Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
jdmcg
on 12/11/2020, 22:25:31 UTC
Historical data about masternode number shows complete correlation with dumping of some masternodes coins during bull run and rebuying after it. It cant be more obvious,but if you choose not to see than it is your choice and talking about it becomes futile.

There is no assumptions.Masternodes number fell just 12% during bull run,it is a fact. 12% owners sold coins,others 88% not. Your assumtion is that 88% are some unbeliveably stupid, crazy rich people who are so stupid not to profit when price of coins went up 100x and more? Maybe there are few of them,but overwhelming majority of people which made a lot of money are far from stupid.

I dont know if it is a conspiracy or not,but I know that DASH mining is deeply unprofitable for a long time if you are not running masternodes too. Also,all decisions by DASH team were in direction to remove ordinary miners from mining DASH and despite mining is so unprofitable ,they are continuing with decisions which will make it even more unprofitable. That is no make any sense,except if they are directly supporting system where big masternode owners take control over mining too.

What masternode owner have to mine DASH over anyone else? - Well, everything. Large masternode owner will take complete control of coin by controling masternode network and mining operations.He can mine coins below any price(50% lesser) ordinary miners can. On such way he can manipulate market with no problem,by selling coins to push price almost to 0 or to stop selling if he wants to push price up.He has not to fear what will miners do during the pump,when will they dump theirs coins or save them. He also has not to fear from pushing price too low, which can cause miners to shutdown mining and endanger network.Due to reward of 50% free coins with 0 cost and mining control,he can dump coins as long as he wants,until he sinks all other investors and miners, by pushing price to almost 0,forcing them to sell with huge losses.

- Controling masternode network,

- Controling mining operations and supply

From two things above, control of market ,price and coin itself by removing any competition and uncertainity from miners or investors side is a inevitable consequence.

That is also reason why we have not institutional investors in DASH.They are not stupid people to invest serious money without prior due diligence of the coin.

Only problem is to push demand by finding enough fools to buy 0 cost coins for a price as high as possible,when the time of pump comes and dump hard on them later.That is why we have so much false positive news and false positive opinions on forums, trying to make hype as big as possible, counting on stupidity and greed of unexperienced newbies.

You're talking about stuff that any whale does for any coin. You fancy yourself a detective that has somehow discovered something based on a whole lot of assumptions just so you can pat yourself on the back in pride that you are so knowledgeable. You must be rich but then why would you be here? I've made no assumptions. I didn't say 12% sold and 88% did not. This is your assumption. You also base your opinion only on net masternode count changes, not as they happen. You don't consider OTC markets. You don't even consider coins not dedicated to masternode collateral. You make assumptions that if a new masternode was setup that those 1000 coins must have just been bought and if a masternode comes down, then the 1000 coins must have been immediately sold.

I didn't call anyone stupid. You did. You called people like toknormal stupid for not selling at the last ATH. I'm more sympathetic. It's human nature to get caught up in the euphoria and not take profit when one should. Most do not do well in markets... many studies show much less than 10% have the emotional fortitude to buy when everyone is crying (hint: like now) and sell when everyone is celebrating.

You still haven't completely answered the question. Why would a masternode owner continue to mine DASH if it's not profitable? Why wouldn't they mine XMR? Why wouldn't they buy more DASH than what they could mine for cheaper? Then they could control and have even more masternodes, no? What advantage are they really gaining by also mining DASH. They already have the power to push the price lower than is affordable for a DASH miner to be profitable at. And what if your theory happens to be correct? What if some masternode owners are actually also mining and inefficiently achieving the goals you claim they are when they could do it far cheaper? What then? What does that change? You think BTC has not been manipulated by very large holders since it was created?

Institutional investors are buying DASH. There's a reason it's on Coinbase. There are public companies trading on major stock exchanges that have invested in DASH.

Although DASH is only in the top 30, it has far more worldwide exposure than many of the coins ahead of it on CMC. Time will tell but it seems to me 2021 is going to be sweet.