Topic: [ANN][ICO] savedroid - BITCOIN SAVING MADE EASY! - page 14. (Read 55443 times)

Hello guys! 👋

Last week on Thursday we participated in the AI Meetup at the Die Zentral!

Over 80 people attended, from families to students to AI professionals to hear our esteemed Prof. Dr Danko Nikolic, Dr Gautam Paramanik and two other speakers, Uma Mudigonda, Vice President - Arago GmbH and Matthias Biniok, Lead Watson Architect DACH - IBM into Space! talk about different aspects of the AI and future of the AI! 🤖🤖🤖

After the talks were over we had food for everybody on deck, cause a hungry mind requires good nutrients! 🌮🍔

The meetup was a blast, and the next one will be even more so! 🤩🤩

Stay tuned for new upcoming events, progress and fun stuff! 😉

If you are curious , how your brain knows that this picture can represent a car, read the article written by our CDO - Danko Nikolic -> https://sapienlabs.co/grandmothers-perception/

bullshit.

SVD has like 1000 USD global trading volume.
i could pump this coin up 20% with my lunch money.

there is no TA for no volume shitcoins.

Good evening Guys!

“Today I belong to the fraction “HODLer”. I gained the experience in trading of “Lowtoshis”, picking promising Token\Coins with “use cases” on exchange markets, and finding & possessing “microcaps”. Of course I do fail sometimes, but at the end of the day it makes me a smarter and stronger player on the market.”

If you are interested to whom those words belong, click on the link below, read our new post and find out!

https://medium.com/@ico_8796/meet-cryptobas-our-new-community-manager-a7768841b85e

Regarding Crypto-markets in general:

That are normal fluctuations, also 10% or even 30% swings are not necessarily meaningful. More meaningful and more important than price in a situation like this (bear-market and maybe/hopefully bottom-building) is volume and liquidity. A change will be signaled through volume kicking in.

In Crypto that would probably happen this way:

First more Volume in BTC and ETH and a hard move. If that move would be u it would signal more money coming in and the rest of the market would be affected pretty much the same way and probably pretty fast.

Risk in such a situation would be: Projects that would not participate are at risk because once Investors of a project see a clear change in the market, a lot of green nearly everywhere plus higher volume plus better liquidity, they want to participate and become increasingly impatient if their asset doesn't react similar.

I'm not saying that because I believe that SVD would be that way. It's just a probability in all Cryptos that are not that known.

________________

Edit: Helpful to understand the current situation and when it's about to change can be this:
 https://data.bitcoinity.org/markets/price_volume/2y/USD?r=month&t=lb&vu=curr

Bitcoin-Volume on "monthly" or "weekly" to have a clear picture. It's obviously decreasing since some time but I believe that very soon volume will kick in and we'll see a hard price move. Question is just in which direction. I personally tend to believe that it will be up because I expect Bakkt to get approval but that's not a safe bet. It could be down and a down-move with volume would signal what is called "capitulation" and that would be the final step before a longer period of bottom-building. In such a case it would need more patience until the next bull run most likely.

see some altcoins showing bullish signs, such as WPR, Eidoo and SVD.
Today the SVD experienced a 3% increase at 0.0007 $, good for the start

We always give time because it's a start up project and we understand it will not pump up right away.
Given the market condition, no ICO would easy succeed unless they have outstanding achievement but we cannot get away with the whales manipulation.

Great news! Many of you were concerned about our progress and complained that we do not deliver any news about our app. So we gladly announce the release of our closed beta being now on iOS. 🎉🎉🎊🎊

More progress news will start to pop up more and more on all our social media platforms as to the request of the community.

Stay tuned for more! 😉😉

We understand the frustration that post might add to already the trust problem that the community has with us.

As said above, we want to show our positive attitude to the community, and that we are not in any kind of way the bad guys, and I do understand that we have a lot to prove.

Give us time to deliver on what we promised, and I promise you, that progress will come! Hopefully sooner than you think.

