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

[richy]

funny story, this genius pro trader that came here to help everyone said he was done posting a few pages ago.

specially while not having any DRK and waiting to get in again... interseting

[godzirra]

There are a lot of very inexperienced traders who are trying to jump in and out of alts. And with the large majority of them I would say go for it, that's all they will be good for. But we all seem to agree that Darkcoin is headed much higher. So that being the case it's not advisable for most to be jumping out of drk to try and catch a dip down to .005.

It might work out beautifully for mike3. But it's not wise imo. I honestly believe the hatred for drk comes from those who once held it and actively traded their whole position, only to find themselves priced out of the market. They are rightfully very bitter, I don't advise anyone to try and do what mike3 is advocating. Be right and sit tight.

[toknormal]

Hmm well that's how I interpreted it.

ok, I see it now.

I'd agree that that's a definite possibility. Specially close to the next "news" event.

[AlexGR]

A lot of people lost coins that they will never see again because they believed they could sell high / buy low - and the low never came. Everytime it was like "yeah, just wait for the dump round the corner"... fud and "analyses" that simply overlooked the astonishing buying strength of the whale buyers.

[foolio]

In reality the 12h graph on bitcoin wisdom is a positive inverse head and shoulders not some bubble nonsense people talk of

I think I just have to say in mikey's defence, I can't see that "inverse head and shoulders" anywhere on the recent DRK chart. Also, he has offered quite relevant advice which, if it had been taken more constructively might have lead to a more useful discussion for all concerned.

He wasn't trying to "diss" the coin, he was offering a perspective on optimising investment strategy in the wake of this huge rise.

I don't necessarily agree with him on the bottom, but all the same he's right about technicals trumping fundamentals in extreme cases such as the rise we've just had. Bitcoin had all kinds of positive and negative news (Overstock adoption, China banks) and yet it stuck rigidly to the long term pattern and didn't budge until the new valuation had been properly "baked in".

Maybe a picture tells a thousand words:

P.S. You can see from the lower of these two that unlike Bitcoin, DRK built itself a bit of a base around 12-14 just prior to that last rise. That's why I don't think it's going to go quite as low as mikey does. But this is splitting hairs. The general principle is that all contributions to a better understanding of where we are are best accepted if offered in good faith. It may be that mikey's in fact was.

https://i.imgur.com/G7CCZCK.png

+1

toknormal, I very much appreciate your analysis contributions. I thought the "shoulders" in the chart were much lower down, not the top peaks. There were some smaller shoulders a bit above the head around .016 , then we had a spike after that to around  .022. The bitfinex rumor and announcement seemed to push us up really fast from there. I think someone posted the inverse head and shoulders in the chart when the price was correcting on that second shoulder around the .015 level before it shot up.

[richy]

i think for everybody who is not a good and experienced trader. It is best to simply hold the coin... If mikey will really do what he was saying (buy back when it is lower) in the end we all will come out on the same new hight. BTW if anyone would have realy found something to predict market prizes at all we would have heard about it.

[foolio]

A lot of people lost coins that they will never see again because they believed they could sell high / buy low - and the low never came. Everytime it was like "yeah, just wait for the dump round the corner"... fud and "analyses" that simply overlooked the astonishing buying strength of the whale buyers.

Most of the time I would rather sell on the highs, always. Then pay very close attention when getting back in. It can be very tricky of course. If you don't want to pay constant attention, it's almost impossible I would say.

The reason is because I would rather risk missing out on some profit than be stuck holding a bag. I guess it comes down to how confident one feels with one's current understandings of coin fundamentals, analysis, and in one's own judgement. I started playing that game (sell high, buy back low) with the mindset that I would jump in and make mistakes by experience. If I end up with a bag, or sell too low and get washed out, I ask myself how I can change the way I think about the situation that would have given a better result. I started this being willing to throw money into it as a learning process. I think it would be maddening to expect results without a lot of trial and error and practice at it first. I made mistakes at first, (and still do), but eventually I was able to more than double my portfolio due to increasing my ratio of good calls to bad ones. I'm the farthest thing from an expert (can you tell? lol), I just try to pay close attention, do my best to understand how the market thinks and use common sense.

If you don't like analysis or you don't believe in it, and aren't motivated to both make and learn from mistakes, then I agree it's best to avoid trying to play that game. Otherwise I have found it to be fun and profitable so far!

[blueforever]

I'm going to hold as well. The thing with technicals is maybe something changes and before it hits .01 or whatever it is, and technical trader start buying back in. Then suddenly we're sitting here waiting for the .01 that never comes because we have no idea. Then the tech trader comes back and says, oh ya, at .013 the dick-in-hand pattern emerged so I went all-in. Too bad all you suckers that were waiting for .01.

[toknormal]

the tech trader comes back and says, oh ya, at .013 the dick-in-hand pattern emerged so I went all-in. Too bad all you suckers that were waiting for .01.

r.o.t.f.w.l.

Thanks. I was doubled up at that. They'll need to add that one to trader-school texts  

 - I'll definitely "hold" from now on 

[godzirra]

The key right now is that mike3 sold @ .024
If you try and sell here your risk is much higher and your reward much smaller.
Again,
I WOULD NOT ADVISE THIS. There I'm done holding people's hands.

