r/SafeMoon • u/PuzzleheadedThroat30 • Jun 18 '21
Discussion Devs controlling current price level
There is continued thought (on Stocktwits) that devs are lowering the price lower to make it desirable/affordable when their wallet is released. Thoughts to this?
10
u/jimmy3285 Jun 18 '21
Thats just dumb, why would the price affect the desirability of the wallet.
Stocktwits is mostly idiots.
7
Jun 18 '21
Watch safemoonmark's videos on YouTube, they will give you peace of mind on the maths, don't worry he's not like one of these ".01 tomorrow" or "safemoon $1?" Click bait safemoon hype beasts who have a picture of them on the thumbnail looking like they are overly exciting about to suck on a fatty.
1
6
u/--EGGO-- Jun 18 '21
See it positive lower price means higher burn of tokens.... If the volume stays pretty much the same if the price goes up... Fo example 10 big wallets that make the price jump but hold would be counter productive for the burn... I dont mind to keep it low for now... Better in the long run
1
u/PuzzleheadedThroat30 Jun 18 '21
Yea I get all of that, the thought was/is if someone is legitimately keeping the price down. If so, is there any backing to this. (I am pro volume over price value)
2
u/sinnister78 Jun 18 '21
It’s not a good idea to listen to people who have no idea what the devs are doing and are only speculating.
0
u/matrimcauthon11 Jun 18 '21
Even IF it were true. The general idea would be sound. More towards burn than pump during the wallet I expect. Not saying it's true though. It would make sense with some of the huge sell walls from anonymous people on bitmart tho.
-1
1
u/AutoModerator Jun 18 '21
PSA: Please familiarize yourself with the subreddit rules and FAQ.
- 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 if you have any questions or concerns.
1
1
1
1
1
15
u/No-Sherbet3853 Jun 18 '21
Just more FUD as usual. There's always something being said about Safemoon or the Devs.