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Author Topic: Does SafeMoon have a future??  (Read 278 times)
Majestic-milf (OP)
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March 11, 2022, 05:36:20 PM
 #1

Since it's creation in March 2021 by John Karony, the SafeMoon has been trending for the wrong reasons; since the launch of a class action lawsuit accusing it of operating a pump and dump scheme. They were further charged with misleading naive investors with shoddy promotions, disguising their control over SafeMoon and having a significant percent of the SafeMoon tokens.
 SFM has dropped by 6% at $0.0011 in price as at yesterday, 10th March and has lost 40% of its value since it's creation in March 2021. Does this bode well for SafeMoon investors or it still has a fighting chance? 🤷🤷

 
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March 11, 2022, 05:51:13 PM
 #2

I find it ununderstandable that you have just written all of the negative sides of this project, and you still ask 'if it has a future'? Fom your post it shows that you have done your research about this project and the answer should be very glaring to you. To be honest i know little or nothing about 'safemoon', but i am pretty sure it will be one of those pump and dump coins that come into the network and only last for the short term, so to answer your question, in my opinion, NO.

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JayTrain
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March 11, 2022, 06:16:14 PM
 #3

if you look at it this way, each project has its own negative sides, I don't follow the project, but it looks like there was some kind of rebranding or the coin was changed to a new one, safemoon(old) is displayed on coingeko, and the SFM coin is, as I understand it, one project, apparently something negative happened to the project, that they had to create a new coin...my personal opinion is that trust is lost if the author has described enough reasons to doubt the project.
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March 11, 2022, 06:30:23 PM
 #4

Just think of any other meme coins such as safemoon. You already have an idea on where it is going and if someone wants to invest on it and is very optimistic about this project.
There's a lot of things to be considered and if I'm the one to decide, I'll not spend any amount on it because I know how these pumps and dumps that goes with these meme coins.

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Rana590
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March 11, 2022, 06:47:56 PM
 #5

It had good value in last year and invested in it. After investing on safemoon, it is losing its value continuously. I'm not saying that it is happening for buying from my side. Actually it needs to improve on structure. Team should work on different sectors to improve its condition.
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March 11, 2022, 06:49:14 PM
 #6

A crypto space has become that includes a large number of projects, but they do not have the same specifications. You can always choose the currencies classified within the first 100 in CMC and stay away from the MEME  coins that have been talked about a lot on social media platforms because they will sink soon.
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March 11, 2022, 07:40:11 PM
 #7

Since it's creation in March 2021 by John Karony, the SafeMoon has been trending for the wrong reasons; since the launch of a class action lawsuit accusing it of operating a pump and dump scheme. They were further charged with misleading naive investors with shoddy promotions, disguising their control over SafeMoon and having a significant percent of the SafeMoon tokens.
 SFM has dropped by 6% at $0.0011 in price as at yesterday, 10th March and has lost 40% of its value since it's creation in March 2021. Does this bode well for SafeMoon investors or it still has a fighting chance? 🤷🤷
It's hard to fight back for coins that have hit bad issues, especially now that investors want to feel safe in carrying out their investments, the market is more unfavorable for this kind of coin trend, because many people don't want to take risks in the middle of a chaotic market condition, I think it's an opportunity still exist, but speaking of reality they will be very difficult to take the trust of investors and people who want to invest

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March 11, 2022, 08:42:58 PM
 #8

Take a look at XRP.  They have been in trouble yet it still had a tremendous success.  Whether it is deserved or not is subjective.  One thing is certain, XRP has survived through all these years even if it was never decentralized, even if so many coins have been injected into the supply every now and then, even if one of its team members is or has been one of the richest persons in the world due to their XRP holdings and so on.  It is still alive, and it is doing well.

Safemoon has been surrounded by promises so far.  How much of these they have delivered comes again with a subjective answer.  To some, it seems like they delivered nothing while for others they delivered a lot or at least something.  What sucks and is interesting simultaneously is the way their community acts like a cult.  It sucks because they often seem very immature but it is on the other hand great since it brings unity and support not a lot of Cryptocurrencies get.

You have to look at their roadmap, their promises and compare this side by side with how many of them have been delivered so far.  You then make your own choice about approaching Safemoon or not.

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March 11, 2022, 10:20:45 PM
 #9

Does this bode well for SafeMoon investors or it still has a fighting chance? 🤷🤷
It has no chance to recover. Even the price is going down gradually and i think that you can also try to see the chart again. it didn't get any pumped again means the era for the shit scam token like this already ended. There's no way for this token to recover and as far as i know so many peak price holders almost losing all of their value in this coin. It's too optimistic to hope that this token can recover its price again while the fact said that this can go even deeper like worth zero value. This is a scam token and this will never get back again to the moon.

