BITCOIN

Scottex99

And your wish is granted....

Adyinvestment

Scottex99 said:

And your wish is granted....

Ha ha, Perhaps I should post that more often, my chart says it started going up about 20 minutes after I posted 

Adyinvestment

Looks like the China non-news fud stories are having diminishing returns on bringing down Bitcoins price, seriously though how many times can China ban Bitcoin? this is not news!

Also this last non-news was announced by China on the 15th September, I find it very fishy that it was covered by all the news outlets this morning just a few hours before the end of quarter options expired...pretty sure that some large entities benefited by that bit of timing on old news.

Thrugelmir

Adyinvestment said:

Looks like the China non-news fud stories are having diminishing returns on bringing down Bitcoins price, seriously though how many times can China ban Bitcoin? this is not news!

Also this last non-news was announced by China on the 15th September, I find it very fishy that it was covered by all the news outlets this morning just a few hours before the end of quarter options expired...pretty sure that some large entities benefited by that bit of timing on old news.

Now illegal and considered a crime in China. The warnings have become more severe. Probably allowed Chinese investors time to offload their holdings held on foreign exchanges. China acts purely in self protectionist manner. 

Adyinvestment

Thrugelmir said:

Now illegal and considered a crime in China. The warnings have become more severe. Probably allowed Chinese investors time to offload their holdings held on foreign exchanges. China acts purely in self protectionist manner. 

Yes, they have finally made the transactions illegal, it is like rubber stamping what we all have been told many many times. Interestingly though that it is okay for a resident to own them (although I guess they can't spend them in China)

The timing is very suspect as this was announced on the 15th in China but reported on today.

Anyway in my book this is good news if this is the last we hear about it...something tells me that they will find some way to make more sensationalist stories though...que the stories of Chinese people being locked up and the keys thrown away!

Thrugelmir

Adyinvestment said:

Thrugelmir said:

Now illegal and considered a crime in China. The warnings have become more severe. Probably allowed Chinese investors time to offload their holdings held on foreign exchanges. China acts purely in self protectionist manner. 

Yes, they have finally made the transactions illegal, it is like rubber stamping what we all have been told many many times. Interestingly though that it is okay for a resident to own them (although I guess they can't spend them in China)

The timing is very suspect as this was announced on the 15th in China but reported on today.

Anyway in my book this is good news if this is the last we hear about it...something tells me that they will find some way to make more sensationalist stories though...que the stories of Chinese people being locked up and the keys thrown away!

Was an announcement by the BoC today. Devil is in the detail that is of no interest to foreigners. 

prowla

Just a note - I've not particularly noticed any before, but I've have a phishing email allegedly from Binance today.

Hopefully folks are savvy enough not to click on links in emails...

mooneysaver

So firstly, I want to start this off by saying I hope everyone is okay. Sucks to see the price going down and it's been going down for a long time now. I am never the type of person to tell someone to hold. If it's affecting your mental health as much as it seems to some people in this sub, just sell. Crypto, and Safemoon even more so is a high risk high reward investment, but it isn't worth harming yourself in the process. This could go to zero, or it could go up further.

1. Brand Recognition -

People really underestimate the power of brand recognition. Safemoon is at the point where so many people know about it, for better and for worse. Why is this a good thing though? People are scared to invest in the unknown. If you imagine your average retail investor who is new to Crypto, if Safemoon or Doge was to start pumping do you think they'd rather invest in those? Or a Crypto that is unknown to them? This also translates well over to us releasing apps. Would they be more likely to install a Safemoon Exchange app? Or another exchange they hasn't heard of?

We do have bad recognition as well, some of it deserved, others not. How many of you heard about Bitcoin years ago and everyone saying it was a scam? Yet majority of people would invest in it without a second thought now. The team can change that outlook overtime. Things in the Crypto space move very quickly.

1. Marketing -

People seem to forget that nearly all of this growth in popularity has been organic. All of the advertising has been done by the community, whether that be fundraisers, word of mouth etc. Sure Safemoon have got their hype videos and everything like that, but have you ever seen an ad for Safemoon? I barely have. There was the one in Picadilly, and that in part with the impending wallet released caused our price to pump. Unfortunately the Dev team messed this up, and I imagine was the main catalyst into the shift around if the team. I imagine Safemoon will have a solid marketing plan once our applications start to fully come out.

