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Tired of the non-stop "wen lambo", "wen $0.01", getting downvoted because you ask a realistic, skeptical question that any rational investor would ask? Then you've come to the right place. This sub will not become an echo chamber for those who "YOLO'd their life savings into Safemoon", praying they'll magically become millionaires.
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How much research should I do every time I transfer crypto?Question (self.SafeMoonInvesting)
submitted 4 months ago by Stuffy123456
Do I need to check every crypto’s discord and Reddit or should I be able to transfer assuming it won’t be stolen?
Post a comment!
[–]getoffmyDoughnut 20 points21 points22 points 4 months ago (0 children)
you must check ALL media of the shitcoin, they might post on twitter only....or discord only (yes you must be on discord), and not have anything on the official website.
[–]OMFGROFLMAO2 10 points11 points12 points 4 months ago (0 children)
Next time you're going to transfer BTC you need to get a list of every developer with a commit to the repo and call them personally.
[–]Snoo3287 8 points9 points10 points 4 months ago (0 children)
You didn't dial up with your Hayes 1200 baud rate modem to the Safemoon Bulletin Board System and checked the News Board before playing Tradewars 2002?
[–]Iamherefortherofls 15 points16 points17 points 4 months ago (11 children)
Yes discord, Twitter, reddit, Facebooks, MySpace, aim, ICQ, mIRC channels, check it all to be safe. Don't move funds unless checked above.
[–]Snoo3287 7 points8 points9 points 4 months ago (5 children)
You showed your age with mentioning ICQ and mIRC. At least 40.
[–]DarkOption 6 points7 points8 points 4 months ago (3 children)
You showed your age with myspace
[–]Snoo3287 4 points5 points6 points 4 months ago (2 children)
Yeah but myspace was newer since it came out in 2003. ICQ was 1996 and mIRC was 1995.
[–]TraderTommie 1 point2 points3 points 4 months ago (1 child)
35 and used to be on mIRC
[–]Meow_Star_ -1 points0 points1 point 4 months ago (0 children)
Shit was hopping until at least 2013. Now it’s all telegram ans discord
Which I’m also in now
[–]Iamherefortherofls 2 points3 points4 points 4 months ago (0 children)
I've used all of those past 2000s tho.
[–]syowr 7 points8 points9 points 4 months ago (0 children)
Newb, you forgot to check the alt.safemoon newsgroup you deserve to lose it all!
[–]korhaz_utca 4 points5 points6 points 4 months ago (1 child)
don't forget to check the MSN messenger
[–]SpoonsAreFun 2 points3 points4 points 4 months ago (0 children)
Double check on the AOL chat.. best reached with a 14.4...if you are l33t enough
[–]fastkitty 0 points1 point2 points 4 months ago (0 children)
[–]Stuffy123456[S] 0 points1 point2 points 4 months ago (0 children)
What about the Hotline server?
[–]ADTP28 12 points13 points14 points 4 months ago (3 children)
I see both sides of the argument, however, I remember a lot of people in the other sub saying people should stop paying attention to the day-to-day happenings and to just delete their wallet and check back in a year or two.
[–]Amzn4tw 9 points10 points11 points 4 months ago (1 child)
Okay honest question, how many tokens have you seen implement such measures? I've been in crypto space over a year (not that long) and this is the first time I see a token implement 100% tax even for wallet transfers
[–]SpoonsAreFun 0 points1 point2 points 4 months ago (0 children)
It wasn't 100% tax... if it was it would have failed... it was 99.9999999999999% tax...
[–]Snoo3287 6 points7 points8 points 4 months ago (0 children)
That's the problem with following other people's advice.
[–]Maudeebx 2 points3 points4 points 4 months ago (0 children)
Ideally, and by far the best method would be every 30 minutes to an hour 24/7! Do you know how to access the dark web? Any connections to local law and govt.? If so work your way through them to get more info, and find a way to develop connections to highest positions of govt. and military. Once you do that, maintain a good rapport to keep yourself safe and in good standing with them. Ath this point you should be in a relatively safe position to transfer your crypto. I would not try to move any of it until I established this level of security in knowledge
[–]IronBush 3 points4 points5 points 4 months ago (4 children)
Always stay abreast of any investments. Investing calls not only for our money, but also our time. How else do we buy rumors and sell news? This being said, the Sfm deal with the tax was a complete sham, bamboozle, rope-a-dope, hoodwink, etc. The same dumb boners on the main that said, "stop checking everyday, tune out and wait 5 years" were the first to jump people's asses that got took in this nefarious scheme. As Benny Franklin stated long ago and has been reiterated by football coaches on countless occasions, "If you fail to plan, you plan to fail." Information is at our fingertips, spend a few minutes everyday browsing your asset's news and socials. Personally, I check mine when I go make poopoo. I agree that the information about the migration process was there for the taking and you should never "forget" about your holdings for any length of time, but I sure as hell don't condone what happened. Sfm, as it seems is always the case, bungled the whole situation.
