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.
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.
This is true for all trading, buy low and sell high, I prefer "buy now and sell higher", its a shame that both types of investors are using the same forum and two different strategies, short term traders want to make a small amount quickly, turnover a 5-10% profit daily, this can only be done by jumping from coin to coin (today FCT and ETH are getting all the attention, in a few weeks time it will be back to DGB when it starts to rise quickly).
Long term investors buy new coins at very low prices and pray for a big return from at least one of their coins.
Not sure which camp I am in, I bought a large amount in mid 2014, been selling and buying (shorting) over the last 6 months to increase DGB numbers, plus adding to the pile over time by purchasing a million or two every few weeks. I have a selling strategy already figured out, its a staged sell over 5 years.
Nothing wrong with either strategy, but remember if your short term you will only make a small profit on each "pump" and timing is critical.
. Well in the long term DigiByte can hit 5 dollars I think, depending on the scale of the network effects. Here are some ideas for mass adoption;