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racer2012
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September 13, 2014, 12:05:20 AM |
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Any guess where DGB price will be by next week if if its keep rising...
It is at 28 sat on cryptsy...atm
Get more DGB while its still low...
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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lionhead666
Member
 Offline
Activity: 109
Merit: 10
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September 13, 2014, 12:12:19 AM |
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And what do you think looks promising? I would agree if we can move over 35 and then over 50 sat. |
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ycagel
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September 13, 2014, 12:16:59 AM
Last edit: September 13, 2014, 01:01:28 AM by ycagel |
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We are at 27 right now, so you will need some movement to take us over that and continue to have volume. YC And what do you think looks promising? I would agree if we can move over 35 and then over 50 sat. |
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ycagel
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September 13, 2014, 01:01:05 AM |
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Tim Draper: Bitcoin’s Price Still Headed to $10k
Pete Rizzo (@pete_rizzo_) | Published on September 12, 2014 at 16:49 BST
Despite continued interest from major payments companies and thought leaders, the price of bitcoin has declined in recent weeks, as optimism surrounding New York’s proposed bitcoin regulation gave way to backlash and the market grappled with the widespread use of new and more complex financial tools.
Both factors were recently cited by bitcoin hedge fund Pantera Capital as reason’s that bitcoin’s price has declined since July. In that time, the price of 1 BTC has fallen from close to $650 amid heightened interest from investors at the time of the US government’s auction of roughly 30,000 BTC to a value of $472 at the time of publication.
Still, it’s arguable that no investor has been more exposed to this recent price decline than noted venture capitalist and Draper Fisher Jurvetson (DFJ) partner Tim Draper, who on 2nd July revealed he purchased all of the nearly 30,000 BTC seized from now-defunct online black market Silk Road and sold by the US government.
In a new interview with CoinDesk, Draper revealed he has been surprised by bitcoin’s recent decline in value, though he remains optimistic in its long-term value as an asset.
Draper told CoinDesk:
“I guess the markets aren’t seeing what I am seeing. An entire economy is being rebuilt. I have a price target of $10,000 in three years. Even that may be pessimistic.”
The remarks are notable given that, should Draper have paid market price for the BTC holdings, he would have lost roughly $5m on his investment to date.
Bullish in emerging markets
Draper also addressed his overall investment strategy and recent moves, most of which have targeted bitcoin startups in emerging markets.
The 56-year-old investor, who has contributed to recent funding rounds raised by BitPagos, Korbit and Volabit, told CoinDesk that he believes these companies will ultimately succeed in the face of steep challenges.
Draper’s remarks suggest that he foresees these companies being able to overcome any obstacles posed by regulation and a current lack of consumer awareness, stating:
“These companies are making it easier for people to do business in their countries. As long as the governments realize that they are better off when their people are successful, it should be smooth sailing for our bitcoin investments.”
Investors should buy bitcoin
Price decline aside, Draper said he believes that investors should continue to seek opportunities in the bitcoin market, saying he would “encourage people to buy bitcoins and spend them”.
When asked what advice he would provide to investors and entrepreneurs observing the market, he pointed to bitcoin’s long-term utility as well as its low-cost transaction network.
Draper said:
“I assume anyone who used to send money through Western Union already is familiar with how much they can save using bitcoin.”
He went on to suggest that, in this view, investors should continue to seek opportunities available by both investing directly in bitcoin and its support infrastructure.
“My thinking is that bitcoin is here to stay,” Draper concluded. Source: http://www.coindesk.com/tim-draper-bitcoins-price-still-headed-10k/ |
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bogglor
Sr. Member
Offline
Activity: 266
Merit: 250
DigiByte? Yes!
