Topic: DigiByte Far Too Cheap (Read 237 times)
It a short term trade. depending what will happen once it'll reach the target I'll then act accordingly, and besides if it goes below the support I am out, risk is small, potential is huge. It's all about risk/reward.
https://coinmarketcap.com/currencies/digibyte/
The coin presents the classic altcoin behaviour:
1) The project goes unnoticed for a long time
2) Gets a couple of bubbles but it goes back the initial level
3) It finally gets a mega bubble with a big peak and stagnates for a long time
Now the key to get back in is to know if it's indeed "too cheap" or we are going to sliding down at slow motion for months, or even years, until a new big bubble with an all time high. It could be the case, so if you buy now, you may end up bagholding for ages.
The coin presents the classic altcoin behaviour:
1) The project goes unnoticed for a long time
2) Gets a couple of bubbles but it goes back the initial level
3) It finally gets a mega bubble with a big peak and stagnates for a long time
Now the key to get back in is to know if it's indeed "too cheap" or we are going to sliding down at slow motion for months, or even years, until a new big bubble with an all time high. It could be the case, so if you buy now, you may end up bagholding for ages.
DigiByte has been losing value against USD since June. It suffered heavy losses while moving from all-time high at $0.066, all the way down to 0.01 area. The total decline was a huge 90% but the support was found and now DigiByte does look as a very attractive investment...
... read more http://cryptopost.com/digibyte-far-too-cheap/
... read more http://cryptopost.com/digibyte-far-too-cheap/
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