Remember me
▼ Content

Crypto investments



Page 10 of 10<<<8910
27-06-2021 19:40
Spongy Iris
★★★☆☆
(666)
Now that John McAfee is dead, who is going to pump bitcoin to $500,000?

https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2021/06/23/john-mcafee-found-dead-after-spanish-court-oks-extradition-for-tax-crimes-.html?amp_gsa=1&amp_js_v=a6&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16244949007465&csi=0&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2021%2F06%2F23%2Fjohn-mcafee-found-dead-after-spanish-court-oks-extradition-for-tax-crimes-.html

"McAfee, along with another man, Jimmy Watson, also was charged in Manhattan federal court in March with an alleged "pump-and-dump" scheme that bought up large quantities of cheap cryptocurrency and then promoted them online with "false and misleading tweets" to jack up their market prices."


27-06-2021 23:18
Xadoman
★★★☆☆
(546)
Now that John McAfee is dead, who is going to pump bitcoin to $500,000?


Bitcoin is so scarce that I am actually amazed that the price is so low as it is now. It is probably the last chance to become a whole coiner for most of us, in the future people will fight over satoshis. Kiyosaki has invested heavily into the Bitcoin. He is the guy who predicted accurately many crashes before and he predicts the Bitcoin will go over 1 million in 5 years.
McAfee got Epsteined. He was a computer genius who messed with wrong people. I did not watch much of his videos but he seemed quite a cool guy.
28-06-2021 04:19
IBdaMannProfile picture★★★★★
(9569)


Xadoman wrote:Bitcoin is so scarce that I am actually amazed that the price is so low as it is now.

You are amazed because you continue to ignore the supply-demand curve, the fundamental basis for all economics. I could hold in my hand an extremely rare, one-of-a-kind piece of trash that I simply cannot give away. As long as you ignore the "demand" curve, you will forever be confused about price realization.



Making Bitcoin rarer does not make it more appealing to those who simply don't want what Bitcoin is. In fact, if all but one Bitcoin token were "burned" ... the guy left holding the bag with the one last remaining token would have a worthless, one-of-a-kind piece of trash that he wouldn't be able to give away.

Xadoman wrote:Kiyosaki has invested heavily into the Bitcoin.
Xadoman then went on to write: ... he predicts the Bitcoin will go over 1 million in 5 years.

You allow yourself to ignore the brazen conflict of interest in Kiyosaki's self-serving "prediction" in order to enable yourself to cling to the hope of your poor decision to buy, and then to hold, Bitcoin when you should have gotten out long ago, ... or never have bought into it in the first place.

The moment you realized that Kiyosaki is heavily invested in Bitcoin should have been the moment you totally discounted anything he has to say on the matter.

28-06-2021 06:41
IBdaMannProfile picture★★★★★
(9569)


Xadoman wrote:At approximately 9.00 Robert Kiyosaki says that those who save money are losers.

You have completely misrepresented Kiyosaki's position.

Kiyosaki is a wealth-builder who teaches the standard technique of OPM. His particular schtick is buying investments with zero of his own money and getting an ROI that covers his debt payments and gives him a positive cash flow. Money that he makes is never at risk because he always spends other people's money to buy his income-producing investments.

You took Kiyosaki's statement about savers being losers out of context. He correctly points out that people who are afraid of taking on debt will not avail themselves of such investments and those who simply won't spend their money on investments, i.e. they save their cash, are doomed to remain poor as their only spending power arrives in the form of a paycheck while the money they have loses value over time.

Xadoman wrote: He saves: gold, silver, BITCOIN, Etherium and bullets.

It doesn't matter. His philosophy is that he can do whatever with the money that he has because he has secured a large income stream through OPM and none of the money he has is ever needed for anything. He can blow his money on Bitcoin, gambling, drugs, Hostess Twinkies, ... whatever because none of it is necessary. All of his investments are acquired with $0 of his own money.

30-06-2021 18:46
IBdaMannProfile picture★★★★★
(9569)
Let's talk Safemoon, shall we?

I get it, this thread is intended for discussions on cryptocurrencies ... and Safemoon isn't really a cryptocurrency. It's more of a crowd-sourced pyramid scheme that depends on the participants (like Xadoman) to spread the propaganda and to bully others who raise uncomfortable questions for/of/about the Safemoon directors ... because the participants quickly find out after buying in that the only hope of making any money in the scheme is to bring in new victims/participants ... all the while the joke is on them because there was never any hope of making any money for them in the first place.

