Topic: Masternode coins a good thing or bad? - page 2. (Read 424 times)
People just get involved and stop. Interest is important. No matter what it is
to be able run a masternode requires a lot of coins if they only give a little revenue share, better the funds are used for trading
because altcoin prices are fluctuations and must hold for a long time period, will be very risky to be exposed to market volatility
*so my answer is BAD
because altcoin prices are fluctuations and must hold for a long time period, will be very risky to be exposed to market volatility
*so my answer is BAD
I think whether they are a good or bad thing largely depends on the people involved. I look for projects with a very small premine, talented development team and interesting business plan. One of the ones that I particularly like is DarkPayCoin. It is an MN/PoS privacy coin. They have a premine of 0.1%, a really good community and are building a marketplace to give the coin utility.
it is not that easy to brand certain things as good or bad.
for instance in case of masternode coins i would say it depends on your views of the cryptocurrencies and how they should really be like. for example if you don't care about centralization and a master node having a lot of power in determining the future of the coin and also if you don't care about your transactions being tracked and possibly even censored if the masternode wanted,... then it is a good thing. but if you care about all that and you want a better decentralized model then no they are the worst thing.
for instance in case of masternode coins i would say it depends on your views of the cryptocurrencies and how they should really be like. for example if you don't care about centralization and a master node having a lot of power in determining the future of the coin and also if you don't care about your transactions being tracked and possibly even censored if the masternode wanted,... then it is a good thing. but if you care about all that and you want a better decentralized model then no they are the worst thing.
Masternode is a good coin to hodl in terms of gaining a very good profit. It always helps in the development of their project as the amount of people investing in it increases its success overall. It gets bad only when hodlers decide to dump them in mass which causes an influx. In order to maintain value it should be dumped in moderate amounts to maintain flow so everyone can benefit.
you can't just let anyone hold and dump little by little. when users who had lots of tokens but aren't enough to set up masternodes for a collateral, it will always be dumped no matter what. even the minexcoin which banking doesn't require anyone to have about a minimum quantity of MNX to start banking are dumped. bear market like this is the worst of all. people now starts to consider selling the coins they meant to hold for years because of these bear market.
Masternode is a good coin to hodl in terms of gaining a very good profit. It always helps in the development of their project as the amount of people investing in it increases its success overall. It gets bad only when hodlers decide to dump them in mass which causes an influx. In order to maintain value it should be dumped in moderate amounts to maintain flow so everyone can benefit.
don't you think these masternodes owner also sells the tokens they got? i found some tokens that is actually a utility token while they are also into masternodes which means the token has to be used in their platform. the token shall circulate in this kind of set up. there will be users buying because they will need to token there are masternode owners who will also sell.
There's some level of MLM involved, as early adopter with lots of down nodes could dominate early with good prices, and as the coin falls those getting late nodes would have nothing that could passively earn you money
IMHO There are a lot of ponzi schemes which guarantee you stable passive income per month undercover most of mastenode-coins
Masternode is good thing, today is not good because scammers take it how main weapon.
They create masternode coin, sell MN on presales then go do next masternode project
They create masternode coin, sell MN on presales then go do next masternode project
Yes masternode is a good way to earn passive income. But who would want to invest if there was no rewards. I hope there is a solution to this unforunate situation.
The masternodes are supposed to secure a blockchain but I just keep thinking how is it sustainable? Especially when the max supply has been reached. I would not hold a MN for no rewards. I do believe mn are a good thing but I think there will be a huge price drop for coins when they reach max supply. Most people are going to dump the coins, some before the max supply and then the rest when max supply is reached. There must be a solution for this issue and I think it should be addressed now and not when the first mn coins start to reach max supply and mn drop like flies.
As many members revealed masternods are a good passive income ,you have raised a good question what Will happen if the max total supply reached!, I think the project should do buyback the token and this will pump the token.
Masternodes are a good way of earning passive income from hodling a large portion of the a project's coin. It's also a good way to contributing to their development. They become bad when their hodlers decide to dump them en masse and move on to the next coin. Such dumping impacts on the coin price adversely. Also, imagine hodling masternodes for like Centra, and how they exited the space, that's a lot of losses that would be incurred.
Im a newbie in cryptocurrency then I want to learn some more information to invest. i think Masternodes probably is a good point to begin investing.
which are the risks and advantages that may i get from the masternodes ?
and tell me how to handle the risks in masternodes !!
which are the risks and advantages that may i get from the masternodes ?
and tell me how to handle the risks in masternodes !!
If you believe that the project that has or will have a masternode will be adopted by masses in the near future, then it's good to have a masternode for passive income and to support the project as well.
Yes, masternode coins are good for making money. If the price of a coin grows, everyone is happy with everything, but if the price of a current falls, people can sell their masternode and thereby aggravate the situation even more. Masternode gives passive income and there is not much to earn there, it is not. Better to start trading on exchanges.
This is a nice query. Im a newbie in cryptocurrency then I want to learn some ways to invest. Masternodes probably is a good point to begin investing.
By the way, someone please tell me which risks we maybe get while investing to masternodes? Thank you in advance.
By the way, someone please tell me which risks we maybe get while investing to masternodes? Thank you in advance.
I somehow do like the masternode coins because they do promise a passive income but I always keep thinking what happens when all the coins are mined and the max supply has been met. Where do the rewards come from? I think it is making a lot of people hold the coins versus selling or dumping them for low prices but when the max supply has been reached isn't there going to be a huge dump of coins because there are no more rewards? If the coin price is high I am kind of sure people are just going to dump all their coins from masternodes and move on to the next where they still get rewards. Sure maybe a couple people will keep the masternode running but how good really is the blockchain secured if most people sell off their masternode coins?
I know it is going to be years until max supplies are going to be met but I just keep thinking about this. What is your opinion about it and do you invest in masternode coins?
I know it is going to be years until max supplies are going to be met but I just keep thinking about this. What is your opinion about it and do you invest in masternode coins?
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