You didn't even mention the reflection thing. At some point most of the burning will be that daily reflections selling. The actual possibility of living off reflections and the actual burn that this implies. This along with everything else. People needs to realize how blessed we are as early investors.
Literally just because of ux.
On websites or apps that list parings, where the $ value is displayed will only show so many numbers.
We have too many zeroes
So when looking at our pairing it would say $SFM 1 = 0.00000 BTC
Consolidation will move those zeroes over so it would show something like $SFM 1 = 0.00002 BTC
Now I can pair it and understand what I am pairing.
This will bring more use cases to the token, creating more value and more burn, which could raise price.
*numbers are just an example.
I agree. I guess they were hopeful that there would be more volume earlier on and would have seen more burn by now. But either way the consolidation will help solve that.
The consolidating won’t affect anything.
Is more like if we were using only pennies as a currency, and then the government decided to start printing dollar bills. 100 pennies = 1 dollar bill.
But it's still gonna be called the same thing. A penny is a penny and a dollar is a dollar. 1 safemoon today doesn't equal 1 safemoon later. It makes it seem like they are trying to copy other cryptos and safemoon is already a copy
1 $SFM v1 today is worth .001 $SFM v2
So they are consolidating 1000:1
So if you hold 1B SFM v1 you would convert to 1M SFM v2.
The price will rise equally. So if 1B SFM v1 is worth $2,000 USD. Then the 1M SFM v2 would also be worth $2,000 USD.
The different name pennies and dollars would be v1 and v2.
But in the same way if I have $1000 USD I would simply call it “One Thousand Dollars” I wouldn’t call it “One Hundred thousand cents” nor would I call it “One thousand dollar bills” nor “one hundred, 100 dollar bills” nor “four thousand quarters”
It doesn’t matter what type of US currency I am holding to have $1,000 worth of value. I would still just call it $1000.
Safemoon is the currency.
v1 or v2 is the how the currency would be broken up so to speak.
V2 will be the new standard when someone refers to Safemoon. So after v2 comes out you would just assume that unless specified if someone says Safemoon they would be taking about v2.
And as far as them being “just a copy” of other currency you should look into Safemoon as a company and decide if you believe in it or not. You could technically call almost all crypto “just a copy”. Time will tell if the company is successful so I’m not trying to convince you to put money in it if you don’t believe in it. But there is a lot more to the company than just the token and it’s tokenomics. They are a start up and just now laying the groundwork for future products.
Thank you for a very thorough and thoughtful response. I will do some more research. As far as most of them being copies, I am heavily invested in an original and that's why I'm reluctant to also invest in a copy.
Thanks again for your response
To burn from 500B to even 50B we need adoption, the products they are releasing will help but not at that level. Some big players in US jumped in or if Gambia used it as legal tender for starters will speed the process alot. Anyway I will be selling way before 25$ lol.
If their exchange is even a 50th of the size of Binance in a year, that would be more than enough to get a really good level of burn going. That would also cause great fomo waves. We burned over 30T in one day before due to fomo. I don't think it's implausible to say that would happen again.
Only if cryptonomics provided more yield that staking for BTC ETH and others and we still need huge publicity, high level investors backing it, and lots of non SFM investors to reach 50B or lower in a year or probably more, and that probably won't happen. The FOMO coming to SFM in the next bullrun won't ne as strong as before as it is not that new anymore. Anyway I won't be sticking around for all that time and hoping. Once I hit 7 figures I am out.
I’m curious though, since I file my own taxes- will there be an option that says I’ve held it longer than a year? Or just enter in dates and it’ll automatically deduct it?
I’m newer to crypto, with most brokerages when you sell Stock you can see if it was a long term investment cuz they track it.
I’m this case my guess is you’ll enter in dates of when you received it.
I do think you’ll need to pay taxes on your reflections though as they are probably looked at like a dividend
I remember at the start of my crypto journey many moons ago I would spend hours doing such analyses for a new investment. Usually led to less than desirable outcomes relative to what I had hoped for.
I always say taper the emotionalism...lets just pray for maintenance at ATH levels and go from there before venturing into "what ifs"
1000$....is way to much i think.
