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

I like to see sources…

I was interested in whether people thought there was a connection between the stock market going down and crypto, not porn…

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Or it could also be that some whales have had time to read the article/report below from a few days ago.
When I read it the day before yesterday, I wondered if BTC would go lower…

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The sources for the items are very public, e.g. news reports, etc. The source of the list is unimportant.

Porn lawyer is simply the descriptor used in the list and widely across popular media. If you paying attention to politics, you understand the role that this guy plays as a very public pitbull for the democrats and potential 2020 Democrat Presidential candidate. He just got slapped with allegations that could have come months or years ago. The guy seems pretty horrible. What’s the point? It’s not the allegations. It’s a political signal that he just got cut from the roster by the powers that be. With is credibility tainted, he won’t be on CNN everyday like he has been for the past 12 months. No more protections from the establishment. It’s a fairly noteworthy piece of information that lifts part of the veil about politics undercurrents. It’s not about porn, obviously.

Do you think that the stock market goes up and down only because of quarterly financial reporting? At a minimum, crypto is derisking in relation to the broader stock market and the stock market is derisking in relation to a whole world of things, politics included. I’m not sure if you’ve noticed, but the entire world order has been under demolition and reconstruction since Trump was elected. These types of things effect markets, particularly if there are politics related to monetary policy. We don’t know what is going on behind the scenes with the FED or the Treasury, but if you listen to hours long congressional hearings and the like, you’d be hard pressed to argue that there is no effect on the price of crypto. These people are involved whether we see it on the surface or not. Crypto is a huge threat and delaying and minimizing the public acknowledgement of it as long as possible helps their ability to transition on the back end.

EDIT: The list wasn’t about any one item in particular. It was about a day’s worth of happenings that are fairly earth-shattering when taken together and when taken with the appropriate understanding. I forgot to add to the list that the IMF chief also espoused crypto.

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Yes. A good AI trading bot considers all available data for market predictions. :upside_down_face:

So you think the stock market dipping and crypto dipping at the same time is because trading bots were programmed to sell both types of assets when one of them drops in price? I guess the stock market would have to be the trigger then. Do you think it automatically works the other way as well, that crypto will rise when stocks rise?

IMO if big investments are relying on AI to drive their trading bots, then all of the training data fed into a high performance AI for pattern recognition would generally include ALL market data (stocks, commodities, crypto, job numbers, GDP, social media, trade deficits, etc…). If the historical training data shows patterns across markets that a drop in stocks leads to a drop in crypto, then the hypothetical super trading bot would act on this. To some extent it becomes a self-fulling prophecy and reinforces the updated training data for the AI.

I’m not saying I know this to be the case, it’s just a conjecture. If you were really wealthy and had some money to throw at a big AI project that could serve as a crystal ball to predict the market a few hours or minutes in to the future, wouldn’t you?

That is also a simple (more likely) explanation :wink: . If someone starts to lose a lot of money in the stock market, but are up 300% in crypto, then IMO it seems likely that they will liquidate the crypto to take profits and/or cover losses.

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Volume has dropped a lot lately.

$22.87 K 24 hour volume on polo and barely a couple hundred thousand on hitbtc, which for all we know could be largely faked.

It’s as if the only people buying or selling maidsafecoin is the people on this forum.

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Probably not too far off from that assumption lol, until Maidsafe delivers from the outside it looks like a crypto project that has taken ages with no v1 product in sight yet. To be fair higher complexity = longer time to deliver :slight_smile: .

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Another thing to consider is that the BTC rsi appears to be at an all time low this week. There is a lot of FUD in the financial news scaring investors with a lot to lose.

November 15-16, MAID trading volume dropped by half and hasn’t recovered. Some trading bot went offline or just many people scared away by the bitcoin drop?

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There was a big player, that got in at the low and caused a lot of volume on polo with big buy orders. IMO that ended with the recent BTC dump.

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Another problem is that after billions of dollars invested in ICO’s there are little to no results from almost every crypto project. Even BTC and ETH are struggling to make an impact. MAID, on the other hand, is doing very well in terms of development, but still it too does not have a working network, and too few investors get what MAID is doing. Has the bubble popped? Not sure. Just hold your MAIDSAFECoin, and ride it out.

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This is my perception too. Many ‘soft exits’ on the go as well I think… Public blockchains are a resource intensive way of doing things, and one would do well to be very skeptical about many use cases that have been sold to the public. Good thing MAID isn’t a blockchain… one of the very few orthogonal ideas or ‘hedges’ in the space. And many of the use cases that do work, MAID will be able to do better. To quote the blog, ‘why store hashes of data when you can store the data itself?’. It may be a rocky road, but anyone who has held would be insane to bail before we see Alpha 3.

For those seeking more peace of mind, check the 1 month charts and the liquidity depth/volume. There was no real selling of MAID in this dump and nothing showed up on the sell side. A tiny volume to get back to knocking on 4000sats (perhaps the same buying program picking up where it left off). If anyone wants to get into MAID in a medium to big way, it won’t happen at this price without some angel OTC trade.

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What would you consider a “medium to big way” at this point in time just out of curiosity?

If one wanted say a million maid ($200k), you could do it right now with a split (between exchanges) market buy taking Maid to 4300. If you wanted a million dollar buy in for about a 1% stake (e.g. some small venture money), there isn’t enough on exchange (on offer… there is a ton in the wallets); you’d have to do it OTC or try and buy in over months and months. And if you waited and Alpha 3 came out, I think you’d be out of luck.

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Got ya. I was more interested to understand current liquidity of “being a lot” meaning a couple 100 thousand maid or million+. Thank you for the response.

I’d be interested to see a coin ranking in terms of 24hr volume as a percentage of market cap. Has anyone seen that?

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And rather XLM with 3m chart?

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Were you the one that just pumped 700k Maid on Polo?

Between the two exchanges, almost 100 BTC to spike it to 4300. 5 BTC to walk it back down and fill the gap. If they are doing it to pump it they picked a bad day and will have to do a lot more to get anything going. If it was a straight buy, then that was a nice pickup :slight_smile: Otherwise just a whale thrashing around in the kiddie pool.

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