Is Shiba Inu still worth it? - page 8.

swogerino

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

I have also 30 million SHIBA INU but I have bought them in a set and forget move and I am only waiting for the next bull run.The next bull run will greatly increase the market capitalization for almost all the major coins and SHIBA is one of these coins because is always in the top 10 to top 20 most of the time,as such it will evaluate during the upcoming bull run.For the price if will rise this year I am not sure either but I know that if we keep and hodl the coins until at least 2025 I am sure we will see some nice increase in price as that is the maximum time I predict the next all time high will happen,at a maximum during the Q4 of the year 2025.

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

It's not worth it because it's a "meme" coin. There's also a large amount of tokens in circulation, which should be able to devaluate SHIBA over time. Shibarium is just a L2 network that will go hand-in-hand with the ETH blockchain. I don't get why so many people are hyped about it, when there are other L2 networks with real use cases for the world (mainly Optimism and Arbitrum). I know developers are trying to make Shiba Inu useful, but they're going to need to do a lot more if they want the token to go all the way to the moon.

Given the fact that SHIBA is a high-risk investment, I'd only put a small amount of money into it just to be safe. As long as you diversify your investment, there should be nothing to worry about. Just my thoughts Grin

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Quote from: uray on March 11, 2023, 05:24:22 PM

Quote from: Reid on March 07, 2023, 03:59:38 AM

~
Do remember, this is still a memecoin and I suggest to stay away from it, but due to it's popularity it became one of the good choice when we are talking about memecoins only.

This will always be a memecoin, but with the shitty price right now there is nothing wrong in holding a few hundred dollars worth of coins, you never know if someone would come up to hype up the coin and if there is a rally there is nothing to loose, so it is not a bad idea but then who knows how long this stupid meme coins will last as we already have a solid coin in Doge Wink

.

Just use the money that you are willing to let go in case that something is not right happen then you can quickly move forward and accept the risk that you take.

We don't know how the market will move and we all know that meme asset sometimes surprise the
traders and investors, with how unpredictable this venue was, you really needed to make sure that
you are willing to gamble with fate.

uray

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Quote from: Reid on March 07, 2023, 03:59:38 AM

~
Do remember, this is still a memecoin and I suggest to stay away from it, but due to it's popularity it became one of the good choice when we are talking about memecoins only.

This will always be a memecoin, but with the shitty price right now there is nothing wrong in holding a few hundred dollars worth of coins, you never know if someone would come up to hype up the coin and if there is a rally there is nothing to loose, so it is not a bad idea but then who knows how long this stupid meme coins will last as we already have a solid coin in Doge Wink

.

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Quote from: cafee_orange on March 11, 2023, 01:10:32 PM

shiba inu has a large community and great investors, it is possible that shiba inu will come back even better in the following years. if you want to invest in shiba inu then you should need to invest half of your assets, and the other half you should invest in potentially other altcoins like BNB, matic, and ethereum. according to me this is a good idea to maintain the value of your Assets

Having half of your portfolio in Shiba INU seems to me to be a dangerous advice. Everyone will agree that putting money in meme coins is like playing the lottery. Almost totally random.
From my point of view having a few tens of millions of Shiba inu can be worth the risk, it doesn't cost a fortune and if it pumps, you can make a nice profit.
But nobody has any guarantee regarding this coin, no certitudes about his future. Putting half of your portfolio in there seems to me excessively risky, if I were to have 50% of my assets in altcoins, I would definitely never go with meme coins.
I think that the risk analysis would not give anything positive about such a strategy. After all, that it's cryptos, nobody will ever know in advance who is right or who iswrong. I just can't imagine a configuration where Shiba would make a mega pump, without a parallel pump of the whole market. So we might as well limit the risk and maybe not count on it too much, it could lead to big regrets

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

shiba inu has a large community and great investors, it is possible that shiba inu will come back even better in the following years. if you want to invest in shiba inu then you should need to invest half of your assets, and the other half you should invest in potentially other altcoins like BNB, matic, and ethereum. according to me this is a good idea to maintain the value of your Assets

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Quote from: Hypnosis00 on March 03, 2023, 08:55:43 AM

I'm not going to say that Shiba Inu is just an ordinary meme coin but can take as well to think that it was worth enough to invest with.

But of course, Shib isn't a mere meme token. It's way beyond that, by my assessment of it. I believe there must be something the numerous exchanges see in it to warrant them rushing to list it that ordinary observers may not see. At a point Binance offered staking on it with other coins. I ain't sure that feature is still there any more as I didn't get to find it again (I just checked it now). Shiba Inu isn't a bad investment for me. However, like every other crypto investment, the caveat emptor of investing only what one won't miss should still apply.

