Topic: Shiba is worth the risk (Read 495 times)
your suggestion is not that bad but the question is? are you sure to offer investment in shiba when it has reached its peak? maybe it's good to buy when in March - May it's a good chance because it's very cheap. while the current price of SHIBA has gone up thousands of %, if you buy at a high price then the profit ratio is very small and the risk of loss is greater. but all decision depends on you.
^^Exactly, with an uncertain future, it will be under a question what will be the price after few years. For meme coins, there are tons of alternatives you can make your choice and invest in one project that can be a potential gold. Shiba ecosystem still needs minor improvements, especially transaction fees are insane nowadays. Using Shiba for gambling suits its existence more, it doesn't make difference with another meme coin tbh. Do your small research and find which altcoins are worth putting your money in.
I am gambling with Shiba, Doge and similar tokens from time to time, without expecting anything. That's very risky and I don't call this investing. But this is fun and sometimes you can make x5 easily - why not?
If you are not expecting anything, why not? It is like you are just gambling here what you can afford to lose.
But for some who are using their lifetime's savings just to buy these hyped coins, better think not only twice but many times.
I am not against people who are into these coins, but hopefully, they know what they are getting into.
With uncertain future of meme tokens, you have no assurance if your initial investments can ever get back.
I am gambling with Shiba, Doge and similar tokens from time to time, without expecting anything. That's very risky and I don't call this investing. But this is fun and sometimes you can make x5 easily - why not?
The reason why Shiva is not getting a good market in a few days is because Shiva will reach a good place one day. I think it is because Shiva is far ahead than before.
There are many coins out there that can also come out with the claim of using Dogecoin as a case study to prove a point. Though like is said there is no harm in trying something new but no matter how much we are talking about investment is an investment and you don't want to lose
Indeed there are many choices, even those that already exist in the market today are almost 13k cryptocurrencies, but we must be selective in choosing coins that have good potential for profit, in my opinion Shiba is a promising coin because profit opportunities from various sources believe Shiba will enter a positive trend in the world in this year.
There are many coins out there that can also come out with the claim of using Dogecoin as a case study to prove a point. Though like is said there is no harm in trying something new but no matter how much we are talking about investment is an investment and you don't want to lose
Many hesitated to buy Dogecoin all in the name of ( it's meme coin ) and today Dogecoin is 0.25$, something we believe to be impossible in 2017-2019, I was once a 1million + doge coin owner until I sold too early, yea I know Elon musk pumped the coin but think about what a million doge coin would have turned your lives into right now if you bought at 0.00+++, my advice is a million shiba inu won't cost you more than 20-40$ as we speak, that's kind of money everyone can afford to lose, if altcoin season is going to be like 2017ish period this shit coin can surge up to the impossible level
I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
Well, investing in Crypto itself is risky, but when it comes to these meme coins the risk gets doubled, as these meme coins as the name suggest, they are created for fun, they don’t have a strong foundation and for a specific purpose. Still, you can gamble with it… as you said 20-40 $ isn't that big of a price to lose
Many hesitated to buy Dogecoin all in the name of ( it's meme coin ) and today Dogecoin is 0.25$, something we believe to be impossible in 2017-2019, I was once a 1million + doge coin owner until I sold too early, yea I know Elon musk pumped the coin but think about what a million doge coin would have turned your lives into right now if you bought at 0.00+++, my advice is a million shiba inu won't cost you more than 20-40$ as we speak, that's kind of money everyone can afford to lose, if altcoin season is going to be like 2017ish period this shit coin can surge up to the impossible level
I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
there was very little chance that something like Doge would repeat itself to Shiba but right now so many people hoped so. future no one knows.I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
if it's just to waste a little money without thinking it will come back I totally agree to buy some Shiba coins, but the thing to remember is never to risk a lot of your money because it is very dangerous.
I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
Look, this sounds like great advice on its own. But it's flawed in at least 2 angles I can think of.
