Lol, one out with the bitconnect scam
I bought my MAID with the intention to hold and convert to SAFEcoin to utilise on the SAFE network. Its nice to look at the prices and be amazed at its current āpriceā. But at the end of the day the value in the coin for me is that I can use it to buy resources on the network.
Mind you at the time I thought that weād have the network by now, but I have learned a lot since then and realised the true scope of the project and am happy to wait now.
It will be impossible for safecoin to be worthless, it can never be ZERO.
As long as there is a network up and running, and services exist - you will get something for
your coin.
NO other coin out there right now has this.
Those poor bitconnect holders, what can they use their coins for?
Yeah I know what you mean. At least with the USI Tech ponzi MLM, you can use their white paper for their Tech Coin for a practical use. It comes with perforations
Can someone explain how a coin that just scammed its entire user base out of their savings has a bigger market cap than Maidsafe? I mean itās actually quite comical how this market works.
Which coin is this�
The coin is Bitconnect
Easy Peasyā¦G R E E D
Easy way to explain away all logical paradoxes: Safecoin/its consensus doesnāt exist yet.
ā¦And neither does Bitconnect! (I actually donāt know anything about it, other than itās complete nonsense.)
But even the prospect of the fact of Bitconnect merely relating to a technology called āBlockchainā, an existing and proven device, is somehow used as an excuse as to why MAID is lower than x y or z coin.
Or there is literally no reason. Thereās also pure pointlessness, greed, fluff, 100% marketing, all of which can inflate a price to great highs. The era of such happenings is pretty much over compared to years ago when XCoin etc. existed ā but if you look at Bitconnect, itās like some kind of insane revival of that bastard era.
MAID has pretty much told the world, through its struggles over the years, that its merits are purely development-based, utterly refusing any sort of hyperinflation of ego and market until the design is good and ready for it. To the point where I feel like investors almost feel bad about pushing it up too greatly. (But at the same time I encourage them to do it anyway, lol. More funds for R&D, higher placement in the CMC listings to indicate its behind-the-scenes seriousness. The stuff I say about struggles could very well reverse at any time, if it felt like it⦠I guess not too extremely, though, until Beta, etc. Heck, the next update may bring some more anticipatory news.)
Does anyone look at / follow the different exchanges? HitBTC always seems to be trading lower by a significant %. Below snapshot shows a difference of ~10%. Does anyone know why?
I would expect this to occur every now and then due to the difficultly to take advantage of arbitrage due to BTC price movement and fees to move money between exchanges, but from watching it over the last few months it is consistently lower than Bittrex and Poloniex.
Exactly everything @Antifragile just said. Hoping that HitBTC will get cleaned upā¦till then: avoid, avoid, avoid
I couldnāt help myself and sent some ltc to hitBTC it took several days for the transfer to show in my account. The trades go through as expected. However, I have not try to send MAID out of thereā¦I heard the fees are insane. I will check next time i am in there.
I recently recommended investing a small amount into MaidSafeCoin to a non technical friend wanting to dip their toes into crypto investing. They went off and did some research and i was suprised when they came back with a dubious list of exchanges to buy at as listed here:
https://www.investinblockchain.com/what-is-maidsafe/
(Bittrex, HitBTC, LiveCoin, Curex)
No mention of the biggest: poloniex. Just thought I would mention it as there may be a rise in misleading information getting high ranks in the search results.
I usually always leave a tab open on this topic as it gets way less (distracting) updates than the main page but still gives alerts when something big and interesting is happening. Great topic thanks everyone!
Although I agree with the other ones, I wouldnāt write Bittrex off as a dubious exchange. Only two days ago I bought some MAID there during the dip, withdrawals were approved without a problem with a fee of 2 MAID. I have done quite some trading there and never had a problem, or maybe Iām just one of the lucky few if all of you would have encountered some dubious sh*t going on there
Agreed
Bittrex and poloniex are the reliable ones compared to the others.
At this point I have read negative things about virtually every major exchange. I went to Poloniex first but they wanted my SSN on signup. I then tried out HitBTC, transfered bitcoin in (which took about 5 minutes), and was able to buy MAID anonymously. I cannot comment on withdrawal fees just yet as ātechnical maintenanceā is preventing withdrawal.
Good to see the new Upbit getting some volume and at a decent price too.
Derivatives and all debt based things on that list make no sense.
Crypto does. Asset-based instead of debt. No inflation. Lots of room to grow.
Hodl strong hands win