Is running DASH masternode more profitable than HODLING bitcoin?

tenakha

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Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?

It depends more on the situation of the market. By the end of the year, I do not know which one will provide the better, but BTC's performance since the beginning of the year is very good, and we see that this increase has a little impact on altcoins. Therefore, instead of selling the BTC immediately, it is useful to look at the issue from a wide angle.

Rodeo02

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Quote from: 60BTC on November 02, 2019, 02:48:33 PM

Quote from: Red-Apple on November 02, 2019, 06:41:47 AM

Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?

it is very easy to find the answer to your question. all you have to do is to look at Dash price over a long term (in the past) and see if it could have been profitable for you or not.

lets say you bought 1000 Dash in Jayapura 2018. it would have cost you 85 bitcoins.
with the current price of Dash, your 1000 Dash is worth 7.5 bitcoins.

in other words you simply would have lost 77.5 bitcoin = $700000+.
do you think the Dash masternode gives you that much profit?

lets say you were doing it for 2 years, buying at January 2017.
it meant investing 15 bitcoins which would have turned into 7.5 bitcoins.
in other words in 2 years you would have lost 7.5 bitcoin or exactly half.

lets say it was 3 years, it would have cost about 8 bitcoin which is now worth 7.5 bitcoins! you still lost bitcoin!

so that means it's not worth to SELL bitcoin to buy DASH or any other altcoin for that matter. One should try running DASH masternode only if buying via fiat and not sell bitcoin to buy DASH masternode. Correct?

This just explain you might be lost in terms of BTC if price of Bitcoin will increase and its better to hold the BTC in long term than exchange it to Dash to earn a passive income. But in terms USD you will not so much be affected you will earn by staking. but forget about BTC you have before becuase the time will come your DASH will not be the same equivalent from BTC you have before.

Ferris419

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Actually, yes! Running a Dash master node is a quick profit thank holding bitcoin for years! 10K DASH is a pretty good amount to make a decent profit. By holding bitcoin, one can earn a commentable profit after years! Which you can earn too because if Bitcoin price rises, DASH price will be too! But don't forget that Bitcoin is the safest investment in crypto!

target

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There were stories Eth only require 32 ETH in order for someone to join and stake to receive rewards. That is much lower requirements than what dash asks. That is still a passive income although Its not assured yet whether the rewards is worth than just holding your BTC.

If I have that 60btc, I would rather buy Mining devices for Monero, it just need graphic cards and set up a solar system for free electricity. Someone is already doing this as I saw him here in the forum.

poornamelessme

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Quote from: 60BTC on November 02, 2019, 02:48:33 PM

so that means it's not worth to SELL bitcoin to buy DASH or any other altcoin for that matter. One should try running DASH masternode only if buying via fiat and not sell bitcoin to buy DASH masternode. Correct?

Or the other way to look at it -- you would have been much better off simply investing in BTC with your fiat.

As for alts, it's all about timing. Actually that applies to BTC too. But if you bought DASH when it was super cheap (it was as low as .25 at one time) and sold at its ATH, you would have outpaced BTC by quite a bit and made a ton of money. However if you bought a DASH masternode at its ATH and held to today, primarily thinking about ROI from rewards, not price, you would have lost over a million dollars.

So if you think DASH will outpace BTC, go for DASH. Otherwise BTC. And nobody can tell you where the markets will go. Once ETH becomes a staking coin, I also wonder if it'll attract some of the 'rewards investors', which means folks will flock to ETH for rewards instead of DASH. ETH certainly won't require such a large investment as DASH does.

You could always throw a little into DASH if you are unsure, thinking perhaps it'll do the crazy pump thing in the future, but again I wouldn't focus on staking rewards as the determining factor.

60BTC

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Quote from: boltz on November 02, 2019, 11:17:01 AM

Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?

My honest opinion for now would be that if you run a dash masternode for some months to make some extra profits and then switch back to Bitcoin with at least 1-2 months until halv happens. If you're a long term investors , I think both of the solutions can bring you profits but its Bitcoin would be safer lets be honest as for an altcoin you never know how it will perform. Also why risk to buy a Dash masternode ? When in my opinion , Block nodes will be a lot better than Dash.

care to explain what are block nodes and how to profit from them?

