coins101
Legendary
 Offline
Activity: 1456
Merit: 1000
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June 01, 2014, 06:09:35 PM |
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probably sooner than I thought...I could do with selling a few to pay for all the beer I'm about to buy when we go over LTC market cap.
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Jesse Livermore
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June 01, 2014, 06:11:23 PM |
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This is a monumental step in getting Darkcoin accepted into the bitcoin community as the de facto standard for anonymity. This puts DRK on a level playing field with BTC and states that Darkcoin provides something Bitcoin cannot.
Plus thinking further ahead, this will open Wall Street's eyes to Darkcoin after Bitcoin has it's ridiculously successful ETF and everyone will be going 'I need to diversify the cryptocurrency portion of my portfolio...what other legitimate coins can we bring to market?'
Re: Bitfinex I'm re-posting this from a couple days ago and adding this additional part below... What does Bitfinex, Bitcoin's future ETF(s) and GLD have to do with Darkcoin? Legitimacy. Bitfinex allows you to short Bitcoin and Litecoin, as well as buy them on margin (as well as a bunch of more sophisticated products). Here's a good primer on shorting and margin-trading though: http://www.investopedia.com/ask/answers/05/marginaccountshortsell.asp Basically, if you want to short or margin-buy Bitcoin or Litecoin from Bitfinex you are borrowing coins or money from Bitfinex. Bitfinex lends out coins/money because they have a business interest in making a market. And since they have a business interest, Bitfinex isn't going to add every scamcoin under the sun to their exchange (like Cryptsy/MintPal have done) because 99% of those scamcoins would be dominated by short-sellers and margin-calls. In other words, there would be many fools that would buy the scamcoins on margin and they would more than likely would get margin-called left and right and eventually crushed by plummeting prices. I, personally, would short every single coin outside of DRK on MintPal if they allowed shorting. Bitfinex knows this and they know that 1)they would be on the line for these fools' margin buys and 2)there would be no markets because everyone would be trying to short. So Bitfinex opening up Darkcoin markets is Bitfinex saying "we see Darkcoin as legitimate and are willing to take on major business risk tied to Darkcoin because we believe there is an actual market there." I believe Secondmarket's (and maybe the Winklevoss twins') Bitcoin ETF's will be huge. And by huge, I mean the price of Bitcoin will likely run-up hugely beforehand and I'm guessing the Bitcoin ETF will likely skyrocket. Overall I think last fall's Bitcoin rally will look like a blip on the charts due to the ETF. Why? Because Wall Street institutions, mutual funds, investment advisers, large traders and small traders want to buy Bitcoin legitimately and easily . Very few on Wall Street, myself included, had the cojones to wire money to Mt. Gox 2 years ago because it was shady as f*ck, and none of us knew how to mine BTC. So we all watched Bitcoin explode in value and we've been kicking ourselves for it ever since. The result though is there is now ridiculous demand for anything related to getting Bitcoin easily. Same thing happened with the offering of GLD in 2005 ( http://finance.yahoo.com/q/bc?s=GLD&t=my&l=on&z=l&q=l&c=). There was huge demand to buy gold easily. And, outside of buying gold futures, it was nearly impossible to get 100% exposure to the gold market. So GLD came along and at it's max in 2011, the thing held $80 billion worth of gold. Just about every investor on Wall Street wanted to diversify into it. GLD, however, was/is only a market risk diversification tool / value-storing tool. It doesn't have the actual usefulness that Bitcoin and crypto-currencies do. In other words, you cannot buy a pizza for gold like you can with cryptocurrencies. Hence, I think a Bitcoin ETF will be huger than GLD was at it's peak. Tying this back to Darkcoin... immediately after the Bitcoin ETF's likely successful launch, every major Wall Street bank is going to want to create their own products around Bitcoin and other crypto's. The GLD ETF launch immediately saw the launch of dozens of other gold-related, silver-related and metals-related ETF's. Wall Street is going to research the shit out of other crypto's following Bitcoin ETF's launch. They will quickly see that 99.9% of them are either scamcoins or have no real added benefits above and beyond Bitcoin. They will also see what crypto's are on what exchanges and obviously they'll discover that MintPal/Cryptsy/Poloniex have many coins but are not truly legitimate exchanges due to their markets being long-only/one-sided markets (no ability to short). So they will give more weight to coins which have thrived under the pressure of true market conditions, similar to the stock market, where traders can go long or short the coin and use margin, similar to Bitfinex. The fact that Bitfinex may also allow Dark swaps and volatility products will be icing on the cake. Anyhow, sorry to ramble on... But this is a monumental step.JL Allowing pension funds to trade bitcoin and other alts is a real game changer. They don't do $100 here or there, they do $10m to $100m here or there. If you have a master nodes worth of DRK, you could be looking at $50,000 to $100,000 worth of value in each node come 2015. I didn't mention pension funds as potential buyers at first, mainly because they have serious charters and by-laws that absolutely wouldn't allow buying crypto's of any kind until crypto-currencies had proven themselves able to help diversify the investment portfolio after 'x amount of years' of existence. But ya, I've placed trades for well over $70 million at once into single ETF's before (like SPY) and the ETF would barely move a blip. Right now, a $70k trade (100 BTC) into DRK/BTC would probably move us about 10% at least, so we have a looooong way to go before we can handle serious Wall Street-type trades. Baby steps, though, baby steps. |
I own a DASH Masternode.... And you should too.
