Is Shiba Inu Coin a better investment than Dogecoin? - page 16.

macson

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Quote from: Novice08091 on October 10, 2021, 03:21:05 PM

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

as long as Elon continues shill Shiba Inu on his twitt then for the next ten years, the Shiba Inu will continue to exist, but the question is do you believe your money is safe on meme tokens that have no real use-case. my advice is either dogecoin or shiba inu you should not make your main investment, focus on coins that already have a good reputation.

Fivestar4everMVP

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Quote from: Novice08091 on October 10, 2021, 03:21:05 PM

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

You've said it all and thank God you know that this two coins have no real usecase and shouldn't be consider a good investment vehicle, and for this, I wanna bring to your knowledge that the subject of this topic is deceptive.
I think the proper subject should be "Is Shiba inu coin a better gamble than dogecoin?" this way, anyone coming into this thread knows ahead that this coins aren't coins for serious investors but for those who wanna gamble with their money.

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Quote from: 91254vvpatel on October 12, 2021, 04:57:23 AM

Yes - my answer is yes. If I am talking in terms of investment then yes. Because you know about the people involved in this project. Learn about people's faith. Understand their future planning. Those people have really worked harder. And the whole project is plan functions.

How do you see if they are working harder? while what they have built is a meme coin and where is the use of the meme coin now? is it just because the price goes up you say this while when the price goes down you will be silent or say something else?

Curious also to know if how did he know that the team behind are working harder since they create a meme coin that, mostly
move because of those whales behind. More on pump and dump actions, if you failed to buy when the price still low and sell
it when the pump happens.

When fomos is taking place hypes really pushing the price up, while when there are many fuds around, the value will surely
go down and investors who don' know what to do will surely lose their money.

nikola22

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I don't think that Shiba Inu is really investment. this token is used for pump and dump scheme so if you like to take part in such games you may invest some money. but there is a high probability that you will lose them.

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Yes - my answer is yes. If I am talking in terms of investment then yes. Because you know about the people involved in this project. Learn about people's faith. Understand their future planning. Those people have really worked harder. And the whole project is plan functions.

ipanks

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It is hard to say Shiba Inu is a better investment than Dogecoin but if we say about the price, then Shiba can give you a big amount with little money than if you buy Dogecoin with the price now. Maybe Shiba Inu is another pump and dump coin as the other mention so if you want to involve in that game, you should prepare yourself and not blame other people if you miss the pump time. You will not know when the pump and dump come so you need to place your Shiba in the order buy or sell.

trauchot

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It is difficult for now to say which of these meme coins will be able to bring more income in the future, but recently the price of Dogecoin has grown very much and most likely we need to bet on Shib, but I think that these two meme coins will grow in price to new heights in the future, since these two meme coins are the most popular among meme coins, and lately there is a lot of noise around these meme coins, especially around Shib, so we can try to invest in both meme coins, since it is not known which of these meme coins will bring more profit, and the price of both meme coins is now still small and we can safely invest in them even minimally.

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Quote from: Novice08091 on October 10, 2021, 03:21:05 PM

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

You are right, both SHIB and DOGECOIN are memecoins. I think they really don't have too many outstanding utilities or solutions. Their value increased due to the sayings of famous people on twitter. If you invest in them for the long term, I think it will be quite similar to playing the lottery, with a lot of risk. Of course, if you want to day trade it can still be profitable

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Surprisingly, Shiba Inu and Dogecoin stand together today in coinmarketcap top. If I am correct, Shiba Inu yesterday was on a lower position (top11 on October 12). I had a small believe in Shiba Inu for a long time, but it looks like it is just waiting for an attention from someone popular in cryptocurrency. Then it will pump and dump. I would say that this is a trap, but the word trap does not really suit.

Of course Shiba Inu wont disappear after that pump, but I suppose it wont have new chances of price pumping. As an investment, it is too late to buy Shiba Inu imo. As analogues will appear in future.

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Quote from: Novice08091 on October 10, 2021, 03:21:05 PM

And they probably won’t be around in the next 10 years.

It's possible, but it could also be the other way because in my opinion as long as the crypto world is full of manipulators and continues to seek profit with strange things they will still be there to fulfill the desire of speculators to earn profits by continuing to pump and dump.
This question arises because in the past few days the Shiba Inu has been pumped quite high, but just wait untill the holder asks when the price will return to the high and this will be asked by more holders with a small amount.
No one of both is better, both be still meme coin and uses by dump and pump group to gain profit.

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Quote from: coinbitrade on October 12, 2021, 01:03:04 AM

I recommend doing so only if you do not feel sorry for your money. Because it's a lottery, no more. But there are people who will win it Wink

The one who won it was also due to the luck factor, nothing more than that,
because playing like the lottery didn't need to rely on anything other than the luck factor in it.

meldrio1

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Well I can not say Shiba is better than doge because Shiba is new in the crypto market while doge existed for many years.. Shiba is increasing because of Elon Musk tweets, I don't know if it can survive for long just like doge. About investment, for me meme coins are not good for long term investments but only for short term investments I guess because meme coins are known pumps and dumps.

