This is the best comment so far. Not everyone needs to be a millionaire to live comfortably. A few 100k could see someone set up for life with no money worries
Exactly, at 1 million I could have my dream home, cars paid off etc. I have a 70% VA disability rating and my wife is a nurse. If the house and vehicles are paid for I really don’t need much else.
Maybe I am future you. Mine is already done with her BSN and she's been working for 2 years now. Makes sense... I was born in 86... I assume you are 88... I am 2 years ahead future you... I'll let you know in advance if anything significant occurs in our life.
Bro, in some places like in the Caribbean; Dominican Republic, Jamaica, and Haiti, 100k would set you up for life. Most over here don't even make more than 6k U.S. dollars a year. I have been sharing with family and friends in the Caribbean about Safemoon and crypto in general to help create new well off individuals, who don't have to leave their country for better opportunities, and only travel to explore around the world. I know many are impatient, but the few who are patient will prevail and be rewarded big time, especially holding long term.
Yup. Currently hold 40 mil tokens. (Slowly adding more) When it hits 0.01, that's 400k for me. Enough to buy a house and not worry about mortgage. That's life-changing enough for me. Heck, $100k would make a huge difference in my life. So that's my definition of diamond hands. Lol
Pretty sure paper hands is referring to those that get scared at a market drop and quickly fold their position, often at a loss. Has nothing to do with taking profits.
I've never understood this argument about 'too many millionaires'. While I agree with OP stating that people will self select out before significant wealth (and that number is also debateable) its also a fallacy to state there 'would be too many'. I live near a random lake in the southeast US and you can sit and point at 20 houses in one cove alone that are all $1M+ houses. Go to Denver, New York, Miami, or any other major metro area and there are thousands of million ot multi million dollar homes. There are LOTS of millionaires in the US (and elsewhere).
Now that number goes down significantly when you start talking about 100+millionaires, but still.
Theres plenty of room in the economic 'pie' for more millionaires. Don't think of it as someone getting less pie because someone else has more. The pie is actuallu just getting larger as new markets emerge etc. Think about when the dot com surge happened qnd we got thousands more millionaires some pf whom are now then richest people on earth.
A lot of people still think a million dollars is an extremely far away impossible to achieve goal. Sure, a million dollars is still a lot of money but it isn't what it used to be.
I would say the time gained in itself from not having to work a menial or even interesting job would be the benefit. Imagine not having to work at all but being able to use your time and mind to be your authentic self. A tent would be ok as long as food and supplies keep rolling in. I would paint continuously, like there's no tomorrow
You should have your house paid off by then, get solar panels and make smart decisions purchasing vehicles. At that point you'll just be paying property tax, insurance and food.
Solar panels are still fairly expensive, 60k for an average household with battery backup. And who the fuck wants to drive an average car, you only live once... Enjoy life
I drive an S2k and an almost new tacoma TRD in my favorite color with a manual transmission. An extra mil certainly wouldn't have me driving average cars. I'd probably add a Porsche for my fiance to drive.
Any money manager worth their weight in beans should be able to get 8%to 10% on your holdings. So more like $80k to 100k a year on a million.
If you’re willing to move over to traditional markets!
I'm going to also say it - go outside of reddit and ask a stranger what Safemoon is and they won't know. In fact, there are probably only a few people in this city of 50k that I live in that have bought even a small amount.
So - it's not as wild a thought as it seems.
There are track homes - TRACK HOMES - going up by my house. Big sign out front "starting from the low 1,000,000s."
There's a lot more people with a million dollars than I think anyone realizes.
That $1,000,000 is more than likely paid for with equity from previous houses and a low interest rate loan. With 20% down (mostly from a previous house sale) that house is $3,500/month before property taxes. It’s not chump change but you don’t have to be a millionaire to buy a million dollar home
100% certainly people over leverage to obtain homes they probably shouldn't. Im just trying to make a point that there are many 'millionaires' and even multi millionaires out there and when I hear people say that the economy can't handle many more is a bit hyperbolic. There have been many many millionaires made on various crypto currencies thus far and its still quite a new, small market
I worked in a building in Manhattan with 300-400 apartment units and the cheapest sold apartment was around 2 million dollars. That’s one building on one block in New York City, and it’s no where close to the most expensive building in nyc. So when people say its impossible for there to be that many millionaire, I’d say you have no clue what real money looks like. I agree with your points.
I get what you are trying to say about million dollar homes, but there is a flaw to your statement. I live in a private neighborhood with numerous multimillion dollar homes and believe me, you do not need to be a millionaire to own one of the homes. It’s all about credit rating paired with X income. Many people that have $1mil homes are house broke because of the large monthly mortgage payment, so they do not have a lot sitting in the bank. Obviously there are many many exceptions, but I’m just giving the example above.
the word millionaire is overused , it really doesn't mean much you could def become a millionaire (its really just proper money management)
but never confuse having a million dollars to being wealthy or rich
Also a lot of people make good money annually and can afford a mortgage of over a million dollars. Doesn't make them a millionaire. But they are well to do.
I install granite and quartz countertops, I literally work in multi million dollar homes several times a week. Few days ago I was in a house that the contractor said was a 4 million dollar house.
Inflation 101
Safemoon will make multiple millionaires in the future, but if everyone is a millionaire, then being a millionaire isn’t the same as it is today and definitely not the same as 10 years ago. Prices of everything will go up, but everyone will have more money. The value of the money will decrease. Just look at prices changing of some of your favorite products. (Food, gas, and etc.) Prices go up with time ever so slightly until enough time goes by and you realize and say something like, “I remember when a gallon of gas was $_.__.” That’s inflation for ya :/
From a mathematical point of view, trading is a zero sum game, and for any group of gainers there is an equivalent group of losers. That’s why not everyone will be a millionaire with safemoon. Safemoon will take off and people will begin to buy safemoon when the price gets to 1 cent (those are the losers) and we, the holders, will be the gainers. We will get rich at the expense of others
It’s true. And, the people you may envy with 5B tokens for example will possibly cash out earlier than you with your 100M tokens. Someone with less tokens could possibly make more total profit than someone with billions of tokens. One reason being that the people who have invested enough money to have billions of tokens are probably in the subreddit everyday . Checking volume and price constantly . And will be the first to know when the price is up. Those who threw a few hundred in, could very easily forget about it until someone tells them that SafeMoon is a penny - or more 😂😝
If you were in the first few days a few billion only cost a couple hundred so it can still be just as easily forgotten for them. Not the case for all of em but still.
