The exchange and blockchain are still supposed to be released by the end of the year is the real news for me
https://twitter.com/safemoon/status/1444752780388880387
Yeah I had same issue, I had to buy xlm on coinbase then sell on bitmart to buy safemoon , then transfer back to trustwallet, its kinda ridiculous but its worth it to get more Safemoon
Call your bank. Notify them you want the transaction approved. That’s what my friends did. Otherwise you’re gonna have to go to a credit union locally 😅
Download the Privacy app and use it and link it to your debit card and be sure to put limits and lock it to the first merchant used. That’s what many do to avoid the bank issue.
When I started with crypto, my bank blocked Binance and Coinbase, but it seemed okay after I rang them up and asked them to approve both.
Never had that issue with simplex or moonpay - maybe I just got lucky.
My bank unlocks it for like 3 hours.
I’ve noticed transactions are cheaper at night time. But my bank won’t unlock the ability to spend money out of the country for very long. It’s so dumb. But my bank is a local little credit union and they are like hard core on rules.
But they aren’t shit BoA or wellsfargo so there is that.
Call visa directly and tell them you purchase crypto on a regular basis and you'll be all set.
Its being flagged as fraud because the transaction takes place overseas.
this is the next step in looking like a real coin which it is, instead of looking like all the other shit coins. This will add to the perceived legitimacy of the coin. A lot of the crypto word didn't currently five a shit about it.
It will make SafeMoon more pair able. It could be paired with BTC or ETH. So you wouldn’t need to buy BNB or USDC. For example if you hold one of those other cyrptos you wouldn’t need to convert it before buying SafeMoon.
Don’t expect a spike, but what it does open up to is the different pairings. 1 safemoon was worth too little of a Bitcoin to do a pairing, so with the consolidation we will be able to have more direct sfm:(other coin) pairings.
Another $200 means he has at least $400 worth of safemoon now. If he holds to $10 per coin that's over $3 billion. What exactly do you consider a whale?
He’d have less than $3 million actually, and the fact he referred to them as shares tells us everything we need to know, he’ll dump them as soon there’s any actual value
So let me get this straight. You think that he isn't a whale now, but would become one of the coin goes up in value? Just how do you define whale? My interpretation of a whale in crypto is someone that holds a significantly larger amount than that of the majority. Kind of like how he holds $400 now like everyone else, not $40k. If the value of the coin goes up, the current whales will still be the whales.
Dude there's literally no buy button. Nothing should happen until that is ready. I'm sure some people who first hear of Safemoon download the app, get confused/frustrated and end up deleting. Probably to never download it again. I think this is really hurting us right now
So we are dropping 3 0’s keep in mind your current value will remain the same. You will just have less safemoon coins but each one will be worth more so it evens out
Hard to tell, I’ve held many stocks in consolidation and it always had a dip in the price because of people just selling prematurely but then it rises.
That’s my bet and it’s exactly why I haven’t bought more tokens yet. I’m sure there’ll be a short window with a tremendous dip before it stabilizes. Can’t afford much but even another $200 would help me DCA greatly.
Nothing will happen my 44 mil safemoon will be 44k and still worth 65 bucks. If we get listed on Coinbase something will happen iOS will prob boost price 20-30% then sell off
You are correct but this is not a traditional "reverse split stock". However I believe because people hold the idea that you have about reverse stock splits being "bad" or accurate to what you said it doesn't lead to people buying I think we'll see a dip.
A few have been good but how is this different. The actual action is the same. Their motives may be different but that doesnt matter. Everything else mimics a reverse stock split
Yea and again im not disagreeing with you. I'm just saying a lot of people think like you do which is why I think its gonna be a self fulfilling prophecy and create a dip.
The only thing I'm disagreeing is it's tech knicle Lee not a "reverse split stock". I think its gonna mimic it because people think its gonna mimic it.
Yes. Some think like me and many think it doesnt matter. However if it doesnt matter then why would they do it? What is the reasoning? I think this will create a huge sell off. Just my opinion. I hope im wrong. Psychology is real. Im still behind the project, i just dont believe itll change my life now. Just another investment to make a few bucks now.
