Could DASH BE A PUMP and DUMP

in trading •  8 years ago 


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What do you think Could DASH BE A PUMP and DUMP ?

trading dash beyondbitcoin pump dump
8 years ago by

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      ·  8 years ago 

    I have never traded Dash before but it looks dangerous at this point

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      [-]
        ·  8 years ago 

      Very dangerous buy IMO. but who knows

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        [-]
          ·  8 years ago (edited)

        Edit:

        Controversies
        Within the first hours after the coin's launch, an error was present in the code which allowed the mining of around one quarter of all coins that ever would be created.[36] This, combined with the unclear information given surrounding the launch announcement, gives the possibility that the founder, Evan Duffield, holds up to one quarter of the total Dash currency. wikipedia.com

        "For the cryptocurrency community, 2016 was a very good year. Bitcoin doubled in price. The far-out Bitcoin alternative Ethereum shot up by a factor of 10. But another, once-obscure cryptocurrency called Monero outpaced all of them, multiplying its value around 27-fold." wired.com

        Since January 2016 to today Dash price increased around 13 folds compare to Monero 20 folds.

        I don't think Dash with its super ninja mining at the very beginning and its super nodes which benefit larger holders disproportionately leading to wealth concentration will be able to compete with the superior technology that is Monero. I expect monero price to jump when ETH become POS and people switch to mining Monero instead. I think this 27 fold price increase was just the first step to this. I doubt people will switch to mining Dash.

        I'd be curious to know what Monero wealth concentration look like but that is impossible.

        https://bitinfocharts.com/
        http://chainradar.com/xmr/chart
        https://coinmarketcap.com/currencies/monero/

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          [-]
            ·  8 years ago 

          Seems, traders' games . Question is, when they are going to stop

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            [-]
              ·  8 years ago 

            Cryptocurrencies are notorious for the pump and dump scenario

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              [-]
                ·  8 years ago 

              I can't watch Craig anymore. Hope he survives it. SMH

              Frank

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                [-]
                  ·  8 years ago 

                Bought around ~$17 with pumping BTC, Pretty proud of that decision. :P

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                  [-]
                    ·  8 years ago 

                  Don't buy high unless you have insider information.

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