Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
xkcdd
on 10/01/2021, 04:52:22 UTC
What friends of ours such as Tokenormal  Kiss don't understand is that the price of an asset is determined by a market.  A market is place where buyers and sellers are brought together to bid on the price of an asset.  When one side overwhelms the other side, the price moves in order to find a new equilibrium - price discovery.  The fundamental forces at play in a market are those of supply versus demand.  DASH has now recovered to $110+ following the news that Bittrex intends to delist dash next week.  The decision has not yet been reversed, clearly we are in a bullish market.  In 125 short days, the supply (issuance of new coins) in DASH will be reduced by 7% (similar to bitcoin’s halving, expect happens yearly and not 50%, but 7%). Source: https://stats.masternode.me this is extremely bullish for DASH (think of lighting the afterburners) Wink

It is folly and stubbornness to maintain a bearish outlook on DASH at this point in time, to do so would put you on the wrong side of history and if you invest accordingly at a financial loss too (not financial advice).

Tok would have you believe that because a stock is not mined, but rather issued by fiat, that the stock would then be worthless (no work required to issued new stock) but the world's stock market show that argument is nonsense, Tok would have you believe that the secondary market, the miners set the price of the coin through their hashrate rather than someone in the primary market.  The analogy of this would be if we observe Tok leaving his house with an umbrella we assume it is going to rain today, otherwise not.  Tok would have us draw the conclusion then that because he leaves his house with an umbrella it will rain.  This is false.  Rather Tok takes his umbrella because the forecasts indicate rain.  Umbrellas do not cause rain.  This is the same situation with the mining hashrate.  hashrate chases price, not vice versa!