Dash price consolidates following a significant correction

[bitwomble]

Dash

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1714918877

[1714918877]

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[qwizzie]

It sure looks like it :

[Spoetnik]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

[dinofelis]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

[qwizzie]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

Sorry about that miscommunication, but the $300 target is set for after implementing the Dash Evolution update end 2017 .. not before.

Link about Dash Evolution : https://www.dash.org/evolution/

[generalizethis]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

Sorry about that miscommunication, but the $300 target is set for after implementing the Dash Evolution update end 2017 .. not before.

Link about Dash Evolution : https://www.dash.org/evolution/

Are they going to cut the 10 coins to onecoin?

[qwizzie]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

Sorry about that miscommunication, but the $300 target is set for after implementing the Dash Evolution update end 2017 .. not before.

Link about Dash Evolution : https://www.dash.org/evolution/

Are they going to cut the 10 coins to onecoin?

ahh, it is silly time .. i get it. Let me post something silly back to you :

[dinofelis]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

Sorry about that miscommunication, but the $300 target is set for after implementing the Dash Evolution update end 2017 .. not before.

Link about Dash Evolution : https://www.dash.org/evolution/

Oops.  I thought that Evolution was meant to solve bitcoin's problems.  But to overtake it, you should aim for $3000 at least.  $300 was to overtake ethereum.

No, seriously, I would love to see DASH overtake ethereum.  I would also love to see it overtake bitcoin but I think that's not for immediately right now.  Bitcoin first has to get much deeper into problems before that can happen.  But I seriously would love to see it happening.  Once a coin like DASH can overtake bitcoin, many altcoins can, because the sacred cow is then sacrificed, and DASH has more chances to do so with its extremely centralized distribution and its very low liquidity.

[adhitthana]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

Sorry about that miscommunication, but the $300 target is set for after implementing the Dash Evolution update end 2017 .. not before.

Link about Dash Evolution : https://www.dash.org/evolution/

Oops.  I thought that Evolution was meant to solve bitcoin's problems.  But to overtake it, you should aim for $3000 at least.  $300 was to overtake ethereum.

No, seriously, I would love to see DASH overtake ethereum.  I would also love to see it overtake bitcoin

If Dash did that then it would probably get as much mainstream attention as bitcoin. Can you imagine the negative press around the instamine?
I've often said I've been bullish on Dash because of the limited supply, but I'm not sure how it will go if an adversarial media scrutinises it

[xtyling]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

Sorry about that miscommunication, but the $300 target is set for after implementing the Dash Evolution update end 2017 .. not before.

Link about Dash Evolution : https://www.dash.org/evolution/

A small summary about the Evolution ?

[Arvydas77]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

Sorry about that miscommunication, but the $300 target is set for after implementing the Dash Evolution update end 2017 .. not before.

Link about Dash Evolution : https://www.dash.org/evolution/

Oops.  I thought that Evolution was meant to solve bitcoin's problems.  But to overtake it, you should aim for $3000 at least.  $300 was to overtake ethereum.

No, seriously, I would love to see DASH overtake ethereum.  I would also love to see it overtake bitcoin

If Dash did that then it would probably get as much mainstream attention as bitcoin. Can you imagine the negative press around the instamine?
I've often said I've been bullish on Dash because of the limited supply, but I'm not sure how it will go if an adversarial media scrutinises it

If Bitcoin problems are unsolved and transactions fees are going up Dash will definitely rise. Have you seen that you can accelerate Bitcoins TX speed paying with VISA? That is weird. Does Blockstream & Core went mad?



It encourages me to look for other cryptos. But I don't think that Dash prices now are rising because of the problems experienced by Bitcoin itself. But it may in the future.

[dinofelis]

If Dash did that then it would probably get as much mainstream attention as bitcoin. Can you imagine the negative press around the instamine?
I've often said I've been bullish on Dash because of the limited supply, but I'm not sure how it will go if an adversarial media scrutinises it

I don't think people making market prices in crypto really care about that.  In fact, it might even reassure them, because in as much as people superficially shout "decentralization", most crypto traders (of exchange IOU) prefer in fact centralized systems.  There is much less chance of a few rich, centralized entities "crashing their own market", than the chance of a panic movement of a large crowd.  In fact, in the "greater-fool" game that most crypto is, low liquidity and centralized whales are much more reassuring for smart traders than genuine usage and genuine fluid markets.  There are "people you can make deals with" and pre-knowledge has market significance ; while a true, liquid and efficient market is fair and unpredictable and hence has no advantage for a trader over another one.

