You probably know I've done my homework on darkcoin, and because of it I've been continually buying on the price rise. If you haven't seen my homework, I'll spam it here again.
https://bitcointalk.org/index.php?topic=579976.msg6335710#msg6335710The current price is like a first /second round start-up valuation. If you go out to silicon valley with a project that has the potential - that is all it needs, potential - to be the future eCash system of choice, even a second runner behind Bitcoin, then VCs would give you $100m and more. And you know it that is possible, because that is how they work.
Darkcoin is undervalued right now. If it can get to $1bn in a few years time, a $50m valuation buy price now is worth the high risk gamble.
Yes you have. And you should know that I have been active here too. I was even a rather rabid person at times defending this coin against the likes of anoncoinlover and hyuksunnum or whatever.
Looking at the market movements, the movement of the particular buy walls is more than enough proof that the coin is being propped up. The pumpers don't need to "dump" coins.
If they put their buy walls at 17 and people buy up their coins at 19, that is how they cash out. When they take out the buy walls, the coin deflates, thay buy in cheaper and reestablish the buy walls. Rinse and repeat.
The people here getting angry at what I'm saying are already enamoured with dollar signs and I won't blame them. I am giddy about it too. Just hoping we can keep a little sanity here.
As for your valuation, if there are not enough markets using DARKCOIN, the high price would be unsustainble. LTC is currently sitting pretty up there because it was basically the second and rode the "bitcoin alternative" train.
DRK has a long way to go but understanably it just might get there. Question is, when?