Topic: Minexcoin - A new era of payments - page 300. (Read 646788 times)
Hello, I have a few questions on the progress of Minex. When will there be certainty to be listed on another exchange? When will the webstore be opened? And when will we be able to exchange internally. Thanks.
Circulating Supply: 3,689,352 MNX
Price: $14.19
Market Cap: $52,334,931
Let's analyze the holders:
address with just one transaction hold about 2.8 millions * 14,19$ = almost 40 millions
all other address hold 0.8 millions coins * 14,19$ = almost 12 millions
I do not know the information, but who are people with a single transaction, maybe a member of the team? It makes me feel reasonable. That means buyers cover only 20% current overall Market Cap. That also means that it is in the last 30-45 days holders sold same value as MNX team hold!?
Do I have a good calculations?
This may mean that the investor has not left much, and if everyone in Telegram really hold and buys more, the price can not drop more
Probably there is parking for one year at one transaction adresses. That adresses belong to first ICO members. Price: $14.19
Market Cap: $52,334,931
Let's analyze the holders:
address with just one transaction hold about 2.8 millions * 14,19$ = almost 40 millions
all other address hold 0.8 millions coins * 14,19$ = almost 12 millions
I do not know the information, but who are people with a single transaction, maybe a member of the team? It makes me feel reasonable. That means buyers cover only 20% current overall Market Cap. That also means that it is in the last 30-45 days holders sold same value as MNX team hold!?
Do I have a good calculations?
This may mean that the investor has not left much, and if everyone in Telegram really hold and buys more, the price can not drop more
Circulating Supply: 3,689,352 MNX
Price: $14.19
Market Cap: $52,334,931
Let's analyze the holders:
address with just one transaction hold about 2.8 millions * 14,19$ = almost 40 millions
all other address hold 0.8 millions coins * 14,19$ = almost 12 millions
I do not know the information, but who are people with a single transaction, maybe a member of the team? It makes me feel reasonable. That means buyers cover only 20% current overall Market Cap. That also means that it is in the last 30-45 days holders sold same value as MNX team hold!?
Do I have a good calculations?
This may mean that the investor has not left much, and if everyone in Telegram really hold and buys more, the price can not drop more
Price: $14.19
Market Cap: $52,334,931
Let's analyze the holders:
address with just one transaction hold about 2.8 millions * 14,19$ = almost 40 millions
all other address hold 0.8 millions coins * 14,19$ = almost 12 millions
I do not know the information, but who are people with a single transaction, maybe a member of the team? It makes me feel reasonable. That means buyers cover only 20% current overall Market Cap. That also means that it is in the last 30-45 days holders sold same value as MNX team hold!?
Do I have a good calculations?
This may mean that the investor has not left much, and if everyone in Telegram really hold and buys more, the price can not drop more
I was going to invest in the coin but I will wait until devs have something real to show. Maybe the devs are lazy because this coin is more than a year old with huge market cap, I think at one time I saw it in top 150 or 120 in coinmarketcap but still there are no results only empty promises. The community wants high volatility which is a contradiction. Maybe their usp which is low volatility is unachievable. So they should rebrand and get a new direction if it is really unachievable. Maybe it's not economically possible.
ok dude, dont invest and leave this topic. I am sure your DogeCoin invest will make you gain 2 ou 4$
the things is that 0.19% daily means pretty much 100% annual. Which is a direct contradiction of the stated goal of 70%.
0.19% is daily base taken as a starting point by Minexbank. The last will regulate it (+-) depending on the market situation. An important point to recognise is that bias can be upward or downward.
I was going to invest in the coin but I will wait until devs have something real to show. Maybe the devs are lazy because this coin is more than a year old with huge market cap, I think at one time I saw it in top 150 or 120 in coinmarketcap but still there are no results only empty promises. The community wants high volatility which is a contradiction. Maybe their usp which is low volatility is unachievable. So they should rebrand and get a new direction if it is really unachievable. Maybe it's not economically possible.