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September 13, 2014, 02:01:41 AM |
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Looks like several scrypt blocks were found about three hours ago, starting with 170639 |
My current miner setup: Linux - Ubuntu 12.04, Two 1.3Mh/s Scrypt ASICs, Two Radeon HD 7850 GPU mining different algos (usually qubit or skein). Click here for my DGB Address QR code. DGB Address: D6ZLjbSWu2mse3EqtoSn93nFrJ85wPKBF5 I have the DGB Gaming Wallet on my Galaxy S6 |
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racer2012
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September 13, 2014, 02:17:26 AM |
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Looks like several scrypt blocks were found about three hours ago, starting with 170639Means more dump??? |
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bogglor
Sr. Member
Offline
Activity: 266
Merit: 250
DigiByte? Yes!
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September 13, 2014, 02:25:23 AM |
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Looks like several scrypt blocks were found about three hours ago, starting with 170639Actually it looks like some were found throughout the day even earlier than 170639, but they seem to be found in batches of 10-20 at a time, almost all in a row, then a period of an hour or so goes by, then a bunch more are found. Kinda strange...could someone be manipulating the scrypt blocks? |
My current miner setup: Linux - Ubuntu 12.04, Two 1.3Mh/s Scrypt ASICs, Two Radeon HD 7850 GPU mining different algos (usually qubit or skein). Click here for my DGB Address QR code. DGB Address: D6ZLjbSWu2mse3EqtoSn93nFrJ85wPKBF5 I have the DGB Gaming Wallet on my Galaxy S6 |
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ycagel
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September 13, 2014, 03:58:05 AM |
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Anyone having withdrawal issues with Mintpal?
YC
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marada
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September 13, 2014, 05:50:44 AM |
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Looks like several scrypt blocks were found about three hours ago, starting with 170639Actually it looks like some were found throughout the day even earlier than 170639, but they seem to be found in batches of 10-20 at a time, almost all in a row, then a period of an hour or so goes by, then a bunch more are found. Kinda strange...could someone be manipulating the scrypt blocks? This is well known someone has manipulated scrypt blocks. Possibly earned quite a lot of easy DGB and dumped them killing temporary the price when the fix was released... But it seems to be already over and the price is slowly getting recovered. |
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HR
Legendary
Offline
Activity: 1176
Merit: 1011
Transparency & Integrity
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September 13, 2014, 08:33:10 AM |
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I was doing the math comparing sample current payout figures with their reported hashrates (not estimated network hashrates), and my conclusion was that DGB is trading in the market for about half of what it costs to mine, regardless of whether you’re using GPU or ASIS (in fact, SHA-256 is the most costly to mine), and that's only considering electricity operating costs and says nothing about ROI on hardware investment. If you can directly buy DGB for half of what it costs to mine, then why not just directly buy DigiByte on the open market? The logical extension of that question is why not turn off all of your mining rigs (and save them) while buying at half the cost from others who are burning their rigs up? I could shut off my mining and take the same money I’m using to pay my electric bill to BUY TWICE AS MUCH as I could mine with that same budget!However, I’m a long term nut and can’t bring myself to shut down (that being said, none of my rigs are stressing, and they’re all running cool and efficient with a life expectancy of many years). Nevertheless, I can “double” my production, ACTUALLY TRIPLE, or more (at 19, where I first bought, the figures were even better still) by simply buying in the open market with the money I’d have used to pay electricity and without any new hardware investment at all! Double my budget to expand production, but instead of using that money to pay for electricity, buy direct, and get twice as much as I would have by mining! That’s fantastic! That’s what I’m doing. I “expanded” my mining budget by doubling the amount to be spent and took 4 months worth of that new money available for mining, bought BTC with fiat (and BTC is cheap right now as well), and then simply bought DGB and got 8 MONTHS WORTH in the process! And got it now! I really need to shut my rigs down for a few months and just buy, but liquidity is a problem – there isn’t much on the market to buy at these prices and you’ve got to be patient, very patient – and who knows how long sellers will be willing to sell at a loss (one thing’s for sure, things wear out, and as their mining capacity slowly goes off-line, I doubt very much they’ll be re-investing). I'll keep mining anyway, just to keep the rigs occupied and out of trouble  but if the math continues to justify it, you can count on me being back in January with another multi-month purchase.  |