Have a nice day!

No, I don't believe that. I don't think they're scammer in a way that they are total frauds who don't want to deliver. What I believe of how they are and what happened is this - but it's just my personal theory of course:

When they started the ICO they had near to zero experience in this space and their company wasn't in the best shape. There are some signs that they underestimated Crypto when it's about quality, that most or even all wallets are too complicated, that there are no easy-to-use-solutions and so on. And I believe that they have thought pretty arrogant about Crypto in general, because of the crazy hypes and so many people buying into everything - including a lot of shit. I believe that they really believed they could do a better job than most others. There is no lack of confidence in this team but people tend to be over-self-confident if they have a lack of experience and are not able to see the bigger picture, including all potential problems and so on. Many teams are like that and have to learn the hard way that it's not that easy.

Something that is obvious and so it's not necessary to guess about that: They have no sense for the social aspects in Crypto. What I mean is what could be called empathy - the ability to put oneself into the other and maybe contrary perspective. That is already visible in the way they've promoted their ICO. The way how they've done that, all the simple hype-headlines and promises, attracted a certain kind of Investors, also unexperienced ppl. I don't mean that critical since everybody was without experience at a time. But that leads into new problems, especially if you fuck with them like they did and the most obvious was the PR-Stunt of course. The community is totally divided since then and became a hostile environment. Savedroid on the other side doesn't know how to handle that. They try pretty much everything to show respect but in my impression it's pretended like everything else. They always prefer the big show and what they believe to be good marketing over fundamental work and maybe they are not even aware that they are not even good on the marketing/PR-side.

Just take this pictures of them bowling as example. It's not a big thing. It's not about the question if they are allowed to have a good time or not. Of course it's okay if they spend their free time bowling. But they wanted to show what a cool and relaxed team they are, real friends. And they have to push things like that out while their Investors look at a near All-time-low and hope for some news that would push the price up or even on them delivering on their promise to get the token on the top5 exchange etc. The Savedroid-guys are a one-trick-pony that repeatedly misses the point and doesn't even understand why.

agree with your view👍👍
As long as there is no real improvement in this project, do not expect any growth in trading volume or token prices. there are only fake tricks to manipulate facts.
as investors who have felt a very big loss from this project will start selling their tokens in other words willing to accept the investment mistakes that have been made and glance at other projects with far more brilliant future

what is happening now is a fact that cannot be denied that there are no new investors who are interested in investing in this company, which of course due to their own actions that do not want to correct mistakes in the past, underestimate the community of investors who have buy their tokens along ico.
Reporting unimportant things through their own social media.
Responding casually to critics accompanied by ridiculous gifs that should be inappropriate for a company that claims to be a world class developer with many smart people and stunning academic titles (professors, PhDs) who work in this company (they claim there are more than 5 people have PhD title)
And not only in telegram, they like to block critics, twitter and Facebook, they also start doing to silence critics or answers they don't like.
The question is whether this is intentionally done so that many people hate and then forget them so that later they can easily close the project as quickly as possible and leave it, so they can immediately open another project or behind another project.

Who knows🤐

Ah, okay. That seems to be it - just compared the competition-announcement with the volume and it perfectly fits.

But anyway, my point was not that much about how exactly the volume was generated, if by wash-trading-bots or whatever, but that it wasn't natural daily volume as a result of real interest.

If we look at the SVD-markets there are several problems in my opinion:

1) Volume is low obivously
2) Price is about 94% below ICO-price or with other words: It would need x16 just to reach ICO-level again
3) I don't believe that Savedroid will get to that level out of own strength again

What would most likely help the price? A bull run like 2017. And I'm very optimistic that we'll see something like that again, but I doubt it will be in the next months.

