I'll be honest. The previous post doesn't deserve a response. The author of said post did his research and presented the facts as he sees them. Some of his claims are outright lies. But hey, in a market like this, nobody cares about facts! It's all about the hype, and what you can get someone to believe.
- Twitter Audit Report - Where's your source? Here's mine! https://www.twitteraudit.com/digibytecoin Looks like it got a 94% (32,535 Real, 1,748 Fake). I'd love to know what a$$ you pulled your numbers out of.
- Wallet #1 - Damn! 1.9B Digibytes in a single wallet. That's a lot of digital money. I love how you did your research! But why stop there? The beauty of the Blockchain is that you can see everything. Look at the history of that wallet. The first deposit was on 11/1/2015 (long after Digibyte was created). This doesn't belong to a founder. Now ask yourself... "what happened in November 2015 that might cause someone to start accumulating DGB?" The answer is simple, DIGIBYTE GAMING was launched in November 2015. Somebody either seriously believes in it, or spends a lot of time playing CSGO, WOW, or LOL.
Another interesting tidbit, that wallet stopped accumulating DGB in May 2016. Why? Then all of a sudden they start buying again in June when the price is skyrocketing. Personally, I don’t see anything odd here. Just a devoted fan who believes that gaming is the future of DGB.
What about wallet #2? – First purchase made on April 9, 2017. Price of DGB was $0.000603. He spend a whopping $3,600 to accumulate 6M DGB. The price of DGB didn’t start rising until ~May 16th. At this point, he had already accumulated 253 Million DGB. Had he bought all of those on 5/15, he would have paid ~$500K. But he didn’t. What we have here is a guy who made a bet that DGB is in it for the long term.
And so on and so on. Don’t half ass your research, and don’t trust people who half ass their research. Do you own Research! - Digibyte has never claimed that they are working with Microsoft. They also never claimed that they work with Blizzard Entertainment, Riot Games, or Valve. What they have done is help facilitate the growth and distribution of their network and their currency by using some of the most popular games in the world. The Minecraft server will do the exact same thing. It may be hard to believe (it still boggles my mind), but Minecraft holds the #2 spot of the best selling video games of all time, 2nd only to Tetris, with 122M copies sold. You do the math at $25 a pop. This is a HUGE market, and a great way to spread awareness.
- Citibank – Anybody who has ever started their own company will tell you, that the hardest thing about raising money is getting the meeting in the first place. If you want to sell the product you created to a Multi-Billion dollar global enterprise, the only way you are going to get the chance is at an event like the Citibank Challenge. What matters here is not the outcome, what matters is that DGB will have the limelight for a short period of time in front of companies that have a lot of money (just look at their balance sheets, their available at SEC.gov) and not a lot of good projects to spend it on.
What does this event do for DGB? I don’t know, and only time will tell. But anybody who believes that you invest in a company based on what it’s worth today is sorely mistaken and is going to miss out. Even normal markets are priced out for the next 2-5 years based on analyst’s expectations.
Does DGB deserve a $500M valuation? That’s up to you to decide, not some troll on reddit who spreads false accusation and lies.
As promised in the title! This is the real information. Is there more, absolutely, but I’m not going to do your research for you. Good Luck to all, and happy trading!
xpost from reddit.com/r/digibyte
Credit goes to /u/flapjack29
I made a video about this stuff. Check it out.
https://steemit.com/cryptocurrency/@cryptowatchers/my-response-to-dgb-community
Interesting article. Thanks for bringing this to our attention. The high risk the cryoto space brings with it one thing nobody seemingly cares about. This is quite an interesting website I found: https://www.coincheckup.com The best crypto analysis site by far. Complete in depth investment analysis.
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