Digibyte (DGB): What do you think?

[crypto16]

Digibyte claims to be one of the fastest cryptocurrency and much better than bitcoin.

 

What are your thoughts? Do you think this is a high risk - high reward investment or yet another scam coin which will disappear in due time.

[Guest]

Look at the price chart. Study where it was in May 2017 and how it performed during the summer.

Then look at how it performed during the last run up we had recently. If it reached about 6 cents a few months ago during last year's run-up and if it never recovered past it this time around, even after the crash, then I would stay away.

I've studied this one and siacoin. They've disappointed and the price action hasn't been good. Had you invested during the summer at 6 cents, around June 9th, you would still be bag holding (if you didn't sell when if briefly touched about 11 cents before falling in price again). Even after its new ATH, it never maintained that original run-up in price. If you go that far back to the summer of 2017, and still can't beat your previous ATH, I would stay away. It's not keeping up with a strong overall uptrend.

Then again, I've only invested in XRP and Ethereum at the moment, but I am constantly looking for the next XRP.

Edited February 11, 2018 by Guest