Is BitcoinDark severely undervalued?

[cloudboy]

Current marketcap: $ 1,272,762 and usually does decent volume.

Not very liquid though, A LOT of hodlers.

Basically all waiting for the release of SuperNET.

The coin is fairly rare with only 1.2 million currently in existence.

Is it undervalued? I suppose it depends on your view of SuperNET.

For example:

BTCD stakers will receive 5% of SuperNET dividends

BitcoinDark's Teleport has been under development and has been positively viewed by many respected anon experts (Kristov Atlas is listed as a team member http://www.supernet.org/en/home-of-the-supernet/what-s-supernet/the-team/team-member-list/51-kristov-atlas)

InstantDEX, the first actual Decentralized Exchange, will use BTCD as the reference currency for ALL trades. (mgwBTC is already seeing 3.1M Nxt+ volume/week)

Thoughts?

[1715390164]

1715390164

[1715390164]

1715390164

[1715390164]

1715390164

[tokeweed]

undervalued or not, there seems to be very low volume in the exchanges.  i'd stay away for now.

[whetherman]

BTCD will be the reference currency for the InstantDex decentralized exchange, which is nearing completion. This will allow a large liquidity aspect no matter which pairs are being traded. Dividends from InstantDex and Supernet both flow into BTCD. In addition, the BTCD teleport system will serve as the main anon backbone for the entire SuperNet ecosystem.

Most of this has been happening well under the radar - out of sight of this forum - since the SuperNet / BTCD community works in a decentralized Slack-based structure (currently around 400 active participants, 100 channels). The recent implosion of BTER has led to a full court press on finishing both the GUI and the backend of the InstantDex decentralized exchange. The current activity in the Slack is quite impressive to watch - both in the level of activity, and the decentralized mode it is all happening in.

The low liquidity for BTCD currently is a symptom of both a deep-set holding mentality among current investors - who are well aware of what's ahead for BTCD - and the disappearance of BTER, which was the most liquid exchange for BTCD. Add this to the fact that BTCD is being ruthlessly accumulated each time it drops below 4.

So the previous poster's advice is solid advice if the trading time frame is day trading.  Viewing the longer time frame a different picture emerges.

[Ingatqhvq]

Current marketcap: $ 1,272,762 and usually does decent volume.

Not very liquid though, A LOT of hodlers.

Basically all waiting for the release of SuperNET.

The coin is fairly rare with only 1.2 million currently in existence.

Is it undervalued? I suppose it depends on your view of SuperNET.

For example:

BTCD stakers will receive 5% of SuperNET dividends

BitcoinDark's Teleport has been under development and has been positively viewed by many respected anon experts (Kristov Atlas is listed as a team member http://www.supernet.org/en/home-of-the-supernet/what-s-supernet/the-team/team-member-list/51-kristov-atlas)

InstantDEX, the first actual Decentralized Exchange, will use BTCD as the reference currency for ALL trades. (mgwBTC is already seeing 3.1M Nxt+ volume/week)

Thoughts?

It's absolutely over value.

[Bitcoinmeetups.org]

Could be. I don't think so.

We are working on a fun project called the Free Services Exchange.


Can you add or request some free services from us?

[PondSea]

It is till it isn't.

[BootstrapCoinDev]

Dont want the price to go parabolic, slower linear increase is better and more sustainable. Somebody already got it onto coinmarketcap, but I asked to wait for that. Anyway, gotta go now, so probably the price will come down when I am not watching. thats what it usually does.

[cloudboy]

BTCD will be the reference currency for the InstantDex decentralized exchange, which is nearing completion. This will allow a large liquidity aspect no matter which pairs are being traded. Dividends from InstantDex and Supernet both flow into BTCD. In addition, the BTCD teleport system will serve as the main anon backbone for the entire SuperNet ecosystem.

Most of this has been happening well under the radar - out of sight of this forum - since the SuperNet / BTCD community works in a decentralized Slack-based structure (currently around 400 active participants, 100 channels). The recent implosion of BTER has led to a full court press on finishing both the GUI and the backend of the InstantDex decentralized exchange. The current activity in the Slack is quite impressive to watch - both in the level of activity, and the decentralized mode it is all happening in.

The low liquidity for BTCD currently is a symptom of both a deep-set holding mentality among current investors - who are well aware of what's ahead for BTCD - and the disappearance of BTER, which was the most liquid exchange for BTCD. Add this to the fact that BTCD is being ruthlessly accumulated each time it drops below 4.

So the previous poster's advice is solid advice if the trading time frame is day trading.  Viewing the longer time frame a different picture emerges.

That's true, and it makes me excited to be holding some 

[3rdStryker]

Absolutely undervalued without a doubt.

[cloudboy]

Absolutely undervalued without a doubt.

Can't wait for InstantDEX  That should really help BTCD!

https://bitcointalk.org/index.php?topic=684090.msg10553982#msg10553982

[riceberry]

for sure it's undervalued, get some while you can at these prices

[PhilipMorris]

Agreed. Still holding a decent bag of BTCD for months now. Hope we can see some action soon when James finally releases all the tech ...

[riceberry]

There will for sure be more liquidity from instantDEX soon, look forward to it, everything flows through btcd so it's good to have some.

[cloudboy]

It seems there is an interesting situation on Bittrex.

Buyers won't go above .004, Sellers won't go below .00439.

The result is that the vast majority of trades are < 5 BTCD.