Our Take - "Why I just went 20% into DigixDAO"
In our post, what cryptocurrencies pay a dividend we point out that DigixDAO pays a dividend through its earnings on its gold-backed tokens. A poster on reddit states that this poster increased his holdings to "50% and then 60%." We do highlight some concerns on our page as well as warn people that they should only trade a crypto with money that they're willing to lose.
This reddit poster makes an interesting point related to transactability:
If the economy slips, a Gold-backed token such as DGX could be an extremely popular stablecoin, and I can envision daily volume going far beyond what we see on stock markets ... [plus transacting comes] at a 0.1% transaction fee far lower than what is seen with credit cards.
DGX will be a much better reserve currency than anything that currently exists both in the cryptosphere and mainstream finance- if the Digix team meets their vision; that's the reality about gold and this poster could be right on. In addition, DGX works with bitcoin well, just like physical gold does, as one can audit their gold at any time, and Digix might add vaults later, if it becomes popular. For an example, if the demand is enormous they could do what BitGold did and have several vaults across the world, lowering the risk of confiscation. Finally, since exiting the gold standard, gold has returned over 3600%.
Since we started writing about DigixDAO, it has risen over 71%. As always our best content is on FinTekNeeks.
Easy upvote. Did a few articles on Silver the last few days. The 6 year Bull Market triggered on December 18, 2015 is still very much alive and kicking. I posted a couple of charts explaining why. Cheers. Stephen
Good points in this blog. Really appreciate you bring this to our attention. The current total market cap of all cryptos might seem high but blockchain is here to stay and will involve all our lives. I do see a bright future for everyone that's hold's their coins with a long term vision. I was wondering if anyone of you uses: https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. Check: https://www.coincheckup.com/coins/DigixDAO#analysis To see the: DigixDAO Research report.