Topic: [OFFICIAL] [SAFEX] Safe Exchange Coin [website www.safex.io] - page 60. (Read 191583 times)

Coin was dropping for way too long. Now we have some good news so lets get the Ball rolling again!

Why is the price so low? Is not there any scam coin?

Good time to buy back, that under 300 dip was confirmation of the bottom, now recovery time!

Hey,

You can download it at www.safex.io under "Download" section of our page. After that, just click and install ^^

Also, we will be releasing a video tutorial soon, so everything will be explained a bit more and detailed

so in this old wallet i hawe my coints on pending status for about already 7 hours now ,, if i will donwload new wallet what will happen with this ending transaction ? when i check my wallet adres status i get this thing ... --> 19kpXAGShRye7hngCuCA3ATp3SBRK4zdf2 Unable to decode output address ... it shows that transaction is not confirmed

Good morning Safex Team,

Good morning investors,

I have a serious proposition for the team... all you need to do is to follow-up and send me a message so we can make it happen

Two things:

1. I had a meeting this week-end with the owner of a very large and very successful bitcoin ATM network here in Canada. Link: http://bitnational.com

I believe it's the second largest bitcoin ATM network here.

He wants to make other cryptocurrencies available via his ATM's... Litecoin, Dash, Ripple, etc. How about putting SAFEX on his ATM network, for easy withdrawals and deposits via ATM? I will give you his contact information so you can have this conversation with him. If you follow-up and contact him the likeliness of your coin being on his ATM network is really high.

2. Second thing... it's not a secret anymore that KRAKEN, the exchange, is coming to Canada. How about SAFEX on KRAKEN? Here again, let me give you the contact information of a key person, so you can have this conversation and make it happen

Send me a message and let's get to work I'll be working in the background for you... I like this project and want it to succeed.

EDIT: connected with Daniel on Slack!

Finally, after weeks of wrong release date.

But now you still need to work on the project !

https://www.youtube.com/watch?v=pOmn4_jl4CA

Sweet, price will finally start rising now!

https://safe.exchange/t/safex-development-update-august-20-2017/1485

Greetings Everyone,

After great effort, the Safex Wallet is now released. After great effort, the Safex Wallet is now released. (An updated version will be out this week with usability improvements)

You can download it:

(this is not the updated version)
https://github.com/safex/safex_wallet/releases/tag/0.0.11

Or from the safex.io website.

You could see the amount of development we put into getting this wallet usable by the public.

https://github.com/safex/safex_wallet

We’ve already been receiving feedback from the community about some minor usability issues.

These are related to: importing unencrypted wallet files, unable to send when behind an antivirus, no indication that the application is loading balances or in progress of sending a transaction, and inability to copy and paste.


Once again, sincere apologies to everyone for the delay in getting this out. And to anyone who shared the news of an earlier release and was disappointed. Yet, we made it! Here is a video recapping the past 2 weeks and we get the chance to introduce @milan to the community who had started working with us in the middle of that deadline not before.

https://www.youtube.com/watch?v=7wCpvsrCFEQ

If it’s working for you, it’s probably working very well. This is my favorite wallet personally (Daniel).

Going into this week we have the following up on deck:

1. Add indicators to the Safex Wallet
2. Submit the application to the anti virus companies for clearance
3. Release version 0.0.2
4. Usage tutorial for the wallet
5. FAQ to the website
6. Additonal information about Safex <-> Chille to the website
7. Enable Safex vending from the Safex website

In the subsequent week we will be on the trail for Chille blockchain development. Over this past weekend we’ve opened the conversation and have begun to lay out the parameters for the Chille environment which is the first step in engaging the economic team. This team is crucial because it determines the model by which we deploy our coin and in which money supply enters and is consumed based on growth and time.

We are continuing to be very productive, and going forward on the path.

Huge thanks to the community for your support, patience, and feedback. It’s amazing to see this community growing strong and we look forward to continue supporting you with our work.

Sincerely,
Safex Developers

Considering all the projects that have been hung out to dry by juvenile devs this summer...
By creeps hiding behind avatars in sleazy slack ghettos...

This is a refreshing, mature response to run-of-the-mill software delays 

They cannot let the price fall below the levels they need to remain profitable. If the price falls too far below where they accumulated, it will cost them too much BTC to pump it back up to levels they can make their target profit percentage at, thus making them the biggest bagholders of all.

So the whale keeps the price supported, as well as keeping it from rising while they are still accumulating.

Yes that sounds about right regarding whale... but question is, when will this whale going to be pleased? 200 sat, 100 sat? 50 sat???

thats all fancy and stuff i dont care about that whale or anyone else for now i want to get my coins of that fck bugget wallet ....

There is at least 1 whale who is currently accumulating coin. He/she appears to be keeping the price steady, and will not allow it to fall or rise too far above or below its current price point. (if the price drops too low, the whale risks losing money on what they have  already accumulated).

When there is not enough natural buy volume to overcome the whale's price-maintaining sell-offs, it is very easy for someone with enough SAFEX and BTC to do.

