Maid is one of the top ten biggest losers in all of Poloniex!
If other projects are able to provide better timelines it is just a reflection of them having much less innovation. That is not an advantage on the bleeding edge.
If it is quick and easy to make then chances are it wonāt have as much value and it will have much greater amount of competition from other projects trying the same thing.
Being in the top 10 or top 30 is just a reflection of being easier to understand for the masses.
I donāt mind that very few understand maidsafe. We donāt need them to. We donāt need any investors to ever buy into maidsafe. The coin can skyrocket in value without anyone needing to invest their money in it. That isnāt true of any other crypto that I know of.
All of your points and concerns are irrelevant in relation to fundamental value investments. The market does not need to understand the software before it is released, nor do they need a timeline, nor does risk increase in any way due to the absence of a date-stamped roadmap.
As I said, you are clearly a trader and NOT an investor. If you want dates itās because you are working out where to sell and move your money to the next train. So your priorities are very different to any investor, who is simply looking at technology value and risk/reward profiles over the long-term.
I absolutely agree that from what youāve said you should sell all of your MAID Bob. It does not fit your mission to simply hold a coin for 1-5 years. There is no post-launch roadmap/timeline either.
As I said before though, historically investors in crypto (and nascent tech in general) have shown much better returns than traders, so I guess weāll see what the right play was in a few years.
Maid is a lot of work to understand. Thankfully users wonāt need to do any of that work. Theyāll just need to āuseā it, not understand it or invest in it. The implications for it will become obvious to everyone post-launch.
We all knew this crash was coming didnāt we?! Maybe not quite this big and this soon, but what goes up⦠It doesnāt matter though, give it a few weeks and everything will be different again.
Iām not worried by these pan-crypto drops, just give it time. Speculative markets are crazy⦠just ride through the rough water out to the smooth-sailing that can only come from real world utility.
As usual, well said and calming wordsā¦!)) Thanks, Jabba
wow shit, you really have to stare for some longer time at the charts, brings some really weird feelings with it
I donāt think that this is so relevant today with the prevalence of internet connected devices. I was only holiday a few weeks ago but I still monitored the cryptosphere. Sad, but itās the way of the world now.
Yeah from what Iām gathering, the best guess is a combination of crazy ETH extreme hype bubble finally popping and people worried about Aug fork.
But someoneās still dumping Maid in a very ugly and crazy and self-destructive way, right?
Just imagine what it feels like to hold long margin position in times like thisā¦
I wonder how many forced liquidations took place today and wouldnāt that partially explain the slaughter.
Iām so glad I quit margin.
Here comes the recovery. I never worry about investments where I have faith in the fundamentals.
+1
Selling down to 10k is nuts. Someone must really want their money out.
Well, Maid is one of only 11 coins available on margin on polo, so you can expect it to be dumped more when the market is shifting. It doesnāt mean a lot of people are necessarily selling.
As Veli says, you also get a lot of abandoned long positions and liquidations as well as an influx of fresh shortersā¦
MaidSafe coin, and most cyptos, are controlled by a few pro traders with bigtine resources. The noobs make the price trend up, the pros bring it down. Maid could well hit sub 10k. Until there is a real reason to own it, mother market and her band of neophyte traders will dictate price.
Sadly, some think this MaidSafe coin price truly reflects MaidSafe and its development. It doesnāt, and wonāt for some time.
Keep buying and keep selling.
Iām getting a bit fed up of all the price volatility TBH. Think I might bow out of crypto for a year or two. Itās all too unpredictable. Its obvious that all these coins incl. BTC are owned and manipulated by a very small bunch. Which defeats the whole purpose of crypto! Sad isnāt it.
Chin up Lisa we all know the nature of this game⦠few sleeps from now we will be bouncing off the walls giddy at how wise our crypto investments are.
wash-rinse-repeat
If you are a long term investor (as in holding MAID to make a nice profit once it launches) then this volatility doesnāt affect you. Just store the coins in a safe place (paper wallet) and forget about them. If you sell them now thereās a chance you wonāt be able to buy back in at the same level. Of course thereās a chance you may buy in cheaper so itās up to you if you want to take a gamble.
Thereās a bright side to it - you can trade the volatility and make very, very significant gains. Just trade the very extreme ends, thatās all.
You can never expect this kind of returns in trading fiat currencies or gold for example.
Volatility is why I invested in crypto to begin with.
I do plan on long term investment, I already am I suppose since I bought my maid during the ico and havenāt sold. Just bought more instead. I do believe in this project, it just frustrates me when I see hundreds of thousands pumped and dumped repeatedly. Just have to keep in there I suppose.
Itās funny that of all the alts that I trade, MAID is the only one I havenāt yet touched since the presale. (we didnāt call them ICOs back then remember?)
I used to call it the paper wallet inertia (i.e. being too lazy to take it out of the safe), until I broke that rule with ETH, which I also bought at presale but dumped for ideological reasons.
Even bitcoin, which I use regularly in my daily life, is something I actively trade to take advantage of market fluctuations.
I am happy to see the market cooldown and looking forward to buying some cheap bitcoin and alts in the near future.
Donāt forget that Tezos (another one I bought into) havenāt even started liquidating their sizeable BTC and ETH funds. So I donāt expect the market to go anywhere but down in the forseeable future.
Get ready to pick up some cheap MAID folks!
Is Tezos visible?.. havenāt seen it on coinmarketcap⦠perhaps its not released a coin⦠Iāve paid no attention aside from news I couldnāt miss. Might they not have just liquidated to fiat at the first opportunity??.. Itās seems a lot of change triggered all at once, and at odds with the angst I would have thought 1st August was due⦠a fork still has prongs.
Donāt count on any BTC blowout for Tim Draper and team. But you can count on ETH bathing in some red for the foreseeable future.
Nope, the deposits in both BTC and ETH remain untouched to date. Those of us who deposited BTC can see they havenāt moved, and the ETH contract is well known.
Edit: and to answer the first part, the token wonāt be traded until they launch their blockchain. Theirs is not an ERC20 token, which is one of my requirements for getting involved.