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Seeing Blocknet dip below $1 (with a previous high at $55) tempts me to finally get a masternode in this coin.

I'm not gonna lie, I'm a HUGE fan of masternodes, and hate myself every single day for not investing in a DASH node back in the days when it was affordable. At the current price range I could buy a node for less than $5k, which isn't too bad considering that it's one of the oldest projects around.

Massive upside potential, as it's a project still in development, and overall it just appeals way more to me than all these new ICO shit tokens with no products to show, no history or developments, just empty promises.

The whole Altcoin market has declined to a level where investors can get in at incredibly low prices.

What do you guys think? I'm eyeing a lot of projects, not talking about going all in at all, just believe this project has massive potential!

See this sheet outline some projections:
https://docs.google.com/spreadsheets/d/1nr6HaQ2JJDP5qU4rMW2hQQGQjxit6wzOgKzoeurwPSQ/edit#gid=1074847926

- Nodes require 5000 block putting but pressure on the market
- Nodes earn 100% of the rewards for their services
- Nodes can charge their own fees and set their own prices
- Turn a node into a business by providing services
- Services nodes can monetize include:
--- the only true DEX (non-custodial, no accounts/kyc, all native assets and no proxy tokens, decentralized order books/matching/settlement)
--- oracle data (provide developers with external off-chain data or even on-chain data )
--- blockchain interoperability (decentralized blockchain router to communicate between different public and private blockchains)
--- microservices (enable developers to interact with any existing api or make your own new service)

This is my personal opinion, and do not take it as your investment guide. Always do your own research,

Blocknet might be one of the oldest Masternode projects in this space just like Dash, PIVX, Bitsend and else, but it does not mean it has more potential compared to the newly Masternode project. Let's talk about Bitsend, did you see how bad Bitsend is right now? it happened because the project lack of demand and growth, and look at Blocknet.
from demand of view, its total buy orders from various exchanges are 10BTC and its total volume in 24 H just around $3000. That means the demand is very low, and look at their development. Do you see any significant change or development happened with them? I do not see it. From this alone, I can tell you the risk of holding it is higher compared to the others and the return of holding it is lower compared to holding (let's say) ETH. You might lose it all once the final bear appears.

if you are asking me, what to do? then I will say, find something that is fresh and have a good concept. Like Masternode based on SIM Card or anti-sim swap project, because it is going to be lively. Since Verizon has made their move

It's probably tanked to below $1 for a hell of a good reason. Are you aware why? You should consider these things before buying into coins like these. For all we know, the developers have already left this project and nobody is maintaining or has any plans of reviving this.

Seeing it's from 2014 and no new updates further raises red flags! Caveat!

Be careful. If this coin dies out like it seems to be doing, they will remove it from Bittrex. If it gets removed from Bittrex, the price will really tank. You'll basically end up holding a $5,000 bag. The developer of the coin hasn't even been online since August 07. I have seen Bittrex remove more active coins than this and it ended up being practically worthless afterward.

This https://blocknet.co/ right? It is an interesting decentralized exchange. I probably have tried using it several times without success. Not sure it was this DEX though.

Well, from what I have read in the past about the exchange I think its coin is worth holding long-term. But I am not sure if this is the right time to accumulate... Probably when they make a big announcement. DEXes still have a long way to go before they become popular and attract huge amount of users

Thanks for posting all this, wasn't aware of all of this :)

Oracle data reminds of Chainlink, can you tell me more about this in detail? I'd love to know more as I guess I didn't pay attention to this part upon researching this project.



There are so many new scam coins out there, in fact, most masternode projects serves NO purpose, there is basically no use case at all - Only incentive to invest in them is to reap the benefits of block rewards. I agree that volume is low, but Blocknet is FAR from the only coin who suffers from low volume in this bear market. Most big projects are wash traded like crazy, OKEx being one of the worst exchanges to do so.

Source: https://www.thedailychain.com/report-suggests-that-wash-trading-is-down-by-35/

Blocknet is still in active development, they've got a working product (DEX), their new wallet is beautiful and functional. Investing in any altcoin right now is a huge risk - Blocknet is not going anywhere though, if they wanted to "exit-scam" or give up, they would have done so long ago.

Ethereum is a safe hold, since it's a top 10 coin. I'm holding BTC, ETH, and a few small cap projects I believe will do well, this one caught my attention after doing a lot of research, hence why I made this thread.

Great call on BLOCK, since it seems like it's already up more than 15% percent since this thread was made.

Decentralized trading is sure gonna be huge some day, so I'll definitely take a look at the project.

Been eyeing BLOCK the last couple of weeks, and really like their progress on development so far, seems like they are taking things really serious, prepping for next years mega moon run (which is gonna happen to BTC block reward halvning).

Excited on their Xrouter capabilities on blockchain interoperability, which is something most people seem to be unaware off at this point. The things that is possible in regards to extracting blockchain data is incredible. Heck, they could even do Oracles, like LINK, yet the marketcap of this project is insanely low.

If you are eyeing a lot of project it certainly make you wanna invest to a project that already hit the -100% if possible since the bear market. Blocknet is one good project to look at since its sure to rise up. It is not however among the top coins though and its only listed on 3 exchanges which is why volume is not that huge.

I'm sure they'll be listed on more exchanges moving forward. Beaxy is one that has been confirmed already, and although it's a new exchange, they do have FIAT on.ramps which means they could become as huge as Binance one day - You never know.
The Beaxy community is impressively huge and engaging as well, so it's pretty promising.

Long term BLOCK will do well, no question about that.

If the bear market just didn't run this long, the price of Block wouldn't be this low and this goes for most of the project that last. Binance would be a long shot but probably. The developer is actively updating the community so this is good.

You can actually install their blockDX which you can buy coins enough for the MN collateral. No need to submit KYC.

Agreed. A year back I had a good eye on Blocknet, promising myself that if it ever went down to the $1 area, I would buy some. The masternode income when BLOCK reached $55 was insane, and who knows, it might happen again.

Been following this project for a while now, and it seems like it's getting some attention again from a few people. Have seen Block being mentioned on Reddit, Youtube, Facebook and a few other places lately.

Their recent "Word On The Block" announcement covered a LOT of things as well, looking forward to see their AMA today!

wwoow the  BTC price ATH is x60 from the price that its now!
but it has so small volume and is not listed in new exchanges since 2017
i wonder whats going on with their project
they marketed themselves as Komodo competitors and atomic swap pioneers
now they look like very dead to me
very scary to invest in that

They are building their tech, that's their priority right now while the bear market is on. They will be listed on Beaxy, new exchange with FIAT on-ramps.
90%+ of all volume you see these days is FAKE. So the $50K volume we had a few days ago was pretty decent for BLOCK. Not concerned at all, extremely bullish in fact.

Once the Litewallet is finished, it will be much easier to trade on Block DX, which should add a lot of volume to the DEX overall. The bull run next year will hopefully move people away from centralized solutions as exchanges will require more and more personal info, and quite possibly also share your details with the IRS.

Regardless that its one of the first batch of masternode but If the problem is about the demand of the coin then definitely the Blocknet team should work out that area. Another problem is if the team are out ideas and can’t hardly compete with the leading masternode coins.

Due to the bear market, they seem to focus on development rather than marketing, since marketing this point in time seems pretty useless. A LOT of projects is holding back on releases and news due to this fact.
The demand for BLOCK will return as soon as more people get involved in crypto again, and by the time people start to wake up and actually USE DEX's, I'm sure Blocknet will be a huge market leader.

Just my prediction though, feel free to disagree.