I suppose the price of Safecoin will initially be much lower than MAID is now

The chart shows how the coins eventually will be divided. At the launch of the network the existing maidsafecoins will be exchanged 1:1 for safecoin (still around 452 Million), nothing more.

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Nobody is doubting that.

The point is that that the supply will be increased beyond the natural increase through farming reward

I don’t understand what you’re trying to say, can you make yourself more clear?

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nobody is really doubting your conclusion that “prices will be lower than now” cos nobody knows and some have even agreed you might be right , hell you might be, but your assumption that these are the reasons for it being lower are flawed , especially since one has been proven wrong and to likely have a much more dampened effect on supply and demand mechanics than you mentioned yourself

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When the project will launch the value will increase because everyone would want to get in on such an amazing project imo
The value is dropping because investors are losing faith and they probably sold at a loss ( they will regret later for sure)
Maidsafecoin to me is a long term investment, i will look at the price a couple years after launch . If i can buy my groceries,clothes,services, etc… with safecoin i will probably not sold any.

When investing in such project you have to accept the fact that the value could go to zero but i think that this project has so much support behind it and is also so important for the future of our world that it can’t fail, it may take additional time but the people building this won’t give up.

I know that if i had the skills to help i would work like a dog to make this a reality and i’m sure the maidsafe team do.

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literally same/agree

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This line of thinking: ‘When the project will launch the value will increase because everyone would want to get in on such an amazing project imo’ is exactly the reason why ‘buy the rumour, sell the news’ works.
Demand through usage will take a LONG time to build.

I simply see no reason why the price should rapidly rise. Who do you guys think will suddenly be buying the safecoins off you?

IMO, as the utility of something increases so does the value. Does anyone have examples of projects where on launch the price actually reduced? This is counter-intuitive to me, but it would be interesting to see if there are examples.

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How about

  1. **** day trading
  2. buy the sells
  3. don’t buy MILLIONS OF A COIN (given the cap)
  4. don’t SELL THE MILLIONS OF COINS YOU BOUGHT, FOR SOME REASON
  5. wait patiently

Usually it is a correct assumption althou its more “buy the news , sell on release”

this is generally what happens in crypto currency , say you annouced “safe to be launch in 2 weeks time” you would typically see a rise/ increase in buying , causing an increase in price most likely, but on releasing of said product or feature usually those who have bought up the last 2 weeks will begin dumping into those now higher prices . causing a pump and dump effect in the markets. i will try to find examples of it but it might involve loads of screen shots of news announcements and market graphs of said coins before and after new announcements and releases of features

Edit : BTS would be the great recent example of such a thing right now, recently you saw with their announcement of their new improvements a huge surge in price to 2500 satoshi mark , it’s now around the 1300 satoshi mark after being released and a few weeks afterwards

What do you want to say?Maybe you’re one of those who made the crash price?Or are you a prophet? Only time will tell :slight_smile:

Every skeptics who is watching is project closely to see if a true anonymous digital cash is possible.

Safecoins could potentially solve every issues bitcoin has, scalability, tx cost, tx time, privacy, etc…there are a lot of people in the crypto space excited at the prospect of having a real digital cash but as i said they are skeptics, they will not invest in a coin that has not yet proven itself to work as intended.
You cant compare safecoin with other crypto in that other cryptos works already on a proven system which is the blockchain.When/if safecoin comes to life and works people will pour money into this stuff because it is the real thing, the real digital cash we have all been waiting for not some highly traceable bitcoin.
Don’t get me wrong bitcoin’s transparency can be very useful and will have a lot of use cases but it is not suitable as digital cash for day to day transactions imo.

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Totally agree. Skepticism is fine, but this guy has a purpose that we do not know. He created his post on October 20 and since then the price has dropped from 6500 to 3800sat! Coincidence?

Most likely yes it is just a coincidence .

Choose any 6 day time period in the last 2 months and the same could be “speculated”

He didn’t come on here and say “yeah price is gonna drop because i said so” he came up with actual theories as to why, which economically looking at the previous history of crypto are generally rules that ring true. there are obviously coins that have broken away from this pattern and have done the complete opposite, some have never seen a price below that of the initial IPO price.

There is more chance that it is just a coincidence than it is that he is some almighty holder of coins wishing to manipulate the price by posting his personal opinions about the coins price upon release to simply just discuss with others

let’s leave the conspiracy theories for the new x-files tv show :stuck_out_tongue:

I don’t have specific examples, but I think he means projects that launch and prove to be lackluster or under-deliver on the hype

I don’t see why you keep quoting this because the point of selling in this adage is that the price has not yet fallen. In fact, it is saying that the time to sell is when the price is rising - before - it begins to fall. While the “herd” instinct is still to hold because psychologically it is hard to sell something that is rising in value. Once the trend reverses, the herd still find it hard to sell because they perceive a loss, even if they bought lower, and cling on to hope. This is some of the real economics of markets, which gives rise to bubbles, crashes, peaks and troughs, if various depths and periods.