Example: Set up a big sell wall (or series of sell orders totaling up to a sell wall), keep it loaded with coins from a very large stash, and watch the other people who are trying to sell higher than you get tired of waiting and sell under you instead out of impatience.

When they sell, they will be selling in to the whales waiting buy orders.

Then they (the whale) reloads the buy orders and waits some more. Rinse and repeat.

Do this for a few weeks and you will have collected most of the coins dumped by weak hands. Holders will not be selling, so the sells will slow way down. When sell volume runs out, the whale knows it is time to pump the price, and get richer.

They will usually stagger their sell orders up the sell chain. Many whales get lazy and set orders at recognizable regular repeating patterns, (this can also be used to signal partners where to set sell orders) tipping a keen eye off that a pump is coming. Others try to hide it by spreading them randomly and thinly, so the price can climb much easier, and it looks more like a "whale-free, free-climb".

Some whales like to set big sell walls every so often up the chain to test buy volume. If the buy volume has trouble taking down a wall, or just cant get through it, the whale knows the climb has reached its peak, and it is time to dump in to whatever buy orders there are, down to the price point the whale is comfortable dumping to.

Also, when a whale is going to accumulate and pump, they will usually get some pump-for-sale Youtuber to partner with and pump the coin. So when you see a obvious pump-and-dump Youtuber hyping a coin, you know the accumulation phase is complete, and they are ready for the pump.

This only works if the Youtuber has a good number of followers (a few thousand at least for a good sized pump). If you see the video AS IT COMES OUT, that is actually a good signal to buy for a quick short. If you see it 10-30 minutes after it comes out, you could easily be too late, and be at risk for buying high and holding a bag or two.

And that's the problem, and why pump and dumps are generally bad for a coins reputation. The problem is, once the pump has ended and the dump begins, there are a bunch of bag holders who tried to ride the pump too late and bought high. So now there are a bunch of unhappy people who did zero research on the coin they just bought, and blindly jumped in for quick profit, who flood the boards and chatrooms with "WHAT HAPPEN TO PRIIIICE???! WHEN POLO?? WHEN WALLET??? WHEN ANYTHING MAKE PRICE BIG AGAIN? THIS SCAM COIN!! THIS SHITCOIN POOP!"

You get enough of that FUD, and it can alter the price of the coin, and make it an easy target for MORE pump and dumpers.

This cycle can, and likely will, continue until something takes place to create real buy or sell volume outside of the bounds of the whales control. Usually this is either very big positive or negative news that reaches large demographics/big money players/buyers/holders. Once the FOMO takes place, all bets are off, and even the whales are riding the waves.

So in short, right now is a good time to buy, because the price will likely not go lower before it goes higher, and it *will* go higher, because it will be artificially pumped by the whale that is accumulating in the future. However, if you do buy, you will either need to set your sell orders ahead of time and hope the pump reaches it before it gets dumped, or be very, very vigilant, because the pump could come at near-any time, and it is usually over rather quickly.

Luckily, there is usually a period where the price goes down a ways after the dump, but not all the way down to where it was before the pump. If you miss the highest price point, you can still sell here for a profit. If you think the coin has long term potential, you can hope the price goes down further after you sell all or a portion of your coins, as you wait for whales to force it down to their buy point and start the whole process over again, thus giving you an opportunity to buy back in and own more coins than you did before. This is called, "following the whales" or "swimming with the big fish". You can do very well by doing this, but you can also end up holding bags you don't want to hold, if you are not very careful. Sometimes you need to cash out after a 10% gain or less, because its just too risky to keep holding (the buy volume drops dramatically). You have to be able to do that to keep your liquid money liquid.


My advice: ONLY BUY COINS THAT YOU CONSIDER GOOD LONG TERM INVESTMENTS. That way, even if you screw up and end up getting dumped on and holding coins that are now worth less than when you bought them, you can still feel confident they will EVENTUALLY be worth more than you bought them for. Saves you a lot of stress, and can actually lead you to making good long term decisions.

This is one of those coins, and the whale is currently accumulating.

How to tell what projects are good for long term investment is another topic, and there is lots of places to read or watch videos about it out there, so I won't take up any more space here.

Hope that helps the new traders trying to make sense of what they are seeing on the SAFEX market right now. GOOD LUCK!!!

hello there ,, i sent my coins to wallet but now when i try to get them out, i cant .. whats the problem with wallet ?

I was considering buying back some safex, but why are those sell walls still so huge?  Need 100 bitcoins to move 100 sat.... wtf, even with Ripple there are less sell walls.

Can anyone explain to me how to install the wallet on windows or linux?

"Balances and transactions should be back up and running.There are a few improvements we will be making to bring the best feeling to usage of the wallet. Generally great feedback so far."
Nice info thanks for share

Hey all,

So, a little update for those who were having problems with showing balances in our wallet:

https://safe.exchange/t/in-case-of-unviewable-balances-august-19-update/1472

We will keep updating our wallet app in coming days and weeks