Why is Safecoin price crashing like a rock?

This must have been really hurting some people and make them big lossesā€¦
Actually I thought Ethereum could do well but, before release I already started reading news about bad management and not enough money to keep paying devsā€¦

Loved your analysis,
I was thinking about this too and the maid value should be more than BTC.
Wishful thinking? maybe,
but maid will give much more to society than any other coin in existence, it must have some value

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A good currency canā€™t give anyone anything. Itā€™s a currency, something used to exchange two things or services of equal value.

The dumper just deposited 2 million MAID to POLO: http://omnichest.info/lookupadd.aspx?address=1PrCsLN4sacKAzALxQb4VKn8caMbUjj8AL
And he still hold more than 5 million MAID to sell. http://omnichest.info/lookupadd.aspx?address=1JiYsVotdpvp7LknygsAyC6tQ7ZGTWngUf

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Giving our actual society and government,
it can give us a bit of freedom,
much more than gold wich can be confiscated

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Nice :smile:

What I said two days ago about that guy:

I think we can also conclude that this is not about borrowing (what ProphetX claimed), but cashing out.

Iā€™d love to know who is the individual or group who staged the failed counter-attack earlier today. If they were a bit more skeptical they wouldnā€™t have lost 10-20 BTC today.

now there are 5.5 Million maid on sell book, it was 4.4 M when pump began, so I think this whale manipulate the market and put huge amount of coins on sell book. when he dumped all of his coins, maid will definitely go up.

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btw that crazy person was meā€¦

for most of the day i was underwater for about 1 BTC, even as high as 2 BTC in the red.

i did make out with an extra .36 btcā€¦ eventually

hope you all enjoyed the show.

btw I dont own anywhere near 2 million MAID, thatā€™s someone else that saw the price spike and started moving coins.

I left an order around 4500, just in case

Kudos for putting your money behind your word!

I was thinking how it would have worked better if people crowdfunded an attack, but itā€™s hard to organize if you donā€™t know anyone in person.

Who lost? The dumper probably lost some. Were other people buying besides you or just the dumper (in your estimate)?

Let me guess: 0.009 BTC

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OK,sir. letā€™s pump maid

Melody of the day, with sexual undertones:

Well, its not investing to trade i MAID. Its more like betting in an online casino. To many unknowns to call it investment. No set release date. No test net where you can confirm that it works. No detail data on how the coin will work. Its an idea but ist very weak and in an traditionally sense uninvestable at the moment.

there is someone else who put up the walls that i ate through on the way down when i switched from long to short (i accidentally sold more than i intended lol), then i think that person put up some big sell walls in the 50sā€¦

then i think the person that did tx of 2M to polo started to dump, then i closed my short position

from what i saw there isnā€™t much sell resistanceā€¦ the price can be manipulated very easily ā€¦ its just that at this moment there are a lot of holders who can sell and there is no evangelism / PR to bring in demand, but as soon as that demand appears the price would go up at least 3X

just my opinion

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Well, no I have never owned any MAID. But are you aware of prophetx that you are admitting to a crime? In some states, for incstance Sweden, price manipulation like what youre now saying you did is illegal. In Sweden its also illegal to make false information posts that are supposed to influende market price. Be wary on your local laws before going all crazy is my advice. And dont visit sweden without wondering if you will be arrested when crossing the border from now on prophetx :slight_smile:

The crime falls under ā€œallmƤnt Ć„talā€ wich means the state will prosecute on its own without anyone person raising the issue.

But like I said, MAID is not an investment under any normal investment rules. And also when it comes to digital coins whatis needed is actually a coin that is less of an investment and more of a medium for trade. Stability in value would come as a direct effect of being a carrier of much trade and being less of a investment commodity. Given that there is zero trade being done where MAID is used as a medium and that there are immense unknowns ofcource MAID is extremely volatile. MAID should for now be considered like playing in an casino not as an investment.

:oncoming_police_car:
The cops are on their way!

Fxxx the State!
What he did is perfectly legal on Polo. And also, Polo isnā€™t in Sweden.
(In Sweden the top criminal, currency volumes-wise, is of course the state-sponsored central bank Riksbank which is shamelessly plundering savers and actively working on the elimination of cash, which will remove the last line of defense for those who donā€™t want to play in the official Ponzi economy.)

I largely agree with the rest of your post (and the previous one as well). Thatā€™s why speculating in crypto is fun.

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Yeah ofcourse, I got time. But please donā€™t see me as a know it all or investment advisor. I think youā€™ll find the real answer if you should invest in Maidsafecoin if you ask the question: How much money does it cost to run (computing & storage) the current internet now? This is with security issues (hacks/ddos etc) excluded, because we wonā€™t have those issues on the SAFE Network.

What should be the real wake up question is: What will it cost to run the IOT on the current internet, in comparison to the SAFE Network? There are over 3 billion people online right now. More important, how many IOT devices will be online in 10 years? Will these devices really stay on the current internet to get hacked? If you read this Techcrunch article about IOT, you might get a hunch why the SAFE Network and itā€™s fuel SAFEcoin is no joke. This reads that there will be 25 Billion things online in 2020. Think about the headache CEOā€™s of tech companies will have if they keep these devices on the current internet. :stuck_out_tongue:

Also never forget that if your currency is not backed by anything itā€™s worthless (Hello fiat). The current insecure internet is a trillion dollar company, due to all the things that run on it. Well if thatā€™s done over again but secured, with itā€™s own currency, how much would that be worth?

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Beware, @janitor is forgetting that there will be a period during which you will need to either sell your coins, or convert them to Safecoin on SAFEnetwork. There will be a cutoff point when you can no longer do that, after which any remaining MaidSafecoinv will become worthless.

So anyone holding MaidSafecoin needs to check the project status at least once per month until this happens.

Who made that rule and when?

(And by the way my scenario does cover that - I said the coins would be there but maybe worthless.)