stonehedge
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January 13, 2015, 11:21:45 AM |
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I have this gut feeling, that if DRK/BTC ratio holds, we might get more people into DRK, as this is THE COIN to be a part of in a mess like this. This is the best opportunity in a while.
I hope so. While BTC is cheap and DRK is holding....buy buy buy buy buy! |
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tungfa
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January 13, 2015, 11:31:12 AM |
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I have this gut feeling, that if DRK/BTC ratio holds, we might get more people into DRK, as this is THE COIN to be a part of in a mess like this. This is the best opportunity in a while.
I hope so. While BTC is cheap and DRK is holding....buy buy buy buy buy! I agree might come down a bit further but definately good time got another up today ; ) |
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lucas2047
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January 13, 2015, 12:13:39 PM |
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lol, and still somehow DRK "holds" against the BTC. Painful times but I'm feeling a touch of relief too.
DRK still holds? What are you talking about? DRK is down 15% in the last 24 hours. It's now worth less than $1.50 per coin. And what's worse it's daily trading volume is just $60,000. So the entire currency can lose 15% with just 60 grand of trading. Awesome. |
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OnetyOne
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January 13, 2015, 12:20:40 PM |
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lol, and still somehow DRK "holds" against the BTC. Painful times but I'm feeling a touch of relief too.
DRK still holds? What are you talking about? DRK is down 15% in the last 24 hours. It's now worth less than $1.50 per coin. And what's worse it's daily trading volume is just $60,000. So the entire currency can lose 15% with just 60 grand of trading. Awesome. And I'm just sitting here, watching exchange rates be the same. WHY did no one tell me I should only look at the dollars?  In all seriousness tho, the DRK/Dollar is down the same as BTC/Dollar is down. The exchange rate is rocking steady around .006 for a month already so what are you complaining about? |
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stonehedge
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January 13, 2015, 12:22:44 PM |
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lol, and still somehow DRK "holds" against the BTC. Painful times but I'm feeling a touch of relief too.
DRK still holds? What are you talking about? DRK is down 15% in the last 24 hours. It's now worth less than $1.50 per coin. And what's worse it's daily trading volume is just $60,000. So the entire currency can lose 15% with just 60 grand of trading. Awesome. What I stated is quite correct. |
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lucas2047
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January 13, 2015, 12:25:32 PM |
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And I'm just sitting here, watching exchange rates be the same. WHY did no one tell me I should only look at the dollars? In all seriousness tho, the DRK/Dollar is down the same as BTC/Dollar is down. The exchange rate is rocking steady for a month already so what are you complaining about? All crypto currency is down heavily. I wasn't complaining specifically about DRK, everyone is getting hit. What's slightly annoying is the sheer amount of dillusion seen on these forums when it comes to DRK. People think it's untouchable and it's obviously not. I'm a holder of BTC and I'm a holder of DRK. Both right now are extremely shitty investments, regardless of what anyone on here will try to tell you |
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lucas2047
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January 13, 2015, 12:27:42 PM |
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What I stated is quite correct.
And has very little (if any) relevance to most. If BTC becomes $100 per coin and DRK still "holds" against it, are you telling me that's a good thing? What about $10 or $1? |
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KryptoFoo
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January 13, 2015, 12:27:45 PM |
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lol, and still somehow DRK "holds" against the BTC. Painful times but I'm feeling a touch of relief too.
DRK still holds? What are you talking about? DRK is down 15% in the last 24 hours. It's now worth less than $1.50 per coin. And what's worse it's daily trading volume is just $60,000. So the entire currency can lose 15% with just 60 grand of trading. Awesome. DRK's losses today are due to decline of BTC/USD pair. The DRK/BTC pair still hold up well though. |
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stonehedge
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January 13, 2015, 12:29:00 PM |
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And I'm just sitting here, watching exchange rates be the same. WHY did no one tell me I should only look at the dollars? In all seriousness tho, the DRK/Dollar is down the same as BTC/Dollar is down. The exchange rate is rocking steady for a month already so what are you complaining about? All crypto currency is down heavily. I wasn't complaining specifically about DRK, everyone is getting hit. What's slightly annoying is the sheer amount of dillusion seen on these forums when it comes to DRK. People think it's untouchable and it's obviously not. I'm a holder of BTC and I'm a holder of DRK. Both right now are extremely shitty investments, regardless of what anyone on here will try to tell you I simply remarked that I was surprised that DRK was retaining value against the BTC (irrespective of the $ value of the BTC) and that this is painful to watch. I don't think that is delusional. I haven't seen anybody else post anything delusional either. Stating that BTC/DRK is steady is not delusional. |
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KryptoFoo
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January 13, 2015, 12:29:43 PM |
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What I stated is quite correct.
And has very little, if any, relevance to most. If BTC becomes $100 per coin and DRK still "holds" against it, are you telling me that's a good thing? What about $10 or $1? Unfortunately the idea that altcoin/bitcoin pairs will rise when bitcoin falls and vice-versa is nothing more than a fallacy. When BTC loses, altcoins lose. Yes, sucks. |
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stonehedge
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January 13, 2015, 12:30:24 PM |
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What I stated is quite correct.
