Why is maidsafecoin going thru the roof?

Maybe Max Keiser has bought in with his Bank to the Future fund, they bought into Storj so I’m sure they must be looking at this one also.

No advantage is gained from knowing the bittrex will list the coin. By the way the listing came in this morning.

I’m curious. How long will it take to convert from safecoin to bitcoin and back again? I mean safecoin transfers atomically but bitcoin has that whole blockchain consensus thing going for it. So how much lag time are we talking between the two of them?

I mean this might ALSO be something that affects transfers. Smaller more rapid transfers and transactions might be better suited to SAFE but if you’re going to do a bulk order or transfer bitcoin might be just fine.

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gotta put my lotto winnings somewhere! :slight_smile: [I wish!]

Bittrex has some highly credentialed security experts and they are very accessible. I recommend checking out the slack and asking them questions directly.
http://slack.bittrex.com

If you have a min help get some volume going over there. More people will learn about the safe network if it’s on the front page.

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I have a thought on this

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Hot damn!
24hr Volume:
341.80119431 BTC

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think it hit 600+ yesterday some time…

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My interest in safe coin began when I payed for the ico with bitcoin because the safe network seems to be a very needed thing… Since then I’ve mostly forgot about the coin due to its value setting to the master coin ico value. My interest was renewed when I seen that Maid seems to have hit a clear bottom in value. At that point, traders start to feel more confident that if they buy the coin it will at least not lose value. I also feel the news of pending test net release is creating a sense of urgency for those wanting some maid at a very good price. I am also very interested in doing a little farming when the time comes :slight_smile:

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Wow dropped back down to where it was a few days ago… pump n dump maybe?

IMO the fear that was present last year has gone; with a whole new year ahead; ever present constant work; crazily reduced code complexity; 10 year anniversary; confidence. The fact that it even jumped up this month at all should say something. Cynically speaking, manipulator(s) could have noticed this new energy, and P&D—after all, there’s still work to be done for many days ahead, so, the real hike won’t happen until even way way more confidence is shared by most.

As soon as BTC started rising again, 100+ BTC worth of MAID was sold – either by the person who had previously bought 2 million MAID at 5000+ Satoshis, or, by some other “whale.” (During the major rise and the major fall, I wasn’t present at the computer, so I couldn’t look at all the individual trades happening.) So that fear is still there. It depends on what the personality of big traders have I think, and it just so happens that MAID’s big traders are big wussies. But they cut their losses, at least to them.

I think when the chart is moving sideways, that, given what I’ve been saying here with new energy: dumpers / whales will be more reluctant to sell off some of their stash. Pair that along with extremely gradual rises happening—an outcome of said less fear—and you have a refreshing turning point… in lieu of some of last year’s extreme pessimism.

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I agree with this. Many coins are dumped when btc rises and generally recover somewhat. Also, some pointed out the volume of traders is increasing significantly. The troll box on polo and Twitter is full of folks taking note of the potential they see in the chart. The fact that maid rechecked its “bottom” without breaking below it, could increase positive sentiment over time.

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I see maid supply still to be large, and btc still looking positive at the moment, I only see maid going up after another milestone is reached on safe network.

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Another factor is that maid is one of only 13 coins that are margin traded on Poloniex. So people can leverage buy and sell maid. They can use their fairly stable priced maid as leverage to margin buy one of the other 13 coins, maid gets liquidated when/if those bids don’t work out. I’m not sure how all this effects maids price fluctuation, but it likely has something to do with increasing volume of trades.

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If one sells MAID, he can sell at a higher price at Polo.
If one buys MAID, he can pay less at Polo.

It makes no economic sense to trade MAID at Bittrex.
If they cut their margin to 0, it would still not make sense, so…

I think your right presently. I sacrificed about 800 maid so far to support Bittrex volume. It does not make sense for the short term maid holder, but in the long term the outcome is very different. More exchanges means greater accessibility. So yes, I was just asking for a small sacrifice for the good of the whole.

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Looks like maid is being accumulated again. The bottom is looking strong at 3800 range.

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Whee!!! Knocked on 5700 there…

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I’m glad my bags doth overflow :wink:

You know with such low vol and little resistence (only 8 mill on exchange) this could really zoom up after live launch with real safecoins (presuming we see them on polo etc).

Hopefully a lot of early adopters catch on and start using safenet quickly - especially the wallet/messanger feature for their secure messaging - I know I will on the day it’s available.

:slightly_smiling:

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The days of dreaming for quick rises to sell off / day trade are coming to a close, ever so gradually. Keep a cautious lookout for the time of unrelenting buys. (There are a lot of people on Poloniex now, with mucho Ethereum profit. All coins will have pumps, logically speaking; in a likely sense.)

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