[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[Riseman]

so when is this coin going to hit 1000 dollars like btc did in 2013?

When Bitcoin hits 1000000 maybe.

Well, iCEBREAKER may actually be right (in his own trollish way). There's not going to be any fundamental reasons for growth this year. And all the traders and manipulators money are sucked into another coin which is now #2 in marketcap. So we can see a long period of "cheap masternodes" getting cheaper.

why such a perma-bear? still accumulating?

btw, the price was ~0.0092xx when you and icebreaker made that prediction. less than a week later the price exploded past 0.011xx. anything can happen.

I don't think that even constant bullshit barrage from our trolls affects the price in any significant way, let alone my posts. So no, I've already bought enough.

It's just a general negativity reflecting the current situation when a 15% rise with a mediocre volume is considered an "explosion" when many less known projects get a constant x2-5-10 increase in price. Maybe I should refrain from commenting on the price for some time. Or trade for quick profit rather than "invest" long term.

[toknormal]

Well, iCEBREAKER may actually be right (in his own trollish way). There's not going to be any fundamental reasons for growth this year. And all the traders and manipulators money are sucked into another coin which is now #2 in marketcap. So we can see a long period of "cheap masternodes" getting cheaper.

I did some analyses of "that coin's" performance as a store of value and posted my remarks here.

The thing is, once the pump's done, the "holding" part isn't exactly enticing. To quantify exactly why, I've ascribed some numbers to my qualitative appraisal of the other day.

What it shows is basically that Ethereum has reached such a high marketcap that it now has to deliver on adoption just to stand still. As that other post describes though, BTC and Dash are in a "store of value" market. They are directly monetary assets as opposed to technological ones and so don't rely on actual adoption as currencies for retail goods & services.

Relative Store of Value Performance - Highlights

1. If they all just maintain their dollar marketcap from here, Ethereum marginal loses against BTC are 6 times greater than those of Dash currency holdings

2. Even if Ethereum gets twice the relative growth that Bitcoin or Dash do (marketcap of $2 Billion), it only gains a paultry 10% against BTC, ending up at a BTC price of 0.037 - which it already hit 2 days ago. Dash almost holds its value, losing 3% which is only because Bitcoin is an older currency and further down its emission curve. Dash will perform even better in this respect as its emission decays.

3. However - note the real star of the show, the Dash reserve market. It just blows everything away, almost equalling Ethereum's gain on Bitcoin with only half the marketcap growth (See scenario 2). With 3-quarters of Ethereum's marginal marketcap growth Dash out-performs it by a whopping  150% on BTC gain due to its emission offsetting properties !!

(Warning: I slammed this together - please check workings, emission rates and bottom lines before remortgaging your house. If anyone has any corrections just PM me or post in the thread and I'll update accordingly - I already spotted one myself which is that the increase in reserve market holding is greater than the increase in annual emission. Took the masternode returns from here =(0.31 * 365)/1000 Will adjust if someone can refine those stats. Ah ! On second thoughts maybe it's correct coz only just over half the coin supply is in the reserve market which may account for the proportional disparity. In fact 10% looks right, even conservative. See here.) Dash emission=7.1%.

You probably need to stretch your browser window to make it original size & readable.

[Cryptorials]

What is 'Dash Reserve market'?

[toknormal]

What is 'Dash Reserve market'?

The Dash network uses incentivised nodes to boost participation. These nodes require to be collaterlised in order to secure them from so called "sybil attacks".

If you use your cold wallet as network collateral (you don't need to send it anywhere, it just needs to be registered in the node configuration so no loss of security) then your coin address will accrue regular payments in the form of "interest". It's actually a (large) share of the mining block reward. Quantified here.

What this does is give Dash 2 distinct markets:

[1] - markets seeking supply for trading
[2] - markets seeking supply for store-of-value

I refer to them as "Currency" and "Reserve" markets respectively (i.e. named after the sectors from which the demand emerges). They interact in a complementary way to support "front loading" of Dash's adoption curve.

See here for a brief illustration of the mechanics of how the two markets interact
See here for the long version  
See Here for a profile on reserve market growth over the last year and a half

A full masternode requires 1000 Dash collateral, but any holding can be invested in the "reserve market" due to the fact that there are now brokering services that support this.

