Hey guys,
Great conversation you guys have going here. Looks like a little venting, mixed with some insightful thoughts and excellent ideas. Since I'm joining the conversation late, allow me to catch up, as I have a lot of thoughts on this topic as well:
There are large investments in Dash and when the only thing you see is down you start questioning your sanity for investting. Higher prices bring more investment which brings more attention which brings more investment, it's a virtuous cycle...
I myself have been waiting to pick up another 10 MN but I am reticent to invest when I don't understand what is going on. It was fine to see depreciation 4 cylces ago, but now it's a real trend and I don't get it, we have had nothing but good news.
Pablo.
Dash is so early in its development and marketing cycle, current prices are basically meaningless, from a long term perspective. Our product is not finished, existing in Beta only, and being radically changed and refined by day seemingly. Any substantial marketing effort now would be wasted due to confusion of the public. What's more, it's not very user-friendly. This good news we are having is great, as we are setting the foundation for the future with each glowing report, even if it doesn't affect the price. As for your investment, only you know what you're comfortable with, I for one couldn't care less if it goes to .0001BTC before its potential kicks in.
Incomming Amsterdam Wednesday Meeting can bring a lot on the table.
This meeting should reveal some of the puzzle, as Evan is keeping his cards close to the vest, and has said he will not reveal all of Evolution's details there as it is simply too much to digest at once. The price may spike a bit, but adoption and demand is the key to sustained price advances...
There is not enough demand at the moment, that's all. Nothing to cry about, get the cheap coins.
Exactly this. No demand. Everyone who is in is already in. This is why I continue my Twitter campaign, trying to expand our base slowly, getting crypto types to see the benefits of Dash from a speculation standpoint. The Dash value right now is driven only by traders and whales. When Dash is ready for a full on marketing blitz (easy to use, close to a finished product), then we will start to see utility drive the market.
The price used to drive me crazy, it was like a slap in the face to all the work done. Now I realize it's just such a fickle space, cryptocurrency, that we're not going to be able to make sense of anything for a few years yet, IMO.
You really need a lot of patience. This is no get rich quick scheme, and we have lots of enemies who would like nothing better than for us to fail. We have a LONG way to go.
I think we should not look at its price but instead we should introduce Dash to crypto developers, technical people, PR and marketing specialists...
This is the best use of our efforts at this stage. To hell with the price, just keep developing and refining, making Dash a slick product that people like using. This is key, if we want demand, we have to make it a great experience using it. Right now, it is not, TBH. That will only come with time. Patience is needed here. However, there is nothing wrong with all of us doing one small thing for Dash every day. It sure adds up that way.
I agree with the idea that our fundamentals are great and that we have long term prospects; but is it really okay if we start seeing $1 in two weeks? And are these really "cheap coins" or just a pile of "losses"?
Pablo.
My thought on this is that as long as you believe in the fundamentals and long term prospects, today's price doesn't matter. As soon as you stop believing in these things, it's time to exit your investment.
It is when all hope is lost and investors wait for someone to save them.
It has to change.
Agreed. Nothing is going to come easy, and it would be helpful if more people became hands on. That's the culture we should be creating here, everyone doing something for Dash, no matter how small.
We are not getting noticed outside the small crypto community, not getting any new people in. Which will lead us to the very bottom and the price will be ruled by traders.
That's not entirely true. My PR campaign has encountered hundreds of people who were not crypto savvy before I started talking with them, but I'm just one person. If everyone committed to spreading the word in a grass-roots way while we are still developing, we would be much farther ahead. Also, to be seen in magazines such as Wired and FinTech Finance shows that we are slowly making headway outside of cryptodom, but once again, we are far from a household name ATM.
VCs are present at all these Bitcoin conferences. Why not offer a bunch of DASH at a good price to few of these guys? Explain them the value proposition and offer them some DASH from the chunk raised from Masternodes.
This Amsterdam event seems like small event focused mainly on DASH. It's possible some VC guys will be there not saying it's not likely but it's probably better to focus on more established events or perhaps send some invitations to few of these guys like Roger Ver, Brock Pierce, Erik Vorhees.
GREAT IDEA. I nominate you to handle this assignment. We can all contribute. Even if they don't go to the event, you can open dialogue with such people and explain why Dash matters. You never know who will listen to you!
We have to keep in mind that there is a difference between Twitter and Facebook marketing as opposed to PR (getting an article on Forbes), but this has been discussed ad nauseaum elsewhere. This is not to minimize one or the other, just to clarify they are completely different things.
Pablo.
Agreed. We just aren't ready for the latter, and are having success with the former. We just need to relax, decide if this is a long term investment for us, and if it is, stop looking at today's meaningless price, and drive toward the future.
Tao.
