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Topic: Investor lose billionaire opportunity -Damien Slash lost it over MEME coin SHIBA - page 2. (Read 327 times)

hero member
Activity: 2982
Merit: 790
You could stumble upon a situation where you will think "If you would have taken the risk" then you could have been a billionaire or millionaire for that matter. We have already learned multiple lessons throughout our crypto journey until now where investors had an opportunity to grow big but they lost it all due to fear or temporary greed at all once.

Whether it was bitcoin pizza day or two waitress sisters fighting for their Bitcoin share, we have heard and read all the stories.

Just came across a story about an investor who invested in meme coin, SHIBA INU. The investor named Damien Slash was one of the early adopters of SHIBA and he had invested around $2000 at the initial value.

Damien had lost the hope of getting good profits and he thought SHIBA is just like other coins and there is no point in holding the same. He has withdrawn the investment at $300 loss. However, soon after Damien realized one of the biggest mistakes he had done. His colleagues who knew about Damien's SHIBA holding told him that SHIBA went 67 million % from the initial launch value of the coin.

If he had holdings till then, he would have been the next billionaire. Imagine the pain that is soaring from this incident.

Have you encountered anything like this?

None so far on losing up millions of dollars but i did really lose up a couple of hundred thousands which even up to this day, it do still haunts me. Whats the actual reason on why i did miss out? Because of Greed.

I did able to get almost $100k came from ICO bounty which it is really on that time on year 2017 or that bull run on that time where ICO is still a main thing. I had really just hold up my position and waiting for it to
increase more until its price depletes and make me sell when the value is already that low which it is really just that sad to think that if i had just able to sell out then i might be having my own house now and
some physical business but well it turns out that i did make myself to be greedy.

How much more into those people who had just missed out those millions or even billions of dollars ? For sure it would be a nightmare if ever you would be on their shoes.
Its not something that you could easily deal or forget with.
hero member
Activity: 2268
Merit: 507
I myself invested in SHIBA INU in the relatively early stages. Of course, he took off with a profit, but not a big one. Using the example in the given story, after the investment, doubts began. And as soon as I saw the opportunity 2x, I took off the profit. What later also had to regret. But the crypt is this luck and faith, as well as iron nerves...
at the end of the day you got profit, still better than those that invested at all time high and lose their investment by about 90% which definitely gonna be heart breaking story, I'd say majority of early investors are just doing the same, they see opportunity of doubling they profit they take it and that's quite normal.
member
Activity: 476
Merit: 12
https://imgur.com/1d0UcY0
I myself invested in SHIBA INU in the relatively early stages. Of course, he took off with a profit, but not a big one. Using the example in the given story, after the investment, doubts began. And as soon as I saw the opportunity 2x, I took off the profit. What later also had to regret. But the crypt is this luck and faith, as well as iron nerves...
sr. member
Activity: 811
Merit: 250
I'm just the opposite with you, i have bought some memecoin and most of them goes to zero without a price increase.
back then i'm quite happy with 3-10x but after i sold them they just keep their own rocket for almost 100x.

If you have decided to invest in meme coins, then you should say goodbye to your money in advance. In this case, it is not necessary to sell coins prematurely. You must either wait for the flight to the moon or accept the fact that the money is lost.
Meme coin is very risky to disappear from trading when the market trend has abandoned the coin, meme coin market overview only last 5% of the total scam coin meme projects on the market if never invest meme coin if you are not ready to lose, we can allocate some funds for Top meme coin investment instead of new meme coins, the risk of loss is also considered before you invest meme coins.
legendary
Activity: 2268
Merit: 1655
To the Moon
I'm just the opposite with you, i have bought some memecoin and most of them goes to zero without a price increase.
back then i'm quite happy with 3-10x but after i sold them they just keep their own rocket for almost 100x.

If you have decided to invest in meme coins, then you should say goodbye to your money in advance. In this case, it is not necessary to sell coins prematurely. You must either wait for the flight to the moon or accept the fact that the money is lost.
full member
Activity: 826
Merit: 117
...I should have made thousands of dollars as well if I should have bought PEPE even if it already gained couple of thousands percent recently this week...