And has very little, if any, relevance to most. If BTC becomes $100 per coin and DRK still "holds" against it, are you telling me that's a good thing? What about $10 or $1? Unfortunately the idea that altcoin/bitcoin pairs will rise when bitcoin falls and vice-versa is nothing more than a fallacy. When BTC loses, altcoins lose. Yes, sucks. Hence why this is painful to watch. |
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Honest Tim
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January 13, 2015, 12:36:43 PM |
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I hope there are no whales left .
The bears and whales are raping the bitcoin users . In other words, All of You are getting buttfOcked .
Where can I subscribe to your newsletter? BUMP!! |
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OnetyOne
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January 13, 2015, 12:38:39 PM |
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What I stated is quite correct.
And has very little, if any, relevance to most. If BTC becomes $100 per coin and DRK still "holds" against it, are you telling me that's a good thing? What about $10 or $1? Unfortunately the idea that altcoin/bitcoin pairs will rise when bitcoin falls and vice-versa is nothing more than a fallacy. When BTC loses, altcoins lose. Yes, sucks. Hence why this is painful to watch. Can't be unseen but (to keep the mind at ease) I try to to focus on profit in terms of coin quantity by exchanging back/forth. PS: your buy order @.006?  |
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lucas2047
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January 13, 2015, 12:43:41 PM |
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I simply remarked that I was surprised that DRK was retaining value against the BTC (irrespective of the $ value of the BTC) and that this is painful to watch.
I don't think that is delusional. I haven't seen anybody else post anything delusional either. Stating that BTC/DRK is steady is not delusional. Obviously I'm missing something here. If BTC goes down (compared to the $) and DRK goes down (compared to the $), then the DRK/BTC rate will remain the same. It would never go up significantly (or down significantly), because that would fuck up the dollar comparison and people could make a ton of money buying and selling at will. So really the whole BTC/DRK comparison is pretty meaningless. What really matters in today's World is BTC/USD and DRK/USD. Both of which are falling dramatically |
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toknormal
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January 13, 2015, 12:46:27 PM |
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And has very little (if any) relevance to most.
If BTC becomes $100 per coin and DRK still "holds" against it, are you telling me that's a good thing? What about $10 or $1?
Maybe he isn't but I'm telling you it's a "good thing". I always monitor the DRK / BTC ratio and regard the DRK dollar price as irrelevant. If you want to day trade against the dollar use Bitcoin or Litecoin because those are the side of crypto that faces towards the fiat markets. The only reason DRK has a dollar price is because Bitcoin does, so the only indicator that actually tells you how DRK is doing valuation wise is the DRK/BTC ratio. |
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toknormal
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January 13, 2015, 12:47:16 PM |
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So really the whole BTC/DRK comparison is pretty meaningless. What really matters in today's World is BTC/USD and DRK/USD. Both of which are falling dramatically This is nonsense. |
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stonehedge
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January 13, 2015, 12:51:32 PM |
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I simply remarked that I was surprised that DRK was retaining value against the BTC (irrespective of the $ value of the BTC) and that this is painful to watch.
I don't think that is delusional. I haven't seen anybody else post anything delusional either. Stating that BTC/DRK is steady is not delusional. Obviously I'm missing something here. If BTC goes down (compared to the $) and DRK goes down (compared to the $), then the DRK/BTC rate will remain the same. It would never go up significantly (or down significantly), because that would fuck up the dollar comparison and people could make a ton of money buying and selling at will. So really the whole BTC/DRK comparison is pretty meaningless. What really matters in today's World is BTC/USD and DRK/USD. Both of which are falling dramatically Re read my posts and you will see that you are missing that at no point did I say that DRK/BTC parity is a good thing or a bad thing. I remarked that I was surprised that it was steady but it is painful to watch the decline in BTC value. I didn't even really express a positive or negative opinion other than hinting by saying it is painful to watch. I would however counter your argument about BTC/DRK being meaningless on the basis that there isn't really a thriving DRK/USD market so the BTC/DRK pair is about as meaningful as it can get! |
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lucas2047
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January 13, 2015, 12:52:25 PM |
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I always monitor the DRK / BTC ratio and regard the DRK dollar price as irrelevant. This makes no sense to me at all. Surely the DRK/BTC price will keep the same ratio as the BTC/USD price in relation to the DRK/USD price. Meaning you wouldn't get BTC/USD and DRK/USD dropping and DRK/BTC rising. They are all in sync with one another. Otherwise you'd be able to a ton of cash trading the differences, which I'm assuming isn't possible. So essentially monitoring the DRK/BTC price is the same as monitoring the USD ratio equivalent |
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stonehedge
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January 13, 2015, 12:53:02 PM |
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PS: your buy order @.006? Unfortunately not. Couldn't get BTC to Cryptsy in time. |
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stonehedge
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January 13, 2015, 12:53:33 PM |
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I always monitor the DRK / BTC ratio and regard the DRK dollar price as irrelevant. This makes no sense to me at all. Surely the DRK/BTC price will keep the same ratio as the BTC/USD price in relation to the DRK/USD price. Meaning you wouldn't get BTC/USD and DRK/USD dropping and DRK/BTC rising. They are all in sync with one another. Otherwise you'd be able to a ton of cash trading the differences, which I'm assuming isn't possible. So essentially monitoring the DRK/BTC price is the same as monitoring the USD ratio equivalent Are you arguing with yourself? |
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