Post
Topic
Board Altcoin Discussion
Re: Is BitcoinDark severely undervalued?
by
whetherman
on 25/02/2015, 06:00:56 UTC
BTCD will be the reference currency for the InstantDex decentralized exchange, which is nearing completion. This will allow a large liquidity aspect no matter which pairs are being traded. Dividends from InstantDex and Supernet both flow into BTCD. In addition, the BTCD teleport system will serve as the main anon backbone for the entire SuperNet ecosystem.

Most of this has been happening well under the radar - out of sight of this forum - since the SuperNet / BTCD community works in a decentralized Slack-based structure (currently around 400 active participants, 100 channels). The recent implosion of BTER has led to a full court press on finishing both the GUI and the backend of the InstantDex decentralized exchange. The current activity in the Slack is quite impressive to watch - both in the level of activity, and the decentralized mode it is all happening in.

The low liquidity for BTCD currently is a symptom of both a deep-set holding mentality among current investors - who are well aware of what's ahead for BTCD - and the disappearance of BTER, which was the most liquid exchange for BTCD. Add this to the fact that BTCD is being ruthlessly accumulated each time it drops below 4.

So the previous poster's advice is solid advice if the trading time frame is day trading.  Viewing the longer time frame a different picture emerges.