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RC4 and price

Discussion in 'Speculation' started by acidburn, Aug 13, 2014.

  1. acidburn

    acidburn Active Member

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    Given RC4 has been released, what do you think should happen to the markets? They're very quiet at the minute.
     
  2. vertoe

    vertoe Three of Nine

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    Dont think there will be much of an impact. The price will adjust long term when people realize we are not only announcing stuff "soon" but also delivering working software.
     
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  3. crowning

    crowning Well-known Member

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    I guess people will first watch whether RC4 is technically reliable (means no unwanted forks and whatever else happened last time)) and after that the price will go up a bit.

    Then the new features are tested by the general public, and if they work as designed and the first publications are written about that the price will finally go up.
     
  4. fernando

    fernando Powered by Dash
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    Yeap, most people in crypto know nothing about Darkcoin and confuse most alts. Market will kill a few, we'll do more communication... it is gonna take time. Of course, if somewhere in the middle some whale goes shopping the price will raise, but it's gonna take time.
     
  5. Walter

    Walter Active Member
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    I agree, in the mean time I'm going to keep accumulating and setting up masternodes if Mr Market continues to offload DRKs at anything below $3-4. An average of 1DRK a day return on a 1000DRKs is a 30% annual return on investment (excluding capital gain/loss). VPS for MN costs less that $60 a year (12 DRKs). Peanuts.

    Would love 3 or 4 MNs earning me a few DRKs a day when they are worth $200 in a few years time! ;)
     
  6. acidburn

    acidburn Active Member

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    Haha. I wished I could add a few more to my collection. I've got 1.5. Would really love 10 but sadly the price will need to reach £1.
     
  7. Walter

    Walter Active Member
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    Well, you never know... If BTC and DRK keep tanking like this then we may see £1 a coin in the short term. There's a lot of sell pressure short term and the potential buyers are sitting on the sidelines for now to see how RC4 beds in. Could be an opportunity in the next few weeks to buy some really cheap DRKs. Then again, WTFDIK! ;)
     
  8. Kong

    Kong Member

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    At the beginning, it was clear that darkcoin is one of the winner, because the darkcoin dev was (in february) the only one who developed his coin. All the other coins were clones. Now this has changed... more and more experienced people in the it sector try to accomplish an anonymous coin with different approaches. Now, after the enormous pump we as community have to push the coin to adoption. And my best guess to succeed is to try to implement darkcoin to openbazaar, or make an inside wallet open bazaar, because this is the real internet revolution which is coming in my opinion.
     
  9. vertoe

    vertoe Three of Nine

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    Are you involved with open bazaar or did you try out the test versions yet?
    As far as I understand you can use any currency to pay with...
     
  10. stonehedge

    stonehedge Well-known Member
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    If you cast your minds back to when BTC and LTC were in the mainstream media there were dozens of articles being written online every day. There would be an article or report about BTC or LTC in every newspaper at least twice a week. Go and do a news search for Darkcoin.

    Ok, we might be a little PR light...maybe a press release would be a good thing but the bottom line is that the media just aren't interested at the moment. This is why we aren't attracting the level of new adopters that we would like.

    I guess the profile of DRK will increase as and when vendors begin to accept it for payment and also as soon as a bored hack of a journalist somewhere decides to write a bullshit "bombshell" sensationalist article about DRK being a money laundering machine.

    Having said that, whilst we need publicity, the wrong kind of publicity will lead to market instability. 12 months ago, every time a positive article about BTC was published the price would go up. Every time a negative article was written, the price would suffer. That isn't necessarily what we want as a community.

    The bottom line is if we can get open bazaar ported to DRK then its the first step on a very tall flight of stairs. Once people start paying for goods and services with DRK, the media will follow.

    As for the whales, they haven't gone anywhere. They're biding their time. In my humble opinion the big pumps and dumps will be back soon enough. I think one of the concerns to the whales is the performance of BTC at the moment. There aren't too many places you can exchange DRK for FIAT at the moment which means that the whales have limited options for exit plans and are fundamentally tied to the DRK/BTC rate.
     
  11. acidburn

    acidburn Active Member

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    Hmm. I just noticed the price and it's gone right down south! I do wonder if it'll keep falling and if so, what can we do about it?

    I believe in dark but as other have mentioned, there are other competitors lurking around and trying to win the game too!

    I don't think it's just a case of gettin rc4 working and moving on, we need a voice. We need to make a stand.
     
  12. coltan

    coltan New Member

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    This is perfect. I'd personally like to see btc sub 400. Many people wont like this but we need to go down until we can ride the wave when wall street comes in and gets us in the upper 2000 together with ebay and all the other corporations.
     
  13. acidburn

    acidburn Active Member

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    Haha!! I want to see drk hit £1.
     
  14. acidburn

    acidburn Active Member

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    Wow! £1.90! is anyone actually buying at this price or waiting for a further decline?
     
  15. jpr

    jpr Active Member

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    Seems market does not give a shit about funamentals. Sad thing.
     
  16. acidburn

    acidburn Active Member

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    No, sadly not but my fear is we might loose a good few folks round here.