[thelonecrouton]

The only thing chart witchcraft is good for is predicting the behavior of witches.  

If ebay start accepting BTC as their CEO strongly hinted today, then Amazon (and everyone else) will be right behind them. And a goodly percentage of those, I believe, will see the obvious benefits of DRK over BTC.

And the Wall Street crowd are nosing in our direction too - they know the fiat bubble should have burst already, something has to give soon. The rich are getting rid of fiat as fast as they can, but can't turn all their liquidity into solid assets, the world still needs money, and BTC/DRK are the rational choices right now.

I'm buying both DRK and BTC, and I see the big players doing the same, I don't care what todays price is, or tomorrows, because every credible indicator I see points to big growth in both.

People think they have missed the DRK train? They haven't even missed the BTC train yet...



 

[toknormal]

The only thing chart witchcraft is good for is predicting the behavior of witches.  

If ebay start accepting BTC as their CEO strongly hinted today, then Amazon (and everyone else) will be right behind them. And a goodly percentage of those, I believe, will see the obvious benefits of DRK over BTC.

And the Wall Street crowd are nosing in our direction too - they know the fiat bubble should have burst already, something has to give soon. The rich are getting rid of fiat as fast as they can, but can't turn all their liquidity into solid assets, the world still needs money, and BTC/DRK are the rational choices right now.

I'm buying both DRK and BTC, and I see the big players doing the same, I don't care what todays price is, or tomorrows, because every credible indicator I see points to big growth in both.

People think they have missed the DRK train? They haven't even missed the BTC train yet...

+1 to all that. (Except maybe the bit about witchcraft   ) I wouldn't have my DRK today if it wasn't for such "witchcraft", all the same point taken about long term fundamentals blowing away lines on charts.

[godzirra]

Somebody is dangling a masternode on mp @.01728
 

[SlientBit]

Don't now much, if anything, about technical analysis of markets, but I would like to point out one thing that seems very clear to me:

DRK is going to stay stable around LTC parity.

Because that's what all LTC bag holders and heavy investors want; they need time and price parity to be able to do things such as:

a) buy in DRK at the same price/valuation as LTC, because they now believe that LTC can be eventually surpassed or matched

b) hedge off from LTC into DRK until they have a suitable balance of the two, making sure that they even things out no matter witch goes up or down

c) convert all their LTC to DRK without losses, before LTC loses 2nd place and corrects to a lower valuation

Just my two cents 

[anonymousxx1503]

Wow what a shit article - http://cryptolife.net/darkcoin-the-next-big-thing-or-just-another-pump-and-dump/

[BitcoinFX]

Last month I suggested that darkcoin.io could be promoted in today's 'Reset The Net' initiative and I went ahead and added Darkcoin:

June 5th, 2014 - A day of action for privacy & freedom - See: https://www.resetthenet.org

https://www.thunderclap.it/projects/10619-reset-the-net/ - Social Reach 13,340,487+ People !!!



The direct link is to my darkproxy.net - Darkcoin 'themed' website which has unfortunately been offline for the past 24 for reasons I cannot fix directly.

However, If your quick you might still be able to see the Splash screen in action at the other darkproxy websites.

See: http://darkproxy.eu  and  http://darkproxy.is

[toknormal]

Wow what a shit article - http://cryptolife.net/darkcoin-the-next-big-thing-or-just-another-pump-and-dump/

Ah !  A hit piece from Cryptolife ?

Now then. Nothing could be more bullish    I might have to revise my earlier estimates for the bottom up  the way. In fact I'm buying back in right NOW.

That guy is about the most scam-artist crypto-journalist there is. Likes to disguise his personal rants as 'analysis'.

Don't take it to heart - in fact TAKE HEART !!!  

[sin242]

All the analysis is missing something..  Anyone bother checking NXTs cap? It's gone insane and it's sucked a ton of $ (around 50mil atm) out of other coins.


Best reason i can find for this is if you look here:



http://nxtblocks.info/#section/assets_exchange/12465186738101000735


You see a ton of volume on NEMstake which is purchased with NXT.


NEM is:

https://bitcointalk.org/index.php?topic=426303.0


Not saying anything about the coins themselves since i really dont understand them yet, but i know the NEMstakes just got listed on the NXT asset exchange and it's roundabout
when NXTs cap started going stupid.  AND i know that the 50mil increase has to come from somewhere....

[thelonecrouton]

Wow what a shit article - http://cryptolife.net/darkcoin-the-next-big-thing-or-just-another-pump-and-dump/

Heh, wonder what he was paid for that? 

[raganius]

Last month I suggested that darkcoin.io could be promoted in today's 'Reset The Net' initiative and I went ahead and added Darkcoin:

June 5th, 2014 - A day of action for privacy & freedom - See: https://www.resetthenet.org

https://www.thunderclap.it/projects/10619-reset-the-net/ - Social Reach 13,340,487+ People !!!



The direct link is to my darkproxy.net - Darkcoin 'themed' website which has unfortunately been offline for the past 24 for reasons I cannot fix directly.

However, If your quick you might still be able to see the Splash screen in action at the other darkproxy websites.

See: http://darkproxy.eu  and  http://darkproxy.is

Very good indeed! Thank you!