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

[tungfa]

Why Central Banks Will Fail at Digital Currency
http://www.coindesk.com/central-bank-fail-digital-currency/
(No Dash)
 

[r4vani]

Great review of the Baikal Dash Miner on Bitcoinist!

Review of the Baikal 150 mh/s X11 DASH ASIC Miner

I just ordered one of these little asics and paid for it with Dash
Looking forward to getting the unit in a week or maybe two? Shipping out from China so a bit hard the determine the final delivery time, as they would be sending it out between 1-3 business days from today.

If all goes well maybe I'll try to write a few comments about the asic miner later on, though I think that the review above mentioned pretty much all there is to know.

[110110101]

Great review of the Baikal Dash Miner on Bitcoinist!

Review of the Baikal 150 mh/s X11 DASH ASIC Miner

I just ordered one of these little asics and paid for it with Dash
Looking forward to getting the unit in a week or maybe two? Shipping out from China so a bit hard the determine the final delivery time, as they would be sending it out between 1-3 business days from today.

If all goes well maybe I'll try to write a few comments about the asic miner later on, though I think that the review above mentioned pretty much all there is to know.

I'm sure the difficulty will go way up and the profits will decrease. i ordered a single unit for 92.9 Dash incl shipping. I guess I'll have to see whether I'll have to pay import taxes etc. at delivery. Each unit only uses 40W so I hope to be able to run it for a long time, even non profitable when it gets old, because it helps the network. So in a sense I hope to help Dash both network wise as well as with MNs.

[ddink7]

I am a little curious as to why other currencies in the top 5 rode the price ride up with bitcoin.

Dash on the other hand was sold off with the price kept stable at $7-8....why is this?

I wouldn't quite say they "rode it":

Examples: May 19th to June 12th (BTC rally started on May 26th)

Litecoin: 0.087 --> 0.008 (9% loss)
Ethereum: 0.033 --> 0.022 (33% loss)
Ripple: 1330 sats --> 901 (32% loss)

Basically, any currency that had recently "rallied off its base" just prior to Bitcoin lifting off got stung and the more they had rallied the more of a hit it took. Thats because the market is far more liquid close to an established base than it is at the top of a rally.

If we're generous we could maybe consider Dash 'established base' to be around 0.09 by now so from April it had rallied nearly 100% off it and therefore was simply much more exposed to a potential capital drain from a bitcoin rally than say the Litecoin market which was on the deck and highly liquid, or Ripple which had been falling for months or even Ethereum which was had just suffered a massive 60% consolidation loss in the couple of months prior to the BTC rally.

Tok (or anyone):

Every time the price of Bitcoin rises, alts generally tend to fall. The commonly accepted wisdom is that people are moving money from alts to Bitcoin to take part in the gain. This is flight to quality, correct?

Basically, everybody is saying "Dash is going down" or "alts are falling" but in reality, Dash is staying pretty darn close to where it was before BTC started rising (in fiat terms). Dash is not actually falling; BTC is rising. An asset that's increasing in value has to increase relative to something, right? BTC increase value relative to both fiat and to alts.

So Dash isn't going down, per se, but Bitcoin is rising. If I'm in my Mustang going 80 miles an hour and a Porsche passes me at 100 miles per hour, I haven't slowed down, even though my speed relative to the Porsche is negative. Relative to the trees, the light poles, the mile markers and any other stationary objects, I'm still going 80 MPH. Relative to the Porsche I'm going -20 MPH. It's all about frame of reference, as they say in physics.

[toknormal]

So Dash isn't going down, per se, but Bitcoin is rising.

True, but going against that is the question of - if an alt is valued in X ratio against bitcoin and bitcoin strengthens against the dollar, the alt should strengthen against the dollar as well, otherwise what's the point of holding the alt as opposed to bitcoin ? The only reason anyone invests in an alt is because of perceived undervalue against bitcoin, not overvalue.

Actually what I think happens is that when bitcoin rises, some people want to profit take into fiat whatever they're invested in and they usually transit through bitcoin markets to do it.

For example, lets say I decided to avail myself of a new 2016 Macbook pro and decided to dump some masternode revenue towards it. I'd convert to bitcoin on Poliniex then cash out through local bitcoins. I probably wouldn't a Dash fiat exchange.

Another reason for it is volatility simply attracts liquidity, so people cash out to bitcoin on the rise so that they can cash out to fiat prior to a bitcoin correction in order to accumulate bitcoin. Then when bitcoin consolidates the tide comes back in and profits find their way back into the alts in order to hedge all the new capital thats gone into bitcoin.

[TanteStefana2]

Why Central Banks Will Fail at Digital Currency
http://www.coindesk.com/central-bank-fail-digital-currency/
(No Dash)
 

This would have been a great article if only he had done some editing, or preferably had someone else do it.  He must have written it high on emotion.  Oh well, a good try

[pbleak]

I don't know what to do.   If I sell BTC for Dash,  I am sorry when BTC goes up.  If I don't,  I am sorry when Dash goes up.   I am trying to keep a balance between the two.   Maybe I should stop watching.   

sdp

If you like both half-half. A more reasonable position based on history would be 70% Bitcoin (i.e. follow the standard) and 30% DASH. Problem solved.

[toknormal]

...also, look at this chart from the start of the year. Margin trading on Poloniex serves to amplify all the volatility in the market.

Also, check the network nodecount - it barely blinked this time whereas in previous declines we got quite a substantial changing of guard. Right now it's only about 25 or so off the ATH.

