Buying SAFEMOON COIN | Crypto Investing
Published on: December 4 2022 by Hayden Bowles
Buying SAFEMOON COIN | Crypto Investing
Table of Contents
Buying SAFEMOON COIN | Crypto Investing
startTime | durationTime | text |
00:00:00 | 00:00:03 | i had absolutely no plans to make this |
00:00:02 | 00:00:05 | video but |
00:00:03 | 00:00:07 | here we are a lot of people have been |
00:00:05 | 00:00:08 | going crazy with crypto a lot of people |
00:00:07 | 00:00:10 | moving their money out of the stok |
00:00:08 | 00:00:11 | market even |
00:00:10 | 00:00:14 | just to put it in some of these crazy |
00:00:11 | 00:00:16 | all coins i'm not a big crypto guy my |
00:00:14 | 00:00:18 | best move in terms of crypto was buying |
00:00:16 | 00:00:19 | bitcoin back when it was at 1800 and i |
00:00:18 | 00:00:21 | sold way too soon |
00:00:19 | 00:00:23 | in hindsight however here we are with |
00:00:21 | 00:00:25 | everything going wild with dogecoin |
00:00:23 | 00:00:27 | and now with safe moon i want to tok a |
00:00:25 | 00:00:28 | little bit about the crypto market space |
00:00:27 | 00:00:30 | i do |
00:00:28 | 00:00:31 | own multiple coins i'm gonna tok about |
00:00:30 | 00:00:34 | that my buying experience |
00:00:31 | 00:00:35 | and overall my opinion on this very |
00:00:34 | 00:00:37 | volatile market |
00:00:35 | 00:00:38 | so before we get deep into it every |
00:00:37 | 00:00:41 | single like on this video |
00:00:38 | 00:00:43 | is gonna result in a one dollar purchase |
00:00:41 | 00:00:44 | of safe moon for me this month so if we |
00:00:43 | 00:00:45 | get 10 000 likes |
00:00:44 | 00:00:47 | i'm gonna put ten thousand dollars in if |
00:00:45 | 00:00:48 | we get a hundred thousand i'll put a |
00:00:47 | 00:00:50 | hundred thousand dollars in |
00:00:48 | 00:00:52 | we're just gonna see what happens it's |
00:00:50 | 00:00:54 | purely a gamble okay so |
00:00:52 | 00:00:56 | that's the first thing second i want you |
00:00:54 | 00:00:57 | to comment below and let me know if you |
00:00:56 | 00:00:58 | own any crypto i'm curious what your |
00:00:57 | 00:01:00 | holdings looks like |
00:00:58 | 00:01:01 | you don't have to tok about exact |
00:01:00 | 00:01:03 | dollar figures if you don't want to |
00:01:01 | 00:01:05 | i just want to see where everyone's at |
00:01:03 | 00:01:06 | because honestly part of my hype coin |
00:01:05 | 00:01:07 | which is what a lot of people are |
00:01:06 | 00:01:09 | calling this |
00:01:07 | 00:01:10 | part of my hype coin strategy and i'll |
00:01:09 | 00:01:11 | tok about how much money i'm putting |
00:01:10 | 00:01:12 | into this |
00:01:11 | 00:01:14 | it's just getting an overall sense of |
00:01:12 | 00:01:17 | the marketplace i think it's a |
00:01:14 | 00:01:17 | reasonable strategy honestly to just get |
00:01:17 | 00:01:19 | a feel |
00:01:17 | 00:01:21 | for like what people are toking about i |
00:01:19 | 00:01:22 | go on youtube and i see you know 14 |
00:01:21 | 00:01:24 | videos on my home page with like |
00:01:22 | 00:01:25 | thumbnails of safe moon and blah blah |
00:01:24 | 00:01:26 | blah |
00:01:25 | 00:01:28 | and if i think back on the previous |
00:01:26 | 00:01:30 | patterns that happened with dogecoin |
00:01:28 | 00:01:31 | before it exploded even though it was |
00:01:30 | 00:01:33 | already up multiple times over |
00:01:31 | 00:01:35 | same thing with bitcoin back in the day |
00:01:33 | 00:01:36 | like things you can usually just get a |
00:01:35 | 00:01:37 | good idea in terms of studying the |
