Watching the Train Wreck in Slow Motion
| 29-08-2021 08:13 | |
IBdaMann ★★★★★(14420) |
IBdaMann wrote: ... 12 hours later ... Safemoon Price: $0.000002725  |
| 29-08-2021 16:39 | |
| IBdaMann★★★★★ (14420) |
 Just a brief recap. initially, on 16 August, I posted the following: IBdaMann wrote: ... and on 27 August I posted this Safemoon price chart:  Then, on 28 August, the much-hyped Safemoon Wallet was not released. The official spin was that due to overwhelming demand, too many attempts to download the app all at once caused a crash. The truth is that the app "download" buttons on the Safemoon website (Safemoon.net) were set to merely refresh the screen. The app was not released for distribution on any major app store. The directors began dropping the price and draining value.  IBdaMann wrote:IBdaMann wrote: We are still less than 24 hours after Safemoon Wallet was a no-show and Safemoon price ihas fallen into 26XX ... having dropped 900 SPUs. Current Safemoon Price: $0.000002656  Edited on 29-08-2021 16:41 |
| 29-08-2021 20:12 | |
| IBdaMann★★★★★ (14420) |
HODLers screw themselves when they gullibly gobble up whatever BS they are fed. https://m.youtube.com/watch?v=i22aedREktY Imagine a HODLer whose only response is "Yeah, I find that a little strange too.". It's easy to see why HODLers and their money are soon parted.  |
| 29-08-2021 20:26 | |
| IBdaMann★★★★★ (14420) |
IBdaMann wrote:IBdaMann wrote:IBdaMann wrote: Now 24 hours have passed and Safemoon is down into 25XX territory. Current Safemoon Price: $0.000002529 |
| 30-08-2021 01:47 | |
| IBdaMann★★★★★ (14420) |
IBdaMann wrote:Now 24 hours have passed and Safemoon is down into 25XX territory. This represents a drop of more than 1,000 SPUs in a little over 24 hours. The rate of price-drop has decreased, of course, but Safemoon seems to be rushing to return to its previous price level. I suppose the directors need to "shift" value somewhere else now. Question for the board: How long do you think it will take for Safemoon to fall another 1000 SPUs, returning to 15XX territory? Current Safemoon Price: $0.000002514 |
| 30-08-2021 07:11 | |
| IBdaMann★★★★★ (14420) |
IBdaMann wrote:Question for the board: How long do you think it will take for Safemoon to fall another 1000 SPUs, returning to 15XX territory? Since I posted this, Safemoon has fallen another 100 SPUs so there are only 900 left for it to get into the 15XX camp. Current Safemoon Price: $0.000002423 |
| 30-08-2021 16:28 | |
gfm7175 ★★★★★(3314) |
IBdaMann wrote:IBdaMann wrote:Now 24 hours have passed and Safemoon is down into 25XX territory. Not long at all... seemingly in a couple days or so... it's now below '2400', and rapidly falling. Current Safemoon Price: $0.00000239 Edited on 30-08-2021 16:29 |
| 30-08-2021 22:55 | |
| IBdaMann★★★★★ (14420) |
gfm7175 wrote:Not long at all... seemingly in a couple days or so... it's now below '2400', and rapidly falling. Don't forget to anticipate the obligatory rising berms that cause the price to shoot up again for appearance sake. I think Safemoon will be firmly in 23XX tomorrow.  |
| 31-08-2021 17:09 | |
| Xadoman★★★★☆ (1035) |
417693394.705 SAFEMO 28.08.2021 417815249.336 SAFEMO 28.08.2021 417978030.682 SAFEMO 31.08.2021 |
| 31-08-2021 21:05 | |
| gfm7175★★★★★ (3314) |
Xadoman wrote: Ahhhhhhhh, look at all of them worthless reflections... |
| 31-08-2021 23:52 | |
| IBdaMann★★★★★ (14420) |
Xadoman wrote: I see the glaring and totally intentional omission of your purchase data. I see you broadcasting the seven cents that you have gained, perhaps eight cents, while remaining completely silent on the tens of thousands of dollars that you have lost already and the tens of thousands more you fully intend to throw away. Post your purchase data too. Current Safemoon Price: $0.000002326  |
| 01-09-2021 00:59 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote: I would be interested in seeing this, but I highly doubt that he will ever post it. I still haven't forgotten about how incredibly dishonest he was, towards the beginning of his Safemoon chatter, about how much he had spent on Safemoon. I've now tracked down his exact words: Xadoman wrote: and my response... gfm7175 wrote: and your response to him... IBdaMann wrote: Xadoman wasn't honest about it back then, and I'm not expecting him to be honest about it now. Edited on 01-09-2021 01:00 |
