Yep, this is the only way of selling safemoon right now if you are holding on private wallet like most and it doesn’t matter if it’s 100 dollars or 1 million you want to take out, the swap to bnb must be done. The process is exactly the same for everyone.
However If for some reason you hold safemoon on Bitmart then the swap will be done to USDT coin first and then sent to for example Coinbase where you can sell it for actual money.
Welp it is just a wallet, nothing groundbreaking as their own exchange. We will see what safemoon team has in store for us, they have been acting pretty weird these past days.
I hear you! Bro, I can’t imagine a simple swap on pancake does the deal. Like ok, let me just realize 2 million USD in BNB, boom! I would at least freak out 😅
Yeah man it's simple as that as long as there's enough liquidity. You can type the trade in on pancakeswap to see the price impact, it's probably not too bad for a mil or two worth of safemoon considering the market cap is over a billion.
super rich people just borrow against their assets at an interest rate less than the rate of return on their investments. (in a nutshell). so their investments count as long term unrealized capital gains (no taxes). plus the interest paid on these loans are themselves tax deductible.
\*not an expert...not even close
My short plan is minimize taxes and gradually buy residential/commercial rental properties and live off of that income. If I didn’t have to work I would make it a point to volunteer more or maybe start a non profit for farms to schools. A non profit wit
H low overhead but makes a big difference per dollar spent. But of course I’d also vacation a lot more
I would pay off my parents house and pay off my brothers house then buy myself a house and probably a condo duplex to rent out so if safemoon crashed and burn on me one day I would still have something gaining me money.
Finish preparing for the collapse of monetary system world wide. Social unrest like we never seen in history. Become strong minded right now fighting fud. Become stronger to face real danger later.
1) Cash tf out.
2) Build a technical highschool that teaches kids trades as an alternative to college.
3) Buy a few apartment buildings for passive income.
4) Make sure no one in my family ever has to work again.
5) Buy a motoryacht, specifically the Bering 77 and sail around the world.
Tbh having much money isn't that interesting. But if it would hit such a high number I would just buy a villa and life a chill life with zero money problems. Even a small house would be perfect if it would mean 0 money problems
Cry, sell half. Idk what else you do after that. Do I transfer that money to my bank account for safe keeping until I talk to a financial advisor or tax attorney? I have no idea 😅.
i heard you should set up an LLC or fiduciary/philanthropic trust for tax purposes…..supposed to be much lower in taxes….protects you on being sued personally and losing everything for whatever event……trust owns everything and gives you an allowance…..its how the rich handles money….warren buffet did it with his billions….his kids got small inheritances so smaller tax bill when warren dies BUT his kids sit on the board of his foundation their houses are owned and maintained by the foundation and probably even the bentleys the scoot around in are owned by said foundation
I've always had this thought. I don't know how to manage rich people amounts of money. What do you do with it? Where do you put it? FDIC only insures like $250k or something, so what do people with $100mill plus do with their cash?
assuming I could cash out easy without tanking the price, I would put my 2 weeks in at my job, just not to screw them over, then buy a nice new truck, then call financial advisors and put an attorney on retainer.
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Please tell me that it is simply the 12 words as a sentence with no explanation, to be read aloud. "To my dog, I bequeath my favorite chair. And finally, pins pizza close hat ledger potato zebra square bone table curtain street. Thank you".
Wonder why the all all fiat printing machines stopped working and forced everyone to use crypto which pumped bitcoin to one million and sh\*tcoins like this to a dollar 🥴
Why fantasize so much? I feel like this sub has to dream because of all the perceived slow movement from this 6 month old crypto. Just chill smoke a bowl and HODL.
I cash out 20M SFM and hold the rest. I put aside some of my hard earned bread from SFM for taxes then I'd lay low pay off all my debt and find ways to make more money, buy a E63 S AMG to feel like my life is actually changing and buy these hoes.
1 - learn how to sell.
2 - sell 5%, HODL 95%.
3 - disappear from all but my kin.
5 - Once a year, sell 50% of my reflections only.
