Why Im bullish on CBS and why Ive been increasing my stake (i.e. averaging down) whilst the price is currently low.
1. Good Devs. Ive had other MN coins and NONE have been easier to set up than CBS. I attribute this to the excellent work the Devs have done with the CBS install script and guide which gives me confidence that the Devs can deliver future success.
2. High MN % Returns. Most MN coins only have 50% MN returns. CBS starts at 50% but increases to 75% where it remains until all coins are mined/minted. This ensures profitability is high/er when more MNs come online. This makes it fairer to future investors and should improve future demand, and thus value.
3. Excellent Profitability. When you actually calculate profitability, very few MN coins come close. Assuming someone purchases a MN (i.e. 1000 CBS) on 1/3/2018, I estimate that within 12 months theyll have 5,229 CBS, which increases to 19,450 CBS after 4 years (assuming no coins are sold and new MNs are setup). It doesnt take a genius to imagine the profitability, particularly if the value of CBS also increases. Heck, even if the price falls CBS will still be profitable long term. Obliviously, profitability is dependent on the total number of MNs online. That said, I believe Ive been quite conservative with my estimated number of MNs online (consider that DASH only have 4,600 MNs in total whereas I estimate 11,204 MNs after 4 years). For more info see
https://postimg.org/image/c8a1cas374. The current price is simply a reflection of overall market sentiment. You could argue that CBS has dropped significantly more than BTC these past 2 weeks, but given the age of the coin (i.e. 30 days) you would expect more volatility than BTC, particularly when you consider the low liquidity.
I personally believe that long term CBS will deliver profits to investors however, dont take my work for it; do the math yourself. If anyone wants to interrogate my inputs and assumptions, please send me a private message and Ill send you my profitability spreadsheet.
Long story short, ignore the FUD.
Sure, but of course as a MN operator - you would say all that wouldn't you? FUD is your enemy. I have never had a MN but I am considering buying into a CBS one..
Thing is, I would have to sell a couple of ETH to do it and I really want to HODL my ETH!
Man it's hard to gamble successfully isn't it? All the guesswork and faith involved gives me plenty of my own FUD.