00:01:36 | 00:01:39 | marketplace |
00:01:37 | 00:01:40 | i do the same thing inside of my |
00:01:39 | 00:01:42 | ecommerce companies and i sell tens of |
00:01:40 | 00:01:43 | millions of dollars in products online |
00:01:42 | 00:01:44 | every single year so |
00:01:43 | 00:01:45 | for those who follow me here on the |
00:01:44 | 00:01:47 | channel you know we mostly tok about |
00:01:45 | 00:01:48 | ecommerce and real estate and i just |
00:01:47 | 00:01:50 | want to make it very clear |
00:01:48 | 00:01:51 | this video is not me trying to hype any |
00:01:50 | 00:01:52 | coin because ultimately i don't really |
00:01:51 | 00:01:54 | care about the outcome of whatever |
00:01:52 | 00:01:56 | happens i'd love to make some money sure |
00:01:54 | 00:01:58 | but i'm sure to tok about my experience |
00:01:56 | 00:01:59 | and kind of the the fun side of things |
00:01:58 | 00:02:00 | which for me is buying things like |
00:01:59 | 00:02:02 | crypto i do own stoks |
00:02:00 | 00:02:04 | i own a couple million bucks worth of |
00:02:02 | 00:02:09 | real estate as well so this is just my |
00:02:04 | 00:02:12 | overall opinion on this |
00:02:13 | 00:02:17 | so about a week ago i took a couple |
00:02:16 | 00:02:18 | thousand dollars that i decided hey you |
00:02:17 | 00:02:20 | know what |
00:02:18 | 00:02:22 | let me just throw this into some crazy |
00:02:20 | 00:02:24 | super volatile crypto not bitcoin not |
00:02:22 | 00:02:26 | ethereum i think both of those are very |
00:02:24 | 00:02:26 | stable and they could be great long-term |
00:02:26 | 00:02:28 | purchases |
00:02:26 | 00:02:29 | i hold a very small bit of crypto in |
00:02:28 | 00:02:30 | terms of long-term |
00:02:29 | 00:02:33 | purpose like with a little bit of |
00:02:30 | 00:02:34 | bitcoin but anything else for me it's |
00:02:33 | 00:02:35 | more so just gambling so i want to say |
00:02:34 | 00:02:37 | that here |
00:02:35 | 00:02:38 | this is not like my investment strategy |
00:02:37 | 00:02:40 | or retirement strategy |
00:02:38 | 00:02:42 | this for me is just very very risky it's |
00:02:40 | 00:02:44 | high risk with high potential reward |
00:02:42 | 00:02:47 | and i saw people i mean some guy |
00:02:44 | 00:02:48 | literally went from nothing to having a |
00:02:47 | 00:02:49 | million dollars i'm sure there's crazier |
00:02:48 | 00:02:51 | stories |
00:02:49 | 00:02:52 | just by buying dogecoin which is just |
00:02:51 | 00:02:55 | nuts so |
00:02:52 | 00:02:56 | this is my uh my wallet here from an app |
00:02:55 | 00:02:59 | that's called |
00:02:56 | 00:03:00 | trust wallet only 2 300 bucks this is |
00:02:59 | 00:03:03 | where i own |
00:03:00 | 00:03:04 | basically 99 of this is safe moon and |
00:03:03 | 00:03:06 | i've notiked |
00:03:04 | 00:03:07 | pretty much there's so much hype around |
00:03:06 | 00:03:09 | the word moon and it's really funny to |
00:03:07 | 00:03:11 | see elon musk is definitely a huge |
00:03:09 | 00:03:12 | proponent of this and again i'm not some |
00:03:11 | 00:03:14 | big crypto expert |
00:03:12 | 00:03:15 | but i figured it'd be best to buy one |
00:03:14 | 00:03:18 | that has the word moon in there |
00:03:15 | 00:03:20 | also if you look at the search results |
00:03:18 | 00:03:20 | based on the most searched cryptos right |
00:03:20 | 00:03:22 | now |
00:03:20 | 00:03:24 | it's actually crazy safe moon is one of |
00:03:22 | 00:03:26 | those top search results it's been the |
00:03:24 | 00:03:28 | top search result for the past week |
00:03:26 | 00:03:29 | and it's pretty nuts to see that while |
