Yes, the "great up-spike growth" is coming now. This is almost as good as the person who announces they sold everything at the top. Does anyone say anything that sounds marginally true?
All in all, I've done well with Safex. Bought it during the first pump so I overpaid and averaged down to 280-290 with around 1.3mm at my peak. Sold some off between 600-700 but always like Daniel. He's tireless, smart and someone who won't quit and has put his own money into the project. I peeled all the way down to 200k and managed to buy and sell some during the wallet deal. I've since bought more on the dip down, below 400 to now.
I tried to warn people but no one seems to listen. You either dig this project, the management team or you don't. Right now, you see a large sell order and everyone has to sell below that number. On the other side, the same people are buying it. I don't know how people don't catch on.
This is a decentralized exchange that pays dividends. This is a tech development team that has done well with the funding they have had. They are not seasoned corporate officers, there is no PR department nor figurehead that caters to shareholders. They are technology people and should the company experience growth, they'll have people who will release press statements, never tie down software engineers to unrealistic dates, particularly on the road. Safex will function like a built out business, the proverbial full suite of offerings, single-source end-to-end solution yadda yadda yadda.
Should Safex get to that place, and I believe it has a better shot than most, it will be much much more expensive to buy. As for me, I'm back to close to 700k and should the price stay this low, may make it up to 2mm. Between now and the end of the year, there won't be a lot that will happen. No huge announcements, save for the release of the network if it's finished by then. This coin will go off the radar between now and then.
People in crypto world buy into meaningless news. Coins announce that they're going to announce something and the coin goes up. Truth. Safex won't likely have a ton to say for a few months. Expect people to sell for no reason as bigger players to accumulate and keep the price down. They will add to their stack for next to nothing in price. They'll take profits as the coin tries to rise. When it can't move past the sell walls, people will get frustrated and sell it for a low price and people re-accumulate more and more, just taking money from people over and over.
I try to be honest and straight forward and help people who aren't investment savvy or maybe don't have business experience...may not know much about run rates, pathways to profitability and the nomenclature that each industry is shrouded in. Still, it does nothing. At this point, I may just go be one of the accumulators but it genuinely sucks to take and make money off of people who may believe in this project or at the very least, hoped to profit from it. People who don't have money to lose are going to be ripped off over and over and that sucks. The maxim, "a fool and his money soon part," is unfair because many people simply don't know or don't have the needed to support to be patient.
I have not made money off of this coin because the company grew or gained special recognition of any kind. I made money largely because people have lost money and it doesn't have to be that way. We're not talking about day traders here. Fucking shame.
