What Is DigiByte
DGB Price Live Data The live DigiByte price today is $0.045234 USD with a 24-hour trading volume of $19,107,899 USD. We update our DGB to USD price in real-time. DigiByte is down 1.48% in the last 24 hours. The current CoinMarketCap ranking is #111, with a live market cap of $665,165,746 USD. It has a circulating supply of 14,705,113,006 DGB coins and a max. supply of 21,000,000,000 DGB coins. What Is DigiByte (DGB) DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC). A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed. DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions. DigiByte’s operations depend not only on developers, but also the DigiByte Foundation, a volunteer organization tasked with overseeing preservation of the project. A third group of volunteers, the DigiByte Awareness Team, is responsible for marketing and promotional activities. What Makes DigiByte Unique? DigiByte is a modification of Bitcoin which aims to diversify security, speed and capacity possibilities. Its first incarnation was as an open source blockchain and associated cryptocurrency, DGB. The network has five separate algorithms which help to maintain security and help prevent ASIC miners from commandeering too much power. Later, another offering, DigiAssets, appeared, with DGB as its native token. DigiAssets appeals to those developers looking to launch digital assets, decentralized applications (DApps) and encode the necessary corresponding smart contracts. All governance structures for DigiByte are run on a voluntary basis, in line with the thesis that the network should be open source and publicly accessible. Transaction fees in DGB are paid to miners for validating the blockchain.posted 2021-09-27
#dgb, #digibyte, #btc, #crypto, #bitcoin
Digibyte - DGB - The Long Long Play
Do yourself a favor, and look into Digibyte. They have an unrivaled community, and will not go away any time soon, if ever. One of the oldest surviving projects, this asset is criminally undervalued. I am not advocating an all in, sell the house large position, but you should have some, hell even USD $100 worth of DGB just for the fun of it. If Doge can be pumped to 70 cents and aim for a buck, with nothing more that having a fervent community behind in, Digibyte can also, dare i say it, go to a dollar? more? Time will tell, but with DGB you have time on your side. Don't sleep on this asset. You will thank me in the future.posted 2021-09-03
#digibyte, #dgb, #btc, #bitcoin, #crypto
CARDANO ADA FOMO - DON'T DO IT!
Cardano is pumping, what to do
First, do not FOMO buy. Do not go all in, and all that crazy jazz. Yes there is still room for it to move, and by all means keep DCA into Cardano. But if you feel uncertain about buying into a coin that has pumped as much as ADA has over the last few weeks, maybe now is the time to look at the Cardano Ecosystem, and see if there are any value plays there. Many of there projects are undervalued and will also pump once ADA has finished price discovery.
Coti, Charli3, Cardstarter and the list goes on. Time to take a look at the supporting projects in the payment, oracle, defi, nft, dex spaces and more. These will all go into their own price discovery, and soon, so do not miss this opportunity to dive in and see what you can find. Coti, Charli3, Cardstarter, and SundaeSwap all look interesting and deserve a deeper dive.
So, now is the time to get in early, as they say.
#ada, #cardano, #crypto, #fomo
BTC - THE HEAVYWEIGHT CHAMPION OF THE WORLD
I hold BTC, I also hold ETH, along with DGB, VET, SOL, ADA and the list goes on. But one of these things is not like the others.
In simplest terms, I hold BTC and I invest in all the others. BTC is where i eventually put any profits I take from the others, and not the other way around. Once I have BTC, it goes to a cold wallet and is not touched, and will not be touched for many many years, if ever. I may pass it all down to my children without ever selling a single sat.
I see the great value in other projects and I am invested into over a dozen projects I believe are good, have a good team behind them, solve an issue, bring new answers to old issues etc. I stake or provide liquidity with all that allow, and I am very long on some of them, but in the end - there can be only one, and that is BTC.
Don't misunderstand. ETH will not go away and it may even flip BTC, but this is not a problem. It is a catch all, a protocol, a platform upon which many many projects run, and after BTC it is my largest and longest play, well that and DGB, but that is another story.
The thing, and I avoided using the word problem, as I do not see it as one, is that along side ETH there is ADA, SOL, DOT etc. So many players is the same space, and all will either make it, grow, shrink or even die, all fighting for many of the same things. BTC stands apart.
Just as there are hundreds and thousands of restaurants in the world with room for them all, there are protocols, just as there is Coke and Pepsi, there is ETH and ADA, or whichever 2 projects you want to compare, it always comes back to... There is just ONE BITCOIN.
Sorry but I do not see a young contender coming up. BTC is the Reigning, Defending, Undisputed Heavy Weight Champion of the World, and there is no challengers. ETH, while it may flip BTC, is in a different weight class and the two will not meet, they will not fight, ETH has way too many contenders in the Light Heavy Weight division to fight off to maintain it's status as Champ, and that division is STACKED! That division is where all the eyeballs are. That division, and some of the others, gets all the hype, all the buzz, because that is where the exciting fights are. BTC has no contender, any that try are KTFO seconds after the opening bell and while we all watch it, it is not nearly as exciting as the full on knock down dog fights of the others.
So keep your eye on the prize. make your plays, take your profits, but for the love of god, DO NOT BET AGAINST BTC.
#btc, #crypto, #bitcoin #CHAMP
Are you a BTC maximalist? NO - Why not?
"Bitcoin fixes this" is a common comment I have seen so many times over the years, and in a general sense, it usually does, but should you exclude all other coins from your portfolio?
I am not a BitCoin maximalist, and do hold other projects, but I do also believe your portfolio should be heavily weighted in BTC, with 50% being the minimum and go only up from there. My current portfolio is 75% BTC, 10% ETH and the rest spread out over the rest of the space.
