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

[BiteMyShinyMetalAss]

https://www.cryptocoinsnews.com/bitcoin-deposit-platform-mybitdeposit-launches-also-supporting-ltc-and-dash/

The jungle is massive!
Having 1000 DASH there for 6 months is kinda better than operating a MN at current rate. However the risk is higher.

[TanteStefana2]

https://www.cryptocoinsnews.com/bitcoin-deposit-platform-mybitdeposit-launches-also-supporting-ltc-and-dash/

The jungle is massive!
Having 1000 DASH there for 6 months is kinda better than operating a MN at current rate. However the risk is higher.

That has to be a pyramid scheme.  You can't "invest" cryptos.  They only grow or die in value.  And 24%?  Are people still that stupid?  What could they possibly be doing with coins themselves to make money.  The networks are useful, the coins - they become more and more scarce as demand grows (at least for those who don't die)  So to take a loan out on crypto is a frightening prospect.  How are you going to pay it back if the value of the coins keep growing?  So what possible kind of investment could these people be making to get 24% return?  The only way that can happen is if they started a company that is building something real, that is selling well.  Selling extremely well.  These guys are acting like they're bankers of some sort.  No, that's got to be a scam.  Seriously beware people!

[BiteMyShinyMetalAss]

https://www.cryptocoinsnews.com/bitcoin-deposit-platform-mybitdeposit-launches-also-supporting-ltc-and-dash/

The jungle is massive!
Having 1000 DASH there for 6 months is kinda better than operating a MN at current rate. However the risk is higher.

That has to be a pyramid scheme.  You can't "invest" cryptos.  They only grow or die in value.  And 24%?  Are people still that stupid?  What could they possibly be doing with coins themselves to make money.  The networks are useful, the coins - they become more and more scarce as demand grows (at least for those who don't die)  So to take a loan out on crypto is a frightening prospect.  How are you going to pay it back if the value of the coins keep growing?  So what possible kind of investment could these people be making to get 24% return?  The only way that can happen is if they started a company that is building something real, that is selling well.  Selling extremely well.  These guys are acting like they're bankers of some sort.  No, that's got to be a scam.  Seriously beware people!

Its deposit and run scheme more likely. Like most of the exchanges. However, the fact that DASH is one of the free acknowledged cryotos is still great!>

[pbleak]

What the heck happened with the markets there?

Also avoid any company that has crypto and deposit in it :p

[toknormal]

What the heck happened with the markets there?

Ethereum's getting pumped to kingdom come. Any hedging from the stock market collapse seems to be going its way and not Bitcoin's.

Other area of interest include Deutche Bank credit default swap price. Can you get any more vertical than that ?

(And that's just the stuff we know about).

[pbleak]

What the heck happened with the markets there?

Ethereum's getting pumped to kingdom come. Any hedging from the stock market collapse seems to be going its way and not Bitcoin's.

Other area of interest include Deutche Bank credit default swap price. Can you get any more vertical than that ?

(And that's just the stuff we know about).

Thanks, it produced a very odd set of graphs on coinmarketcap for a bit there but everything seems back to normal-ish (by crypto standards). Ether is looking very well indeed. I actually have all my money in there though I do keep an eye on DASH (specifically if it goes lower I will buy in again).

[Honest Tim]

Yeah, but what Tante is saying  about ease of use, surely a punter just looking to buy stuff dosn't need to be a node??

 Yes you do, but at this point it's as simple as downloading the app and running it when you want. If you want to sell, then you "need" to hve your shop online as much as possible so people see what you're selling. And there is no blockchain to worry about, it's really light

Sounds very very cool. I can just see "All items marked * will need to be paid anonymously in DASH".

[toknormal]

Dash has withstood a worldwide equity and commodity rout to the tune of $6 Trillion with a mere 1% blip today.

Can't be bad 

[Riseman]

Is anyone concerned about 20-50 BTC dumps happening daily for the past 2 weeks? Looks much like the previous "repetitive dumper" MO.

[Jestah]

Is anyone concerned about 20-50 BTC dumps happening daily for the past 2 weeks? Looks much like the previous "repetitive dumper" MO.

Don't forget that we have someone with a "trojan miner" generating DASH and dumping (assumed).

[Riseman]

Is anyone concerned about 20-50 BTC dumps happening daily for the past 2 weeks? Looks much like the previous "repetitive dumper" MO.

Don't forget that we have someone with a "trojan miner" generating DASH and dumping (assumed).

Well, AFAIK these botnets mine with CPU because GPU mining is easier to detect and quite a few PCs have compatible powerful GPUs. So it has to be a really huge botnet to generate 50 BTC worth of Dash daily which I myself find implausible.

Seems more like it's some big holder exiting while trying to sustain the price at high level. Or maybe someone is selling into his own walls to make an impression of a dump.

Anyways there should be some big movement soon because this consolidation is really long already. It's hard to choose on which side to bet though

[Jestah]

Is anyone concerned about 20-50 BTC dumps happening daily for the past 2 weeks? Looks much like the previous "repetitive dumper" MO.

Don't forget that we have someone with a "trojan miner" generating DASH and dumping (assumed).

Well, AFAIK these botnets mine with CPU because GPU mining is easier to detect and quite a few PCs have compatible powerful GPUs. So it has to be a really huge botnet to generate 50 BTC worth of Dash daily which I myself find implausible.

Seems more like it's some big holder exiting while trying to sustain the price at high level. Or maybe someone is selling into his own walls to make an impression of a dump.

