Post
Topic
Board Altcoin Discussion
Re: PIVX: Who got rich from this?
by
generalizethis
on 24/03/2017, 01:20:07 UTC
I made 372k$ from this today alone. Feels like winning the jackpot in casino.

Did you cash out $372,000 in BTC or fiat? Until you do, it is not a realized gain. Is there enough liquidity to cash out.


@thejaytiesto, just when you get jealous and bite, that will be altcoin that goes to 0 and you lose it all. IMO, you can only invest in your convictions. If you believed in a Dash-clone, then you invest. There are apparently professional groups that get together and pump coins. Perhaps @JudgeDredd_ is one of them. Why else would he have invested so much in such a risky altcoin.

I didn't invest in either Dash nor PIVX, because for me the masternode concept is a very flawed technology.

I don't have good advice for how to play in the speculation area. It feels and looks like rolling dice or getting involved in collusion. If our efforts and energies will be expended on those activities, then altcoins will never accomplish anything important.

Actually I'm buying this out of spite for dash and their continual mantra of "No one cares about the instamine." And yes, the staking system will likely create equivalent centralization over time, but I can wait and will move on when that day comes. Until then, it feels real good to put dash's clique of masternode operators into a prisoner's dilemma with each slot PIVX rises on coinmarketcap.com Wink