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

[afbitcoins]

I think the point was about serious investors, for many serious investors even bitcoin itself might not be big and liquid enough yet to be considered, dash will be so far off the radar it won't even be noticed, number 30 in the ranking does not attract much attention. Of course you can get a capital growth in dash if or when it has a big speculative rise in value. As it has done once before during the last altcoin boom and bitcoin scaling wars. I think we are all pulling assumptions out of our asses, Ryan Taylor and the masternode community in particular, some of them may have truth in them but I don't buy it that punishing miners will decrease circulating inflation as a way of improving store of value. That is a huge assumption and nothing like a fact. So it goes on both sides of this debate.

For me I like to look on technical picture, it can be interpreted different ways too but it can give an edge. Dash has fallen below an important support level and so far tested resistance but not broken back above. It needs to get back above or all that is happening is Dash is still in a confirmed bear market. Which will not lead to capital growth. This sums up all the assumptions in one picture, and so far it is still bearish.

I think the argument that 40% of dash are mined by miners with approximately zero cost basis hurts store of value is very difficult to argue against. Which is why some people avoid answering that. how that can help in terms of store of value? its like air leaking out of a puncture in a ball you are trying to inflate.

However the next alt boom will benefit Dash. Especially if payment suddenly become the in vogue, desired feature. Even then store of value will trump that as the most important feature I would think.

The scenario of a sudden change to give miners a very high reward allocation, eg 90% or something is a very interesting one to ponder. No doubt all or many of the masternode holders who value the free income above all else, will sell and price will fall initially, this may create a cascading effect. However in the depths of a bear market it may be that more are die hard hodlers than you think. Its very hard to gauge how many masternodes would sell. The ones who are left would be ones who believe in store of value or don't care about their own reward income as much as caring about the dash network itself. In my opinion this would leave dash in the hands of the right set of people  to take dash forward. Store of value should be the foundation on which everything else sits on top. There could be a situation where miners start to be very attracted to dash because of the higher allocation, scarcity increases. Its suddenly harder to get dash cheaply price rises. Now you can imagine a situation where fear of missing out grabs some who sold. Dash price rising. They think of the value that their masternode(s) would have been worth if they'd kept instead of selling, the lost dash income suddenly not seeming so important. It would be very volatile most likely. It would also be worth it.

Its all fun speculation. As for me I have sold a big proportion of my dash. I'm still deciding how much of my portfolio to allocate to dash. Dash is not attractive to me under the current circumstances of too  much mined at zero cost coins hitting the market. If this changes like in the scenario described of a sudden increase in miner allocation I would love to reinvest back into dash. I think if rewarded properly the masternode layer and all the features it brings are very valuable and could give dash an edge. As it stands it hurts store of value too much.

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[qwizzie]

So strange to see that some people are actually willing to sell a large portion of their crypto at the very height of an Altcoins bear market (when Altcoins prices are low).

I have been doing the exact opposite, buying on the open market where i can and staking that Dash where i feel that can be done in a somewhat secure way (trusted solutions like Binance or StakeHound or other services are of course not without risk, only invest what you can afford to loose).

Well, good luck with your sell decision afbitcoins. Time will tell if that was a wise move. I guess you gave up on the 'selling during the first big Dash pump', that you previously announced. And thank you thunderjet, for making me take a closer look today at Dash locked staking on a certain exchange.

One last thing i forgot to mention from the Dash Core Group Quarterly Call : Dash Platform & DashPay are scheduled to be launched on Dash Mainnet in Q1 of 2021.

To those wondering what Dash Platform is, here are 5 very short videos explaining what Dash has been working on for the last 5 years, and which is getting close to release on Dash Testnet (Q4 2020) and on Dash Mainnet (Q1 2021) :

Dash is Becoming a Cloud | Dash Platform #1
https://www.youtube.com/watch?v=9WqUMrIN58Q

What is Dash Drive? | Dash Platform #2
https://www.youtube.com/watch?v=14N5pnl5W0Y

What is Dash's Decentralized API? (DAPI) | Dash Platform #3
https://www.youtube.com/watch?v=S0pq-qOu9cQ

Usernames & Dash Platform Name Service (DPNS) | Dash Platform #4
https://www.youtube.com/watch?v=qQ4WikHu32E

What is Dash Platform Protocol? (DPP) | Dash Platform #5
https://www.youtube.com/watch?v=y8LDANH6Ggw&feature=youtu.be

[afbitcoins]

Yes thats a nice golden rule. the tricky part is knowing when the highs and lows are. I suspect many wish they sold at that top when looking back now. Why didn't you? You could have multiple more masternodes now if you sold then and bought back now. The benefit of hindsight. I waited quite a long time for another dash pump to sell on a high, it never came, instead dash falling through an  important support level. Not ideal selling at a 'low' . Unless it keeps going lower of course. I'm talking versus bitcoin not fiat by the way. Time will tell if I made the right decision. Many of my trading decisions have turned out wrong. But what I can say is for some time I've felt overinvested in dash. My own fault. I feel more relaxed about it now.

