SH*T Coin Speculation Thread

STKR

STKR

Well-Known Member
Silver Stacker
There's a massive amount of hype with SafeMoon lately. They seem to have come a long way in a short amount of time, have a good marketing strategy and an interesting deflationary reward system.

As I know little about the inner-workings of crypto, I'm keen to hear the views of other members who have investigated SafeMoon and to see how many members have a position or are considering a position.

 
I didn't watch the vid, I had a look at their white paper and roadmap. The white paper is fairly brief on details and the roadmap is just, let's say, a bit vague. I can't say I recall reading merch sales as a significant milestone in other crypto projects. :cool:

I'm not up on the details but a deflationary token suggests it rewards early investors as supply cannot meet rising demand. I'm not a fan of deflationary tokens. Nothing there to enthuse me except a massive pump which could keep going - without my money.
 
I bought some the other day and I think I've seen a 100% return since. Every second more tokens get added to my position via their reward system - it's nice to watch.

This is just a gambling venture for me. My first crypto purchase, so brace yourself for a drop in the overall markets :D
 
Awesome @STKR, you'll have two options depending upon your investment strategy:

1. cash profits into BTC
2. HODL

Good luck with whatever you decide to do. :)
 
Apparently SafeMoon is now the #1 searched crypto on coinmarketcap.com

I'm following the hype.

mmm....shiney! said:
Awesome @STKR, you'll have two options depending upon your investment strategy:

1. cash profits into BTC
2. HODL

Good luck with whatever you decide to do. :)
Click to expand...

I'll HODL and cash out into fiat to buy another asset, like silver or gold. This is all fantasy speculation for me. Like buying 140 Million little lottery tickets :cool: I think I'll turn this into a hobby of mine - sniffing out Alt coins for speculation.
 
STKR said:
I'll HODL and cash out into fiat to buy another asset, like silver or gold.
Click to expand...

Okay, that's not the normal crypto strategy any more though. You've entered the Dark Side so time to think like a Dark Sider. :)

So thinking like a Dark Sider means that if you do decide to sell down the path you trade your Moonies for an asset that can earn a passive income like ETH (staking) or an asset you can use as collateral to secure a loan in stinky fiat (like BTC). That way you don't cash out of crypto into something that is inflationary and loses purchasing power. Fiat money is the cheapest thing on the planet (apart from water but it's also suffering from a State sanctioned monopoly on price) so you really don't want to swap a valuable asset for something that is going to devalue because assets are like camels, costly to accumulate.

Stay in crypto, don't swap for fiat or even PMs because they can't be used as collateral or can't be staked.
 
mmm....shiney! said:
Okay, that's not the normal crypto strategy any more though. You've entered the Dark Side so time to think like a Dark Sider. :)

So thinking like a Dark Sider means that if you do decide to sell down the path you trade your Moonies for an asset that can earn a passive income like ETH (staking) or an asset you can use as collateral to secure a loan in stinky fiat (like BTC). That way you don't cash out of crypto into something that is inflationary and loses purchasing power. Fiat money is the cheapest thing on the planet (apart from water but it's also suffering from a State sanctioned monopoly on price) so you really don't want to swap a valuable asset for something that is going to devalue because assets are like camels, costly to accumulate.

Stay in crypto, don't swap for fiat or even PMs because they can't be used as collateral or can't be staked.
Click to expand...

Agree with above. Can't remember when or where I heard it, but best advice I ever recall is "Just keep some skin in the game"
 
I just bought some too, exit strategy is gold or btc. As Stkr said, total speculation. Lol this is my first time buying a shitcoin. I only own the big 2
 
I now own 605 Million SafeMoon speculation tokens. It just keeps on climbing everytime someone sells. I get around 1000 tokens a minute for holding.
 
It's a tough one to assess as far as what a future price could be. Normally you'd compare total circulating supply and current market cap with one of the more established tokens to get some realistic future price but when the current market and total circulating supply is unknown then it makes it impossible. It may not be possible for it to even reach 1c for example.

Screen Shot 2021-04-18 at 4.45.10 pm.png
 
mmm....shiney! said:
It's a tough one to assess as far as what a future price could be. Normally you'd compare total circulating supply and current market cap with one of the more established tokens to get some realistic future price but when the current market and total circulating supply is unknown then it makes it impossible. It may not be possible for it to even reach 1c for example.

View attachment 54257
Click to expand...

400 trillion of those tokens have already been "burnt" - almost half of the original supply.

https://safemoon.net/

Screenshot_2021-04-18-17-01-44-67.jpg
 
So to equal BTC’s market cap it has to get to about 0.002c based on the current circulating supply.

So I would say it’s got 10x or maybe even 100x left in it max if all goes to plan.

:cool:
 
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