In order to loan you have to leave your money on the exchange. As we all know that isn’t really safe. A lot of people have lost a lot of money by not taking advantage of one of the biggest USPs of crypto, no counterparty risk.
I think Bob is right, given 15% of your loan rewards also get taxed by polo I would not consider lending for under 0.1% personally, and even then I would never lend more than 25% or so just in case.
Each to their own though. I’m pretty security conscious. I got myself a trezor as soon as they came out.
I think he was suggesting market manipulation. Putting a lot out on loan to make shorting cheap after having already pushed the market down. The incentive not being the 0.1btc interest each day, but rather to hold down prices and slowly grow the number of short positions with a small bump (at some point), so you can squeeze them all suddenly when there is enough volume to make it worth your while - which if you have 6M+ could be very profitable.
Who knows what’s going on out there really?! The more time I spend in this space the more sure I become that playing the macro/long game is the way forward. My moves in the micro go wrong as often as they go right.
A lot of people see that MaidSafe’s vision has loads of potential, and if it can work, it could be a game changer. However, nobody is certain that the Safe network will be possible in the envisaged form, so anything that removes technical risk could have a big impact on price, as the likelihood that the Safe network will be a game changer increases.
Alpha demonstrated most of the required tech working in a controlled environment, which reduces the risk. The next Alpha should demonstrate more refined tech working in a less controlled environment, plus with more eyes looking at it.
If that’s a success, the chances of the Safe network being realised increase, which should positively affect the price. Following this successful test net, I’m also hoping confidence begins to rise, which should reflect in the price.
However, there were other pumps pre-alpha that seemed to have nothing to do with specific events, so we’ll just have to wait and see how it pans out.
As people see the potential (as @DavidMc0 says) they buy up MAID to hold and this creates much greater upward pressure. Less buy to sell quantity compared to buy to hold
I guess I was just realizing that it’s all still part of the BTC world these days, and the vast majority of the MAID rise could arguably be seen as a reflection of the very similar BTC rise. MAID right now is just a type of BTC at the end of the day anyway
IDK, just thoughts. IDK why I’m even bringing this up.
Actually i think at this time btc can outperform Maid. Maid need more time and will eventually be a better investment if you hold them till everything is ready if you ask me, but why dont split for now and have the oppertunity to buy lower if it gets there.
Im aiming for the support line 8.5k sat, but i already own some Maidsafe so its fine if it doesnt reach it.
20bn looks huge but actually for something this big it really isnt, specialy with most of the coins beeing locked up (some even lost) as a hedge against fiat. Mainstream adoption or the etf can make the price soar. The forex market trades like 6 trillion a day.
Anyway i think Maid is a better investment if you just keep them, but if you also trade i think btc is going to do better short term (just watch the etf carefully)
Yes unfortunately as interesting as the conversation is, it really isn’t MAIDSAFECOIN price & trading. It does affect it but it could fill reams in this topic. So please continue it in the topic provided for it.
You can mention the effects on MAID and link to the other topic for further reading if the viewer wishes.
The Securities and Exchange Commission has denied the application for the Winklevoss Bitcoin Trust ETF, in a stunning defeat for its founders, the Winklevoss Twins. In an order today, the commission found that the proposed fund was too susceptible to fraud, due to the unregulated nature of Bitcoin. The result is a major setback for the fund, and a frustrating false start for the crypto-currency at large.
I’m not following this that much, but when I saw a photo of the proposers of the ETF, I did immediately think about the twins in the ‘facebook’ movie (The Social Network). And indeed they are the same.
If history repeats itself, someone else will steal the idea of a BTC ETF, will succeed and an entertaining Oscar winning movie will be made of the events
The funny thing is most in the US have no savings to invest other than retirement funds so you won’t see much investment from the US until it clears this hurdle I’m afraid.