[qwizzie]

Top 20 Crypto Assets, ranked according marketcap and category



Source :

https://coinmarketcap.com/coins/
https://coinmarketcap.com/tokens/
https://messari.io

Date : 1st of November 2020

Previous Top 20 Crypto Assets, ranked according marketcap and category : https://bitcointalk.org/index.php?topic=421615.msg55293078#msg55293078
Date : 1st of October 2020

Dash decreased marketcap and increased its 'Down from ATH' price percentage

Marketcap                    : From $687,911,254
                                     To     $687,734,681

Monthly Change % : -0,03%

Price Down from ATH % : From -95,71%
                                      To     -95,73%    

Monthly Change % : -0,02%

Bitcoin Marketcap Dominance : from 57,5%
                                              to     63,6%

Next Top 20 Crypto Assets, ranked according marketcap and category overview : 1st of December 2020
Planned Time Interval : Monthly

[tbct_mt2]

So strange to see that some people are actually willing to sell a large portion of their crypto at the very height of an Altcoins bear market (when Altcoins prices are low).

They are losers and they will return to buy altcoins again when bull run almost hit its peak. At early weeks of bull run, they will be fear of fake bull run.

I have been doing the exact opposite, buying on the open market where i can and staking that Dash where i feel that can be done in a somewhat secure way (trusted solutions like Binance or StakeHound or other services are of course not without risk, only invest what you can afford to loose).

If I can wait for 3 years to see bitcoin began its bull run after its bubble in 2017, I can wait more than 1 year for DASH.

Monthly Change % : -0,03%

Price Down from ATH % : From -95,71%
                                      To     -95,73%     

Monthly Change % : -0,02%

Bitcoin Marketcap Dominance : from 57,5%
                                              to     63,6%

The price for last month is not bad, not change negatively from previous month. Volume is very low in the last month. I can wait for the flight to above $100 next year.
https://coinmarketcap.com/currencies/dash/

[qwizzie]

Monthly Change % : -0,03%

Price Down from ATH % : From -95,71%
                                      To     -95,73%    

Monthly Change % : -0,02%

Bitcoin Marketcap Dominance : from 57,5%
                                              to     63,6%

The price for last month is not bad, not change negatively from previous month. Volume is very low in the last month. I can wait for the flight to above $100 next year.
https://coinmarketcap.com/currencies/dash/

I have adjusted my overview to include a '-' to negative percentages in 'Monthly Change %'. So there is now color differentiation and '-' to see if it is positive or negative percentage.
That should make things more clear at first sight, in the overview itself.  

But considering how small the 'Monthly Change %' is for both Dash marketcap and Dash price % down from ATH, it is very minor. Dash almost acted like a stable coin this last month  
Specially when you compare Dash (-0,02%) with Tezos (-9,60%) or Binance Coin (-5,25%) or Bitcoin SV -3,32%).

[Tungi17]

Dash Community Q&A - Q3 2020 Summary Call
https://www.dash.org/forum/threads/community-q-a-q3-2020-summary-call.50862/

[qwizzie]

Two decision proposals were just dumped on the Dash network without any pre-discussion on its specifics on either dash.org/forum, DashPay Reddit or Dash Nation Discord.
You can read about them here :

Decision Proposal: Increase Proposal System Flexibility & Efficiency
https://www.dash.org/forum/threads/decision-proposal-increase-proposal-system-flexibility-efficiency.50873/

[DCG Plan] - https://app.dashnexus.org/proposals/decision-vote-improve-proposal-system-dcg-plan/overview
[MNO Plan] - https://app.dashnexus.org/proposals/decision-vote-improve-proposal-system-mno-plan/overview

Here are some of the specifics :

The voting and proposal process consists of two phases:

Phase 1 - the two proposal options are evaluated against each other
Phase 2 - the favored option from Phase 1 is evaluated against our current system


In Phase 1 (this phase) you are asked to vote for which option you prefer. Regardless of degree, the option with the most net yes votes will proceed to the next phase. DCG will implement the Phase 2 upgrade option if it exceeds the normal 10% criterion of 10% net yes votes in Phase 2. In the unlikely event the higher ranked proposal exceeds the 10% net yes votes during Phase 1, Phase 2 would not be necessary.

