We are going to meet 1000 satoshi level again.
I think weāll see 600-800 , but iām not putting my money where my mouth is and not attempting to trade.
I agree, i think a bit of fud about the quick succession of test nets not carrying on has led to this as the progress is not clear to see for all, i will still hodl as i beleive we could go up 20x in btc price from here quite easy with some more progress of working testnets
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nymag . com - " Burniske believes that weāre in the āmid-cycleā phase of a larger uptrend for crypto ā not at the bottom or in a true bear market, nor at the top. āAnd this will be one of those days that people reflect on from the cycle, āRemember May 19? That was crazy.ā It will harden the veterans, it will spook some people forever, but the quality projects will make it through.ā Those survivors will include bitcoin and ethereum, among others, he thinks. "
So technically projects like this still get strong in their own way during a seeming bear market, different from the strength that comes from bull runs bleeding positivity.
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Most projects will survive, they are just going to become insignificant, therein lies the problem. We are a world away from where we need to be and if you look at it soberly we have dropped more than 70 percent after barely breaking the old highs in spite of the massive run up in eth and BTC.
I suppose it depends on whether you gauge success on token price or how close we are to a world changing product. We are a stable test net away from proven tech. That seems pretty cool to me.
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I think some people need to reevaluate their expectations. I personally think this project is a great investment because itās the ultimate āall inā move. I donāt think anyone should be investing in this unless youāre willing to keep your maid portfolio untouched for at least 10 more years. Or unless you think you can trade based on charts but not on company news. I mean even if they get a working testnet with no issues, then itās gonna take marketing efforts to get the word out, get on exchanges, etc. I mean itās gonna take awhile. This team is committed to getting it done but theyāre not gonna take shortcuts regardless of what type of market weāre in. Bear or bull. I also think itās unrealistic for anyone to expect smooth sailing regardless of announcements from the team. Ether and bitcoin are household names so theyāre always gonna explode. But if you put the same amount of money into both Maid and Ether today, ten years from now youāll have a lot more money from the Maid investment.
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I thought the same thing until we saw this ICP crap. Still need the network though and Iām done trying to figure out that timeline.
I havenāt been following the ICP story. How will that affect Maid?
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Someone posted a video on another thread. I think anything that appears to be a competitor is a potential issue for maid but at the same time, as usual, ICP is centralized, blockchain based, not open source ect. so itās not a true technology competitor.
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Can I take part in ICP right now other than buying a coin? No.
They are not a competitor at all.
For a coin that the public canāt mineā¦ they are getting a lot of attention. Being slipped in silently in places everywhereā¦
eg. Noticed this tonight while reading reddit.
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My only point is, when you have projects like this, itās one more thing to have to explain to people on why itās not like maid and why maid is indeed better.
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I dont know a whole lot about Internet Computer but from my perspective it pounced on the scene seemingly out of nowhere once ready and after a number of years in development.
Stands to reason that once Safe is finished it will do the sameā¦ no?
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From everything people have said about exchanges, Iām not sure how they got onto Binance, Kucoin, Huobi ect. Without paying big bucks. Also from the video that was posted earlier sounds like they raised upwards of 150 million in VC funds. These are all things that maid has not and likely will not do so I doubt the same trajectory is possible. They didnāt go top 10 Bc the tech was good, they just paid their way in.
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I think thatās a fair take, once the network is working and we start marketing, things will look better from then on. Patience is needed though. If you ignore the price progression and just look at the progression the team is making youāll feel better about the project in general. Safe may be easier to promote in a bear market too as thereās not as much hype so itās clearer for people to see what a sensible bet is. Right now I would have no idea what projects to put money in because every crypto is playing the same tune.
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Well, the difference is maid has been traded for a long time. Traders like hype coins they can get and sell and move on. Itās just the flavor of the monthā¦
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The problem with that high was volume. Even if you wanted to sell, it would of taken months to get rid ofyour stack on those bots or crash the price hard with just a few 100 Thousands. Very little volume and few exchanges is definitely an issue if we are talking solely about trading and price
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This makes sense to me but I wonder what @Sotros25 thinks about this one since she has a marketing background. Couple others here with marketing backgrounds too which I would also like to hear from about this.
Bear markets are when people arenāt chasing pumps and are so frustrated by price action they tend to look into innovation or fundamentals of projects more seriously.
During a bull market every project is screaming from the roof tops for attention. Development is steady through either type of market but the marketing seems heavier in the bull markets when there are more eyes on crypto.
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Filecoin also didnāt have their token on exchanges during development, for fear of falling foul of securities regulations. When it was launched, the token was then added to exchanges.
What was the token value between their ICO and launch? Somewhere between zero and what they paid, probably. With maid we just get to see these fluctuations. At least folks can get in late or bail out early with maid, I suppose!
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