excited to see how digibyte would look after 3-4 years
If you buy and hold, there's a good chance you will be a very wealthy person. If not, give it a couple more years when the block rewards drop even more.
hope youre right. but i dont see this going to 1 usd ea. it would have 21b market cap if that happens
Why not? I think it's still far too early in the adoption of digital currencies to guess about where they will or won't be in 5 or 10 years. But, it's entirely possible that DGB could reach $1 per coin. It helps to put things into perspective, I live in the State of California. Last year, the GDP for California was nearly 3 trillion USD. If all the 21 billion DGB existed today, (which they don't), and if the value of DGB climbed to $1 per coin, the market cap for DGB would still only be 0.7% of the GDP of California.
If you add up all the current market caps of all digital currencies you'll get something near $4 billion. Last year, there was also something like $600 million in woldwide venture capital invested in BTC and other digital currencies. So, let's just round up to another billion, and add that to the total current market caps. That means that there is probably somewhere around $5 billion USD invested - total - in all digital currencies and companies. Even if you add a couple of extra billion for miscellaneous costs and investments that are not accounted for in market caps and venture capital, we can still pretty easily estimate that the total money in digital currencies today is less than $10 billion. So, just to put that number in perspective ... all the combined money in digital currencies is around 0.3% of the GDP of just California last year. Apple Computers made about almost $15.9 billion dollars between October to December last year (3 times all the money in digital currency). Goldman Sachs earned about $2 billion in the fourth quarter 2014 (so in 3 months that single investment firm made 50% as much money as all the money in digital currencies).
There's no reason to go on and on with examples. The plain and simple truth is that digital currencies are still in the very preliminary stages of adoption and, at present, they are incidental to overall economic activity. DGB has enormous room for growth, it is part of a great new technology.
Just to add a few more numbers: last I looked, the USD M2 money supply was around 11 trillion dollars. The Euro Zone easily matches that amount. All in all, the developed world's USD equivalent money supply is somewhere in the range of 55-60 trillion USD.
21 billion is peanuts.
Oh, and then there's the inflation thing with those fiat currencies suffer from, and with one of the original reasons for investing in a cryptographically secure digital currency being the very fact that it's a hedge against that inflation, DGB could easily go to $2.00 someday, or even $5.00, or $10.00, all depending on just how much the good old greenback, et al., are debased in the coming years.
210 billion would still be peanuts.
Hey everyone, don't lose sight of the forest for the trees!!!!
http://en.wikipedia.org/wiki/Money_supplyhttp://data.worldbank.org/indicator/FM.LBL.MQMY.CN
