Been down this road with this feeling way too many times.
Hehe, MAID has been a cruel mistress as an investment over the years (must be said that early buys have done amazingly in any conventional sense)
Nice spike though and a good job by whoever bought that load. Still a chance for us punters, but there isnāt much time left if you want to accumulate any significant number of MAID. I love how little has been on the sell side
Bought a bit last week at 7c ish and just bought another couple thousand at 12c, risk factor on slope down.
ya IMO this is one of the biggest diamonds you ever find in the rough. The only prob is you have to go though (ewww) bittrex. But just get you MAID and get out of that place lol. With an actual product right now its only a matter of time before there is a huge boom of people saying holy crap you DID eventually come out with something usable.
That said my philosophy right now is just slowly accumulate. There will still be dips if you arenāt in a super hurry to buy. Just make sure your bids are high enough to get a bite of SOMETHING:)
Well you never know but Its still a good buy at 0.00001325 /$0.10.
Depending on how long you want to hodl, Iād say its still a good buy at twice that price.
But I have spent all my BTC
would the buyer dont want to push the price up or keep it higher? who would like to buy for 100k or even more and loose money ,in theory ofc,. I think it doesnt make sense for this person to let the price drop to the point it was before the pump.
You cant keep the price up unless you have unlimited money.
Ppl bought pushing price up.
Ppl saw a price they were willing to sell at so sold.
No conspiracy at play imho.
Coming late to the party I was still able to double the holding I still had left on Bittrex by selling fairly close to the peak and buying back in on the way down. I crapped out at 2000 sats and bought back, Had I held on for it to go lower then Iād have done better.
I saw something saying they were not open to members of the states.
Iām not sure how they would know though, especially if you were behind a vpn with an exit in an allowed country.
OK this is just a hypothesis, there are others on here who are far more skilled and knowledgeable traders than myself so corrections will be welcomed.
What might have happened
Somebody was sitting on a big bag of MAID. That somebody had access to a reasonable amount of BTC.
They started buying at 850 sats and did not stop until around 2000. Others took note of the spike and jumped in and started buying. The original buyers sits on his hands for a while and then starts selling again at 3000-3300.
So he makes very good money on what he bought at the bottom and still does nicely thank you on the MAID he bought around 2000. I have no idea of the size of his bag but he had enough BTC to induce a spike, got it all back plus no doubt he shifted some or all of his original bag on the way back down.
Then a couple of hours later he does much the same again. Punters seeing MAID spiking a second time are determined not to miss out and so the FOMO driven second peak was higher
I suspect the original buyer bought very little above 2000 the first time or 2500 on the second wave.
Me? I sold a little at ~1600, saw it wasnt stopping, bought back in at ~1800 as my strategy is to own as much MAID as possible. I then sold off in small amounts up to 3000 and sold the rest around 2800 as the price came down. Then bought back in around 2200. An hour or so later rinse and repeat except I managed to sell just after the peak at 3700. and bought in again in small amounts as it came down. Finally bought back in with all my BTC at around 2000.
I now have approx doubled my āgamblingā MAID and it is now worth ~1200 as opposed to 850. If it does sink back to 850, I will still have done well.
My strategy is to own as much MAID as possible and hold. Iām a fun gambler not a trader. I learnt to my cost a few years back that I was no trader.
(must be said that early buys have done amazingly in any conventional sense)
