Crypto currency
- Thread starter djbombsquad
- Start date
ax1
Legend
Yes and they want to make sure they survive through any regulation changes even if it’s handing out statements. And they want to survive in the Apple/Google stores as well.
Safemoon ecosystem will be a hybrid of both centralized (the exchange) and decentralized (wallet swap) platforms, at least as far as I understand but anything can change.
I’d be surprised if they didn’t do KYC on the exchange.
ax1
Legend
Wow!!! Thats alot! May I ask your average cost? If not its ok I fully respect and Im freaking rooting for you!
ax1
Legend
GQdaLEGEND
Legend
ax1
Legend
Its just the top biggest wallets, early investors that gobbled up early are later investors that dumped millions/billions. Nothing to do with shorts but if you meant it as in they track it like they are tracking shorts in stocks then in a way is but its different and we have exact numbers at every second.
These cryptos are open blockchains, you can see all the wallets. Here is a website that shows you the wallets of the top Safemoon holders and where Ive been doing my own whalewatch.
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ValiantThor08
Board Sponsor
Saitama Inu a win?
ax1
Legend
A lot of the puppy and kitty coins are going to pump up as people look for the next Shiba but I haven’t done dd on any of them since I’m out of the buying market.
Swing traders taking advantage of the FOMO go in and out, but keep in mind if that’s another ethereum chain token on decentralized the gas fees might be crazy high so it may be a go in hard leave hard play.
It’s the same thing with all the “moon” tokens.
ax1
Legend
And wow….I looked up the chart.
It went up 1000% in a month…those that took a gamble on a early project potentially made a fortune, crypto is crazy Wild West that’s for sure.
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ValiantThor08
Board Sponsor
ax1
Legend
Wow that’s interesting, didn’t expect to hear that. I’ll check it out when I get on a PC.
I’m out of the market for buying but I have my eyes open for the next crypto/stock plays in case AMC squeezes.
If you get involved with the play feel free to post updates on that.
Just be careful that’s all I’ll say. Buying in right after massive run ups is scary, although in the crypto world things can defy all laws of nature LOL!
ValiantThor08
Board Sponsor
No, Safemoon has been this high before. Safemoon is a long play, so you may be profitable, just not soon.
Shiba Inu has a lot of room to grow with the potential agreements that may be in the works, (partnering with AMC, a game, and being listed on Robinhood).
ValiantThor08
Board Sponsor
ax1
Legend
You have access to that on a exchange I assume? If so that sounds much more reasonable, getting $50 of anything ethereum related can run anywhere from $100-$550 in gas fees these days unless you catch a low congestion moment. Ethereum v2 is way way long overdue.
My Shiba is staked, so Id have to pay first gas fees to unstake it and then gas fees again
Mathb33
Well-known member
Shiba is a done deal to me. I deposited thousands in April and made quite a lot of money and withdrew 2 nights ago at it’s all time high because at this point IMO it could go to **** any day like doge. I’m looking for a new coin that’s still low but got some nice hype like shiba did 6 months ago !
ValiantThor08
Board Sponsor
ValiantThor08
Board Sponsor
YouTube Saitama Inu
ax1
Legend
Its wild west right now, Safemoon is a long term play. It may pull back heavily or it may just keep running before it does who knows? But their ecosystem has the potential to be something outstanding as they are a tech company, not just a crypto.
Shiba has been impressively consolidating in the 6s and 7s, they have the Shibarium Blockchain in the pipleline, they just launched their NFT platform and you may be able to use it at AMC soon.
Personally, Ive learned to buy crypto and stocks that has solid project fundamentals but falling the other direction well in the red or have at least consolidated for a significant amount of time. So you have to measure your own risk.
There likely will still be cryptos that will be popping right now but I really dont know which, but I can tell you last crpto bull run I did get caught in more than a handful of crypto's that I should have sold and lost a bit a money on.
ax1
Legend
Im not 100% positive as I have not used it, but I think Shiba swap is dependent on ethereum gas fees until Shibarium is launched and ethereum is no longer needed.
I did pay gas fees to stake Shiba on Shiba swap and will have to again if I want to unstake so Im assuming swapping does as well. If you find out otherwise let us know.
Gas fees are to pay for computer energy to process transactions on the ethereum blockchain, just like Bitcoin fees to pay miners to mine coin.
ax1
Legend
Wow, congrats on the big win!!!!!!!!!!!
ax1
Legend
I found a Reddit that Ill start investigating, there are a few but Im following the one with over 11k users that claims to be official.
ax1
Legend
Actually, now that I think of it I was testing the actual swap in Shiba Swap and tried to swap just $16 of ethereum I have for Ryoshi Vision and the ethereum gas fees a week ago were $80.
It always changes depending on how congested the network is.
GQdaLEGEND
Legend
i agree with ax1 .. i like to zoom out the chart and see where it has been .. as you can see below .. it hit 96 a while back .. and the people who are in for a long run i can say wont even sell at .96
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always wise to dump half of $ and if u see the dip .. bow bow more $ down
"if you cant handle the eat, i suggest invest in some etf's" - some youtuber says that lol
ax1
Legend
LOL thats Kennan Grace, I think it goes a little closer to this, "If you cant handle the heat in the kitchen, I suggest you consider investing in index funds" something like that
ax1
Legend
And that 96 was just running primarily on fomo during the last crypto bull run. We know much much more now on real of a tech company they are with a complete ecosystem.