00:03:28 | 00:03:30 | the volume on it has actually been |
00:03:29 | 00:03:32 | decreasing |
00:03:30 | 00:03:34 | now unlike dogecoin which i will show |
00:03:32 | 00:03:35 | you my dogecoin holding here at the end |
00:03:34 | 00:03:37 | of this video |
00:03:35 | 00:03:39 | with safe moon it's really funny because |
00:03:37 | 00:03:41 | there actually is something behind it |
00:03:39 | 00:03:42 | there's a little bit of tiknology |
00:03:41 | 00:03:44 | you could argue its purpose and its |
00:03:42 | 00:03:46 | longevity in the marketplace |
00:03:44 | 00:03:47 | but safe moon is unique from one simple |
00:03:46 | 00:03:48 | thing if you're not familiar with safe |
00:03:47 | 00:03:50 | moon |
00:03:48 | 00:03:53 | they reward people who hold the coin |
00:03:50 | 00:03:55 | long term i'm not leaving |
00:03:53 | 00:03:56 | and this is just bananas anyone who |
00:03:55 | 00:04:00 | sells the coin |
00:03:56 | 00:04:02 | you're gonna incur a 10 fee |
00:04:00 | 00:04:03 | now here's the interesting thing five |
00:04:02 | 00:04:04 | percent of that |
00:04:03 | 00:04:06 | goes to the platform so first of all |
00:04:04 | 00:04:08 | whoever is like transacting all this and |
00:04:06 | 00:04:08 | owns it that's bananas they're making so |
00:04:08 | 00:04:11 | much money |
00:04:08 | 00:04:12 | the other five percent apparently gets |
00:04:11 | 00:04:15 | redistributed |
00:04:12 | 00:04:16 | back to people who hold the coin so i've |
00:04:15 | 00:04:18 | actually notiked over the last week |
00:04:16 | 00:04:22 | my total amount of safe moon which by |
00:04:18 | 00:04:24 | the way is 337 million it was only 336 |
00:04:22 | 00:04:26 | million 337 million coins |
00:04:24 | 00:04:29 | i've gotten a million extra coins which |
00:04:26 | 00:04:31 | is whatever a couple dollars maybe |
00:04:29 | 00:04:32 | but that's been redistributed back to me |
00:04:31 | 00:04:34 | just for holding the coin |
00:04:32 | 00:04:35 | so it's pretty interesting to see that |
00:04:34 | 00:04:36 | extra million coins if it goes to a |
00:04:35 | 00:04:38 | dollar a coin |
00:04:36 | 00:04:39 | i mean obviously it probably won't but i |
00:04:38 | 00:04:41 | mean that's a million dollars so it's |
00:04:39 | 00:04:42 | pretty crazy to see that perspective now |
00:04:41 | 00:04:44 | i bought |
00:04:42 | 00:04:45 | in at this coin when it was it and keep |
00:04:44 | 00:04:47 | with me here i'm going to put it up on |
00:04:45 | 00:04:47 | the screen |
00:04:49 | 00:04:52 | .00052 |
00:04:50 | 00:04:54 | i think is what it was five zeros and |
00:04:52 | 00:04:55 | then the digits start |
00:04:54 | 00:04:56 | now at one point it got up to where it |
00:04:55 | 00:04:57 | was just four zeros and then the digits |
00:04:56 | 00:05:00 | start |
00:04:57 | 00:05:01 | so it's been very volatile very much so |
00:05:00 | 00:05:05 | right now as i record this |
00:05:01 | 00:05:06 | it is five zeros six seven four five one |
00:05:05 | 00:05:08 | which is up a good amount you know and |
00:05:06 | 00:05:10 | so if you actually look at this |
00:05:08 | 00:05:11 | what what's a little bit crazy is the |
00:05:10 | 00:05:13 | buying process |
00:05:11 | 00:05:15 | again i'm not huge in the markets in |
00:05:13 | 00:05:17 | terms of like stoks even but crypto |
00:05:15 | 00:05:19 | and it was very confusing for me to |
00:05:17 | 00:05:22 | research this how to even buy this coin |
00:05:19 | 00:05:22 | i had to download something called trust |
00:05:22 | 00:05:24 | wallet |
