I challenge you guys to try to map your emotions in a part of your memory that does not fade away and remember what you felt when MAID was @$1c and how you think you will feel when it’ll be @$6c. It’ll teach you how to make better decisions under stress and not lose money in crypto trading.
It will also help the projects because less panic sellers will mean shorter recovery time from a downfall and a higher highs in an uptrend.
I am doing this since a long time ago to “feel” the markets, when is the best time to sell and when to buy and although I am a better preacher , I still do decent enough trades.
If you go back in this thread long enough you’ll see frustration and panic and people losing faith in the project just because the price of the token went below water for a brief period and for a solid reason even though the fiat price should NOT matter right now at all.
This project and Ethereum are the only true 2.0 projects in which I believe long term and which I think will become mainstream enough to gain a critical adoption mass.
I, for sure, am going to back up my 500GB photo collection as soon as the network is stable enough
If I “save” money in a physical bank, I end up spending it anyway. And I don’t like “saving” that much in those physical banks anyway.
But with digital money, I feel like saving double or triple the amount I would have normally. I also don’t waste my money by spending it on gadgets and trinkets, because I feel so good about saving it in digital money—especially ones that have substance behind them, an idea, that keeps humans intrigued about them, meaning it will never fully disappear (i.e. the main fear people have about investing in anything: that it could be completely wiped out). Even if it was fully wiped out hypothetically, it’s not like I needed those gadgets and trinkets in the first place. So that’s why I think putting huge chunks of earnings into this coin (or some others) is worthwhile. Let alone the insane potential growth.
Never invest a dime more than you are willing to lose. Gambling is regulated and has a certain payout percentage. Crypto is completely on the other side of the spectrum. Basically we are in the early years of the Gold Rush. Few won, many didn’t.
I realized something that when buying bitcoin at 300 dollars; I have 300 dollars of volatility to lose.
If I buy a safecoin at 10 dollars it’s not so bad.
If I buy a safecoin at 1 dollar it’s not bad at all 99 cents 98 whatever 2 cents even whatever
but 300 compared to 2 cents is like the sky doesn’t exist anymore,… so some thoughts, Obviously its hard to keep the price low on things, but if there is high volume of transactions happening with safecoins then that means we can have a stable and low price and the risk of ‘getting in’ is consistently not overwhelming.
I see it as investing $300 or investing $10 depending on what I want to risk or gain. Volatility is a percentage of the total invested.
If I want to invest $300 I’ll buy $300 worth (whether the coin price is $10 or $300), and if the volatility is 20% it doesn’t matter what the coin price was.
I guess he meant if the same amount of MAID instead of $300 can be purchased for $10, then the volatility doesn’t matter assuming your target was to get the same amount of MAID. But if that was the idea, it wasn’t expressed clearly at all
You’re right in that the potential for loss is always the same percentage-wise (you can always lose 100%, or gain any relative amount).
Google IPO: $85
Today Goog: $728
Change: 756% increase
Microsoft IPO: $21
Today Microsoft: $54
change: 109%
Bitcoin IPO: (pizza time) $40 for two pizzas in exchange for 10,000 bitcoins = $0.004 Each bitcoin
Today Bitcoin: $330
change: (329.996/.004) *100 = 8,249,900%
So look, when we’re talking bitcoin there’s folks who got them for .004 and will likely enjoy the great return anything above $0.004 so even if the price is $1.00 there’s still people who can sell and enjoy profit.
It is unlikely to happen in Microsoft that it will go below 21 because that’s what people start to pay, so the volatility of Bitcoin is between .004 and 1200.00
So there is a huge difference, it’s the same reason why ethereum can’t be traded for 20 dollars after a few minutes, because the market will definitely accept a lower price.
A good question from here is, what is a fair price to start Safecoin bidding at?
And the price of maidsafecoin is not indicative at all of what the price of Safecoin should be first listed at.
That’s interesting. At present we’ve all invested in an idea, a dream of what the network could potentially be. Once it’s here, being used for real with 1000’s of apps and uses, then it’s anyones guess but the upside (in value of the coin) has the potential to be pretty attractive as there will be so many reasons for people to own/use them.
