Minexcoin - A new era of payments - page 592.

JimmyGTO

full member

Activity: 169

Merit: 100

Quote from: TeMHuK on November 28, 2017, 11:40:59 AM

Quote from: bribed on November 28, 2017, 10:57:55 AM

Quote from: Continuous on November 28, 2017, 10:31:32 AM

I invested on Minexcoin during the ICO, I participated in the bounty campaign of MinexCoin and invested about $1.8K on it when it was at $10 though my original plan was purchasing them at $1 on the 1st of November (unfortunately couldn't get the funds to do so by then Sad

). Although, still been parking my coins and I couldn't be happier, already at 2.5x and I can see it getting higher.

Good on you! Congratulations, hodling always pays off! Two questions: what was the ICO price again? Can someone explain why there is such a huge rise now? And why is Minex expected to reach 35 or more in the coming days? Read some comments that stated that. Any reason why it should take off like this now? Besides of hype.

ICO was 0.00230755 BTC. You will see soon why price growing so fast, patience my friend, patience Wink

Now look BTC price for MNX is higher than ICO at 0.00256486 BTC now.

fabcl

newbie

Activity: 68

Merit: 0

Quote from: felixme on November 28, 2017, 01:44:42 PM

Quote from: fabcl on November 28, 2017, 01:24:31 PM

Quote from: felixme on November 28, 2017, 12:35:49 PM

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

I think you need to re-read the white paper carefully.
Minexbank purpose is not to lock the price within 5% around $20, but to TRY to limit the volatility by limiting the variation around +/-5% compared to the previous day. It could go up to $100 or down to $0, not a problem either way, Minexbank is not here to keep it at $20.

Right now, there's no point in trying to contain the volatility as the demand is too high anyway, but I guess it's a good exercise to calibrate the algorithm to make it able to cope with such a situation later.

Alrighty, then I understood it absolutely right. (Notice: I wrote “5% daily change range”, which essentially means what you said.)

The last part kind of answers the question though.

It's me who didn't fully understood your message then Cheesy

But glad I kinda answered you anyway.

jmunn44

newbie

Activity: 55

Merit: 0

Quote from: fabcl on November 28, 2017, 01:24:31 PM

Quote from: felixme on November 28, 2017, 12:35:49 PM

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

I think you need to re-read the white paper carefully.
Minexbank purpose is not to lock the price within 5% around $20, but to TRY to limit the volatility by limiting the variation around +/-5% compared to the previous day. It could go up to $100 or down to $0, not a problem either way, Minexbank is not here to keep it at $20.

Right now, there's no point in trying to contain the volatility as the demand is too high anyway, but I guess it's a good exercise to calibrate the algorithm to make it able to cope with such a situation later.

Yes but he is on the right track, theoretically Minexbank should lower their parking rates drastically to begin leveling off the price per their memorandum. I have seen about a .2% drop each 12 hours or so in the weekly parking rate so i believe it will slowly head back to 2% or so maybe 1-1.5%. This should slow down the growth of the price but at .2% every 12 hours it could hit 35-40 before people stop buying.

felixme

newbie

Activity: 42

Merit: 0

Quote from: fabcl on November 28, 2017, 01:24:31 PM

Quote from: felixme on November 28, 2017, 12:35:49 PM

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

I think you need to re-read the white paper carefully.
Minexbank purpose is not to lock the price within 5% around $20, but to TRY to limit the volatility by limiting the variation around +/-5% compared to the previous day. It could go up to $100 or down to $0, not a problem either way, Minexbank is not here to keep it at $20.

Right now, there's no point in trying to contain the volatility as the demand is too high anyway, but I guess it's a good exercise to calibrate the algorithm to make it able to cope with such a situation later.

Alrighty, then I understood it absolutely right. (Notice: I wrote “5% daily change range”, which essentially means what you said.)

The last part kind of answers the question though.

BitScreener

newbie

Activity: 83

Merit: 0

Real-time quotes of Minexcoin:

https://bitscreener.com/coins/minexcoin/price_alert

toucan

member

Activity: 148

Merit: 10

Wow closing in on $1 million in volume today

taufik123

legendary

Activity: 2758

Merit: 1888

Rollbit.com | #1 Solana Casino

pump pump and pump, today I was lucky to sell Token MNX (MINEX) at a fairly high price. so the total investment and total bounty of 567MNX were sold at 0.0023 BTC. extraordinary. has reached 1.3BTC. congratulations to MINEX. Successful and growing projects.

fabcl

newbie

Activity: 68

Merit: 0

Quote from: felixme on November 28, 2017, 12:35:49 PM

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

I think you need to re-read the white paper carefully.
Minexbank purpose is not to lock the price within 5% around $20, but to TRY to limit the volatility by limiting the variation around +/-5% compared to the previous day. It could go up to $100 or down to $0, not a problem either way, Minexbank is not here to keep it at $20.

