Hello,
So, I'm going to post my first ever BTT post...
I want to share my short story so far with this coin.
So I started few days before they did a swap (around 4 - 5th of August).
The coin was heavily dumped, people panic sold it, because of old chain exploit. Someone found exploit in the chain, and mined a lot of coins.
Devs took all steps to avoid exploited coins in entering the swap. So, that was the reason, why some coins haven't been swapped, if you were unable to prove origin of the coins.
After the swap, coin switched from POW/POS to only POS + masternodes.
I bought my first 17,6k coins in a range of 1600 - 2000, then I traded some coins, dumped when everyone were dumping, bought back at the bottom, and finished trading with 23,6k coins.
When I got my swapped coins (CARDB -> BCARD), I started with 3 nodes, traded with the rest of the coins. And got my initial investment back in about 2 - 3 days.
Today, I'm about to start my 6th node. I keep reinvesting everything what I get with this coin, because I believe that it will perform well in the future, as it was doing already (at least for me).
My strategy is to keep reinvesting everything, so I can keep almost constant % of nodes, which means my profit in coins, will always stay pretty the same.
When I started, I had about 2% of total nodes, right now I have about 1.7% of nodes, which means, that from 100800 new coins in a day which is paid for MN holders, I get ~1.7%, which is about 1,7k in coins (I started with getting ~2k coins per day). Right now I start new node each 3rd day.
In my opinion, this coin is definitely not a scam, because devs put a lot of effort to deal with the chain exploit, they paid some extra for Crypto Bridge, masternodes.online and some other listings... I know that they wasted on these things a big chunk of their pre-mine. I asked devs, how they will make profit for themselves with this coin? and their answer was simple: we are running some nodes, and we will get commission fee when product will launch (buying gift cards using BCARD).
I know that in 1 - 3 days, they should present their updated WP and pre-beta of product. So, in my opinion, right now is very good time to buy in, and start a node.
Other reasons, why I think it's good price to buy in now:
- Pre-sale was 0.4 btc for 1000 coins, so pre-sale price was 40000 (current price is 2500). A lot of people bought this coin much higher than it is now, so it means that a lot of people entered with higher price, and they are not willing to sell for a loss
- this coin is one of very few coins, which is going to have real world use
- marketcap is still very low, which means it has a lot of room to grow*
*right now marketcap is about 337k USD. In my opinion coin value is created in 2 ways:
1. When new investors are coming in. This means that each additional 337K USD from now, would bring the marketcap 100% up.
2. When people show trust in the coin, by holding, and not selling low. This depends totally on holders and their opinion/mood about the coin.
Each of us should decide by themselves, they want to be part of this coin or not. I am in this project, and I really support it, I think it has a good real world use. I am planning to use this coin by its purpose (buying giftcards, and getting some real things from crypto).
Keep it simple, keep it real, let's roll BCARD!
Best Regards,
Rand0mGuy (discord username)
