Shiba lovers lower your expectations

jrrsparkles

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Quote from: Wincob on August 01, 2022, 04:44:01 AM

I want to advise you guys as a fan of shiba inu, if we are on the same path with shiba inu please make sure your long-term target is 0.005$ for Shib, and erase the mindset of Shiba getting to one dollar, I know Shiba is heavily burning down on supply but the max supply is way too big.

Shiba inu hitting 0.005$ will be a big war for the project, they need to keep expanding every year, even if shiba game and metaverse did so well this price target is still going to be not easy.

Also we have to keep in mind that trend keep changing for every season once it was light weight coins with more transaction per second and cheaper fee then it turns into privacy ones then meme coins and now NFT so what if the craze over meme coins completely shifted to something which will come in a year or two.

Questat

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Quote from: Ayers on August 04, 2022, 11:36:38 PM

Quote from: Psynthax on August 04, 2022, 06:29:37 PM

sniip
these meme coin exists just for speculation.

memes are like that, they have no utility at all, memes are tools for the sharks to manipulate, create hype to attract newbies to the market

shiba is the most buzzing meme token in the 2021 bull season and with the intention of shiba coming, i think it is still a coin worth investing in for the future, but it's still a meme so invest as much as you can afford to lose

I also see some potential for this project but yeah, we can't just forget about being a meme coin, we can't be fooled with a few pumps and rallies as we really consider for the long-term, not just hypes. Although I believe that this project will stay longer like Dogecoin, however, the situation will be taught us that we can't be too confident with these meme coins, many of them ended terribly and cause losses to the investors.

bluebit25

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I still hold the view that this is a trending and overhyped coin, so only join it when the hype process repeats to make a profit, not expecting to go a long way with the process it takes place. The glory it has created probably many people have reaped great profits since it received great interest from the crowd, perhaps for me as well as many people it has always been more risky than opportunity after having achieved previous glory

Ayers

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Quote from: Psynthax on August 04, 2022, 06:29:37 PM

sniip
these meme coin exists just for speculation.

memes are like that, they have no utility at all, memes are tools for the sharks to manipulate, create hype to attract newbies to the market

shiba is the most buzzing meme token in the 2021 bull season and with the intention of shiba coming, i think it is still a coin worth investing in for the future, but it's still a meme so invest as much as you can afford to lose

vittosport

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Quote from: Psynthax on August 04, 2022, 06:29:37 PM

right, the supplies of these meme coins are too inflated, basically too much for it to ever increase its own value, without shills coming from the famous people.
these coins I think requires tremendous quantity of investment flow for it to increase its value and it isn't like alts in general that could have demands from their innovation and utilization, these meme coin exists just for speculation.

Although the precise cause of the asset's underwhelming performance is not yet known, some traders and investors think that the abrupt decline in token burning rates is to blame for the market's token volatility issue. one of the main fuels for the Shiba Inu in recent months alongside major releases like the Shibarium multiverse.

Psynthax

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right, the supplies of these meme coins are too inflated, basically too much for it to ever increase its own value, without shills coming from the famous people.
these coins I think requires tremendous quantity of investment flow for it to increase its value and it isn't like alts in general that could have demands from their innovation and utilization, these meme coin exists just for speculation.

abel1337

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Quote from: ?? on ??

Dog coins always seem scary to me for some reason. Because as you said, no matter how much their supply is reduced, their amount is quite high. Even this makes one hesitate. But after the doge madness revealed by Elon Musk, I can't help myself why not. But the market shows that it is really hard to predict what will happen as fomo evolves to another side during every bull period. Many cryptocurrencies that came out in 2017 and later were garbage, except marginal ones, and disappeared from the market. At the end of 2021 and the bull of 2022, the market moved in a completely different way. It is really difficult to predict what will happen in the next bull, so I think it is not necessary to speak clearly.

This shows how much the market could go crazy on shills that a famous personality can bring. People learn and there could be a chance that the influencer influence power could loosen up as people learn from their experience to what and how to invest their money on cryptocurrency. Most of the people who experience having garbage tokens in 2017 surely make themselves careful last bull run and I'm one of them. Those who where FOMOed last bull market on this sh*t/dog coins and lose a lot of money from it will learn and will make sure that they will not get carried themselves away again by these influencers. There could be a new wave of new crypto users on the upcoming bull market and you're right that we don't know what might happen again in next the next bull run.

Quidat

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Quote from: ?? on ??

