this is not a low risk investment so there is really no answer like if you invest X today you will have Y within 1 year. The thing about those is X usually has to be huge to have a noticeable impact. This is a more risky investment so it might not take nearly as much, but at the same time there is no where near the same assurance it will EVER work out at all. On the other hand, that means a very small affordable amount COULD be life changing. Think of it like buying a lottery ticket (that you may win OR lose on) only the odds are in your favor, rather then the house always winning eventually.
This is why I am always encouraging the dev team to dump that bitcoin while its up! Sure they had someone come in and project it will be worth X after Y amount of time. And by luck they were sorta right… but that was pure luck, rather then a skilled prediction IMO. If you are risk adverse you should NOT hold crypto.
Hey guys, is there any up to date way to store maid tokens on an offline wallet? I’ve been buying bits every week but would really want to put it into a ‘safer’ place than on the exchange.
I’d say I’m a small holder and I have split my holdings. I even have a couple addresses with just 10 MAID in them. That’s because I want to have some small amounts available for rehearsal before moving the amounts that matter.
I have wallets with varying quantities for the exact reasons mentioned of initial tests for transfers as well as wallets that hold moderate amounts. I would agree that most people who have been just buying and holding probably have wallets split up in various amounts.
I’ve been using a normalized price indicator and super squeeze trend of MA’s to study how trend looks without the huge logarithmic swings.
The yellow line is the super squeeze (basically an weighted index of several MA’s that produce a squeeze, the closer two MA’s are the higher 0-100%, then when majority of the squeezes are very close the super squeeze is going up to 100%, signaling a big move). Once this one starts to drop from 100% to lower values this means that the MA’s are all widening and momentum is increasing rapidly due to distance between each MA increasing.
Now the super squeeze can be at high % for a long time and that’s what we have seen with this yellow background, so what is more interesting is to find consolidation/trading patterns.
The screenshot includes Elliott wave count of this super-trend and since we have completed 5 (3 up waves) this would naturally retest (4). Since the pattern is inside a triangle which should break-out within 60 days while super squeeze is at high % and the relative price at the bottom AND increasing, momentum would favor uptrend reversal.
Take note that relative price doesn’t tell us the price, only that it is gaining strength and when to expect this to appear.
Not so weird. Someone bought a ton, either to hold or on spec. They disturbed the equilibrium in a lowish liquidity market. The gap was filled (in BTC), in other bases it regressed to long term VWAP and the resolution was higher prices on higher volume over a comparatively long period. The only reasons to buy that abruptly are to either accumulate an optimal amount at the price/liquidity, or to send a signal. Either way, a positive event.
I checked upon the price which the last spike had and majority of volume was bought around 2000-1100 satoshis. Some good accumulation, the last pump was mostly because the sell orders pulled up to a high price but the whales didn’t buy there, as you can see volume is not present there. It’s mostly those people who chase the pump buy high and then in vain sell low where the liquidity is at.
So once we leave this accumulation zone the orderbook and liquidity should support increasing price and slowly push price up over the coming weeks/months.
Hum… It is too short point of veiw. I think the whole development process indicates that the real SAFE network is coming closely not only this weeks dev updats.