Out of perspective of those who are invested (I'm not) and when a price has gone down hard, there are usually two ways while second often follows first:

1) First People often refuse to sell at a huge loss because that would realize it (it's a psychological barrier)
2) Some (and over time often a growing number of people) realize the loss to take other opportunities

All goes down to the simple question if Investors believe to have more chances to make it back by holding SVD, or selling it to put the money in something else. That in combination with 1) time, 2) increase of circulating supply over time, 3) watching other projects going up is likely to keep the price under pressure.

Good opinion👍
 Ask permission to share it

Thank you

I think because trading competition conducted by Cobinhood occurs 2 x 10 (days).
Winners ranked 1-10 get svd token with a total of 288k tokens every day and that means the svd shares total of 5,760,000 free tokens.
And what happens at Cobinhood the traders sell and buy at the same price as the number of trading volumes up to billions of tokens every day, and there are no fees so they can do that without experiencing any losses at all and with one goal to be a winner in that competition.
I knew that because I was one of those who took part in the competition ... and became winner eventhough I was never able to reach ranks 1 through 3.

In my opinion trading competition using cobinhood that has no fee is to raise the volume of trade every day was good idea, because if you use hitbtc, the trading volume will not match the volume that has occurred in cobinhood, but it seems that there has been a strategic error that the SVD team might expect because trading volume in cobinhood has never been recorded in cmc, and that does not raise the ranking or prestige of savedroid

Since Cobinhood gave up their wash-trading attempts, this is the real SVD-trading-volume on there:









This was in September:

Just saw this tweet:

https://twitter.com/savedroidAG/status/1055850193411891202

They'll never learn it - check out the comments...

The total supply is nearly 7bn token, multiplied with $0.0007 the total value is at about $4.5 M.

True value is all about context and this is still an App and the token is not really necessary. But much more important: Savedroid needs licenses and Users of course. Both is hard to achieve with a history like they have. They often refer to criticism as FUD but their own projects and Investors suffer because they've started a huge FUD-campaign (Scam-PR-Stunt) first to break promises right after (Top5-exchange etc.).

Then there are other aspects:

1) If the idea/usecase of saving money into Crypto with a gamification approach (whenever trump tweets....) would have so much potential, guess who could develop something like that easily and probably much better besides an already running business: Exchanges. Simply because they already have the infrastructure in place.

2) It's already not that easy to trust a company that it securely manages Customer-funds without being hacked on day. I personally never leave anything for a longer time on exchanges for example. But if I would have to make a choice if I trust Binance or Bittrex or Coinbase - or Savedroid... I would never trust Savedroid to have high competence when it's about security.

3) When it's about the market situation: There are thousands of projects out there. Many are bad or even Scams but also many are quiet good, with skilled and professional teams. Many of the good ones are not able yet to make it on one of the top exchanges. But who will be picked first when it's about better listings? Projects with a clean history or Savedroid with it's Scam-Brand?


To make it short: This is not undervalued but in my opinion it's the opposite. Not only because of the Image but also because of it's fundamentals.


And just btw: There are so many really good projects out there that have done a much smaller ICO. The big winner of the past days on IDEX for example is Quant - a team of high level Cryptosecurity experts who have worked for governments and in Finance. They're building really unique Blockchain-infrastructure. They have raised about $11M. Coinlion - they are building a whole exchange and have raised about $7 M if I recall it correctly. Senno: Also an AI-project about sentiment analysis. They've raise only about $3M and even dropped in price after the ICO.


Savedroid raised about $50M for an App-project. That's ridiculous... What I don't get if I think about this and exclude the PR-Stunt and all the controversy is simply:

Why has nobody ever questioned how much the company is worth and why the token-economy should be valued much higher than the whole company? I don't know how much Savedroid as company is worth but I would think that it's not $10 M, maybe not even $5 M. They have not been successful before raising tons of money in Crypto but the opposite. So why would the total supply of the token be worth more?

Just to quote myself from the video "have been invited" means we did not pay for the trip.

we hope that Savedroid pumps their coins on the exchange in the next few months when the bullish moment arrives, the current price is cheap, which is 0.0007 $,
this is an opportunity to buy