ChainCoin
ChainCoin is the cheapest way to make a masternode
Yes...don't bother to comment...I know about the recent month pump and dump....about people losing money.. yes, I am not here to argue that.
Well ....I will start with the fact that we are all here with one main goal, and that is TO MAKE MONEY.
We are buying in early in an unstable young crypto market hoping to get rich when the coins we buy go on the big market.
To do that you need to be objective about the PRESENT situation, and not linked to the past.
I know a lot of people not buying ETH at 50$ just because "It was 10$!!".
So what is the PRESENT situation of ChainCoin really? + and -
First the "+" of ChainCoin:
- very old coin and already well distributed
- cheapest to make a masternode, about 200-300$ at 0.2$ current price. Much cheaper than Dash or Pivx, can not touch those if you are not already rich
- started to move, new wallet, the price started moving up a bit today ( 0.17$-0.19$) even with the sell pressure present from the people scammed with the recent pump and damp.
- at current 20 cents price it is a small amount of coins in circulation (15 million) compared to Dash(7 million) or PIVX (49 million). Market cap of a coin is divided between the coins....the fewer = the more expensive.
- this architecture of blockchain with masternodes is going up in price the last few month....PIVX... DASH...
Now the "-" of ChainCoin:
- recent pump and dump to almost 6 $ killed people's trust
- also the pump and dump left a lot of people with many coins and waiting for a little bigger price than 20 cents to sell to minimize loss. Waiting for the "selling wave" to end, or how it is called sometimes waiting for "the dead cat bounce"...(is it dead? :)) )
- development team abandoned the coin for years until this summer.
We all know what is the incentive of any development team.They get payed (like Dash) or they hold a large amount of that coin.
Here comes my speculation and the arguments
A lot of people are interested in "making a new coin like Dash or Pivx" because it is clear that they are demanded.
But why make a new one when there is already one like ChainCoin?
It is:
- already distributed
- very cheap because of the recent disappointment of the recent pump and dump
- old on the market
- listed on Cryptopia
All these 4 things cost money and effort to make. And they are rewarded to the "maker" by the value of the large amount of coin he or they hold ...when it goes up.
But wouldn't it be cheaper to "buy in " Chaincoin? Just buy that large amount that they plan to hold. And it's cheaper than to pay effort and money to do that 4 things listed above for a new coin. Just buy at this cheap price and takeover the development from there. This is what I think happen....this explains the new wallet, the small increase in price on this "sell pressure".
Dev. team abandoned the coin for years. So what? That were not good times for masternodes...now ....they are on demand. And even Doge started like a joke...
:))))Possible outcome:
- If I am wrong it will go down (not very far 'cos it is already down :))) ).
- If I am right...it will go UP!!
Make your choice. :)). And support the consequences !! :))))
1.Loose an opportunity or 2.Avoid a loss....which shall it be? :))
Whatever you choose I wish you good luck!!!!
You get 3% PRICE DISCOUNT when purchasing hashrate from Genesis by using the promo code : qa4zyl
Nice price rise on CHC today +27% Got burned by this one myself bought at 0.00027 not too high, I wanted a masternode didn't buy into the whole hodl movement but if that increased the price all the better. Only worry is there are a few Masternode coins now so are some a joke not going anywhere? a lot are saying that about CHC. Anyway with the fork of BTC I wanted to diversify into the ALTs and though CHC was a loss I have done well with other coins.
We will just have to wait and see. My point is that it seems cheaper now to "buy in" CHC than to make a new coin from zero and bring it here (seeing things from some team planing to launch a coin point of view). But my interest was also to make a masternode and play a little with it...Worst case scenario..... how much can I loose from the 200$ I put in :))? 50? 70? Worth just for having my own masternode and playing with it. :) I mean...I loose and win more trading different coins each day, spending 100-200$ for having my own masternode on a functional blockchain with a "just updated" wallet....is nothing.
No, thanks. Am am not in referral pyramid architectures :) . Just trading