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coins101
Legendary
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Activity: 1456
Merit: 1000
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June 01, 2014, 06:14:47 PM |
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Pension funds make a serious amount of their income from indirectly investing through VCs and other regulated entities. 2014 is really the start of a new mainstream chapter for crypto.
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predatorkill
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June 01, 2014, 06:17:31 PM |
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Jesse by 100 btc trade u mean just one person? What if multiple 100ers hit the market?
Also, these people would build a wall, not buying the whole sell book.
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coins101
Legendary
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Activity: 1456
Merit: 1000
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June 01, 2014, 06:17:41 PM |
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This is a monumental step in getting Darkcoin accepted into the bitcoin community as the de facto standard for anonymity. This puts DRK on a level playing field with BTC and states that Darkcoin provides something Bitcoin cannot.
Plus thinking further ahead, this will open Wall Street's eyes to Darkcoin after Bitcoin has it's ridiculously successful ETF and everyone will be going 'I need to diversify the cryptocurrency portion of my portfolio...what other legitimate coins can we bring to market?'
As an aside, I wonder if we have discovered the identity of Mr. XosX?
Well you have just become a strong candidate  |
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Standhaft
Member
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Activity: 84
Merit: 10
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June 01, 2014, 06:23:49 PM |
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This is a monumental step in getting Darkcoin accepted into the bitcoin community as the de facto standard for anonymity. This puts DRK on a level playing field with BTC and states that Darkcoin provides something Bitcoin cannot.
Plus thinking further ahead, this will open Wall Street's eyes to Darkcoin after Bitcoin has it's ridiculously successful ETF and everyone will be going 'I need to diversify the cryptocurrency portion of my portfolio...what other legitimate coins can we bring to market?'
As an aside, I wonder if we have discovered the identity of Mr. XosX?
Well you have just become a strong candidate he means that bitfinex is XoS. Which makes sense |
DRK - Xi9PB8XXN9Gn4HFG7NtzsXNiBQC4jdFvnH
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TanteStefana2
Legendary
Offline
Activity: 1260
Merit: 1001
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June 01, 2014, 06:28:41 PM |
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Does anybody know why MN count has dropped to 288?
I'm setting mine up for testnet, almost done... |
Another proud lifetime Dash Foundation member  My TanteStefana account was hacked, Beware trading "You'll never reach your destination if you stop to throw stones at every dog that barks."Sir Winston Churchill BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d |
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fernando
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June 01, 2014, 06:36:01 PM |
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Does anybody know why MN count has dropped to 288?
Probably helping out on testnet. Also, there was a known problem with ghost masternodes that showed up on lists but were not online, maybe it is being solved and the list is more accurate now. |
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coins101
Legendary
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Activity: 1456
Merit: 1000
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June 01, 2014, 06:36:30 PM |
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Does anybody know why MN count has dropped to 288?
I'm setting mine up for testnet, almost done... The last time it dropped, it was because people didn't want to pay for their hosting bandwidth and useage until they started getting payments |
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coins101
Legendary
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Activity: 1456
Merit: 1000
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June 01, 2014, 06:37:38 PM |
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This is a monumental step in getting Darkcoin accepted into the bitcoin community as the de facto standard for anonymity. This puts DRK on a level playing field with BTC and states that Darkcoin provides something Bitcoin cannot.
