 | As a recap, Safemoon has three fees:
Safemoon has dropped the 10% fee to 1% which has Safemoon users happy. This is yet another example of how you can trap investors in a scheme and slow rug them, all the while having them happy about it. A 1% buy/sell fee is still overly excessive and shouldn't even exist at all. On the news of the exchange, u/crownpoly posted John Baloney said it would take 6-8 more months after the initial announcement 2 years ago. This is of course, just one of MANY in a long list of promises to investors still unfulfilled since the start of Safemoon in 2021. Upon the news, some 'investors'(terms used very loosely) have bought Safemoon and the price has went up near 100%. And the "Safemoon Army" celebrates. Once again, this is how deceptive and psychologically trapping a slow rug sh*tcoin can be because even with those "big gains", the majority of 'investors' are down 97-98% between V1 and V2. You see, when you lose big you have to recover a lot more than you lost just to breakeven. Prices may have been up 90+%, but it's only up 90+% on the 1-3% 'investors' had left after already loosing 97-99%. But yet they celebrate, once again seeing this as a "new beginning" or "restarst" after going through this countless times before as the price pumped than dumped even lower than before. There have however been some "voices of reason": Once again, it just goes to show how easily emotions can be manipulated. Even if people know they were being cheated and manipulated. All you have to do is abuse them less to be happy. Being up 60% is great, but only if you haven't already lost almost everything already. Sometimes it's also best just to know when to cut your losses. Also, not legal advice, but most of the 100x potential alts you are looking for happen to turn out very similar to this. [link] [comments] |
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