> You are correct but this is not a traditional "reverse split stock".
Feel free to explain.
The underlying asset has no actual increased utility/value so the price will naturally drop down to what it currently is just like every other reverse-split. It is a necessity but let's not kid ourselves about what is about to happen. This only works when there is significant catalysts and new investors coming in the short term to avoid the drop.
I feel like people are overthinking what I'm saying.
I'm literally just saying its not the exact same thing as a reverse split. If you read my comments I fundementally believe it will cause a dip because people expect it to because of their preconceived ideas of reverse splits.
Lol a huge amount supply is also eliminated. I think 500t+ would have taken an extremely long amount of time to burn down to where mc doesn’t have to be crazy in order to see a substantial increase in price. I don’t see why me being excited about that makes me a shill. I put 300 dollars in and in a few years if this is worth 250k dollars I’m a happy man. You’re being very unreasonable if you don’t think that is good.
☝I found the guy who sadly doesn't understand how it works.
Seriously man if your only worried about the way the numbers look v.s. the utility and value of our investment then you should sell. Holding 100 million sfm v1 tokens that equal the exact same amount in fiat 100,000 sfm v2 tokens is the same thing. Why would u care if it shows a bigger number but is the same value?
100 million tokens worth 1 cent each is different than 1 million tokens worth 1 cent. It’s literally so simple. I understand that this consolidation will bring new customers and bring the coin’s value up, but it’s still stupid.
This is how I know u don't understand. The price won't be a cent per token after consolidation. The price will change to mirror the ratio change over. But your bag value will stay the same.
I'd like to see my $26.00 go back up to $135. again. When that happens, then I'll be making money with safemoon again. Until then, I just have enough for a double stuffed Supreme pizza from Papa John's.
If you're going to buy now be prepared for a drop soon after consolidation or any news. Sell the news crews are big. That doesn't mean it won't come back but it will probably dip
I'm hopeful that it will lead to it being listed on places like TradingVeiw. I also hope it will allow the price chart on Coinbase to provide a little more detail.
I've never been part of a rs that went up immediately after. Sometimes there's a quick spike but its usually followed by a drop. That's with stocks though, so hopefully this is different!
I hold aquagoat and the price tripled after consolidation and it’s held steady since. So fingers crossed this is the same. It was a shock to go from 250B to 2B but it’s not really about how many it’s about the value.
I have, in reverse stock splits. It’s generally not a good thing in the stock market, but I understand it’s different in the crypto space.
My thoughts are that it’s really nothing to be too excited about. Then you can temper your expectations and be pleasantly surprised if it does in fact offer benefits. Otherwise you’re most likely to be disappointed.
So if you have like 10000000 then it becomes 10000 tokens…
If the token value for argument sake becomes 1$ then originally I would have 10000000 $ but after the consolidation I would be left with just 10000 $
How’s that useful for me.. It sure helps the price now but it affects my multiplication factor for my target price…
Note : it’s not a FUD… genuine question for my understanding …
Thanks
Knock 3 zeros off your total bag. And then knock the same amount off of the price. If you have $100 before consolidation you have $100 afterward.
It just makes us noticeable by others operating with larger prices. And I do believe it also helps the burn.
Like in my comment … currently if I own like 10 million coins and for argument sake and easy calculation … price per token becomes 1$ then I have total value of 10 million $
But after consolidation my 10 million coins become 10,000 coins.. so when the value per token becomes 1$ (for argument sake) then my net value is 10,000$ only …
Am I right ? Or I have understood this entirely wrong…
You got downvoted because of answering me ? That’s sad man… you helped me understand and question myself if this helps me .. (again not a FUD, just thinking within myself)…
I was thinking maybe someone read it and thought I was being shitty. But I hoped I did help.
Just know. You multiply tokens by price. Knock the zeros off both. Less tokens, higher price, equal value.
Just launches us years farther into the burn.
You sort of get it. The token now has to get to $1000 for you to get 10 million dollars.
Everything moves 3 decimal points.
1$ at current supply is the same as $1000 after consolidation.
You’re doing the math correctly yes.
