the order book is filling up fast on the buy side. The market depth has turned asymetrical.
It has been a race on the way up between several buyers the whole day. It’s creeping up and up and up. It is very frustrating to chase this market.
Sometimes I like to torture myself, looking at what MAID will be, when the market values us correctly, above many of our peers. Now I’ll torture you too.
I could be wrong, but I think the last day(s) there is an error in the calculation of the value (too low) of MaidSafecoin on https://coinmarketcap.com (compare with e.g. http://coincap.io). In BTC it seems to be ok, but not in USD, EUR etc.
Yeah, you’re right. If you take coinmarketcap’s MAID value in BTC and multiply it by coinmarketcap’s BTC value in USD, you get $0.53, which is what coincap.io has for our value. But coinmarketcap insists that we are $0.49, when their own data implies $0.53
If we can climb that list after MD testnet launch we’ll really feel it. The Eastern market is a lot bigger than the Western one. I’m glad that SAFE seems to be taken more seriously there at the moment. Be great to see what else comes from the Maidsafe Asia guys over coming months too.
I will confess I didn’t really look. I was never going to agree with any metrics they chose. Now you mention it though Bob, you’re right, the scores are insane relative to the tech for every coin in every category.
Do we have a perfect storm brewing? Seems like Alpha 2’s arrival and sorting Bitcoin’s scaling issues might coincide.
Alpha 2 will surely bring a rise, question is will BTC see a rise too if all goes well… and then will the 2 together go BOOM BOOM BOOM or is that MOON MOON MOON.
What I notice: low volume and the other coins are also going down: see coinmarketcap.com.
Maybe a lot of people are waiting on the effect that extra regulations will give, the BIP148 Bitcoin fork on the first of august or maybe because it is summer.
I really don’t know enough of BTC developments to comment but my impression is that whatever angst BTC is going through is not clearcut as everyone would hope. See: Segwit support - Bitcoin Wiki suggests a bit of a mess.
If fiat is seen not to be as volatile, it seems crypto takes a hit in the way a safe haven would do. Certainly there seem to be big players or factors that affect a drop across all markets at the same time… perhaps banking conspiracy to create more volatility at a time they would prefer to be in control. In the absence of obvious big news, it’s hard to anticipate; so, best option is usually to ride it out. Low volume obviously also tempts exploitation… the usual pump and dump looking for the naive to amplify those.
I was thinking about this article: Ethereum May Be Regulated Like Bitcoin » The Merkle News
I’m also curious what the effect is of the OneCoin scam.
But I’m not following it that closely, so I’m not sure what the impact of these things has on the general price movement of cryptocoins.
When the price is so volatile, it is difficult to have a correct explanation.