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Why Dash doesn't increase price when Bitcoin increase but...

Discussion in 'General Discussion' started by Đình Villa, Dec 7, 2017.

  1. Đình Villa

    Đình Villa New Member

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    Why Dash doesn't increase price when Bitcoin increase but Dash decrease price when bitcoin decreasing?
     
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  2. jimbursch

    jimbursch Active Member

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    Because Dash is not Bitcoin and Dash can be traded directly for USD/Euro/Yuan without Bitcoin.
     
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  3. dashingSoldier

    dashingSoldier New Member

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    But why? That is the question. You can exchange BTC for USD/Euro/Yuan. So no different.
     
  4. jimbursch

    jimbursch Active Member

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    Well, the simplest most direct answer is that there is no direct correlation between the price of Bitcoin and the price of Dash, just as there is no direct correlation between the price of apples and oranges.

    It used to be there was a correlation between the price of Bitcoin and Dash, back when you had to buy Bitcoin to get Dash and vice versa -- USD/BTC/DASH. Since BTC was an intermediary in every USD-DASH transaction, a price change for BTC got transmitted to DASH. There was a lag in the market price signalling.

    At least that's the way I understand it. I could be wrong.
     
  5. Đình Villa

    Đình Villa New Member

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    That is not clearly. I see that #bitcoin is like a gang of mafia and they swayed price of bitcoin, pump bitcoin and they can own altcoin and sell off altcoin to keep price of altcoin low, very low and cheap.
     
  6. GrandMasterDash

    GrandMasterDash Well-known Member
    Masternode Owner/Operator

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    There are various moving cogs but regarding corruption, it applies to all coins; many miners and exchanges are forward running orders. Maybe less over time as decentralized exchanges improve.
     
  7. Đình Villa

    Đình Villa New Member

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    Dash need to escape of bitcoin's effect. All of exchange uses bitcoin as base coin and like VIABTC.COM (it announced that Bitcoin cash is base coin), Dash need to be in a exchange then Dash was choosen base coin, no denpending on BTC.
     
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  8. Shafeeq Siddiqui

    Shafeeq Siddiqui New Member

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    If one wants to invest in Dash.. pls advise .. is it like buying stock? If so how do I do it? Tks
     
  9. Đình Villa

    Đình Villa New Member

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    DASH is clear better than bitcoin but many many people who wants to buy and owns crypts doesn't understand that. DASH is needed to popularize to every body in the next time.
     
  10. Đình Villa

    Đình Villa New Member

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    Wow... Ethereum with total coins over 97M is going up to $550 but DASH with 18.9M coins is stopping ad $750. What are developers of DASH doing?
     
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  11. last_dash

    last_dash New Member

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    Because Dash doesn't position itself as a stupid bubble asset for wolf-of-wallstreet idiots to pump.
     
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  12. last_dash

    last_dash New Member

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    Please don't invest, you have literally no idea what you are doing and are going to lose all of your money.
     
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