Please, check our latest news in blog.Probably you will find a lot of interested things which were already implemented.
https://medium.com/@minecoinorg
I was going to invest in the coin but I will wait until devs have something real to show. Maybe the devs are lazy because this coin is more than a year old with huge market cap, I think at one time I saw it in top 150 or 120 in coinmarketcap but still there are no results only empty promises. The community wants high volatility which is a contradiction. Maybe their usp which is low volatility is unachievable. So they should rebrand and get a new direction if it is really unachievable. Maybe it's not economically possible.
I sent some MNX to Livecoin but they are still pending with 30 confirms so far, anyone facing this
What you show is about the last 7 blocks (the recent half an hour).
Yes, and you showed blocks, which were found in one of the pools, not the whole history, if i understood correctly. 
Sorry but I sold most of my position. Have been in to this coin since $10, watched it hit $70 and now its going back down to $10 
Sad to see. I have been actively parking and really loved this coin. Had over 2K coins at one point. Their decision to suddenly drop rate from 14% down to 5% suddenly was a mistake. Of course this massive drop in price was going to happen. Small changes like they have been making were much better for the price of this coin. Only reason for such a big change is because they saw it wasn't sustainable which I get. They still should have dropped the rates slowly to get to their goal. Developers don;t seem to have our best interests in mind and that is a red flag to me. Hard to say how low this will go but I'm more or less out.
Best of luck to you guys holding
Thanks for your opinion and for honesty. Sad to see. I have been actively parking and really loved this coin. Had over 2K coins at one point. Their decision to suddenly drop rate from 14% down to 5% suddenly was a mistake. Of course this massive drop in price was going to happen. Small changes like they have been making were much better for the price of this coin. Only reason for such a big change is because they saw it wasn't sustainable which I get. They still should have dropped the rates slowly to get to their goal. Developers don;t seem to have our best interests in mind and that is a red flag to me. Hard to say how low this will go but I'm more or less out. Best of luck to you guys holding
Good luck to you!
See each of us has different views about the MNX price, it is not quci scheme to make money and already they mentioned in WP about thr parking rates. They can control the flow of dumps they are decreasing the parking interest rates.
I sent some MNX to Livecoin but they are still pending with 30 confirms so far, anyone facing this
You should ask livecoin support, maybe they will explain this situation. I sent some MNX to Livecoin but they are still pending with 30 confirms so far, anyone facing this
Sure - some blocks take 15 to 30 minutes (instead of less than 3 minutes), see:
https://snag.gy/I1dOLu.jpg
100 blocks of confirmation can take like half a day.
The difficulty change is far far far too long.
In MinexCoin there is Mining; but miners get no help.
As I can see, average time it's a few minutes. Please, don't spread false info.
I don't agree that any different opinion is a FUD.
There was a 40% growth, now it's what, 88%?
The real problem is what the White Paper announce:
Volatility is a Problem
Stability as an Answer
There are two factors that make MinexCoin unique:
— Low volatility of the coin (within a five-percent range) achieved autonomously with
traditional financial tools;
— Predictable and controllable annual growth of the coin’s price which correlates with
average annual price growth calculated for a portfolio of most popular altcoins (around
33.6 percent).
But (numbers taken a few hours ago):
BTC right now: 0.36%
MNX right now: -6.64%
BTC 3 months price: 10000 to 9300 (-7%)
MNX 3 months price: 20 to 15.7 (-21.5%)
BTC 6 month price: 6170 to 9300 (+51%)
MNX 6 month price: 1.44 to 15.7 (+990%)
As of right now:
* I can't see any low volatility achieved (even BTC does better)
* I don't see any volatility limitation to a five-percent range
* Growth: the price is decreasing every day for 1 month now - where is the bot?
Of course people will say: "it's a long run, just buy more and hodl".
Personaly, I invested since January, and the invested value has decreased by 50+%
Even mining and getting interests, I'm losing a lot - right now.