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Quote from: Novice08091 on October 10, 2021, 03:21:05 PM

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

Actually, Dogecoin has a valid use case. It's been accepted in many casinos and it saved a lot of fees when both bitcoin's and ethereum's networks were clogged.
But today, it has changed due to the description that it got as a meme coin but as one, there's no way that another meme coin will surpass it. If you're a meme lover, you've got to love Dogecoin or if you want, you've got to love both of these memes.

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Quote from: bhooscream on October 11, 2021, 05:49:39 PM

For me, both are the same, no coin is better. Since Doge and SHIB are meme coins, there is no strong reason to have this coin for a long time. The price can freefall at any time. But if you want to take advantage of the hype, just choose which coin that is hyped currently. Nowadays, SHIB is more hype than Doge because it has some good issues. But remember that it is a very high risk to follow the hype, better to use small funds there.

I recommend doing so only if you do not feel sorry for your money. Because it's a lottery, no more. But there are people who will win it Wink

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Quote from: Maestro75 on October 11, 2021, 02:39:57 AM

Quote from: slaman29 on October 11, 2021, 01:49:22 AM

OK so no new opinions here but I just have to say that the strange thing for me is Elon Musk isn't being punished for his involvement in pumping all of these memecoins.

Why do you think he should be punished when no case has been established against him that he manipulated the market. Elon is an investor like every other investors and all wealthy investors have the tendency to pump and dump whenever they sell or buy because of the large quantities they do. Are we going to hold anyone accountable for buying and selling what belongs to them just because we do not like them? If we look at this truthfully we see that Elon is a businessman like many others and business people are in business to get profit. I do not think he has done anything wrong.

I don't think he should be punished. Look at the context of what I was saying

IF it was true that the US government forced him to say something bad about Bitcoin because he had been praising it in the past (according to the conspiracy theorists of course since his mining argument was nonsense), then they should also have stepped in when he promoted fake coins like Shiba.

I don't care what people do personally. Just saying I'm surprised the US government isn't using the opportunity.

blue Snow

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Quote from: Novice08091 on October 10, 2021, 03:21:05 PM

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

True, we have enjoyed the market, if you are a trader who wants to get the profits there's nothing wrong with entering. We shouldn't be hypocritical because at the end of 1 or 10 years from now a purpose of those all is only profit. But what for aren’t serious investors bought 6000 Trillion Shiba?

https://www.whalestats.com/transaction/ethereum/0x98e569139490f5ab98df7acb1d372530ce79acd3c79a3bfaa730028fc81eb94c

bhooscream

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For me, both are the same, no coin is better. Since Doge and SHIB are meme coins, there is no strong reason to have this coin for a long time. The price can freefall at any time. But if you want to take advantage of the hype, just choose which coin that is hyped currently. Nowadays, SHIB is more hype than Doge because it has some good issues. But remember that it is a very high risk to follow the hype, better to use small funds there.

2double0

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Doge had been here for years, so there is a chance you may still see doge in the game even after 2 decades but shiba will not be in the list of any exchanges after some time. There are so many highly-inflated supply coins which were bought in parts of cents, and when they rise a bit, traders cash in on them at 10x or 20 and some also give 50 to 100x, but shiba gave 350x (correct this if it's not true) and these coins have no use case. Doge is only 'barking' in the markets due to Elon Musk's support, and he will be the only person who will tank this coin.

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Quote from: Novice08091 on October 10, 2021, 03:21:05 PM

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

I would say that all we see is a market frenzy, but for coins like the Doge coin or the Shiba Inu it is a short-term coin and follows the passing of the hype. It is very important for me to invest in a worthy coin. I don't particularly like the short one, it's like a gamble. I think I should invest in long-term safe coins like: BTC, ETH, SOL, BNB, .... Currently BTC has recovered and I think this is my right choice because I bought it right away. BTC for $38k recently BTC price went up ~$58k that's amazing I think I made the right choice and here is a profit for that right choice.

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Quote from: finaleshot2016 on October 11, 2021, 07:45:09 AM

In terms of use-case, Dogecoin is far superior to Shiba Inu currency because it is accepted by a much larger number of merchants.

Shiba Inu is just another meme coin with no use-case and I'm sure no or just a few merchants take it as payment. Both of them increased solely due to hype, as a result of Elon Musk tweeting about it, and I believe it is not worthwhile to buy in either currency unless there is a hype about it.

at the moment, if we were to look through a percentage increase in value, Shiba is much more perspective than Doge. I don't think Doge can jump on 224.3% for a short time, like Shiba's last 7 days.
I am still holding some amount (currently locked on staking) and I'm waiting for an even more significant shift in value.
We should not be surprised if there is still significant hype around it.

Topic: Is Shiba Inu Coin a better investment than Dogecoin? - page 16. (Read 2212 times)