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

The ‘currently real thing’ before the ‘real thing’ is the now better way to keep track of the progress of the network, since vaults from home have finally started, even if it’s the most basic form i.e. still relying on pre-made Elder droplet nodes; people will be connecting more and more. On that point, I would think eventually that it’ll become very streamlined to update from one test net to another test net, while still connected, minus the occasional bigger resets (until the “final, satisfactory one”, and even then there will still be updates). So, it basically IS the start of the network. And the sooner you get involved in the test nets—even if it’s CLI (which is way better than not-CLI! in fact technically better than anything more advanced because of its limitless albeit droll functionality)—the more testing people/nodes there will be to understand+comprehend where everyone is on this track.

So that path can be seen. It’s only one Section of the network right now. But further test nets will be multiple Sections, and that’s pretty much the network groundwork (unless you start calling a cluster of Sections as Superclusters or some such, if needed down the line for some reason!). Then you have messaging, safecoin tests, safecoin, all the little limitations in between them; I won’t pretend to know all of it. The roadmap has a good amount of stuff to ultimately get to, if looking at Maxwell and beyond. It’s actually looking like probably somewhat longer than “a few months” if going by that (and that’s development, nothing to do with what the price feels like doing before or afterward). It is funny, though, that all people need to see is stagnation before declaring the project dead, yet there hasn’t been an instance of that in ~14 years—unless you count learning as stagnation, by which point you may as well laugh at yourself.

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Some people are never happy. Nothing is enough.

Celebrate the victories and enjoy ride. Let the devs do what they do best. The product will arrive when it is ready.

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Uhmm I remember saying some months ago that price will never go moon (even if the project is very great I agree). Time spend and I’m more an more confident that is will be true… Worst investment ever in my crypto portfolio…

Based on what are you more and more confident the price should never moon? Once the decentralized storage is ready at least, people will definitely buy and spend SafeCoin at much higher rate, and price should reflect that.

If this is your worst investment ever, you must have invested extremely precautiously in every other instance. I, for example, have bought a lot of Pillar not long after their ICO.

Now, that was a waste of money.

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Sell it to me.

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I don’t know what moon amounts to, but I can easily see a 10x increase from here. That would only be a bit more than the last boom peak. IMO, there is a lot of ground to regain vs Bitcoin price too.

I’m not worried at all. The tech is coming together nicely and the team look to have a great vibe going. With the recent price increase, the runway has extended too. All good.

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A comment like that is not a comment on the future or what has been done so far but that you are tired of waiting for delivery. That’s understandable this project is no worse shape than others that have risen and fallen 90% since 2017 and in many ways, if timed right, this could be in a fabulous spot.

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I am not saying that the project is not good. It is on my point of view on of the two or three best projects that I have ever seen since I am interesting to crypto related projects (2016). But more and more I think that on a financial point of view, we won’t see a x10 or x100 like we can read in many posts of this board during the last years. Hope I’m wrong…

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What multiple do you think a successful delivery of this project will yield then? You say you think it is a good project - what is that goodness worth, relative to not having it exist like today?

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I guess the issue I have with that statement is we have already seen a 10x from here so the idea that if delivered, it doesn’t get past that and beyond seems a little baseless.

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Hey friend,

just to be clear the price depends on how many people hold without selling and how many people buying.

So we are community of holders. If new buyers come the price will go to the moon :dragon:

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Just an FYI, I’m not a professional and this is not trading advice. Purely opinion.

As seen above the .29cent level has some history of providing support and now resistance. This seems to be a heavy level to beat. Interestingly a nice and hopefully playable pattern might be emerging on the current price action.

One of my favorites, an inverted head and shoulders pattern. If I did the measured move correctly then it looks as though it is targeting about .35cent. This pattern seems like a deliberate set up to take out the said resistance level, which would be impressive and really reassuring to see if it does play out.

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The only scenario of not getting at least 10x is with a complete failure of the project (ie. Maidsafe going bankrupt before releasing a working beta).
If it doesn’t go past 10x, it will be worth 0 dollars.
This is one of those projects that won’t have a middle ground, it will either go bust or will go moon because of how it has been designed: this isn’t a project with only one use case, it is a project that was designed to replace all the use cases of the Internet, and by doing so, to radically turn upside down the monetization model of the whole internet economy, and it does so by redesigning the infrastructure of the internet.
Don’t you see how crazy that sounds?

The only risk factor was that it was extremely ambitious, and the popular wisdom is that if you don’t narrow your scope, you might never finish it or get stuck in analysis paralysis.

But you know what, if history teaches us anything, practical narrow scopes might be good for short term business, but idealistic ambitious projects are the ones that literally changes the world.

In 2014 it was rational to be highly skeptical of this project, nobody really believed the project was doable considering the extremely ambitious scope.
But now we are in 2020 and several aspects of the network has been tested over and over, their thesis is already confirmed as valid. Right now it is irrational to negate the progress this project is having at breakneck speeds.

Besides that, objectively, the incredible drive of David Irvine and his team, you can tell this guy will not stop until his dreams are realized, it is extremely rare to find these days anyone with the tenacity to spend a decade and half of his life without giving it up.

So if the uncertainty of its novel but unproven design are gone, the risks of its implementation are gone, and the only thing left are the complete fruition of these ambitious objectives without compromises nor shortcuts… and its final version finally gets to see the light of day? What do you think it will happen?

Not even 10x? If with all the properties and no-brainer advantages this project has to offer, if it really doesn’t at least get 10x, it is truly because in the eyes of the people this project is worth zero… and I know objectively that’s not the case.

Minimum it should reach 20x from current prices, and from there on, only the sky is the limit.

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Yeap, all or nothing :slight_smile:

P.S. At least If maid use PARSEC, it can take over Darkweb (It is not smaller than BTC). But personally, I want to see revolution against BIG Brothers by open source software and decentralized network.

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Will I still be alive when it gets to 20x. I must remember to leave my wallet code in my will

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We have multisig so you can sort yourself out there :smiley: :smiley: Seriously though it’s a good discussion to have at some stage soon. As losing passwords is irrecoverable and has to be, so backup procedures will need to be in place.

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If such a high risk, high potential project don’t have an expected return way above 100x on success, then there would be something wrong with the market. Every other markets which such high risk have high rewards, so should this one.
This is a platform project, Bitcoin is a substitute for FIAT money and have high potential value. SAFE is a substitute for Internet and the value of the internet is enormous, I think above 10x Google’s market cap.

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Looking at it from your perspective, your posts don’t make a lot of sense, making me doubt you are holding any coins, probably the opposite.

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You were alive when this project was 10x worth, unless you are two years old.

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There it is, we saw it here first! MAID projected 10 trillion dollar market cap, 25k a coin at current supply, 2.5k at full supply. 10x google…projections like that are so much more fun than “can we get back to $1”. :grin:

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