Topic: Masternodes - possibility or another way to scam? (Read 206 times)
Masternodes were a good innovation for security, if I recall correctly, implemented by DASH as one of the earliest examples (although they had an exploit turn up because of it). But yes, I see it more commonly now among alts, even new token only alts have tried implementing Masternodes to try and revive dropping values, since these require people to lock in their coins for a certain period of time. To me, if there is no need for it, then it shouldn't be done. It's always about extra security and extra services, but if no one is using them, then whatever for?
MN coins that have those insane ROI are usually new ones and their % tend to dwindle down once they hit different exchanges. We can't call all of them scam but many of the new coins in the masternode realm that I'm seeing today are turning into one. They will attract investors by providing high ROI and the devs (with their team) will dump into those unknowing individuals little by little until the price of it bottomed out. The technique here is not to be greedy and not to be blinded by those insanely high ROIs. You should know that something is not right if see those numbers and steer away from it.
On the other hand, MNs that have normal ROIs are real especially if they are in the market for quite some time now. MNs provide security to the network and they get rewards to the service that they cater. We shouldn't generalize that all MNs are scam.
Can you mention what MN aren't scam? AFAIK they're all losing value FAST in the end. You got 100% ROI followed by -1000% in value..and so on.. On the other hand, MNs that have normal ROIs are real especially if they are in the market for quite some time now. MNs provide security to the network and they get rewards to the service that they cater. We shouldn't generalize that all MNs are scam.
MN coins that have those insane ROI are usually new ones and their % tend to dwindle down once they hit different exchanges. We can't call all of them scam but many of the new coins in the masternode realm that I'm seeing today are turning into one. They will attract investors by providing high ROI and the devs (with their team) will dump into those unknowing individuals little by little until the price of it bottomed out. The technique here is not to be greedy and not to be blinded by those insanely high ROIs. You should know that something is not right if see those numbers and steer away from it.
On the other hand, MNs that have normal ROIs are real especially if they are in the market for quite some time now. MNs provide security to the network and they get rewards to the service that they cater. We shouldn't generalize that all MNs are scam.
On the other hand, MNs that have normal ROIs are real especially if they are in the market for quite some time now. MNs provide security to the network and they get rewards to the service that they cater. We shouldn't generalize that all MNs are scam.
My opinion Masternode is highly risk because everytime coin dumping.
It's a fast-growing part of the crypto community.
I find many coins have ROI 1k up to 9000%. It can't be possible. Coins just created but have a high price.
So the way is next
Create coin with all of the features. sell the amount of your coin required for masternode, usually, the price is around $10k. Return on investment is 10-25 days. I am not sure does it anyone buy with that price but I guess somebody ran.
There is a problem, after a week or two, most often after the first listing on the exchange price dumping because of nobody wants to buy this coin. So if someone buys masternode there is no xx thousand % ROI. It's a much longer return if at all possible
I find many coins have ROI 1k up to 9000%. It can't be possible. Coins just created but have a high price.
So the way is next
Create coin with all of the features. sell the amount of your coin required for masternode, usually, the price is around $10k. Return on investment is 10-25 days. I am not sure does it anyone buy with that price but I guess somebody ran.
There is a problem, after a week or two, most often after the first listing on the exchange price dumping because of nobody wants to buy this coin. So if someone buys masternode there is no xx thousand % ROI. It's a much longer return if at all possible
I think this is just a trick to lurk new the masternode owners. 900% or similar ROI can't be sustainable for more than few months, because this will flood the currency supply. Or they just aren't counting the coin inflation.
if the coin is brand new and masternode is for sale for 0.5 btc - i guess the reason is too obvious. and ROI, calculated from speculated price - just a good looking number. thats why all masternode stat websites are making $$$ right now. sadly this is the case for almost every single project. you still can make good buck, but need to be ready to dump any second. shame
I've been following for a long time, and I was thinking about investing in MN.
Successful examples like Dash and BitSend, Obviously people based on it trying to make extra money.
Websites with masternode stats give only numbers, there is no any analytics. they also list coins those that are seen in advance that they have no future. It looks like closing his eyes for fraud
if the coin is brand new and masternode is for sale for 0.5 btc - i guess the reason is too obvious. and ROI, calculated from speculated price - just a good looking number. thats why all masternode stat websites are making $$$ right now. sadly this is the case for almost every single project. you still can make good buck, but need to be ready to dump any second. shame
ICOs with the following words don't get my money
Lending
Masternode
Gambling
AI investment
POW
*
Real companies with a real product and these words (POS & Dividend) get my money.
Lending
Masternode
Gambling
AI investment
POW
*
Real companies with a real product and these words (POS & Dividend) get my money.
It's a fast-growing part of the crypto community.
I find many coins have ROI 1k up to 9000%. It can't be possible. Coins just created but have a high price.
So the way is next
Create coin with all of the features. sell the amount of your coin required for masternode, usually, the price is around $10k. Return on investment is 10-25 days. I am not sure does it anyone buy with that price but I guess somebody ran.
There is a problem, after a week or two, most often after the first listing on the exchange price dumping because of nobody wants to buy this coin. So if someone buys masternode there is no xx thousand % ROI. It's a much longer return if at all possible
I find many coins have ROI 1k up to 9000%. It can't be possible. Coins just created but have a high price.
So the way is next
Create coin with all of the features. sell the amount of your coin required for masternode, usually, the price is around $10k. Return on investment is 10-25 days. I am not sure does it anyone buy with that price but I guess somebody ran.
There is a problem, after a week or two, most often after the first listing on the exchange price dumping because of nobody wants to buy this coin. So if someone buys masternode there is no xx thousand % ROI. It's a much longer return if at all possible
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