Minexcoin - A new era of payments

[Fabriz]

Marketcap:
Bitconnect 6.571.875 USD
Minexcoin $22.815.761 USD

crazy 

[1714771380]

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[1714771380]

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[1714771380]

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[1714771380]

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[bozicso]

Let's make same fun. I want to see how people think.  Make prediction for mnx price on 30.09. Date before 3rd Memorandum.

A.  1-2$
B.  2-4$
C.  5-8$
D.  8$+

Also,  what you expect to see in 3rd Memorandum?

[Fabriz]

Let's make same fun. I want to see how people think.  Make prediction for mnx price on 30.09. Date before 3rd Memorandum.

A.  1-2$
B.  2-4$
C.  5-8$
D.  8$+

Also,  what you expect to see in 3rd Memorandum?

8$+

[lyka]

If I do not make a mistake, then the issue of cards should assume a relative stability of the exchange rate?

[Fabriz]

If I do not make a mistake, then the issue of cards should assume a relative stability of the exchange rate?

the card will help to maintain the stability, but not the only

[Piucham]

Let's make same fun. I want to see how people think.  Make prediction for mnx price on 30.09. Date before 3rd Memorandum.

A.  1-2$
B.  2-4$
C.  5-8$
D.  8$+

Also,  what you expect to see in 3rd Memorandum?

There depends that you want to do. That you prefer spending or guarding mnx?

[rahmat86]

Let's make same fun. I want to see how people think.  Make prediction for mnx price on 30.09. Date before 3rd Memorandum.

A.  1-2$
B.  2-4$
C.  5-8$
D.  8$+

Also,  what you expect to see in 3rd Memorandum?

i think price will dump to 2-4$, bitcoin still trend down for now. so i waiting for MNX 2-4$
keep calm to more buy MNX
do you have plan to add more exchange ?

[bcfkm]

Random guessing on the future price is not productive.

Unsupported statements such as "the cards will help the price" are equally as unproductive.

See my post a page back where I justify my prediction with some reasonings. I fully understand that my reasonings may be flawed, and would really appreciate a long discussion with many of you about why you analyse the situation differently.

To help this project, secure our investments and enable us to offer constructive suggestions to the Minex team, let's debate our predictions, with supporting reasoning and help to think of some mechanisms to encourage market liquidity and volume.

The minex team may well reject the ideas with their own conflicting analysis... Which would also be great... It means we have explored multiple strategies with them and they've chosen the strongest.

There's really no need for any more "this project has great potential!" one-liners. We don't need so many 'we're so great' self congratulations. Minor delays aside, the Minex team are doing a great job and we all know it. Perhaps some targets were ambitious and everyone learned from that. We are all pleased with their dedication and reporting. Enough on that.

If you refer back to my long post a page back... I've concluded that the strategies that gave this project such a great kick-start and now starting to hinder it severely... To the point where this same strategies may suck enough liquidity out of the market to crash it irreversibly.

Does anyone have an alternative analysis they would care to share?

[bcfkm]

the card will help to maintain the stability, but not the only

can you explain why you think so?

A quick look at MinexExplorer will show you that only ~600 wallets hold more than 500 coins.  You only need to have 250 coins to make the top 1000.

Only ~900 people have completed card orders and only 53% of these have started the KYC process with just 42% completing it.

We have a relatively low number of people holding and hoarding... with an equally low number of people dumping when parking matures.  Due to the size of the sell orders being dumped at once, we get very short volume spikes.

The card will not make any sudden impact on the market as they do not demand more buying.  In the worst case scenario... if enthusiasm for the cards does not rapidly and suddenly surge... usage of the few cards in circulation will only generate more selling = price falling further.

[tomsmith26]

Let's make same fun. I want to see how people think.  Make prediction for mnx price on 30.09. Date before 3rd Memorandum.

A.  1-2$
B.  2-4$
C.  5-8$
D.  8$+

Also,  what you expect to see in 3rd Memorandum?

I choose the answer D.
If Visa cards are successfully completed and visa application for Minexcoin platform is fully done, I think we can see new price above 20$ or more even bitcoin price is being down at that time .

[seven.71]

Let's make same fun. I want to see how people think.  Make prediction for mnx price on 30.09. Date before 3rd Memorandum.

A.  1-2$
B.  2-4$
C.  5-8$
D.  8$+

Also,  what you expect to see in 3rd Memorandum?

