Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
Indeed the rise of DRK looks impressive.
In coinmarketcap DRK is now # 5....
However it might be just short term though...?
I do not own any DRK, but I should have bought it.
If you think XMR is the ultimate anon coin and you are a DRK bagholder, perhaps it is a good time to diversify now, right?
The rise would be more impressive if Dark-cum-Dash wasn't instamined.
The instamine beneficiaries can use their free coins like the fed prints money, to manipulate markets and pump when desired.
Are you telling me the instamined coins are actually good investment vehicles if you are able to acquire them for low price?
Well sure. First there is the tautology that if you buy something and it goes up it was a good investment. Certainly instamined coins sometimes go up, therefore they can be a good investment.
But beyond that, how everything that has been done with DRK since day one (starting with the instamine that put a huge chunk of supply int he hands of insiders), later the supply cut, then the redirection of supply to masternodes (i.e. existing holders) has been to restrict and control the supply. That is clearly going to have a positive effect on the price, all else being equal.
The downside of this is look at the risk. You are paying a 30 million USD valuation for a coin that still has near-zero adoption. Ultimately, someday, it will have to come down to adoption for any coin or it will go to zero; the crypto speculator game can only run so long. So based on that I see a whole lot more risk. Maybe you can time it right, ride it up and get out for a profit before that day of reckoning comes. If you are betting on widespread adoption then you need roughly 7x the probability of success just to break even relative to XMR. To me that seems thin.
No guarantees here, so place your bets.
I am not a gambler. I prefer not to buy when a coin rises at this speed as DRK does.
For Monero I hope it rises more steadily but ultra-long term.
Monero needs a rising trendline that takes years instead of days/weeks/months - like bitcoin. Bitcoin used to cost 1 usd and less and still it costs 250 usd. That's 250 times gain in dollars - and all this during relatively high emission.
In my opinion, we should not give too much overhead to DRK.. After all, there might be only one altcoin in anon niche that survives.
The noobs do not care if a coin is instamined/premined etc (I guess the majority of people do not even know what these terms mean). It is important only for us - the current crypto community. When there will be masses adopting the cryptos, they will pick up the coin that is a significiant and relevant.
