The price of SAFE will avalanche upwards. But it’s also good for whales to think that an avalanche of the price DOWN (because what do they know, besides ineffectual statements like “sell the news”?) will be what they want to do. Followed by an avalanche upwards by the entire world > (greater than) whales, so everyone has a chance to get lower coin offerings, which immediately climb upwards. But don’t mind me and my strange inaccurate(?) predictions.
My guess is because of all the uncertainty in the market around the bitcoin halving that many are pulling out of alts to the sideline in a wait and see mode. I also think that not many are pulling out of bitcoin because most are speculating an increases.
ScotCoin looks like a coin with very little difference in existing (and now really basic) technology, or at least I haven’t been able to find unique information about it differing from other coins’ tech, after digging around their website. It also correlates to the relative popularity that Scotland is getting because of Maidsafe; so it seems to want to get in on that action. “Country Coins” (with no real distinguishable traits or anything about it) were popular a year and a half ago or even 2 years ago now? Back then they saw really great increases, because they claimed they were going to be the official currency of the country. Now I don’t see why people will bother with them. It seems like an exceptionally basic idea with no real substance that I’m aware of, but if it lets people profit then that’s always nice, I guess. Just don’t lose profit by, say, going into it by selling MAID (why would you ever do this).
Yes of course!! @audity I agree with you; Speculations aside, the group of ScotCoin looks interesting. They seem to be interested in advocating crypto currency etc.
Rather than being an official country coin claiming to eliminate the cloth based currency of the nation.
I think that their promotion to the general population would lead to the network effect of the coin.
Sincerely,
I bought for 0.5 btc just to have.
I edited the thread I made to be accurate, not demanding people get ScotCoin but they do give them for free to Scotland Residents. Isn’t that unlike any other coins, or country coins @audity, lmk?
I know AuroraCoin (Iceland’s country coin back in the day) said they were going to give a set amount to each citizen or something. I’m not sure the other coins did that.
They did give them out free to Scottish residents at the beginning, and it was open to all Scots. Each person who signed up got around 2m Scotcoins, so they’re doing pretty well if they held out.
Unfortunately I didn’t think it was going anywhere, so sold all of mine a while back. Some of that contributed to buying Safex coins, which makes this pump a bit less painful
That was excatly my mentality when I bought a little while ago, around 450 satoshi; to support,. if it’s premined, then that means the funds go to the originators of that
I think it is neat, and if they’re spendable in Scotland, can use that instead of trying to get pounds somehow.
Looks like the reversal has taken place and 18k is the next resistance/support level. It may range between 18k and 20k for a while, if it manages to cross 18k again.
I would think that if the gods have mercy and the stars align and if everybody holds thumbs and crosses their fingers… and MVP is released in 3 days 18-20 will be smashed.
Well at least we got that part covered not too long ago about the time of Maidsafe’s 10 year aniversary.
Five planets, located closest to Earth, aligned in the sky. Mercury, Venus, Mars, Jupiter and Saturn all appeared in the predawn sky from Jan. 20 to Feb. 20, giving people around the world plenty of opportunities to view the rare astronomical alignment.
Not everyone made money and those who did “on paper” haven’t actually (tax-wise) if they haven’t cashed out.
Those who did cash out, they got the fiat to pay the tax.
After more than two months I took a look at coinmarketcap.com. The rates (prices) of tokens/coins are obscene. It’s totally ludicrous.
Noone seems to care that most coins/projects are completely worthless and if anything, the regulatory environment is getting worse.
It’s funny how so many “investors” think they can “beat the market” while the space for unobstructed use of most tokens is shrinking by the day (not for MAID, but the MAID situation is even more peculiar - the coin could never be used for anything, so its entire value proposition is based on the idea that it may be useful some day in the future).
Fortunately thanks to the nonsense around the Panama leak, this year governments will waste resources on harassing offshore banking centers, so this crypto-craze will continue unabated for another year or two.
Personally my crypto is now parked in BTC and I’m not counting for any appreciation. I just hope that this year some actually viable crypto-app will appear on the market so that I can spend the damn bitcoin and feel good about it.
(Yes, SAFE is supposed to be great, but it’s not out yet, so that doesn’t count just like Datt and other “promising” stuff doesn’t count).
Well, what I said is definitively a minority opinion, otherwise the “sentiment” that prevails wouldn’t be so bullish.
Maybe I’ve been too busy lately to be sufficiently exposed to the crypto-hype, but what worries me there’s no real killer app because almost everything that could potentially become a killer app is soon declared illegal or regulated to the point of uselessness.
For example the silly bitcoin transfer thing. If it was unregulated, I think it’d work really well. But they regulated it just enough so that it doesn’t represent a threat to any incumbent.
OpenBazaar was supposed to be… no, it may turn out to be the CoinDesk app/project of the year (voting is still going on). How many trades happen on the platform every day?
Or, related to SAFE, does anyone here expect actual use of Safecoins on SAFE in 2016 to eclipse the current turnover of Poloniex? Or noone gives a damn as long as they can make a dime flipping the coins on Polo?
What I’ll note is that a significant majority of MAID is not on the market. There’s 430 million MAID in existence (issued in the crowdsale). Only 7 million is being traded at any given time.
That’s a huuuge discrepancy, which is great for us, because it shows that there is belief in its future value (as opposed to 200 million MAID being dropped on the market when it was at $0.11, which would have made a hefty profit at the $0.02 crowdsale price).
As for whether or not Safecoin will have any use this year, of course it will! The first use will be file storage, which is available immediately at network launch (a very important point which shouldn’t be overlooked).
All the fun apps and marketplaces will take much longer to show up, probably early-mid 2017.
Are you going to hold your BTC through the June/July shitstorm that will be the bitcoin community?
@janitor you can not also underestimate that perhaps the status quo of production and involvement in bitcoin isn’t the best in the market therefore sluggish results.
Yes.
@powersign I think you’re right that by mid-2017, or 1 year after launch we’ll have activity on the marketplaces.
I’m trying to keep some BTC in reserve in the event that there is rallying in it to more easily fund the next year.
If you look at history the halving oriented price rise took place AFTER the halving occurred, and in my estimation that is due to fewer coins hitting the marketplace every block reward from miners. And THAT’s the triggering dynamic, and not from people anticipating the rise.
In other words the liquidity goes down so price goes up once the market feels the effects.
I was more concerned about the bitcoin protocol split (I’m not up to date on it), and how the market will respond to the turmoil days/hours/minutes before the halving occurs.