Dog coins always seem scary to me for some reason. Because as you said, no matter how much their supply is reduced, their amount is quite high. Even this makes one hesitate. But after the doge madness revealed by Elon Musk, I can't help myself why not. But the market shows that it is really hard to predict what will happen as fomo evolves to another side during every bull period. Many cryptocurrencies that came out in 2017 and later were garbage, except marginal ones, and disappeared from the market. At the end of 2021 and the bull of 2022, the market moved in a completely different way. It is really difficult to predict what will happen in the next bull, so I think it is not necessary to speak clearly.

There nothing could beat up the chances that a hype gives even on the shittiest project in the market could really be having the possibility on increasing its price
specially if its been shilled or hyped up by someone whose known or does have the influence which would really be giving out that kind of significant movement in the market.
For SHIB or simply meme coin lovers out there then you cant really stop them to have those unrealistic goals or perceptions on what they had invested specially on these
coins which it is really impossible considering the max or entire supply then reaching out unrealistic numbers is something far off stretched.

justdimin

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Quote from: DanWalker on August 03, 2022, 05:46:16 AM

Quote from: uneng on August 01, 2022, 06:47:34 PM

Developers are profiting over investors like you. You should be careful with this investment because it's possible the huge supply is going to be dumped in the market by people behind shiba inu aiming their own good. And in my opinion you are being too optimistic. I would swap all those SHIB into something scarce, widely adopted, advantageous and valuable like bitcoin right now.

It is hard to confirm anything, OP decided to get hold of Shiba, he must have done research on Shiba as well.
For me, investing in Shiba is also no problem, each person has their own choice. As long as he understands what he's doing with his money. If he accepts the risk, he also deserves the reward he expects. Shiba may create a new hype or disappear, who knows?

That is it about shiba though, it is not a "risk", it is a different type of earning that is not similar to what we have with btc or eth. Shiba is there because it was hyped, not because it is technologically superior or it was early bird, or it wasn't any of the other million things.

It was there because it had a big hype during the Elon Musk doge tweeting period and because of that hype period there were a few doge related tokens and shiba was the biggest one. So whenever there is a hype about it, the price goes up but that's about it, they do not really have anything that is marvelous to provide to people, it is all about "lol it is doge shiba, come with us!" and that's it.

capedbaldy

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Quote from: BobK71 on August 04, 2022, 02:15:13 PM

$0.005 for a meme coin is very difficult where the current price is $0.00001182. If there is a new plan with Shiba, it may be possible to reach this level. But it obviously takes longer time. We already know that Shiba project has launched a DEX exchange called Shiba Swap. I think they can come up with more new products under this project. May be new dimension will be added in this meme token that can increase its scope.

I think launching Shiba Swap doesn't bring shiba to a high price level because DEX based coins are already widely available, so it's not too different specifically from other DEX projects. We hope that the coin meme moment can return to the future but without the support of the Doge price increase it is difficult for coins the coin meme trend can return to high levels.

BobK71

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Quote from: Wincob on August 01, 2022, 04:44:01 AM

I want to advise you guys as a fan of shiba inu, if we are on the same path with shiba inu please make sure your long-term target is 0.005$ for Shib, and erase the mindset of Shiba getting to one dollar, I know Shiba is heavily burning down on supply but the max supply is way too big.

Shiba inu hitting 0.005$ will be a big war for the project, they need to keep expanding every year, even if shiba game and metaverse did so well this price target is still going to be not easy.

$0.005 for a meme coin is very difficult where the current price is $0.00001182. If there is a new plan with Shiba, it may be possible to reach this level. But it obviously takes longer time. We already know that Shiba project has launched a DEX exchange called Shiba Swap. I think they can come up with more new products under this project. May be new dimension will be added in this meme token that can increase its scope.

vittosport

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Quote from: wiss19 on August 03, 2022, 03:01:41 PM

Wait, is there a shiba game already? I didn't noticed that coming and you said it is doing fine now? Cool but why didn't they publish it in the news. If only they did that then maybe they can turn some heard. I only heard they will be doing some projects like a crypto exchange, something like that but I didn't thought that they will also build a game and if they did then I can't imagine how it will look like.

Oh well, maybe it some kind of a pet game because their logo is a dog. Before that, there are also grocery stores which accepts this token, as well as shiba inu atm's but that still didn't made a big impact in its price, so you are right that people better lowered their expectations.

You are right, they will release Game Shib CCG. I got this information from their official social media. The game will also be available on the Apple AppStore and Google Play store.

