Watching the Train Wreck in Slow Motion
| Watching the Train Wreck in Slow Motion05-07-2021 19:57 | |
IBdaMann ★★★★★(14401) |
Get your tickets to the show. Get in early and get a front-row seat. The Safemoon collapse has begun and everybody is invited to watch. Safemoon price has been on a steady decline since mid-May when the world awakened to the realization that Safemoon was just a pyramid scheme disguised as a cryptocurrency. The price at that point was over $0.00001 (four zeroes) and began to steadily drop until about two weeks ago when the price drop somewhat flattened and seemed to be trying to land at $0.000003 (five zeroes). Well, over the last couple of days, the price has been sputtering right around $0.000003, often falling below before coming back up for air. This morning, Safemoon spent most of the morning below $0.000003 ... not that that is any sort of magic number but it is making an excellent reference point for analyzing recent activity. We have now reached the point whereby the Safemoon pyramid collapse is occurring before our eyes. Those stuck in the pyramid are scrambling to get get out and to cut their losses but they must find new gullible "recruits" who will buy in to be left holding the bag. With every day that passes this becomes more and more difficult because more and more people are learning about the Safemoon scam. So let's watch Safemoon while it implodes and see what we can learn. . Attached image:  |
| RE: Safemoon Background05-07-2021 20:01 | |
| IBdaMann★★★★★ (14401) |
Safemoon Background . Attached image:  |
| 06-07-2021 00:28 | |
| IBdaMann★★★★★ (14401) |
Let's define a term to make discussion easier. Left's define one "SPU" (Safemoon Price Unit) as one ten-millionth of a cent (of a US dollar). For example, I can now say that Safemoon's price finally climbed back over the $0.000003 baseline reference mark by 46 SPUs to $0.000003046. So, yes, Safemoon fought hard and nudged back up to the reference line. Of course, in the time it took me to write the preceding sentence the price dropped 2 SPUs to $0.000003044. . Attached image: 
Edited on 06-07-2021 00:57 |
| 06-07-2021 07:06 | |
| IBdaMann★★★★★ (14401) |
Well, Safemoon didn't make it to the moon today. It transitioned into Tuesday at $0.000003006, just a nudge above the day's low of $0.00000295. Let's see what the new day holds. . Attached image:  |
| 06-07-2021 17:32 | |
gfm7175 ★★★★★(3314) |
At 9:30am CST (07/06/21), it is 8 SPUs above its baseline. Still not looking good... |
| 06-07-2021 22:42 | |
| gfm7175★★★★★ (3314) |
gfm7175 wrote: Holy crap!! Safemoon is suuuuure making an upward surge!!! It is a whole 37 SPUs above baseline atm!!! Xadoman is gonna be cashing in big now, just you wait!!! |
| 06-07-2021 22:57 | |
| IBdaMann★★★★★ (14401) |
gfm7175 wrote:gfm7175 wrote: I just tuned in and at the moment, Safemoon is riding strong at 51 SPUs over baseline, i.e. $0.000003051 ... except in the time that it took me to write the preceding sentence, Safemoon dropped 26 SPUs to $0.000003025 I find it odd that today's low ($0.00000295) is the same as yesterday's low. What are the odds of that happening in a non-fixed/non-manipulated market? Oooops, I turned my attention away for just a moment and Safemoon's price dropped below baseline to $0.000002979 [edit] It just dropped another 12 SPUs to $0.000002967. I want to see if it can get lower than the previous day's low. [/edit] Attached image: 
Edited on 06-07-2021 23:00 |
| 06-07-2021 23:22 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:gfm7175 wrote:gfm7175 wrote: Damn... I guess Xadoman is SOL regarding the earlier "rally"... Even the $0.000002967 number that you noted earlier is higher than it currently is as I am typing this out to you ($0.000002960) ... Looks like Safemoon is in a free fall for the rest of today...?? We'll have to see... But as of right now, it is 40 SPUs below baseline... Edited on 06-07-2021 23:36 |
| 06-07-2021 23:46 | |
| IBdaMann★★★★★ (14401) |
