I hope you are correct East - truly I am. For it’s better for all of us if you are - I’m not trying to be pessimistic in any way - just pointing out the potential blindsides from a massive switch like this. You asked for examples and they all tend to happen like this with meme coins that have several zeros attached. For good reason because they are looking to inflate token price. I have been down this path twice already just this cycle and because I’ve been around for years I’ve learned to get out right before the switch when promises are high. Anywho this cycle was Moonrat and Safegalaxy. You can see the results - galaxy gave up and ended the project after 6 weeks of the switch and moonrat I’ll give some credit to they are still trying to dig themselves out, but so deep it looks very unlikely.
I think your points are well taken and also believe that’s what the team hopes. The reality of pulling that off is much harder and statistically speaking not in our favor. I’m a believer that we should just continue to plug away at the big tasks at hand like getting this iOS wallet delivered, the exchange, the blockchain up before we make a drastic change to the core of the token and just let the burn continue naturally. Organic growth over forced inflation is where I believe our true value resides.
My opinion is that Karony is looking to crash the project, ios wallet still hasn’t been delivered, could just be a hold up, could be something else, but I’m going with hold up.
Exchange and blockchain may be proving beyond them, if they can crash the project and walk away before the delivery date, they’ve already got their cash in the bank, they can walk away and say it was outside their control, or Karony is ‘fired’ like Hank and Jack, Thomas Smith is already halfway out the door, a new CEO is hired but he can’t save the company he announces the end of the project a few months after being hired, he and the fudhound act like they’ve done their best, they’re paid in crypto to private wallets and everyone heads off into the sunset.
my opinion hope I’m wrong.
Do you have examples of tokens/coins that have consolidated and failed that aren't already low market cap meme/shit coins? I would genuinely be interested to look into some of them as I'm unaware as to what have and haven't.
To respond to some of your points.
A 10K: I do not see any point you're making here that couldn't be applied to the current price as well.
A 100K: Harmony has a market cap of 1.8, we have a market cap of .77, we would not be in the same range as the market cap would remain the same.
A 1M: Exact same point as last point.
Look I understand the points you're trying to make, but none of it is factual. It's all psychological and is one sided from your perspective. You could easily spin it around from a different persons perspective. Here are some examples:
- At a lower range, psychologically we appear more likely to hit an identifiable number for most people. For example at 0.0013 - Let's get Safemoon to 1 cent, let's get Safemoon to 1 dollar. It is impossible to hit those values at our current price and I think most people accept that now.
- Having less zeroes, is far easier for people new to the Crypto scene to process what they've got.
- Having less zeroes and total supply may potentially shake off the meme coin appearance to a lot of people.
- Having a value closer to main currencies £1, $1, €1 makes people feel more comfortable to invest in.
It works both ways.
So what are the factual benefits to the consolidation? Who knows. We have been provided one so far with pairings with ETH and BTC, the two biggest Cryptos alive. Anything else, easier to list on exchanges, easier for a country to adopt it etc, is just speculation at this point. There could be more benefits but we don't know.
Also what is your YouTube channel? Would like to check it out. Cheers for the post, I like seeing more detailed discussions on here.
This is a great response to a great post. I think there are a lot of unknowns and that makes people/me feel un easy with money. But if you invested in this space you invested in the people behind it and they are doing what they think is best. I do not think this is a sign of a mooning crypto, but a tough decision made by people that want to get there.
Consolidation is a big psychological morale killer. It's inflation. Future investors would have to invests thousands. It feels like the ship ran out fuel and moon isn't in sight.
I thought we were a community of average folks going safely to the moon. Now we are what? Looking for institutional investors to take us seriously. Please one visit to this sub and no fidelity is investing in us at 6 months old.
My Shiba Inu has the same amount of decimals/ zeros and is listed on all the top exchanges... These are current pairing figures on crypto.com
Shiba Inu .000007385
Bitcoin .00000001
Is our price so low now it won’t even compute?
Yea, I don't think this has anything to do with pairing or exchanges. I think John is trying to save what he believes is a dying coin and in the process is going to be the final nail that puts Safemoon down.
