today we're talking about digi buy and why I think digi bite has huge upside
stay tuned what's going on guys Patrick here today we're talking about digi bite
digi bite digi bite did you buy it just sounds like a cryptocurrency right the
name did you bite itself it just sounds like it like a cryptocurrency why I
think did you buy has a huge upside from here and it's not even that I think did
you buy it's gonna go to the moon but I think from the current price where it
could possibly go I think there's still a lot of room to
play here and I'm gonna go over some of the reasons I think that what my game
plan is and why I'm holding a lot I'm talking about a lot of digi byte holding
is strong for the next year or so with the idea that I could possibly make 1
million dollars if digibytes gets close to $10 by the end of 2018 and the idea
that I you know I have this much did you buy it what I basically did was I traded
a bunch of ripple ripple when it's like 380 and then I started exchanging ripple
for digi byte I also bought some dizzy buy back when it was even cheaper so it
worked out beautifully and I didn't really invest that much actual dollar
bill so I didn't really invest that much I mostly used all my ripple profits all
that crazy move from ripple where I got in there below $1 went to 380 took that
profit and invested it in the digi buy but I want to talk about why I'm bullish
and kind of talk about why I think did you bite has a lot more upside compared
to other coins on the market alright so right now we're looking at the digi buy
it website let's go look at the chart really quick actually just to give you
an idea of where we're at right now price-wise where this thing could
possibly be heading so when I first got into digibind ear down to 5 cent area 5
cent six cent area I bought a little bit about like 30,000 coins was about five
six cents and I was like hey I'm gonna buy a couple I'll let it hold a hold of
a couple months if it goes up it goes up if it doesn't go anywhere whatever I
didn't lose that much money and then we started getting some moves I was like we
got the seven cents okay this is looking pretty good a little bit of pullback but
in the last couple days the last couple weeks days and whatever you want to call
it this thing has been going up and not sure the exact reason why it's going
up right now like it's going but it's going up obviously we had a lot of
altcoins going crazy the last couple of weeks the last couple of days I had TRX
Tron going crazy you got ripple going crazy all these all coins going crazy
digi bite is obviously due for some type of action and you can see from the eight
cent area now we're up there to 13 cents I think the all-time high right now is
sitting there right around 13 cents maybe that 1260 area but it's looking
pretty good I like this view right now I like this chart got some nice pull backs
got some nice support Jurgis this nine cent area nice support area but overall
we're trending higher this is the five-minute chart so you can see if we
go it's like an hourly chart you see this trend a little bit better here and
it's not a bad looking trend not a bad looking trend at all and you know from
this from the six cent area this thing moving up there it's a 13 cents now so
it's over a hundred percent since I first got in I can't complain about that
I'm happy that I'm up a hundred percent but I don't want to be up behind I want
to be up ten thousand twenty thousand percent by the end of 2018 and I think
that's very realistic for a couple of different reasons and I'll talk about
that right here first off the big thing that I really like about digi bite first
off compared to Ripple compared to all these other coins is it's very very
decentralized for the sheer fact that this thing uses five different
algorithms I'll show you down here it uses five different algorithms for
mining so that stops people from having one big miner controlling all of the
Digi by mining with one algorithm so you have five different algorithms that's
gonna make it that much more difficult for one large person one person with a
lot of power mining to control the market it's also gonna make it a very
decentralized system so comparing digibytes Bitcoin obviously it's gonna
be you know it's it's hard to compare directly but just to give you guys an
idea Bitcoin you have four transactions per second that's TPS for short
transactions for a second you can do up to 280 transactions per second with digi
buy that's 2,000 by the end of 2020 so you
huge scalability the scalability is already built into the chain it's
already built into the code so it's not like they need to do a hard forking like
that to update that it's going to be able to be scaled very easily and as
it's already going to be scaled as it grows you got ten minute block times so
it's that's one of the reasons that the fees are always so high a Bitcoin that's
why it takes long to send stuff I've sent did you buy it back and forth come
whatever wallets and this it's insane how fast did you buy this
it's scopes I mean it's like instant it's literally instant there's no wait
it's boom and still you sense it it's there it's automatically just there it's
that fast you have 15 second block time so every
15 seconds there's a block being made block being filled in boom transactions
being confirmed you have one algorithm for the Bitcoin network the Bitcoin
blockchain you have five algorithms for the mining algorithm for digi byte and
looking at the nodes here that's 7400 with Bitcoin you get 43,000 currently
with digi byte and then getting into the difficulty adjustment all that the big
thing here that's very important what did you buy compared to a lot of other
coins that have total number or unlimited total cap Bitcoin has 21
million coins so right there that makes it scarce it makes it a rare commodity
when you think about was only 21 million Bitcoin in the world now digi by it has
21 billion that sounds like a lot you
know oh there's 21 billion did you buy that's
too many really it's not that many now I'm not saying digibytes gonna go to ten
thousand twenty thirty thousand dollars but I think you know ten dollars at
twenty one billions not that unrealistic you know even five dollars and that
gives digi by actual real world use that there are plenty of coins that it is
scalable that it is fast back and forth sending back and forth all that it's
it's fast so like I said that's gonna really make it usable for people I can
actually send my friend back and forth money quickly unlike Bitcoin right to
pay the fees I have to pay all these issues if you look at kind of comparing
digi by verse visa right now you know 280 transactions per second 2020 we're
gonna have two thousand transactions per second that'll be the same as
visa basically that's the same as visa basically confirms and transaction
everyday and then compare that you know into the future how scalable digibind is
on the blockchain in the actual technology there so there's a lot of
stuff coming for digi bite this is not like ripple where one company owns this
coin it's not like a lot of other coins that are manipulated digi bite wasn't
