@Tim87 I see the problem with this as how to have a “secure” cryptocurrency investment.
There are more and less risky investments (commodities v blue chip for example), but in the cryptocurrency area everything is too high risk to call “secure” - would you agree?
The problem this creates is that you can lose your entire investment, although you can reduce your overall risk by adoption more risky positions with just a small part of your total.
But really, you should consider your total investment risk (not just cryptocurrency) and regard all cryptocurrency as very high risk IMO.
IMO investment priority number one is to manage your risk by diversifying what and where you invest, by which I mean over everything cryptocurrency and none cryptocurrency. Some here say they have everything in cryptocurrency, but I think that is a very high risk approach. Martin Armstrong has some useful things to say about this, although he doesn’t see cryptocurrency as relevant at all - of course I disagree with him on that part . Evenso, I find him very useful to read when thinking about this, even though he’s generally concerned with far larger investments than I have to manage!
I see this being a good use-case for smart contacts / escrows.
The money raised goes into trusted escrow, and the crypto team has to meet deliverables to reach more of it along the way.
Also, both sides have to agree that the goal was properly met before the money is released at each step.
Is there anything like this? I can see very secure crypto projects / investments being built around this type of system. As long as you choose a trusted mediator for the job.
You do have a point, but there are interesting patterns. For example, you can see high-volume trades empty out the order book within a second to a price that is fairly distant from the prevailing average at the moment; now, the price usually bounces back to a degree right away (even if it would follow this large trade’s direction right after that), and there you have a nice little short-term profit that is much more secure than what you can usually find (here I have to assume that at least BTC or another cryptocurrency is a secure instrument to store your wealth haha.) Trade volumes follow a fat-tailed distribution, so while it’s impossible to predict such large trades, you can estimate what volume you can expect at what probability, and that is usually enough to set up your orders.
I’m loving this. Kind if pissed I bought a few days ago when I could have gotten so much more now. Still doing my best to back up the truck right now, but I’m running low on extra funds to throw at it right now.
I definitely agree with you. This current situation is different though…
I don’t trade, but I like to keep an eye on the price and this goes beyond pump and dumpers trying to make a buck.
There is a serious coordinated effort to suppress MAID safe pricing.
This goes way beyond just one guy who has a horde of coins. I’m hoping someone who watches the market like I do would confirm.
Whales hate phenomenal things; they only care about their own larded minds. At least they’ll eventually use their blubber to “help it back up” later—if you can call that helping, after they’ve already punished MAID for no good reason; after the greatest success thus far no less.
As far as sell the news, buy the rumor, goes… well, it’s a good thing that rumors can start at any time. And with MaidSafe, there’s nothing but troves of publicity/articles waiting under the hood to unleash soon enough.
I think/sense now, that it can only go up from here, with or without whales.
yes yes go on keep on insulting the people who try to help you. i got the same when i told people putting an illiquid asset against a perceptually liquid asset would result in a very disadvantageous sell wall/buy wall effect.
I’m actually hoping for stability around .10 cents. I think that yes it safecoin will garner a lot of attention if it shoots in the upwards of a bazillion dollars/pounds/euros.
But I think keeping the price stable for a while till the network takes off will keep folks vested. You know? Like someone new to MAID safe who can invest a dollar and see some decent coinage from it might take more of an interest than someone who can only afford 1 safecoin?
Like think about if you’re new to cryptocurrencies buying an entire bitcoin at $460 would be a hard point of entry versus someone who could invest a $1 and hold onto a couple hundred safecoins.
What do you think?
@sfcoin someone was mentioning something about MAIDcoin being available to chinese investors on livecoin. Did you hear about this? I haven’t looked into it yet.
That is my feeling as well and it’s been like this ever since the ICO…I believe it has to do with the OMNI scammers and their fat and cheap stacks of maidsafecoins
This^ is the Pump and Dump (P’n’D) group. They suppress the price to accumulate more, cheap
Well, the MAID/BTC pair is available on Livecoin.net, but the volume is very small
Right. I’m taking that into account, but now what I’m saying is the amount of loans on margin well exceed (in my opinion) the OMNI dumpers. It seems like someone with serious financial banking is lending out cheaper loans and there are more of them now than back when @dallyshalla was explaining to me the OMNI situation.
The maid token has a good history of pushing the price as low it can go before a large pump. The timing has marked testnet2 with the next news of safe network it will pump with hype…
Even though there might be some guys trying to push the price
down, in the end, it’s risky, a lot of people stand by to buy
immediately more MAID on such forced droppings.
It’s an attractive entry level for newcomers.
I do not understand why you guys think some mysterious guys are pushing down the price. The price is on a constant and natural downward trend since the all time high for two months now, without any suprising outbreaks. I guess the push to the all time high was pure speculation not so much people really investing in MAID because they want to stay in for the longterm.
Before the pump to 0.00029 BTC MAID ranged at 0.00005 BTC. I guess it could go down to that price, since this price represents the price for real believers. Since MAID also gained some more believers who did not know about MAID before the pump (like myself), I personally think the bottom should be higher than 0.00005 maybe 0.000075 or so but that is just a wild guess. I will wait a little more to accumulate more MAID since I think the 2 month downward trend is still active.
My guess is the downward trend will loose momentum in the next few weeks and the price will go down more slowly also I think it will stay at the bottom for quite some time till their is a release with reallife benefit for the potential users or some really positive dev update. Then maybe it will shoot up again. But who am I to make any forecasting. Usually always the opposite to my gut feeling occurs so maybe everyone should buy now
Its not so much they are actively trying to push down the price. Just they moved 2.5 million into poloniex and very shortly after sold them. He/She has done that a number of times now. I ran @dallyshalla 's program which queries the omni protocol and noticed the drop, then went to the omnichest website and looked at the transactions for MAID and saw the large deposits into Poloniex and watched to see what would happen and sure enough they were sold.
So yes there is someone who is selling off their holdings and that ends up pushing down the price.
. Evenso, I find him very useful to read when thinking about this, even though he’s generally concerned with far larger investments than I have to manage!