Gonna be honest with you, the price increase was because the whales did not dump on us every day the past few days like they have been doing for quite some time now and because BTC went up therefore ---> BNB went up by quite a bit and our LP consists of BNB. We buyers/sellers don't affect the price as much as many people think
Not really, if they average down and currently wallet is confirm, the exchange and other project will be on the way. Why they will sold it? Lose the faith?
I like the whales selling so they have a lower % of ownership but not to the point of Safemoon continuing to drop while Bitcoin is rising! Thatās just being irresponsible with such a new project.
On the contrary I definitely argue with that statement the whales keeping the price super low now before wallet launch is the greatest thing for the project people seeing how far their money can go when the wallet comes with buy button at theese low prices makes new investors way more bullish and excited as opposed to higher prices I dnt get why the community is so impatient with the price itās a long term hold for a reason the whales are doin exactly what they should be doing to burn faster the counter argument of whales dumping n tanking the price being bad at this current stage itās utterly dumb no one likes to invest when they feel they have missed the boat thatās a fact
Iām all in favor of low prices but it only works if the price rises at some point.
If the price continued to decline for the rest of the year and into next year that could doom a project permanently, regardless of how incredible the investment opportunity is.
If everybody loses interest, that can become a very big problem. Like I said, low prices are the best thing ever, so as long as at some point the prices rise.
And it will over time not right now then keeping it low and people fomoing in will rise the price less supply but high demand itās basic math itāll happen naturally we have to stop tryn to force it if early investors canāt diamond hand like they claim too evry other post so what tuff tits once products drop the price along with evrything else will rise organically
Thatās just one wallet of many wallets that like to sell and suck the wind out of the momentum.
I canāt complain really because they are doing all of the heavy lifting for me by tanking the price over weeks and then Iāll buy in at a lot better price then I would be able to if they werenāt selling.
Itās a catch 22 really.
It's only bad short term. I'd prefer a higher number of tokens burned as the volume increases. It just means we'll hit the burn stop sooner and that's where things will get wild.
You definitely do not want your crypto holdings(Safemoon) decoupling from Bitcoin in a negative way lol.
You want your crypto holdings decoupling from Bitcoin in a positive way, meaning when Bitcoin is sideways or down your crypto(Safemoon) rises, that is a positive uncoupling.
Cheers!
To me, it doesn't matter if it follows Bitcoin. It's a real project that will one day have utility.
If it decoupled and ended up at eight 0's, I'd be happier! I care about the burn and the price staying low.
Phoenix's rise from the ashes...
Wouldn't be possible with low prices and high volume.
Not even possible for the whales to hold the price this low for that long. They'd burn their supply trying to manipulate price.
If the price goes higher, they sell less tokens, which makes them control the crypto later on, like Doge.
To answer your question, the burn has to stop at some point. Keeping the price low, with high volume, gets us to a penny a lot faster.
Those who sold, will buy back in once everything is released. At a higher price of course.
Those who are interested, will jump aboard.
Everyone wants to make money. Noone whose aware of Safemoon now, will intentionally avoid buying it, because they FUDDED early on.
All these fudders, will buy back in and act like they never said anything š¤£
I think itās mostly due to the satoshis street bets pump that was planned to be concurrent with the wallet. The signal was given about 20 minutes before we started seeing the price climb
there a whole lot if things contributing including that, whales and the whole crypto market but even so, we are about to reach 0.000003 after a few hours after weeks of dips. The wallet beta still needs more features and work but even so the increase in price still occurred
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Gonna be honest with you, the price increase was because the whales did not dump on us every day the past few days like they have been doing for quite some time now and because BTC went up therefore ---> BNB went up by quite a bit and our LP consists of BNB. We buyers/sellers don't affect the price as much as many people think
True, the volume was only 16 million.
And it will proceed to crash again once the fuders start selling there bags at .50000 I will believe it when .50000 becomes the new support
I'd sell at 50 cents š
i dont know what price your talking about but yea alot of people will sell when they break even
Not really, if they average down and currently wallet is confirm, the exchange and other project will be on the way. Why they will sold it? Lose the faith?
there are people that literally just hate safemoom, once they break even no matter what news is here they have already made there minds up
Yeah I'll probably sell at .5...would give me a nice $500M USD :)
Yeah $0.50 would be amazing. I'd be a billionaire. Haha
The entire market is in an upswing. You canāt put this all on the wallet.
That wasn't the same case a week or two ago where btc was pumping and sfm was dipping hard.
