Topic: Trying to Ride the Wave of Masternode Coins (Read 57 times)
Use the forum search. I saw several topics in which there was a comparative analysis of crypto-currencies based on masternodes and their profitability
Over the course of my time in crypto, it seems that altcoins appear in droves, and often in topical order. And I think it's largely based on when people see a certain type of coin taking off or having more success than others at a certain point in time, they want to copy (or clone... 
) it and ride on the back of its success. So trying to ride on the back of Dash's success are now hundreds of MN coins. Of course if we could all afford a Dash masternode, I think we'd be done here
So as I have been trying to expand my footprint in the MN arena, it can be almost overwhelming at times trying to sift through all the crappy MN coins (anyone up for another 80%/20% MN/POS coin with ROI so high it has its own orbit around the earth? I'm thinking we can call this one HitAndRun, or maybe LookAtThatDevGo). Some of the criteria I use to sort coins that have a few months under their belt is trading volume, size of the community, the purpose of the coin beyond the simple generic benefits of the type of coin (yes, I think we all know now that crypto-currency is decentralized and "secure"--well, except Ripple, but you know, whatever.
). And then there's checking out the dev, to see if he's actually coding and working on the coin or just plugging away at his next clone, I mean, you know, a dev's gotta pay for his eight vacation homes somehow.
What are some of the criteria you use to sift through masternode coins? Do you ever risk investing in brand-new coins, or do you stick to coins with more history?
) it and ride on the back of its success. So trying to ride on the back of Dash's success are now hundreds of MN coins. Of course if we could all afford a Dash masternode, I think we'd be done hereSo as I have been trying to expand my footprint in the MN arena, it can be almost overwhelming at times trying to sift through all the crappy MN coins (anyone up for another 80%/20% MN/POS coin with ROI so high it has its own orbit around the earth? I'm thinking we can call this one HitAndRun, or maybe LookAtThatDevGo). Some of the criteria I use to sort coins that have a few months under their belt is trading volume, size of the community, the purpose of the coin beyond the simple generic benefits of the type of coin (yes, I think we all know now that crypto-currency is decentralized and "secure"--well, except Ripple, but you know, whatever.
). And then there's checking out the dev, to see if he's actually coding and working on the coin or just plugging away at his next clone, I mean, you know, a dev's gotta pay for his eight vacation homes somehow.What are some of the criteria you use to sift through masternode coins? Do you ever risk investing in brand-new coins, or do you stick to coins with more history?
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