... but this is the most convenient thread so we might as well talk about it here.

First, an update:

Back on 14 June 2021, when Xadoman wrote 'At least you have a free will to participate or not in this " scam"' ... Safemoon closed at $0.000004765 (that's five zeroes after the decimal).

Yesterday, just over two weeks later, on 29 June, Safemoon closed at $0.000003434 (still five zeroes after the decimal). Yes, in the last two weeks Safemoon lost roughly 28% of the little value it had (27.93%), continuing it's steady decline into oblivion from an early May closing price of $00001065 (notice only four zeroes after the decimal instead of the current five). At the moment of this posting Safemoon is currently trading a bit lower at $0.000003352 but that's better than its earlier low of $0.000003346

I recommend THIS VIDEO for some eye-opening analysis ... although you might recall most of it having been covered at various points throughout this thread. Enjoy.

[EDIT]
Ooooooops, I posted a bit too soon. I wrote that the day's low was $0.000003346 but that was before the current dip that pushed the day's low down to $0.000003335. Safemoon is trading at the moment at $0.000003345, i.e. below the earlier low point.
[/EDIT]


Edited on 30-06-2021 19:17
30-06-2021 21:14
gfm7175Profile picture★★★★★
(2313)
Damn... Safemoon is sure sucking the bag... poor Xadoman...
30-06-2021 21:35
IBdaMannProfile picture★★★★★
(9569)
gfm7175 wrote:
Damn... Safemoon is sure sucking the bag... poor Xadoman...


Previously I wrote this:

Ooooooops, I posted a bit too soon. I wrote that the day's low was $0.000003346 but that was before the current dip that pushed the day's low down to $0.000003335. Safemoon is trading at the moment at $0.000003345, i.e. below the earlier low point.


... but I'm thinking it needs to be amended already. Now, only a couple of hours later, Safemoon is digging new lows like a Russian digging ice cores. Safemoon is currently trading at the day's low of $0.000003322.

Xadoman, how much value have you lost thus far on Safemoon?

[/quote]
01-07-2021 00:08
Xadoman
★★★☆☆
(546)
Xadoman, how much value have you lost thus far on Safemoon?


Damn... Safemoon is sure sucking the bag... poor Xadoman...



01-07-2021 03:08
IBdaMannProfile picture★★★★★
(9569)


Xadoman wrote:
Xadoman, how much value have you lost thus far on Safemoon?


Damn... Safemoon is sure sucking the bag... poor Xadoman...


That's OK, you don't have to answer. I figure you've lost roughly 67% by now and you don't see any hope that it will somehow rise back above $0.000004

You realize by now that Safemoon value is headed towards zero and that the Safemoon directors have already milked the pyramid for the wealth of the Incas and those who own Safemoon are getting ready to write off their "investment" as a total loss.

Did you watch THIS VIDEO? Did you find anything that was erroneous or inaccurate.

https://www.youtube.com/watch?v=N4miH9dyyD8

01-07-2021 03:28
HarveyH55Profile picture★★★★★
(3514)
To be fair though, it's a relatively new investment opportunity/casino. So, their grand opening wasn't so grand. Lot of completion for you dollars. Of course, all the coin want your dollars just as badly. Some will play dirty, and put out negative advertising for other coins, to make theirs look like the best. Really have to give it some time, to see if it can survive. Most small businesses fail in the first year. It's a struggle just to cover costs, which almost never happens. Many lose money the first 2-3 years. You really can't throw out a competing product, and expect to completely dominate, instantly. It's really about waiting until SafeMoon finds a sponsor, who is willing to invest a huge amount of cash, causing rapid gains. Seems like a lot of new coins, all sprouted about the same time, so the big players are probably involved in some of the other coins. SafeMoon might still get the boost they need.
01-07-2021 06:48
IBdaMannProfile picture★★★★★
(9569)


HarveyH55 wrote:To be fair though, it's a relatively new investment opportunity/casino.

That's a bit of an understatement. Safemoon just opened in March and has already reached its peak and has been falling in decline to its imminent demise ... all in the period of a few short months. That's how this kind of pyramid scam is designed to work.

01-07-2021 11:13
Xadoman
★★★☆☆
(546)
[img]That's OK, you don't have to answer.[/img]

I just checked my wallet and the Safemoon is worth around 1300 dollars. I have put in probably around 1500 or so, I do not remember the exact amount and the excel sheet I made is not complete.