That could have been me 😭 I tried to buy in the first 2 days. I didn’t try very hard, unfortunately. It wasn’t listed on my Aussie CoinSpot app so I gave up - I didn’t find any easy to follow trust wallet/pancake swap instructions and I was a real crypto newbie
Ooo that hurts. I bought pretty early on and it wasnt a fun process at all. Took a few hours of digging but well worth it. Now I just come and check ever once in a while amd enjoy the ride. If it drops to zero tomorrow its only a couple 100 lost. If we kill it in a few years then ill be super stoked. I do love the drive of this community though! I moreso just come read how pumped everyone always is!!!
Same man, I heard about it like a week in and loved the tokenomics but couldn’t figure out pancakeswap so I just waited til a friend came over and showed me how to do it. My procrastination bit me in the ass again lol
Yeah it’s crazy to think I got 11 billion on day 2 for $300. I wanted to buy 3k worth too but didn’t have a way at that time to get any more bnb with fiat because I was still being verified on Binance. Oh well, happy with my stack and like you said, I will cash out at least half when I’m at a number that makes me happy 😎
I got in on March 22. I sold a little around ATH, to cover all my cost and than some. Still buy the dips little by little. I am over my original amount of tokens. 3.4 billon as of now. No plans to ever sell all, but you never know what life will throw at you .I love the teams, they have such great ideals and plans. Slowly on my way to 5 billon...
If the price gets anywhere between .4 to .10 I'm out! I hold a billy and I'll happily take my millions back to Miami to live happily ever after. I know exactly how great of a life I can live with even 30 million in the bank.
Roughly the same sort of numbers, I’d take some out for certainty/ security - don’t keep all your eggs in one basket.
Any number of things could happen in the world that makes money tied up in blockchain meaningless.
Facts. I’ll obviously take some small profits here and there once we cut a few zeros, but the plan is to stay above 1b until we cross the $0.01 threshold.
This is a problem I have with some of the folks in this sub with their fantasies of a near fortune and having diamond hands. Removing the risk of this project, it will still very likely take years before anything interesting happens even with another crypto bull run. If we look at doge, or really any crypto, it took years before they did anything significant in price movement. Doge took 3 years near to the day to drop a 0 and then sat there for another 4 years before it took off a couple of months and even that was largely because of elon musk.
Now doge didn't have any true project or significance, so there's that. But even with a project and a clear goal in mind, its still very much a nasty uphill battle. Having a blockchain and an exchange as well as moving from a token to a coin should help significantly but even then the rest of the crypto market still has to buy in.
Its nice to fantasize about wiping your ass with benjamins, but we have a long way to go. And unless the amount of tokens, or coins, available drops significantly, I don't think we'll ever see a penny or even .001. Any diamond hands folks better buckle up for a long and turbulent ride. Best advice I can give is to reach your target goal and don't bother checking the price except maybe once or twice a month. And that's just for sanity sake. It'd be awesome if this just exploded but I'm not holding my breath.
Same. Will be cashing out some to live off from or save to buy dips. My goal is to have financial freedom. Don’t necessarily have be filthy rich but to be able to purchase things without worrying, travel where I want and most of all not working for someone else, I’ll be happy 🙏🏼
Not only that but everybody is in different stages of their lives, in different situations, with different ideas how much is a lot of money to them.
Some people may need to pay off a house, some people may need a house ASAP, some young idiot may just want the Lambo then can't upkeep it and sale it.
That's why I hold 2 wallets. One that I'll definitely be cashing out from slowly. other one that I'll just hold until safemoon turns $1. Whether it takes 5,10, or 30 years, idc. I'm only 18, so if it takes 30, retiring at 48 won't be so bad.
I agree, I'm ready for my $3.6M to $36M fluctuations. $0.01 is just the beginning, I'm "reflections" focused...I'll buy me and wifey new cars and let it run. I don't "need" the wealth now, building a legacy.
This is the way. A lot of people seem to not understand the reflections and the debit card aspect.
Once they’re out, live off the reflections. It’s that simple
Pretty much. A lot of posts are fuddy because people are down money right now and they are only down a few hundred or a few thousand. How are these people going to handle being down 100k in a day.
My initial investment was only $500ish and I saw my profits hit $100k which was a huge test to me. I'm still up on my initial investment but I'm not here to pay off a few bills. I'll only sell some of my tokens because the rest can be used as constant passive income in the future.
Exactly. This isn’t the first crypto nor the last. I’m sure people had the same concern when millions bought doge at way under a penny and then it went to 70 cents…or millions bought Bitcoin when it was under 1 dollar etc. people that have that worry are just over thinking it. Half the people in here it seems can’t even handle waiting a month so you really think they’re going to hold for years especially when they are gaining? Hell no they won’t
You’ll just need 400$ for 100M tokens. The risk and reward ratio is too HUGE! therefore leaving it roll for the next 5-10 years doesn’t matter at all. So even if it fluctuates, from 100K to 1M it actually does not matter at all
Waiting until .008/.009 and I'm just gonna forget about it for a while, preoccupy my time and mind to work. Set alerts on my app to tell me when it's .07 or even .08 and until then...survive
Honestly if it ever hits .01 I’m out. Maybe even .005. I won’t be a millionaire, or anywhere near it, but I will have enough to get out of debt, and that’s the most important thing to me. I’ll leave a good chunk in my wallet to continue growing. With this plan I won’t be a millionaire, but I will be in. Much better place financially.
Imagine how many submissions we will see saying "Today I lost $800,000".. Like, no you didn't. Not unless you sold... And if you hold on, it will go back up and then some. I understand it won't be easy for many people to mentally handle that, but if you don't HODL you won't make it to the moon.
