DASHed Hopes? Dash Price Looking Heavy as Bullish Setup Stumbles
Sep 27, 2017
https://www.coindesk.com/dashed-hopes-bullish-setup-fails-price-looks-heavy/Despite noticeable gains in the wider cryptocurrency market, the price of dash is mildly bid today. At press time, the dash-US dollar exchange rate (DASH/USD) continues to struggle, further establishing a trend that began September 19.
What makes the lackluster price action even more unusual, though, is the fact that just a week ago, the cryptocurrency, known for its governance and privacy features, looked primed for a retest of record highs above $400 courtesy of a bullish falling channel breakout.
At press time, however, dash is trading at $348; up just 0.5% in the last 24 hours.
Week-on-week, the Dash-US dollar exchange rate is down 6%, while on a monthly basis, the exchange rate is down 12.5%.
The exact reason for the weakness is unknown, although it must be noted that dash is known to act differently than other markets. Further, the lack of fundamental news leaves us with just price action analysis, which indicates heightened odds of a bearish move.
|
|
|
|
Wait until the press discovers in-browser XMR mining is the hot new alternative to old & busted google ads. Coinhive set off a chain reaction; the ecosystem is in full ferment, bubbling with creativity.
Harvest - Distributed Browser Blockchain (Monero) | Open Source Specification
https://github.com/KamesCG/harvest"Monero is perfect for mass-adoption. The underlying CryptoNote algorithm is specifically designed for CPUs (compared to GPU or ASIC). Therefore, it's suitable for devices that a vast majority of people already own. In my opinion, it provides a very interesting, and large, niche for the Monero Blockchain." |
|
|
|
Also the InstantSend vulnerability was described in more detail at the Dash Conference : https://www.youtube.com/watch?v=d8ExmIqRqOk(see the 40 minutes marker) Basicly it has to do with how InstantSend can revert back to previous blocks (even after it got confirmed through proof of work). A masternode owner with six masternodes could take advantage of that by calculating high scores for their own masternodes by making a lot of InstantSend transactions offline. Currently the fix to that vulnerability is : * making it impossible for Instantsend to revert back to older blocks * the calculatescore now includes a need for 15 confirmations, before it can calculate the score. This means a pack of 6 masternodes can not calculate/influence their score offline anymore. InstantSend is currently disabled through a spork and will be fixed in Dash update 12.2 Note 1 : as the fix is still work in progress, the code could still be subject to changes. Note 2 : above mentioned InstandSend vulnerability and the planned fix is what i summarized from the presentation, it could be subject to misinterpretation from my side. On Aug 30, we were told the InstantSend fix was "already completed & QA’d."But today's speech confirmed that was a lie. In truth, the InstantSend fix is still under heavy development and intensive testing. How embarrassing for Dash to lose InstandSend just as Litecoin/Bitcoin/Decred accomplish instant on-chain atomic transactions and prepare for Lightning. How utterly humiliating for Dash to lose almost all its debit card support while Litecoin hooks up with Revolut ( https://twitter.com/SatoshiLite/status/907437039221534720). tl;dr Dcash is failing while Decred, Litecoin, and Bitcoin are scaling
I might have to give you that one Icey! 
The Instand Send fix was reported to be completed. 
It was news to me too that it now isn't.  Yes, the Dcash team was caught red-handed lying to the public.  On Sept 24th, some DashHole speaking at some Dash event featuring way too many cringe-inducing blue lights revealed the supposed InstantSend fix is "still being developed and tested and subject to change." That is a blatant contradiction of what bagholders were told 4 weeks ago.  That's the shittiest excuse for not releasing a hotfix I've ever seen. I knew it was BS he moment I read it, and said so at the time, thus subjecting myself to the Dash the cult enforcers' 'attack-the-attacker' tactics.  There is no logical way to reconcile the We-Got-This post from Aug 20 with the Sept 24 Don't-Worry-Still-Working-LOL announcement made at the scam convention. Such intense dishonesty and Marketing-First avarice are par for the Dash course. No wonder vertoe and Amanda left. This scam is either a honeypot (hence Dash Core's refusal to use warrant canary best practices even in light of FBI scrutiny) or a scam waiting to be busted by FBI/CFTC/SEC for operating an unlicensed money services business funded by marketing (without risk disclosure) an unregistered HYIP to unaccredited retail investors. |
|
|
|
hope BTC will ,no crash again .. otherwise, will see ETC a 5$...