Did you watch THIS VIDEO? Did you find anything that was erroneous or inaccurate.


I watched it a little bit. She basically said nothing and only complained about white paper to be too thin etc etc. Also, she is a woman. I do not trust women.
01-07-2021 17:28
gfm7175Profile picture★★★★★
(2313)
Xadoman wrote:
I just checked my wallet and the Safemoon is worth around 1300 dollars. I have put in probably around 1500 or so, I do not remember the exact amount and the excel sheet I made is not complete.

IOW, you have gambled away much more than $1500 but can't be honest with yourself regarding how much money you have already lost.

It shouldn't be difficult to keep an accurate record of how many dollars you have gambled away in Safemoon.


01-07-2021 17:35
gfm7175Profile picture★★★★★
(2313)
IBdaMann wrote:
gfm7175 wrote:
Damn... Safemoon is sure sucking the bag... poor Xadoman...


Previously I wrote this:

Ooooooops, I posted a bit too soon. I wrote that the day's low was $0.000003346 but that was before the current dip that pushed the day's low down to $0.000003335. Safemoon is trading at the moment at $0.000003345, i.e. below the earlier low point.


... but I'm thinking it needs to be amended already. Now, only a couple of hours later, Safemoon is digging new lows like a Russian digging ice cores. Safemoon is currently trading at the day's low of $0.000003322.

Xadoman, how much value have you lost thus far on Safemoon?

Hahahaha... "like a Russian digging ice cores"... hahaha that was funny.


I like how the 10% fee is sold to people like Xadoman as a "unique feature"... That sounds much better, doesn't it?


I just read that the Safemoon price is "all set for a major upswing"... "poised to surge 30%"... Lovely...
01-07-2021 18:43
IBdaMannProfile picture★★★★★
(9569)


Xadoman wrote:
Did you watch THIS VIDEO? Did you find anything that was erroneous or inaccurate.

I watched it a little bit. She basically said nothing and only complained about white paper to be too thin etc etc. Also, she is a woman. I do not trust women.

Aaaahhh, so you started watching the video, realized that it was thorough and correct and couldn't bear to watch all of it. Your exaggerated dismissal gives you away.

You have answered my question; yes, you are aware that its a scam and yes, you are clinging to the hope of additional people being suckered in so that you will convert your heavy loss into at least a "break even" ... just like all addicted gamblers.

Xadoman wrote:
That's OK, you don't have to answer.
I just checked my wallet and the Safemoon is worth around 1300 dollars. I have put in probably around 1500 or so, I do not remember the exact amount and the excel sheet I made is not complete.

Oh, and I'm sure you can see how transparent your lies are to others. The idea that you are somehow "only down $200" is obviously a fabrication you tell yourself in order to delude yourself into believing that everything will work out if you just keep hanging on a little longer.

You are clearly willing to allow your need to come out of this "winning big" to cause you to lose everything.

Let's look at what the SEC says about pyramid schemes:

Pyramid Schemes
In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants, usually where:

The promoter promises a high return in a short period of time;
No genuine product or service is actually sold; and
The primary emphasis is on recruiting new participants.
All pyramid schemes eventually collapse, and most investors lose their money.

These are some of the hallmarks of a pyramid scheme:

Emphasis on recruiting. If a program focuses solely on recruiting others to join the program for a fee, it is likely a pyramid scheme. Be skeptical if you will receive more compensation for recruiting others than for product sales.
No genuine product or service is sold. Exercise caution if what is being sold as part of the business is hard to value, like so-called "tech" services or products such as mass-licensed e-books or online advertising on little-used websites. Some fraudsters choose fancy-sounding "products" to make it harder to prove the company is a bogus pyramid scheme.
Promises of high returns in a short time period. Be skeptical of promises of fast cash – it could mean that commissions are being paid out of money from new recruits rather than revenue generated by product sales.
Easy money or passive income. There is no such thing as a free lunch. If you are offered compensation in exchange for doing little work such as making payments, recruiting others, or placing online advertisements on obscure websites, you may be part of an illegal pyramid scheme.
No demonstrated revenue from retail sales. Ask to see documents, such as financial statements audited by a certified public accountant (CPA), showing that the company generates revenue from selling its products or services to people outside the program. As a general rule, legitimate MLM companies derive revenue primarily from selling products, not from recruiting members.
Complex commission structure. Be concerned unless commissions are based on products or services that you or your recruits sell to people outside the program. If you do not understand how you will be compensated, be cautious.


