Price Discussion Thread

fible1

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I noticed there are a couple of threads discussing issues related to price, but no thread to collate them all.

Although I'm not currently surprised by the price drop, as this has been the Dash cycle after releases for a while now, I am surprised by the magnitude of the fall.

Anyone care to share some insight?

Pablo.
 

fible1

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Maybe that guy who was thinking of selling 5 MNs decided to do it?
Hmm, I don't think so. Like 15k+ sold past week. That being conservative.

Pablo.
 

Super8

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Dash is currently showing as 'unavailable' on www.shapeshift.io

I really don't wish to focus on any negativity, I am an investor and believer in Dash... But this seems very strange. I've never seen this before. :-(
 

splawik21

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Dash is currently showing as 'unavailable' on www.shapeshift.io

I really don't wish to focus on any negativity, I am an investor and believer in Dash... But this seems very strange. I've never seen this before. :-(
Check again, I see dash there...
 
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UdjinM6

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moved to Economy -> Speculation subforum
 

Sapereaude

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The interesting part is that this is all on very little volume compared to historical volume. I would attribute to the price decrease to the usual miner selling pressure on a crypto, combined with the lack of PR and the fact we got taken of the exchange then a small price decrease was expected, but if it is not combined with large volume then it's not really meaningful.
http://coinmarketcap.com/currencies/dash/#charts'

Also what I find strange is that the number of DASH transactions have fallen sharply the last few months, we were at 600 transactions every 100 blocks and now we are at 300 transactions per 100 blocks.
https://chainz.cryptoid.info/dash/#@diff
 

fible1

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The interesting part is that this is all on very little volume compared to historical volume. I would attribute to the price decrease to the usual miner selling pressure on a crypto, combined with the lack of PR and the fact we got taken of the exchange then a small price decrease was expected, but if it is not combined with large volume then it's not really meaningful.
http://coinmarketcap.com/currencies/dash/#charts'

Also what I find strange is that the number of DASH transactions have fallen sharply the last few months, we were at 600 transactions every 100 blocks and now we are at 300 transactions per 100 blocks.
https://chainz.cryptoid.info/dash/#@diff
I think you are on the right track, I think that trading volume is one of the biggest concerns right now and something we need to get a grip on and understand before we hit a point of no return.

Pablo.
 

raganius

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I think you are on the right track, I think that trading volume is one of the biggest concerns right now and something we need to get a grip on and understand before we hit a point of no return.

Pablo.
I guess the market will find its balance the moment DASH truly starts to be used as a currency (I mean, enough merchant adoption, daily utility, circulation).
 
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fible1

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I guess the market will find its balance the moment DASH truly starts to be used as a currency (I mean, enough merchant adoption, daily utility, circulation).
That's of course true; but it's still important to wrap our heads around what is going on now and who the players are that are moving the market as well as why the market is doing what it's doing. It's worth it to understand not only from a price perspective, but because how we are interacting with the market should help shape our overall strategy. Initially our momentum will, much like in BTC, come from speculators, then investors, and finally users. It is important to provide to these groups at each stage if we hope to move forward. BTC has sort of blazed the trail with the first two groups, but has been struggling with the third,; if we can plan for these from day 1, we will be a step ahead of all our competitors.


I think the first step is to engage with market makers and go from there.

:)

Pablo.
 

TanteStefana

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Ok, I'm pretty much flabbergasted. Bitcoin has been going up in price, and since I'm not good at understanding the markets, I'd sure appreciate someone explaining to me why Dash has been dropping like a fly? I mean, I'm looking at the price now, and it's at 0.007899. Why? Why does it continue to go down when so much is happening with Dash. So much work, so much progress so many possibilities. Is there news I haven't seen? If anyone could explain this, I'd sure appreciate it :( Thanks!
 

stan.distortion

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Mmmm, imho "price" does not equal value but then I guess I shouldn't be posting in a speculation thread in that case :/ It's easy enough to know who at least, just follow troll activity on BCT, you can even work out the time and duration of their breaks to discus strategy.

What to do about it? Ignore it and get on with things imho, a duff is a duff is a duff and a dollar's an entirely different and far inferior thing. But that's more inappropriate talk for a speculation thread so I'd suggest as many zero-loss volatility trading bots as possible to damp fluctuations and make manipulations expensive, get them talking to each other and you can even have a distributed stabilisation fund.

