Probably to themselves???
2 Likes
3 Likes
can deposit or withdraw $USDC directly from >their bank account. Customers in 60+ countries >can now buy $BTC using their debit or credit >card:
Very happy to see this. Slightly easier for people to buy, or sell, direct from fiat.
1 Like
That price dropâŚ
What would have motivated the whale to do this?
Or is this a random dump?
1 Like
See. Told you.
Look, I have been reading all dev updates.
At least there is something satisfying to know itâs all unfolding now, and for the better or the worse we are coming to the end of the story in the next few months.
2 Likes
Wait what? I thought we were closing in on the beginning of the story! Your take sounds like a premonition 
1 Like
I think it might take more than few months to know the end.
1 Like
Someone must have had an insane long that they have been trying to stop getting liquidated on, as this pattern of selling into >100btc buy walls has happened about 5 or so times in the last month.
1 Like
That order has been there for a couple of weeks
The buy order was, but the sell order came from nowhere.
To be fair, MAID is still just one of the sea alts losing ground to BTC. The USD value has been hovering around 20c for a while.
What does seem strange is the market volume. Nothing much for days and then huge buys or dumps. As we only been seeing this since poloniex announced the lending changes, we have to assume they are related.
If you have enough money to move the market, you can push it into your hands. Squeeze the longs, then squeeze the shorts and repeat until you have shaken all the loans out of the tree. This would force liquidation at a low/high price, depending on direction.
It is impossible to trade this market right now, imo. Iâm not a regular trader either way, but these whales are disrupting price discovery and it looks like they will continue to do so until poloniex forces it to end.
4 Likes
Whoever picked up those MAID they got a bargain.
Werenât we supposed to have timescales by now/very soon? (I remember hearing that we were two months away from this and I canât find the source but I think that was about two months ago)
David stated at DigitalScotland 2019 on May 30th that we were about two months away from knowing when we might be in beta.
2 Likes
So in the next 20 days or so there will be an announcement of the date for beta which will be a huge thing, and may offset/reverse some of the negatives perception created from the recent staff departures, and weird market shocks that have (assumedly) come about from the removal of margin trading from poloniex.
2 Likes
That and we are extraordinarily close to Fleming, which I believe is really going to take a lot of people by surprise / massively de-risk the project.
6 Likes
Plus Fleming is now much more than a routing test. We are aiming for a full data/safecoin network with vaults from home. It is on the path to beta, so will not have 100% of the functionality, but should have close to 100% (mainly missing upgrades and possibly pruning of PARSEC etc.) of the initial features for beta.
42 Likes
They bought at 1600 BTC and its currently 1522 BTC. They are in loss at present
1 Like
We should look at what happens in the longer term - doubt the noise over a few hours is important.
1 Like