MaidSafeCoin (MAID) - Price & Trading topic (Part 1)

Autonomi Network Token (incl (e)MAID) Price
2712

Maybe it’s 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 could’ve 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, it’s been a, well, quite high raise for me. I assume that’s from having a “hold hold hold” mindset… I mean, would it even be possible to “rapid-fire” 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 ‘one coin’ during that spike. Like e.g. if you traded from MAID to a coin that didn’t 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. It’s only those who believed in Ethereum to a MAID-like extent that have made off with a massive amount… even more so if there are Bitcoin-only decade-long purists out there.

With MAID, it’s the long haul. Though, various detractors I have come across (or semi-disinterested folk) like to call it “the long con” instead. (Well, only one person, and she was joking… well, half-joking… or 15%-joking, since “the long con” 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, she’s not even into the crypto scene [oddly, considering she knows more programming/computer stuff—than me, who becomes paralyzed by programming], but I just thought it was a funny phrase… mostly. Obviously I believe in the safe net to no ends, but there’s always that maybe slightly valid counterpoint out there for-pure-consideration, even if I know it to be untrue/false.)

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2713

There’s a big difference between trading and investing. Smart people do both and win at both ends. Maid is an investment not a traders dream

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2714

Yea trading need skills and practice, patience and good research based on both TA and FA, but when you used to it then its more then profitable, i would never be able to stop my fulltime job just by holding.

The most traders know a diverse porto is good in the long term also, cause you can hedge the positions against each other and take advantage of hypes in some sections, like its been in for example anon coins, masternodes and much more buzzwords.

Great example is holding Siacoin it went back from 850 sat back to 57 now lets say it dropped 90% means top buyers need a x10 to break even. Thats why i think if your trading you also need to reposition your trades.

But everyone got a own strategy and i just give views thats what a forum is for and no matter how people react here i do them based on my own TA and you can put 100 traders in the same room and 90% will come up with another TA. Do love the fact maid maximalist pop up as soon as you say it can go down more.

And i do start accumulating slowly in this downtrend.

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2715

2000 before the end of this week? It is entirely possible!

2716

Normally I would say you are being your usual overly bearish self but I just wrote an email in which 3000 sounded plausible if btc coninues this frankly ludicrous rally.

How btc hasn’t retraced yet I will never know. If only the alt (and today particularly Maid) dumps were in proportion to the btc pump…

Yes yes, cheap maid, load up, blah blah blah.

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2717

You must be one smart dude. Everytime someone starts talking about trading, it sounds a lot like the technical development updates to me. I know they are saying something good but only manage to absorb bits here and there. Good on you for playing both ends

2718

Anything is possible. It is whether you are willing to stake a bet on it that matters.

We were at over 6000 yesterday until the CME Bitcoin futures news hit.

However, the more money in Bitcoin, the more money in crypto, the more money in alts. It is good news all around if the pie grows larger, even if the maidsafecoin slice doesn’t grow proportionately at this time. It just means more potential growth for alts in the future.

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2719

BTC missed much of the rally earlier in the year when ethereum and other alts were going nuts. It seems appropriate that Bitcoin has a decent run in this stint.

Fwiw, I don’t think maidsafecoin is doing any worse than the others over the last week. Relatively, it has climbed a few places in the market cap ranks.

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2720

I can buy and hold and do my job though, which frankly, I enjoy more than betting on price movements. Moreover, I am not risking my own shirt when I do my day job - I can only benefit from it.

I did try my hand at trading and did make a profit overall, but they were tempered by periodic bum clenching losses. I also found myself constantly checking prices and in fear of some big news wiping out my position.

Sure, stop losses stop you losing too much, but if badly placed, you take a loss too early and then watch the price climb, etc.

I have no doubt that you can earn enough to make a living off it (many do). In my line of work, it is more lucrative and less stressful to just buy and hold an investment and gain income from my day job.

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2721

Agree with everything @Traktion says.

The higher BTC goes the more I begin to think the 200 odd times larger amount of Safecoin may not really matter as much as we think to our own personal financial goals.

Imagine a world with a $10k BTC (just around the corner it looks like). That’s without any sort of real mainstream adoption. That train may continue even significantly more northwards in the next couple of years as SAFE gets closer to release.

I personally don’t give a jot about money but I’ll be buggered if I can’t in the next decade (assuming working tech and mid level adoption) see a world which has a $25k bitcoin and a $1k Safecoin (and yes I’m fully aware that would require 10x BTC marketcap)

BTC is truly giving SAFE a protected, rails run to the top of the finishing straight.