gfm7175 wrote:IBdaMann wrote:gfm7175 wrote:gfm7175 wrote: In looking at the Safemoon "bigger picture" ... just over a week ago, Safemoon's price was firmly in the $0.0000034XX range, fluctuating but rooted in that neighborhood. Then a few days ago the baseline was $0.0000032XX, fluctuating but rooted in that neighborhood. Yesterday and today the baseline is $0.0000030XX ... for example right now the price has nudged up back over the (new) baseline to $0.000003011. Basically, Safemoon is averaging a roughly 35 SPU drop in price baseline daily. Oooops, it's back down to $0.000002984 Safemoon holders have to see the writing on the wall. To not see it has to be totally willful blindness. Let's see if in three days Safemoon's price is hovering around $0.0000029XX Attached image:  |
| 07-07-2021 01:02 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:gfm7175 wrote:IBdaMann wrote:gfm7175 wrote:gfm7175 wrote: I'm interested in keeping an eye on this too... If this steady downward trend continues, I agree that the baseline will be $0.0000029XX in the next few days. Poor Safemoon holders... |
| 07-07-2021 05:14 | |
| Xadoman★★★★☆ (1035) |
Poor Safemoon holders...  |
| 07-07-2021 17:26 | |
| IBdaMann★★★★★ (14401) |
Xadoman, I have great news for you! After spending a bunch of time this morning submerged below $0.00000299, Safemoon has effectively fought to come up for air and is currently enjoying 14 SPUs of breathing room above the $0.000003 baseline. You must be celebrating all the false hope this generates to which you can cling. [EDIT] That was short-lived. It has been back under the $0.000003 threshold for a while now. [/EDIT] . Attached image: 
Edited on 07-07-2021 18:08 |
| 07-07-2021 23:03 | |
| gfm7175★★★★★ (3314) |
It looks like it has been going a bit above and a bit below the baseline value today... currently it is a bit above the baseline value again. I wouldn't be surprised if it closed today at a bit below baseline value. |
| 08-07-2021 01:24 | |
| Xadoman★★★★☆ (1035) |
I already want to see how IBdaMann and gfm are coping when Safemoon eats a couple of zeros |
| 08-07-2021 01:32 | |
| IBdaMann★★★★★ (14401) |
 Xadoman wrote:I already want to see how IBdaMann and gfm are coping when Safemoon eats a couple of zeros ... just like you'd probably like to see how we cope with gold bullion raining down from the sky ... and other phenomena that aren't ever going to occur.  Attached image: 
Edited on 08-07-2021 01:33 |
| 08-07-2021 02:20 | |
| IBdaMann★★★★★ (14401) |
Xadoman wrote:I already want to see how IBdaMann and gfm are coping when Safemoon eats a couple of zeros gfm7175, Xadoman has a valid question. How will we react when Safemoon eats a couple of zeros? I can easily see Safemoon going from $0.00000311400 to $0.000002862 rather quickly. Are we ready to eat crow?  |
| 08-07-2021 16:37 | |
| gfm7175★★★★★ (3314) |
Xadoman wrote: By "eat a couple of zeros" do you mean "cough up another zero"? ATM of my typing this, Safemoon is 71 SPUs below baseline... not looking good... before long, the baseline will have to get moved down to $0.0000029X Oh wait, good news for you... now it's only 55 SPUs below baseline.... Oh wait, but the bad news is that it dipped down below $0.0000029X at times during this early AM, so it seems to me like the baseline will be moving down pretty soon here if current trends continue... poor Xadoman... Oh wait, now back down to 65 SPUs below baseline... damn... |
| 08-07-2021 16:46 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:Xadoman wrote:I already want to see how IBdaMann and gfm are coping when Safemoon eats a couple of zeros I'll eat crow to that! It appears that it is already quickly working its way down to $0.000002862... It's already down to $0.000002933 atm, which is 67 SPUs below baseline. It has even dipped into the $0.00000289X range a few times this very early morning. You were right Xadoman; a couple of zeros are definitely getting eaten up... too bad it's off of the tail end instead of the front end... If anything, Safemoon appears poised to eventually cough up another zero on the front end... poor Xadoman... |
| 08-07-2021 18:05 | |
| IBdaMann★★★★★ (14401) |
