Minexcoin - A new era of payments

[LGD2Business]

I'm so stupid, so maybe someone can explain, how inflation is helping to increase the price? If I'm getting more coins after a week I will dump more so the price will go down all the time because there will be more coins than investors. There is no demand for this coin.

If there is no demand how do you explain buy orders in the market? LOL. If it's overpriced sell and buy back lower. Market always have the balance. Minex team doesn't need to do anything else than set the interest rates.

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[SetasSan]

I'm so stupid, so maybe someone can explain, how inflation is helping to increase the price? If I'm getting more coins after a week I will dump more so the price will go down all the time because there will be more coins than investors. There is no demand for this coin.

If there is no demand how do you explain buy orders in the market? LOL. If it's overpriced sell and buy back lower. Market always have the balance. Minex team doesn't need to do anything else than set the interest rates.

maybe demand is to collect some coins, then pump and dump them. Many coins have same demand.
https://imgur.com/a/AZzGb
looks like a dump

[myminex]

why ? buy more than sell, prices fall? 

[MineCoin.org]

Dear community!
Interest rates in the MinexBank has been changed
You can enable email notifications in your MinexBank settings

[kenzie95]

I'm so stupid, so maybe someone can explain, how inflation is helping to increase the price? If I'm getting more coins after a week I will dump more so the price will go down all the time because there will be more coins than investors. There is no demand for this coin.

There's no demand yet because it still needs some marketing and bigger exchange. When people find out about the bank and interest rates, and the anti-volatilty alghoritm, trust me it's gonna be real boom. I find this dump really good cuz I'm not gonna day trade this coin anyways, just park it and earn huge interest

[MineCoin.org]

Minexcoin Info:
Hashrate: 81.37 MSol/s Difficulty: 2.0373992440098

MinexBank Rates:
Daily: 0.89% Weekly: 4.5% Monthly: 13.9% Yearly: 70%

Price of MNX: $31.43

[mjohn]

It's always like this. Good dump brings always profitable pump. I think it'll drop to $15 then rise again.

[uhro]

And they have promised not volatile market. 5% from 1$ -> 70$ -> 30$. Serrously ? looks like algo is not working

You need to do some finer reading... https://medium.com/minecoin-blog/minexcoin-monthly-report-1-hit-the-top-675ab5b48fa1
This was posted yesterday.

Another question which was asked in the community several times was “What will be with the price after $20 high and what does the MinexBank do with fluctuations similar to December hits?”. According to MinexBank Memorandum, our algorithm needs three months for a final calibrating and before reaching this point the price will depend on the market like it’s happening now. So if the market would think that the MNX price should be much higher than it claimed in Memorandum, it will raise. Also, it must be said that, accordingly to our White Paper, Minexbank would correlate the price within 5% range from the cost based the previous day’s closure price.

“The 20$ price was the first basic point set in our Memorandum, — says Boris Shulyaev, CEO of MinexSystems. — But if you read this document closely, it mentioned that price can differ highly and will set on the mark which market established itself. However, with the price and volume growth, we’ll see fluctuations reductions”.

The algo is accounting for "previous day's closure price" as stated in the quote.

They really need to remove that $20 statement on the bank page, it's very misleading.

[SuperPower]

why Minex coin (MXN) price decreased a lot? I bought a lot of coin with 49$ and still holding them.But today I am very scared about those coin.some one discuss about it please.

you should parking your coin in minexbank!. Do not worry about the price, it's definitely not under $ 50 at the end of 2018.

you need to check it https://coinmarketcap.com/currencies/minexcoin/ $23.81 USD  right now the price of minexcoin. I think i did good .Will buy again when it will be $15

[Yanyan 111]

I'm sorry for people who bought it at $ 70, mnx is a bad project for me

[jmunn44]

I'm sorry for people who bought it at $ 70, mnx is a bad project for me

I warned People on here that they were not following their memorandum, they lost credibility by not reducing rates after 20. It seems like they just want the price higher instead of slow steady growth like they promise. Now you will need to keep rates very high to attract people again.

[MineCoin.org]

I warned People on here that they were not following their memorandum, they lost credibility by not reducing rates after 20. It seems like they just want the price higher instead of slow steady growth like they promise. Now you will need to keep rates very high to attract people again.

Did you read it at all?
"first three months from November 1, 2017, will be the period of creation and development of the MNX exchange market. The market will be formed in stages due to different terms of trades launching on various exchanges. In addition, there will be a process of testing and debugging the algorithm of Minexbank's operation in real conditions (the development of a database and response tools). Therefore, deviations from the real macroeconomic parameters declared in the Memorandum are possible in first three months."

https://minexbank.com/memorandum

[TeMHuK]

Jump to the train people, it's departs

[Racquemis1]

I'm sorry for people who bought it at $ 70, mnx is a bad project for me

I warned People on here that they were not following their memorandum, they lost credibility by not reducing rates after 20. It seems like they just want the price higher instead of slow steady growth like they promise. Now you will need to keep rates very high to attract people again.

Wow. price starts to go down and everybody starts whining again. It was clearly stated in memorandum that there is a 3 month testing and learning period for the bank.
They have not lost any credability.
The price is correcting down to organic growth which is a good thing. We will know the coins real value soon.
If you count out the delibirate pump you'll actually see the slow growth your were looking for. Just look pre 30th november and the current price. its all in line.

[wishxy]

Even on $23 MNX has increased 845% in one month.

[Pump N Dead]

nice to see its dumped again. Need to buy more while its getting cheaper to add in my parking coins. Keep up the fud please.  


They just dont know, while weak holders whine somebody is secretly accumulating cheaper and cheaper. We will expect great pump soon.

[bet1102]

Jump to the train people, it's departs

I sold MNX for you and Sandman53. And i am crying now
But, i still lucky. Sold 600 MNX for total 3,3 BTC on Livecoin
And still hold 700 MNX on minexbank

[jenlex13]

Jump to the train people, it's departs

I sold MNX for you and Sandman53. And i am crying now
But, i still lucky. Sold 600 MNX for total 3,3 BTC on Livecoin
And still hold 700 MNX on minexbank

Wish i have many minexcoin like you..

[easyrimka]

nice to see its dumped again. Need to buy more while its getting cheaper to add in my parking coins. Keep up the fud please. 

everything is dumping lol , everything, only monacoin remain strong

[sidik7]

MNX for future , and more people was succes on Holding this coin,
and think today price on market it stay on dump , so if want to get profit
i think buy some coin with a low price, and sell in high price.