Watershed staging post - another 15% is worth 4 marketcap places....  |
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nice move up from chineese market
1 Cryptsy DRK/BTC $ 69,373 $ 2.07 38.66 % Recently
2 BTER DRK/CNY $ 30,970 $ 2.07 17.26 % Recently
3 Bitfinex DRK/BTC $ 23,543 $ 2.08 13.12 % Recently
Has ontheotherhand got walls in the Chinese markets ? |
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The marketcaps are getting interesting.
Darkcoin has a whole bunch of competitors within touching distance now. A valuation of 0.012 to 0.013 will jump it no less than 4 places in the marketcap rankings.
After that there's quite a lot of open space to get to Bitshares, but another 20% would certainly raise a few eyebrows.
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nobody gives a shit about russia. its just a backward country.
That "backward country" is probably holding more cards in the world geopolitical manoeverings than anyone else apart from maybe China. They are also a huge landmass with vast natural resources of agriculture, oil and gas and could probably survive quite happily even if the entire world sanctioned them. They are also a nation of some of the most intellectually capable, culturally diverse and resilient people in the world who's population has been to hell and back through 100 years of war, famine and extremes of political ideology. They're not exclusive in those characteristics - all nations have their unique histories and rich heritages. But "backwards" is not a word I would use to describe Russia. |
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Now I just came to see what great news brought drk to life, and it seems that excluding Otoh's resolve to stop all the dumping, nothing great really happened Actually, I've watched the markets almost every day for the last 6 months and your appraisal doesn't remotely do justice to the reasons behind the current price trend. I'm afraid I'm not going to leave your innuendo unchallenged. The low was around 0.003 and then the valuation recovered and stabilised at 0.006 for several months between September 15th and January 12th. During the period May 2014 to January 2015 (the top of the spring all time high and the end of the consolidation period) an enormous amount of technical growth has occured. In particular: - the 2-tier approach that Darkcoin opted for has been successful in achieving its initial objectives of facilitating a massive amount of innovation without disrupting the day to day operation of the blockchain - the development team has grown from 1 to near on 20 people (including broader roles such as quality control and promotion) - the algos for mixing have gone from realtime to pre-emptive, introducing major benefits - Darkcoin consolidated its market cap while that of its competitors continued to diminish (it used to be a factor of 3-4 market cap compared to its nearest anon, now it's now around 7) - the masternode population grew from a couple of hundred to more than 2000 - significant secondary advantages of the 2-tier approach started to be harvested such as blazing fast confirmation times now in beta - the coin supply available for trading has reduced due to playing a role in securing masternode security Secondly, I don't accept your assertion that because you happen to be aware of the source of a buywall it's somehow any less legitimate. In case you didn't notice, it hasn't been sold into despite having been there for weeks. It has also been removed periodically and it didn't make a blind bit of different to the market. If you think that all amounts to "nothing great really happened" then good luck in finding an asset where it did. I don't think you will because I've looked in detail at every single idea that moves in the crypto world and - though I'm invested in some of them - I've not found any that have such a sustained, focused and productive development effort as this one. (You could, for example, give "Rimbit" a go - $4 million dollar market cap on $400 volume. Can't be bad  ) |
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Obvious questions are obvious:
What are you still doing here? How many times are you going to post that you're done with DRK? +1 and Amen to that. I will get more profit from trading elsewhere, then buying another 2000 drk ...and before you go you might like to reflect on the fact that you bought on a pump and sold on a dump, thereby making yourself responsible for the very price trend you're complaining about. (Like the guy in the traffic jam who rants at the amount of traffic). Buy and sell on fundamentals instead of bandwagons and you won't have that problem, however if you want to compound your error then - hey, who are we to stop you ! There's a supply shortage in the markets and any additional will be welcomed I'm sure |
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I will get more profit from trading elsewhere, then buying another 2000 drk That was possible a year ago but is far harder / more risky this year. The market is more consolidated and everyone's looking for the kind of massive returns that were acheived with QRK, CINNI, AUR, NXT, LTC et al. This year it's a question of picking your horse(s) and sticking with it for a while. Fundamentals are far more important than pumps this time around (for the reasons I cited in my last post). If your lucky you'll get a marginal ROI but not the kind of 1000's of percent we saw when the altcoin market was becoming established. Those days are gone. |
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I'm just reflecting on the low supply and concluding that pumps are completely different kettles of fish this time around. After a huge devaluation such as we saw across all coins last year following the manic speculative pumps, coins are in the hands of longer term holders. Ask yourself - who's going to hold onto a coin and not take profits after a massive dump to 20% of a coin's all time high ? A: Only people who bought to hold long term. i.e. on the way up, it's buy to dump on the way down it's buy to hold So we have a completely different type of holder this time around. That's why the supply is so low (plus a ton of it is now tied up in masternodes). We won't see anything like the dumping we saw last year (though there will of course be corrections). That's also possibly why the price hung around for so long in the 5-7 range. There just wasn't the liquidity anymore for any large buys (even 1 masternode) at those prices. A revaluation was is required. Even so, I can't help looking at that Cryptsy order book and thinking - forget price hikes, this market looks in danger of going bid only. That would be a first in crypto and a very interesting phenomenon.  (Cryptsy's already there as far as masternodes are concerned - bid only. How's about that ? Cause for an Amber Alert) |
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The breakout is firmly established on the longest range charts and we're now through the 0.008 resistance that the previous two breakout attempts bounced off last September and November...  |
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Cryptsy only has less than 1500 DRKs for sale (at the time of posting).