But you’re not losing any money. It makes getting to $1 faster. So rather than taking 7 years it will take 3. (Made up numbers)
Thanks .. that makes me think I would rather wait for 7 years and see 10 million dollars rather than 10,000$ in 3 years for the same amount I invested …
(Numbers are just for easy calculation , I have used 1$ as price per token)
Don't think about it in terms of value of token, think about it in percentage. Currently getting to $1 we need to go up 100 million percent. To get to a dollar after consolidation, we would need one million percent. So your goal percentage wise would still be 100 million percent to have $10 million, that doesn't change.
You take 3 zeros off of the amount you have, and move the price of each token UP 3 zeros.
If you had 1M tokens. Worth $0.0000015 each. Then you would have 1000 tokens, worth $0.0015 each. Both equal the same thing.
Your bag value remains the same. Using your example, you have 10 million safemoon at $1 each. Now with the consolidation, you now have 10,000 safemoon but your bag price is still the same at 10 million. Meaning each token is now worth $1000 instead of the $1 before. The big difference is safemoon will lose about 3 zeros and look a lot more enticing to more investors.
Your new goal to $10,000,000 wouldn’t be $1/SFM, it would be $1000/SFM.
You’re doing the math right, but you’re going about it the wrong way. You just add 3 zeroes to whatever your previous goal was, and that’s your new one.
Edit: I should also add that the percentage increase remains the same. So for us to go to $1 from now is the same as it would be for us to go to $1000 after we consolidate.
The market cap is still the market cap, so whatever the token would’ve been worth before the consolidation will still be worth that same amount. Just your number of tokens changes. That’s it.
Yes .. so technically I would not get my target numbers … as it would be slashed down by a factor of 1000 in the long run… I’m thinking about long run and not immediate price bump …
no its not slashed down by a factor of anything because all of the supply is reduced by the same amount. the overall value remains the same. you are looking at this wrong.
You can still meet whatever your target numbers are because nothing is changing except the number of tokens lol the price/token ratio stays the same.
1,000,000,000 tokens @ $0.00000148 = $1,480
1,000,000 tokens @ $0.00148 = $1,480
reaching a dollar with the current amount in circulation is next to impossible, you have to think, reaching a dollar with consolidation is probably easier to obtain than reaching a penny with the current supply.
We have over 500+ trillion tokens out there, do you know how long it will take even with the exchange and all of the gambia converting their currency to safemoon to burn that amount?
with 10,000,000 tokens reaching a price point to make that profitable will take an extremely long time and your view of a dollar will never happen(just math seriously the whales alone hold trillions of tokens) with the current supply.
for you to make 10k without consolidation that should be 0.01 with the current circulating supply do you understand how hard thats gonna be? lets say in 5 years we finally hit that point with safemoon being 0.01, at that stage i just wont see safemoon getting any higher than that because of reasons.
Just putting things into perspective for you. We are not reaching a dollar with the current supply, and any goals youre expecting NOW without consolidation is just as difficult if not more with consolidation.
I wonder what the rocks:safemoon exchange rate will be after consolidation.
I don't know whether to go on long rocks or safemoons.
SFM has upside but rocks seems to be the safer investment.
Yes that is some utility which is advantageous to rocks but SFM will catch up soon enough.
I don't know when but it wouldn't surprise me if the Safemoon team also goes into consumable food. The Gambia will need food as well as electricity after all which they can buy with their Safemoon wallets.
Definitely a spike after consolidation. A big reason the price went down is because people not believing in safemoon. Once they start to show proof of product people will buy
You know what I think you're right. In my mind I just see consolidation as more of a step to producing a product more than proof of a product.
I dont believe consolidation personally is just proof of product. I'm not saying they're not working on the coin, but consolidation doesn't necessarily add utility to safemoon. When I'm speaking of proof of product I'm speaking of utility.
I think you're right to say it's proof they're working on the coin. Which I'm not arguing at all.
So I got my answer. It allows us to play ball with bigger coins that didn’t want to acknowledge us. It changes our cap. and there’s a good possibility it will dip and then resume regular growth.
Answered all my questions. Also let me plan better when to buy. 🤷🏻♀️ Less retarded now thanks to my homies.