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March 11, 2022, 10:42:00 PM
 #10

Since it's creation in March 2021 by John Karony, the SafeMoon has been trending for the wrong reasons; since the launch of a class action lawsuit accusing it of operating a pump and dump scheme. They were further charged with misleading naive investors with shoddy promotions, disguising their control over SafeMoon and having a significant percent of the SafeMoon tokens.
 SFM has dropped by 6% at $0.0011 in price as at yesterday, 10th March and has lost 40% of its value since it's creation in March 2021. Does this bode well for SafeMoon investors or it still has a fighting chance? 🤷🤷

Just another meme coin.  This was destined to fail along with all the other meme coins.  Why would anyone want something called safemoon long term anyway lol.  Safe and moon are trigger words which is sketch to begin with.  Don't understand why people buy this stuff
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March 11, 2022, 10:45:33 PM
 #11

I think all the meme coins don't have the future so stay away from them. This is my recommendation otherwise DYOR.
It doesn’t reach the moon and most probably a fail meme token, so I don’t see any future with this token as well. The hype is slowly gone for the small meme token, only DOGE and SHIB was able to stay at the top and the rest are just part of the hype in this market. Investing on meme token today should not be the priority, because its too risky.
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March 11, 2022, 10:49:18 PM
 #12

tbh i have never thought of safemoon as a legit coin it was always just a troll/meme coin made solely  for pump and dumps
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March 11, 2022, 10:54:55 PM
 #13

Since it's creation in March 2021 by John Karony, the SafeMoon has been trending for the wrong reasons; since the launch of a class action lawsuit accusing it of operating a pump and dump scheme. They were further charged with misleading naive investors with shoddy promotions, disguising their control over SafeMoon and having a significant percent of the SafeMoon tokens.
 SFM has dropped by 6% at $0.0011 in price as at yesterday, 10th March and has lost 40% of its value since it's creation in March 2021. Does this bode well for SafeMoon investors or it still has a fighting chance? 🤷🤷

I used to have this pump and dump the coin, but dumped this token after I realize it's a hype coin they are getting this hyped from meme coins that are mushrooming at that time, the supply is very huge and there's no platform attached to the coin and there's no usage for the coin, a coin that relies on promotion and hype are bound to die it's just a matter of time, I think its demise has finally come

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asriloni
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March 11, 2022, 11:09:28 PM
 #14

This is a meme token. I'm still seeing it the marketcap still worth hundreds millions USD but the daily trade volume was less than 50k. The marketcap usually based on the current price of token which can easily be manipulated. By the way all time chart will be showing you the worst performance of this token. I still believe if the pump can happen soon but bring back this to the top seems an impossible thing to believe.
You shall stick to the another token that has a better future than this token. Enough for meme token and just let this token to die soon.
If you are still hoping with this coin may become a big mistake.

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koang
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March 11, 2022, 11:11:02 PM
 #15

Many call Safemoon a Ponzi scheme because it follows a model where the profits made
by early adopters are based on someone else paying more for the token later on.
And I see a shit show coming, the direction is constantly down and the investor does not trust anymore.
Hype can create wealth almost overnight, but it can also be easily crushed and burned, Just understand what you’re getting into.IMHO

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March 12, 2022, 04:25:09 AM
 #16

SFM has dropped by 6% at $0.0011 in price as at yesterday, 10th March and has lost 40% of its value since it's creation in March 2021. Does this bode well for SafeMoon investors or it still has a fighting chance? 🤷🤷

no, that's a bad sign. it could be that SFM has no future. it is very difficult to get back on track when a coin has lost a lot. and I've had a lot of bad experiences with coins like this. when the coin has made ath, he never comes back. and stay down for a long time. I thought safemoon would be like that. so if you have SFM then be careful.

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imamusma
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March 12, 2022, 04:43:43 AM
 #17

no, that's a bad sign. it could be that SFM has no future. it is very difficult to get back on track when a coin has lost a lot. and I've had a lot of bad experiences with coins like this. when the coin has made ath, he never comes back. and stay down for a long time. I thought safemoon would be like that. so if you have SFM then be careful.
Actually not all of them are like that because there are also coins that after getting ATH and decreased, but at different times the coin can still live with some price increases even though it can no longer be in the new ATH at a later time. And for Safemoon I see this coin as more of a coin that has a lot of supply so it is very difficult to increase again and find new ATH.

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March 12, 2022, 04:59:39 AM
 #18

Since it's creation in March 2021 by John Karony, the SafeMoon has been trending for the wrong reasons; since the launch of a class action lawsuit accusing it of operating a pump and dump scheme. They were further charged with misleading naive investors with shoddy promotions, disguising their control over SafeMoon and having a significant percent of the SafeMoon tokens.
 SFM has dropped by 6% at $0.0011 in price as at yesterday, 10th March and has lost 40% of its value since it's creation in March 2021. Does this bode well for SafeMoon investors or it still has a fighting chance? 🤷🤷

You already laid down the bad image of this coin, so for me this will stick to the mind of serious investors. So with that said, I don't think they will have a future in crypto. They have been exposed already, of course they can still be in the market for many years and could have occasionally some spike on prices. But this is due to the pump and dump scheme of the people behind. Not good for newbie investors because for sure they are going to be trapped.

 
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March 12, 2022, 05:15:43 AM
 #19

I dont familiar with this token but as what i have read on some article it was become one of the most popular crypto on CoinMarketCap. And a growing number of people believe that this token would be a 10000X coin.
https://bitcoinist.com/what-is-safemoon-is-this-a-good-investment/

Is Safemoon Good to Invest?


Since its launch, Safemoon has risen 3253%. There is no doubt that this token is designed for one purpose—that is, appreciation. All the token economic designs in Safemoon encourage investors to hold digital currencies, because, in this type of economy, investors can obtain passive income from transactions. More investors have come here, which has promoted Safemoon’s rise.

Safemoon is backed by a strong community, and investing in this token is a good choice. However, you first need to consider all potential risks. For example, like other cryptocurrencies, Safemoon also features high volatility.

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March 12, 2022, 06:57:56 AM
 #20

I don't like safemoon, this project is a good example of a shit coin and I'm sure it will fade away once bear market gets stronger, if I have to choose a meme coin to hold it will be bitgert, shiba inu and doge coin, these meme coins have stronger community support than safemoon.

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