Bitcoin Forum
June 28, 2024, 10:13:34 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 [341] 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 »
6801  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 11:00:39 PM
Edit: accually really good. sort of underlines the 4hr cross

That was it  Wink

Actually, I think your EMA cross was just a bounce of the 13 support. It was about to cross back down when E. Duffield posted an announcement that RC3 wa getting launched on 20th July and wotnot. You can see on that EMA that the short signal just reverses direction at that point and goes back up. It was otherwise going to plummet through the signal line and probably end up around 14 or 15 (or go straight to 09  Shocked ).

It's a carbon copy of the "Bitfinex moment". It was also about to head down for a cross when people started posting about Bitfinex - so it reversed back up to 20, stopped there for a moment then finally crashed back down to 13.
6802  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 10:49:57 PM
We have a 4h 21MA and 50MA cross on the charts, from a TA perspective that signals the beginning of a uptrend,  In my book atleast.
I suspect a break out above 0.0183 is coming up.  Grin

Have a look at the twelve hour MACD. (Settings --> Indicator --> MACD)

6803  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 09:52:26 PM
So that was you...
Is that 81 BTC wall @ 0.01755011 yours too?

LoL.

No. Unfortunately that could not possibly be me Smiley

The problem I have with this coin is that every time I check out, new stuff starts happening.

For example, I just wrote a post earlier about how it's in demand for a technical property as opposed to network effect. Then no sooner had I posted that than fiat gateways start popping up all over the place which is exactly the kind of network effect I was talking about and that represents "putting down roots" into the wider "crypto sphere".
 
Also, Minotaur's post made me realise I'd mixed up RC3 and RC4. I thought RC3 was the improved anonymity version and therefore was probably already priced in. Whereas it's actually just the master node payments going live, so that means the improved anonymity stuff actually isn't priced in and there's still a lot of development on the horizon.

So I thought, f*ck it. If the price goes south at some point I'll just have to trade my way around it for loss mitigation, but I'd actually like to be invested in this long term because there isn't anything I don't like about it and I think the devs go about things in a very professional way. It's not just about the trading.

That's another thing - now that this project is getting big, the dev team is getting bigger as well. So it's just going to continue pulling away from everything else:

 - more fiat gateways
 - bigger and more consolidated dev team
 - starting to get a profile *outside* of the crypto sphere
 - roadmap that keeps giving

One of the things that doesn't really bother me is all the sniping about different technical approaches to anonymity and whether something is "totally anonymous" or not.

That isn't ever going to matter when it comes to market dominance because what's important is that transactions have a practical level of anonymity. The more "bullet proof" the better  of course, but people are always going to shoot holes in every technical solution that anyone comes up with.

Another thing I like is the master nodes approach.

I work as a software developer for a living. I can see what's going on here. You come up with a new idea, you implement it, then you hone it and hone it till nobody does it better than you and understand everything going on in that piece of technology. Whatever the merits of the 'master node' approach, it will now be "owned" by dark coin. They came up with it, it is an original idea and it will be perfected by dark coin.

That is quite something I think.


6804  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 08:08:48 PM
What to expect from DRK in the next few weeks

The notion that has been floating around today hinting that DRK is near its peak price is very short-sighted. I am really not expecting a big rise with RC3, but it is very important to regain the market's confidence after the fork issues of the last attempt to implement masternode payments. Also exchanges, merchants and investors won't make any real move before the fork is implemented successfully. The masternode network is the foundation for Proof of Service and has a lot more applications beyond anonymity.

So I am more interested in RC3 solidifying DRKs position as anonymity market leader. When RC3 goes live and masternode operators start reporting on their gains more masternodes will join in, is only logical. The way the debugging was done to clean up RC3 was very transparent and professional anyone can go to darkcointalk.org and see the process and it is clear where we are from a technical perspective and that we are not hiding when we find issues but rather dealing with them openly and that sends a very positive message to investors.

The most important thing is after the 20th the development team's attention will go back to anonymity, by mid July we should have a better idea of what are the anonymity enhancements that Evan has planned for Darkcoin. How original and effective these enhancements are will be debate material and should draw additional media attention towards DRK.  I think the weeks before RC4 could be the last chance of buying DRK at affordable price levels.  Only after Darkcoin is peer reviewed and open sourced the adoption phase can start and a big rise should be expected.

One major milestone could be SilkRoad 2.0 or other Tor markets accepting DRK, but this wont happen before it is open sourced and they can verify the code themselves is only logical. But when they do and if Evans code is strong we will be starting a completely different game. So selling your DRK's before open-source is silly, specially with the track record of the development team.

