I think it may be very beneficial to MAID to follow the Bitcoin boom. When this latest speculative bubble starts to deflate people will be looking for the “next new thing” in crypto to invest in while they wait for the next BTC halving. It’s not like people lose interest in crypto between the BTC cycles.
CoinMarketCap: 109
Nomics: 111
CoinGecko: 116
Any news from Bittrex?
I think 1 good thing about the later stage of the bear market and the recent bitcoin boom was that there have been hardly any new coins compared to constant new coins in 2018. This allowed maid to get back to top 100. ICOs seem to be a thing of the past and people tend to be more cautious investing in brand new projects (especially with rug pulls we’ve seen in the summer). I think the first stage of the next Altcoin bubble will be old projects coming back to life (i.e. their old ATH and much higher) which will be a healthy stage. This will of course have some new projects but not as many as towards the end of the bubble where 2017 will repeatagain and people will be investing in any new thing that has a shiny website.
Yes true it will boom Safecoin will come in market
People’s are not investing now heavily due to 1 2 exchanges maidsafecoin have
And old exchanges got hacks where maidsafecoin is… so wait it will boom soon when network will be on beta version after the swipe of maidsafecoin into safecoin
CoinMarketCap: 117
Nomics: 118
CoinGecko: 124
Volume is increasing as the price continues to drop. This is typically a bearish signal. Stemming the tide will likely require a release of the shared testnet in the next update (although, I’m not sure if that alone would alter the prevailing sentiment). Following up the shared testnet with a timely, more UX friendly release (e.g. with the browser, not dependent on familiarity with CLI) could help.
Most of the volume is in hitbtc, with bittrex looking normal or lower. I’m not sure what that means, but putting it out there.
That might be helping to keep the price afloat. Looks like someone might be back to trying to tank the price every 3 hours on Bitttex.
I suspect enough tech savvy people are watching from the shadows to turn the tide if this testnet works as intended, it will prove the network works.
They probably have deep pockets right now.
The rest will come when the bells and whistles are added, if soon enough probably with deep pockets too.
We’ve been in this mode for quite some time. Unfortunately (for them) MAID has possibly the only group of HODLers that outdoes Bitcoin. They will come, but there is simply no way for more than one or two entities to take a large stake at anything resembling the current price. You’d have to just buy out the sell side… nibble away and the offers keep moving up.
If this test network works out, the window to buy will be very short indeed, and after that people will be down to ponying up much larger sums or planning to work really hard providing hardware.
I hope your right, I keep thinking of trading 10% of my coins to ride the ups and downs.
But then I calculated how many trades I would need to gain back that 10%, and I doubt i could do it before we hit $1.
I also calculated no of trades id need to make the same fiat gain as just waiting for $1, again dont think I’d manage it.
So, I’ve chosen to just sit on my stash, at least till the price is a bit nicer.
I’m starting to think the downward pressure is going to keep us in the 32 cents to 28 cents range for a while. Even if we have a test net (the sellers seems to think the test net won’t matter / won’t work?).
It seems to be around $50k~ a day on Bittrex, I wonder if MaidSafe are selling?
Not for a while.
We need to remember David has said before they dont dump to drop the price, but set sells and wait for them to sell.
I was just curious, I mean who holds for this long and sells a serious chunk of MAID on the eve of a test net? not like a normal person needs such large sums to eat, while a company has much larger expenses.
I am really glad to hear exactly that.
Some ppl have millions, I admit odd time to sell, but its higher than its been in a while, and its well up since ico.
So you bought millions of an unproven super risky idea. Hold for several years to cash out at the point where the project is about to derisk significantly?
I suppose the only way to justify this is by thinking that this is the moment with the most risk. E.g the test net fails because the idea is unsound?