Topic: Has Shiba Inu a bright future? - page 10. (Read 1738 times)

Maybe his mind is still not healthy so he wants to turn Ethereum into a memecoin like Shiba Inu whose price resistance potential is very weak, so I personally have never thought about it even though there are people who have thought about doing it now.

Shiba inu have something precious that most new projects don't have, team that are 💯 determined, let's forget that shiba started its journey as a meme coin now it's more than meme coin, my final answer is shiba can only fail if the team stop development, shiba is indeed the new doge coin period.

Shiba coin was originally born and was called shitcoin and until now, maybe everyone has different thoughts on shiba. basically for me it is very scary with a million percent increase if you buy it now. a lot of fomo using paid artists advertise buy shiba so that everyone believes shiba can be much more powerful than what other people say.

all your question is answerable by single word, and that is NO this is not having bright future, instead of putting your money in Meme coin why not invest in worth holding?
imagine you are planning to convert your ethereum to SHIB? where on earth have you get that idea?

No Ethereum is more bright full than SHIB.

I don't mean to compare the Shiba Inu token with other coins like Dogecoin. If Dogecoin which was considered a meme coin at that time was able to provide profits and still survives to this day, why not Shiba Inu which was then considered a meme token. I have also considered that assumption (Shiba Inu token meme).

Converting to Shiba Inu with your Ethereum isn't a good idea IMHO.

Just look at how much Ethereum is right now. It's also hitting new ATH just as bitcoin while shiba inu is going down. So if somebody wants to convert their Ethereum to shiba inu.

Think agai.

Not weird but a little less normal because ETH is a more valuable asset than anything after Bitcoin, a lot of people hunt for ETH very hard, but those who already own it are releasing it for something else, so this is a bit abnormal in my opinion.

No one's gonna decide on your own money but only yourself. So feel free to buy Shiba Inu as much as you want. But i really think that it will never be a good decision if you convert ethereum into Shiba because it's like risking your own investment as well. Etherem is a solid investment, while Shiba Inu is just profitable at the moment because it is hyped. And once the hype will be gone, your profits will be gone too. But if you still decide on taking the risk, i suggest know when to make the best exit as you will not be facing huge losses in the end.

Of course it's okay if you buy Shiba Inu tokens because it's everyone's right to buy them. Shiba Inu is also a token that can provide benefits just like any other token on the market. If you convert Ethereum to Shiba Inu, that makes me think it's a bit odd, because almost everyone wants to get ETH as an asset.

I never invested in Shiba Inu even though i saw the hype from the start and the rally was crazy and i was hesitant to jump in and i am not going to invest in it but since you said it does not have any use case in one statement and on the other you claims that it is listed in many online platforms, which is a use case when you invest in them. I am not sure which platforms started accepting Shiba Inu but the future depends upon how the market reacts during the bear market.

Anything would really vary on community demands and of course before that happens then real use case thing should be prioritized and if we cant really

see anything that connects to it then expect that sooner or later the hype would fall down which might result into crash which wont really be having any chance of recovery.

Be smart and be attentive on dealing with things which had been driven with hype.I dont see any relevance or much better aspect of SHIB than with
some undervalued coins imho.

Investing in SHIBA INU is like investing in dreams. Everything looks very nice because now the price is going up. Unfortunately, the truth is that this is just a meme coin with no functionality behind it. It is now being adopted by many online platforms, but once the bear market starts its price is likely to drop by at least 90%. If you want to take a risk and invest in the short term you can try, but a long term investment is a very bad idea in my opinion.

My only concern isn't with the devs selling but the fact that other big holders might decide to sell. I remember what happened with Vitalik sold Shiba. The price crashed momentarily. If more big holders do this especially in a market correction or crash, it would end up pretty bad. I agree with not converting 100% of one's portfolio into Shiba inu except the devs comes up with something that brings more value and utility to the token.

Don't get too confident with SHIB because we don't know the motives of their devs here.
Once they decided to sell their shares and dump it in the market, their journey is over.
So with the question of the OP, if he will convert his ETH to SHIB, I would rather not.
ETH has very solid foundation and up until this point, we know, it will not disappear into thin air.
The dev team headed by Vitalik is visible in this community and we know they can produce results.
However, with SHIB, what is the credibility of their dev team? I have the feeling that they can always abandon this meme token once they got their pockets full.
So in my opinion, better hold your ETH rather than convert it to SHIB. But if you really want to get ahold of SHIB, just convert some.
At least, whatever happens to this meme token, once the hype is over, you still have some of your ETH.

It's not ok to buy when the price shiba inu was rising a lot but you may have different opinion about that and it seems like that the price of shiba inu was going down again to the new floor as the correction msut have done to make sure if the price will be getting the right direction. if you're thinking this worth to be used as long term investment and then you should buy that but when you are not thinking if it's only worth to be used as short term investment and you can try to can use the current price as entry point. The think is what will be your choice for that?

It will but i will not sure if that will be creating a big pump just like last month. I should remind you that with very huge total supply and this time the room for shiba to growth getting even smaller than before. The chance for you to make profit from shiba was so small compared before it was getting pumped.

It could give you more profit as long as you are getting the right entry point. If you're taking the wrong price as your entry point and then you will be loosing your value. I should remind you that ethereum is really promising right now and you can see the current chart of ethereum. You must always do your own research about that. Think about what will be your target by converting your ethereum into the shiba token.

Even though it has a very high risk, SHIB is a memecoin that has the opportunity to survive in the crypto market, because currently the price of SHIB is much higher than expected, because its growth is increasing day by day, so there are a lot of users Crypto that invests with this memecoin, I thinks SHIB will follow in the footsteps of its patriot, Dogecoin, which until now has been able to survive and be idolized by investors, from the research I have done like SHIB has a very bright future.

Shiba Inu tokens are good and can give you a profit if you buy them now. We can take the example of how the Dogecoin coin is able to make the people who collect it profit. But if you convert Ethereum to Shiba Inu, then it's not a good choice.

Do Your Own research, some people believe Shiba Inu can make more profit for the future and some people just make profit at the right moment.
If you want to convert your ethereum to shiba, i think is not a good choice

Still a meme for most trades and investors, good for riding if you place your money in the right time,

But bad if you failed to anticipate and you mistakenly assess the next market movement, pump and dump concept is very risky
only those who can handle this kind of risk are also the one who manifest good outcome when pump take place.

Needs to have a better understanding and closer knowledge of how the team facilitates.

in terms of performance, it is very convincing that the shiba inu project will live long term, i am still correcting what is this trick from the shiba team for the initial introduction so that everyone believes this will be a bright future for me this is not necessarily what everything that is in shape will work and useful in the field of crypto is not necessarily too, stay alert. only this shitcoin has been so popular for a long time..?