Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MGN] | 🚀MAGNA COIN🚀 | MASTERNODES | ZEROCOIN | ATOMIC SWAPS [ANN]
by
wyz77
on 17/01/2018, 06:09:27 UTC
So going by the stats it says there are 152 masternodes. Coinsmarkets has been down for a long long time and chances are that all masternodes have 1000+ coins earned during the time CM has been down. So that's 152,000+ coins potentially for sale as soon as it's listed on a new exchange, not factoring in any of the retards selling in the crypto downturn we're having at the moment. Anyone wana have a guess as to what this is going to do to the price?

You need to understand there needs to be growth and faith. So as the coin grows, those that are on board will grow in faith that the coin will continue to grow and add more and more features to become something and not just be yet another waste of time/effort which most coins will probably become. If for example a coin is only listed on one exchange and that exchange goes down for a seriously long period of time, faith in the coin starts to disappear. You start to ask the question, do I have 10k+ tokens that are worth as much as the money I just made robbing that bank in Grand Theft Auto? Add to that if a whole heap of coins all of a sudden get listed for sale and the price crashes, what does that do for the faith? Do you see the dilemma?

All you need is for stocks.exchange to get inundated and over capacity and bam we're right back here where no one wants to be. You might think spending all your time developing a coin is everything and all that is needed is to have the product, but if you're don't get listed on more exchanges and the price dips, that faith you are trying to build starts to dissipate and those that might of HODL their masternode through thick and thin might start to think another masternode coin could be a safer bet in the long run, so they sell up, price drops which then makes others start to question their decision to be involved in this coin.

Just something for you to consider. I want this coin to succeed which is why I put my 2 cents in.