lucas2047
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Activity: 44
Merit: 0
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January 13, 2015, 12:59:45 PM |
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Are you arguing with yourself?
No? Suprised I've not been called a troll yet though (or placed on ignore) for dare questioning the almighty DRK! I simply do not understand why monitoring the DRK/BTC price makes any sense. To me it's the same as monitor the USD equivalents. They are all based around that at the end of the day |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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Terzo2
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January 13, 2015, 01:01:53 PM |
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Its just too painful to watch ! RIP crypto
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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January 13, 2015, 01:02:17 PM |
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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. I'd say the DRK / BTC ratio drives the DRK dollar price, not the other way around. That's because the BTC / USD market volume far outwighs the DRK / USD volume. So: DRK($) = BTC($) x (DRK/BTC ratio) |
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Terzo2
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January 13, 2015, 01:04:14 PM |
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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. I'd say the DRK / BTC ratio drives the DRK dollar price, not the other way around. That's because the BTC / USD market volume far outwighs the DRK / USD volume. So: DRK($) = BTC($) x (DRK/BTC ratio) Thats why you all pray for Bitcoin ! |
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AlexGR
Legendary
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Activity: 1708
Merit: 1049
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January 13, 2015, 01:05:58 PM |
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Are you arguing with yourself?
No? Suprised I've not been called a troll yet though (or placed on ignore) for dare questioning the almighty DRK! I simply do not understand why monitoring the DRK/BTC price makes any sense. To me it's the same as monitor the USD equivalents. They are all based around that at the end of the day As I see it, it depends on the investment horizon one has. If you are invested into crypto for the long run, it doesn't matter what price BTC has today, in a month or six months. It might interest you though what its price would be in two years. And if you can multiply your USD-equivalent of your portfolio in said timeframe by investing in altcoins that outperform BTC, all the better. If, on the other hand, you are a day trader where you pick up massive losses by buying high and selling low, that's another issue altogether. |
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stonehedge
Legendary
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Activity: 1652
Merit: 1002
Decentralize Everything
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January 13, 2015, 01:06:42 PM |
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Are you arguing with yourself?
No? Suprised I've not been called a troll yet though (or placed on ignore) for dare questioning the almighty DRK! I simply do not understand why monitoring the DRK/BTC price makes any sense. To me it's the same as monitor the USD equivalents. They are all based around that at the end of the day I haven't noticed you question our super mighty perfect currency yet. OK, let me explain from my point of view. I sold 10k DRK in September. In order to do this I had to sell them for BTC and then sell the BTC for FIAT. This is because any existing DRK/USD markets are too low volume to provide value for money. In order to gauge the value of my DRK I monitor the best DRK/BTC price on the main exchanges and then calculate the FIAT value of my DRK based on the best BTC/GBP market that I can find. This gives me the most FIAT for my DRK. In order to do this, I cannot simply monitor DRK/USD or BTC/USD. DRK/BTC is key. |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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January 13, 2015, 01:07:51 PM |
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I think I might join in the BTC dumpfest if the 4-hour comes back up, but I'm not holding my breath.
A lot of BTC can be made at these levels because the percentage swings are now becoming huge with the low price. (Of course a lot can be lost as well with crap trading).
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stonehedge
Legendary
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Activity: 1652
Merit: 1002
Decentralize Everything
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January 13, 2015, 01:09:45 PM |
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I think I might join in the BTC dumpfest if the 4-hour comes back up, but I'm not holding my breath.
A lot of BTC can be made at these levels because the percentage swings are now becoming huge with the low price. (Of course a lot can be lost as well with crap trading).
I'm an awful trader therefore I just don't do it. On a happier note one of my masternodes got a payment over 3DRK earlier. Nice! |
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KryptoLyding
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January 13, 2015, 01:11:19 PM |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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January 13, 2015, 01:14:37 PM |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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January 13, 2015, 01:17:06 PM |
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I'm an awful trader therefore I just don't do it. Then again I might not. The cost in nerves is pretty high and I'm quite relaxed right now despite the situation in crypto. If I start trading BTC my blood pressure will be sky high by the end of the week and I'll be lucky if I make anything. Maybe just give it a miss and enjoy life instead. |
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OnetyOne
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January 13, 2015, 01:30:43 PM |
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I'm quite relaxed right now despite the situation in crypto.
I concur. Sit back, enjoy the panick and profit. |
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AlexGR
Legendary
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Activity: 1708
Merit: 1049
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January 13, 2015, 01:33:00 PM |
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I think I might join in the BTC dumpfest if the 4-hour comes back up, but I'm not holding my breath.
A lot of BTC can be made at these levels because the percentage swings are now becoming huge with the low price. (Of course a lot can be lost as well with crap trading).
