Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
toknormal
on 27/09/2015, 09:09:31 UTC

On the good side, again, the efforts Evan and the development team is putting into this is heroic. A perpetuum mobile - funding via MN income - might be enough to keep this project going for months and months...As such, as the BTC competitor that DASH in its core is going to be, it still has a chance for huge profits but these chances might be diminishing daily.

Interesting post wozzek23. I won't reproduce our well rehearsed exchanges, but I think I need to point out that your appraisal seems to be missing one core aspect - your own view of a technical ideal. i.e. if you don't have a vision to act as a reference for where you think a project like this 'should be going' (other than "up in price" that is), how can you possibly gauge its performance against intended objectives ?

Markets work best when everyone makes their own valuation as to the merits of an asset - thats when the price most closely reflects the real fundamental value as opposed to a speculative one driven by day traders.

As you know, I've posted plenty on what I think the technical objectives for a cryptocurrency should be and how Dash most closely matches these (for my part in the market depth chart). That is with my "cold hearted investor" hat on. I'm not saying it guarantees ultimate success, I'm just saying it guarantees it better than anything else that's currently on offer at the moment.

On the bad side of this: trading volume is pathetic. Market cap is irrelevant...

Are you serious ? I don't believe you actually believe this. About a year ago (which is pretty much an eternity in this economy) I started to notice a consistent pattern across all the new hundreds of coins that were starting to appear. That pattern was that once gained, a high markap cap always "stuck" with regard to a first mover relative to its clones. I'm speaking in relative terms - everything across the board follows a standard profile of a big peak followed by a slow loss of value - but take a look at the top 10-12 coins on marketcap and what do you notice ? They're ALL originals in their class. They've survived a battering from a flotilla of clones, not by virtue of having the best tech or best distribution or best anything, but by virtue of having been the first to achieve a high marketcap. If you think that "Market cap is irrelevant" when comparing Peercoin to Cinni Coin, Deutche eMark and Fluttercoin then with respect, I don't think you've properly considered all dimensions of what marketcap represents. Sure, in theory it doesn't matter, but in practice it does - especially if it's earned (as opposed to temporary 'fixed in place' by a huge coin supply and minimal trading).

Dash could loose half its value from here and still retain primacy in its class. Thats a pretty good cushion to be working off of IMO. The question of trading volume is more one that affects all cryptos outside of Bitcoin and Litecoin because those are the only two high liquidity markets in the entire world to speak of. I don't think that means jack for adoption, though. All its done for Litecoin is batter it to death over the last 3 years while making a lot of money for speculators. If there were another 20 coins with that type of volume and Dash wasn't amongst them then I might worry.

As it is, Dash is currently number 6 in marketcap and ALSO number 6 in trading volume according to today's stats. Not bad for a project that's doing everything right on 'fundamentals' as well IMO  Wink