Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4962. (Read 9723787 times)

Actually, not everyone can "day trade".  I can't.  I tried it and lost, a lot, half the coins I sold. I would never ever have thought at any point going down this last run, that It would continue.  I still don't know.  Knowing my luck, I would have sold at 0.017 and it would climb to 0.1.  I am not taking chances.  Masternodes are a way to increase my holdings without much risk (sans loss of value).  The increase will be moderate in crypto world, but substantial in the regular banking world.  And though profits will go down as more people run MNs, it should remain a pretty good interest rate for some time to come.  As long as we have enough MNs to run DarkSend, all is well.  Besides, I'm hoping there will be other services MNs will provide, and the fees from those services will hopefully make it even more profitable.

So, yah, I know people make lots of money trading, but for people like myself, it's not worth the risk.  I'm also different because I love this project.  Some of us just really love this project.  I won't lie, if I had a pulse on the ups and downs of the market, I'd be buying and selling drk, heck I'd buy and sell other coins to increase my drk holdings.  I have nothing but envy and jealousy for those who can do that!  Trust me, I could use the money-badly, LOL.  But I prove to myself over and over that I have no clue, so I'll play it safe.  This is the right thing for me

In the end any investor needs to be responsible to themselves and make their own decision on how they want to invest.  For some, they can't even look at cryptos, it's too weird for them.  I was hoping my mother would be interested, she loves the stock market, and I thought it might be something we could do together, I was hoping she could tell me how to trade, but she can't wrap her head around it, LOL.  I can't blame her, she's no spring chicken.  Though anyone who lived through the Great Depression, no matter where in the world, ought not to have any faith in fiat, but I guess it's worked for her most of her life, LOL

Ok, enough babble, I gotta go, LOL

muhahahaa.......

dumb?

Please, let me invest a masternode's worth into you. Heck, I'll give you two, and you only need to trade one for me; the other you can keep for yourself. Plus, you don't even have to make 10% per week; I'll be happy with just 5%! (I know, I know, I'm missing out on almost $1,300,000 only getting 5%, but I'm ok with that)

Gentlemen, look at post history of people you are responding. Do not fall into troll traps please.

What happened ? Who DUMP DARK?
 

Neither do I, that's why we all either pay close to nothing with Amazon or under £5/month with someone else.  

Yeah, I don't know where this guy gets his server prices, but you can rent a server for under $30 a month. I also remember someone mentioning that they were able to run many MNs on one server by creating virtual machines. So you're looking at maybe $1 per day, almost certainly far less.

I think it's the Ferrari edition. I, too, was like "whaaa???"

<$10/month would be much closer to reality.

Edit: even an AWS 32-core C3.8 instance costs less than $10/day.

There are 2 reasons that that won't happen:

[1] - given that the last man standing at that point will be raking in a fifth of the entire mined supply every day, there's always going to be a hard core of high revenue nodes left

[2] - remember that most holdings are redundant as far as markets go. They are not traded but locked up in cold storage whatever the price. Only a minority portion of any crypto currency is being traded on markets at any given point. So although you have a theoretical point regarding "optimal use of capital", it doesn't necessarily translate into practice because most people do not optimise it.

In fact I myself am a walking example. The reason my DRK is tied up on a masternode and not traded is because I just can't be bothered pouring over my Mac all afternoon and sweating over charts picking my entry and exit points. I've got a few hundred DRK to day trade and that's it. I just took a long term decision about whether I wanted to be in or out of this project as an investor. Once I'd taken that decision, the next logical thing was to get some interest on my long term holdings. Sure I could get more if I sold at 15 and bout at 11, but that would mean me changing lifestyle, goodbye day job, goodbye family etc etc

The idea is that a balance is struck between the interests of the masternode holder and the interest of the network and so far it seems to be working. Hopefully some more masternodes will cash out because now that I don't give a short term sh*t about the price, I wouldn't mind  optimising my revenue  

Except that a masternode is plug and play once you've set it up. I can go relax on a beach somewhere, and collect my earnings. This is far more appealing to most people than trying to learn the ins and outs of day trading.

10-20 usd for a server? You want the gold plated one, don't you? ;-))

And thus you have a self-balancing system.  Exactly the way it was intended to be.

By all means please do what you say.  I don't have any internal need to 'win' (whatever that means in this case) an argument on a forum.  I don't consider you in that kind of light. But please don't develop a long term habit of being the champion of people that did not appoint you as such.  Don't worry about replying.  It's not necessary.

omg with those skills borrow and steal as much capital as you can and 100x it in a year.

That's like preordering a product and then saying that it didn't deliver what was promised 3 months before it's due to be released. What? Do you even read what you write? Evan never promised a full product by a given date. Development is unpredictable, as this is new ground, and unexpected issues can arise.

Honestly, I'm a bit surprised there are still 500 or so Masternodes online. 1 DRK per day is nothing -- NOTHING -- for having 1000 DRK tied up. And if you're paying for server fees and such, it's even worse. I don't know who would run a MN that costs probably $10-$20 per day in fees just to earn $10 per day in DRK. Some of them are likely IT professionals using company servers for their own gains; I can't think of any other way to make it truly worthwhile.

Oh man, you just stole the words right out of my mouth. I am still confused about shojayxt's points. What exactly is he trying to say or do here.

Funnily enough it seems he has taken over the role that toknormal used to have in the past.

So, on behalf of these nebulous and nameless others, you are running around the thread like a headless chicken, and still refusing to tell me or anyone else what it is that you want other people, as usual I assume, to do for you?

Darkcoin is doing just fine, development progresses, if the current price is giving you palpitations then go do something else for a few weeks, sell up, move on, whatever.

Here's the thing.  Even if people were to get full payments, will running a masternode still be a good investment?  I could take the same amount of btc that people have tied up in a masternode and likely make 10% in a week based on previous returns.  How many DRK would I get in a week running a masternode?  It would take around 100 DRK for me to see the same kind of returns.  If I don't see an increase in profit then I'm not tying my capital up running a masternode.  And I'm sure that there are masternode operators that feel the same way.  If masternode profits don't meet expectations people will simply shut it down, sell DRK, and make profit somewhere else.

And I know that running a masternode is all about profit from reading the posts in this thread.  Profit profit profit was the selling point and buzz word for the reason to host a masternode.  Better hope that the profit meets expectations or those nodes will be going down right and left.