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  • 14-01-2020 8:47am
    Registered Users Posts: 2,362 ✭✭✭ dartboardio
    Registered User

    Hi, was reading online predictions for 2020 re Dash and a guy was saying it should hit maximum 56 dollars/euro by February. However its already increased 16% in the last Couple of days to €70

    Would this be a good currency to invest in?

    Im only starting off btw. Hence my lingo being a bit all over the place! I've just been keeping an eye on my exchange the last few weeks and watching different crypto to see which ones to buy.

    Is this the best way to do things? Just research myself and keep an eye on crypto over the span of a few weeks


  • Registered Users Posts: 173 ✭✭ E46Dream
    Registered User

    Hi there, what exchange are you using?

  • Registered Users Posts: 2,362 ✭✭✭ dartboardio
    Registered User

    E46Dream wrote: »
    Hi there, what exchange are you using?

    Hi. I'm using Kucoin.

    Not sure if it's American, UK or Irish tbh. Started using it a few months ago to buy small bits of btc to buy stuff online.

    Now using it to keep daily track of the diff crypto currencies. Have invested small amounts in dash and a few others

  • Registered Users Posts: 2,362 ✭✭✭ dartboardio
    Registered User

    Dash is up from €50 to €110 in a couple of days!

  • Banned (with Prison Access) Posts: 186 ✭✭ Kickstart1.3

    Be careful, the pump in some of the Alts like Bitcoin SV and Dash looks like an exit scam

  • Registered Users Posts: 10,905 ✭✭✭✭ Bob24
    Registered User

    If you are a beginner, my advice is: focus on Bitcoin (and maybe Ether) initially and document yourself about crypto before you touch anything else.

    On Dash, if you look at past charts it is (like most cryptocurrencies and particularly “smaller” ones) extremely volatile. Some people paid over 1000 euros for it and are still waiting for the price to recover. Just know what you are getting into.

    And about the specifics of the coin itself, it is a privacy coin, meaning that it allows people to obfuscate their wallet addresses when sending funds to one another and thus do it fairly anonymously (which Bitcoin and most cryptocurrencies don’t allow). The main competing solutions are zcash and Monero.

    The argument in favour of this group being successful is that people will want anonymous transactions and will eventually prefer these coins to bitcoin for regular transactions if/when crypto becomes mainstream. The argument against it is that they are of course the most suitable for criminal activities, and thus the most likely coins to be targeted by government bans and AML regulations (some exchanges have delisted these coins due to fears of being on the wrong side of the law, but until now it doesn’t seem to be a massive issue).

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  • Registered Users Posts: 10 melven100

    I never hodled DASH for a long time. The last time I got some was for spending it on some crypto casino. Not sure why, but never liked it. Probably I am not very convinced by the tech.

    Post edited by melven100 on