Hello guys, what do you think about PIE today , any thoughts about 270 sat?
It's possible today reach 270-300 satoshi, but none of us have a glass ball to see what the price will be in the future
The market determines what the price will be
All depends on the supply and demand. If all the early adopters sell off now to make a killing then it may take time for the price to rise more but we purchased around 85k now but we are still waiting for how much is needed to run a masternode. I hope that it will not be more than 100k or 250k maximum otherwise it will be too expensive.
Also too many big sells on C-CEX need to be taken out first before it can rise.
All Math done here based on a Price of 1 BTC = $2650
100K TO 250K is way to much considering the available supply say 75 Million that would mean at 100K for master node there would only be a total of 750 masternodes available if all available coins are in masternodes.
Its not about how expensive or inexpensive the masternode will be it is about the sustainability of the network and with only 750 available I just cant see how that will work.
You are only taking into account the cost of the coin today lets say 250 Sats.
100K x .00000250 is .25 BTC or about $700.
250K x .00000250 is .625 BTC or about $1650
These prices for masternodes are ridiculously inexpensive if the price target is 250 Sats
Masternodes are about residual income and the backbone or DAM of a coin and raises its value since most would hopefully be tied up in masternodes. But at 250 sats there is no reason to hold 100K to 250K in a single masternode after you do some math even if a masternode earns 20% (probably closer to 1%) at max your yearly income would be about $350 so it would take approximately 5 year to see an ROI on a 250K masternode.
Even at 1000 sats this would only be about $550 annually to hold 250K PIE worth $6600 at todays BTC price which will obviously change
if it takes less coins to own a masternode then the price of the coin will rise accordingly just look at all other masternode coins.
Dash 1000 Coin Masternode 7500 masternodes available at todays circulating supply cost of masternode around $190,000.
PIVX 10000 Coin Masternode 5300 Masternodes Available cost of masternode around $18000.
CHC (Which is not a great example because of the drama there) 1000 Coin Masternode 15000 available cost of one around $700 and this coin has no support other than a HODL group.
I would think target for PIE masternode needs to be somewhere in the 10 - 15K range having between 4500 - 7500 masternodes available.
Even if price reaches 1$ that would make it 10 - 15K for a masternode which would still be a reasonable price for a masternode for a coin with development and a road map for the future.
Even Linda which right now is 6 Sats needs 30000000 coins for a masternode which is about $4700 and these don't even work yet
If this is implemented properly I can see the price easily rising to over 1$ especially if we can get on Bitrrex or Poloniex.
Maybe I am way off here but someone else please lets hear your thoughts.
