Minexcoin - A new era of payments

[jenlex13]

I lost over $20,000 on this coin. I watched it flounder for days before selling off my tokens a couple of hours ago. I am thoroughly annoyed. I would've held onto them if I had any hope that the price would recover, but I don't really think that it ever will, for a number of reasons:

1) As mentioned by a previous poster, the interest rates that Minexbank are offering are so high that the coin will be struggling against constant devaluing and people trying to offload the coins they've gained through interest at whatever rate they can sell them for quickly. This constant supply of coins essentially from thin air means that people are going to be resistant to paying higher prices for the coin from now into the future.

2) Following on from point (1), the whole structure of the interest payout system does not seem sustainable, at least not without consistent devaluing of each coin's worth. Many have said that it seems like a Ponzi scheme, and while this might be an incorrect comparison, at the very least it doesn't seem likely that the current system can continue without the coins ultimately being reduced in value to a fraction of their current worth, a drastic reduction in the interest rates Minexbank is paying out, or both.

3) The Minexcoin team themselves have said that the coin is meant to be low volatility after a calibration period of a few months, and the coin appears to be trending down to a long-term level that will be maintained by the coins algorithm far below the high of a few days ago. The Minexcoin team predicted a stable price of around $20.

4) Bitcoin's insane run, which is showing no signs of ceasing, means that any further gains that Minexcoin makes towards its previous high in terms of monetary value per coin will be largely offset by its reduced value in fractions of a Bitcoin per Minexcoin; Bitcoin is by far the better bet in this case based on it's history, and will likely continue to eclipse any gains made by Minexcoin.

5) There is still no news of the coin being listed on other exchanges, and no guarantee that it ever will be. Even if it is, I don't see this helping with any of the above points.

you waste your time to create another account just to say that minexcoin is useless?

[elegant_joylin]

The Minexcoin team predicted a stable price of around $20.

No, they did not. No wonder why you loose money with such analysis...

In crypto is large problem. People do not want to collect information, they want to invest 20$ and get huge profit in one day. But if you do researching all the time you will get your money, remember no pain no gain 

Yes Minexcoin did not say a stable price of around $20. Read the whitepaper again so that you will understand. I'm pretty sure if you read & understand it, you will probably buy again.

[myminex]

I was quoting someone else in this forum in regards to the $20 stable price. The way I see it, I can always buy back in if the price picks up again. In the meantime I think my remaining funds are safer in Bitcoin.

What do you mean by another account? I have never signed up to this forum before now, though I have ghosted it a fair bit.

 
You buy high prices and sell low prices ak?

[elegant_joylin]

Bitcoin started in 2009 - after 8 years - now at $15,225.50 (as of this writing)


Minexcoin started in 2017 - after 28 years - $52,600


It's my opinion guys!

[jenlex13]

Do I really need to read dozens of pages of largely uniformed opinions and misinformation from people trying to make the price go one way or the other in order to get an idea of where this coin is going? I don't think so. Let's not pretend that the majority of you aren't in a similar position to what I was in until a couple of hours ago; desperately hoping that the price recovers while having no real idea of whether or not it will. I am willing to bet that the majority of people here do not have a particularly in-depth knowledge of the programming and concepts behind this or other coins, and whether or not it is really feasible that they will be successful - sure you can read the whitepaper, but without being involved in the field you are really only going to glean surface-level knowledge, compounded with the marketing tactics of the development team.

So what do you want us to do? Sell all our coins like you did? If you already sold your coins then get over it! Nobody pushed you to buy MNX at high price and sell it LOW.

[fabcl]

The Minexcoin team predicted a stable price of around $20.

No, they did not. No wonder why you loose money with such analysis...

In crypto is large problem. People do not want to collect information, they want to invest 20$ and get huge profit in one day. But if you do researching all the time you will get your money, remember no pain no gain 

I completely agree

[jenlex13]

Let me just clarify that the $20,000 'loss' was not a loss of my initial investment, just a loss of potential profits. I still sold the coin at a higher price than I bought it at, and I have lost all faith in the coin's ability to recover its price beyond the $30 mark. I think that it is much more sensible to convert it back to Bitcoin at this point.

then do it.. but don't expect us to do what you did? we have are own different opinion and decisions.

[jenlex13]

All I am trying to do is present a different viewpoint and hopefully make a few people see reason and sell their coins before it crashes another 50-100%. There are so many people here desperately trying to deceive people into thinking that this coin is the next big thing on the feeble hope that they can get their money back. Many of your statements influenced me at least somewhat into holding onto the coin for much longer than I should have. There was ample opportunity to sell it at around the $45 mark. The coin continues to dip lower and lower, and for the reasons I stated earlier, I don't see it recovering. So if I can convince just one person to sell now and avoid financial heartache, then I am happy. The coin is dead people.

what you're trying to do is you want most of the people here to sell their coins so the value of MNX will decrease.. and you will buy MNX again for a low price..
Don't Kid us. Typical FUDer!

[Fabriz]

All I am trying to do is present a different viewpoint and hopefully make a few people see reason and sell their coins before it crashes another 50-100%. There are so many people here desperately trying to deceive people into thinking that this coin is the next big thing on the feeble hope that they can get their money back. Many of your statements influenced me at least somewhat into holding onto the coin for much longer than I should have. There was ample opportunity to sell it at around the $45 mark. The coin continues to dip lower and lower, and for the reasons I stated earlier, I don't see it recovering. So if I can convince just one person to sell now and avoid financial heartache, then I am happy. The coin is dead people.

why you created a new account for posting ?    