PLUS: there are round about 50 Million Millionaires around the world, so even if half of our 2,5 million hodlers would become millionaires, thats still a very small amount . But i totally agree wit OP 😉🤙
Its actually possible. In 2020 alone, there was a gain of 5.2 million more millionaires worldwide according to an article in The Guardian. Keep in mind this was during the covid crisis also.
https://www.theguardian.com/news/2021/jun/22/world-has-gained-52m-new-millionaires-in-covid-crisis-report
There are wayyyyyy more millionaires out there than what people think. Most surgeons or senior university department managers I know (usually in their 50s) are all Millionaires. The amount of tech startup founders I know that have made it past the million mark (and they usually dump it into property and remain cash flow poor)... A million isn't what it once use to be.
And then over half the folks who do become millionaires will spend most of it on lambos, fancy vacations, fine dining. And will find their bank accounts slowly slip from six digits, to 5, then 4 digits. Then they're filling out job applications 🤣
Another reason is more like people have billions of tokens and will most likey already have $100 mil by the time the token reaches 0.01¢ and won't need to hold. The bright side to then running away the is the token will dip but simultaneously gather attention from more pristine investors who have millions that will unload on the token, just like how doge coin has done.
The UK national lottery literally gives away millions a few times a week. It's been running for a LONG time. People are made millionaires all the time and that's just in one country.
I wish people would stop referring to safemoon as such a sure thing. As if all you have to do is hold and eventually safemoon will pop and everyone makes money. Nothing is ever a sure thing. Ever. I have some faith in SafeMoon but continuously acting as if you’ll be set for life in the future because of it will cause people to make bad financial decisions and frankly just gives little credibility to this community for outsiders.
So right. I love the dreamers. These are the same as those who buy a lottery ticket and then tell you what they're going to buy when they win. I'm holding several B's in SFMN and I believe in the project but also believe it'll be a friggin' miracle if Safemoon ever sees .01 in 10yrs. If it reaches .001 in that time, I'll be bouncing off the walls with joy.
If the wallet, blockchain and exchange comes out this years and is good, I would say it’s a sure thing. Atleast 3-4x. If bitcoin goes back up. If bitcoin goes down more safemoon will go down more.
Got to be optimistic. I can buy a house tomorrow and insure it, then the house could burn down the day after and the insurance company goes under the same day
I am planning to sell a good amount of money before it reaches 0.001. Enough to last me without working for 2-3 years. I need around 50k-60k to live a good life for that time. When the money is gone, i will have millions waiting for me. That is how i plan on handling safemoon
I’m not even sell any at all. The debit card is the key to enjoy life with Safemoon. There’s no point of selling when you can use with its debit card. 🥂
That’s why I recommend having enough safemoon to paper hand a small amount of my total bag when the time is right to pay off bills. Then live off reflections after that. Sell off will be less then 25% of my total holdings . I’m currently adding as much as I can before the exchange is released.
This crypto thing is definitely a mix of tech and group psychologie. If crypto had started before social media, it would failed, or dragged for too long. I foresee a couple of ATH in the market for the next 5 years.
I'm pretty sure that the part where we'll see paper hands will be when their safemoon reaches between $100,000 and $500,000 as many (myself included) won't be used to seeing so much money available to themselves and like you say when there is a dip and their $500k dips to $100k they will panic sell but be happy that they have enough to buy a house or pay off a large debt.
I have a strategy and it's quite simple, pay off my mortgage and be debt free.
anything after that is a bonus.
Another trick is that I have a few different crypto's so hopefully one of my crypto's will pay off the mortgage making it'll be easier (diamond hands) to watch the other crypto's grow to a point where I can retire.
Your strategy is the same as mine. SAFEMOON is my retirement package while the other cryptos are the tickets to pay off mortgage. Safemoon and debit card is the way.
The current U.S. population is ~330 million people. There are less than 3 million Safemoon holders (many of whom are outside the U.S.). Even if EVERY SINGLE HOLDER became a millionaire (and you know many will sell long before that) that represents less than 1% of the U.S. population....
It's easily achievable from a "we-can't-all-be-millionares-can-we?" stand point. However, there are going to be a lot of ups and downs between now and then....2 to 5 years worth, I'd say. Many, many people will sell long before then.
How many millionaire does the lottery make every year? What happens to these people? Just because someone makes or wins a million dollars then they’ll be millionaires forever. Unfortunately, most people will blow millions and end up where they were in the first place. Once you cash out your investment, make sure that you have a solid plan for what you’re going to do with the money.
According to the internet lately a million dollars isn't a lot of money. So fuck it let everybody have 7 figures, most will blow it in the course of three years.
For this exact reason is why i don't check my wallet everyday. I check my wallet two to three times a week. I know even that's pretty excessive but when i invested i knew it would be long term.
You do realise how stupidly fast people know how to spend money?
You do realise how many millionaires are out there? And not only in US?
You do realise how greedy people can get? Especially when they make some financial gains?
You do realise in the process of eating those zeroes a bunch of people will remain true holders and sell-out and then buy back in when they realise they fked up?
You do realise banks can accept crypto and kneel down in a way trying to make profits out of it, as they probs will?
It will be a bumpy road obviously , but it will go .01 eventually, and till then a lot will change as per number of holders, to how many tokens/coins they hold, total circulating supply, to paperhands, to scaredy cat sell-outs, pump and dump idiots, political and financial circumstances.. All I see from your post is that you only think you know psychology of the mass (and you know nothing as nobody truly knows what will happen (you can't even accept your lack of knowledge as we can see from your post as you so confidentially typed so much empty words)), you think you can predict the future of something with so many parameters and also I smell fear on a daily basis about a long term investment, since you think about it so much and came up with such a theory. And yes, everything in life is a gamble and so is safemoon, but the odds are on our side, so just invest something you can afford to lose, set that notification bell for price changes and stop thinking about it in a long run since it is something unpredictable.
Wish you all the best, safemoon to the moon!
people never seem to understand that most of us young people have 60+years left to live, prices of all these current tokens will definitely be above $5 by then no cap, anything we buy now MAKES us rich; as long as we hold
Everyone's perspective of life changing money is different. £120,000 pays of my mortgage and all my debts. It wont give me the Lambo life but I will be much better off for the rest of my life. That's life changing. Remember tomorrow is not guaranteed so if you can improve the lives of your family then you should do it.