Let's compare this to you and your affiliation with Safemoon:

Emphasis on recruiting. You certainly maintain the sales pitch and the positive spin without ever offering any sort of economics or financial basis for why Safemoon would ever recover and take off. Do you remember your attempt to suck people in by getting them to think about their "make it" car? This technique is used as an opening "hook" in all pyramid and MLM sales, and is dogma for AMWAY. "Hey, what kind of mansion are you going to buy when you become rich from joining our team?"
No genuine product or service is sold. Safemoon has no product or service. Safemoon simply hits participants with a 10% penalty for trying to sell and get out.
Promises of high returns in a short time period. All you talk about is the promise of Safemoon going to $1 from $0.0000034 and about you getting much more than an expensive car out of the deal. You believe that your gambit will have a 100X or 1000x payout in a few months.
Easy money or passive income. Weren't you the one that said that "It's all about 'Reflections'"? Also, it was obviously recommended to you to post on Climate-Debate, and to make a "Crypto Investment" thread basically dedicated to surreptitiously selling Safemoon (and Lifeline).
No demonstrated revenue from retail sales. Safemoon does not facilitate revenue from retail sales. Safemoon doesn't want its participants to try to sell and get out. Safemoon punishes any and all retail sales with a 10% penalty in order to ensure that once participants are in, they stay in and are forced to recruit new participants to generate more revenue for the directors in order to be fed with more false hope that they will at least "break even" and avoid heavy losses. To this end, Safemoon provides no legitimate documentation because that would obviously reveal the total scam. There is no white paper; that which is called a "white paper" is just confusing sales propaganda and hype. The only audit Safemoon has allowed is one of their code (not of their accounting), and the Safemoon directors have stated publicly that they aren't going to address/fix any of the issues discovered in that audit, period.
Complex commission structure. No participant in the Safemoon pyramid has any idea how the gains from "Reflections" can be anything but zero considering that Safemoon punishes/penalizes/fines any and all transactions with a stiff 10% fee. There are otherwise no products or services that you or other participants sell to people outside the program. All participants are buying in specifically to "hold" their tokens and don't insist on receiving any explanation as to how they will be compensated. They are all perfectly content with the simple promise that they will become rich in a short period of time by making an EASY 1,000-fold gain in their "investment"

.
Attached image:

01-07-2021 19:42
IBdaMannProfile picture★★★★★
(9569)


gfm7175 wrote:I just read that the Safemoon price is "all set for a major upswing"... "poised to surge 30%"... Lovely...

They are all future projections ... and all of them are very positive forecasts ... and none of them offer any sort of economic or financial basis for such positive predictions.

In fact, they all direct your attention to bizarre jargon involving "decentralized finance" in a "100% community-driven ecosystem" as the reason for Safemoon's inevitable success.

You understand how dishonest people use buzzwords to replace any need to explain their core concepts. Safemoon dishonesty is based around these buzzwords:

SafeMoon is a decentralized finance (DeFi) token. Its protocol includes three simple functions:

* Reflection
* Liquidity Pool (LP) acquisition
* Burn


Were you totally Wow'ed by Safemoon being DeFi? Do you know what "Reflections" are or what any Safemoon holder should expect from them/it? Doesn't the "Liquidity Pool" sound so very "risk management" oriented? Can you feel the "Burn"?

Just so you are in the know, "Reflections" are 2.5% of all transactions that are redistributed to all the other Safemoon holders ... except that all Safemoon holders bought in on the speculative presumption that the tokens are to be strictly held (not sold) because they will be increasing rapidly in value ... so they know that no one will ever be selling their tokens and thus no "Reflections" will ever be generated for redistribution to the other token holders. This is all part of the contradictory "currency that is not to be used as a currency" scam. Cryptocurrencies have "coins" and Safemoon has "tokens" because it's not a cryptocurrency.

... and there is no "liquidity pool." This is just a separate cryptowallet in which most of the 10% penalty (levied against Safemoon holders who try to sell their tokens and get out) goes. The Safemoon directors reclaim those and convert those tokens for whatever they can get for them in some other cryptocurrency that they believe will actually retain its value. The "Liquidity Pool" is actually a "Token Drain" directly into the directors' pockets.

