Minexcoin - A new era of payments

[YuSK]

Cards will never be sent. I guarantee it.

[TeMHuK]

Cards will never be sent. I guarantee it.

How you can guarantee it? With your money?    Newbie trying to guarantee something Ha ha

[Hippocrypto]

Cards will never be sent. I guarantee it.

nice try but YOu need to support it with appearing real statements or a play of words for the effectiveness of the fud kiddy. 

[YuSK]

Cards will never be sent. I guarantee it.

nice try but YOu need to support it with appearing real statements or a play of words for the effectiveness of the fud kiddy. 

Look at the history of the coin, missed every deadline, misleading statements and lies in whitepaper, These are scammers here. take everything they say with a grain of salt

[syesraypb]

Looking goods actually, after 1 years since this post had been made, your team is now very strong. Good luck

[bozicso]

Taking into account the last transactions, so-far around 80k coins have been bought through Instabuy, 27k of them on the Saturday-Sunday night. This was the situation that caused the dump. There’s no such possibility any more

Can you explain how instabuys cause dumps?

Shouldn't it be causing buying pressure?

From: https://medium.com/minecoin-blog/announcement-launch-of-instabuy-refferal-and-cashback-programs-29c398741ff1

Instabuy users just have to send their BTC (or BCH) to the designated address and receive the associated MNX (The supply of MNX will come from Minexcoin’s own funds). Once the transaction is verified and validated, the same amount of MNX will be bought from exchanges and taken out of the market. We endure the hassle, you experience the pleasure!


If 80K was bought via instabuy and those 80K were meant to come out of your own funds and then you are meant to go on the exchange to go buy

those 80K back, does that mean that you intentionally crashed the price so you can buy cheaper?

Can someone explain this to me cause am afraid am a bit thick....

Thanks.

not need to be to much smart to expect price dump due to a lot 90 days parking end in middle September. Now they have money and wait to price stop drop. If price reach 1$ we should expect MNX to that coins use to clean all orders on exchanges. Yes, it is manipulation, but current market situation ask smart move

[fabcl]

To take 80k buying pressure away from market is clear price manipulation!
It's not OK, that such things can happen!

Cryptos are not regulated...
Maybe you should consider classical stock markets.

[Prolifik]

To take 80k buying pressure away from market is clear price manipulation!
It's not OK, that such things can happen!

Cryptos are not regulated...
Maybe you should consider classical stock markets.

I do not think that the main problem is that the crypto market is not regulated. But the problem is with very low volume, so it is pretty easy to manipulate with the market.

[examplens]

--

not need to be to much smart to expect price dump due to a lot 90 days parking end in middle September. Now they have money and wait to price stop drop. If price reach 1$ we should expect MNX to that coins use to clean all orders on exchanges. Yes, it is manipulation, but current market situation ask smart move

How do you know that many parkings stand out in the middle of September? Why is not a beginning of October?

[Hippocrypto]

To take 80k buying pressure away from market is clear price manipulation!
It's not OK, that such things can happen!

Cryptos are not regulated...
Maybe you should consider classical stock markets.

I do not think that the main problem is that the crypto market is not regulated. But the problem is with very low volume, so it is pretty easy to manipulate with the market.

high volume or not still there are manipulations, tell me what high volume coin cannot be manipulated?. lol Its an open market so anybody can play the price they want if they own the GOLDs. Good thing about this project is they dont focus more on the price but rather with the development which is the right thing to do for a real project. Increase in price is useless without a working product.

And FUD, yes, they are essentials to the ones accumulating in shadows and will enjoy the real profit in the future.  

[bozicso]

--

not need to be to much smart to expect price dump due to a lot 90 days parking end in middle September. Now they have money and wait to price stop drop. If price reach 1$ we should expect MNX to that coins use to clean all orders on exchanges. Yes, it is manipulation, but current market situation ask smart move

How do you know that many parkings stand out in the middle of September? Why is not a beginning of October?

because most people start at 10.06. after % reach maximum percent and algo direct us to use 90 days parking
remember first % decrease was 10.05. and 30 days after that people start 90 days parking with 27-8% to catch good % because expect % drop after Exmo and Hitbtc listing 

[vlom]

Cards will never be sent. I guarantee it.

nice try but YOu need to support it with appearing real statements or a play of words for the effectiveness of the fud kiddy. 

