Dear MAID buy wall on Poloniex, could you move some of bricks to the other exchanges too? Thanks!
If wash trading, than he would pay $900 fee (or more).
I think he had a huge long and closed on himself. Thatâs what I would do in that situation. Itâs either cover it yourself and then you still have the same amount of coins just not leveraged⌠or dump it on the buy support we ânaturallyâ have and be stuck selling at insane low prices.
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A 97 BTC margin long in a market with a total of 19 btc buy orders? Are you serious? He would have been force liquidated long ago. As for wash trading, itâs against poloniex terms of use. So anybody doing that would put their account at risk, and would require minimum two accounts to pull it off, one with fake ID or help from a friend. Based on my previous experience with large buy orders, I find it pretty unlikely that this was a fake sale.
Most likely this was someone with 5 million maid (or more) whoâs fed up with the project and wanted to get the hell out. They saw a golden opportunity now and made a deposit to dump all at once (which explains the delay between wall appearing and the actual sale, as they had to wait for confirmations on the deposit).
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he would only be liquidated if he was like fully leveraged and the price went down. If he was just like 1.5X leveraged at 2200 (which might be possible because there was at one time like a 60 BTC wall there that got eaten) he would have been fine. I donât think the way polo does leverage considers total liquidity⌠just the absolute price. I am pretty sure thatâs why CLAMS market had defaults. People had a liquidation PRICE but when that hit there was not enough buy orders there or below to cover the bags.
If it is like you say, we are lucky, that new owner of 4.5M MAID is not fed up with this project at all and just do not want spent more to get that amount.
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Nope.
CLAM was a unique situation because someone was actually scheming to profit from a flaw in the system. What they did was place multiple huge buy walls and then moved them upwards on a daily basis to artificially inflate the price. These walls were put up by the manipulator to be able to margin it massively while being protected against forced liquidation. You canât just open positions without sufficient liquidity and neither can you keep them open. He was scheming and the whole thing collapsed as he pulled all his walls (600 BTC+ ?) at the same time. Clearly abusing the system in order to accomplish the margin scam.
If youâd like sources for this claim, see poloniex own website, let me quote it for you:
The real price at which a forced liquidation will occur cannot be predicted with complete accuracy, as it depends, among other things, on the size and number of your open positions and orders, the current value of your collateral, and current market and order book conditions. See Margin Account to learn more about what determines the timing of a forced liquidation.
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oh ok I guess you are right. In that case I agree it was not a long because that large of one was never supportable by the order book conditions.
I guess we all know very well that only a small fraction of the crowdsale MAID is actually traded on the market. Maybe you are right that this was just a big HOLDer leak.
It seems a bit odd to me. If someone wanted out, they could have been selling a little over a long time.
It almost seems like a pre-agreed sale, with the exchange just acting as the middle man. Maybe they didnât trust each other?
Either way, someone has bought a lot of MAID today.
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Oh wow the block sold. 1 million bucks is chump change, though. Holy shit Iâm actually jealous.
edit: Though Iâd feel greedy as hell holding all that when freedom for the world happens w/SAFE.
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Or is this the secret MaidSafe share buy back program? 
Even if we were like good friends I would want some kind of escrow for a big trade like that. Maybe the exchange was just the cheapest/most convenient way for everyone to feel protected.
I have hoped for a long time that we would see a shift of investors / traders in maid. It has been clear for a while that larger investors have lost faith and given up on maid. No interest to protect the bottom level. We need larger volume to be changed to new owners and let new investors drive the price/trading further. Maid Safe needs to solve their money problems and we need more stability and predictability in developing the network.
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Could it be that this buyer is poloniex itself?
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As long as you see gradual check-marks filled on the road map of this project (whose content hasnât ever yet been done) - or unless you see the devs declare utter failure - there isnât a money problem.
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why does polo need to buy coins off itâs own exchange? I mean sure if they want to leverage their profits into the trading game maybe. I really donât think they do that though. They prefer the zero risk profits of the rest of us playing that game in their house 
Maybe due to problems caused by margin traders? Or just a whale that got interested after hearing about the easy to manipulate illiquid maid marketâŚ
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ya maybe they didnât want to write about another default on their news page and look bad again so they were just like ok we will buy it all cause we know its a solid project and can wait a couple years for liquidity no prob.
The buy order was obviously an attempt at manipulation if it was just a random trader, but I think he got called on his bluff and someone was like ok here hold this hot potato.
I am wondering what this means for price now. I see some dumpage but he obviously canât turn around and get his million dollars back with this amount of liquidity. I am tempted to say this is a good thing and now he is in as a market maker at 2k. Would not be surprised if we see another attempt to defend a floor by him soon.
whales back. saw it happen live haha
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