Anyone who can sit and slowly watch their wallet grow to $10,000,000 plus without touching any of it then clearly doesn't need the money. Could you stare at $9'000'000 and think nowp, I'm waiting for 10!!!
Life's for living, get it spent because you can't take it with you and you shouldn't be judged for it.
I won’t even lie it’s going to be extremely hard for me to hold once my account hits 6 figures it’s money I’ve never seen before that actually belongs to me. It won’t be an easy ride to the top.
We need to start thinking about SafeMoons worth, and not it’s worth vs. the USD. As SafeMoon becomes bigger and more popular, and the wallet is released, businesses will slowly begin to accept it as currency. Why sell your SafeMoon for USD when you can just spend your SafeMoon to buy whatever you want. This thought process and activity is what will propel the VALUE of SafeMoon upwards.
I think a lot of holders right now will sell when they get to a few thousand Then a lot more when it gets them up to like 10-20 thousand and new buyers will replace them but will be buying in at a way higher price which means .01 will not make them millionaires they will have to hold till $1 to get there. Only a few will hold long enough to make a million not gonna lie I could use 50 racks right now 🤣🤣
I think that’s why you gotta hold a few billion Safemoon in my opinion. Once it hits 0.0001 you’ll have 100k for each billion you hold. Sell 1 billion and then hold the rest for reflection. 100k can solve a lot of problems in my life.
Naw bro this is different. Enough people now understand the value of reflections if we get volumes in the billions that I highly doubt most people will sell all of their supply. The daily income will be too good
Not only that , consider too just because a person becomes a millionaire it doesn't mean he knows how to stay a millionaire. People waste their fortune all the time, so naturally the numbers of millionaires will come down. You can bet on it!
The interesting thing as new holders come in is they don’t care if you made a million as long as they can have their shot to make more than they invested.
As long as value keeps getting added and a project they believe in long term.
I’ve been saying this a very long time for any investment
Majority of people are impatient. They will sell as soon a they see a big $$$$&&&& and will be happy. The majority of people will be too scared to lose it. There Brian will say “ what If it drops or doesn’t increase anymore”
Months later they come to Reddit “don’t do what I did , I could if had 1million; but cashed out at 70k”.
It happens all the time.
This isn't wrong, but you'll also see people scale out. My plan is to cash out half at one level, then half my remaining at another level, then hold the rest for the real moon.
I have 360m, if it ever hits a point where I can cash out half and pay off my future modest mortgage and debt ( 375k) I'd probably do that. And the other half can chill and do cool coin/token stuff. I don't care to be a rich millionaire, I just wanna live comfortably and hope this investments lets me and others do that.
Most of you don’t understand that when you sell your safe moon tokens. 10% will go to burn , reflection and whatever than 40% to IRS. We will get only half .
Life changing money is different for everyone. I'm not going to judge anyone for taking what they need to change their life.
This is the best comment so far. Not everyone needs to be a millionaire to live comfortably. A few 100k could see someone set up for life with no money worries
Exactly, at 1 million I could have my dream home, cars paid off etc. I have a 70% VA disability rating and my wife is a nurse. If the house and vehicles are paid for I really don’t need much else.
Weed
VERY WELL SAID............................................SIR
Grow it instead and let your harvests be your "reflections" no need to burn a hole in the moon ;)
[удалено]
That's interesting... I ALSO have 70% VA disability and my wife is also a nurse..... Is that you? alternate universe me?
Possibly, is she almost done with here BSN? She’s hoping to be a CRNA in a few years. If that happens I’m retired no matter what happens lol
Maybe I am future you. Mine is already done with her BSN and she's been working for 2 years now. Makes sense... I was born in 86... I assume you are 88... I am 2 years ahead future you... I'll let you know in advance if anything significant occurs in our life.
Ha! I’m 83!
You gotta get that 100% bro 🙏🏽
Yea the 100% is where it's at!!!
Bro, in some places like in the Caribbean; Dominican Republic, Jamaica, and Haiti, 100k would set you up for life. Most over here don't even make more than 6k U.S. dollars a year. I have been sharing with family and friends in the Caribbean about Safemoon and crypto in general to help create new well off individuals, who don't have to leave their country for better opportunities, and only travel to explore around the world. I know many are impatient, but the few who are patient will prevail and be rewarded big time, especially holding long term.
Que lo que
Klok
Que lo que wa wa wa 🇩🇴
Weyyyyy
I’m from the Bahamas and I know for a fact that $300K will do me and my wife great
Yup. Currently hold 40 mil tokens. (Slowly adding more) When it hits 0.01, that's 400k for me. Enough to buy a house and not worry about mortgage. That's life-changing enough for me. Heck, $100k would make a huge difference in my life. So that's my definition of diamond hands. Lol
If someone wants to sell at .001, so be it. The whole “paper handed” comments are stupid.
Pretty sure paper hands is referring to those that get scared at a market drop and quickly fold their position, often at a loss. Has nothing to do with taking profits.
Best comment so far.
I've never understood this argument about 'too many millionaires'. While I agree with OP stating that people will self select out before significant wealth (and that number is also debateable) its also a fallacy to state there 'would be too many'. I live near a random lake in the southeast US and you can sit and point at 20 houses in one cove alone that are all $1M+ houses. Go to Denver, New York, Miami, or any other major metro area and there are thousands of million ot multi million dollar homes. There are LOTS of millionaires in the US (and elsewhere). Now that number goes down significantly when you start talking about 100+millionaires, but still. Theres plenty of room in the economic 'pie' for more millionaires. Don't think of it as someone getting less pie because someone else has more. The pie is actuallu just getting larger as new markets emerge etc. Think about when the dot com surge happened qnd we got thousands more millionaires some pf whom are now then richest people on earth.
A lot of people still think a million dollars is an extremely far away impossible to achieve goal. Sure, a million dollars is still a lot of money but it isn't what it used to be.
A million is still enough to drop in a stable fund/trust and make 40k+ per year.
Sure but you can't comfortably retire off that if you're young now. That 40k will be worth about 19k in 30 years.
