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

I think that from all buy walls this year only one holds the price. If you have +/-10% only 2,5Bitcoins (buy/sell orders) nothing really bad can happen. Any large holder with weak hands is not going to sell at -20% or more from current level without strategy to have profit on it like PnD which is risky and from longtherm view does not change much.

No worries.
I would say that MAID has the highest ratio of hardcore HODLers in crypto space, with their coins safely stored in cold wallets.
They also have very strong hands and know better than to sell to shallow list. Most of them is prepared only to buy more when the price drops.
Imho if someone tries to game the market by selling large, he will only loose his coins.
While the resolve of David and his team holds strong, there will always be enough investors to back the project (as shown during recent community loan).

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ya but things come up. Someone wrecks their care but has 20k in MAID they might be like well guess I need a car for the day to day and dump their MAID. Dev team deff will be putting about 90k of sell pressure on per month on average. I would say our weakness is buying at whatever price and HODL. Put some orders out you think might not clear but if they do would be a sweet discount. HODLing deff helps, but I think what we need most now is bids to maybe buy if needed cause a medium-large bag needs to exit.

And why you think, that the price would go even lower, when this sell pressure is more likely smaller today than in the past. There is always someone willing to buy if it is enough cheap for him. That is reason why we have price at $0,1-0,2 and not bellow $0,1. When people outside of this forum will be confident, that lunch is near, we will see price higher than anytime in the past.

There is no need to sell loaned Maid for many many months. The brains trust are smarter than that

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Maybe all the wash transactions on HitBTC will now disappear

Sure I agree with that… I mean even Fleming should be a huge confidence boost. I am talking the short to medium term though. If there was a sell of 3-5 BTC tonight that would hurt a lot cause there is really no safety net right now. Not saying it will happen for sure, but if we talking confidence I am more confident to go on the high wire when there is a strong safety net :stuck_out_tongue:

At least for now I am putting my buys into building that safety net. You can thank me later if there is a problem an it catches you :slight_smile: When I am feeling like that is secure I’ll climb up to a bit.

Is there a market where I can get odds on 3-5 BTC not being dumped in the next 24 hours. I’d like some of that

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Indeed! My Prediction is that they won’t sell loaned maid until Fleming is released, and they will actually make a profit to pay back the loan and come out on the positive side. They are really smart people. Cheers

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sorry for crushing the party but the loan is in MAID and must be return in SAFEcoin, not in fiat, so I don’t see how they will make a profit unless you claim that they will trade, something they never did…

No claims, just having a party :tada: go Maidsafe!

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Still saying this price is danger zone. We did make it though a couple small liquidations last night. Sell side is really piling up now though, and saying to me we have reached the local peek. I am locked in and ready to buy as people capitulate and accept a lower average. Only thing that will change it is if someone comes along and does a big market buy to beat down what has piled up in the sell book.

We’re also going to follow bitcoin down with the rest of the market. Imagine… Sub $0.10 prices.
Bargain purchase at next pay day.

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Does look dangerous.

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If I was John McAfee’s joy and pride, I would feel deeply melancholic.

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haha no that looks like a smart play. I’ll buy lots to if we see it get down there. That’s what I was saying people should be looking at a few days ago. Fill in the support for a ā€œrealā€ push instead of this aggressive drive buy right on the edge.

Do agree bitcoin dropping is somewhat the impetus, but I think this was coming eventually no matter what. We need to dig down and see where people will drop some real significant buy support that’s not like 1 sat lower then the sell side:P Then we might be looking at a true floor. It’s not a floor unless we have some orders under it that will never fill but support that level. Right now we have eager beavers trying to get their buys filled.

If Bitcoin goes to $4000, Maid will go to 4 cents. Why buy now?

Was MAID anywhere near 4 cents when bitcoin was between 4-5k earlier this year?

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No, I believe the lowest at that time was around $0.11, 0.12.

I was trying to say I don’t think Bitcoin will go to $4000 or if it does it won’t stay there for too long. The whales will gobble it up at that price