| 01-09-2021 03:07 | |
| duncan61★★★★★ (2021) |
Xadoman.Post your initial amount of dollars invested and what it is now valued at.I am interested as well.My son Dayle only bought $100AUD Dogecoin for fun but it went over $400AUD and my oldest son Ben advised him to cash out as Elon Musk was about to go on some show and declare something and the price dropped by half.To be good at this you need a bit more than luck.Over 9000 coins so its hard to pick a winner.I do PLUS500 which is contracts for difference.I did US-AUD once just before I caught a train and when I arrived at my destination it was over $700 in my favor so I cashed in and had a nice lunch and day out.If you have the money to spare it can be a lot of fun.Not sure why sideshow bob and his buddy are so obsessed with what you are doing but thats their deal.My 3 sons and I are about to put $1000 each to buy a boat to go fishing and after expenses we may get lucky and catch $100 worth of fish.We are going to do it anyway cos we can |
| 01-09-2021 08:52 | |
| IBdaMann★★★★★ (14420) |
duncan61 wrote:Xadoman.Post your initial amount of dollars invested and what it is now valued at. Thank you, Duncan. Much appreciated. Xadoman would greatly facilitate honest discussion if he were to do that. Current Safemoon Price: $0.000002342 |
| 01-09-2021 12:01 | |
| IBdaMann★★★★★ (14420) |
My prediction: Later today we will enter solid 22XX territory and it will remain there (on average) for the remainder while settling firmly into 21XX tomorrow. Current Safemoon Price: $0.000002303 |
| 01-09-2021 16:34 | |
| IBdaMann★★★★★ (14420) |
IBdaMann wrote: In fact, looking at the curve, it looks to me like that should start happening around 10:00-11:00 a.m. Wisconsin time. Note that I am using the word "should." Current Safemoon Price: $0.000002310 |
| 01-09-2021 18:26 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:IBdaMann wrote: Looking about right so far... Since 9:40AM, the highest price so far has been $0.0000023 even (@ 10:15AM), so it looks to be starting to make its home in the 22XX territory. Currently, it's in the high 22XXs |
| 01-09-2021 20:57 | |
| IBdaMann★★★★★ (14420) |
gfm7175 wrote:IBdaMann wrote:IBdaMann wrote: I got it wrong. At exactly the time I predicted Safemoon would start its descent, it apparently had one more upward spike. I deserve a "no confidence" vote.  |
| 01-09-2021 21:12 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:gfm7175 wrote:IBdaMann wrote:IBdaMann wrote: Sure enough, it's back in the mid 23's now... I guess you failed. Whoops. |
| 02-09-2021 03:32 | |
| duncan61★★★★★ (2021) |
SAFEMOON SafeMoon SAFEMOON Rank #209 Token On 1,588,407 watchlists SafeMoon Price (SAFEMOON) $0.000002383 3.90% 0.000000000049 BTC0.03% 0.000000000628 ETH6.15% |
| 03-09-2021 16:40 | |
| Xadoman★★★★☆ (1035) |
My initial investment into Safemoon was under 2000 dollars. I do not remember the exact sum. The biggest part was 1000 euros, then 500 and then 150 and 100. At the beginning I made a mistake and sold some of my Safemoon( I think the amount was around 150 euros), so the overall sum is around 1600 euros which is about 1900 dollars. At the moment I am bone dry and just can not invest more into the Safemoon although the coal of mine is to get 1 billion. 417693394.705 SAFEMO 28.08.2021 417815249.336 SAFEMO 28.08.2021 417978030.682 SAFEMO 31.08.2021 418095365.214 SAFEMO 03.09.2021 |
| 03-09-2021 21:16 | |
Spongy Iris ★★★★☆(1643) |
The following story seems like a 900 lb gorilla in the room which financial markets are largely ignoring. Here is the headline: "Robinhood tanks after SEC chair tells Barron's that banning payment for order flow is a possibility" The headline seems to me a bit misleading because it puts all the focus on one brokerage: Robinhood. But the ban doesn't sound like it would just apply to Robinhood, but would be industry wide... "Securities and Exchange Commission Chairman Gary Gensler told Barron's that banning the controversial practice of payment for order flow is "on the table." Gensler told the outlet that payment for order flow — the back-end payment brokerages receive for directing clients' trades to market makers — has "an inherent conflict of interest." My thinking about this, is it would destroy all market making jobs. And if there are no market makers, then I don't imagine there would be any market. https://www.cnbc.com/2021/08/30/robinhood-tanks-after-sec-chair-tells-barrons-banning-payment-for-order-flow-is-a-possibility-.html %20(1).png)