1. Products due to release/Being improved on -

I won't include future projects in this, like the blockchain, exchange etc. The Safemoon Wallet is being improved on every single day, and there are some really cool features due to be added like adding contacts. Adding contacts is the type of fetaure that will majorly appeal to new investors. Hell even people long term hate sending money to blockchain addresses. Anything we do like this which focuses on UX will help us massively.

Add to this, we should have short term: - Some form of a buy button, whether that be through Wyre or the teased bank transfer - The wallet on IOS - An expansion on Safemoon Swap to include other tokens (The more tokens the better, as all purchases contribute to burn) - V2 token

Which should help boost or stabilise the price.

1. Brand Loyalty -

I noticed another user compare Safemoon to a Jack of All Trades, whilst this can be seen as a negative I actually see this as a positive. The more things we create, the larger our ecosystem grows and the Safemoon community has showing they're quite willing to work within that ecosystem. Imagine having a Wallet, Exchange, Swap, Hard Wallet, Card, etc all interacting with each other and a community that stayed within that ecosystem with Safemoon at the centre. Hell the Safemoon Wallet on Android alone has over 100k users in an extremely short time.

1. Willingness of the team to improve -

One of the main issues with Safemoon in my eyes is some of the people on here who will not allow others to criticise the project. It is so detrimental and people don't realise it. Look through my post history, I have criticised the team so much when deserved (and let's be honest, they've messed up a lot) and they have improved near enough each time. Look at the hire of the FudHound for example. He's been amazing. Look at the improved transparency in AMAs through the Twitter Spaces. Look at the clearing out of the dead weight in the team.

1. The Burn -

In no way am I saying the downtrend in price is a good thing. People who say this are looking through rose-coloured glasses, however the lower the price goes the more burn we accomplish on a reversal (If we reverse of course)

1. CC Subreddit -

CC is the biggest Cryptocurrency place around. Unlike many on here, I have nothing against them. Safemoon have done shady things, they've done things incorrectly, a lot of the criticism at the end of the day is deserved. There is so much money in that subreddit, and even though they like to make jokes at Safemoons expense most our doing it out of good faith.

They don't want to see people lose there money, they don't want Crypto to get more of a bad rep, and they don't want more high profile scams to lead to bad publicity or regulation issues.

However, they do censor positivity towards Safemoon and they have also shown they will change if a product proves itself and they do spout a incorrect information that is taken as proof. Imagine if Safemoon does half the stuff it's promising and probes them wrong? That opens up a whole new section of investors that will put good money into things.

1. The Future -

I don't want to go into this too much because the future is all subjective. All these things could happen, they could just as easily not happen. But if you trust the team, we have a lot of really cool stuff coming down the line.

Final Thoughts -

Safemoon to me, is still the same high-risk, high-reward project it's been since I first bought some. Just now with less hype and more use-casses. Could it go to zero? Yeah. Could it soar? Yeah. I invested as much as much as I could afford to lose for the long term, so when it goes down I shrug, and when it goes up I shrug.

User232002

Safemoon is an actual ponzi scheme that nobody should be touching with a bargepole. There's a reason why it isn't listed on any of the major exchanges.

Sorry you lost money, but it always was what it is.

Adyinvestment

mooneysaver said:

So firstly, I want to start this off by saying I hope everyone is okay. Sucks to see the price going down and it's been going down for a long time now. I am never the type of person to tell someone to hold. If it's affecting your mental health as much as it seems to some people in this sub, just sell. Crypto, and Safemoon even more so is a high risk high reward investment, but it isn't worth harming yourself in the process. This could go to zero, or it could go up further.

1. Brand Recognition -

People really underestimate the power of brand recognition. Safemoon is at the point where so many people know about it, for better and for worse. Why is this a good thing though? People are scared to invest in the unknown. If you imagine your average retail investor who is new to Crypto, if Safemoon or Doge was to start pumping do you think they'd rather invest in those? Or a Crypto that is unknown to them? This also translates well over to us releasing apps. Would they be more likely to install a Safemoon Exchange app? Or another exchange they hasn't heard of?

