Why don't you take a look at your Monero which WAS CODED INTENTIONALLY AS A SCAM with an INTENTIONALLY CRIPPLED MINING CODE, so that some SCAMMERS could mine multiple times what naive miners were mining.
Because first of all no one involved with Monero now (which is a
fork of the coin that was coded as a scam, from which the crippled code was quickly removed, limiting its impact to a few percent at most, unlike Dash's 30% instamine) had anything to do with it, unlike Dash where Evan and most of the instaminers are still out there shilling it today.
Second, because it had minimal impact because steady long term mining distribution has the effect of reducing the impact of any short term issues on launch as in Monero or Litecoin (which is exactly why Dash's instamine, being the opposite, was so catastrophic).
And finally, because prominent Moneroers, certainly including myself and fluffypony among them, are on record repeatedly telling people not to buy Monero unless they are extreme speculators who are comfortable with the fact they will likely lose money. No one is continuing to try to rope in investors with spin and misleading statements and shifting stories about whether the instamine was redistributed or held by insiders as an incentive (reframing it now a "good thing"), unlike Dash.
By contrast, in addition to continued misleading statements about the instamine and the role of
current leaders and insiders, Evan posted technical analysis telling people how great it was to buy Dash (EDIT: quoted below -- read for yourself, if that isn't transparent pumping, i don't know what is) at the same time it was later disclosed he was privately selling it.
And finally because it is off topic.
In what brain dead logic does bringing up other coins like Litecoin or Monero serve as a defense of Dash's massive instamine scam, and of the ongoing shilling and pumping and spinning to suck even more investors into it?. But here's more evidence of AlexGR's continued participation, instead of throwing in the towel and finally allowing the scam to collapse, preventing even more investors from being scammed. Well done, AlexGR.
I'm seeing all sorts of stuff happening in the charts all at once, which is a great sign when you see a bunch of bullish formations at once. This is how I used to day trade for my firm back in the day. The general idea here is you go from the shortest time period, then you walk out to the longest. If you see bullish or bearish signals in all of the charts at once, it's quite meaningful. Here's what I'm seeing:
On the really short term chart, there's a triple top:
Moving averages are crossing as we speak, so momentum is changing from negative to positive:
If you step out a bit, It looks like we're going to cross in a couple days, for a much more meaningful MA
If we break above 0.011, I believe this was a false breakdown
When trading, there's also a couple other things to consider:
- The order book on the buy side, which is quite nice.
- Then there's the fundamental side for the trade (
https://www.youtube.com/watch?v=0GACaNvBlwc, The budget system and governance system? Plus everything we're about to do)
Away, that was fun.... back to coding