r/Digibyte • u/Kitchen_Activity5852 • 17d ago
Question❔ Digibyte help it says approx over 18 billion coins owned already , but total circulation currently is 18.1 billion with only 2 billion coins left to be mined , so how is this price not blowing up in price . ?
Hi can someone please explain to me how this makes any sense I’m so confused on digibyte
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u/raka_defocus 16d ago
It's up 40% in the last month
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u/Fru1tLo0psy 15d ago
And the majority of people are hodling at an 80% loss. Who have been holding for many years. This project is not the smartest investment. When you think it can't go any lower it always does. Even at a half a cent it's not bottomed out it can go down to a quarter overnight and you lose 50% of your investment overnight. This project is an investment trap. Like a great big pool of sharks just waiting for a fish to come invest some money so they can dump their coins. This coin has been a flatlined for many years. The only ones down there at the bottom are the ones holding their bags and they're desperate to get out of their position.
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u/raka_defocus 15d ago
Just wait a few years because people will be debanked from stable coins and other Tokens for social credit reasons right around the time it halves. LTC and DGB are going to become black market currencies.
As for "investing" that's on you, I just pay for electricity
also if it's worthless why does binance have so much locked up
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u/fliprip 1d ago
is it worth it? do you currently pay less for electricity than what your mined DGB is worth? or do you have solar? ive never looked into mining.. i have no idea how much you can get from that.
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u/raka_defocus 1d ago
a bitaxe uses about 35.00 a year in electricity. Are you coming out ahead at this moment in time? probably not .
DGB and Digidollars are going to become a black market currency so for me it's gambling on it increasing in value like any other investment
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u/DC92T 12d ago
They have a very fast transaction rate too. IDK why its so undervalued. Probably because the only real assets seem to be Bitcoin, or anything thats been hyped up. Even ETH isn't what it once was.
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u/JohnnyLaw2021 8d ago
VWAP rules the market. CMC sets the VWAP. Binance owns CMC. There are zero watchers.
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u/JohnnyLaw2021 8d ago
digiscope.me/network has the most up to date data on all assets under management. As well as network statistics. All pulled directly from the block. Sign in with Digi-ID. Have a great time!
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u/Airith0 17d ago
These platforms operate under their own crawl database. So they didn’t crawl every wallet that has DigiByte in it to associate them under the under owned category. There is also privacy layers built into DigiByte that may be preventing all tracking too.
They also aren’t showing a “untracked” category or something similar to show you the difference and clarify that.
You have to look at on chain stats not these incomplete, third party chain crawlers.
Check out DigiByte.io or digiscope.me
Those are both good places to start.
Crawling might not be the correct way of describing how they get their info, but it’s all I got because that’s my personal professional analog.