predicting BTC selloff today and that chart of btc/fait value will cross over again at the scale of this particular illustration. Not all the way back down though, so we will keep holding some fait value. That will get pushed up as people buy back their BTC and look for a good place to squirl it away until next pump.
Okay, so how would you act on that prediction?
I mean, talking about stuff is easy, but what are your orders on the book?
Quoting myself hereā¦
Maidsafe price is looking great!
It is probably mostly due to that mysterious BTC 20,000 buyer and the action in the bitcoin market thatās pushing us up.
We could come crashing down again, this is crypto, but its beginning to look like we had our price low at $0.11, and punching past $0.15 and the comming perfect storm of the Flemming release⦠FOMO should be setting in just about⦠Now!
How long before you miss out of maidsafe coins priced at $0.20 and under? A week or two I think.
I only wish⦠I went all in.
Iām glued to the charts this evening.
Damn.
And not failed at the FCAS ratings atm: 5,43 / 10.
That seemed to be seriously recalculated at 26 or 27 March.
This would be an ideal time to actually be close to a product that people could semi use but if this happens to be the very beginnings of a bull market again it feels like their is a good chance that MaidSafe misses the chance for a real pump because we still remain in the dark about a delivery timeline.
Bottoms in boys, time to ride , I just wish we had some really cool tech (Alpha 3) here soon to show the world at the same time as this new rise begins. MaidSafe grinding to make it happen I am sure as it would be really helpful to deliver on big releases during times when crypto picks up rather than during falls(if we are going for impact).
Quite some time ago the MaidSafe team decided to pre-sell some of their finial release dev cut to try to make ends meet so they could make it to final after the bnktothefuture thing didnāt bring in as much as was hopped for. Whatās going on with this? Did they sell what they were selling by now? Or is there like a trickle of new supply still coming onto the market from this?
Can I correct something before others blow it out of proportion and FYI
Not to my knowledge. They did sell some of the coins they held. There has not been any MAID created since the crowdsale and AFAIK no more can be created either. If they could and did create more then it would destroy any creditability of the basis for the crowdsale.
This is correct. The sale was completed and no more MAID can be created. The Omni protocol guaranteed this.
No, the intention was/is to not sell any coins for us unless we have to (and we do have to at times) as its in our interest to hold these as they increase in value and more so hopefully after launch.
There cannot be any new coins in our market, they were all created in the crowdsale and the market number of coins cannot change.
Looking at your chart, $0.14 $0.15 $0.16 also about to be out of reach.
It does look like there is a closing window on sub $0.20 prices also.
Re your price prediction for October, do you think the relationship with BTC will be broken or price will rise in tandem
It looks like we will see Maidsafecoin out of the top 100
Who in the community is going to sell at these prices?
Who is selling at the moment? Very nice of them.
So whoās keeping the coin at above $0.10?
Plot twist, @lubinew you are the whale at these prices.
Could you knock the price up to $0.20
If there is nothing much to buy or sell, I would say we are (and have been for a while) in a holding pattern. Evidence of progress (Flemming) with a good awareness campaign will likely turn that into a positive.
It is great to see many areas making progress in the weekly updates, but a working core network is completely key to any of it adding up to anything.
Iām not panicking about this, btw. Just pointing out the obvious. There just isnāt that much yo incite people into buying or selling at the moment. We are all just waiting to see what happens next. With Bitcoin finding some momentum, it is putting some pressure on btc/maid though.
On the bright side, it proves yet again that maid is relatively disconnected to the btc price compared to many of the top 100. This has pros and cons. I wouldnāt be surprised to see maid bounce up again when btc dips again.
We were down at 120 rank a year or so ago, then bounced up into top 50 again. As long as there is a good product coming down the pipes, a bounce is expected IMO.
Not so fast there. Thereās also almost nothing to sell into at these prices, so whales canāt sell either. This goes both ways. And youāre prediction of never breaking below 2800 satoshi again, that prediction failed in less than 2 days after you made it, in case you didnāt notice. Do you even remember what happened last time we were at these levels? Buy walls of 50-100 BTC appeared and were sold into. Thereās no reason that could not happen again. Those walls were not fake by the way. Someone actually dumped that much MAID, and quickly too. As if they had been waiting for that very opportunity to strike.
It wasnāt fake, and I can be sure because I know the buyer. In fact, he bought more than 3 million maid over the course of 5 days back then, the most someone dumped in one order was 1.85 million maid. It seemed as if they had been waiting for the opportunity to get out because soon after he placed the 70 BTC buy wall it was dumped into oblivion, by a total of 2 trades.
I think the price is mainly driven by speculation at this point, and there havenāt been any major developments to attract speculators.