Hey everyone!
Hope you all aren't shocked by the huge dip in the cryptocurrencies. As I mentioned in one of my previous posts, that it is very healthy for the market to do this. I have a feeling once Bitcoin fixes its issues we will see record highs once again. Right Now all I can say is buy, not necessarily today, but some time in the next few weeks.
Today, I also want to mention one of the coins I invested in several months ago. I see this coin going a long way in the coming years. It is Digibyte. I got into Digibyte when it was only $0.001. It did really well, but like everything else, its corrected lately. If you believe in DGB like I do, you see great upside potential. It's had nearly a 80% pull back from its all time high. Ive read many folks ranting about how its a scam coin, and the developers are pumping it up. Well heres what Jared the founder had to say the other day.
Unfortunately, we have zero ability to control the price, nor the millions of dollars required to pull off such a feat. DigiByte is open source and decentralized. We as developers have a very small amount of total DGB. All of which we acquired through mining or purchased on the market over the years.
This drop has hurt us as well. All we can do is to continue to do what we have been doing the past three years and continue working. It takes time to bring new resources and people on board and to train them and get new things completed. Which is exactly what we have been doing the past few weeks. We are not going to release news without anything to back it up, simply for the sake of "pumping."
We will not answer any price or speculation questions so please do not PM us asking about it. Also, anyone accusing us of being "scammers" will be promptly ignored & blocked. If you don't have the ability to do your own research you should not be in crypto.
As stated many, many times we are not in this for a pump and dump. Unfortunately, there are groups out there who move from coin to coin pumping and dumping. The entire crypto industry and every major coin is in the red over the past couple weeks. Much of this is now due to the uncertainty of a coming Bitcoin fork.
On August 1st, and through August if Bitcoin splits this could be a very turbulent time for all blockchains. This also highlights why DigiByte is in a much more stable long-term position than Bitcoin.
DigiByte is currently the fastest, most secure, most decentralized UTXO blockchain in the world today. This is due to the past three years of consistent committed development.
If you notice trading patterns for DigiByte differ significantly from other cryptos, a lot of this has to do with how widely distributed DGB is. Because there are no "central" bag holders like there are in many other cryptocurrencies our market cap is not artificially inflated. This also means we are susceptible to wild swings as mass trading psychology takes over. Often times you will see DigiBytes daily trading volume higher than its market cap.
We have several exciting things coming up in the next couple months, including a fresh new look for DigiByte! So stay tuned and thank you all for your continued support!
Thanks for reading! Please like and follow! Until next time!!