the parking rate is dropping but the price is still the same.
hope that the parking rate will rise soon. I would love to park my minex
Topic: Minexcoin - A new era of payments - page 506. (Read 646965 times)
I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.
it's not entirely a false comparison, since you literally are forced to buy mnx in btc or some other crypto XD
I would gladly have bought mnx with my debit card directly if I could. (and I'm sure many others would have as well)
the logic is basically this
if I buy 0.01 bitcoin at 10,000 each (100 dollars worth), and then I buy 5 MNX with that (at 0.002 each)
then price of MNX drops to 0.0015, but bitcoin rises to 30,000 each, I still made profit, but I would have made 25% more if I just sat on bitcoin.
(225 investing in mnx vs just holding and getting 300)
don't get me wrong though, my portfolio is very happy with mnx thus far, even if its price in btc drops.
but you are not a bitcoin hodlers. I did not know why people complain about the pricing. you still in a win even the btc price is lower than the ICO because the value in usd since you bought it is higher now. You are not a bitcoin hodler because you exchange your btc to altcoin
So Why the algo doesnt rise the rates ? As you see on the pic the price lost over 12% in one day and thats no spike. As the Price rised yesterday the rates dropped from 4.5 to 3.7 Weekly. And when the Price dumps. The rates stay low. It seems that the algo only knows one way for regulation, to decrease the rates.
https://picload.org/view/ddgggaor/screenshot_20171216-073212.png.html
I would be surprised if the rates rise in the same height as they drop.
https://picload.org/view/ddgggaor/screenshot_20171216-073212.png.html
I would be surprised if the rates rise in the same height as they drop.
Hello MINEXCOIN, I requested my MINEX bounty from the withdrawal tab inside my account to my livecoin address a while back but haven't received any of my coins. Is there a way to cancel the withdrawal and download the wallet and re request it or will you send me the coins soon? I would love to start parking my coins to earn roi before the new year comes in, hope they can bring me luck. Please advise me what is happening and when I will receive my coins, thank you.
Don't worry manager is very active and he will answer you question once he comes to online. I think once the transaction is sent it should be confirm manually by the team I think. I am not clear about it but wait until dev addressed to your questions.
I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.
it's not entirely a false comparison, since you literally are forced to buy mnx in btc or some other crypto XD
I would gladly have bought mnx with my debit card directly if I could. (and I'm sure many others would have as well)
the logic is basically this
if I buy 0.01 bitcoin at 10,000 each (100 dollars worth), and then I buy 5 MNX with that (at 0.002 each)
then price of MNX drops to 0.0015, but bitcoin rises to 30,000 each, I still made profit, but I would have made 25% more if I just sat on bitcoin.
(225 investing in mnx vs just holding and getting 300)
don't get me wrong though, my portfolio is very happy with mnx thus far, even if its price in btc drops.
I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.
I understand your logic but I don't agree with you because I am not buying altcoins with fiat but I am buying them with bitcoins. So I'm actually risking bitcoins, not dollars, so profit should be measured in bitcoins. Because if you didn't make that investment, you would have kept bitcoins and they would be worth more so you made a loss with that investment. Eh, i dont really buy that. Unless you're holding your money in bitcoin its just an intermediary to your actual investment. I wouldn't be buying bitcoins unless i was investing in altcoins - why does it matter whether you buy in fiat or bitcoin? If you buy minex in fiat you just as easily could've bought bitcoin or done anything else with that fiat to gain more/less. Faulty logic imo
I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.
I understand your logic but I don't agree with you because I am not buying altcoins with fiat but I am buying them with bitcoins. So I'm actually risking bitcoins, not dollars, so profit should be measured in bitcoins. Because if you didn't make that investment, you would have kept bitcoins and they would be worth more so you made a loss with that investment. 
Hello MINEXCOIN, I requested my MINEX bounty from the withdrawal tab inside my account to my livecoin address a while back but haven't received any of my coins. Is there a way to cancel the withdrawal and download the wallet and re request it or will you send me the coins soon? I would love to start parking my coins to earn roi before the new year comes in, hope they can bring me luck. Please advise me what is happening and when I will receive my coins, thank you.
devs will give you an answer at morning. Now they have 17 minutes past midnight 
Hello MINEXCOIN, I requested my MINEX bounty from the withdrawal tab inside my account to my livecoin address a while back but haven't received any of my coins. Is there a way to cancel the withdrawal and download the wallet and re request it or will you send me the coins soon? I would love to start parking my coins to earn roi before the new year comes in, hope they can bring me luck. Please advise me what is happening and when I will receive my coins, thank you.
