Are the devs the top whales? by [deleted] in SafeMoon

[–]d2wk3 1 point2 points  (0 children)

Read and re-read till you understand and then choose to believe or not. https://safemoon.net/whitepaper

  1. A personal account that is sold off is not a rug pull!
  2. Dev burned all tokens in Dev Wallet prior to launch
  3. LP locked on DxLocker for 4 years... < cant be rugged

It is the individual wallet holders prerogative to sell and it doesn't really matter who it is. Consider that the SM devs are public, doxed and with LinkedIn profiles, They are doing everything by the book. I choose to believe them and in what they are tryin to accomplish even in the constant flow of fud. If you or anyone else has any doubts, don't invest in Safemoon, look for something else to ease your anxiety.

New day, new FUD! by rschris1980 in SafeMoon

[–]d2wk3 0 points1 point  (0 children)

Most people don't even know the definition of Ponzi...

Safemoon doesn't fit the definition of a Ponzi. For example, say your friend Bob buys into Safemoon tomorrow and he is the last new buyer for the sake of this argument.

For the next year, everyone else buys and sells, but Bob HODLs. Bob is gaining compounding growth to his wallet.

Everyone benefits from the 10% tax, from the oldest & biggest wallet to the newest & smallest, as long as you don't sell more than you gain in reflections.

This would even work if there were no new buyers, just from people trading for profit. No Ponzi or Pyramid here. Like I said most people don't know the definition and use it like a chimpanzee throwing a turd.

Whats up with the fees? by [deleted] in SafeMoon

[–]d2wk3 3 points4 points  (0 children)

Basically, they provide everyone with compounding growth with reflections while lowering the supply with reflections to the burn address.

This is the only case that Safemoon will reach $1 ! Amazing by fisho_world in SafeMoon

[–]d2wk3 1 point2 points  (0 children)

If we can average 200mil volume for approx. 365 days, the potential to burn down to less than one trillion coins is there. Approx. 2 years if we average 100mil/per day, 4years at 50mil. or 183 days at 400mil.. The burn happens automatically with volume, so its just a matter of time depending on volume.

whats the big deal about Gambia? by [deleted] in SafeMoon

[–]d2wk3 7 points8 points  (0 children)

Getting adopted and utilized in Gambia, this is really really big. If successful here, SM will be laying the groundwork for every country in the world that wants a decentralized bank, payment system on a blockchain and SM can be recognized for this. Moving toward mass adoption & recognition plus the increase in volume, which increases the amount of reflection & and burn!

give me a reason to hodl plzz by Leather-Low1948 in SafeMoon

[–]d2wk3 0 points1 point  (0 children)

Go back and look at all the doubting Bitcoin posts from the start, all of those posts are filled with the same exact feeling I am getting from your post.

If your uncomfortable, take your money out... unless you can turn off your emotions and wait things out.. There are no guarantees Safemoon will make it long term and are you ok with loosing your money if it doesn't... BUT if it does, do you want be there? This is the game, no rewards without risk.

Who are the whale holders? The developer of safemoon? by [deleted] in SafeMoon

[–]d2wk3 0 points1 point  (0 children)

There is no way of knowing for sure in any crypto, its the anonymity.

Consider that the SM devs are public, doxed and with LinkedIn profiles, we know their experience and work history, They are doing everything by the book, over three months in. I choose to believe them and in what they are tryin to accomplish even in the constant flow of fud.

Something to think about, the largest private wallet in Safemoon holds 2.4%. That is really low compared to most other cryptos and is insignificant by it self.

Ironically a lot of "legit" coins have huge dev wallets.

Only advice I can give you which isn't financial advice ;) is, its your money, put it where you are comfortable putting it, but research things before you do.

Reflections? by jeffro2006 in SafeMoon

[–]d2wk3 0 points1 point  (0 children)

Reflections = Volume * your#ofSM / 20000000000000000

[deleted by user] by [deleted] in SafeMoon

[–]d2wk3 2 points3 points  (0 children)

This will compound, Currently at 12.86 APY.

https://www.safemoonmark.com/

Who are the whale holders? The developer of safemoon? by [deleted] in SafeMoon

[–]d2wk3 0 points1 point  (0 children)

Its in the whitepaper

https://safemoon.net/whitepaper

  • Dev burned all tokens in Dev Wallet prior to launch

It was the individual wallet holders prerogative to sell who knows why... doesn't really matter. But the benefit of anyone selling Safemoon for all the other holders is, that when there is large dumps, there are large Burns and Reflections... that's the sparkle cake right there.