Again - I don't dream, Minexcoin promise "Volatility is a Problem, Stability as an Answer", this main goal is NOT achieved.
Please don't say I'm also FUDing, I did NOT sell anything, I'm a big fan at the contrary, but right now I'm deceived.
If i'm not wrong, this guy was FUDing a lot in russian thread, so it's not because of his opinion, but because of in which way and how often he posting it.There was a 40% growth, now it's what, 88%?
The real problem is what the White Paper announce:
Volatility is a Problem
Stability as an Answer
There are two factors that make MinexCoin unique:
— Low volatility of the coin (within a five-percent range) achieved autonomously with
traditional financial tools;
— Predictable and controllable annual growth of the coin’s price which correlates with
average annual price growth calculated for a portfolio of most popular altcoins (around
33.6 percent).
But (numbers taken a few hours ago):
BTC right now: 0.36%
MNX right now: -6.64%
BTC 3 months price: 10000 to 9300 (-7%)
MNX 3 months price: 20 to 15.7 (-21.5%)
BTC 6 month price: 6170 to 9300 (+51%)
MNX 6 month price: 1.44 to 15.7 (+990%)
As of right now:
* I can't see any low volatility achieved (even BTC does better)
* I don't see any volatility limitation to a five-percent range
* Growth: the price is decreasing every day for 1 month now - where is the bot?
Of course people will say: "it's a long run, just buy more and hodl".
Personaly, I invested since January, and the invested value has decreased by 50+%
Even mining and getting interests, I'm losing a lot - right now.
Again - I don't dream, Minexcoin promise "Volatility is a Problem, Stability as an Answer", this main goal is NOT achieved.
Please don't say I'm also FUDing, I did NOT sell anything, I'm a big fan at the contrary, but right now I'm deceived.
MNX needs full ecosystem released to get its maximum potential. For example, without some parts of our roadmap it can't be used as payment method. Implementation of roadmap will make great influence on MNX stability and will add more ways of using it in real life, not only as asset on exchange. Devs are working on it and you will see the result, all you need is patience.
I sent some MNX to Livecoin but they are still pending with 30 confirms so far, anyone facing this
Well said. They're whitepaper said 40% interest/year was the 2018 goal. They changed that and the whole interest process blew up in their face. I for one am actually hodling and accumulating, even tho i still think its ultimately a scam, bernie madoff went for 20 years, we can bang out a year and a half at least w MNX
Please, don't start FUD here. Sorry but I sold most of my position. Have been in to this coin since $10, watched it hit $70 and now its going back down to $10 Sad to see. I have been actively parking and really loved this coin. Had over 2K coins at one point. Their decision to suddenly drop rate from 14% down to 5% was a mistake. Of course this massive drop in price was going to happen. Small changes like they have been making were much better for the price of this coin. Only reason for such a big change is because they saw it wasn't sustainable which I get. They still should have dropped the rates slowly to get to their goal. Developers don't seem to have our best interests in mind and that is a red flag to me. Hard to say how low this will go but I'm more or less out.
Best of luck to you guys holding
Sad to see. I have been actively parking and really loved this coin. Had over 2K coins at one point. Their decision to suddenly drop rate from 14% down to 5% was a mistake. Of course this massive drop in price was going to happen. Small changes like they have been making were much better for the price of this coin. Only reason for such a big change is because they saw it wasn't sustainable which I get. They still should have dropped the rates slowly to get to their goal. Developers don't seem to have our best interests in mind and that is a red flag to me. Hard to say how low this will go but I'm more or less out. Best of luck to you guys holding
Well said. They're whitepaper said 40% interest/year was the 2018 goal. They changed that and the whole interest process blew up in their face. I for one am actually hodling and accumulating, even tho i still think its ultimately a scam, bernie madoff went for 20 years, we can bang out a year and a half at least w MNX
Sorry but I sold most of my position. Have been in to this coin since $10, watched it hit $70 and now its going back down to $10 Sad to see. I have been actively parking and really loved this coin. Had over 2K coins at one point. Their decision to suddenly drop rate from 14% down to 5% suddenly was a mistake. Of course this massive drop in price was going to happen. Small changes like they have been making were much better for the price of this coin. Only reason for such a big change is because they saw it wasn't sustainable which I get. They still should have dropped the rates slowly to get to their goal. Developers don;t seem to have our best interests in mind and that is a red flag to me. Hard to say how low this will go but I'm more or less out.
