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

Is impressive the growth of crypto’s market cap of the last month.

Think at the future, when total market cap will be 1 trillion or more. Maybe 1 year or less…
The situtation that Safecoin will find will be really different from the actual one IMO.

So when Safecoin will make access in the market, what’s the value that will reach compared to its marketcap in your opinion?
And what’s you expectation in terms of value for the future?

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This whole space is just getting started. Safecoin + the many other technologies with decent devs and a massively disruptive model will increase over a hundred fold in the next 12 months. I’ve seen it with BTS, LTC (most recently). The new wealth pouring in will eventually trickle down, as is evident now when you look at the top 30 coins.

I think once MAID hits a couple more exchanges, it is prime for a rapid rise. This feels like the calm before the storm, don’t know if anybody else gets that impression. I’m SOOO glad to be into this crypto space.

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And @anon78865233 its over 60 cents USD at the moment

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I think you are right. I can’t remember when I bought MAID for below 20 cents. It’s been a while.

Do you think futures on CME (on Monday) could affect altcoins price and specifically Maid token and how?

I think that–particularly since the futures contracts will be settled in cash–this current spike in BTC price as it relates to futures trading on CME/CBOE doesn’t make any sense. The institutions that are now given legalized/regulated access to Bitcoin cannot (publicly) and will not ever need to hold a single Bitcoin to bet on the future price. Therefore, if it were me, I would sell some amount of BTC on 12/18, take the profits and funnel them into alt coins. My two cents.

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A serious volume of trading over spot price will likely raise it faster. I’d say all that added liquidity (even cash settled) should help speed up BTC price discovery.

I guess no one knows, but my stab would be that the futures will pull the spot price up more quickly, giving traders and the market in general a growing sense of confidence that tomorrow’s price will continue to be higher.

We’ll find out soon anyway. There’s never a dull moment in this space, that’s for sure!

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Why do you assume no one would short the market?

Just some feedback on the futures.

I talked to most of the bank I work with in Geneva and none of them actually let clients get exposure through XBT futures.

Pictet for instance would like to. But they work with Goldman in the US for the settlement of all futures institutionally speaking, and Goldman refuses to provide access to bitcoin futures, so Pictet can’t give access as a consequence :joy:

Side note:
The pace of btc whale cashing out and brand new crypto millionaires is picking up at unprecedented level. It’s a global redistribution of wealth we are attending right now.

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Bit old but may be worth sharing:

1:39 “The coin that’s really got me excited over the last couple of years is MaidSafe, its an opportunity for people to get involved in a coin at a pre-launch stage, their privacy and security measures far exceed any other coin out there, and the ability to be a farmer will make MaidSafe have the ability to be much bigger than any other coin out there right now” - Sina Mirzaie, business development director of Coinpayments.net (March 25, 2017).
Entrevista exclusiva con Sina Mirzaie, Director de Desarollo de Negocios de CoinPayments,. - YouTube

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When you say bagholder, are you using ths definition?

If, so, who is going to lose out and why?

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I was just checking the different maidsafecoin markets and the spread between poloniex and hitbtc is massive. 3.3k sat vs 2.4k sat. They are 2nd biggest (1st if you count non-USD pairs) in volume for maidsafecoin according to coinmarketcap.com, so it has a big impact on market cap reported.

Anyone know what is going on?

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If that is true, it is a real shame that their total maidsafecoin volume is the largest. Not least because people may be getting a bad experience, but it also impacts on the perceived market cap, which to many is seen as a success rating (rightly or wrongly).

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Btw, the spread for other coins I checked seemed much closer.

Shorting is a horribly low EV play. There are too many unknowns and the fundamentals all point to BTC growth. The trend is your friend in trading. It’s been a pretty unanimous opinion amongst futures traders and commentators from what I’ve seen. Even those who hate BTC and feel certain it will fail all agree that shorting here would be insane, “it could easily pop to $100k before it collapses”. I think we’ll see very few shorts over the coming days and weeks.

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If they are on the scam most of that will probably be wash trading to make the volume look larger and try to attract some users to it. Fake volume is pretty common in crypto. Never used HitBTC thought so can’t really comment on them.

Did you see the tweet that bitstamp are adding 100,000 new accounts a day?! Just… wow!

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No for me bagholder is a whale.

People always think about getting in crypto, but some guys have so much btc in their hands ( in there bags) they have some real logistics problem to get out.

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For me, the term “bagholder” was epitomised by whoever bought LTC for around $50 in 2014… it was quite depressing reading the troll box on btc-e afterwards… felt so sorry for them… but hey… as long as they were patient and waited 3 years… all’s well that ends well!

I assume bagholder originally meant holding (a lot of) worthless stock shares or coins. But the term is probably used a lot in discussions about if something will become worth less or not, so holding of a lot of (potential worthless) stock. If you then let go of what is in between parentheses, I can understand you get bagholder = whale.
Or maybe this is meant :wink: :

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