Topic: DASH pumped, anyone made some money? - page 3. (Read 3077 times)

The problem with the DASH price is that the actual amount of coins in circulation is much, much lower than the whole amount of DASH mined, because a whole lot of them are locked up in masternodes.  I know that they are not *hard* locked up, but the few people owning the masternodes have some incentive to keep them locked up, as they earn half of the mining through PoS.

But to really know this, one would need to have a dash-days burned plot, and I can't find any.  That would indicate if it are mostly a small amount of DASH that are traded over and over, or if there is a long-lasting population of dash participating in the actual market.

In other words, chances are that this is the market price of a small sub-market cap of DASH.  Or still in other words: suppose that someone paid you, say, 5% of the DASH market cap.  Would you be able to cash this quantity out in a reasonable amount of time (say, one month) without crashing the market ? 

With bitcoin, if someone paid me 5% of the market cap of bitcoin, I think I could cash this out over a few weeks without crashing entirely the bitcoin price, because bitcoin has about 10 million bitcoin-days burned per day.  In other words, a significant part of the entire amount of bitcoins changes hands.

But I can't find a similar plot for DASH.

So what happened with all the accusations of the premining stuff, and also all the potentially exploitable weaknesses given the masternode model, which would be easy for authorities to neutralize?

I remember having some darkcoins, and since then I didnt pay attention to this project.

How does this scale compared to bitcoin?

This isn't a pump and dump scheme like with Monero, which is now going into its more bloody dump period .. no this is the market dramatically re-evaluating Dash.

Key factors at play here :

v.0.12.1 was implemented without any problems and it introduced Sentinal, a powerfull piece of software that run beside Dash's blockchain and allows Dash to make future upgrades
far more easy and fork-free.

Dash Evolution (a major upgrade further down the road) will have further scalabilty solutions and its release schedule has been bumped forward recentely, when it was announced that the alpha version
can now be exspected somewhere midyear 2017, this was made possible through additional funding that has expedited the development of Dash Evolution by attracting and hiring more developers.

Dash also made some powerfull partnerships lately and through its decentralized budget funding managed to have its cryptocurrency added to a major new exchange with FIAT pairs.
(exspect an announcement about that in a few months).

To answer the OP : no i have not made any money as i'm not spending any Dash, i save them so i can start a (new) masternode which will provide me with a steady stream of masternode payments
(on annual basis something like 10%).

link : https://dash-news.de/dashtv/#value=1000
link : http://178.254.23.111/~pub/masternode_count.png

This is very nice surprise but this was for expecting. Monero will join this race soon. Other coins could face with troubles, ETH could be one of them. I think it is not too late to join Dash ride, this will go to 0.05. Slowly but surely those coins rising and having their historical high.

how is dash surpassing btc when 1 dash is only 0.025 btc? this is the real value to dash related to btc, not the one pointed in $, dash currently is 40 time less expensive than bitcoin, a long way to go to beat bitcoin and i think dash is pumped because it's a big coin with asic around it pretty much like litecoin

Yeah I was going to share this too. How come a coin goes on pumping while others are being dumped because of BTC rally.

Is Dash so good that it can surpass BTC ?

Come on do your own thinking about it, for me it is clear manipulation

It's overhyped marketing.  Plenty of manipulation.

https://steemit.com/cryptocurrency/@thedashguy/warning-why-i-don-t-trust-the-price-of-dash-nor-the-community-be-careful-folks-invest-wisely-diversify

I have no idea why this coin pumped, specially while BTC is going to the moon too. Looks like DASH was the winner pick after all. Must have been cool for the people that bought before the pump, but who would have know when to buy? it could have keep stagnating.