MAIDsafecoin, Price and Trading topic (Closed)

That’s all a price rise is really… people chasing each other up that order book, more buying than selling etc. When it jumps up fast it’s always for the same reason, people getting impatient, they expect prices to go up more and not come back down, ‘say goodbye to 20k sats, we’ll never see this cheap again’ cried the trollbox on polo a month ago :stuck_out_tongue_winking_eye: If you expect prices to drop again you put in a lower order and wait, if you don’t you buy out of the sell book.

fomo bubbles ftw!

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More important than the “why” is that the price is going up now. You don’t need to know the reasons to ride the wave (just make sure to get off if it turns around.)

Well you can indeed miss out if you don’t jump on them, can’t you? If they are just a bubble, you can still cut it short before it’s too late (to have enough left for the next one), but if is really a large one, it’s better be on it than not on it.

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Is this is the place for price prediction ?

Yes it is! and this is an extra long sentence because of the twenty characters minimum in a post.

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“This coin has recently been under pure abomination. It went into unfathomable depths. I wondered why the price is so low. So I assembled a group of 6 people with 1000+ btc and we shorted MAID. When we lost 500k maid in one hour, the mission was aborted. This coin is NOT shortable. It’s bound to Fly ^^”

lol

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what’s a couple years in the grand scheme of things, especially when compared to 130 million years in the making…

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Even some people rally this coin, I’d just bail out. the coin’s price does nothing for development, it isn’t going to make the maidsafe’s network come about any sooner

and if it does come out, you should not need to buy the coin in advance to be involved; you should be able to earn the same through the process

i hope some people are even more impatient, so that there is some privacy solution that we can start using today.

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:D. hajaha so funny ! if only it were true… the TV comments I mean… that place is ful of sharks and pretenders… ,) maid to moon tho !! liftoff T-7

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I just paid my tree surgeon in maids lol. /proud

Told him all about it last month; turns out he’s been buying £100 a day with his coinbase limit. He was a smart guy and very interested/curious, but I tell everyone about it and most don’t go away and look into it, so it was nice to see someone had. There are very few people in Pembrokeshire who have met me and not heard about maidsafe lol.

Hopefully the first of many transactions that I’ll make with maids/safecoin in the coming years. :wink:

No, but somebody has to be holding those coins when they go up in value. They exist already. It doesn’t hurt the project in any way for them to be in demand, and in certain ways it probably does help (greed drives interest/exposure as has been happening with eth, the notional wealth of community is also higher and their ability to support new safe projects magnifies if price is high etc).

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^^ This. Fully agree. +1

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Hmm not a peep out of the naysayers when the price is steadily going up because of Chinese buy-ins…

Let this be a lesson to you sunshine patriots. You may have made money but you did it off the back of winter soldiers. So don’t be coming 'round these parts no more cuz I aint having it.

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Hi Just curious. What makes you think it is the Chinese driving the price of Maidsafe Coin up?

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Because they don’t understand enough English to truly pinpoint where the project is at.
JUST KIDDING (don’t ban me bro).

Because they are driving up the price of bitcoin they’re towing maid in its wake. This caused shorts to turn into longs as the usual market manipulators have ended their shenanigans because they fear maid safe investors who have been holding bitcoin buying back in with the new inflated price. If you follow volume the last few months you’ll see what I mean.

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Qi just did a talk in Beijing about safenet too didn’t he? And David demonstrated safenet would indeed bypass the great firewall. Plus you can now trade Maid/CNY here http://www.coinvc.com/allmarket/trade/maid.

It would be great to see some big action in China. If it gets any exposure it could really jump up a few notches.

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My understanding is there are really large sums of “hot money” seeking reinvestment ever since the Chinese stock market melted down last August/September registrations on chinese exchanges have skyrocketed in the last month. There’s no doubt that Chinese investors know exactly what maid safe means - rust (programming) transcends languages. I’m expecting Chinese social media picks up on the scent and it’s good times for everyone. There won’t be any Chinese FUD artists initially either :slight_smile:

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SafeNet could really take of in China, it’s a real possibility, and I suspect China will be an integral part early on. However, David and the team sortof have to wrap it up and deliver something before then. I think it will happen obviously, but when…

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Yes, and fleeing the crazy and ever-worsening capital controls in China and elsewhere is a big incentive to move money into various forms of crypto for many people.

The wait is killing everyone, but nothing worth having ever came easy :wink:

I agree China has big potential, we need everything as user friendly as possible as quickly as possible for the chinese market.

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User friendliness will I think require multilingual capabilities in all apps provided by maidsafe. The earlier the better, then we can have the commmunity submit pull requests for each language little by little.
I am ready to contribute (sorry not for chinese ^^)

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I believe I have uncovered exactly what’s going on here -

The team that has been suppressing and shorting MAIDsafe coins was completely caught off guard by the rise from .054 c to 0613 c that was caused by the Chinese buying into the market.

There is now infighting going on as a large portion of their capital was burned by the rise. Some of their members are outright refusing to try and short the price down because they do not believe they can corner the market anymore and do not want to risk their hand.

Take everything with a grain of salt, but this is what I personally have come to find out.

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Yes I think it’s wise to overall expect a ride in MAID when there is a large rise in BTC. Because the vast majority of power behind BTC movements come from china, and the Chinese who discover BTC have a high chance of discovering and investing into SAFE

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