$2 million worth of SHIBA INU bought

Novita

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Quote from: manok jepang on December 15, 2021, 03:47:31 PM

Quote from: Ngewex Yuk on December 15, 2021, 11:53:54 AM

Shiba tokens are fantastic, never make people hesitate to buy and invest, large transactions make us believe that there are millionaires behind Shiba, of course this will make the team optimistic to be able to develop Shiba even better.

If based on whales who buy SHIB in large quantities, I don't think that's a reason to invest with this memecoin, I think it's very easy for people who have a lot of money to manipulate the growth of meme coin, so be careful mate,,!!!! Personally I really doubt SHIB can develop further, that's why I really avoid coin memes because the risk is very high, you should consider investing with SHIB because the hype has run out actuallyof this coin.

The smart analysis you made, if only because our Pope believes in coins, then so many billionaires have been born in crypto, this kind of manipulation is not a strong reason that can encourage people to choose investments, regarding shiba inu I also agree with you, such investment coins this only relies on hype, many problems will be caused, if you continue to be forced to invest.

the ghabbar

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Quote from: ipanks on December 14, 2021, 02:12:55 AM

Quote from: the ghabbar on December 14, 2021, 01:54:50 AM

Quote from: Slow death on December 13, 2021, 05:49:19 PM

this altcoin should win the nobel prize for being the most manipulated altcoin in history I'm sure it would win the nobel prize in that category if such a category existed. why do people buy this altcoin so much even knowing the manipulation? I once saw someone say that the price would be 1$, man I was shocked because the person posted a video on the pornographic channel, it was a youtube video, but they paid for advertising on the pornographic site

All promotions carried out by altcoins are solely to develop the coin in the future, but never get caught up in conditions that will affect future risks, altcoin categories that have stability and tend to grow, usually have development targets, growing teams and communities, II don't think all altcoins can do that, considering that in crypto today too many memecoins have been launched, which makes altcoins even more competitive.

Only some altcoins have a chance to do that and can increase so high. But people like to follow the hype, especially if the price can soar in a short time. And that is why people still hunt for that altcoin because they know that many altcoins can do that, especially for meme coins, as the hype coins are still there. So they do not want to miss the chance to involve in the meme coins. But I do not know with Shiba for sure as this meme coin is like Dogecoin that needs to wait for a while to increase higher.

Many people have the courage to choose popular altcoins, compared to memecoins like Shiba Inu, altcoins have a good level of stability, even though the selling and buying prices are not that high, in contrast to memecoins, developers or collaborations with smart contracts may end up halfway, which causes us to lose and will lose the memecoin, to avoid such things, so many people prefer altcoins.

manok jepang

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Quote from: Ngewex Yuk on December 15, 2021, 11:53:54 AM

Shiba tokens are fantastic, never make people hesitate to buy and invest, large transactions make us believe that there are millionaires behind Shiba, of course this will make the team optimistic to be able to develop Shiba even better.

If based on whales who buy SHIB in large quantities, I don't think that's a reason to invest with this memecoin, I think it's very easy for people who have a lot of money to manipulate the growth of meme coin, so be careful mate,,!!!! Personally I really doubt SHIB can develop further, that's why I really avoid coin memes because the risk is very high, you should consider investing with SHIB because the hype has run out actuallyof this coin.

el kaka22

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I am 50% sure that there is a way to launder money via Shiba and that is what the rich people are doing and that is why there is a hype around it. There is no logical argument over why Shiba should be even considered a decent investment for any sane person. Don't get me wrong, I am not one of those people who do not understand crypto, I have been in this world for 8+ years, getting closer to 9 years in 2022 march, so I have been in crypto space a long time.

