Quote from: GBattaglia on February 24, 2017, 04:22:13 PM

Quote from: ddink7 on February 24, 2017, 02:58:27 PM

Quote from: aleix on February 24, 2017, 02:55:37 PM

Quote from: skyline_king on February 24, 2017, 02:39:59 PM

dam dash is on fire, will we see the 50$ mark soon? i think we will very soon

I don't think so. The value is now too high IMO. We are growing too fast.

We need to see the deployment of the Evolution project (with all the features included) for that. Even then.... i don't know for sure.

The problem is our competitors. In the alt world only Ethereum is a worthy rival.

X-posted from Dash Nation Slack:

I've seen several people in this slack who are worried about when the correction will come. This is very reasonable, and commendable even. Don't get caught up in the FOMO. I don't see a correction coming on the price of Dash (other than the typical oscillations, but nothing like going back to .017 or anything). It's important to remember that technically DASH is not worth $26 apiece. DASH is worth .022 BTC each, and BTC is worth 1160 each.

DASH's actual price (in Bitcoin terms) is at a reasonable level that we've seen several times before. As @toknormal points out, there is every reason to believe that this price can and will climb in the coming weeks/months.

The second thing to remember is that the vast majority of our USD price gain comes from the BTC rise. We were at .0245 a year ago (or was it two?), but at that time our price was only $6, because BTC was sub-$300. The reason we're seeing such high valuations right now is because we are increasing in price (in BTC terms) while BTC is increasing in price (in USD terms).

I fully expect a correction of BTC before the ETF news comes out, but of course I could be wrong. Also, a successful ETF throws all the charts and TA out the window.

Try not to think of it in terms of "Dash went from $8 to $26, so when is the bottom going to fall out?" Try to think of it in terms of "Dash went from .016 to .022, which is a reasonable increase over a couple month period." IMO of course...not investment advice, etc.

Have to agree with this for the most part. This price isn't really anything new in terms of BTC so we can't say Dash went from $8 to $26 to quickly. Most people invested in Dash probably got in through Bitcoin. I do think there will be a correction and looking at the chart you can see multiple flash drops. In one five minute candle we were at .0245 and .0225. That is almost a 10% fluctuation during a five minute cycle, obviously indicating the market is a little uneasy with the rise. In just three days Dash went from .018 to .024, a 60% rise. I don't think anything changed during those three days to justify a 60% increase. So we will probably see a mild correction, but this time around Dash might stay above .02 and keep that as a new bottom. If that happens, then that is pretty good price progress.

I don't know but lately I've seen some massive volumes in the Dash / US$ market, getting the impression myself its starting driving the price. I imagine many investors are reluctant to buy with their precious bitcoin hoard but don't mind throwing toilet paper fiat at it.