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Topic: [ANN][ICO] savedroid - BITCOIN SAVING MADE EASY! - page 32. (Read 55435 times)

member
Activity: 290
Merit: 28
bitcoin is not a bubble, it is the pin


I see this rather a long term invest and do not plan to sell when this finally hits the exchanges. Right now the climate for ICO's is toxic and unless the SEC decides in favor of the recent filing regarding ETFs this might continue for much longer. Considering who filed this request this time I see however a realistic chance that the SEC approves it this time. Indeed there are many other opportunities, less ICOs but coins you can buy for large discounts.  

It may be possible, chances are better at least as in 2017. But I'm still sceptical. Interesting read but unsure how reliable:
https://theicojournal.com/source-bitcoin-etf-nearly-certain-to-win-approval-later-this-year/



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Regarding the use case, I have not seen the app yet but from what I know so far it's sounds like a lot of people could benefit from it, however there were similar projects that combined Crypto Saving with AI like Daneel and they did not take off either, were trading far below ICO price last time I checked. But I see Savedroid superior compared to Daneel as they do not "borrow" their AI from IBM (Watson) and create something of their own.

I don't believe that AI will make much difference any time soon and I don't believe in the big AI-promises of small projects like Savedroid or Coinanalyst. What I believe in: Customers want an easy to use and safe entry into Crypto. That could be the fundamental brand of Savedroid. But that is highly about trust because as a user you will have to trust Savedroid with your money. And they have damaged the trust-topic very effectively. Second: The search for the perfect balance between easy to use and safe is not new. A lot of projects are working on that and in my opinion the future will be about applications and Desktop-Wallets that 1) give user control about their money and 2) are directly connected to decentralized exchanges to be cheap. That future is also not there yet, but it will come for sure.

Savedroid: Will not give users control about their money and it will be expensive. That's something I see as major problem, because I don't understand the concept of saving money while paying 15% for each action and not really owning the assets.

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The stunt did hurt the brand for sure, the explanation of the CEO afterwards made sense for me, but the large majority never watched that and indeed if you do some research you find mostly sites that report about the stunt at the time and never updated their reports, which is quite normal in the press as most online media is mainly interested in clicks and dramatic headlines. On the other hand people who would have never found out about this project now are aware of it. If you do a bit more research then you will also find out quickly that it was "just" a stunt or awareness campaign.

See... the explanation can make sense to people simply because there is a lot of fraud going on in this space and it's pretty much everywhere. But at the same time it's so trivial and superficial and presumptuous to do such a PR-stunt. In my opinion it goes down to two conclusions: Those who didn't follow the whole story still think Savedroid is a scam. Others find it stupid. To me there is one big conclusion: They think superficially, they focus on bold headlines while ignoring the context. But context is everything.

The paradox is: They wanted to educate others, implying they would have understood this space. But it's just a proof that they don't understand. They are egocentric newbies to Crypto. Also this legal threat because of the study underlines that. Is it wrong to rebut the claims of this study? Of course not. Is it wrong to consider legal actions? Not necessarily. Is it wrong to communicate it that way? Absolutely, because the reactions are predictable. They have put themselves in such a weak position because they themselves have caused the "scam-shitshow". And then they communicate such a threat in public.... it will be forgotten soon but to me it shows again: They make stupid decisions, have zero sense for smart communication and under the line everything is communication.

Or take the whole top5-communication and how the story changed over time or their attempt to hype the Coinanalyst-ICO. And a lot of what they communicate... they like to put others into "wrong" and themselves into "right". A simple example: It's very usual for Yassir to say that they are open for critical arguments but that they don't listen to those who are loud but to those who come up with arguments. Truth is: They are loud themselves and they ban people with critical arguments on their Telegram channels. Or: Yassir likes to talk about the moon prices of exchanges and that they don't want to play that game. Sounds reasonable. What he doesn't say is that they've liked the "Hype-ICO-Game" and still like it (Coinanalyst). And they have given their own token a moon-price.

In my opinion: Narcissistic Hypocrits.

I overlooked this answer, thanks for going into the raised points in so much depth. Very good analysis of the red flags of this project. I think there is a bit more on the upside though.

I think it's obvious Savedroid does or did not have proper advisors when making all these decisions that were hurting the brand more and more. I see this happening with many other projects too. The majority does not have the expertise or experience to actually build what's outlined in their white paper. And even if they are capable, they lack often the network within this space, making it very hard to find the right people or get listed at exchanges. This seems to have affected many projects this year too. As bad as past decisions were made I still believe they can turn the negative sentiment around by doing a sequence of very smart decisions.