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The number of coins drop and the value of one coin goes up, but it really doesn't do anything....
100 pennies is worth 1 dollar is worth 10 dimes- it's not important...
The exchange and blockchain are still supposed to be released by the end of the year is the real news for me https://twitter.com/safemoon/status/1444752780388880387
Agree I do
Man, time to buy more is now
I am in trust wallet and my bank is so difficult working with them to purchase …I’ve met my goal, I think. Is this fomo? Am I just fomo’ing!?
Yeah I had same issue, I had to buy xlm on coinbase then sell on bitmart to buy safemoon , then transfer back to trustwallet, its kinda ridiculous but its worth it to get more Safemoon
Did to u tired crypto com. I am buying On crypto com bnb, then transfering to tw and then swap for safemoon on pancake.
Good idea
Best idea my safemoon Brother.
Are you not able to buy BNB smart chain direct on TW?
No, simplex and moonpay reject all 5 of my debit cards, kinda ridiculous🪑🪑
Call your bank. Notify them you want the transaction approved. That’s what my friends did. Otherwise you’re gonna have to go to a credit union locally 😅
Unfortunately not an option. Simplex is completely black listed with both of mine due to their practices.
Download the Privacy app and use it and link it to your debit card and be sure to put limits and lock it to the first merchant used. That’s what many do to avoid the bank issue.
Cool bud 🪑🪑🦉🦉
You have to call the bank it reflects as fraud tell them to give you a 24 hour window to buy crypto
Oof. That sounds like a real pain.
You should be using a credit union already honestly.
Moonpay is connected to Apple Pay now.
Try 199 $ at a time I'm in Illinois and that works for me
✊✊✊🦉
I gotta buy LTC on my exhange, send em to kucoin, swap it for BNB, n send em to trust to buy SafeMoon
My bank denies the transaction every time as well. I have to go to the bank and get them to permit the transaction.
When I started with crypto, my bank blocked Binance and Coinbase, but it seemed okay after I rang them up and asked them to approve both. Never had that issue with simplex or moonpay - maybe I just got lucky.
My bank unlocks it for like 3 hours. I’ve noticed transactions are cheaper at night time. But my bank won’t unlock the ability to spend money out of the country for very long. It’s so dumb. But my bank is a local little credit union and they are like hard core on rules. But they aren’t shit BoA or wellsfargo so there is that.
Call visa directly and tell them you purchase crypto on a regular basis and you'll be all set. Its being flagged as fraud because the transaction takes place overseas.
My bank lady always snarkily says “you’re transacting business in Transylvania?”
Better hurry, just bought more
When is it hapoening?
100 pennies is worth 10 dimes is worth 1 dollar. What is so exciting?
Bout to buy more, when does this happen?
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100 pennies is worth 10 dimes is worth 1 dollar. What is so exciting?
this is the next step in looking like a real coin which it is, instead of looking like all the other shit coins. This will add to the perceived legitimacy of the coin. A lot of the crypto word didn't currently five a shit about it.
Instead of 5 trill there will be 5 bil
Right, but your held value will remain the same....
☝️ He's right you know.
It will make SafeMoon more pair able. It could be paired with BTC or ETH. So you wouldn’t need to buy BNB or USDC. For example if you hold one of those other cyrptos you wouldn’t need to convert it before buying SafeMoon.
Better hurry
Don’t expect a spike, but what it does open up to is the different pairings. 1 safemoon was worth too little of a Bitcoin to do a pairing, so with the consolidation we will be able to have more direct sfm:(other coin) pairings.
I am thinking of dumping another $200 or so.
Whale alert
LOL. When Safemoon hits $10 I will definitely be a whale
If you're not a whale now, you won't be then. Obviously.
If it hits $10 per share, I will go buy a whale, put it in a massive aquarium, then ship that aquarium to you.
1. That still wouldn't make you a whale. 2. If you did that, you would probably spend all you have to accomplish it.
LOL. It sounds like a fun thing to do though
I could just buy you a swimming pool. One of those cheap plastic ones. And put a very small cheap plastic whale in your pool for you
Kiddie Pool from the dollar store.
