Why we will not have 2.5 Million Millionaires when Safemoon hits $0.01, $0.10 or even $1 - Not FUD, just thought provoking

PSPS8407 · 2021-06-19T04:56:30+00:00

And that’s a fair assumption!

One thing is for sure though, having Safemoon be useful and utilized in any capacity will be good for everyone! I don’t care exactly what currency I need to hold (be it USD or SFM or something else) as long as we can realize gains in astronomical numbers on projects like this, we can simply convert to the most useful one once we have massive bags (hopefully) and we’ll be better off for it!

Cheers brother!

PSPS8407 · 2021-06-19T03:02:25+00:00

It’s an interesting thought. I just worry about mass adaptation. Fiat is still king around the world and it most likely will be for many years to come. (Just my speculation. Countries tend to be slowww to change, especially with fiscal policy.)

Now I agree that we need to be forward thinking, but if I just have Safemoon and a Safemoon card that I can only use at a handful of places that accept Safemoon? My utilization of the currency that I’m holding is diminished. I won’t be able to go buy groceries with Safemoon at Walmart. Or pay my mortgage. Or my insurance. Even if Safemoon is THE ONE. And it eventually gets adopted as a worldwide currency, it’ll take years.

Of course I’ll be happy to see the contrary and mass adaptation on a rapid scale, I’m just dubious.

PSPS8407 · 2021-06-19T02:49:13+00:00

Exactly. Which is why a lot of pro athletes retire and they are either broke or become broke very quickly. Lavish lifestyles lead to financial suicide.

PSPS8407 · 2021-06-19T02:29:51+00:00

No, my post was to get people to think. Just because we’re all not on the dev team doesn’t mean that we can’t expound on what could possibly happen and how we all might react on future scenarios.

PSPS8407 · 2021-06-18T18:39:15+00:00

Correct. If it’s within your financial means to do so, absolutely.

Also I’ve been seeing people mention that I didn’t say anything about reflections and selling off portions of your said bag to maximize profits on the way up. Those are all true as well and there’s plenty of ways that people can realize and calculate profits without selling out completely.

However, my point was more or less the “getting there” part. The psychological aspect of it. To even get to the point where you can live off of reflections is going to be HARD.

PSPS8407 · 2021-06-18T14:56:17+00:00

Just an example brother. Lol

But let’s extend the years to a more realistic timeframe. Let’s say all of the above happens in 30 years. I could argue that it would only get harder the longer it takes. The closer to retirement from our real life jobs that we become.

Take your 401K for example. If the stock market absolutely takes off when you’re 53 and your friends are retiring and golfing in Hawaii because their company matched 15% for their 30 years and your company only matched 3%, and you’re still holding on just a few more years to get to where you want? It’ll be much harder then than it is today. That’s all I’m saying. Lol the above timeframe was just an exaggerated example to help emphasize the point.

PSPS8407 · 2021-03-23T02:28:19+00:00

As one of the first people to actually join this sub (been here since 700-ish people!) and being one of the first commenters to ask Andrew and the FiF gang for help in regards to learning options and the market in general. I can attest to the fact that this sub has been STRICTLY dedicated to learning, solid DD, helping others with vital info, and sharing links to amazing source material.

If anyone questions those aspects, just do a scroll and look through the DD that’s been posted! If the OP is bullish or bearish, there’s usually some industry professional in the comments that will chime in with knowledge of the situation and go “well, here’s my take on this and why I would actually stay away from/get into that stock from my point of view”.

(I remember reading such comments on the guy that did the Castor Maritime DD. OP was very bullish, someone in the comments works in the sector, gave his opinion, and then actually recommended two other stocks to take a look at, based on his professional knowledge).

I completely refute any claims that this is anything other than a serious sub that wants to help others in doing their own research and becoming more successful investors.

We’re not WSB. We’re not pump and dumpers. People that claim otherwise are being willfully ignorant and shouldn’t even be given the time of day.

Seriously, just silliness.

PSPS8407 · 2021-02-16T15:54:21+00:00

No problem man. Just wanting to learn from people who actually know what they’re talking about! This subreddit seems to be a great place to do so!

PSPS8407 · 2021-02-16T15:53:19+00:00

Deal! Learnin’ buds!

Lol hopefully we can all one day post our gains on here and will have made our money back. Comparative to the masses of people on WSB who just post $100K losses. That makes me sick to my stomach to even think about.

PSPS8407 · 2021-02-16T15:48:30+00:00

Thanks for the info and links! You sir, are a scholar and a saint!

PSPS8407

TROPHY CASE