This is the top notice right now…
We will be removing the following trading pairs on August 16, 2019, due to low volume. Each independent asset will continue to be tradable:
LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH, QTUM/ETH, STEEM/ETH, OMG/ETH, LOOM/ETH, SNT/ETH, CVC/ETH, KNC/ETH, GAS/ETH, BNT/ETH, LOOM/USDT, SNT/USDT, KNC/USDT, BNT/USDT, FOAM/USDC
Posted by The Poloniex Team at 2019-08-15 18:00:04
I was thinking about this margin trade thing.
If the volumes are so low that poloniex are removing MAID from margin trading… could the price really have been manipulated that much?
Does margin trading push the price up or down?
Either, as I understand it - it depends whether people were shorting (betting that the price would go lower) or going long (betting that the price would go higher).
There are two parties involved in each bet. The one that loses needs to make up the difference. That may mean buying or selling MAID to make the other party whole.
I’ve been knocking peoples heads together for months.
It must be working.
Someone else I know just bought MAID.
They are all HODLers.
Hope taking tokens permanently off the market helps.
That spike, must be the web3 summit people buying FOMO.
I think we are going to go a bit higher short term while they buy, and their network buy.
I think you have a vivid imagination, but who knows, you could be right! 
I don’t think this buy wall and poloniex trying to remove margin trading is a coincidence. It’s poloniex buying to use the the average buy price to close open short positions. As they have more open shorts than longs, which is probably why we have been in a downward trend for so long.
The order book is so thin that they can’t just force close. And how will that work? An average price would mean recently opened shorts will have be massively in loss and won’t be covered by margin. That’s only made worse if you execute first in first out. Last in first out would be totally unfair on people with profitable shorts open.
All I will say is remmber not your keys not your maid/btc. Poloniex are in trouble and I wouldbt keep anything on the exchange you are not actively trading / willing to risk.
Is this to assist people who have open short position or is it poloniex themselves who have shorted maidsafe?
Hey, let’s dry up the market further at this price point.
Lets all buy some more. 
Whats the strategy behind this?
Let’s assume there has been price manipulation using shorts, and that it is the reason
for the recent downtrend.
Lets take the last high. Approx 0.00025 BTC at current prices $2.50 EUR 2.23 per safecoin token.
Welp… I don’t see why the maidsafe coin should be under such a decline for so long under normal market conditions. Look at those candlestick daily high lows, the difference between open and close per candle has been getting smaller and smaller. Not that I know what that means… could it mean
the majority of owners are hodlers? Not taking part in the market?
I just fired the rest of my bitcoins on poloniex in to maidsafe.
You can short the market, but you can’t short the technology or hardwork of the maidsafe team.
Shorting this project was a mistake.
Yup… thin as rice paper.
Look at this, that was me. I moved the market with a tiny fraction of a bitcoin.
Anyone else smell blood?
Time for some legendary community action? As in the legendary tails of early bitcoin whale defeats?
Who is in? Let’ move this price up.
So 1000 individual buys of 100 Maid in a 5 minute interval should move the price shouldn’t it.
If the current margin book is 5 million maid long and 8 million maid short. Poloniex will attempt to buy the 3 million difference at market rate and close all the positions at that average price. The only fair way clear the margin books.
The problem with this approach is there is now a real demand and finding more and more sellers without moving the price upwards becomes increasingly difficult. They also need to make sure they don’t create an obvious looking uptrend. As that will cause more buying competition.
I’ve used all my dry powder to buy in, and moved the maid out of Poloniex. Let’s see if I’m right, once the upward price train starts running away from them and Poloniex starts to panic the real fireworks begin.
100,000 MAIDs
That would get us to a price of BTC .00001718
If only we could get 1000 individuals to put 1BTC in each. I’m sure they are out there waiting
for an outsider de-risking event.
Realistically I think once the dust settles and they clear their margin books we are looking at 8k-10k sats.
Just wanted to double check that.
$0.80 to $1.00 is a nice price. Would make all the recent people I got to buy very happy.
Damn. Wonder if I should I put more dry powder in.
Isn’t the traditional way to keep prices down to put up a massive sell wall?
They just don’t have the maidsafe coins.
And just no one wants to sell maidsafes cheaply.
They could put up a sell wall to manipulate the price, that’s true. However they need these coins themselves, and if enough people figure it out they could buy the wall and poloniex will be in a worse position.
Ok. Gotcha. Boom, over 100 impressions as soon as I tweeted the following.
I wonder how long “once the dust settles” will take.
The longer it takes them to remove margin positions, the more serious the situation. Nothing bad ever happens when everyone heads for the door at the same time right? Only this time poloniex is trying to manage the situation. In my opinion taming a market for a prolonged time isn’t realistic, it will blow up in their face.
