from my survey new people are not buying maidsafecoin, if anything it is people collateralizing their maidsafecoins to buy more maidsafecoin. So if some whale comes dumps the price 20% its over folks, we'll be at 6k
And then, its like... whats going on in the maidsafe forums is just talk about pumping the coin so that maidsafe can dump the coin... it's senseless and not well considered. Myopia and I'm sure just woke up one day and BOOM proposal while devs go on vacation
Long squeeze, people margin their maidsafecoins and get forced to sell for less prices as the price goes against them. More usually it happens in the opposite direction (short squeeze) but if few people are short, then not much to squeeze. It's just a speculation that's my opinion based on we don't see new buyers, and the whole mvp thing and launch is so watered down by now.
Even my attempts to promote maidsafe further last month was met with huge hostility.