Post
Topic
Board Altcoin Discussion
Re: ROI coins offer a new era of crypto investment.
by
xinzer0
on 18/07/2020, 20:11:53 UTC
Last Thursday i downloaded the Energi (NRG) wallet, because it seemed like one of the most potential staking coins. Deposited 60 NRG (about 100 dollar) to see the workings.

Yesterday after about 4 hours of trouble shooting till late in the evening i finally got the staking functionality working.

So today i was hoping to see some staking rewards.... So after 24 hours of leaving my PC online... Nothing happens.. So i was getting more curious and started to read more on NRG staking percentages. (Probably should have done this before investing)...
What i learned was that if leave my PC online 24/7 for the next 130 days, i might get 2 NRG!! That will never pay for the electricity bill.. So what a joke is this NRG coin.. (number #113 on coin gecko)

So after doing some more researching on popular staking coins. They all seem to have the same mechanics which focuses on scarcity. They all try to make you believe that you can make some return on investment if you buy some coins and hodl them. But what they don't tell you, is that your chances of earning some coins drop by a lot when everybody starts investing in the same coin. Not only that you, will never know what your actual reward will be after a long period of staking (100 days  plus). So the only thing you can do to increase your chances, is to buy more coins... But when everybody does this or when more new investors join and start staking, your chances will still be the same (or even lower). Its like a barrel full of crabs all trying to get out but everybody keeps pushing everyone down.. The only ones who make returns of investments with these type of coins, are the devs and the Exchanges.

I believe this coins interest rates are not dictated by the amount you have in comparison to the circulating coins on the network. So with tiny amounts the rates are the same as with big amounts which is a lot fairer for the little guy. So yeah, there will be a lot of coins on the market and inflation will be high (like dogecoin). So this coin will probably never be worth one BTC. But this coin does have a fair change of becoming the replacement for Dogecoin.

My guess is this coin will probably not reach the same price as NRG anytime soon. But it is very possible to increase at least by 200% seeing its current price is at 2 satoshi and can easy jump back to 8 satoshi. So imo now is a  good time to invest..

And yes i have also invested in this coin and i'm mining/staking the coin and i want the volume and price to increase. Not just to make 200% profit! (which is nice), but also because i believe this coin is different!