idk if we should compare to btc price. cause in btc it just keeps dropping. and idk how about you but i like it when some altcoin outperforms btc, otherwise i could have hodled btc, right? (btw i am holding a big bag of dgb and really like it) im just worried about theri pr, now the asic problem. all of the bigger alts fly to the moon, dgb almost stays on one place ( i know it double in past few days, but i am also holding emc2, so not so satisfied with dgb). and at the same time it still seems it has superior tech to most coins, i do not get why its not mooning. if anyone knows better, please educate me. thanks
I think you should compare value in Satoshi, for now, Digibyte is not directly traded for fiat! The points you should compare are the lowest points, not the highest ones. The ultimate lowest point of DigiByte was something like 17 Satoshi but many people acquired millions within the 20s range. The next low point looks like it’s around here 120s ish range but you could never be certain as there are wallets big enough to put it back down to the ultimate low and beyond and there is not enough liquidity showing on the books to do anything about it. This is also true for every other crypto in existence.
Trading is more art than science but you should remember this; gold and bitcoin are only high in value because most of it is locked up….hodls. It is unlikely that anyone should want to sell their asset, if it is good, for less than they paid for it, so you should not be tricked into doing this either. The stronger the hand of the community, the higher the price and it’s probably as simple as that for something good!
If in the heat of the moment you bought something on a massive spike, this should be avoided at all times, it may be wise to sell and buy more of it when the market settles. The only issue with this is that you have to gamble that the market won’t suddenly recover its bull again before you have a chance to buy back in but I wouldn’t be chancing this now if I’d bought near the recent all time high. Some people choose to offset their higher priced purchases with as many of the lowest priced coins they can get their hands on when on the floor. This is my preferable method because it does far less damage to the market. Where is the floor...? Everyone wants to know that!
If you are not greedy, play with what you can afford to lose and have patience, all this is harmless and often profitable fun using an absolutely cracking example of this technology, DigiByte!
Eventually DigiByte may need to be valued against something other than bitcoin otherwise the market will remain controlled only by people with bitcoin and we all know that isn’t even nearly everyone yet. The community needs to hold bitcoin to support the DigiByte market and respect both projects by refusing to sell their dgb for less btc than they paid for it basically!
Nearly everyone will be trying to buy as low as possible and sell as high as possible, this will lead to possibility of being able to sell some coins for less than was paid when a seller wants to set panic in the community but they will only be doing this so they can buy more back cheaper.
This is basically a form of money and that does not bring out the best attributes in people and for the above reasons you should not really get excited about sharp increases in DGB price but should use them to balance your own books, when they happen.
Alternatively you can ignore everything I say and please yourself….that’s what I think most people do.....I do go on a bit.
Anything that grows too quickly worries me!