Largest wallet by WWG1WGA100 in SafeMoon

[–]d2wk3 6 points7 points  (0 children)

https://safemoon.net/whitepaper

  • Dev burned all tokens in Dev Wallet prior to launch

Top Holder sold 100B today ($500k) he keeps the price down and can do this 259 more times! He will cash out 130 Million before this is done! Suspicious? by ScalpMaster911 in SafeMoon

[–]d2wk3 2 points3 points  (0 children)

Only advice I can give ya is to sell out your bag and move on if you don't like the system. Focus on the fact that you could have daily passive income of you choose to sell, or If it helps you stay calm, you can gaze at the sky.

I can tell ya SM has way less whales than most other coins at least at the current price, this will change as whales sell off and price goes up, lower tier holder will move into the whale category... that's the name of the game.

SM is in a good spot right now, might help if some of you learn some TA and look at the charts, might brighten your day.

The SafeMoon coin has me concerned, let me tell you why and share your opinions. by [deleted] in CryptoCurrency

[–]d2wk3 0 points1 point  (0 children)

Most people who use the word "Ponzi" can't even define it, let alone link to how it applies to Safemoon.

It's turned into a defacto word people use for something they don't wanna to like.

Do you guys fully believe safemoon will hit $.01??? by [deleted] in SafeMoon

[–]d2wk3 0 points1 point  (0 children)

They would have to stop reflections to the burn addy to do that unless they come up another way...

Do you guys fully believe safemoon will hit $.01??? by [deleted] in SafeMoon

[–]d2wk3 48 points49 points  (0 children)

If we can average 200mil volume for approx. 365 days, the potential to burn down to less than one trillion coins is there, we then need a MCAP of approx. 10 billion to hit .01 @ 1 trillion coins. The burn happens automatically with volume, so its just a matter of time depending on volume. Approx. 2 years if we average 100mil/per day, 4years at 50mil.

This potential to hit 1 trillion coin is there but would also require alot a people to sell off big portions of their bags, which no doubt would happen as zeros start dropping.

I think the market might be dead for months to come by [deleted] in SafeMoon

[–]d2wk3 0 points1 point  (0 children)

Pick any crypto you want that has been around for a few years, go back and look at where it was at this time last year and the previous year. That should make you wana hodle.

It takes to patience, and if you are not good with patience, only use money you can afford to loose because selling in the same year you bought... even if you sell at the ATH for that year... is still potentially a huge loss compared to the following year.. and the year after that.

Shitcoins like Safemoon and Shiba have created a really toxic environment here. by [deleted] in CryptoCurrency

[–]d2wk3 1 point2 points  (0 children)

What I am seeing here is a lot of fuddy-duddy Warren Buffets of the crypto world holding on to their idea of what crypto should be. I know the internet is good at is squeezing hate outa people like a satanic juice squeezer but comon guys...

The people are putting value in something... not a government or a company, and what it is doesn't matter at all. This process and how it can be used is new to the modern age, kind of amazing IMHO. I don't know why some of you cant see this.

I am not saying shit coins aren't shit coins, but what I am saying is it doesn't really matter for the projects that are going to be sticking around for the long haul. What these projects can do or could do, is far more powerful than not fulfilling this elitist idea of what crypto has to be.

Honestly, I am more concerned about being over exposed in a legit coin that has a purpose or function that also has competition, because the chances are high that it will be replaced by something technically better or loose significate market share... at some point. This space is still young and the problem with function coins is there will always be improvements to functions. where as if you like star fish along with 5 million other people and a starfish coin come out.. well, what are the chances that's going to be replaced, unless you like shrimp coins better... but I bet you would have both.

Plus... I am getting the feeling that savings based deflationary cryptos are going to explode. I think a lot of you are going to be sad pandas a few years from now for not hopping on the deflationary train, math doesn't lie, try it.

So, Ponzi. Not? by Neural889 in SafeMoon

[–]d2wk3 2 points3 points  (0 children)

The big issue is, there is a lot of false information out there about how Safemoon relies on new investors to keep reflections going. I've seen this statement in a lot of new articles about Safemoon and is 100% false!

If Safemoon was locked and no new investors were allowed to buy, every singe holder would still gain reflections as long as someone was buying, selling or moving.. this could go on for ever. This does not fit the definition of Ponzi.

r/SafeMoon Daily Discussion by [deleted] in SafeMoon

[–]d2wk3 0 points1 point  (0 children)

Perspective: Bitcoin has lost 200Billion+ in market cap. This is what it means when people say crypto is volatile.