gfm7175 wrote:I'll eat crow to that! It appears that it is already quickly working its way down to $0.000002862... It's already down to $0.000002933 atm, which is 67 SPUs below baseline. It has even dipped into the $0.00000289X range a few times this very early morning. Yep, it's looking like the $0.000003 baseline is a thing of the past. Let's keep monitoring but it appears to me that we will soon need to establish $0.0000029 as the new baseline ... which is quite a testament to the Safemoon directors since the pyramid has already collapsed. Their obvious ability to maintain the appearance of "normal operations" and to string participants along with continuous false hope that Safemoon price will somehow increase in price from $0.000003 to $1.00 is an achievement to be recorded in history. . Attached image: 
Edited on 08-07-2021 18:06 |
| 08-07-2021 22:24 | |
| IBdaMann★★★★★ (14401) |
Safemoon did it! It rose above $0.000003 today! I watched it with my own eyes. It struggled and fought and kicked ... and it made it ... for about a minute before it was pulled under like the beginning of a Jaws movie. Safemoon is currently submerged by 18 SPUs, in case anyone was wondering. . Attached image:  |
| 09-07-2021 00:17 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote: Absolutely LOVE the graphic!! It seems that the "appearance above the surface" was only to get a quick "gasp of fresh air" before being submerged to $0.000002963 (37 SPUs "below sea level"). Safemoon seems to be a swimmer on the verge of drowning, violently struggling to get back to the surface to get a quick gasp of air before getting sucked back down towards the hungry shark awaiting below... [EDIT] It is now 44 SPUs "below sea level" ....... [/EDIT] Edited on 09-07-2021 00:24 |
| 09-07-2021 00:26 | |
| gfm7175★★★★★ (3314) |
... now 57 SPUs "below sea level" ... Damn... Xadoman just can't catch a lasting break above sea level, let alone "eating a couple zeros"... pretty soon the SHARK will be "eating" HIM. Edited on 09-07-2021 00:29 |
| 09-07-2021 01:24 | |
| IBdaMann★★★★★ (14401) |
 The whole Safemoon pyramid scam got me looking at Global Warming in a new way. I noticed that those who have been sucked into the scam (who have actually paid money to participate) are quickly brainwashed into referring to anyone applying critical thinking as "charlatans peddling FUD." "FUD" is a buzzword invented specifically for the Safemoon community. It is used to mindlessly dismiss any and all information that is counterproductive to the scam. It stands for "Fear, Uncertainty, Doubt." This acronym is hurled exclusively by scam participants, exclusively for the benefit of other scam participants, to keep them from losing faith and more importantly, to keep them from leaving. It builds on the concept of virtue-signalling. All people declared to be peddling FUD are labelled as "discredited." Then it occurred to me ... this is the exact same mindless dismissal in which warmizombies engage whenever science is presented, and it is always hurled to keep other warmizombies from listening ... and more importantly, to keep them from leaving the Church of Global Warming. Perhaps this type of dishonesty should be given a name and identified as one of the tell-tale signs of a scam. If anyone has any ideas for what we should call this kind of Venus Fly Trap that entices people to get involved in a scam in which, surprise!, they are actually the intended victims, and then does a psychological full court press to keep them from ever leaving, I'm open to suggestions. By the way, I highly recommend this video for everyone to watch as an exemplar of a very aggressive version of the above-mentioned phenomenon. Keep in mind that the person being critiqued in the video gave a truly accurate, honest and clear assessment of Safemoon, and that the maker of this video offers no support for his attacks except to hurl the buzzword "FUD." https://www.youtube.com/watch?v=ARuxp8Va0bw I also highly recommend the original critiqued video in its entirety to get the whole big picture. Note: the maker of this video errs in referring to Safemoon as a cryptocurrency ... but then corrects himself by fully explaining how Safemoon doesn't even have its own block chain. He also errs by referring to Safemoon as a Ponzi scheme which it is not. It is a pyramid scheme, not a Ponzi scheme. Fortunately, he accurately explains all this as well. https://www.youtube.com/watch?v=BYJ8n71du5g Edited on 09-07-2021 01:25 |
