16 Reasons to Buy DGB Today and Hold as a Long-Term Investment
We live in a unique time like none other. Digital assets are disrupting the financial sector. The invention of blockchain is just as important as the invention of the internet. There are hundreds of digital assets to choose from in today's market. Some are great investments but most will fail. Let's make the case for Digibyte as a solid investment. This list is not in order of importance and isn't exhaustive. Please forgive the redundancy since I've mentioned some of these arguments in previous posts. Consider the following arguments.
01. We are at a relative bottom on USD and BTC charts. Under no circumstances should we purchase an alt coin at its peak. Always buy at the bottom!
02. Clear signs of a reversal are evident on the USD chart. Our current USD value has more than doubled in the last 30 days.
03. We will be at $10 by May of 2019 if and only if we respect the right leg of the triangle. The graph featured is a weekly log chart of Digibyte in USD. The first wave took us to the all time high. The second wave completed its retracement when it touched the right leg of the triangle. The third wave should take us to the left leg of the triangle where it will touch for the 4th time. The 4th touch will take us to at least $0.16.
04. Great divergence exists between the USD and BTC charts on coinmarketcap.com/currencies/digibyte/. This can be clearly seen when you select log scale. Expect massive gains in value when such divergence exists! Consider what happened to the price from Jan - Feb and Sep - Oct of 2015.
05. We have recently been listed on Yahoo Finance (finance.yahoo.c...m/quote/DGB-USD?p=DGB-USD). Notice that Digibyte is paired with 10 different currencies. I personally think that this is huge since it will attract the attention of mainstream investors.
06. We have recently been added to Ledger Nano S and Blue. This allows users to store their Digibytes on a hardware wallet. This is a significant and meaningful accomplishment which sets us apart from other digital assets (ledger.zendesk.com/h...Digibyte-with-Ledger).
07. We didn't spring up overnight. We have been around for over 4 years. Our technology has been tried, tested, and proven.
08. We forked from the BTC protocol. So the base code isn't original to us. However, we have not sat idly by over the last 4 years. Rather, our developers have proactively enhanced the original code by solving some of the most important problems that plague Bitcoin and other digital assets.
09. We anticipated the astronomical cost for a Bitcoin micro transaction. Our fee for a single transaction is slightly more than one cent!
10. We are the fastest digital asset on the market! If you don't believe that then put us to the test and try for yourself. We'll be able to process 280,000 transactions per second by 2035 since our block size doubles every two years. Therefore, you won't be plagued by unconfirmed transactions like with Bitcoin. You will have your Digibytes in a few minutes and they will be spendable.
11. We are the longest blockchain in existence at over 5 million blocks with 15 second block times.
12. We are the most decentralized mineable blockchain in the market since we are on over a 100,000 nodes. Therefore, we are more distributed than Bitcoin or other digital assets.
13. We pioneered Digishield which is used to protect more than 25 alt coins from a malicious attack.
14. We were the second digital asset to activate Segwit which will allow for atomic swaps. And, we did so without a contentious hard fork with full support of our 65,000 community members.
15. Our community is growing rapidly. We have over 65k followers on Twitter.
16. We use 5 mining algorithms to prevent centralization and protect against a 51% attack. Currently, the community is discussing a hard fork which will swap out an algorithm for another to prevent ASIC mining centralization.
01. We are at a relative bottom on USD and BTC charts. Under no circumstances should we purchase an alt coin at its peak. Always buy at the bottom!
02. Clear signs of a reversal are evident on the USD chart. Our current USD value has more than doubled in the last 30 days.
03. We will be at $10 by May of 2019 if and only if we respect the right leg of the triangle. The graph featured is a weekly log chart of Digibyte in USD. The first wave took us to the all time high. The second wave completed its retracement when it touched the right leg of the triangle. The third wave should take us to the left leg of the triangle where it will touch for the 4th time. The 4th touch will take us to at least $0.16.
04. Great divergence exists between the USD and BTC charts on coinmarketcap.com/currencies/digibyte/. This can be clearly seen when you select log scale. Expect massive gains in value when such divergence exists! Consider what happened to the price from Jan - Feb and Sep - Oct of 2015.
05. We have recently been listed on Yahoo Finance (finance.yahoo.c...m/quote/DGB-USD?p=DGB-USD). Notice that Digibyte is paired with 10 different currencies. I personally think that this is huge since it will attract the attention of mainstream investors.
