SafeExchangeCoin opinion

[emmaloops]

Thoughts on the safe exchange coin? Just bought some while they are down curious on what more experienced traders have to say

Thanks

[Kril]

Not an experienced trader so just some uninformed opinion.

Based on my research so far this is an extremely risky investment.
They haven't produced anything yet apart from hype.
Looking over the project Github there seems to be little to nothing happening for the past two months.
They promised a wallet release 2 months ago and have so far failed to release it. No commits since June
No work on their chili blockchain. No commits since April.

Buying while its 200% up on zero information seems a risky bet to make.

[dadonn]

I jumped in after the initial pump. As previous poster stated, it's a risky bet without more information and still risky thereafter. I like the fact that Dabek was hired to build a blockchain for a private institution and delivered. Moreover, I like his approach to problem solving. In the realm of venture capital there is an expression, "we invest in people not ideas." I typically don't like such big floats but the 2 billon and change coins are an homage to Mersenne's prime. The short term risk/opportunity is that it cracked the top 100 and appears to be getting on the radar. Could bump the price and give pause as to when and where to get in. Conversely, we don't know if the numbers are going to hold up. Reality is if that you're hoping to make 10x plus on an investment in the near term, then you must be willing to assume risk.

[TuckJeezyKEK]

I would rebuy at 250 if it hasn't already dipped that low

[dadonn]

I would rebuy at 250 if it hasn't already dipped that low

Well, you can sneak now at 225. I'm taking it in the can on this one. Good lord. I'm not sure if the fact that I actually believe in this coin makes me feel better or worse.

[ophyrim]

I am one of the long term investors of this coin. I know the risk, I know the wallet problems etc... But this coin is at the start and the future expectations are just unbelievable. I don't put my all money to this coin of course. But I think this coin must be everyone's wallet with a small amount for now. If the dev. keep his promise you can increase the amount in your wallet. The potential of this coin is very very brilliant.

[Xprim777]

I bet on 1k sat+ longterm. I bought between 70 and 200 sat, sold all at 350  I will rebuy between 135 and 200 sat, depends on how low can it go.