I hope they increase the parking rate at minexbank so the price goes up because the second memorandum is far from the desired price so I choose the answer D even exceeds $10+

[bcfkm]

I hope they increase the parking rate at minexbank so the price goes up because the second memorandum is far from the desired price so I choose the answer D even exceeds $10+

The parking rates were much higher before... around 15% a month... to kick start the project.

Even the current rates are remarkably high and not sustainable long-term.

A rates increase will be no good for anything other than a short term spike and subsequent crash.  The interest has to come from somewhere.  Who will pay for it?

[bozicso]

Random guessing on the future price is not productive.

Unsupported statements such as "the cards will help the price" are equally as unproductive.

See my post a page back where I justify my prediction with some reasonings. I fully understand that my reasonings may be flawed, and would really appreciate a long discussion with many of you about why you analyse the situation differently.

To help this project, secure our investments and enable us to offer constructive suggestions to the Minex team, let's debate our predictions, with supporting reasoning and help to think of some mechanisms to encourage market liquidity and volume.

The minex team may well reject the ideas with their own conflicting analysis... Which would also be great... It means we have explored multiple strategies with them and they've chosen the strongest.

There's really no need for any more "this project has great potential!" one-liners. We don't need so many 'we're so great' self congratulations. Minor delays aside, the Minex team are doing a great job and we all know it. Perhaps some targets were ambitious and everyone learned from that. We are all pleased with their dedication and reporting. Enough on that.

If you refer back to my long post a page back... I've concluded that the strategies that gave this project such a great kick-start and now starting to hinder it severely... To the point where this same strategies may suck enough liquidity out of the market to crash it irreversibly.

Does anyone have an alternative analysis they would care to share?

Thinking in the right way. Unfortunately, I was tired of talking about mistakes. MNX does not want to listen, they always do their own thing and continue to sin.

In December 2017, I wrote on their telegram that the ice age for the crypt was coming. Everyone laughed and wrote that I was crazy. What's happening right now? We're going to my $ 4400. 90% of the coin will die, be abandoned.

only those with a serious project will survive. if they do not return the trust of the community it will not be good, there is not much time for this

quarter parking will go through the cards, btc comes to the price of profitability, mnx does not have instruments for increasing demand, so I asked for a price, to see how many people think with their heads and how much they live in dreams

Btw my vote less then 2$

[btcmegastar]

I hope they increase the parking rate at minexbank so the price goes up because the second memorandum is far from the desired price so I choose the answer D even exceeds $10+

The parking rates were much higher before... around 15% a month... to kick start the project.

Even the current rates are remarkably high and not sustainable long-term.

A rates increase will be no good for anything other than a short term spike and subsequent crash.  The interest has to come from somewhere.  Who will pay for it?

In this bearish we don't have any exact prediction about the price. From the beginning, their interest rates are quite impressive because people are getting for just parking them. They know how potential the minex coin is going to be because with the things they have in pipeline will help them to boost the price.

[sxafir]

Free debit card revolut not tell you give from me.This can block your funds use own risk.!!

[Sanmark]

Let's make same fun. I want to see how people think.  Make prediction for mnx price on 30.09. Date before 3rd Memorandum.

A.  1-2$
B.  2-4$
C.  5-8$
D.  8$+

Also,  what you expect to see in 3rd Memorandum?

I think minexbank should raise interest parallel with 30.09 and we could have 10+ or 15+ like in golden minex times, and it could be possible with a lot of coins being burned through paing for cards and transactions etc...

[hopenotlate]

Free debit card revolut not tell you give from me.This can block your funds use own risk.!!

Your post raised my curiosity because you mentioned revolut card and I use one quite often but can't really understand what you wrote : would you care to explain better what you meant?

[BitPotus]

https://coinmarketcap.com/currencies/minexcoin/

isn't their algo supposed to stabilize the price?

where does the money for the interest payment come from?

The more I look into it, the more it seems to be a sophisticated Bitconnect type operation.

 

[MineCoin.org]

do you have plan to add more exchange ?

I think yes, but need clarify.

[Racquemis1]

https://coinmarketcap.com/currencies/minexcoin/

isn't their algo supposed to stabilize the price?

where does the money for the interest payment come from?

The more I look into it, the more it seems to be a sophisticated Bitconnect type operation.

 

Well you cleverly didn't look well enough otherwise you would have known the interest comes a 1.5 million mnx reserve generated on the genesis block and that each block mined on the networks sends 20 percent of the total reward to the minexbank reserve.