T O P

Not trying to trash the party because I have a bunch of SafeMoon myself, but is this true? Will SM ever get to even 1 cent?

Not trying to trash the party because I have a bunch of SafeMoon myself, but is this true? Will SM ever get to even 1 cent?

top2percent

Doesn’t this ignore burns?


Substantial-Fact2204

What he said


Worth-Ticket-4376

What he said..


SgtUSMC1

What they said...


B_EE

What you said


Unlikely-Necessary74

Someone said it


PUTINitonYA

What those guys said!


XRP_MOON

What you said


NiceIsLife13x

what they said


rokinc

What everyone is saying 🕺🏻


Think_Void

It also ignores the fact that circulating supply determines market cap, not total supply, so wallets that hold tokens that are not on exchanges don't add to this.


Azcards115

That's the whole point of the burn... can people just do some damn research... ever. The Devs have said they will stop the burn somewhere between 25T and 250T which means we will be able to hit those numbers


akishore

Sorry I’m totally new to this. I’ve been reading about it, but don’t understand this burn. Any good article on that?


BigNorr99

To sum it up there is a 10% tax on any safemoon transaction. 5% to liquidity and 5% redistribution. The burn wallet holds 41% of all coins. You can think of this as a black hole where once coins go in they can never get back out. Not even the devs can access these coins (you can see the wallet on BSc scan it is the biggest one that is all 0s), once they are gone they are gone. So 41% of the 5% redistribution vanishes forever reducing our circulating supply of coins. Due to supply and demand the less coins in circulation the rarer and more valuable the coins remaining become. We started at 1 quadrillion coins and 471 trillion have been burned off in the last 3 months never to return!


akishore

Wow this is so much more clearly explained than what I tried to read online. I guess it’s not my area of expertise, so stuff sinks in slow. Thanks for the details.


findingbezu

Stiff sinks in slow? That’s hot.


exhaustednelly

This explains a little about the market cap and how having a lower one means higher return potential. It compares to doge but I learned a lot from this article. https://www.benzinga.com/money/dogecoin-vs-safemoon/


akishore

Thanks will take a look at that


EddieFrmDaBlockchain

25T tokens at one cent = $250 Billion market cap or higher than everything but ETH and Bitcoin now 250T tokens at 1 cent would be a $2.5 Trillion market cap or slightly higher than the value of the entire crypto market right now 1 cent is off the table and will not happen. Keep your expectations real.


Alipeevvde

Which idiots downvoted this good comment?


tigerg5858

Yea dude these idiot high schoolers think Safemoon is gonna have a higher market cap than some countries gdp. ARE YOU SERIOUS LOL


Vulcan31

I mean technically it already does, but your point is completely valid.


tigerg5858

I should of been more specific, third world countries yes England, America, first world countries


Vulcan31

Absolutely, I knew what you meant. I was just being a smartass even though I completely agree with your point.


whydoweaskwhy

The market cap is irrelevant in coin price and will lower with less coins in supply.


EddieFrmDaBlockchain

The market cap is absolutely relevant if burns stop at a specific number of tokens. If burns never stop, then you may have a point.


whydoweaskwhy

Thats what I am referring to. It's not useful in this coin for a price prediction since it's not capped yet. You can predict roughly if you knew the mark where it's capped and estimate a rough profit taking plan.


EddieFrmDaBlockchain

I’m just going off of what the redditor above said “The Devs have said they will stop the burn somewhere between 25T and 250T which means we will be able to hit those numbers”


whydoweaskwhy

Yeah those numbers were just random numbers they said. It wasn't set in stone. They just used them as an example of their plans to Cap it off at some point. They said they would base it on the feedback they get from the community. I'd like to see it in the Billions personally.


whydoweaskwhy

They speculated, not confirmed on that number! They said they will decide based on how the community feels when we reach those numbers.


Jacks1470

This is the type of person who said in 2010 that Bitcoin would be worthless — putting limits on crypto hasn’t been a good idea the last decade or so. Who the fuck knows. Bitcoin at 1 trillion market cap seemed ridiculous not that long ago.


GMEandAMCbroughtme

We can get to anything we want to get to. This will all depend on popularity of the coin. Safemoon burns coins so market cap will not have to be as high as coins are burned.


whydoweaskwhy

This redditor gets it


Dpcharly

Who knows but who cares. What you need is to Kill zeros. That’s it


crazybaws

Crypto subreddit is full of bitter people keep clear of that


SuperDaddio-nBros

Could Safemoon hit $0.01 while Crypto as a whole has a 2.2 Trillion marketcap? No. But when Crypto is at 100 trillion market cap? Absolutely If you told someone 5 years ago Crypto's market cap would hit 2 trillion they would say you were crazy. If you told someone in December Doge would hit $0.70 cents while it was trading for $0.005, they'd say we're crazy, and that there are too many coins in circulation. Things change. Dynamics change. Safemoons price will change. Safemoon will one day hit a penny for the same reasons Doge will hit a dollar. That's simply because people want it to happen. All that matters is what support a coin sees from its community. That's what drives the price.