The communication has already improved in my perception but that might be subjective. I share the concerns about the fees though, I hope they find a better model. This project can only be successful in the longterm if users see value.

newbie
Activity: 216
Merit: 0
After months finally it will be listed on 10th.

I wonder what will be the price. Because of the long waiting period it can start below ico price.

They promised list SVD to at last one of Top 5 exchange. And after half of year waiting they listing now to this small useless exchanges?

Yes,  Because they are scammer (Smart scammer).
hero member
Activity: 1610
Merit: 508
After months finally it will be listed on 10th.

I wonder what will be the price. Because of the long waiting period it can start below ico price.

They promised list SVD to at last one of Top 5 exchange. And after half of year waiting they listing now to this small useless exchanges?
legendary
Activity: 1960
Merit: 1128
Guys, I just read in the comments to the contract (in etherscan) that SVD was awarded fintech company in Germany.
I understand that anyone can write anything there, but just wondering how true this is. Has anyone heard of this? And where I can read more about this? Simply if it were true, the SVD team would already boast of this achievement.


It's true and not true at the same time. Payment and Banking awarded them in March 2018, probably because of their successful ICO (raised a lot of money). But the award was withdrawn right after their PR-Stunt, so actually it's not honest and justified to say "Savedroid is an award-winning AI-FinTech made in Germany".


https://twitter.com/paymentbanking/status/986901107854249984
https://paymentandbanking.com/aberkennung-des-preises-zum-fintech-des-jahres-fuer-savedroid/

That's in german but here is an english article that mentions it all:
https://cryptocurrencynews.com/icos/savedroid-scam-but-not-a-scam-pr-stunt-faces-the-consequences-of-a-terrible-idea/


Also other things in that article are misleading. They say:

"We provide easy access to cryptocurrencies for everyone — absolutely no crypto exchange signup, wallet setup, and private key handling required."


Truth is: Sure, one can say that it doesn't need exchange signup because Savedroid is no exchange, but user need it all for Savedroid as well. Savedroid is not Switcheo. It also requires registration and KYC etc.

Even more interesting is that no private key handling is required. Yes, exactly like on a centralized exchange if you decide to keep your money there. Problem is: As long as an Investor doesn't control his private keys he also really doesn't own the money. Like all exchanges Savedroid could get hacked and Users would lose their money.

What's better on Savedroid than on usual exchanges? It may be less complicated. But while users pay 0.x% fees on an exchange per trade, Savedroid wants 15% for each action, which means:

After a user bought into Crypto on Savedroid (15% Fees) he needs about 30% price increase to be able to sell (another 15%) and not to lose money. Not so sure how it can be smart to "save" money that way.


Also interesting is to say "We have created a utility token with a deflation mechanism as suggested by Vitalik Buterin."

Yes, they say that they'll burn a "certain percentage" of the fee. But as far as I know they've never said how much. Now everybody can calculate how many Users it will need, who make their savings-transactions on Savedroid and are willing to pay up to 15% for each action to generate that much volume that a percentage of that will reduce the SVD-supply enough to justify a marketcap of about $50 Million and a total value of significantly more.


Just btw: What do they actually mean with saying "savedroid democratizes crypto! — We’re not kidding"? If they are not kidding they should be able to explain how they democratize Crypto? They will hold the private keys of all of their Users and they are a centralized company. What has that to do with democratizing Crypto?

And especially their PR-Stunt and their unwillingness to really overtake responsibility other than saying "We are sorry" shows their tendency to dictatorship, because who can not even move the tokens so many months after buying into the ICO while who sits on the real money that is not at risk because of all of their silly actions? Who will suffer because of a dropping price because of their damaged reputation while Savedroid rejected all who wanted to get their money back?


But yeah, an "award winning" project "democratizes" Crypto... they must be kidding! ;-)

All what I see since I watch Savedroid is smoke and mirrors. Nearly everything what they say should be questioned because they tend to mislead.

hero member
Activity: 818
Merit: 508
Guys, I just read in the comments to the contract (in etherscan) that SVD was awarded fintech company in Germany.
I understand that anyone can write anything there, but just wondering how true this is. Has anyone heard of this? And where I can read more about this? Simply if it were true, the SVD team would already boast of this achievement.
full member
Activity: 862
Merit: 100
After months finally it will be listed on 10th.

I wonder what will be the price. Because of the long waiting period it can start below ico price.

I think price will be more lower than on ICO. Less than 8 days left, so we will see, what will be the situation around this project. I think it will be very hard for team to raise their reputation.