[annazaitun87]

are you afraid if the price of minexcoin will go down, I think it is not necessary, you need not fear only with minexbank you can benefit again and again, but should be reviewed so that investors can plan their investment again in m

[myminex]

All I am trying to do is present a different viewpoint and hopefully make a few people see reason and sell their coins before it crashes another 50-100%. There are so many people here desperately trying to deceive people into thinking that this coin is the next big thing on the feeble hope that they can get their money back. Many of your statements influenced me at least somewhat into holding onto the coin for much longer than I should have. There was ample opportunity to sell it at around the $45 mark. The coin continues to dip lower and lower, and for the reasons I stated earlier, I don't see it recovering. So if I can convince just one person to sell now and avoid financial heartache, then I am happy. The coin is dead people.

what you're trying to do is you want most of the people here to sell their coins so the value of MNX will decrease.. and you will buy MNX again for a low price..
Don't Kid us. Typical FUDer!

minexcoinisuseless is FUDer! Minexer not sell slow. So pay attention to this recipe : MNX x (1 + rates)^day  =  your MNX.

[jenlex13]

All I am trying to do is present a different viewpoint and hopefully make a few people see reason and sell their coins before it crashes another 50-100%. There are so many people here desperately trying to deceive people into thinking that this coin is the next big thing on the feeble hope that they can get their money back. Many of your statements influenced me at least somewhat into holding onto the coin for much longer than I should have. There was ample opportunity to sell it at around the $45 mark. The coin continues to dip lower and lower, and for the reasons I stated earlier, I don't see it recovering. So if I can convince just one person to sell now and avoid financial heartache, then I am happy. The coin is dead people.

what you're trying to do is you want most of the people here to sell their coins so the value of MNX will decrease.. and you will buy MNX again for a low price..
Don't Kid us. Typical FUDer!

minexcoinisuseless is FUDer! Minexer not sell slow. So pay attention to this recipe : MNX x (1 + rates)^day  =  your MNX.

This is the best time to buy more minex ..

[jenlex13]

I don't think that automatically branding people with dissenting opinions as 'FUDers' is helpful. People need to be aware of the fact that none of the opinions presented here can be trusted in any way (mine or anyone elses), and that they are mostly provided out of self-interest. Can any of you tell me with any degree of certainty where the price of Minexcoin will be in 3 months? 6 months? A year? 5 years? No you cannot.

you really do need to Lower the MNX price that much huh.. i pity you..

[myminex]

I don't think that automatically branding people with dissenting opinions as 'FUDers' is helpful. People need to be aware of the fact that none of the opinions presented here can be trusted in any way (mine or anyone elses), and that they are mostly provided out of self-interest. Can any of you tell me with any degree of certainty where the price of Minexcoin will be in 3 months? 6 months? A year? 5 years? No you cannot.

So pay attention to this recipe : MNX x (1 + rates)^day  =  your MNX. You know minexbank?

[Fabriz]

I don't think that automatically branding people with dissenting opinions as 'FUDers' is helpful. People need to be aware of the fact that none of the opinions presented here can be trusted in any way (mine or anyone elses), and that they are mostly provided out of self-interest. Can any of you tell me with any degree of certainty where the price of Minexcoin will be in 3 months? 6 months? A year? 5 years? No you cannot.

But why you don't use your real account to post this things ?

[jenlex13]

So, I think it is reasonable to suggest to people that the price may crash to an even greater extent than it has already, so that they may consider getting out before the loss is even more painful. None of you can say with any degree of certainty that I am wrong in this assumption. I say this without any degree of self-interest, as I don't really have any intention of buying back into this coin, given that, ironically, it has already proven itself too volatile (I know the low-volatility algorithm hasn't kicked in yet, but who knows how well that will work).

so you're saying you are just being good to us by forcing us to sell our minexcoin?
what do you think of us here? kids?

[BitcoinVSfiat]

If it goes back to 10-15$ I might be interested. Current price is not reflecting the project, it's overpriced. People also want to stay in BTC, don't want to flow their money on alts currently.

[myminex]

So, I think it is reasonable to suggest to people that the price may crash to an even greater extent than it has already, so that they may consider getting out before the loss is even more painful. None of you can say with any degree of certainty that I am wrong in this assumption. I say this without any degree of self-interest, as I don't really have any intention of buying back into this coin, given that, ironically, it has already proven itself too volatile (I know the low-volatility algorithm hasn't kicked in yet, but who knows how well that will work).

I think you should not enter the market. You are not brave, brave. Cryptocurrency is risky. Nobody knows what happened even bitcoin.

[Fabriz]

So, I think it is reasonable to suggest to people that the price may crash to an even greater extent than it has already, so that they may consider getting out before the loss is even more painful. None of you can say with any degree of certainty that I am wrong in this assumption. I say this without any degree of self-interest, as I don't really have any intention of buying back into this coin, given that, ironically, it has already proven itself too volatile (I know the low-volatility algorithm hasn't kicked in yet, but who knows how well that will work).

so you're saying you are just being good to us by forcing us to sell our minexcoin?
what do you think of us here? kids?

His opinions are valid for all the cryptocurrencies, he can write the same things in each crypto thread, also Bitcoin is useless. But i don't understand why if he post legit opinions, have afraid to use his real nickname    

[Fabriz]

I promise this is my one and only account.

this is not your only account because for writing your legit opinions you must be in crypto world by many years. Or you are a newbie that have invested 20.000$ in Minex ?