Best of luck to you guys holding
Thanks for your opinion and for honesty. Sad to see. I have been actively parking and really loved this coin. Had over 2K coins at one point. Their decision to suddenly drop rate from 14% down to 5% suddenly was a mistake. Of course this massive drop in price was going to happen. Small changes like they have been making were much better for the price of this coin. Only reason for such a big change is because they saw it wasn't sustainable which I get. They still should have dropped the rates slowly to get to their goal. Developers don;t seem to have our best interests in mind and that is a red flag to me. Hard to say how low this will go but I'm more or less out. Best of luck to you guys holding
Good luck to you!
Sorry but I sold most of my position. Have been in to this coin since $10, watched it hit $70 and now its going back down to $10 Sad to see. I have been actively parking and really loved this coin. Had over 2K coins at one point. Their decision to suddenly drop rate from 14% down to 5% was a mistake. Of course this massive drop in price was going to happen. Small changes like they have been making were much better for the price of this coin. Only reason for such a big change is because they saw it wasn't sustainable which I get. They still should have dropped the rates slowly to get to their goal. Developers don't seem to have our best interests in mind and that is a red flag to me. Hard to say how low this will go but I'm more or less out.
Best of luck to you guys holding
Sad to see. I have been actively parking and really loved this coin. Had over 2K coins at one point. Their decision to suddenly drop rate from 14% down to 5% was a mistake. Of course this massive drop in price was going to happen. Small changes like they have been making were much better for the price of this coin. Only reason for such a big change is because they saw it wasn't sustainable which I get. They still should have dropped the rates slowly to get to their goal. Developers don't seem to have our best interests in mind and that is a red flag to me. Hard to say how low this will go but I'm more or less out. Best of luck to you guys holding
Minexcoin Info:
Hashrate: 119.42 MSol/s Difficulty: 5.168060159974
MinexBank Rates:
Daily: 0.268% Weekly: 2.89% Monthly: 13.85% Yearly: 70.4% Quarterly: 23.7% Half yearly: 44.8%
Price of MNX: $12,98
Hashrate: 119.42 MSol/s Difficulty: 5.168060159974
MinexBank Rates:
Daily: 0.268% Weekly: 2.89% Monthly: 13.85% Yearly: 70.4% Quarterly: 23.7% Half yearly: 44.8%
Price of MNX: $12,98
From what I've read in the thread and telegram, minex and the implemented algo are interesting and I really like the ideas of Minexcoin and -Bank. However, 1) 5% a day is still quite big for a coin which aims to be somewhat a stable coin, 2) being an algo and interfering (only in emergency cases) in the markets - it sounds to me like a bet on human rationality, which is... well... you know. 3) Aiming for stability towards fiat instead of btc or the crypto top 10 in times when investments in crypto get somewhat shuffled, I personally see the possibility of huge fluctuations, it will be at least interesting to see how the price develops with that and your algo adjusts to it, keeping the 5% in mind. Apart from that, thumbs up for your progress so far. Permanent development, constant progress on the roadmap, I like the Minexbank app and lately lightning transactions with btc and ltc (which I very much miss just the mention of it from newer coins), I am looking forward to hear more and keep parking a few mnx. I would like to hear more about your plans for Q3 and Q4 especially for mining, but that is still 'far' away, so keep up the good work
Thanks, will keep Hope you wouldn't be disappointed.
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