One thing I’ve learned about markets is that they are impossible to predict. Those who win are either simply lucky, or better informed. Over a long enough timetable, the majority always end up paying for their success. That’s a fundamental law.

Another learning is that their is never a bad time to take a profit. Another is that no investment is worth anything at all until you’ve sold out. Another is to reduce risk, which is mainly about spreading your investments around in various ways.

Most of it is common sense, but it is amazing how illogical markets tend to be, and that I think is because of three things: acting on incomplete information, and on incorrect assumptions (often widely held), and human psychology.

Coming to MaidSafecoin, most holders are not investors in the project. The majority holders, who bought initially, are either BTC speculators/investors, or people who dumped MSC rather than invested in MaidSafe’s idea and aims. In that environment, so long as they dominate the holdings, the price will be subject to their psychological processes, their calculations regarding alternative investments they can access to reap greater rewards, and external factors. Good luck predicting the market based on those factors.

Even once farming has doubled or tripled the amount of Safecoin available, these kinds of investors will still dominate, because a successful network will attract others who will buy in, while others “sell the launch”.

Whether demand exceeds supply or vice versa, and hence price rises or falls is impossible to predict within any predefined time frame. What you can do is make educated guesses, such as that if SAFEnetwork delivers and grows, the trend will be upwards over time. If you are very disciplined, and this happens, you can make money. But only to the extent that you do this better than most with the same aim.

But the trend might not be upwards. We simply don’t know. So personally, I’m completely disinterested in all the explanations and predictions people make, and in general I take little notice of analysts. Evenso, one can still make useful observations and learn how to invest more successfully than the herd, and that’s my approach.

While part of that can be identifying patterns and attempting to use them predictively, it is not reliable, so I suggest treating any kind of prediction with caution. It’s just gambling really.

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is it wrong that i liked that post with only reading half of it?

I completely agree with all the stuff you are saying. My opinion can still exist in all you have mentioned mainly because speculation , sociology and psychology play a huge part in the direction a crypto currency goes.

I also agree with the whole sociological and psychological behavior of markets, the thing that has helped me in determining movements in markets is based off of the sociological and psychological assessments in determining the movements and behaviors of the individuals or generalized groups of people that are involved in said project.

The reason i keep mentioning it is because given the history of crypto currency as a whole, it is a very common occurrence that happens . There is news announced about the releasing or close to arrival of said upgrade, improvement, feature or release of a project. people buy on this news, and then when said thing is released shortly after if not on the day of the release it begins to decline in value and sells far out weigh buys. it constantly happens and is seen in almost every single coins behavior at one time or another.

this would be explained by the speculatory nature of the majority of cryptos , basically the fight between the real world value of the coin and the speculatory price of the coin. The speculation of what value will be added by the release of said coin is much greater than the actual real world value it has gained, so there is a huge rush to buy up coins when the news is announced. these same people usually after the news has been released, after a few weeks of usually high volumes , the volume starts to decrease , price starts to take a little dip because not as many people are buying up coins at such a constantly maintained rate as a few weeks before and after release . the speculators and day traders begin to trade less , even shorting and betting on it becoming lower in value. this becomes a self fulfilling prophecy , after you see something happen in a pattern people tend to bet on that pattern coming out more often, so more people bet and play one that occurrence to come out because more often than not it has come out in the past

This pattern while maybe not typical behavior in some real world markets , the perception by a large number of speculators thinking it is true has made it true, purely by a self fulfilling prophecy. Just like the twitter pumper with 20000 followers that can “predict” pumps in coins, which are not actual predictions but saying a coin will rise , then a large percentage that follow him end up buying it with the assumption it will rise actually forcing it to rise . then as he claims it is “dumping” all those people who bought are now following his lead and selling creating huge change in supply and demand causing the price to drop. thus completing the self fulfilling prophecy

Edit: sorry thought i would add

Herd mentality in crypto is a rather complex thing especially with the amount of communities , there are a multitude of different herds all following and behaving different and giving different reasons to what they are doing.

This herd mentality while taken on by a possible majority, coins movements in the crypto space up until now are rarely controlled and moved by these types of people, and when markets move violently it is very rarely the majority but a small minority that benefit the most and control the market the most.

like with bitcoin going to almost $1200 many more lost huge amount of money than people who gained huge amounts , the manipulation wasn’t by a huge majority but a small minority who were holding potentially 10’s of millions of dollars worth

This isn’t to say this happens all the time, or that this is what will happen to maidsafe or any other specific coin when it is released, it is just patterns seen in the crypto space that are controlled by the sociological and the psychological behaviors of people and coins and projects will frequently break this sub par analysis , but there will be just as many if not more that will follow a similar pattern if the history of crypto for the last 3 years has shown us anything