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canabero
Legend
Bronze Level
my big question is: is it really backed by gold? how can we know that this a true? there is alot of doubt with Tether, so...
my big question is: is it really backed by gold? how can we know that this a true? there is alot of doubt with Tether, so...
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Ilyrium
Rising Star
Bronze Level
wallet for BTC/XRP/XLM
Can anyone suggest a crypto wallet, preferably something that can be installed on a USB? I know there is a USB wallet out there but I'd rather not buy it unless I get more involved.I appreciate it.
Can anyone suggest a crypto wallet, preferably something that can be installed on a USB? I know there is a USB wallet out there but I'd rather not buy it unless I get more involved.I appreciate it.
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kozong
Legend
Bronze Level
while BTC-USD is at 8k now & it looks like its going back to 6k again
the big question is will it go back up to 10/11k again or will it go further down
*are all crypto price movement mirrors BTC-USD? i only have BTC/ETH/LTC-USD charts, so i have no idea about the other cryptos
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canabero
Legend
Bronze Level
while BTC-USD is at 8k now & it looks like its going back to 6k again
the big question is will it go back up to 10/11k again or will it go further down
*are all crypto price movement mirrors BTC-USD? i only have BTC/ETH/LTC-USD charts, so i have no idea about the other cryptos
there are some stocks that have to wait years to change its tendency ( like the example of the pic i posted above). in cryptos normally these processes are shorter but it can takes months
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BigRivers
Rock Star
Silver Level
I've been chilling with the Bulls
I've still been killing it with DGD. 50% since yesterday, I made 100% last week , and 80% in February. I'm expecting it to pass ETH by April 1st. My friend just gave me a ton to invest.
I've still been killing it with DGD. 50% since yesterday, I made 100% last week , and 80% in February. I'm expecting it to pass ETH by April 1st. My friend just gave me a ton to invest.
ZenGreen
Visionary
Silver Level
THIS IS A RAW NERVE. Here I am in 2014-2106 just using bitcoin to get money on and off the site and back to the bank as quick as possible and never really thought of it as it became. Wondering why I was so concerned with poker and not watching this as getting in 2013 and hodling thry dec 2017 is going to be a once in a lifetime opportunity and no one is going to see that kind of coin that quick again. 20K investment would of made you close to a billionaire. STUNNING but its a raw nerve because I was taking a poker break and missed it all. In reality, you needed a lot to invest in Jan 2017 to make big time money but those folks that get in at $100 and under. OMG!!!!!
King Cadmus
Enthusiast
Silver Level
I withdrew my money into BTC when BTC was at 7400, now tho BTC is at 8400. My transaction at the site (ACR) still has not processed.
Which value will they use when they finally credit my account? The immediate current BTC price, or the price it was at when I withdrew? Cuz that's a lot of money difference.
Which value will they use when they finally credit my account? The immediate current BTC price, or the price it was at when I withdrew? Cuz that's a lot of money difference.
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ekgbeat
Legend
Bronze Level
I would post your question in the link below. The ACR Rep is always good about answering questions.
https://www.cardschat.com/forum/poker-rooms-10/official-acr-thread-217550/
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BigRivers
Rock Star
Silver Level
Sorry didnt notice.
Digix uses the oldest and largest auditor to inspect every piece of their gold. While tether keeps their doors shut.
In the last 6 months golds price hasn't gained or lost 10% against the usd. In my opinion the gold/usd price is determined more by USD fluctuations than by gold. If you check silver its almost an identical chart.
DGX is supposed to be released by the end of the month, but there is still no date. If they don't deliver DGD's price will drop, if they do DGD will instantly pass ether in value.
Digix uses the oldest and largest auditor to inspect every piece of their gold. While tether keeps their doors shut.
In the last 6 months golds price hasn't gained or lost 10% against the usd. In my opinion the gold/usd price is determined more by USD fluctuations than by gold. If you check silver its almost an identical chart.
DGX is supposed to be released by the end of the month, but there is still no date. If they don't deliver DGD's price will drop, if they do DGD will instantly pass ether in value.