[Cryptorials]

I see, thank you for the answer toknormal

[G.avinMcInnes]

What is 'Dash Reserve market'?

The Dash network uses incentivised nodes to boost participation. These nodes require to be collaterlised in order to secure them from so called "sybil attacks".

If you use your cold wallet as network collateral (you don't need to send it anywhere, it just needs to be registered in the node configuration so no loss of security) then your coin address will accrue regular payments in the form of "interest". It's actually a (large) share of the mining block reward. Quantified here.

What this does is give Dash 2 distinct markets:

[1] - markets seeking supply for trading
[2] - markets seeking supply for store-of-value

I refer to them as "Currency" and "Reserve" markets respectively (i.e. named after the sectors from which the demand emerges). They interact in a complementary way to support "front loading" of Dash's adoption curve.

See here for a brief illustration of the mechanics of how the two markets interact
See here for the long version  
See Here for a profile on reserve market growth over the last year and a half

A full masternode requires 1000 Dash collateral, but any holding can be invested in the "reserve market" due to the fact that there are now brokering services that support this.

Any thoughts on the dash market lately? Do you trade all of the markets or namely just the one with the most marketshare?

[Honest Tim]

OTOH, PM sent.

[G.avinMcInnes]

I love DASH, but as a trader I wish we had more volume at the margins.

[toknormal]

I love DASH, but as a trader I wish we had more volume at the margins.

When Mintpal was around, I think Dash was one of the highest volume trading alt coins. The demise of that site was one of the main reasons the volume took a nosedive I think.

However, that's now changing. Trading volume has been growing on Poloniex for 6 straight months. Also that new Chinese exchange should further improve things.

[G.avinMcInnes]

I love DASH, but as a trader I wish we had more volume at the margins.

When Mintpal was around, I think Dash was one of the highest volume trading alt coins. The demise of that site was one of the main reasons the volume took a nosedive I think.

However, that's now changing. Trading volume has been growing on Poloniex for 6 straight months. Also that new Chinese exchange should further improve things.

https://i.imgur.com/K9e8q02.png

Makes sense. I only really feel comfortable trading dash/btc as those are the two markets I know best. At the moment it's tightening up (no small part due to my liquidity).

But there's not a lot of action unless you play really really tight. Today I pushed the spread down to 0.0001 and the market was FINE with that, not buying my sell or buy walls lol.

And as much as I admire that type of stability, it's ultimately a lack of liquidity, albeit temporarily? I'm just wondering how much we could test the highs given the reserve market + recent investment + trending.

Thoughts? I'm more active now as I think there will be one or two more buying ops before take off.

[toknormal]

And as much as I admire that type of stability, it's ultimately a lack of liquidity, albeit temporarily? I'm just wondering how much we could test the highs given the reserve market + recent investment + trending.

Thoughts? I'm more active now as I think there will be one or two more buying ops before take off.

The problem I think with daytrading the Dash market (as you've discovered !   ) is that it tends to be more held than traded. That means you get either low liquidity or big splashes when there's some major revision or news. That has happened twice in its history and we're now entering the third one. (Difference here is that there's no major news, but I've tried to explain that in my previous posts a couple of pages back).

On the other hand, markets like Litcoin and XMR are pretty good for high liquidity trading. Doesn't matter what they are - could be bottle tops - but you seem to be able to get in and out without moving the price too much.

So is that you then at 1608 in the bids ?

[G.avinMcInnes]

And as much as I admire that type of stability, it's ultimately a lack of liquidity, albeit temporarily? I'm just wondering how much we could test the highs given the reserve market + recent investment + trending.

Thoughts? I'm more active now as I think there will be one or two more buying ops before take off.

The problem I think with daytrading the Dash market (as you've discovered !   ) is that it tends to be more held than traded. That means you get either low liquidity or big splashes when there's some major revision or news. That has happened twice in its history and we're now entering the third one. (Difference here is that there's no major news, but I've tried to explain that in my previous posts a couple of pages back).