... and there is no "Burn" function. This is a direct lie, but a necessary one. All cryptocurrencies have a "burn" function ... but Safemoon is not a cryptocurrency. It does not have its own independent blockchain (an absolute requirement) which is why they specifically advertise as something else, i.e. "DeFi." In Safemoon's case, they hijack the word "burn" that all crypto-investors associate with the standard removal of coins (into a wallet that has no key) and they use the term "burn" to refer to the directors simply removing the coins from the Safemoon pool and placing them into their own pockets.

Buzzwords ... you gotta love'em.

02-07-2021 19:15
IBdaMannProfile picture★★★★★
(9569)
I notice that Safemoon was down again yesterday and is down substantially this morning. Safemoon is gasping its final breaths, relatively speaking. I think Safemoon's days are numbered if nothing substantial changes.

I feel sorry for the unwitting participants who got sucked into the Safemoon pyramid scheme thinking it was an actual "investment." The same mindset that drew them into the pyramid scheme is now what is preventing them from simply paying the 10% fee and cutting their losses. We are watching the train wreck in slow motion and we know exactly how it will end ... with the passengers trapped inside. The sad part is that the participants are the ones trapping themselves inside; Their desperation for quick riches precludes them from accepting that they've been scammed and from cutting their losses by just paying the 10% penalty fee to get off the train.

There is no wealth on the moon. I have no idea why they rushed to seek their fortunes there.

.
Attached image:

02-07-2021 19:48
gfm7175Profile picture★★★★★
(2313)
IBdaMann wrote:
I notice that Safemoon was down again yesterday and is down substantially this morning. Safemoon is gasping its final breaths, relatively speaking. I think Safemoon's days are numbered if nothing substantial changes.

I feel sorry for the unwitting participants who got sucked into the Safemoon pyramid scheme thinking it was an actual "investment." The same mindset that drew them into the pyramid scheme is now what is preventing them from simply paying the 10% fee and cutting their losses. We are watching the train wreck in slow motion and we know exactly how it will end ... with the passengers trapped inside. The sad part is that the participants are the ones trapping themselves inside; Their desperation for quick riches precludes them from accepting that they've been scammed and from cutting their losses by just paying the 10% penalty fee to get off the train.

There is no wealth on the moon. I have no idea why they rushed to seek their fortunes there.

.

I noticed the same thing... Safemoon really does seem to be on a landslide with no end in sight... I particularly get a kick out of the participants who tell themselves lies about how much they actually gambled away to Safemoon in order to make their losses seem "not so bad".


02-07-2021 19:51
IBdaMannProfile picture★★★★★
(9569)
The thought just occurred to me, Safemoon directors could buy tokens from themselves at whatever price they like and artificially drive up the current market price and then sell those tokens short to someone other than themselves who will eat the loss when the token value plummets soon thereafter.

I have been watching Safemoon price the last few days and I see the same pattern every day. The price starts out very low yet climbs to its daily high around noon and then reaches a new low before the end of the day. When it comes to trading, this kind of coincidence makes one consider whether it even is a coincidence.

.
Attached image:

02-07-2021 20:26
IBdaMannProfile picture★★★★★
(9569)
gfm7175 wrote:I particularly get a kick out of the participants who tell themselves lies about how much they actually gambled away to Safemoon in order to make their losses seem "not so bad".

Have you ever heard of "AMWAY" ... or "Quixtar"? They are both the same thing but Quixtar is AMWAY's internet presence.

They are MLM that "allows" its participants to sell hugely overpriced products ... which barely keeps AMWAY on the legal side away from being a pyramid scheme.

However, AMWAY is run exactly as any pyramid scheme to include not allowing participants to advertise their products, making it as difficult as possible for them to sell to anyone outside the pyramid structure. It is also filled with mind games and psychological manipulation to prevent participants from leaving.

So, what I'm saying is that I should have known instantly that Safemoon is/was a pyramid scam when I read Xadoman's first post in this thread. That I took some time to realize it is embarrassing and might mean that I'm getting slow. If you have ever heard an AMWAY pitch, it sounds a lot like Xadoman's OP. "What are you going to buy when you are insanely rich?" "How are you going to spend the millions you are going to make with X?"



On 21-04-2021 @ 19:20 Xadoman wrote: Who is in and what is your "make it" car.