60BTC

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Quote from: Red-Apple on November 02, 2019, 06:41:47 AM

Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?

it is very easy to find the answer to your question. all you have to do is to look at Dash price over a long term (in the past) and see if it could have been profitable for you or not.

lets say you bought 1000 Dash in Jayapura 2018. it would have cost you 85 bitcoins.
with the current price of Dash, your 1000 Dash is worth 7.5 bitcoins.

in other words you simply would have lost 77.5 bitcoin = $700000+.
do you think the Dash masternode gives you that much profit?

lets say you were doing it for 2 years, buying at January 2017.
it meant investing 15 bitcoins which would have turned into 7.5 bitcoins.
in other words in 2 years you would have lost 7.5 bitcoin or exactly half.

lets say it was 3 years, it would have cost about 8 bitcoin which is now worth 7.5 bitcoins! you still lost bitcoin!

so that means it's not worth to SELL bitcoin to buy DASH or any other altcoin for that matter. One should try running DASH masternode only if buying via fiat and not sell bitcoin to buy DASH masternode. Correct?

calandra78

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Quote from: safari88 on November 02, 2019, 01:35:24 PM

it's different again if you start the master node from the early days and you can earn a high profit
but for now running dash master node isn't profitable because of the ROI is high

for that reason, it seems like everyone will also think of holding bitcoin instead of running a DASH masternode. but if I would rather trade altcoin than hold bitcoin for a long time. because I have difficulty analyzing the market in the long run. especially I analyze their projects and roadmap plans. although it has been going well and there is a small increase but if the market has decreased it will adversely affect the price growth.

safari88

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Quote from: Red-Apple on November 02, 2019, 06:41:47 AM

~snip

it's different again if you start the master node from the early days and you can earn a high profit
but for now running dash master node isn't profitable because of the ROI is high

junkerr

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Quote from: disconnectme on November 02, 2019, 11:07:39 AM

Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?

For now with the coming Bitcoin halving, I won't risk spending that much on Dash, most of these Altcoins are there just to trade them against BTC and not for long term holding, the time when hosting masternodes was profitable is long gone and I don't see any of them making it unless there is a real world use case for the token/coin

I would also rather hold bitcoin than have to bet on the dash. not because of a bad dash, but I see as you see it, that there will be an update in the next year I think buying it now and holding it in until the update runs is the best step.

qwizzie

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Return on Investment (ROI) comparison between Bitcoin and Dash :

https://messari.io/screener

If this trend continues, i see Dash getting a far higher ROI then Bitcoin (once Dash gets out of this current multi-year bearmarket).

boltz

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Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?

My honest opinion for now would be that if you run a dash masternode for some months to make some extra profits and then switch back to Bitcoin with at least 1-2 months until halv happens. If you're a long term investors , I think both of the solutions can bring you profits but its Bitcoin would be safer lets be honest as for an altcoin you never know how it will perform. Also why risk to buy a Dash masternode ? When in my opinion , Block nodes will be a lot better than Dash.

disconnectme

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Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?

For now with the coming Bitcoin halving, I won't risk spending that much on Dash, most of these Altcoins are there just to trade them against BTC and not for long term holding, the time when hosting masternodes was profitable is long gone and I don't see any of them making it unless there is a real world use case for the token/coin

Pinkris128

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Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?

Why not both? Buy some DASH and keep the rest of BTC to hodl. It might not produce as much as maximum income if you only choose one of the two options, but at least you got the feel of both. The market right now for dynamic and fluctuating coin like bitcoin is low so, many expect that it will rise next year. In the end, it will be your decision so be wise. Masternode is a complicated stuff for me so I rather choose BTC.

stephanirain

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Freshdice.com

Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?
I want to earn passive income but it has a risk right? What if DASH price falls after one year and bitcoin price keeps increasing,that can happen? or Bitcoin and DASH price directly proportional in long term?