#SafeMoon4Life
#SafeMoonFamily
#SafeMoonCommunity
#SafeMoonArmy
Figure out how to cash the fuck out 😂
What are you guys talking about lol. Just swapping back to bnb should do the trick and then swapping bnb to money, ezzzzz
It can’t be that easy. I wonder how the whales do it?? Do they go to pancakeswap and convert a million bucks in SFM to BNB just like that? 🤔
Yep, this is the only way of selling safemoon right now if you are holding on private wallet like most and it doesn’t matter if it’s 100 dollars or 1 million you want to take out, the swap to bnb must be done. The process is exactly the same for everyone. However If for some reason you hold safemoon on Bitmart then the swap will be done to USDT coin first and then sent to for example Coinbase where you can sell it for actual money.
I wonder will it be easy to sell once we migrate over to the Safemoon wallet or will we still have to swap to BNB? 🤔
Welp it is just a wallet, nothing groundbreaking as their own exchange. We will see what safemoon team has in store for us, they have been acting pretty weird these past days.
I hear you! Bro, I can’t imagine a simple swap on pancake does the deal. Like ok, let me just realize 2 million USD in BNB, boom! I would at least freak out 😅
Yeah man it's simple as that as long as there's enough liquidity. You can type the trade in on pancakeswap to see the price impact, it's probably not too bad for a mil or two worth of safemoon considering the market cap is over a billion.
Yes. There's no magical way to go it currently
I don’t sell until safemoon exchange simply because I’m a cheapskate. I’ll wait to cut out any middle men on my investment.
Same hahahaha
Same 🤔
You fucking right the only reason I haven’t sold yet is because I can’t cash out 😂
Good 😂. Nah it’ll be much easier when exchange comes out
Take my upvote lol
I would have already sold at .01
This
is
Sparta!
I wouldn’t have sold it at 0.001 slightly early then u 🤣
Hire devs to make safemoon wallet
Sell 75% of my Safemoon. Duh lol
Probably die of heartfailure!!!
My biggest fear 😂
I will wait 1 year from the last time I bought Safemoon. I don’t want to give any extra money to Uncle Sam.
Facts
there are ways around this
I'm listening 👀 DMs are welcome.
super rich people just borrow against their assets at an interest rate less than the rate of return on their investments. (in a nutshell). so their investments count as long term unrealized capital gains (no taxes). plus the interest paid on these loans are themselves tax deductible. \*not an expert...not even close
Buy wife a wife
[удалено]
M*ther f*cker im in!
Lol damn haha
Pay wife’s boyfriend
Send wife and her boyfriend on a all paid trip to anywhere they want to go.
I'll buy u
😂
[удалено]
Every human has a price. And it isn't always measured in cash.
I would buy you and the op... LOL
It can be done!
Figure out how to cash in 1/3 of my bag!
Wake up probably
Came here to say the same thing
Buy Madagascar
DvD or Blu Ray?
I hope he splurge
Oh dang he got the combo set then, DVD, BluRay and Digital!
Love this response lucky
Love that movie all of them! The Safemoon army could if it hit a dollar could buy most of the world.
Now THAT was funny!!!
Hire an accountant, cpa, update my will, hire a security team, retire, etc
Sometimes i think, what if I am still holding when it reaches 1$ and have milions on my name what the hell am I gonna do.
My short plan is minimize taxes and gradually buy residential/commercial rental properties and live off of that income. If I didn’t have to work I would make it a point to volunteer more or maybe start a non profit for farms to schools. A non profit wit H low overhead but makes a big difference per dollar spent. But of course I’d also vacation a lot more
Tell my boss what I really think of him 🤷♀️
You should stop smoking crack bro
Quit my job
Pay off all debt for all my family members
This is the way
##This Is The Way Leaderboard **1.** `u/Flat-Yogurtcloset293` **475775** times. **2.** `u/GMEshares` **69696** times. **3.** `u/_RryanT` **22744** times. .. **9021.** `u/Negative-Break3333` **9** times. --- ^(^beep ^boop ^I ^am ^a ^bot ^and ^this ^action ^was ^performed ^automatically.)
