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24hralttrade
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December 10, 2014, 10:05:22 AM |
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@Digibyte, Updated the list. Trying to contact the other remaining pools. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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voephilis
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December 10, 2014, 11:10:06 AM |
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a lot of people think just because of the reduced block reward that the price will go up
it wont , there will be less DGB per day but also the difficulty will go down ,
I would like a steady price increase over time in the next few months instead of a pump
It is certainly going to be interesting to see. My theory is that mining is dominated by short term thinkers who sell as quickly as they mine (regardless of what is being mined). This theory describes a panorama where immediate ROI is paramount, and which includes hardware investment as well as daily operating costs. Long term investment is not a consideration. X amount is invested, Y pays for daily operating costs, and both must be recovered ASAP. There are fixed numbers to worked with - anything else is speculation - and these mining entities are "fixated" on these fixed numbers. All it takes is a quick look around and some quick math in order to come up with some pretty consistent reward to price ratios that support this argument that mining is dominated by entities who do nothing more that look at, and make decisions based on, these simple fixed numbers and very short term ROI goals. If my theory is correct, DGB should triple in value in very short order. To me, simply cutting the rewards three times will not increase the price 3 times right away in the short term. I know some peeps here looking for some fast profit x2-3, meaning that buy back x2-3 more DGB, but it may not be that straight  As it is said by jared, too, this is a long term vision and good for the future of DGB. And one thing you are forgetting here is that even though 3 times rewards will be lowered, new DGB coins will be inflated through the network. Therefore if there are no new buyers, then that will start short term dumps and price drops. But somehow this is good for DGB to settle with the new parameters of the block chain and the network. So in my case and my calculation in order: short term price increase for one day only when fork happened, then some dumps will follow, price will be stabilized for a while at low until the next announcement or piece of work target is achieved. Then we will start going upwards to 20-30sat range again (2-3 months), then whales will start investing which will take Dgb to 100 sat in a bit longer term (6-24 months). Within that 2-3 months, I personally expect a huge increase in bitcoin price, therefore some more dumps may occur in my opinion. Some things i agree and some things i don't. Yes in short term there will be some dumping when the price is going up because of the fork. Around 25 sat. If we do not get any new announcement people will take there quick profit. Digibyte is now working with 12 members. There will be some new announcements soon after the hardfork and that will get the price up to i think 45/60 sat. Why 45/60? I'm counting in the reduction,Digibyte trusted level,new announcement & Miners want to get payd for what they are mining so less will be selling at prices around 20 sat. in the mid/"long"term you are talking about. i think Digibyte will be around 150-250+ sat. It's just really depending of what Digibyte have to offer in 2015. Maybe it sounds ridiculous but i even think that when Digibyte will announce who the investor is and what the plans are. 500 sat is a price i'm thinking about We will see You have to look at the marketcap then. 150 sat per DGB means a 1,5 M $ market cap. 500 Sat means 5 M $ marketcap. To reach that DGB must have a real real world use like a huge payment processor or something like that. with so much coins it is really hard to get a high marketcap. |
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24hralttrade
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December 10, 2014, 11:35:23 AM
Last edit: December 10, 2014, 11:48:19 AM by 24hralttrade |
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You have to look at the marketcap then. 150 sat per DGB means a 1,5 M $ market cap. 500 Sat means 5 M $ marketcap. To reach that DGB must have a real real world use like a huge payment processor or something like that. with so much coins it is really hard to get a high marketcap.
