MaidSafeCoin (MAID) - Price & Trading topic (Part 1)

@Dimitar Thanks for the link

@dask Do we need allies to see a higher price? I mean investors do only care about profits and if its a good project then why not invest in it?

I assumed allies are the different projects out there…

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I also think people are more discerning about crypto investments compared to a year ago. Flashy white papers are passe and investors want to know how and how long their investment will take to realize an actual product and how mainstream adoption will actually happen. For me Safecoin or Maidsafe coin will start to move as we move closer to Alpha 4.

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No we don’t. We only need performance. Once we see successful alpha3, many who have been following will understand that a huge technical uncertainty has been resolved. I merely said allies, because nobody will tout this project for us until they see progress and have filled their bags. One can also expect FUD once a release becomes imminent.

@Cryptoskeptic : bang on the money. But crypto timescales are still hilariously short compared to traditional investments… that said, serious money is smarter and slower.

If I am allowed wild speculation, my current hypothesis is that success in alpha3 puts a .50 floor under the coin. As I’ve said repeatedly in the thread, it is a $1 coin, fully diluted, if all it can do is be a more secure and decentralized dropbox (we know storage vaults work already). We may be years away from proving that, but still IMHO a very asymmetric bet now, one of the best in the space. The narrative of ‘years without a product’ helps accumulators now, because this makes it easy to screen against safe and it takes a much deeper look to understand how much progress has been made, and which future steps may surprise expectations.

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The only answer I have found is that people just don’t know about this project - or they don’t understand it.

I think that there is quite likely some folks that have way better understanding of SAFE than I do, and that they could very well be more sceptical than me - but I cannot believe that even these guys would say “don’t put any stake in for SAFEnetwork”. And I think that if most of the folks interested in cryptos would buy even a very small amount, we should see higher price. I don’t have any maths to back up my view, it’s just a feeling.

Ok, maybe there are some people who know about SAFE but don’t bother to register in current exchanges.

Doesn’t really matter to me that much as I can’t afford to buy more and I’m certainly not selling, but it just baffles me.

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Who feels predicting the market feels somewhat like this :crazy_face:
LBXFSGe

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The lesson here is to just stay put. I.e. HODL.

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Maid is still near all time lows vs btc, Pumps on Hitbtc, accumulator/pump bot on Polo. Accumulate/Hodl

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:crazy_face: :candle::candle::candle::candle:

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A note among the madness, the gearing of many alts in this dump has greatly reduced. Used to be 2+:1, now many are 1.25 or so :1.

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Excuse the n00b question: what gearing are you referring to?

It used to be that when BTC dumped 10%, alts would do 25%. Now, many of them are 12-14% off while btc is down 10%. Overall it signals greater confidence in alts relative to BTC than in the past. If only we could decouple now :slight_smile:

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Pump… dump… pump , dump funny to see.

$0.10 next

Two bearish technical analysts that I value saying the shitcoinapocalypse could be at hand if BTC doesn’t get back above and hold @$6080 by Sunday night. BTC sub-$1000 next?
https://www.youtube.com/watch?v=djVKrlCxnqw

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Congrats all around for anyone who managed to keep the FOMO monster at bay this past month…
It will be interesting to see if we retest 3000 sats. Anyone else waiting for a black swan? Dragon king?

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The stock market is going down. Do you guys think the crash in crypto is related, and if so why?

I doubt we will see another big lunge down for MAID. It is already near and has bounced off long term record lows. It is also riding positive news, as successful crust tests have completed and alpha 3 is drawing nearer.

For BTC, well, it has found a rather high support and I wouldn’t be entirely surprised to see it crumble. I suspect MAID would gain relative to BTC if this did happen though and we would probably see a similar ratio to 18 months ago. In that scenario, I would expect to see MAID climbing the crypto charts too.

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Just yesterday (list pulled from another forum, lots of US-centric happenings)

  1. Two important Israeli ministers resign
  2. May goes onto the chopping block over her Brexit proposal
  3. Democrat senator arrested for illegally protesting elections
  4. Porn lawyer Avenatti arrested
  5. Buses start arriving at US/Mexico boarder, but can’t traffic drugs and humans with US Army in the way
  6. Macron’s and Merkel’s approval polls are collapsing
  7. More countries reject the EU and are drifting towards a populism of economic nationalism
  8. RINOs (Republican In Name Only) are being exposed (e.g. Paul Ryan, Mitt Romney, Jeff Flake, etc.)
  9. Overly-emotional attempt to protect Mueller by democrats in congress failed in attack of debasing the new Acting Attorney General who is not recused from the Russia investigation
  10. The widespread election fraud is fully in the light and about to expose the guilty
  11. Gaza truce coming into effect
  12. California wildfires starting to backfire as truth comes out about likely corporate arson

Just getting started. Lots happening. I’d expect things to get more volatile, not less.

As for Bitcoin, there are definitely a couple scenarios that would be correlated. One would simply be taking some risk off the table. Others get into what relationships might exist to correlate the BCH fork with current events and the role of policy or big business players outside of the crypto ecosystem. That gets a bit complicated to decipher, but big money is at stake. I wouldn’t discount a certain level of coordination that we may never know about, even if it’s just some kind of benign collective unconscious driving us toward the singularity, hahaha.

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I like to see sources…

I was interested in whether people thought there was a connection between the stock market going down and crypto, not porn…

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Or it could also be that some whales have had time to read the article/report below from a few days ago.
When I read it the day before yesterday, I wondered if BTC would go lower…

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