Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
ddink7
on 27/01/2016, 18:44:16 UTC

If the price stays relatively stable for long enough (a week? a month? three months?), then some of them will assume the price is not in fact going to go down, and will buy back in, driving the price higher. A higher price could lead to panic buying, as people who really want to be invested in Dash seek to buy back in before the cost of doing so rises even further.

Nice theory. Even nicer if it's right. It could well be.


As for me, I'm quite sure the price won't stay at the current level even for 1 month. Either the pump will continue or it will begin a long journey to the previous levels of 0.005-6 in case the manipulator has completely left the market.

I wonder if this isn't a pump, but a revaluation? We now know that over the last year, the Cryptsy hacker has dumped 7% of the entire supply of Dash (450,000 coins). This one person was artificially manipulating the market by dumping coins he should not have had (that presumably would have been in "stronger" hands).

Now that he's tapped out and is no longer suppressing the market by selling coins at any cost, price should rise. Assuming stable demand, a smaller available supply should result in higher prices. Yes, we've gone through a rapid price increase in the last two months, but maybe it's less of a pump and more of a situation where the market is adjusting to this new equilibrium.

Just a theory and I could be completely off base. It does stand to reason that the price should appreciate some, in any event, now that the manipulator is out of the market.