40 000 usd is kinda big sum of money but definetely not impossible to own in any western country.
Hang on.. Master nodes are currently on a fire sale. I'd hold out, because I don't think the best deals are to be had quite yet. The dollar value of a Masternode depends on the dollar value of bitcoin as well. |
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As a pure speculation and investment, isn't it a good thing that the masternodes (large holders) have common interest with the smaller ones? It is not in their interest to lose wealth, rather increase it. It is very good boat for a small fish to be (assuming the small fish has been able to buy low before the hype).
I doubt Darkcoin will be 0.01 after this hype, the new bottom might be somewhere around 0.015-0.025 (depending on how high it will go during the current pump).
I have been following also the number of masternodes recently and behold, they are indeed rising in numbers. I recall just a few days ago there were exactly 4000 masternodes, now they are 4104 so 104 000 more coins have been hoarded from the weak hands.
There are several glaring issues with the concept of master nodes. 1. Currently you need ~$40,000 to operate one just on the 1000 DASH you are required to have locked up. Plus expense on hardware/software/electricity. The barrier to entry is way high. Imagine if it cost $40,000+ to run a bitcoin node or a monero node. 2. Current masternode owners with a large stake (or even exchanges that have dash) will over time gain more master nodes purely from keeping them in a "proof of ping" mode. Nothing else required. Centralization comes to mind. 40 000 usd is kinda big sum of money but definetely not impossible to own in any western country. That being said, in order to increase the number of masternodes the price cannot rise too much from here. On the other hand, does Dark coin need more Masternodes or is ~ 4000 masternodes good enough for the long haul.. Bitcoin is also centralized mainly towards the Chinese farmers - exchanges mainly operate with the "free coins" in the weak hands of speculators. |
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I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.
Masternodes are a liability. They are an attack vector for deanonymizing transactions. We should thank Saberhagen we don't have that. But I assume you like them because they reduce the liquidity of the float thereby causing swings in price to be more amplified. And the ongoing marketing "hype" is just bullshit. You seem to only be interested in Monero as a get rich quick "pump and dump" vehicle. That's fine. My priorities are different though. I do NOT want marketing "hype". When you make the price rise unnaturally you will pay for it eventually. In fact it could be argued we are paying for the dark market hype now. I would propose Dash better meets your desires for a cryptocurrency. To be honest I should have invested into Dark coin when it was cheap (a couple months ago).... I think it is too late now - I am not saying it cannot go higher but definetely it is not that much of a bargain than it was. Yes in terms of market capitalization the idea of masternodes is perfect for a crypto in the world we are living (where cryptos are merely speculation tools). Basically anything that locks coins is preventing the major dumps taking place and helps the price to increase as it is easier to pump a coin that has lowish available supply. I think people investing in Darkcoin understand basic economics.  I am currently investigating coins to diversify, and I am interested in projects that have opportunity to rise in price. You know, I am not an idealist but a speculator. And nope, I have no margin positions to any directions. Woulda, coulda, shoulda,...WCS Now go start a market hype campaign with your own funds. Thanks  Please do not direct the question to the funding issues..... Why not? I'm a big believer that if I want something I would rather do it myself. In the same respect I would expect someone who wants something to do the same. Because me as a funder is kinda weakness of Monero compared to Dark coin that has a set budget for the hyping and pumping. |
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Actually interesting time it will be when the parity with gold bullion will be reached, to me this is more a milestone than the ATH on Gox.
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As a pure speculation and investment, isn't it a good thing that the masternodes (large holders) have common interest with the smaller ones? It is not in their interest to lose wealth, rather increase it. It is very good boat for a small fish to be (assuming the small fish has been able to buy low before the hype).
I doubt Darkcoin will be 0.01 after this hype, the new bottom might be somewhere around 0.015-0.025 (depending on how high it will go during the current pump).
I have been following also the number of masternodes recently and behold, they are indeed rising in numbers. I recall just a few days ago there were exactly 4000 masternodes, now they are 4104 so 104 000 more coins have been hoarded from the weak hands.
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Apparently the coins are trading in the exchange, there is a premine ( = there are coins). Once a person have proven innocent the coins should be delivered immediately IMO.... There is no reason to hold those coins.
Now the situation is that the developers hold the coins of innocent people and refuses to release them despite the coins exist.
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There is no rational reason to hold back the coins as it is trading already in the exchange.
All the people who are legitimate should be released the coins in the new block chain otherwise this is just another scam... As long as there are pending issues such as this one should be very careful in investing this. I am glad I do not have an open case for that many coins so I have not too much skin in the game.
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We will follow a proper procedure for the coin swap .
We are for now contacting exchanges to add the coin for trading , after the trading and the network gets stable .
We will start with coin swaps .
Why need to wait until the coin gets into exchanges? Isn't it better that there are more people demanding the coins to be listed? In the exchange the price will find its equilibrium and once the project progresses the price of the coin rises (as it is worth to pay more). Premines can be successful, there are a few examples of those (Dash being one example). |
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I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.
