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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9722683 times)
illodin
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October 05, 2014, 07:55:44 PM
 #63041

Buy or sell DRK when mintpal is working? Huh

sell as soon as it hits above 0.007 and wait and then buy back at 0.005. The only reason Darkcoin didn't drop is because all the funds of whales got stuck at mintpal. Some of the Darkcoin whales must be pissed as hell LOL

Good luck with that prediction.

Maybe the multipools that dump DRK relentlessly prefer mintpal. When it finally opens, we should put buy orders at 0.001 max or something to make them dump their one week's worth at a loss.
eahmadov
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October 05, 2014, 08:00:30 PM
 #63042

Buy or sell DRK when mintpal is working? Huh

sell as soon as it hits above 0.007 and wait and then buy back at 0.005. The only reason Darkcoin didn't drop is because all the funds of whales got stuck at mintpal. Some of the Darkcoin whales must be pissed as hell LOL

Good luck with that prediction.

Maybe the multipools that dump DRK relentlessly prefer mintpal. When it finally opens, we should put buy orders at 0.001 max or something to make them dump their one week's worth at a loss.

That's probably the reason why price is pumped in Cyptsy right now.
toknormal
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October 05, 2014, 08:06:43 PM
 #63043

why would you not invest more in DRK at least short term according to your belief. What you are basically doing is partly and inefficiently hedging, which is actually increasing your exposure to loss in the short term, at least until you close your position. Just throwing that out there buddy, good luck !

Actually, if I had thought it all through to the extent you have I probably would have  Wink The problem is, it doesn't work out like that - i.e. as a nice, static, non moving goalposts situation. It's fluid and dynamic with many factors. How I "got here" was this:

I had a general rule to invest a tiny portion of BTC in potential competitors that I thought may one day challenge Bitcoin. The idea was that as long as I got "in there" before they reached parity I'd always have numerically more of the challenger than BTC so I'd be hedged (forget fiat for now - I was only interested in having a "horse" in the cryptocurrency race). So I'd buy stuff like PPC, LTC, XPM and such.

But then 1 day I thought DRK looked interesting and I stuck 1 BTC into it and got 1000 DRK's. (That was well before Evan came up with the masternodes idea - I just decided co-incidently I wanted 1000 coins). That was the most I'd EVER invested in a hedge and was high risk for me at the time cos I only had about 10 BTC back then.

Next thing I know, a few weeks later, my DRK holdings are worth 27 BTC and my hedge has turned into my investment ! After that what happened is that the crash came - I realised some BTC and got out of the market around 2. Then I decided I "missed" being part of the community and following the very interesting technical progress that was going on. So I said f*ck it, bought back in around 13 and decided just to write my investment off - I was now in it for running a masternode and general project participation. Any long term financial returns would be "icing on the cake".

So, you see, there's just a whole lot more factors to it than a simple investment / hedge situation although I take your point and will re-read your posts to see if I can optimised my holdings a bit better now that you've brought this perspective to my attention  Smiley


Minotaur26
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October 05, 2014, 08:07:57 PM
 #63044

Buy or sell DRK when mintpal is working? Huh

sell as soon as it hits above 0.007 and wait and then buy back at 0.005. The only reason Darkcoin didn't drop is because all the funds of whales got stuck at mintpal. Some of the Darkcoin whales must be pissed as hell LOL

Good luck with that prediction.

Maybe the multipools that dump DRK relentlessly prefer mintpal. When it finally opens, we should put buy orders at 0.001 max or something to make them dump their one week's worth at a loss.

That's probably the reason why price is pumped in Cyptsy right now.

You are speculating, the fact remains that DRK is holding nicely given the market conditions and historically has been more resitant to BTC price drops than other currencies, it shows that it offers additional features that are not tied to BTC.
toknormal
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October 05, 2014, 08:08:17 PM
 #63045


4 hour Bitcoin USD chart is starting to converge. If it doesn't go off on another massive plummet from here we might be in for a major rally in a day or 2.
JDrock
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October 05, 2014, 08:09:48 PM
 #63046


4 hour Bitcoin USD chart is starting to converge. If it doesn't go off on another massive plummet from here we might be in for a major rally in a day or 2.