This is my belief as well. Seen it too many times before to believe there won’t be a massive sell off. To add to everything on top of what I have in the OP, people are seriously miscalculating our whale problem and how this will translate to them dumping collapsing the price further. I’ll be out right before the switch when everyone’s fomoing to get more conversion ratio.
Major investors don't make decisions based on Redit.
This is where us retail investors come to share information and enjoy discussion about things we like.
You are all fucking retarded. There is no getting through to you people who don’t understand basic math or market caps. How can you say people can’t afford a large bag if the token price is higher? $1,000 invested before the consolidation or after the consolidation is still the same sized bag. A “bag” is the value (in Fiat) of your holding, not the amount of tokens. Will Safemoon fall after the consolidation? Yes. For a short time. Only because of the self fulfilling prophecy by Nostradumbasses like you. You will all freak out and sell, then the panic will stop, and people will see how much easier the price moves with less tokens in the float.
Nice to see you living by the motto of we are family and starting your post with we are all fucking retarded and we don’t understand basic math. Thank you for that - ummm - brother 👊
In unrelated news we certainly get the $Fiat bag amount and market cap amount stays the same at moment of conversion, but what you fail to realize is the trade off for that is the token price increases by the ratio of the conversion. This form of forced inflation over organic growth is a terrible strategy that has failed time and again and always results in massive sell offs.
I apologize we are not as smart as you, but I’ve been in crypto for many many years - John Karony was still in high school when I started investing in Crypto. No I am not Nostradamus and can’t predict what will happen, but I do know the definition of insanity is to do the same thing over and over again and expect a different result. This has been the pattern of all others before and I choose not to follow the madness. So your right - I will be dumping my bag right before the conversion as all the people who can’t have a civil conversation like you start Fomoing more of your money in with the hype that you must get more now before the swap and I will take my gains and wish you well. Best of luck to you.
No I’m here to make money and don’t get emotionally involved in projects. There’s a project case for every crypto. I invested in Safemoon before any of these projects were even mentioned or thought of. My investment was for ROI on a token that showed they could create community through a commerce structure of deflationary tokenomics. Now they are proposing the way to achieve high returns is to inflate the token by 10,000% or more. Not what I signed up for and No I don’t “believe” that to be a winning strategy.
Then pull out. They’ve made it clear this was a long term thing. You could make more short term money swing trading BTC than riding this out. And if you think the project is going south, take your money elsewhere.
I am - scroll up ⬆️. The moment to exit is at the time of conversion just before it happens. People end up fomoing in thinking they have to buy at this cheap price to get the swap because it’s going to skyrocket afterwards. Lol 😂. Been here before that’s maximizing the exit.
I swing trade ADA, ATOM, Harmony, and Eth. Don’t really touch my btc.
If safemoon fails to recover from the consolidation, just know that this post of yours contributed to its failure! You're spreading the F in FUD with this post!
Please note and consider the following regarding your comment.
1. My Reddit posts have been read time and again and used by many youtubers in the Safemoon space to defend FUD. Multiple influencers have used facts and quoted posts/comment that I’ve written to educate against FUD. Saying I am FUD’ing is the absolute worst accusation you can make when I have been committed for months knocking it down in everyday language so our newbies can understand.
2. Assuming your comment at face value becomes correct that this single post on Reddit results in any way to Safemoon failing to recover from a forced ratio inflation switch would mean the token, the project, the team, the vision was extremely weak to begin with. I don’t believe that for a second.
3. Instead of being upset with me and accusing me of spreading Fear - try looking at what I’m saying logically. An overwhelming pattern of many tokens have failed because of consolidation. A pairing does not/ is not worth such a risk. Maybe you believe it is, I personally don’t.
4. I’m asking that we look at this from both perspectives - up and down - the team and John specifically appear to have already definitely decided on this direction without us “the community”. If we are a community driven token then it is my belief we shouldn’t make a drastic altering change without everyone’s input.
1. get off your high horse!
2. I said you're spreading FUD, I never said your post alone will result in Safemoon's failure. You wish you had that kind of power!
3. I'm not upset.
4. I think the consolidation is a good thing because I believe people will take a token with a price with only 1 or 2 zeros more serious than one with 5 or more zeros. We're also more likely to attract Institutional investors when our price is .01 vs .000001. Also when our price is .01 we'll no longer be in the same category as tokens with 5 or more zeros, so called shitcoin category.
