I do not want to be the partypooper but if a coin is never dumped ... it will never rise. You need more people holding the coins except miners to create value in trading. Dumping is not a bad thing , it may look that way at first since the price goes down. But buyers that do not mine, are the traders that will push the value up in the long run.... took me a while to realise this.
You Sir are correct!
Most miners tend to hold onto their coins for to long because: "what if the price rises and I already sold?". Djeez.
They do not understand that in selling throughout time, they will CREATE trading and a larger market.
If I look at the 24h volume from coinmarket.io it's pathetic (always)! Nowhere near enough to sustain or create a healthy supply and demand.
Currency needs to flow, otherwise it's of ZERO value.
Thanks for all these wise hints.
I think a majority of us is pretty new at trading Cryptocurrencies or trading in general. We all come in this game with the hope we could make a big and quick buck. That might be the case for few lucky ones but for the most of us it won't. So what's left? First a wonderful opportunity to experience first hand what trading really is.
Digibyte has had a very healthy launch so far and yesterday was another milestone. We should keep working in that direction and encourage the Devs to deliver further features that will be needed soon.
All the "To-Da-Moon-ers" need to realize that it's technically impossible to become $ millionaires with Digibytes(or any other CC) as long as the Market Cap is $660.000 and the daily volume is $31.000.
From now on, I'm gonna sell half of what I mine every day as long as the value of DGB is pretty much stable. when there is a dump, then I'll be happy to buy back at a lower price. This behavior will be beneficial to myself and to the currency in general since it will help stabilize the price and increase the volume of exchange.
Thanks everybody, I like the Digibyte community