    Let's hope not!
     
  17. fernando

    fernando Powered by Dash
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    I agree, that is the only thing that worries me about the price. Some people will get disenchanted. We need to be united and stop looking at the price :)
     
  18. stonehedge

    stonehedge Well-known Member
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    My only regret is that I don't have any money that I can spare to buy buy buy!
     
  19. stonehedge

    stonehedge Well-known Member
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    Serious question? What is going on at the moment?

    From where I am standing, major bugs have been fixed and we haven't even enforced yet.
     
  20. ImI

    ImI New Member

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    Copy/Paste from BTT

    Its not just the timing. Its the non-existing outlook. Markets always need something to look out for, some kind of phantasy. That's what makes them advance.

    For instance if RC4 would have announced as a fixed date and time, we would have seen a much bigger price rally. People would have set up countdown timers, tweets about upcoming RC4 would have been made etc etc

    THATS whats drives markets! You need always to deliver outlooks! At the moment we have no outlook BEYOND RC4. The market recognizes that we will soon have a working anon, nevertheless: "What comes next?"
    No matter what comes next it should be communicated early.

    OUTLOOK boys, thats all that matters in markets.

    Outlook BEYOND RC4.
     
  21. jpr

    jpr Active Member

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    I don't think we would be trading at 0.006 right now if not the ninja launch. Why did we do that anyway? Shuldn't we announce things to the whole crypto scene instead of hiding the release?
     
  22. acidburn

    acidburn Active Member

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    I thought we do? Twitter, facebook btctalk? we're not quiet about it
     
  23. jpr

    jpr Active Member

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    Yes we did. Evan informed about it 30 minutes before going mainnet :)
     
  24. vertoe

    vertoe Three of Nine

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    This shows that this coins is not about pump and dump scheme but a serious development project.
    Evan releases the software when it's done.

    Giving this whole RC4 thingy an announcement run of 2 weeks would call all the guys out there calling darkcoin a huge scam coin.
    http://www.forexminute.com/litecoin/darkcoin-can-scam-40995
     
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  25. canibalbranco

    canibalbranco New Member

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    Time to buy and wait ...

    [​IMG]

    :cool:
     
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  26. fernando

    fernando Powered by Dash
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    That is impossible to know, market is terrible these days. And RC4 was announced. No specific date was given, but we've all been talking about it for weeks. In fact, I believe that maybe we created too much expectation and people had too big a faith in its effect on price.
     
  27. Carrot

    Carrot Member

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    Everything can always be better, not better than Darkcoin, but everything is there for the reading. Links were provided and eltito did an excellent job of getting the information out to the people that follow even a little and miss a lot. The market manipulation is heavy and the market is volatile in crypto in general. Evan kicks ass and is constantly on the ball and this community is more than awesome. Patience, good constructive criticism and teamwork is driving this ship full of reward to a place where all else will try to follow. It will get there just don't jump ship. If you have whitewater experience this is a "high side" we all just need to crawl over to the high side of the raft In order to slide off this rock and start getting back to the fun.
     
  28. LonnieDRR

    LonnieDRR Member

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    Apparently there is a BOT running on an exchange thats driving the price down right now. Thats why its steadily declining. Cryptsey i think?
    Good time to buy while the price is artificially low.
     
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  29. GreyGhost

    GreyGhost Well-known Member
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    I don't see any Cryptsey BOT selling anything. Don't get me wrong for I'm a Darkcoin enthusiast but I dislike delusions as much as misinformation. Could you elucidate that notion of the price being manipulated?

    I worry. I will not sell my Darkcoins, in fact I bought more and will buy more next and, by doing so, I'm going against my better judgement here (% of DRK in my portfolio is well above my comfort level). Alas, I've spent well too much time in the fiat stock market not to be wary of the terminology, once it's been used here. Some stocks are simple not attractive to buyers; it could be an image issue, bad PR, whatsoever, and not always some evil "manipulation." Even Evan used that stock market terminology in another post, talking about waiting for the "weak hands to exit." This is a reason for concern. The main guy should not worry about any "weak" or "strong" hands.

    All of us should act as a tribe, Darkcoin enthusiasts promoting it. I paid the price for doing just that - two friends of mine lost a lot of money thus far and are angry at me and I have to stay quiet - so all I could do is to buy more and hope the developers will be able to produce a winner in alt market. I still think we're losing on marketing issues. Darkcoin is sliding, dangerously, for a full week now, This has never, ever, worked well for any stock, and if we're going to apply fiat stock market terminology, "never try to catch a falling knife" is what the people, observing the Darkcoin's price, might have in mind.

    Once the price goes too low, nothing will bring it back - no matter how great the product is, for it would be perceived as toxic. I AM NOT saying this is the case, I'm patient and could withstand even a 100% loss on my investment thus far but I would like us all to take a week long, steep drop in price much more seriously than now.

    (and no, I don't care about other currencies. And yes, I am aware it is August. Just my 2 cents of concern :) or, perhaps, I should use :sad: :) )
     

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  30. acidburn

    acidburn Active Member

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    So what do you propose?