Edited on 03-09-2021 21:26 |
| 04-09-2021 18:55 | |
| IBdaMann★★★★★ (14420) |
 Xadoman wrote:My initial [buy] into Safemoon was under 2000 dollars. What about your subsequent purchase(s)? Just give us all the data on your purchases so there is none of the ambiguity and confusion that you are intentionally spreading. Xadoman wrote:I do not remember the exact sum. You don't have to remember anything. Just post the numbers from your documentation. Xadoman wrote: The biggest part was 1000 euros, then 500 and then 150 and 100. At the beginning I made a mistake and sold some of my Safemoon( I think the amount was around 150 euros), so the overall sum is around 1600 euros which is about 1900 dollars. So just give us the dates and amounts of the purchases and of the sales and I'll do the arithmetic for you. Xadoman wrote: At the moment I am bone dry and just can not invest more into the Safemoon although the coal of mine is to get 1 billion. When one speculates with his money, he is hoping for an ROI in the currency of his money. Your goal needs to be a particular amount of Euros, not any quantity of intangible Safemoon tokens. Xadoman wrote: Once again you omitted all data surrounding your purchases, and you know that's what matters, not your reflections. This serves to earmark your insistence on spreading ambiguity and confusion. |
| 04-09-2021 20:00 | |
| IBdaMann★★★★★ (14420) |
Spongy Iris wrote:But the ban doesn't sound like it would just apply to Robinhood, but would be industry wide... The ban would be a good thing. Payment for Order Flow is a bad thing. It kills free markets in the same way that Big Tech censorship kills free flowing communication. This is the problem: Imagine you are in a free market bazaar, looking to buy a scarf for your wife. There are many vendors selling scarves and they are doing everything in their power to get your attention and to lure you to their tables. You shout over to one of them "I'm looking for a nice scarf for my wife." Four other vendors hear this and are immediately holding up beautiful scarves, waving them in the air to hopefully catch your eye. One shouts out to you "You should buy my lovely scarf, only seven shekels. The vendor next to him holds up an identical scarf and shouts to you "only six shekels here." The previous vendor shouts "Yes, only six shekels ... that's what I meant ... six shekels." A third shouts "Don't just buy your wife only one scarf. Buy her these two amazing scarves for only ten shekels and she will love you forever!" You glance over at another vendor waving a less intricate scarf but one exactly of your wife's favorite color that she has great difficulty finding. You ask that particular vendor the price of scarf and are told "three shekels." You pull out three shekels and buy that scarf on the spot and you walk away content with your purchase. Now imaging going to that same bazaar but with Payment for Order Flow instituted. You approach the market and a big burly man stops you and says "You can't go in there. What do you want?" You tell him "I'm looking for a nice scarf for my wife." He tells you that Mahmud sells the scarves you want for eight shekels apiece. You ask if you can examine Muhmud's scarves and you are told "no." You mention that you'd like to check out the wares of the other vendors, perhaps some others have scarves that might interest you. The burly man tells you that there are no other vendors selling scarves, that Mahmud's scarves are exactly what your wife wants and that they cost eight shekels. He then asks you how many you want. You give the man eight shekels and tell him you want only one. He tells you to wait where you are as he wanders over to Mahmud's table, pays Mahmud seven shekels (and keeps one for himself) and grabs whatever scarf is on the top of the pile. He brings you that scarf and asks you if there's anything else you want from the bazaar. You