From October 9:
Hard to resist recalling the above even though it wasn’t a prediction as such.
I think making predictions is a sign of misunderstanding markets BTW. You can look at likely scenarios though and position yourself to benefit from what you expect to happen some time. Learn to act rationally and to resist emotional pressures. Which brings me to the reason for posting today.
I would not be at all surprised to see MAID go significantly lower, but just as the above was based on a long period since we’d seen anything below 9, it is also a long time since we’ve seen MAID rise to new highs, which I expect will happen some time.
I’m not convinced that this will happen soon - timing things is the hardest and therfore riskiest strategy - but I would also not be surprised if MAID is approaching a low that will turn into a long, bumpy no doubt, rise. Maybe not to a new BTC high, but a significant way towards it.
There may be another low or lows before we exceed the previous high, so that could be a long way off. Or perhaps it will be in the next long rally. Who knows.
Thing is, those who are convinced of the merits of SAFEnetwork don’t have to get the timing right, so long as you can afford to wait. So that’s where to take care - as we know, timescales are not to be relied on, but also don’t be surprised if there’s a rally when hardly anybody expects it.
After alpha2 many seemed disappointed that MAID didn’t react. Don’t be! Markets don’t work like that.
Most often in my experience they do the opposite of what you expect when an event happens. So I’d expect the next long rally to begin before such an event, while others are asleep, attention elsewhere, or between them, or after a disappointment etc.
So my theme here is to suggest it’s not a good idea to try to predict timing. You may expect the rally to come, in which case be ready for it whenever that happens, next week, next year etc. But don’t get caught out thinking, well I don’t need to do anything until X because if too many think the same way that’s when the trickster that is the market will catch you out.