Tokenormal is wrong on this occasion, this is not a pump and dump by whale(s), this is a broad based FOMO from across the crypto-space and I think it has legs and shows a change of trend.  DASH has value in its own right as digital cash / payments network.  Bitcoin is considered a Store of Value, but is lousy for payments.  I think DASH fills a valuable need here and that gives it monetary value.  Toke will keep his head buried in the sand because he is old and proud and ultimately unmalleable.  He is married to his ideas and will in due course take them to his grave.

There and back again

DASH is back to resistance of $270 and having another crack at it.  Can we break it this time, or do we need another run up?  If we break it this time, the next leg up could be really surprising as per VPVR we have not seen a lot of price action up here, so the volatility is likely to increase (in a good way).  Good luck everyone and well done holding !

DASH is the biggest gainer today from the Top 100 coins according to CMC.


https://imgur.com/a/fTDmfAp

Source:https://coinmarketcap.com/gainers-losers/
Filter: Top 100

Interesting way you fuck off, you might wanna try a different translator, punk.

Good!  Now fuck off, troll!

Me too.  The long term chart, DASH is grinding up, slower than other coins for now, but we know that can quickly change as a FOMO for money producing masternodes builds.

In Ryan Taylor's recent Quarterly Call, he describes how the realloc hard fork is already having the intended consequences and improving DASH's store of value.

https://youtu.be/4gSW40h8YE0

This is completely false and shows just how out of touch with the market you really are.  Absolutely no one and I mean no one is making decisions on buying a coin based on how it is emitted, eg POW, POW hybrid, POS.  Decisions are being made based on emotions "feel", S2F, perceptions of the coin, some fundamentals, TA, but not how much of the supply is mined and minted.  You are just trying to fill your narrative with make-believe in the hope others will buy it and the reason you post so much is because you know what I am saying is true, so you are trying to bend the will of readers to the bearish case so as to sell the coin and prove you right.  It is a bit sick that you should try so hard to FUD this coin just for your own satisfaction?  Or do you also have a large short position on this coin?  What is your motivation for spewing this FUD on a daily basis?

Tok, I am still not seeing it, are we talking about unrealised profit and loss?  Because if for example I get paid a reward for running my masternode and then one day accidently send it a burn address, that DASH is then forever destroyed and importantly never got the chance to be sold and thus partake in price discovery, so I don't believe it is actual sell pressure on the coin.  You seem to suggest that its (the mined coin) mere existence is sell pressure.  I strongly disagree.  As a trader, I see that the DASH price is determined at the exchange (the market) and the market is simply made up of people that buy and sell for a variety of reasons, many of which are little more sophisticated than their emotions.  Is it possible you are reading in too deep here, likely prompted by your relatively recent re-evaluation due to the clarification of UK tax law?

Thanks for that explanation, Tok, but I still don't get it, and I suppose that is part of the reason why we don't see eye to eye on this matter, but it sounds like you are saying that hashrate is underpinning the price and effectively the same as buying the coin?  I just don't see it.



Bang on!  Struck the nail on the head with this one and uncovered the primary reason why DASH has suffered such a brutal bear market.  I have recently started referring to this problem as DASH's asymmetric coin supply, which is the effect of minting 2 million coins (fastmine) in the first few days and THEN also reducing the coin's emission from the then 84 million (which would have diluted the error fairly) to just 20 million.  This meant that the initial coins (the bulk) were all generated and priced at rock bottom prices, but our bull run went up on low (thin) volume of artificially restricted supply and formed a humungous bubble.  Now as all the OGs tried to take profit, they flooded the market with far too many coins than it could handle didn't give it a toss, because pretty much any price above a few dollars still represented immense profit for them.

Then we can back track it even further and come to realise that the actual amount of cash that went into DASH in the early days was next to zero, you see, DASH was launched at a magical time, it was launched just as Bitcoin was confirmed in the bear market.  So good folks such as yourself traded the 2013 Bitcoin bubble like a whizz and took profit into fiat on that bubble and used 'free bitcoin' to invest into the next bubble - Xcoin.  So, really, how much money was put into DASH by the originals?  Should we be surprised then that it was beaten to death despite having some good underpinnings, such as IS/PS/DAO together with some non-tangibles?


I also have one further question for Tok if I may.  Have you done the chain analysis or do you have it, that shows how the MNO rewards are spent?  It seems to me that you assume they are directly spent as mandated by your Majesty the Queen, but is this the actual case?

