price jumped up a bit from -21 % to -19-20%
Well 
But there is an insignificant amount of trade: 24hr Volume:1.13737665 BTC,Buy support: 4.92! If somebody dump at least 10 btc?
Letâs keep this on Maidsafecoin, if you want to keep discussing other coins you can make a new thread.
Was just trying to make sense of whatâs going on with the price.
Another 20% drop in just one day is really upsetting to me. I would like to know whatâs going on.
Why isnât anyone making a push to get on other exchanges as well. If there is price manipulation going on on Poloniex due to their loaning system or whatever answer is to let price discovery happen on other exchanges as well.
It just doesnât make sense that a project like Maidsafe so close to alpha stage is being so oversold for no good reason while Ethereum which is doing same thing but on a smaller scale is doing so well price wise.
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Because Maidsafecoin will be converted to Safecoin in a few weeks/months, this will create demand and other exchanges will probably add it once thereâs demand.
I wouldnât know whatâs going on with the price, all I see is good news coming once the network gets up very very very very soon.
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Summing it up,I do not need other coins as well as discussions :)I need a cheap maidsafe.
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I guess manipulation to lower the price for someone who wants to buy low is the most logical explanation.
the difference is that ethereum is actually live and has a lot of spin off projects already.
that actually is a huge difference in crypto.
also when you say âWhy isnât anyone making a pushâ - well ask yourself why have you not done it??
because the reason why bitcoin is so popular is that there was no central organization and we (I include myself in that group) were out there evangelizing using the coin to people and businesses.
maidsafe is not live/usable like bitcoin is and was at those times, so people especially after all the coin scams out there put a HUGE discount on the price of a coin without an active network, or where the tech team has not delivered.
look at XCP/Counterparty for example. The coin was as high as $10 but now is at $0.71. Why?
Well the founders of XCP decided to port Ethereumâs smart contract virtual machine, they hired a nice PR firm, owned by Michael Terpin, to announce this, and Michealâs firm and people really know what they are doing so they got articles and write ups on some real good magazines, well the price rocketed to $10 - no surprise there because it was a coup to have ethereum running on the btc blockchain!
So why is it now at $0.71?
Well the founders decided to stop working on the Ethereum porting, no testing, no nothing. They went off to start another company, Symbiont, meanwhile promising that when the Ethereum VM is ready and tested then they will think of doing a port. Basically it became clear that people bought up to $10 on the promise of Ethereum XCP-port Vaporware at least for the foreseeable future.
People holding XCP then had to heavily discount the chances of there ever being an XCP Ethereum thing. And even consider discounting that if they did eventually do it, some others (Now there is something called Rootstock being planned) will beat them to the punch. Lastly, it also created a âpoisoning the wellâ situation in the XCP community because no longer could XCP holders trust the words that came from the development team.
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I agree itâs live, but how many people are running the client? How easy to use is it? I like that project, but I think they launched way to soon. Wouldnât surprise me if there was a money issue and they needed to launch to survive.
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If you look at stock prices itâs not very different from what weâre seeing here. Most 3D-printing companies where a hype and a company like 3D-systems went up to almost $100. You can buy the thing right now for around $11 (I have a position in this company since a few weeks). What happened? Well, people where excited about the tech, than it took to long etc. This is exactly what we see in crypto, but crypto has another problem and thatâs low volumes and low marketcap. Which means that a few people with some good cash can move the price around quite fast. Both up and down. So people like to talk about a pump & dump or lowering the prices to buy in low, but nobody really knows whatâs going on. Ethereum was traded over $3,50 and is now under $1. Hard to tell why this is the case. Bitshares once peaked over $80 million in marketcap. Itâs now under 10.
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That is true, but there is one mitigating circumstance and that is the product is not out yet so most people canât do much but muse about matters such as the need to divide the coin, induce inflation and such.
well what exactly do you mean by âclientâ
there are already a few web apps using ethereum
http://groupgnosis.com/dapp/#/markets - this is a âclientâ
augur just raised a bunch of money and is supposedly going live in q1
there are some others.
i dont think it makes sense to criticize launch dates, if the basic network runs, let people figure out the bugs and get more people involved, thatâs the whole point of doing an open source free protocol like this. even bitcoin launched with a massive security bug btw that would have let wallet files be stolen for the the first several months or year, at least, if my memory is right, but look at its success now.
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I mean a GUI for all to use with an installer so anybody on Mac, Win or Lin could run the thing without a terminal. Think of MIST and the opportunity for all who joined the crowdsale to run the thing locally and use some easy to use Apps. I agree about Bitcoin, but they didnât have a good example before them. And way less people and press than Ethereum had. I mean, these guys where all over the internet, videos, devconâs etc. With such a big team it shouldnât be that hard to build a simple GUI and provide some ease of use. Instead we got a hell for the average user to create the genesis block with some script, and another script etc. I was quite excited about the project, but when they said âWeâre gonna launchâ I would have expected more from it. That;s why the price is down so much IMHO. People heard all the hype but donât get that much out of it so far.
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i agree with you in general on this but all that will work itself out over the next few months.
i think itâs better to launch earlier even with things missing to get as much feedback and testing as possible done.
but yes also their org was about to run out of cash, so now it seems they will get a few life lines, which maybe they would not have received if the network was not live. sometimes you have to choose to sacrifice in the short run in order to be around in the long run.
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I still find this pretty incredible (read: stupid). They made a long-term financial plan without considering the risk of BTC dropping in value?! Such a rookie mistake is inexcusable in my view. I wouldâve assumed they at least converted most of their IPO BTC to USD, or alternatively denominated their contractual wages in BTC.
Itâs not like that.
There was no need to plan carefully because the organization was staffed with geniuses so even in the price of BTC crashed it shouldnât matter because the geniuses were going to finish the new PoS platform much sooner before that started to matter.
To their credit, they accepted only BTC.
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I have it on good authority that Maidsafe is doing well financially. This is a very positive sign. This means we can count on steady uninterrupted development for the foreseeable future. Itâs not in the position Ethereum is or was.
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some people do not want to touch USD. i wouldnât call it a rookie mistake.
more like live by the sword, die by the sword.
in the long term if an idea and project are good and solid, little things like this donât really matter anyway
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Great strategy when youâre financial backed by thousands 
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https://maidsafe.atlassian.net/secure/Dashboard.jspa
today we have completed lots of tasks, made a good progress!!
we will rise soon if whales see rust-5 will be done on time.
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