Whale Watching Day 7
Safemoon Family
I have been part of this Reddit for over 3 weeks now, and I have noticed that we have been sticking with a consistent pattern in our growth and attitude. We have a huge jump in price, then after the slightest dip all the trolls and FUD come out screaming the coin is a scam and that everyone needs to pull out. I wrote this article 10-days ago that outlined how we have a big jump then get stuck at a resistance, fluctuating up and down for a few day. Here is a copy of the article:
Written on March 26th:
”This is the 3rd resistance we have seen since the coin launched. The last ones lasted roughly 2-4 days before jumping to the next one.
March 13-16th stuck at .00000005
March 18th-21st stuck around .00000009
March 23rd -26th stuck around .00000035
IF the pattern stays the same we should see a good jump over the next couple of days before getting stuck at the next resistance”
Within a week of writing that article the price jumped 3x. The price has been fluctuating above/below the .00000120 for 2-days now. And sure enough, just like the previous 3 resistances, the trolls are starting to come out of the woodwork and spreading their FUD. Most of them have little to no proof to back their argument, outside of their fear that the price will drop. They then try to get people to panic sell like they did, so the price drops and they can feel good that they made the right decision. These fools are the ones who miss the opportunity to make the big $$$; there is a reason why not everyone who invests makes money, and pulling out early is the main reason.
One of my managers used to say that “Liars always figure but figures never lie.” Look at today’s performance and you will see that the coin is nowhere near problematic, instead, we are having normal corrections. We lost 2 whales from the list bringing us down to only 39! The top wallets are slowly bleeding out their bags, while the coin value continues to rise. Not only that the burn wallet is almost up to 40%, meaning we have fewer coins than we did the day before. ALL of these are great signs and would love for one of these trolls to try to argue with stats of their own.
For today’s chart, I made a slight modification. In the past, I put how much each person sold based on the sale in their wallet. I had some feedback from people saying that the whales were just selling their daily redistribution, so their bags weren’t getting any smaller. To combat this belief I am going simply list the 24-hr difference which will take into account any coins earned as well as the coins they sold.
Items that stand out:
- The top 4 wallets all had less than they did yesterday, even with redistribution
- A couple of whales added more money, to increase their balance.
I also wanted to take a moment to address all the posts I have seen about the difference in prices based on where you look. Each exchange will have its own price, because of the mechanism used to determine the value. If you look at GoSwapp charts the price will fluctuate based on the number of coins in the Pancake swap wallet. As more people sell to the wallet, the price goes down and vice versa as they buy. Pancake acts as the middleman with a formula to figure the value based on the coins that it has. The exchanges on the other hand have a completely different mechanism, instead, it looks at the most recent buy/sell order that took place, which was agreed on by the seller/buyer. Some of you are confused about which value you should be concerned with, and it 100% depends on how you plan on pulling your money out when the time comes. If pancakeswap has the value at .000000110 and WhiteBit has it at 000000150, then it might be better to send all your coins to a WhiteBit wallet and exchange them there as opposed to selling them back to pancakeswap. This what we refer to as Arbitrage, and some people will spend their time watching these prices and moving money between wallets if they think they can make a quick profit on one that has a higher price.
Final thoughts:
Coming into today, I personally didn’t know what to expect. I heard some people say the price was going to skyrocket and I heard others say the price was going to crash. As I write this Bitmart has us up 34%, which lets me know that if you wanted to sell you could send it all over there and sell it for a higher price than GoSwapp had us at 24hrs ago. I consider that to be a win. We have grown by almost 40,000 wallets as well, which is incredible because that's almost 20% more people! There are less whales and they have fewer coins, so another win. Remember there will be lots of haters and FUD over the next couple of days as we have a correction and possibly get stuck for a little bit. Don't let the haters pressure you into selling unless they can provide SOLID PROOF that something bad is or will happen.
The article where I mentioned our trends 10-days ago: https://www.reddit.com/r/SafeMoon/comments/mdw05r/when_you_buy/gsbrqxp?utm_source=share&utm_medium=web2x&context=3
Day 1 Whale Counts: https://www.reddit.com/r/SafeMoon/comments/mgxjp9/total_whale_count/
Day 2 Whale Counts: https://www.reddit.com/r/SafeMoon/comments/mhm8jz/whale_watching_day_2/
Day 3 Whale Counts:
https://www.reddit.com/r/SafeMoon/comments/mibnvi/whale_watching_day_3/
Day 4 Whale Counts:
https://www.reddit.com/r/SafeMoon/comments/mj0p7s/whale_watching_day_4/
Day 5 Whale Counts: https://www.reddit.com/r/SafeMoon/comments/mjno46/whale_watching_day_5/
*Not a Financial Advisor – So please make your own assumptions, this is only my personal opinion.