Re: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65%
WHY I'M HODLING DMD?
I've bought 25 Diamonds about a month ago and I plan to hodl.
I don't consider DMD to be revolutionary in any way, in contrary, from technical point of view it's rather average generic coin.
But there is something unique in Diamonds, they have this psychological feel of being valuable. They are rare precious Diamonds after all.
Branding, Marketing, Community building - all the "soft fields" are what DMD are excellent at.
I consider it to be kinda the self-fulfilling prophecy. If people have this feel (that I had, and I'm not that unique I think) that Diamonds should be valuable, they WILL be valuable.
It's purely psychological trick, BUT IT WORKS!
So I'm hodling, for now they go toe-to-toe with BTC, but I prefer to hodl DMD, cause they have much lower market cap,
what gives them possibility of sudden 10x (or more) gain, which is not possible on regular BTC (it takes months or years for 10x gain).
So it's much more likely to "hit the jackpot" with DMD.
Someone can argue it's also more risky to hodl DMD than BTC, but because of forementioned psychological effect, I don't think that is really the case.
Do you have similar views?
DMD has been very stable in terms of price which makes it overall less of a risk to hold. It tracks the price in USD, not Bitcoin, though, so sometimes its price goes down in terms of BTC if BTC has a major spike. But since I started buying DMD the overall price trend in terms of USD has been nothing but up.
It sounds realistic that the DMD value could continue to go up, so even now it would be a good coin to buy a little at a time, you know, with money that you would normally spend on coffee or cigarettes, and just keep doing that. You can keep your wallet open for minting to get a bit more, and once you reach 100 DMD you could put it up on the shared masternode that Luis here runs.