$2 million worth of SHIBA INU bought - page 3.

abralzain17

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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 ?

how likely is it that the shiba inu will become a token of value and good value for the future?
Of course the answer is the same for each of us, if we believe in Shiba Inu, of course we have an answer from each of us. but I personally really like shiba inu because the community is growing very well, from that reason I assume that the future of shiba will grow well because of the community. and i think for people who buy shiba nowadays it is very good to keep their assets

cryptoaddictchie

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Quote from: Vaculin on December 08, 2021, 02:57:02 AM

For me, this is some kind of attracting more people to invest in SHIB because of a trap that will happen later on or this is the start that SHIB will have its own season and end up in a huge price.

This is another scenario. Actually no one would know right? But the $2million budget isn't probably the only fund that whale have. Maybe for him that's just nothing compared to his portfolio and just trying out to do a little hype that if followed by another one could do another millions to him. Anyway if you follow or not his move we'll better prepared for the worse as well.

Vaculin

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Quote from: cryptoaddictchie on December 08, 2021, 02:30:00 AM

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 ?

The whale is also taking a very huge risk. Even though people noticed he bought it. How sure you are that the btc market wouldn't crash the alts, cause once btc crashes it. Even though he had a good port of shib, it will be affected as well. Its not like shib is one of the biggest coin out there especially its only a meme coin. Institution are probably thinking twice to follow that kind of whale suicide mission.

For me, this is some kind of attracting more people to invest in SHIB because of a trap that will happen later on or this is the start that SHIB will have its own season and end up in a huge price. However, this is not a guarantee that whatever a big whale started, it will soon to breakout. Not in the case of meme coins because aside from they have no use case, they are mostly affected when a big dump hits the market. So for me, what a big whale did was very risky as it may cause a massive loss in the end.

cryptoaddictchie

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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 ?

The whale is also taking a very huge risk. Even though people noticed he bought it. How sure you are that the btc market wouldn't crash the alts, cause once btc crashes it. Even though he had a good port of shib, it will be affected as well. Its not like shib is one of the biggest coin out there especially its only a meme coin. Institution are probably thinking twice to follow that kind of whale suicide mission.

slaman29

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Quote from: Kkhair on December 07, 2021, 11:52:14 PM

not only Shiba recovered, besides Shiba including bitcoin, Ethereum, Binance Coin, Dogecoin to Terra..
with the events you mentioned, do you think this will continue?

the decline that occurred in bitcoin trading, Monday 6 December 2021, fell by almost 40%, so the result of the decline affected the prices of Shiba, Ethereum, Solana, Dogecoin and several other cryptocurrencies. and recovered and started to rise on Tuesday, December 7, 2021 trading yesterday..
In my opinion and all of us, this correction is actually still a natural and reasonable thing, and this correction is an unavoidable part of the market, but so far it can still be exploited.

Not that I don't enjoy seeing things like this happen, or rather I enjoy thinking of the future when all memecoin holders cry and panic. I mean look at Dogecoin man. From 1200 satoshi to now 350 satoshi? That's almost like a 75% drop, at least BTC only lose 25% and looks like it could still go up!

You can bet your shirt this is a correction. And don't think it's not over yet!

Kkhair

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not only Shiba recovered, besides Shiba including bitcoin, Ethereum, Binance Coin, Dogecoin to Terra..
with the events you mentioned, do you think this will continue?

the decline that occurred in bitcoin trading, Monday 6 December 2021, fell by almost 40%, so the result of the decline affected the prices of Shiba, Ethereum, Solana, Dogecoin and several other cryptocurrencies. and recovered and started to rise on Tuesday, December 7, 2021 trading yesterday..
In my opinion and all of us, this correction is actually still a natural and reasonable thing, and this correction is an unavoidable part of the market, but so far it can still be exploited.

Strongkored

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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 ?

Isn't that what is common when the market goes down, news will be sought as to why it happened and vice versa.
I think it's just an ordinary buying activity, the value is indeed quite large when compared to us who are only small players but not for the whole.
The increase in the price of Shiba is not due to the bought but because the market is recovery after a dump hard a few days ago, even the increase in the price of Shiba has not yet touched the highest price when the news of Kraken started trading in Shiba, so this movement is normal.

Teraboy

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Are you serious about this? 2 millions was nothing. It's not even a whale when it comes to the token with more than 20 billions valuation as per the current price and CMC. The recovery is causing bitcoin and those big buyers didn't wanna miss the chance to shorting the market. It's not only happening with shiba inu but whole of cryptos are also facing the same bounce as well. The correct thing must be caused by bitcoin. There's no good reason for the whale to enter into the game other than it with the hope bitcoin will able to go back to the 60k again. I think that it's clear that if your assumption is wrong.
If bitcoin would not recover and the whale will not try to buy more shib from the amrket.

josephdd1

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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 ?

If there is a correction in other currencies, I don't think that shiba will be bullish. Even such a huge purchase is not likely to stimulate people to invest more if they are scared by red market and massive selling. On the other hand, if a whale buy a lot, the price pumps usually, but I don't think that we should expect a very positive movement as for now.

kanayaTabitha

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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 ?