So I wouldn't count DASH out.  This is going to go extremely high.  And the instamine and PoS which makes Evan a whale that has full control, and probably half of the stash, while superficially "bad", is a dream for smart money.  This is the best honey pot for greater fools that has ever been made.

This is why I hope it will overtake bitcoin one day, with DASH's fake market cap.  Duffield is a true genius.  He perfectly understood how to pump money out of greater fools, way before others.   The only other guy of similar insight is probably Vitalik, but he came too late with his PoS scheme in order to "lock in" ethereum at his will.  Where Duffield succeeded in being the total central master of a succesful crypto, Vitalik failed bitterly.

[dinofelis]

If Bitcoin problems are unsolved and transactions fees are going up Dash will definitely rise. Have you seen that you can accelerate Bitcoins TX speed paying with VISA? That is weird. Does Blockstream & Core went mad?

I don't think bitcoin's problems are going to be solved.  Bitcoin is now what it is, and nothing significant will ever change.  Bitcoin is nearing its "full capacity", and if it tries to get beyond that, it will not work.

Now that bitcoin is nearly "full", it is time to diversify.  DASH doesn't solve bitcoin's problems, at all.  But DASH not being full at all yet, and having about 4 times its capacity of transactions, it can go quite a distance before the same problems appear.  However, DASH being totally centralized in the hands of Evan, there's no consensus to be had, and Evan can change the DASH protocol, its emission scheme, its block size at his will.  He probably owns more than half of the master nodes, and hence has full control of the "community vote", voting whatever protocol change he wants.  DASH is a centralized crypto, with all the flexibility that comes with it.

But as of now, DASH doesn't solve any fundamental problem in bitcoin.  The instant pay system is nothing else but a kind of master-node certified mem pool.  But all transactions, in the end, have to go on the block chain, just as with bitcoin.  The miners decide that.  Just as with bitcoin.  When room on the block becomes scarce, there's no difference.  But, at the moment, DASH's blocks are 4 times bigger than bitcoin's, so its capacity is 4 times larger.  That pushes the hard wall bitcoin is hitting somewhat further away.  And Evan can vote any block size increase if ever it pleases him.  No hassle about any consensus. The great advantage of a centralized system. 

So, even if DASH doesn't solve any of bitcoin's problems, it can overtake quite some "bitcoin load" before it hits the same wall, and being centralized, its central controller can always "move the wall" with a single 'vote'.

[qwizzie]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

Sorry about that miscommunication, but the $300 target is set for after implementing the Dash Evolution update end 2017 .. not before.

Link about Dash Evolution : https://www.dash.org/evolution/

A small summary about the Evolution ?

Evolution’s mission is to make digital cash easy to use and access for all users, even those who aren’t technologically savvy. Anybody will be able setup an account on the blockchain, add contacts and pay them by name. Purchases from websites or mobile apps will be simple, requiring only a single click.

Dash Evolution will introduce a third tier, where endusers (merchants/customers) will connect to the Dash network through DAPI (Decentralized Application Programming Interface). DAPI will be a first one of its kind in cryptospcace and will give Dash an important
edge on its competitors.

For those interested in Dash and wanting to know more about why Dash is so decentralized in so many ways that it could even be considered a DAO (Decentralized Autonomous Organisation), long before Ethereum made their own rather badly ending DAO chapter,
you can watch it here :

https://www.dash.org/dash-video-series/

These are a serie of videos from Evan Duffield (lead developer of Dash) explaining all the different aspects of Dash.

[Ayers]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

10 coins from what miners? mining generate more coins per day like 1000 or higher, this value is often overlooked but it's really important, now miner can dump 1k coins each day putting pressure on the market, to face this you need that buyers buy 1000 x 0.03, which is 30 btc a day or 40 if you want the value to stay at 0.04, and this must be done each day, not a joke for buyers

[dinofelis]

I can't believe how much blatant lying there has been over the price of Dash in the scene lately.
I just looked now and it's $48.21
Soooo.. uhhhh... what now ? LOL

I'm somewhat disappointed that it stopped there.  I really thought it was going for $300 or so right away.

With their 10 coins in circulation, that shouldn't be too difficult now, should it ?