You will now know which one of the two is better unless you try doing it. They are both different and unsure what will the price of BTC tomorrow. Personally, I will choose BTC because I feel more safe on it than DASH. Passive income is a good choice but I like BTC to surprise me. Whether it is good or bad surprise, it is a risk that I will take. For you, decide on yourself which is risk is more appealing for you then fully accept the terms of it.

erickastella

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if you hold bitcoin and dash with a very long term it is very risky because cryptocurrency is very difficult to guess even though with the indicator I say 90% is almost right the rest is not, therefore in my opinion you should really think about it so as not to suffer losses.

darkangel11

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Quote from: poornamelessme on November 01, 2019, 04:45:28 PM

Quote from: pixie85 on November 01, 2019, 04:39:03 PM

It can be more profitable but it's also much more dangerous. The price of Dash does not only depend on its own performance but on the performance of Bitcoin. Running a masternode is a big investment and you will be holding a lot of Dash so you can be happy for a time because the rewards from masternode will be good but if the coins that you're holding in collateral lose value you'll take a big hit.

It's possible to lose more money in 1 day than the masternode fees gave you in a year just because dash price took a hit following a dump on Bitcoin.

That's what I find so risky with this whole passive income thing and crypto. A coin can easily lose 5% in a day... sometimes 10-15%, so how worthwhile is that 5% yearly when a daily change can wipe out all rewards?

It'd be like buying a bank CD that fluctuated in prices and by the time you come home from the bank it's already lost money, and will take several years of passive income just to make up for that 15 min. drive home.

So if the OP likes Dash and thinks it'll do well, sure, buy it. But forget the passive income part of it, that shouldn't factor into the decision, it's just icing on the cake if things go well. And meaningless if things go poorly.

Extreme example: At its ATH, a Dash masternode was around 1-1.5M. Now that same masternode is worth around 72K. Do you think any holders who bought at ATH prices are thinking, "It's still great, I get $3500 a year in rewards!"

This is a very good answer and it's the way I see masternode and staking investments. In fact masternode is jumping on deeper waters than simply staking. It's more like mining where you need a big initial investment and your funds get frozen in the hardware or in the node and when the price goes down all you can do is watch in fear. You get $100 a day and the price falls by 1% making you lose $150 and the next day the same thing and on and on for a month. It's too much for most people. You need to really be a confident person to survive it and not sell everything.

Red-Apple

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Quote from: 60BTC on November 01, 2019, 08:52:02 AM

A simple question, If i buy 1000 DASH with Bitcoin and and run a masternode, i will generate passive income. My question is will the end result after 1 year (initial deposit + income) will be greater than if i decide to HODL bitcoin and don't run a masternode ?

it is very easy to find the answer to your question. all you have to do is to look at Dash price over a long term (in the past) and see if it could have been profitable for you or not.

lets say you bought 1000 Dash in Jayapura 2018. it would have cost you 85 bitcoins.
with the current price of Dash, your 1000 Dash is worth 7.5 bitcoins.

in other words you simply would have lost 77.5 bitcoin = $700000+.
do you think the Dash masternode gives you that much profit?

lets say you were doing it for 2 years, buying at January 2017.
it meant investing 15 bitcoins which would have turned into 7.5 bitcoins.
in other words in 2 years you would have lost 7.5 bitcoin or exactly half.

lets say it was 3 years, it would have cost about 8 bitcoin which is now worth 7.5 bitcoins! you still lost bitcoin!

o48o

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Quote from: ethereumhunter on November 02, 2019, 04:35:05 AM

Having a DASH masternode means you can have another source income. No matter if the DASH price is falling, you still receive your interest. When you want to have a DASH masternode, then you should have a huge bitcoin because to get the masternode will require a big amount of bitcoin or fiat. It is still difficult to say you WILL get profitable from DASH than holding bitcoin because that will depend on bitcoin price and dash price. But if you consider getting another source income, then you can try to invest in DASH masternode so you can get passive income in DASH.

That interest or passive income doesn't mean anything if the price will fall against btc and you are unable to make more btc with it. He was asking which one is more profitable, so the question is which makes more btc to you, btc itself or dash, it doesn't matter if the dash raises its value in usd.

ethereumhunter

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Having a DASH masternode means you can have another source income. No matter if the DASH price is falling, you still receive your interest. When you want to have a DASH masternode, then you should have a huge bitcoin because to get the masternode will require a big amount of bitcoin or fiat. It is still difficult to say you WILL get profitable from DASH than holding bitcoin because that will depend on bitcoin price and dash price. But if you consider getting another source income, then you can try to invest in DASH masternode so you can get passive income in DASH.

Topic: Is running DASH masternode more profitable than HODLING bitcoin? (Read 368 times)