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

It is like:

Price high - Oh so bad, that I did not buy before
Price low - I will wait if it can go lower

On Polo
With 10 BTC you can buy about 470k MAID and drive price to 2700sat
Or to get 10 BTC you have to sell 1 000 000 and drive price to 197 sat.

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Not many holders bailing now I’d imagine but the lack of buy interest is a bit baffling. Light in the tunnel and possibly an actual breakthrough in crypto. $950 buys you one millionth of the fully diluted network, the SAFE equivalent of 21BTC

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I think right now the biggest force on the price is the fact margins have to close. I think there are more longs then shorts. Until they capitulate or polo says ok you had enough time to figure it out and force closes them that is gonna be the main engine of the price. I am looking at it like a great buy op because its strong but definitely only temporary. I am eating these dips now figuring when they are over we will be pricing in a lot of dev that happened in that time.

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Well it only forced us to account for the longs and not keep on building up a higher yet more unstable price. I think this is actually a good thing because now growth will be based on people could actually buy that much and not be so unstable because they can always just HODL though dips without fear of liquidation.

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exactly my thoughts. Without margins we will be more accurate at finding the real current value. Margin trading is like I am gonna try to find the future value and prebuy/sell more then I really have hoping that happens so I can pick up the extra ā€œfakeā€ volume there. This is like sorry but we are closing the casino and now you have to invest instead of gamble. I think what happened is people got overly optimistic and started opening longs, sure that the extra volume would get covered not far down the road. All that’s happening now is the lender is like ā€œwhere’s my BTC punk?ā€ It would have happened eventually and been even worse if we let that optimism maximally tap people on longs.

Plus there is manipulation. No need to explain why that’s bad I don’t think.

On the other hand the light has always been there. Maybe we, the folks in this forum, have already bought what we can afford, and the news are just not enough yet to reach wider audience. And while this scope of development seems very good to me, I’m a bit scared that widening the goals of Fleming pushes it further to the future. So, there is light at the end of the tunnel, but the tunnel doesn’t end until it ends.

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ya it seems like there are a lot of ā€œall inā€ types here. Like does anyone else hold back BTC to buy if it goes down like I do? I don’t think there are that many based on the market depth. That’s why if there is a surplus of longs I don’t think we hit the bottom yet. Like there is nothing at all to catch more then 11 BTC surplus.

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I have some BTC and few other cryptos, but I don’t have any plans to buy more MAID. Why? A few reasons:

  • Maybe the SAFENetwork fails
  • Maybe some other project starts to shine
  • I am all in in cryptos (mostly MAID). If I trade them it is taxable event in our country, and I cannot afford to pay the taxes without selling cryptos for €, and I don’t want to do that.
  • Maybe SAFENetwork works technically, but someone makes a fork and manages to sell their fork to the (stupid) crowds better than Maidsafe.
  • On the other hand, if SAFENetwork really takes off, my current holdings should be enough for me. I don’t know if you can have ā€œenoughā€ money, but I hope I can.

MAID is my biggest holding. Used to be 50% right after PARSEC news in May 2018, now it is 34% and still the largest, but not with so great margin anymore. I feel strongly that now would be right time to buy some more, but what if it fails, and I am left with less valuable coin and taxes to pay from the price appreciation of the BTC that I would use to buy MAID?

I am very bullish on MAID, but the risks, the risks…

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Not all in, but my comfortable holding limit goes up with tangible progress and I work my way up to my new limit… I bought some monthly for the second half of 2018, and just bought more for the first time this year… may redirect my monthly buy to SAFE for a bit.

No real trades or timing, Just one sell when it was high to get a negative cost basis on the whole stack. Other than the monthly, I do have stink bids in some places where I think there may be a fat finger some day… haven’t been lucky yet though :slight_smile:

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ya that’s a good way to do it. I guess I kinda do the same increasing the max size of my bag as progress is made. I almost never fill it right to the limit though. I actually TRY to throw out some buy orders I think might never fill just in case my estimates are off. At least in the next little while there is a good chance of those stink bids filling if there is a squeeze on longs trying to close before polo force closes them IMO.

Many people forget that it is still very early in the crypto world… so there will be much more time to make money from new projects.

But there is nothing like SAFE out there. If you miss now SAFE you miss it forever…

My strategy is to buy altcoins which are at a lower marketcap than MAID and when their price rises more against MAID I swing them for MAID…

After the last swing (today) my portfolio is 80% MAID. I have 3.5 times more MAID compared to the beginning of 2018 and I am very pleased :slight_smile:

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I agree on the token to token swap, but on capital gains tax in general I feel different. I have been so much on the receiving end of Finnish welfare state, that I actually feel really good about paying that roughly 30% capital gains tax. Well, of course it stings a bit at the moment of doing it, but it gives me great feeling of contributing.

What is really a mental hell, is to have all your wealth in crypto. Incredible amount of compulsive thinking about money and stress stemming from there. Should have sold more on the way up. I was wise in the beginning to ā€œbuy only what I can afford to loseā€ back in 2013, but that tiny bit of money has grown up to be this beast in the corner of my consciousness. Yes, I have gotten lucky, but not lucky enough. It’s like getting 6 out of 7 in a lottery, and that final number is to be cast sometime in the future. Until then, the ground feels very shakey.

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What makes me wonder is that there is no real price movement although there are such big news… Is it because this tech is not proved right now? When I remember about other coins with such news there was a hugh price increase.

I think it’s a case of speculation and manipulation outweighing tech-related perceptions of value. It seems to be the same story with most of the coins outside of the top 10. There’s little correllation between announcements and price. I’ve lost count of the number of times I’ve read about some new partership or some supposedly world-changing development by a project, only to check the price of the coin to find it’s dropped.

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Chainlink had a decent pump off the google news though

Oh yeah, it can certainly happen, but it seems to be the exception rather than the rule. Also Google is a pretty big deal - about as big as they come in fact.

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But then again, without the government’s involvement you could have received whatever services you received for a fraction of what was paid for them by the Finnish welfare state (and therefore ultimately you).

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Us being the Google killer: conversely—the price will rise then, as well. (At release time, anyway.)

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Ok, I admit I was little bit picking a fight there. I disagree with you, but let’s not hijack this thread for this debate. :wink:

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I like constructive fights! I sort of agree with @Astroman, but I’m guessing @Toivo has some points too. E.g. if Toivo was born with nothing at all, him getting an education paid by taxing those with money would still benefit society as a whole. Maybe somebody can move this discussion to another thread.

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