MINEX price discussion (YOBIT)

[Amalia32 7]

Can someone explain to me why the price is dropping so heavily?

 

we bought all hashpower so Yobit should be able to continiously mine BTC. Which in return should pay the price for MINEX.

 

or do we only get paid when miners are sold? 
 

which sounds strange to me

[feralexsw 58]

For me this is a simple price correction since it was growing in a disproportionate way we will see this currency growing again perhaps not as abusively as before but it will do it is a good time to buy minex I think

[Sarahden111 1231]

There are several reasons, the first of which is the high price of bitcoin, as people will tend to buy or obtain bitcoin instead of keeping other currencies, and in general we can make sure that Ubayt supports this project and in my opinion, keeping minex is better now.

[George10 9932]

On 10/16/2020 at 5:01 PM, Amalia32 said:

Can someone explain to me why the price is dropping so heavily?

 

we bought all hashpower so Yobit should be able to continiously mine BTC. Which in return should pay the price for MINEX.

 

or do we only get paid when miners are sold? 
 

which sounds strange to me

Sure mate it seems strange how minex price is dropping without any signs of picking up and in my point of view I think there are many who have bought virtual miners and this means they are selling off their minex rewards on daily basis thus causing the price to drop drastically and it seems that this scenarios has put many on hold from purchasing miners and if nothing will be done about this then we will continue seeing this reduction in the price of minex and eventually many will lose interest in this earning process.

[Alimhana930 1605]

What raises the price of the Minx is the money with which you buy a Miner, where a percentage of its price goes to raise the price of the currency And when the miner is not bought and everyone starts selling, the matter will constitute sales offers greater than the purchase offers, and thus the price will decrease sharply. As for the yo-Power coin, it is for the purpose of charging the Miner with energy for a month and has no relation to the price or support of the Minx coin.

[Raqeebzy 6456]

Contrary to Yobit's claim, I don't think Minex is supported enough. Take a good look at the weekly chart. There has been constant dump all through except in days when there is some news about it, one I think they can't see more of it. This might be the last chances to sell for miners except an intervention again.

[tienda 8776]

Sincerely sill I don't understand what happened with Yobit about their tokens creation! Because the dump it happens with all their creations not just with Minex, also with Talk token, DLRS, YODA...etc I want to know if they are concerned to protect their tokens or no?...

[Imdadullah 19]

Minex was dependent on demands and supply. If it gets more demands and less supply . Then price must be increase at that time. Due to market. But now how demand will increase that is the main thing we should know.

[Abdulrahman3 1252]

When you sell miners, you are making more profit, because very briefly you reduce the number of middlemen in the trade transaction, so instead of the members of the deal being you, the platform and the miner, you will cancel the platform and make it between you and him only.