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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5916. (Read 9723858 times)

full member
Activity: 322
Merit: 105
That would make me choose DRK over BTC!

Folks, remember when your comparing prices, you've got to take account of the coin supply.

DRK's current coin supply is on third of Bitcoin's and a fifth of Litecoin's.

That means if you value DRK at, say, half Litecoin's price then the supply corrected target price would be (LTC x 5) / 2 = 0.06 BTC.

I'm not saying that half LTC's price is the right or wrong valuation, that's for people to decide themselves. I'm just saying you need to take account of coin supply when calculating it.

Another thing that's going reduce DRK's coin supply is the amount of DRK that's removed from it to support masternodes. That will further drive the price because that part of the supply will never reach any markets.


Evan should down the 1000 darks that are necessary to create a masternode to 500 at least cause when the network reach the 100.000 masternodes, the 50% of the coins will be out of markets.

The total number of masternodes is hard limited to 10,000, I believe.  Evan talked about this at some point in this thread - too many MNs would actually do more harm to the network than good.
sr. member
Activity: 462
Merit: 250
Been analyzing the Masternode:DRK/BTC Price ratio and I have some very rough conclusions...

-Since the masternode chart (http://drk.poolhash.org/darksend.html) started tracking total master nodes on April 13, each single added master node has seen close to a 7000-8000 satoshi rise in the DRK/BTC Price.

-On April 25-27, the ratio rose to, and stayed at about, 10,000 satoshi per masternode at which point price corrected over the next week back to about a 7,000 satoshi per masternode ratio.

-2 days ago on May 13 though, the masternodes started shooting up without price following it dramatically and so each masternode was only worth around 3,500 satoshi.

-Right now we have 192 masternodes and price is at 1361900, which equates to slightly over 7,000 satoshi per masternode. In other words we are fairly priced based on this short masternode and price history.

I'll continue tracking this ratio to see how well it persists and I'm still coming up with a theory for where this relationship, if it truly exists, will go.
It could be that the ratio starts to weaken so that each masternode slowly has a smaller and smaller effect on price...however since the masternodes are essentially taking DRK out of circulation the DRK price could also increase dramatically and parabolically.

We'll see.

JL
hero member
Activity: 546
Merit: 500
01100100 01100001 01110011 01101000




Sad I failed myself


Suicide watch. srs



not srs



srs?


I set up a friend to mine Darkcoin at the beginning of february on amazon ec2, his target was 0.01, I told him move the target you're gonna get crushed in a few days. He's still very happy but we shot way past 0.01. He turned $100 to close to over $2500 though, good on him. Anyways don't kill yourself. Buy back for part of your BTC and don't touch it again for a month.

The problem right now is that i want to day trade hardcore until i get my darks back to where it was and i know that will fk me even harder. Too much wtf and too many shots right now feeling good but in think in 15min ill be quite dizzy.

Is this going up or down... thats the question

Like a gambler you want to recoup your losses by playing more. That's not a good strategy, you may lose more instead.
legendary
Activity: 1008
Merit: 1000
The problem right now is that i want to day trade hardcore until i get my darks back to where it was and i know that will fk me even harder. Too much wtf and too many shots right now feeling good but in think in 15min ill be quite dizzy.

Is this going up or down... thats the question

If you think a coin will do well long-term, then you need to lock down a portion of your coins and not touch them. It sounds like you really want to day trade as well, so figure out how much you're going to day trade with, and stick to that limit. If you can't maintain the discipline to stick to your self-imposed limits for day trading, you probably shouldn't be in the game.
Youre right i need to get my shit on lockdown if im gonna be attacking this much cash. I just had so much success with every other coin im confused when it comes to this one lol. Yet succeeded but i always am for the top and the top for Darkcoin is the sky. Sky is the limit which makes it all very difficult
sr. member
Activity: 406
Merit: 250




Sad I failed myself


Suicide watch. srs



not srs



srs?


I set up a friend to mine Darkcoin at the beginning of february on amazon ec2, his target was 0.01, I told him move the target you're gonna get crushed in a few days. He's still very happy but we shot way past 0.01. He turned $100 to close to over $2500 though, good on him. Anyways don't kill yourself. Buy back for part of your BTC and don't touch it again for a month.

The problem right now is that i want to day trade hardcore until i get my darks back to where it was and i know that will fk me even harder. Too much wtf and too many shots right now feeling good but in think in 15min ill be quite dizzy.

Is this going up or down... thats the question

I feel your pain, i lost 100 drk on the way up.
sr. member
Activity: 1204
Merit: 272
1xbit.com
I wonder if Darkcoin has made its first millionaire yet.
sr. member
Activity: 1204
Merit: 272
1xbit.com
The problem right now is that i want to day trade hardcore until i get my darks back to where it was and i know that will fk me even harder. Too much wtf and too many shots right now feeling good but in think in 15min ill be quite dizzy.