Now it is very hard perion for the price of the token and other cryptocurrency. Bitcoin falls down and other cryptocurrencies. People wait a lot for token listins and many of them will sell tokens.
member
Activity: 364
Merit: 11

I am very confident you will learn from your mistakes and will amazing comeback in future. Just waiting for open trading to buy more because so many people dump this and I am ready for this.
That is very smart of you, people might dump so you can buy cheap tokens.
But, if they list SVD in a lot of exchanges at the same time, that would help to increase its liquidity, it's a win-win for dumpers and buyers I guess.

What do you mean by a lot of exchanges? 4 exchanges already confirmed. But since the project delayed the listing, i can guarantee that the price would be 500% cheaper during the first 72 hours.

yes..but first the token must be unlocked   Grin and that won't be until august 10th. who doesn't sell these tokens quickly will have a lot of loss. there are too many airdrop and bounty people who will sell their tokens immediately
full member
Activity: 224
Merit: 100

I am very confident you will learn from your mistakes and will amazing comeback in future. Just waiting for open trading to buy more because so many people dump this and I am ready for this.
That is very smart of you, people might dump so you can buy cheap tokens.
But, if they list SVD in a lot of exchanges at the same time, that would help to increase its liquidity, it's a win-win for dumpers and buyers I guess.

What do you mean by a lot of exchanges? 4 exchanges already confirmed. But since the project delayed the listing, i can guarantee that the price would be 500% cheaper during the first 72 hours.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform

I am very confident you will learn from your mistakes and will amazing comeback in future. Just waiting for open trading to buy more because so many people dump this and I am ready for this.
That is very smart of you, people might dump so you can buy cheap tokens.
But, if they list SVD in a lot of exchanges at the same time, that would help to increase its liquidity, it's a win-win for dumpers and buyers I guess.
newbie
Activity: 77
Merit: 0
The medium article is just another example of buzz word bingo. Has anyone tested the beta?
full member
Activity: 1288
Merit: 102

I am very confident you will learn from your mistakes and will amazing comeback in future. Just waiting for open trading to buy more because so many people dump this and I am ready for this.
member
Activity: 294
Merit: 10
Founder & CTO at savedroid AG
member
Activity: 476
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🚀🚀 ATHERO.IO 🚀🚀
After months finally it will be listed on 10th.

I wonder what will be the price. Because of the long waiting period it can start below ico price.

I think price will be more lower than on ICO. Less than 8 days left, so we will see, what will be the situation around this project. I think it will be very hard for team to raise their reputation.
full member
Activity: 602
Merit: 101
Bcnex - The Ultimate Blockchain Trading Platform
After months finally it will be listed on 10th.

I wonder what will be the price. Because of the long waiting period it can start below ico price.
hero member
Activity: 818
Merit: 508
guys sell sell sell

I like to buy buy buy   Cheesy

Just prepare your balance at hitbtc, i will dump my 10 million svd after listed, no matter what price it will be
Just do it due, I am certain a lot f will buy when there are people will dump.
Normally when there is a huge dump in the first day of trade, it will just give the whales to buy cheap and they can also pump the token afterwards.
Easy money for them because they can manipulate hard.

This is true, but in the case of this token, the situation is slightly different. I did not think at all that they would come out for an exchange, I certainly will sell half of the tokens, and then I will look at the development of the situation.

Has anyone used the application from the SVD? Does it really deserve attention? I was stopped by the condition that for the application I must have an account in a German bank, but I do not have it.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
guys sell sell sell

I like to buy buy buy   Cheesy

Just prepare your balance at hitbtc, i will dump my 10 million svd after listed, no matter what price it will be
Just do it due, I am certain a lot f will buy when there are people will dump.
Normally when there is a huge dump in the first day of trade, it will just give the whales to buy cheap and they can also pump the token afterwards.
Easy money for them because they can manipulate hard.
newbie
Activity: 53
Merit: 0
guys sell sell sell

I like to buy buy buy   Cheesy

Just prepare your balance at hitbtc, i will dump my 10 million svd after listed, no matter what price it will be
newbie
Activity: 146
Merit: 0
guys sell sell sell

I like to buy buy buy   Cheesy
newbie
Activity: 84
Merit: 0
Nice to see the founder replying to questions here too shows communications are open now at least for me two things (critical things in investment decision) out of the way. A working product and an available founder. I feel it is a great path ahead.
newbie
Activity: 84
Merit: 0
It is great to see a track record at least I know now that your product actually works. Where is the product mostly active in?
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