Ninjastic
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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Supercrypt
on 03/04/2017, 12:38:19 UTC
Quote from: explorer on April 03, 2017, 05:29:15 AM
Quote from: ArticMine on April 03, 2017, 05:06:25 AM
Quote from: explorer on April 03, 2017, 03:47:12 AM
...

I'm still missing how dash is involved.

A falling DASH/XBT or DASH/USD is an indicator that anyone who is short Monero would be wise to pay attention to. Just look for example at what happened in August 2016. First Dash falls then Monero rises. Theoretically one can make a case that the Monero markets are un-correlated to the Dash markets; however there is still a significant amount of emotion on the subject in both the Monero and Dash communities for short term leveraged traders to ignore.


Ahh.  An oft noted correlation.  Thank you for the explanation, I DID take it as an April Fools joke Cheesy.  Dash is still 3x what it was when my eyebrows started to rise, so there may yet be time for wisdom, if no native affinity, among Monero shorters.
I didn’t know the correlation too. Do you know why that is tough?
I mean why is there a correlation between dash price rising and monero price dropping? Is there like a eth,etc type of deal between them? What is the history that causes this reverse prices?