Is Shiba Inu Coin a better investment than Dogecoin? - page 3.

Abiky

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Quote from: magneto on January 14, 2022, 05:17:11 PM

First of all, good on you for recognizing that they are mere speculations.

In addressing hype potential I think that Doge has way more long term upside due to the fact that:

a) It came earlier compared to SHIB
b) It has a much stronger brand image compared to SHIB and
c) It actually has some use case since it has its own chain, rather than being a mere "token".

Exactly. Dogecoin has all the chances of winning, simply because of its established place on the market over the years. It has its own blockchain network and a huge community backing it every step of the way. As you said before, SHIBA is only a mere token built on an existing blockchain network. Without its own chain, I fail to see how SHIBA will succeed in the long run. It's all fueled by hype rather than real use cases in the mainstream world. Dogecoin is also fueled by hype, but it has greater chances of survival because of the reasons mentioned earlier. I'd focus more on serious cryptocurrencies like Bitcoin and Ethereum as the risk of loss is small. As long as you don't invest more than what you're willing to lose, you'll have nothing to worry about. Just my thoughts Grin

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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.

First of all, good on you for recognizing that they are mere speculations.

In addressing hype potential I think that Doge has way more long term upside due to the fact that:

a) It came earlier compared to SHIB
b) It has a much stronger brand image compared to SHIB and
c) It actually has some use case since it has its own chain, rather than being a mere "token".

uneng

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Neither of them are good investments in my opinion. Doge is too expensive already and its hype over, while Shiba is just a blatant copy of Doge (the original memecoin) in an attempt to take a piece of the initial hype.

If you are a serious investor who wants to stay in crypto market for long term and solid gains you need to look for better alternatives that go much beyond "playing with your money".

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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.

Why, any coin that is doing well can not fails to do good, if you want to own them, go ahead and own them because this coins are the that gives money than bitcoin, because when you buy them when the coin is low and if you grow you will make a huge profit, no coin that is not good for long time investment, the more you invest on them the money come's

Jonyshake71

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Its insane to looking for better invest Between meme coins doge and shiba while actual best coins are available for investment. you already know their future isn’t much bright. I think both of those Should be avoided cause already so high and its time to dump Only.
such meme coins will come and vanished. Accepted for payment method, big partnership are just a way for keep on hype. This is my personal thought.

Abiky

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Quote from: jpaul on December 22, 2021, 09:23:47 AM

Dogecoin is rank#12 and Shiba Inu is rank#13 by coinmarketcap as of December 22, 2021. A very close fight. On a question of which is better for investment? For me, both of them are good. But again before putting your money you need to do some research about them so that your decision will be well guided.

Market cap tells nothing about a coin, other than its current valuation in terms of Fiat. Just because a coin is within the top ranks in market cap, doesn't mean it's successful. SHIBA INU and Dogecoin are only at the top ranks in market cap simply because they have a large number of coins in circulation. Multiply the current price (in USD) times the number of coins in circulation and you'll see what I'm talking about. What really makes a coin successful is its proven track record of development and innovation. But what is really important is the level of usability of the coin in question. If the coin you're investing into isn't useful at all, you'd be wasting your time.

Both SHIBA and DOGE were created as "meme" cryptocurrencies, so they're only driven by hype. They're purely-speculative cryptocurrencies with no substance to them. I'd focus more on serious coins like Bitcoin and Ethereum than SHIBA or DOGE. Long-term speaking, you'll make a lot more money holding BTC and ETH than holding any of the aforementioned "meme" coins. As long as you don't spend more money than what you can't afford to lose, you'll have nothing to worry about. Just my opinion

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Quote from: Mehedi72 on December 26, 2021, 03:01:20 PM

I Spend time to analysis on that but they are so much expensive right now. Doge and shiba rank is 12th & 13th respectively. I doubt, buying any those from this position mayn't good decision for me.

The price of Dogecoin has dropped from its former high price of $0.7 so if you think that's a good price, maybe taking the opportunity to get is the key and what you need to have if you're wanting to have a memecoin like dogecoin.
And that's the same with shiba inu, the price has dropped dramatically too.

Quote from: Mehedi72 on December 26, 2021, 03:01:20 PM

But recently i heard shiba is going to used by many large organisations. So i can consider shiba for investment.

Verify that first because it can be an hearsay that will never happen or it can really be.

Mehedi72

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Quote from: Fredomago on November 26, 2021, 02:18:39 PM

By far Doge is more established compared to Shiba, it's been long-standing coin but we don't know what would be the fate of Doge, same concept with Shiba but this new one are being driven by investors who entrust their money to the team.

But It's a wonder that doge still hold its rank tightly when it still doesn't have any real use. Maybe investors still has positive exception about doge. but as you told, the fate of doge is totally unknown.

Quote

Use your time before deciding both have the chance to continue to grow You can buy more with less investment in hope that it will grow and bring decent profits.

I Spend time to analysis on that but they are so much expensive right now. Doge and shiba rank is 12th & 13th respectively. I doubt, buying any those from this position mayn't good decision for me. But recently i heard shiba is going to used by many large organisations. So i can consider shiba for investment.

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Quote from: jpaul on December 22, 2021, 09:23:47 AM

Dogecoin is rank#12 and Shiba Inu is rank#13 by coinmarketcap as of December 22, 2021. A very close fight. On a question of which is better for investment? For me, both of them are good. But again before putting your money you need to do some research about them so that your decision will be well guided.

