Just a quick observation to ponder. I think some of the greatest strengths of crypto are also it's greatest weaknesses when it comes to "investing". To put it simply, we now live in an instant gratification world where everything is supposed to happen yesterday before it's outdated tomorrow. My grandfather was fond of saying "if you want to be a successful investor, buy it and forget you own it..." which simply means it takes time to make real money. Trust me, he made real money...
Here, in this scene, time is a concept and not something to ponder but to cheat in every way possible. For example, these forums allow us to instantly communicate our intentions, concerns, fears and anything else that might affect the buying and selling of digital currency, instantly. Nothing has time to take hold, to grow slowly or, recede slowly, all has to happen in a flash.
If we could learn to be patient, (as some here certainly know first hand), and take the price changes in stride, it would be in our best interest to invest and wait, not sell out and proudly post here and in other forums, with childish profanity included, what a great decision it was to sell out at only a slight loss now because 'all is certainly lost" since a x10 profit was not make in a months time. Ask the early adopters of Bitcoin who are quite well off now how they made their millions. I bet you won't find any who sold at every price drop from 2009 through 2013.
Faith, it's all about faith on our end and innovation and hard work on Digibyte's end. Personally, I think Jared and crew are keeping up their end, let's see about keeping up ours. Remember, no matter what, you don't loose money until you sell below where you bought in, it's not rocket science, it's 3rd grade math...
Nice writing RJF. Thanks!This dumping on Cryptsy seems to be around 7-10 seconds each time...sometimes faster even less than 2 seconds.....are the blocks really that fast to solve on DGB...if so this is really bad for DGB the constant sell history does not give any encouragement for future investors...to see a full history of sells would only set the alarm bells ringing & turn them away in a flash
Rant over go go DGB
Put it like that, and you get my attention. You're on to something, I can smell it. I don't have the time, but what I would do, if I were you and really wanted to know, is compare what we're seeing on Cryptsy with the actual blockchain. This might seem a bit tedious, and forensic like in nature, as you'll need to take into account confirmation time, but little else, so don't be overwhelmed . I suspect you'll find they don't match up (don't expect exact time stamp matches in any event, as these automated sells on deposit are batch processed - a close approximation in time is the best you'll be able to do, but there still won't be anything even close to a match, in terms of raw numbers, I'm sure). And just why someone might want to "masquerade" their selling would be the next question asked.
. . . I can't think of any good reason off hand, but that doesn't mean someone else can't.