WTF 26K BTC wall on stamp .. !!!
toknormal
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October 05, 2014, 08:13:47 PM
 #63047

WTF 26K BTC wall on stamp .. !!!

Jeez. 8.5 million dollars.
eahmadov
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October 05, 2014, 08:15:34 PM
 #63048

WTF 26K BTC wall on stamp .. !!!

Jeez. 8.5 million dollars.


Someone(s) desperately want to keep the price ofbitcoin down  Huh
BlockaFett
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October 05, 2014, 08:16:12 PM
 #63049

WTF 26K BTC wall on stamp .. !!!

Jeez. 8.5 million dollars.


Someone(s) desperately want to keep the price ofbitcoin down  Huh

yup.
illodin
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October 05, 2014, 08:17:40 PM
 #63050

WTF 26K BTC wall on stamp .. !!!

Jeez. 8.5 million dollars.


Someone(s) desperately want to keep the price ofbitcoin down  Huh

If someone has that many bitcoins why would he want that?
toknormal
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October 05, 2014, 08:18:01 PM
 #63051

On trollbox he's known as the "stamp bearwhale".

Some of them think the whole market decline is down to 1 guy.

KryptoFoo
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October 05, 2014, 08:18:52 PM
 #63052

WTF 26K BTC wall on stamp .. !!!

Jeez. 8.5 million dollars.


what's more impressive: that somebody placed such a large sell order, or that somebody has that much BTC in an online exchange?!? Wow to both
eahmadov
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October 05, 2014, 08:22:22 PM
 #63053

WTF 26K BTC wall on stamp .. !!!

Jeez. 8.5 million dollars.


Someone(s) desperately want to keep the price ofbitcoin down  Huh

If someone has that many bitcoins why would he want that?

Probably to push the price even more downwards. When met with a huge wall like that market usually tends to go the opposite direction. And when the price is in a desirable level, to buy even more bitcoins. That's called greed.
toknormal
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October 05, 2014, 08:23:16 PM
 #63054

Probably to push the price even more downwards. When met with a huge wall like that market usually tends to go the opposite direction.   

It's not working.
AlexGR
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October 05, 2014, 08:25:27 PM
 #63055


Everybody is assuming a rational market, with rational players, that value actual costs and ROIs, when in reality there are hundreds of thousands of BTCs hacked and on the loose with zero cost of acquiring them - thus liquidation is not an issue @ $300 or below. It's not like the hackers are selling "below mining cost" or something.
miningpros
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October 05, 2014, 08:28:32 PM
 #63056

My believe is that DRK will first be dropped on the new Mintpal due to all this talk about Miners reward on Darkcointalk.
Next to that Evan was talking about a hardfork again , which sadly if no good for the value.
eahmadov
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October 05, 2014, 08:30:11 PM
 #63057


Everybody is assuming a rational market, with rational players, that value actual costs and ROIs, when in reality there are hundreds of thousands of BTCs hacked and on the loose with zero cost of acquiring them - thus liquidation is not an issue @ $300 or below. It's not like the hackers are selling "below mining cost" or something.

Speaking of theories, here is one more explanation to the recent drop. If the Russian ban is true then it is a great news for Darkcoin, especially after IP obfuscation. Our dear comrades can enjoy all the privacy they need while dong their 'businesses'  Grin

https://www.cryptocoinsnews.com/russian-bitcoin-ban-plans-to-fine-digital-currency-users/
splawik21
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October 05, 2014, 08:31:38 PM
 #63058

WTF 26K BTC wall on stamp .. !!!

Jeez. 8.5 million dollars.

LOL!!!! this is the sell wall!!!!

BE SMART, USE DASH ( ͡° ͜ʖ ͡°)
splawik21
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October 05, 2014, 08:31:58 PM
 #63059

WTF 26K BTC wall on stamp .. !!!

Jeez. 8.5 million dollars.


Someone(s) desperately want to keep the price ofbitcoin down  Huh
Russians? Smiley

BE SMART, USE DASH ( ͡° ͜ʖ ͡°)
jams951
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October 05, 2014, 08:32:58 PM
 #63060

Well at least this shit is interesting so as I lose all my money I am entertained.
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