How's everyone doing ?
What is this dump? What does it mean?
In the greater scheme of things...
Has it happened as a mass hysteria & escape, or are there simply better things out there now?
A handful of sharks destroying the price, and they cooperate with whales? What do they know that I don't know?
How can I understand something like that earlier next time?
What is the meaning of the price of a coin?
Is it too late now to sell? Or a good moment to buy?
Is DRK going to be completely worthless soon? Or overtake all the others?
Where is the bottom - and when will it go back up? Where is top?
What would be reasons for people to then suddenly start believing in DRK again, and buying back huge amounts?
Why did I buy it in the first place?
How can I pay what I intended to pay with it, if it is worth only half now?
Why am I here?
Yes, I need the money. Yes, I am interested in technology. Yes, I support the concept of anon currency.
What is this dump? What does it mean?
Yup, those be my questions. Can anyone answer? Is this all because masternode payments are not fully enforced?
Newbie wants to know, because it makes no sense to me
And gosh, I wish I could buy!!
It's not a mystery and actually completely predictable for Darkcoin to be dropping. You need to understand that when Darkcoin first went up it had ZERO competition and was the only game in town for anonymity. Now that entire landscape has changed and the price is coming back down to reflect these new conditions. It's a tough sell to claim that Darkcoin today should STILL BE 700% more expensive than other actively developed anon based coins, but back when it was the only one, this was perfectly reasonable.
This is why Litecoin and Dogecoin also have bloated marketcaps and why those coins have also been declining daily.
As a case in point, Dark is still, even today 500% more expensive that a presumably high flying coin like Vericoin. All while Vericoin, arguably, offers more to it's users. So considering that, you can see why the Dark chart has turned decidedly negative in recent weeks.
I've been a Darkcoin devotee since February but I sold ALL my Dark several weeks back when I came to this conclusion and I put it all in VRC. I would recommend you do the same if Dark fails to rebound strongly off this double bottom and start a new trend higher. Also keep in mind that this is a coin priced at a premium so there is still a long way down to fall if support breaks.
