Bitcoin Forum

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)

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.

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.

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

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.

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.

Dash has this really great talent of rising in price when people least exspect it....

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.

Green?!? Dash is up 33% in like one day. That's nuts.

It's almost like it's unpredictable.  :D

I'm selling some at $88.  Because at that point, all my debts and bills are paid and I can start over.

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...

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. :)

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.


The supply of cryptocurrencies like BTC and ethereum are tightly controlled, and cannot be changed unless 51% of miners agree. Does dash work differently?

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.

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.

Yeah WOW holy crap ! i see $67.36 now  :o

And i said the ETF thing might get rejected earlier too so i am not too surpised.

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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  ::)

Wow, so many people posting about a subject they clearly know nothing about  :D

The founder(s) of the coin seem to clearly hold a large disproportionate amount of the coin. I don't know how large. Nobody can possibly know due to the anonymity of cryptocurrency. This is why it's necessary for a FAIR coin launch to be publicly announced before the start, and to proceed without weird technical glitches, such as Windows mining code, which would be popular, having bugs preventing mining and giving a huge headstart to anyone capitalizing on the bugs with effective miners.

Since anyone can lie or twist reality with half-truths, a fairly launched coin will have zero or very little controversy surrounding it. I think Litecoin is an example of this. Even Bitcoin is accused of some unfair mining advantage by Satoshi. DASH clearly has a lot of controversy around the launch. I've only been reading into it a little while but objectively I tend to think the founder(s) have a huge amount of the coin from the earliest beginning.

Here is the first thread to look at: https://bitcointalk.org/index.php?topic=999886.0


Now there are of course two sides to every story, but even the coin founder seems to agree there was something unfair about the launch:

https://bitcointalk.org/index.php?topic=559932.0

??????? What do you really expect ? 80% of it's volume is in BTC and it's on poloniex. At this moment for sell there are about 20k dash, on poloniex. It's easy to pump because most likely there are no outsider whales to dump. So the only whales are probably the owners who manipulate it at will, because most likely there are only small stakers who hold hoping they'd make a killing.
So yes, it will pump, but only for this sole reason; no big stakers to dump, the only whales in dash are the developers who slowly dump at high prices. They own MOST masternodes because of the instamine 2mil dash, and with a ROI of 10% it only makes sense to slowly dump to not kill the pump and hype. Even the developers themselves hype it which is immoral at best. That's how proffesional they are.
ETH foundation, as a comparison, FUD their own project more than hype ( see vlad's post admitting eth doesn't scale ). Honest dev team on one side, and on the other side, get rich scammy dev team.

To be noted, i am not trying to FUD just to warn. It's extremely risky to invest in this project and most likely would end with a net loss.

Just sold some dash, paying off my credit card with free money.  Woot!!

funny because after you sold it, the price rise up to 73$ that's just bummer. don't mind fudding, it will just be going up for the mere reason of their development. more will still buy to chase the spike. i'm no supporter but found DASH to be cool still. I'm more of ETH though.

Feel sorry for the Bitcoin maxmilist and then when DASH is over 150 it's still scam. Lol

it looks like polo i deciding which coins is going up. after the pump of ETH and monero it is time for dash. over 60% of trades are made on polo right now.  :-\

$150 is your speculation, can you explain why it will reach up to that  price?
because if so, we should be jumping into it right now just to profit and dump when we see its about to reach its limit. some speculated that bitcoin will also be just in $1300 and it won't be more than that.

Well sometimes I wonder if some Dash whale is just pumping it for fun, lol.

But yeah, crazy streak for dash but it'll come to an end eventually.

People are hot headed right now about their investment making 10% daily or more, good time to short IMO.

Four years ago LTC as 2nd coin had over 1bilion market cap so DASH at 150$ will hav one bilion let it be next LTC ;D

https://web.archive.org/web/20131129040105/http://coinmarketcap.com/

Once LTC is forgoten DASH this thime can touch 1Bilion market cap or maybe 1.5Bilion what will be next we all know ^^
Such pumps are not good for coin because it is after pump in down trend over few years :(,
is that helping ?

The devs / dash employees are pumping it. You can see they hype it themselves on their reddit, checked it just for the lolz.