The owner of this wallet - https://etherscan.io/address/0x4a2c786651229175407d3a2d405d1998bcf40614 bought Pepe coins worth $250 on April 16, which turned into $22 million in 3 weeks. It was interesting to watch the wallet as its owner recorded a daily profit of tens of thousands of dollars. At such moments, I want to say: "Everyone could get rich, but not everyone succeeded."
That's right, but i want to say "get rich quick but not last forever" because maintaining wealth is more difficult than having a lot of money.
And we have many regrets like , why do we sell dogecoin/shiba inu at a lower price or other crypto when we can afford it
hero member
Activity: 2366
Merit: 504
it's always coming back to the fact that investing in meme coin could only be life changing if you could accumulate at the very first couple hour that the coin getting listed in the swap platform otherwise really you're just wasting your precious time and money, it's always the one that accumulate early that turned their measly investment into millions.
hero member
Activity: 2268
Merit: 507
there are sometimes many that uses some kind of automated program to buy these meme coin at their very early phase and if they are lucky they will definitely buy some meme coin that's turns out to be massive life changing I think it's the case with this address, it's got lucky buying the meme coin at very early launch.
member
Activity: 485
Merit: 10
I,m not interested meme coin and i don,t like meme coin but if anyone ask me about best meme coin than i suggested him DOGE & SHIB these coin i think good.
full member
Activity: 826
Merit: 117
Wild wild west. I should have made thousands of dollars as well if I should have bought PEPE even if it already gained couple of thousands percent recently this week. I saw some huge outflows on it in a tool that was shared across telegram but I just denied it considering it's a meme token.
Sometimes it works like that. If we don't invest, the coin will rise but did you notice that when we invest confidently, the coin won't show a sign of increase? We will then lose hope and sell the coin. You know what happens, after that. Yes, that is, the coin will unexpectedly rise. This pisses me off all the time so I just stop investing on these meme coins.

I'm just the opposite with you, i have bought some memecoin and most of them goes to zero without a price increase.
back then i'm quite happy with 3-10x but after i sold them they just keep their own rocket for almost 100x.
member
Activity: 476
Merit: 12
https://imgur.com/1d0UcY0
I believed in Shiba at the stage of its launch. Moreover, there was a significant pump of this shitcoin. As for the meme Shiba, it may make sense. Periodically, interest in various AltDogs and their derivatives is reinforced, thanks to Ilon Musk.
hero member
Activity: 2828
Merit: 611
Wild wild west. I should have made thousands of dollars as well if I should have bought PEPE even if it already gained couple of thousands percent recently this week. I saw some huge outflows on it in a tool that was shared across telegram but I just denied it considering it's a meme token.
Sometimes it works like that. If we don't invest, the coin will rise but did you notice that when we invest confidently, the coin won't show a sign of increase? We will then lose hope and sell the coin. You know what happens, after that. Yes, that is, the coin will unexpectedly rise. This pisses me off all the time so I just stop investing on these meme coins.

We all wanted a quick way to become wealthy and only a few wants it gradually and I'm the latter and I don't regret it as long as it's fixed on me that I'll get it.
For me yes but that was before. Now I realized that I should be realistic and stop chasing that dream because the more it will only lead me to danger. Indeed, regrets are not a good thing to have especially if we are talking about is only just a meme coin but if it's about BTC. Don't worry because we can still catch up. It's never too late yet to join its party.
staff
Activity: 2436
Merit: 2347
Have you encountered anything like this?

Absolutely every investor and trader in any market has encountered it. The effect is called FOMO. The lost profit syndrome causes many to take rash actions and buy an asset at a time when it is already time to sell it and lock in a profit. Very many investors, seeing the success of one asset, begin to panic and look all over the market for similar projects to get an opportunity to earn as well as that successful project. This does not happen because to be successful, it is not enough to be like any other project.
legendary
Activity: 2268
Merit: 1655
To the Moon

The owner of this wallet - https://etherscan.io/address/0x4a2c786651229175407d3a2d405d1998bcf40614 bought Pepe coins worth $250 on April 16, which turned into $22 million in 3 weeks. It was interesting to watch the wallet as its owner recorded a daily profit of tens of thousands of dollars. At such moments, I want to say: "Everyone could get rich, but not everyone succeeded."
I would say that if that wallet owned by the developer itself. Pepe token has been started to be traded around 17 april. I don't even think if that token bought by ordinary person. It's quite strange that if that guy was able to buy on 16 april a day before the launch on uniswap. Am i wrong about that? The chart on uniswap told me that if it's actively traded started from 17. it may be insider. I can't deny that there are many meme coin creators who were buying their own token during the launch.,

Of course, it is impossible to say for sure that this lucky guy did not have insider information, but if we analyze his purchases, we will see that he actively bought not only Pepe, but also many other new coins. As for the launch date of the Pepe coin, this information is posted on Binance: "PEPE, a memecoin launched on April 14..." - https://www.binance.com/en/feed/post/454727
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform

The owner of this wallet - https://etherscan.io/address/0x4a2c786651229175407d3a2d405d1998bcf40614 bought Pepe coins worth $250 on April 16, which turned into $22 million in 3 weeks. It was interesting to watch the wallet as its owner recorded a daily profit of tens of thousands of dollars. At such moments, I want to say: "Everyone could get rich, but not everyone succeeded."

