Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
I'm seeing 3403 Masternodes at the moment. Smart traders would have traded MN's and bought and sold on the pump, making enough to buy further MN's. That was my strategy and it worked well. Wither the price is 0.005 or 0.02...these are all short term prices. Ride the pumps and make those that don't wish to hold pay for it.
Edit: In my case I did not have to sell my Masternodes...I sold every one of the BTC I had.
and I got rewarded big time. Actually "ride the pumps" is the opposite to "hold" since after price reaching the peak it's unprofitable to hold and host MNs for a few months until the price reaches the bottom again.
Sorry, What i meant was someone could sell a portion of their MN's at the "pumped" price for BTC....then buy back in a few days later and acquire a bunch more DASH and, like in my case, be able to buy addition MN's. The risk in this of course...not being able to buy back in and recovering your Masternodes. I didn't have the need to liquidate my Masternodes...but I'm sure there are a number of MN holders that saw the unsustainable fast price rise of DASH as an opportunity. I'm hoping this shakes out some pump n dumbers out of the way now and tighten things back up and continue our hopefully much slower price rise. I never believe its a good thing to see rises of 30% plus in a couple of days...for any commodity or currency, period.
The problem is, I'm always scared as heck to sell them, unless I absolutely need to. And when the price is rising, I don't want to see for fear I will not be able to get them back. There is no way I'll sell any part of my masternodes. I won't gamble on them. On the other hand, we went to the horse races today and I won $25 - that is, I left with $25 more in my pocket than I came in with