Darkcoin's Competition

Darkcoin has a clear first-mover advantage and this is how I see the competitive landscape. Darkcoin started this journey 6 months ago and has been developing at a very aggressive pace, eventually the market noticed and we had our first big rise in price after weeks of being in the shadows. This produced a lot of speculative hype and catalyzed the market creating an opportunity for others to claim similar features.  

With a lot of people feeling they missed the dark train they started to invest in any coin with anonymity claims in the hopes of seeing a similar price behavior. Then we saw two types of coins come up either complete scams or coins with honest intentions in the long run, but misrepresenting the stage of development they were in. And all these coins fall into one of these two categories Vericoin, Dreamcoin, Libertycoin, X11coin, Cloakcoin, Monero, Pinkcoin, Neutrino, Cryptcoin.

 Lets just not talk about the scams, the ones with real intentions were claiming to be either at the same stage of development or beyond Darkcoin in just a few weeks. The market needed to know if this was true and a lot of people decided to take a risk and see, but time quickly took care of the scams and the others were proven to be either completely flawed or at a very early stage of development.  So now that the hype is dying coins really need to deliver true and proven value if they want to challenge DRK, but this requires true skill and if anything it will take a lot of time, so if Darkcoin does not relax and continues its aggressive development it can easily retain its first mover advantage and remain the market leader. This means that Darkcoin's future is in the hands of Darkcoin while serious competitors need to wait for a serious problem in camp Darkcoin if they want to win some time and close the gap. So as long as Evan and his team continues to deliver Darkcoin should have a bright future.


ok, you convinced me. (Though I didn't really need any convincing).

Based on that post I grabbed that 901 DRK shot.

(I'll see about the other 99  Wink  )
6805  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving on: June 13, 2014, 05:36:05 PM
Fluttercoin is making a new run guys, and I like it. The new wallets, and optimizing will maybe change the course of flutter again!

Just like the time that it hit mintpal.

That was just me.

I panic bought a whole pile on Mintpal around 420 to try to offset my losses from months ago buying at 1800 and 1900.
6806  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving on: June 13, 2014, 05:16:40 PM
I bought mine at 1800.
6807  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 02:21:37 PM
On the contrary. Its an auction, off the order books. No one will be dumping those. They'll buy cheaper, not much below market, as I'm sure there will be an "overdose" of biddings. Then, these poeple buying massive amount of BTC will what... dump them right after?

Anyway, it doesn't matter.

With Bitcoin being the reserve currency, if it goes down they all go down against fiat.

DRK and all other alts are just proxies for Bitcoin (since their value is expressed in BTC).
6808  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 02:13:40 PM
Good luck staying in BTC
when that auction goes off 27th June
http://www.coindesk.com/18-million-worth-of-silk-road-bitcoin-to-be-sold-by-us-government/
BTC will crash big time
better to stay in DRK …. that only can go up …. up … up ……>>

For a start, I'm not interested in the BTC / USD rate.

Secondly, DRK cannot go up and up and up.

It can probably go up a bit, but remember DRK is in demand for technical function - not its "network effect". BTC has taken that crown and won't be giving it up. There is a big difference - being in demand because of a specific technical property and being in demand because it's the 'reserve currency'.

So while I don't disagree that DRK probably has some mileage left (if not considerable) and that it can probably remain in front as the leading 'brand', it's clearly not going to be the only 'private transaction' network around and that will limit its ultimate market cap. I think the days of multiple DRK's per bit coin might be dreamland now, but as I say it could still go up considerably as it's a technically sound project. Only problem is, the more it goes up, the more risky an investment it is.

We've already seen the recent technical developments valued. The top was 0.0277, so that sets a precedent. It's one thing getting there when it's uncharted waters, a very different one to retrace that path after a lot of people have lost a lot of money.


6809  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 12:39:33 PM
Then you switched from a coin in an uptrend to a coin in a downtrend (at least at 610-20) range. But hey even I could be wrong....but I still see push upwards short, medium and long term for DRK

The problem I see is that that pump yesterday may have backfired.

By not breaking through the 18 resistance it's actually added to it. Quite a lot of volume went in at 18 (in fact I saw about 4 master nodes being bought in a single panic buy over 18). Those people are now at a loss in addition to all the rest that are stuck up there.