Masternodes are a liability. They are an attack vector for deanonymizing transactions. We should thank Saberhagen we don't have that. But I assume you like them because they reduce the liquidity of the float thereby causing swings in price to be more amplified. And the ongoing marketing "hype" is just bullshit. You seem to only be interested in Monero as a get rich quick "pump and dump" vehicle. That's fine. My priorities are different though. I do NOT want marketing "hype". When you make the price rise unnaturally you will pay for it eventually. In fact it could be argued we are paying for the dark market hype now. I would propose Dash better meets your desires for a cryptocurrency. To be honest I should have invested into Dark coin when it was cheap (a couple months ago).... I think it is too late now - I am not saying it cannot go higher but definetely it is not that much of a bargain than it was. Yes in terms of market capitalization the idea of masternodes is perfect for a crypto in the world we are living (where cryptos are merely speculation tools). Basically anything that locks coins is preventing the major dumps taking place and helps the price to increase as it is easier to pump a coin that has lowish available supply. I think people investing in Darkcoin understand basic economics. I am currently investigating coins to diversify, and I am interested in projects that have opportunity to rise in price. You know, I am not an idealist but a speculator. And nope, I have no margin positions to any directions. Woulda, coulda, shoulda,...WCS Now go start a market hype campaign with your own funds. Thanks Please do not direct the question to the funding issues..... |
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Monero need to increase transactions and that is the only normal way to lock coins from exchanges. Last year number increased 6 times, lets hope this year will be same.
I love to make transactions with XMR myself but I am not aware of any place I can pay with Moneros on stuff I need/want. I am not using drugs and not interested in child pornography. Even bitcoins I am not using but simply storing for the future. |
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Regardless of any viewpoints on DASH, historically just about every major XMR rally is preceded by a DASH rally, usually by a few weeks. This is my observation, perhaps its merely coincidence but you decide. I'll be interested to see what happens this time.
^ posted this the last time Dash was peaking, reposting for future observation I certainly hope you are right here. I love to see Monero rising and Dark coin dropping like a rock to the bottomless pit to the abomination of desolation. |
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I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.
And to that point Bitcoin also has NO masternodes and no ongoing marketing hype like DASH. Bitcoin has by the way ongoing marketing hype even more than Dark coin. Sure bitcoin has no masternodes but the number of bitcoins in the exchanges are smaller than the number of Moneros on Poloniex. Monero has soon 3rd anniversary and still Monero economy is not vibrant and people are obviously not hoarding Moneros like crazy (as it can be seen on the exchange). --- Shoulda woulda will not help I know unless one do not learn from the past mistakes and when the next round comes, act in the correct manner. I am hopeful there will be a buying opportunity for Dark coin coming in the future also. |
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Yes the coin swap has not started now .
We will release a date soon
BestRegards,
ArugsTeam
Date? Why not now? |
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Still waiting the conversion of coins from the Coinexchange....  |
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10 000 is certainly a possibility. Usually most of the people will not wait until then and thus they sell well before 10 000 which actually helps it to rise there. A major resistance to 10 k might be somewhere between 4000-5000 (if we can go to 10 k) since many even with smart money seems to hold it as a target price.
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I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.
Masternodes are a liability. They are an attack vector for deanonymizing transactions. We should thank Saberhagen we don't have that. But I assume you like them because they reduce the liquidity of the float thereby causing swings in price to be more amplified. And the ongoing marketing "hype" is just bullshit. You seem to only be interested in Monero as a get rich quick "pump and dump" vehicle. That's fine. My priorities are different though. I do NOT want marketing "hype". When you make the price rise unnaturally you will pay for it eventually. In fact it could be argued we are paying for the dark market hype now. I would propose Dash better meets your desires for a cryptocurrency. To be honest I should have invested into Dark coin when it was cheap (a couple months ago).... I think it is too late now - I am not saying it cannot go higher but definetely it is not that much of a bargain than it was. Yes in terms of market capitalization the idea of masternodes is perfect for a crypto in the world we are living (where cryptos are merely speculation tools). Basically anything that locks coins is preventing the major dumps taking place and helps the price to increase as it is easier to pump a coin that has lowish available supply. I think people investing in Darkcoin understand basic economics. I am currently investigating coins to diversify, and I am interested in projects that have opportunity to rise in price. You know, I am not an idealist but a speculator. And nope, I have no margin positions to any directions. |
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In Monero for a while. The weird part is that I currently consider Monero more undervalued at <12$ than at 0.50$. Monero just works great right now.
I dont see current price of $12 now less worth as it was year and a half ago at $0.5. I think $12 is a solid price. It is hard to say if it is cheap or expensive, but for sure is not almost free as was the $0.5. Price will for sure go up and also down in near future. Long term it will go up. Slowly and steadily same as number of transactions and same as Bitcoin. But no masternodes locking the coins from the weak hands....  |
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I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.
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There is nothing to worry in my opinion. When the coin is forked the balances should be there in tbe new blockchain... The original chai will probably be left obsolete however.
These are the best periods to be brave and buy some cheap goodies.
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In the best case scenario I think the price could reach 0.01 btc. We will see how this raffle goes.  |
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