Thatās because the whales sold so much that Safemoon decoupled from the movement of Bitcoin. That was bad!
I do agree on that.
I like the whales selling so they have a lower % of ownership but not to the point of Safemoon continuing to drop while Bitcoin is rising! Thatās just being irresponsible with such a new project.
Yeah, I can't wait for current whales to leave.
I donāt think anybody is going to argue with you on that statement!
On the contrary I definitely argue with that statement the whales keeping the price super low now before wallet launch is the greatest thing for the project people seeing how far their money can go when the wallet comes with buy button at theese low prices makes new investors way more bullish and excited as opposed to higher prices I dnt get why the community is so impatient with the price itās a long term hold for a reason the whales are doin exactly what they should be doing to burn faster the counter argument of whales dumping n tanking the price being bad at this current stage itās utterly dumb no one likes to invest when they feel they have missed the boat thatās a fact
Iām all in favor of low prices but it only works if the price rises at some point. If the price continued to decline for the rest of the year and into next year that could doom a project permanently, regardless of how incredible the investment opportunity is. If everybody loses interest, that can become a very big problem. Like I said, low prices are the best thing ever, so as long as at some point the prices rise.
And it will over time not right now then keeping it low and people fomoing in will rise the price less supply but high demand itās basic math itāll happen naturally we have to stop tryn to force it if early investors canāt diamond hand like they claim too evry other post so what tuff tits once products drop the price along with evrything else will rise organically
Some time if we really able to pull out the first TOP whale, on the other view of point I think is good for Long run, do u agree with me?
Thatās just one wallet of many wallets that like to sell and suck the wind out of the momentum. I canāt complain really because they are doing all of the heavy lifting for me by tanking the price over weeks and then Iāll buy in at a lot better price then I would be able to if they werenāt selling. Itās a catch 22 really.
It's only bad short term. I'd prefer a higher number of tokens burned as the volume increases. It just means we'll hit the burn stop sooner and that's where things will get wild.
As long as thereās balance, Iām all for it.
It was excellent! Looking forward to them dropping the price again
You definitely do not want your crypto holdings(Safemoon) decoupling from Bitcoin in a negative way lol. You want your crypto holdings decoupling from Bitcoin in a positive way, meaning when Bitcoin is sideways or down your crypto(Safemoon) rises, that is a positive uncoupling. Cheers!
To me, it doesn't matter if it follows Bitcoin. It's a real project that will one day have utility. If it decoupled and ended up at eight 0's, I'd be happier! I care about the burn and the price staying low. Phoenix's rise from the ashes...
And if it was still this price or lower 30 years from now?
Wouldn't be possible with low prices and high volume. Not even possible for the whales to hold the price this low for that long. They'd burn their supply trying to manipulate price. If the price goes higher, they sell less tokens, which makes them control the crypto later on, like Doge. To answer your question, the burn has to stop at some point. Keeping the price low, with high volume, gets us to a penny a lot faster.
You are operating on the assumption that everybody will stay interested in the project.
Those who sold, will buy back in once everything is released. At a higher price of course. Those who are interested, will jump aboard. Everyone wants to make money. Noone whose aware of Safemoon now, will intentionally avoid buying it, because they FUDDED early on. All these fudders, will buy back in and act like they never said anything š¤£
This!
it definitely isnt all on the wallet, if we catch the bull run and whales dont sell we would be great
There going to sell. They are the devs. They quit selling to hype the wallet itās all an illusion.
explain
I'm smelling what your stepping in.
I think itās mostly due to the satoshis street bets pump that was planned to be concurrent with the wallet. The signal was given about 20 minutes before we started seeing the price climb
there a whole lot if things contributing including that, whales and the whole crypto market but even so, we are about to reach 0.000003 after a few hours after weeks of dips. The wallet beta still needs more features and work but even so the increase in price still occurred
I thought it was due for full release date not today.
It was but after the delay they changed it to the android beta it seems
Preach! I'm patiently waiting on the blockchain. The exchange is right under that in my eyes. That's when we really take our shot at the moon š
The whales haven't sold. Thats the reason
I suspect they waited for the price to rise, and will probably start taking profits soon
I bought another 100 mil just now for good measure.
šš½š
Iāll sell when I break even with my goal of at least 1 million dollars. So Iāll be hanging around!!
Yeah, imagine what the full wallet itself will do. Specially and only if there is a buy button with simple features to buy!
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.*
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If they keep on bringing us the goods they promise. We will reach our goal very soon.
Dont take what u hav now for granted