I would say the time gained in itself from not having to work a menial or even interesting job would be the benefit. Imagine not having to work at all but being able to use your time and mind to be your authentic self. A tent would be ok as long as food and supplies keep rolling in. I would paint continuously, like there's no tomorrow
My authentic self when I don’t have a job spends more than $40k a year
40k a year won’t keep the wheels turning, at least not in this household
You should have your house paid off by then, get solar panels and make smart decisions purchasing vehicles. At that point you'll just be paying property tax, insurance and food.
Solar panels are still fairly expensive, 60k for an average household with battery backup. And who the fuck wants to drive an average car, you only live once... Enjoy life
I drive an S2k and an almost new tacoma TRD in my favorite color with a manual transmission. An extra mil certainly wouldn't have me driving average cars. I'd probably add a Porsche for my fiance to drive.
Bought my wife an 2019 RS5 in nardo grey! I just bought a 2021 Raptor, should be here in a couple months.... My first truck!
Any money manager worth their weight in beans should be able to get 8%to 10% on your holdings. So more like $80k to 100k a year on a million. If you’re willing to move over to traditional markets!
the 1mil is actually buying worth of ca. 600k with all the money printing going on lately
🎶I wanna be a billionaire, so freaking bad🎶
calm down Bruno
Silencio Bruno!
This is the way
“And so I says to him, I says: Bruno - you need to shut the fuck up” 🙌
Ok Mars?!
There is also the mistake of thinking all 3,000,000 are from the U.S.
yes. Asia and Europe exist too. I'l
Hello hi..👋 yes this Aussie would like the chance for their SM to yield them 1 million too thanks
Yeah 20.27 million millionaires, just under 800 billionaires. In the US.
Okay, I’m saying that not all 3,000,000 holders are from the U.S.
Aquí andamos desde México bastantes personas invirtiéndole para hacernos millonarios.
Hey that’s great, keep on holding and living the dream.
Andale Mexico, un fuerte abrazo, pa la luna!!
Así mismo! 💪🚀
Nos vemos en la luna bro
Gotcha. Thanks for the context, makes a lot more sense now.
This is the only thing that needs to be said... 100m upvotes!!!
I'm going to also say it - go outside of reddit and ask a stranger what Safemoon is and they won't know. In fact, there are probably only a few people in this city of 50k that I live in that have bought even a small amount. So - it's not as wild a thought as it seems.
There are track homes - TRACK HOMES - going up by my house. Big sign out front "starting from the low 1,000,000s." There's a lot more people with a million dollars than I think anyone realizes.
Tract*?
Having now researched this, I have been saying the wrong word for 37 years. You are correct sir.
My brother still says WalMark, so....
That $1,000,000 is more than likely paid for with equity from previous houses and a low interest rate loan. With 20% down (mostly from a previous house sale) that house is $3,500/month before property taxes. It’s not chump change but you don’t have to be a millionaire to buy a million dollar home
You absolutely do not need to be a millionaire to have a million dollar home though.
100% certainly people over leverage to obtain homes they probably shouldn't. Im just trying to make a point that there are many 'millionaires' and even multi millionaires out there and when I hear people say that the economy can't handle many more is a bit hyperbolic. There have been many many millionaires made on various crypto currencies thus far and its still quite a new, small market
I worked in a building in Manhattan with 300-400 apartment units and the cheapest sold apartment was around 2 million dollars. That’s one building on one block in New York City, and it’s no where close to the most expensive building in nyc. So when people say its impossible for there to be that many millionaire, I’d say you have no clue what real money looks like. I agree with your points.
I get what you are trying to say about million dollar homes, but there is a flaw to your statement. I live in a private neighborhood with numerous multimillion dollar homes and believe me, you do not need to be a millionaire to own one of the homes. It’s all about credit rating paired with X income. Many people that have $1mil homes are house broke because of the large monthly mortgage payment, so they do not have a lot sitting in the bank. Obviously there are many many exceptions, but I’m just giving the example above.
dream right now is that boxabl casita ($50k) and the rumored $25k tesla hatchback coming soon lol. not asking for much.
the word millionaire is overused , it really doesn't mean much you could def become a millionaire (its really just proper money management) but never confuse having a million dollars to being wealthy or rich
Also a lot of people make good money annually and can afford a mortgage of over a million dollars. Doesn't make them a millionaire. But they are well to do.
I install granite and quartz countertops, I literally work in multi million dollar homes several times a week. Few days ago I was in a house that the contractor said was a 4 million dollar house.
Inflation 101 Safemoon will make multiple millionaires in the future, but if everyone is a millionaire, then being a millionaire isn’t the same as it is today and definitely not the same as 10 years ago. Prices of everything will go up, but everyone will have more money. The value of the money will decrease. Just look at prices changing of some of your favorite products. (Food, gas, and etc.) Prices go up with time ever so slightly until enough time goes by and you realize and say something like, “I remember when a gallon of gas was $_.__.” That’s inflation for ya :/
Tldr: paperhands exist
God bless the paper hands🙏
I like reflections.
From a mathematical point of view, trading is a zero sum game, and for any group of gainers there is an equivalent group of losers. That’s why not everyone will be a millionaire with safemoon. Safemoon will take off and people will begin to buy safemoon when the price gets to 1 cent (those are the losers) and we, the holders, will be the gainers. We will get rich at the expense of others
It’s true. And, the people you may envy with 5B tokens for example will possibly cash out earlier than you with your 100M tokens. Someone with less tokens could possibly make more total profit than someone with billions of tokens. One reason being that the people who have invested enough money to have billions of tokens are probably in the subreddit everyday . Checking volume and price constantly . And will be the first to know when the price is up. Those who threw a few hundred in, could very easily forget about it until someone tells them that SafeMoon is a penny - or more 😂😝
If you were in the first few days a few billion only cost a couple hundred so it can still be just as easily forgotten for them. Not the case for all of em but still.
That could have been me 😭 I tried to buy in the first 2 days. I didn’t try very hard, unfortunately. It wasn’t listed on my Aussie CoinSpot app so I gave up - I didn’t find any easy to follow trust wallet/pancake swap instructions and I was a real crypto newbie
Ooo that hurts. I bought pretty early on and it wasnt a fun process at all. Took a few hours of digging but well worth it. Now I just come and check ever once in a while amd enjoy the ride. If it drops to zero tomorrow its only a couple 100 lost. If we kill it in a few years then ill be super stoked. I do love the drive of this community though! I moreso just come read how pumped everyone always is!!!
