I strongly disagree with your use of the word āsemiā
A front end persona with the charm and intelligence that Amanda displays is a major factor in attracting interest.
For me, because I am an elderly and non-technically sophisticated investor, the long term excitement for our project only came after exposure to the vision and character of David, his team and the depth of understanding displayed by members of this community.
This confidence is not something that happens over night, but rather as understanding and appreciation for the depth and reality of the project grows. I am very happy with the relatively steady advance in the value of Maidsafecoins and feel that as the wider market comes to appreciate the full implications of the SAFE network, the value will be recognized and reflected in the price.
I would love to see Amanda interview David.
Bloominā heck, $1 MAIDs would not even get us in the top 10 now!!!
I tell you what, we may be feeling the frustration of watching many other crypto projects zoom ahead, but it is pretty exciting to watch our own targets shifting too. I donāt know about any of you guys, but Iām starting to think $10+ SAFEcoins are not at all out of the question around conversion time.
Yeah yesterday I was looking to host 5.5TB on sia till vaults are ready. Actually I wanted todo this already some longer time but forgot somehow ⦠Yesterday it was 4k collateral ā today to much
We miss some important exchanges imo, especially BTC38 for Asia could be greatā¦
Market cap for crypto could be a trillion dollar easily. Current Market cap of physical gold is 7.5 trillion.
Every dollar added to crypto right now is a dollar thatās difficult to get out back into fiat (compliance checks by banks, daily limit for trades on crypto exchangeā¦)
Altcoins used to be about pump and dump. It is mainly pump & pump now.
Money is flying from a bubble to another, and maidās turn will come.
Consider the bubble is driven by a penny rally. People like to buy for cheap. Ripple took off that much also for the reason it was trading for cents, and then headed into a resistance at about the same level as Maid against USD interestingly (thatās maybe the moment when it is not penny enough). Sia, Bytecoin, nem , stellar, dogecoin. People like to feel rich, so they go for the lowest trading coins.
besides @traktion and @piluso are right:
There is no volume because Maid holders are not in it for the spec. They donāt sell (look at the lending rate on Polo), so the coin gets disregarded volume wise compared to others. There will be a shortage of Maid when some positive news drive interest to this coin. What is infuriating is that most of the inflow in the space do not go to MAID right now, and it looks like itās easy for other currencies and painful for us.
We just missed the sweet spot of the penny bubble for not being penny enough in my opinion, and as I said earlier, because we do not defend the project enough on social media & forums.
But what is comforting me is that when you look at other valuations, and sudden explosions in mkt cap, you definitely understand nothing is impossible. Money come and go, but when it comes, gosh it is spectacular. When Maid will turn fashionable again it might just multiply by 10 to catch up, even without a news to back the move up. Herd instinct is powerful in this market.
tldr; every dollar added to crypto market, is a future dollar that will potentially fly to Maid later.
the frustration can be compared to bitcoin holders on r/btc. They donāt see bitcoin breaching all time high at 2000$. What they see is bitcoin dominance falling at all time low, below 50%. A matter of perspective.
I see plenty of reasons for this crypto explosion to keep on going too. I agree that trillion dollar market caps will probably come eventually.
Fiat is the hot potato. A lot of people settle some money back into fiat, then they realise that it is just going down in value in their bank account while their crypto goes up. I reckon that experience stops most of us cryptophiles wanting to cash in any more than we want to actually spend. As swissbanker says, every dollar coming in is likely to stay. I simply hold most of my wealth in crypto now, Iām not gambling and waiting for a moment to cash in, so I imagine many others feel the same.
I used to deal with banks on a case per case basis for opening private accounts for bitcoin bagholders.
It is very difficult to open an account because compliance officers go the extra mile to make everyoneās life difficult. You need to know the banks that are softer than others.Things are changing slowly. I must say that this rally and therefore the number of new millionaires everywhere on internet forums is unbelievable. I have a few potential new clients, and I am thinking of introducing them all to one single bank, who would accept them in bulk. Anyway, not very good to speak about that openly, but I can say I am glad I went to all these bitcoin meets up.
My advise is donāt try to open an account by asking the bank directly. Private banks call it a āwalk inā. They would reject you. Itās always better to be introduced.
Many donāt know in what they invest. Iāve been wondering who is investing this much in bytecoin out a nowhere. Donāt understand me wrong I think they where groundbreaking (build your own coin, nice wallet, great tech,ā¦) and did amazing things for crypto, but given circumstances (monero,⦠) and almost no updates for so long I donāt understand it.
Personally I donāt invest in it because I donāt like the fact they canāt guarantee once a flaw is found someone can create/inflate as much as he/she wants without being noticed.
And in the beginning I was not for the trusted setup but Iāve seen how they did it and I donāt mind anymore. I believe them, they destroyed the keys , even if one of them did his part it was enough, so thatās no reason.
Yep, but until or unless you need to make a specific purchase you store it in crypto no?
If I have Ā£5M in crypto and Iām withdrawing Ā£100k a year to live off then Iām unlikely to ever have much downward pressure on any market even though Iām a bit of a whale given the size of these little markets.
I reckon a lot of people are scared to take money out, the experience of withdrawing from crypto it is always the same⦠ādoh, itās gone up loads since I withdrew that bit, I wish Iād just held it all.ā
Indeed I do, but I am less and less enthusiastic about how I will actually spend it other than Alpha bay jokes aside itās not easy obviously unless I declare it come tax time⦠Letās face it who here wants to do that.