The sad fact of the matter is that the price won't rise until more merchants accept it. And merchants won't accept it on any large scale at least until there is a larger exchange to trade on, with larger volume..probably (unfortunately) cryptsy.
However, if it hits cryptsy with a high price it will get slaughtered by the multipools via cryptsy's autosell function :/
Personally, I believe that it can recover from that given that the devs have managed to get a few merchants so far, despite only being listed on minor exchanges. Also, with the many translations of this thread they are really trying to get the Digibyte name out there. The trouble is, miners have a herd mentality & so solid coins like digibyte, which makes a serious attempt to address some of the issues other alts have, get overlooked for super-hyped coins like Coye or Doge. Seriously, go figure why people would ever jump on those bandwagons. I think we've made a solid start, but seriously promoting Digibyte will take time.
TL/DR you'll catch more flies with cream..pls keep it civil here.
Could you maybe post in bullet points what the suggestions you had were? If other people agree with you it will certainly encourage the devs to adopt them.
Cheers."
Lets get real here, Digibyte has got ZERO merchants accepting it. Go on then, accept the truth. Be a man and accept it.
Those bullshit "merchants" on page 1 is laughable at best. Putting up garbage like that is only going to put people off the coin.
less than one month post launch and you were expecting newegg to start accepting it?
Let me tell you something, remove all the "merchants" and get just 1 REAL merchant on page one. That would help a lot with Digibyte's image.
I have to agree with you here. Although even Bitcoin can't be said to have many "real" merchants onboard. For a large merchant to adopt Digibyte though, there would need to be either:
A) greater price stability; or
B) a means of transferring coins immediately to cash
I hope that this is why the devs say they are planning a USD exchange of their own.
This is why we are planning our own exchange. But these things take time. Markets cycle, all coins go through this. We are working hard and we are working on many things. We already have much more than most alt coins out there.
*We have a functioning Windows, Max, Linux & Android wallet with QR code support.
*We have had over 10,000 wallets downloaded in the first 3 weeks. 50,000 hits on the web site so far.
*Work is being done on an awesome DigiByte promotional video.
*Many updates are being developed for the DigiByte website.
*We are working on the DigiByte how-to guides.
*We have started work on a DGB exchange.
*We are working on getting the DigiByte foundation started.
*We are working on a light version of the DigiByte wallet for speed.
*The DigiMan is being redesigned to anyone can use him on merchandises, videos etc.
*We have layed out a marketing & advertisement plan to put DigiByte in front of a few million people once a few other things are in place.
*We are working on upgrading servers to handle more users on the DigiByte website.
*Improvements are being made to the DNS seeders.
We spent a month planning and initially making DigiByte. As of today we are only 3 weeks old. We understand people get frustrated when the price drops, but this is a market and markets cycle. We are working hard each and every day to make DigiByte better. If we could accomplish all of this overnight we would. Things take time to complete. We are trying to be as engaged as we can on here to make sure you all know we are working hard.