That guy on 47 sat makes a smart move
Thank you for your kind words
. It'll join my stash of 38,000,000 already. I hold bitcoin and digibyte only. Other coins i get through trades, rewards etc i convert to btc and 50/50 convert to digibyte. I actually need some for a gaming/crypto project i'm working on that will use dgb as the base reward system. Mainly because of its development activity and low value coin as opposed to bitcoin and the speed of confirmations makes it ideal for me.
Very intresting! I hope for you that the buy orders will fill but it will be hard to get it all.
Looking forward to your project!
Nah... i've done 47 satoshi buys before of 4BTC and they've been filled. DGB seems to have lots of sells on cryptsy compared to buys. like 1 buy for every 15-18 sells. Been watching it for a while. A good time to purchase. There are a number of miners that appear to be mining direct to their cryptsy deposit address... you can spot them easily. They are the 2338.x sells constantly happening. Seems they are complete block solves from a particular miner. I'm patient
watch the higher buys eat away slowly.
It's almost tempting to start a campaign to encourage real digibyte supporters to withdraw their buy orders from crypsy and let your order be filled by these miners dumping their coin. They could then use the time to accumulate BTC and come back with a vengeance once your order is filled.
My order would be a higher price if i knew they weren't auto miner dumping. I have no reason to bid higher when there is low buy volume requests and lots of sells. Take a look at cryptsy seems the block spendings are lower on reward so its currently 2315 DGB sells. Look at the market history there are auto dumps from a miner approximately every 9 minutes. Smart traders would halt their orders and let this diminish the book size to get cheap coins
. 38 million is a good hold for me... i'd like another 12.7BTC worth but in this climate i'm not keen to raise too much. Longer term holding for me so i'd like to keep them in my possession
.
There is also a few people with api access running auto bots. When certain levels hit they put up 5000 DGB buys. Its not enough to counter the sell pressure long term though. Unfortunately digibytes use utility is low so this selling continues with no buy pressure. Honestly if you believe in the coin and want to get in early this is the time to do it.
Digibyte released coins is what 14 Billion? 14,000 million total of 21 Billion or 21,000
210 million coins will make you 1% or 1 in 100 richest
at end of mining
I'll be happy with 100 million and likely shoot for it myself as a goal.