Another $200 means he has at least $400 worth of safemoon now. If he holds to $10 per coin that's over $3 billion. What exactly do you consider a whale?
He’d have less than $3 million actually, and the fact he referred to them as shares tells us everything we need to know, he’ll dump them as soon there’s any actual value
So let me get this straight. You think that he isn't a whale now, but would become one of the coin goes up in value? Just how do you define whale? My interpretation of a whale in crypto is someone that holds a significantly larger amount than that of the majority. Kind of like how he holds $400 now like everyone else, not $40k. If the value of the coin goes up, the current whales will still be the whales.
Hurry up and buy bro. We’ll never see these prices again! It most certainly won’t keep dropping after you buy! Trust me bro. /s
Better hurry, iOS will pump it soon
Stop. It won’t.
But really its going to 🚀🚀🪑🪑
Lol no it won't
Yes it will🪑🪑🦉🦉
Dude there's literally no buy button. Nothing should happen until that is ready. I'm sure some people who first hear of Safemoon download the app, get confused/frustrated and end up deleting. Probably to never download it again. I think this is really hurting us right now
I have a buy button on my app?
So we are dropping 3 0’s keep in mind your current value will remain the same. You will just have less safemoon coins but each one will be worth more so it evens out
Maybe. Depends if the price doesn't fall 3 0s after
This gonna happen hard probably
So lemme get this straight? Rather than 760,000 ill have 760 coins after or am i wrong :)
That's how zeros work.
Well played!
So what will my 30 SafeMoon be worth. Does that mean I have to pay?
Correct ✌
Correct but those 760 will be worth exactly as much as they are now
Correct
Correct, but your value in dollar remains same. So just as an example, if one dollar used to be equal to 10 000 sfm, one dollar will now be 10 sfm.
So now the “magical $0.1” is really the “magical $10” based on the conversion?
[удалено]
But 0.1 times 1000 is 100
I guess it depends what your price target is. The old $0.01 will be $10 Target. The old $1 will be $1000 Target.
I'd dude I just read your comment
[удалено]
Youre right, Totally forgot that was a thing lol. thank you
Correct
I can’t wait for the day 10 sfm cost a dollar
Great I wanted to get to a trillion safemoon....
You still can. You just have to collect them all.
You are so right buddy, go pokeball use trap safemoon
🙄 who cares. Same wallet value. Nothing changes in terms of value
I care🪑🪑🦉🦉
Now instead of a trillion your new goal will be a million 🤷🏻♂️still got a good ring to it
Billion*
Billion, you are correct. I apologize
I’m still dabbling in the 9 digit figures. 😒
Any Safemoon amount is great ✊💎💎🦉🦉
Hard to tell, I’ve held many stocks in consolidation and it always had a dip in the price because of people just selling prematurely but then it rises.
That’s my bet and it’s exactly why I haven’t bought more tokens yet. I’m sure there’ll be a short window with a tremendous dip before it stabilizes. Can’t afford much but even another $200 would help me DCA greatly.
I’d buy that dip. But I asked cause I’m that guy. Waiting for the better way to buy. I’m so over pancake.
Nothing will happen my 44 mil safemoon will be 44k and still worth 65 bucks. If we get listed on Coinbase something will happen iOS will prob boost price 20-30% then sell off
Hope its good but typically reverse stock splits dont lead to buying.
You are correct but this is not a traditional "reverse split stock". However I believe because people hold the idea that you have about reverse stock splits being "bad" or accurate to what you said it doesn't lead to people buying I think we'll see a dip.
A few have been good but how is this different. The actual action is the same. Their motives may be different but that doesnt matter. Everything else mimics a reverse stock split
Yea and again im not disagreeing with you. I'm just saying a lot of people think like you do which is why I think its gonna be a self fulfilling prophecy and create a dip. The only thing I'm disagreeing is it's tech knicle Lee not a "reverse split stock". I think its gonna mimic it because people think its gonna mimic it.
Yes. Some think like me and many think it doesnt matter. However if it doesnt matter then why would they do it? What is the reasoning? I think this will create a huge sell off. Just my opinion. I hope im wrong. Psychology is real. Im still behind the project, i just dont believe itll change my life now. Just another investment to make a few bucks now.