I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.
You are absolutely right
"Hello, community! At the start of the winter, we decided present to you two mid-months retrospectives instead our traditional weekly reports. We’ve taken such decision because MNX had overcome the tensest period when all of us had to keep fingers on the market’s pulse and entered in a cool-down phase before Holidays (at least for now). In this report, as always, you will find out about exchange progress, project’s upgrades, and our plans to the nearest future."
Seen at: https://medium.com/minecoin-blog/mnx-report-mid-december-balance-fd1cb1a4db78
Seen at: https://medium.com/minecoin-blog/mnx-report-mid-december-balance-fd1cb1a4db78
I get annoyed when people think of coins in terms of bitcoin price and judge their investments as so. I dont keep my money it bitcoin - I keep it in a bank where it gains nothing, so any gain i get is positive. Judging an investment in any crypto through a bitcoin lens is like saying investing in facebook is bad because amazon went up more...no it isn't it just wasn't the most optimal but it still gave you positive returns.
Its pretty easy to manipulate with the coin atm, but I'm wondering what will happen once MNX hits bigger exchange.
It will get more volume and thus harder to manipulate
Its pretty easy to manipulate with the coin atm, but I'm wondering what will happen once MNX hits bigger exchange.
It will get more volume and thus harder to manipulate
Minexcoin Info:
Hashrate: 67.02 MSol/s Difficulty: 2.0161622643754
MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%
Price of MNX: $34.64
Hashrate: 67.02 MSol/s Difficulty: 2.0161622643754
MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%
Price of MNX: $34.64
the current mnx token price is far down from the ICO price, whether it will go back up, we will wait how the development of minex project, hopefully the price is equal to ethereum or even bitcoin, just a matter of time
Ico price was like $6...
I'm tired of these arguments in every ico thread. You chose to invest in MNX not in BTC. It's not because BTC went moon that every ICO that was funded with it should go there. Imagine you traded some Apple stocks worth $10 back in 1999 for some Netscape navigator stocks. 10 years later your Netscape stocks would be worth nihil and your Apple stocks (you don't own anymore) would be worth tenfold. Is that unfair? No, that's a choice.
I wonder if BTC went down 70% and the ico price went down just 30% compared to usd, would you consider it a win? Because you would have gone up 40% in BTC price but down 30% in usd price. No, you would consider it a loss because in the end.... USD is still what you're after, no matter how big a btc-fanboy you are (and the fact you traded it for MNX doesn't make you that big of a btc fanboy).
eh, you can't just pretend that btc price doesn't matter though. after all, like you said, usd (or another fiat) is what these short term investors are after, if they would have made 2x or more just holding btc instead of trading, these people will stop buying mnx.
which in the end is a stupid move, because let alone parking, day trading mnx is easy money right now.
Its pretty easy to manipulate with the coin atm, but I'm wondering what will happen once MNX hits bigger exchange.
The adjustment base on my insights is that, Minexbank wants you to keep your coins longer so that the higher and rewarding parking now is monthly. It is also due to stable prices that we see in recent days. There's not much pump that happen. It happen once and that's it. It's still profitable to park and i think it will calibrate again.
I disagree, market is pretty wavy due to low volume yet. If you are a day trader and you know what you do you can make a lot more by trading daily than parking weekly/monthly. If they want to make more stable prices they should control the exchange by put buy and sell walls. Interest rate changes don't have same effect as buy/sell walls. It's open for manipulations due to very low exchange volume.
the current mnx token price is far down from the ICO price, whether it will go back up, we will wait how the development of minex project, hopefully the price is equal to ethereum or even bitcoin, just a matter of time
Ico price was like $6...
I'm tired of these arguments in every ico thread. You chose to invest in MNX not in BTC. It's not because BTC went moon that every ICO that was funded with it should go there. Imagine you traded some Apple stocks worth $10 back in 1999 for some Netscape navigator stocks. 10 years later your Netscape stocks would be worth nihil and your Apple stocks (you don't own anymore) would be worth tenfold. Is that unfair? No, that's a choice.
I wonder if BTC went down 70% and the ico price went down just 30% compared to usd, would you consider it a win? Because you would have gone up 40% in BTC price but down 30% in usd price. No, you would consider it a loss because in the end.... USD is still what you're after, no matter how big a btc-fanboy you are (and the fact you traded it for MNX doesn't make you that big of a btc fanboy).
day trading is a farce.
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