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

[afbitcoins]

Whats happening to Dash price this is crazy?

[pufuletz]

So when's the next gimmick scheduled to pump/dump this? Just want to be in position for that.

[UdjinM6]

After watching polo lending market, the last two days, my interpretation is that these sells are mostly margin based, has someone else observed it, or even more insight?

That can be the cause. Since Dash can be margin-traded it is profitable in both directions for traders. And it seems to be easier to cause a long downtrend than a rise now. Especially when there is no demand.

But also I don't get the purpose of the sell wall at 0.015. It's obvious price won't go there anytime soon. Then why doesn't he move it lower or sell into buy orders? All the support walls were either dumped into or mostly moved to 0.006 or pulled.

I think you actually nailed it and that's exactly the purpose - to accumulate more Dash at lower, more comfortable (for buyer) prices. That sell wall is actually quite reassuring  

[thevictimofuktyranny]

Relax, take a deep breath, in 3 weeks time the Bitcoin Block Halving will have finished

Then, for exactly 4 years nothing of interest will be happening on Bitcoin network, opportunities for speculative increases in the BTC dollar price will disappear.

Between those 4 years, there will be 8 significant changes in ASIC mining equipment on the Bitcoin Network.

The Dash BTC price will appreciate again and in those 4 years there will be a significant decrease in daily new coin production on Dash Network.

And, of course, the developers of Dash will, in all likelihood, produce a new breathtaking innovation

[SolomonRising]

Dash, this is most definitely the next big thing.  Go go silkroad 3.0^n...

[megges]

After watching polo lending market, the last two days, my interpretation is that these sells are mostly margin based, has someone else observed it, or even more insight?

and another market sell of 1000+ dash and lending markets offers reduced of these 1000+ dash ...

i guess he's trying to get some momentum here, after 0.01 is one of these physiological even number ... i must say he seems to have balls of steels shorting @0.01 instead of 0.02 a month ago :O

[SolomonRising]

And, of course, the developers of Dash will, in all likelihood, produce a new breathtaking innovation

Gasp:  Like another 50% premine/instamine?  Tootles...

[qwizzie]

Some trolls in here lack understanding, which prevents knowledge of the Holy One.

[SolomonRising]

Some trolls in here lack understanding, which prevents knowledge of the Holy One.

I know, right? 

[DARKHOLDER]

Whats happening to Dash price this is crazy?

This is just better for newcomers to set their MN at prices 3-5$ ...per Dash.

[stealth923]

Someone has been trying very hard for the past few weeks to drive the price down as hard as possible. Looks like they are succeeding for now. Good chance to get our masternode numbers over the 4000 mark.

[SolomonRising]

This is just better for newcomers to set their MN at prices 3-5$ ...per Dash.

Really great buy at that level.  It's gonna pop hard.  10 fold.

[Lebubar]

Yes, I'm already more than half for my next MN. Tks to this price.

Don't forget guys, MN give you a reward of more than 10% a year, that's why it's increasing. Don't miss this great opportunity to make Dash easily =)

Also it seems that NEM (/XEM) took our 6th rank (temporally), what I understood is that they are putting/copying some Dash feature in it, but on the easy/weak not so decentralized manner.
We'll see if better rush and make bad things, than take time and build a great system (that's make me think of some recent fiasco about eth/TheDao :/ )

[megges]

Someone has been trying very hard for the past few weeks to drive the price down as hard as possible. Looks like they are succeeding for now. Good chance to get our masternode numbers over the 4000 mark.

thats exactly what im seeing, too. The last days if bitcoin went down and normally dash goes up to hold it's $ value, someone is putting walls and is market selling dash, just to suppress the natural (because of btc selloff) up correction of dash.

Like i said in a post before, i think he has balls of steel, but for the sake of dash price - i wish that the price jumps just back in his face, faster than he could close his massive short

[r4vani]

Whats happening to Dash price this is crazy?

as i said before mafia bitcoin (big holder) controls the dash market.