10 coins from what miners? mining generate more coins per day like 1000 or higher, this value is often overlooked but it's really important, now miner can dump 1k coins each day putting pressure on the market, to face this you need that buyers buy 1000 x 0.03, which is 30 btc a day or 40 if you want the value to stay at 0.04, and this must be done each day, not a joke for buyers

"10 coins" was a matter of speaking of course.  To sustain $40 a single day, you must spend, indeed, about $40 000 a day.  With only one single million of dollars, you can sustain this for 25 days !  Now, we're talking about a "market cap" of near $300 million.  If you own half of it (which must grossly be the stash that the instaminers could have collected by investing each time in masternodes), that represents 0.6% of your holdings, 1 million dollars.   If you are willing to put, say, $60 000 a day, you can easily pump the price to $60.  Now, if you own half of the stash, you also get half of the other 1000 mined coins as a masternode reward, so you get already 500 coins "for free".  Once you're up to $60, you can dump those on newcomers, replenishing your spent amount of $.  Rince and repeat.
The only thing that brings an end to this, is when other DASH holders start dumping too, and want to take benefit.  You can't sustain paying THEM.  But they might not do so, if for that reason, they have to undo their few masternodes they have.   On the other hand, you get help from newbies suffering from FOMO who do the job in your place.

Essentially, it means that if you have a few million $ to play with, you can easily pump the price of DASH, because most is locked into masternodes (of which the centralized entity has probably half), and you indeed need ONLY to buy up the mining until people really start taking benefit, sacrificing their master nodes.

[iCEBREAKER]

No, seriously, I would love to see DASH overtake ethereum.  I would also love to see it overtake bitcoin

If Dash did that then it would probably get as much mainstream attention as bitcoin. Can you imagine the negative press around the instamine?
I've often said I've been bullish on Dash because of the limited supply, but I'm not sure how it will go if an adversarial media scrutinises it

That's not a problem. 

Dash will simply declare anyone in the mainstream press who reports critically on the Instamine is a troll and put them on Ignore.   

[Zer0Sum]

If Dash did that then it would probably get as much mainstream attention as bitcoin. Can you imagine the negative press around the instamine?
I've often said I've been bullish on Dash because of the limited supply, but I'm not sure how it will go if an adversarial media scrutinises it

I don't think people making market prices in crypto really care about that.  In fact, it might even reassure them, because in as much as people superficially shout "decentralization", most crypto traders (of exchange IOU) prefer in fact centralized systems.  There is much less chance of a few rich, centralized entities "crashing their own market", than the chance of a panic movement of a large crowd.  In fact, in the "greater-fool" game that most crypto is, low liquidity and centralized whales are much more reassuring for smart traders than genuine usage and genuine fluid markets.  There are "people you can make deals with" and pre-knowledge has market significance ; while a true, liquid and efficient market is fair and unpredictable and hence has no advantage for a trader over another one.

So I wouldn't count DASH out.  This is going to go extremely high.  And the instamine and PoS which makes Evan a whale that has full control, and probably half of the stash, while superficially "bad", is a dream for smart money.  This is the best honey pot for greater fools that has ever been made.

This is why I hope it will overtake bitcoin one day, with DASH's fake market cap.  Duffield is a true genius.  He perfectly understood how to pump money out of greater fools, way before others.   The only other guy of similar insight is probably Vitalik, but he came too late with his PoS scheme in order to "lock in" ethereum at his will.  Where Duffield succeeded in being the total central master of a succesful crypto, Vitalik failed bitterly.

Great 2 posts.

"while a true, liquid and efficient market is fair and unpredictable and hence has no advantage for a trader over another one"

It's not so much "efficient" markets that have killed NYSE day trading...
It is "random" markets where nothing has a "fair value" after 8 years of ZIRP.

Crypto markets are not even remotely "efficient" because you are trading "speculative bubbles"...
A successful approach to trading "speculative bubbles" is radically different from trading assets with actual revenue or real world value.

Also, DASH cap is 1.5% of Bitcoin... so lets not get carried away.

Also, I'd love to fail so "bitterly" that ETH market cap is 6x DASH...
And in 2017 ETH price in USD just spiked by 160% in terms of USD ($7.25 to $19.30 in 2017).

So ETH is pretty much the #1 alt of 2017... just like 2016...
And there are more Devs working on Ethereum ecosystem projects than all other crypto combined...
Because for a 2nd year college course in Computer Science ETH is perfect... while Bitcoin in C++ is black magic for 20 high priests.

[B1tUnl0ck3r]

Or time to short with leverage 

[dinofelis]

It's not so much "efficient" markets that have killed NYSE day trading...
It is "random" markets where nothing has a "fair value" after 8 years of ZIRP.

An efficient market is totally random.  However, I guess a totally random market is not necessarily efficient.  True.