Unfortunately Dash Central is not showing these two decision proposals, most likely because Insight has crashed (which it has been doing a lot lately),
maintenance and a correct working of Insight is the responsibility of Dash Core Group.

Since Dash Central is the place where most of the discussions & voting takes place, the whole thing is in a bit of a mess right now.

Update : Dash Central has restarted insight and both decision proposals are now visible

https://www.dashcentral.org/p/decision-vote-improve-proposal-system-mn
https://www.dashcentral.org/p/decision-vote-improve-proposal-system-dc

[Dahaa]

Which of these coins is testing a new bottom every day? I don't even know what to compare the best coin with!

Monthly Change % : -0,03%

Price Down from ATH % : From -95,71%
                                      To     -95,73%    

Monthly Change % : -0,02%

Bitcoin Marketcap Dominance : from 57,5%
                                              to     63,6%

The price for last month is not bad, not change negatively from previous month. Volume is very low in the last month. I can wait for the flight to above $100 next year.
https://coinmarketcap.com/currencies/dash/

I have adjusted my overview to include a '-' to negative percentages in 'Monthly Change %'. So there is now color differentiation and '-' to see if it is positive or negative percentage.
That should make things more clear at first sight, in the overview itself.  

But considering how small the 'Monthly Change %' is for both Dash marketcap and Dash price % down from ATH, it is very minor. Dash almost acted like a stable coin this last month  
Specially when you compare Dash (-0,02%) with Tezos (-9,60%) or Binance Coin (-5,25%) or Bitcoin SV -3,32%).

[toknormal]

Which of these coins is testing a new bottom every day? I don't even know what to compare the best coin with!

The margin-parity price of a masternode is around $6000-$7000 (being generous) given $30 a month of hosting costs and around 10% operating margin. (Assuming miners are viable on average at that margin also). So conceivably we may stabilise anywhere between here and that level.

The beauty of that price would be that everybody's priorities would be satisfied:

 • masternodes would still be getting their beloved 50% reward ratio, or whatever it is
 • miners would still be viable because difficulty adjustments always save them
 • the market would be getting value for its investment in both mining blocks and masternode blocks since a much larger proportion of the sale of a masternode coin is going towards service provision

That's the price at which all 3 interests are reconciled under current protocol conditions.

There's only 1 loser: cruise-line operators

[JollyGood]

I see you are still trying to show the doubters how wrong and misguided they are but those that want to dismiss it and stick with their own views will continue to do so no matter how hard you try to enlighten them. DASH is doing well but some see something different.

On a side note, the one that stands out from the image was in the tokens section: Chainlink. How much longer with that drama go on before the whole thing collapses on itself? And "crypto.com coin" is another joke, the team behind the Monaco card which was renamed crypto.com decided they did not make enough to make themselves rich with the ICO that launched the card so they created "crypto.com coin" and sold more tokens under the guise of blockchains and whatnots 

Top 20 Crypto Assets, ranked according marketcap and category



Source :

https://coinmarketcap.com/coins/
https://coinmarketcap.com/tokens/
https://messari.io

Date : 1st of November 2020

Previous Top 20 Crypto Assets, ranked according marketcap and category : https://bitcointalk.org/index.php?topic=421615.msg55293078#msg55293078
Date : 1st of October 2020

Dash decreased marketcap and increased its 'Down from ATH' price percentage

Marketcap                    : From $687,911,254
                                     To     $687,734,681

Monthly Change % : -0,03%

Price Down from ATH % : From -95,71%
                                      To     -95,73%    

Monthly Change % : -0,02%

Bitcoin Marketcap Dominance : from 57,5%
                                              to     63,6%

Next Top 20 Crypto Assets, ranked according marketcap and category overview : 1st of December 2020
Planned Time Interval : Monthly

[qwizzie]

I see you are still trying to show the doubters how wrong and misguided they are but those that want to dismiss it and stick with their own views will continue to do so no matter how hard you try to enlighten them. DASH is doing well but some see something different.

On a side note, the one that stands out from the image was in the tokens section: Chainlink. How much longer with that drama go on before the whole thing collapses on itself? And "crypto.com coin" is another joke, the team behind the Monaco card which was renamed crypto.com decided they did not make enough to make themselves rich with the ICO that launched the card so they created "crypto.com coin" and sold more tokens under the guise of blockchains and whatnots  

Good to hear from you JollyGood. Yeah, it is a thankless job but someone has to do it  

Tokens projects are not really on my mind these days, i just show them to indicate their marketcap and ranking in their own category.
Here is a long term chart, to illustrate how remarkably stable the Dash price has been :


Source : tradinview (monthly interval, USD)

Bottom is at $31,37 dd 1st of March 2020 and we are currently re-testing that bottom. Although with our current price of $65,27 and our very low price volatility
we are still far away from actually re-testing that bottom. Patience is all we need right now. Some have it, some don't.
 

