Sotar - for the masternode, is there anything special that I need to do or just simply buy the 1000 CHC and it's automatically a masternode??
Thanks for not minding the novice question.
This coin seems a little crazy. Youtubers take the Masternode coin with the smallest marketcap and pump it with claims that it will reach 80$ etc. I will be watching Chain closely but it seems like definition of a textbook pump and dump.
The big difference is that, per Max of HighOnCoins, this is pump-and-HODL. There is no "dump" phase, because that is unnecessary.
Dumping is caused by greed and panic. Don't get me wrong, there are those that will panic, but Max has GREAT WALL buy orders at price levels to serve as a safety net. Right now the GREAT WALL is way low at .00059 (see Cryptopia). The GREAT WALL will move up each day. So this is price manipulation, but this time there is no "dump" phase. I love this idea, I don't think this has ever happened before.
Not realistic. The whole don't need to sell b/c you have masternodes idea is pretty ridiculous. If it keeps going up not everyone will be able to afford a masternode. It's a pump pyramid scheme for the people that got in early to get cheap masternodes. Of course it's easy for them to encourage others to hold since they bought 50$ masternodes. The higher the price goes the more they make from their masternodes which have already paid for themselves several time over. They don't have to sell b/c they can't lose money at this point. The people that buy in at higher prices will be bagholders.
This coin is indeed interesting b/c it shows how much these low marketcap coins can be pumped just from a few "influencers"
You have a point about the masternodes, I didn't really think about the case where the people buying in cannot afford them. I know that is a big problem with DASH, which I really wish I had held. I had DASH at the very beginning but I sold it for BTC.
One thing about CHC though, the masternode is only 1,000 CHC, which makes it very affordable, at least now. I bought two nodes for about $1,600 a couple of days ago. There are ROI statistics here:
https://chc.masternodes.pro/Right now CHC is about $2.75 USD. So you'd have to pay $2,750 for a masternode. Here is what you'd get:
TOTAL MASTERNODES
1141
DAILY CHC EARNED
1.76
DAILY INCOME
$4.83
WEEKLY INCOME
$33.81
MONTHLY INCOME
$146.93
YEARLY INCOME
$1,762.95
I think that's a very good ROI, not many "normal" investments can do that.
But the big concern is this: does the price crash and you lose your capital? So long as the answer is "no" or "unlikely" then there isn't much downside. Regarding price crash, it is very resistant because of the masternode lock-up effect.
But, this is something that no one knows for sure. So what I'm doing is just buying CHC with what I can afford to lose. I sold some of my ETH to by CHC, and it is worth it to be part of this experiment.
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