Aaand the super sale is gone.
I wrote here on Monday, that it is all FUD and great opportunity to buy more cheap coins:) This is Crypto. FUD and hype cycles. Again and again in never ending loop:)
Was just thinking about Safecoin actually being created and the $1 celebration thread turning into the $100,000 celebration thread. Of course, that would be the top bubble price that wouldn’t even have enough money in the world to sell, before it goes down to like $10,000 or even $5000. Kind of like the Bitcoin craze just recently, but instead the craziest the galaxy will ever see: Safecoin.
Cheers to those of you who held through it with a brave face and a dont care attitude!
yeah, I got some at .29. Held a little back hoping bitcoin (and thus everything else) would go even lower. It’s still below my average buy in, though, so I’ll probably put the rest in today.
Just cause its up at the moment doesn’t mean it can’t continue the overall decline .
Of course, and I’m waiting for a bit of a pullback, but with the cautiously optimistic results of the SEC meeting, I’m not waiting around for .20, anymore.
This is market, it can go either direction. This drop did not cut pumped scams enough. There are still thousands of useless coins which will go to 0. But last days of dump alts rejected to drop more in their ratio to BTC. Especially the serious ones. So there is serious short term resistance. Crypto holders who do not trade for FIAT like me, do care only about ratio to BTC. And I am pretty sure if BTC drops more, than MAID to BTC ratio will stop falling and start growing. Sub 5k is awesome price, and I will be buying it with every profit I make on other coins at those price levels.
Lol we all wish trust me but sound more then overestimated, but i do wonder how you come to this valuation?
Anyone know how long maidsafe is not working on shapeshift ?
A long time, possibly around 2 years
I got my MAID for the network and not for selling so no I am not selling MAID at whatever price
But yes congrats to those who did not sell
Bitcoin reached $330,000,000,000 “Inflated market cap.” [For now. Later in 2018 it might go back up there.]
One could see that as inflated when comparing it to today’s cap of $130,000,000,000.
The first number divided by the second number creates a 2.53x modifier. I’ll get back to this later.
Current MAID Market Cap: $173,885,571.
That’s $0.384233 per MAID.
At $330,000,000,000 MAID/SAFE would = $729.1973064286053
Barely a drop in the bucket, right?
But since an ideal Safecoin would be astronomically more efficient and secure, I could see it reaching a global utility price of $10,000,000,000,000 that all sorts of businesses benefit from. That’s $22096 per Safecoin right there. $2209 if you have all Safecoins farmed. $2209 - $22096, usually somewhere in between if it’s true that the maximum amount of Safecoins won’t be reached for decades… if at all? So the higher number in these provided price ranges are likely to be the number that the price is more near, for awhile (and then the market cap could be maybe $20Trillion quote unquote “dollars”, by then… but I think things are getting too crazy now).
Alright so that’s a bit too much to reach for right now (think of it… 10 trillion… is a super high pie in the sky figure…), considering that maybe not everyone wants to use digital cash for literally everything ever (though I guess I would? or I’m being too idealistic). So cut it in half, $5,000,000,000,000: $1104 - $11048 — or even 2/3rds!? $3,333,333,333,333: $736 - $7,365 — for a more level-headed scenario.
As far as the “Super Stupidly Inflated Safecoin Bubble Where The Maximum Hype In The History Of The Galaxy Kicks IN” figure of “$100,000 per Safecoin” … from the price ranges above, I just applied an insane modifier, of like 5x-10x-20x. With all the given figures here and enough imagination, you could see it hitting $100,000 per Safecoin at the “absolute bubble peak that it never reaches again” or ABPINRA for short. But maybe more likely $50,000 ABPINRA. So that settles that!
Sounds good, I’ll meet you on my private island
I too will want to be joining this private island club. I imagine its like when you live in a suburb and see your neighbor across the street, except rather than a street it is the Caribbean ocean and rather than your yard you are standing on the shoreline of your luxury island waving goofishly to each other across the water
It only came back up because of the several HUNDRED MILLION of unpacked printed bitfinex tether in the last month right?
Not sure how long this can last
I have to take a lot of crap during these testing times…
If that were true, you could clump btc cash and btc gold mkt cap in with tether, no?
Its just crypto. Thats how things get done round here.
Thats what i thought aswell, but this usdt hype brought so much attention and so much people wanna buy now, i think this was just the start of getting some more mainstream adoption, dont forget crypto in general is still pretty small if you valuate it as for example a company, but instead over 100 company’s are working on the blockchain already from exchanges to factom to maidsafe.
I do understand your calculations, but i was more wondering where you get the 10 trillion number from, did you do some extended research ? Cause 10 trill looks a lot to me with all this competition pop up.
im really curious about the token part of the Safenetwork and how this will be handled, does it need safecoins and how much. Cause if the tokens can have the same fundamentals as safecoin and they will be also free to send then this can influance the safecoin price a lot.