I think DGB can fly to 1k SAT, if:
1) the news is major!
2) the main holders like myself (I know 6-7 of them holding an average of 100m DGB and more) holds their position.
See you there lol
I really think the main big community holders will hold there core investment for a long time. Even at 1000 sat. 2/3 of my investment will not move anywhere.
But i'm sure a stabil growth is the best so 1000 sat within a couple of months is not good.
I sort of agree. I don't have more than 100M DGB at the moment. I've been increasing my position. And, I'll keep increasing my position with both purchases, and with mining. I am hoping to be near 100M by the end of the year.
I agree that as the value moves upward, it's going to be important to have strong supporters who remain invested. I don't fully agree that establishing price stability at higher values is dependent only on a few people (whoever they are) holding their investments. At the current levels, 100M is around 2% of the total DGB available. There is always going to be more average liquidity of the market made up of smaller stakeholders than larger ones. I think there will be lots of temptation to take profits (at different levels of price) for many people. I wouldn't even fault them for it. I guess the question is more about how they go about it (an OTC sale wouldn't directly impact the exchange price - a giant market order would). I'll be honest, I have certain price levels that would trigger some profit taking. But, in each of these instances, my profit taking is pretty minimal compared to my total position because I'm still trying to increase the position. As an example, I'd really like to recoup the costs of my mining equipment (and have cash reserves to purchase new mining equipment sometime in the next 12 months).
More than just holding our positions, it's going to be important for all of us (who support DGB) to provide price support and liquidity to the market. The price is determined both by the market and the reserves. There will be multiple challenges that we face as the price increases. For instance, lots of the multi-pools will see people switch (or auto-switch) their mining to DGB. People who mine the most profitable coin - only to mine the most profitable coin - are going to sell as quickly as possible, so we need liquidity and price support to support their volumes. And, that's just one example.
I've considered taking a couple of million DGB and actively trading them to help support the price. Actively like on an almost daily basis. Support the price by placing both buy and sell orders near the market to provide liquidity on both sides. I don't do this at the moment, but it would help stabilize the price if there were high liquidity near the market. Even if we have strong price support, I'm sure there will be plenty of volatility for the foreseeable future.
DGB is working toward breaking the mold of the current conventional wisdom about alt-coins. As they continue to innovate and develop, I think we'll all see both new challenges and great rewards.