Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
by
defunctec
on 29/10/2014, 18:48:12 UTC
Its called cost averaging, and its one of the most conservative investment strategist around. If you are in the project for the long term cost averaging is an excellent idea.

If dark's price fell to 0.001, as a long term cost averaging investor this is great news. And should be to jams.

Yeah it's a great theory, but it relies on the price coming back up. The fundamentals of DRK might be solid, but that means jack shit in the cryptocurrency World.

So again, investing in cryptocurrency is paramount to gambling. Plain and simple.

I own a decent amount of Bitcoin and Darkcoin. They're the only 2 cryptocurrencies I have interest in. Admittedly I use Bitcoin pretty much daily for various services and supplies, Darkcoin not so much. But I still consider both a gamble in terms of return on "investment".

That's why no matter how smart you think you are, what clever trading techniques you apply, the core rule still applies... Don't buy what you can't afford to lose

I completely agree and I'm not disputing that.

But i disagree with the whole "This is crypto"
Darkcoin is tech. Useful tech tends to be used. If dark is used the price will rise.

Its more risk than a gamble, investing in crypto is a risk. That risk can be managed with a bit of research.