Okay guys... I guess I need to weigh-in here on the whole Dash situation "big picture" given that the damn shitcoin seems to be about to break $100.
Un-frikkn'-believeable but... there it is.
So: am I butt-hurt? Yep. Freely admit it. Fact is that I did HODL 50 Dash from over a year ago until just recently (like last October or November I think) when I decided to dump it and 'consolidate' my crypto portfolio around only "what really mattered".
So, yep I've missed out of this pump even though I should not have, given that I WAS holding *some* Dash just as a "hedge" until very recently and stupidly I sold it off JUST BEFORE this run started.
Back in October-ish the 50 Dash I had was worth about 1 bitcoin and now, today, it'd be at 4 bitcoins.
So that's two doublings 1-to-2-to-4 that I missed out on. Opportunity cost of 3 BTC. That would've made it my third-best crypto investment of all time after Monero and MaidSafe overall returns and it would've beaten my overall bitcoin performance (one doubling) by twice.
So, yeah, it sucks and I feel stupid but can't win 'em all I guess... right? LOL. Still ButtHurt.
Anyhoo....
The $64,000 Big Question NOW is... what to do about this situation? Let's look at "reality" as best we can.
Dash is no competition to Monero. We know that.
The Monero/Dash fighting is really over IF we just are thinking about the best fungible (private) crypto. Monero Wins On That, No Question, Game Over, End Of Story.
But taking a step backwards it looks to me like Dash isn't really competing on that point any more. They've ceded that point (mostly) and nowadays they are trying to SELL their shit premine scam coin as being JUST a little BETTER than BITCOIN. It has faster and cheaper transactions, apparently, even IF it does not have better fungibility or anonymity (which is simply also true for bitcoin).
I thought that this recent DashPump would never get to $100 but NOW here it is and it's come RIGHT ON THE HEELS of the latest, biggest, noisiest and messiest battle between BlockstreamCore and Bitcoin Unlimited (yesterday this node bug crashing shitstorm mess).
SO is it really POSSIBLE that this latest Bitcoin Disaster has driven more real money/value into... aaaaah... can't bear to say it... DASH REAL USE??
Or is ALL this really STILL just the most Epic Mother Of All-Time PUMPS by the Dashhole Insiders, trying to desperately make a Hail-Mary Pass and *buy* some expensive *legitimacy* for their scam coin at the last minute *before* the actual real-reality takes over again and consigns it to the dustbin of history? Dashholes may actually KNOW that most likely coinbase is going to adopt Monero soon, for example, and when WE hit $50-$100+ on that fact (soonTM) it may be the end of the road for them.
I'm willing to listen IF any Dashers around here wanna try and convince me using real FACTS/DATA that I've been wrong that it's a scam coin and pump-dump here lately, just on the theory that *maybe* Dash only needs to be a little better in some small way than BITCOIN (not Monero) to justify this crazy price rise.
Really trying hard here NOT to be "emotional" about this kind of investment decision but under the circumstances it's pretty hard LOL
I agree, they aren't trying to compete with Monero anymore and that being a 'little bit better than BTC' is what they are trying to be.
It's not a bad strategy and they seem to have the marketing budget and style reasonably well thought out.
And it cannot fail to be noticed, but it's mainly because of this rise in price.
However, there is no point in being pissed off about it, as it's a BTC based coin, which we are not. It is technically inferior and essentially centralised and with a corrupt system which allows for exponential marketing spend growth at the same time as an incentive set up to ramp up the price while keeping supply artificially below demand.
Its advocates are talking as though it is already spendable anywhere, but of course this is false.
Its rise cannot continue exponentially, the law of gravity applies. For now they have come up with the best scam in crypto, though and they won't / can't stop.
However, it must end in tears and the code of this coin will now be tested. In every sense.
The higher it goes the further it will fall.
If it does crash as hard as it should, then it will not be good for crypto. 'Bitcoin copy-coin loses hundreds of millions as hyped ponzi scheme collapses' will be a story the press will love.