Digibyte - may be a good time to buy some
Digibyte is a coin i try to avoid lately. Why ?
Because it did trick me in June, much hype, citibank contest, the minecraft server ...
Result of my biggest lost and a hard learning mistake.
So why would i recommand digibyte right now ?
Because the coin has been dumped like crazy, many panickers did leave the boat (the ath was around 2200 satoshi and the coin did fall into the abyss) and with the bloody market we got, the fall of this coin was more severe.
So are we at the bottom ? i don't know but the Digibyte twitter just wake up and speculation is beginning.
And there maybe some other good news who's coming in July with the citibank awards.
So it can be a good entry point around 400 satoshi but avoid the same mistake i made.
If the coin goes up, take some profit on the road in case the news turn to be bad.
It can be tricky to invest in Digibyte :
- because recent history can scare investor but it should be safe enough until the news is out.
- because market is still bleeding so maybe, some better entry point are coming
Best of luck, only invest what you can lose and do your own research.
Thanks for the update. I'm a Digibyte Holder Myself ✊ and trully beleive in the team!
best of luck with your bag, the tech is great, in the long term, you should be fine !
Tricky one, I got burnt on it too, so maybe a Digibyte adverse although I did like it. Might go for something a little more solid. Got my eye on Bitshares and Iota
I wanted to by some bitshares yesterday but they were on maintenance. Ive got an eye too in here too ^^
Good points in this post. I was about to start a similair discussion. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) Besides coinmarketcap.com there is: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. For example: https://www.coincheckup.com/coins/DigiByte#analysis For a complete DigiByte Research report.