| 09-07-2021 03:41 | |
| IBdaMann★★★★★ (14401) |
Ouch! Today was a bad day for Safemoon. Of course Safemoon has been on a steady decline for the past two months but today confirmed Safemoon's unwavering downward momentum, appearing unable to maintain a price above $0.000003 where it had previously always resided. Xadoman, you are obviously clinging to some piece of information that has you convinced that Safemoon will somehow shoot up in price manyfold. Would you mind sharing that information with this board? Anyway, if things don't change tomorrow, I suggest we move up our downward transition of the Safemoon baseline to $0.0000029 rather than wait three or four days for no reason. Any objections? Current Safemoon Price: $0.000002902 Edit: Current Safemoon Price: $0.000002827 (the day's new low) Edit: Current Safemoon Price: $0.000002825 (the day's new low)
Edited on 09-07-2021 04:11 |
| 09-07-2021 16:14 | |
| IBdaMann★★★★★ (14401) |
Ouch again. Safemoon is off to a terrible start today. Looking at the chart I am inclined to readjust the baseline to $0.0000028 I'll give it a few hours to see if I see any signs that would cause me to change my mind. Current Safemoon Price: $0.000002873 . Attached image: 
Edited on 09-07-2021 16:16 |
| 09-07-2021 16:50 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote: Yup, I took a gander at it just now... holy crap did Safemoon take a shitter after 5pm... I think it's safe to move the baseline down to $0.0000029 immediately, but if you'd like to wait a day just to make sure.....??? It's currently at 22 SPUs below the above proposed baseline... [EDIT] make that 33 SPUs below it... |
| 09-07-2021 16:55 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote: Yeah, let's give it a few hours on that one, and if there aren't any signs to the contrary, then it'll likely be safe to skip a step and move the baseline right on down to $0.0000028 ... not looking good for the pyramid scheme suckers... |
| 09-07-2021 17:26 | |
| IBdaMann★★★★★ (14401) |
gfm7175 wrote:Yeah, let's give it a few hours on that one, and if there aren't any signs to the contrary, then it'll likely be safe to skip a step and move the baseline right on down to $0.0000028 ... not looking good for the pyramid scheme suckers... That's what I was thinking. Sage advice. We'll check in a few hours and take the necessary steps. How are there still people pretending to "cling to hope"? 1) What market force does anyone believe can cause an increased price to be realized for essentially worthless tokens that do not have their own blockchain? 2) Why would anyone buy a currency to hold it ... not to use it as a currency? 3) Who believes that one can get a 100,000% ROI in seven months (Go to the MOON) with essentially zero risk (SAFE)? 4) Who would buy into a currency whose directors will simply not disclose the maximum supply? 5) Who actually believes that a 10% penalty for each transaction conducted in a particular currency will increase acceptance and use of that currency? 6) Who would understand 2) and 5) above and not recognize the Safemoon schtick of "we encourage people to hold and to not sell" as a trap that is designed to prevent people from leaving the pyramid? 6a) Who doesn't recognize his own desperation as a cue to just get out and cut his losses rather than as motivation to become more aggressive with friends and family to get them to buy into the scam as well? 6b) Who really considers himself an "investor" for jumping into a pyramid scheme? Current Safemoon Price: $0.000002880 . Attached image: 
Edited on 09-07-2021 17:29 |
| 09-07-2021 18:52 | |
| gfm7175★★★★★ (3314) |