Right now, there's no point in trying to contain the volatility as the demand is too high anyway, but I guess it's a good exercise to calibrate the algorithm to make it able to cope with such a situation later.

bribed

full member

Activity: 238

Merit: 100

Quote from: TeMHuK on November 28, 2017, 11:40:59 AM

ICO was 0.00230755 BTC. You will see soon why price growing so fast, patience my friend, patience Wink

Thanks for the info on the ICO price, but why cant you share your wisdom why the price is flying? Or do you have secret insidernews that you wont share before it will happen?

DraGonD

full member

Activity: 416

Merit: 103

Guys, what speed are you getting on AMD gfx card when mining Minex?

It seems my nvidia laptop gfx card is doing twice the speed of my amd desktop gfx.

Is there benchmark list? Or another miner?

felixme

newbie

Activity: 42

Merit: 0

So is Minexbank doing its job with keeping the price within a 5% daily change range from now on or is that still not a thing? (I’m just asking because if that was the case, I’d sell my coins for $26 and buy again at $21...)

bluedeng

member

Activity: 164

Merit: 10

Just need to go one step further, you are very block can lead to the moon！

tomsmith26

hero member

Activity: 1148

Merit: 512

Quote from: CassiusV on November 28, 2017, 11:43:35 AM

I regret not buying this coin when it was 1$ and 5$. Now i believe it is too late and dangerous.

I always try my luck with some risky investments and I can get some big profits about this .
I had spent 3500$ to buy 1000MNX with the lowest price and I got all my funds and very big profit total amount: ~22,390$ .
This is the biggest profit during 2 weeks in this year so it's unbelievable, guy.

BMG86

full member

Activity: 322

Merit: 100

Quote from: revenant2017 on November 28, 2017, 10:51:15 AM

Quote from: toucan on November 27, 2017, 08:23:20 PM

Quote from: revenant2017 on November 27, 2017, 06:55:05 PM

Quote from: TeMHuK on November 27, 2017, 06:44:00 PM

Quote from: revenant2017 on November 27, 2017, 06:32:53 PM

Now that Bitcoin's price is at 9.7k usd which means, ICO price of 0.0023 is equivalent to $22.31, will there be changes in the target of memorandum? The ICO is tied with Bitcoin Price so it should be tied with that amount. Minexcoin reach exchanges with Bitcoin Price of 7k. Now it's 38% up since November 1. Around that time, 0.0023 is equivalent to $16 and the set target amount of $20 due to yearly inflation rate.

Anyone want to agree with me?

just read memorandum. https://minexbank.com/index.php?r=site%2Fmemorandum Wink

I already read it a lot of times. The original ICO price was at 0.0023. We paid in BTC so it should be tied with BTC too. With BTC reaching new heights, we can't reach the original ICO price if it's tied with USD. The priority should be the ICO price in BTC then to USD. If someone bought at ICO with only few bonus on the original ICO price of 0.0023, and with the Lock target of $20, that is equivalent to 0.0021 only. So for every coin bought during the ICO will lost 0.0002 per coin. If you have 1000 MNX coin, that is equivalent to 0.20 BTC losses. So to prevent these losses to the early ICO investors, it should be not lower than the 0.0023 ICO price.

WTF it BTC went down to $1500 and now MNX was way above price BTC ICO you would be happier even if only $10..get a grip

What WTF? Do you even understand the point here? The ICO price here is 0.0023 so it should be tied with BTC incase there is a pump on BTC. If there is a case of dumping in BTC, Minexbank will do it's best to stay the price on $20 level. So the higher the BTC, the higher price will be. If BTC continued to pump, and stays only on $20 level, we won't be seeing that 0.0023 BTC bought from ICO price.

Welcome to altcoins my friend. This happens with all of the alt coins, there plenty of alt coins which are worth less BTC then they used to be but are worth way more in fiat now. If you can't handle that then I suggest you only invest in BTC.

Anon11073

sr. member

Activity: 896

Merit: 289

Twitter: @BTY_11073

Quote from: PhucS on November 28, 2017, 10:47:58 AM

Quote from: Irlasos on November 28, 2017, 10:41:10 AM

Quote from: PhucS on November 28, 2017, 10:36:05 AM

Is there a way to restore my wallet? My computer is broken, I can not retrieve the data. Please help me

you need the wallet file for this.. If you have no backup, I'm sorry but it's lost.
Perhaps you can recover data, depending of what is your issue ?

Thanks, but I don't have it Sad

My computer is broken, I have to reinstall the operating system and the data on the C disk is lost. I know I was careless about not backing up my data soon. Maybe I was lost

I recommend creating Ubuntu's Live Disc and retrieving the data.

