If one has enough maid they can sell a heap and catch a lot of the stop orders and trigger forced sales for some of those margin trading. So they might sell 1/4 million but cause another 1/4 million to sell with/after theirs. And they put a buy order in so while it is dropping the other 1/4 million is selling into their lower priced 1/4 mil buy order. Net result is the price drops they still have their 1/4 million and some extra BTC. Now some do that with 100’s of BTC worth of MAID
Looks like we double bottomed yesterday around ~18700 satoshis and hopefully a little traction now going up again. After 29350 satoshis a while back, we’ve had enough correction imho lol
I wish I had waited another week to max out my BTCs on MAIDs
Now waiting for the other “correction”
Anyway, I’m not sure if this is the forum for this question, or should I just start an offtopic thread, but: what are you guys’s trading strategies, in broad terms? I’m only asking the ones who actually make money trading Mine goes like “try to buy before the price goes up, and sell before it drops” (when those happen is the big question, but that’s why my CPU is running 170 degrees right now.) Are there more sophisticated approaches?
@Tim87 if you wanted to flesh out some trading strategies over threads can definitely find discussion about it http://discuss.safex.io/ intentionally for threads regarding trading “Trading Discussion” category
I’ve tried several strategies over the years, and found out daytrading is not my thing. So now I buy and hold long term, buy more at dips and hold. Maid has always been my favourite project so a few weeks ago I’ve put all my Bitcoin in it, sold my Ethereum and went full in Maid.
Well I don’t have much to work with; unless I can do it extremely well, there’s not much point.
After spending 2ish months on Polo, I can see it’s a crazy place: not too big, so it moves a lot, and boy it moves fast. Also, there’s a lot of manipulation; one or more coins are always pumping, just to be dumped in a few hours. This may sound like a bad thing, but it introduces patterns that can be exploited, theoretically. So yea, I’m curious how others went about it
“Well, I’ve daytraded for over a year, with (ultimately) nothing but miserable failure/sameness. Hey look an extremely good product called MAID. price hike Hey look: I now have as much money as I did during my maximum would-be profit (DOGE) back at Christmas 2013—and it’s STAYING there, this time. This is something truly to believe in, whereas believing in DOGE—or any coin except for MAID, for that matter—was absolutely misplaced. Because nothing except for Bitcoin has been a good long-term investment yet… maybe ETH (for now). Hmmmmmm, I still don’t like not selling at the highest point. What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this? What can I do about this?”
At that point, I keep asking that question… yet continue doing nothing but holding.
Ive been succesfull this year trading (800% gains) - but i tend to do it over weeks/months rather than day to day. The best tip for polo imo is to keep the trollbox SHUT when your thinking about making a trade. No matter how much you think its hot air and all BS (and lets be honest 99% of whats said in there is utter crap) i feel it still effects you to some degree even when you think its not.
I never ever ever buy any coin ive not read up on regardless of its price action or whatever theyre shouting about in there (on the rare occasions i have the trollbox open). I also never buy any coin thats gone through the ccex - bittrex - poloniex scam train either unless its very mature. For a long long time i used to chase my tail and try get in on the action either too late and lose money, or far too early and get bored and sell before the action occured. If you dont believe in what your buying - dont buy it.
For me MAID is the best opportunity out there right now. That said i still feel like everything is on a knives edge with so many people waiting for a bitcoin boon, and if that does occur your gonna need a strong stomach, mind and wallet for it. Still, i think if MAID can keep plugging away and pushing something to users every few weeks or so i expect it to outpace all other alts…at least thats my hope
Seems to me the skillful traders on Polo are few in number and they depend largely on inexperienced “noobs” to profit. Trading seems to be about feeding off the work and risk taking of others. Breaking eggs for the omelette. Also, a considerable portion of success appears, despite the rhetoric, to come down to luck in the end. The Troll box is a hoot. In your face manipulation and greed. A true insight into our nature at it’s Wall Street worst. But there are good guys in there and occasional pearls dropped. I’d have to agree with cb007 that it’s not a place to go , at least not without the mental kevlar (and leave your wallet in another room). The sea sirens will lure you onto the rocks. I have somehow managed to survive a couple of years and come out better off than I started. Most of my “what I can afford to lose” has now ended up in Maidsafe because it’s a wonderful idea (safenet), I really have trust in these devs, and I have an idea that it could make me a bundle.
