Value is a very abstract idea. That’s why fear and hype dominate markets sending prices sky high during periods of FOMO and drives prices through the dumps during periods of panic. It happens every day on many exchanges. You cannot let emotions drive your trading decisions.
Sadly in the world of markets and especially in the world of crypto, new traders are eatin’ up and spit out, and worse, they find themselves bitter and alone. That’s business after all. I supposed there’s nothing wrong with that as everyone should know what they’re getting into, whether it’s stocks or cryptocurrencies, many investors suggest spending only 10% of savings/income on high risk speculation. I live a little riskier but we shouldn’t stray too far away from that number.
Enter the resurgence of ChainCoin, a cryptocurrency whose algorithms inspired DASH and began the movement of masternodes (a form of passive income). Masternode coins tend to perform well during Bitcoin dips and don’t always follow the same pattern of Bitcoin’s price like other major coins. Masternode coins have been holding strong during this minicrypto recession we’re experiencing, but one coin has consistently proven its worth day after day, and that coin is ChainCoin. So why?
Unique to other cryptocoins, aside from DOGE, a dedicated community led by @zedomax formed around the fundamentals of ChainCoin including its affordable masternode. One thousand ChainCoins will give you a masternode that spits out just under 2 coins a day now worth over $3 each. This potential for passive income, along with a growing community of people even willing to lose money to defend what they believe is the price of their property, creates a Trust between the members. Each new member is welcomed with like minded people, a steady price, and infinite potential to rise. We all recall the runaway rise of other coins in the past and the community is sure this is no different.
With this Trust running through the people of ChainCoin, Interest in the coin has soared everyday. More and more people are seeing the coin as it now sits ranked 50 on coinmarketcap, and this!- after an all out assault on the community by FUDsters, trolls, and even hackers who infiltrated their Slack and began banning members. It’s clear this coin’s potential has created haters, if that isn’t a sure sign of Value I dont know what is, so I guess fall back on the Trust and growing Interest.
This really is, a true multimillion dollar company where everyone actually cares about each other’s welfare. Everytime someone buys coins they support the community as everyone’s stake increases in value and its no hard leap to imagine communes and cooperatives pooling money together for joint owned masternodes or even masternodes funding public projects enriching communities worldwide. These coins could provide enormous worldwide relief especially to areas in the world with inflated currencies and hostile governments but crypto can’t seem to break out of this greedy egotistical “Pump and Dump” scamming that turns newbies away from crypto, and so also, helping their fellow Man.
ChainCoin seeks to end this sad reality and actually bring about the worldwide revolution in finance and banking that Bitcoin originally promised.
Hodl and Wall Everyone
Fellow Hodler in Morocco here and its true! This coin and it's movement has the potential to help many lives worldwide! Thanks!
Thank you. Indeed not only that but it also has the potential to completely shif the paradigm of how we trade. By showing people how trading should be.
Imagine if People did that in a country and protected the companies by all cost. lots of crisis would be avoided.
How cool! Is there a big Cryptocurrency community in Morocco? I'm a Norwegian/Moroccan, and have only taken part in the community here in Norway. (My Arabic isnt too good though)
I really like the way the community has rallied around this coin. I have no vested interest in it(at the time of writing this anyways) and the social media experiment going on with it. Networking people across social media platforms for the benefit of all in the community at the expense of the pump and dump whales. Very intriguing idea no matter how it works out in the end.
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Very good articles. It helps understanding the importance of a good community when it comes to a currency. Without the support we are at the mercy of speculators
Nice input, just raised my concerns on steemit in the form of a comment I made on youtube regarding this. Would appreciate your thoughts on these concerns! Would be great if you PM me or write a comment! Thanks!