Post
Topic
Board Announcements (Altcoins)
Re: Minexcoin - A new era of payments
by
Embat
on 09/03/2018, 16:18:24 UTC
price drops from 36 to 27 and interest stays the same lol

That's why it's shitty in my eyes.

But if the price goes up by the same amount, BOOM's rates go down. And do not tell me now, the bank has other options if the price drops, what to do about it, except to increase the rates, why does not it then if course falls. So it is in my opinion a huge shit.

Whats shitty about it? Intrest rates doesnt change right off the bat when price moves somewhere. Rates are still manually confirmed by an analyst what algo gives out. When price falls you will see intrest rates go up. They have gone up every time price has fallen, but not as much when price rises.. Algo is probably configured that way to get the maximum effect with minimal intrest rates.
You are right, but at the moment we can see how BTC and all remaining Top 10 coin going red but MNX price stays at same level and that mean percents in bank can be lowered without MNX price rice.

 thats a Joke or,
 20-25-35-30-25
Thats Not Low volatile and mnx is red too.
There was $35 just for few seconds and done by single buyer. And in last month average price is +/- $2-3 from $25. Do not look at price spikes. But Top 10 coins is going down, that's why percents in bank going down.

So what is the major case for market going down, in CMC top five coins are facing lot of problems to generate volume. I think people are holding the coins to protect their investment by not selling them in the market for low price.
There is no sense right now that you sell something. 99% of all coins fell. We are waiting for spring.