Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
I'm seeing 3403 Masternodes at the moment. Smart traders would have traded MN's and bought and sold on the pump, making enough to buy further MN's. That was my strategy and it worked well. Wither the price is 0.005 or 0.02...these are all short term prices. Ride the pumps and make those that don't wish to hold pay for it.
Edit: In my case I did not have to sell my Masternodes...I sold every one of the BTC I had.
and I got rewarded big time. Actually "ride the pumps" is the opposite to "hold" since after price reaching the peak it's unprofitable to hold and host MNs for a few months until the price reaches the bottom again.
Sorry, What i meant was someone could sell a portion of their MN's at the "pumped" price for BTC....then buy back in a few days later and acquire a bunch more DASH and, like in my case, be able to buy addition MN's. The risk in this of course...not being able to buy back in and recovering your Masternodes. I didn't have the need to liquidate my Masternodes...but I'm sure there are a number of MN holders that saw the unsustainable fast price rise of DASH as an opportunity. I'm hoping this shakes out some pump n dumbers out of the way now and tighten things back up and continue our hopefully much slower price rise. I never believe its a good thing to see rises of 30% plus in a couple of days...for any commodity or currency, period.
You must have a heck of a lot of free DASH and BTC to play the market, mate
Yes the strategy works well for almost of any coin, and DASH is truly a trader's dream with 10% swing everytime with decent volume. Congrats!
Thanks... I've done well, I suppose. Typically I don't trade much actually. I've been a long term holder of DASH, since the beginning. I do have A dozen other coins I play with.. But most of. My DASH is held up in Master nodes via Splawiks master node service.
But when silly 30% to 50% pumps in a couple of days happen and there's lots of liquidity... I'll come out and play. Usually though I'm quite conservative when it comes to trading.