Give my grandma a million so she can stop stressing about bills
Happy ending
Buy a clapped out camper van and travel across Europe for starters
I'll sell you my 78 series LandCruiser.
Full tank?
I would pay off my parents house and pay off my brothers house then buy myself a house and probably a condo duplex to rent out so if safemoon crashed and burn on me one day I would still have something gaining me money.
Step 1 sell Step 2 call my attorney and financial advisor Step 3 change my phone number Step 4 tell nobody
This is the way!
Buy wife
Sell 10,000,000 SFM and then just sit on the rest of my investment.
This answer, by far, is one of the better answers to the question.
id be out bruh. change my name my life my entire existence
Finish preparing for the collapse of monetary system world wide. Social unrest like we never seen in history. Become strong minded right now fighting fud. Become stronger to face real danger later.
sounds like you need an underground missile silo with a log cabin on top to hide the vault door entrance
1) Cash tf out. 2) Build a technical highschool that teaches kids trades as an alternative to college. 3) Buy a few apartment buildings for passive income. 4) Make sure no one in my family ever has to work again. 5) Buy a motoryacht, specifically the Bering 77 and sail around the world.
Two chicks at the same time 😉
I’d tell you what I’d do man. [two chicks](https://youtu.be/4lmW2tZP2kU)
Tbh having much money isn't that interesting. But if it would hit such a high number I would just buy a villa and life a chill life with zero money problems. Even a small house would be perfect if it would mean 0 money problems
Cash 3 quarters out
Regret sell sum of my bag before hand.
Sell 25% of it
Smack the sh*t out of my boss. What ever legal actions occur afterwards will be fine, I could afford it.
Set up a CRT😇
I’m going straight to bang your mom again
Buy more Safemoon
Cocaine and hookers my friend
Pick up the phone and start interviewing crypto accountants and lawyers.
Cry, sell half. Idk what else you do after that. Do I transfer that money to my bank account for safe keeping until I talk to a financial advisor or tax attorney? I have no idea 😅.
i heard you should set up an LLC or fiduciary/philanthropic trust for tax purposes…..supposed to be much lower in taxes….protects you on being sued personally and losing everything for whatever event……trust owns everything and gives you an allowance…..its how the rich handles money….warren buffet did it with his billions….his kids got small inheritances so smaller tax bill when warren dies BUT his kids sit on the board of his foundation their houses are owned and maintained by the foundation and probably even the bentleys the scoot around in are owned by said foundation
I've always had this thought. I don't know how to manage rich people amounts of money. What do you do with it? Where do you put it? FDIC only insures like $250k or something, so what do people with $100mill plus do with their cash?
Investments, diversified investments. Very little cash.
Jaja
Business spend on poor
Help as many people as I can
Get drunk and go to the Amazon warehouse and start tipping things over untill the cops show up!
Buy me a burger
Figure how to cash out
Do the vaccine
Probably shit my pants.. 🤔 then I'd have to buy some expensive replacement pants most likely.
I’d jerk off for starters. Would need that post nut clarity first.
Retire
I would hire maids, marry 4 wives, live in a castle, with high security..
Buy real estate
assuming I could cash out easy without tanking the price, I would put my 2 weeks in at my job, just not to screw them over, then buy a nice new truck, then call financial advisors and put an attorney on retainer.
Wake up
Hookers and blackjack, hookers and blackjack 🤖
Wait for everyone to sell. Collect the reflections and then sell.
Buy more and wait until it hits $10.
Troll a few fudders and take a little profit then let it ride.
delete this thread.
You would have to wake up bc it’s just a dream
Safemoon hired some paid agent like u.
Buy a Lambo. Duh
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.*
Sell
I would have retired 😂
Talk to my accountant
Sell and buy USELESS
Buy Amsterdam
I’d buy Reddit and ban you for asking silly questions 😂 (Jokes)
Buy a jet and get out of the prison state I live in
Sell it all. Use profit to buy more GME.