As you can see some of those coins could 10X or even 20x in short time. If the hungry bear 20x then I will get my car. If some of those 100x or even 1000x then I get a lot more than a car.


.
Attached image:


Edited on 02-07-2021 20:27
02-07-2021 21:49
gfm7175Profile picture★★★★★
(2313)
IBdaMann wrote:
gfm7175 wrote:I particularly get a kick out of the participants who tell themselves lies about how much they actually gambled away to Safemoon in order to make their losses seem "not so bad".

Have you ever heard of "AMWAY" ... or "Quixtar"? They are both the same thing but Quixtar is AMWAY's internet presence.

They are MLM that "allows" its participants to sell hugely overpriced products ... which barely keeps AMWAY on the legal side away from being a pyramid scheme.

However, AMWAY is run exactly as any pyramid scheme to include not allowing participants to advertise their products, making it as difficult as possible for them to sell to anyone outside the pyramid structure. It is also filled with mind games and psychological manipulation to prevent participants from leaving.

So, what I'm saying is that I should have known instantly that Safemoon is/was a pyramid scam when I read Xadoman's first post in this thread. That I took some time to realize it is embarrassing and might mean that I'm getting slow. If you have ever heard an AMWAY pitch, it sounds a lot like Xadoman's OP. "What are you going to buy when you are insanely rich?" "How are you going to spend the millions you are going to make with X?"



On 21-04-2021 @ 19:20 Xadoman wrote: Who is in and what is your "make it" car.

As you can see some of those coins could 10X or even 20x in short time. If the hungry bear 20x then I will get my car. If some of those 100x or even 1000x then I get a lot more than a car.


.


I have not heard of AMWAY (or Quixtar), but I am familiar with the "what are you going to buy?" sort of language that hooks people into such schemes.
02-07-2021 23:21
Xadoman
★★★☆☆
(546)
I do not check my wallet at all at the moment because all the cryptos are down heavily. If the main puppet - bitcoin- will start to rise again then safemoon will eat zeroes again. You see I am not obsessed with it at all - I am not a gambler. I am a hodler, I do not care about day trading. I do not get a kick out of gambling, I simply do not care about the current price. It is all or nothing for me. I have put around 700 dollars into the Bonfire and at some point its value was 6000 dollars. Safemoon was about 3000 at that moment. I did not sell because I considered it a piddle profit. I need hundreds and hundreds of thousanda or even millions to be happy with my investments and in crypto world it is possible. It is a simple math of parabolic growth which makes it possible. It would almost never be possible in a stock market. With stocks the best you get is around 10% per year which barely brakes even with the overall inflation.
03-07-2021 02:12
IBdaMannProfile picture★★★★★
(9569)
Xadoman wrote:It is a simple math of parabolic growth which makes it possible.

It's phony math. "Parabolic" is not the correct word in this case. Parabolic applies to antennas. Perhaps the word you seek is "exponential."

Xadoman wrote: It would almost never be possible in a stock market.

It is quite easy to watch yourself lose everything while you refuse to cut your losses in a poor stock market investment as well.

Xadoman wrote:With stocks the best you get is around 10% per year which barely brakes even with the overall inflation.

With stocks you can average around 15%, higher when Trump is President ... all it takes is a bit of care in your selection.

So ... hypothetically, if a 20-year-old male were to pay himself first and stash away $6,000 each year into a carefully selected IRA that manages to average 15% annual growth ... instead of blowing all his money on cryptopyramids, this would be his retirement financial picture at age 55: Total $5,287,020.94

.
Attached image:

04-07-2021 21:11
IBdaMannProfile picture★★★★★
(9569)


I propose looking at the Safemoon cryptopyramid in a new way.

The "market cap" (Market Capitalization) can tell you how many tokens remain outstanding.

Safemoon initially issued 1,000,000,000,000,000 tokens. Today's market cap of $1,809,771,973.80 and a token price hovering around $0.0000031 indicates that the directors have successfully reclaimed ~420,000,000,000,000 tokens, or 42% of the original token issue which they have converted to some other legitimate currency that is not in imminent danger of collapsing.

Meanwhile Xadoman clings to his tokens as their value evaporates, unwilling to just pay the 10% fee and cut his losses. The days are numbered of being able to find a buyer for Safemoon tokens. Eventually, Xadoman won't even be able to give away his tokens for free.

Xadoman, I recommend offering your tokens for sale at 10% above current market price (to cover your 10% penalty) and notice how the directors themselves buy up your tokens in a heartbeat.

