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Author Topic: [XMR] Monero vs [DASH] Dash - Price and Avareness Comparison  (Read 2330 times)
asmodat (OP)
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March 09, 2017, 11:05:44 AM
Last edit: March 09, 2017, 02:47:33 PM by asmodat
 #1

I wonder what might have caused such a great change in the couple of months for people to stop endorsing XMR as much as Dash.
I know that XMR can be used on Darknet (Alphabay) and is accepted side by side by side with Bitcoin (+mixing services), in the meantime Dash (or dark - then) was present a little while on one of the services and then taken down with it.

I understand that D-coin has a very limited supply due to politics of rewarding only early adopters, and punishing miners with low rewards, thus pushing higher prices and more interest around that.

So what is it ? Is here anyone, who switched from monero to dash and could explain to me this phenomenon, where it is so much more useful ?

I also would like to know what happened half a year ago: https://www.tradingview.com/chart/50EuGwhh/ where cost of dash went to 8x that of monero to later drop to below 1x again ?


UPDATE: Title as suggested.
qwizzie
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March 09, 2017, 11:22:57 AM
 #2

Monero : has a focus on darkmarkets only, niche market
Dash : has a drive to become mainstream usable, is in a position to open up new markets and competes directly with Bitcoin.  

Two totally different targets...

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
dinofelis
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March 09, 2017, 01:27:46 PM
 #3

I wonder what might have caused such a great change in the couple of months for people to stop endorsing XMR as much as Dash.

Don't believe that market cap has much to do with "people endorsing" whatever.  By far most market cap, of most bitcoin and altcoins, are greater-fool games.  And some markets are even easier manipulated when the supply is very centralized, and locked up.
Febo
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March 09, 2017, 01:48:04 PM
 #4

I wonder what might have caused such a great change in the couple of months for people to stop endorsing XMR as much as Dash.

I understand that D-coin has a very limited supply due to politics of rewarding only early adopters, and punishing miners with low rewards, thus pushing higher prices and more interest around that.


With Monero nothing changed. Monero is doing as was in last 2 years steadily, without any hype progressing. It is a tough road since was never walked before.

About DASH, is one reason you mention. Since few people hold most coins is much easier to manipulate on market. And market is thin. That was already happening in last 3 years, so nothing new. DASH had high price before no matter that no one used it since was just BTC clone with nothing that will be impossible to do with Bitcoin.
 But there is other thing. DASH have PoS, so this few intaminers get most of 45% freshly issued DASH. That is now close to $15 millions.  Since they hold most now they get this for free. every year. They dont need to pay electricity  So you can imagine they can afford a lot for this. Let your imagination play here.
Then there is another budged. 10% of all issued DASH, that is mostly used for advertising. People make youtube videos, .....   Those 10% are now $3.5 millions.



This is what happened.  I am not sure if Bitcoin have $10+ millions  marketing budged. For sure no other coin does.




PS: Your title is misleading. Normally people would understand technical comprising, and this 2 coins are quite different.   No should maybe edit it to a bit to what you asked in OP.  [XMR] Monero vs [DASH] Dash - Price and Avareness Comparison
obit33
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March 09, 2017, 01:54:37 PM
 #5

So what is it ? Is here anyone, who switched from monero to dash and could explain to me this phenomenon, where it is so much more useful ?

I also would like to know what happened half a year ago: https://www.tradingview.com/chart/50EuGwhh/ where cost of dash went to 8x that of monero to later drop to below 1x again ?

You're not the only one with questions it seems: https://twitter.com/ARKblockchain/status/834841078234767360
andrew2k
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March 09, 2017, 02:05:51 PM
 #6

So what is it ? Is here anyone, who switched from monero to dash and could explain to me this phenomenon, where it is so much more useful ?

I also would like to know what happened half a year ago: https://www.tradingview.com/chart/50EuGwhh/ where cost of dash went to 8x that of monero to later drop to below 1x again ?

You're not the only one with questions it seems: https://twitter.com/ARKblockchain/status/834841078234767360

Just read through the points he was making in that tweet. It was well thought and concise.
Febo
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March 09, 2017, 03:00:36 PM
 #7

What I forgot to add. Monero awareness is today higher then ever. And marketcap is close to what it was on 4th January when reach top.
AusKipper
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March 09, 2017, 09:08:23 PM
Last edit: March 09, 2017, 09:18:24 PM by AusKipper
 #8

I am not sure if Bitcoin have $10+ millions  marketing budged. For sure no other coin does.

Nope, even though the market cap of Bitcoin dwarfs Dash, Dash has a significantly higher marketeting budget, and the video I saw had a Dash price of around $26 I think.

I think the video was on Dash Detailed youtube channel so if anyone really wants to know the exact figures its on there somewhere (or maybe Cryptoversity)

*edit*
http://dashdetailed.com/2017/02/07/why-arent-we-seeing-greater-cryptocurrency-adoption-easy-to-read-format/

its in a slide in there, and its only $13.50 Dash and the funding dwarfs the Bitcoin Foundation at that level, so now that Dash is $50.....

qwizzie
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March 10, 2017, 07:13:13 AM
 #9

I am not sure if Bitcoin have $10+ millions  marketing budged. For sure no other coin does.

Nope, even though the market cap of Bitcoin dwarfs Dash, Dash has a significantly higher marketeting budget, and the video I saw had a Dash price of around $26 I think.

I think the video was on Dash Detailed youtube channel so if anyone really wants to know the exact figures its on there somewhere (or maybe Cryptoversity)

*edit*
http://dashdetailed.com/2017/02/07/why-arent-we-seeing-greater-cryptocurrency-adoption-easy-to-read-format/

its in a slide in there, and its only $13.50 Dash and the funding dwarfs the Bitcoin Foundation at that level, so now that Dash is $50.....

Dash Network Effects :
 


Now imagine 5 years into the future ... with above in mind.
For longterm investors this cryptocurrency has been setup brilliantly, with a very thought-through strategy.
All economic factors that should encourage longterm price growth and marketcap expansion are in place.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
tok_jingga
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May 24, 2017, 11:33:15 AM
 #10


and this

https://www.monero.how/monero-infographic.jpg
Seville
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May 24, 2017, 12:11:25 PM
 #11

i prefer XMR but nothing beats DASHs marketing  Grin
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