00:05:22 | 00:05:26 | you couldn't transfer money in from a |
00:05:24 | 00:05:27 | bank i had to use a visa card an old |
00:05:26 | 00:05:28 | visa that i have because they don't use |
00:05:27 | 00:05:29 | american express |
00:05:28 | 00:05:31 | you have to use a visa card they |
00:05:29 | 00:05:34 | basically charge the card |
00:05:31 | 00:05:35 | which then allows you to put the money |
00:05:34 | 00:05:38 | into your trust wallet |
00:05:35 | 00:05:39 | you have to buy bnb swap it for smart b |
00:05:38 | 00:05:41 | and b is what they call it |
00:05:39 | 00:05:43 | and then you can exchange that or |
00:05:41 | 00:05:45 | whatever by safe mode |
00:05:43 | 00:05:47 | now here's what blows my mind and it |
00:05:45 | 00:05:49 | kind of makes me scared for this coin |
00:05:47 | 00:05:50 | this is a big warning for anyone |
00:05:49 | 00:05:52 | considering buying safe moon whenever |
00:05:50 | 00:05:55 | you buy the coin |
00:05:52 | 00:05:57 | it's very much so at a market price |
00:05:55 | 00:05:58 | which is super volatile now there's |
00:05:57 | 00:06:00 | something called slippage |
00:05:58 | 00:06:02 | you basically have to set a ten percent |
00:06:00 | 00:06:03 | slippage which means for every thousand |
00:06:02 | 00:06:05 | dollars you're buying worth |
00:06:03 | 00:06:07 | you're setting ten percent which is a |
00:06:05 | 00:06:07 | hundred dollars up or down worth of |
00:06:07 | 00:06:10 | slippage |
00:06:07 | 00:06:11 | so if that price goes down or goes up |
00:06:10 | 00:06:12 | it'll still buy |
00:06:11 | 00:06:14 | because it's that volatile with its |
00:06:12 | 00:06:16 | inner day trading and so |
00:06:14 | 00:06:18 | i ultimately went to execute a two |
00:06:16 | 00:06:20 | thousand dollar order |
00:06:18 | 00:06:22 | a two thousand dollar trade was executed |
00:06:20 | 00:06:23 | i only ended up and i'd set a high |
00:06:22 | 00:06:24 | slippage because some of the videos that |
00:06:23 | 00:06:25 | i watched said that that's a good way to |
00:06:24 | 00:06:27 | get it quick |
00:06:25 | 00:06:28 | i ended up with only sixteen hundred and |
00:06:27 | 00:06:30 | thirty dollars |
00:06:28 | 00:06:32 | worth at the time of that execution |
00:06:30 | 00:06:36 | which means i lost |
00:06:32 | 00:06:37 | over 15 of my entire amount just trying |
00:06:36 | 00:06:38 | to buy the coin |
00:06:37 | 00:06:40 | and now that makes me a little nervous |
00:06:38 | 00:06:42 | on an exit perspective because let's say |
00:06:40 | 00:06:43 | the position grows just as a crazy |
00:06:42 | 00:06:45 | arbitrary number |
00:06:43 | 00:06:46 | a hundred thousand dollars well you go |
00:06:45 | 00:06:48 | to sell it you get your 10 |
00:06:46 | 00:06:50 | penalty but what about the slippage |
00:06:48 | 00:06:52 | let's say it's another 10 15 000 |
00:06:50 | 00:06:54 | you really have to have a crazy gain in |
00:06:52 | 00:06:55 | perspective to anything else to make |
00:06:54 | 00:06:57 | sense |
00:06:55 | 00:06:59 | of ever owning a safe moon so my |
00:06:57 | 00:07:00 | strategy here is not to double the money |
00:06:59 | 00:07:01 | or whatever it's just a long-term hold |
00:07:00 | 00:07:03 | because |
00:07:01 | 00:07:04 | if it happens to go to one penny i mean |
00:07:03 | 00:07:06 | it is just so |
00:07:04 | 00:07:07 | exponential you know your thousand |
00:07:06 | 00:07:09 | dollars turns into a million and this is |
00:07:07 | 00:07:12 | not investment advice i always say |
00:07:09 | 00:07:14 | do not ever invest anything that is more |
