To redpill- it is a master node coin, was one of the cheapest coins where you can buy enough coins to run a masternode which then pays you= no need to sell as your making money. (1000 coins)
Highlighted by youtuber 'high on coins', masternode coins are the most bitcoin resistant as whales and large holders are not motivated to sell as they lose their masternode.
- He mentioned it as a way for everyone to make money and survive the bitcoin crash, everyone buy enough to run a masternode (1000 coins) and simply do not sell no matter what until it reaches 100$ a coin and even then only take it out a bit at a time.
- to take profits you do this by running the masternode, or by selling a small percentage of your holdings, if everyone does this, the price will only go up as the supply is choked by holders.
- then other youtubers and other holders are promoting it causing further gains.
- the holders are largely split up by a large number of smaller time people and not whales (yet) so it's kind of a pump group where nobody dumps.
- do not buy if you are just looking for a quick gain or you will ruin the coin and also at this point the coin may dip as it's already rocketed and some are bound to take out their gains at this point, so maybe buy it when it next dips, or just put in money you don't necessarily need so you aren't forced to panic sell, ideally everyone should buy enough to run a node though as then you can make passive income and not worry about prices until all this bitcoin shit is over with
It's a pump and hold, baby. The latest craze. Forget those pump and dumps. Those are so last month.
>>2776588
>one of the cheapest coins where you can buy enough coins to run a masternode
>whales and large holders are not motivated to sell as they lose their masternode
>>2776629
>Pump and hold
By whales in this case I would mean someone with maybe 10k, it's mainly bought up just by hodlers and not individual or a small exclusive group of whales