Long-term DASH projection update
It's no fun saying I told you so, especially when it was me I told.
But that is exactly what I have been faced with everytime I look at DASH, since my catastrophic complete U-TURN in November last year....
https://www.dropbox.com/s/zf33312uoui5492/Nov_2017_DASH_channel.png?raw=1
So that was my initial prediction.... and with the 'play' button pressed...
https://www.dropbox.com/s/qwn6jap7kk7yq68/Nov_2017_DASH_updated_injul2018.png?raw=1
Not bad eh? (if anyone can tell me how to embed images directly ideas.. please do!)
So why am I not, in fact, rich beyond my wildest dreams? It's because at the end of last year BTC was a pain in the ass to move anywhere. So, I used DASH to transfer funds between exchanges, I'd never done this before. DASH was (is) very fast, very cheap and plenty liquid. And so I came to entirely reasonable conclusion that its technical merits are in fact why it was in a state of never-ending pump.
So I trusted my engineering judgement and ignored my technical analysis. If I'd just took a moment to think it through maybe I would have remembered BTC was doing something about this issue, in the form of Lightening. Now, of course, BTC, is very cheap again, and fast enough. There was no real need for the great pretenders to be so great!
Lesson: FAITH IN SELF. TRUST THE DATA.
Anyway, I've had a good re-evaluation of DASH and I think it's not far off done on the fall.
There's every chance it will slowly melt away for another 2-4 weeks as crypto tends to do... and it can be annoying if you get tied down in a coin waiting for mission control.. so I have not gotten properly long yet, but I think I will very soon. Those recent big shadows and large buy walls are very telling.
But that is exactly what I have been faced with everytime I look at DASH, since my catastrophic complete U-TURN in November last year....
https://www.dropbox.com/s/zf33312uoui5492/Nov_2017_DASH_channel.png?raw=1
So that was my initial prediction.... and with the 'play' button pressed...
https://www.dropbox.com/s/qwn6jap7kk7yq68/Nov_2017_DASH_updated_injul2018.png?raw=1
Not bad eh? (if anyone can tell me how to embed images directly ideas.. please do!)
So why am I not, in fact, rich beyond my wildest dreams? It's because at the end of last year BTC was a pain in the ass to move anywhere. So, I used DASH to transfer funds between exchanges, I'd never done this before. DASH was (is) very fast, very cheap and plenty liquid. And so I came to entirely reasonable conclusion that its technical merits are in fact why it was in a state of never-ending pump.
So I trusted my engineering judgement and ignored my technical analysis. If I'd just took a moment to think it through maybe I would have remembered BTC was doing something about this issue, in the form of Lightening. Now, of course, BTC, is very cheap again, and fast enough. There was no real need for the great pretenders to be so great!
Lesson: FAITH IN SELF. TRUST THE DATA.
Anyway, I've had a good re-evaluation of DASH and I think it's not far off done on the fall.
There's every chance it will slowly melt away for another 2-4 weeks as crypto tends to do... and it can be annoying if you get tied down in a coin waiting for mission control.. so I have not gotten properly long yet, but I think I will very soon. Those recent big shadows and large buy walls are very telling.
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