Lots of interest and volume but *way* too much sell pressure.
This massive amount of coins needs to be sold asap for MIN to rise. It's like an unending supply of MIN. It can't just be miners unloading, can it?
Why is there such a high supply? People are loving the coin everywhere I look but there's simply more sell pressure than buy despite lots of people buying.
The current sell pressure are from people that mined or bought n C-CEX at 300-400 sat. The people that buy now will hold to 5 or 6k and then the next wave takes over and so on. All supported by dev plans and delivery.
these guys need to learn a little patience and putting in work to help build the value of your chosen coin investment. buy, market, hold and be patient. there is no faster way to see value rise even though that may not be fast enough for you. but whatever while u are looking to exit i am looking for ways to bring value to this coin and the community. people can do this with any coin.. but prefer to sit on their asses and speak in trollboxes begging for a pump.
i hardly even watch the price of min on the market. im too busy trading and doing other stuff. i glimpse now and then but im really sticking with this coin till it hits minimum $20 per coin. and even then im not going to exit fully. have not sold a single coin from my mining stack of 3k coins.
right now im going to sleep where i will rest easy and wake up to min over 3k solid. you guys can watch price and reflect every minute while raising your blood pressure. coin has barely been released and theyre whining about price. just looking for an opportunity to dump coins and increase their btc.
there is no sell pressure. 10 btc is not sell pressure. 50 btc on one sell price is pressure. if u want to exit then please do so. but not just because u bought in price must double instantly so you can cash out.
goodnight/morning
Sing it brother
I mined the full week at 40MH's and since moving them from the pool not a single one has left my wallet
The dev has been honest and forthright from the start, the limited hash rate making a fair distribution (for a change!) being a stroke of genius.
I can't wait to see the betting developments as, like many, I think the future of the coin is linked to e-sports gambling.
I would also be happy to fund another dev,
if required, to add the anon featue - this could be critical in the short term to boosting the value of the coin and making it an attractive investment for more people
If we are going to do that then please make a quick decision as I leave for a weeks holiday on Saturday and I would want to contribute before I go (limited internet access so I won't be able to log into this site or my home PC).
Finally, a question : when I open my wallet and hover over the staking symbol it read "Your weight is 23746" "Network weight is 3637866" - does that mean that I am staking 6.5% of the MIN currently in staking?
Poll
