I think Dash is a good investment for a number of reasons:
First, there are a lot of plans going on with Dash (DSH), and the charts are looking good. Whilst the crypto-currency is not at an all-time high at the moment, you are of course better buying when a crypto is having a dip in value.
DSH does appear to have a lot going for it. It entered the marketplace on 18 January 2014, and in March this year reached a market cap of over $US 1 billion, making it officially one of the big players in the market.
Coinspot.com.au have made their charts downloadable, which is handy. The one above/attached is their latest, at time of writing, and as you can see, Dash is on a long-term rising slope of value. If you look back to the beginning of Dash, the rising slope is very similar. Dash has been rising in value almost from the beginning.
For me, this is one for buying and holding. But then, I always say that when I find a good one, don’t I?
My Projected Growth of Dash Over the Next 7 Months
I’ve done a projection below that shows, conservatively, that by April 2018, going by current trends, DSH will have tripled in value. Is it guaranteed? Obviously not! But is it likely? You have to make up your own mind on that one. But I think it is somewhere between possible and probable. I doubt if the same can be said for many other established coins, although of course Bitcoin has done that and better in a few months, and could do it again. So don’t forget the biggest player in the market!
And looking slightly further ahead, because seven months is not long, if it continues on the predicted trend, you will have multiplied your investment by a factor of six. But you could do better, because although its growth is not yet exponential, I have a feeling that once Dash reaches a value of around €1000/coin, it will take off exponentially, and that is when the real value will start to build, as it has done with Bitcoin.
You’ll be Impressed!
Of course, I could be wrong, but do a bit of research and you will be impressed by the plans the founding group have for the coin. Amongst other things, they plan to release a very user-friendly interface called Evolution, and allow custom third party services to integrate debit/credit cards and fiat bank account support directly into the Dash wallet.
The Dash team are aiming to make Dash the most mainstream cryptocurrency of all, and they have the financial power and influence to be able to achieve that. Currently they are busy increasing their development teams and locations. Dash really does have the potential to be as well known and ubiquitous as Amazon.com. And if the crypto bubble, as some people are saying, burst, which it won’t because it is the way of the future, like Bitcoin and Ether, Dash would still be around, just as Amazon survived the dotcom crash all those years ago. They are so big now, they’d probably survive WW3! Bigger than banks, AND NO DEBT!
Fortune.com says: Dash was one of the most popular altcoins. Originally known as Darkcoin because it promised untraceable transactions, it saw plenty of pumping and dumping. But its creator continued to refine the software and add new features. In March 2015 it rebranded as Dash, so people wouldn’t mistake it for a “single-feature coin,” says Ryan Taylor, who leads its core team. Gradually Dash gained legitimacy. The total value of its currency has grown at triple-digit rates every year. [My emphasis]
So should you invest in Dash? In my opinion, if you can afford to do so, you’d be a fool not to. But as always, never invest more than you can afford to completely lose, because that is the path to financial ruin, and remember, I’m not a financial advisor. If I were, I’d tell you to do something much more mainstream than investing in crypto-currencies.