$2 million worth of SHIBA INU bought - page 4.

wheelz1200

legendary

Activity: 3752

Merit: 1415

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 ?

Of course it is. Following other people buying crap tokens is never a good idea. And volume is so large right now on that token that $2mil doesn't budge the price. I'd be weary thinking someone bought 2mil of it anyway, it can be gamed to make it look like that.

the ghabbar

member

Activity: 588

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Futiracoin.com

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 ?

I think this is a game that they do, Pope doesn't actually make a purchase against SHIB, there are other things they are targeting actually, it's just a tool to achieve their planning, assumptions like this we often see in crypto, after Pope makes a purchase against certain coins, then a big pumping will occur and even that pumping only on the top cryptocurrencies is in effect, maybe this is just a bull trap for the end of the year?

Doell

hero member

Activity: 2156

Merit: 531

Quote from: WannaCry on December 07, 2021, 02:07:16 PM

Shiba Inu I think is for a long-term project. We don't know his/ her motive why he bought such a huge amount. If he is looking for a long term a try to keep it then that's good. Shiba inu is still has a long journey if he wants to surpass doge price

so delicious sounds Grin

! yesterday I was in market some exchange ,I thought about owning a shiba and hodl for the long term but I gave up my intention because maybe I saw it was pointless ! why do I must hodl with this amount of supply

Quote

Supply Circulation : 549.009.053.797.103 SHIB
Total Supply : 589,736,435,733,734 SHIB
Max Supply : No Data

source: coingecko
actually I also have no problem with that but for what is shiba ? can you tell me what project shiba introduce to investors ,dog food or other something else promising?

GbitG

sr. member

Activity: 854

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I ❤️Bitcoin

Quote from: WannaCry on December 07, 2021, 02:07:16 PM

Shiba Inu I think is for a long-term project. We don't know his/ her motive why he bought such a huge amount. If he is looking for a long term a try to keep it then that's good. Shiba inu is still has a long journey if he wants to surpass doge price

I am not agreed with you on this statement that it's a long term project because all crypto community know about this SHIBA is just a meme coin without any solid use case and not motive behind this all just someone trying to manipulate price which is mostly happened with these big market cap coins by whales. Many newbies will try to invest, and they will regret about this after having loses because whales mostly doing things like this right now, so better try to avoid this project and try to have some better with better end.

WannaCry

full member

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Shiba Inu I think is for a long-term project. We don't know his/ her motive why he bought such a huge amount. If he is looking for a long term a try to keep it then that's good. Shiba inu is still has a long journey if he wants to surpass doge price

Jackl87

sr. member

Activity: 1722

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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 ?

I think the only reason why the price of SHIBA is up is because the whole market is recovering today. If you take a look at the list of the top gainers within the top 100 coins in terms of market cap on coinmarketcap.com then you will see, that SHIBA is not even close to the top gainers of today. So i would call this a normal price recovery action in a recovering overall market. Also SHIBA has a daily trading volume of around 2 Billion $ at the moment which means that a 2M buy does not have that much impact, that it could bring the price back up by itself. It definitely has an effect but the trading volume of SHIBA is to big that a normal whale can manipulate the price.

Looper_U

member

Activity: 369

Merit: 16

$CYBERCASH METAVERSE

Shiba inu will be here for a long time but the way things are going I'm sure it will lose its rank on coinmarketcap presently but yes it's good for long term hold, if real altcoin season is still coming which I'm already doubting then shiba can see a good boost

crwth

copper member

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https://linktr.ee/crwthopia

Purchasing that amount would be a driving factor towards other people or smaller investors buying into Shib. Because something like that would make it even more attractive because why in the first place? Like why would an investor put that kind of money on the line if they don’t have any plans on having SHIB?

It could be another trap or a sign that it could go higher. As long as you know what you are doing and not forcing yourself to buy, you are good.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

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 ?

$2 million worth of shib? You know its 0.01 % of supply? You know its 0.1% of daily volume? You know its 1.5 min volume? You know that such trades happens like once per few minutes?

To answer your question. Its not a way to trap people, it will not affect price, it was not the reason for recent recovery. It was just a medium-size fish buying shitcoins.

Wysi

sr. member

Activity: 1638

Merit: 261

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 ?

Topic: $2 million worth of SHIBA INU bought - page 4. (Read 478 times)