I agree with this, when the price was low the masternodes were not that profitable, I remember someone telling me that when they first started with their masternodes it was a loss maker initially.  Now since the price went up so much the profit in them is well above cost for now.



OK, here.  Now I understand where you've gone seriously awry.  Let's pause here a moment and dissect it for you.  For some reason you think your government's tax department got it right how to tax MNs rewards and using their faulty accounting you apply that to the network and come up with 2+2=5.  I see that now.  Let's fix that for you.  The govt says that coin your mnode mints at the time it spits it out is instantly your income at market rates.  Now hang on a second.

• 1. Even if you wanted too, you can't sell a mined coin until after 101 confirmations.
• 2. It has no value til it is sold.
• 3. You don't know what the market value of that coin is until you execute the trade are a matched with a buyer.  We have liquidity issues, panic pumps and panic dumps, the ticker price of DASH is just an estimate, the actual price you will only ever know until when you execute the trade.

To give you an analogy that might help, a gold miner recovers some gold from the ground, Her Majesty does not declare that those gold are immediately deemed as income, instead the gold is refined and SOLD on market at which time it is ph ucking income.  Furthermore, the government classify cryptoCURRENCIES as commodities because they are terrified of losing control of the fiat scam, but in doing so, they must tax it as though it were a commodity which is valueless until sold!  Instead they are treating it as though I paid you in pounds for services rendered, that is not what is going on here.  I am (the network) paying you in clams that are valueless until such time as you convert them for actual money.

You've made a mistake here by not recognising that DASH is not money in the eyes of the government which accounted for in pounds, dollars, or whatever the case may be.



Now onto the discussion of costs, you claim the masternode network costs $300M per year at $1000 DASH, but it doesn't,  the hosting costs are far less than that. What does cost that much is the mining which you've said here is barely profitable below $100 USD per coin.  So, miners are forced to sell to pay for electricty (the major expense) and for that we get an abdundance of network security over and beyond what the network actually requires.  So, DASH's electric bill if you will is very large, it is like we don't turn off the lights in rooms we are not using and heat the pool all year round.  Ie wasteful.  OTOH the mnode network is quite efficient, MNOS have the ability to save a large amount of their reward, so as history has shown, the price is largely dictated by the mnodes.  Now here's the thing that you don't understand at all about investing/trading.  It is all a confidence game, if the MNOs are feeling confident and bullish, they will hold back DASH in order to sell it for more later (greed).  OTOH if they are feeling bearish, they will preferentially sell now for fear that future prices will be lower.  The MNOs have this option because a large part of their reward does not need to be cashed in for expenses.  This makes the price of the coin far more volatile than others, eg Bitcoin.

Understanding the psychology of the market is front and centre in understanding the price moves, you've simply drawn the wrong conclusions by over thinking it .  You'd think someone that has been in this space as long as you and dealt with a thousand morons like purplelardo would know this space is far less sophisticated than you think it is.

Here's the thing, look to the confidence in the mnodes to see if the price pumps.  If they are confident, the price will pump, if not it dumps, everything else is a diversion.