BTC still £120 up on this time last week. It’s just a 90% correction from a mental week isn’t it?! It would not surprise me if BTC hit $3k in the next month or so.
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Auuuuuuuuuuuwch it’s a touch one today… I’m a holder so today I see pretty much go up in smoke
Ideal to make cash if you’re a trader and little foreseeing.
I knew it could happen but hoped it wouldn’t, … why pull the money, if everybody stays pushing there’s no crash 
yeah market forces I know…fuck them 
I’m no trader, I don’t like it and I’ll probably never like it. I’m just doing this because it needs to happen this way, so I’m a holder and strategic long player.
(Mentally spoken I even don’t feel it today so somewhere my expectation was big enough… 
)
Let’s sing a song… no no kidding
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I tend to agree. It just doesn’t feel like a crescendo for Bitcoin in this cycle yet. I think people are still waiting on the scaling issues being solved. Maybe this feed into alts and we will see a huge blow off in the various mediocre ones which have been pumped recently, but I don’t think that will greatly impact the wider picture.
Looking at the 30d and 3m charts for Bitcoin make it look like this correction has almost run its course already. For me, the 1y chart just doesn’t look ripe enough to burst yet.
I suspect we will see maidsafecoin moving back up the charts, relative to the other alts. I also suspect we will see Bitcoin bottom out this week. I am not sure penny of the trendy new alts will fare as well though.
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Trying to time a sell for just before a bubble pops is really tough. The spike is often so severe and the correction so swift that it isn’t easy to be too early or too late.
I am happy I sold my ripples last week. I also planned to cash in a few maids after I reached a target too. Sadly, he target came and went before I had chance, as this cycle spiked! Ha!
Long term, this is all just noise. It isn’t best not to worry about it, unless you are a frequent trader, IMO.
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Yeah, it all feels quite healthy for BTC. Still up like £600+ for the month after this much pull-back?! It all feels very bullish for the foreseeable future really. The next jump might be even bigger and more volatile.
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Yeah I trippled on reddcoin an bought others with it so I’m happy 
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This is what she looked like when I told her last week BTC prices.
I wonder what she looks like today, can’t see her anywhere…
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The profits lost in hindsight due to missed trades are a burden I’ll bare over screwing up a trade and losing my stash any day of the week.
So the excitement has returned… just in the other direction… haha, similar to the excitement of an hangover.
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30B marketcap on 2days how much would this be effective on a high volume market?
So actually the money reflected into this nr. 30B can never be bigger then the 48h volume of those 2 days, even less because the 48h has also incoming money and coin2coin trades??
Just sharing as an FYI - https://twitter.com/arkblockchain/status/868403746170187776
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Good catch…,…
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Thanks! That’s a fascinating observation and perhaps makes sense given MaidSafe doesn’t use a blockchain. If the non-correlation continues and as more institutional money enters crypto, being uncorrelated to other coins from a risk perspective is also a huge asset. MAID would become a core holding in these kinds of portfolios.
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Very interesting! People complain about maidsafe not being involved in the wider cryptocurrency space, but it shows how differently the technology is perceived. Clearly, we aren’t just part of the BTC herd over here!
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Cryptos is certainly on a Mr.Bones Wild Ride.
Meanwhile, Ethereum is still dominating.
What am I looking at? what does these numbers represent?
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Relative correlation in price movements:
+ve same direction
-ve opposite directions
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So it’s implying that maidsafecoin is the most stable ICO currency?
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No, it’s just saying that MAID is not correlated with other cryptos (i.e., MAID’s price moves independent of the others). Stability is a function of volatility, and this is not what the analysis is showing.
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Not necessarily the most stable.
The light red coloring of Maid vs most other currencies means the price of Maid is mildly inversely correlated with those curencies, while most coins seem to have a positive correlation with the price of other coins, shown by the largely grey/black colours.
A portfolio containing various coins plus a good portion of maid would likely have been more stable during this period than a portfolio without Maid due to its negative correlation with many coins.
It’s interesting that Maid is the only coin with a positive correlation with Bitcoin over that period.
Would be great to see similar charts over longer or various periods to see how different the market for Maid really is.
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Yes, and that’s exactly what investors want: not correlated means more diversified. Bitcoin has almost zero correlation to other assets. That makes it highly desirable for investors who are looking to diversify risk. Institutional investors want assets with high Sharpe ratios and low correlations. The fact that MaidSafe coin is uncorrelated to bitcoin (or other crypto currencies) adds to the level of diversity they get by investing in crypto.
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Wow guys, I leave you alone just one day, as I spend shabbat away from computers, and look at the mess you have done with the prices !
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