No that isn't meant in some religious way, I am referring to the potentially awful investment that is Arc! A lot of people look superficially at crypto currencies and don't do due diligence before investing. Arc (not to be confused with Ark) first came to my attention on http://masternodes.pro and at first glance you might think to yourself that it is a license to print money. First your eyes will most likely be drawn to the ROI of 189.14% and the cheap price of $110 for the "masternode" (it isn't really a masternode, its more like PoS).
Well first of all, Arc is not viable, with a coin supply of 23940935 and with a lack of demand, even if a handful of people start buying up Arc with the intent of setting up masternodes, there are not enough active buyers to buy the massive 198% ROI that will flood the market. Which in turn will devalue Arc to the point where your ROI diminishes all the way down to 0%.
Arc has been pumped and dumped a few times in it's history, which will make some people run away and some people come to it, which in turns means a disproportionately high level of investors could end up either pump and dumpers or people trying to make a quick buck from pump and dumpers. This is a problem for the long term stability of a coin and will give the coin a bad reputation. This is a risk for any people who plan on investing long term in a coin.
The forums for Arc are all in Russian, this is a problem of varying levels depending on your views. If you have a natural distrust of Russia then this is a deal breaker, but for people who care purely about profit, like me, I don't like not being able to read and participate in announcements and discussions about a coin and can be an issue for troubleshooting, especially for a coin with very little participation.
I could be wrong, nothing is ever sure in crypro, but for me Arc is a no go. There are too many points that I see as a problematic and the general lack of interest makes me conclude that Arc is a shitcoin. Let me know your opinions on Arc and add more info in the comments section!
Happy Investing
Viking
