MAID is going inside the abyss …
Just sayin 
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The Trollbox is coming back at Poloniex.
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market depth looking really good for a nice rebound back up today. Only question is how many more longs are lurking in the background still needing to close. Well maybe this situation will get the shorts to finally take their profits if they have been waiting to see how deep it goes. Anyways, I am still keeping my lowball orders open for now, but unlike yesterday where it felt like standing in front of a moving train, I am now less sure they will ever clear.
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This morning I’d written out a rather long post on what I think could be done to help remedy market performance moving forward, but given the recent news about departures from MaidSafe’s team, I’ll save those thoughts for a less gloomy day.
I’ll say this though: a colleague just stopped by to thank me for warning him not capitulate when BTC was at its recent bottom (~$3K) a few months ago. To me, the rules of investing are simple 1) do your own research 2) never invest more than you can afford to lose. Those two principles power the will necessary to avoid locking in losses (I.e. selling at the relative bottom). Trading, of course, is another beast with its own set of rules. It’s also a game I choose not to play.
However, when it comes to investing, the same principles articulated above hold true for MAID. If you did your research, if you believe in the project’s goals and the team’s ability to deliver those goals, sit tight. If you haven’t crossed the threshold of how much you’re comfortable losing, scoop up some more MAID at these discount prices.
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just thinking at least we prolly not in a situation to go to zero now 
we have a nice pile up at 240 and 550 sat. I would say those are basically bets on when polo force closes will there be more value in longs then the rest of the “normal” market can hold up. I am wondering how many have even realized they have to close them. You kinda have to dig into a blog post or hear it from the grapevine to find out. I think I will join those little pile ups with some BTC for like emergency response dpt if there are more longs then we are really anticipating right now.
I have no clue. I just HODL and hope for the best these days! 
I could not have predicted the last month in any way, shape or form.
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oh I have my HODL pile to. And considering when I trade I keep the profits in MAID and add it to that pile, I think its really gonna grow alot off some of these buys in the last schism of margin trading. Now if somone wants to sell me some MAID at the 240 or 550 level I think I might be looking at like 10X gains. Or in other words sell 10% and get my investment back and HODL 90% 
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If I was smart I would have sold at $0.23,
to rebuy now
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you can always sell some now and try to get under it. I really don’t know if we will go any lower though. At least today it looks like an equilibrium between buyers and what longs are left trying to close. Considering over time there will be less and less of those longs I would be careful selling anything now. Of course you can make that bet I was talking about that at the very end when polo is like ok liquidating all margins now there will still be lots left. I got some super-extra insane-lowball bids out just in case but not counting on it
Being a legit trader or pretending to be is very dangerous. I’ve been a buy and hold and occasional swing trader for 15 years and it’s just hard to be that great of trader especially with TA in crypto. I don’t know how taxes are treated around the world but in the US that also causes an issue in crypto. You can always take profits but one of these days, if successful you’re going to go to sleep with MAID trading at 50 cents and you’re going to wake up to it at $2 and then what even if you get a retrace. People talk a big game but most wealthy people buy and hold, they aren’t active traders. Traders make the market, holder make the wealth.
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True that, unless the traders pay for the privilege of being able to front run (Michael Lewis - Flash Boys).
Sure but HFT are the exception not the rule and while there are examples of hedge fund guys, family offices ect. who use frequent trading and have become massively wealthy from it, there are far more example of HNWI who have 10 M+ who have done it the old fashioned way. Point well taken though.
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for HFT to work there needs to be more liquidity or at least more trades happening I think. Like ya you can scalp a few 0.1% per hour, but not really enough to make it more efficient then finding a few bigger moves each day at a pace you can easily do by hand.
Anyways what I really came here to say is holy smokes we have 420 BTC on the buy side and those can’t even be longs any more. Granted its way down at super low prices. Still I am feeling more confident just knowing there is that much BTC “watching” the MAID market. Imagine they stepped up to the line a little bit. I think we could go back to 3k really fast regardless of if all the longs closed on him
Still I would be careful buying it up too much. Very good chance this is his play to pump it and close a long. Even if not him some of those longs that might not have capitulated 10% lower might start saying this sounds good get me outa here. Anyways smart people had orders open and bought the bottom. Just sayin trend chasing is usually a bad play.
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It’s about time us HODLers had some good (price) news!
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Could we have that in explain like I’m 5-ish terms.
The significance of the 420.(or is this a signal from Elon musk that he is in)
The long position, is that long on debt or long on maid(owning lots of maid) so why would a drop in price be a good thing.
With the margin trading closure, what type of movement could we expect to see?
Are there people who owe maid, and need to buy back? That’s a short squeeze isn’t it? Could we see short term price rocket?
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Well 420 can mean alot of things lol. What I was looking at is simply that it is an order of magnitude greater then the like 12 we had at one point for the whole buy book.
In the crypto world a long usually refers to owning lots of an altcoin and oweing BTC, and a short is the reverse. It’s really kinda arbitrary other then to say well BTC is most dominate so we will treat that like the “cash” and other coins as the “stocks” when we are talking about margin positions. A drop in price is not a good thing if you have a long, not sure how I implied that it was.
Depends on if there are more longs or more shorts. I think there are more longs, hence the cheap MAID we saw in the last little while. Still could be lots of shorts out that are seeing todays upward movement and panic closing to. It’s going to be volatile anyways until those positions wind down and there are less and eventually zero of them, then I would expect things to get more stable.
Hopefully in my case lol. Bought the bottom of that long squeeze. Now a short squeeze for a quick super high peek would please me greatly!
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What if there is no long squeeze going on at all? What if it is just a party that is heavily short and has been trying to manipulate the market for a long time, building up a large short position, and recently only extending it even more because he needs to create panic in order to be able to close his short position?
I think that is more logical, because i am not selling at these prices and i am sure hardly anyone is.
So when Poloniex stops the lending… will we see one of the biggest short squeezes ever?
The million dollar question. When will the lending stop
AI trading bots have no emotional attachment to the project, nor do they read weekly dev updates. If the charts stimulate the neural networks to sell based on past training, they will sell. Same for buys.