I have done the chain analysis and in general there are some large node clusters that immediately sell, eg the 120 nodes whale and the 270 node Binance operator, but we have many MNOs that hold their rewards and only come to sell them when they sell the node as well.  It might not make much difference on the timing, not sure, but if they (mnos) are not methodically selling rewards then it stands to reason that an improvement in sentiment (among MNOs) may cause them to hold onto the nodes for longer and thus restrict supply which is the issue is it not?  More supply than demand?

I am puzzled by this statement, care to explain how exactly miners are buying DASH?  Miners sell DASH, they don't buy it.



Also, you say the masternode owners represent unmitigated selling pressure, but this is false as was demonstrated in prior bull markets.  The Mnode opers have the flexibility to sell almost all their rewards or HODL almost all their rewards, it depends entirely on the sentiment of the community (greed and fear).  As such, turning the sentiment around can have a massive impact on price in the upward direction as the Mnode opers do not have to sell their coins.  We just have to make them get greedy again somehow.

LOL, you are a joke.  Keep buying XRP fool!  Sell the rest of your DASH NOW!

We've also got a good resource over at https://jochen-hoenicke.de/queue/#6,24h which shows the mempool as a chart over time, quite handy.  Also remember that DASH has 2MB blocks and they come on average about 2.5 minutes.

Fungibility is a core component of any cryptocurrency.  Mixing helps keep the coin fungible, refer to Toknormal's post on the matter. https://bitcointalk.org/index.php?topic=421615.msg56005372#msg56005372

Earlier today DASH made a new All Time High on GDAX, briefly posting an eye watering $194 print before falling and consolidating at suport of $135.  Source: https://www.tradingview.com/x/UBL41gOW/

There is still time to BUY.  A major announcement for DASH is coming at the end of the month rumoured to be inclusion into the Grayscale Trust as a new insitutional investment vehicle to allow the Wall St. fat cats easy access to accumulate DASH.  Are you all in yet?

Quick. Hurry! Get in now so you can flip for a profit to those fatties. 

https://twitter.com/PeterLBrandt/status/1346986785713385472

There is a chance this mania is only just getting started and with DASH being one of the few coins that allows people with money to share in the coinbase reward it will intensify this mania.

What friends of ours such as Tokenormal  don't understand is that the price of an asset is determined by a market.  A market is place where buyers and sellers are brought together to bid on the price of an asset.  When one side overwhelms the other side, the price moves in order to find a new equilibrium - price discovery.  The fundamental forces at play in a market are those of supply versus demand.  DASH has now recovered to $110+ following the news that Bittrex intends to delist dash next week.  The decision has not yet been reversed, clearly we are in a bullish market.  In 125 short days, the supply (issuance of new coins) in DASH will be reduced by 7% (similar to bitcoin’s halving, expect happens yearly and not 50%, but 7%). Source: https://stats.masternode.me this is extremely bullish for DASH (think of lighting the afterburners)

It is folly and stubbornness to maintain a bearish outlook on DASH at this point in time, to do so would put you on the wrong side of history and if you invest accordingly at a financial loss too (not financial advice).

Tok would have you believe that because a stock is not mined, but rather issued by fiat, that the stock would then be worthless (no work required to issued new stock) but the world's stock market show that argument is nonsense, Tok would have you believe that the secondary market, the miners set the price of the coin through their hashrate rather than someone in the primary market.  The analogy of this would be if we observe Tok leaving his house with an umbrella we assume it is going to rain today, otherwise not.  Tok would have us draw the conclusion then that because he leaves his house with an umbrella it will rain.  This is false.  Rather Tok takes his umbrella because the forecasts indicate rain.  Umbrellas do not cause rain.  This is the same situation with the mining hashrate.  hashrate chases price, not vice versa!

This is a great idea and exactly what crowdnode offer where you can vote with less than 1000 DASH, you should check it out at crowdnode.io 

I'm super bullish right now, look how well it is reaccumulating at $90+. Someone really wants in on this project, I wonder what the rush is about?  DASH is done with lower targets, cast your eyes upward now, sky's the limit.

In my view the recent reallocation hard fork simply did not go far enough to incentivise the masternodes.  A paltry 6% pa return for a risky asset like DASH is still far too small, it should be 20% as it once was in 2016 and that ROI fueled our massive bull market.  I will run this by DCG and see if we can't get to work on a realloc2 hardfork. Stay tuned.