We've now bounced off the 18 resistance 3 times since June 6th (D-Day ! Smiley ) without breaking through. You can see why because as soon as the price gets above 18 it triggers all this supply coming out of the woodwork with people desperate to get out and minimise their loss.

Even if we do get through it - there's another huge load of resistance at 20. All the volume that went in on May 23rd and again on June 2nd.

Add to that, momentum-wise, we've been waiting for a 4-hour chart correction for days and some wee thing just keeps postponing it.

Add to that, the fact that the news about RC3 is now out, so most ammo is now spent for this phase in the price cycle and probably got priced in with yesterday's panic buy.

That's just the basis for my position since you questioned it - not a prediction. I've made a few coins out of DRK and don't feel like loosing them again. If it takes off I'll buy a few DRK's just to remain part of the party.

6810  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 12:01:24 PM
Where and How Huh

What's the exchange that's allowing to short DRK? Please share!

Thanks!

I just meant that I was "short" as opposed to "long" - I switched out of DRK into BTC.

I'm not shorting in the true sense of borrowing lots of DRK to sell and then payback to the lender, keeping the BTC profit after the fall if that's what you mean.
6811  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 13, 2014, 11:45:32 AM
heh I bought dark when it was low and I multiplied my money by 37

+1

But I've gone short now.
6812  Economy / Speculation / Re: Bitcoin bubble starting to burst? on: June 12, 2014, 10:33:02 PM
It's what I call a "stilleto heel" correction Smiley

6813  Economy / Speculation / Re: Bitcoin bubble starting to burst? on: June 12, 2014, 10:19:10 PM
It's what I call a "stilleto heel" correction Smiley
6814  Economy / Speculation / Re: Bitcoin bubble starting to burst? on: June 12, 2014, 10:16:44 PM
Eeer com's t' rebouund - maybe better make that 48 minutes  Shocked

6815  Economy / Speculation / Re: Bitcoin bubble starting to burst? on: June 12, 2014, 10:16:04 PM
I actually think this is quite bullish.

It looks like it's going to get what would normally amount to a 3-week long correction, out of the way in 48 hours.
6816  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin about to be 51%ed??? on: June 11, 2014, 07:36:43 AM
Here's a proper perspective on 51% attacks.

http://www.youtube.com/watch?v=bTPQKyAq-DM#t=2942
6817  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 10, 2014, 10:20:39 PM
It's not about banning cash or ecash.  It's about "purposely" hiding the transactions (Whether legal or illegal) which may run afoul of the money laundering laws.  That's why a lawyer and not some "idiot" like you should take a look at the design of DRK and where it is headed and make a determination on whether it does or not.  So investments like mine and ours are not screwed if there is a crackdown on something that somebody didn't think of.  I think it makes perfect sense to investigate this now before it all gets too far down the road to fix it if something isn't right.

Also, you might look at your own laws...  http://www.hmrc.gov.uk/MLR/   Which are just as wild.

I think the issue here is that people don't quite realise how far removed from today's legislative framework a crypto economy will be.

The fiat money system is *centralised*. It is that centralisation which lends itself to regulation.

On the other hand, crypto is *de-centralised*. You cannot legislate for such a decentralised financial activity. You can't ban it, tax it, regular it - nothing. All you can do is regulate the fiat gateways and then only from the perspective of *fiat* money.

I've said before, whether a particular blockchain is transparent or opaque is imaterial. The problem is that there is no regulatory framework in the world which can remotely hope to control cryptos except at the financial and commercial gateways (i.e. you could conceivably ban vendors from advertising their prices in Bitcoin).

I don't think many people quite get their heads round this fact. The anonymity aspect isn't the big deal - that's just providing regular privacy which most people expect from a financial transaction system. It's the economics and technology aspect in general that is revolutionary.
6818  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 10, 2014, 09:50:18 PM
545 DRK shot.

....munched.
6819  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 10, 2014, 05:37:38 PM
The delayed releases will continue to erode support

LoL. Only for "numpties" who think that rushing code out to satisfy markets is a good thing.

Most of the people who have invested in this coin want to see quality development - not panic. That appears to be what's on the menu by the looks of things so your theory is wide of the mark at least as far as this investor is concerned.
6820  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 10, 2014, 05:11:26 PM
Anyone want to eat my 135.42009540 BTC buy order on mintpal?

It's getting difficult to find now - buried under a pile of bids.

EDIT: Oops, it just reappeared at the top of the bid stack. Desperation setting in. There isn't even that amount of liquidity available in the entire order book. So much for post correction selling resistance.

Pages: « 1 ... 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 [341] 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!