pre mine did you buy it wasn't just created and then they're holding a bunch
of ripple in a escrow account basically promising the market that they're not
going to flood the market with ripple by the same time they could where did you
buy it you know every coin has to be mined big they started mining did you
buy it for the first time in 2014 so did you buy it is four years old now it's
just it's good to see that there's a track record what did you buy it's not
just Moran knew some guy didn't create it last week and it has potential here
another thing to be looking at here is just kind of the overall how large does
you buy it covers the world how many nodes are like I said forty times faster
then bitcoin five times more secure and more scalable than Bitcoin it's already
used in over 82 countries worldwide how people talked about how did you buy they
saw it was used at their local airport for parking which is really cool I
didn't even know that until I saw that online you can see kind of weird did you
buy it fits in the ecosystem you know you have all this different stuff going
on here digi buy it really belongs right there
below litecoin right below Bitcoin I think did you bite has huge potential to
really kind of be that dollar to dollar area where did you buy it can be sent
around the world quickly fast and it's not gonna be this thing people hoard
like Bitcoin same time did you buy still good you know good to attend to all our
area have no problems there are so right now in 2017 there are billion coins out
there so as we go along in the future they're gonna be able to mine more I
think toll 2035 so we've still got a plenty of time here until we get to that
21 billion mark and you can see and you can see the first time they launched
this back in 2014 when it was first mine the first Genesis block was mine back in
2014 it's good to see that there is a track record that there is some kind of
proof of concept dear did you buy is being used it's
gonna be use more and more as we go on here in the future there's a lot of
Technology built into the actual system built into the code you have all these
options to be able to put stuff into a did you buy in the same sense as you
have smart contracts with aetherium network you can do smart contracts with
digi by network which is really cool I think the smart contract technology is
really going to be a huge thing for blockchain and for cryptocurrency world
for you know virtual currencies really having the technology to be able to
create contracts for different types of uses like buying a house or whatever you
want to do there's all these different ways of setting up these contracts and
basically getting rid of banks getting rid of escrow accounts so I think digi
bite really I'm looking forward to the future here the one and one of the
reasons I see the upside with digit by is of the capped out supply there needs
to be a cap you got to stop people for just creating more and more if you're
just investing in a coin that they can create more whenever they want they can
flood the market they can do whatever they want manipulate the price like
ripple and other coins that are out there right now did you buy it's not
allowed it has to be mined it's just like Bitcoin in that sense it's a proven
technology it's scaleable there's all these things that are going for a digi
buy right now and I think overall compared to a lot of the other coins out
there that are being pumped up right now that are you know at 3 or 4 dollars that
have trillions or billions that are just being made up and sent out into the
world I think digi byte shines when it comes
to the capped out supply the one issue with did you buy obviously is it's not
that easy to buy in a sense that a lot of the different exchanges don't have it
yet if coinbase were to add digi byte not that I'm not that I'm saying coin
banks would or they are going to but if they did in the future that would make
it a lot easier people to buy do you buy I know going into the future it's gonna
be easier you know as this is integrated in more exchanges and more web sites so
big news right now is that they're adding an iOS wallet that'll be on the
App Store for people with iPhones to download and then be able to have a
wallet on their phone similar to other coins but I think this is gonna be big
news for people who do have Apple phones I think a lot of people have iPhones and
a lot people are gonna be looking for that
so the digi byte foundation is a nonprofit organization that's working
to educate consumers they're working with outreach to work with different
governments organizations and increase the global adoption of the digibytes
blockchain to the world so they're working on a lot of things so you can
see some of the digibind core initiatives for 2018 right here so they
already have the OS X wallet going live soon they're working with treasurer
which is gonna be great for the hardware wallet working with different exchanges
you can see coin bases on their Gemini's on their if coin base and Jim and I
added did you buy it would be huge I mean easily I guess see this thing going
to three or four or five dollars in no time as soon as it was added to coin
based people would love to buy a very very cheap coin if I was a first-time
crypto investor and I saw there was a $1 or sub dollar cooling on coinbase I'd be
buying it up by crazy compared to buying one light coin or a coin or just a
percentage of a Bitcoin so I think there's huge potential here for
digibytes to be added to those big exchanges and then look for some big
news to come from the digibytes foundation in 2018 so that's not me
looking out for but I think long term did you by having that capped out supply
did you by having a good foundation behind it did you about having a good
marketing media team behind it working on all of this stuff is only going to
help ensure that did you buy gross and see what happens here going into the
next couple of years I guess said by the end of 2018 I'm looking for digital buy
to be over $1 if that happens I'll be happy if it gets over 2 or 3 dollars
I'll be really happy if it gets too close to $10 by the end of 2018 which
I've seen some people talking about on the charts how it's possible I'm not
gonna tell you that I think did you buy it is gonna get the $10 by the end with
2018 nobody thought that light coin would go from $3 to $400 in 2017 and it
did so there's a chance here I feel like I got a pretty good entry if you want to
learn more about digit buy check out the website do your own research learn more
about it watch other videos see what other people were talking about did you
buy but this is what I'm thinking for 2018 this is my big I don't know if I
call it a gamble but this is kind of what I'm betting on I'm betting on
digibytes in 2018 going in 2019 long long term
here I'm holding this baby I'm nothing I've got no reason to sell we
got no reason really to take profit at any point until I'm basically a
millionaire from digivice so we'll see what happens
cross my fingers pray for me guys if this thing hits ten dollars I'm gonna be
I'm gonna be a really really happy happy boy and I'll talk to you guys later on