Thoughts on SafeMoon?

[john8chop]

Looks like vaporware to me, still pretty hard to get hands on it. Why's it blowing it up? I've also seen some very similar posts from scummy youtubers on Twitter, think they're paying them to post about it? idk, reminds a lot of those ICO promises. You guys buying it?

[Bitbtc8]

Do your own research, if you aren't convinced about the project just walk away, yesterday someone asked me if he should buy it, 1 million pieces of that token costs just 7$ to 8$ as of yesterday, really worthless right now but it did 100% too, I went to the official website and the team are chilling about burning the token supply, the fact is this is a high risk investment, might as well worth it, just risk only what you can afford to lose

[bitcoinsc]

I been seeing all over fb group and the internet. I bought in at bitmart but u cant withdraw without uploading selfies. I had money in the account a few years ago.. that never did verify..I got in $300. Hoping it can go to the moon from here. Maybe 3 yrs. I'll try not to sell even if 80% lost..

[Cappex]

I read numerous comments on twitter under posts by influencers who make me look elsewhere, I find that spam much too intrusive and therefore I decided to avoid any involvement.
We have seen that the community is important but not the bots.

[ololajulo]

what is the link to the safemoon website and social media pls?
Have not decided on my position on the coin but I always want to follow any trending coin and do my research not to miss out if it is worth investing, most especially if it is early and cheap

[blockman]

I won't buy it.

what is the link to the safemoon website and social media pls?

(https://safemoon.net)
At the top right of the page, you'll see those social media accounts that they own. They don't have an announcement thread on the forum? I now understand why this coin is mooning, it's because of those YouTubers that have been advertising the coin. Although, I haven't watched one because I rarely watch YT videos related to crypto.

[Scorpion]

I like the news that it will be on two more exchanges tomorrow, and will launch their own exchange soon.

It's static staking so HODL'ers are rewarded. I like long term holding so that's why like this project a lot.

[deathcode]

I won't buy it.

what is the link to the safemoon website and social media pls?

(https://safemoon.net)
At the top right of the page, you'll see those social media accounts that they own. They don't have an announcement thread on the forum? I now understand why this coin is mooning, it's because of those YouTubers that have been advertising the coin. Although, I haven't watched one because I rarely watch YT videos related to crypto.

I am surprised that at this time we can see some new tokens with the BSC network coming up and creating hype in the market.
their popularity quickly spread in the crypto community.
their value is very cheap and comes in a very large supply. I'm not sure they will last long in the crypto market.

[Princeofpoetry]

SafeMoon is now viral even though many Safemon supporters are expecting it to be listed on Binance. my friend has bought this coin, for now it's better to do a mini research before investing

[TribalBob]

I won't buy it.

what is the link to the safemoon website and social media pls?

(https://safemoon.net)
At the top right of the page, you'll see those social media accounts that they own. They don't have an announcement thread on the forum? I now understand why this coin is mooning, it's because of those YouTubers that have been advertising the coin. Although, I haven't watched one because I rarely watch YT videos related to crypto.

I am surprised that at this time we can see some new tokens with the BSC network coming up and creating hype in the market.
their popularity quickly spread in the crypto community.
their value is very cheap and comes in a very large supply. I'm not sure they will last long in the crypto market.

that's how it is, if a coin is famous in a short time it will sink in a short time too,
hit and run if I am personally with a profit of 5x the price of my purchase I will all in and look for a new one
  But safemoon after I read is also quite promising because they guarantee that it can be for the long term but I will not do it for the long term
all back to each user want to take the short-term or long-term safemoon coins

[blockman]

I won't buy it.

what is the link to the safemoon website and social media pls?

(https://safemoon.net)
At the top right of the page, you'll see those social media accounts that they own. They don't have an announcement thread on the forum? I now understand why this coin is mooning, it's because of those YouTubers that have been advertising the coin. Although, I haven't watched one because I rarely watch YT videos related to crypto.

I am surprised that at this time we can see some new tokens with the BSC network coming up and creating hype in the market.
their popularity quickly spread in the crypto community.
their value is very cheap and comes in a very large supply. I'm not sure they will last long in the crypto market.

Nobody knows if they will last but as long as you have an idea what you invest with your money, you take the chance and the risk and it's all up to you how you're going to monetize from that choice.

that's how it is, if a coin is famous in a short time it will sink in a short time too,
hit and run if I am personally with a profit of 5x the price of my purchase I will all in and look for a new one
  But safemoon after I read is also quite promising because they guarantee that it can be for the long term but I will not do it for the long term
all back to each user want to take the short-term or long-term safemoon coins

True, while it's there and it's experiencing popularity in the market, you take it if you really like to invest thus, you just ignore it and invest on a safer crypto.

