MaidSafeCoin (MAID & eMAID) - Price & Trading topic (Part 2)

Autonomi Network Token (incl (e)MAID) Price
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4114

Sorry to add to the grief you might already feel about your personal crypto investment strategy over the last 7 years (I feel your pain) but in reference to the chart above:

  1. If you would have spent $100 buying MAID (disregarding expenses and fees) on August 26 every year since 2014 you would have amassed a total of about 13,188 MAID over the years ($6,462 current value based on 8/26/2021 MAID price of 49 cents).

  2. If, instead, you had spent that $100 on BTC each August 26 you would have about .858440 BTC now, valued at $40,668 based on 8/26/2021 BTC price of $47,374.

  3. That $40,668 (or .858440 BTC) would buy you around 85,000 MAID at today’s prices. :anguished:

The potential of MAID, as an investment, though, might put this exercise to shame. :smiley:

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4115

That is correct sir, hopefully the tides change in the coming months!

4116

I’m worried about the price, lack of visibility from Maidsafe. I’ve brought people into this project and when I did it was a crypto project. That is how I discovered it as a crypto project listening to the team being interviewed in relation to crypto. Now its a software company with no marketing, no partnerships. No word on our largest exchange being locked. No word on how close we are to a network.

At what point to I tell those I brought in to sell? How much longer should we hold on? I’ve lost confidence and I’m not sure what to do. I can’t watch my investment disappear without any concern from Maidsafe about the price or visibility of the project.

Please only reply if you have constructive comments.

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4117

My constructive comments are:

  • Don’t advise people to invest their money based on your opinion. Tell them about the project and let them make their own mind up and invest with open eyes.
  • Don’t post FUD on a forum, which may make matters worse.
  • If you lose faith in an investment, sell and walk away. Don’t poison the well, as it won’t heal any bitterness.
  • Don’t blame the project for your advice for others to invest. They didn’t ask you to. It was your decision. If their best isn’t good enough for you or your expected returns, just walk away.
  • The team is working hard and doing the best they can. If you don’t believe it is enough, that isn’t their fault. Take ownership of your decisions and let the team focus on delivering as best they are able.
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4118

In addition to this, I hope eggs are not all in one basket. There have been so many opportunities in the crypto space AND in stocks over the last 18 months, that there really shouldn’t even be any concerns about MAID investments. And there are still more opportunities yet.

One overlooked sector I recommend looking into are insurance coins. As crypto becomes more mainstream, more people are going to want to protect their assets while taking advantage of lending platforms and liquidity pools.

Also, dapps coming out on Cardano. Whether you like their chain or not, they have a huge following, and will have projects which will explode. Even if you feel that such projects will become less important once SAFE launches, there will be gains in the interim. Particularly if you feel like SAFE is still a ways out from adoption, it makes sense to take advantage of the precursors.

Lots of good info on privacy coins on this forum, also.

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4119

Those are some good comments.

My comment is that this project, and hundreds of others, come and go in waves—100% of the time, thus far. I really doubt this project is going to flatten out completely. There is way too much innovation for it to be completely ignored into oblivion, unlike some "shitcoin"s of the past.

My advice is to have the patient wait it out a bit more before selling, and maybe the impatient to sell now? Then the absolute most patient can keep waiting even when the upwards price wave is well into its power (or sell gradually with each new upward momentum).

I don’t know if MAID has decoupled with all the Blockchain projects out there as far as association with them (which was somewhat already the case across the years). But there are things to look forward to from this project, such as further test networks—which thus far has always seen the price go up, whenever these test networks show up. As well, @Sotros25 in another thread said something is on the horizon, regarding a transition into ERC20? So there are always other ‘threads’ of hope that exist either in sight or out of sight, whenever old threads seem as if they are coming undone.

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4120

How I see Investment by the numbers

  1. Be patient

  2. Sell, and be patient elsewhere

Problem with number one: No one knows how long I need to be patient for

Problem with number two: No one knows when to sell

  1. Drink some beer, fall asleep, and forget about my investment

  2. Wake up, Take a walk, and enjoy life

Cheers

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4121

Comparing with the best possible counterfactual as the comparison (eg bitcoin) is really missing a lot.

Converting the growth rates from the table by VaCrunch we get MAID annual returns (in dollars) as

Years Invested Total Return % Return PA %
1 390 390
2 133 52.7
3 104 26.8
4 -10 -2.8
5 345 34.8
6 2350 70.4
7 2350 57.9

Compare this to a standard vanguard ETF at around 4-5% PA, this performance is a whole different world (and so is the risk!).

Compare it to a really successful stock, maybe apple, MAID has consistently outperformed it. If you told your friends to invest in apple 7 years ago when the price was $23 and now the price is $150 they’d be very happy but it’s ‘only’ a 30% annual return (still pretty amazing for a stock). MAID has been a much better investment than that over almost all time frames.

If you believe maidsafe will fail to deliver then sell your excellent gains now and avoid the potential loss later on. But don’t pretend like you’re at a loss. These are excellent gains by any measure.

Comparing with “only the very best counterfactuals” is just a special-kind-of-complaining and tends to obscure the reality.