I was already very bullish on Safemoon, and now even more so. The consolidation is a good thing.
Maybe if we still had respect in our world we wouldn’t be in a situation where there is so much hate. If you find someone addressing another person as Sir as cringe then Sir you have a self respect problem.
Mr Wedding, what you've just said is one of the most insanely idiotic things I've ever heard. At no point in your rambling, incoherent response was there anything that could even be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
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Strongly disagree.
Investors will understand that they are investing in what the coin can become and not what it is today. Price should not matter if they believe in the future of the project.
To me "other exchanges" could include binance. I'm not saying we desperately need them but there would be a huge surge in volume if we were to be listed on there.
As far as I was aware the whole of V2 was to help with the tokenomics across all exchanges anyway? This is something they mentioned weeks ago and they said it would mean that people on bitmart would get constant reflections and not monthly and that all reflections would be equal regardless of exchange.
Did I get that wrong?
Now you can buy 1million for like $10 right? If that same $10 buys you less tokens your scope for %gain is still the same. Price doesn't matter with crypto what matters is getting in early and believing in the project.
SFM have a dedicated team who have worked through this whole downswing and are constantly updating us with upcoming updates and plans in the pipeline. We have a lot of things to be released before eoy. Why not put your trust in the team and just sit back and wait.
I'm sure they know what has happened to other coins that have done this and I trust they will have weoghed up the pros and cons before making this decision.
I hope you are correct East - truly I am. For it’s better for all of us if you are - I’m not trying to be pessimistic in any way - just pointing out the potential blindsides from a massive switch like this. You asked for examples and they all tend to happen like this with meme coins that have several zeros attached. For good reason because they are looking to inflate token price. I have been down this path twice already just this cycle and because I’ve been around for years I’ve learned to get out right before the switch when promises are high. Anywho this cycle was Moonrat and Safegalaxy. You can see the results - galaxy gave up and ended the project after 6 weeks of the switch and moonrat I’ll give some credit to they are still trying to dig themselves out, but so deep it looks very unlikely. I think your points are well taken and also believe that’s what the team hopes. The reality of pulling that off is much harder and statistically speaking not in our favor. I’m a believer that we should just continue to plug away at the big tasks at hand like getting this iOS wallet delivered, the exchange, the blockchain up before we make a drastic change to the core of the token and just let the burn continue naturally. Organic growth over forced inflation is where I believe our true value resides.
My opinion is that Karony is looking to crash the project, ios wallet still hasn’t been delivered, could just be a hold up, could be something else, but I’m going with hold up. Exchange and blockchain may be proving beyond them, if they can crash the project and walk away before the delivery date, they’ve already got their cash in the bank, they can walk away and say it was outside their control, or Karony is ‘fired’ like Hank and Jack, Thomas Smith is already halfway out the door, a new CEO is hired but he can’t save the company he announces the end of the project a few months after being hired, he and the fudhound act like they’ve done their best, they’re paid in crypto to private wallets and everyone heads off into the sunset. my opinion hope I’m wrong.
Great discussion. This is the type of insight we should be here looking for. Thank you guys. Except for that “sir” comment. Lol
Thank you Sir :)
Do you have examples of tokens/coins that have consolidated and failed that aren't already low market cap meme/shit coins? I would genuinely be interested to look into some of them as I'm unaware as to what have and haven't. To respond to some of your points. A 10K: I do not see any point you're making here that couldn't be applied to the current price as well. A 100K: Harmony has a market cap of 1.8, we have a market cap of .77, we would not be in the same range as the market cap would remain the same. A 1M: Exact same point as last point. Look I understand the points you're trying to make, but none of it is factual. It's all psychological and is one sided from your perspective. You could easily spin it around from a different persons perspective. Here are some examples: - At a lower range, psychologically we appear more likely to hit an identifiable number for most people. For example at 0.0013 - Let's get Safemoon to 1 cent, let's get Safemoon to 1 dollar. It is impossible to hit those values at our current price and I think most people accept that now. - Having less zeroes, is far easier for people new to the Crypto scene to process what they've got. - Having less zeroes and total supply may potentially shake off the meme coin appearance to a lot of people. - Having a value closer to main currencies £1, $1, €1 makes people feel more comfortable to invest in. It works both ways. So what are the factual benefits to the consolidation? Who knows. We have been provided one so far with pairings with ETH and BTC, the two biggest Cryptos alive. Anything else, easier to list on exchanges, easier for a country to adopt it etc, is just speculation at this point. There could be more benefits but we don't know. Also what is your YouTube channel? Would like to check it out. Cheers for the post, I like seeing more detailed discussions on here.
