This is so important and explains a whole lot better than my misleading words as to what I was trying to say. People are comfortable with the current system, even if they think its a hassle and a pain to use. I think the whole process that people follow will have to change to use a digital contract, and they will be unsure if it will hold up in court if need be. Until they have a known to work process to use digital-contracts then the digital-contract will be a speciality item.
Whereas
Will mean that people will be comfortable using SAFE.
This is such an important factor in the potential rate of uptake of each system, what people feel comfortable with and how much they need it too. How many contracts does the average person have a year/decade compared to how much they use storage, visiting sites, messaging etc.
My latest MAID withdrawal seems to be stuck on Poloniex. Status has been on “processing” for the last 12 hours. I already requested support and they are “investigating”. I withdrew to an address that currently already holds MAID and which was sent there from Poloniex as well.
No panic yet or anything just wanted to let you guys know. I’ll post again when it has been fixed (or not ).
I already opened a support ticket so should be fine. Thanks for the reply though, it’s reassuring to hear this happened before and was solved eventually without losing any coins. I guess the whole Mt Gox thing made me a little paranoid about exchanges
They re-sent the withdrawal and this time it got trough. I already sent another withdrawal which also went trough. Just thought I’d let you guys know in case any of you were not doing withdrawals because of my earlier message.
Total buy order is slowly getting larger and larger. A lot of accumulating going on a.t.m.
I’m very interested what the price will be in a few weeks from a investor point of view. I think we need to get Maidsafecoin to al lot more exchanges. I think we might see that happening after the release of the installers…
I don’t think it’s very useful to add maidsafecoin to more exchanges when we’re so close to a live network and the implementation of Safecoin later on in development.
That fallacy has been mentioned many times and we’ve never seen any indication why that would be good.
I suppose you think some people would buy MAID just because it’s listed on their exchange (as if it costs anything but 1 minute of browsing to open a Polo account)?
That’s a funny argument. I don’t know how crypto-thieves pick targets but I don’t think that MAID’s presence on an exchange plays a role.
If you want a lower risk, you can buy MAID and park it outside.
If you want to day-trade, you want to have your coins in one big exchange.
With a relatively small coin you can’t get both risk dispersion and high liquidity.
Talking about the risk of the whole (as in all coins stolen in MtGox), individual risk is indeed more at the discretion of the individual MAID owner. As for thieves targeting MAID; it is on the same exchange as most of the Ethers are traded on, so somebody might take them along. Also, NXT got a good hit when BTER was hacked, market cap and liquidity comparable to MAID. Apparently, that’s what they targeted.
Yes, there is a consideration to be made with respect to liquidity and risk dispersion.
There is a lot of margin trading going on. If you look at the size of some of the lending offers 10’s of thousand and many can be seen sometimes before they are used by people.
I am expecting some spare money in a week to buy my last bitcoin’s worth of MAID and have been looking at polo and the lending is up and the size of the buy/sell orders are up. The market is mostly in the hands of a few traders. Traders using other peoples BTC/MAID to play the market.
My guess is that over half the BTC buying MAID and over half the MAID being sold is traders using margin trading.
I hoping to use the safex exchange in the future, and poloniex maybe become redundant. I see safe coin of a way to purchase a product more then a trading stock.
I agree that trader’s are starting to affect the price movement.
It also appears that there are one or two big sellers trying to keep a cap on this price. Last week there was a huge sell order of about a Million that came on, which then disappeared. As soon as $MAID started to run this week, a set of similar size orders appeared but they were broken down into about 15 pieces of around 60,000 per one.
The volume is way up in the last week, which appears to be a signal that the upswing is about to gather momentum. But because it is only being liquidly traded on one exchange, the price can be manipulated by a few players, especially with margin.
With a lot of releases on the horizon and potentially a parabolic upside as we go into the Fall, I don’t think it’s crazy to think that there may be some people who want this to stay lower for awhile.
[EDIT] My thoughts below were based on faulty information and not to be relied upon at all.
The volume went up when the volume on ETH went down.
Margin allows people to effective trade with many times their actual holdings. So someone trading 200,000 might only [EDIT] own 20-30,000 MAID. Borrowing has been through the roof.
My thought is that volume is no longer an indicator of interest or lack there of. The 100k-500+k buy/sellers are most likely the 20-50K traders from times past. But you could be right too. I don’t have enough experience in this to be sure.
When ETH was on heat there was a lot of controlled selling without most of the buying walls. This time there are many large walls on both buy & sell which I would have thought was traders selling “higher” and buying “lower”.
So it shouldn’t make Traders become Whales just by cranking up leverage.
The big SELL orders come out every time there is a significant up move. That’s why I think someone is trying to keep a lid on it. BUYS tend to be smaller and more consistent, whereas SELLS are very sporadic and big.
).
