Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
Has anybody more insights on why the Safecoin price is controlled so much?
For months there has been very strong market shaping on Poloniex with alternating large buy & sell walls preventing any major action to either side. Also, this is all going on very indirectly and the walls are never placed aggressively so they seem only to be used to push the market slightly to the other direction in order to unload a bit of the market maker's position or whatever.
Am I paranoid?
I did not observe this kind of behavior with many other coins.
For months there has been very strong market shaping on Poloniex with alternating large buy & sell walls preventing any major action to either side. Also, this is all going on very indirectly and the walls are never placed aggressively so they seem only to be used to push the market slightly to the other direction in order to unload a bit of the market maker's position or whatever.
Am I paranoid?
I did not observe this kind of behavior with many other coins.
I recall there was a post about a year ago that discussed Maidsafe's intention to slowly sell off some of the foundation's coins in order to continue funding the project. Not sure if they went that route or not, but could it possibly explain why the price doesn't seem to move strongly in either direction? Otherwise, I'd assume there's some whales with a lot of coins manipulating the price.
MAID is just as volatile as other coins. In 1 month the marketcap moved from 119 mil. to 216 mil. So I have no clue how someone could say the price is controlled
. https://blog.maidsafe.net/2016/05/31/maidsafecoin-announcement/
Here's the info on the selling of those coins from about a year ago. We see $-volumes of around 5 million on some trading days for MAID. No way MaidSafe as a company could influence that. I guess even the big whales can't these days. You need quite some volume in USD to move the market up or down. but like I said, MAID is volatile just like all the others:
