Reserved

Masternode is a full node of a cryptocurrency and it keeps a full copy of the blockchain, just like a wallet. But it's different because it performs other important functions like helping perform private and instant transactions, enbling governance, voting, treasury and stuff like that. It takes a certain amount of coins to be locked in the wallet to set up a masternode and it generates rewards (much like staking). Currencies that have such functionalities are called masternode coins.

Hope that helps.

I am holding btc and just a few ICOs that I am still profitable on. I sold most of my other stash at break even so I can buy lower. If you still believe in the project, it's bets to hold even if you are in the red and continue accumulating and decreasing your average buy in price.

I for one would never sell my btc at the current price, so that lunatic investor would never get all the btc in the world  If that ever happens, bitcoin will lose its purpose of a decentralized currency, so its value would drop.

I've heard many horror stories of people getting beat up after they've sold btc face to face..and had their money (and btc) stolen. You need to be extra careful and meet in a public place and/or hire a private security if it's a considerable sum of money. I bought btc face to face many times, but I had recommendations from a few friends that the sellers were legit. So yeah, it can be done and people are doing it to avoid being slapped by banks, but you need to be extra careful.

With so many masternode coins out there, which ones do you think are the best to invest in long-term?

Tread carefully along the masternodes path. We have an invasion of new masternode coins springing up like mushrooms. Many of them turned out to be cash-grab scams that ruin the very concept of masternodes which is to support the network stability, speed and anonymity.

People are abusing this genius concept and make it all about ROI. What they don't understand is the most stable masternode-based coins have a very low ROI with many active nodes supporting the network - and that's precisely what makes them valuable longterm. So if you really want to invest in masternode coins, make sure you choose and old, established project with a realistic ROI and many active masternodes. This reflects a more stable coin, an active dev team, more investors, a bigger community, and better long-term potential. Hope that helps.

Depends on your knowledge. If you're a noob, then day trading is nothing more than gambling. On the other hand, there are people earning millions day trading using their skill and experience.

True there are many scams, but there are also legit masternode projects out there worth holding long term. I am personally invested in quite a few of them.

The unprecedented invasion of masternode coins was the inevitability bound to happen. New coins spring up like mushrooms every day with many of them unfortunately being cash-grab schemes or just plain bad projects with no innovative vision or purpose.

It seems like the key purpose of the masternode has been distorted. Masternode-based blockchains are stable, ultra fast and often anonymous, so why do we need to make it all about ROI? Investors are flocking to buy new masternode coins in presales because the fewer masternodes there are, the bigger the rewards.

But does it ever occur to them that a network with a lot of masternodes reflects a more stable coin, a more active dev team, more investors, a bigger community, and long-term potential.

Partly, it's the developers' fault because very few of them launch coins for the technology's sake. They set high collaterals to attract presale investors looking for high ROIs, but at the same time demotivate smart, longterm investors who don't panic dump their coins every time the price drops by 10%.

There are coins with less than a dozen active masternodes, but devs still boast about active development and value on exchanges. What people don't understand is that coins with more active masternodes have a more stable network and a better longterm potential. It's not all about the daily ROI. Dash, for example, has a measly MN reward of around 7-8% PER YEAR, but more than 70% of its supply is locked in masternodes. That's a true definition of a stable network.

My point is that masternode-based blockhains are a genius idea and we are ruining it for the sake of money. If I were to launch a masternode coin, I would set a very conservative collateral to attract smart, long-term investors who would support its value and keep the network stable for years to come.

I know it's too much to ask, but lets try and make it a mission to NOT ruin the genius concept behind masternodes. They weren't invented only for the sake of rewards.

Yeah it's riskier, but with greater risk comes greater reward. Top 10 cryptocurrencies are the safest to buy, but more money can be made with low caps. There are some great projects which lack marketing beyond top 100, if you play your cards right and buy the right ones, you'll be laughing your way to the bank.

We're in a bear market now, so legit projects are far from their all time high. Pretty much any good coins in the top 50 that you buy now will give you at least 2x when the bulls return. Don't overthink this..when the whole market is red that's when you buy old established coins. Some of the coins I think will do well soon are icx, drgn, ethos, open (not financial advice).

You would be surprised to hear that crypto influencers are no better than an average crypto trader. Give Ian Balina a bitcoin chart and let him dissect it and do technical analysis. Let me tell you...it would be hilarious.

These guys are ordinary marketers with easy-to-follow and catchy presentations...that's how they got their huge following. You think Tai Lopez knows crypto lol? Yet, he's everywhere presenting himself as an expert. Most twitter influences you follows only publish their winning trades and people think these guys never lose...you would be surprised!

I personally know many expert traders and let me tell ya, these guys are nothing like the guys you follow on twitter or youtube. So my advice to you is to learn technical analysis, go out there lose some money, learn from mistakes and become a real trader. Don't listen to anyone else.

Most signal groups are run by people with hidden agendas and dump their coins after they publish signals. They're like a more ethical form of pump&dump groups. Plus, by the time the signal reaches you, chances are hundreds of people have already bought in, and you will be chasing pumps. I am not saying that there aren't legit groups out there, because there are, but it's always best to learn technical analysis and make decisions on your own. Lets not even talk about the fact that most groups are run by noobs who only steal signals from other groups...

And how do we know that he didn't invest? Because he told us so? Because he publicly announced that bitcoin is a bubble? The richest people in the world are the biggest manipulators. He knows that his public announcement will dissuade many people from investing. I wouldn't be surprised that he's deliberately manipulating the market and investing under the radar. He knows money and he is too smart to miss out on the biggest money earner in the history of mankind.

Lets leave the man alone already..what's the obsession about? Do you think that discovering his identity will help bitcoin? On the contrary, I am sure bitcoin would lose its credibility if we knew who created it. Bitcoin is bitcoin because of its anonymous creator.

I'm a medium term hodler. I choose solid and legit projects to invest in (usually ICOs) and hold them till they release the main product or any other news that creates hype. I got burned several times and lost a lot of money for selling too early.

Apart from the obvious choices like btc and eth, look into ethos and open. I am holding these 2 gems for a few years (not financial advice). Both projects will help bring crypto to the masses and they have real use-case utility, which is very important for the survival of any coin/token. if it doesn't have utility, it will eventually die.

Its the utility that makes it valuable, that's why so many coins will eventually die and be replaced by coins with actual real use cases other than money making machines for devs and coins being traded on exchanges.

The fastest way to get rich in crypto is to invest in ICOs..it's a risky move especially now when most ICOs drop below ICO price when they get listed on exchanges. However, there are projects that still do well despite market conditions. If you invest big in an ICO and it does 100x (which happens often), you're be well on your way to a carefree retirement my friend.