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This is the new strategy that most devs are using to steal money from investors. They tell you they are in seed round or private sale, whatever way they may call it and offer larger bonuses that will entice investors into buying with the hope that they have the coins for cheap and for that matter they are lucky but here is the case that period never ends so in turns out to be that the investors are losers instead of being lucky.
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It isn't too late to buy but do not expect it gain when you buy some because we are in a bear market and for that matter the little rise in the price of every coin will lead to a correction because people will rush to take their profits.
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They planned SCAM from the very beginning. In the pre-ICO they lied investors about 1710 BTC worth investment made by "prominent europen bank", only to avoid to return money to investors due to failure to collect needed money.
They gave false promises about keeping price in tight, +-5% range, Minexbank interventions on market ot preserve coin value, how coin will increase value in 2018 for at least 84.88%.All these promises were made just to trick investors to invest in Minexsystems.
They presented investors Whitelist they have never intended to achieve. Almost immediately after Minexsystems collected BTCs in ICO phase, they began with making AR and VR games,things never mentioned or planned in Whitelist. So,they diverted investors money in Boris Shulayev private project,instead to realize Whiltelist,scamming investors.
But ,money collected in the ICO was not enough for making AR and VR games,so they were selling theirs premined coins,worth 100s of BTCs on Livecoin and EXMO ,effectively destroying markets. When the price came almost to $1-2, they opened Instabuy to sell remained premined coins. Instabuy removed buyers from exchanges, increased sell pressure and pushing price of MNX coin into oblivion.
Finally ,they started illegal payment card scheme,just as a tool which with Instabuy will help them to sell all remained premined coins :
- illegally used other company(UAB KRISTOLINIS DUGNAS) account on Upaycard,breaking basic Upaycard and Mastercard regulation and FCA AML laws through hiding true beneficial owner of account
- sending cards to people which residence is out of EEA zone,giving Upaycard false information about theirs real place of residence which put in jeopardy Upaycard license(only for EEA zone) issued by Mastercard
- they denied users access to theirs sub-accounts on Upaycard,forcing them to pay Minexpay special tariffs anf fees if they want to use card
Now they want to sell investors virtual shares from the AR game they made with investors money
This is one never ending scam.
I wonder if there are people still interested in this project because everything proves that it is a clear scam. They don't even allow members to share their worries and frustrations in the group. Only diverting people's attention from what must be asked. if there was ever something to do to remove minexcoin from the crypto world, I would have gone for that. It is killing people and no one(team members) seems to care about it. They should be given a permanent ban on bitcointalk. the negative trust is not enough to deter investors from putting their money in this project. |
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Minex team promised investors that mnx will always be maintained in the top 100 coins on cmc. #they don't care about price now(they have developed a mechanism to sell all their coins-instabuy[https://instabuy.minexpay.com/]). Now mnx has promised to sell part of their omnigame shares, it will be the next Pokemon go#IMO, it will be worth nothing as mnx price is now. What will be their next excuse? [just an assumption] We are focusing on minex exchange. It will be amount the top 10 crypto exchanges in the world. #it'll be launched without even a thousand dollar daily volume on the exchange. Please do your own due diligence before buying this coin because it is very likely to exit scam because the team only cares about their profit. Check their telegram group and read how investors are crying now and then( https://t.me/minexcoin) |
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There has been a lot of good news circulating around which should even take BTC far above this $4K price mark that it is finding difficult to remain there. The market is gradually seeing an improvement and I think everything will be over soon.
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Every project would want their tokens to be traded and have large volume in the crypto martket and this is why the project managers do not want to give bitcoins or ether to the promoters. Most of the devs believe that bounty hunters hold just an insignificant of the total supply but they can trigger trading on the exchanges.
I do not actually think tokens are given with the purpose of increasing the trading volume because they could have done it on their own but it is because they cherish those ETH and BTC than their own coins/tokens.
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This is a very old news lol
And I don’t think it was a mistake because the same wallet did it 3 times
Simply use imtoken always, it uses the best and standard gas for you any time
It takes just some few clicks to set your own transaction fees. The process is even partly automatic as it tells you which number to choose. This is common to almost all the wallet providers of the ETH blockchain. Always remember to check, https://ethgasstation.info/ for the values to choose. |
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There is no need for a strict regulation of ICOs but what can be done is that all funds should be paid to an escrow so that in an event that the project becomes unsuccessful, the escrow pays back to the investors. There is no need for governmental agencies to come in this. We can agree to do this simple.
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If the bear market stays longer than expected will you take your leave and forget cryptocurrency ever existed? But the marketcap is getting larger and larger is that not enough to change your minds and stay?
I am staying in this business even if Satoshi himself speaks against it. With the point that crypto has reached, no one can stop it because even in the bear period people make a lot of money as the bull run so why will I quit when I know what to do and survive the harsh periods of the market. |
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At first, buying at ICO stage was the most profitable but due the the greediness of some of these project devs, the situation has shifted to the extent that even if you were given a 100% bonus, it is not likely you would reach the ICO price so my little advice is that wait for the coin to be listed on an exchange and then you buy at the dip when people are dumping hard.
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This is not the case for this year's round of bear period because it has lasted more than what people thought it would and has driven some people away from crypto already because they couldn't stand making losses. It isn't easy to cope with a bear market so many keep talking about it but there is nothing to be done, if there is bull run time, no one can stop it. This year, I think the performance of BNB will initiate the bull run as it has proven that crypto is still not dead.
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ICOs are not dead yet but I do not see a good future for them because IEOs are much trusted and investors do not have to pay their money onto accounts they don't know anything about. There are many benefits to partake in IEOs than that of ICOs and one of them is the possibility of being scammed on ICO sites.
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Expecting a bull run is what keeps us in this game so I think it is cool to think that the market will not remain the way it is as now but it will come a time when we will see greens over a month a some people might even want it to go red so that they get in but they may be late at that time.
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The little I have learnt is that even in the bear market period, the bears make money and and the bulls also make. it is always those who stay indifferent that suffer. From this, I know what to d now and I am not going to blame anyone from selling.
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Ether is still a good coin to invest in so if you have some money, get some and store for the near future profit. Binance coin has also been doing well and everything seems like it will be the biggest coin to watch in the event of a bull run.
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I am not expecting a market recovery that much this year but this year may be a good time for some coins to gain the needed trust and accumulate momentum for a possible 2020 recovery year.
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you are indeed confusing a lot of different definitions with each other!
first lets start with the market definitions:
bull market: is simply a market where you expect prices to go higher so in this market buying on each dip is recommended.
bear market: is simply a market where you expect prices to drop and continue to go down so in this market selling on each high is recommended.
similarly a bull is a trader that speculates the market is in "bull mode" so he acts accordingly (buys in dips) and a bear is the opposite meaning he sells.
the only trick to be successful is to speculate when it is a bull market and we are in a bear market so that you can act accordingly because if you act as a bull in a bear market or a bear in a bull market you will lose money because you are going against the current.
you have really made me understand the whole terms. Thanks a lot and indeed, I was confused at first but you have clarified things to me. I will not blame people for selling at higher prices this time again because that's the only way to make money. |
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As long as the bear market is not really over, we should be ever ready to see a big drop in the price of BTC at any time. I am not saying this because I want it to drop but because of the activities of some people who want us to be back always.
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If you have been in this crypto industry, especially in this period, you would keep hearing "bears" Who do you think are the bears that we keep mentioning?
1. Are they some group of people who aim at destroying the market each time?
2. Can anyone at all be call a bear?
Personally, I think that in our current bear period, traders are the main bears because they keep taking us back just because of the little profits they will get.
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