Someone Has to say it - MAID's price is worrying

Autonomi Network Token (incl (e)MAID)
44

@fergish Thanks for yours as well. You’re preaching to the converted. Surprised you didnt know that by now.

Based on your somewhat defensive response Im thinking you may have interpreted things wrong.

I made it perfectly clear that the point was NOT about MAID as a company or business nor was it an obit on MAID the devs or staff or mods here. Many people got involved in MAIDSAFECOIN back in 2014 as an investment - near / long term. For no other reason. That is my point.

Does this means that the chance exists?

45

So instead of thinking people are going to do nothing but cash out once safecoin comes into existence, what are some directly competing reasons (compared to selling all at some point) for just holding onto Safecoin for as long as possible? It has a bunch of potential utility. Even just staring at your pile might hold just as much satisfaction as it would to convert to anything. Plus there’s the ability to just cash to any other currency on SafeX if need be.

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Thanks, @BIGbtc. Yeah, I figured you’d been around. I guess I was responding to your post in conjunction with the title of the thread.

“MAID’s price is worrying” to me means “I don’t have a clue as to what’s really going on here, and need educating”. :wink:

Of course. There is always that chance, but I only mention it as a worst case possible . . . which I think is exceedingly unlikely. :sunglasses:

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What you do with the safecoin after conversion is another thing altogether. I really don’t know what the environment will be then. If it shoots up to what I consider an advantageous after safecoin starts being used, I will likely sell some of the meagre stash I’ve go. Not sure. Too little data on what will happen. Only guesses. I may consider it retirement savings, or invest it in a SAFE app, or . . . .

But till then, MAID is a placeholder for the future, as far as I’m concerned.

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Like it…You have that way with words @fergish :grinning:

I see some clarity in the - wtf is with the price - deptartment.

Hopefully the entire thread brings some clarity to those who hold that Poloniex is representitive of the value of MAID.

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49

Considering that with the assumption that MAIDSAFE succeeds in creating the network, that safecoin would then be backed by a valuable resource, shouldn’t we be cheering for the safecoin trade value to be as low as it can get? That way, people wouldn’t view safecoin as a real currency and thus it would be a lot easier for the next set of would-be app billionaires to push their hosting fees onto their users through the safenet?

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No, not only in BTC. Like I said in response to some other members, MAID dropped not only against the BTC, but in fiat as well. It went down a single cent.

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In crypto a single cent price movement is called extreme price stability :slight_smile:

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My bad, I meant to say “to a single cent”.

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I’m pretty sure I’m completely over (well not entirely) thinking about MAID/SAFE in relation with BTC. What’s easier to figure out, some huge decimal of btc (or large number of satoshis), or actually just comparing it to a single cent? Can only go up from there (i.e. that single cent), and pennies seem a lot easier to understand, and maybe could encourage people to go higher and higher. Maybe ultimately 5 cents per safecoin? That’d be a nice psychologically well defined number; although of course it could go a lot higher.

Especially since safecoin will also be heavily compared to price for storage in the real world, this makes it so comparing safecoin to cents much easier as well. (Don’t forget, however, that Maidsafe’s storage is/will be far, far more useful to use than going to the store and buying huge hard drives… that will fail infinitely more easily, at that. This is an entirely different topic, though, pretty much, which I might be missing points about, too.)

Also, price seems to be rising now a bit. I went ahead and just bought “up” as much as I could, which seems to have sparked a hike, lol.

Guessing most things have been said in this thread, so I’ll be looking at the main trading/price thread now.

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i see 278k maid big buy wall on the order book, i think maid wikl be back soon, let’s see 5k, 6k, or evn 8k sat maid

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:frowning: Maidsafecoins are getting scarce, can somebody please dump 50K on shapeshift.io i need that, like this week asap.
:stuck_out_tongue:

BTW the price is not worrying, it only means more storage/computing power, when SAFEcoin arrives.

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you should use poloniex so pay lower fees, in shapeshift sometimes the trading fees are 10%, no reason to buy there

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It seems you are following a speculative strategy. Do your own research, but in order to not get stuck holding a lot of worthless (insert your investment here), then you need to purchase (and sell) over a long period of time - that period depends on the nature of the investment and the amount of your purchase - as your purchase itself can affect the price dramatically in some cases.

Also paying attention to the price of your investment is a recipe for pain and suffering. Instead, pay attention to the company/organization and the people behind it. Get to know them, read everything they write and develop your skills at evaluating people and projects, then buy and sell on your evaluation of the project. That’s a solid investment strategy. Following the price is, honestly, a noob investor mistake.

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Last thing I heard about Poloniex, is that they are asking for ID’s & residence documents. I would rather pay a trading fee of 10% instead of having my private data at another company.

I still see 37000 Maidsafecoins on poloniex, Maidsafecoin are now officially scarce. :frowning:

**

Someone Has to say it - (again) MAID’safecoin is scarce :persevere:

**

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Only if you are wanting to withdraw more than 2000$ equivalent per day.

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The total of Maidsafecoins being on sell order on Poloniex is 3647551.51607885 MAID right now

What’s your source on 37000?

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As far as I know only if you want to transact more than $5k/day ID is needed.

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I see what you mean now, that I’m logged in. I was looking at the traded volume :sweat_smile:

But this is only good news, the more the better

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63

price on the up now!!