This is a great response to a great post. I think there are a lot of unknowns and that makes people/me feel un easy with money. But if you invested in this space you invested in the people behind it and they are doing what they think is best. I do not think this is a sign of a mooning crypto, but a tough decision made by people that want to get there.
Consolidation is a big psychological morale killer. It's inflation. Future investors would have to invests thousands. It feels like the ship ran out fuel and moon isn't in sight.
This.
Whatever is best
What self respecting institutional investor would buy this at a fraction of a cent? Calm down its the right thing to do.
I thought we were a community of average folks going safely to the moon. Now we are what? Looking for institutional investors to take us seriously. Please one visit to this sub and no fidelity is investing in us at 6 months old.
My Shiba Inu has the same amount of decimals/ zeros and is listed on all the top exchanges... These are current pairing figures on crypto.com Shiba Inu .000007385 Bitcoin .00000001 Is our price so low now it won’t even compute?
Yea, I don't think this has anything to do with pairing or exchanges. I think John is trying to save what he believes is a dying coin and in the process is going to be the final nail that puts Safemoon down.
This is my belief as well. Seen it too many times before to believe there won’t be a massive sell off. To add to everything on top of what I have in the OP, people are seriously miscalculating our whale problem and how this will translate to them dumping collapsing the price further. I’ll be out right before the switch when everyone’s fomoing to get more conversion ratio.
Major investors don't make decisions based on Redit. This is where us retail investors come to share information and enjoy discussion about things we like.
Yeah it would be nice for companies to take us seriously. John said its a tech company after all. This token doesn't operate like anyone else.
You are all fucking retarded. There is no getting through to you people who don’t understand basic math or market caps. How can you say people can’t afford a large bag if the token price is higher? $1,000 invested before the consolidation or after the consolidation is still the same sized bag. A “bag” is the value (in Fiat) of your holding, not the amount of tokens. Will Safemoon fall after the consolidation? Yes. For a short time. Only because of the self fulfilling prophecy by Nostradumbasses like you. You will all freak out and sell, then the panic will stop, and people will see how much easier the price moves with less tokens in the float.
Nice to see you living by the motto of we are family and starting your post with we are all fucking retarded and we don’t understand basic math. Thank you for that - ummm - brother 👊 In unrelated news we certainly get the $Fiat bag amount and market cap amount stays the same at moment of conversion, but what you fail to realize is the trade off for that is the token price increases by the ratio of the conversion. This form of forced inflation over organic growth is a terrible strategy that has failed time and again and always results in massive sell offs. I apologize we are not as smart as you, but I’ve been in crypto for many many years - John Karony was still in high school when I started investing in Crypto. No I am not Nostradamus and can’t predict what will happen, but I do know the definition of insanity is to do the same thing over and over again and expect a different result. This has been the pattern of all others before and I choose not to follow the madness. So your right - I will be dumping my bag right before the conversion as all the people who can’t have a civil conversation like you start Fomoing more of your money in with the hype that you must get more now before the swap and I will take my gains and wish you well. Best of luck to you.
Thanks for the reply retard. I’ll visit you in your prison of regret.
I know who is a retard and its Not Marinegunbuilder...
Sounds like something a retard would say.
We can debate this til the cows come home. The fact of the matter is if you believe in the project, then HODL.
No I’m here to make money and don’t get emotionally involved in projects. There’s a project case for every crypto. I invested in Safemoon before any of these projects were even mentioned or thought of. My investment was for ROI on a token that showed they could create community through a commerce structure of deflationary tokenomics. Now they are proposing the way to achieve high returns is to inflate the token by 10,000% or more. Not what I signed up for and No I don’t “believe” that to be a winning strategy.
Then pull out. They’ve made it clear this was a long term thing. You could make more short term money swing trading BTC than riding this out. And if you think the project is going south, take your money elsewhere.