What I find confusing is your referring to price when you seem to be equating it to volatility. I think there is a correlation, but more due to coincidence than causality. I think low price & high volatility tend to go together because they coincide with high risk, early stage investments.
There can be real effects too, but I think those are secondary. For example, when Apple did their last split 7 for 1, I perceived (not checked data) an increase in volatility. This could be due to psychological effects, and because it helps increase the appeal to smaller investors (similar to the crypto space perhaps).
I think it’s clearer to talk directly about volatility, than price, even though there may be a correlation, because it makes your risk and upside assessments easier. At this stage, Safecoin is relatively volatile. I’m sure we can agree on that!
I think that the crowdsale MaidSafecoin price is a good indication of the region for early Safecoin price. I think it points to the region of the price floor (not the actual floor) because early on, Safecoin holders will mainly be people who bought at, or who are well aware of, and share that perceived valuation.
The market will at some point push this price one way or the other according to perception of future value, and supply versus demand related to utility. At that point you get a break out from the crowdsale benchmark region in one direction or the other (as with bitcoin from pizza purchase to wider utility, or the reverse in the case of Mastercoin).
For this reason I think “launch” will create volatility (through increased activity but continuing low liquidity), but that can’t cause breakout. So I think MaidSafecoin will set the basis for early Safecoin pricing. I think a breakout won’t happen until there’s a significant shift in perceived future value, or in demand for to utility (again, in one direction or the other).
And it is a significant issue. I know folks will want to be well against thoughts that safecoin won’t go to 300 each; I form the case that in fact it definitely could. So the range that a price trades is important. If you think you’re on your way for $1000 per safecoin, well at some point that’s going to cost 4 trillion in market cap. In that case there better be every thing available in exchange for Safecoin because there might need to be enough money in the world to help us out.
And also I know that the price of MaidSafeCoin is not the price of Safecoin. Since this is the MAIDsafecoin trading thread Ill keep it ontopic relative to MAIDs; The estimated costs and amount raised and price offered for development I’m sure is not reflecting the price markets will put on the coin that exchanges for storage.
So indeed if the price goes each day from .02 to .04 to $.08 will mean that there is a 100% daily volatility. However, at .02 if the price went down 50% we lose 1 cent, if the price went down 50% at .04 we lose 2 cents. and if the price went down at .08 50% we lose 4 cents.
So the number that the price is does matter. The bottom price is 0. As long as someone accepts them for something it will never be 0.
MaidSafeCoin exchanges 1:1 for safecoin - and that is 10% of coins to exist pending the network is reaching 99% utility; otherwise the crowdsale coins equate to a percentage far more than 10% in other words they aren’t as insignificant as they might be perceived. The rest of the coins actually need to be farmed out. Where it gets interesting is that now in Safecoin we’d want to figure out how much storage we own today per coin, and what it will be in the future. That should be the next driving factor for the coin’s price.
However, we’ll have in the beginning as part of our Range .02 acquired safecoins where some people will see that .25 is a good price and get out.
If the crowdsale was at 1$ each and only 8 million coins sold. Then folks wouldn’t sell for less than a dollar. Though obviously .02 - .25 is the same percent gain as 1$ - 11.5$ - at least it’s hard to lose price points at .02 but it’s perceivably easier to lose price points at $11.50 Unless we get very liquid and folks are getting perfect value at higher price, then that’s where we’ll go.
Again this is such a confusing way to put it that it is all but wrong to me. It’s only true if you hold exactly one coin, which applies to nobody.
Less confusing way to express this: if the price dropped by 50% you lose 50% of your investment. Actually, it’s worth remembering you don’t gain or lose anything - until you sell. So one can get worried by volatility, or not, or even try to day trade off it with the obvious risks. It’s the breakout that those who believe in the network are hoping for though.
I don’t disagree with your logic above. Or in the rest of your reply TBH, but it is (like mine) still educated guesswork.
I do take your point that there may be a premium from having a network that that’s running, and indeed as it grows. But this will be small, and is likely be hard to see with the expected increase in volatility.
I know we both hope for the same thing whatever the reasons!