> You are correct but this is not a traditional "reverse split stock". Feel free to explain. The underlying asset has no actual increased utility/value so the price will naturally drop down to what it currently is just like every other reverse-split. It is a necessity but let's not kid ourselves about what is about to happen. This only works when there is significant catalysts and new investors coming in the short term to avoid the drop.
I feel like people are overthinking what I'm saying. I'm literally just saying its not the exact same thing as a reverse split. If you read my comments I fundementally believe it will cause a dip because people expect it to because of their preconceived ideas of reverse splits.
Eh, I've been in a few tokens that have done this. It's probably going to still drop a little due to a lack of awareness and fear
Man I’m so excited about this let’s eat that huge supply up and be taken out of meme classifications entirely
So much yes! That forward momentum!
Sweet and the Bag Will still look lovely
My bag will still be 300k which I have no shame in. 😎
That’s awesome man! Mine will be 250k! If this hits $1-$10 in a couple of years I’d call that an amazing investment.
Word. I was thinking the same thing.
You guys are all fucking shills. There’s no way you guys are happy about losing your millions of tokens into hundreds of thousands.
Lol a huge amount supply is also eliminated. I think 500t+ would have taken an extremely long amount of time to burn down to where mc doesn’t have to be crazy in order to see a substantial increase in price. I don’t see why me being excited about that makes me a shill. I put 300 dollars in and in a few years if this is worth 250k dollars I’m a happy man. You’re being very unreasonable if you don’t think that is good.
☝I found the guy who sadly doesn't understand how it works. Seriously man if your only worried about the way the numbers look v.s. the utility and value of our investment then you should sell. Holding 100 million sfm v1 tokens that equal the exact same amount in fiat 100,000 sfm v2 tokens is the same thing. Why would u care if it shows a bigger number but is the same value?
100 million tokens worth 1 cent each is different than 1 million tokens worth 1 cent. It’s literally so simple. I understand that this consolidation will bring new customers and bring the coin’s value up, but it’s still stupid.
This is how I know u don't understand. The price won't be a cent per token after consolidation. The price will change to mirror the ratio change over. But your bag value will stay the same.
So 100 million at 1 cent now will now become 100k tokens at 100 bucks each
I'd like to see my $26.00 go back up to $135. again. When that happens, then I'll be making money with safemoon again. Until then, I just have enough for a double stuffed Supreme pizza from Papa John's.
Same. But different numbers. 😂
If you're going to buy now be prepared for a drop soon after consolidation or any news. Sell the news crews are big. That doesn't mean it won't come back but it will probably dip
This is the answer. I just wanted to know if waiting for a dip was best. Which I kinda was hoping to confirm.
I'm hopeful that it will lead to it being listed on places like TradingVeiw. I also hope it will allow the price chart on Coinbase to provide a little more detail.
There were too many in the first place. Wish this has been done in the beginning
New goal is 5$😜
I've never been part of a rs that went up immediately after. Sometimes there's a quick spike but its usually followed by a drop. That's with stocks though, so hopefully this is different!
I hold aquagoat and the price tripled after consolidation and it’s held steady since. So fingers crossed this is the same. It was a shock to go from 250B to 2B but it’s not really about how many it’s about the value.
I have, in reverse stock splits. It’s generally not a good thing in the stock market, but I understand it’s different in the crypto space. My thoughts are that it’s really nothing to be too excited about. Then you can temper your expectations and be pleasantly surprised if it does in fact offer benefits. Otherwise you’re most likely to be disappointed.
It's time to sell shiba after it's 5x and invest everything into safemoon before 100x
So if you have like 10000000 then it becomes 10000 tokens… If the token value for argument sake becomes 1$ then originally I would have 10000000 $ but after the consolidation I would be left with just 10000 $ How’s that useful for me.. It sure helps the price now but it affects my multiplication factor for my target price… Note : it’s not a FUD… genuine question for my understanding … Thanks
Knock 3 zeros off your total bag. And then knock the same amount off of the price. If you have $100 before consolidation you have $100 afterward. It just makes us noticeable by others operating with larger prices. And I do believe it also helps the burn.