decline and leave feeling like you have been gyped. Addendum: On that particular day, three other people were buying scarves at the same time as you were. The big burly man happened to also want to buy a scarf for his wife as well. The burly man gathered up the shekels for the five scarves, i.e. eight shekels each from you and the three others ... and two of his own shekels because the big burly man gets a STEEP discount. Mahmud coincidentally only had five scarves in his inventory so the big burly man snagged the best scarf for himself and then distributed the remaining four to the other buyers. He didn't like you much so you got the one that was slightly frayed on one of the corners. You can see why a society would strive to outlaw/ban big burly men from restricting the free market activity of the bazaar. You can see why a society would strive to ban Payment for Order Flow |
| 04-09-2021 21:10 | |
| IBdaMann★★★★★ (14420) |
 gfm7175 wrote:Sure enough, it's back in the mid 23's now... I guess you failed. Whoops. Your response above is a great segway into my post. Look at Safemoon's 7-Day chart. BLUF: Safemoon is undead, i.e. it is alive but it is dead. Keep in mind that Safemoon is not a currency but rather is a derivative off an overarching Binance blockchain. Therefore the Binance algorithm establishes the ECG pattern that Safemoon inherits as well as providing the blockchain's component of Safemoon's trading value. On top of that, Safemoon has its own algorithm, established by the directors, which "adjusts" Safemoon's price as needed, i.e. spike upwards when someone purchases and shoot downward when someone wishes to sell. With that said, I see only nine, maybe ten, transactions involving Safemoon since the failed release of Safemoon Wallet on the 28th (which was quietly brushed under the rug without any additional commentary). It appears that one HODLer sold yesterday, causing the algorithm to momentarily drop the price to $0.000002227. My assumption is that the other handful of transactions were Safemoon directors attempting to show value at certain points. Beyond that, I don't see any other signs of life. Safemoon is still there on the Binance blockchain. There's still the ability to buy Safemoon tokens. Nobody, however, seems to be buying Safemoon and nobody is using Safemoon as a currency. Safemoon is simply "just existing" on Binance life support. Current Safemoon Price: $0.000002307 24-Hour Low:$0.00000223 24-Hour High:$0.00000236 Note: Whenever there is no funny business occurring, the difference between the 24-Hour high and the 24-Hour low is usually within 150 SPUs. That is an incredibly narrow margin, i.e. 1.5 millionths of a dollar. |
| 05-09-2021 20:44 | |
| Spongy Iris★★★★☆ (1643) |
IBdaMann wrote: Are you saying banning payment for order flow would drive down the prices of stocks, bonds, crypto currencies, and futures contracts? The thing that's different about scarves is people buy them because they have use. The only useful reason to buy stocks, bonds, crypto currencies, or futures contracts, is to sell them to somebody else for a higher price than you paid. |
| 05-09-2021 21:53 | |
HarveyH55 ★★★★★(5197) |
Seems like if people sell their SafeMoon coins, there must have been somebody buying those coins. I don't think you are allowed to return them for a full refund. Why doesn't our 'Savior' accept SafeMoon coins as donations? Obviously, it's not going to skyrocket anytime soon, if ever. Why not just make a charitable contribution, take the tax write-off, before they are completely worthless. Your donation would be saving the planet from super-volcano, earthquake, mega-hurricane. Certainly doing your part, to fight the catastrophic effects of global warming, is worth the sacrifice of a few nearly worthless SafeMoon coins. |
| 06-09-2021 05:29 | |
| IBdaMann★★★★★ (14420) |
