Quote from: bamsterdam on August 09, 2018, 01:34:01 PM

Quote from: qwizzie on August 09, 2018, 11:03:22 AM

Quote from: bamsterdam on August 09, 2018, 10:35:49 AM

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).

Thanks for the links will check them out. I was 1 day to early for the new roadmap haha im excited to see what will be on there exactly.

Good to hear they created a proposal for it. Although this is something that should have been done already its good that they are working on it now. The dev team like most of us probably didnt expected such a deep bear market and with plenty of room in the budget the probably felt comfortable but the chance of not beeing able to fund the whole dev team should not happen again in the future.

In regards to all the ETF proposals the one we are all waiting for is the vanEck/solidX etf. The problem with is though that the sec can delay their decision on approval once more till feb 2019. I dont have a understanding of all ETF proposals but from what I read the solidx ETF has the most chance bc of Cboe, so if that one gets postponed to feb before being approved and in the mean time all other ETF's will be denied this could lead to some further down pressure coming months.

I would have agreed upon the 5k low for btc if we have had it already before the last uptrend we saw but now we already again at the 6k mark where we have only started our downtrend two weeks ago so if we do break to new lows and all etf's will get denied and the most promising postponed once again I think it can go to 4k. I hope not off course but like markets can be irrational in the upside we saw last year it can be on the down side as well. On the other hand if we can hold 6k zone that would be the 4th time btc would find a bottom in that area which would be pretty bullish imo and confirming we are at the consolidation fase where we are making the new base for the next bullmarket to come.

Either way its risky to sell or buy right now but one thing is certain the bear market will end. We have survived the 2014/15 bear market with much less to show for then we have now and not only dash but the whole crypto ecosystem its not a matter if we get another (this time institutional) bullrun but when it will happen and this for me is a big difference with the sentiment most people felt in the former bear market. Crypto wont die and with a bit of luck evolution will come out when sentiment is turned and dash will once again be market leader of the next bullrun like we did in 2017

Nice to see some non-trollish posting. Your feelings sound similar to mine regarding the ongoing bear market. I think its getting more risky to sell hoping to buy back cheaper, although could pay off, its not the way I'm playing it though. On weekly scale RSI, is into oversold territory. MACD also. This tells me we are in an accumulation zone. Playing the longer term game, I've already bought and have buy orders waiting if price drops further. Maybe I'll share my chart later but Dash is getting close to what should be strong support (anything above 0.024 if I recall). I can wait as long as it takes