Anyways there should be some big movement soon because this consolidation is really long already. It's hard to choose on which side to bet though

This is a story on the trojan I referenced.  It's using the GPU. 

http://biersteker.tweakblogs.net/blog/11915/hidden-cryptominers-in-game-torrents

That's a shitload of coins.  It does seem plausible to me.

[toknormal]

That's a shitload of coins.  It does seem plausible to me.

It's just a regular mining supply. How is it any different from any other coin's mining supply ?

Doesn't matter if a bot mines it or a human. The supply's the same and they all get continuously dumped on markets.

[Jestah]

That's a shitload of coins.  It does seem plausible to me.

It's just a regular mining supply. How is it any different from any other coin's mining supply ?

Doesn't matter if a bot mines it or a human. The supply's the same and they all get continuously dumped on markets.

Yep I agree to certain extent.  The point however is we don't know what mr./mrs. botnet is doing.  And not all miners dump.... I haven't mined Dash and dumped since way before it was called dash.....  I kick myself when I think of all the darkcoin I mined directly to Cryptsy for immediate sale.

[Riseman]

That's a shitload of coins.  It does seem plausible to me.

It's just a regular mining supply. How is it any different from any other coin's mining supply ?

Doesn't matter if a bot mines it or a human. The supply's the same and they all get continuously dumped on markets.

Also there's only about 1150 Dash mined each day if I'm correct. Which is only like 12 BTC.

[TanteStefana2]

That's a shitload of coins.  It does seem plausible to me.

It's just a regular mining supply. How is it any different from any other coin's mining supply ?

Doesn't matter if a bot mines it or a human. The supply's the same and they all get continuously dumped on markets.

Also there's only about 1150 Dash mined each day if I'm correct. Which is only like 12 BTC.

Could this be actual liquidity? a lot of people buying and selling?  Or are you sure it's one entity.  Is the price all set to a single amount or something?  We do need liquidity, it helps keep the price stable.  When there is real upward pressure, or price stability (which is what we've been seeing) I think it shows way healthier if there is good liquidity than if not.  

[Riseman]

That's a shitload of coins.  It does seem plausible to me.

It's just a regular mining supply. How is it any different from any other coin's mining supply ?

Doesn't matter if a bot mines it or a human. The supply's the same and they all get continuously dumped on markets.

Also there's only about 1150 Dash mined each day if I'm correct. Which is only like 12 BTC.

Could this be actual liquidity? a lot of people buying and selling?  Or are you sure it's one entity.  Is the price all set to a single amount or something?  We do need liquidity, it helps keep the price stable.  When there is real upward pressure, or price stability (which is what we've been seeing) I think it shows way healthier if there is good liquidity than if not.  

I was talking about 20-50 BTC volume bars which correspond to big red candles and appear several times a day. I'm not sure it's the same person but it looks like one to me. Maybe someone is preparing for the next BTC upwards movement, like the last time. Just my speculation ofc.

[toknormal]

I was talking about 20-50 BTC volume bars which correspond to big red candles and appear several times a day.

A volume bar without the chart range doesn't tell you very much.

The 5 minute chart has barely any 20BTC volume bars appearing. The 1-hour has the odd 40 BTC volume bar. The 1-day has anything between 20BTC and 150BTC volume bars every day which is normal.

All a volume bar is is the amount of trade in either direction over that time period - it doesn't necessarily mean a single trade.

To detect major dumps from the same trader you really need to go to the 1-minute chart and look for large volume bars that stand out there. Even then you can't tell it wasn't two trades in opposite directions (e.g. "fake volume").

For definitive evidence of single large single trades, you need to look at the order book history.

Here's the 1-day volume for the last couple of months. By far the biggest volume was on the pumps, not the dumps and it's generally been declining not increasing.

[Riseman]

I was talking about 20-50 BTC volume bars which correspond to big red candles and appear several times a day.

A volume bar without the chart range doesn't tell you very much.

The 5 minute chart has barely any 20BTC volume bars appearing. The 1-hour has the odd 40 BTC volume bar. The 1-day has anything between 20BTC and 150BTC volume bars every day which is normal.

All a volume bar is is the amount of trade in either direction over that time period - it doesn't necessarily mean a single trade.

To detect major dumps from the same trader you really need to go to the 1-minute chart and look for large volume bars that stand out there. Even then you can't tell it wasn't two trades in opposite directions (e.g. "fake volume").

For definitive evidence of single large single trades, you need to look at the order book history.

Here's the 1-day volume for the last couple of months. By far the biggest volume was on the pumps, not the dumps.

You're right. Exact orderbook stats are needed to tell for sure. But your picture also doesn't show that the biggest bars are buys only because the volume bar has the same color that the candle it represents, not telling if it is buy or sell volume or both.

[toknormal]

You're right. Exact orderbook stats are needed to tell for sure. But your picture also doesn't show that the biggest bars are buys only because the volume bar has the same color that the candle it represents, not telling if it is buy or sell volume or both.

It's the same as the candle colour - if the exit price for the time period is greater than the entry price then that volume is considered "buy volume". If it's lower than the entry price it's sell. Also, the On Balance Volume metric (OBV) can tell you a bit more about the volumetric trend because it's cumulative.

But chart range is everything. The same block of volume may be green on one chart and red on another. You can't tell anything about individual trades from just looking at a volume bar. The idea is that you're trading a certain range.

If you're trading the 4-hour chart, you may buy given a certain price pattern, whereas you'd sell if you were trading the 1-hour chart. "Big dumps" on a 5-minute chart may look like big pumps on a 1-hour chart.