Plenty of hurdles to cross before that reality ever eventuates but this ‘bet’ is truly unlike any other out there at the present time imo. Fill your bags, if it fails that’s cool we can live with that, however if (when) it works :scream:

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2722

I’m in two minds.

1/ Sell my whole stash of MAID because I can’t see anything bullish, it looks like the whales are only getting started dumping their MAID bags. Especially if BTC heading to $10k.

2/ Sit tight.

It’s so frustrating to watch most ALTS been rekt like this as BTC flies. I just don’t know what to do!!

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2723

I think you should start buying more maids :slight_smile:

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2724

Haha, yea, I know how you feel.

The market does the opposite of what I expect, I guarantee as soon as I sell MAID, they will recover.
I think the time for using the BTC price rise to gear up the number of MAIDs you own has passed, making
that trade now is wishfully thinking that you did it earlier.

I’m going to hodl.

If I ever do decide to trade for BTC, it will only be for a value greater that the BTCs I used to buy my MAIDs, trading to BTC now is an immediate loss and someone else will be making a winning trade of your back - and then you have another problem, when to you trade back to MAIDs.

I will be buying more MAIDS, but making a note of the BTC price - and only consider selling as an option if I can get more BTCs back for those MAIDs.

Hope that made sense.

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2725

Entirely makes sense! Think I might just hodl out for now…

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2726

I think many of us are asking the same questions.
My opinion is that anyone selling at those prices is firing a bullet in his own foot. You buy low, you don’t sell low.
I don’t even care how much lower will MAID go. I am not margin trading, so I have no margin calls to wake me up at night.
MaidSafe will almost certainly head back to 10k Sats and maybe more, thus more than doubling its BTC value - a better investment than selling it now for the, likely to be cheaper than BTC B2X.

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2727

Exactly the feeling I had until just recently. As much as I’d like to be a successfull daytrader, I’m simply not and I’ll never be. I tried it over a period of time, but I simply felt stressed most of the time. I don’t have the skill, energy and time to watch the market that closely.

I’m sure SAFE will be a huge success. It’s just this one horse for me now. I just buy more maids every time I have some euro’s left. If I were to lose that investment, so be it. It’s spare change anyway.

I don’t look at any other coins anymore. For some this might sound dumb, given all the opportunities out there…
But hey, at least I have peace of mind. I’m convinced this investment in MAID is a good one, and that’s that for me.

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2728

The recent time to sell was when maidsafecoin was a couple of months ago when it was around the 15000s. Better Still, around 6 months ago when it was around 20000.

Most of the action has already happened. Bitcoin has doubled over the last 3 months already and maidsafecoin is down to a third in a similar time frame. Sure, 5000 vs 15000 looks pretty bad, but in fiat, the picture isn’t as bleak - it still has 50-60% of its near peak value.

Maybe it will go down to 2000, but selling in the hope of catching the bottom/top is dangerous. It is an emotional decision made by greed, which will then be compounded by fear if the market turns.

IMO, anyone who has waited this long would do well to hold on. It feels a bit rough, but the timing is wrong unless you are day trading. This isn’t financial advice caveats, etc! :slight_smile:

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2729

I think it is wise to keep an ear to the ground for other ground breaking technology, but IMO, safe net is the most ambitious project our there, combined with a determinded, sincere and qualified team to deliver it. I felt this from the moment I had read the white papers and the Google forum at the time before the crowd sale and still feel it now.

It is obvious that safe net is the life’s work for key individuals in the maidsafe team. Failure will simply not be an option for them. Considering what alpha 2 has already delivered, I see no reason to doubt a fully working final product will be delivered either.

Most of the other projects in this space are either essentially blockchain apps or respins/reimplementations of the blockchain. While these may or may not be successful in then long term, they are also a completely different scope to safe net. They are aiming at a different phase of the technology lifecycle.

Safe net is risky, sure, but with steady progress this risk is deminishing. We should not forget the impact this will have in this space if a fully functional safe net is successfully. A new cluster of second technology phase apps will build on it, there will be clones, etc. It will be like Bitcoin over again to a degree.

Day, swing, etc, trade if you like but there are strong reasons to buy and hold maidsafecoin.

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2730

Bacobob, Ejjnite and friends ARE the whales.

They will push the price down shorting to their magic crystal ball target of 2000 and feel so smart that they ‘got it all right’… they are going to be in for a tremendous surprise!

Hold on tight :+1:t2:

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2731

Maybe, maybe not. Either way, Bitcoin has been surging for a while and maidsafecoin has been languishing for at least as long. Let the whales splash about and think about the next 6m+ is my plan! :slight_smile: