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!
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?
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.
you can now only place orders that reduce your leveraged positions on MAID so he has not been shorting even more as of late. Only way you could manipulate it like that is if you already had a huge bag and were selling it. Could an old HODLer like that be doing just that? Heck ya! Only a small percentage of the crowdsale MAID moves though the market so there are huge bags out there that could crush it at a moments notice.
So you kinda still can “short” it I guess. But you have to personally bring the liquidity to make it work. Much higher barrier now.
As for real (true to definition) shorts I just don’t think there are that many out there. This is a coin that is only getting better from more dev. Like BSV… there is a shortable coin for you. Shorting MAID just doesn’t make a lot of sense in fundamental analysis.
Hi Andy, i was not aware of the fact that you can only decrease on your leveraged position at Poloniex. If that is the case the latest price movement must have been a long squeeze indeed.
The question is, how many shorts are still looking to close their positions but see they can’t get it done without pushing the price up to levels where they would end up losing lots of money.
Short selling of course is not a very good idea right now, but some persons might have thought it was 1/2 a year ago, when they built up their short position.
Anyways in the end it is all a guess game, where we might guess right or wrong, but i am really hoping i am right
ya only polo knows how many margin positions are still open. There could be lots still or they could have mostly closed in the last few weeks since it was announced margin trading is closing at some point in the future. Polo has been noticeably quiet about an absolute closing date though. This leads me to believe there still are a lot of positions open and they want to give time so they can close gracefully and not go in default.
That’s probably it, that dip at the end of the chart is the extent of the reaction to margin trading being closed. The recovery from the dip looks strong (I base this on nothing technical).
David Irvine said a year or two ago (paraphrasing from admittedly so-so memory): In the near term the price is anyone’s guess, but over time, price tends to follow value.
So it’s a double-edged sword:
PRO: The ability to take advantage of the market’s extreme lack of efficiency. An investor’s goal is to buy low and sell high—that’s pretty much it. Because of the crypto market’s inefficiency, there are a lot of opportunities to buy low.
CON: Watching your token from a top project languish or fall in the markets while clowncoins soar can feel demoralizing.
As much as I’m susceptible to the Con (the past 1.5 years wasn’t exactly fun), I personally try to remind myself that focusing on the Pro is the best way to succeed as an investor. In fact it’s the only way.
It’s just that it’s anyone’s guess when price will begin to more accurately follow value. So sometimes you have to wade through deserts, and sometimes it’s a brief stroll. You can try to time it, but the problem with that just happened to me, actually: I was interested in investing in a token (QNT) but it had been falling for several months and so I decided to wait for it to plateau. Instead, it rebounded off its steady downward slope and shot up. I decided to wait for the pull back. It never happened. Long-story-short: I never ended up buying in, and the token is up 169.92% over the past month.
I invested in the maidsafe ico in 2014 and have been following it ever since. Bc of this I feel emotionally attached to this coin and have really high hopes for the tech. I think we all do bc otherwise we would have sold and not looked back a long time ago.
Even though good news came out recently and progress have been made if I look at the charts from a traders perspective Maid looks like a total shit coin. I trade a lot myself and if I was not familiar with the project that would be my immediate conclusion looking at the charts.
We have multiple weekly closes below the lows of 2015. That is really really bad. We are below all ema’s on the HTF with no local bottom confirmed. So people and bots look at this as a free fall and will wont go long or buy unless a bottom is confirmed. We have a change for some bullish divergence on the 3d if we can close above 0.0002110 also 2d 0.00002005 but will it be enough I wonder…
My point being as a trader I can completely understand that people avoid this coin like the plague… Not even talking about the low liquidity that an whole other very big big problem in itself.
as an investor it might seem hard to understand that such an promising project is struggling so hard. For myself the portion I still hold I will hold to the end since I do believe in the project and see the enormous need for it but with bitcoin dominance chart looking super bullish its a hard time for alts especially the ones that are making new lows like maid.
with all that negativity said Im still long on the tech haha been following it for 5 years already can wait a few more I really hope they succeed the world needs it
“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”
“The most common cause of low prices is pessimism—some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer.”
“Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
We’re on that right now Let’s all do this, let’s all get behind the cart and push like hell. It is right there now, we have the bits all we need do is order them, connect them and launch and doing so release little bits, like safe client libs with mock vault. Then with vault phase I (real), that can be a hosted server even, then we add parsec to vaults to confirm order of actions, then routing (pre node age and split) to create a single section (real) network, then node age etc. and the vaults are decentralised and guess what ? So there is a plan in play that takes us from here to launch visibly and measurably.
We will keep refining this plan and message as this is real progress with real deliverables and all the team in one single vision, interacting and working to a single minded course of action. It makes 40 people look like 400 when we do this. Together with the community then the whole picture is different. We are at the “hot gates” here folks, no more should we allow invasion of privacy and removal of freedom from the people. Folk will notice what we do in the next few weeks and this next release we are launching will hopefully present an option to the world, an option that has never existed, until now.
It is time for the warrior poets (a creative determined team) to shine and show the world, once again, we lead the way here, we may not be the ultimate solution in years to come, but right now we will free many people in this world. We started this, we are still “on point” and we have a duty to fullfil. The time for us to show ourselves is right now and from here to there we will release some great news or products each week until we get there. That is worth everything to the project.
“Folk will notice what we do in the next few weeks and this next release we are launching will hopefully present an option to the world, an option that has never existed, until now.”
I would like to take the opportunity to praise the recent changes with the clear goals and plan for the different parts, also that all rfc pieces was presented, all parts in play. I believe that it did not just only made it easier for the community to follow but also focus and streamline the work to get to the finish. Very good moves that presents opportunities for success.
Wait until you see some of the front end moves that are happening. @JimCollinson has done some amazing work alongside with @joshuef@bochaco@Krishna and the team. They are now able to see the big picture, realise all the APIs with data and safecoin etc. I think you will love what’s coming now we have the foundations that allow those guys to move. They are brilliant when they can move. This is all down to the whole team, I think they have been wonderful in the last few weeks. I see names in conversations that were quiet, I see people excited and motivated. It is all down to the plan allowing us all to realise just where we are and see the destination right in front of us.
Not saying it is all simple and rosy here, just that we can see each other, help each other and see the goal very clearly. It just makes it all work It needs every one of us to drive towards that single goal and project management just greases those wheels.
Let’s all do this, let’s all get behind the cart and push like hell. It is right there now, we have the bits all we need do is order them, connect them and launch and doing so release little bits, like safe client libs with mock vault. Then with vault phase I (real), that can be a hosted server even, then we add parsec to vaults to confirm order of actions, then routing (pre node age and split) to create a single section (real) network, then node age etc. and the vaults are decentralised and guess what ? 