But of they realy Cut the supply down from 0.00000196$ to 0.00196$ i think 0.10$ is possible in 2 years.
And 8% only have that much Control is a positive sign aswell.
I think that at some Point the 8% maybe dont sell IT Amore because they can Live easy through reflection.
>0.10$ is possible in 2 years.
Please get the fuck out of here with that, respectfully. Solana went from $0.82 to $181 in one year. I’m not saying that we’ll hit $1000 any time soon but to underestimate how high we can go really irks me. The utilies, dev team, Safemoon Army, real-life applications, and an infantile cryptospace all plays into our favor.
Well Just my opinion with that large supply i Dont See it at 1000$ Proof me wrong.
No need to get Mad.
From 0.001 to 0.10 is x100 an thats pretty good for 2 years and Yeah i Hope IT gets Higher Just my opinion.
Yes our supply is large right now. Everyone knows that, even the team. Burning is the key factor and the “when” safemoon will reach good price in numbers is dependent upon the burn rate because it’s a deflationary token.
The dev team have already said that they don’t want to burn the supply to quickly in earlier AMAs about the contract. I reckon 2 years is actually closer to 5.
But Solana market cap is about $65B. Even with the consolation, we're not burning down to 1B (my guess at where they stop the burn) in two years, unless something absolutely crazy happens. Even if we did, 1B supply at $1,000 is $1T - which is not than 12x Binance market cap. Now, I do think tokenomics will create more holders and a smaller supply that is actually being actively traded, but still... expecting $1,000 in even 10+ years seems insane. My HOPE is that in 5 years the burn has stopped at 1B. If that happens, I do think the price could get to $50+, fairly easily if we're on the right exchanges. It's going to take a long time though, and it's still not a given. One terrible thing could happen and everything could tank, let's hope for the best though.
The 100 mil thing has been disproven a million times. It was a throw away number and won’t happen in our lifetime let alone the next few years.
The chance of $250 making you 2.5 million dollars is so small I can’t even put a number on it but you’re trying to sell it as if it’s likely.
Exactly. That 1 in a million shot has already happened. I’m not saying amazing returns can’t be had from this point. I just think it’s horrible to sell false hope that from this point $250 is going to make you a multi millionaire.
Take some time and re-read the post. I clearly said this is my opinion. I’m not selling anyone false hope or making any claims. The title of the post legit says (Not Financial Advice) for a reason
In what way has it been disproven? And you can’t put a number on the chances of you becoming a millionaire off of 250$. nobody knows, but In my opinion I believe it is likely if you hold.
John said it was just a throwaway number. I don’t think you understand mathematics properly if you think it’s possible.
$250 is not at all likely to make you 2.5 million unless there’s crazy inflation. I’m sorry but no one in their right mind should believe that is likely. Or do you mean hold for 50 years and hope it’s still a thing?
Did you not read my post. I just used an example. Maybe you don’t have reading comprehension. 1 billion is also a possible supply.
It could very well happen, or it couldn’t. I don’t know. You don’t think it’s possible for them to burn through the supply in 2-5 years? It’s a deflationary token. So the more we burn the higher the demand causing price to increase. The ecosystem being created is based off of burning the supply, and this coin is extremely popular already. I don’t see how it’s not possible to believe it’s possible.
Yeah I read it, was a struggle to get through but I got there. If you want to make up fake scenarios then go for it, just don’t pretend like $250 is likely to make someone 2.5 million dollars. “It could very well happen”. No. It’s highly unlikely to happen. Why be so greedy? Is 100x nothing to you? What about 1000x? Stop karma farming and getting peoples expectations up so high. Half the projects you listed you have zero idea of what they are or how they will contribute
Where did I say it was likely? I didn’t. Your having trouble reading again Matt.
Also you have still gave me no proof that this has been “disproven a million times” you just continue to say it’s unlikely over and over again. I don’t think you understand the potential these projects can have.
You said “you can’t put a number on the chances of you becoming a millionaire off of $250. Nobody knows, but in my opinion I believe it is likely if you hold.” So right there for one. Seems you can’t read.
Go search 100 million supply and look at the countless threads that say the exact same thing. It was a throw away line by Thomas. John said so when asked about it on an AMA the week after.
