Post
Topic
Board Announcements (Altcoins)
Re: ★★DigiByte|极特币★★[DGB]✔$250k Investment, DigiByte Gaming, #DigiByteTip, DigiSpeed
by
Jumbley
on 23/02/2016, 02:38:55 UTC
All this talk on mining, i think digibyte needs to worry about more important things like the amount of coins coming into circulation by the day. If they would cap the total amount and quit handing out freebies this coin would go places on the charts and establish a healthier user base.

How are you going to convince any new person into crypto to invest in something thats bringing 3btc worth in circulation daily? Theres alot of people not investing into dgb for this reason, i know cuz ive watched the market for a long time. The rises have been forced by one or just a few people with no real support. And claiming $1 per dgb as a long term goal is ridiculous.  Not with 21billion coins, do the math the market cap would be out of this world.  Its one thing to set goals but its a slap in the face when they are far from realistic.

Mining is very important and lots of it, like there is on bitcoin but better distributed and accessible by many more people because of the multi algo approach. This is what will drive the value of the coin eventually but it always takes time because people will always have coins that they acquired for less than the current market price and will be tempted to sell them but there is only so many so the price should creep upwards as people trade them for more than they paid for them.

The 3 btc is not really relevant, because it is just based on the current market price. The target price of $1 was a comparison to bitcoin at $1000 and because that is the ratio between the supply of the two coins and nothing more, no body has ever said that will happen anytime soon and it wont happen unless we see an awful lot more mining.