DGB Trade: Opportunity or Trap?
This was posted on the DGB Telegram yesterday. The price has dropped almost to 1/10th of ATH as BTC has surged. Do you think it's a good time to pull the trigger on DGB as a medium-high risk, high reward investment? Why or why not?
Thank you all for your on going support of DigiByte!
Our current primary focus is setting up a new DigiByte foundation, rebranding with a new logo and making both a new main DGB website with better marketing materials and explainers as well as a detailed foundation plan on a new foundation website.
Setting up a proper foundation for DigiByte will help organize the community and all the talented people that want to contribute to DGB. We know you are out there and we are honored to have you involved with DGB.
We have not forgot about anyone and we apologize for not responding to everyone's feedback and messages right away.
Please keep in mind if we spent all our time directly responding to the thousands of messages we receive across all social media channels we would never get anything productive done.
DigiByte is open source after all and anyone can begin contributing.
Given the current Geo political climate and attitudes toward blockchain it will take us several weeks to get a foundation up and running 100%. And we may have to do it in two phases.
As mentioned many, many times before we do not control the price of DGB and we are not here for short term pump and dumps.
We are here for long term consistent development. Just look at DigiByte's history over the last 4 years.
So please do not ask us price or speculation questions. We will not respond.
A word of advice for those new to cryptpcurrencies and the blockchain world. Whenever Bitcoin is on a massive bull run, all alt coins tend trend down until BTC stabilizes.
Please take time to properly educate your self on DGB and this industry at large. There are many risks involved out side all of our control.
Thanks again for your continued support. This coming week we will release the updated DGB logo and banners across social media. So stay tuned. Exciting things lay ahead for DigiByte!
I've not yet taken the plunge myself, but I'm seriously considering it, based on what looks like decent technology, a team that has developed for 4 years, the prospect of rebranding hype, and the sheer disparity between current price and previous prices. Looking for feedback from other people seeking medium term gains like myself. Thanks!
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