MaidSafeCoin (MAID) - Price & Trading topic (Part 1)

Doesn’t it make more sense that the buy wall was put in place to support the market as margin trading closed? Otherwise price plummets further and long positions get destroyed, and polo gets further in trouble? Perhaps there is some data that shows history longs vs shorts? The whole margin issue for polo arose from excessive shorts and price crash after all… They were about 1800btc in the hole. The blame fell on CLAMs, so thankfully traders can still buy and sell MAID at spot… Polo needs to make some BTC fast so maybe they have a trading strategy to do so…

It makes less sense. A long term bear market with open long margin positions would have caused you to be margin called through losses. So building up a large margin position (long) would be incredibly expensive. If you look at CLAM the market conditions before the crash we’re very different.

Using the above logic you can see why a large short position is the likely state of the poloniex order book. The buy wall isn’t to support the market, it’s to try and exit from the shorts in an orderly fashion.

The reverse of CLAM would other wise happen instead so instead of 95% price drop you would have a 10000% price rise.

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You have a team that doesn’t/didn’t provide fluff and had no true product to showcase so it’s no mystery why price stayed relatively low. They never participated in the hype machine, had only a few options for exchanges. As they continue to prove this out it won’t be hard to find $5. It’s just a matter of time.

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Fleming… although an alpha… Will have.

Vaults from home
Test safe coin
Cli and other dev tools

Practically complete. Anyone testing the network or earning test SAFECoin will immediately understand they need to buy the token.

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It’s still not user friendly and it will depend on how the world understands what it can do. So far the majority think its another storage tool
Edit : It may help if the timeline to beta can be defined, more or less or people may think 2 plus years to Flemming, then Maxwell then Beta, I have plenty of time to buy

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Blockchain is still at its infancy, It will take a long haul until the infrastructure is laid. Meanwhile, people don’t understand Maid and its Safenetwork, so it gives those who believe in the project more time and cheap prices to accumulate more.

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Yes, for years I’ve read sooooo many times that the price would rise and nothing happen… More and more I feel like this Network will still be very good on a technical point of view but price will never rise in such a proportion that top crypto tokens already did.

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Yo meanwhile I think so too …

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The truth of the matter is those of us that believe the price will rise to high levels are working off of what we have seen happen with other projects without any true product. Saying that it won’t rise like that in price is even more speculative than thinking it will because I don’t think their is basis for a true working network that hasn’t seen a major price move.

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Etherium peaked at $1000 currently trading at least $150… A programmable coin but can be rolled back… :joy::joy::joy::joy:

SAFECoin is looking At LEAST $1.00 at launch, and 10 * launch price in a couple of months after launch.

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I think it is just a matter of time before the price booms if the network is delivered and works as projected, but, although we’re in a hype-driven speculative market, I believe that expecting little can never hurt, as it sets the mood for a pleasant surprise instead of a bitter disappointment.

If the price grows organically and through the actual use of the network, it will be a steady growth without crashes and hysteria. Fine with me. I’ll wait.

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Just placed an order.

If orders are filled in first come first served, i’ll be the first to sell 1MAID for 1BTC

:wink:

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:joy::joy::joy::+1:t2::+1:t2::+1:t2::+1:t2::+1:t2::+1:t2:
I will be right behind that one :grin:

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Agree completely.

The Market has shown itself to be completely disconnected from technical progress. I have a fairly strong hunch that isn’t changing anytime soon.

Folk shouldn’t get too hung up or upset about a likely general ‘couldn’t care less’ attitude from the wider Crypto Community towards Fleming and Maxwell for that matter.

I remember the early Ethereum releases were greeted with a general shrug of the shoulders from the market as were relatively speaking many of its early exchange listings. It wasn’t until the EEA came about that it really started to take off and front ran the alt coin explosion.

I guess as others have mentioned before perspective is best, once the release candidates are out there coupled with the world facing an even clearer ‘black mirror’ scenario, there will be an awakening amongst the Tech Community about what’s about to hit.

This will naturally result in a wider more piqued audience and make the network a super easy sell to developers.

Thing is your still looking at an unknown period until then, maybe a couple of years plus, so just keep doing what we’re all doing well; building quietly, spreading the word amongst our industry contacts, even right down to nurturing the seed of distrust many of our family and friends already have planted inside them through their growing awareness of the dangers of big data.

One thing we do see through history is there are moments in time where society as a larger group awaken and demand change.

There’s a fairly reasonable expectation this will come once the western world starts to become subject to citizen surveillance measures like we are seeing in Northern China at the moment.

People will demand a way out and be greeted with silence for the most part. Our part is to make sure we have a safe haven for humanity at that time. We can’t do that effectively by fluffing or pouting over not being patted on the back and given a large marketcap as we prepare.

Be THE answer at THE right time (that time is coming like a rocket there isn’t any real stopping it) and everyones concerns about price will be strapped onto a rocket headed off into a for now unthinkable galaxy of price discovery. For that to happen though the network needs to release and reach maturity.

There’s still a few up and downs to come over the next few years but just hang in there folks, we’ll all get there in the end :wink:

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I think the question on timing is everything. If we again follow a pattern of BTC halving and thus creates another alt coin (whichever remain) parabolic move we could potentially be just about 2 years away from that happening, perhaps slightly sooner. Will SAFE be in beta by then? Will it just be going into beta? If by chance that happens then we will have gotten lucky and then strap on whatever you got because mania mixed with a real world product could be insane.

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You might as well do 1 maid for 10 BTC, 100 BTC, and 1000 BTC while you’re at it. :grin:

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Buy wall just moved to 2000 Sats on POLO!

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Back up to $0.20! That’s a nice little jump!

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Maybe someone’s impressed with the slowly but surely inching releases happening right now. Real SAFE CLI/Mock Vault? It’s just the beginning, really, as far as the most ever-basic public testing goes.

Just gives me an excuse to express this, of course.
…(And to come to that conclusion myself, rather than dismissing the SAFE CLI interface as something small. Nay, it’s the first new “public” testing thing I’ve seen in awhile; even though I have no idea how to install it, since I’m not even so much as a “command-line person.” But then after this step, there will be real vault CLI? Not sure of the exact sequence. I’m not sure when it’ll stop being CLI [Command Line Interface] and start being executables, or whatever is in plan!)

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IMO, the real vault stage will convince a lot of non technical types. Bring it on

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