Say what? 
Nice time to buy some more 
2 Likes
Seems donāt have to think about converting maid to emaid for arbitrage anymore.
3 Likes
I will help to keep eMAID and MAID close together, it was a nice btfd moment 
To put it in perspective, a person sold over 300K eMAID and this is a huge quanitity for our current market.
However if you were to sell 300K MAID on Bittrex the price would now be 0.00000022 (294542.43600348 total MAID bids until that price) that would be a drop of -96% or put it at $0.005918 (given current BTC price of 26900 USD).
3 Likes
Someone reading libp2p isnāt a perfect fit and some more custom code needed? 
1 Like
No worries, please keep the price apart if you can. 
Well, you never know the reasons why someone is selling and if the amount sold is a lot or a little compared to how much they have.
4 Likes
That doesnāt fit the agenda of catering to our deepest fears given form via username.
Bittrex Orderbook Snapshot 23-May-2023
Edit: Yesterday eMAID on Uniswap hit a new high milestone on 24H traded volume!
7 Likes
Anyone checking the Bittrex price after the update tomorrow should be aware of this
NOTICE:We will be performing maintenance to our website and mobile app. This will result in downtime on Thursday, May 25, 5:00 pm UTC - 5:30 pm UTC (10:00 am PDT ā 10:30 am PDT)
please do not panic
5 Likes
Not a great monthā¦
Volume is VERY low but someone keeps selling - more experienced traders can tell me if they can possibly make a profit at these prices. I cant see how.
5 Likes
"There is crazy potentialā¦ but why stop there?
Iāve been in Bitcoin since 2013 and still rarely use it for practical purposes. Hardly anyone uses it regularly, and many people simply arenāt interested.
The Safe Network works well, takes off, and great stuff is built on it, it is something that Iād likely use multiple times a day (e.g. browsing, messaging, payments, backups, gaming etc etc).
The benefits of freedom and self-ownership of data are things that will appeal far beyond the current crypto crowd, so potentially many more users might regularly engage with it & hold SNT.
So, it could be hugely more useful than Bitcoin in peopleās everyday lives, as well as appealing to a far larger audience.
It also could be better better money than BTC due to faster, easier transactions, and demand should be more stable over cycles due to demand for data applications & storage constantly increasing vs speculative value being the major driver.
If itās used more regularly than BTC by a significantly larger number of users, works better as money, is less energy intensive, and has broader utility, itās not impossible for it to achieve a large multiple of Bitconās current market cap in my opinionā¦ though I canāt say how likely it is!
At 10x of BTCās market cap, Southside could buy Scotland, set it free, AND cover any fiscal deficits that may follow! 
"
I echo the same sentiment here. These are precisely some of the main keys that intrigued my interest in this project back around 2015iss, and hold the same weight today as much as then, if not more.
14 Likes
ping pong trading.
1 Like
Quantities are so low and the margins thin. By the time you allow for the commission, there cannot be a lot of money to be made.
1 Like
FYI I was quoting someone else there lol. But I completely agree. All capitalism and corporatism is made up fake fictional lunacy.
3 Likes
Apologies to all for dragging this off-topic, perhaps the offending posts and responses can be moved at some point?
Anyhow, the price continues to fall.
Someone seems happy to dump at a loss to suppress the price. They dont need to spend much money to do this - prob <$10k per week but it has certainly killed the price.
@neo I still cant see this as ping-pong trading. Plenty ping but no pong. Nevertheless something stinks.
1 Like
Agree.
But think of the rebound. Once it stops dropping, then great time to pick up some cheap Maid.
One thing that happens when someone sells big is that other trades get triggered and they sell once the price drops below their ābailoutā price and this can have a follow on effect with people deciding to bail out too thinking its a dead token now.
But the person who started it just waits for the price to drop as far as they think it will then buy back twice as many tokens they had at the start this crash
1 Like
I love the passion and really hope safe lives up to itās potential but i think you are being unfair to btc. Adoption is clearly growing.
10x bitcoins market cap is a fantasy at the moment. Lets get to $100 billion before we even talk about getting near bitcoins current market cap. Bitcoin is in a league of itās own at this current time.
https://www.reddit.com/r/Bitcoin/comments/13uucv6/a_thriving_bitcoin_circular_economy_in_pachacamac/
2 Likes
Bitcoin adoption is slowly growing perhaps, but I think itās fair to say itās not something average people are using regularly when compared with the likes of smartphones, social media, cloud backup systems etc, which are areas a successful Safe Network could be playing in eventually.
The Safe network, if successful, could be used by far more people, far more regularly than Bitcoin, hence it could be of higher value and therefore market cap. I donāt see that as fantasy, just a possibility.
Feel free to not consider long term possibilities of what could happen to the value of Safe Network Token, but to be fair, this topic is about token price, and considering long term possibilities is important for those holding or considering buying MAID, as it was for people buying Bitcoin 10 years ago where some would have though $1trn market cap was fantasy.
7 Likes
Bitcoin has been around for just 14 years and we are seeing:
- a country make it legal tender
- counties / governments mine it.
- other counties with weaker currencies starting to use it on a daily basis: Nigeria, Costa Rica, Guatamala, Argentina, etc.
- power plants starting to mine with excess energy
- Jack Mallas Strike app has just been made available to 3 billion people.
- Nostr, a new social platform using lightening network.
- Lightening network growing and becoming more stable.
- it being classed as a comadity by governments.
- Fidelity, Black Rock, and many other large companies moving into the space for investment, mining and offering services.
- most of the world have heard about it, although many donāt understand it. But a pretty big achievement with no advertising team or budget.
- banks starting to adopt it or look into providing services.
Thatās just to name a few. There is a lot going on with bitcoin and in my opion itās the only one thatās really getting real world adoption. Maybe Ethereum too but Iām yet to see something real world, but it could come. Moving to POS seems like it could have been a bad idea, but letās see on that one.
I agree itās great to dream of the potential. But it sounds like you are comparing bitcoin in its current adoption phase (without fully understanding itās adoption) Vs Safes ultimate potential. I think a fairer comparison is bitcoins full potential Vs Safes full potential.
SAFE has a lot of potential. Cloud storage is massive. A decentralised server infrastructure is massive. But bitcoins full potential is decentralised money, digital gold, a monetary policy for the world and a payments network. All the money in the world is far greater in value than anything we can dream of any other project. If SAFE reaches its full potential, it is likely bitcoin will have too, and probably well before SAFE has. If SAFE is successful it is likely Safe network tokens will be priced in Bitcoin, which is the hardest money with have ever known.
Iām happy to dream big for SAFE, but like to put it into real perspective, especially when comparing to Bitcoin.
4 Likes