Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
ddink7
on 06/06/2016, 14:06:06 UTC
For anybody that's concerned about the price of Dash at a given point in time, consider two very big factors outside our control: the correlation with Ethereum's price and the inverse correlation with Bitcoin's price. With a few exceptions, significant increases in the price of ETH tend to benefit Dash by focusing attention on altcoins, while significant increases in the price of BTC do the exact opposite. In the last major BTC price increase (late last year), our price in BTC terms was cut in half (roughly .011 to .0055), although in dollars we stayed relatively stable.

I mention this because I know there's always concern when people see the price move, particularly in the "wrong" direction. It shouldn't be a concern over the long-term; we're a very small project that's being driven about by the waves and eddies of those that are much larger than us. I do not believe this will always be the case.