Rain-Sad

This i could get behind. People need to be educated on market cap and market conditions. Not just blindly believe that market cap doesn't matter.


whydoweaskwhy

It's not blindly. Safemoon has a decreasing supply. Marketcap= supply * Price per Coin The price per coin is determined by its ability to be used, traded, etc. and supply. Market Cap is a measurement of the Safemoon network. Not how volume. I could make a shit coin with 10T and sell one coin for $1 because nobody wants it. Not my Marketcap is $10T. There's more to it than this, but Marketcap can and is manipulated. Regardless it's not an indicator of price per coin on a deflationary coin.


Rain-Sad

Market cap is the sole indicator of the price of safemoon... Smh


whydoweaskwhy

No it's not. That is the actual formula of price per coin. Google it, i dare ya.


CoinCollecterInNC

What happens though when the burn takes 400 trillion down to 40 trillion or 4 trillion. The math becomes completely different.


Death_Valley_

With dwindling CIRCULATING supply and burn it absolutely can go to .01 or a little higher. If we burn a lot it can DEFINITELY go higher. Same guy that said bitcoin couldnt pass a dollar probably


_zedisdead_

I watched a coin get a valuation of $5 Trillion in hours of release, came crashing back down after a few days but my point is people don’t realize the power of consensus in crypto when it comes to valuation. Stop comparing it to total crypto cap (of those coins listed because we all either know or should know there are shit coins everyday that pump that never make it to coin gecko or cmc ie aren’t included in total crypto cap), and stop comparing it to other coins as a means to establish a goal. You don’t hear about these coins that pump into the trillions because they are usually p and D’S, but they exist and the valuations are what they are becuase buyers agreed at that point in time it was worth that much. SFM has done what no other project has done in a mere 2 months from issue, the possibilities are endless but become stifled when you impose these comparative limits. Crypto defies traditional economic constructs every single day. Edit: if that read with a tone it was unintentional, only meant to share some perspective to keep our goals high for this project so as not to be limited by the prior performance of others.


Jacks1470

What if the crypto markets grows by 10-15% each year for the next 5 years? HOLEE FUK BATMAN. People gotta think dynamically here, not applying current market conditions to a price prediction 5 years from now.


Leakysimp

SM is different because the supply is being burned constantly


Alipeevvde

Not constantly. If people stop buying it, then the burn stops. This concept only works as new people are coming in.


MasksArePatriotic

If nobody is buying we have bigger problems than no burns


Alipeevvde

Yeah the coin is dead.


Leakysimp

True. Kind of a setup for a ponzi scheme.


ImprovementActual929

Well in thg case ALL stocks and crypto is a ponzi scheme....u buy at a price tht u hope someone in the future will buy for more🤔🤔🤔🤔


Alipeevvde

You said Ponzi, beware of the lynch mob 😂


Leakysimp

The dude literally described a ponzi scheme but I got mad downvotes for saying that. Like I believe in SM completely, but some of the followers of SM are so narrow visioned it’s ridiculous. So crazy.


Alipeevvde

Told you 😂


ZTGreen123

As more coins burn it will allow a higher price per coin while still having a somewhat reasonable market cap. Can we hit $.01 this year? No, it won’t happen. 3-5 years? Totally possible once more coins get burned.


PedroNiz

Does the value of the burned coins goes to the rest of them??


tigerg5858

Bro burned down to what? I don’t think anyone really understands just what would have to occur for this to happen.


ZTGreen123

Yeah. We would have to burn 90% + of the original coins to even be open to the discussion. 8 trillion coins at .01 puts the market cap right where doge was at ATH. But we are not even in the same universe as 8 trillion coins yet. It’s a long long road until then.


tiberious502

What he is saying is we have to hit the 25 trillion circulating supply. At that supply and $.01 we would have a market cap of 250 billion. This means if you have a quarter of a trillion market cap when we hit $.04 which is higher that everything at the moment. That is not to say that the market cap for any of those can not go up. I just learned yesterday, if you look at the largest banks in the world, then compare them to cryptocurrency market caps you might be surprised 😮. I know i was shocked. With all that said doing simple multiplication 25t cir. At $1.00 is, I think (at least under current models or acceptable parameters) not achievable. I emphasize that we are making assumptions based on current, and never before seen numbers that are based on a mildly different platform, being the stock market. I am not a financial guy by no means, but I can put together models based on given data (which I normally do with computer requirements). I welcome any input, corrections, or discussions.


