Is Shiba Inu Coin a better investment than Dogecoin? - page 17.

Anguwa

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Quote from: Novice08091 on October 10, 2021, 04:21:05 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 really thought about these projects, both dodge coin and shibainu coin as u said are meme coins, but nothing is impossible in cryptocurrency as any of this coin might be well in crypto and might have a great future. So nevertheless they might be dead in 10 years time and at the same time it might do well in future.

dupee419

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Frankly, Shiba Inu coin, in my opinion was built just to be another meme coin, though it doesn't clearly speak out its benefits, I think Shiba Inu can be better if they start improving their use-case, and comparing these two memecoins, I honestly think that DogeCoin will still be here 'til the next decade.

Doell

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shiba reflects the doge of the past ,I hate to admit it but shiba is now more popular than the doge in the beginning ,maybe because the crypto population of society is growing nowadays ,well for the next 10 years the doge will still exist maybe shiba also because it is traded on many famous exchanges ,this coin are still there even until you are old ,because they are not real objects not food which can expire and do not live run on their own

mdzahed134

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If compared i think both of meme coins. Doge is surviving for long time if i am not wrong this coin back in 2013, So i think it’s have a bit solidity than shiba and a lot of major partnership and investors too. But still i can't predict about Shiba coin because it’s a new hype meme coin but there are no proper utility.

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Quote from: Novice08091 on October 10, 2021, 04:21:05 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'm not sure Shiba INU can survive like Dogecoin survived before. Dogecoin has gone through a long process, both in crisis market conditions and the previous bull run market. However, Shiba INU was present at a time when the market was improving, so the guarantee to survive well in the future was still questionable.

adiebitsler

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Quote from: BuyingBitcoin on October 11, 2021, 10:41:04 AM

The same demographic under 30 years old that bought GameStop and AMC stocks are the same demographic that buys NFTs, Dogecoin and Shiba Inu for years to come.

Can you confirm this for next year? because I'm still not sure about it at this point even though you've said it, because maybe next year he will find an excuse for something else when things aren't as expected.

BuyingBitcoin

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The same demographic under 30 years old that bought GameStop and AMC stocks are the same demographic that buys NFTs, Dogecoin and Shiba Inu for years to come.

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Quote from: danherbias07 on October 11, 2021, 04:22:37 AM

Bought like 60 dollars worth of Shiba Inu back when it is still at a low price. The time when Bitcoin was also dumped by Elon Musk.
Kept it for like 2 months with around 4M amount of Shiba Inu coin but I recently sold it already. Right now, that's all we can do, take advantage of the price fluctuation and make profit out of it.
You said it, the project won't last because there is nothing there, it's a blank project actually. We don't need to keep it for long term investment but instead make the most out of it while it last.

In the last few days the price of the shiba inu has experienced a fairly large price increase in the market due to a tweet by Elon musk, frankly I'm a little sorry that I sold it some time ago before the increase occurred, nowadays many people are getting tremendous profits from the belief they hold the shiba inu and some even reportedly made a profit of more than $217 million with just $1000 of capital when they bought it at the beginning of the shiba listing in market.

finaleshot2016

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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.

mu_enrico

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In this pump-and-dump sphere, buying these coins isn't considered an investment, but more of a speculation. So your question would be "Is SHIB a better speculation than DOGE?" well, maybe! This coin may get pumped harder than DOGE, but it doesn't mean it is an investment since I even think that DOGE wouldn't be exist in the next 10 years, let alone SHIB which has no purpose, no utility, nothing. Only used as a meme and pump-and-dump at best.

masterrex

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Quote from: Novice08091 on October 10, 2021, 04:21:05 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 agree with you Mate, but I think we just leave the decision to every one of us because it's our prerogative to participate and invest in the platform that we think we can grow our money then and Shiba Inu and Dogecoin are both the same they are both meme coins so why we should compare them, IMO, both are good for the short term but just make sure you are aware of the risk accompanied in it.