I even get NFT, I get metaverse, I get everything but will never understand the hype around 2 things; 1) I never understood it for XRP because it is HIGHLY centralized but then everything became more centralized anyway, 2) Shit memecoins. I mean if it had any value at all or any use case then I would understand it but there is literally nothing that can be done with it so it is totally weird for them to have some value.

liqidoxgen

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I'm not a fan of meme coin so I don't know if it's worth it or not. And if it's only based on whales buying large quantities, it's not a reason to invest in coins, which we don't really believe will be successful. for me popular person or rich people not the reason to doing the same thing as they do.

A very correct observation. If any eccentric millionaire can easily part with several million dollars by buying an empty meme coin Shiba, this does not mean that other sensible investors, in this example, will be ready to lose their, even 100 dollar investments.

Ngewex Yuk

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Shiba tokens are fantastic, never make people hesitate to buy and invest, large transactions make us believe that there are millionaires behind Shiba, of course this will make the team optimistic to be able to develop Shiba even better.

WalkerIVIV

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Quote from: Wysi on December 07, 2021, 12:19:46 PM

As per the latest update an Ethereum whale has purchased SHIB worth over $2 million, is that why we have seen recovery in the price over last 24 hours?

A crypto coin with multi billions daily trade volume will not be affected with 2 millions USD buy orders. This may be different when it was around 100 millions or more buy orders in the market. The recovery is happening as per the recovery that happened with bitcoin as well. 2 millions USD was very small amounts of money to be used to pump multi billions token in the market like shiba inu.

Quote from: Wysi on December 07, 2021, 12:19:46 PM

I am wondering whether this will push more users to buy SHIB as there are two reasons why users will buy SHIB, one just because it's recovering and second is the assumption that whenever whales invest into any crypto it would pump hard. Are we being bull trapped again ?

It will not push users to buy shiba. Massive buy will be happening when there are very big whales buying or earting all of sell order at once. This can be called as an organic pump by the whales.
The whales will always be speculating this token. I can't deny that shiba is very similar like doge coin to be used as pump and dump token. Remember that this is starting from a garbage token.

llecrf

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$2 million usd to buy memecoin is a confusing choice in my opinion but all investors have the option of pumping up the price then they will make a quick trade to make a profit.
actually there are still many coins that have good fundamentals, but some investors can't choose that coin because there are too many coins in the crypto market and they will choose coins only with trending topics, that's what I think.

magneto

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Musk's announcement and this.

I honestly don't know what the deal is with SHIB anymore - it does not have the community appeal of DOGE and it has no use cases and a huge premine given to Vitalik that he can dump at any time.

You'd have to be a special kind of stupid to speculate on this stuff. Avoid at all costs.

ipanks

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Quote from: the ghabbar on December 14, 2021, 01:54:50 AM

Quote from: Slow death on December 13, 2021, 05:49:19 PM

this altcoin should win the nobel prize for being the most manipulated altcoin in history I'm sure it would win the nobel prize in that category if such a category existed. why do people buy this altcoin so much even knowing the manipulation? I once saw someone say that the price would be 1$, man I was shocked because the person posted a video on the pornographic channel, it was a youtube video, but they paid for advertising on the pornographic site

All promotions carried out by altcoins are solely to develop the coin in the future, but never get caught up in conditions that will affect future risks, altcoin categories that have stability and tend to grow, usually have development targets, growing teams and communities, II don't think all altcoins can do that, considering that in crypto today too many memecoins have been launched, which makes altcoins even more competitive.

Only some altcoins have a chance to do that and can increase so high. But people like to follow the hype, especially if the price can soar in a short time. And that is why people still hunt for that altcoin because they know that many altcoins can do that, especially for meme coins, as the hype coins are still there. So they do not want to miss the chance to involve in the meme coins. But I do not know with Shiba for sure as this meme coin is like Dogecoin that needs to wait for a while to increase higher.

the ghabbar

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Quote from: Slow death on December 13, 2021, 05:49:19 PM

this altcoin should win the nobel prize for being the most manipulated altcoin in history I'm sure it would win the nobel prize in that category if such a category existed. why do people buy this altcoin so much even knowing the manipulation? I once saw someone say that the price would be 1$, man I was shocked because the person posted a video on the pornographic channel, it was a youtube video, but they paid for advertising on the pornographic site

All promotions carried out by altcoins are solely to develop the coin in the future, but never get caught up in conditions that will affect future risks, altcoin categories that have stability and tend to grow, usually have development targets, growing teams and communities, II don't think all altcoins can do that, considering that in crypto today too many memecoins have been launched, which makes altcoins even more competitive.

