Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
by
coins101
on 22/05/2014, 19:57:05 UTC
Oke let's see. I'm holding my btc for months now (before Doge, nice community,  but i'm not into crypto to lose money but to save money). So DRK appeared on my radar a few weeks ago (still kicking myself from not bying) and I purchased a decent amount a couple a days ago.

My only concern is: why wouldn't it crash like ALL the other altcoins did, that's the only reason why i'm not really into altcoins and was/am a big bitcoinbeliever. But I could really see Bitcoin as the big brother and DRK as the anonymous little brother.

I really love the concept of DRK but I'm just concerned about the fact that all the other altcoins have been pumped and dumped.

Could someone convince me to HODL! or even buy more...

Mate, I've been here from almost the beginning. If there is one thing I'll tell you honestly, it's that the coin is being pumped. That is the truth. Anyone who tries to tell you otherwise is lying to you.

I have quite a bit of DRK and I've made some money off it. Just don't listen to people speaking good tidings. This is reminiscent of the vertcoin pump in february. Don't get caught in all the hoopla.

What's surprising is the sensible regulars who I thought wouldn't get caught up in the "to the moon" craze are also cheering people on in this pump.

It's been an amazing month, but let's not create hopes that can't be fulfilled. If it falls I expect it to rise again, but there will be price drops along the way! And it will be ok  Smiley

yeb, that is a correct statement.

...but on the other hand we are at 0.016 at the moment
aaaaand at 0.017 there is a #4 spot a snarier occupied to long  Grin

Your ambitions need to be adjusted higher.



On the 'to the moon' thing. Lets face it, the free marketing the price rise has provided is worth some of the risks for speculative action? Happy to stand corrected on that. But being in the top 10 on coin market cap has:

1. provided exposure to those that never knew darkcoin existed. The hash rate has gone up.
2. The sustained price at higher levels has brought in significant trading volume, those with issues about early adopters having had more time to mine waiting for the right time to dump the coin into hell - well that argument has a few holes in it now.
3. The threat of being drowned out as a copy coin by high profile zercoash - well that just got kicked into the long grass.
4. Wired would never have written about Darkcoin and provided extensive exposure. Watch other trade press follow suit. Coindesk as already retweeted the Wired article.

On the negative side, the price increase does put a little more pressure on everyone on the development side. There is a fine balance with these things sometimes, but as we still have a way to go before reaching that $1bn valuation, I say this is the kind of exposure any start-up would get if a VC had just invested $30m into it, that is where we are at, IMO: first / second round of funding.