I would say that if that wallet owned by the developer itself. Pepe token has been started to be traded around 17 april. I don't even think if that token bought by ordinary person. It's quite strange that if that guy was able to buy on 16 april a day before the launch on uniswap. Am i wrong about that? The chart on uniswap told me that if it's actively traded started from 17. it may be insider. I can't deny that there are many meme coin creators who were buying their own token during the launch.,
sr. member
Activity: 1022
Merit: 252
There have been several cases where people have sold their cryptocurrencies, such as Bitcoin, too soon only to watch their value soar immediately after. Others have lost out on substantial returns by making no investment at all, sometimes because they did not comprehend the technology or the potential for development. Another illustration is the incident of James Howells, who in 2013 unintentionally tossed away a hard disk holding 7,500 bitcoins. He didn't give it much thought at the time, but as bitcoin's value increased over time, he came to understand the seriousness of his error.
sr. member
Activity: 2366
Merit: 332


Have you encountered anything like this?


This is nothing new. It has been happening in the crypto investment world and nearly every active crypto investor has experienced it or will eventually experience it during the life time of crypto investment. This is expected to happen anytime the bull season happens, it can be called missed opportunity and yes I have experienced it. When you cash out in your investment early, that is just the same thing that happens if price keeps going north. It could be to your benefit also when you go out at the appropriate time. The cause of this is fear, fud and greed. It happened last year with different coins after bitcoin got to $64k, dogecoin and others picked ATH and now at ridiculous price.
legendary
Activity: 2268
Merit: 1655
To the Moon
...f he had holdings till then, he would have been the next billionaire. Imagine the pain that is soaring from this incident.

Have you encountered anything like this?

I am sure that every investor experienced similar feelings when the price of a coin increased after it was sold. And it has a scientific definition - the syndrome of lost profits. But if the price of the coin decreases after the sale, then for some reason we forget about the fact that we sold our investments in a timely manner.
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
You could stumble upon a situation where you will think "If you would have taken the risk" then you could have been a billionaire or millionaire for that matter. We have already learned multiple lessons throughout our crypto journey until now where investors had an opportunity to grow big but they lost it all due to fear or temporary greed at all once.

Whether it was bitcoin pizza day or two waitress sisters fighting for their Bitcoin share, we have heard and read all the stories.

Just came across a story about an investor who invested in meme coin, SHIBA INU. The investor named Damien Slash was one of the early adopters of SHIBA and he had invested around $2000 at the initial value.

Damien had lost the hope of getting good profits and he thought SHIBA is just like other coins and there is no point in holding the same. He has withdrawn the investment at $300 loss. However, soon after Damien realized one of the biggest mistakes he had done. His colleagues who knew about Damien's SHIBA holding told him that SHIBA went 67 million % from the initial launch value of the coin.

If he had holdings till then, he would have been the next billionaire. Imagine the pain that is soaring from this incident.

Have you encountered anything like this?
To me this is just one example that people are not really using their logic when they invest or trade the markets, what did he miss exactly? He had a bunch of coins and then he sold them, he has no rights to feel any regret as he stopped being the legitimate owner of those coins when he sold them.

Now I could understand that regret if he lost his wallet and his seed words, as those coins in theory are still his, but this is not the case at all, besides even if he did not sold for a loss he would have sold when Shiba did 2x or 3x anyway, so this idea that he somehow gave up being a billionaire is extremely misleading.
legendary
Activity: 2268
Merit: 1655
To the Moon
Yeah I explored his wallet. It seems like he was really smart but he was just buying tons and tons of these brand new low cap tokens and basically knew that he would hit it big on a few of them.

But if you look what else he bought he had some bad investments also. There are tons of these tokens which do nothing but get rugged by the developer.

Yes, he regularly buys a huge amount of new coins and NFT, but he has never invested such a budget that he spent on the purchase of Pepe before. One way or another, but it looks like a real example that investing a little money in memcoin at an early stage, you can become a millionaire.
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