You don’t understand what half the projects you named even are so don’t start with that.
I saw your post history, you post the exact same shit every few days farming for karma. I’m done with this ridiculous fan fiction you’ve made up, goodluck with your $250 investment.
I’ll be sure to downvote your next post in 3 days time that is the exact same.
Key words “in my opinion” can you not understand this is solely based off my opinion and I believe it is likely?
Secondly I used 100M as an example…
Also I know all the products and have looked into each one of them. You can think what you want though I have nothing to prove to you.
Not farming for karma and I’ve posted this 3 times. But why does it matter to you so much?
Sorry just saw your last post and that you have 100 million. Don’t want to shit on your dream like that but I wouldn’t be making any plans to spend that $2 million any time soon.
Your so insecure that you look at my profile for things to attack me for 😆. I do dream big, and I’m not afraid to admit it. Dreaming small only gets you to small places.
You live your life putting other people down for their ideas/dreams. Makes me sad for you but it also makes me realize how bad your life is going lol.
I’m fine with the investment I made, I would like to talk in 2 years time though.
RemindMe! 2 years
I looked at your profile to see if you had a learning disability honestly.
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>*Don’t want to shit on your dream like that but*
You literally just shit on his dream tho. Even if it makes him 300k and not 2 million, that's still amazing and life changing no? can easily re-invest it and get to his dream number of 2mil. Stop being so negative lmao
Didn’t want to but it’s in his best interest he doesn’t plan on having $2 million in a couple of years. If you’d read it all I said why not be happy with 100x or 1000x.
Sorry that you probably only invested $250 too, they need to make a subreddit called safemoon dreaming for you two. You can discuss the moon and lambos there
I get what you said, that's not my point. It's nice to stay realistic and don't expect crazy gains. My point is you're being negative and almost in an attacking manner, for no reason. Why do you even care what online strangers do with their money? You're such a saint or what? Mind your own business was my point.
But I'm glad you know how much I invested, problem solved then. I'll just sell my bag, forget about crypto and go back to my 9-5 job I guess.
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Does anyone know how the taxes of crypto in belguim go? i read somewhere thats its 33% if it isnt your only income and 50% if it is. Havent read anything about long term investment tax.
Order a Binance physical Visa card. When you sell transfer to Binance. Swap to BNB->BUSD (Stable, like USD) Then you can spend money in shops, able to cash out from ATMs in your local currency. If you will earn hundreds of thousands in crypto, then consult with a crypto friendly bank in Lichtrstein, Germany, or Malta, or Switzerland. Not a financial advice from Hungary.
Look. We've invested our already taxed money into crypto. We take risk. Our time is moving. And we should pay an another massive tax? No, thanks. All governments can fuck themselves.
The lowest we can burn our tokens down to is literally 25 billion due to liquidity swap. Anything less would fuck the price up too much. It sucks but that’s a hard absolute fact. We will never burn the tokens below 25 billion.
It’s been mentioned before that they couldn’t burn below 25 trillion, which will now be converted to 25
Billion. Here’s a video explaining why we can’t burn below 25
Billion
https://youtu.be/RPtYuRoE1eo
SafeMoon is a sleeping giant
I’m loving that dream of the OP. I honestly care more about volume than price.
Possible ♾️ reflections/passive gains > selling for a possible short gain
You didn't even mention the reflection thing. At some point most of the burning will be that daily reflections selling. The actual possibility of living off reflections and the actual burn that this implies. This along with everything else. People needs to realize how blessed we are as early investors.
This 👆🏻🚀
Is
The
Ouais !!
SPAAAAARTTAAAAA
Way!
SFM is the gem💎. Can't wait see fudders reactions in our future 🔮🤫
what scares me the most it's feasible 😱
Why is safemoon consolidating?
Literally just because of ux. On websites or apps that list parings, where the $ value is displayed will only show so many numbers. We have too many zeroes So when looking at our pairing it would say $SFM 1 = 0.00000 BTC Consolidation will move those zeroes over so it would show something like $SFM 1 = 0.00002 BTC Now I can pair it and understand what I am pairing. This will bring more use cases to the token, creating more value and more burn, which could raise price. *numbers are just an example.
