Anyone see the 1600 point flash crash (Dow Jones Industrial Average) and subsequent 800 point rally in less than a minute or so?
Very unnatural price movements.
Running the stops?
Pretty tawdry and crooked.
So with the weak hands (i hate that term) fleeced, shaken out (in one fell swoop, flashcrash), and bonds seem to be stabalising, maybe next move is higher in next couple days for stocks and crypto?
That depends also on the metrics of the token system build on top of maidsafe, will it need safecoin and how much for a tx etc. If you can make tokens and those have the same fundamentals as the safecoin for example then the question will be how much do you need to transfer them and work with them.
Plus if you make tokens and they run on data then again it will be based on data
But maidsafe tx will be free, so if this will be the same case for tokens what would people stop making tokens for the whole economics and use a middle system like bancor for the tokens.
This add value to the safecoin network, not to the safecoin itself.
Maybe currency will be the only one (at start), but companyâs can easly issue an ico or an airdrop, they might even make a currency with airdrops overtime. People will find a way for a fair distribution and people will accept it just like many others did. Also you can think about an system like Tenx, where basicly the value comes from a reward on a purchase of anything, Then this token will be based on a real value and can 100% serve as an currency.
And then actually this currency can be even backed by a real valuta untill the complete supply is taken over, this would be a fair distribution.
Here is the story behind the âextraâ MAID from the crowdsale due to omniâs mistakes and what happened to those extra coins and the effects they might have. In there is a lot of addresses you can scan through too.
This is very old news and most already know about it and factored it into the MAID price seeing as its years old news. Extra MAID generated from the crowdsale
Not good times for those in financial markets. Really do feel for you @SwissPrivateBanker, but hopefully soon it will all be on the up and up again for you
I just donât see how crypto can recover when USDT is still such a widespread cancer on all major exchanges. Thereâs no guarantee or proof they even hold $1 or 1 BTC. The risk is huge
Right nowâŚeven if Alphe 3 is ready i think Maidafe should hold until market rebounds. For now use the opportunity to raise awareness and increase visibility. When it goes up then hopefully it takes Maidsafe along this round. Just my opinion.
Its a typical situation where people got in at high prices and selling before they lose too much.
The first ones to sell are the ones that bought in at very high prices. Then as the price drops then those who bought at mid prices sell and so on as it drops.
Once you get to about 20% of the rise then you are back to those who are either holding or the price is still close or higher then they bought and are confident that it wonât go lower than the previous long term ârelatively stableâ price.
So it started from about 600$ USD and rose to 20000$ USD which is a rise of 19400. 80% of 19400 is 15520. So that means a strong resistance will be at around 4500$ USD
Anyhow that is how that 80% retrace theory goes. Will it hold up here? Who knows.