long on #1 coin in governance DCR
Updated
Ascending triangle - should be near the bottom of the channel depending on which one plays out : Higher lows + flat top. Had highest close today with H printing on volume for significant volume. Might get another low, might not, but I added to my long on the pullback after the high. Top of channel should be around $40 near S4 on monthly as ultimate target. This would be wave 5 as we already had 2 impulses up.
Fundamentals:
Market cap is only 87m for a very well respected proof of activity coin based on concept by litecoin lead dev - plenty of upward room left. Here the litoshi introducing them for their speech - youtube.com/watch?v=x2VOfCsg2uU
I would estimate the ideal market cap for this coin at this point around 200-400 m if the next few major votes and forks the votes enforce on protocol level go off without a hitch
roadmap for this year is nuts: Lightning network + segwit, voting, staking, smart contracts, unknown privacy method (fingers crossed for mimblewimble) blog.decred.org/2017/01/09/2017-Decred-Roadmap/
Tezos ICO and announcement of EOS this month as well as eth dev centralization issues and btc/ltc issues with miners is bringing attention to experimental governance coins, especially DCR I think, but also lesser known ones like bitshares/steem that innovated on the dpos scheme. However in no existing coins is the governance as built in to prevent lead developers from having too much power and going against community like with eth self-bailout disaster, but also to allow innovation to occur securely to avoid miners with too much power.
I used to hate lock up periods for any coins PoS staking, but after listening to interview with dan larimer he explained it's done that way to prevent people from buying tokens just to destroy a cryptocurrency, as they would have to stick around and suffer the consequences of their voting financially. 1 month or so lock up for voting tickets now seems more reasonable to me.
This is a very exciting project to me personally. Long term with well done governance and checks and balances, you can build enormous amount of complexity on a solid foundation like this.
Fundamentals:
Market cap is only 87m for a very well respected proof of activity coin based on concept by litecoin lead dev - plenty of upward room left. Here the litoshi introducing them for their speech - youtube.com/watch?v=x2VOfCsg2uU
I would estimate the ideal market cap for this coin at this point around 200-400 m if the next few major votes and forks the votes enforce on protocol level go off without a hitch
roadmap for this year is nuts: Lightning network + segwit, voting, staking, smart contracts, unknown privacy method (fingers crossed for mimblewimble) blog.decred.org/2017/01/09/2017-Decred-Roadmap/
Tezos ICO and announcement of EOS this month as well as eth dev centralization issues and btc/ltc issues with miners is bringing attention to experimental governance coins, especially DCR I think, but also lesser known ones like bitshares/steem that innovated on the dpos scheme. However in no existing coins is the governance as built in to prevent lead developers from having too much power and going against community like with eth self-bailout disaster, but also to allow innovation to occur securely to avoid miners with too much power.
I used to hate lock up periods for any coins PoS staking, but after listening to interview with dan larimer he explained it's done that way to prevent people from buying tokens just to destroy a cryptocurrency, as they would have to stick around and suffer the consequences of their voting financially. 1 month or so lock up for voting tickets now seems more reasonable to me.
This is a very exciting project to me personally. Long term with well done governance and checks and balances, you can build enormous amount of complexity on a solid foundation like this.
Note
This is keeping value way too well. too many chances to get out near the top. s3.amazonaws.com/tradingview/snapshots/l/L27595dv.png higher high would be another chance to get out near the top, which doesn't happen, and would be my add signal
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.