For more information click the link below:

https://twitter.com/Shibtoken/status/1554303685043306496?t=afEqOCXCPIPvToKtDKmHEA&s=19

CuriousGeorge

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this meme coin fans should realize that if shiba inu were to hit $1, there's certainly money needed to get it to there, most of the shiba inu bag holders are investing because they want to eventually make returns.
$1 isn't gonna reached in the future for the simple fact that shiba inu bag holders will eventually realizing their returns even if SHIB hits much lower than $1

Beparanf

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Quote from: shinratensei_ on August 03, 2022, 04:53:30 PM

these meme coin need to be more realistic imo, the supply combined with the value if it's reaching $1 doesn't even make sense,
there's big chunk of money needed for it to be happening and most of these meme coin investments flow coming from individual.
now even majority of individual has left meme coin since they're losing big time in the last massive wave of correction so i'm guessing it's gonna become even more difficult achieving that unrealistic mark.

1$ is indeed delusional with the current supply even if they burn most pf the supply since holders already got huge chunk of the supply so even thought they continuously burn part of the supply while the majority is already distributed then there’s no way for the price to pump even 0.005$ target of OP since no one will buy this token once it pump because holders will sell of some of there bags.

Baofeng

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Quote from: Wincob on August 01, 2022, 04:44:01 AM

I want to advise you guys as a fan of shiba inu, if we are on the same path with shiba inu please make sure your long-term target is 0.005$ for Shib, and erase the mindset of Shiba getting to one dollar, I know Shiba is heavily burning down on supply but the max supply is way too big.

Shiba inu hitting 0.005$ will be a big war for the project, they need to keep expanding every year, even if shiba game and metaverse did so well this price target is still going to be not easy.

Well there are still a lot of investors who think that Shiba can make a good run even in the bear market.. I wouldn't say it's a bear market, more of that is the target and it wasn't achieved because we suddenly enter the bearish of trend.

But who knows, maybe in the next bull run, Shiba is one of those who will make a growth that no one has expected. Or at least the hype is still there for them. And maybe if we hear some positive news about the people behind, maybe that price target can easily be hit. But I do agree that we shouldn't expect more, probably a conservative estimates, a realistic goal and not that exorbitant prediction this bear market.

shinratensei_

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these meme coin need to be more realistic imo, the supply combined with the value if it's reaching $1 doesn't even make sense,
there's big chunk of money needed for it to be happening and most of these meme coin investments flow coming from individual.
now even majority of individual has left meme coin since they're losing big time in the last massive wave of correction so i'm guessing it's gonna become even more difficult achieving that unrealistic mark.

wiss19

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Wait, is there a shiba game already? I didn't noticed that coming and you said it is doing fine now? Cool but why didn't they publish it in the news. If only they did that then maybe they can turn some heard. I only heard they will be doing some projects like a crypto exchange, something like that but I didn't thought that they will also build a game and if they did then I can't imagine how it will look like.

Oh well, maybe it some kind of a pet game because their logo is a dog. Before that, there are also grocery stores which accepts this token, as well as shiba inu atm's but that still didn't made a big impact in its price, so you are right that people better lowered their expectations.

koang

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Be careful while buying penny cryptocurrency, no one can give a return in any time period.
People buy these because of their low price but do not understand why they are penny.

Shiba is dead. It will never get back to previous levels.
All the burns are scams, All current holders will be dead before enough is “burned” to be worth anything.
Shiba fell. Developers getting richer, get out while you can, people...

ItsCrafty

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Quote from: Wincob on August 01, 2022, 04:44:01 AM

I want to advise you guys as a fan of shiba inu, if we are on the same path with shiba inu please make sure your long-term target is 0.005$ for Shib, and erase the mindset of Shiba getting to one dollar, I know Shiba is heavily burning down on supply but the max supply is way too big.

Shiba inu hitting 0.005$ will be a big war for the project, they need to keep expanding every year, even if shiba game and metaverse did so well this price target is still going to be not easy.

I think this is very hard task to reach this level. Every body know that it is just a memecoin with no Usecase . Fir reaching 0.005$ all Biggest whale of BTC and Etherium should flow money into Shiba which is almost impossible. Still Shiba lover can hope bacause in Cryptocurrency everything is possible. For me I will far away from meme Coins.

virasisog

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Quote from: WeedGoW on August 03, 2022, 12:43:52 PM

Most Shiba lovers that want Shiba to hit the 1 dollar price are bandwagon people. They usually overhype meme coin without actually seriously thinking it could be possible. You shouldn't take them seriously at all. One Shiba hit x5 or x10 of its price right now, most Shiba lovers are going to sell right away.

Expectations can disappoint us in the end so we shouldn't expect beyond the capability of the coin that we're holding. Shiba usually pumps when being hyped so we should take advantage right away if that happens. There were already lots of investors who are backing out and switching to more established coins and we can't blame them for that.

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