Dash Definition, Why it is Different from Traditional Investments and What You Need to Know
Dash currency is now so high in value that it has reached $800, and the market cap has now doubled from the last 3 months. One of the reasons for this explosion of new members to Dash is because of the necessity of understanding Dash currency as an Explanation of a concept that has caught on among investors across the globe.
To illustrate what Dash is it is similar to another crypto-currency, Ethereum. There are a lot of people that have been involved with each crypto-currency that has risen in value over the past couple of years. Dash is different because its advocates advocate it as a method of storing your wealth as a form of digital cash rather than a store of value.
Dash is different because it promotes a technologically advanced system that allows users to create virtual cash that you can then trade in the open market. They promote the idea that since you can create your own digital cash that it creates a currency by itself that can be used to buy things from other users in the network.
It uses virtual forms of money that represent a form of digital gold. Since it is a crypto-currency you don't have to store your money in your account. If you wanted to you could just go out and spend your money wherever you wanted to spend it.
It is very simple to understand why people like Dash because it has no problem with storing your wealth in virtual forms rather than traditional fiat currency. It also allows you to invest in the Dash market without having to use conventional methods of investing. This makes it attractive to people that are unsure about buying Dash because they don't want to open up a traditional bank account.
This is also an investment vehicle that is appealing to people that have problems with capital gains taxes because there is no way to claim losses from a Roth IRA. You can also invest very simply. For example you could do a share market trade or a business trade without ever having to deal with brokers or trades that require spreads and spread charges.
It is also a way of having a safe investment because you can keep your funds in a wallet and there is no actual market exchange rate that you need to watch. This is because when you invest in Dash you are essentially investing in the price of a digital asset that is based on cryptographic values rather than any of the fundamentals of real world money.
It is also important to understand that Dash does not support changes in prices in the usual sense of investing. If Dash were to increase in value because it was worth $1 billion dollars in the next two years then all of the Dash holders would want to sell their Dash, regardless of how much they have invested in the Dash economy. They are a Virtual Cash, not a store of value.
Created on Jun 02, 2020