 HarveyH55 wrote: Seems like if people sell their SafeMoon coins, there must have been somebody buying those coins. Yes, however the Safemoon directors are the ones buying them. They see the sell order, drop the price drastically, subtract another 10%, and effectively buy back the tokens. Those tokens are then deposited in the liquidity pool (a paltry few are redistributed to Xadoman and the other HODLers) and then the directors shift them out of the liquidity pool into another liquidity pool of a different "cryptocurrency" on the Binance Smart Chain. This is supposed to be a "no-no" but Safemoon is a scam and the directors are using this method to slowly drain all the value/money paid by those who bought in. HarveyH55 wrote: I don't think you are allowed to return them for a full refund. Correct. The directors drop the price for all sell orders and jack up the price for all purchase orders. The price is not set by free-market price realization but rather is arbitrarily set by the Safemoon directors who control the price just as Walmart controls the price of goods on its shelves. HarveyH55 wrote: Certainly doing your part, to fight the catastrophic effects of global warming, is worth the sacrifice of a few nearly worthless SafeMoon coins. Remember, they aren't coins. They are tokens. This means that they only exist notionally, and that their value is what the community of users agrees to accept as their value. |
| 07-09-2021 14:32 | |
| IBdaMann★★★★★ (14420) |
Question for the board, but mostly for Xadoman: Why has Safemoon returned to claiming that Safemoon Wallet is "coming soon"? This will be the third such time that Safemoon has quietly returned to announcing that Safemoon Wallet is " coming soon" after simply not delivering when promised. This most recent occurrence, the public was told that Safemoon Wallet was, in fact, delivered but that overwhelming demand caused it to crash the moment it became available. So the obvious question is, if Safemoon Wallet was delivered and merely crashed on August 28, where did it go once they reset the server? How can it be "coming soon"? It's already here, right? Yet we seem to have traveled back through time to the emergence of the Safemoon Wallet as a new project to be hyped all over again ... but for the fourth time. What am I missing? Current Safemoon Price: $0.000002014  |
| 07-09-2021 16:33 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:Xadoman wrote:My initial [buy] into Safemoon was under 2000 dollars. Yeah, I had about half of a response typed up to this intentionally vague post of his and then I decided "**** it". What I'm confused about is that on July 1st he mentioned "investing" about $1,500 in total (at that point), but now he mentioned "investing" about $2,000 initially. --- However, I'm not going to attempt to make sense out of it until he's willing to stop being intentionally vague. Idk how this stuff works, like if he can just easily look up the dates and amounts with some web clicking or looking at his wallet or whatever, but even without that he should be keeping track of his financial transactions and should be able to say something along these lines: 7/1/21: PURCHASED $1,500.00 7/4/21: PURCHASED $500.00 7/17/21: SOLD $500.00 It's not difficult to do, but he's just being dishonest with himself (and to us in extension). |
| 07-09-2021 16:49 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:gfm7175 wrote:Sure enough, it's back in the mid 23's now... I guess you failed. Whoops. I just pulled it up this morning and noticed that the sucker was just one big long flat line until yesterday morning when it "shifted down". -- This morning it appears, at the moment, to have "shifted down" again (to the $0.000002 area), but I won't speak too soon. IBdaMann wrote: It's quite incredible, isn't it?! |
| 07-09-2021 18:45 | |
| IBdaMann★★★★★ (14420) |
So Safemoon is dropping like a rock again. When it isn't dropping like a bunker buster (vertically) it remains totally horizontal. How does that work?  Current Safemoon Price: $0.000001765 |
| 08-09-2021 00:18 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote: It works "very carefully". Take that however you wish. |
| 09-09-2021 02:45 | |
| IBdaMann★★★★★ (14420) |
Of course no one will believe this but over the previous 24 hours, Safemoon has been in strictly horizontal mambo mode within a narrow 180 SPU band. In order to not have an essentially flat line, the chart's vertical axis is graduated in mere 20 SPU increments. Over the past seven hours, the price has varied by only 60 SPUs. Only 60. There is nothing going on. There is nothing to see here. Move along people. Show'z ov-ah!
