Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
by
foolio
on 07/06/2014, 12:37:17 UTC
Quote from: sunnyW78 on June 07, 2014, 08:57:29 AM
Quote from: T.Stuart on June 07, 2014, 07:42:59 AM
Quote from: foolio on June 06, 2014, 11:23:48 PM

Here are a couple of charts, one is the bitcoin chart, the other is darkcoin.

You have to be careful comparing these charts because, aside from the differences in fundamentals between the coins, the bitcoin chart is priced in dollars (a stable currency that traders do not generally tend to look beyond - ie "if I sell my Bitcoins here how many Euros will I get for my dollars today compared with yesterday") and the darkcoin chart is priced in Bitcoins (a volatile currency the dollar value of which traders check multiple times per day).

You are too naive. The charts wont simply the same as there many differences, such as time, stakeholders, foundations, environment, policies, etc.

Yes, I'm aware of that, but thanks for pointing it out Smiley

Sure there are many differences between bitcoin and DRK, but the psychology of market participants is basically the same (speculation driven for the most part). I certainly have no great confidence in predicting what will happen. My gut disagrees with the analysis from the chart, it says the market is going to go sideways and gradually rise up to the next rally as long as the releases and fixes come along on schedule.... that we are "done going down". In fact I'm tempted to buy back because it seems the price could go back over .02 in a heartbeat at any moment.

Some far more experienced persons than myself are suggesting that the standard "stock bubble chart" applies at this moment to DRK. I guess we'll see here over the next few days.