Quote from: P4man on December 22, 2016, 06:08:13 PM

Quote from: aigeezer on December 22, 2016, 02:22:05 PM

Quote from: P4man on December 22, 2016, 12:41:01 PM

I mine all kinds of shit coins, but I dont believe or invest in them. And if mining coin X is no longer profitable, I switch to something else. Expect a similar behavior from master node operators.

Not everyone sees the world as you do.

Day-trading and coin-hopping are my idea of a wasted life. Busy, busy, busy, pushing all those tokens around. To each his own. Wink

Im doing neither myself. My point is, I invested capital in mining equipment and look to get the best return. The coin that a script selects as most profitable, enables me to do that. Which one that is, doesnt interest me one bit, I probably know nothing about it. I just care about the daily mining revenue and convert that in to some currency I do believe in.

Im sure a lot of people see dash master nodes the same way, like mining machines that dont require a ton of running cost. Like Hashtakers and Prime controllers, remember those? You invest a non trivial amount of money, to get an expected x % ROI. Which works fine as long as dash value is stable and certainly if it goes up. Which it did for quite some time. Not surprising, if people have to buy 1000 dash per node, and today what, >70% of all Dash is in such nodes?
that must have created quite a lot of demand.

Anyway, at some point, the number of new master nodes will level off, as the ROI decreases and the required investment keeps going up. THis will dramatically reduce the demand for Dash, most likely resulting in a price drop. Now you have a problem. A lot of capital was invested in those nodes, owned by a lot of people who really dont care about Dash but did expect a high ROI. If just a tiny fraction of them begin pulling out, the price just has to tumble and cause a snowball effect, and I honestly dont see where the demand is going to come from to keep the price from utterly collapsing.

Wow, this is so funny. People like you are so myopic in their point of view and see crypto only as an investment. But Dash's goals is to be USEFUL. To be a currency. You've just explained why not all coins will end up in Masternodes, which is a GOOD thing. For Dash to act as a value of exchange, it has got to have volume / liquidity. Like Bitcoin, at 8 years of age, things will be volatile until it reaches a market cap that is high enough and an ownership spread wide enough to make the volatility low enough to count on / plan with.

And you know, big holders have dumped, and dumped a lot of times. And yes, the last time, it drove the price from around $14 to $9 and started the trend which went into the $7 range (didn't it go that low recently?) Most of these people are people I really like and I hope they bought back in when it got so low, and that they've cooled off on what pissed them off so much (usually feeling like they are not being heard, which is understandable)

Anyway, I think for a lot of "Dashers" we are here at an idealistic level. We are here to change the world, and be a part of a movement that will take decentralization as far as it can go while being as useful and easy to use as the legacy Fiat system. Sure we hope to retire off a good investment, but it's the excitement of making a difference that pushes us forward!

Oh, and ditto on anything and everything Toknormal says ^^^ He actually understands the market, unlike me Cheesy

But good luck with your investments