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is this crypto crash a bad thing?

Discussion in 'General Discussion' started by intertan, Feb 4, 2018.

  1. intertan

    intertan Member

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    I gave some thought today about what is going on with the markets and it got me wondering
    With people who invested into crypto to make a profit are hurting wouldn't a stable price be better for a coin that will replace traditional money?

    If I were running a business that accepted dash for example, setting a price on something and not have to worry about adjusting it daily, or wondering if I am going to take a loss or loose customers cause the price went so high.
     
  2. TroyDASH

    TroyDASH Well-known Member

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    It might be a good thing to pop some of the speculation, but not because it will be good for businesses to denominate their prices in crypto. Crypto is likely to continue to be extremely volatile, so most businesses will be denominating their prices in Fiat and just do a real-time conversion for accepting payment in crypto.
     
  3. yocko

    yocko Member

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    The whole crypto space needs to half in price again or even more to push out all the dud projects and force people to make educated decisions in their investments.
     
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  4. stan.distortion

    stan.distortion Active Member

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    Good imho, it was becoming impossible for anyone new to cryptocurrency to see anything other than price speculation. News and articles discussing merits, potential, etc. have been buried under pages of TA, "expert" opinions, even astrology ffs. It's not nice seeing so many getting burned but when the mainstream media where pumping it like crazy and only very rarely covering the hard-learned lessons from the past or echoing the obligatory warnings...

    What's worse, the drop from peak is only the first wave. Maybe prices will go down further or maybe they'll go up but a mountain of ICOs got started in the same wave as well as the usual explosion of alts and a good chunk of them are snake oil. the MSM won't have to look far to find new horror stories, if you wear your tinfoil hat too tight you might even think they pumped a few in preparation.
     
    #4 stan.distortion, Feb 4, 2018
    Last edited: Feb 6, 2018
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  5. camosoul

    camosoul Grizzled Member

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    Burn, fucktards, burn!

    Unfortunately, DASH may be one of those fucktards, given the chronic failure to capitalize and desperate fear of actually winning... DASH had killer features 3 years ago. Now it's being replicated and executed elsewhere. DASH created a tidal wave of its own competition and still continues to sit on it's thumbs...

    There are people who fear winning because it is unfamiliar territory...

    There are people who hate winners and deliberately chose to be losers because of this hate, and wear failure as a badge of honor (socialists/communists)...

    There are those who exist in perpetual abject terror of so much as going outside and possibly having sunlight touch their skin, ever...

    Then, there's DASH...
     
  6. yocko

    yocko Member

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    That's a little harsh mate however you have some points that need addressing. DASH CORE needs to wake up and answer the community a little bit in regards to Evolution.
     
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  7. camosoul

    camosoul Grizzled Member

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    I am downright fluffy and cuddly and warm next to what's coming...
     
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  8. camosoul

    camosoul Grizzled Member

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    My tinfoil hat is a sombrero.

    Where's muh 12.3?

    When comes the public point of distancing DASH from this crap? Or is not hyping the new hype?

    My tagline of "DASH - cryptocurrency for grown-ups" was good at the time, but if it still applies, it just got 10x better...

    This ICO shit has been atomic facepalm since day one.

    I don't normally solicit hits to my shitty blog, but...
     
    #8 camosoul, Feb 5, 2018
    Last edited: Feb 5, 2018
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  9. GrandMasterDash

    GrandMasterDash Well-known Member
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    I feel like i'm the only person that is completely oblivious to this "crash". I mean, the entire structure / ranking of the most popular coins / tokens has remained almost unchanged (e.g. dash is still #12), it's only the fiat value that has really changed. Imo, real drama / exciting times, is when we see a complete re-structuring of the top 50 or so coins / tokens. Only then can we say we've sorted the wheat from the chaff.
     
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  10. demo

    demo Well-known Member

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    I feel that the crypto crash is a good thing. Many stupid and spies left the crypto space, due to the crash, and this is a good sign.
     
  11. yocko

    yocko Member

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    You're not the only one, I'm happy with the crash because I have been replacing spent DASH at a bargain. Christmas was expensive and so was travel to Miami for the confrence.
    All its gotta do is correct now and my holidays were free.
    You're right though, the shitcoins have not been disrupted enough.
     
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  12. markhascole

    markhascole New Member

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    is this crypto crash a bad thing?
    Answer is
    Obviously
     
  13. demo

    demo Well-known Member

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    There is no crypto crash. Crypto crash is fictional.
    What happened in reality, is that the (stupid) fiat money holders withdraw their fiat coins from cryptospace.
    We dont care about it, our capital reference is not fiat money.
    #13
     
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  14. Nigel Robinson

    Nigel Robinson New Member

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    I think dash can be up by 110% within 2 weeks. What you guys think about Dash price prediction?

    I have a dash miner which i invested 5 months ago still earnings monthly $150 dollars from it.