EDIT: The trades data would be worth looking at too, by the sounds of the trolls they're gamers that got rich but they seem to be under direction and if it's anything like the same kind of direction that's been on the bitcoin markets there's likely to be a high volume of trades with little price movement caused buy continualy buying slowly from the asks, dumping quickly to the sells and filling in the volume behind while the real volume builds. It's loss-making in the short term but can be part of a longer strategy, there's likely a way to make substantial profit from it but I've never looked into how as it could also make a big loss if countered and a volatility bot makes a small gain from it with potentially zero risk.
 
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fible1

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What I find scary is that you have to assume that the collective market is operating on better information than we ourselves have as individuals.

Pablo.
 
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stan.distortion

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What I find scary is that you have to assume that the collective market is operating on better information than we ourselves have as individuals.

Pablo.
More along the lines of a small but well organised group can hold sway over a much larger group of unorganised individuals. Crypto markets left reason behind a long time ago, good news was even a good indicator that things where about to go down once.
 
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TaoOfSatoshi

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I think it's just that one botnet guy continually dumping his coins when he gets 1000. If he keeps this up, he will reduce the price to 0 (although unlikely, he would kill his income). We need to be prepared for much lower prices in that instance. Long term, my friends, long term.
 
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jpr

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I don't think that a botnet is a good excuse. We can't expect anybody who is mining to keep their coins. Why would they do that? Because the price must increase in long term?
The reason the price is dropping is the lack of buyers, lack of interest and fresh money flowing into dash. Which tells me we have got a shit PR.

The price was stable over $2 for a long time. It's slowly going down without much panic which I think is not a good sign, as there might be no bounce and it will stay down there.
 
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fible1

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I don't think that a botnet is a good excuse. We can't expect anybody who is mining to keep their coins. Why would they do that? Because the price must increase in long term?
The reason the price is dropping is the lack of buyers, lack of interest and fresh money flowing into dash. Which tells me we have got a shit PR.

The price was stable over $2 for a long time. It's slowly going down without much panic which I think is not a good sign, as there might be no bounce and it will stay down there.
You make excellent points. It's not really shit PR though, but no PR. Evan said they would start running some marketing funnels and some PR in February.

Pablo.
 
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AnarchicCluster

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Initially I thought that the falling price is caused by our new budgeting system. The trend downwards started around the same time when version 12 was released so there is some sort of correlation. My thinking was that there are more coins being dumped on the market in order to pay for all those proposals that were voted into existence by masternodes. Now, if we add botnet on the top of that, I can understand why the price is falling slightly. I am sure there are more things at play over here but I wouldn't blame marketing or PR. We have as good PR as we've ever had or even better. With a a proper PR we should expect the price to go up as more and more people would buy into the coin. With a lack of marketing efforts we should expect the price to stay roughly stable because it would be the same crowd buying, selling trading etc. In my humble opinion the latter is true. We are roughly the same community with some people leaving and some new people joining in, therefore the price (in terms of $) stays roughly the same (see the chart below). However, once a proper marketing campaign hits the road we should see more interest and modest rises in price.

Actually if we think about the real Year-onYear inflation I am amazed that the price is so stable. after all there is something like over 3,000 new DASH minted every single day. My very rough estimate is 15-20% Y-o-Y inflation.
 
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snogcel

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I think it's pretty clear that Dash is valued in USD right now so don't worry about the BTC ratio really... It's $2.30 today, same as last week and three weeks before. All is well, relax :)
 

daf

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I think it's pretty clear that Dash is valued in USD right now so don't worry about the BTC ratio really... It's $2.30 today, same as last week and three weeks before. All is well, relax :)
Very true. Probably the real test will be how Evolution will affect the USD ratio?
 
Oct 9, 2014
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How can you say dash is valued in USD if there is not a single DASH/USD market. 99% of all trade is on BTC market. And the MN could be just exchanges setting them up? Could it not? How do we know that poloniex dont keep DASH in MN instead of cold wallet or any other exchange? So even MN count is kinda meaningless?

Also, price started going down after bitfinex delisting. As well, there is not a signle good exchange for DASH...
 
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Dunedoo

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Its not just Dash losing value

Shapeshift
1 btc = Ltc 90.5038

As always, there will be a correction. I see this downturn as the pre Christmas sale:)
 
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rightaboutnow

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Its not just Dash losing value

Shapeshift
1 btc = Ltc 90.5038

As always, there will be a correction. I see this downturn as the pre Christmas sale:)
I am happy to buy below $2.5 but we need to start getting more online presence and acceptance for sites that take B*coin.
 
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Oct 9, 2014
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Sites that take bitcoin and an ability to earn DASH. What happened to darksale or something. There was an auction site?
For instance, i want to sell my PS3 for crypto (preferably DASH), but where can i do so? Dont want to use nor amazon nor ebay with their 10% charge and paypal keeping money for 30 days...
 
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