Slow death

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this altcoin should win the nobel prize for being the most manipulated altcoin in history I'm sure it would win the nobel prize in that category if such a category existed. why do people buy this altcoin so much even knowing the manipulation? I once saw someone say that the price would be 1$, man I was shocked because the person posted a video on the pornographic channel, it was a youtube video, but they paid for advertising on the pornographic site

uneng

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Quote from: AmoreJaz on December 13, 2021, 03:54:09 PM

Quote from: ?? on ??

Quote from: repear7 on December 13, 2021, 10:54:35 AM

You said that 2 million dollars worth of Shiva Inu tokens were bought. It will not have much effect on Shiva Inu. The main reason is that Shiva Inu trades more than this every day. Shiva Inu is definitely a very good project. This project has the potential to be much better in the future. I think as far as possible it can go 0.02 $. So if you want you can buy it for the future. But you can't trade shots with it. It will not make you much profit.

Shiba inu being a meme token can also go to zero any day as well, it's just speculation on which it is still being pumped and there is no real use of this coin in the world. People are buying it just for the sake of speculation and that it can make you rich very quickly just like DOGE which have made quiet a few people millionaire. I guess it is not the right time to buy Shiba inu and that we should wait for a hard dump for buying it again.

his target of 2 cents is for me a very very long journey to go as right now, it is valued $0.000032 - he's aiming like 625x over from the current price! this will be possible if in case, this yet another meme token will survive and the dev team behind will not rug pull later on. as you said, you can't see the real use case for this token - because there's none. why do you think people are buying this token - because of its use case? nope. it is because they are hoping that they will hit the jackpot here and will get rich because of this token. so they are hoping that someday, if it will pump big, they can sell their stash. will this happen?

Shiba inu development team is trying to revive the hype again by promising a new NFT game in partnership with an ex-Activision Blizzard vice president and by introducing the crypto currency in more big exchanges.

But despite this apparent effort, there are no positive results, as the market continues pessimistic regards the token.

I believe the only thing which made shiba inu hyped for a while was the support from Vitalik Buterin and the jokes from Elon Musk, who was also believed to be a supporter until he denied it publicly.

Now it's over, so it's better to stay away from this meme coin in order to prevent losses.

AmoreJaz

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Quote from: ?? on ??

Quote from: repear7 on December 13, 2021, 10:54:35 AM

You said that 2 million dollars worth of Shiva Inu tokens were bought. It will not have much effect on Shiva Inu. The main reason is that Shiva Inu trades more than this every day. Shiva Inu is definitely a very good project. This project has the potential to be much better in the future. I think as far as possible it can go 0.02 $. So if you want you can buy it for the future. But you can't trade shots with it. It will not make you much profit.

Shiba inu being a meme token can also go to zero any day as well, it's just speculation on which it is still being pumped and there is no real use of this coin in the world. People are buying it just for the sake of speculation and that it can make you rich very quickly just like DOGE which have made quiet a few people millionaire. I guess it is not the right time to buy Shiba inu and that we should wait for a hard dump for buying it again.

his target of 2 cents is for me a very very long journey to go as right now, it is valued $0.000032 - he's aiming like 625x over from the current price! this will be possible if in case, this yet another meme token will survive and the dev team behind will not rug pull later on. as you said, you can't see the real use case for this token - because there's none. why do you think people are buying this token - because of its use case? nope. it is because they are hoping that they will hit the jackpot here and will get rich because of this token. so they are hoping that someday, if it will pump big, they can sell their stash. will this happen?

crzy

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Quote from: ?? on ??

