August's Steemsilvergold Crypto group buy- 4 days to Pick a coin/token
We are coming up to that time of the month again folks. It would be time to start arranging a new #steemsilvergold crypto buy for August. Im going to suggest a long shot for this month that could pay off big time. I would normally put out a few suggestions but i have noticed that we work better as a group to make our monthly selection. As this is a suggestion posti will not be including the finer details. We all know the rules by now and if not, they will come with the buying post.
3 Things that never change
- Buying post goes out on the 13th every month
- Money is collected on the 20th of each month
- I make a post on the 21st to confirm the buy is complete
This Months Suggestion
I am going with a complete wild card here with this one. Its called Condominium (CDM) Now to be honest, investing in this coin is a different cattle of fish all together comparerd to the rest which we either hodl are stake. This is one we would be using to fund other projects. You heard that right, fund other projects.
To get to the point, This is a super new coin ranked in around 1500 on coinmarketcap and masternode can be bought for around $500. Better still we can run part masternodes from a website called StakingLabs(This is an affiliate link). You can see from here that the rewards are insane. I put 10,200 into a masternode and have already received around 1400 in masternode rewards in 3 days.
Do not get me wrong here and think i expect these sort of rewards and profits to last but it is a new coin gaining ground purely because its paying out 1300% per year and the price of the coin is still growing. I would expect lots of people to jump on board and masternode payments to dwindle quickly, i mean like over the first 6 months anyways. I would suggest we take advantage of this and use these payments for fund some other stuff. Based on 1 masternode we would earn £1200 per month ( ko ko crazy), we could build another complete node and buy for example 50 EOS are 24 Neo based on todays prices. Its sounds crazy but even if it goes to plan to for 1 month, we are winning. If the price doubles, we are really winning.
I think its worth a punt, who's with me?
Brand new listed on marketcap 10 days ago
Just to show why im suggestions it
I also understand this could be a bad scam but if it a scam, we are still getting in super early. Always trying to find that edge folks. There are lots of new masternodes that pay out 1000% and there has to be a catch. I dont see it, rewards can be withdrawn at anytime and exchanged into BTC. Anyways, i dont think it is a scam but it's crypto and we need to be aware bad things happen more than they dont. Please only invest what you can afford to lose as always.
...just take my money!!!
Very good idea uk, best thing about it is they have another collateral update next month, masternodes goes to 100k and the rewards are supposed to go to over 3k daily!! Get in early!! I’m down!
Im thinking reinvest from teh 1st until the 15th and just collect the rest of the month in the reward wallet to cash out and buy some other stuff for free. Little bit of both reinvesting and cashing out.
I might need to open another account with stakinglabs as i would like to keep my seperate. I shame google and see what the terms are for more than 1 account.
And yep, i seen the payment actually go up which is more madness. This is be the lambo coin we have been waiting for
Shit just got cut in half for CDM......
That was due to a wallet resync, it should back to normal within 24 hrs
Coming back slowly!!
If it's good enough for Willsparks, it's good enough for me. Let's get it done ASAP!
I had to double check if i put his name into the post are not, lol
I'll prob just pay £ for this one, maybe £40-50.
I already have over 22,000 staking in a masternode, and rigging up the Raspberry to run one too ;-)
So you are getting good rewards and have plenty spare to join the group buy 😎
Im currently just reinvesting everything. What's your game plan, reinvest, withdraw are abit of both
Reinvest till I can throw 50K in my own masternode, then after I get 2-4 nodes, use rewards to buy Steem.
Thank you for your continued support of SteemSilverGold
@silverstackeruk, any news about the masternode we bought? I am curious...
The smartcash one? Here... the most recent one from a few weeks back is named SSG-Node02 (Just as i write this i get a pop from the smartcash wallet, we have got a node payment, lol)
I only have a little bit, so I am down to get some more and get that passive income. Count me in ssuk!
Sweet. You also down to reinvest half and withdraw the other half to fund other things?
Oh yeah! Those were my thoughts exactly :)
In like Flynn buddy. I don't mind a gamble on this!