Jackl87

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Quote from: Novice08091 on October 10, 2021, 04:21:05 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 basically agree with you on all the points that you are saying except for one. I am pretty sure that Dogecoin will still be here in 10 years and also in 20 years. I mean if you take a look then you will realise that dogecoin is already around for almost 8 years now and if you look at the price devlopment then you will see that it was never more successful than in the last 6 months, so i don't see a reason why Dogecoin should not still be there in a few years. That being said i totally agree with you, that those projects offer zero use case and i also think that they are harming the whole crypto market overall. I mean which investor can take cryptos serious if there are still launching dozens of new meme-coins every day for the last few months now and 99% of them are completely dead within a few weeks.

terciduk123

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Both are the best meme coins and are already traded on Coinbase. Even coins with real projects are not necessarily tradable on Coinbase. It looks like both will have a long life as they already have a strong community and a very large trading volume.
I can't say Shiba Inu is better or worse than Dogecoin, because both have their advantages and disadvantages, but both are worth buying when corrected.

danherbias07

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Bought like 60 dollars worth of Shiba Inu back when it is still at a low price. The time when Bitcoin was also dumped by Elon Musk.
Kept it for like 2 months with around 4M amount of Shiba Inu coin but I recently sold it already. Right now, that's all we can do, take advantage of the price fluctuation and make profit out of it.
You said it, the project won't last because there is nothing there, it's a blank project actually. We don't need to keep it for long term investment but instead make the most out of it while it last.

Maestro75

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Quote from: slaman29 on October 11, 2021, 02:49:22 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.

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Quote from: David Mcay on October 11, 2021, 02:01:41 AM

Yes Shiba Inu is better from my point of view they are launching recently Shiba swap and this kind of more projects this year. but These aren’t serious projects for real investors there are many projects you can invest in.

Shiba is only interested for a moment and is not prioritized for the long term, so there is no need to force the will to own Shiba in the long term, because such projects will always exist in the future with the same hype.

slaman29

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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.

Remember when people speculated that he was anti Bitcoin because the SEC didn't like him supporting him?

Well it doesn't then explain why he's Doge here, Shiba there, and et cetera.

Maestro75

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Quote from: Novice08091 on October 10, 2021, 04:21:05 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.

How will you know that they will not be around in the next 10 years? Shiba can even turn to $1 by then from the way it is rising now. Just take a look at the numerous exchanges that have listed it and you will understand that it is not a coin with unserious team behind it. But if am to choose between it and dogecoin, I will choose Doge anyway. Because Dogecoin has a history of been there for years in cryptocurrency and it is not going to disappear. When we look at it very well we can realize that we do not even need 10 years to make profit on an investment. How many people wait that long to take profit.

bakasabo

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I think a lot depends on in what time frame you compare. First of all Shiba Inu appeared thanks to Dogecoin. Right now, Dogecoin seems to be forgotten by everyone, while Shiba Inu get pumps from time to time. But, Dogecoin has sort of a reputation and a decent marketcap. Shiba Inu can easily disappear or drop a lot of positions in top when another meme coin appears or Elon tweets something new.

My opinion will be that Shiba Inu is way more risky investment, while Dogecoin is a better long term investment. But personally I would not invest in them, as their growth is connected with pure luck only.

poodle63

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Quote from: Novice08091 on October 10, 2021, 04:21:05 PM

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.

Agreed but speculative asset can't be considered as use case. People are buying those coins are only to get the capital gain and no more. The use case should always be related to the usefulness of token for something that gives benefit to the its holders or users other than capital gain.

Quote from: Novice08091 on October 10, 2021, 04:21:05 PM

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.

Your statement was correct but it seems like the development of shiba is quite active compared with doge coin. Doge has no utility usage but remember shiba build in ethereum platform. It's a bit different caused by the shiba developers can create defi or a new product to be used for shiba token. This will be adding more life time for shiba inu but both were speculation assets at this moment.

Topic: Is Shiba Inu Coin a better investment than Dogecoin? - page 17. (Read 2156 times)