Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | RC4 Testing
by
dreamspark
on 29/07/2014, 12:42:34 UTC
a lot of people are waiting to releive the bag they are holding.

Somehow I doubt this - there has been a lot of selling during the last weeks, and by now most who are holding and haven't already sold are not looking to get rid of their coins. I would guess most people are instead waiting for the 10 DRK Darksend limit to be lifted and the code open sourced, so the real world usage can actually start, and we can start marketing it to merchants.

Or another way to look at is;

There has been lots of selling during the last weeks, the majority of which may have come from the early investors who are still securing x20+ profit. The others who were later to the party are still holding their bags after being told that rc4 will bump the price back to where they bought it. When this doesn't happen, as I suspect, they will just sell anywhere near their buy in point thus supressing the price. We don't need to argue as its unprovable (at least until rc4 comes out whenever that may be) but a lot of money is moving away from DRK, speculators may buy back in to ride the short pump that will probably come after rc4 release but I have huge doubts about getting anywhere near 0.027, nothing justifies a 3x price increase now.

I still hold some drk as a hedge but Im expecting it to dwindle.


ahh incase you havent noticed there are now 830 masternodes, there is more people actually locking their coins away...well the smart ones anyways.

To be expected when the price goes down. 830k out of 4.5 million cant stop the price decline. We shall see how it all plays out anyway there's only one way to know for sure.