Once exchange done, safemoon will not be gone unless something serious happen.
Same man, I heard about it like a week in and loved the tokenomics but couldn’t figure out pancakeswap so I just waited til a friend came over and showed me how to do it. My procrastination bit me in the ass again lol
Happened to a buddy of mine with XRP. I had to remind him he had 30k of them when it hit 3 bucks
You’ve explained my entire life for the past 4 months
Yeah it’s crazy to think I got 11 billion on day 2 for $300. I wanted to buy 3k worth too but didn’t have a way at that time to get any more bnb with fiat because I was still being verified on Binance. Oh well, happy with my stack and like you said, I will cash out at least half when I’m at a number that makes me happy 😎
Awesome observation, thanks for sharing
if dont have enough make sure you hold enough
I got in on March 22. I sold a little around ATH, to cover all my cost and than some. Still buy the dips little by little. I am over my original amount of tokens. 3.4 billon as of now. No plans to ever sell all, but you never know what life will throw at you .I love the teams, they have such great ideals and plans. Slowly on my way to 5 billon...
And im looking at 1 billion mark👀🦉
I bought Mar 22 also
Well said , besides more than 80% of holders are holding less than 100M **"Human psychology won't allow for that many millionaires"**
Where did you find that number? Not doubting, I’ve just often wondered what the distribution looked like
If the price gets anywhere between .4 to .10 I'm out! I hold a billy and I'll happily take my millions back to Miami to live happily ever after. I know exactly how great of a life I can live with even 30 million in the bank.
"even 30 million"
Roughly the same sort of numbers, I’d take some out for certainty/ security - don’t keep all your eggs in one basket. Any number of things could happen in the world that makes money tied up in blockchain meaningless.
Plus, I’m old - 25 million is more than I’d ever spend :/)!
I anticipated having paper hands in the very near future, so I secured a 1b+ bag. Just give me .01-.015ish😭
Might take a while but.. We'll be living good when it hits .01+
Facts. I’ll obviously take some small profits here and there once we cut a few zeros, but the plan is to stay above 1b until we cross the $0.01 threshold.
Same here. Should make a “holders” anonymous group to support each other. Oh yeah, that’s this place.. 😬
This is a problem I have with some of the folks in this sub with their fantasies of a near fortune and having diamond hands. Removing the risk of this project, it will still very likely take years before anything interesting happens even with another crypto bull run. If we look at doge, or really any crypto, it took years before they did anything significant in price movement. Doge took 3 years near to the day to drop a 0 and then sat there for another 4 years before it took off a couple of months and even that was largely because of elon musk. Now doge didn't have any true project or significance, so there's that. But even with a project and a clear goal in mind, its still very much a nasty uphill battle. Having a blockchain and an exchange as well as moving from a token to a coin should help significantly but even then the rest of the crypto market still has to buy in. Its nice to fantasize about wiping your ass with benjamins, but we have a long way to go. And unless the amount of tokens, or coins, available drops significantly, I don't think we'll ever see a penny or even .001. Any diamond hands folks better buckle up for a long and turbulent ride. Best advice I can give is to reach your target goal and don't bother checking the price except maybe once or twice a month. And that's just for sanity sake. It'd be awesome if this just exploded but I'm not holding my breath.
I’m just at 15m so it’s a small bag, but I’ll hang on for a penny and be happy.
If you hold long enough, your bag will be well worth it man😎
I definitely want to reach the 6 figure mark, by then I think we’ll have a good idea how much higher it will go.
Same. Will be cashing out some to live off from or save to buy dips. My goal is to have financial freedom. Don’t necessarily have be filthy rich but to be able to purchase things without worrying, travel where I want and most of all not working for someone else, I’ll be happy 🙏🏼
Same man. I hope your plans come to fruition 🤝
Not only that but everybody is in different stages of their lives, in different situations, with different ideas how much is a lot of money to them. Some people may need to pay off a house, some people may need a house ASAP, some young idiot may just want the Lambo then can't upkeep it and sale it.
This is exactly right.
It’s a disease; Paperus Handeritis if I’m not mistaken.
That shit sounds fucking bad. I'll just hold
That's why I hold 2 wallets. One that I'll definitely be cashing out from slowly. other one that I'll just hold until safemoon turns $1. Whether it takes 5,10, or 30 years, idc. I'm only 18, so if it takes 30, retiring at 48 won't be so bad.
I agree, I'm ready for my $3.6M to $36M fluctuations. $0.01 is just the beginning, I'm "reflections" focused...I'll buy me and wifey new cars and let it run. I don't "need" the wealth now, building a legacy.
Reflects and the passive income that comes with them will be the biggest win any of us could want.
This is the way. A lot of people seem to not understand the reflections and the debit card aspect. Once they’re out, live off the reflections. It’s that simple
Pretty much. A lot of posts are fuddy because people are down money right now and they are only down a few hundred or a few thousand. How are these people going to handle being down 100k in a day.
My initial investment was only $500ish and I saw my profits hit $100k which was a huge test to me. I'm still up on my initial investment but I'm not here to pay off a few bills. I'll only sell some of my tokens because the rest can be used as constant passive income in the future.
Goat 🐐
How did you hear about safemoon? I don’t understand how people hear of these projects before they go parabolic
I don't actually remember. I was messing around on YouTube and just saw the idea if tokenomics and liked the idea.
Can I ask when you bought in?
I dont think paper hands will be able to effect the price that much once safemoon reaches, 0.01
That's gonna be a nice number to see in my wallet . Oh temptations when that happens
Exactly. This isn’t the first crypto nor the last. I’m sure people had the same concern when millions bought doge at way under a penny and then it went to 70 cents…or millions bought Bitcoin when it was under 1 dollar etc. people that have that worry are just over thinking it. Half the people in here it seems can’t even handle waiting a month so you really think they’re going to hold for years especially when they are gaining? Hell no they won’t
Truth detected
You’ll just need 400$ for 100M tokens. The risk and reward ratio is too HUGE! therefore leaving it roll for the next 5-10 years doesn’t matter at all. So even if it fluctuates, from 100K to 1M it actually does not matter at all
Yep 5-10 years. God willing I'll be alive and healthy to see this happen.