Bollexz1

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Like the saying "Anything is possible" but in crypto, some things are not just possible. 100B Market cap for a meme coin with no use cases. It's good to be ambitious but don't go out of line.

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Quote from: Raflesia on March 08, 2023, 01:40:15 PM

For some people with the hope that there will be more pumps in the future it might still be possible, but for me personally I don't think they are worth it.
I don't really like waiting for lots of people to pump and dump because I think the risk is still too high in that case, so I prefer to play it safe.
It's fine to do that as long as you are sure there will be more raises in the future but if you can suggest I think looking for a clearer project would be more worth it.

There were some shiba inu supporters that were positive about the short term future of the coin but the current drop should smash those expectations, the market is facing a difficult time and it is barely holding above 20k, and it is even possible that level could be left behind and we could see 18k during the next days, and if that is the case you can be sure that FUD is going to take over the market and no one will be thinking about shiba inu and its potential to pump out of nowhere.

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Quote from: shinratensei_ on March 08, 2023, 06:16:58 PM

Quote from: abralzain17 on March 07, 2023, 03:49:45 PM

but I'm no longer sure about Shiba, I see Shiba Inu as playing with all its holders, besides that I see Shiba Inu as needing investors who have the most wealth like Elon Musk, without any tweets from Elon Musk then this Shiba doesn't mean anything. well, thus in my opinion the shiba inu is not worth holding for a long time

unfortunately it seems Elon Musk isn't gonna shill for any meme coins no more. you see his attempt has become kind of futile nowadays, his recent shill usually just made temporary bullruns but doesn't last for long, it just really different to the times when he was still at early stage of getting into cryptocurrencies where everyone quite literally following elon musk's path of investments that even following every of elon's tweet, gone has the days of considering every elon move as financial decision. now shiba could only depends on its own capabilities and innovation in improving its own ecosystem and value, which it seems shiba inu is doing quite poorly considering the fact that it has been stuck at around this valuation.
if any, shiba gonna need to wait until next bullrun that is when meme in general have higher chance of getting the flow of investments that's with a big IF a meme coin trend even exists in the first place.

His latest shill was about that Floki Inu memecoin which it did really result into sudden surge or bullish trend on that particular coin but it isnt last long considering now that the hype is already depleting or simply

gone which it isnt really that surprising on this case.I do heard off that he's not into meme coins anymore but focusing on AI? If this is the case then i dont see that memecoins would be having
those shill anymore from him, but who knows?

We dont know on whats up on Elon's mind and this is why its really that unpredictable on whatever he's planning to do.

shinratensei_

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Quote from: abralzain17 on March 07, 2023, 03:49:45 PM

but I'm no longer sure about Shiba, I see Shiba Inu as playing with all its holders, besides that I see Shiba Inu as needing investors who have the most wealth like Elon Musk, without any tweets from Elon Musk then this Shiba doesn't mean anything. well, thus in my opinion the shiba inu is not worth holding for a long time

unfortunately it seems Elon Musk isn't gonna shill for any meme coins no more. you see his attempt has become kind of futile nowadays, his recent shill usually just made temporary bullruns but doesn't last for long, it just really different to the times when he was still at early stage of getting into cryptocurrencies where everyone quite literally following elon musk's path of investments that even following every of elon's tweet, gone has the days of considering every elon move as financial decision. now shiba could only depends on its own capabilities and innovation in improving its own ecosystem and value, which it seems shiba inu is doing quite poorly considering the fact that it has been stuck at around this valuation.
if any, shiba gonna need to wait until next bullrun that is when meme in general have higher chance of getting the flow of investments that's with a big IF a meme coin trend even exists in the first place.

Raflesia

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For some people with the hope that there will be more pumps in the future it might still be possible, but for me personally I don't think they are worth it.
I don't really like waiting for lots of people to pump and dump because I think the risk is still too high in that case, so I prefer to play it safe.
It's fine to do that as long as you are sure there will be more raises in the future but if you can suggest I think looking for a clearer project would be more worth it.

BigBos

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Quote from: abralzain17 on March 07, 2023, 03:49:45 PM

but I'm no longer sure about Shiba, I see Shiba Inu as playing with all its holders, besides that I see Shiba Inu as needing investors who have the most wealth like Elon Musk, without any tweets from Elon Musk then this Shiba doesn't mean anything. well, thus in my opinion the shiba inu is not worth holding for a long time

As you said most likely Shiba inu is not worthy, but I think if to be a daily trader and again shiba inu news will launch its Blockchain, namely shibarum I think it is worth taking advantage of that moment to get some benefits from the hype of the launch of shibarium, we know that shiba inu has a large community so it's probably worth it in the short term, but in the long term I think I think the same way as you. Regarding Elonmusk, I don't think he will have any more influence on the market, especially after the throne of the richest man, he is no longer at this time and judging by the response of people on social media, they no longer pay attention to what he says.

