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?
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.
I think we will have a major dip within 3 months or less, I am not sure how quickly the recovery will be and what time frame. Just keep buying coins you believe in and buy hard on dips. I personally wish I had pulled the trigger on this coin more so in the .30’s-.40’s but I am still a buyer around the $1.00 mark because I am a LT believer this coin could be worth $100 or more down the road as long as coin dilution is not rampant at time of launch. I am one of those who sat on the sidelines and watched bitcoin go from $1.00 to $20,000 and I don’t intend to miss the next greatest innovation to hit the web.
One thing that concerns me here is how much emphasis right now is being put on marketing and all these MAID advertising posts… we don’t have a a product shipped yet, things are still being developed heavily it seems from the outside. Github repo’s have plenty of bug reports and unanswered issues so why not focus 100% on just the product until we actually have a real working network. Once we have a working network, everyone on the forum verifies that it works and thoroughly tests all use-cases this network intends to deliver under the heaviest simulated duress we can. Then and only then would I feel comfortable really advertising the product, otherwise you run the risk of user interest dropping due to complications and tons of performance problems. Just look at bitcoin right now, its performance barely keeps up with current demand and the soaring fees are a huge deterrent. Can we be the first product that when it launches actually has true scale issues resolved and blows peoples socks off? That will be something I would be proud to support. I don’t want to see a MAIDSAFE version of cryptokitties rekking the whole network .
Bad phrasing saying we, I think the crypto market as a whole will have a correction. Too many coins with no merit skyrocketing to ridiculous valuations(and these coins will hurt the quality coins too as they pull everyone down). Also if you look at the crypto market traditionally from Dec to Jan the last 4ish years you will see a pump in DEC and a decline in Jan. So lets see how it plays out .
A note on why it’s tricky to use the last (insert number here) years as a guide. Crypto growth should probably be seen as exponential, not linear. The exchange, Cryptopia, for example, has said it went from 30,000 users in January 2017 to 500,000 users on December 1, 2017 then to 1,400,000 on January 4, 2018 and, at that point, had to stop taking on new registrations and curtail some of its markets because they could not keep up with the growth.
A lot of new people entering the game and they are not coming in to sell !
I echo Jeremy´s thoughts that we are IMO probably facing on a few month correction in the near term. Too much delusion in the space. Newcomers need to get shaken out. IF and WHEN the Crypto markets starts to get pulled down Maid will get dragged with it.
Disclaimer: I do hold a good portion of Maid that I will not sell and plan on adding to my position if the market starts to bottom.
Smart guy hah , honestly I think when this project is complete and some users have 10,000+ MAID and the coin is skyrocketing we will have some serious mental debates on when to sell and when to hold once this bad boy is worth $100 per coin or more down the road a few years from now . Granted maybe by then we will be on SAFE coin so MAID is not the right coin word choice hah.
Yes, and the conditions are different and new. As indicated by the massive growth in the exchange’s membership.
It would seem we are going though one correction at this time now. Peaked at 20K USD and dropped to near half and has been moving up/down for the last period of time. We seem to be going through a correction now and with the continuing influx of new people the price has not dropped to very low amounts as one might expect with a “normal” correction.
I’ve also seen the January crypro slump re-occur over the years, but there’s always something else at play. For example, there is a stock market downturn predicted this year, and if it does happen it will definitely have a positive impact on crypto markets.
I stopped playing the market game a while ago. I buy and hold, then I buy some more, and hold.
Last time I tried to play the market I sold ETH at $12. (having bought it as 40 cents during their presale). Never again.
Happy to report that I’m still holding all the MAID that I bought during the presale (at around 1 cent 2 cents), plus some more.
Edit: the presale was actually 23800 MAID for 1 BTC at a price of around 465 USD, so more like 2 cents per MAID.
You may be right, I do not have the crystal ball as much as I wish I did hah. If I was trying to guess where BTC bottoms out during what I would define as the next big “crash” would be in the range between 5k-9k. We will just have to watch the mania unfold, as some predict 40k bitcoin this year as well .