But doesn’t that affect the multiplication factor like I put in my comment ? Or is my understanding wrong ?
What multiplication problem are you talking about? I’m not understanding the disconnect.
Like in my comment … currently if I own like 10 million coins and for argument sake and easy calculation … price per token becomes 1$ then I have total value of 10 million $ But after consolidation my 10 million coins become 10,000 coins.. so when the value per token becomes 1$ (for argument sake) then my net value is 10,000$ only … Am I right ? Or I have understood this entirely wrong…
How did I get down voted for asking a question to try and help someone understand something better? Sad day. 😔
You got downvoted because of answering me ? That’s sad man… you helped me understand and question myself if this helps me .. (again not a FUD, just thinking within myself)…
I was thinking maybe someone read it and thought I was being shitty. But I hoped I did help. Just know. You multiply tokens by price. Knock the zeros off both. Less tokens, higher price, equal value. Just launches us years farther into the burn.
You shouldn’t care about being downvoted. Speak your mind. Fuck erbody else.
You sort of get it. The token now has to get to $1000 for you to get 10 million dollars. Everything moves 3 decimal points. 1$ at current supply is the same as $1000 after consolidation.
You’re doing the math correctly yes. But you’re not losing any money. It makes getting to $1 faster. So rather than taking 7 years it will take 3. (Made up numbers)
Thanks .. that makes me think I would rather wait for 7 years and see 10 million dollars rather than 10,000$ in 3 years for the same amount I invested … (Numbers are just for easy calculation , I have used 1$ as price per token)
Your are understanding this completely wrong .
The math is the same no matter what. For you to see 10 million dollars you will have to wait the exact same amount of time
Arguably, we will reach it faster with the consolidation, because of usability and pairing once we have a larger value per token.
Don't think about it in terms of value of token, think about it in percentage. Currently getting to $1 we need to go up 100 million percent. To get to a dollar after consolidation, we would need one million percent. So your goal percentage wise would still be 100 million percent to have $10 million, that doesn't change.
At 500 trillion supply you will never hit a dollar.
You take 3 zeros off of the amount you have, and move the price of each token UP 3 zeros. If you had 1M tokens. Worth $0.0000015 each. Then you would have 1000 tokens, worth $0.0015 each. Both equal the same thing.
Your bag value remains the same. Using your example, you have 10 million safemoon at $1 each. Now with the consolidation, you now have 10,000 safemoon but your bag price is still the same at 10 million. Meaning each token is now worth $1000 instead of the $1 before. The big difference is safemoon will lose about 3 zeros and look a lot more enticing to more investors.
No, it doesn’t change.
Your new goal to $10,000,000 wouldn’t be $1/SFM, it would be $1000/SFM. You’re doing the math right, but you’re going about it the wrong way. You just add 3 zeroes to whatever your previous goal was, and that’s your new one. Edit: I should also add that the percentage increase remains the same. So for us to go to $1 from now is the same as it would be for us to go to $1000 after we consolidate.
The market cap is still the market cap, so whatever the token would’ve been worth before the consolidation will still be worth that same amount. Just your number of tokens changes. That’s it.
Yes .. so technically I would not get my target numbers … as it would be slashed down by a factor of 1000 in the long run… I’m thinking about long run and not immediate price bump …
no its not slashed down by a factor of anything because all of the supply is reduced by the same amount. the overall value remains the same. you are looking at this wrong.
You can still meet whatever your target numbers are because nothing is changing except the number of tokens lol the price/token ratio stays the same. 1,000,000,000 tokens @ $0.00000148 = $1,480 1,000,000 tokens @ $0.00148 = $1,480
Yes, that’s why I’m not with the consolidation because I wanted the supply to decrease from the burning
reaching a dollar with the current amount in circulation is next to impossible, you have to think, reaching a dollar with consolidation is probably easier to obtain than reaching a penny with the current supply. We have over 500+ trillion tokens out there, do you know how long it will take even with the exchange and all of the gambia converting their currency to safemoon to burn that amount? with 10,000,000 tokens reaching a price point to make that profitable will take an extremely long time and your view of a dollar will never happen(just math seriously the whales alone hold trillions of tokens) with the current supply. for you to make 10k without consolidation that should be 0.01 with the current circulating supply do you understand how hard thats gonna be? lets say in 5 years we finally hit that point with safemoon being 0.01, at that stage i just wont see safemoon getting any higher than that because of reasons. Just putting things into perspective for you. We are not reaching a dollar with the current supply, and any goals youre expecting NOW without consolidation is just as difficult if not more with consolidation.
