The internet v1. Took over 25 years to get to the shape of the World wide web
Do you think a technology is automatically not worth developing if itās take over 10 years without certainty about when itāll be delivered?
If R&D teams throughout history had your patience, weād have far less decent technology around!
Creating anything truly new with any degree of complexity is often a very long process that takes vision & dedication to push through despite uncertainty & the need to create a new path that hasnāt been taken before.
MaidSafe are developing something new, unique, and complex, so itās not going to be fast, easy, or predictable.
If you donāt like that, best to stick with the many amazing projects that are less ambitious that are work with blockchains & re-arranging and tweaking other existing technologies.
Canāt think of any other project quite as cool or innovation dense either. Maybe the moon landing, but that was better funded and still took a fair while
Meh, I guess we just have to accept peopleās incredulity and scepticism for now. Patience is more valuable and rewarding because it is fairly rare.
I love that Jesse Livermore quote:
āIt never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. Iāve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mineāthat is, they made no real money out of it. Men who can both be right and sit tight are uncommonā
If people are having their patience tested now I wonder how many will fall when they have it tested the other way and we eventually get to $10. Who has the stamina to hold their bags for years to get to $100 or even $1000?
/hodl to spend, not sell. simples. billionaire or bust mwahah
Hmmmmm, trying to move away from the earlier FUDster, put a bunch of buy orders down to 4.5k as B2X approaches but looking at things iām leaning towards there being not much more downward pressure, things seemed to have stabilised a bit in the last week.
I would be expecting a slight bounce back post fork. Just weighing things up atm, being content with another big scoop at 5.9k tbh looks pretty awesome in the bigger scheme of things and preferable to trying to catch any more falls in the next week or two.
Anyone share that sentiment or have a different take?
My take is that regardless of what btc does in the short term, there are very likely a good number of alts which will do better than Maid in the next few months and theyāre what Iām betting (being the operative word) on, in the hope some of them pop and enable me to buy more Maid than I would otherwise have. Reallocation of funds to a basket of more promising short term coins, basically. But always with more Maid as the end game. So I donāt mind what happens to maid or btc as long as the basket equals or betters Maid, which shouldnāt be too tricky if you believe like me that Maid-specific pumps are much less likely in the current environment (maid entering its next long quiet phase of development, crypto mania continuing to spread elsewhere).
Note I am not criticising Maidsafe or the pace of progress at all, just assessing the dev cycle / roadmap and itās possible effect on price. When itās ready, itās ready, and I hope to max my stack in the meantime.
Any thoughts on my thoughts warmly welcomed!
(My characterisation of ālong quiet phaseā may be oversimplified or just plain wrong, especially given the new marketing hire, but I think most would agree that Alpha 3 is not coming out next week, nor are we likely to be surprised by a barrage of tier 1 PR in the near term)
Well @danski, I too have some other alt coins that I feel will do much better than MAID in the next few months, Not much really since I donāt have all that much anyhow in crypto, but it should (hoping) mean that I will even up with even more MAID than if I bought just MAID now.
Neo what others alcoins do you have?
Not much really. PDC, safex, and a little of NVO, gamerbits, another I bought to hold (forgot name). I donāt hold much hope for NVO even if just Iām against kids running ICOs
Like you already explained yourself if you converted back you would have a lot more now thats why this is also
a trading topic. And it was just to show hes comment didnt add up at all in a altcoin bear market. (unless you buy a worse alt)
And i never talked about direct competition, but about other altcoins that will do well based on their technology and roadmap (launches of features, announcements) thats what a trading topic is for.
People dont get me wrong im here cause i do think maidsafe is great as general idea, doesnt mean i think its the best investment atm.
Funny how people praise you when you say something good about the price, but that the maximalist pop up when you say something bad.
And finaly someone that indeed get the trading game, you gain as much as possible to make your long term porto
as strong as possible. And have a lot fun underway.
You should check out $DCR at 0.0045 btc, $LBC at 2400 sat and $SIA at 60 sat. I believe they can have a big bounce back after this btc gains.
I agree. Alts should bounce soon. BTC is not a comprehensive tech solution.