[CryptoCrookz]

The WarOnRugs people low key hate it. I tend to believe their assessments.

You can make a short term profit on it, but be well advised to set a stop loss order in case the dump starts earlier than you'd expect.

[Gayong88]

It is possible that what they are trying to do will have a good impact on the development of the token (SafeMoon) and for its users.

[JeffBrad12]

Safemoon is like anothercoin ponzi, what makes it valueble is just people agree that today safemoon is valuable and they still willing to buy it. The scheme its self is like ponzi scheme. Ponzi will not remain fo long time it will suddenly crash in to zerro. If you are new to cryprocurrencies you better avoid it at all cost.

I see that some members of pancake swap community were creating complaints to the pancake to delist safemoon.
it seems like all of the bad news related to the safemoon was true. This is another garbage coin that will die soon.
So many newcomers were blindly buying this garbage coin. This is a very high risk ponzi scam garbage coin. So many people have no brain by bought this garbage coin. safemoon just another scam.

[cryptoknightt]

owww i won't buy it, Safemoon will just be like their friend in the bsc market. It's profitable in the short term, but it's worth the risk. Profit in some time, and watch out for the future. Like a doge that exploded today, many new coins have sprung up by adopting the logo / name of this beast like stealing an opportunity in the hot topic of the crypto world.

[Huskerz1]

Safemoon is like anothercoin ponzi, what makes it valueble is just people agree that today safemoon is valuable and they still willing to buy it. The scheme its self is like ponzi scheme. Ponzi will not remain fo long time it will suddenly crash in to zerro. If you are new to cryprocurrencies you better avoid it at all cost.

I see that some members of pancake swap community were creating complaints to the pancake to delist safemoon.
it seems like all of the bad news related to the safemoon was true. This is another garbage coin that will die soon.
So many newcomers were blindly buying this garbage coin. This is a very high risk ponzi scam garbage coin. So many people have no brain by bought this garbage coin. safemoon just another scam.

This will not age well.  The Devs for Safemoon are completely transparent and provide the community with Safemoon AMA's twice a week.  The Devs are working on a their own new exchange.  Games and charities.  Two more exchanges for the listing in addition to Bitmart and Whitebit.  This is going to be huge.  

As for Pancakeswap, it was hard to buy and the fees are on the higher side in my opinion.  BUT, you "blood in" to Safemoon at 10% with 5% going to the community and you "blood out" the same way.  To encourage holding.
 Looking forward to easier access very soon.  

Locked LP and automatic burn rate to battle the fudders like you. 

Educate yourself with their AMA's on YT.  There's like 6+ of them.  The Dev team is evolving. 

https://twitter.com/safemoon?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

[robattfield]

For me, it's meaningless, I don't understand how it works, I don't think these are as valuable. It's just a pump and when it gets a lot of attention the price will follow the fomo and have to say it's really risky and risky.

[Huskerz1]

For me, it's meaningless, I don't understand how it works, I don't think these are as valuable. It's just a pump and when it gets a lot of attention the price will follow the fomo and have to say it's really risky and risky.

Coins that pump n dump don't have dev teams that stay engaged weekly with AMA's and on all forms of social media.  Good luck.

[Climaxscience]

I think Safemoon and similar initiatives may actually be a better store of value than Bitcoin.
It also reached a marketcap of 8 billion yesterday making it a top 25 coin.

The inbuilt mechanisms disincentivise trading and incentivise hodling. That should make the price more stable on the long term. The sad thing is that 10% transaction fees both for getting in and out I find very high. That means that for getting in you'd have to assume the coin appreciates in value at least 20% during the period of holding, which only happens if other people keep transacting. As the transaction fees are high this may also make this project fail on the long term.

But the other 'safe' initiatives have lower transactionfees like Safemars with 4% distributed 2% to burn and 2% to the community. That seems like a much more reasonable fee.

I think we can expect pump and dumps for these coins just like the bitcoin pumps, and then stabilize, possibly more than any other (non stable) coin on the market because of the disincentive to trade them and incentive to hold.

Ik think there is actually a real demand for deflationary currencies in the world, and thats also one of the reasons why bitcoin is so popular.

Every time a new safe initiative launches though, it is interesting to take money from one safe initiative to another. At some point if the market is saturated, all safe currencies that are similar would balance out in market cap I presume.

What I am missing is a really fair way in which value is distributed in these safe initiatives and other crypto's for that matter. That someone gets a 300x return on their initial investment and another a 2x just seems out of proportion to me.

Who knows of other deflationary currencies in the crypto space other than the 'safe' initiatives?

[repear7]

Honestly, I am not visited safemoon website ever. And i don’t know how this project. Previously, I see this project on public tweets. And now i can see it here.

BTW, Do your own research before investing.