[toknormal]

Futures markets open. Gold taking off again.

Absorbing Brexit.

[ddink7]

After watching polo lending market, the last two days, my interpretation is that these sells are mostly margin based, has someone else observed it, or even more insight?

That can be the cause. Since Dash can be margin-traded it is profitable in both directions for traders. And it seems to be easier to cause a long downtrend than a rise now. Especially when there is no demand.

But also I don't get the purpose of the sell wall at 0.015. It's obvious price won't go there anytime soon. Then why doesn't he move it lower or sell into buy orders? All the support walls were either dumped into or mostly moved to 0.006 or pulled.

Unfortunately our market is heavily manipulated. That sell wall at 0.015 is almost certainly fake, meaning it would vanish as soon as someone bought into it. The way margin selling (short selling) works is that I can put $100,000 in BTC on Poloniex and then open a margin sell order for $250,000 worth of any crypto that is margin tradeable, including Dash. I can, of course, pull the sell order any time I want to. What does this mean? The person who put out that sell wall at .015 probably doesn't even own one single Dash! (This wouldn't effect lending rates either, since technically no part of that order has been filled, so no Dash has actually been borrowed.)

We also had a massive, almost 50k buywall at 0.013 that got partially bought into and then pulled back to the .009 - .01 area. Then it got cut in half and pulled back to the .006 area. What that means is somebody is trying to make the market *think* that a "floor" has been set. In reality, those orders keep getting pulled every time the price comes anywhere close, so they are also obviously fake. (The wall at .013 may have been intended as "real," but was heavily bought into when BTC rose above $600.) Unfortunately, when traders see massive "support" walls pulled, they assume that somebody is trying to artificially boost the price, which damages confidence.

[spatula]

After watching polo lending market, the last two days, my interpretation is that these sells are mostly margin based, has someone else observed it, or even more insight?

That can be the cause. Since Dash can be margin-traded it is profitable in both directions for traders. And it seems to be easier to cause a long downtrend than a rise now. Especially when there is no demand.

But also I don't get the purpose of the sell wall at 0.015. It's obvious price won't go there anytime soon. Then why doesn't he move it lower or sell into buy orders? All the support walls were either dumped into or mostly moved to 0.006 or pulled.

Unfortunately our market is heavily manipulated. That sell wall at 0.015 is almost certainly fake, meaning it would vanish as soon as someone bought into it. The way margin selling (short selling) works is that I can put $100,000 in BTC on Poloniex and then open a margin sell order for $250,000 worth of any crypto that is margin tradeable, including Dash. I can, of course, pull the sell order any time I want to. What does this mean? The person who put out that sell wall at .015 probably doesn't even own one single Dash! (This wouldn't effect lending rates either, since technically no part of that order has been filled, so no Dash has actually been borrowed.)

We also had a massive, almost 50k buywall at 0.013 that got partially bought into and then pulled back to the .009 - .01 area. Then it got cut in half and pulled back to the .006 area. What that means is somebody is trying to make the market *think* that a "floor" has been set. In reality, those orders keep getting pulled every time the price comes anywhere close, so they are also obviously fake. (The wall at .013 may have been intended as "real," but was heavily bought into when BTC rose above $600.) Unfortunately, when traders see massive "support" walls pulled, they assume that somebody is trying to artificially boost the price, which damages confidence.

Really? I lend on polo but did not know this. So the lending doesn't actually happen until the borrower has actually sold the borrowed coins? If that's the case, that makes for some very easy price manipulation with very little risk to the manipulator.

[ddink7]

After watching polo lending market, the last two days, my interpretation is that these sells are mostly margin based, has someone else observed it, or even more insight?

That can be the cause. Since Dash can be margin-traded it is profitable in both directions for traders. And it seems to be easier to cause a long downtrend than a rise now. Especially when there is no demand.

