I am not surprised about the price drop , 30sec block target and block reward 7647 , that means in 24h there will be more then 22milion new coins ,
if half of them get sold 11mil at 24sat , that would be around 2.75btc daily sell orders , but the buy orders are not increasing .
so I think the price will drop below 10sat in a few days , at this price we would see the same profitability like other coins and more stable and people would stop dumping them as soon as possible.
but I also could be wrong and I`m not ashamed to admit it .
Imagine the total amount of mined coins gets close to 21 billion ? .... !!!
I do not want to make any price guess for that circumstance..... You know what it would be...
So therefore here I would like to hear from DigiByte, please let us know what would be the future of DGB...
Here is being a bit quieter and not hearing from him much for the future of the coin...
As I said before than anyone else, the price would be around 25 Sat at the first equilibrium. Can be found here when I said it 2 days ago:
https://bitcointalksearch.org/topic/m.8642194 .Unless giving a good roadmap and future work, it will continue going down and within a few weeks it will be X-XX SAT.
All details regarding the reasons behind the volume of coins should be in the first post and on the website.
More DigiBytes: 21 Billion DigiBytes will be created over 35 years.
21 Billion DigiBytes vs. 21 Million Bitcoin in 100 + years.
1:1000 ratio. There is 1 Bitcoin for every 1000 DigiBytes.
Less price volatility with more DigiBytes in circulation.
More transactions for every day Goods & Services.
Speed DigiByte transactions occur much faster that Bitcoin transactions.
1-2 Second Transaction Notifications.
60 Second DigiByte Blocks vs. 10 Minute Bitcoin Blocks.
DigiBytes are confirmed after 6 minutes vs. 1 hour with Bitcoins.
Marketability & Usability: DigiByte is a very marketable brand to consumers.
DigiBytes are much cheaper to acquire.
$1 - $10 long term price target per DigiByte.
Send 5 DigiBytes instead of 0.005 Bitcoin.
Branding is easy for the average consumer to relate to.
We have dropped the term “cryptocurrency” to avoid confusion.
If they were to fork and reduce the volume of coins, I'd be out in a flash because it would take away from the original mission statement.
Also forking to reduce total number of coins doesn't always lead to a price rise or stabilization, look at casino coin for an example.
Digibyte is one to hold, I've been mining and buying from the start. There has been steady development and a purpose from the start.
I think they said they were going to have a few days off rest, then hopefully an announcement!!