That will be painfull lesson for noobs give me reddit link to that "hype" :D

Simple DASH will replace PayPal due to ease of use and Bitcoin will probably reach a consensus and it will be too late. If Bitcoin forks we have two chains and smart money already pouring into DASH. So 1 Billion dollar market coming soon. I love Bitcoin but DASH is not only the first DAO but it is building on top of the network and probably reach more than 1 Billion market cap. Can't really call it a pump if no one is dumping... I mean why sell your masternode if you get @ least 9% in DASH back. The masternode will be more than one function which would require hardware upgrades. Dash masternodes got DDOS which is a clear sign it will be hard to disrtupte the network. 

BTC's a bubble.  Dash is a bubble.  It's all 0's and 1's, no real value.  Cash out while you still can.  Pay some bills, go on vacation, buy a new car.  Enjoy it now before it all goes to zero.

But there are differences. Dash has instamine, they were aware of it and they "wanted" to fix this. But they kept the money instead, the developers. Also, they have an unproffesional leadership, check their reddit, devs themselves hype it. Early investors made some money, but make sure you guys cash out, devs milk it but the scam won't sustain itself for much longer without new suckers to buy into the worthless coin.

BTC is not a bubble, but Dash is a bubble. Dash's anonymity hype made the coin pumped to da moon, which is incredible.

Dash rising is so scary in 1 month the rising is quintuple, but because it is alt coin and the period of rising is so short, I am bit scare to invest in Dash because when it fall down, it is going to fall down hard and fast, but I agree with OP there are nothing too special about Dash, but it show a great sign of becoming good alt coin

That is literally the way of nature.
There is a scientific formula for that concept too.
In other words it's inevitable and 100% predictable.
The concept is essentially like boiling water..

So implying that is some crooked scheme or something is dumb.. it's life.

I can't remember which one but some country in the middle east had it's currency reset..
they divided up the money equally and then checked and in a short time 90% had all the wealth.

Historical records show it's been like that through all of human history.
And it will stay that was.. because it's basic math LOL

WOW it went up another $10 since i commented earlier..


http://coinmarketcap.com/

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EDIT:

@mining1
You and your bum-buddy miningcache are guilty of that yourselves.
You are projecting what you two did here with Ethereum onto Dash.
Your hypocrisy is vulgar.
You of all people have a lot of nerve saying that..

Don't believe me people ? Check his post history here.

And dev's hype their coin ? yeah.. duh.. they ALL do  :D
Instamine ? Half the planet says that about Satoshi too.. what is your point ?

ETH shill (employee) is pissed off that ETH is threatened by Dash's rise.  ::)

HAHAHA

look what spoetnik the dash shill says here to exactly the same comment about parallels with BTC

exactly the same point ... i mean it is like looking at an anti spoetnik.... has how many pieces of dash shilver has such a terrible effect on a person?

https://bitcointalk.org/index.php?topic=560138.msg6111754#msg6111754

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Quote from: flipme on 07-04-2014, 10:01:56
Aah, another Darkcoin scam thread.
And if so -  he'd deserve it for all the amazing work he has done.

How many Bitcoins were instamined?
That sums up to how many US $?

spoetnik replies....

oh yeah Jefferey dahmer did a great job injecting hydrochloric acid or boiling water into the skulls of his victims to turn them into sex slave zombies
and was a great at keeping severed penis's, torso's and heads in his freezer.. he was so good at he got away with it for years !
so i guess he deserved to get away with it and so does every other guy that comes along right ?
"amazing" work eh ? yaaaaaaaaaaa

ohh yeah i looooove your logic buddy ahahhahhahaa

omygod you people are fucked in the head seriously

hey Mark was great at ripping off all you Gox'tards so he deserves to keep the half billion dollars worth of bitcoin he stole right ?
and by your genius logic we should allow every other guy that comes along to do the exact same.. yeah that's brilliant guy  Roll Eyes

hey Bitcoin did blah blah blah so every other scammy altcoin should be able to be a sleezy thieving pile of bullshit too eh ?


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well done spoetnik a total 180 even using your own argument in reverse.

They want people to invest again and then dump it there are reason why they are trolling dash coin first thing is if they didn't do it will died no more investors are comming but if you already had dash then your lucky enough to sell them immediately before loosing the price again.

Personally I closed all my positions in Dash today