As many of us crypto currency lovers, investors, traders, dreamers and whatever else we can be grouped together as know sense the new year things have sure been a real drag. For lack of better terms. While our favorite coins and tokens seem to find new lows after new lows day after day. From what just a few months ago was new highs after new highs.
The new new comers run like hell and the traders find it hard to get in a good run for profits and short sales seem to have no bottoms to buy back and very few tops to make anything you could call profit and long term investors just stick to their guns and repeat all is well just hodl,hodl,hodl.
There seems to be one ray of sunshine or green in this whole sea of red. That's the old faithful when all else fails what will always be there to put your mind at ease gold.
Gold when the dollar crashes. Gold when our coins go sinking like the Titanic on a cold winter night.
Digital Gold or in this case dgd coin or digix. The only crypto coin to do anything worth talking about today. Has roared to gains in excess of 50% &60%.
Now dgd is not the dgx coin the digital Gold coin that represents one gram of gold for ever token. Which is stashed away in some vault who knows where. The dgd coin the digital dao is the one blowing up at the moment and this is your pretty much every day use coin. Back by gold sound familiar. This is basically what I dollar or in this case coin should be. Well it's what a dollar should be backed by something solid you can believe in have faith in knowing that gold will always have value. People have hoarded it sense well sense the beginning of value I would guess.
The dgx is more for a storage to put up as an investment. While the dgd would be more of a everyday use. Which is what has left me wondering could this be the next big coin to go to a $1000 or two or more. A coin that could actually get accepted my the masses back by gdx/gold.
While we try to explain to people about cryptocurrency and the value and the technology. Seems to me a digital coin backed by gold is something a lot of old timers could understand a lot easier than digital money. While they all understand that a credit card can be shipped and it works in ways that they may not completely get. They do understand a dollar backed by silver or gold. So one backed by that that they could use as day to day p2p may be something for all of us to consider. Especially as far as our portfolios go and definitely during times like this. When there's either tether which has seemed pretty scary right now or maybe a gold coin.
Just seen how in the midst of what new comers are fearing a total collapse. This one coin among all the greats was not only holding it's own and more than that making huge gains.
Now I'm absolutely no expert on dgd,or dgx. Just seen what was happening in the markets and got curious. So I started looking into it all. I'm sure some of yaw know a little more I sure would like to read some comments about it and hear what you guys think about it. Thanks and goodnight steemians.