Is this going up or down... thats the question

If you think a coin will do well long-term, then you need to lock down a portion of your coins and not touch them. It sounds like you really want to day trade as well, so figure out how much you're going to day trade with, and stick to that limit. If you can't maintain the discipline to stick to your self-imposed limits for day trading, you probably shouldn't be in the game.
hero member
Activity: 546
Merit: 500
01100100 01100001 01110011 01101000
member
Activity: 82
Merit: 10
To be honest, it was much more fun to hold these coins when I knew "they will double or even triple in price very soon" (yeah, it was a pessimistic underestimation) than holding them (the same pack) now after they jumped ten times higher crazy fast. Now I have this "a massive dump is imminent" feeling. A simple halving (which is very possible from a total dump and a follow up panic) would result in more loss than the gain from the initial doubling (which I expected and welcomed).
I know it's silly but that's how my psyche works anyway. I feel stupid for not selling and trying to buy back tomorrow (a lot cheaper) even though I know it's extremely risky in this craziness. Grin

I voted for 2-3 dollar until end of may!
legendary
Activity: 1092
Merit: 1000
Dude, you guys have been here for a long time, you should know how valuable and revolutionary the project is.  Just buy back in and hold! It may go down or up short term, who cares? Why would you sell before the masternode payment hard fork? i2P? ring signatures? I honestly feel so positive long term that I wouldn't sell tomorrow either at 200 USD or 10 cents.
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
To be honest, it was much more fun to hold these coins when I knew "they will double or even triple in price very soon" (yeah, it was a pessimistic underestimation) than holding them (the same pack) now after they jumped ten times higher crazy fast. Now I have this "a massive dump is imminent" feeling. A simple halving (which is very possible from a total dump and a follow up panic) would result in more loss than the gain from the initial doubling (which I expected and welcomed).
I know it's silly but that's how my psyche works anyway. I feel stupid for not selling and trying to buy back tomorrow (a lot cheaper) even though I know it's extremely risky in this craziness. Grin

 Point them on masternodes is more clever move Wink
hero member
Activity: 588
Merit: 500
To be honest, it was much more fun to hold these coins when I knew "they will double or even triple in price very soon" (yeah, it was a pessimistic underestimation) than holding them (the same pack) now after they jumped ten times higher crazy fast. Now I have this "a massive dump is imminent" feeling. A simple halving (which is very possible from a total dump and a follow up panic) would result in more loss than the gain from the initial doubling (which I expected and welcomed).
I know it's silly but that's how my psyche works anyway. I feel stupid for not selling and trying to buy back tomorrow (a lot cheaper) even though I know it's extremely risky in this craziness. Grin
legendary
Activity: 1008
Merit: 1000




Sad I failed myself


Suicide watch. srs



not srs



srs?


I set up a friend to mine Darkcoin at the beginning of february on amazon ec2, his target was 0.01, I told him move the target you're gonna get crushed in a few days. He's still very happy but we shot way past 0.01. He turned $100 to close to over $2500 though, good on him. Anyways don't kill yourself. Buy back for part of your BTC and don't touch it again for a month.

The problem right now is that i want to day trade hardcore until i get my darks back to where it was and i know that will fk me even harder. Too much wtf and too many shots right now feeling good but in think in 15min ill be quite dizzy.

Is this going up or down... thats the question
hero member
Activity: 532
Merit: 500




Sad I failed myself


Suicide watch. srs



not srs



srs?


I set up a friend to mine Darkcoin at the beginning of february on amazon ec2, his target was 0.01, I told him move the target you're gonna get crushed in a few days. He's still very happy but we shot way past 0.01. He turned $100 to close to over $2500 though, good on him. Anyways don't kill yourself. Buy back for part of your BTC and don't touch it again for a month.
newbie
Activity: 31
Merit: 0
legendary
Activity: 1008
Merit: 1000
legendary
Activity: 1008
Merit: 1000
sr. member
Activity: 406
Merit: 250
ok...time to delete Ac2...no save him for future bitch uses...
what can I say? I just reaeeeeally enjoyed being a cu$t for a while:-)
yes your instamine was a veeeeery big oops, but I do kinda like this community. espcially tante, every coin should have a mum :-) so...no more trolling for now....
I'm not sorry though...as bad form as it was, it was actually the most fun I've had in ages.
and it did remind you that you do have competitors lurking....
...ring signitures...stay ahead of the curve...
bye for now xo
Cya! And remember to learn from your mistakes, so you get wise and get a real' nice beard etc. Smiley
hero member
Activity: 658
Merit: 500
ok...time to delete Ac2...no save him for future bitch uses...
what can I say? I just reaeeeeally enjoyed being a cu$t for a while:-)
yes your instamine was a veeeeery big oops, but I do kinda like this community. espcially tante, every coin should have a mum :-) so...no more trolling for now....
I'm not sorry though...as bad form as it was, it was actually the most fun I've had in ages.
and it did remind you that you do have competitors lurking....
...ring signitures...stay ahead of the curve...
bye for now xo


ac2
newbie
Activity: 50
Merit: 0
ok...time to delete Ac2...no save him for future bitch uses...
what can I say? I just reaeeeeally enjoyed being a cu$t for a while:-)
yes your instamine was a veeeeery big oops, but I do kinda like this community. espcially tante, every coin should have a mum :-) so...no more trolling for now....
I'm not sorry though...as bad form as it was, it was actually the most fun I've had in ages.
and it did remind you that you do have competitors lurking....
...ring signitures...stay ahead of the curve...
bye for now xo
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