Yes it was huge but Maid rode it down and got back up. Winner 
My conspiracy theory is that it was an ethereum operative killing the momentum lol
My theory, people recognize the mind boggling upside and are using all techniques to shake out weak hands to get cheap coins. ETH and MAID. 
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Thanks to that jerk I could buy a bunch of coins super cheap 
I had never thought those low bids would get satisfied anytime soon.
On another note, Poloniex is a toxic hell of a pit.
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it will keep going down for now. as i said the other day it should retest that number, possibly go a little lower for a bit.
and as you may be aware maidsafe the company is looking for an investment round.
if someone with 1.1% of the current supply won’t even slowly sell off, but just takes a chainsaw to 50% of the order book, why would a VC and institutional investor not demand that MaidSafe cut their valuation by 50%… theoretically this person lost over 300-400 btc by dumping like that…
the only winners here are some people that were short and got to cover at a super cheap price.
sounds like fud much ; -_-
Look at volume:
compare the top picture volume the grey bars that come up from the bottom black line…
here’s the whole picture:
Seems that if on ~no volume it goes to around the current support range, .00016
Your call of course;
I think most of the weaker hands already are shaken out at .00004, already 4x below for months and months 
of course the usual hayday when someone exits their trade, don’t you wish you held some buy orders in the ranges below; ?
I was in the market on Saturday into the evening. The amount of margin buying of Maid was spectacular. Loan rates went from .09% to 3.8% because all available “loanable” Maid was sucked dry.
I attribute much of this selloff to people covering their margins.
i have to disagree. until this weekend the amount of btc availble for loans was something like 200-300 btc this was the case for many months.
also if you scroll up you can see that someone deposited about 4,000,000 MAID and perhaps an hour or two later took out 1/2 the order book. if you look at the chart it’s very clear.
also loanable MAID is for short selling, not for margin buying.
so like i said whoever margin borrowed MAID and sold short at 22-25k made a nice wind fall.
So loanable BTC funds are for margin and loanable Maid funds are for shorting only?
sorry but the blockchain doesn’t lie.
there is a transfer into polo of 4MM MAID, and an hour or two later there is a dump that exceeds 5MM in the smallest time increment you can see it and it takes out 1/2 the order book.
i’m only pointing out fact here… i realize it is hard to be objective sometimes…
that is correct.
although technically when you are margin buying MAID with BTC, you are in effect shorting BTC…
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You know also, you can margin buy with maid;
and not all maidsafecoin deposits to the exchange are for selling
At 5k it was a great idea
Yet usually they are @prophetx so if you stayed out nice one 
I’m on the sidelines these days (hodlr) yet it is great fun to see how traders are doing
yes but you are buying/borrowing BTC from the loan tables to buy MAID, so your MAID is only collateral
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That’s kind of interesting. Thanks!
yes lucky i sold out from my trading account just an hour before as i thought it went too high too fast. but i did place bid around 21k, which i had to get out of because when something like that happens generally you get cheaper buying opportunities in the days to follow (as is the case now).
funny thing is actually had the omnichest.info site open (monitoring for large transfers) but i didnt see the 4mm transfer until after the dump as it was on the 2nd page. had i seen that i probably would have not only closed that position but also shorted a little for fun.
the cost of information… 
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@prophetx no idea what happens in short term, yet as they say screenshot or it didnt happen:
(closed most around 9k)
My feelings just have always been that there’s a fair price for MAID, and it was definitely not 5000 satoshis, sometimes in life you get lucky. And I’m glad you had a good feeling and saved yourself there
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for example someone just transfered 1.5MM MAID to polo 3.5 hours ago… that might explain the big dump on the 5min chart of 1.8MM
of course you can never be sure but the correlation is there now twice
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Yes it’s a rare occasion I think if someone is depositing maid to buy more maid 
that would be a very quick way to lose your stash.
for example if you have 1000 btc worth of MAID, and you buy another 1500 btc worth. if someone comes in and crashes the market 40%, you get liquidated