Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MIN] Minerals - POS. Fair Distribution. E-SPORTS BETTING TEST WENT LIVE!
by
Xosihc
on 20/07/2014, 12:35:07 UTC
As somebody who was a strong supporter of the coin a few weeks ago, I am sorry to see the price is not doing well. Even though I don't hold any MIN myself, a few friends of mine who I talked into buying some still hold coin, so I still hope for the best and would love to see it take off.

For all of you asking "why is the price tanking?" IMHO it goes back to the same question you can ask about 99% of alternate currencies...

"Why not just use bitcoin?"

I was hanging out with some people last night that at least know about crypto (thanks to me) but aren't really into it. I happened to be explaining Minerals (among some other coins) and the response I got was exact that... "Yeah I mean that's a cool idea to bet on SC2 games but why wouldn't people just use bitcoin?"

And don't think Minerals is the only coin to have this dilemma. I'm currently holding a lot of Vericoin and unfortunately I think they struggle with the same question. Yeah the Veribit application is cool, you can spend VRC where ever BTC is accepted. Again I was explaining this to a group of people last night and the same question arose... "Well why not just use BTC?"

Anyway, just my 2 statoshi... Best of luck to the Minerals dev team, supporters and everyone else involved. I'll keep watching from a far Wink