The first, is the amount that you suggest is worth nothing. $40 won't take your life away sure but in some parts of the world it's more than 1 week of salary working every day. In MY part of the world. Back where I come from, that's 2 months working every day no weekends. So it's not the amount, but how much of your income you are willing to put in.
The second, is the assumption that this is the only coin you'll ever throw $40 into. Once you get into the habit of gambling you think, well, $400 for 10 random memecoins, surely 1 of them must moon x100 right? False. It's just gambling. Pretty soon, you drop 10 coins $400, you'll drop double that the next month.
When you could have used $40 a whole year and get $480 of BTC via DCA.
Exactly. We can see how promising the rise of Shiba Inu is, the price can keep rising up in only a few days. The price can really reach a high rate at that time. I personally also got some profits from it. But I cannot hold them for a longer time because it is true that Shiba is also very risky.
The risk is like the hype coin where it can pump so easily but can also drop very easily.
That si why we must be careful when playing with this kind of coin or token.
The risk is like the hype coin where it can pump so easily but can also drop very easily.
That si why we must be careful when playing with this kind of coin or token.
Exactly, bro. I am fully hesitant to hold the SHIBA INU token for fear of becoming a hype token. Nothing can be said about what happens when in cryptocurrency. It can reach the moon then it can also throw it on the ground. However, in my opinion, one should invest in a small range and not in a very large range. Because we've seen many shit tokens go to the moon.
Before making a purchase decision you should check the coin chart. In this case you can see that here is the classic pump scheme and after the dump in action. If you just want to speculate and earn then this coin at the moment is likely to reduce your position by a distance rather than increase it.
Meme coins are only suitable to be chosen in the short term duration, because they are not intended for the long term, because considering things like you said, namely Dump after the completion of the pump, so the risk of holding it in the long term is very large....
I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
If EM will announce it on soical media that will surely get a massive buying demand as they think of the same scenario to Dogecoin before but we hear nothing from him yet and we don't know if he will shill another meme coin again. That something looks very interesting. I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
Anyways, the SHIB Inu project grow to the highest level without EM, I really don't think if the developers want him to ruin the project as he did to Doge. I guess, EM must have to stay away from crypto anymore, he can still invest but I suggest not to shill any projects as it helps to retain respect to him.
Exactly. We can see how promising the rise of Shiba Inu is, the price can keep rising up in only a few days. The price can really reach a high rate at that time. I personally also got some profits from it. But I cannot hold them for a longer time because it is true that Shiba is also very risky.
The risk is like the hype coin where it can pump so easily but can also drop very easily.
That si why we must be careful when playing with this kind of coin or token.
The risk is like the hype coin where it can pump so easily but can also drop very easily.
That si why we must be careful when playing with this kind of coin or token.
I don't think Elon Musk will popularize Shiba like Dogecoin. Indeed $ 20-$ 40 is nothing when calculated with our daily needs, but there is another value that must be taken into account behind the figure. If you compare Shiba with Doge, it's not right for me. In terms of categories, Shiba and Doge are clearly different.
Elon Musk is a smart person in my opinion, of course he has views that I don't think are comparable to the way we analyze the future of coin.
Elon Musk is a smart person in my opinion, of course he has views that I don't think are comparable to the way we analyze the future of coin.
Both Shiba and Doge is same, its only a community coin/ token, but Doge is older and also have its own chain, so Doge value probably would be higher compared to Shiba, but who knows if Shiba can keeps grow and passing Doge in the future.
I'm not going to fall for it; I want to be cautious right now because some of the cryptocurrencies available are quite dangerous. We all know that the pump was only brought about because of the hype made by Elon Musk, thus I don't think it will continue to pump until they keep hyping. Everyone should learn from Doge, and we all know what occurred recently, so be cautious; it all started with Doge, and he targeted BTC and fud appeared; now Shiba is being hyped, and everyone is taking profit or trying to break even and get out of the misery they've been in. Those new investors of SHIBA will definitely the new generation of investors that will stay for a long time without gaining something, I mean it reaches the current value due to hype so what if the hype is gone, downfall might occur, we are very unsure of what will happen so be careful.