On the other hand, markets like Litcoin and XMR are pretty good for high liquidity trading. Doesn't matter what they are - could be bottle tops - but you seem to be able to get in and out without moving the price too much.

So is that you then at 1608 in the bids ?

https://i.imgur.com/jNQpQQ7.png

Yup, but I am also the 0.01312583 order which was around 1500 dash now less than 300. Lot of pressure to go higher obviously lol. Ive been keeping it down, but its going up here in a few hours...

But I have been selling high and buying low simultaneously with those random large orders like you mentioned. With such small spread.

[toknormal]

Yup, but I am also the 0.01312583 order which was around 1500 dash now less than 300. Lot of pressure to go higher obviously lol. Ive been keeping it down, but its going up here in a few hours...

But I have been selling high and buying low simultaneously with those random large orders like you mentioned. With such small spread.

LoL ! Refreshing to have a market manipulator who actually provides a running commentary on their strategies. You sound like a kind of "white hat" BobSurplus 

Unfortunately I can't see half the order book cos the charts I use just shows you a tiny part of it. I just see a 221 and some smaller asks below that.

[G.avinMcInnes]

Yup, but I am also the 0.01312583 order which was around 1500 dash now less than 300. Lot of pressure to go higher obviously lol. Ive been keeping it down, but its going up here in a few hours...

But I have been selling high and buying low simultaneously with those random large orders like you mentioned. With such small spread.

LoL ! Refreshing to have a market manipulator who actually provides a running commentary on their strategies. You sound like a kind of "white hat" BobSurplus 

Unfortunately I can't see half the order book cos the charts I use just shows you a tiny part of it. I just see a 221 and some smaller asks below that.

Basically I am just starting out. I'm most of the order liquidity over the last 3 days on poloniex near the spreads, and I have made a profit (unrealized).

I'm frustrated by lack of liquidity, but happy with my gains due to my specific market insight into dash. I've been reading your posts for a while, but have only just recently cashed out a masternode to trade with from 0.014.

Basically I sold a Masternode off most recent 0.014 top and am shorting Dash, which I believe in, until the next big buying fest, which I gander will be in the next week or two.

It's frustrating that Ether volume went into SYS, which I don't trade.

[G.avinMcInnes]

Anyone wanting to margin trade Dash can do so here: https://poloniex.com/marginTrading#btc_dash

You can also lend Dash here: https://poloniex.com/lending#DASH

I'm willing to incur small losses now to increase Dash liquidity, and would like any of you who are not scared of risk to do the same.

https://i.imgur.com/xiAdwju.png

Long term charting suggests DASH can take ETH liquidity if we hit ATHs which could be possible given already awesome increases to liquidity recently.

Do your own research, but I am very bullish long term.

[toknormal]

Basically I sold a Masternode off most recent 0.014 top and am shorting Dash, which I believe in, until the next big buying fest, which I gander will be in the next week or two.

It's frustrating that Ether volume went into SYS, which I don't trade.

You mean you're "starting out" in terms of trading but have been a holder for a while ?

I was wondering, why did you place a buy wall so close to your cash-out price ? Wouldn't you be better buying back in small increments so to not scare the liquidity away ? Were you worried about not getting back in ? The 1-hour chart is rising but the 2 and 4-hour corrections are still in progress. If you take that wall away it might come down a bit more and give you more liquidity to get back in in the 0.012+ range.

Also you said that buywall was yours but you also said you were shorting Dash ? That got me a bit confused.

[G.avinMcInnes]

Basically I sold a Masternode off most recent 0.014 top and am shorting Dash, which I believe in, until the next big buying fest, which I gander will be in the next week or two.

It's frustrating that Ether volume went into SYS, which I don't trade.

You mean you're "starting out" in terms of trading but have been a holder for a while ?

I was wondering, why did you place a buy wall so close to your cash-out price ? Wouldn't you be better buying back in small increments so to not scare the liquidity away ? Were you worried about not getting back in ? The 1-hour chart is rising but the 2 and 4-hour corrections are still in progress. If you take that wall away it might come down a bit more and give you more liquidity to get back in in the 0.012+ range.

Also you said that buywall was yours but you also said you were shorting Dash ? That got me a bit confused.