Polytarp
Legend
Bronze Level
Relative to the old school form of transferring funds and having it eaten away bit by bit by those that handle these funds, does the same erosion of principal occur when transferring Cryptocurrencies from one locale to another?
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ekgbeat
Legend
Bronze Level
After your suggestion, I on DGD I decided to do some research.
Pro
Digital Gold doesn't have any of the issues that physical gold does - You don't have to worry about storage cost of the heavy material, moving, or safeguarding.
Con
Someone has to store the gold, and that cost serious bucks to storage and maintain. That cost will have to be past on to someone.
If everyone in the world wants DGX, then is it scalable for the company to buy and store that much physical gold.
Owning DGD doesn't get you DGX. You get "rewards", but never the real deal. This is like NEO and GAS. They sort of work together, but one has way more value then the other.
They store the gold in a custodian vault in Singapore. Those vaults are usual low quantity high cost facilities. Maybe they will move when they scale.
Price Point
Gold is an international assets so I thing it is a bad assumption to tie the price of gold to USD. China is buying tons of gold and that doesn't move USD. Look at gold like a stand alone assets like BTC. With that said the Tether comment has merit. Yes, DGX will be a better assets to hold over tether IF what the company is doing is true. They are simiar since a Crypto (DGX or Tether) is tying themselves to another asset that exist (Gold USD). The problem is that the cypto can never fully surpass the asset that it is tied to. DGX could trade for a premium higher than gold, but not a huge one. I would say 20% higher than the spot price would be extremely sporty. DGX would have to show why it would deserve a high premium to gold. I would say digital gold is worth more to the holder since they don't have to guard or store it, but is only worth XX% higher than they price of gold.
Final Thoughts
I like DGD as a spec play. If DGX is what it says it is, then you will get a nice spike in DGD. If DGX doesn't work, then I agree the DGD will fall and not recover unless great things happen in the future for DGX. I would sell after spike since I don't see long term value in DGD unless DGX is a bigger hit than BTC.
As for DGX, if it trades at a discount to the spot gold price and the company can better prove that they have Xgrams of gold to back X number of DGX tokens, then I would sell everything to own DGX (I think the probability of this is low, but it would be worth it if the conditions are met.)
I will keep following along, and can't wait to see the state of DGX.
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canabero
Legend
Bronze Level
definetely you're right in one point: i analized charts of GOLD and UDS and i looked that GOLD normally moves in opposite way in relation to USD.
dj11
Legend
Silver Level
This is one of the shining lights of the crypto's. They are (theoretically) supposed to offer greatly reduced 'fees'. And for the most part they do. There is no guy, sitting somewhere doing the deed (moving assets) and racking up time forcing high fees.
BelgoSuisse
Legend
Silver Level
Cryptos only lower the fees for illegal activities. For legal ones, traditional payment methods are actually cheaper and fully automated.
dj11
Legend
Silver Level
Not for us in the US.
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canabero
Legend
Bronze Level
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BigRivers
Rock Star
Silver Level
Unless your walmart, visa charges merchants ~3% for transactions. TT cost between 15 and $50.
While any Ether based coin can send large balances in seconds with fees ~1% or less.
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BigRivers
Rock Star
Silver Level
The price is right
I just learned about how much influence traders can have on the price with binance. When the volume is relatively low for a coin, often the market price will go to the closest order price. An overkill example, is that 1300 units of DGD have been set to sell at .7 ETH. DGD has peaked at or near .7 six times now without passing. So sometimes you literally decide how much money you make.
DGX will first be sold April 8th, So the next two months are going to be fun.
I just learned about how much influence traders can have on the price with binance. When the volume is relatively low for a coin, often the market price will go to the closest order price. An overkill example, is that 1300 units of DGD have been set to sell at .7 ETH. DGD has peaked at or near .7 six times now without passing. So sometimes you literally decide how much money you make.
DGX will first be sold April 8th, So the next two months are going to be fun.
BelgoSuisse
Legend
Silver Level
Swiss postal bank charges merchants 5 cents for payments below $5, 10 cents below $10, and then roughly 20 cents for any amount above that. That’s way less than 3%.
Note that I do believe that the block chain technology will help bring down transaction costs between banks. But not in the form of a currency that the general public can buy now.