[toknormal]

Patience is all we need right now. Some have it, some don't.

Patience to get washed up by the tide ?

I don't think you're very bullish on Dash. I've always thought it had viability to be a top 10 coin and haven't changed that view. So when it dropped out of the top 20 and then 30 I went looking for an answer and found one.

If you were a no-coiner and had the choice between putting your capital into a coin where NONE of its miners could extract a coin directly from the chain at below market value, and another where 6 out of 10 were able to do so at zero cost, which would you pick as the more financially secure ?

I don't think our future lies in being carried along by some general investment wave since you either have distinction or you don't. It lies in thinking, being pro-active and responding to the market when it tells you you might have made a mistake.

[jdmcg]

The margin-parity price of a masternode is around $6000-$7000 (being generous) given $30 a month of hosting costs and around 10% operating margin. (Assuming miners are viable on average at that margin also). So conceivably we may stabilise anywhere between here and that level.

Wow... you actually think Dash could go as low as $6 and still haven't sold?

You like to insult everyone here that doesn't think like you but really? First I have to swallow you're mining/store of value theory, now Dash can conceivably drop to $6.

Guess I'm too stupid to see your wisdom.

[toknormal]

Guess I'm too stupid to see your wisdom.

I do not underestimate the market's ability (or willingness) to reprice profit margins to a competitive level as it sees fit. You feel free, but do so at your peril IMO.

[jdmcg]

Guess I'm too stupid to see your wisdom.

I do not underestimate the market's ability (or willingness) to reprice profit margins to a competitive level as it sees fit. You feel free, but do so at your peril IMO.

Actions speak louder of course. You can say all this stuff about the doom of Dash but if you don't sell, it doesn't convince me that you really believe what you say. This points to the idea that maybe all of your preaching here is in some way you still trying to convince yourself of the truthfulness of your own message.

[toknormal]

if you don't sell, it doesn't convince me that you really believe what you say.

LoL ! I suppose that's one way of looking at it.

[JollyGood]

The thankless task is no more... I am thanking you for the job you do delivering facts, figures and everything in-between when it comes to DASH 

I returned to the thread thinking the regular doubters and those posting about doom and gloom would have stopped by now but I see nothing much has changed and you are the one trying to answer all questions posed in the thread as well as trying to counter the negativity some users are throwing here. I am sure keeping that handful of users aside the vast majority not only agree with most of what you post but also appreciate it. If you stopped posting here this thread would sink to the sewer.

Volatility always is a key factor related to when investors buy, sell or hold but with the graph you posted and the stability DASH has had over its competitors shows that investor confidence is strong and I just cannot see serious investors or masternode operators walking away by selling up. DASH is still a fantastic investment and offers more returns than so many other crypto out there,

I see you are still trying to show the doubters how wrong and misguided they are but those that want to dismiss it and stick with their own views will continue to do so no matter how hard you try to enlighten them. DASH is doing well but some see something different.

On a side note, the one that stands out from the image was in the tokens section: Chainlink. How much longer with that drama go on before the whole thing collapses on itself? And "crypto.com coin" is another joke, the team behind the Monaco card which was renamed crypto.com decided they did not make enough to make themselves rich with the ICO that launched the card so they created "crypto.com coin" and sold more tokens under the guise of blockchains and whatnots  

Good to hear from you JollyGood. Yeah, it is a thankless job but someone has to do it  

Tokens projects are not really on my mind these days, i just show them to indicate their marketcap and ranking in their own category.
Here is a long term chart, to illustrate how remarkably stable the Dash price has been :


Source : tradinview (monthly interval, USD)

Bottom is at $31,37 dd 1st of March 2020 and we are currently re-testing that bottom. Although with our current price of $65,27 and our very low price volatility
we are still far away from actually re-testing that bottom. Patience is all we need right now. Some have it, some don't.
 

[toknormal]

Volatility always is a key factor related to when investors buy, sell or hold

I think you should tell the difference between "volatility" and "long term revaluation".

We just turned all this volume that came in at the start of the year at the last major bottom....into resistance. Now a new bottom has to be found and it doesn't look it's gonna be a short trip to me.

[JollyGood]

I think I am doing very well from where I am and do not need to learn differences between what I cite as volatility and what others cite 

Volatility always is a key factor related to when investors buy, sell or hold

I think you should learn to tell the difference between "volatility" and "long term revaluation".

We just turned all this volume that came in at the start of the year at the last major bottom....into resistance. Now a new bottom has to be found and it doesn't look it's gonna be a short trip to me.