Golayitdown
Veteran
Never mind. I saw it.Yes there is.
Shiba Inu (SHIB) Discussion Thread
- Thread starter THE MACHINE
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Scammers are everywhere including this forum. Be careful
- Joined
- Apr 30, 2012
- Messages
- 42,423
- Reputation
- 3,805
- Daps
- 152,087
- Reppin
- black love, unity, and music
Negged
If you see em point em out…
BlackAdam
Pro
No BS. I bpught $5k of this back in may been sitting on it. it's now worth almost $80k. Only a $1 billion market cap this shyt could 10X by Christmas.
What they saying brehDamn the media is shytting on Shib for dogecoin it's not even funny seeing all this propaganda
consolidating
Rembrandt
the artist
No discord? I guess I'll finally download telegram. Know any other good groups?
Just the little hit pieces here and there I keep getting in my Google alerts it's pathetic...
Cheer up bredren. Shibarmy Na play dat.Just the little hit pieces here and there I keep getting in my Google alerts it's pathetic...
That's true, and it was indeed not from the official channel, but the conversation they had is real.
https://www.youtube.com/c/SHIBAINUCOINS/videos
nice...
CJ
Your objective semi-troll
Great play breh. What made you take the risk back in May? Only really heard about ELON until August lol.
Lol, they still talking about fundamentals, new money in crypto don’t give a fukk about any of that.
2 Toxic Cryptocurrencies to Sell Right Now
Shiba Inu and Dogecoin are showing several red flags that could leave investors badly burned.
Will Ebiefung
Key Points
1. Shiba Inu
Founded in August 2020 by an anonymous developer called Ryoshi, Shiba Inu token is carefully designed to exploit popular dog memes on the internet. But despite its meteoric 60,000,000% rise since inception, the coin's lack of competitive advantages and speculative investment community could put it at risk for a spectacular crash.
Image source: Getty Images.
Shiba Inu's October rally has little fundamental support. According to Fortune magazine, the surge in buying may have started when Tesla's CEO Elon Musk tweeted a picture of his recently adopted shiba inu puppy on October 4. Later, a push for the tokens to be added to Robinhood's Market's crypto exchange helped boost demand.
But despite the hype, Shiba Inu doesn't bring much that's new to the table from a technical perspective. It is one of over 460,000 ERC20 tokens that function on the Ethereum blockchain. And that means it will face Ethereum's challenges, such as low transaction capacity (13 per second), without having the strong brand and development team that keep Ethereum's native token (ether) relevant despite its technical shortcomings.
According to the Coinbase exchange, Shiba Inu investors typically hold the token for just 11 days -- in contrast to Bitcoin and Ethereum's average hold times of 83 and 80 days, respectively. This data suggests many Shiba Inu buyers are looking for a quick flip instead of a long-term investment. And the token's high turnover could accelerate its decline if market sentiment sours.
2. Dogecoin
Dogecoin prices have soared 154,700% since the currency's inception in 2013. And the once-satirical asset now boasts a market cap of $40 billion. But with increasing competition from rival meme coins and comparatively weak fundamentals, it will struggle to maintain its lofty valuation.
Unlike Shiba Inu, which is programmed on the Ethereum network, Dogecoin is a stand-alone blockchain. Transactions are validated through a proof-of-work system in which miners solve computational problems to mint new coins (Ethereum and Shiba Inu also use this system). But unlike newer cryptos, Dogecoin is not designed to allow users to create complex autonomous programs called decentralized applications (dApps).
The coin is geared toward being a store of value and medium of exchange. But it is poorly suited to those roles because of its inflation and volatility.
The supply of Dogecoin currently stands at 132 billion with the number programmed to increase by 5 billion annually -- forever. This will dilute the coins' worth over the long term if demand doesn't increase to match inflation. And although Dogecoin's typical 55-day holding time on Coinbase is significantly higher than Shiba Inu's 14 days, the coin has a track record of extreme volatility, which makes it unsuitable as a medium of exchange because it exposes merchants to high exchange-rate risk.
The greater fool theory
The greater fool theory is an investing concept that suggests you can profit by buying an overvalued asset because someone else (the greater fool) will buy it for more in the future. Shiba Inu and Dogecoin fit into this paradigm because their relatively weak fundamentals don't mesh with their massive valuations.
And while speculation can lead to epic returns in the short term, eventually, the greater fool may be the last fool. Don't be left holding the bag when the bubble finally pops.
2 Toxic Cryptocurrencies to Sell Right Now
Shiba Inu and Dogecoin are showing several red flags that could leave investors badly burned.
Will Ebiefung
Key Points
- Shiba Inu is soaring. But as with all bubbles, someone will be left holding the bag.
- Dogecoin faces a double-pronged threat of weak fundamentals and intensifying competition.
1. Shiba Inu
Founded in August 2020 by an anonymous developer called Ryoshi, Shiba Inu token is carefully designed to exploit popular dog memes on the internet. But despite its meteoric 60,000,000% rise since inception, the coin's lack of competitive advantages and speculative investment community could put it at risk for a spectacular crash.
Image source: Getty Images.
Shiba Inu's October rally has little fundamental support. According to Fortune magazine, the surge in buying may have started when Tesla's CEO Elon Musk tweeted a picture of his recently adopted shiba inu puppy on October 4. Later, a push for the tokens to be added to Robinhood's Market's crypto exchange helped boost demand.
But despite the hype, Shiba Inu doesn't bring much that's new to the table from a technical perspective. It is one of over 460,000 ERC20 tokens that function on the Ethereum blockchain. And that means it will face Ethereum's challenges, such as low transaction capacity (13 per second), without having the strong brand and development team that keep Ethereum's native token (ether) relevant despite its technical shortcomings.
According to the Coinbase exchange, Shiba Inu investors typically hold the token for just 11 days -- in contrast to Bitcoin and Ethereum's average hold times of 83 and 80 days, respectively. This data suggests many Shiba Inu buyers are looking for a quick flip instead of a long-term investment. And the token's high turnover could accelerate its decline if market sentiment sours.
2. Dogecoin
Dogecoin prices have soared 154,700% since the currency's inception in 2013. And the once-satirical asset now boasts a market cap of $40 billion. But with increasing competition from rival meme coins and comparatively weak fundamentals, it will struggle to maintain its lofty valuation.
Unlike Shiba Inu, which is programmed on the Ethereum network, Dogecoin is a stand-alone blockchain. Transactions are validated through a proof-of-work system in which miners solve computational problems to mint new coins (Ethereum and Shiba Inu also use this system). But unlike newer cryptos, Dogecoin is not designed to allow users to create complex autonomous programs called decentralized applications (dApps).
The coin is geared toward being a store of value and medium of exchange. But it is poorly suited to those roles because of its inflation and volatility.
The supply of Dogecoin currently stands at 132 billion with the number programmed to increase by 5 billion annually -- forever. This will dilute the coins' worth over the long term if demand doesn't increase to match inflation. And although Dogecoin's typical 55-day holding time on Coinbase is significantly higher than Shiba Inu's 14 days, the coin has a track record of extreme volatility, which makes it unsuitable as a medium of exchange because it exposes merchants to high exchange-rate risk.
The greater fool theory
The greater fool theory is an investing concept that suggests you can profit by buying an overvalued asset because someone else (the greater fool) will buy it for more in the future. Shiba Inu and Dogecoin fit into this paradigm because their relatively weak fundamentals don't mesh with their massive valuations.
And while speculation can lead to epic returns in the short term, eventually, the greater fool may be the last fool. Don't be left holding the bag when the bubble finally pops.