Very good questions to ask... but hey, maybe this is finally Xadoman's big break... Safemoon has skyrocketed upwards, peaking at $0.000002955 before coming back down a little bit... Let's keep an eye on this latest development and see if Safemoon can hold above the $0.000002900 mark for any extended period of time (after spending much of today below it)... [EDIT] outside of some wild up and down jumps (above and below $0.000002900), Safemoon appears to be holding a bit above the $0.000002900 mark for the time being... Will this gasp for dear life hold into the early afternoon?? Will Safemoon take a big afternoon crapper?? Stay tuned to find out! Edited on 09-07-2021 19:32 |
| 09-07-2021 19:27 | |
| IBdaMann★★★★★ (14401) |
gfm7175 wrote: Sorry, but Safemoon is back down at $0.000002897 and dropping. There is nothing to propel it upwards except perhaps momentary manipulation by the directors. This seems to be why Safemoon has been moving steadily downward for the last six weeks. Any momentary gains are met with steeper declines. OK, it's back to $0.000002912. How long can it remain 29XX before going back to 28XX? A few minutes perhaps? Let's see. Attached image:  |
| 09-07-2021 19:41 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:gfm7175 wrote: My guess is, after a bit of flailing, Safemoon will be back down to fairly consistent 28XX's by the early afternoon... and closer to $0.000002800 rather than $0.000002900 by night time. Let's see if Safemoon can outperform my expectations for it. Unfortunately for Xadoman, the days of being above the $0.000003000 mark appear to be a thing of the past... |
| 09-07-2021 22:46 | |
| gfm7175★★★★★ (3314) |
The first part of my expectations is coming true... It is the early afternoon and Safemoon has already come down to fairly consistent 28XX amounts (currently at $0.000002855).... It has had a lot of violent upswings and downswings today, but still seems to be on a downward trajectory overall... |
| 10-07-2021 04:30 | |
| IBdaMann★★★★★ (14401) |
gfm7175 wrote:The first part of my expectations is coming true... It is the early afternoon and Safemoon has already come down to fairly consistent 28XX amounts (currently at $0.000002855).... It has had a lot of violent upswings and downswings today, but still seems to be on a downward trajectory overall... I'm going to load today's Safemoon activity here to discuss it in the next post. With the exception of just short of a 10-minute time span (ending just after 1800) Safemoon spent the entire day today, and most of yesterday, specifically under $0.000003. I think we need to shift the baseline. Attached image:  |
| 10-07-2021 04:44 | |
| IBdaMann★★★★★ (14401) |
gfm7175 wrote:The first part of my expectations is coming true... It is the early afternoon and Safemoon has already come down to fairly consistent 28XX amounts (currently at $0.000002855).... It has had a lot of violent upswings and downswings today, but still seems to be on a downward trajectory overall... OK, I have come to a conclusion. For the reason you cited, we need to adjust the baseline to $0.0000028XX and here's why ... A few short weeks ago, Safemoon was trading $0.0000034XX. Yes, it fluctuated but remained above $0.0000032, and of course it remained above $0.000003 by a comfortable margin ... but the price was inching downward. It was not long before Safemoon price was $0.0000032XX, remaining above $0.000003. We just finished watching Safemoon dance around $0.0000030XX until now Safemoon barely got its nose above water for only a few minutes. This represents a visible observation that can be easily discerned by the human eye without any need for expert explanation. Safemoon is marching steadily downward with no forseeable hope of any recovery. So, I propose that we adjust the baseline to $0.0000028 and we monitor for an equivalent day that Safemoon spends the entire day under this baseline. How much time are we talking about? One week perhaps? Anyway, let's see. In conclusion, let's go with a new baseline of $0.0000028 and let's just watch Safemoon play "How low can you go?" It should be entertaining. Really. Attached image:  |
| 10-07-2021 11:47 | |
| gfm7175★★★★★ (3314) |
