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Why I invested $10'000 into PIVX cryptocurrency

Discussion in 'CryptoCurrency' started by small_town_boy, Apr 14, 2017.

  1. small_town_boy

    small_town_boy Power Member

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    After my initial success with Ethereum I decided to look for the next big thing and have concluded that investing $10'000 into PIVX might be a good idea due to several reasons.

    After doing research on PIVX I decided it could provide a good return due to several reasons:
    • It is a fork of DASH, but with dramatic improvements. And DASH has proven its worth by being listed a few days ago on Kraken.com, one of the biggest exchanges that lists only reputable coins with a solid dev team and technology.
    • Unlike DASH PIVX was not instamined. Many people are kind of put off by the instamine which happened with DASH. PIVX is clean in this matter and not a scam coin.
    • Unlike DASH in PIVX you can profit by running a stake and getting rewarded for helping the network. In DASH you can only do this if you run a masternode. In PIVX the maternode costs 10k PIVS to run, but you can easily stake with smaller amounts. I already earned PIVS in the first few days just by staking (having the node run in background). It does not interfere with my work and makes money while I sleep.
    • PIVX transactions are instant just like DASH. Test it out if you don't believe me.
    • $78,115,889 is the current market cap. For DASH it is $502,826,731. So we see the potential of doubling, tripling and quadrupling right there.
    • PIVX has a very active community on their Slack and good marketing. There are tons of youtube videos talking about PIVX already, so it definitely has the social game down.
    • PIVX has all of this and it hasn't been even added on Poloniex yet. All solid coins that get added to Poloniex quickly increase in value, so right now it is just a matter of time.
    • The support is quite responsive on their slack channel and listen to ideas in terms of promotion, marketing and adoption.
    • The development team is large and active.
    • The design, style and color scheme of PIVX is appealing and nice. They have good videos, good marketing and the technology allows mass adoption by supporting a large VISA scale network of rapid transactions (PIVX lives up to its name Private-Instant-Verified-Transactions).

    Will see how this works out. As a currency, it is perfect. Rewards for all people involved into staking (running nodes) is a great idea for money not to be centralised a
    And remember - don't invest more than you are willing to lose. Right now cryptos are in a bull market, but that might as easily reverse. I think holding long term is the best idea.

    To clarify, PIVX is one of the many coins I have invested in. Diversification is the key when comes to potential crypto profits. For example, I hold both DASH and PIVX. They are both good, but I think PIVX is better with more potential to grow hundredfold. An investment of $1000 can easily turn into $100'000 by holding in long term (~5 years or so).
     
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    Last edited by a moderator: Aug 24, 2017
  2. Thibault

    Thibault Newbie

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    Super interesting thank you.
    - Are you involve in that community or just an external investor?
    - Where to purchase some PIVX with US dollars?
     
  3. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  4. amoon

    amoon Jr. VIP Jr. VIP

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    many threads about CryptoCureency investing lately...if I remember well that PIVX price was 0.12 or 0.15....
     
  5. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Chart from Apr 13th to May 9th

    [​IMG]
     
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  6. Aluminium

    Aluminium Jr. VIP Jr. VIP Premium Member

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    Do you think it's too late to invest? I heard of ETH a bit before it blew up and regretted not dumping some money into it lol
     
  7. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    I would wait for the time being, it seems to be falling at the moment, I would wait to see how low it goes then maybe have a punt.

    All these coins follow a similar pattern, if you invest at the right time you can make some money.

    I am not an expert but my view is older coins are better to hold for longer term, newer coins if you get in early enough then get out at its peak.

    No matter what people say, these aren't traditional investments and you should treat it like gambling, only invest what you can afford to lose.

    If you have $10000 that you would be wiling to lose at a casino then I would say have a go at cryptos, if you really need that $10000 or it would be better invested in your business then I would stay clear.

    Remember, all the stories of people making good money are just one side of the story, more people are losing money through following the wrong people, making bad decisions.
     
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  8. Aluminium

    Aluminium Jr. VIP Jr. VIP Premium Member

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    Very true - appreciate the insight!
     
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  9. James Tran

    James Tran Newbie

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    under $1.. I am tempted... trying to get verified.
    Im new to crypto/trading so i'm only going to start with 500 - 1000 because that's all im prepared to lose.

    appreciate the work op!
     
  10. isarns

    isarns Newbie

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    Op what do u think about what happening right now to pivx