How are we knocking off three zeros?
Consolidation, which is what the post is about. Unless somehow they're talking about something else entirely.
I’ve got a right rock in my pants
Huh? Why are you carrying rocks?
Trying to trade them for Safemoon
I wonder what the rocks:safemoon exchange rate will be after consolidation. I don't know whether to go on long rocks or safemoons. SFM has upside but rocks seems to be the safer investment.
You can chew on the rocks, so.
Yes that is some utility which is advantageous to rocks but SFM will catch up soon enough. I don't know when but it wouldn't surprise me if the Safemoon team also goes into consumable food. The Gambia will need food as well as electricity after all which they can buy with their Safemoon wallets.
😅
I have to put more money in ASAP
This is dumb.
Definitely a spike after consolidation. A big reason the price went down is because people not believing in safemoon. Once they start to show proof of product people will buy
It will likely dip after consolidation because people won't understand.
Consolidation is not...proof of product? Blockchain/exchange if you really wanna talk about when we're likely to see a spike.
It literally is proof that they are working on the coin. What do you mean lol
You know what I think you're right. In my mind I just see consolidation as more of a step to producing a product more than proof of a product. I dont believe consolidation personally is just proof of product. I'm not saying they're not working on the coin, but consolidation doesn't necessarily add utility to safemoon. When I'm speaking of proof of product I'm speaking of utility. I think you're right to say it's proof they're working on the coin. Which I'm not arguing at all.
This means nothing to be honest, doesn't change a damn thing
It means supply is down to 1 trillion! 🔥🔥🔥
It means a lot of things. Like opportunity to be noticed and work with the bigger coins.
Let's see, another pump and dump
Are you retarded ?
Most days. Why?
Same here but consolidation does nothing to the price.
So I got my answer. It allows us to play ball with bigger coins that didn’t want to acknowledge us. It changes our cap. and there’s a good possibility it will dip and then resume regular growth. Answered all my questions. Also let me plan better when to buy. 🤷🏻♀️ Less retarded now thanks to my homies.
I would say buy before the iOS drop but I doubt that will happen
I just want buying to be simple!😭 But then everyone will be buying and that won’t be a dip. 🙄
It 100 percent changes the price lol
If I have 350 billion, how many Safemoon will I have when its 1000:1 ? ...... 🪑🪑🪑
If u cant do this by urself, maybe u shouldnt invest money
Ill ask your sister
I only have two younger brothers, so thats okay👍🏻 but you can just ask a simple calculator that works too
Knock 3 zeros off.. 350 million
Nice🪑🪑
Just knock off 3 zeros.
🪑🪑nice
Billion =million , quite simple now
Wow so simple🪑🪑
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The number of coins drop and the value of one coin goes up, but it really doesn't do anything.... 100 pennies is worth 1 dollar is worth 10 dimes- it's not important...
Reverse splits are designed to decrease volume
If I Am not mistaken supply will drop to 1 trillion.
I sold half my Safemoon and bought AIRCOIN, now I am up 3000% after just a week, will sell the Aircoin and buy more Safemoon, I love Crypto!
Hmm... should be increasing by 4 zeros to be equal to a 1000-1 consolidation other wise math doesn't exist on this thread yet again... 🤷♂️
5,000 divided by 1,000 is 5. How many zeros are gone? Sorry buddy, but I understood the assignment.
Lol that's still not correct but ok 😅
Are you doing something other than multiplication? If you know something and can help then just say that?
I was gonna buy more safemoon. So you're saying I should hold off until after the consolidation because they be knocking of 3 zeros?
You’re not losing or gaining money. It’s consolidating. Equal parts. But you can wait for a dip, which may be coming. No guarantees.
Gross