IBdaMann wrote:gfm7175 wrote:The first part of my expectations is coming true... It is the early afternoon and Safemoon has already come down to fairly consistent 28XX amounts (currently at $0.000002855).... It has had a lot of violent upswings and downswings today, but still seems to be on a downward trajectory overall... I'm on board with that new baseline. Safemoon spending just under 10 minutes above water before being pulled back down does not convince me that the baseline should remain at sea level... obviously it has fallen below that. As for $0.0000029, while Safemoon has indeed spent time above that mark, violently flailing around, it has already spent far too much time below that mark, as we've noted earlier. Given that, along with our observation of the downward trajectory that Safemoon has been on over the last number of weeks, $0.0000028 seems to be the new baseline for the time being. As you noted, the time spent above water today was VERY short lived (a matter of minutes)... 2.5 hours afterward, Safemoon had already dropped back down below the $0.0000029 level, over 100 SPUs below sea level. As I am finishing this response, noting my observations for the day, Safemoon is sitting at $0.000002890, or 90 SPUs above the new baseline (110 SPUs below sea level). Let's keep a close eye on this... the Jaws theme is already playing louder and faster... Edited on 10-07-2021 11:52 |
| 10-07-2021 23:31 | |
| IBdaMann★★★★★ (14401) |
gfm7175 wrote:I'm on board with that new baseline. Safemoon spending just under 10 minutes above water before being pulled back down does not convince me that the baseline should remain at sea level... obviously it has fallen below that. As for $0.0000029, while Safemoon has indeed spent time above that mark, violently flailing around, it has already spent far too much time below that mark, as we've noted earlier. Given that, along with our observation of the downward trajectory that Safemoon has been on over the last number of weeks, $0.0000028 seems to be the new baseline for the time being. I think that's a good call. $0.0000030 was a great baseline for observing Safemoon's decline because the price was clearly above that mark with a comfortable margin and now, as you can see, Safemoon price is entirely below the mark. Now we look at $0.0000028 as the new baseline and we see that Safemoon price is riding entirely above it. Our analysis indicates that we should soon (i.e. roughly one week) see Safemoon price riding entirely below the new baseline. When results bear out our prediction we can be assured that simply adjusting our baseline downward yet again will simply have the same result. . Attached image:  |
| 11-07-2021 07:01 | |
| IBdaMann★★★★★ (14401) |
It's official, Safemoon spent the previous 24 hours strictly under $0.0000030 The HIGH was $0.000002950 The LOW was $0.000002810 . Attached image: 
Edited on 11-07-2021 07:05 |
| 11-07-2021 07:44 | |
| IBdaMann★★★★★ (14401) |
Safemoon price is already solidly $0.0000028XX . Attached image:  |
| 11-07-2021 17:46 | |
| gfm7175★★★★★ (3314) |
Kudos on the graphics yet again... they're always good for a laugh! I expect that soon we will observe (if not already the case) that getting above the $0.0000029XX mark will be a rather rare occurrence, if ever... so it shouldn't be very long now before we start seeing dips below the new baseline... Edited on 11-07-2021 17:48 |
| 11-07-2021 21:04 | |
HarveyH55 ★★★★★(5197) |
Sort of starting to wonder if SafeMoon is actually a cryto-scam, like the other coins. The others were design to attract the instant gratification investors. SafeMoon has struggle from the start, like most startup businesses. Most startups fail the first year. Takes 3-5 years to start showing a profit. Could SafeMoon be failing, because they are trying to be legitimate, in a scam environment? The transaction fees are a killer to deal with. The lack of instant-gratification investors, who aren't willing to wait out the first 3-5 years. Most investors (stocks) don't really give a crap about the companies, or the products, just the growth and profits. |
Join the debate Watching the Train Wreck in Slow Motion:
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