Its lacking compared to others, but still the best store of value, so many people joining daily not even knowing about altcoin. if im right coinbase have somedays 20k new users. So bitcoin can easly still go skyrocket much and much more based on the low supply and growing demand. But on the other side end march it crossed the $1000 and its now on $6200, that went insane fast so a correction is also easly possible. Really hard to predict make a nice hedge and you always will come out as a winner, but my biggest aim atm are alts going to rebounce soon.
I replied to @Wallet111 who had made this distinction
I have no skin in the game in terms of trade talk, however I do think that care needs be taken in that realm. Its too easy to make false statements regarding an unknown that can go any way, up or down. In terms of trade all I know is the vast majority of day traders seem to lose money, like gamblers. I donāt get too involved there, but like in the UK I find it odd that āfinancial consultantsā or āindependent financial advisorsā are not billionairs but their game is to make people money. I am constantly puzzled by that one.
Itās like standing in a bookmakers joint where everyone knows the next winner but most leave broke In any case its not my game at all, it is for many though and that is cool with me. In the digital currency world there are many opportunities and its nice to see but hard to hear the apparently absolute positions if that makes sense.
Traders gonna trade, engineers will engineer etc. so its all cool. Hope that makes sense.
In markets like forex only 10% is actually making a lot money, but in crypto its diffrent if you ask me much is driven by technology so you can easlier determine what to expect compared to companyās there quarterly revenue.
Also because many are new its like investing in a start-up and the returns can be huge. Everyone is aiming for that x100 coin.
I wasnāt suggesting people should not be diversified. I hold a good spread of over a dozen other Alt coins. I believe in SAFE, but Iām not a maximalist. I will hold BTC for a long time because it is a safe store of value and the current gold standard of this ecosystem. I expect some might well boom more than MAID in the short term. My point was only that shifting your bags around too much is usually a bad idea - unless you have some really good info. I invest in lots of things, I just donāt trade them very often and not without a āhigh degree of certaintyā for the trade . From my own experience and research the big wins seem to come from investments rather than trades. Each to their own though. I apologise if it felt as if I was attacking your pov, I only intended to express my own.
I was not reffering to you, your post are actually not that bad. But some reply with off-topic replyās that got nothing to do with the actuall discussion
Maybe itās a little more than 10% in crypto of people who make it big, than vs. forex, but I sure believed I was going to be hella rich by having a rapid-fire trading mentality, and yet my holdings kept fluctuating between large and small (20,000 to 1,000 dollars), seemingly solely because of the mindset I had, which was to be active and play the fun game or whatever. Maybe I couldāve kept on going and had way more than I have now, but principally, as soon as I settled down in MAID 99%-forever (with one silly trade here and there), I made steady gains greater than anything previously.
Ever since crypto went from $1B market cap to $75B, itās been a, well, quite high raise for me. I assume thatās from having a āhold hold holdā mindsetā¦ I mean, would it even be possible to ārapid-fireā trade during $1B-$75B and make any money? I guess, if you did trade during that spike, there would be a variance (a low-to-high one) of wins or losses compared to strictly holding āone coinā during that spike. Like e.g. if you traded from MAID to a coin that didnāt have as much of a rise, you would still make quite a bit of money, but not as much as if you had stayed in MAID. And if you traded from MAID to, well, Ethereum, you would have a lot more money. But then, who knows if you would have stayed in Ethereum, since you would be in that rapid-fire, gambling mentality. Itās only those who believed in Ethereum to a MAID-like extent that have made off with a massive amountā¦ even more so if there are Bitcoin-only decade-long purists out there.
With MAID, itās the long haul. Though, various detractors I have come across (or semi-disinterested folk) like to call it āthe long conā instead. (Well, only one person, and she was jokingā¦ well, half-jokingā¦ or 15%-joking, since āthe long conā is a phrase used by a jokester that we know whom she loves to mimic; but she also expressed serious skepticism of claims, etc., at other times. Anyway, sheās not even into the crypto scene [oddly, considering she knows more programming/computer stuffāthan me, who becomes paralyzed by programming], but I just thought it was a funny phraseā¦ mostly. Obviously I believe in the safe net to no ends, but thereās always that maybe slightly valid counterpoint out there for-pure-consideration, even if I know it to be untrue/false.)
Thereās a big difference between trading and investing. Smart people do both and win at both ends. Maid is an investment not a traders dream