When you have no clue of the motives or the nature of the BTCs being dumped you cannot assume any profit-making possibility. I dumped a few DRKs when it was around 0.003x (and someone was selling even lower at 0.002x) so I was like "ok I'll buy more from the dumper". The rationale was sell @ 0.003x and buy back at high 0.002x or low 0.0003x... it didn't happen and lost these DRKs for nothing. I had to accept my bad trade and rebuy (less of them) at 0.0045. When the dumping is massive and irrational it's probably hacked / stolen coins. You can't tell when the dump is ending, how low the dumper is going etc etc. It's pretty risky stuff. The success of a "good trade" is really a gamble under these circumstances (if you want to sell and rebuy). What's less of a gamble is having orders set to buy oversold levels (-20% or more from prior market value). Stuff tends to spike back up after dumps. Usually... |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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January 13, 2015, 01:39:30 PM
Last edit: January 13, 2015, 01:55:44 PM by toknormal |
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The rationale was sell @ 0.003x and buy back at high 0.002x or low 0.0003x... it didn't happen and lost these DRKs for nothing You might have lost them to me cos I bought a pile when it was down there - I didn't see it going any lower. Thats how I got my second masternode. When the dumping is massive and irrational it's probably hacked / stolen coins. You can't tell when the dump is ending, how low the dumper is going etc etc. It's pretty risky stuff....Stuff tends to spike back up after dumps. Usually...
Great advice. You might have saved my bacon (For the second time  ) |
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Artoodeetoo
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January 13, 2015, 02:00:38 PM |
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I bought 0.5 BTC more yesterday as I thought I would take advantage of the "cheap" BTC situation.. Just goes to show what I know...
Normally when there is despair all around that is the time to buy (when you put the retrospective glasses on and become wise after the event).. It just does not always feel right at the time, as people prefer to buy into a rising market...
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DASH #DashDC #DashIntoDigitalCash
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TanteStefana2
Legendary
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Activity: 1260
Merit: 1001
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January 13, 2015, 02:32:44 PM |
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Thank you, gonna read in a bit ......cut.....
So, for example, we all expect DRK to appreciate dramatically against BTC and the USD. If you took out a loan in DRK, converted it to USD and then two years later had to pay the DRK back (so you had to then get USD and convert it back to DRK), yes you're likely to be seriously disadvantaged and find you have to payback way way more USD than you originally received when you converted your borrowed DRK. But, think about if things are far more progressed along in terms of adoption and you can buy many goods and services in DRK, then it's a different situation altogether because if you don't convert your borrowed DRK into anything else, but just keep it as DRK to use, then provided you're making money within the DRK economy (i.e. spending DRK, getting paid in DRK) any loan will only be subject to whatever interest you agreed on under the terms and what you pay back will just be the original DRK (principal) plus interest..... cut......
I don't think it has anything to do with fiat. At the moment the growth is from more and more people participating in the crypto economy. It's currently pretty balanced, with probably a little inflation due to most cryptos producing more coins now than in the future. The hope is that by the time the inflationary aspects of cryptos slow down, the rewards will also be limited. Still, it's the supply and demand of coins I'm talking about, and it doesn't matter if you ever touch fiat. Unless demand is saturated, you'd be in trouble with a loan. Why do I worry? Because this is the coin of the unbanked world! They aren't even aware of it yet! If this works, when they start to invest in coins, demand is going to explode! I guess it just will have to mature and stabilize, if possible, before such loans will be possible. Or else some other mechanism will have to be put into place. I'm sure someone will come up with something.... I'm just not bright enough in economics, LOL Ugh, gotta run again Will catch up later I hope, looks like so much good discussion going on! |
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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thelonecrouton
Legendary
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Activity: 966
Merit: 1000
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January 13, 2015, 02:48:12 PM |
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DRK/BTC or DRK/USD - both are both of limited utility, the only ultimately useful metrics for currency value are its SWH (Sex Worker Hours) and LB (Lead Bullion) ratios.
Fundamentals!
Sadly, both DRK/SWH and DRK/LB are currently not too good.
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sergiokkl
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January 13, 2015, 03:23:08 PM |
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when the price of drk/btc will be affected by the price of btc/usd?
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OnetyOne
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January 13, 2015, 03:36:23 PM |
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when the price of drk/btc will be affected by the price of btc/usd?
The price of DRK will rise and fall with the price of BTC (up and about the same). You're talking about the exchange rate wich, altough interlaced, is a different story. |
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Artoodeetoo
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January 13, 2015, 03:46:50 PM |
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Is this the darkcoin multipool I should use?
xpool.ca
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DASH #DashDC #DashIntoDigitalCash
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