Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 831. (Read 3059029 times)

Okay.

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.

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.

Hi 24.  I pretty much entirely agree with your characterization.  Especially the fact that across digital currencies the dominate trading strategy is momentum trading.  I think because many people don't know much about any of the coins ... they just buy when things start going up and sell when things start going down.  This amplifies the volatility of the highs and lows ... and tends to be reinforced by news based traders.

It's not a bad thing that DigiByte doesn't fit that pattern.  In fact, I think it's a good thing ... it speaks to some of the advantages.  But, eventually, we do need to develop the volume and - as part of that - we'll see more volatility.

Long Response:

You asked for reflection ... so here goes ...

I would need you to clarify what you mean by institutional money.  I was surprised to read that Overstock keeps a portfolio of digital currency that includes alt coins.  It's not a very big portfolio  (a few hundred thousand dollars).  But, still, they have one.  And, I imagine there are probably other companies that do as well.  However, there really aren't any institutional funds in digital currency (not in the sense of index funds).

Let’s assume your hypothesis is correct … I would suggest that the buying is part of 3 different simultaneous circumstances.

1. Some of the buying is just people moving money around adjusting to the summer market.  Summer markets are dull.  Not as many people mine because of the heat … taxes are done for the previous year … companies are preparing  for the new fiscal year starting July 1 … kids are out of school … people go on vacation (literally people work fewer hours) … etc.

2. However, some of the buying could also be an attempt to work a corner to realize short term gains - literally to corner the exchange market for a coin for a short duration of time.  So, following that rational, the logical choices would be to identify coins that you could average up with the least resistance.  You would need to balance the resistance averaging up against the capital cost to do it.  You want to avoid unnecessary capital costs - but you also need to purchase enough capital to make the eventual returns worth while.  Finally, you would need to do it with coins that had enough support to not entirely collapse … because averaging down you’ll want to be able to realize the most gains possible.  If a coin collapses at the first hint of a major sale, the strategy won’t work. The strategy requires a coin to average up over a defined duration - and then average down without crashing.  (By the bye, this all becomes more complicated if you begin to account for absolute and comparative advantages).

3. Some of the buying is probably related to ongoing changes in the alt-coin game.  Earlier this year, I wrote something about how I believed that 2015 was going to be an important year for alts … with fragmentation, consolidation, new investment, etc..  I still believe that … alt coins are going through a transition phase … they’re being forced to become more professional, more managed, more developed.  These small fractures are currently apparent in the argument over BTC block size and transaction speed.  It’s not being said explicitly, but the real question is … is there a better alternative?  And, the likely answer is yes.  I don’t think BTC is going away … but, people are starting to realize that it’s not a scalable payment network that it promised.

So where does that leave us ...

In your post above, you correlate institutional money with smart money.  That might be a generous correlation.  Remember that time is a variable in an investment strategy and analysis.  As a result, none of our conversation about these price fluctuations means much of anything.  We’re attempting to use this discussion to make decisions about the interest of investors in prospective investments … we’re asking a question … do these recent trends in purchases identify some valuable knowledge (smart money), or some tangible success (smart money), possessed by some other investor (institutional or big investors)?  Even if we extend the timeframe to a full 12 months, there is less than a 10% probability that we can correctly separate the difference between this just being random luck, or chance, and this being the result of skilled speculation.  We’re not talking about a 12 month timeframe … we’re talking about less than a 1 month timeframe.  There’s almost a 0% probability that we could correctly analyze the difference between this being random chance or a result of knowledge, or skill.

Short response:

We probably could - and probably should - eventually develop a more comprehensive investor relations system.  At the moment, the media kit that we developed is a pretty good package.  So, I would say by all means ... send it out.   Anyone can share it with people, and friends, and possible investors ... https://digibytegroup.com/project-153/

We'll continue to keep it updated with new developments.  You can always find the most updated version of the kit on the DigiByte Group website.

So applecoin and boostcoin are in the list of potential coins for investors?  They know about these coins and see "potential" but not  know about Digibyte?  Same as digitalcoin which uses some forks of Digibyte?
I think you are right about some coins but i also think some of them are really in p&d stage and i really think that Digibyte is hold down really hard and with that i mean really really hard and because its hold down so hard people/investors dont see volume and with that potential and everything that comes with that, Day traders attention/hype is good for volume.

Last time in the pump from 20 to 140, How many new members did we see on this forum calling the Digibyte moon and Digibyte is future etc etc? Just because they are day traders telling other daytraders and hyping all the way. Now we have 4 months "sideways" action/downtrend and nobody is coming in here with the hype attitude.

I think a investors package is a good idea but i also think that Digibyte and this community sells itself when the volume and marketcap grows.

Question for reflection:

Why is DigiByte not on this list? https://bitcointalksearch.org/topic/m.11711916

If my thesis is correct, and if these rallies are due to institutional investors/smart money, then the best answer would be that it's not on the list because institutional investors still don't know about DigiByte.

Should we consider putting together an Investor's Packet and getting it sent out?

I'm looking at this coin to be my pension top-up in 20 years time, I'll just keep buying some weekly and mine some, Who knows i might have a great pension in the end 

I  can see lots of people are working on this project and it has a great community, I'm not even going to bother looking at the other coins that come out because most recent ones over the last couple of months have already failed. This coin i'm sure will not fail.

Good luck DigiByte team, i've put you on my Christmas card list 

Yes, it's over supply for current demand. It's better to have a stable price as a currency, let DGB fall to 30-40 in the short term. It doesn't matter blockchain tech is the future and DGB will have a part in it. Someone mentioned this on the guldencoin forums  (guldencoin also going to have over 1.6 billion after 40 years) and that if the coin had a low supply for all the usage the coin has it would be over 1 million USD in marketcap at least and this also applies to DGB.

For a long term view then DGB and guldencoin are the coins to bank on. Have a short term view then gamble away!

too many coin in the market
price difficult to rise up
except many merchant buying for business
so the coin will be little in market
price will get up possible come up $1

i think digibyte is a good name and good developer

I think I get what you mean.  I think you mean that DGB is currently undervalued.  I agree ... but I also think that DGB is fine to keep working and developing and building ... it's great for speculators when there is volatility in market price, but it doesn't do anyone else any good.  Speculators are the only people who benefit from price volatility ... 

I think there are so many reasons to be optimistic about the long term value of DGB.

good coin , bad price 

I would help if i could, but don't have the programming skills or the experiance in coins to help.
I doubt i would be of any help.

And forgot about the digibyte gaming wallet last week.

But the price is so stable, i would have wanted to see price go up again.
bought alot above 40 sat and i lost some BTC in other coins.

was hoping dgb could get me my losses back.

but i'm here for the long term.

They just released the Gaming wallet like a week ago and according to Jared they will release things in phases.
So your waiting for news so Digibyte moves a little or do you want to help Digibyte in the progress and development?

when is the next big update from DGB ?
the market has been quiet ( silent)

Not alot of movement  and not alot of big news yet.
expected something to happen sooner

How does digibytetip.com work? https://twitter.com/TmmApps

Thanks for that. That is exactly what I needed to accomplish my goal. I will enable it and try to get it all worked out tomorrow. It is way past time to sleep in my timezone. :-D

Yes, I was using my graphics card to mine qubit algorithm. Many. many small inputs. I guess I will install the new mobile wallet and move everything there and once everything is there move it back to my Digibyte Core wallet. I am no longer mining DGB so just want all my coins in one place. Thank you for the assistance.