Quote from: repear7 on December 13, 2021, 10:54:35 AM

You said that 2 million dollars worth of Shiva Inu tokens were bought. It will not have much effect on Shiva Inu. The main reason is that Shiva Inu trades more than this every day. Shiva Inu is definitely a very good project. This project has the potential to be much better in the future. I think as far as possible it can go 0.02 $. So if you want you can buy it for the future. But you can't trade shots with it. It will not make you much profit.

Shiba inu being a meme token can also go to zero any day as well, it's just speculation on which it is still being pumped and there is no real use of this coin in the world. People are buying it just for the sake of speculation and that it can make you rich very quickly just like DOGE which have made quiet a few people millionaire. I guess it is not the right time to buy Shiba inu and that we should wait for a hard dump for buying it again.

Is this related to the news that someone bought SHIB from a scammer who scammed lots of people for a fake project? Then I guess this can affect the system of SHIBA and people might panic because of this. Though this is not that big but still it can affect its price for at least a day for sure, and still this is a meme token than is more volatile compare to any project so better to be careful always and know when to buy and sell to avoid being trap on a meme token.

RealMalatesta

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Quote from: Wysi on December 07, 2021, 12:19:46 PM

As per the latest update an Ethereum whale has purchased SHIB worth over $2 million, is that why we have seen recovery in the price over last 24 hours? I am wondering whether this will push more users to buy SHIB as there are two reasons why users will buy SHIB, one just because it's recovering and second is the assumption that whenever whales invest into any crypto it would pump hard. Are we being bull trapped again ?

Trading volume, liquidity and number of holders all matter in this case. Shiba started out with pre-minted and all given to different places so I have always hated for that. No matter all that fun, all that profit, all that memes, all those jokes, all that hype, doesn't matter to me, as long as it is not a fair thing then I will not invest my money and yes there are many that believed in it no matter the centralization but I won't.

However, when a token gets bought this much and that money is withdrawn from the trading and from the exchanges and stored somewhere, that is a good deal for anyone and it would help the price go up a lot faster for sure.

repear7

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You said that 2 million dollars worth of Shiva Inu tokens were bought. It will not have much effect on Shiva Inu. The main reason is that Shiva Inu trades more than this every day. Shiva Inu is definitely a very good project. This project has the potential to be much better in the future. I think as far as possible it can go 0.02 $. So if you want you can buy it for the future. But you can't trade shots with it. It will not make you much profit.

Valak

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Get ready for the prices of cryptocurrencies such as Bitcoin, Ethereum, BNB, Solana, Dogecoin, Shiba Inu, etc. to return to an uptrend in the third week of December 2021. After tending to weaken, predicted to move up.
The crypto asset market in the past month is getting a red report . Referring to Coinmarketcap, the five crypto assets with the largest capitalization have all experienced price corrections..

Rahman11

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As the price frenzy reversed in recent days, the crypto world’s attention has been fixated on a “whale” wallet controlling billions of dollars worth of the token. There was unsettling news for all the minnows who bought Shiba Inu and were sitting on paper gains of a lifetime: The whale has been moving the coins into different wallets, raising concern the holder was about to sell.

Mpamaegbu

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Quote from: Finestream on December 13, 2021, 06:29:07 AM

Shiba Inu's top and only competitor is Dogecoin but SHIB will have a lot more longer journey to go just to surpass DOGE or even match its level.

I don't think it's much of a long journey going by the difference in both marketcap which isn't much. While Doge is at $21b+, Shiba is slightly over $19b. It's less than $2 billion apart. Not much to catch up to Doge which is at number 11 on the list as against Shiba's 13th, if you asked me. Interestingly, both cryptos seem to be enjoying the presence and patronage of the same man - Elon Musk. For me, both cryptos look promising with several exchanges having them on their sites. It shows potential for future growth.

Topic: $2 million worth of SHIBA INU bought (Read 478 times)