Anticipating Dash Hits $800+ within 12 months
While Ethereum and Ripple were crashing, DASH held steady right under $200 USD. The entire cryptocurrency market crashed, and Dash was hardly phased. This feat was accomplished after Dash had already rallied from $11 to $210. This is a 19x return.
In fact, Dash is due for its own parabolic run higher. The last run Dash had to $100, was a parabolic run.
Notice the trend lines I drew, which accelerate as each phase of the rally happens. I expect this sort of movement in the future for Dash, mainly due to Q4 2017 releases of initial stages of Dash Evolution. These trend lines are not perfect nor drawn by any specific methodology, just that in parabolic moves we can expect a steepening slope to form, which eventually tops out.
I just watched the video outlining the Dash Mastercard last night. I'm impressed with the leadership and vision from the Dash team. They're looking to solve problems.
DASH is seeing the big picture. Getting accepted by Apple was a huge deal. They are approaching the general masses. DASH for sure will grow like crazy. Go long my friends!
That certainly is a vote of confidence and one of the only cryptos to be accepted.
The value proposition is very strong. Looking forward to it !
I am Groot! :D
Dash is a very good cryptocurrency. It has a good technology and less volality than lots of cryptocurrencies. Its price will probably grow in the next few months.
Will be watching Dash more closely now too Ted. Notice I can purchase it with my Exodus wallet too.
It's probably secondary to the Masternodes, this gives an incentive to keep coins out of the market even if there's a crash, problem is that it kind of is like a security and the legal ramifications of it... I don't know.
PoS, which is what a masternode is, is generally considered "mining", as far as I know.
That said, I think where Dash could have a reg. issue is their whole governance system. They have very strong leadership from their foundation which is basically voted into existence through their budgeting system. I think the SEC would have to conclude (unlike the DAO) that the budgeting system at least is truly organized as a decentralized organization. That said, that decentralized organization has basically handed off the reigns to a centralized organization operating in the USA with office space. And they run their management in that capacity, as a central organization.
That said, I think the mining + PoS may effectively save Dash from being a security. There is a strong inclination in US government that bitcoin is not a security because it is mined. PoS has seemed to fall under this as well. Since voting rights are all derived from a distrubuted mining system where anyone can participate and not an ICO like the DAO, I think the SEC is less likely to try to upset that precedent.
If the SEC did go after PoS algorithms, it would affect Ethereum as well when that switches, and many other PoS coins.
The problem with proof of stake systems is that they could be more easily seen as securities. One of the tests for a security is that income is derived from the work of others. Supposedly Bitcoin and other mined systems don't qualify, but master nodes derive passive gain to their holders and people can create pools of stake and thuis deriving money from others. The same is gonna be true about ethereum and the rest of the projects by the ethereum foundation. At the moment all we know is about the DAO's particular case but who knows what might qualify as a security.
I also don't like much the X11 cryptographic algorithm in Dash and the whole instamined 2 million coins by the creator and all the rebranding of its past (Xcoin, Darkcoin). Only instasend technology in it seems particularly good.
The SEC already called Ethereum a currency, though, in their latest report. Meaning, they'd have to reverse on that statement. That said, it is mined, so if it switches, maybe the SEC eventually switches their stance.
If they do, expect a large ETH crash. Coinbase, poloniex, and bittrex would all have to stop trading ETH with US citizens.
Yaaa I'm also very impressed with dashcoin!! Market cap - 8.6 billion would be top 3 when it will come ... private block - as sent link above - mobile payment solution - VPN.....make one more column in the posted pic of yours and fill all detais for dascoin....lolzzzz
Interesting. Hard to believe something is "due for a parabolic run" It just made a parabolic run to $200.... Depends on how you view it.
In crypto, parabolic runs layer atop each other, the last one is part of the continuation of the initial phases of Dash's next run, in my view.
I knew you were going to say that. Yes they're parabolic just levels of parabolic following one another agreed. What is your top altcoin pick now that bitcoin is running? DASH?
safex coin is on a roll , looks good for long term
@vegeto - just me, but I usually wont buy on spikes. Only time people buy on spikes and make much money is if they are day trading. Starts to spike and they hop on board for a good ride higher and then sell a few hours or days later. Charts that go straight up generally crash pretty good. I don't know much about SAFEX coin, though so if you researched it, you know more than I do.
Dump wont happen till chile blockchain is released