CassiusV

jr. member

Activity: 50

Merit: 1

Proud Mary

I regret not buying this coin when it was 1$ and 5$. Now i believe it is too late and dangerous.

TeMHuK

sr. member

Activity: 728

Merit: 259

Quote from: bribed on November 28, 2017, 10:57:55 AM

Quote from: Continuous on November 28, 2017, 10:31:32 AM

I invested on Minexcoin during the ICO, I participated in the bounty campaign of MinexCoin and invested about $1.8K on it when it was at $10 though my original plan was purchasing them at $1 on the 1st of November (unfortunately couldn't get the funds to do so by then Sad

). Although, still been parking my coins and I couldn't be happier, already at 2.5x and I can see it getting higher.

Good on you! Congratulations, hodling always pays off! Two questions: what was the ICO price again? Can someone explain why there is such a huge rise now? And why is Minex expected to reach 35 or more in the coming days? Read some comments that stated that. Any reason why it should take off like this now? Besides of hype.

ICO was 0.00230755 BTC. You will see soon why price growing so fast, patience my friend, patience Wink

Galabau24

full member

Activity: 420

Merit: 100

Quote from: JimmyGTO on November 28, 2017, 10:03:22 AM

Quote from: FissioncoinXpres on November 28, 2017, 09:50:24 AM

Quote from: bribed on November 28, 2017, 07:49:56 AM

Quote from: kamote291993 on November 28, 2017, 07:44:08 AM

I don't know if I am happy or not with the sky rocket of mnx price right now. I just can't believe it, this is too fast. Now i am start regretting my decision to buy more mnx when the price drop to $10, because I know it will never happen anytime soon

I feel you, I know Minex since the ICO, but didnt gave it enough attention, now we see it skyrocket and one starts to regret not getting in in time. But its always like that, there is always another good opportunity waiting around the corner.

Buy now while its down at 0.0021, it is good while price is down! Then park! Still you have a chance

I bought some more around $21, I dont want to miss out because the price could go to another level tomorrow $35+

you are good Wink

bribed

full member

Activity: 238

Merit: 100

Quote from: Continuous on November 28, 2017, 10:31:32 AM

I invested on Minexcoin during the ICO, I participated in the bounty campaign of MinexCoin and invested about $1.8K on it when it was at $10 though my original plan was purchasing them at $1 on the 1st of November (unfortunately couldn't get the funds to do so by then Sad

). Although, still been parking my coins and I couldn't be happier, already at 2.5x and I can see it getting higher.

Good on you! Congratulations, hodling always pays off! Two questions: what was the ICO price again? Can someone explain why there is such a huge rise now? And why is Minex expected to reach 35 or more in the coming days? Read some comments that stated that. Any reason why it should take off like this now? Besides of hype.

revenant2017

sr. member

Activity: 728

Merit: 252

Healing Galing

Quote from: toucan on November 27, 2017, 08:23:20 PM

Quote from: revenant2017 on November 27, 2017, 06:55:05 PM

Quote from: TeMHuK on November 27, 2017, 06:44:00 PM

Quote from: revenant2017 on November 27, 2017, 06:32:53 PM

Now that Bitcoin's price is at 9.7k usd which means, ICO price of 0.0023 is equivalent to $22.31, will there be changes in the target of memorandum? The ICO is tied with Bitcoin Price so it should be tied with that amount. Minexcoin reach exchanges with Bitcoin Price of 7k. Now it's 38% up since November 1. Around that time, 0.0023 is equivalent to $16 and the set target amount of $20 due to yearly inflation rate.

Anyone want to agree with me?

just read memorandum. https://minexbank.com/index.php?r=site%2Fmemorandum Wink

I already read it a lot of times. The original ICO price was at 0.0023. We paid in BTC so it should be tied with BTC too. With BTC reaching new heights, we can't reach the original ICO price if it's tied with USD. The priority should be the ICO price in BTC then to USD. If someone bought at ICO with only few bonus on the original ICO price of 0.0023, and with the Lock target of $20, that is equivalent to 0.0021 only. So for every coin bought during the ICO will lost 0.0002 per coin. If you have 1000 MNX coin, that is equivalent to 0.20 BTC losses. So to prevent these losses to the early ICO investors, it should be not lower than the 0.0023 ICO price.

WTF it BTC went down to $1500 and now MNX was way above price BTC ICO you would be happier even if only $10..get a grip

What WTF? Do you even understand the point here? The ICO price here is 0.0023 so it should be tied with BTC incase there is a pump on BTC. If there is a case of dumping in BTC, Minexbank will do it's best to stay the price on $20 level. So the higher the BTC, the higher price will be. If BTC continued to pump, and stays only on $20 level, we won't be seeing that 0.0023 BTC bought from ICO price.

Topic: Minexcoin - A new era of payments - page 592. (Read 646965 times)