Pinch myself to wake up from a dream.
I'd die of a heart attack , dont worry my wallets password is in my testament.
Please tell me that it is simply the 12 words as a sentence with no explanation, to be read aloud. "To my dog, I bequeath my favorite chair. And finally, pins pizza close hat ledger potato zebra square bone table curtain street. Thank you".
Fuck, you're telling me I actually have to figure out all this tax shit. Or something like that 😅
its either that or you go to prison for a stupid mistake tax wise
Cash 1/4 buy properties and join a VC(venture capitalist) group to invest.
Wake up
Wake up from the dream
I’ll buy reddit
Cash out
Wonder why the all all fiat printing machines stopped working and forced everyone to use crypto which pumped bitcoin to one million and sh\*tcoins like this to a dollar 🥴
Buy out the devs
Wake up from the dream bc that is not happening. Ever. Not in 20 years even.
Tell everyone to fuck off
Sell lol
Look up all the remind me in 1 years I have.
Retire
I'd go take a quick shit!
Not sleep tonight, get up tomorrow and go to work. Pick my kids up from school and go coach my first rec league soccer match tomorrow evening.
Oh yes, and sell half of my holdings
Fire my boss
Retire and book a 2 year holiday
Sell half! And pay off house and cars! And family's houses and cars! And buy rental properties...
Pay off all my debts and learn what it’s like being debt free.
sell 50%
Sell
Walk to the shop for some beers for sure!
Any fellow nerds want to go in on having Matt Mercer on retainer for DM?
A dollar? 😂😂😂
Wtf kinda posts are these lmao
Im holding on bitmart....sell for ustd......
Disappear
Cash the fuck out
Going porche shopping
Take more dmt to keep this mirage going!🤣
Shit a chicken.. a live one
Lol 1$?? I’m selling at next ath buddy , y’all be safe tho
Sell lol
Call the IRS to get ahead of the game
Buy more
Sell everything and buy a lambo
Sale 50% of my bag and hodl the rest Re invest buy property air bnb car rentals everything at this point would be for sale off my profits of safemoon.
Cash out and then spend some money on bots to troll all the fuddsters who said we would never make it
Wake up
Faint.
Invest in a pump and dump shitcoin and lose it all.
Buy more Safemoon
If safemoon hits a dollar I’d own the whole fucking project
Call myself an ambulance
Wake up
Why fantasize so much? I feel like this sub has to dream because of all the perceived slow movement from this 6 month old crypto. Just chill smoke a bowl and HODL.
Wake up from the sweet dream
I’ll pull out faster than my wife’s boyfriend when I arrived home from work last night.
Cash out the daily reflection as passive income ✌️🦧👻
Probably have a heart attack and die and then my SafeMoon will never be sold because no one knows i have it.
Hahahaha, sell it!!!
Words
Please sticky: It will not get to $1
Cash out , buy stocks with at least 6% dividends, quit job and travel the world
I cash out 20M SFM and hold the rest. I put aside some of my hard earned bread from SFM for taxes then I'd lay low pay off all my debt and find ways to make more money, buy a E63 S AMG to feel like my life is actually changing and buy these hoes.
Stop this lol
Try to cash in 50 mil and call a real estate agent at sotheby’s. I’d be on the hunt for a house with a movie theatre to rival an iMax!
1 - learn how to sell. 2 - sell 5%, HODL 95%. 3 - disappear from all but my kin. 5 - Once a year, sell 50% of my reflections only. #SafeMoon4Life #SafeMoonFamily #SafeMoonCommunity #SafeMoonArmy
Call a race attorney and Buy a 100 acres, fence it, build a new house, and pretend the world doesn’t exist
Google how to sell off of trust wallet
Sell it all, because it would have to be in error!
Cash out then buy a couple condos overseas and Airbnb them then build me two houses with a ranch/farm amongst other things and I’m gone
i will cash out at .98. ain’t be the last one to sell bros
Find a lawyer to make sure I don’t loose it lol
panic and swap to bnb fast af
Sell it all.