Safe Exchange Coin price


#1

General question for the community and @dandabek:

It’s not clear to me why cryptocurrencies seem to be in such a bear market now. If I had to hypothesize I would suggest that it all comes back to the question on everyone’s mind, “what is the intrinsic value of this stuff?” There has to be a “use case” that makes cryptocurrency practical as opposed to fiat. I still have to buy all the things I want or need using fiat, until at such time a marketplace exists like an amazon or some other ecommerce website where I can make all of my purchases using cryptocurrency. That was my hope when I made a decision to sell all of my other cryptocurrencies and go full throttle into Safex. I understood it would be a long term play, and anything good takes time to develop. Dan Dabek has really strived very hard to advance this project and bring it to fruition. He and all the hard working folks at Balkaneum, and others such as Rich Bate have down great work, that given my investment, I’m thankful for. It’s pretty obvious they’re committed to our success.

Given that cryptocurrencies have been in a downward slide for some time now, we’ve seen the impact of this in the price of Safe Exchange Coin as well. The current price listed on Worldcoinindex at the time of this post was in the neighborhood of $0.0060, and I was wondering if this current price will also be reflected in the value of Safex Token once it becomes available on Coindeal? Is it possible that the price of Safe Exchange Coin has declined because it will lose it’s value in a years time? Is anyone still buying Safe Exchange Coin?


#2

I’m no expert but:

Safe Exchange Coin can be converted to Safex Token and gives the Safex Cash airdrop at the conversion…

But Safex Token is already converted and doesn’t give anymore Safex Cash airdrop.

So doesn’t that mean that Safe Exchange Coin be worth more than Safex Token?

One day the marketplace will be up and running and the Safex Tokens will give you dividends paid for in Safex Cash. At that time perhaps Safex Token will be worth more.


#3

Why is the price as low as it is now?
In my opinion, SAFEX is still under the radar big time. The amount of investors is stagnant. Track the follower counts of the team members on Twitter and the members in the discord channel. These numbers didn’t change much in the last weeks/months and are good indicators to see if general interest increases. In the bear market you won’t get many new investors into the boat.

How will the prices of the old and new token develop?
Once listed on coindeal I expect the price of the new safex token to be roughly the same as of the safex coin on tradesatoshi. I expect traders to arbitrage trade between the two coins so the price difference will lower in time. In theory the old token should/could be a bit higher because of the cash airdrop you receive during migration.

When will SAFEX go up?
Possibility 1: Crypto bull market comes back, hype builds, SAFEX pumps among other coins. (This can be away days or months, we don’t know.)
Possibility 2: The market gets delivered and actual use fuels a SAFEX bull run. This scenario could also work out if BTC is still in a bear market. (although I think the impact of the things delivered has to be fundamental in order to create a run on SAFEX in the crypto bear market.)
I expect this the latest in Q1/Q2 '19 and not dependend on the BTC/$. (I call this “decoupling of altcoins with actual use from bitcoin”.)

If you look at the SAFEX/BTC chart and compare it with other altcoins you will see that SAFEX stood its ground quite well. It’s mainly down in $ because of the BTC dump. You should not be worried but may take this cheap buying opportunity as a gift (I will).


#4

We can definitely create our own bull market on safex: we just need to generate demand. How will we do that? by introducing a product that some group of people want and only making it available in exchange for safex cash.

We have such a product in the pipeline that will take until the Spring to come about; so perhaps the ball is rolling on accelerated awareness and acquisition of safex products to start in Q2; yet the results would avalanche onwards, into the general bull market.

Other factors include additional exchange listings on those exchanges where investors are speculating on new things.

2 kinds of players -> users and speculators (investors)(not actually the same but used)

Users more likely create the one way motion of up since these users are buying coin to put them to use;

Speculators would buy to sell later for a profit if they can.

In the past year Safex wallets dropped by 2000 people from 11,000 so we could assume that those are the majority who sold to get out. This is a great number; since it is 25% so 10 steps forward 1 step back.

On the team’s side, we’ve built a lot and produced a ton of content which . we are in the process of organizing for proper consumption. Not an overnight process but a nice transition into information that is actionable easily.


#5

I think most in the cryptocurrency market tend to look at cryptos as purely an investment and not something to be spent. After all there’s really not any pure marketplace out there at the moment. The way Dan and team have created it is to take care of all of that in its ecosystem. It takes care of investing (Safex Token) and spending (Safex Cash) which is being distributed correctly where people can’t hoard it. Add the marketplace and divs, and we have a well oiled machine. With other cryptos it’s just like parts laying around that haven’t been put together.


#6

so where do you buy the token?

better to buy the token or cash?


#7

Safex Token will be available on the exchange Coindeal sometime in the near future. Other exchanges will also be added. I also expect that Safex Token will be available from www.safex.io:

Best Wishes


#8

@Amcdoc If you can only afford one I would get the token. However you need to buy Safex Exchange Coins (found on Trade Satoshi, or safex.io). Once you have those, you can migrate them and they’ll be changed into the tokens.

Safex Cash is very important as well its the driver behind the wheel, without it personally I don’t see the token rising much because the token and cash work in tandem. Cash is meant to be spent and the token is for investing.