's pre-pump industrious character and we can continue to enjoy this project's long term technical evolution while maybe getting excited about the odd bump in market cap.
DRK on RC2 release: climb to 0.0277
DRK on RC4 release: nosedive to 0.004815
It has to be said that that really is some indictment on what has been the single most consistent theme of this entire thread - that the price will go to the "moon" and become unaffordable once the various release candidates are out.
I'm quite heavily invested in DRK - not as much as Bitcoin cos it would be against my principles to be (a now thoughroughly vindicated principle btw) - but my biggest single alt investment at 2 and a bit masternodes worth. I wrote that investment off long ago because I know that markets can take a different view of a product from my own, but geeeeeezzzz, the last couple of months must have been one big choking on humble pie learning process for some I imagine.
There are lots of things to be excited about with this project but one of them definitely isn't the price any more. I'm not saying that it couldn't one day take off again. DRK's approach to anonymity is largely unique and is becoming more mature with the passing of every week. At the same time, it could all turn out to be no more than an interesting experiment with no long term commercial impact. (I still lean towards the latter of those two in my own appraisal of the situation).
We are now at 17% of the late May price. Less than a fifth of the value at that time.
You can't blame this on "market manipulation", whales dumping or any other nonsense. Prices change because there is more supply than demand - end of story. A large seller "checking out" only affects the price if there's insufficient demand.
I'm not surprised by this state of affairs because I was there in the MAZA, CINNI, JACKPOT, BLACK, YOUNAMEIT threads when people were saying "wait 6 months and...". The pattern was always the same. Luckily I made money on all of those by not swallowing the propaganda.
The difference here is that this is the only coin I've stayed invested in because I actually do think it has a future (technically at least if not as an investment vehicle).
All I can say is that it's been as interesting a socio-economic experiment as it has a technical one. I hope others will stay invested but with more realistic expectations (not much choice really, eh !!). The thread will return to it's pre-pump industrious character and we can continue to enjoy this project's long term technical evolution while maybe getting excited about the odd bump in market cap.
This is the most objective and accurate post I have read in this thread for a very long time.
Put your thick skin on because you're likely to get chewed on for stating facts.
I agree with pretty much everything that's been said here. However DRK will lose the chunk of the user base that is mainly interested in price speculation. And there's two sides to that coin, first - DRK will lose on transactions volume and market cap; and second - the DRK community will become more refined which is great.