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24hralttrade
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September 13, 2014, 08:47:52 AM |
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Nice calculation HR. The auto dump on Digibyte gave me allot of cheap coins so, Thank you everybody haha. especially scrxxx Yesterday i burned 0.15 btc just to get the Scrypt algo diff a litle lower with getting almost no payout. But i really don't mind. also bought for 0.9 btc more on the market I'm 100% sure my investment is safe. and waiting for some other coins to get sold and will buy more! Can't wait till jared and his team comes back and get us some updates. Market will explode!! Have a good weekend all. 24 |
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24hralttrade
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September 13, 2014, 09:24:42 AM |
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Thank you very much for the information and investigation. Yesterday i tried to mine scrypt on youre pool and not any block whas found indead. Now i see a uncomfirmed payout of i believe 1692 dgb. Give me youre DGB adress and i will donate this to youre for the help. (when it confirmed offcourse) 24 |
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ycagel
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September 13, 2014, 09:47:03 AM |
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Anyone have a direct contact at Mintpal. Usually withdrawals are automated after email confirmation. Still no response back from them. YC Anyone having withdrawal issues with Mintpal?
YC
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24hralttrade
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September 13, 2014, 10:40:53 AM |
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UP!! 2.7 buy @ 32 cryptsy sell @ 34 |
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bogglor
Sr. Member
Offline
Activity: 266
Merit: 250
DigiByte? Yes!
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September 13, 2014, 11:57:30 AM |
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Yay Thrassos! Can you give us a brief description of what the problem is? |
My current miner setup: Linux - Ubuntu 12.04, Two 1.3Mh/s Scrypt ASICs, Two Radeon HD 7850 GPU mining different algos (usually qubit or skein). Click here for my DGB Address QR code. DGB Address: D6ZLjbSWu2mse3EqtoSn93nFrJ85wPKBF5 I have the DGB Gaming Wallet on my Galaxy S6 |
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lucazane
Legendary
Offline
Activity: 1198
Merit: 1000
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September 13, 2014, 12:35:11 PM |
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just removed my sell order @50 sat.
Price will go above 100 sat soon.
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racer2012
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September 13, 2014, 01:33:58 PM |
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Once it get to 100 sat than DGB have easy chance for 500 sat and than 1000 sat. I am waiting for digipay and merchants accept digibyte everywhere so the real value get to 1:1 ratio which brings us today value of bitcoin $470 to $.47 cents per digibyte than its more fun to use it everywhere. It might take some time for 1:1 but DGB can do it...  Go Digibyte Go Jared Go Community just removed my sell order @50 sat.
Price will go above 100 sat soon.
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sucksyd
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September 13, 2014, 01:42:54 PM |
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Once it get to 100 sat than DGB have easy chance for 500 sat and than 1000 sat. I am waiting for digipay and merchants accept digibyte everywhere so the real value get to 1:1 ratio which brings us today value of bitcoin $470 to $.47 cents per digibyte than its more fun to use it everywhere. It might take some time for 1:1 but DGB can do it... Go Digibyte Go Jared Go Community just removed my sell order @50 sat.
Price will go above 100 sat soon.
why are you so confident in 100 sat？ |
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ycagel
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September 13, 2014, 01:43:01 PM |
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Lot of upside! I would caution others to watch your trades at Mintpal. Never had an issue before, but no response from support or the withdrawal has not been successfully processed. Any other members of the community have any feedback? YC Once it get to 100 sat than DGB have easy chance for 500 sat and than 1000 sat. I am waiting for digipay and merchants accept digibyte everywhere so the real value get to 1:1 ratio which brings us today value of bitcoin $470 to $.47 cents per digibyte than its more fun to use it everywhere. It might take some time for 1:1 but DGB can do it... Go Digibyte Go Jared Go Community just removed my sell order @50 sat.
Price will go above 100 sat soon.
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