Last call to re-evaluate your DGD thesis
As some might recall, one of the biggest and most profitable crypto trades that I made was with DGD that I started buying in mid 2017 which I sold in Apr and I finally exited my position in Sep 2018 . I explained my thesis when I sold off my position in Sep 18. Since then, the price of DGD has cratered 43% in ETH and 55% in USD. Won't toot my own horn because everything is in a bear market, but yes, I believe that DGD's issues are not systematic and there are unique problems that it alone has. I doubt that it will ever recover, and if it does, it will be quickly sold down. So on top of all the things I've mentioned before, now there is actually going to be a strong competitor against the gold-back cryptocurrency DGX that is produced by DGD. DGX charges a fee for transferring. DGX charges an annual demurrage fee. DGX has fat premiums over spot. DGX trade volume has limits based on availability of supply and order book liquidity. It's competitor? Has none of that. And i...