It does not matter if the cards are sent out. They are just useless. If you use the card Coins are sold and you get fiat. You can sell your coins yourself to get fiat. You dont need to do this at the moment you buy something with you credit card. The money just have to be on you bank account at the end of the month.

[wwzsocki]

As mentioned in my earlier post, the release of the visa cards will not have a significant effect on the price of MNX.

The timing of their release is (I think unintentionally) going to coincide with the tail end of the first round of quarterly parkings. This will be fun to see... The natural market correction as sell pressure is reduced will cause the price to rise a little, and people will very incorrectly attribute this to the release of the visa cards. When the price dips again soon after there will be much alarm and I bet a weeks worth of posts claiming the project has failed.

Those people, myself included, who are excited about these cards and keen early adopters will no doubt already have sufficient holdings of MNX to fulfill the cards' minimum balance requirements. I would bet further that most of the 1000 odd people already fully signed up, ready to go, are holding back that reserve of minex from their long term parkings.

In short, most of the people who are ready to go already have the MNX required. We don't need to buy any more MNX when we get the card.

The next group of card users will be those already in knowledge of what's going on, already expressing interest and enthusiasm on the forums... Already holding decent amounts of MNX waiting to pull the trigger. These people also won't need to buy any significant amount to get up and running.

Now let's think about the spending action of the cards...

After users have dropped on a bit of MNX to price it works and we are all up and running... We want to spend some of our hard earned crypto right?

Well... The go-to coin for anything cross exchange is BTC. Everyone knows it and is familiar with it and has had to use it in some form.

If I want to flip any of my crypto holdings on to the card balance, I will use BTC directly. And so will anyone else. Why would I bother to FX it again in to MNX, pay trabsfer and exchange fees to do so, and hold a balance in a coin which is performing poorly (right now, see my earlier post). It would make far more sense to drop BTC straight on to the card instead.

The % incentive of charging and spending in mnx compared to btc is simply not enough right now to counter the (artificially) poor performing mnx and overheads required to do so. One day it will be, but right now it's certainly not.

So we won't have the big surge in buy volume required to raise a market price. Not yet.

An argument often put forward in previous discussions is that more people will learn of the cards, want to get involved, will require MNX to do so. But I don't think it will be so much. The requirements of a regular (blue) or gold card are not so significant in value.

And not everyone in the crypto community (which is still in its entirely a very small and niche market) will jump on board. Those that do will not be all at once. It will be naturally distributed over time... Which is exactly the behaviour we need on the sell side also but don't have.

So we will have a bit of a stabilising force which will be good. But it won't be a big enough force to drive the market. First we need to wait for the artificial mechanisms mentioned in my first post to dwindle and stop taking effect. The cards will help to reduce the decline, but not counter it.

Thank you for sharing your point of view and explanation.

I agree with you but not fully. You think that cards will be something which will help but I am not so sure. There are already other projects with working cards (Investa) and they just finished ICO. I assume that in the near future there will be no problem for any project to issue a card. That is why this will be so common that add no value to the project.
Would be great to see such a post from the Minexcoin team member.

I will ask what is your opinion about this broken algorithm?

I am very angry because when ICO was ongoing I found a review where a Youtuber broke this algorithm in the pieces and proved that this is pure bullshit and doesn't work at all. When I posted about this on Telegram a shitstorm started. They banned me and try to scare that they will not pay my bounty if I continue to spread FUD because the algorithm is good and working. Today we all know that this was a real bullshit.

[drmasa]

It does not matter if the cards are sent out. They are just useless. If you use the card Coins are sold and you get fiat. You can sell your coins yourself to get fiat. You dont need to do this at the moment you buy something with you credit card. The money just have to be on you bank account at the end of the month.

Its not that easy in every country in the world to transfer crypto to fiat. If I have BTC ATM in my country where I could withdraw as much money as I want there wouldn't be any need for cards!

[examplens]

--

not need to be to much smart to expect price dump due to a lot 90 days parking end in middle September. Now they have money and wait to price stop drop. If price reach 1$ we should expect MNX to that coins use to clean all orders on exchanges. Yes, it is manipulation, but current market situation ask smart move

How do you know that many parkings stand out in the middle of September? Why is not a beginning of October?

because most people start at 10.06. after % reach maximum percent and algo direct us to use 90 days parking
remember first % decrease was 10.05. and 30 days after that people start 90 days parking with 27-8% to catch good % because expect % drop after Exmo and Hitbtc listing 

My monthly parking started at 05.05, I did not cancel it because of the new one parking rate. After that, I am parked monthly again even if there new rate.
Whatever, there is no strict rule, It's more individual and I do not think it can drastically affect the price this way

[RafalZ]

Cards will never be sent. I guarantee it.

nice try but YOu need to support it with appearing real statements or a play of words for the effectiveness of the fud kiddy. 