OK, I’ll give you a few numbers to work with. I’m in crypto for almost 4 years. The first year I have been daytrading Bitcoin: won almost 12.5 Bitcoins, lost almost 15 Bitcoins. Took a lot of time, and I found it a lot of fun to do, but not very profitable. So I decided to buy and hold long(er) term. Put 2 Bitcoins in Ethereum crowdfunding, sold for a little over 50 x more. So now we’re talking!
Meanwhile I already invested in Maid crowdfunding, and every now and then I buy a little more. Just to have a headstart at the Safe Network Go Live. 25% of the Ethereum profits have been reinvested in silver and 75% in Maid. And now waiting again… 1 year? 2 year? 5 year? I don’t know… And I don’t mind. I’ll let time do it’s work, and not my crappy daytrading skills.
Hello! I found this project and I find very interesting and potential, but I have a doubt. Where can I buy MAID? I’ve seen advertised in https://wallet.counterwallet.io but I have my doubts to buy there. thanks in advance!
MAID is a holding token that will be exchangable on a 1:1 ratio when the Safe network is operating & SafeCoin (the Safe network’s internal currency) is launched.
What are peoples thoughts for the next few weeks then? We’ve had quite a few big sells lately relative to buys and most other alts are also in the midst of a slump.
Will vaults in the next week or so help our slump or is the market mentallity too bearish to care? Will BTC rocket up or keep dragging its heals until segwit shows its ugly head? Gonna get interesting.
By the volume traded dropping over the last couple of weeks, I’d say the traders (whales) are bored with MAID at the moment and putting their “monies” into other flavours of the hour coins. Saw BCN & XDN do a huge hike a few days ago.
Yea, when news/rumours of an immenent release of the MVP occur then the price will hike as the whales “cash-up” to then sell to those who get excited when the MVP is released.
By the update don’t expect the actual MVP before next month. If it comes early then thats a bonus
What I got from the update is that MVP could come this month or even in the middle; though, I’m not sure where I got that read. Maybe it was a 6.5th sense, or an empathetic feeling of relief (from Maidsafe not having to worry for now about the uTP issue that was bugging them) transferring from the team and off onto me. This also signals a shuffle/shift of their productivity from uTP to instead finish up a bunch of simpler stuff—which will lead to the MVP being quite soon?
Either way, the real indicator for MVP is: Keep an eye out for the developers actually being really excited (somewhere down the line of this month), consistently for days. That usually indicates that something big is going to be downloadable, not some guesstimated promise. At that point… when they’re finally relieved from coding, is when you get to see their activity translated to forum activity, and hence excitement from everybody.
That is when the price “could”* uptrend—regardless, hopefully, of Bitcoin, since Safecoin is so uniquely different and far-encompassing. (Here’s me trying to be a weird super-realist in a sea of super-speculation, and hype, and FOMO.) *Of course, Safecoin won’t actually be out by then. But people tend to go crazy over Maidsafe’s major releases. So, …imagine what happens once Safecoin actually comes out.
Mine goes like “try to buy before the price goes up, and sell before it drops” (when those happen is the big question, but that’s why my CPU is running 170 degrees right now.) Are there more sophisticated approaches?
I have somehow managed to survive a couple of years and come out better off than I started. Most of my “what I can afford to lose” has now ended up in Maidsafe because it’s a wonderful idea (safenet), I really have trust in these devs, and I have an idea that it could make me a bundle. 