Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
qwizzie
on 09/08/2018, 11:03:22 UTC
any news on the new roadmap? Should be any moment now right?

Markets are depressing I personally think in the worst case scenario for dash when we continue to have a full blown bear market with btc hitting at least 4k, dash will bottom out around $87-120 since that was the top of our first run up back in 2017 and two grand Fibonacci support lines so it would make sense to test that former top between those lines if we have a prolonged continuation of a bear market coming 6 months. We are already at the(normal) 0.882fib retracement line so measured from the beginning of our uptrend so maybe that will give some support as well if btc stays supportive around 6k. I bought some dash yesterday although it seems markets are not quite ready to bounce just yet so it may have been a bit to early.

Although there is a chance we see a prolonged bear market with btc hanging at the edge of the cliff and with the sec probably gonna delay their  decision about the cboe solidx etf till February 2019 we should not get too depressed since the whole marketcap has already declined around 80% from ath which gives me the idea that we are in or will be entering a bottoming fase. So although we can get a continuation of the bear market the most of the losses have already been lost. So its time to cautiously begin to be more optimistic coming weeks/ months and look for nice buy opportunities and not get caught in the capitulation fase by the whales when they want everybody to think crypto or in this case dash is dead.

I was wondering if the treasury of dash cant have something like a saving account build in for the dev team where in times like these in the future they wont have any funding problems during a bear market.

Next quarterly summary call is scheduled for the 10th of august 2018, which should include the release of the new roadmap
Link : https://www.dash.org/forum/threads/dash-core-group-q2-2018-summary-call-10-august-2018.39895/

With regards to creating a buffer to use in future bear markets, DashCoreGroup started this recentely through a (recurring) budget proposal
Link : https://www.dashcentral.org/p/coreteamcomp0918

With regards to Bitcoin ETF, latest news is that the SEC will decide on 9 Bitcoin ETFs in the next two months. I'm hoping at least the VanEck/SolidX Bitcoin ETF will be approved (seems the most likely ETF to get approved as its coming from reliable exchange Cboe BZX).
Link : https://www.coindesk.com/the-sec-will-decide-on-9-bitcoin-etfs-in-the-next-2-months/

Personally i think that Bitcoin will limit its fall to somewhere in the 5k range, if its bearmarket would intensify. At least i hope it does.
Shit will really hit the fan if it drops to 4k (mining getting unprofitable, severe blood in the street for altcoins etc).