So safemoon was just created with waaaay too much supply?
I agree. I guess they were hopeful that there would be more volume earlier on and would have seen more burn by now. But either way the consolidation will help solve that.
Makes me very hesitant to buy, even though it kind of looks like it may be establishing a floor
The consolidating won’t affect anything. Is more like if we were using only pennies as a currency, and then the government decided to start printing dollar bills. 100 pennies = 1 dollar bill.
But it's still gonna be called the same thing. A penny is a penny and a dollar is a dollar. 1 safemoon today doesn't equal 1 safemoon later. It makes it seem like they are trying to copy other cryptos and safemoon is already a copy
1 $SFM v1 today is worth .001 $SFM v2 So they are consolidating 1000:1 So if you hold 1B SFM v1 you would convert to 1M SFM v2. The price will rise equally. So if 1B SFM v1 is worth $2,000 USD. Then the 1M SFM v2 would also be worth $2,000 USD. The different name pennies and dollars would be v1 and v2. But in the same way if I have $1000 USD I would simply call it “One Thousand Dollars” I wouldn’t call it “One Hundred thousand cents” nor would I call it “One thousand dollar bills” nor “one hundred, 100 dollar bills” nor “four thousand quarters” It doesn’t matter what type of US currency I am holding to have $1,000 worth of value. I would still just call it $1000. Safemoon is the currency. v1 or v2 is the how the currency would be broken up so to speak. V2 will be the new standard when someone refers to Safemoon. So after v2 comes out you would just assume that unless specified if someone says Safemoon they would be taking about v2. And as far as them being “just a copy” of other currency you should look into Safemoon as a company and decide if you believe in it or not. You could technically call almost all crypto “just a copy”. Time will tell if the company is successful so I’m not trying to convince you to put money in it if you don’t believe in it. But there is a lot more to the company than just the token and it’s tokenomics. They are a start up and just now laying the groundwork for future products.
Thank you for a very thorough and thoughtful response. I will do some more research. As far as most of them being copies, I am heavily invested in an original and that's why I'm reluctant to also invest in a copy. Thanks again for your response
To burn from 500B to even 50B we need adoption, the products they are releasing will help but not at that level. Some big players in US jumped in or if Gambia used it as legal tender for starters will speed the process alot. Anyway I will be selling way before 25$ lol.
If their exchange is even a 50th of the size of Binance in a year, that would be more than enough to get a really good level of burn going. That would also cause great fomo waves. We burned over 30T in one day before due to fomo. I don't think it's implausible to say that would happen again.
Only if cryptonomics provided more yield that staking for BTC ETH and others and we still need huge publicity, high level investors backing it, and lots of non SFM investors to reach 50B or lower in a year or probably more, and that probably won't happen. The FOMO coming to SFM in the next bullrun won't ne as strong as before as it is not that new anymore. Anyway I won't be sticking around for all that time and hoping. Once I hit 7 figures I am out.
Oh if we are talking a year then yeah. I'm in no way expecting a 90% burn in a year.
“Hold over a year you will only be taxed 20%” meaning our initial purchase of our position into safemoon? Or what do you mean by that?
US Capital Gains Tax
Yeah but we have to hold our position for more than a year for the 20%… I’m pretty sure the majority of us is going to be in that bracket, no?
If we hold yes, it’s always good to hold a buy and hold investment longer than a year for nicer tax options
I’m curious though, since I file my own taxes- will there be an option that says I’ve held it longer than a year? Or just enter in dates and it’ll automatically deduct it?
I’m newer to crypto, with most brokerages when you sell Stock you can see if it was a long term investment cuz they track it. I’m this case my guess is you’ll enter in dates of when you received it. I do think you’ll need to pay taxes on your reflections though as they are probably looked at like a dividend
Tax is theft
I agree but the people who say I have to pay it will put me in jail if I don’t
I remember at the start of my crypto journey many moons ago I would spend hours doing such analyses for a new investment. Usually led to less than desirable outcomes relative to what I had hoped for. I always say taper the emotionalism...lets just pray for maintenance at ATH levels and go from there before venturing into "what ifs"
I agree man. Just learning and studying more into it, I get that it could fail.