I don't think that a big total coin supply is keeping Digibyte from a large marketcap. I'ts the trust that people need to have and keep the coin in there wallet,keep the volume. Some coins you never heard anything of and don't have much to bring have a marketcap of 1mill+ why? Just because volume brings volume. And when there is volume people start to talk about it. You did see when Digibytes announcement about tofugear released the price/marketcap did a jump in about 15 minutes. x2 almost x3. And immediatly you see tweets coming. people talking in trollboxes. This thread became more attractive. Digibytes time will come. For now it's a """forgotten"""coin that's rising and it is so underpriced/valued. Once the volume comes.big money comes and everything will grow. |
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Moxymore
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December 10, 2014, 12:02:25 PM |
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a lot of people think just because of the reduced block reward that the price will go up
it wont , there will be less DGB per day but also the difficulty will go down ,
I would like a steady price increase over time in the next few months instead of a pump
It is certainly going to be interesting to see. My theory is that mining is dominated by short term thinkers who sell as quickly as they mine (regardless of what is being mined). This theory describes a panorama where immediate ROI is paramount, and which includes hardware investment as well as daily operating costs. Long term investment is not a consideration. X amount is invested, Y pays for daily operating costs, and both must be recovered ASAP. There are fixed numbers to worked with - anything else is speculation - and these mining entities are "fixated" on these fixed numbers. All it takes is a quick look around and some quick math in order to come up with some pretty consistent reward to price ratios that support this argument that mining is dominated by entities who do nothing more that look at, and make decisions based on, these simple fixed numbers and very short term ROI goals. If my theory is correct, DGB should triple in value in very short order. To me, simply cutting the rewards three times will not increase the price 3 times right away in the short term. I know some peeps here looking for some fast profit x2-3, meaning that buy back x2-3 more DGB, but it may not be that straight As it is said by jared, too, this is a long term vision and good for the future of DGB. And one thing you are forgetting here is that even though 3 times rewards will be lowered, new DGB coins will be inflated through the network. Therefore if there are no new buyers, then that will start short term dumps and price drops. But somehow this is good for DGB to settle with the new parameters of the block chain and the network. So in my case and my calculation in order: short term price increase for one day only when fork happened, then some dumps will follow, price will be stabilized for a while at low until the next announcement or piece of work target is achieved. Then we will start going upwards to 20-30sat range again (2-3 months), then whales will start investing which will take Dgb to 100 sat in a bit longer term (6-24 months). Within that 2-3 months, I personally expect a huge increase in bitcoin price, therefore some more dumps may occur in my opinion. Some things i agree and some things i don't. Yes in short term there will be some dumping when the price is going up because of the fork. Around 25 sat. If we do not get any new announcement people will take there quick profit. Digibyte is now working with 12 members. There will be some new announcements soon after the hardfork and that will get the price up to i think 45/60 sat. Why 45/60? I'm counting in the reduction,Digibyte trusted level,new announcement & Miners want to get payd for what they are mining so less will be selling at prices around 20 sat. in the mid/"long"term you are talking about. i think Digibyte will be around 150-250+ sat. It's just really depending of what Digibyte have to offer in 2015. Maybe it sounds ridiculous but i even think that when Digibyte will announce who the investor is and what the plans are. 500 sat is a price i'm thinking about We will see You have to look at the marketcap then. 150 sat per DGB means a 1,5 M $ market cap. 500 Sat means 5 M $ marketcap. To reach that DGB must have a real real world use like a huge payment processor or something like that. with so much coins it is really hard to get a high marketcap. My little contribution about this : some points are not taken into account. 1 - A coin market cap isn't limited only by its number of total coins or by the number of produced coins a day. It depends more on everything which is around the coins : payment processor, mobile apps, merchants adoption etc... 2 - Some of you forget one important thing too : we are not so far from a scenario like the stock market crash of 1929. For some specialists, a crisis like this can happen in our life, even if we don't really know when it will happen. But it will happen... in the next year, in 5, 10, 20, 50 years... nobody knows. I'm not saying this to create some useless fear, but we can't be sure that flat currencies will rules the world for ages. And if this scenario will happen, some Digital currencies will probaby be adopted more widely... and DGB can be one of them. 3 - A possible scenario of crisis in the Digital currencies market can happened too (in fact, it's already the case, 2013 was the boom of digital currencies, 2014 was the decline of digital currencies). But if this continue, the majority of the actual digital currencies will disappear... and only some of them will survive. DGB can be one of this coin. Finally, I want to say one more time : Guys... don't speak only about the actual price of Digibyte. Time for success will come, don't panic... but you have to wait more than only few days. |