tigerg5858

Bro, at 25 tril circ supply and a price of 1 dollar We’d have a market cap of 25 trillion. At ten cents 2.5 trillion, at one cent 250 billion. This thing is gonna cap at .005 unless inflation makes the dollar Worthless


MewtwoCollector

Honestly if you do not understand that Safemoon is deflationary, then you did not do any research at all. Don't come in here randomly trying to start FUD. Literally already over 400 trillion coins have been burned


akishore

Not trying to start any FUD. Just saw that on Twitter and thought the math made sense. Didn’t understand this burn concept. Money and finance are not my field. Probably shouldn’t be buying SF, but trying to navigate my way. Thanks for clearing it up so fast.


Vulcan31

See I appreciate you asking questions, and I'm glad you got some answers. More knowledge is always great!


akishore

Thanks! Normally I don’t post, but with this topic, talking to people directly just makes so much more sense than what I read online. Haha


MewtwoCollector

Yeah sorry not trying to be a dick, I am more upset and tired of seeing people act all smart because they just learned what marketcap was ten minutes ago.


akishore

No worries. The whole discussion that came out of this really helped me understand what’s going on. I was the confused one, so this cleared up a lot.


Aufopilot

As others have said; that’s the whole purpose of the token burn. People like that OP act like the devs haven’t thoroughly thought this through. It’s a fairly simple process to follow. I’m not bashing you by the way, I’m talking about him. Anyways, bottom line, if you’re going to go on a rant, at least know what the fuck you’re ranting about.


akishore

Oh that’s not my rant. Haha I just saw it on Twitter and the math sounded right. Didn’t understand the burn concept. Trying to figure out that concept now.


Aufopilot

I know, I figured it wasn’t you. Just tired of people like that OP spreading fud.


Red_Apple_Pie

Safemoon can reach one cent if we reach 500 billion+ market cap and burn 80-90% of the supply. Bitcoin is projected to be worth up to a million dollars in 5-10 years, which means that the whole market could move up by 20x as well


Beevers06

Haha oh the math...... this original post is not even close to accurate. The value of ease of use, the value of the platform, the true value of the currency which is relatively new so who really knows, the value of partnerships, the value of the product relationship or principal product for the transaction.... I.e. Bitcoin and Tesla. There are so many variables, 0 chance any of the math is correct at this point and that doesn’t take into acct the burn or burn stop. Stop being morons


Independent-Ad-1569

All i have to say is look at the people who sat on bitcoin for 5 -10 years they are just cashing in profits for millions and millions because they believed in the project itself. If you understand the defiationary aspect of these coines youll understand that those price points in 2-5 years are more than achievable , also this year is probably the year that crypto actually went all out mainstream and has actual intreset from big and small investors , and just like anything else you are going get people who think they are smarter than the inevitable evolution of life and think they can predict the outcome of everything. Anything is possible and only time can really tell. You either adapt , take chances and risk or youll end up with fomo cuddling up your ignorance inside of your cardboard box.


akishore

Now that I understand more, I’m more excited. Actually I need to stop buying. Hahah it’s a bit addicting. I think I understand what those people at slot machines all day feel like now.


whydoweaskwhy

Yes it can. Here's an old post of mine showing why. It uses a fake scenario of if we consistently burned 187 T coins per 2 months. I also explain why Market Cap is irrelevant in predicting future coin value. [.01 and Higher here we come 🚀](https://www.reddit.com/r/SafeMoon/comments/my3q48/safemoon_can_reach_01_or_more_and_market_cap_isnt/?utm_medium=android_app&utm_source=share)


AutoModerator

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. *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.*


[deleted]

Ask this question in a year or 2.


The_Sauce_Man05

Agreed. The answer is yes. Did you see Elon Musks post? Mining coins is not the future and they have to look at energy efficient crypto currencies. THIS IS THE WAY!!!!


akishore

Nice, thanks for the quick mental boost. I’ll be holding for a long time then.


WishfulAstronaut

Not sure why people worry about this, if it even gets close to that they are selling for millions


ArthurDeemx

Markcap doesn't really mean shit dude, for almost a decade people have been saying that doge could go to 1 cent.


Felineghostsex

What’s the timeframe for this .01? 1 year? 5?


moscovitehay

1 cent probably not but 0.0001 seems very realistic to me


Worth-Ticket-4376

Yup