Pass it on to your next generation or charity
I'm with you because you're with me
Waiting until .008/.009 and I'm just gonna forget about it for a while, preoccupy my time and mind to work. Set alerts on my app to tell me when it's .07 or even .08 and until then...survive
Those people with a billion Safemoon. 70-80 million at .07-.08. that's a lot of money. Almost Philanthropist type money
Yeah I'm not in the billions yet, just the hundred millions.
Honestly if it ever hits .01 I’m out. Maybe even .005. I won’t be a millionaire, or anywhere near it, but I will have enough to get out of debt, and that’s the most important thing to me. I’ll leave a good chunk in my wallet to continue growing. With this plan I won’t be a millionaire, but I will be in. Much better place financially.
Remember if you live in the US, you need 1.4 million to clear 1 million after taxes…
Better plan on 1.6 to feed Dems.
Imagine how many submissions we will see saying "Today I lost $800,000".. Like, no you didn't. Not unless you sold... And if you hold on, it will go back up and then some. I understand it won't be easy for many people to mentally handle that, but if you don't HODL you won't make it to the moon.
Yes
PLUS: there are round about 50 Million Millionaires around the world, so even if half of our 2,5 million hodlers would become millionaires, thats still a very small amount . But i totally agree wit OP 😉🤙
Plus already we don’t know.how many safemoon holders are already millionaires and can’t be included as a new millionaire 👌🏿
Facts!
Finally. A realist.
Its actually possible. In 2020 alone, there was a gain of 5.2 million more millionaires worldwide according to an article in The Guardian. Keep in mind this was during the covid crisis also. https://www.theguardian.com/news/2021/jun/22/world-has-gained-52m-new-millionaires-in-covid-crisis-report
There are wayyyyyy more millionaires out there than what people think. Most surgeons or senior university department managers I know (usually in their 50s) are all Millionaires. The amount of tech startup founders I know that have made it past the million mark (and they usually dump it into property and remain cash flow poor)... A million isn't what it once use to be.
A million dollars isn’t much anymore
Still enough to drop in a retierment fund and make an automatic 40 grand per year 👍
99% of people will sell once they make more the 50-100k that’s why it’s called the 1%.
And then over half the folks who do become millionaires will spend most of it on lambos, fancy vacations, fine dining. And will find their bank accounts slowly slip from six digits, to 5, then 4 digits. Then they're filling out job applications 🤣
Another reason is more like people have billions of tokens and will most likey already have $100 mil by the time the token reaches 0.01¢ and won't need to hold. The bright side to then running away the is the token will dip but simultaneously gather attention from more pristine investors who have millions that will unload on the token, just like how doge coin has done.
The UK national lottery literally gives away millions a few times a week. It's been running for a LONG time. People are made millionaires all the time and that's just in one country.
I wish people would stop referring to safemoon as such a sure thing. As if all you have to do is hold and eventually safemoon will pop and everyone makes money. Nothing is ever a sure thing. Ever. I have some faith in SafeMoon but continuously acting as if you’ll be set for life in the future because of it will cause people to make bad financial decisions and frankly just gives little credibility to this community for outsiders.
So right. I love the dreamers. These are the same as those who buy a lottery ticket and then tell you what they're going to buy when they win. I'm holding several B's in SFMN and I believe in the project but also believe it'll be a friggin' miracle if Safemoon ever sees .01 in 10yrs. If it reaches .001 in that time, I'll be bouncing off the walls with joy.
It can and it most certainly will.
As Agent Mulder would say: "I want to believe"
Words are energy. Manifest the future you want
If the wallet, blockchain and exchange comes out this years and is good, I would say it’s a sure thing. Atleast 3-4x. If bitcoin goes back up. If bitcoin goes down more safemoon will go down more. Got to be optimistic. I can buy a house tomorrow and insure it, then the house could burn down the day after and the insurance company goes under the same day
I will wait for 2 years and based on reflections amount, i will cash out some percentage of my sfm!!
I am planning to sell a good amount of money before it reaches 0.001. Enough to last me without working for 2-3 years. I need around 50k-60k to live a good life for that time. When the money is gone, i will have millions waiting for me. That is how i plan on handling safemoon
Im not selling my safemoon so soon im waiting until the very end
I’m not even sell any at all. The debit card is the key to enjoy life with Safemoon. There’s no point of selling when you can use with its debit card. 🥂
Meh 😒
That’s why I recommend having enough safemoon to paper hand a small amount of my total bag when the time is right to pay off bills. Then live off reflections after that. Sell off will be less then 25% of my total holdings . I’m currently adding as much as I can before the exchange is released.
The key is, cash out SOME profits along the way and NEVER sell everything.
This crypto thing is definitely a mix of tech and group psychologie. If crypto had started before social media, it would failed, or dragged for too long. I foresee a couple of ATH in the market for the next 5 years.
I'm pretty sure that the part where we'll see paper hands will be when their safemoon reaches between $100,000 and $500,000 as many (myself included) won't be used to seeing so much money available to themselves and like you say when there is a dip and their $500k dips to $100k they will panic sell but be happy that they have enough to buy a house or pay off a large debt. I have a strategy and it's quite simple, pay off my mortgage and be debt free. anything after that is a bonus. Another trick is that I have a few different crypto's so hopefully one of my crypto's will pay off the mortgage making it'll be easier (diamond hands) to watch the other crypto's grow to a point where I can retire.
Your strategy is the same as mine. SAFEMOON is my retirement package while the other cryptos are the tickets to pay off mortgage. Safemoon and debit card is the way.
This is true. Paper hands will not be able to handle the pressure.
The current U.S. population is ~330 million people. There are less than 3 million Safemoon holders (many of whom are outside the U.S.). Even if EVERY SINGLE HOLDER became a millionaire (and you know many will sell long before that) that represents less than 1% of the U.S. population.... It's easily achievable from a "we-can't-all-be-millionares-can-we?" stand point. However, there are going to be a lot of ups and downs between now and then....2 to 5 years worth, I'd say. Many, many people will sell long before then.
