Topic: Minexcoin - A new era of payments - page 254. (Read 646788 times)

No the main problem is wrong expectations from the investors. Everybody is judging while the eco system required to create demand is not even in place. Even if not directly stated in wp. Everybody with some common sense should be a able to see that parking rate adjustments won't work when majority sells and not buys. In wp or memorandum it was asked to refrain from trading outside the 5 percent corridor probably because of this. If people just had the patience to wait for the demand to be created the price wouldn't be in decline. Yet nobody listened and people sold anyway. You can't blame the team for the dumb people that sell. They did everything. Remember they were spending 150.000 MNX a month on interest payments.

I think they did a smart move. Why spend so much MNX when clearly the majority of holders only use it for short term profits. The rate drop weeded out some of this people. And the current decline will take care of the rest. A solid foundation of long term investors will be realized, coins happily bought for cheap by the long term people. Eventually we will see an ip rise in price again. The lower the price the more coins can be doubt for thr same amount of money. We will eventually start to see nice big buy walls

And tell me how is this project 80 percent scam when the team is funded through Boris his personal funds and the teams coins remain untouched?  The dedication Boris has to this problem is actuslly a clear indicator to me that the coin will not go dead. They got 2 years of funds to develop. Alot can be acomplished in this time. They don't have to rely on the mnx price for developing funds. There is great potentionally for the price rising when the products are released. The keyword is just patience.

+1


I feel ashamed
I talked to many people from my surroundings about this project
I read wp dozens of times
I read upgraded roadmap many many times
praised this project to everyone from my surroundings from people who are part of the  crypro world to those who never had any touch with crypto
told people that the idea of the ecosystem itself is something that is different from the current empty stories
I explained things about the minex algorithm / things I read in wp
A lot of very strong people have invested large amounts of money
but also a couple of people who really do not have money and people who can barely survive from month to month
when I find out about a month ago that minex algo has not ever take any move to price corection  as it was described in wp
I was  speechless in that moment
uptrend channel .....5% tolerance bank reaction if price brakeout out of  that channel....These are all lies
The entire roadmap is a beautifully packed story...even if it is not so...minex team gave to themselfe unreasonably short deadlines
I was 80 percent convinced that this coin will next big  thing in the crypto world
now my opinion is 80% scam /20% success

Now I'm ashamed to look at all these people in their eyes

"The problem isn't losing money.
They problem is losing faith"

If people leaving Minex coin it is not a good signal. although I think that miners dumping price because they sell his coina no matters what is the price.
although it is a complete market in red Here is some action needed to stop falling

What do you mean it has no relation with crypto? Where infact, MNX is cryptocurrency? There will always be a connection with it. Can i ask about india? Do India have strictier regulations with cryptocurrency? Like is it illegal to trade or hold cryptocurrency there? Maybe you can enlighten me with this.

Wrong conclusion. The network hashrate is based on thr average time to find a block. Let's say a made up coin has only a single pool doing 10 megasol and enters a lucky streak. The network hashrate could then be reported as 20 megasol. Network hashrate isn't a good measure at all. It just an indirect indicator of network hashrate.. Not the actual hashrate.

I do know of a one or two private pools setup by group of friends. Had contact with one earlier which was planning adding around 10 megasol..  That explains part of the hashrate

It's quite simple to find out where the coin is traded, just look at the first page of the topic.
https://bitcointalksearch.org/topic/minexcoin-a-new-era-of-payments-1847292
Or there is another option, you can also find out about it if you look at the CMC
https://coinmarketcap.com/currencies/minexcoin/#markets
In this case, you need to be careful and diligent.

Hello,

You can buy MNX at Livecoin or Coinexchenge.

Hello. In what exchanges are you presented?
Where can I buy your coin?

But you can't deny that whatever the overall trend is, MNX went from the position 90 something to 295 right now in a month and a half.

Whatever the work done on the project (which I'm not judging), there clearly is a lack of skills when it comes to communication.
Everybody have been taken by surprise by the sudden drop of parking rates. Even if this was clear for the team that it could happen, nobody understood that it could be manually changed by the team at any time.
Next, we've been surprised that these same rates can't be raised anymore for the moment, which goes against the basic mechanism of rate adjustments explained in the WP. Again, if this was clear for the team, it was definitely not for us.

Don't be surprised that many people sold their MNX positions as we clearly feel that we are falling from the frying pan into the fire.

We just wonder what will be the next bad surprise hence any possible nice announcement.

It is clearly seen at CMC that only 4 coins out of top-100 are in green, so this is a current trend actually. In the morning MNX was also green, someone even was surprised.

Yes, $5 is really low price now. But just to know he can be a lower price. First day when Minex going to market the price was $1. Seems we are going to this moment again.
I hope listing on Hitbtc can help and make more decentralized mnx market. I think I read somewhere that trading bot on Livecoin ruin the price.

Oh, okay, thank you for your reply. I understand, that is why I rather asked.
I'm looking forward to getting my card  .

You haven´t wasted anything! You invested in a good project with an interesting future.
Developers are working everyday on new features and they will do their best to satisfy their customers.

Who knows, when MNX be able to trade in HitBTC...

Just made an account to that damn LiveCoin and wasted some ETH to buy MNX and guess what - LiveCoin isn't that bad after all and working pretty quickly!

MNX will be listed on HitBTC, but we have no exact date.

The price of minexcoin touches the lowest price after jump to 20 to 30, Now it is 5.... I think the price is very low now. it is because abundant  of supply or , I don understand. I think broaden market will make minexcoin more popular. The more holders the more stable the coins I think. Hope the price will be back to 20-30 USD. and wil be listed in new major exchanger like bittrex and hitbtc.

It looks like this is your point  to dismiss people who see the true state of things....
to remove all those who ask rational questions (They have to repeat because they do not get the answers except  "soon" and "stop with fud")
to remove all those people who require that team finish all things that have set themselves as a goal to do on time
to remove all those people who criticize because of the lack of time limits seted by themselves
to remove all those people who have any suspicion and they do not dare to answer those doubts

It would be nice if only people who praised them like temhuk will stay here  
and no one new who come here wouldnt be able to recognize the true state of things that are happening

"for me, there is no reason to keep people like that. they don't care any shit except their own money"

neither you or anyone else can influence me whether I will leave the project or stay in it
I am not one of those who bought high ... that what I bought is only a small part of what I  own
I tried to even negotiate with some exchanges to add mnx
What did you do for this project?
you are probably just a  a  paid boot  

84.88% it's a average annual growth of USD/MNX rate that MinexBank will maintain, not parking rates.

Why are the quarterly and half-year rates currently above 84.88% per annum, though?  Is 84.88% just a weighted average of all term periods?

this is a good entry point, I will buy more when i receive my next paycheck. I think the exchange listing will expand MNX exposure.