00:07:12 | 00:07:16 | than you're comfortable losing because |
00:07:14 | 00:07:17 | here's my philosophy of high risk stuff |
00:07:16 | 00:07:18 | specifically |
00:07:17 | 00:07:20 | whatever you're investing should be the |
00:07:18 | 00:07:20 | equivalent to whatever you would bet on |
00:07:20 | 00:07:22 | a |
00:07:20 | 00:07:23 | some stupid game with your friends |
00:07:22 | 00:07:25 | whatever you'd bring to the casino |
00:07:23 | 00:07:26 | something that would not affect your |
00:07:25 | 00:07:30 | ability to eat |
00:07:26 | 00:07:31 | pay rent nothing now i'm willing |
00:07:30 | 00:07:33 | to go more aggressive with things that |
00:07:31 | 00:07:34 | are super safe and for me that's my real |
00:07:33 | 00:07:36 | estate or my long-term investment |
00:07:34 | 00:07:37 | portfolios that's completely different |
00:07:36 | 00:07:39 | but |
00:07:37 | 00:07:41 | cryptokurrency just be careful be |
00:07:39 | 00:07:41 | logical do your research study the |
00:07:41 | 00:07:43 | marketplace |
00:07:41 | 00:07:44 | i'm not looking at safe moon from a |
00:07:43 | 00:07:46 | tiknical company analysis |
00:07:44 | 00:07:47 | i'm purely just going to watch what |
00:07:46 | 00:07:49 | happens with the hype and i don't |
00:07:47 | 00:07:51 | believe that that's a bad investment |
00:07:49 | 00:07:52 | strategy with a super super small |
00:07:51 | 00:07:54 | percent of your money so |
00:07:52 | 00:07:55 | maybe it's something fun to look into i |
00:07:54 | 00:07:56 | just wanted to jump on here and tok a |
00:07:55 | 00:07:58 | little bit about it and start a |
00:07:56 | 00:07:59 | conversation i want to tok a little bit |
00:07:58 | 00:08:00 | more about crypto |
00:07:59 | 00:08:02 | again for every single like on this |
00:08:00 | 00:08:05 | video i'm gonna be buying a dollar |
00:08:02 | 00:08:07 | of safe moons specifically now that |
00:08:05 | 00:08:09 | slippage and what happens when i buy it |
00:08:07 | 00:08:10 | it might become worth less but i will do |
00:08:09 | 00:08:11 | some updates |
00:08:10 | 00:08:13 | i'm doing a bunch of research on more |
00:08:11 | 00:08:14 | altcoins i'm buying different stuff i |
00:08:13 | 00:08:15 | own a little bit of b b |
00:08:14 | 00:08:17 | a little bit of aetherium a little bit |
00:08:15 | 00:08:19 | of bitcoin nothing too crazy |
00:08:17 | 00:08:21 | okay but i'm definitely gonna build out |
00:08:19 | 00:08:21 | that portfolio i'm really curious to see |
00:08:21 | 00:08:23 | what happens |
00:08:21 | 00:08:24 | because as the fed continues to print |
00:08:23 | 00:08:26 | more dollars |
00:08:24 | 00:08:28 | trillions of dollars you know over 25 |
00:08:26 | 00:08:29 | percent of the u.s currency's |
00:08:28 | 00:08:30 | circulation has been printed in the last |
00:08:29 | 00:08:33 | 12 months alone |
00:08:30 | 00:08:34 | it really affects inflation the rates |
00:08:33 | 00:08:36 | can't really go up from the fed because |
00:08:34 | 00:08:37 | then the government itself can't afford |
00:08:36 | 00:08:39 | to service the debt |
00:08:37 | 00:08:41 | the actual fiat currency of the us |
00:08:39 | 00:08:42 | dollar is not very strong and it's |
00:08:41 | 00:08:44 | something that |
00:08:42 | 00:08:46 | in theory and in history has always gone |
00:08:44 | 00:08:48 | to zero any fiat currency has always |
00:08:46 | 00:08:48 | gone to zero so i don't think it'll last |
00:08:48 | 00:08:50 | forever |
00:08:48 | 00:08:52 | is crypto a good hedge for that i don't |
00:08:50 | 00:08:53 | know i buy real estate because it's a |