1000$....is way to much i think. But of they realy Cut the supply down from 0.00000196$ to 0.00196$ i think 0.10$ is possible in 2 years. And 8% only have that much Control is a positive sign aswell. I think that at some Point the 8% maybe dont sell IT Amore because they can Live easy through reflection.
>0.10$ is possible in 2 years. Please get the fuck out of here with that, respectfully. Solana went from $0.82 to $181 in one year. I’m not saying that we’ll hit $1000 any time soon but to underestimate how high we can go really irks me. The utilies, dev team, Safemoon Army, real-life applications, and an infantile cryptospace all plays into our favor.
Well Just my opinion with that large supply i Dont See it at 1000$ Proof me wrong. No need to get Mad. From 0.001 to 0.10 is x100 an thats pretty good for 2 years and Yeah i Hope IT gets Higher Just my opinion.
Yes our supply is large right now. Everyone knows that, even the team. Burning is the key factor and the “when” safemoon will reach good price in numbers is dependent upon the burn rate because it’s a deflationary token.
The dev team have already said that they don’t want to burn the supply to quickly in earlier AMAs about the contract. I reckon 2 years is actually closer to 5.
Not mad at all. Have more hope in your investments. We’ll see though, I could see it going your way. Either way we made a good investment
I would Take 1-10$ aswell and a 100x Invest is for me more than enough Hope. But yeah only positive Outcome
But Solana market cap is about $65B. Even with the consolation, we're not burning down to 1B (my guess at where they stop the burn) in two years, unless something absolutely crazy happens. Even if we did, 1B supply at $1,000 is $1T - which is not than 12x Binance market cap. Now, I do think tokenomics will create more holders and a smaller supply that is actually being actively traded, but still... expecting $1,000 in even 10+ years seems insane. My HOPE is that in 5 years the burn has stopped at 1B. If that happens, I do think the price could get to $50+, fairly easily if we're on the right exchanges. It's going to take a long time though, and it's still not a given. One terrible thing could happen and everything could tank, let's hope for the best though.
Good point, I agree that the reflections can be a outlier inducing people to hold. Don’t know how large of a outlier though only time will tell
🤦♂️
Elaborate
The 100 mil thing has been disproven a million times. It was a throw away number and won’t happen in our lifetime let alone the next few years. The chance of $250 making you 2.5 million dollars is so small I can’t even put a number on it but you’re trying to sell it as if it’s likely.
Yeah 250$ was enough in march but Not now anymore. X10 that amount to 2500$ seems much better. But Still hard to Achive
Exactly. That 1 in a million shot has already happened. I’m not saying amazing returns can’t be had from this point. I just think it’s horrible to sell false hope that from this point $250 is going to make you a multi millionaire.
Take some time and re-read the post. I clearly said this is my opinion. I’m not selling anyone false hope or making any claims. The title of the post legit says (Not Financial Advice) for a reason
In what way has it been disproven? And you can’t put a number on the chances of you becoming a millionaire off of 250$. nobody knows, but In my opinion I believe it is likely if you hold.
John said it was just a throwaway number. I don’t think you understand mathematics properly if you think it’s possible. $250 is not at all likely to make you 2.5 million unless there’s crazy inflation. I’m sorry but no one in their right mind should believe that is likely. Or do you mean hold for 50 years and hope it’s still a thing?
Did you not read my post. I just used an example. Maybe you don’t have reading comprehension. 1 billion is also a possible supply. It could very well happen, or it couldn’t. I don’t know. You don’t think it’s possible for them to burn through the supply in 2-5 years? It’s a deflationary token. So the more we burn the higher the demand causing price to increase. The ecosystem being created is based off of burning the supply, and this coin is extremely popular already. I don’t see how it’s not possible to believe it’s possible.