The buyer's plan seems run flawlessly, i'm sure they bought a lot of shiba to make people blow it up on forum and media like this means he trapped the newbies and pump shiba price, and i'm sure when he already in profit position he will sell all of his shiba.
A memecoin is never worth to invest no matter how big the name and how popular the name is, it could be gone someday and you will lost all of your investment, so be careful.

yazher

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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 ?

If it's only coming from one investor then I highly recommended not to do so, because it only took one move to change the situation of SHIB market again. You better be careful with this because it only came from a single source where they can manipulate its market easily unless after it there will be many investors will buy SHIB. then the price will rise again and you have an opportunity to decide whether you gonna join them or wait for a while to do so. Altcoins price is not like bitcoins, some of them never recover until now because of lack of development. so stay vigilant and don't get carried away by the hype.

asriloni

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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?

Is there a correlation between ship and ethereum? I thought that if 2 million USD was nothing compared with the daily volume trade in binance. The recovery was happening due to the massive bought after bitcoin was recovering again above 50k.
2 millions were so small to pump the price of shiba inu. It's caused by the trend and it doesn't have correction with the recovery that happened with shiba.

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 ?

When the big buy appears in the buy order and that will be pushing lots of people to get in the market. The whales could be a signal if the market will be doing U-turn again. it seems like this might not be the bull trap again. To be honest 2 millions USDT can't be used to pump the price but it can be used to trigger it.

Coyster

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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 ?

It could possibly be the reason why the price has recovered and is somewhat rising, but mind you that investors have to be really careful when a single/few big individual pumps the price of coin on the network, it could be risky cause some of this coins are pump and dump coins and when a whale pumps the price of coin and makes profits, if they pull out/withdraw their funds, it could spontaneously cause a dump in the price, leaving individuals who bought as a result of the pump with losses to bear.

Having said that, investors should ensure that they do not just invest in a project cause of it just pumped but because they have done their research and believe in the project to be sustainable for the long period.

Scripture

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Whales sees the price of SHIB on its cheapest level again and hoping that it will rise again in due time which is actually a good strategy since we know that SHIB is a hype meme token, and it will always rise as the hype continues. If I have the budget as well, I'll grab the opportunity to buy more cheap tokens and hold.

AmoreJaz

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Quote from: milewilda on December 07, 2021, 04:50:48 PM

Quote from: Quidat on December 07, 2021, 03:26:05 PM

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 ?

Could neither a bull trap or totally an adoption or recognition because this is the only way or path for a project to go thats why its really hard to make out some conclusions for SHIB specially that we know that this one is been driven out by some hype and now a $2M purchase
would be your indication that this one would go huge? I dont think so but its still you risk to take since your money to be invested
not ours.

This is actually true because you couldnt say that those who had invested that money wouldnt really make out some sell later on specially if it goes up
because the hype was reawaken again and that guy would just simply pull off those money he had invested yet he had already profited on small
percentage which it isnt really bad for a million had been thrown off but who knows if he would go for long term?
This could be a good signal or an another normal day in crypto which investors could freely go inside and outside.

everyone can just speculate on what's he gonna do with his million-dollar shib. but we all know that investing in meme token is quite high risk even if it is shib, which is already popular. this can easily drop from the market once the team abandoned this meme project and they decide to cash out and enjoy their easy money.
look for tangible use case of this meme token, is there a sign that this will go long-term? if there's nothing you can think of, then, you know what to do here.

milewilda

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Quote from: Quidat on December 07, 2021, 03:26:05 PM

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 ?

Could neither a bull trap or totally an adoption or recognition because this is the only way or path for a project to go thats why its really hard to make out some conclusions for SHIB specially that we know that this one is been driven out by some hype and now a $2M purchase
would be your indication that this one would go huge? I dont think so but its still you risk to take since your money to be invested
not ours.

This is actually true because you couldnt say that those who had invested that money wouldnt really make out some sell later on specially if it goes up
because the hype was reawaken again and that guy would just simply pull off those money he had invested yet he had already profited on small
percentage which it isnt really bad for a million had been thrown off but who knows if he would go for long term?
This could be a good signal or an another normal day in crypto which investors could freely go inside and outside.

Lizzylove1

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Sometimes these guys could come together and buy in large quantity to create some hype around the project which will send some good waves across communities. Although Shiba has over perform this year giving huge returns to early investors and still have some potential to go higher but the market cap is now very huge. They have some plans for shiba which will create more value for the token.

livingfree

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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 ?

Maybe.

But these whales know how to take advantage of the situation. And with a few cents of rise for shib, it will also means profit to them.

That's how they make money on it, upon the movement of the price, later on that whale will just take its position filled in sell.

Queenboss

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I really don't know what this whales see in Shiba inu, but I'm certain that Shiba is a token that should not be taken for granted. We have seen the price pump and it seems it would pump much more. I'll prefer to get some Shiba inu tokens to take advantage of the pump which is imminent.

Quidat

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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 ?

Could neither a bull trap or totally an adoption or recognition because this is the only way or path for a project to go thats why its really hard to make out some conclusions for SHIB specially that we know that this one is been driven out by some hype and now a $2M purchase
would be your indication that this one would go huge? I dont think so but its still you risk to take since your money to be invested
not ours.

Topic: $2 million worth of SHIBA INU bought - page 3. (Read 478 times)