Can't understand why price didn't restore like BTC. BTC has been dropped to 60% from local high and has been restored to 76%. But ETC has been dropped to 50% and it's still there  ETC was pumped by and overexposed to Asian markets that took a giant hit from the latest China FUD. Live by the Bithumb, die by the Bithumb. Decred and Monero outperformed during the crash because they basically only trade against BTC, at two US-based exchanges. ETC also suffers from its Grayscale Investment Trust's troubling and notable exposure to Barry Silbert, who is supporting the shockingly controversial Bcash2X attack fork and concomitant toxic social engineering attacks on Core. I expect ETC will easily survive the latest round of cryptodrama and gain antifragility for its trouble. Still long, hloding a full bag.  |
|
|
|
5 Coins going to the moon in 2018, in order of my current exposure.
1. Monero (because multisig, dark net, MetaStable, RuffCT, Kovri, Ledger, Coinomi, Coinbase, Japan/China/Korea)
2. Bitcoin (because Honey Badger don't care)
3. Decred (because governance, Lightning, atomic swaps, Ledger, Japan/China/Korea)
4. Ethereum Classic (because immutable smart contracts and Code Is Law)
5. Litecoin (because coblee, Lightning, atomic swaps)
Honorable mention: Viacoin (because Roman is kicking more ass by himself than the entire team at Dash)
Nice list, i can agree on 4/5 coins, I don't know decred, so no opinion on that. I would add Ethereum to it also, active development team that is working hard on it to always release new things Controversial Bailout Hard Fork Ethereum isn't worth more than a few million. Nick and Elaine are backing ETC. Vitalik the Bailout Kid may be Chancellor of his shitcoin but we don't have to validate his hubris. You need to get right with Decred Jesus. Get DCR and buy a ticket asap, for goodness' stake. |
|
|
|
Agree COMPLETELY that a marketing push is needed. Maybe call Viacoin Jesus?  roflmao I keep Viacoin Jesus deep in my heart! He carries my portfolio moonward when all other legitimate coins are crashing. Prior to beginning them, let's have in place the infrastructure necessary to support the result of successful marketing efforts. We don't want to get people interested in VIA only to be turned off by some unresolved pain point. Better the remain unaware than hate it. How about sticking to community building and outreach, such as Chinese/Japanese/Korean/Russian/Portuguese translations and a Noob Help Desk? IMO we need more than one dev before enticing end users. Also, building out fun/useful services like gambling and tipping bots will automatically attract new users. I suggest a clone of chopcoin.io to use as faucet and betting site. |
|
|
|
Is there a site that tracks the ROI of staking Decred vs Peercoin vs Dash, etc.?
Seems like an opportunity to offer shorter-term CFD or bond exposure to the rates for a tiny management fee.
Or a mutually beneficial hedging arrangement. EG, 11 people split 110% the cost of a DCR ticket or Masternode or whatever. 10% is kept in reserve so any one of the 11 may reclaim their stake at any time at the cost of forfeiting their share of the stake mined coins. The rest enjoy 90% or 100% of regular rates plus the benefit of the early withdrawal option. And the extra 10% could be entered into a separate scheme of the same design.
Given working markets of ~friction-free atomic swaps and smart contracts for difference, arbitrage between staked coins should drive the ROI similar levels.
DCR is a joke ~ there is no community only sockpuppets of devs ... the air drop was fraudulent. I hope they catch the bad actors here :\ My air drop wasn't fraudulent. I got ~242 DCR that just magically fell from the sky. Thanks in part to the preponderance of old-school Bitcoiners involved, DCR already enjoys one of the top 10 most vibrant and productive altcoin communities even at this early stage of development. Of course such success carries the price of being trolled by quivering piles of salty jelly (bless your heart).  |
|
|
|
it would be nice to see trolling in the code base strangled in the crib by reviewers.