♥ Digibyte ♥ "THE" Digital currency of the future ♥
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djnocide
Legendary
 Offline
Activity: 1164
Merit: 1000
Einsteinium Foundation Board Member and Treasurer
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December 10, 2014, 12:20:20 PM |
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a lot of people think just because of the reduced block reward that the price will go up
it wont , there will be less DGB per day but also the difficulty will go down ,
I would like a steady price increase over time in the next few months instead of a pump
It is certainly going to be interesting to see. My theory is that mining is dominated by short term thinkers who sell as quickly as they mine (regardless of what is being mined). This theory describes a panorama where immediate ROI is paramount, and which includes hardware investment as well as daily operating costs. Long term investment is not a consideration. X amount is invested, Y pays for daily operating costs, and both must be recovered ASAP. There are fixed numbers to worked with - anything else is speculation - and these mining entities are "fixated" on these fixed numbers. All it takes is a quick look around and some quick math in order to come up with some pretty consistent reward to price ratios that support this argument that mining is dominated by entities who do nothing more that look at, and make decisions based on, these simple fixed numbers and very short term ROI goals. If my theory is correct, DGB should triple in value in very short order. To me, simply cutting the rewards three times will not increase the price 3 times right away in the short term. I know some peeps here looking for some fast profit x2-3, meaning that buy back x2-3 more DGB, but it may not be that straight As it is said by jared, too, this is a long term vision and good for the future of DGB. And one thing you are forgetting here is that even though 3 times rewards will be lowered, new DGB coins will be inflated through the network. Therefore if there are no new buyers, then that will start short term dumps and price drops. But somehow this is good for DGB to settle with the new parameters of the block chain and the network. So in my case and my calculation in order: short term price increase for one day only when fork happened, then some dumps will follow, price will be stabilized for a while at low until the next announcement or piece of work target is achieved. Then we will start going upwards to 20-30sat range again (2-3 months), then whales will start investing which will take Dgb to 100 sat in a bit longer term (6-24 months). Within that 2-3 months, I personally expect a huge increase in bitcoin price, therefore some more dumps may occur in my opinion. Some things i agree and some things i don't. Yes in short term there will be some dumping when the price is going up because of the fork. Around 25 sat. If we do not get any new announcement people will take there quick profit. Digibyte is now working with 12 members. There will be some new announcements soon after the hardfork and that will get the price up to i think 45/60 sat. Why 45/60? I'm counting in the reduction,Digibyte trusted level,new announcement & Miners want to get payd for what they are mining so less will be selling at prices around 20 sat. in the mid/"long"term you are talking about. i think Digibyte will be around 150-250+ sat. It's just really depending of what Digibyte have to offer in 2015. Maybe it sounds ridiculous but i even think that when Digibyte will announce who the investor is and what the plans are. 500 sat is a price i'm thinking about We will see You have to look at the marketcap then. 150 sat per DGB means a 1,5 M $ market cap. 500 Sat means 5 M $ marketcap. To reach that DGB must have a real real world use like a huge payment processor or something like that. with so much coins it is really hard to get a high marketcap. My little contribution about this : some points are not taken into account. 1 - A coin market cap isn't limited only by its number of total coins or by the number of produced coins a day. It depends more on everything which is around the coins : payment processor, mobile apps, merchants adoption etc... 2 - Some of you forget one important thing too : we are not so far from a scenario like the stock market crash of 1929. For some specialists, a crisis like this can happen in our life, even if we don't really know when it will happen. But it will happen... in the next year, in 5, 10, 20, 50 years... nobody knows. I'm not saying this to create some useless fear, but we can't be sure that flat currencies will rules the world for ages. And if this scenario will happen, some Digital currencies will probaby be adopted more widely... and DGB can be one of them. 3 - A possible scenario of crisis in the Digital currencies market can happened too (in fact, it's already the case, 2013 was the boom of digital currencies, 2014 was the decline of digital currencies). But if this continue, the majority of the actual digital currencies will disappear... and only some of them will survive. DGB can be one of this coin. Finally, I want to say one more time : Guys... don't speak only about the actual price of Digibyte. Time for success will come, don't panic... but you have to wait more than only few days. #3 is very close, a lot of digital currencies are in a downtrend. I wouldn't be surprise to see a lot die in the coming months. |
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ycagel
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December 10, 2014, 01:38:54 PM |
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388 blocks left!