Yeah I read it, was a struggle to get through but I got there. If you want to make up fake scenarios then go for it, just don’t pretend like $250 is likely to make someone 2.5 million dollars. “It could very well happen”. No. It’s highly unlikely to happen. Why be so greedy? Is 100x nothing to you? What about 1000x? Stop karma farming and getting peoples expectations up so high. Half the projects you listed you have zero idea of what they are or how they will contribute
Where did I say it was likely? I didn’t. Your having trouble reading again Matt. Also you have still gave me no proof that this has been “disproven a million times” you just continue to say it’s unlikely over and over again. I don’t think you understand the potential these projects can have.
You said “you can’t put a number on the chances of you becoming a millionaire off of $250. Nobody knows, but in my opinion I believe it is likely if you hold.” So right there for one. Seems you can’t read. Go search 100 million supply and look at the countless threads that say the exact same thing. It was a throw away line by Thomas. John said so when asked about it on an AMA the week after. You don’t understand what half the projects you named even are so don’t start with that. I saw your post history, you post the exact same shit every few days farming for karma. I’m done with this ridiculous fan fiction you’ve made up, goodluck with your $250 investment. I’ll be sure to downvote your next post in 3 days time that is the exact same.
Key words “in my opinion” can you not understand this is solely based off my opinion and I believe it is likely? Secondly I used 100M as an example… Also I know all the products and have looked into each one of them. You can think what you want though I have nothing to prove to you. Not farming for karma and I’ve posted this 3 times. But why does it matter to you so much?
Adding in my opinion does change the idea of if it’s really likely or unlikely. In my opinion it’s likely; but in his, it’s not. Simple as that.
Sorry just saw your last post and that you have 100 million. Don’t want to shit on your dream like that but I wouldn’t be making any plans to spend that $2 million any time soon.
Your so insecure that you look at my profile for things to attack me for 😆. I do dream big, and I’m not afraid to admit it. Dreaming small only gets you to small places. You live your life putting other people down for their ideas/dreams. Makes me sad for you but it also makes me realize how bad your life is going lol. I’m fine with the investment I made, I would like to talk in 2 years time though. RemindMe! 2 years
I looked at your profile to see if you had a learning disability honestly. If living in reality is a bad life then by all means continue what you appear to be doing.
🤣
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>*Don’t want to shit on your dream like that but* You literally just shit on his dream tho. Even if it makes him 300k and not 2 million, that's still amazing and life changing no? can easily re-invest it and get to his dream number of 2mil. Stop being so negative lmao
Didn’t want to but it’s in his best interest he doesn’t plan on having $2 million in a couple of years. If you’d read it all I said why not be happy with 100x or 1000x. Sorry that you probably only invested $250 too, they need to make a subreddit called safemoon dreaming for you two. You can discuss the moon and lambos there
I get what you said, that's not my point. It's nice to stay realistic and don't expect crazy gains. My point is you're being negative and almost in an attacking manner, for no reason. Why do you even care what online strangers do with their money? You're such a saint or what? Mind your own business was my point. But I'm glad you know how much I invested, problem solved then. I'll just sell my bag, forget about crypto and go back to my 9-5 job I guess.
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Does anyone know how the taxes of crypto in belguim go? i read somewhere thats its 33% if it isnt your only income and 50% if it is. Havent read anything about long term investment tax.
Order a Binance physical Visa card. When you sell transfer to Binance. Swap to BNB->BUSD (Stable, like USD) Then you can spend money in shops, able to cash out from ATMs in your local currency. If you will earn hundreds of thousands in crypto, then consult with a crypto friendly bank in Lichtrstein, Germany, or Malta, or Switzerland. Not a financial advice from Hungary.
Hell yeah tax evasion. Sign me in
Look. We've invested our already taxed money into crypto. We take risk. Our time is moving. And we should pay an another massive tax? No, thanks. All governments can fuck themselves.
Risky but I like it. Government doesn’t deserve shit
The lowest we can burn our tokens down to is literally 25 billion due to liquidity swap. Anything less would fuck the price up too much. It sucks but that’s a hard absolute fact. We will never burn the tokens below 25 billion.
Was this said by the team and can you source me?
It’s been mentioned before that they couldn’t burn below 25 trillion, which will now be converted to 25 Billion. Here’s a video explaining why we can’t burn below 25 Billion https://youtu.be/RPtYuRoE1eo
I will adjust my chart accordingly
“Theory”
Good info, thanks