Hi Everyone,
So this is my very first post in Bitcointalk. I’ve been mining, trading, and supporting digital currency for a couple of years. I follow the discussions here in Bitcointalk. But, I’ve never had either the desire or interest to join in the conversation - until now.
I want to respond to a couple of trends in comments that I’ve seen in this Digibyte discussion over the past few days. But, first, I want to extend my compliments to Jared and everyone else at Digibyte.
I stumbled on DGB late in 2014 around the time of the news of the investment in November/December. Since then, I’ve moved nearly all my mining and assets into DGB. And, I’m not going anywhere.
As we see the new blockchain 2.0 tech coming online, and the steady stream of venture capital pouring into digital currency, we’re also going to see pressure on altcoins to establish professional management infrastructure, development, and applications. Based on my analysis, DGB is perfectly positioned to grow into a market leader in the coming years.
There have been some recent comments in this discussion about mining and trading that seem to me to be a bit misplaced.
First a comment about the people mining and dumping coins: the data doesn’t fully support the argument. If you look at the mining rewards generated on a daily basis, and the average exchange volume, it’s pretty clear that people aren’t dumping all their mined coins onto the market. Obviously, some people sell to cover mining costs. Some people don’t. I mine just over a million DGB a month. I’ve never sold or exchanged any of them and I have no plans to do so. In fact, in addition to covering the out of pocket expense of mining, I’m supplementing my mining rewards with monthly DGB purchases.
My other comment relates to all the white noise surrounding speculation and day-traders (the “pump-and-dump” discussion that plagues digital currencies broadly). Sure, I’m happy to acknowledge that day-trading can be profitable. That’s especially true if you have access to trading bots and the time and expertise to analyze short-term market trends. But, it’s all just speculation. It’s not investment, and it really doesn’t make any difference in the long-term price. I made the decision to invest in DGB because I believe that the coin will be significantly higher in value 18 months from today - and 36 months from today. Between now and then, there will be ups and downs. There’s no reason to think about temporary price fluctuation unless you think about your assets as temporary assets.
One final individual response. HR, I think the work you’re doing with asistec-ti is really great and interesting. I’m going to follow that work closely.
I remember when I first started with digital currencies. I remember the excitement and hope when I set up my first mining rig and downloaded my first wallet. I remember the heady joy the first time I received a few coins, sent them, and exchanged them. I felt like there were endless possibilities. But, over the years that excitement was tempered by time and experience. Digibyte is the first project in a long time that has sparked the same interest, excitement, and hope that I had at the beginning. But, now, it’s an excitement that comes from experience. Good work you guys. Keep it up. We all started doing this because we believe in the future of digital currencies. Digibyte has reminded me why. I firmly believe DGB is a fantastic coin with endless possibilities over the next few years.
Apologies if you don’t like long posts.
I really enjoyed reading your post and thank you for that, also welcome here to BCT forum. I really think people like you-minded can contribute a lot to Digital currencies and particularly to DGB.
Having you on board is my pleasure, please write more here, I will be first to read and enjoy the lovely stories of yours. Cheers.
