Post
Topic
Board Announcements (Altcoins)
Re: ★★ DigiByte ★★ [DGB] - A Professional Cryptocurrency ✈ Now Launched!! ✔
by
grynca
on 17/01/2014, 16:07:34 UTC
I think it's a given that it'll fall just after listing, but given DGB's usefulness as a POS currency I expect that those who wait too long to buy will find themselves locked out of the market as it will rise again soon. My completely unscientific guesstimate would be in the region of 50-100Satoshi's.  If it lists for that much it's going to get smashed by multipools tho :/

It seems like a lot of you are forgetting the MASSIVE giveaway in the first 48 hours, let's do the math:
**Note: After the first 48 hours of DigiByte's life over 37 million of the giveaway account has been disbursed to over 1200 wallet addresses !**
37.000.000 / 1200 = 30833,33333333333

That is more than 30K average as a give away in only the first 48 hours..... That is something not really healthy in my view, then there is the other give away to people who simply give a facebook like or a post; ohh and not to forget the "scammish" websites that got 10K+ coins when adding digibyte.

So my believe is, this coin will drop like a rock as a lot (for example half of give away is already 15 million) will get dumped...
Please convince me otherwise but the too agressive giveaways only work to get noticed but not to build a steady coin!(based upon other coins!!)



My belief is that with the dedication devs are putting into it, the coin has solid chance to make it to top ten coins in market cap. Maybe higher. You are just questioning their strategy, you are every right to do so, but from my point of view their strategy is solid. So far it works to say at least, they lured some early adopters, both with giveaways and with the hard work they put into it. If they keep their effort (forum updates, website updates, building the community ...) then we have nothing to worry about. Most coins die because developers fail to communicate or do some scams. This is not the case. Bright future ahead us, stay cool my friends ;]