yea i understand …
looks like my trading rhythm is off right kilter right now. i didn’t anticipate this little BTC run and how much it would affect alt’s.
yea i understand …
looks like my trading rhythm is off right kilter right now. i didn’t anticipate this little BTC run and how much it would affect alt’s.
Looks like we didn’t break to the upside, but instead to the down side. We are now testing the 15k support again. A combination of cyclical behavior and slower than hoped progress probably contributed.
If 15k holds, then we should be looking to see whether 20k can be breached this cycle. If this peak equals or exceeds 20k, then the medium term reversal will be confirmed. This could also coincide with the MVP release in a few weeks, which would give it added momentum.
The fiat value of MAID is just yoyo’ing down in the 6.8c to 8c range as people over-sell in their desperation to get their hands on BTC (prematurely imo).
People chase each other down the order book selling during the btc pumps, then it arbs back to a fiat price of >7c when btc looks more stable or retraces and as people notice it has become oversold and too cheap.
I think a lot of that money will return very quickly when the fomo switches from BTC to maid in the very near future.
Stay strong folks imo. This BTC pump is good news… when maid reaches ATH again soon the BTCs will be worth a lot more too. The compound win train is coming this summer… to a trading platform near you
/optimist
Unlike during the previous halving, anticipation is indeed strong.
Anticipation is strong in these forums - but the rest of the traders aren’t anticipating anything otherwise we wouldnt be constantly going down. These weekly updates seem to shift the goalposts and just fuel the fud too, If something aint 100% nailed on it needs to stop being mentioned or implied.
It was pretty bad just before the update but it dived immediately after. Could just as easily have been coincidence. The rats are jumping ship and the stupid thing is that there’s nothing wrong with the ship Someone sneezed and they all ran to mama Bitcoin. Traders will trade as they like to say. Live to fight another day.
Need very positive updates now. A regular 15 min podcast from Fergish featuring David Irvine to encourage the troops? The sun will come out tomorrow etc etc.
I wouldn’t worry too much. Most traders have no clue what they are doing. I posted before about discernment.
Some people “get it”. Others are traders who sell.
I love how Safecoin is going to be released around the same time frame that the Bitcoin block reward will halve, but no one is buying it. Makes perfect sense to me!
dev is taking too long… investor loose faith
Investor is a greedy animal with no year-long experience nor realization that this project is incredibly worth it. But sure. (I know. I’ve been there.)
Safecoin is not going to be released within two months. If we’re lucky there will me an MVP that some people will find useful.
I think many of the true believers - the good guys - but perhaps not experienced traders went long based on the information expressed on this forums and got burned -caused the crash (margin calls and forced liquidations) . It really seemed reasonable to go long. It’s really sad.
Yes it’s easy to forget that if these traders had been around in biblical times they would have praised God and shorted Jesus. I forgot again and went long.
A lot will depend now on what comments are made. I hope we can all focus on and build on the positives.
The rise in BTC has been playing a big part in the dropping price. The traders are not in it for the SAFE network but just another crypto that can make them a profit. They try to buy before others do and sell to them. If release is not soon enough they get out and put their trades elsewhere.
For some they buy a day or few before an expected (partial) release, which we saw when the first test release came out, the price jumped to 24K and since then the “bag holders” have been getting out when they decide its no longer worth it. They buy to sell to the late comers.
Just means that its a good time to add to your holdings
It’s a bloody frustrating time to add to holdings when “all you can afford to lose” is already in the bag!
When I wrote that post, that exact thought was going through my mind too.
EDIT: and as I wrote this someone put 40BTC into buying MAID
How bout I just stop coming here and checking everything, until Summer when people stop betting on the wrong horse (i.e. everything except Maidsafe)? …I won’t do that, but I may as well should. As far as adding to holdings, I already added $3000 at 3000satoshi, so I must say I’m quite set for now. Way more focused on spending dollars on readily available local/online products; I feel like adding anymore to my bag is too greedy; doesn’t really affect much when things go up to $1 billion market cap in a matter of months. Of course MAID is going back up and SAFE will be an insanely great price eventually. Just think it hurts things overall/objectively/historically/socially when people don’t realize that day-trading is the worst form of greed, which they quickly realize when they keep doing it and lose a lot of money (or rather, don’t gain as much as they want to! important distinction), until a real coin comes along and then they decide to hold it forever and forever have a moral blockade against involving themselves in trading it away ever again.
Just me trying to help:)
Investors dont have their coins listed for sale on exchanges and are certainly not losing faith…our faith is being rewarded piece by piece. Investors will likely gobble up some more of that cheap MAID thank you very much.
good thing i didnt listen to u and cut my losses… now i will be able to rebuy 2x or 3x
gotta love how people talk shit on forum.
yes, i remember november and we aren’t at 0.00003 yet buddy