The thing is, Dash moving in contra-direction to bitcoin isn't a bad thing, it's a good thing because thats what a hedge is supposed to do. There have been times when Dash rocketted up and I found myself majority invested (i.e. I had more overall holdings in Dash than BTC). That freaked me out a bit to begin with because I always saw BTC as the reserve and alts as a greater risk.

But when I though about it, I asked myself: "why have I got so much unrealised BTC all of a sudden". The answer wasn't that I'd suddenly got rich, it was that BTC had lost value against the alts and Dash in particular. It had become less valuable and I had more of it. So I resisted the temptation to profit-take into BTC because Dash was doing its job in absorbing all the weakness in Bitcoin's speculative valuation.

Also, if you think about it, the same argument that BTC will blow up against fiat applies to alts against BTC. Dash benefits from the least amount of diversification out of Bitcoin, plus it has some very exciting long term technical developments on the roadmap that are almost a mirror image of what bitcoin's doing.

[dEBRUYNE]

@toknormal, why are you posting a chart that says DASH/XMR when that is the DASH/BTC chart? This is the DASH/XMR chart:



Source: https://www.tradingview.com/chart/?symbol=DASHBTC/XMRBTC (daily)

[toknormal]

@toknormal, why are you posting a chart that says DASH/XMR when that is the DASH/BTC chart?

What are you talking about ?

It says BTC  

You must've been seeing things 

[dEBRUYNE]

@toknormal, why are you posting a chart that says DASH/XMR when that is the DASH/BTC chart?

What are you talking about ?

It says BTC  

You must've been seeing things 

No, you ninja edited your post.

[RenegadeMan]

@toknormal, why are you posting a chart that says DASH/XMR when that is the DASH/BTC chart?

What are you talking about ?

It says BTC  

You must've been seeing things 

There is no mention of XMR anywhere in Tok's post (and I saw it pretty much as soon as it went up).

Maybe you're just hoping he'd weave it into the conversation?

[btc_zero_sum]

question to the community,
if you have ~1000 dash and a 6 month time span

do you think can be more profitable to setup a masternode or lend all the coins (for example on poloniex)?

[toknormal]

There is no mention of XMR anywhere in Tok's post (and I saw it pretty much as soon as it went up).

Just before the flamewars start, he was right - I made a mistake.

Quickly corrected it after dEBRUYNE's heads up before anyone noticed  

[splawik21]

question to the community,
if you have ~1000 dash and a 6 month time span

do you think can be more profitable to setup a masternode or lend all the coins (for example on poloniex)?

1 - First of all you need to ask yourself a question if you are ready to take a risk and leave your coins for 6 months on an exchagne....
2 - Putting them into a masternode, YOU keep the coins, so it`s much safer way even if you get little less gains than borrowing them.
3 - Split them half and half, borrow on exchange half and put into one of the shared masternode service and see the diference.

...before anyone noticed 

well you`re not quick enough

[spatula]

question to the community,
if you have ~1000 dash and a 6 month time span

do you think can be more profitable to setup a masternode or lend all the coins (for example on poloniex)?

1 - First of all you need to ask yourself a question if you are ready to take a risk and leave your coins for 6 months on an exchagne....
2 - Putting them into a masternode, YOU keep the coins, so it`s much safer way even if you get little less gains than borrowing them.
3 - Split them half and half, borrow on exchange half and put into one of the shared masternode service and see the diference.

...before anyone noticed 

well you`re not quick enough

Also, lending has been terrible as of late. A masternode beats returns on lending my a huge margin right now.

[Minotaur26]

question to the community,
if you have ~1000 dash and a 6 month time span

do you think can be more profitable to setup a masternode or lend all the coins (for example on poloniex)?

I am not sure about the profitability comparison so maybe others could help you with that. The main difference for me is that in order to lend the coins for 6 months you have to send your private keys to the exchange and they will hold them during those 6 months so you have no control of the money and are running the risk of the exchanged being hacked, closed down, etc.

In the case of running a node you would be in control of your private keys the whole time, soon you will even be able to keep them in a hardware wallet (Trezor or Keepkey) and collect masternode payments during that period.  

So consider that risk factor too, lending makes more sense if you dont have the full 1000 DASH for the masternode, if you do then the return from lending should be a lot higher than the node returns to justify the extra risk. In my case I would not feel comfortable parking my coins in an exchange for an extended period of time. Just my 2 duffs.

[spatula]

There is no mention of XMR anywhere in Tok's post (and I saw it pretty much as soon as it went up).

Just before the flamewars start, he was right - I made a mistake.

Quickly corrected it after dEBRUYNE's heads up before anyone noticed  

Just goes to show how much those XMR guys watch the DASH thread. Why are they so obsessed?

[toknormal]

Just goes to show how much those XMR guys watch the DASH thread. Why are they so obsessed?

Cos they're invested 

[dEBRUYNE]

There is no mention of XMR anywhere in Tok's post (and I saw it pretty much as soon as it went up).

Just before the flamewars start, he was right - I made a mistake.

Quickly corrected it after dEBRUYNE's heads up before anyone noticed  

Just goes to show how much those XMR guys watch the DASH thread. Why are they so obsessed?

Yeah because reading a thread directly means obsessed. You also tend to forgot some people who are interested in Monero might be interested in DASH too, or vice-versa. The fact that 5.x% of the people is commited to the DASH stackexchange is also committed to the Monero stackexchange proves this:

https://area51.stackexchange.com/proposals/98231/dash