But also I don't get the purpose of the sell wall at 0.015. It's obvious price won't go there anytime soon. Then why doesn't he move it lower or sell into buy orders? All the support walls were either dumped into or mostly moved to 0.006 or pulled.

Unfortunately our market is heavily manipulated. That sell wall at 0.015 is almost certainly fake, meaning it would vanish as soon as someone bought into it. The way margin selling (short selling) works is that I can put $100,000 in BTC on Poloniex and then open a margin sell order for $250,000 worth of any crypto that is margin tradeable, including Dash. I can, of course, pull the sell order any time I want to. What does this mean? The person who put out that sell wall at .015 probably doesn't even own one single Dash! (This wouldn't effect lending rates either, since technically no part of that order has been filled, so no Dash has actually been borrowed.)

We also had a massive, almost 50k buywall at 0.013 that got partially bought into and then pulled back to the .009 - .01 area. Then it got cut in half and pulled back to the .006 area. What that means is somebody is trying to make the market *think* that a "floor" has been set. In reality, those orders keep getting pulled every time the price comes anywhere close, so they are also obviously fake. (The wall at .013 may have been intended as "real," but was heavily bought into when BTC rose above $600.) Unfortunately, when traders see massive "support" walls pulled, they assume that somebody is trying to artificially boost the price, which damages confidence.

Really? I lend on polo but did not know this. So the lending doesn't actually happen until the borrower has actually sold the borrowed coins? If that's the case, that makes for some very easy price manipulation with very little risk to the manipulator.

I'm 90% sure, but maybe somebody could confirm? Don't have access to any funds right now to test (at work).

My understanding is that I can create a limit margin sell order at 0.015, and since the price is not yet 0.015, the order will be entered but there will no Dash borrowed since there is no Dash sold. I could be wrong though...

[ImI]

After watching polo lending market, the last two days, my interpretation is that these sells are mostly margin based, has someone else observed it, or even more insight?

That can be the cause. Since Dash can be margin-traded it is profitable in both directions for traders. And it seems to be easier to cause a long downtrend than a rise now. Especially when there is no demand.

But also I don't get the purpose of the sell wall at 0.015. It's obvious price won't go there anytime soon. Then why doesn't he move it lower or sell into buy orders? All the support walls were either dumped into or mostly moved to 0.006 or pulled.

Unfortunately our market is heavily manipulated. That sell wall at 0.015 is almost certainly fake, meaning it would vanish as soon as someone bought into it. The way margin selling (short selling) works is that I can put $100,000 in BTC on Poloniex and then open a margin sell order for $250,000 worth of any crypto that is margin tradeable, including Dash. I can, of course, pull the sell order any time I want to. What does this mean? The person who put out that sell wall at .015 probably doesn't even own one single Dash! (This wouldn't effect lending rates either, since technically no part of that order has been filled, so no Dash has actually been borrowed.)

We also had a massive, almost 50k buywall at 0.013 that got partially bought into and then pulled back to the .009 - .01 area. Then it got cut in half and pulled back to the .006 area. What that means is somebody is trying to make the market *think* that a "floor" has been set. In reality, those orders keep getting pulled every time the price comes anywhere close, so they are also obviously fake. (The wall at .013 may have been intended as "real," but was heavily bought into when BTC rose above $600.) Unfortunately, when traders see massive "support" walls pulled, they assume that somebody is trying to artificially boost the price, which damages confidence.

Really? I lend on polo but did not know this. So the lending doesn't actually happen until the borrower has actually sold the borrowed coins? If that's the case, that makes for some very easy price manipulation with very little risk to the manipulator.

I'm 90% sure, but maybe somebody could confirm? Don't have access to any funds right now to test (at work).

My understanding is that I can create a limit margin sell order at 0.015, and since the price is not yet 0.015, the order will be entered but there will no Dash borrowed since there is no Dash sold. I could be wrong though...

you are wrong. those Dash have to be lent at the moment you put them into the orderbook.