I currently have a short out on dash, which I plan on closing very very soon, at a very, very small profit lol. Glad it's not a loss.

I'm also testing resistances and gathering data in the market, but putting buy walls and sell walls, and measuring past liquidity patterns to see how much of an impact I am making.

It may sound stupid, hell, it may BE stupid. But to me, I have a master plan behind my masternode profits lol.

[Jestah]

Basically I sold a Masternode off most recent 0.014 top and am shorting Dash, which I believe in, until the next big buying fest, which I gander will be in the next week or two.

It's frustrating that Ether volume went into SYS, which I don't trade.

You mean you're "starting out" in terms of trading but have been a holder for a while ?

I was wondering, why did you place a buy wall so close to your cash-out price ? Wouldn't you be better buying back in small increments so to not scare the liquidity away ? Were you worried about not getting back in ? The 1-hour chart is rising but the 2 and 4-hour corrections are still in progress. If you take that wall away it might come down a bit more and give you more liquidity to get back in in the 0.012+ range.

Also you said that buywall was yours but you also said you were shorting Dash ? That got me a bit confused.

I currently have a short out on dash, which I plan on closing very very soon, at a very, very small profit lol. Glad it's not a loss.

I'm also testing resistances and gathering data in the market, but putting buy walls and sell walls, and measuring past liquidity patterns to see how much of an impact I am making.

It may sound stupid, hell, it may BE stupid. But to me, I have a master plan behind my masternode profits lol.

I shorted 3.3 BTC worth at around .0124, it never fails to rise RIGHT after I short almost like clockwork.   Was hoping to repeat what I did twice recently and gain a few more DASH...... would like to buy back at .0107, but that's probably not happening any time soon......  so if you want to push it down so this doesn't turn into a loss for me....I wouldn't argue.  lol

[G.avinMcInnes]

Basically I sold a Masternode off most recent 0.014 top and am shorting Dash, which I believe in, until the next big buying fest, which I gander will be in the next week or two.

It's frustrating that Ether volume went into SYS, which I don't trade.

You mean you're "starting out" in terms of trading but have been a holder for a while ?

I was wondering, why did you place a buy wall so close to your cash-out price ? Wouldn't you be better buying back in small increments so to not scare the liquidity away ? Were you worried about not getting back in ? The 1-hour chart is rising but the 2 and 4-hour corrections are still in progress. If you take that wall away it might come down a bit more and give you more liquidity to get back in in the 0.012+ range.

Also you said that buywall was yours but you also said you were shorting Dash ? That got me a bit confused.

I currently have a short out on dash, which I plan on closing very very soon, at a very, very small profit lol. Glad it's not a loss.

I'm also testing resistances and gathering data in the market, but putting buy walls and sell walls, and measuring past liquidity patterns to see how much of an impact I am making.

It may sound stupid, hell, it may BE stupid. But to me, I have a master plan behind my masternode profits lol.

I shorted 3.3 BTC worth at around .0124, it never fails to rise RIGHT after I short almost like clockwork.   Was hoping to repeat what I did twice recently and gain a few more DASH...... would like to buy back at .0107, but that's probably not happening any time soon......  so if you want to push it down so this doesn't turn into a loss for me....I wouldn't argue.  lol

Just took my orders down maybe that will help you out while I plan my next step. If it hurts then I had nothing to do with it lol.

[toknormal]

I'm also testing resistances and gathering data in the market, but putting buy walls and sell walls, and measuring past liquidity patterns to see how much of an impact I am making.

It may sound stupid, hell, it may BE stupid. But to me, I have a master plan behind my masternode profits lol.

Naeborra.

You sound like a more experienced trader than me. I wouldn't know what to do with that information but it sure sounds good   I don't do a lot of daytrading - I just find it too immensely time consuming if you want to make significant gains. I do do quite a lot of chart gazing though. Find it quite therapeutic (unless I've got thousands of dollars in the market in which case I find it totally exhausting even though I usually escape with the shirt still on my back). The Dash market is quite sedate - it usually isn't too much trouble finding entry and exit points.

Looks to me like good consolidation occurring at the moment. It will allow the moving averages and RSI to fall back within buyable range.