For you it may worth the risk. However not everyone has to believe what you believe and we could have things that we disagree with and that is not going to change. In the end I have my own views and you have your own views and that is going to keep staying like that. I believe that shiba is a shitcoin that will go to near zero levels.
It is very very hard for crypto currencies to go to a level where they are zero and that is why I do not believe that it will be exactly zero but it will definitely reach to a level where it is near zero, like 100 satoshi or something and will make everyone who holds it lose incredible amount of money and some will buy even more hoping it will go up and it will not reach there. However, I am not telling people to do whatever they should do, I am just saying this is my own portfolio situation and you can buy as many as you want.
It is very very hard for crypto currencies to go to a level where they are zero and that is why I do not believe that it will be exactly zero but it will definitely reach to a level where it is near zero, like 100 satoshi or something and will make everyone who holds it lose incredible amount of money and some will buy even more hoping it will go up and it will not reach there. However, I am not telling people to do whatever they should do, I am just saying this is my own portfolio situation and you can buy as many as you want.
Perhaps this shitcoin could have been bought when it was worth $ 0.00001. You are now offering to buy it at a high price.
Every day the price of some shitcoins increases several times and falls, you will not be able to earn on all price increases.
Therefore, sometimes it is better not to make money than to lose money when investing in shitcoin.
After hardly got pumped, I also feel like I must have bought when it was trading around $0.00001 and definitely not right now. Because, it may get dumped at any time and people who are trying to catch a falling knife may never see the recovery of prices there after. Yeah, this is how usually all the pumps and dumps are happening. Every day the price of some shitcoins increases several times and falls, you will not be able to earn on all price increases.
Therefore, sometimes it is better not to make money than to lose money when investing in shitcoin.
First they will work hard to make you believe and then will start showing you cheaper prices than ATH with small pumps time to time. Finally will dump hard and then whales will never get back to here as they will make themselves busier with another shitcoin for the same above formula.
Many hesitated to buy Dogecoin all in the name of ( it's meme coin ) and today Dogecoin is 0.25$, something we believe to be impossible in 2017-2019, I was once a 1million + doge coin owner until I sold too early, yea I know Elon musk pumped the coin but think about what a million doge coin would have turned your lives into right now if you bought at 0.00+++, my advice is a million shiba inu won't cost you more than 20-40$ as we speak, that's kind of money everyone can afford to lose, if altcoin season is going to be like 2017ish period this shit coin can surge up to the impossible level
I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
Dogecoin should be thankful to Elon musk for his influence statically the chance before Elon musk influenced dogecoin was 1/10 but somehow luckily he did and dogecoin with electrically exciting. Dogecoin was so exciting that the very near relationship Shiba has with it is almost putting Shiba on the map, but if Shiba does not get influenced by Elon musk, or a billionaire, business and crypto-currency expert if may only exist under the shadow of the lime light dogecoin has gotten it. I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
Many hesitated to buy Dogecoin all in the name of ( it's meme coin ) and today Dogecoin is 0.25$, something we believe to be impossible in 2017-2019, I was once a 1million + doge coin owner until I sold too early, yea I know Elon musk pumped the coin but think about what a million doge coin would have turned your lives into right now if you bought at 0.00+++, my advice is a million shiba inu won't cost you more than 20-40$ as we speak, that's kind of money everyone can afford to lose, if altcoin season is going to be like 2017ish period this shit coin can surge up to the impossible level
I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
I don't need to warn you that this isn't a financial advice, 20-40$ won't take your life away anyways, I'm just saying it's possible that Elon musk will push Shiba inu too if the chance comes
The process that dogecoin and shiba go through is quite different, the condition of these two coins is only influenced by Elon Musk in pushing both of them to be more valuable, I agree with the view you gave, that shiba is more suitable to be bought now than dogecoin, considering the hype for dogecoin is over for this time, even shiba has greater opportunities for the future when compared to doge and this must really be used to achieve maximum profit in the future.
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