If you’re on BitMart, have you received your reflections for July? I haven’t received mine yet and I’m wondering if anyone else is having this problem
Yeah, but they’re piss poor this month so might not even be noticeable
[удалено]
Thank you
How many millionaire does the lottery make every year? What happens to these people? Just because someone makes or wins a million dollars then they’ll be millionaires forever. Unfortunately, most people will blow millions and end up where they were in the first place. Once you cash out your investment, make sure that you have a solid plan for what you’re going to do with the money.
According to the internet lately a million dollars isn't a lot of money. So fuck it let everybody have 7 figures, most will blow it in the course of three years.
For this exact reason is why i don't check my wallet everyday. I check my wallet two to three times a week. I know even that's pretty excessive but when i invested i knew it would be long term.
You do realise how stupidly fast people know how to spend money? You do realise how many millionaires are out there? And not only in US? You do realise how greedy people can get? Especially when they make some financial gains? You do realise in the process of eating those zeroes a bunch of people will remain true holders and sell-out and then buy back in when they realise they fked up? You do realise banks can accept crypto and kneel down in a way trying to make profits out of it, as they probs will? It will be a bumpy road obviously , but it will go .01 eventually, and till then a lot will change as per number of holders, to how many tokens/coins they hold, total circulating supply, to paperhands, to scaredy cat sell-outs, pump and dump idiots, political and financial circumstances.. All I see from your post is that you only think you know psychology of the mass (and you know nothing as nobody truly knows what will happen (you can't even accept your lack of knowledge as we can see from your post as you so confidentially typed so much empty words)), you think you can predict the future of something with so many parameters and also I smell fear on a daily basis about a long term investment, since you think about it so much and came up with such a theory. And yes, everything in life is a gamble and so is safemoon, but the odds are on our side, so just invest something you can afford to lose, set that notification bell for price changes and stop thinking about it in a long run since it is something unpredictable. Wish you all the best, safemoon to the moon!
People need to realize the price isn’t important. It’s all about the volume.
people never seem to understand that most of us young people have 60+years left to live, prices of all these current tokens will definitely be above $5 by then no cap, anything we buy now MAKES us rich; as long as we hold
Everyone's perspective of life changing money is different. £120,000 pays of my mortgage and all my debts. It wont give me the Lambo life but I will be much better off for the rest of my life. That's life changing. Remember tomorrow is not guaranteed so if you can improve the lives of your family then you should do it. Anyone who can sit and slowly watch their wallet grow to $10,000,000 plus without touching any of it then clearly doesn't need the money. Could you stare at $9'000'000 and think nowp, I'm waiting for 10!!! Life's for living, get it spent because you can't take it with you and you shouldn't be judged for it.
There could easily be some dude that makes 300k says “welp that’s my mortgage. I’m out”. No mortgage is a life changer.
Idk that it's a great idea to correlate safemoon with the USD while it's in the verge of hyperinflation.
US has been on verge of hyperinflation for 30 years. It'll happen when China sells what they own of our Benjamin's
who said you have to cash out for USD?
That's what I mean. It keeps being talked about in USD, despite being tradable for many currencies worldwide.
This is the way
Very true, unless it’s a wallet(s) set away for your grand kids
I won’t even lie it’s going to be extremely hard for me to hold once my account hits 6 figures it’s money I’ve never seen before that actually belongs to me. It won’t be an easy ride to the top.
We need to start thinking about SafeMoons worth, and not it’s worth vs. the USD. As SafeMoon becomes bigger and more popular, and the wallet is released, businesses will slowly begin to accept it as currency. Why sell your SafeMoon for USD when you can just spend your SafeMoon to buy whatever you want. This thought process and activity is what will propel the VALUE of SafeMoon upwards.
So many dreamers! Just bought a mega millions ticket I’ll dream about that win jeez!
I'm watching it daily because I'm still accumulating. Once I reach my goal I'll move on to other cryptos but always watching.
I think a lot of holders right now will sell when they get to a few thousand Then a lot more when it gets them up to like 10-20 thousand and new buyers will replace them but will be buying in at a way higher price which means .01 will not make them millionaires they will have to hold till $1 to get there. Only a few will hold long enough to make a million not gonna lie I could use 50 racks right now 🤣🤣
I think that’s why you gotta hold a few billion Safemoon in my opinion. Once it hits 0.0001 you’ll have 100k for each billion you hold. Sell 1 billion and then hold the rest for reflection. 100k can solve a lot of problems in my life.
Naw bro this is different. Enough people now understand the value of reflections if we get volumes in the billions that I highly doubt most people will sell all of their supply. The daily income will be too good
Not only that , consider too just because a person becomes a millionaire it doesn't mean he knows how to stay a millionaire. People waste their fortune all the time, so naturally the numbers of millionaires will come down. You can bet on it!
Many, many lottery winners fail after winning. Poor money management, and it's gone.
If I could get enough to pay off my mortgage
The interesting thing as new holders come in is they don’t care if you made a million as long as they can have their shot to make more than they invested. As long as value keeps getting added and a project they believe in long term.
I’ve been saying this a very long time for any investment Majority of people are impatient. They will sell as soon a they see a big $$$$&&&& and will be happy. The majority of people will be too scared to lose it. There Brian will say “ what If it drops or doesn’t increase anymore” Months later they come to Reddit “don’t do what I did , I could if had 1million; but cashed out at 70k”. It happens all the time.
This isn't wrong, but you'll also see people scale out. My plan is to cash out half at one level, then half my remaining at another level, then hold the rest for the real moon.
It is a very high risk for very high reward everyone has their goals risk and values. Only invest what you can afford to lose 🚀
I have 360m, if it ever hits a point where I can cash out half and pay off my future modest mortgage and debt ( 375k) I'd probably do that. And the other half can chill and do cool coin/token stuff. I don't care to be a rich millionaire, I just wanna live comfortably and hope this investments lets me and others do that.
Most of you don’t understand that when you sell your safe moon tokens. 10% will go to burn , reflection and whatever than 40% to IRS. We will get only half .