Personally, I see this more in terms of lifespan and also more on the important things that exist in both of them where Shiba Inu tokens have not developed their wallets because they are still very new in the cryptocurrency space while for Dogecoin it is the oldest memecoin that has been around for a very long time in cryptocurrencies with some good updates and the rankings that happened to both of them are also not new for now because it's been almost a month they are both ranked 12th and 13th in coinmarketcap

jpaul

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Dogecoin is rank#12 and Shiba Inu is rank#13 by coinmarketcap as of December 22, 2021. A very close fight. On a question of which is better for investment? For me, both of them are good. But again before putting your money you need to do some research about them so that your decision will be well guided.

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I think not anyone say easily that this coin is best and this coin is best according to my theory both coins is best DOGECOIN is best and the SHIBA INU is already best but in this time many people support and buy a SHIBA INU so in this type support you see so that situation we say that Shiba Inu is best compare to DOGECOIN.

Abiky

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Quote from: Pamadar on December 10, 2021, 12:54:26 PM

I see exactly your point and it's valid if you are aiming for an asset to work and play with the market.

Meme or shit are those who you can take advantage, the hypes mostly happen in a short run. If you know how to deal with it, gaining a good amount of profits is very possible.

All you need is to follow the movement and check if there's update or if there's movement that unusual. Riding with the train is not always profitable. Make sure also that you are willing and ready to lose your investment.

Of course. If you know how to play your cards right, then it's possible to make some profit out of any "meme" coin within the short term. I wouldn't advise anyone to invest into Shiba Inu or Dogecoin for the long term, simply because the risk of loss is too high. These coins are only driven by hype without providing any real "substance" to the mainstream world. After all, whales and other big players manipulate "meme" coins' prices for their own advantage. They're only good as a short-term investment or as a means to introduce newcomers into the world of crypto. As I've said many times already, there are far better coins on the market with greater features and added scarcity. The crypto market changes at a fast pace, so it'd be wise to diversify your investment into other coins just to be safe. As long as you don't spend more than what you're willing to lose, you'll do fine in the long run. Just my thoughts Grin

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Quote from: Godwinpaul on December 10, 2021, 08:56:01 PM

I'm of the opinion that Shiba inu is yet to see her ATH, and could be a good option for speculative investment as compared to dogecoin. The truth is that dogecoin has done her best and we enjoyed it while it lasts. I still hold dogecoin but I don't see a pump coming anytime soon.

It would be very risky to predict what the future holds for these two coins and what the future prospects are. There is certainly a lot of doubt about how well these coins will perform in the current market trends because when the trend changes in the entire market, traders, investors become interested in booking profits. So in the market these coins can also go into negative trend so that it can create bad situation for investors.

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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.

Both are really meme coins, but I think SHIB is more better than Dogecoin in my own view only. Although, Dogecoin was one of the pioneering altcoins here in crypto space, but its price value goes up only when Elon Musk promoted it at twitter, same goes with Shiba but even is like that Shiba Inu I guess has a lot of use compared to Dogecoin.

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I'm of the opinion that Shiba inu is yet to see her ATH, and could be a good option for speculative investment as compared to dogecoin. The truth is that dogecoin has done her best and we enjoyed it while it lasts. I still hold dogecoin but I don't see a pump coming anytime soon.

nurulhmani1280wat

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Shiba Inu is one of the best coins already traded on several exchanges. Even coins with a lot attract investors. It seems that both are long term coins as they already have a very serious and strong development team.
I can't say Shiba Inu is better or worse than Dogecoin.

Jaered

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These days Shiba is trumping Dogecoin on the use case race. There is a swap and the mainstream adoption is gathering speed even with the setback it received and dumping to half its all time high. That is the edge it holds

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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 think it's too early to predict which meme coin is better than the other, between Dogecoin and Shiba Inu at the moment. The meme coins are highly speculative assets thus people buy them regardless of their features. They grow based on pure market speculations and momentum. If we look at this year 2021 between the two meme coins, then Shiba Inu is no doubt the better investment but we don't know what is going to happen tomorrow.

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Doge has shown that a large part of the users who access the world of cryptocurrencies do so for a trend rather than an analysis, and by the way it does not require a deep knowledge or even experience with cryptocurrencies to determine a priori that certain projects are true "raffles", doge may be the best representation of that, it has been since its inception and in a certain way is the pioneer of a group of alts that far from disappearing are in trend.

Shiba is nothing more than following that guideline rather than representing a project with a sense of there is something beyond a simple meme, but in the practical reality of the current market where these types of investments coexist, they are an eventual part of a consumption by an important group of users, the current unreal price of the Doge is the dream of any user who owns a meme in its tokenized version, that idea or easy thought has led Shibu to rank in the top 10 and stay in the top 20 according to its market cap.

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Quote from: harizen on December 10, 2021, 03:41:36 AM

Quote from: ?? on ??

And the biggest risk is choosing a meme token that doesn't have a clear product use at all like Shiba Inu, so I personally am still very hesitant to choose it until now, especially during a moment of price decline like today.

For the purposes of "only-trading", traders don't really look at the real use-case of a certain coin regardless if it's tagged as sh*tcoin, dead coin, or meme coins. As long as the hype is there, the volume is good, the daily market cap is increasing, it was a candidate for a good coin to trade for short-term.

Don't take Shiba or Dogecoin as an investment where you will do a long-term hodl. They should be traded and take advantage of the price swings. Not unless your DYOR really tells you that these meme coins are worth holding, then it's your choice to hodl them for long.

I see exactly your point and it's valid if you are aiming for an asset to work and play with the market.

Meme or shit are those who you can take advantage, the hypes mostly happen in a short run. If you know how to deal with it, gaining a good amount of profits is very possible.

All you need is to follow the movement and check if there's update or if there's movement that unusual. Riding with the train is not always profitable. Make sure also that you are willing and ready to lose your investment.

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