Market Turbulence + SAFERmoon
Disclaimer: We do not give investment advice. Do your own research, and never invest more than you can afford to lose in any project.
The crypto market is having an extremely turbulent few days. There’s no getting around that fact. BTC dropped from an all time high of $63k to under $40k. Now it’s bouncing up and down. Each swing pulls the rest of the crypto market with it, from ETH, to BNB, to Safe Moon, and to us, SAFERmoon.
What does this mean for you? As we always recommend, never invest more than you can afford to lose in ANY project. You never know what’s going to happen. That being said, panicking doesn’t help you or the market in general. Our best advice is to remain calm, keep your money in projects you trust, and take a break from checking the chart constantly. But in the end, what you do with your money is entirely your decision. I can, however, speak for myself (@SaferMoonProject on Telegram).
What We Think about Current Market Conditions
The honest answer? Not much. Members of our team have been investing in crypto for a decade or more. We have been through ups and down and periods of turmoil. Every time, crypto attracts more and more investors once the dust settles. Why should this time be any different?
We began SAFERmoon to address security concerns in the BSC space. The fact that almost everyone knows what a “rug” is should tell you something important: scams are too widespread. If unethical project owners were few and far between, most investors wouldn’t have to look out for being scammed in every single project. It’s hard to measure precisely, but it can feel like there are more scams than legitimate projects on BSC some days.
SAFERmoon’s future SaferLaunch platform is designed to bring stability to BSC by combatting bots and ensuring every project’s code is not ruggable. I want to emphasize here that this is a long term project. The SAFERMOON token is just the beginning. One of the key future use cases for our token is to use it to invest in and vote for other safer projects. In other words, the team is committed to building out our platform regardless of market conditions.
“Why is the Price Going Down?”
We get asked this question a LOT. Why is the price going down? The obvious answer is that it is because people are selling. Right now, SAFERmoon is subject to the same exact market forces affecting BTC and almost every other cryptocurrency in existence.
As the project owner, I have not sold a single SAFERmoon from my wallet. Not when the Market Cap was $100m and not now. Nor has any been sold from the dev wallet. Again: This is NOT a short term profit play for me and the rest of the team. If it was, there were many times over the past few weeks (during peaks) where I could have sold to make a profit. I didn’t do that. I won’t do that. I won’t do anything to intentionally damage the project, because that will detract from SAFERmoon’s purpose and effectively destroy all the long hours we have been pouring into the project.
We have had long, long discussions as to the ethics of whether and how to pay ourselves for the work we’re putting in. For example, is it unethical for the owner to sell small amounts to pay themselves? In the end, I think that when we have an up market, the owner should be able to ethically sell some SAFERmoon for compensation as long as it doesn’t negatively impact the project’s growth. However, during a down market, I personally do not think the owner should be paid at the expense of other investors. And this is how I have behaved.
The Future is Still Bright
It may not feel that way now (looking at your portfolio and seeing red across the board), but the future of cryptocurrency remains bullish. Digital currencies aren’t going anywhere. In fact, more people have exposure to crypto now than at any other time, so it’s plausible that the next bull run will be that much greater.
The SAFERmoon team continues to pour tens of thousands of dollars into marketing efforts from our own pockets. We continue to build amazing new features. And we are brewing up some truly extraordinary marketing efforts, the first of which will be announced on Friday (21 May). Stay tuned.
Finally, I want to thank every single SAFERmoon investor. We are working our hardest to do right by all of you and are deeply humbled by the support the community has shown. Within just a few weeks, we’re already attracting a base of mature investors who understand the risks and possible rewards — this is something few projects can claim. For that, we should all be proud.
Telegram announcements: https://t.me/safermoonofficialann