I have some BTC and few other cryptos, but I don’t have any plans to buy more MAID. Why? A few reasons:
- Maybe the SAFENetwork fails
- Maybe some other project starts to shine
- I am all in in cryptos (mostly MAID). If I trade them it is taxable event in our country, and I cannot afford to pay the taxes without selling cryptos for €, and I don’t want to do that.
- Maybe SAFENetwork works technically, but someone makes a fork and manages to sell their fork to the (stupid) crowds better than Maidsafe.
- On the other hand, if SAFENetwork really takes off, my current holdings should be enough for me. I don’t know if you can have “enough” money, but I hope I can.
MAID is my biggest holding. Used to be 50% right after PARSEC news in May 2018, now it is 34% and still the largest, but not with so great margin anymore. I feel strongly that now would be right time to buy some more, but what if it fails, and I am left with less valuable coin and taxes to pay from the price appreciation of the BTC that I would use to buy MAID?
I am very bullish on MAID, but the risks, the risks…