If Maid falls out of the top 100 and its price is $10, I for one won’t be whinging too much
Since some knowledgeable were speculating that the price might level off at around 20 cents because it will have some ties to the current storage costs, I am already delighted that the price is over 5 times that.
The idea they presented was that since SAFEcoin will be buying disk storage then the price will be somewhat pegged to the price for storage and they estimated something like 20 cents per coin. The thought had some merit and would have been about a 10x rise from the price around the time they predicted that.
Now the price is 50 times (5 x that prediction) and does not look like dropping below the 1$ , I’d say that prediction is now invalid. There is of course no real reason it would have been limited to that value, since the safecoin price of resources will be variable and not pegged to any current storage costs.
The project will continue if we are #1 or #100 or #500 because the worth of the coins is based on how shiny the coin is, but rather its utility value and use as a token of exchange.
but afaik there has been no indication of what amount of storage a coin will purchase…
So true and the point I tried to make later in my post.
This is the reason that price speculation failed. I brought it up to show some expected the price to be always low, yet its keeps going up. Maybe not as fast as some shiny/hollow coins, but steady as she goes.
Just 5 short months ago this is what the price of MAID was
If were lucky, it might fall back down to below $0.40 take a look at that price pattern.
Past performance is no guarantee of future performance so I’m not confident enough to sell any of my coins, but will load the truck up if it does drop price. Long term, Safecoin will stay well above $1.00, its these early turbulent times that we have the opportunity to accumulate.
I want price at 200. Not 10. Its possible if i look at what it can do. Much more then the other coins out there.
I hope so @zoki I have a few more coins I want to accumulate before I will be happy
I want that too. I want it so much
As some of you might know by now. I’ve been a major shareholder in MAIDsafe, and periodically I sell a batch of shares. Right now I have someone who is looking for outside opinion about fair price.
This was a discussion that was had in the BNKTOTHEFUTURE thread somewhat speculative about how to price shares prior till they become for sale in the open market:
Would anyone like to speculate as to the current price per share?
Zoom out a bit and safecoin vs Bitcoin has turned and maidsafe is gaining. It reminds me of fractals!
Exploring the topic, I found this post. So I wonder, what if at the moment of change Maid price will be lower than Safe one?
Back when the price was $.50 a few weeks ago, I began going through the process to buy safecoin before it started rising again… lo and behold by the time my bitcoin purchase was delivered MAID had risen to $1.
Now I’m trying to decide whether to buy in now before I get left behind or wait and see if it drops back down.
This may be the case, but people have been willing to buy non-blockchain coins like IOTA.
I think safecoin has not been released yet
The change will be 1:1. What I wonder is: early investors are in some way protected from the worst scenario?
Yea. Bitcoin is crap. I asked for alternatives here…
Seems Litecoin is best so far.
Bitcoin Cash is awesome too. Fast confirmation times with about $0.07 USD in fees.
I think the days of sub- dollar prices are over. Look to accumulate more on big dips as we head to higher levels.
This is unlikely within an exchange since the exchange will only list one. At a set time you will be trading MAID then the next second it’ll be called safecoin.
The exchange will stop deposits and withdrawals while the exchange exchanges the MAID in their addresses for safecoin. Then once that is done deposits and withdrawals will only be for safecoin
Now the interesting one is differences in timing between exchanges. Well the ones trading safecoin will not accept MAID and the ones trading MAID will not accept safecoin. So no arbitrage
Conclusion: while there maybe price differences between exchanges you cannot take advantage of it.
Buy small amounts at a time and if it goes up then you might lose on some, but if it goes down then you gain on some. Hedge your bets.
@everyone Remember we have a P&T topic for all other coins now. Take advantage of it