05-07-2021 01:48
Xadoman
★★★☆☆
(546)
Xadoman, I recommend offering your tokens for sale


I am not going to sell any of my cryptos unless they moon. Remember the guy who sold for 300 bucks and 2 months later found out that he could have had 4 millions.
Also, just for information, a new video about explaining bridges:
https://www.youtube.com/watch?v=BiE3YwaYnBU&ab_channel=SafeMoonMark
Those guys continue to deliver. Remember, only about 1.5% of people around the world are into crypto at the moment. The potential for growth is immense.
05-07-2021 07:02
IBdaMannProfile picture★★★★★
(9569)
Xadoman wrote:
Xadoman, I recommend offering your tokens for sale
I am not going to sell any of my cryptos unless they moon.

That's what I wrote. You are going to ride your tokens until Safemoon crashes while you cling to the false hope that Safemoon will somehow inexplicably shoot up in value 1000x for no reason.

The bottom has already dropped out and the members of the Safemoon community are currently left holding the bag. The tokens are currently worthless to the world outside the Safemoon community. If you were to change your mind and to instead try to minimize your losses, you are running out of time to do so.

Xadoman wrote:Remember the guy who sold for 300 bucks and 2 months later found out that he could have had 4 millions.

That was a different situation. That was with a legitimate cryptocurrency. Safemoon is nothing but a pyramid scheme that has already collapsed.

06-07-2021 17:16
gfm7175Profile picture★★★★★
(2313)
Xadoman wrote:
I do not check my wallet at all at the moment because all the cryptos are down heavily.

There's a reason that you don't wish to check your wallet... (your wallet is currently like a bucket with a small hole at the bottom of it, and you are choosing to let all of your water leak out of it rather than salvaging the water that you still have by transferring it into a more reliable bucket).

Xadoman wrote:
If the main puppet - bitcoin- will start to rise again then safemoon will eat zeroes again.

Bitcoin is not Safemoon. Safemoon is not Bitcoin.

Xadoman wrote:
You see I am not obsessed with it at all - I am not a gambler.

hahahahahahahahahahahahahahahaha

Xadoman wrote:
I am a hodler, I do not care about day trading. I do not get a kick out of gambling, I simply do not care about the current price.

hahahahahahahahahahahahahahahaha

Xadoman wrote:
It is all or nothing for me.

In the case of gambling, "all or nothing" will very likely result in nothing.

A gambler tends to keep telling his/herself "just a little bit more", until that becomes "once the value gets back to the value I had it at earlier I will call it quits", until that becomes "once the value gets back to a slightly higher profit I will call it quits", until that becomes "once the value gets back to a break even point I will call it quits", until that finally becomes "****, now I'm ****ed... I should've cut my losses when I still had the chance"...

You are rapidly approaching "****, now I'm ****ed... I should've cut my losses when I still had the chance"...

Xadoman wrote:
I have put around 700 dollars into the Bonfire

Is this instance of "around 700" actually around 700, or is it like your comment on your Safemoon where you said "I have put in probably around 1500 or so, I do not remember the exact amount and the excel sheet I made is not complete"? .... Obviously, you have put in quite a bit more than 1500 into Safemoon, which was only worth around 1300 [which means a bit less than 1300] at the time of your comment, and is probably worth even less than that atm of my typing here.

Xadoman wrote:
and at some point its value was 6000 dollars.

I take it that the value of your Bonfire is nowhere near 6000 dollars anymore...

Xadoman wrote:
Safemoon was about 3000 at that moment.

Much better than the "under 1300" that it is at now...

Xadoman wrote:
I did not sell because I considered it a piddle profit.

What do you consider a $0 pay out after gambling away quite a bit over $1500??

If you were to cut your losses right now, after the 10% fee, you might be able to still recoup $1,000 and only have ended up gambling away $500 + w/e amount you refuse to be honest about rather than gambling away $1500 + w/e amount you refuse to be honest about.


07-07-2021 05:28
Xadoman
★★★☆☆
(546)
Page 10 of 10<<<8910





Join the debate Crypto investments:

Remember me

▲ Top of page
Public Poll
Who is leading the renewable energy race?

US

EU

China

Japan

India

Brazil

Other

Don't know


Thanks for supporting Climate-Debate.com.
Copyright © 2009-2020 Climate-Debate.com | About | Contact