Pamadar

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Quote from: Kelvinid on March 08, 2023, 05:10:36 AM

Quote from: abralzain17 on March 07, 2023, 03:49:45 PM

but I'm no longer sure about Shiba, I see Shiba Inu as playing with all its holders, besides that I see Shiba Inu as needing investors who have the most wealth like Elon Musk, without any tweets from Elon Musk then this Shiba doesn't mean anything. well, thus in my opinion the shiba inu is not worth holding for a long time

Elon Musk has no participation with Shiba Inu, only for Dogecoin. If you think that Shiba Inu is useless, then was your take but many investors were still investing in this project despite the risk. Might you be right that this will become worthless in the future but nobody knows exactly, we never know if this is even more profitable than those leading altcoins? With that fact that Shiba is still hot in the market, it is possible to see this will stay long and gain more interest to the investors.

Speculative investors will always take the risk if they still seeing interest from the market, we don't exactly sure what future will be for this asset and how the investors and the traders will play along the way.

If you are not a fan of speculative type of investment better to pick solid asset inside top 10 coins
and wait for the bull run and see if you can earn your target pofits.

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Quote from: abralzain17 on March 07, 2023, 03:49:45 PM

but I'm no longer sure about Shiba, I see Shiba Inu as playing with all its holders, besides that I see Shiba Inu as needing investors who have the most wealth like Elon Musk, without any tweets from Elon Musk then this Shiba doesn't mean anything. well, thus in my opinion the shiba inu is not worth holding for a long time

Elon Musk has no participation with Shiba Inu, only for Dogecoin. If you think that Shiba Inu is useless, then was your take but many investors were still investing in this project despite the risk. Might you be right that this will become worthless in the future but nobody knows exactly, we never know if this is even more profitable than those leading altcoins? With that fact that Shiba is still hot in the market, it is possible to see this will stay long and gain more interest to the investors.

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Quote from: Reid on March 07, 2023, 03:59:38 AM

It's worth the investment at early inception but right now it's a scary thing to invest with. They may have a chain that is linked to them namely Shibarium but there's still no assurance it would increase the value of it. There's a chance it won't. Expect more from the burning that they do, when the total number of coins gets lower then it could be for the better of their investors who have put their trust since Day 1. Do remember, this is still a memecoin and I suggest to stay away from it, but due to it's popularity it became one of the good choice when we are talking about memecoins only.

Without a doubt investing in shiba inu on its earliest stages was a good idea, however there were so many meme coins being created each day that it was impossible for anyone to know that shiba inu was going to be one of the meme coins that skyrocketed, but since it happened once people are assuming that it can happen a second time, and I think there is a possibility this is the case, but with the market cap of shiba inu being so high the profits are not going to be as good as they were in the past.

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

I think shibainu coins are very valuable. Maybe you have invested from a higher market. Shibainu is currently dumping as all markets are dumping. But don't worry about it if you need to wait for a long time. When Bitcoin takes a good position, you will see that your shibainu has created a very good position. Or you can hold your investment till 2025 and you will see big success.

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but I'm no longer sure about Shiba, I see Shiba Inu as playing with all its holders, besides that I see Shiba Inu as needing investors who have the most wealth like Elon Musk, without any tweets from Elon Musk then this Shiba doesn't mean anything. well, thus in my opinion the shiba inu is not worth holding for a long time

Reid

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It's worth the investment at early inception but right now it's a scary thing to invest with. They may have a chain that is linked to them namely Shibarium but there's still no assurance it would increase the value of it. There's a chance it won't. Expect more from the burning that they do, when the total number of coins gets lower then it could be for the better of their investors who have put their trust since Day 1. Do remember, this is still a memecoin and I suggest to stay away from it, but due to it's popularity it became one of the good choice when we are talking about memecoins only.

FireDAOJackie_Z

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Quote from: AakZaki on March 03, 2023, 10:37:34 AM

I also own several million Shiba Inu and I still hold them today. If you can afford to hold it long term, I think it's still pretty decent. We'll see how it develops. Shiba Inu developers continue to develop shiba as much as possible and the release of a shibarium or several shiba games is certainly a good sign. Just hold on while you still can, don't sell at a low price. But the final decision is your responsibility.

I have a theory: once you begin to doubt something, you have already made up your mind. OP's question seems like an open question but I think personally, he already has his own answer. Shiba Inu will collapse soon or later as the hype is over but the thing is you have to understand when to sell and be positive. Nothing convinces you more effectively than your own fear and doubt. Choose and stick to your decision. Each of us should.

Topic: Is Shiba Inu still worth it? - page 8. (Read 1453 times)