Maybe I'm wrong, but in connection with such a strong growth rate bitcoin, the price of DMD should grow even more ...
Other coins also have a large price increase.
May be after the launch of the MN the price will be even more than 2 dollars ...
Capitalization TOP 100 is growing as well.
I think in a few months will need capitalization of DMD more than 6-8 million dollars in order to get into the TOP 100.
Which means that the price of DMD can reach 2.5-3.5 dollars.
Look at coins such as Ripple and Litecoin, long histories of slow decline against the Bitcoin value... suddenly coming to life here in the last couple months. Compare those trends with that of DMD and you'll see DMD appears to have been swept up in the same whirlwind as all the others did early March of this yr... I'm seeing a hesitancy to buy much above .0005 and an equally-matched hesitancy to sell much below .0005. My recommendation: Someone(s) come(s) along in the middle of the night to sweep up any buy orders that happen to be sitting on or around the .0005 mark.... just leave an order or two sitting around there, and maybe after he/she/it/they do their night thing, buy the ones left behind for you as sell orders in the am. But make sure it is AT LEAST an equally-weighted stash you pick up in the morning, else wait
not worth it. I don't think we can see much of an increase in price until there is again a strong established base of buy orders around .0005, which, most importantly, holds. As a buyer considering buying above .0005 I'd be troubled by the possibility of the bottom dropping out to .00045 or so from one big sell.
And with people investing in cloud mining looking to turn profits into usd, these big sells we've seen over the last couple weeks could just be all for that (for all I know as an outside prospective investor looking in). Granted, there have been nearly as many big buys... but as I've said that base is sketchy. As a prospective investor in DMD I personally have no interest in turning profits to usd but rather seeing my btc investment in DMD slowly and steadily rise through time. Otherwise I would just keep my bitcoin as bitcoin, wouldn't I? That's why I came to bitcoin in the first place... I don't want USD, prefer my bitcoin. I don't see how cloudmining and that go together when all that is cloudmined is sold in large quantities on bittrex... lowering the price for people who have invested in DMD through bittrex. Seems like a wise decision not to buy on bittrex until it is understood just how much of this cloudmining mined DMD is being sold... until then it kind of feels like I would just be buying what cloudmining is trying to sell. I want what a fellow investor is willing to sell. But not yet, don't have any funds in order quite yet.