+1 Fluffernutter started it. Let's put an end to it. NACK. Please let our Chief Entertainment Officer do his job! Repo trolling is a great way to get more people to at least look at (and perhaps participate in) development. Besides, Monero runs on comedy just as Bitcoin runs on drama and Ethereum runs on controversy. |
|
|
|
12 Hours left guys, does anyone want this more then ICEBREAKER?
Was hoping for an under 0.6 btc steal... Not happening I guess This price is still a steal, the auction started without consideration for the value of Bitcoin Cash that is also inherently loaded on this coin. The starting price should have been around BTC0.55 to BTC0.57. You doing well. Still a very fair price to play with here! The auction also ended without consideration for the collapsing, ephemeral value of Bitcoin Cash that is also inherently loaded on this coin. Besides the admittedly high lulz value gained by provoking, bullying, and harassing attack fork supporters, I don't GAF about Bcash, Bcash2X, JihanCoinPlus, or any other scam piggybacking on Core's blockchain. I guess it's nice that fools peeling coins for Bcash increases the value of my unpeeled ones, but the idea still makes me cringe.  |
|
|
|
Also the InstantSend vulnerability was described in more detail at the Dash Conference : https://www.youtube.com/watch?v=d8ExmIqRqOk(see the 40 minutes marker) Basicly it has to do with how InstantSend can revert back to previous blocks (even after it got confirmed through proof of work). A masternode owner with six masternodes could take advantage of that by calculating high scores for their own masternodes by making a lot of InstantSend transactions offline. Currently the fix to that vulnerability is : * making it impossible for Instantsend to revert back to older blocks * the calculatescore now includes a need for 15 confirmations, before it can calculate the score. This means a pack of 6 masternodes can not calculate/influence their score offline anymore. InstantSend is currently disabled through a spork and will be fixed in Dash update 12.2 Note 1 : as the fix is still work in progress, the code could still be subject to changes. Note 2 : above mentioned InstandSend vulnerability and the planned fix is what i summarized from the presentation, it could be subject to misinterpretation from my side. On Aug 30, we were told the InstantSend fix was "already completed & QA’d."But today's speech confirmed that was a lie. In truth, the InstantSend fix is still under heavy development and intensive testing. How embarrassing for Dash to lose InstandSend just as Litecoin/Bitcoin/Decred accomplish instant on-chain atomic transactions and prepare for Lightning. How utterly humiliating for Dash to lose almost all its debit card support while Litecoin hooks up with Revolut ( https://twitter.com/SatoshiLite/status/907437039221534720). tl;dr Dcash is failing while Decred, Litecoin, and Bitcoin are scaling |
|
|
|
|
Is there a site that tracks the ROI of staking Decred vs Peercoin vs Dash, etc.?
Seems like an opportunity to offer shorter-term CFD or bond exposure to the rates for a tiny management fee.
Or a mutually beneficial hedging arrangement. EG, 11 people split 110% the cost of a DCR ticket or Masternode or whatever. 10% is kept in reserve so any one of the 11 may reclaim their stake at any time at the cost of forfeiting their share of the stake mined coins. The rest enjoy 90% or 100% of regular rates plus the benefit of the early withdrawal option. And the extra 10% could be entered into a separate scheme of the same design.
Given working markets of ~friction-free atomic swaps and smart contracts for difference, arbitrage between staked coins should drive the ROI similar levels.
|
|
|
|
|
5 Coins going to the moon in 2018, in order of my current exposure.
1. Monero (because multisig, dark net, MetaStable, RuffCT, Kovri, Ledger, Coinomi, Coinbase, Japan/China/Korea)
2. Bitcoin (because Honey Badger don't care)
3. Decred (because governance, Lightning, atomic swaps, Ledger, Japan/China/Korea)
4. Ethereum Classic (because immutable smart contracts and Code Is Law)
5. Litecoin (because coblee, Lightning, atomic swaps)
Honorable mention: Viacoin (because Roman is kicking more ass by himself than the entire team at Dash)
|
|
|
|
|
Show Posts
