Quote from: binary0x01 on October 21, 2017, 07:41:41 PM

Quote from: coinmaster30 on October 21, 2017, 03:49:27 PM

BUYER BEWARE

This is a classic ponzi scheme. There is no real use for this coin so the only buyers are people who are wanting to run a master node. When there are too many master nodes and ROI goes down to nothing there will be no more buyers left for this coin and everybody will be stuck and unable to sell. The only people who are making anything are the ones that got in early and are selling into the people buying master nodes. You have been warned. caveat emptor

This can be true, however, there's already over 80% of coins staked to run masternodes, so there just is not enough coins in circulation to pull off a scheme like you are describing. Maybe if there were 20% of coins staked, then yes. The way it is right now, you are safe in running masternode(s) and keep mining the coins, it will take a while before there's any real danger of this coin tanking.

One way it can tank that's highly unlikely (since 80% of coins are staked...), is if the majority of people with masternodes (those making up the aforementioned 80%), sell off their coins.

Also keep in mind, this coin is only over a month old.

Cheers...

if there's no other value for the coin, then the only people propping up the price on the markets are new people buying in to get masternodes. Eventually ROI will drop and there won't be any bids in to buy, price will crash and all the coins that are staked in masternodes will be stuck and won't be able to sell. There's numerous cautionary examples out there of this happening.