Plus thinking further ahead, this will open Wall Street's eyes to Darkcoin after Bitcoin has it's ridiculously successful ETF and everyone will be going 'I need to diversify the cryptocurrency portion of my portfolio...what other legitimate coins can we bring to market?'
As an aside, I wonder if we have discovered the identity of Mr. XosX?
Well you have just become a strong candidate he means that bitfinex is XoS. Which makes sense Unless he categorically denies it, he is on the list of possibilities |
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StefanJ
Member
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Activity: 96
Merit: 10
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June 01, 2014, 06:42:42 PM |
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Who unleashed the craken on btc?? Is satoshi dumping finally?  |
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TsuyokuNaritai
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June 01, 2014, 06:48:53 PM |
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Who unleashed the craken on btc?? Is satoshi dumping finally? Didn't you hear? He's converting his stash to DRK.  |
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droptable
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June 01, 2014, 06:58:57 PM |
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Who unleashed the craken on btc?? Is satoshi dumping finally? |
DΛRKCOIN -> is now -> DΛSH
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not DashCoin, not DarkDash, not anything. The Name has been / is changed the tech stays the same |
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Freckleg
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June 01, 2014, 07:01:29 PM |
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Who unleashed the craken on btc?? Is satoshi dumping finally? Sorry wrong button :-) |
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ddirt
Newbie
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Activity: 57
Merit: 0
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June 01, 2014, 07:03:10 PM |
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This a photoshop edit? I dont see it on bitfinex now. |
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StefanJ
Member
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Activity: 96
Merit: 10
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June 01, 2014, 07:06:39 PM |
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Who unleashed the craken on btc?? Is satoshi dumping finally? Didn't you hear? He's converting his stash to DRK. Clever man indeed!  Someone is making a serious amount of dough right now |
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k0vic
Member
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Activity: 113
Merit: 10
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June 01, 2014, 07:09:19 PM |
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yes it is rumours i have seen there drk is not added there. Taken about 2 minutes ago.  This a photoshop edit? I dont see it on bitfinex now. It's gone now. I took a screenshot this morning and posted it on reddit when I first woke up. I wouldn't believe it unless I saw it with my own eyes (which i did) but when I viewed drk was on the under btc in the orderbooks. I guess their QA environment is production? lol  **Edit, under LTC/USD not BTC you can see my post on reddit/drkcoin ** Added screenshot I took this morning. |
LTC- LKNm2UVuBgMLJNPU7pV5cgQnGx6PWGk7Ju
BTC- 1NHcECfk8oxJe83m9bPME2cdUCY72vuA2Y
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Ignition75
Sr. Member
Offline
Activity: 462
Merit: 250
www.dashpay.io
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June 01, 2014, 07:12:17 PM |
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For fucks sake guys...
Could you please do something to make this coin less popular between now and mid July???
It's really quite inconsiderate to us out there who are trying to do everything short of selling the kids to acquire more DRK.
Kidnap Evan, create some better fud, plant some hidden code in the masternodes... Do Something!
Masternode count is 288(?). ROI > 50% on these babies. You'll be doing just fine. I need to setup more nodes, spread them out a little? Or same server/vps supplier? |
The new generation have arrived and they brought their own currency...
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eltito
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June 01, 2014, 07:14:31 PM |
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yes it is rumours i have seen there drk is not added there. Taken about 2 minutes ago. This a photoshop edit? I dont see it on bitfinex now. It's gone now. The same thing happened last time they did this - word got out and they removed all the DRK references. |
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Ignition75
Sr. Member
Offline
Activity: 462
Merit: 250
www.dashpay.io
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June 01, 2014, 07:17:53 PM |
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For fucks sake guys...
Could you please do something to make this coin less popular between now and mid July???
It's really quite inconsiderate to us out there who are trying to do everything short of selling the kids to acquire more DRK.
Kidnap Evan, create some better fud, plant some hidden code in the masternodes... Do Something!
we can ask an alien race to detonate an ebomb on our planet.. that should do the trick... Nope, they will probably ask to be paid in DRK, driving the price up further... |
The new generation have arrived and they brought their own currency...
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