YC
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voephilis
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December 10, 2014, 01:50:43 PM |
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388 blocks left!
YC
three hours |
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deemington
Newbie
Offline
Activity: 54
Merit: 0
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December 10, 2014, 02:10:33 PM |
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I would like to see a statistics page for digibyte. It is too much of a hassle trying to view the net hash and difficulty for each algorithm.
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The_Cashier
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December 10, 2014, 02:12:19 PM |
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388 blocks left!
YC
three hours tic tac tic tac  |
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Gunther
Legendary
Offline
Activity: 840
Merit: 1000
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December 10, 2014, 02:13:29 PM |
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This will dump hard, because miner pressure isn't that big atm. People are just dumping massive loads and expecting a pump, not gonna happen.
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voephilis
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December 10, 2014, 02:25:54 PM |
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This will dump hard, because miner pressure isn't that big atm. People are just dumping massive loads and expecting a pump, not gonna happen.
why should they dump a lot if they expect a pump. doesn´t make any sense... your quote from 8th, december: "Block reward will go /3, so it's more likely that the price will go up than down. But it's crypto, everything can happen." you don`t know what you want, bro.  In my opinion we will see a small pump. price went down to 15 sat today and that`s something which implys a pump in my eyes. |
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pringles1901
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December 10, 2014, 02:33:26 PM |
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What about if we all started a small pump to get some more interest in it, i have a few sats to spare so if we all purchased a bit more it may or will cause others to buy in...better than watching it go down more & encouraging others to dump to Anyone in too?  |
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24hralttrade
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December 10, 2014, 02:35:22 PM |
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What about if we all started a small pump to get some more interest in it, i have a few sats to spare so if we all purchased a bit more it may or will cause others to buy in...better than watching it go down more & encouraging others to dump to Anyone in too? No, Healthy market is the best market. don't start a community based pump. |
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djnocide
Legendary
Offline
Activity: 1164
Merit: 1000
Einsteinium Foundation Board Member and Treasurer
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December 10, 2014, 02:40:27 PM |
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What about if we all started a small pump to get some more interest in it, i have a few sats to spare so if we all purchased a bit more it may or will cause others to buy in...better than watching it go down more & encouraging others to dump to Anyone in too? No, Healthy market is the best market. don't start a community based pump. Pump create more damages than anything else, a price increase because more people are interested in the coin is a lot better than artificially rising the price to get more attention. |
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Meeren
Newbie
Offline
Activity: 28
Merit: 0
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December 10, 2014, 02:48:48 PM |
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What about if we all started a small pump to get some more interest in it, i have a few sats to spare so if we all purchased a bit more it may or will cause others to buy in...better than watching it go down more & encouraging others to dump to Anyone in too? No, Healthy market is the best market. don't start a community based pump. Pump create more damages than anything else, a price increase because more people are interested in the coin is a lot better than artificially rising the price to get more attention. Indeed please don't pump.... |
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halinyo
Legendary
Offline
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
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December 10, 2014, 03:03:14 PM |
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What about if we all started a small pump to get some more interest in it, i have a few sats to spare so if we all purchased a bit more it may or will cause others to buy in...better than watching it go down more & encouraging others to dump to Anyone in too? If you offer such things, then you dont believe in DGB and you are planning to dump in the first high price. Please do not discuss pump here, and do join with some constructive comments. |
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pringles1901
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December 10, 2014, 03:04:17 PM |
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OK 3-1 against a pump so i guess i will not then Best to listen to the majority  |
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pringles1901
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December 10, 2014, 03:05:40 PM |
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What about if we all started a small pump to get some more interest in it, i have a few sats to spare so if we all purchased a bit more it may or will cause others to buy in...better than watching it go down more & encouraging others to dump to Anyone in too? If you offer such things, then you dont believe in DGB and you are planning to dump in the first high price. Please do not discuss pump here, and do join with some constructive comments. LOl dump is certainly one thing i will not be doing with DGB that i can assure you mate  |
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frottirzokni
Member
Offline
Activity: 91
Merit: 10
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December 10, 2014, 03:14:20 PM |
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From my point of view nothing will change, I'll keep on mining |
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