Attached image:  |
| 09-09-2021 16:18 | |
| gfm7175★★★★★ (3314) |
That's why I've been less tuned into it as of lately... There's been nothing happening. Sure, there's a "step up" or a "step down" once in a while... sure, there's an algorithm that feigns free market activity, but there seems to be all but no genuine activity by interested "investors" (wink wink)... |
| 09-09-2021 23:44 | |
| Xadoman★★★★☆ (1035) |
Hey IbdaMann, you are an IT guy. You should join the team and help them out with releasing the wallet. Imagine how many people you are going to make happy if the Safemoon finally moons! |
| 10-09-2021 01:54 | |
| IBdaMann★★★★★ (14420) |
Xadoman wrote:Hey IbdaMann, you are an IT guy. You should join the team and help them out with releasing the wallet. There is no wallet to release. Hype surrounding a "Safemoon Wallet" is entirely for the digestion of gullible HODLers. There is no intention on the part of the Safemoon directors to devote any resources to producing a wallet for a pyramid scheme from which they are draining all the value, a pyramid scheme that is already effectively dead. Looking at the Safemoon price chart it doesn't appear that there has been any Safemoon activity within the last 24 hours. All I see is the ECG inhereted from the Binance Smart Chain. Ask me how I know that you haven't sold any Safemoon within the last 24 hours. The Safemoon directors lied for months about endeavoring to produce a Safemoon Wallet. They just kept announcing delays after delays until August 28th when they put icons on their website that simply refresh the screen, knowing that Safemoon HODLers are simply too stupid to realize they are being scammed, no matter how obvious and brazen. The Safemoon directors announced that the Safemoon "family" simply crashed the system, confident that the HODLers are too stupid to ask why the server was simply not reset or why they did not simply increase the max number in the autoscaling group. The HODLers were content to just let the issue evaporate and be forgotten. Xadoman wrote:Imagine how many people you are going to make happy if the Safemoon finally moons! Imagine how many people will be happy if the 2nd law of thermodynamics gets too tired to continue and everybody can get all the energy desired from the ocean. Neither is going to happen. Neither can happen. The supply-demand curve explains why Safemoon is essentially already dead. Update: Safemoon just bottomed out again. Current Safemoon Price: $0.000001464 Xadoman, how many Safemoon tokens do you have? |
| 10-09-2021 02:30 | |
| James___★★★★★ (5513) |
Be nice IBnotDaMann. Someone does win the lottery. What hasn't been said is that since Safemoon operates as bitcoin does, where is its income coming from? With Bitcoin, they state as the number of mathematical problems needing to be solved decreases, their value increases. Just a basic pyramid scheme. It's entirely possible that a Bitcoin crash is coming. It's value is based on creating wealth above what can be expected. It feeds off of greed on a large scale. ie., fewer mathematical requires less computing power. I remember when such systems were first used. My pc didn't have enough memory or a fast enough chip to be used for such uses. And now it's a business with a dwindling customer base. Basically why I find such discussions a waste of time. Today's computer speeds and processing power minimize the need for more computer resources. That is what would fuel growth and increase revenue. Xadoman, the bubble will burst. I can't say when but it will happen. Just be prepared. Edited on 10-09-2021 02:32 |
| 10-09-2021 03:33 | |
| gfm7175★★★★★ (3314) |
Xadoman, What was the date of your initial donation? What was the amount of your initial donation? What rate did you buy your tokens at? I want to know how much you've lost... |
| 10-09-2021 04:12 | |
| IBdaMann★★★★★ (14420) |
James___ wrote: What hasn't been said is that since Safemoon operates as bitcoin does, ... Safemoon does not operate as Bitcoin does. Bitcoin is a legitimate cryptocurrency. It has its own blockchain. There is transparency. Its price is determined by free-market trading. Safemoon is not a cryptocurrency; it is a scam disguised as a cryptocurrency. Safemoon does not have its own blockchain and therefore cannot be a currency but at most a derivative of some other currency. There is no transparency with Safemoon and the price is determined by an algorithm and established arbitrarily by the directors; the price is raised substantially when someone wishes to buy Safemoon tokens and the price is lowered drastically when someone places an order to sell. Safemoon directors are draining the value of Safemoon as I write this. James___ wrote: Basically why I find such discussions a waste of time ... ... because you don't fully understand the subject matter. James___ wrote: Xadoman, the bubble will burst. I can't say when but it will happen. Just be prepared. The bubble has already burst. Xadoman bought at $0.0000056XX and the price has declined to $0.0000016XX at the moment. It plummeted to $0.0000014XX but then it bounced like a airborne ranger whose chute doesn't open. There hasn't been any actual Safemoon activity for more than 24 hours. |
Join the debate Watching the Train Wreck in Slow Motion:
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