Short Tab 3 answer:
NOT P&D
I'm not referring to your everyday pump and dump that the thinnest traded are vulnerable to - as was alluded to above. That was one key filter: $10,000 min. daily trading volume.
This is what I said: "The fact that these short term rallies came off of lows and haven’t given much back (in the coins on this list - coins from the top 100 capitalization list that met inclusion criteria) suggests that this is not a P&D and that what we're seeing is most likely smart money coming into the cryptocurrency space."
Institutional money is not always the "smartest", but they do have damned good information, and a hell of a lot of money to DIVERSIFY. That's in caps to emphasize the balanced portfolio premise and the fact that everything gets its ALLOCATION. Again in caps to remind everyone that as something gains value, it gets its allocation, and cryptocurrencies are going to get theirs.
Two important across board rallies involving somewhere in the neighborhood of 80 million dollars of trading volume that seem to be holding levels gained.
There are thousands of institutions with fiduciary investment responsibilites always looking to diversify, and an official Investor's Pack (that focuses on product > future plans and prospects > appreciation potential of DGB > long term INVESTMENT RETURN), again, something "official", PDF format, on digibyte.co would make it easy for anyone to send an email with a "link" to anyone they think might benefit.
The launch of the Bitcoin ETF (probably later this year), will give some access to institutional investors - as a way to add digital currency to a portfolio. Currently, there are no direct points of access, and no institutional money is going to add an unregulated, undefined, super-high risk, asset class as a way to balance a portfolio.
Sorry. I just don't see the recent purchase trends as evidence of a move by institutional investors. We wouldn't be wondering ... they publish their portfolios ... and, even at $10,000 daily trading volume ... that's not even a drop in the bucket. Today, June 25, Apple (AAPL) had an exchange volume of 31.9 million shares. Using the closing price, that is a $4,067,250,000 daily trading volume (that 4 billion dollars daily volume is approximately the same as the total sum value of every single digital currency). Ten-thousand might seem like a lot to an alt-coin ... but it's not a standard that would indicate institutional investment.
I'm more than happy to acknowledge that the purchasing trend that you identified could be the result of large purchases by individual investors, or even small investing collectives.
However, I think that you didn't quite absorb my comments about time and investments. I guess you're correct that many of the coins came off lows and haven't gone back down (yet?). But, it's only been a few weeks? If I had a few hundred thousand dollars to invest in alt-coins, and I were looking for short-term trading gains, I would shoot for a 3-6 month time scale for investment return. Maybe you're right and these recent purchases are long-term investments. I have no idea? But, I would suggest you re-read the final paragraph in my post above. Using only several weeks - or even a couple of months - of data, there is 0% probability that we could accurately analyze the trend. In 18 months, or 36 months ... at that point, we will be able to accurately determine if these purchases were short-term speculation or long-term investment.
About the suggestions you have for the DGB investor's pack. We have to be careful. What you're suggesting feels very much like an investor relations pack for stocks and publicly traded companies.
Can people invest in DigiByte? Yes. Without a doubt.
Is that an investment in DigiByte as a company? No. Absolutely not.
If I buy a bushel of wheat, I didn't make an investment in the farm that grew the wheat. I can either eat/use the wheat myself, or I can resell it. Let's say I purchase it as an investment. I purchase wheat as an asset because I believe that someone else might be willing to buy it later for more. But, I don't have any equity in the farm that grew it. I don't even have the ability to say that I have a share in wheat as a commodity. I own some wheat ... but, it's not like I'm invested in the business of wheat production.
Or, let's say you buy some Rubles. And, let's say you use them to buy some Euros. You have assets. You might even describe those assets as investments. But, you don't have any claim of investment in the financial systems of the countries that use Euros.
The media kit covers current DGB services and products. And, it has sections on DigiSpeed and DigiByte Gaming (future plans and prospects). I drew the line at those ... we could get into legal trouble for mischaracterizing an investment or suggesting future returns. DigiByte isn't a ponzi scheme. We're not licensed investment brokers. And, most important, DGB is not an investment the way a stock is an investment. DigiByte - literally the DGB coins - are a digital asset that is exchangeable for other digital assets. If a person uses those exchanges to generate profits, it's possible to characterize the purchase or sale as an investment. But, it's not an investment in DigiByte as a company. Investments in companies establish legal relationships (usually in the form of shares of ownership or shares in revenue). Owning DigiByte does not establish any sort of legal relationship between the person who owns the DGB and DigiByte as a business.
NO INVESTMENT KITS SUGGEST FUTURE RETURNS (appreciation potential) - stock and mutual fund investment kits only deal in past performance. It's not possible to predict long-term investment returns, it's dangerous, misleading, and it's also not advisable unless you want to upset the SEC.
DigiByte doesn't need something like that for a couple of reasons. First, it's not a publicly traded company. At some point Jared might want to approach private investors for additional venture capital. That's his business, and his decision. I would support him in any way that I could ...
I believe that the best way to promote DGB is to invest in DGB as a community. We're not investing in DGB as a company ... we're investing in DGB as a community. When we purchase DGB as a personal asset - we are making a personal investment in joining the DGB community. We can add value to the DGB community in lots of different ways.
HR ... you add lots of value to the DGB community with your work and help forums. I've tried to add value to the DGB community with the DigiByte Group, and I will continue to work to promote the community and add value.
But, anyone - actually everyone - can add value to the DigiByte community. Telling your friends ... forwarding a Tweet ... using DGB tip ... writing a review (hopefully a good review) of the mobile wallet. We can all support and promote DGB. The smallest little actions that we take are part of our investment in adding value to the DGB community.