I try to hold a solid project, coin or token across all the sectors, including Defi, Oracle, Lending, NFT, Smart Contracts, Bridges etc. etc.
While I see many places to make big gains, short, medium and long term, BTC is the One Project that stands head and shoulders above the rest and least likely of all to face any SEC or other regulatory pressure.
Make your plays, make your profit, but be ready to move it all over to BTC and maybe only the top 5 or 10 after that, and even then, keep an eye on the moods of the regulators and governments around the world, because in the end, BTC does fix this ...and that.
#btc, #crypto, #bitcoin
Did you Buy The Dip?
Time in the market beats timing the market, as the old adage goes, and we all know you never cross an adage, especially an old one.
I have spoken before about Dollar Cost Averaging into the market, especially for projects that have or look to have a long life in the space.
I am also a set it and forget it proponent, as I am not looking to get rich quick, but build generational wealth, or be well on my way to it, but fortune favors the bold, another old adage, and when there is obvious opportunities as we have seen over the last few months, you should, if it is financially feasible, to add a little extra and buy the dips. Be responsible, don't over extend and be wary of where the dip is, where the market is and then pull the trigger.
As for now, well, hold on, enjoy the ride, and keep DCA into the projects you have identified as the best.
#btc, #crypto, #bitcoin, #hodl, #buythedips
Dollar Cost Averaging Your Way to Wealth in Crypto!
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals.
If you have a 401(k) or similar retirement plan, you're already using this strategy.
Make no mistake, dollar-cost averaging is a strategy, and it's one that almost certainly will get results that are as good or better than aiming to buy low and sell high. As many experts will tell you, nobody can time the market.
DCA is a good strategy for investors with a lower risk tolerance. The potential for this price drop is called a timing risk. That lump sum can be tossed into the market in a smaller amount with DCA, lowering the risk and effects of any single market move by spreading the investment out over time.
A third of the time, dollar cost averaging outperformed lump sum investing. Because it's impossible to predict future market drops, dollar cost averaging offers solid returns while reducing the risk you end up in the 33.33% of cases where lump sum investing falters.
Dollar Cost Averaging Bitcoin & Crypto
DCA can prove particularly useful when investing in cryptocurrencies, a historically volatile asset class that trades 24/7 on the global markets.
Someone who dollar cost averaged into bitcoin by purchasing $5 weekly in 2020 would have accrued $692 from a $275 total investment, providing a 160% return.
Although this may not have yielded the highest profit, it protects against the possibility of investing at Bitcoin’s highest price point.
Time in the Market beats timing the market!
Never invest more than you can afford to lose.
Always do your own research.
#btc, #crypto, #bitcoin, #dca, #wealth
BITCOIN HALVINGS - SUPPLY AND DEMAND
After every 210,000 blocks mined, or about every four years, the block reward given to miners for processing transactions is cut in half. This cuts in half the rate at which new bitcoin is released into circulation. This is bitcoin's way of using a synthetic form of inflation that halves every four years until all bitcoin is released and is in circulation.
Halvings reduce the rate at which new coins are created and lower the supply. This gives us supply shock and as with any other asset with low supply, like gold, will push prices higher.
Around the year 2140, the last of the 21 million bitcoin will be mined. We still have a bit of time on our side.
Miners will still be incentivized to continue validating and confirming new transactions on the blockchain since the value of transaction fees paid to miners is thought to rise into the future. The reasons being a greater transaction volume that have fees attached, plus a greater market value of bitcoin.
#btc, #crypto, #bitcoin, #halving, #hodl
Do not fear the reaper - or the market manipulators!
This will be just a quick entry.
First, crypto being as volatile as it is right now, we do hope you are only investing amounts you can afford to lose, or at the very least, not any monies you need to live on.
Second, and this is the big one, if you have invested into strong projects, then time is on your side. A they say, "Time in the market beats timing the market". You have not "Lost" anything. 1 BTC = 1 BTC, and until you swap an asset for another, or swap for a stable coin or a fiat, you are still in the game, and it is the long game we are playing.
So take a deep breath and relax, we are early and can wait out the whales. They will eventually either let the market get back to normal and prices will go up and down based on real fundamentals and technicals or they may even push it past the real value and allow us to take some nice gains off the table and build up our dry powder for the next opportunity to come along.
Keep on Keeping on, and all will be fine, or as they say HODL.
#btc, #crypto, #bitcoin, #FUD,
A CAUTIONARY TALE
DYOR - Do your own research. We can not stress this enough.
While we list several sites and people in the crypto space that all present very good content, and we use these as a resource as well, But do not ever buy into a project without digging deeper.
You may watch a video, or read an article, and it presents you with a new project or coin or token, and the information presented seems good, well researched, shows promise and you then are hyped on it, FOMO - fear of missing out - kicks in and with no further research, you are happily buying in. This happens to the best of us. You find a source you like for information. You enjoy how it is presented, and over time you come to trust this source. They have a track record of speaking about projects that have shown gains. They have been right before and many times, so why would this time be any different?
As is said many times before, especially in this space, past performance does not mean the performance will always be so. Prices go up, then fall down. A T/A trader makes many calls, and you remember the correct calls, and ignore the misses. This is just human nature, and in this space, human nature is not your ally.
You hear about a project and are hyped, great! Now take a deep breath and start looking for the flaws, because they are there and once you find them, add them to whatever formula or method you may use to select what you invest into, and then decide. FOMO and Reliance on others to make your investing decisions is at best, silly and normally can disastrously damaging your your portfolio.
DYOR and take a third look. You will feel better with your decisions and will not be bitter towards another person who presented you with a crypto to invest in that ends up not being what it seems, or underperforms. You may still end up in the position, but it will be on your terms and you will feel better about it in the end.
#btc, #crypto, #bitcoin, #fomo, #investing, #altcoins