00:08:52 | 00:08:55 | great hedge against inflation and it |
00:08:53 | 00:08:55 | produces cash flow and it's very very |
00:08:55 | 00:08:58 | secure |
00:08:55 | 00:09:00 | in my opinion but crypto can be another |
00:08:58 | 00:09:01 | completely decentralized option |
00:09:00 | 00:09:02 | because you're not just toking about |
00:09:01 | 00:09:04 | bitcoin something like this where you |
00:09:02 | 00:09:05 | have to go like four steps deep to even |
00:09:04 | 00:09:07 | get it |
00:09:05 | 00:09:08 | it's completely decentralized |
00:09:07 | 00:09:11 | tiknically no value |
00:09:08 | 00:09:11 | to the us dollar your safe moon is worth |
00:09:11 | 00:09:13 | b and b |
00:09:11 | 00:09:15 | and then the price of b b changes in |
00:09:13 | 00:09:16 | proportion to the us dollar so by the |
00:09:15 | 00:09:17 | time you actually sell the safe moon |
00:09:16 | 00:09:19 | what you could |
00:09:17 | 00:09:21 | sell the b b for exchange for bitcoin |
00:09:19 | 00:09:22 | send that to your other wallet and then |
00:09:21 | 00:09:23 | exchange it for usd |
00:09:22 | 00:09:26 | so much could happen just in the |
00:09:23 | 00:09:28 | transaction period so it's a crazy world |
00:09:26 | 00:09:29 | let's start a conversation and we're |
00:09:28 | 00:09:30 | definitely going to tok a little bit |
00:09:29 | 00:09:31 | more about cryptokurrency on this |
00:09:30 | 00:09:33 | channel |
00:09:31 | 00:09:34 | we tok all things finance a lot of real |
00:09:33 | 00:09:36 | estate a lot of fun stuff just |
00:09:34 | 00:09:38 | documenting the journey i'm a young 21 |
00:09:36 | 00:09:40 | year old person who just enjoys finance |
00:09:38 | 00:09:41 | i enjoy money i enjoy toking about |
00:09:40 | 00:09:42 | different things investing |
00:09:41 | 00:09:44 | i love real estate i love e-commerce and |
00:09:42 | 00:09:45 | i love dabbling with different things |
00:09:44 | 00:09:47 | because finance |
00:09:45 | 00:09:48 | interests me so super interesting again |
00:09:47 | 00:09:50 | i always want to make it clear |
00:09:48 | 00:09:51 | i make a very very healthy amount of |
00:09:50 | 00:09:53 | money for my company so |
00:09:51 | 00:09:54 | anything i put into crypto i just want |
00:09:53 | 00:09:55 | to make it clear i'm not risking this |
00:09:54 | 00:09:58 | this is not like |
00:09:55 | 00:10:00 | a huge percentage of something for me it |
00:09:58 | 00:10:02 | doesn't impact me and i really urge |
00:10:00 | 00:10:04 | anyone buying something as high risk |
00:10:02 | 00:10:05 | crazy and especially decentralized where |
00:10:04 | 00:10:06 | in theory |
00:10:05 | 00:10:08 | safe moon the owners of it could just |
00:10:06 | 00:10:08 | pull the rug out because they own more |
00:10:08 | 00:10:10 | than half of it |
00:10:08 | 00:10:12 | there's that argument and debate as well |
00:10:10 | 00:10:13 | i always just urge you to please be |
00:10:12 | 00:10:15 | careful |
00:10:13 | 00:10:16 | do your research and just make sure you |
00:10:15 | 00:10:18 | have a sound plan |
00:10:16 | 00:10:20 | and understand the risks going in all |
00:10:18 | 00:10:21 | right hope you enjoyed this video make |
00:10:20 | 00:10:22 | sure to drop a quick like down below |
00:10:21 | 00:10:24 | let's start a conversation ask any |
00:10:22 | 00:10:25 | questions and fire it away in the |
00:10:24 | 00:10:26 | comments section |
00:10:25 | 00:10:33 | and with that being said i'll see you in |
00:10:26 | 00:10:33 | the next video peace |
00:10:36 | 00:10:38 | you |