Topic: Dash on the rise again - page 2. (Read 1948 times)
Wow, so many people posting about a subject they clearly know nothing about
Yeah WOW holy crap ! i see $67.36 now 
And i said the ETF thing might get rejected earlier too so i am not too surpised.
EDIT:
@mindrust
You are thinking of Ripple.
They did that not long ago unleashing 333 million coins on the market silently with no explanation.
Which just so happened to be enough to bump them up the coinmarketcap rankings
And i said the ETF thing might get rejected earlier too so i am not too surpised.
EDIT:
@mindrust
You are thinking of Ripple.
They did that not long ago unleashing 333 million coins on the market silently with no explanation.
Which just so happened to be enough to bump them up the coinmarketcap rankings
From what I can tell the creator holds like 45% of the coin!(?)
How is that possible? Is it true? I don't think anyone would be interested in a coin in which the creator held half. How could it be used as a legitimate currency?
We use dollars 90% of which are owned by a small group of people...
That was not due to initial distribution, it was the combined result of a capitalistic system, large disparities in skill/education, economic incentives to the wealthy, and centuries of time.
Quote
They are simply printing money out of thin air.
The supply of cryptocurrencies like BTC and ethereum are tightly controlled, and cannot be changed unless 51% of miners agree. Does dash work differently?
Tbh, I don't know if that's the case with bitcoin and eth, but (Eth is most likely, since its an altcoin) i have read that dash devs hold many premined dash in their hands. That must be a handy thing for market manipulations.
Well as of right this second, 62% of all DASH trading is happening on Poloniex, in the DASH/BTC pair. I think this means that the price appreciation is almost all speculation and not based on usage of the coin in commerce. Note that Poloniex trades are not taxable events (due to IRS section 1031 "like-kind" transfers). The cost basis is transferred over and you only pay tax when you convert to fiat or exchange the cryptocurrency for goods and services (*). So moving between cryptos is likely very popular.
(*) I'm not an accountant or tax expert, do your own research.
(*) I'm not an accountant or tax expert, do your own research.
From what I can tell the creator holds like 45% of the coin!(?)
How is that possible? Is it true? I don't think anyone would be interested in a coin in which the creator held half. How could it be used as a legitimate currency?
We use dollars 90% of which are owned by a small group of people...
That was not due to initial distribution, it was the combined result of a capitalistic system, large disparities in skill/education, economic incentives to the wealthy, and centuries of time.
Quote
They are simply printing money out of thin air.
The supply of cryptocurrencies like BTC and ethereum are tightly controlled, and cannot be changed unless 51% of miners agree. Does dash work differently?
They are simply printing money out of thin air. Just like Ethereum did. The other dude above explained it very well. They are manipulating the markets like a pro. They hold so many dash so they can cash out from the pump which they created, and pump again without a harm. Brilliant. 
From what I can tell the creator holds like 45% of the coin!(?)
How is that possible? Is it true? I don't think anyone would be interested in a coin in which the creator held half. How could it be used as a legitimate currency?
We use dollars 90% of which are owned by a small group of people...
From what I can tell the creator holds like 45% of the coin!(?)
How is that possible? Is it true? I don't think anyone would be interested in a coin in which the creator held half. How could it be used as a legitimate currency?
I'm selling some at $88. Because at that point, all my debts and bills are paid and I can start over.
Dash has this really great talent of rising in price when people least exspect it....
It's almost like it's unpredictable.
Almost all Alts are green right now including DASH because bitcoin ETF got declined.
Green?!? Dash is up 33% in like one day. That's nuts.
Almost all Alts are green right now including DASH because bitcoin ETF got declined. I think some whales are trying to dump their big bags of DASH soon on the market which will surely cause a big dump on the price. Better not to buy any DASH at this peak price.
Dash has this really great talent of rising in price when people least exspect it....
i smell a dump is coming soon enough
If they are doing what I think they're doing the dump may not be large, as that would spook the market. This is the advantage of holding such a huge stake. You can cash out a bit at a time without really killing the market. Meanwhile you get all the free publicity of the price rise and position, I mean Dash is now 3rd under Bitcoin and Ether. That's crazy.
Don't worry it currently doesn't have so much market cap so many huge investors are taking advantage of that point and they are using it as a part time just wait for some time you will soon see the price coming back to normal.
i think some have sold their btc because of the failed EFT and bought dash instead of buying cheap bitcoin, now they are pumping it again to make good profit, but i can't think it will go any higher i smell a dump is coming soon enough
67$ per dash as of now.. Really regret selling mine at 32$.. Could have doubled my money. And who knows how high it will go before drpping on its face.
Still I see 0 reasons why Dash is pumping so freaking hard (other than good marketing)
I've been trying to figure out the rise too, so I started reading these threads. From what I can tell the creator holds like 45% of the coin!(?) If that's true then it's easy to make the price rise, especially with a dedicated marketing budget. All you do is don't sell and when the price starts going up others jump onboard to catch the ride, but you don't sell and the price goes up again, and more people see it going up so they jump on too! It's a strong upward cycle, but it doesn't last if the large coin holders actually start trying to cash out.
Are you kidding me? who the hell is pumping this thing again? Is Roger Vermin still pumping it? Crazy times for this coin. I thought it was over, but it keeps hitting all time highs. I suspect node runners are going to start dumping slowly to test the market, but they will get nervous quick if it keeps growing, then we are going to see some serious shit.
Still I see 0 reasons why Dash is pumping so freaking hard (other than good marketing)
Still I see 0 reasons why Dash is pumping so freaking hard (other than good marketing)
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