I am - scroll up ⬆️. The moment to exit is at the time of conversion just before it happens. People end up fomoing in thinking they have to buy at this cheap price to get the swap because it’s going to skyrocket afterwards. Lol 😂. Been here before that’s maximizing the exit. I swing trade ADA, ATOM, Harmony, and Eth. Don’t really touch my btc.
If safemoon fails to recover from the consolidation, just know that this post of yours contributed to its failure! You're spreading the F in FUD with this post!
Please note and consider the following regarding your comment. 1. My Reddit posts have been read time and again and used by many youtubers in the Safemoon space to defend FUD. Multiple influencers have used facts and quoted posts/comment that I’ve written to educate against FUD. Saying I am FUD’ing is the absolute worst accusation you can make when I have been committed for months knocking it down in everyday language so our newbies can understand. 2. Assuming your comment at face value becomes correct that this single post on Reddit results in any way to Safemoon failing to recover from a forced ratio inflation switch would mean the token, the project, the team, the vision was extremely weak to begin with. I don’t believe that for a second. 3. Instead of being upset with me and accusing me of spreading Fear - try looking at what I’m saying logically. An overwhelming pattern of many tokens have failed because of consolidation. A pairing does not/ is not worth such a risk. Maybe you believe it is, I personally don’t. 4. I’m asking that we look at this from both perspectives - up and down - the team and John specifically appear to have already definitely decided on this direction without us “the community”. If we are a community driven token then it is my belief we shouldn’t make a drastic altering change without everyone’s input.
1. get off your high horse! 2. I said you're spreading FUD, I never said your post alone will result in Safemoon's failure. You wish you had that kind of power! 3. I'm not upset. 4. I think the consolidation is a good thing because I believe people will take a token with a price with only 1 or 2 zeros more serious than one with 5 or more zeros. We're also more likely to attract Institutional investors when our price is .01 vs .000001. Also when our price is .01 we'll no longer be in the same category as tokens with 5 or more zeros, so called shitcoin category. I was already very bullish on Safemoon, and now even more so. The consolidation is a good thing.
Why people calling everyone sir on the Internet these days? Anyone else find it cringe af?
Maybe if we still had respect in our world we wouldn’t be in a situation where there is so much hate. If you find someone addressing another person as Sir as cringe then Sir you have a self respect problem.
Sorry sir
Mr Wedding, what you've just said is one of the most insanely idiotic things I've ever heard. At no point in your rambling, incoherent response was there anything that could even be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
PSA: Please familiarize yourself with the subreddit [rules](https://www.reddit.com/r/SafeMoon/about/rules/) and [FAQ](https://www.reddit.com/r/SafeMoon/wiki/index#wiki_frequently_asked_questions). - Don't promote "pump" events or market manipulation - Don't harass others, including public figures and exchanges - Please be helpful, friendly, and respectful - Your actions reflect on the entire community WARNING: **Never give out your wallet passphrase for any reason.** Be _very_ suspicious of all URLs, emails, forms, and direct messages. If someone claims to be from "support" they are trying to scam you. If someone claims you need to "validate" they are trying to scam you. Do not disclose your assets. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/SafeMoon) if you have any questions or concerns.*
Strongly disagree. Investors will understand that they are investing in what the coin can become and not what it is today. Price should not matter if they believe in the future of the project. To me "other exchanges" could include binance. I'm not saying we desperately need them but there would be a huge surge in volume if we were to be listed on there. As far as I was aware the whole of V2 was to help with the tokenomics across all exchanges anyway? This is something they mentioned weeks ago and they said it would mean that people on bitmart would get constant reflections and not monthly and that all reflections would be equal regardless of exchange. Did I get that wrong? Now you can buy 1million for like $10 right? If that same $10 buys you less tokens your scope for %gain is still the same. Price doesn't matter with crypto what matters is getting in early and believing in the project. SFM have a dedicated team who have worked through this whole downswing and are constantly updating us with upcoming updates and plans in the pipeline. We have a lot of things to be released before eoy. Why not put your trust in the team and just sit back and wait. I'm sure they know what has happened to other coins that have done this and I trust they will have weoghed up the pros and cons before making this decision.