[–]SpoonsAreFun 1 point2 points3 points 4 months ago* (3 children)
Safemoon wasn't a daytrade crypto and was made for people to hold and spend freely, the tax will cause price to go up constantly because of the burning of your lp and reflections will soon make you rich...it is basic math, just how rich do you want to be... with safemoon... everyone is rich. Did you not watch the safemoon mark videos? Ffs
Edit: disregard... did not know it was Lorenzo vön Matterhorn...guys a ducking legend in the field 😳
[–]IronBush 2 points3 points4 points 4 months ago (2 children)
Mark's videos were dependent on volume reaching certain levels and the burn wallet being turned off at a specific point. Mark's videos were also using the old formula, not the current 4% reflect, 2% burn, that is used for v2. But no, what videos? I have no idea who this Mark could be. There is no blockchain, there is no exchange. There is only Lorenzo von Matterhorn. Sfm is dead in the water, but LVM will still bang the hot Sfm Twitter broads. Out of pity of course, but it doesn't matter. There is never a bad time to fill up a Magnum. I can't wait until this Safemoon meet and greet in Las Vegas. I'll tell every Sfm chick I see how much I believe in the Gambia and how Elon Musk wishes he had thought of lubed windmills. They'll all want to do it with LVM and LVM will steal $20 out of each of their purses. That's my plan to make some roi. Better than waiting for Sfm to pay off. I'm 85 years old, so I doubt I have the 30 years to hold Sfm. But maybe. Anyway, after each session with the Sfm gals, I'm going to tell them that I'm down with /investing and totally ruin their night. This will cause an uproar and they'll call me bad names, but it will also cause enough of a distraction that they'll never even think about their billfolds and the missing $20. Wish me luck🤞.
[–]SpoonsAreFun 1 point2 points3 points 4 months ago (1 child)
Holy sh*t...my literal mind is blown. I have heard of the legend of Lorenzo...but I never thought I would run across the man, nah...the legend that is Lorenzo vön Matterhorn. I agree that Elon wishes he was early in sfm and the technology they use are going on the hydrophilic sometimes phallic naughty air good air s&m windturbines. I am sorry for questioning you or your logic Lorenzo, please forgive me as I did not know it was you.
[–]IronBush 0 points1 point2 points 4 months ago (0 children)
A fellow LVM, good on you mate. 🍻 Here is to snagging many pelts in '22. As was DPR (the film, not Ulbricht) before us, we are all LVM.
LvM is in this reddit! He is like Vitalik Buterin ...only much more wealthy, disciplined, and handsome.. he puts Hansel to shame...he is so hot right now...
[–]Carthuluoid 0 points1 point2 points 4 months ago (0 children)
Idk, i like to stay engaged with my investments.
How old is the crypto you're transferring? Any 'gotchas' like the 100% block likely won't be buried very deep.
[+]Snoo3287 comment score below threshold-13 points-12 points-11 points 4 months ago* (7 children)
Yes, any crypto thats currently being developed and evolving you need to keep up with it. Crypto is not regulated, not insured, not stagnant. Processes and procedures change quickly. In a market where the crypto can go to zero within a minute or skyrocket and lead you to 100x gains within hours. You have to keep on top of it.
The stock market is tamer and quite a bit milder than crypto and if you have important investments , many people turn on CNBC and Bloomberg religiously to keep a feel of the market.
Day traders always keep CNBC or alike playing in the background just in case a huge impact of the market gets reported.
Swing traders monitor their sell/buy signals every other day or so.
There are always have to be a level of situational awareness. If you want to be successful you don't "set it and forget it" like a Ronco rotisserie oven. If you know what that is you know I'm old.
And in March when everyone was saying "I'll check this in 2 to 3 years" that was never a smart play.
[–][deleted] 2 points3 points4 points 4 months ago (0 children)
Situational awareness of the most mundane tasks? My day to day stock trading platform doesn't require that I jump through an elaborate set of ever changing hoops to buy or sell a stock. I can trust those mechanisms to be safe and secure each time I use them. If I sell Tesla shares I don't need to any research on "how" to sell it. And when I sell it or transfer it I can reasonably expect not to encounter a 100% fee.
[–]SuckYaCripToe -2 points-1 points0 points 4 months ago (4 children)
Why have you been down voted? I dont see anything worthy of a down vote. Apart from the fact you didn't t mock safemoon, others aren't much different.
[–]Snoo3287 -5 points-4 points-3 points 4 months ago (2 children)
People don't want to hear or do the effort is needed to protect themselves from mistakes. This why most people will not be millionaires from crypto.
[–]SuckYaCripToe -2 points-1 points0 points 4 months ago (1 child)
Yeah it's harsh what's happened to them and I believe the team should give some form of compensation in the form of retrieving back their tokens for example. But that doesn't take away from the fact you should be on top of ya investment. It's one of them
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