06. We have recently been added to Ledger Nano S and Blue. This allows users to store their Digibytes on a hardware wallet. This is a significant and meaningful accomplishment which sets us apart from other digital assets (ledger.zendesk.com/h...Digibyte-with-Ledger).
07. We didn't spring up overnight. We have been around for over 4 years. Our technology has been tried, tested, and proven.
08. We forked from the BTC protocol. So the base code isn't original to us. However, we have not sat idly by over the last 4 years. Rather, our developers have proactively enhanced the original code by solving some of the most important problems that plague Bitcoin and other digital assets.
09. We anticipated the astronomical cost for a Bitcoin micro transaction. Our fee for a single transaction is slightly more than one cent!
10. We are the fastest digital asset on the market! If you don't believe that then put us to the test and try for yourself. We'll be able to process 280,000 transactions per second by 2035 since our block size doubles every two years. Therefore, you won't be plagued by unconfirmed transactions like with Bitcoin. You will have your Digibytes in a few minutes and they will be spendable.
11. We are the longest blockchain in existence at over 5 million blocks with 15 second block times.
12. We are the most decentralized mineable blockchain in the market since we are on over a 100,000 nodes. Therefore, we are more distributed than Bitcoin or other digital assets.
13. We pioneered Digishield which is used to protect more than 25 alt coins from a malicious attack.
14. We were the second digital asset to activate Segwit which will allow for atomic swaps. And, we did so without a contentious hard fork with full support of our 65,000 community members.
15. Our community is growing rapidly. We have over 65k followers on Twitter.
16. We use 5 mining algorithms to prevent centralization and protect against a 51% attack. Currently, the community is discussing a hard fork which will swap out an algorithm for another to prevent ASIC mining centralization.
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@Chilling_Silence, I appreciate your comment. Thanks for the correction too regarding the cost of a transaction fee!
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@damdamm, Thank you for your nice comment!
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Please read the breakdown of a DGB transaction fee by Chilling_Silence. What is most remarkable about his comment is that the fee for a single transaction will be far less than one cent even when DGB is at $10. Mind blown!!
DGB is perfect for micro transactions since it is lightning fast and the transaction fee is essentially negligible.
Imagine buying a cup of coffee in the future at Starbucks with DGB. That'll be 0.5 DGB for a venti latte.
And, this is only one use case for DGB. It has the capabilities of doing much more than payment processing.
DGB is perfect for micro transactions since it is lightning fast and the transaction fee is essentially negligible.
Imagine buying a cup of coffee in the future at Starbucks with DGB. That'll be 0.5 DGB for a venti latte.
And, this is only one use case for DGB. It has the capabilities of doing much more than payment processing.
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Now is not the time for selling your position in DGB. Big mistake!
Congratulations to all of you who acquired more DGB at these sub-100 satoshi levels. What a discount!!
Accumulate as many as possible at these levels and reap massive profits in the future.
Congratulations to all of you who acquired more DGB at these sub-100 satoshi levels. What a discount!!
Accumulate as many as possible at these levels and reap massive profits in the future.
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@ atropoulos, Thanks for your question. Here are some links where the DGB community is discussing algo swaps:
www.reddit.com/r/Dig.../algorithms_to_swap/
www.reddit.com/r/Dig...gr_skein_coming_out/
www.reddit.com/r/Dig...rom_inflated_supply/
bitcointalk.org/index.php?topic=4082...
www.reddit.com/r/Dig.../algorithms_to_swap/
www.reddit.com/r/Dig...gr_skein_coming_out/
www.reddit.com/r/Dig...rom_inflated_supply/
bitcointalk.org/index.php?topic=4082...
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Thanks to everyone for all of your comments. I'm sorry that I cannot respond to each one due to moderation issues.
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My projection for BTC:
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@XenoBiologist, Thanks!! It's a wonderful buying opportunity for DGB if this idea plays out. For example, you can pick up 39 million DGB if you invest $5k at the absolute bottom. This idea is only possible if BTC tanks to $1,175.
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A bullish scenario:
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Inverse head and shoulders formation on BTC & DGB charts:
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A bearish scenario for BTC & DGB if BTC hasn't finished its ABC correction:
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Head & Shoulders formation on DGB USD log chart:
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@rickpruneda,
Thank you!
Thank you!
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@ damdamm,
I enjoyed reading your comments!! Very funny. :-)
On a more serious note though, I want to clarify my position. I absolutely love DGB and understand its intrinsic value from many vantage points. My bearish scenarios have nothing to do with the fundamentals of DGB.
