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Quote from: kleinerboy on Today at 12:00:09 PM
The focus of my crypto strategy was setting up Masternodes. ROI numbers looked amazing but now all my MN coins are completely bleeding and almost worthless. I think the problem is that too many coins are generated for miners and masternode owners, so that the oversupply of coins will be slowly killing the price. I am already expecting Gobyte to be a below 1$ coin. Nobody knows though and I hope my thinking is wrong. The team seems to be active and doing a solid job. Nevertheless what I can now say is that I will change the focus of my strategy as MN coins dont really seem to work.
I have followed GBX from the beginning and the developers are working every day. They are developing new services, white paper, Gopay, ...
I could see other coins that devs left the project but the GBX case is not the same, the devs are involved in the project and working on it.
The focus of my crypto strategy was setting up Masternodes. ROI numbers looked amazing but now all my MN coins are completely bleeding and almost worthless. I think the problem is that too many coins are generated for miners and masternode owners, so that the oversupply of coins will be slowly killing the price. I am already expecting Gobyte to be a below 1$ coin. Nobody knows though and I hope my thinking is wrong. The team seems to be active and doing a solid job. Nevertheless what I can now say is that I will change the focus of my strategy as MN coins dont really seem to work.
I have followed GBX from the beginning and the developers are working every day. They are developing new services, white paper, Gopay, ...
I could see other coins that devs left the project but the GBX case is not the same, the devs are involved in the project and working on it.
I agree to your point, but you cannot neglect the fact of oversupply. Imagine the people that own e.g. 5 Masternodes. They receive 37,5 GBX coins a day. A lot of MN owners just immediately sell their genereated coins which will create a permanent bear market. MN Coin ROIs are just too high to maintain a healthy market.
