Topic: [DASH] Dash Price and Trade Discussion Thread - page 21. (Read 49080 times)

Cool, a new ATH of active masternodes : 3381 (thats 3,381,000 Dash kept as collateral for running a masternode)
Hopefully with this low Dash price the masternode numbers keep increasing, making the Dash network stronger and stronger.
End 2016 it should be on par with Bitcoin...

So what are the upcoming events and how could they effect the price ?

- Dash promotion with the Mexico Bitcoin conference - 4/5 Dec, 2015
- Dash second birthyear - 18 Jan, 2016
- Dash Evolution Demonstration during Miami USA Bitcoin conference - 21/22 Jan, 2016
- Yearly 7% cut in block rewards - Feb 2016

a lot happening in a short period of time...

Who mentioned "50%?"

Total bids are only sufficient for 10 nodes to be liquidated for more than a pittance.

3 masternodes worth of D ASH are available for shorting.

7/3500 = 0.002

0.2% of masternodes can be liquidated at a price >0.1 BTC.

Why would anyone want to buy a masternode, when they are basically a 'Black Flag roach motel' (coins go in, but don't come out) for your BTC?

  DASH 

Show me an asset where 50%+ of it can be dumped without wiping out the bids.

Try dumping 7 million BTC. Or 5 million Moneros.

What if 3 Monero holders dump, the remaining 7 won't get a satoshi for their coins. Hurry, dunp Mongeros!

Where is this alleged firm support?

I do not see it.

Only 48 BTC in bids on Polo.

If someone (wisely) decides to be the first to panic and sells 10 Masternodes (10,000 coins), the price quickly goes below 0.0001.

  DASH

If dash price drop more, buying power will increase.
The point is not cryptsy withdrawal problem.
From 0.0060 to  0.0070 btc ,  dash price is supported firmly.

Dash wallet on cryptsy got fixed and people at Cryptsy are buying dash to withdrawal in order to circumvent problematic BTC withdrawals, and dumping at polo..

Weird the diference in price between cryptsy and ploniex, 0.0067 vs 0.0071 right now...
And better buy support on cryptsy.

Purely looking at this from a daytrader perspective and knowing the upcoming events that are important for Dash :

* Two major Bitcoin conferences where Dash will be represented for the first time (one in Mexico in a few weeks and one in Miami USA in Januari 2016)
* Demonstration of Dash Evoluton
* Februari 2016 : 7% less block rewards (part of Dash's yearly 7% cut on block rewards)

There can still be some nice profit to be made for daytraders....

Looking at this from a longterm investor view :

Active number of masternodes keep rising and rising  (currently new ATH of 3373 active masternodes) which means that an increasingly large number of Dash will be
out of reach for daytraders (3373 x 1000 Dash = 3,373,000 Dash kept as collateral for running a masternode). Keep in mind the yearly 7% cut in block rewards and in a
few years the picture could be very very different (scarcety of coins drives price up). Of course having a higher Bitcoin price could tempt masternode holders to move their
1000 Dash collateral to exchanges and sell them there... we saw that happen with the recent Bitcoin rise.

When that happens and the number of active masternodes actually starts dropping, the masternode rewards will get higher (its based on number of active masternodes and mining difficulty,
low number of masternodes & low mining difficulty gives higher masternode (50%) / miner (50%) payouts, which will then make it rewarding to setup more masternodes (or mine more)
Market supply and demand in action / Economics 101

Interesting times ahead..



  

Dash trade on weekly base seems not very safe from profit view, may be in future will be better market position for buy/sell 

Some nice buys on Cryptsy made the price rise to 0.0083 there today : https://bitcoinwisdom.com/markets/cryptsy/drkbtc
(see my signature if that chart doesn't load correctly on the bitcoinwisdom site)



Cryptsy seems to gain more Dash volume again : https://www.cryptocompare.com/coins/dash/analysis/BTC



Poloniex : 55.2%
Cryptsy  : 33.7%
BitTrex  : 11.1%

You can use use Polinex (most popular):

https://poloniex.com/exchange#btc_dash

Or Bittrex: https://bittrex.com

I would not recommend Cryptsy now (lots of withdrawals issues related to cryptsy):  https://www.cryptsy.com

Which website do you trade DASH on?
Looking to get into DASH

Nice buy at cryptsy : https://bitcoinwisdom.com/markets/cryptsy/drkbtc

Putting the Dash Poloniex chart on longterm there appears to be a trend-reversal forming : https://cryptowat.ch/poloniex/dashbtc/1week
Lets see if that trend-reversal continues..

Dash briefly tipped the 0.008 before falling back to 0.0075 again :



Poloniex Market Depth still showing strong buy-support :


 

And the rise continues : https://cryptowat.ch/poloniex/dashbtc/4hr



On Poloniex : highest price over last 24 hours : 0.0076
On Cryptsy :  highest price over last 24 hours : 0.0077

this is more like inverted head and shoulder pattern, and if so then price will return to 0.012 in few month

I found a new Dash Market Depth graph for Poloniex : http://dc-charts.com/depth_dash.php?ex=16&cu=0
(i added this one and also some other Market Depth links that dc-charts added to certain Dash trading exchanges on post 2)

"triple top on up-trend mountain", i like it. In most cases "tripple top mountain" signals a reversal in price from bull to bear, but i think it can also signal
a breakout in price due to an enforcement in bull sentiment.

New graph on Poloniex, including the Aroon which i noticed shows bull and bear trends a bit more clearly.


There is really not much standing in the way of Dash pushing upwards to the 0.0074 and consolidating on that position.

https://cryptowat.ch/poloniex/dashbtc/4hr

 

First time I draw lines on a graph...
But I want to think that what I'm seeing is good I'll call this triple top on up-trend mountain.