Finnex has about 2-3000.
I've never seen such a thin supply - usually the asks thicken when there's a rise on because people are hoping to catch a panic buy and then repurchase after a correction, but it just continues to thin out.
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This is just a lull in the long march towards $20. There are still outstanding stolen coins in the tens of thousands to be sold. Chinese miners selling their coins as fast they mine them. Merchants unloading coins as fast as they come in. 2014 saw a long decline from 1200 to 200. It won't be as drastic as 2014 but 2015 will see a long decline from 200 to 20.
Everything else being equal, I would probably agree with this analysis. However, everything else is far from equal. The cryptocurrency ecosystem has advance massively since 2013. There have been significant developments in infrastructure, corporate interest, regulation, capital investment, propagation, cryptocurrency derivatives startups and new exchanges. None of that development has been priced in (well it was back in December 2013 and then it got "priced back out again" during the course of last year). At some point, all that development and promotion will arrest the price decline and I'd venture that it well be well before $20. |
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Over 12,000 XPY of buywall pulled. Support all gone.
Then it starts to pump on very small volume.
Someone desperate to get out ?
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I would vote for Ripple too.
Ripple is not a cryptocurrency. It's a blockchain based mechanism for banks to move fiat around. I don't even know what it's doing in the cryptocurrency charts. |
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There is a fundamental drawback of open source cryptocurrencies: anyone can copy the code and make a new one Actually, they can't. They cannot copy that cryptocurrency's network effect. That's been demonstrated by the last year of market trading; - CINNI coin copied Blackcoin's code but crashed in value compared to Blackcoin - lots of coins copied Bitcoin's code but never got anywhere near Bitcoin's marketcap - lots of coints copied Litecoin's code but never got anywhere near Litcoin's marketcap |
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If Bitcoin were to hit some limit, I dunno what, just maybe there is a limit in the code which people might start writing threads about on bct, but anyway, if Bitcoin hit some limit and couldn't scale anymore, then the network effect is arrested. Bitcoin, just being software that can be copied does not have the privilege of gold which is a rare physical element. In fact it does have the "privilege of gold". There are plenty of other metals that are as scarce as gold (such as platinum). There are also plenty other earthly materials which are as scarce. Scarcity is essential but it isn't everything. "Everything" is network effect. Network effect is far harder to attain than anything else. For evidence of that check http://www.coinwarz.com/cryptocurrencyThe network hashrate (in other words, "interest in mining the coin" of bitcoin is 364 Peta hashes). The nearest altcoin in terms of hashrate is Mazacoin at 80 Terra hashes. So, for the purposes of this example, lets use hashrate to test your theory that So, if Bitcoin hit some limit and couldn't scale anymore, then the network effect is arrested ...and that that concept affects its value:  Ergo, your "theory"is complete B.S. because Bitcoin hit all sorts of limits ages ago - not anonymous, not fast enough, slow confirmations, huge blockchain - and yet, still no altcoin can get near it in terms of market cap or hashpower. Meanwhile the only reason Bitcoin still "has" that value is because it is the cryptocurrency reserve and there are altcoins "out there" which solve all Bitcoin's technical problems. |
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Side chains or treechains... Additionally , I'm getting tired of people repeating the same lie that alts have more features of development behind them.
You're "getting tired of it" isn't going to stop it from happening. The commercial world is going to notice the difference between a 10 second confirmation time and a 30 minute one. It's going to notice the difference between a traceable transaction and an untraceable one. It will notice the difference between elastic money and inelastic money. It will notice the difference between cryptocurrencies which are pegged to fiat and ones that are risk investments. If you think that Bitcoin can span all these diverse and incompatible requirements then I suggest you try living off potatoes for the rest of your life - you might save some money |
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Bitcoin as basemoney can't compete in the long run due to its volatility. Yes, it is the job of the basemoney to be stable if you like it or not.
You sound a bit thick. |
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