Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 588. (Read 3058816 times)

I pasted 10 Mio. of DGB at 39 sat. This sell wall will hold for months.

My goal is to buy more at 9 satoshi.

It's not that peanuts.

FCT is worth 0.00270001 BTC with a buy support on POLO of 277.3 BTC

DGB is worth 0.00000034 BTC with a buy support on POLO of 21.2 BTC

FCT is worth thousands (x7900) times as much with only ten(ish) times (x10) the buy support   (these are rough estimates)

The most fishy characteristic in this coin is the peanut buy support

Many of us will be stuffing ourselves over the holidays, so I thought I’d offer some food for thought for consumption by the general DigiByte community and I came up with pie! The DigiByte pie in the sky club to be precise!




We are approaching the New Year and DigiByte’s second birthday. There are over 5.5 billion Digibyte in circulation already and another 19 years of coin production to go before all 21 billion coins will have been minted.
Price or low price is often in discussion in this forum and as much as many of us believe it is not the most important aspect of DigiByte right now, it would be dishonest to say it is not of concern at all.  So as a community what could we do to increase it?

Could we target price at one dollar per Digibyte and actively do something about achieving that?
I think this is possible, if we worked as a community, and this is my idea of how we might go about doing just that! A community acts together but it is extremely difficult to ensure that we do act together and not as individuals, people will always be tempted to move first because they know others will if they don’t. 
Imagine we set up a club (the pie in the sky club) and we limited it to 1 million shares or members of this club. If we set the share value to 10,000 DGB, the total fund would have a potential target value of 10 billion DGB, nearly half of all the DigiByte that will ever be produced.
 
These funds would then be controlled by the trusted club trustees, contractually and legally bound to carry out their activities in accordance within the predetermined rules set out by the community members in a transparent manner so that everyone could see them and be reassured that this DigiByte at least, was off the market and was unable to be dumped onto it.
 
The mandate of the club could be as simple as this. All shares would be paid back to their respective owner, when DigiByte reached a fiat US dollar value of one dollar and remained above that value for 30 consecutive days or 30 days after all 1 million shares were allocated and total fund value was achieved, whichever came first! A $1 share at today’s prices could be worth $10,000 possibly when redeemed, hence ‘pie in the sky’ and if that wasn’t quite achieved, the club would have gone a long way to improving the value of DigiByte anyway.

Of course it would take time and cost money to set up a trust like this, so maybe the first hurdle would be to cost and fund that itself but this is the sort of thing that DigiByte Group was set up for, so that the community can do things like this. Maybe each share would come with a management fee, I don’t know because I have not taken this idea any further than it is presented here in front of you the DigiByte community for your consideration.
I’m not going to do anything more about it unless the support for it is overwhelming, so tell me what you think!

Please discuss and happy holidays everyone!

 

Been looking at the markets a bit today and reading the troll boxes and you know what, I can see where Pringles is coming from.
Anyone new to DigiByte or crypto in general is very likely to get or at least feel badly burnt in the process and that can’t be good for our community and we need a community for survival.
The sensible things to do are, if you want to trade buy only when price hits a floor and sell as soon as a pump peaks ready to buy back at the next floor. Probably wise just to add, don’t trade with all of your stash in case someone with some serious cash decides they like dgb and puts it out of your reach.
If you are long term, you should only buy when the current floor is reached and then probably just go away for a year or two or concentrate on applications.

What Pringles is totally wrong about, the price action has nothing to do with the developers of DigiByte, who all work very hard.