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Posted on 4/24/21 at 9:18 pm to LSUAngelHere1
Dropped a decent amount of money on SAFE a couple days ago. Still hold all my ETH, BIT, and LINK but the upside potential of Safemoon grabbed my attention. I put in what I am prepared to lose.
Posted on 4/24/21 at 9:31 pm to martiallaw
Same,I am treating it like I went to the casino and already lost it so if I make anything on it I'll be pleasantly surprised. I've already gotten 46 million "free" coins since Monday due to their tokenomics so that's been nice. I like the fact that it's the number 1 searched coin on coinmarketcap the past week, these days its all about making the quick buck with these and Wallstreetbets and penny stocks, may already be too late to get any real gains with Safemoon, guess we'll see.
Posted on 4/24/21 at 9:32 pm to LSUAngelHere1
Not heavy in safemoon but in. Too risky for me to go all in.
Safemoon getting onto gate.io is a big deal for them.
Honestly it's constructed to be a holding coin, so that's what I'm going to do.
Safemoon getting onto gate.io is a big deal for them.
Honestly it's constructed to be a holding coin, so that's what I'm going to do.
This post was edited on 4/24/21 at 9:33 pm
Posted on 4/24/21 at 10:07 pm to zzgobucky
quote:Doge was also a top 20 coin before its big run. Safemoon isn't even a top 2000 coin. Big difference.
Haha yeah massive gamble I know, but if freakin Doge can take off like it has, no reason Safemoon can't
Posted on 4/24/21 at 10:43 pm to TigerTatorTots
quote:
Doge was also a top 20 coin before its big run. Safemoon isn't even a top 2000 coin. Big difference.
Well if you go by it's supposed market cap of around $4 billion, it would be a top 60 coin technically at this point. It's hard to get an accurate number on its supply though since they are constantly burning coins with each transaction.
Posted on 4/24/21 at 10:59 pm to zzgobucky
I have 130 million but debating adding to it before midnight
Posted on 4/24/21 at 11:03 pm to zzgobucky
quote:
I traded all my BTC for Safemoon on Monday.
Nice. How much BTC did you trade?
In dollars?
Posted on 4/24/21 at 11:33 pm to James11111
0.38 BTC, which was a tad over $21K Monday. My goal is try to get enough safemoon to cash out at 1 BTC. I lucked out having BTC drop about 10K since then. Currently it's at about 0.60 BTC so I may be getting out soon. But I gotta factor that 10% fee when selling too.
Posted on 4/25/21 at 5:26 am to zzgobucky
(no message)
This post was edited on 4/25/21 at 5:44 am
Posted on 4/25/21 at 7:43 am to zzgobucky
There was rumors on discord and telegram groups of Safemoon rug pull last week. I’d be careful with that one. Not sure if it was legit or not.
Posted on 4/25/21 at 8:04 am to zzgobucky
quote:and short term capital gains taxes
But I gotta factor that 10% fee when selling too.
Posted on 4/25/21 at 8:11 am to zzgobucky
There's been a lot of FUD surrounding safemoon, but they're being audited, and the dev team has been doxxed. It seems unlikely to be a huge scam. That doesn't mean it's not a shite coin that you can lose all your money on, but an outright rug pull would be surprising to me.
This post was edited on 4/25/21 at 8:17 am
Posted on 4/25/21 at 9:15 am to TigerTatorTots
Will there be a tax if it's just swapping safemoon for BnB coin in pancakeswap? Thought I saw Rocket post something about it being hard to report in Pancake at this time?
Posted on 4/25/21 at 10:36 am to zzgobucky
quote:
I traded all my BTC for Safemoon on Monday. Very risky I know, but I feel like it's worth the risk given the backing it has already received and their tokenomics are intriguing. Definitely am monitoring it closely to pull out if things start to look fishy.
Not sure if you're being funny or if you're retarded
This post was edited on 4/25/21 at 10:37 am
Posted on 4/25/21 at 10:52 am to zzgobucky
Explain? What do you mean “free?” Are you staking it?
Posted on 4/25/21 at 11:14 am to Tiguar
This cycle may also be different due to a "hashrate glitch" and someone dumping 8000 btc on everyones fricking head that night. Not to mention the tax threats.
Posted on 4/25/21 at 11:16 am to SomethingLikeA
Part of the appeal of it is each transaction is taxed at 10%, half of that is burned, the other 5% gets redistributed to the rest of the coin holders depending on how much you own.
Posted on 4/25/21 at 11:25 am to zzgobucky
quote:I mean, that is up to you if you want to commit tax evasion. The tax code says you must report that. Pancake, at this time, isn't going to provide your info to the IRS. Doesn't make it cant be found out in the future.
Will there be a tax if it's just swapping safemoon for BnB coin in pancakeswap? Thought I saw Rocket post something about it being hard to report in Pancake at this time?
Posted on 4/25/21 at 12:38 pm to zzgobucky
quote:
Will there be a tax if it's just swapping safemoon for BnB coin in pancakeswap?
If you’re exchanging coins then I think it’s taxable.
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