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

Just admit it, you’re buying. There’s no shame in liking this project, we all like it.

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:joy::joy::joy::joy:

Accumulation wise, I wish I had more opertunity to buy cheaper.

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I would say under a dollar is very cheap.

We are going to see new all time highs this bull cycle IMO.

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Lend me $200k for my Lambo now - will repay $250k in 6 months - promise

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Uncovered!!!
@zeroflaw has an anti-sock-munching gambit - check the bottom of the pic

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The alt festival has begun? Many straight up graphs in the past hours.
MAID has had a good festive so far, so it appears to be laying low, these latest hours. But for how long!?

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I think i’m safe from socks now.

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For now, perhaps. Give it time! :wink:

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Hoping for a testnet soon to get this price moving :crossed_fingers:

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Hi there, in the previous thread you mentioned that someone predicted MAID to get to $600, do you have the analysis at hand? It picked my curiosity.

The original call was made in late 2016/early 2017. For the most part, his other predictions were either met or exceeded with MaidSafe being the one big miss so far. Searching for the article reveals he updated his assessment in 2018 to say he no longer recommends MaidSafe. That’s unfortunate, but also understandable. The next month is going to be crucial for this project, and the next year even more so. Without a product in 2021, I don’t think there’ll be much belief left.

Here’s a link to the “analysis”: Top 5 Crypto Currencies To Invest in 2018 - Alex Fortin

On a (more) positive note: while price is slightly lower today, volume is much higher at >$700K.

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Uh, that is not what I got from it. I think he recommended not to invest at the moment, as he felt the price was peaking (and he got that right).

The original article is from spring 2016. I vividly remember reading it, because it was then people began calling Bitcoin outdated and Ethereum superior. The hype was so huge it made you think Ethereum would dethrone Bitcoin before the end of 2016.

EDIT: Huge in the context of the underdeveloped, 8-billion market cap crypto world.

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It is easy to get lost in the numbers and hype with these things.

We must remember that Safe Network is a unique proposition. Many applications which are being built on top of blockchains may find the Safe Network platform far superior in due course.

Safe Network isn’t just an evolution of an existing blockchain design, it literally throws away the blockchain and comes at the problem from a different angle entirely. In the process, it aims to go far beyond recording small transactions. How can we calculate a price for that? It’s very hard. It’s like trying to put a price on the smart phone industry now, when analogue handsets were all that was known. If a similar conclusion follows, Safe Network will provide far more utility than blockchains and it could open the door way for a broad ecosystem of applications, that blockchain has failed thus far to inspire.

So yes, the current price could be higher. We can argue it is vastly undervalued, given what the network could deliver. The key here is could deliver. We still don’t know if it can deliver it. Until we have battle worn test nets which prove it, it’s still a highly speculative bet. Let’s not be coy though - if the bet pays off, by implication there will be a huge return. 10x? 100x? 1000x? More?! Take your pick!

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If the team could deliver something we could all touch (not only few techy people) not only words, we could easily see 100x in one year with bull run in mind, for me personally I will wait till 2021 end…

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The GitHub looks like its full of little bug fixes to me, thats a good sign for a test net.

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All the communication from the team suggest this is their primary goal. They want a product and want to demonstrate the core of it in the next test net.

The more that is demonstrated, the more confidence people will have. I doubt the market will wait for all features to be proven (before reacting positively), but it will wait until core is proven. After all these years in development, people will accept nothing less.

The good news is that the test net looks to be maturing nicely. I can’t wait to have a play with it!

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It’s nice to see such a flood of code updates. That’s a lot of changes so my guess is it will go through at least one more (but maybe more than one) cycle before a public test, but fingers crossed. :crossed_fingers:

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With a working product and if it functions as intended, sky is the limit for pricing. I reckon the price fluctuation would have to go through cycles similar like BTC now. To reach mass adoption Safenetwork will need to exist for several years to proof its credibility.

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Peaking at 30 cents? While you’re welcome to interpret things as you like, that’s a bit of a stretch. How can you not recommend investing in something that was at the time trading at 30 cents (in the middle of a bear market) if you still thought it would hit $600?

Prior to, Fortin had written a couple of positive pieces on MaidSafe. By summer 2018, he likely had recognized that the journey was going to be much more uncertain than he’d previously thought.

Regardless, I think that $600 is still a reasonable estimate in a world where MaidSafe is able to deliver a working product in the next year and supports that launch with an effective marketing strategy. It’ll be interesting to see if Fortin comments on MaidSafe again in the coming months.

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