Been a while since I've hit this topic so i'll chime in. Good to see digibytes price jump up but a lot of people need to be honest with themselves and remove those rosey glasses.
It was a pump and dump chosen coin by a group. This doesn't change the fact that digibyte is a good coin but it being a good coin wasn't the reason for the spontaneous out of nowhere rocket ship ride. If you think this then you are deluded. Its happened before on a mini one in feb to over 100 (I think it was 120-150) and it fell back to the 20 satoshi mark. I like this coin and i'm not attacking it but I am being logical and rational.
As per HR's troll spotting links I will also push forward a concept about "positive trolls". Trolling is not limited to negativity and a lot of people today associate views against the norm as being "trollish" behaviour. This is complete and utter bullshit. If anyone that went against the norm was a troll then the earth would still be flat right? We'd still worship Apollo, zeus etc... right?
I find the recent influx of overly excited people embarrassing... i'll be honest here and single you out blazin888. Your language and attacks are very rash when someone disagrees with a point. You cannot call them fudders when they provide a valid opinion. These people didn't come in the topic and be abusive they posted their thoughts and that's what a community and forum is, a location to provide all valid points and discussions even if you don't like what you hear. I think you need to take this in mind and rationally debate with people on the points with counter points and facts etc rather than dismiss them as idiots and attack personally.
This is my personal opinion on the recent events though I may be right or wrong but based on the fact that crypto isn't mainstream adopted and going off trends on other coins that aren't clear scams (paycoin xpy) its a usual pattern. Pump and dumpers obscure the data with false patterns. Large mass adoption would see weeks of buying uptrends and it would be a slower growth with peaks when someone gobbled up 10 million at a time, this didn't happen. With the mining pressure that was always around for auto selling (cryptsy wallet had issues due to this and if you look back in this topic I already long ago speculated this based on the constant same sell amounts that were on regular times). This is only going to become worse as the price is up now so multipools can target the coin so I suspect we will see a slow erosion of the price back to the 40 sat price, maybe 30 sat but this will take 2-3 weeks I suspect maybe a little more.
I don't think a pump group will attempt this with the coin for at least 6 months as there are people with coins on polo and cryptsy that bought higher that would want to neutralise their investment cost and will be waiting for this opportunity now that price has dropped and they have a bit of fear in them.
This is based on if the current dgb trend of use continues... there are some nice services with tofugear etc coming but aside from that there aren't community sites and large utility that take dgb that will cause more buy pressure.
I will be purchasing some more DGB come the 30-40 sat range as I think its highly likely to occur, I might be wrong but on a sensible investment strategy its better risk wise with the volume out there (5 billion coins) than to buy now at the current rates considering the strength of the walls both sides.
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That's my 2 satoshi in opinions. I'll check back in here in 3-4 weeks to see how my educated opinion plays out.
Keep the good work up
but at the same time everyone needs to be professional, respectful and open minded of others opinions expressed, else you are just a crypto savage.
