I am not sure 31 BTC is enough to hold this price. I mean it used to be 100 but got ate up at 1500 alot. On the other hand I am pretty sure he has more. Question is will he still support this price or back off a bit for next wall.
Personally I am taking some profits here and keeping that BTC ready to buy MAID if that wall doesn’t last. This could be a move I really regret later if this is just the first step to moon but I like to at least claim something when I am up.
lol the thanks I get for helping hold up the bottom. Anyways ya traders need to take profits when they are up like this and look for the next move. I mean I am not dumping my whole bag or anything but when I was buying at 1500 it was with the thought I can prolly make a fast profit off of this so buy more then I want for long term HODLing. TBH 25% actually far surpasses my expectations of how much fast profit I was gonna make
well we are all competing to grab that extra money on the top of the whale wave. That’s why my strategy is to sell some maybe a bit early just to make sure I don’t miss out. I don’t think he has to pump much more. If he can stabilize prices around here then he has a nice profit selling into it. Of course if he has the funds and thinks he can go higher and still be able to sell his bag back into a better average he will go for it. Right now it is sufficient for him to profit though so I’ll at least be taking some to.
I mean he can trickle sell into people that sit on top of his wall. Sure he can’t sell his whole bag overnight but if he can just hold a floor he eventually will in some amount of time.
What ever the reason, short squeeze, long term holder… It looks like an accumulation excersise.
I think they have a set threshold of Maids to buy, maybe for each increment of 0.00000500. The whale places a bottom, waits for the little fish to swim in his net… Once a threshold has been reached, he sucks up every little fish he can that’s on the market up to the next increment of 0.00000500
I think there will be another move up to BTC 0.00002500 once enough coins are on the market.
This is a massive accumulation move by someone. To either pay off a short, or cover another need.
They don’t want to make little transactions. They want to make large market purchases in one go.
I feel we are going to be jumping up in increments of 0.00000500 for a while.
The price will be climbing much higher and I say, let the whale pay for his coins, don’t give them away for free.
If a large whale makes lots off little transactions and shows large market activity, sellers will notice and price their coins higher. The above method suits the accumulator better.
Edit: He can’t drop his buy wall back to 0.00001500, he has used up the people willing sell between 0.00001500 and 0.00002000 and that zone won’t be recharged for a while.
Of course he does have the option to take away the wall and let current market forces take over, might drop a little. But! Its his problem, he NEEDS to accumulate.
Accumulator vs HODLer (with a spri klong of day traders on top)
Looks like someone added some more MAID to their stash. All a bit mad, really. Saying that, the fact it has been under 3k sats for so long is pretty boggling.
I’m thinking at least 8k sats seems reasonable and a spot in the top 30. So many me toos and semi working cruft up there that needs displacing. If Fleming is starting to look inevitable, the price should begin to reflect this.
one thing I am fairly confident will happen in the short term is that 31 wall will get eaten. So much coin is in a big fat profit now and its gonna eventually weigh down on that wall. The question is if he has more. I am thinking prolly yes otherwise it would be pretty dumb to attack so hard with his last little bit.
Does anyone have any idea at this point if there are wallets with truly large individual holdings/what would someone consider a reasonably large amount of MAID at this point considering price and time that has gone by?
They’ve been rumors of Bitmex trading against their clients and wrecking their margin traders, but Polo is pretty regulated now that Circle acquired them, aren’t they? You think that’s legal? Not sure, but seems unethical at least.
I think there is a chance MAID could break out of a large symmetrical triangle I see on larger timeframes around November and then we might really be poppin. Might line up with news too.
This is not financial advice I’m a complete novice.
No one is making any new maidsafe tokens are they?
The token isn’t mined, some are probably lost, and the supply is tight.
$MAID, and other tokens, will move in price in a different to mine-able coins.
Having a fixed supply, the upside movement is likely going to be fast.
I think with MAID, what goes down, must go up, and fast.
wish I could jump in on the optimism of the previous post but that wall we are depending on is getting chomp chomped. I am quite confident it will go down within a couple weeks. Only question is if/at what price the next one will pop up. I am pretty sure this guy has more ammo. Is this just a test pump and gonna settle back down again, will he try to support this average, or drive up again… only time will tell