not sure what is going on but looks like for some reason people are selling it at very cheap. I think no news makes people scared and sell for peanuts... There are many people after this MN and if we don't sell and keep the price they will have no chance as to buy expensive at our price considering the ROI is 600%+
All the masternode coins are reacting very strangely. They are all in the tank. I bought this coin at $15 and now it is at $6. -- Is something wrong?
Lol.
Welcome to the crypto world. This is not strange, it's just that cryptos are volatile by nature because everyone gets greedy.
This is why you need to do your due diligence and think before you buy and invest in a masternode coin. Dozens of masternode projects popped up, all claiming super high ROIs. When it's too good to be true, it usually is. Look at Numus, not 2 weeks ago, the yearly dividend was 1 million $...for a project that didn't even have a roadmap.
Sparks has the same problem as the other masternodes of its kind: they do not provide enough information on what their purpose is or what differentiates them from one another. It's always the same claims "Anonymity", "decentralized currency", "fast transactions"...well guess what, there are dozens of coins that provide the exact same functionalities. What makes sparks better?
And then you have the shitty exchanges these coins are listed on. Once you get in, you're litteraly stuck! I said it time and time again, a small exchange with little volume makes it very easy to manipulate the price and either pump or dump a coin very hard. There's no liquidity. If we take the example of Sparks, you have coinsmarket which has been down and scammed people, stocks.exchange which seems to be pretty shaddy too and trade satoshi. The combined volume is only ~6 BTC. Hell I own more BTC than that.
Once people start to panic because the prices tank, they sell, and when they do, they sell hard. Fear takes over the greed.
And then you have all the people who want to get out of this coin to surf, what seems to be, a slight BTC uptrend.
I don't mean to be rude, I myself have been contemplating sparks for a little while now, but all the reasons I mentioned above made me not purchase an MN. All I know is that the MNs I do own have had a lot less of a price impact than Sparks and the likes because they either had proven use cases or have such a strong roadmap and goal they were more than worth it.
