IMHO, DASH (or Bitcoin) has no intrinsic value, its price is a pure speculation and subject to market forces.What forces can cause dash to go up or down in value?
Yes, and even in your examples, there is always the "value" (cultural value, for instance) and the price (market price) of the pieces. I understand that OP (all all other posters) meant "price" in this topic (not value).No matter what anyone says, it's the market. Plain and simple.
Take a Picasso to the middle of the African desert to a nomad tribe and try to sell it. They'll probably offer you a portion of their dinner in exchange for the wood in the frame to make a fire with it.
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it is a general crypto thingDo any of you guys know whats happening to the dash price right now? It has fallen quite significantly in the past few days (more than 10%). I tried to find some news about the possible cause bout found nothing. Any ideas?
Recently, when I said the price was falling (and explained why), I was met with denial. I am not at all surprised the price is tanking, it's been drifting downwards the past two months (see coinmarketcap).Do any of you guys know whats happening to the dash price right now? It has fallen quite significantly in the past few days (more than 10%). I tried to find some news about the possible cause bout found nothing. Any ideas?
sorry but - that is total nonsense !Recently, when I said the price was falling (and explained why), I was met with denial. I am not at all surprised the price is tanking, it's been drifting downwards the past two months (see coinmarketcap).
My explanation is simple; the Legal proposals and the work with Coinfirm. It turns out, dash's "governance" system is better described as a grants system, because it doesn't stop the core team doing stuff that nobody voted for... they'll just do exactly what they please regardless.
Members of the core team conspired with Coinfirm and equally, at the same time, refuse to strengthen dash's privacy. They don't want to implement, for example, Shadowcash technology; they'll argue that PrivateSend is better when there is hard evidence to show it isn't. Companies like Coinfirm are increasingly eroding privacy on the block chain and they are having two-way relationships with companies like ShapeShift, Vodafone and so on (these are verifiable facts). Additionally, the core team have done nothing to help protect MNOs... end users get the privacy but MNOs are exposed to the risks / liabilities.
People can see these imbalance and realising they have little to lose by going back to bitcoin.
See...
https://www.dash.org/forum/threads/...ash-integration-for-aml-kyc-compliance.11065/
and...
https://www.dash.org/forum/threads/...cash-technology-and-truly-be-anonymous.10936/
....and there you are, exactly the denial I talk about. I say the past couple of months and you talk about the last 8 - 10 months because it fits your argument better. @KryptoTypek asked "Do any of you guys know whats happening to the dash price right now? It has fallen quite significantly in the past few days (more than 10%). I tried to find some news about the possible cause bout found nothing. Any ideas?" Clearly KryptoTypek has seen a change and I'm pretty sure we can discount ICOs in the past few days!sorry but - that is total nonsense !
proposals (the core wanted/needed) were voted down before and will be again !
this whole conspiracy theory you are riding there does not make sense at all.
the last 2 month in dash and crypto there was a lot going on , BTC above 630, 'z' coins/cash launching this month all over , there were a ton of ICO's going on .....
this is just the markets and has nothing to do with Dash direct
(this is obviously my personal opinion - as much as your personal conspiracy theory)
Edit
the charts really depend on your zoom !
we rise from 4$ - 13% over the last 8-10 month ! check the charts and u see were all 'on track'
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300% in 4 weeks? how is this not good?A lot has been said already but i just want to add my voice since this comment would be the most recent in 2017.
I have been studying the value of Dash for a while now and it's not looking good.
while we can argue that the value of BTC has caused the value of Dash to drop, i still think that doesnt have to be the case.
if you take Etheruem as an example, it has been on the rise for a while now and BTC is also on the rise. There are other currencies that have been rising steadily for the past month, so why should Dash be dropping.
I personally believe that Dash has a better chance of surviving the crypto-bubble and making it in the long term because of its governance system. but for now i think something is wrong somewhere and it has to be fixed, and quick.
well now dash is almost below $50.300% in 4 weeks? how is this not good?
You know right, it's currently almost below $50.I think this is a good chance to buy more Dash, and I wished I could buy more now.
Dash is currently at 76. It went from below 50 to 76 in 2 weeks. Most of that jump is due to the "kraken" news. Being able to buy dash using fiat is a huge plus, and kraken is one of the biggest exchanges in crypto. In my opinion, dash is only going to go higher from here.You know right, it's currently almost below $50.
The spies and the stupids.What forces can cause dash to go up or down in value?
Spies are spreading FUD , claiming that millions of spam proposals will occur in case the governance questions will become cheap. Spies have been instructed by their employers to destroy the DASH governance system, at all costs. And the easiest way to destroy the governance system of DASH is to make the governance questions too expensive. This is one of the reasons why DASH's dollar price increases. The employers of the spies tremble with fear when they realize that a cryptocoin will occur that will have effective governance, so they want to control it and intercept it, so they buy in order to gain voting rights and vote against whatever proposal is towards the effective governance goal.
Price doubled again. May never see these prices again.Dash is currently at 76. It went from below 50 to 76 in 2 weeks. Most of that jump is due to the "kraken" news. Being able to buy dash using fiat is a huge plus, and kraken is one of the biggest exchanges in crypto. In my opinion, dash is only going to go higher from here.