ok cool if you don’t see it as an accusation thats what matters even if this whole angry mob does lol.
yes this is the one thread that feels like crypto twitter with all the plots and intrigue. Most of the time we get along. Its just when money gets involved people fight
Not that chap, it was an accusation, but genereralised, not personal. It is something we do state frequently that we are not involved in (many in maidsafe do not have wallets of any crypto etc.). It is fair to ask I think, but anybody can lie, so it boils down to trust. That trust though is eroded with accusation or too much of it, if that makes sense? Even in our crowd sale there was no benefit of working in maidsafe, in fact some of us missed or nearly missed being able to participate at all as it went so fast and we were in the office. So we try to take care, but folk can only believe us or not, it is hard to prove a negative.
Anyway nobody I know took it personally if that was a worry.
well I trust you and the people I talk to on here but I haven’t met every member of your team. And I mean if its an accusation its with the caveat I don’t even think its necessarily wrong to buy your own crypto if you know things are going critical on the dev side.
Anyways I think this is more a question for the trex team now cause it was their news not yours that seemed to be prebought before the public knew what was up.
Is that reasonable? Still, much can be learn from the efforts of others… SafeCoin is a big part of the project, without it there will be no SAFE Network…
I personally have multiple portfolios by wallets and this gives me a good base of comparison:
It is personal to each staff member really, if they wish we would not stop them, but we don’t force it. [EDIT I do think knowledge of other projects is very important though]
I am kinda surprised there is not more of a trader culture there. I mean its the right demographic to find lotsa crypto people. It could be good bad or ugly but one positive thing would be like that feeling of if we drive hard and reach that milestone the market is gonna react. I mean even if I wasn’t daytrading I would for sure HODL a bag for any company I worked for cause I only work for ones I truly believe are delivering value. Never worked for a company that has an associated crypto. If I did I would prolly be like just pay me in this crypto then obviously I would have to trade some unless it can be used to pay every expense I had.
There are so many better more likely scenarios than unethical trading. Honing in on it being a large likelihood at that time that you did (before time showed that it definitely wasn’t the case), seems a bit crazy. It’s also a bit slanderous (given the legal weight), considering the technical unknowing/unknown aspect of it—in tandem that we all rather like to believe “innocent until proven guilty.” It wouldn’t be a daytrading analyst’s place to provide proof: thus the heavy ground one walks to casually mention.
Just my thoughts while skimming the aftermath of neo’s post.
I my opinion there is nothing good in short term trading. I truly wish those kind of practices should not exist at all, but I know this is impossible…
Careful what you wish for. A good market is dependent on liquidity and without short term trading, or speculation, there will be much less liqudity. Speculators who buy at low prices to sell at high prices ensures that the price will have a floor, and vice-versa: Speculators who sell at high prices prevents the price from going too high (bubble mode). The result is more stability which is good for everyone, and the good speculators (those who predict correctly) will in turn receive some profit for their service.
If anything we should wish for more speculation and more short term trading activity because this allows long term holders to enter or exist as well more easily. In this current market, it’s hard to switch large position in and out, it can take days, weeks or months of waiting, and/or huge price swings.
I might add, that when liquidity dries up the trading volume also dwindles towards zero. This then results in coins getting de-listed from exchanges. So you can also to a large extent thank the speculators/short term traders for keeping maid afloat while we’re waiting for project delivery.
that’s how I fell I am. one of these “good” price speuclatorsa. Yes I will play if its down buy at the rite pricre but also I I feel I only but when " its good for the hood"
Feels like an attempt to make us think twice before withdrawing.
At prices greater than $1.00 any purchases I make, I’d be very tempting just to let my coins accumulate on the exchange. … but why would they incentive us to keep coins on the exchange. Pay $80 to withdraw… man.
I’m happy to see the price rise, but would be happier with another dip… just… one… more… large cheap buying.
I feel that $10 is in the near future for this coin. How are they going to justify $800 withdrawal fee?
Is the int’l bittrex exchange open to all countries?
If so, I would consider trading sells on Poloniex and buys on Bittrex. But what is the withdrawal fee on Bittrex?
For my the withdrawal fee will be double, because I need to try it out first, before sending the bulk of it.
If you’re holding 50,000+ coins then some outrageous $500 or $800 fee is worth it if you want to trade out. Are people still not holding their coins in paper wallets? Why would you be leaving them on these exchanges?