On the contrary, my bearish scenarios have been triggered by carefully analyzing and pondering the chart of Bitcoin. It has nothing to do with DGB or any other alt coin for that matter. As we know, Bitcoin drives the entire market. And, I can't help but feel that Bitcoin is grossly overvalued.
Maybe I am dead wrong on this point. And if I am, then my bearish charts are wrong because they are all based on this assumption.
I objectively ask, is BTC worth its current price given all of its shortcomings? You have to admit, that is a fair question to ask.
Let's list a few of those shortcomings for the benefit of other readers:
1. Transactions per second
2. Unconfirmed transactions
3. Slow network
4. Centralized network (5% of BTC investors hold 95% of all available BTC)
5. 51% attack vulnerabilities since only one mining algorithm and centralized mining facilities
6. Inability to scale in the future because of block size restriction
7. High cost of transaction fees (even though they are coming down)
8. Divided community
9. Lightning network (touted as a solution but it isn't when you understand where it leads to)
I mention these shortcomings to illustrate a point. Namely, I believe that BTC is grossly overvalued given these many shortcomings. However, I have faith that BTC will address these issues in the future.
In five years, BTC went from one cent to $20,000 without addressing the core problems mentioned above.
In one sense, it has been in a speculative bubble. Therefore, in my opinion, it wouldn't be unreasonable for BTC to retest lower historical supports since its value has been inflated.
The worst trend in the crypto market is that all alt coins follow BTC's lead. This works well when the market is bullish but has devastating effects in a bearish market.
I'd like to see DGB and other alt coins break out of this nasty trend. DGB needs to become self-sufficient, self-sustaining, and absolutely independent.
This is why it is imperative that DGB be paired directly with the USD, in my opinion.
In one sense, the market has embraced a self-sabotage mentality because all alt coins follow the movements of BTC. We need to break this trend!!
Sorry for the long-winded response. Here are my final thoughts.
This could be the short of a lifetime especially for those that are looking to increase their positions in DGB (or their favorite alt coin).
Am I wrong in my analysis? Maybe. I'll let you be the judge of that.
I enjoyed reading your comments!! Very funny. :-)
On a more serious note though, I want to clarify my position. I absolutely love DGB and understand its intrinsic value from many vantage points. My bearish scenarios have nothing to do with the fundamentals of DGB.
On the contrary, my bearish scenarios have been triggered by carefully analyzing and pondering the chart of Bitcoin. It has nothing to do with DGB or any other alt coin for that matter. As we know, Bitcoin drives the entire market. And, I can't help but feel that Bitcoin is grossly overvalued.
Maybe I am dead wrong on this point. And if I am, then my bearish charts are wrong because they are all based on this assumption.
I objectively ask, is BTC worth its current price given all of its shortcomings? You have to admit, that is a fair question to ask.
Let's list a few of those shortcomings for the benefit of other readers:
1. Transactions per second
2. Unconfirmed transactions
3. Slow network
4. Centralized network (5% of BTC investors hold 95% of all available BTC)
5. 51% attack vulnerabilities since only one mining algorithm and centralized mining facilities
6. Inability to scale in the future because of block size restriction
7. High cost of transaction fees (even though they are coming down)
8. Divided community
9. Lightning network (touted as a solution but it isn't when you understand where it leads to)
I mention these shortcomings to illustrate a point. Namely, I believe that BTC is grossly overvalued given these many shortcomings. However, I have faith that BTC will address these issues in the future.
In five years, BTC went from one cent to $20,000 without addressing the core problems mentioned above.
In one sense, it has been in a speculative bubble. Therefore, in my opinion, it wouldn't be unreasonable for BTC to retest lower historical supports since its value has been inflated.
The worst trend in the crypto market is that all alt coins follow BTC's lead. This works well when the market is bullish but has devastating effects in a bearish market.
I'd like to see DGB and other alt coins break out of this nasty trend. DGB needs to become self-sufficient, self-sustaining, and absolutely independent.
This is why it is imperative that DGB be paired directly with the USD, in my opinion.
In one sense, the market has embraced a self-sabotage mentality because all alt coins follow the movements of BTC. We need to break this trend!!
Sorry for the long-winded response. Here are my final thoughts.
This could be the short of a lifetime especially for those that are looking to increase their positions in DGB (or their favorite alt coin).
Am I wrong in my analysis? Maybe. I'll let you be the judge of that.
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If this BTC idea plays out then the alts will get slaughtered:
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BTC buy zone based on Fibonacci levels: $4,384 - $1,819
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Trade closed. Broke key support.