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4122

Wasn’t complaining, just presenting the data in kind of a new way. Thought it was interesting. Personally, I am very happy with my investment choice during those 7 years. In the long run, I don’t think I’ll regret it. Proud of the fact that I bought MAID many times during that period but have never actually sold (or traded) any MAID. Don’t plan to in the foreseeable future either.

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4123

I agree that all this stuff is worrying but it is not a reason to sell. There’s been some indications lately by members of the forum that they are working to address the issues you’ve outlined. If you take the issue with bittrex out of the equation, which will be fixed, then things look cautiously optimistic as they always have.

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4124

That’s only true if you invested in cash, if you invested with btc its been a straight hellride down. Check chart a few posts above.

4125

Missed potential gains are not losses. For example, a year and a half ago if you had bought hex for $100, which I mentioned here in the forum, you would now have over half a million dollars…

Privacy. Security. Freedom

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4126

It’s all relative, I invested over 20 bitcoin, now my investment is barely worth 3.

I care about the number of bitcoin I am able to get, in this regard, this invetment was a bust.

My investments always have one goal and that is to multiply the number of bitcoin I owned. Worked very well most of the time, guess you can’t always win…

I just hope the tables will turn!

4127

If you want to feel bad, here’s some more salt in the wound.

You can’t sell MAID for 3 bitcoins, if you take out even 1 bitcoin with this low liquidity, consider yourself lucky.

But just in case, keep 112 MAID, my prediction is that in the not so distant future it will be enough for you to be a millionaire :love:

Privacy. Security. Freedom

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4128

Well aware of that, but even if I wanted to sell my only outlet it Bittrex, and that wallet is down… just looking at things onfold and hoping for the best…

4129

The crypto is the fastest growing asset in human history. It’s crazy to be in just one crypto project. It makes sense to throw pennies into other things as well, so if you become a millionaire faster you won’t have to sell MAID at all and you can help with something that will create real value in the world, not just speculation for degenerate gamblers…

Privacy. Security. Freedom

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4130

I was into almost everything, I made my money. I sold almost everything for amazing returns.

Maid is the only one I haven’t sold, It’s the only one that makes sense to me.

I’m expecting most crypto projects will go to zero within a few years, there is too much crap and worthless projects out there.

The crypto bubble will burst just like the internet bubble of the 90s, history always repeats itself, it’s just a matter of time.

Just a handful of projects will survive and I’m betting maid will be one of those…

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4131

It’s just a matter of perspective I think. To Maidsafe there is no true return to investors without a network with SN Token and given how long it has been and how anxious most people have been, it’s important to them they don’t stall and focus fully on delivery.

Once launched, there will be a flood of interest and efforts. People who long HODL’d but forgotten, those who disbelieved and see it working, crypto publishers/maybe even MSM (what a story!).

Only time will tell but this space is supposed to be about robust and freedom preserving software but most projects are almost all about over selling things that fall short. The returns may be great but remember somebody is always left holding the bag. In this case, maybe we’re holding the maid bags but at least we are here amongst the longest lasting crypto project because of what it will do for humanity and less about how it will line our coffers.

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4133

I hope they didn’t bet the house on Maid. It is very high risk. You could lose it all or you could win very big. That’s part of the thrill.

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4134

You are in Kabul, you need out fast. There are 2 companies building your plane. 1 has only Engineers designers and manager, they are hardly speaking but do update you on what’s been done. Progress seems very fast.

The other company has a bunch of marketing, they are chatting with many other projects, they have a couple of engineers and millions of charts, drawings and always seem to be in interviews. Lot’s of progress report charts and timeline promises, but the couple of Engineers have not even built a part of the craft yet.

So who do you feel safe (company 2 I presume) with and who are you actually safe with (company 1 I presume)?

The safety feeling of fancy pants charts and shiny happy people is a human issue, we are happy to be told all is well, we are happy with charts and constant chatter, even when we know none of that work is building our escape craft.

I get it I really do, but seriously get it built is best, community input makes it faster, considerably so. All the rest, just slows it down.

Now we could do what folk want and pivot get in marketing folks, pay for PR and pay these “independent” media outlets who constantly bug me to write stories about us (for, you guessed it, a shit ton of cash). Then the price of MAID would rocket, sky high actually. All holders would get rich and shiny lambos that is one kind of win.

Our approach to a win, is to get the thing built, get it out, really understand what functions users want in terms of mass (and I mean mass) adoption and change the world for everyone. So holders to get great returns, better over time and we stay honest. Then we give folk what they need (not necessarily what they want (I confuse here, but want like H T Ford said, cars not faster horses)) and let the process move on.

Will it always be MaidSafe who drive this, well no and there is the rub, we will benefit and profit, but to really profit we will become much less important.

So all the MBA stuff does not work, the heavy duty marketing does not work, the slick suits or scruffy as hell hardly able to speak tech genius image does not work. What will work is like bitcoin, launch and let it go, help where possible and keep updating, simplifying, securing and sharing.

We are either doing something great and groundbreaking like bitcoin or a polio vaccine or we are closer to a potential exit scam child like crap project. I choose the former and maidsafe operates as the former :wink:

I think most of us do. We could be right, we could be wrong, but we take our stand and this is our stand. Be firm and let’s see what happens when we launch, or sell up and wish us luck as our intentions are honourable, I believe.

No dig at you @Knosis in any way, just my feelings and this last week I may not have been as able to stay quiet as usual.

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