It does not matter if the cards are sent out. They are just useless. If you use the card Coins are sold and you get fiat. You can sell your coins yourself to get fiat. You dont need to do this at the moment you buy something with you credit card. The money just have to be on you bank account at the end of the month.

Yes, you can send coins to exchange, trade for btc, trade btc for money, withdraw money, wait few days the money come to your bank, withdraw them with your bank card

or.....

you can send mnx to minexpay, withdraw them with crypto card or pay for something...... profit

The choice is yours

[bozicso]

--

not need to be to much smart to expect price dump due to a lot 90 days parking end in middle September. Now they have money and wait to price stop drop. If price reach 1$ we should expect MNX to that coins use to clean all orders on exchanges. Yes, it is manipulation, but current market situation ask smart move

How do you know that many parkings stand out in the middle of September? Why is not a beginning of October?

because most people start at 10.06. after % reach maximum percent and algo direct us to use 90 days parking
remember first % decrease was 10.05. and 30 days after that people start 90 days parking with 27-8% to catch good % because expect % drop after Exmo and Hitbtc listing 

My monthly parking started at 05.05, I did not cancel it because of the new one parking rate. After that, I am parked monthly again even if there new rate.
Whatever, there is no strict rule, It's more individual and I do not think it can drastically affect the price this way

Its very simple to check, just look at bank balance. There is just 700.000 mnx, prety sure a lot interest pay this days. Its not normal to sell with this price but here stille exist moron who sell. I swear people hate money

[minexpuntcoin]

--

not need to be to much smart to expect price dump due to a lot 90 days parking end in middle September. Now they have money and wait to price stop drop. If price reach 1$ we should expect MNX to that coins use to clean all orders on exchanges. Yes, it is manipulation, but current market situation ask smart move

How do you know that many parkings stand out in the middle of September? Why is not a beginning of October?

because most people start at 10.06. after % reach maximum percent and algo direct us to use 90 days parking
remember first % decrease was 10.05. and 30 days after that people start 90 days parking with 27-8% to catch good % because expect % drop after Exmo and Hitbtc listing 

My monthly parking started at 05.05, I did not cancel it because of the new one parking rate. After that, I am parked monthly again even if there new rate.
Whatever, there is no strict rule, It's more individual and I do not think it can drastically affect the price this way

Its very simple to check, just look at bank balance. There is just 700.000 mnx, prety sure a lot interest pay this days. Its not normal to sell with this price but here stille exist moron who sell. I swear people hate money

The reason everyone is selling is bc when the next bull run happens in crypto, MNX will no longer exist

[TeMHuK]

--

not need to be to much smart to expect price dump due to a lot 90 days parking end in middle September. Now they have money and wait to price stop drop. If price reach 1$ we should expect MNX to that coins use to clean all orders on exchanges. Yes, it is manipulation, but current market situation ask smart move

How do you know that many parkings stand out in the middle of September? Why is not a beginning of October?

because most people start at 10.06. after % reach maximum percent and algo direct us to use 90 days parking
remember first % decrease was 10.05. and 30 days after that people start 90 days parking with 27-8% to catch good % because expect % drop after Exmo and Hitbtc listing 

My monthly parking started at 05.05, I did not cancel it because of the new one parking rate. After that, I am parked monthly again even if there new rate.
Whatever, there is no strict rule, It's more individual and I do not think it can drastically affect the price this way

Its very simple to check, just look at bank balance. There is just 700.000 mnx, prety sure a lot interest pay this days. Its not normal to sell with this price but here stille exist moron who sell. I swear people hate money

The reason everyone is selling is bc when the next bull run happens in crypto, MNX will no longer exist

Any proofs about that? Every one know that you don't have them because you are just a paid FUDer from another card project.

[naska21]

The reason everyone is selling is bc when the next bull run happens in crypto, MNX will no longer exist

this contradicts both the expansion of richlist and increase of the funds in its addresses