ValiantThor08
Board Sponsor
GQdaLEGEND
Legend
ax1
Legend
If you make any moves let us know, I usually stick to the fitness community when it comes to just about everything you can talk about lol
ax1
Legend
I just found out that Ethereum is now deflationary, not a direct source so I am not confirming it, but I ran into this info on Benzinga on how Shib is burning Ethereum, I was like what, Shib burning Eth???
"EIP-1559 enacted in August 2021. So far, the network upgrade has destroyed more than 670,000 ETH, which equates to around 50% of the new coins issued over the same period."
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"EIP-1559 enacted in August 2021. So far, the network upgrade has destroyed more than 670,000 ETH, which equates to around 50% of the new coins issued over the same period."
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Segansational
Well-known member
So I always seem to come in at the wrong time with this stuff (AMC, DOGE), so is it too late to buy in on SHIB? Or do we think this is going to keep climbing?
GQdaLEGEND
Legend
Amc dodge are long play .. esp doge .. I only have 1k coins but don’t plan on selling them even for a $1 just see what it does in 5yrs
As for shib I don’t think so .. if u can catch the dip .. if Robinhood is going to happen I think will fly from where it is at right now
Shib 73
Safemoon just saw it dip to 55
GQdaLEGEND
Legend
ax1
Legend
Its always harder to recommend stuff after a massive spike, for example Safemoon just had a massive pullback overnight but Im still holding for possibly a couple of years and I really believe myself it has alot of potential but who knows?
Shib is consolidating in the 70s which is showing strength, the longer it stays around that the better, but being it just has a massive pump if there was a massive market correction Shib will still be more prone to pull back really hard but keep in mind this thing can also fly to mars.
Crypto is a risky volatile game....back in 2017 when Bitcoin flew to almost 20k everybody was flying high......it was going to the moon, and then it crash all the way down to 4k and cleared people out.....unless they held for several years then they got rich. Back then some people especially in Korea young people put their life savings in crypto and then took the plummet to their death.
I usually rant off thoughts in my head, but I just want people to think before they invest. Ive lost thousands in a short period of time, how will you react if you dumped $7k into Shib and it falls to 1k? Because I have had my Shib holding drop that hard already once before.
Im holding my Shib and Safemoon long term so that should tell you something, but Im also in a position where Im already way ahead. I followed these coins and AMC every day for over half a year and thats why I am where I am today along with some luck, so the best thing to is being more involved with the research and being more comfortable with the projects buying in at the right times and being really patient knowing what you may put in you may all lose as I have made a handful as well.
If I truly really knew something like Shib was giong to go up Id dump my life savings into it right away. Im bullish long term as of today, but unexpected things may happen along the way
ax1
Legend
Well that didnt age well, my wallet dropped massively overnight and its still falling LOL!!!!!!
The extra reflections are nice though, the lower the price stays and the higher the volume the more you get, and being we are still an infant project I have no problem dealing pullbacks.
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ax1
Legend
Do you ever look at the charts? If not I would learn to read those, look at short term and also zoom out long term. Charts dont necessarily predict moves but they do help you make better less riskier decisions and find better entry points when moving in on a play. And of course, when it comes to crypto some things happen that defy the laws of nature but generally long term charts show several various and similar patters between cryptos. Following the projects directly closely help as well, find a good youtuber that helps keep you up to date, follow the company AMA's, and most importantly think for yourself to try to filter the biases out.
Ive actually learned alot this year simply by watching youtuber's doing technical analysis with AMC and other stock plays on a day to day basis.
Also if you really want to learn about cryptom I havent watched them in a while because Ive narrowed most of my focus on Safemoon (my absolute favorite) and Shiba these past few months, but a youtube channel called CryptoBanter is one of my favorites. Just try to watch it every day for a couple of weeks, things will really pick up naturally with time. They do charts, I really recommend you watch Sheldon Sniper go through those.
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ax1
Legend
2 other tokens that popped hard that I had for a while but unregrettably sold off when I did my mass consolidation into Safemoon over a month ago is GMR Finance a gaming token and NFTART/EnterArt which is going to be a independent music and art NFT platform.
I actually never lost faith in them but had and still have more in Safemoon, but I feel good I had 2 more good plays in my resume.
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Ryoshi’s Vision is now up a whopping 500% in 30 days, a token that they have dumped 10s of millions of so far to xShib holders.
If it wasnt for the ridiculous eth gas fees I’d have a lot more, but now I feel ridiculous not buying in lol!
They just reached a measly 15k wallet holders. Those of you that don’t know this is Shib’s founders new project. Last I tried buying some was 2 weeks ago and the gas fees were $180!
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I actually never lost faith in them but had and still have more in Safemoon, but I feel good I had 2 more good plays in my resume.
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Ryoshi’s Vision is now up a whopping 500% in 30 days, a token that they have dumped 10s of millions of so far to xShib holders.
If it wasnt for the ridiculous eth gas fees I’d have a lot more, but now I feel ridiculous not buying in lol!
They just reached a measly 15k wallet holders. Those of you that don’t know this is Shib’s founders new project. Last I tried buying some was 2 weeks ago and the gas fees were $180!
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ax1
Legend
One last thing lol
Who told you it’s too late to buy in AMC and DOGE? Especially AMC?
ValiantThor08
Board Sponsor
ax1
Legend
Especially if DOGE turns to PoS protocol and has more use cases, it has the potential to explode.
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Guess I'm just a HODLer at this point...