We do have bad recognition as well, some of it deserved, others not. How many of you heard about Bitcoin years ago and everyone saying it was a scam? Yet majority of people would invest in it without a second thought now. The team can change that outlook overtime. Things in the Crypto space move very quickly.

1. Marketing -

People seem to forget that nearly all of this growth in popularity has been organic. All of the advertising has been done by the community, whether that be fundraisers, word of mouth etc. Sure Safemoon have got their hype videos and everything like that, but have you ever seen an ad for Safemoon? I barely have. There was the one in Picadilly, and that in part with the impending wallet released caused our price to pump. Unfortunately the Dev team messed this up, and I imagine was the main catalyst into the shift around if the team. I imagine Safemoon will have a solid marketing plan once our applications start to fully come out.

1. Products due to release/Being improved on -

I won't include future projects in this, like the blockchain, exchange etc. The Safemoon Wallet is being improved on every single day, and there are some really cool features due to be added like adding contacts. Adding contacts is the type of fetaure that will majorly appeal to new investors. Hell even people long term hate sending money to blockchain addresses. Anything we do like this which focuses on UX will help us massively.

Add to this, we should have short term: - Some form of a buy button, whether that be through Wyre or the teased bank transfer - The wallet on IOS - An expansion on Safemoon Swap to include other tokens (The more tokens the better, as all purchases contribute to burn) - V2 token

Which should help boost or stabilise the price.

1. Brand Loyalty -

I noticed another user compare Safemoon to a Jack of All Trades, whilst this can be seen as a negative I actually see this as a positive. The more things we create, the larger our ecosystem grows and the Safemoon community has showing they're quite willing to work within that ecosystem. Imagine having a Wallet, Exchange, Swap, Hard Wallet, Card, etc all interacting with each other and a community that stayed within that ecosystem with Safemoon at the centre. Hell the Safemoon Wallet on Android alone has over 100k users in an extremely short time.

1. Willingness of the team to improve -

One of the main issues with Safemoon in my eyes is some of the people on here who will not allow others to criticise the project. It is so detrimental and people don't realise it. Look through my post history, I have criticised the team so much when deserved (and let's be honest, they've messed up a lot) and they have improved near enough each time. Look at the hire of the FudHound for example. He's been amazing. Look at the improved transparency in AMAs through the Twitter Spaces. Look at the clearing out of the dead weight in the team.

1. The Burn -

In no way am I saying the downtrend in price is a good thing. People who say this are looking through rose-coloured glasses, however the lower the price goes the more burn we accomplish on a reversal (If we reverse of course)

1. CC Subreddit -

CC is the biggest Cryptocurrency place around. Unlike many on here, I have nothing against them. Safemoon have done shady things, they've done things incorrectly, a lot of the criticism at the end of the day is deserved. There is so much money in that subreddit, and even though they like to make jokes at Safemoons expense most our doing it out of good faith.

They don't want to see people lose there money, they don't want Crypto to get more of a bad rep, and they don't want more high profile scams to lead to bad publicity or regulation issues.

However, they do censor positivity towards Safemoon and they have also shown they will change if a product proves itself and they do spout a incorrect information that is taken as proof. Imagine if Safemoon does half the stuff it's promising and probes them wrong? That opens up a whole new section of investors that will put good money into things.

1. The Future -

I don't want to go into this too much because the future is all subjective. All these things could happen, they could just as easily not happen. But if you trust the team, we have a lot of really cool stuff coming down the line.

Final Thoughts -

Safemoon to me, is still the same high-risk, high-reward project it's been since I first bought some. Just now with less hype and more use-casses. Could it go to zero? Yeah. Could it soar? Yeah. I invested as much as much as I could afford to lose for the long term, so when it goes down I shrug, and when it goes up I shrug.

This is a pure copy/paste of a Reddit thread.

Why are you trying to shill this on a Bitcoin thread?