I’ve looked at the market recently and speculated that the bitcoin buyer is in damage control/ recovery of a short position… which suggests they have to push the price higher.
Looking at the buy wall from a pumpers point of view…
This buyer, or buyers, buying at a maximum price of 0.00002 are not going to sell the coins at a loss.
They would have bought a range of coins between 0.000015 and 0.00002, most perhaps up at the upper level looking at the usual distribution of coins for sale.
They will want to sell far above 0.00002
Do they really want to see the market fall below the price they bought millions of coins at?
No.
Either they are people, the early of many, that found this project and believe in it.
Or… they are pumpers… they have no interest in the price falling.
As long as there is a wall, you can pretty much guarantee they will want to push the price higher.
I shall be buying more coins next pay day.
Any which way I look at the current market, it looks like the bitcoin price of maid will be going higher.
Edit: Look at the rest of the alt coin market tonight. Free fall in btc price. $MAID is doing so well.
I’m looking to get more MAID. I’m waiting for BTC to come down to the 8500 to 7500 level. Hopefully the MAID hold at 2000 until then. I’m not sure how to approach picking up more. Maybe buy regular amounts into this BTC correction.
The buy wall is a worry for sure. What support is there without it? We were in the 80’s out of the top 100 coins before this guy showed up.
At the end of the day we are investing in a team that has proven its ability to manage resources over long period of time. They’ve consistently made ethical moves in the development of this project. Long term these factors will see a higher price for MAID. 99% of the projects don’t have this on their side.
Just consider how many projects are ranked above MAID that have no ability to really manage resources long term. Anyone who’s run a business for a few years knows how difficult it can be. Our team know how to do this well. Reminds me of the .Com days in the Bay Area. I was at those launch parties. I could see then folks seemed out of touch with reality when it came to longterm viability. When you listen to the crypto podcasts with all the great ideas it reminds me of 1998. Time will clear away the dross projects that sit above MAID.
Just for an experiment, I’m going to buy 100 coins a day for 2 months and see what happens. Probably not much but at least I will have added 6000 coins to my stash
Buy in small amounts and often. You are gambling by waiting to buy all and gambling if you buy all now.
Every scenario is gambling since it only takes one of the original holders of MAID to decide they need BTC and sell 1 million coins. OR someone decides from following Maidsafe’s GITHUB that the price is never going to be more than 10% lower and decides to buy 1 million coins.
Yep, and added to this is the fact that very few people will be wanting to sell when the network is nigh. As a hodler, it makes for … favorable dynamics
Could also be an exchange, or a market maker for an exchange, accumulating before integrating MAID. No proof for this, but it’s what’s happened to other coins I follow.
The point is it could be a nefarious whale, it could be some billionaire throwing pocket change at MAID because he likes the name, could be an exchange ramping up for a listing, could even be Chuck Norris disguised as Craig Wright (fact: no photos have been taken of the two together … ).
They’re definitely not pumpers, or if they are, they’re the worst pumpers in the world. I’ve been in this space for a number of years, and in all cases I can remember, when buy walls like this are put up, the price almost always clings to the wall until it’s gone. Which is maybe counterintuitive, but
If you want to pump, you have to make it look organic—carve a slow upward trend, absorb downfalls, scale up momentum, etc.
Ironically walls like this seem to inspire as much fear (“once the wall’s down we’re going to crash!” “we’re only at this level because of the whale!” etc) as they do excitement/greed.
Yep, though the other dimension of this is that DCAing or buying all later is a gamble that MaidSafe doesn’t release major news while you’re trying to accumulate.
FWIW in situations like this, I usually split the difference: Buy half immediately, and buy the other half over a specific period of time, as long as the price doesn’t rise above price=X, or major news is announced. Or you can split 30% / 70%, etc. Overlapping strategies is often the way to go IMHO.
Are traders who would moving around 500k-a couple million coins not have horrible tax consequences to deal with it is that just a US thing? I certainly understand trading to some extent but huge swings like that seem counter productive to an end goal or long term financial growth.
Look now at the selling order book. Maybe our whale is starting to sell now at 0.2001. I mean why should anyone want to place a sell order at 0.00002001btc price when onc can directly sell it to the whale at 0.00002000 btc?
dont forget that when the buy wall of 100btc appeared there was also another one… on 400 btc , it dissapeared quite fast but still. Might have been same person showing his ammo
I think there are two options, 1st. its a pump and dump planned. 2nd. Someone smart with alot of funds who cashed out long time ago is buying in back . Might be that the movements- 0.00014 then 0.000015 and lately 0.00002 are periodical movements as we move closer to next releases. So might be that this buy wall get eaten and then in a matter of days/ weeks he will start another run for coins buying up to for instance 0.00003 and setting a new wall even larger than before maybe even for 400 btc -which was active for a while back few weeks ago.
PS. wasnt Btc price pumped buy a single individual back in the early days? i heard this kind of stories, maybe we will have a similar case here.
Now i am fairly confident Whale will push the price higher later on. Its just my opinion but i think he now creates a little panic with eating his own wall to force people to sell to him.
Also the buy slope changed a little, so imho he put some more orders on the way down to 0.000015.
Sooner or later, some money bags will notice this project and see that SAFECoin is the next step in the evolution of crypto coins and networks.
We are moving away from Blockchain to Data Chains. DataChains will be the next startup buzzword. You name it, stick “Data chain” on the end of something and VCs will be falling over themselves to give you cash.
The money bags will want to position themselves.
It may already be happening.
I think we have all been very lucky to buy in cheaply.
I hope the current buyer is a country treasury.
Country that needs a little help to be lifted out of poverty.
).
