Total: 29038.84018872 DASH sell orders
Total: 778.80196429 BTC buy orders=43163.21360957 DASH
BUY orders allways double on thıs coın but the prıze goes down how and why ?
Easy, margin trading + market manipulation.
All the big coins have margin trading + manipulation. Not all of them have been crashing lately.
But Masternodes are supposed to soak up excess Dash supply.
How can the price be going down when the number of Masternodes is at an all time high?
Are more coins from the instamine being dumped?
No other reason makes sense.
The dynamics of the Dash reserve market are certainly very interesting. I agree it must be true that Masternodes do soak up Dash supply but does that lead to conclusion that instamined coins are being dumped? I'd say probably no. But if it is true then its a good thing though no? Maybe just as entropy seeks to increase in the universe, coins will eventually disperse to spread out and be less centralised. If you spray perfume in the corner of a room, then through time it disperses throughout the whole room, it doesn't stay in the corner. Instamined coins being sold means less centralisation of ownership which would be good once markets have absorbed the selling, if you agree that decentralisation is better. I think Dash coins have been available cheap in market place and in enough quantities since the instamine that this has already happened to an extent.
Another factor is the Dash budgeting, work to enhance Dash is budgeted and paid in Dash, however I imagine most costs will actually be paid in fiat. This will mean a sell pressure. But longer term effect should be good because Dash is being enhanced by the work being carried out.
Another factor is that a lot of liquidity locked up in maternodes means less liquidity bought and sold by speculation on marketplace. I'm guessing here but perhaps this means that less coins moving can drive the price further up and down, albeit on lower volumes.
One thing is for sure Dash is quite unique and isn't going away
