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 is also about to launch a silver offering.

It's tracks the value of gold with no fees for transferring, no annual fees for storage, miniscule premium over spot (0.15% of spot rate to buy or sell), and finally it has no trade limits and no issue fulfilling any size order that wants to buy or sell.

I don't want to mention the specific token and the project because I don't want to be accused of shilling. If you're that interested and you follow me, you already know what I'm talking about.

I see zero chance of DGX taking off when a better alternative is available. It's not like DGX is so widely used and integrated that it has network value and a critical mass. It doesn't. It's still an open playing field, and they are about to get smacked off the field.

Anyway, I just wanted to point this out for people who missed the news back in Sep 18 that I really hold 0 DGD tokens because it is fundamentally a train wreck. It has proven itself right.

As you all know, I'm almost always bullish about crypto in the long-term, so if I'm bearish on anything, you best believe that I have good reasons to be bearish.








Anyway, just a shameless plug to my twitter. If you want to engage with me, that's the best way to do so. If you want to see what I'm looking and thinking about, all you gotta do is read my retweets and tweets.

Stay strong peeps, I'm not worried about crypto. If you read and experienced the things I have, you probably wouldn't be worried about it either. It's a game about time, and time is something as a retail investor that I have plenty of.

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