BUY THE DIP
the crazy shyt is some of them are probably really thinking that
Shiba Inu (SHIB) Discussion Thread
- Thread starter THE MACHINE
- Start date
the crazy shyt is some of them are probably really thinking that
Shiba Inu Passes Dogecoin as No. 10 Cryptocurrency
Silver Spring, Md. (AP) -- Cryptocurrency has officially gone to the dogs.
The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin.
Shiba was up another 10% at midday on Monday and has doubled in value in the past week. Most of that gain came in a flurry of trading last Wednesday, when it gained a whopping 66%.
Even with its recent meteoric rise — it's up about 900% in the past month — each Shiba coin costs just a tiny fraction of one cent. If you bought $1,000 worth of Shiba in late September, your 20 million coins would now be worth around $9,000.
Like most cryptocurrencies, Shiba is not commonly used for commercial transactions and is considered by most experts and investors to be a high-risk, speculative bet due to the broader volatility of the crypto market. Experts warn that investors need to be cautious about putting money into something with anonymous leadership that appears to have little functional use.
Lee Reiners, an outspoken crypto skeptic, teaches fintech and cryptocurrency courses at Duke University School of Law. Reiners said he’s not surprised by Shiba’s recent spike.
“This is what happens when you have massive speculation in assets with no intrinsic value,” Reiners said.
Investors might be thinking this story sounds familiar. Bitcoin has doubled in value twice this year — with a rapid plunge in between — and now sells for more than $60,000 per coin. Among stocks, GameStop had a surge that rivals Shiba's, rocketing from about $17 per share in early January to $483 later that month. Lately, it's consistently traded around $180.
Silver Spring, Md. (AP) -- Cryptocurrency has officially gone to the dogs.
The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin.
Shiba was up another 10% at midday on Monday and has doubled in value in the past week. Most of that gain came in a flurry of trading last Wednesday, when it gained a whopping 66%.
Even with its recent meteoric rise — it's up about 900% in the past month — each Shiba coin costs just a tiny fraction of one cent. If you bought $1,000 worth of Shiba in late September, your 20 million coins would now be worth around $9,000.
Like most cryptocurrencies, Shiba is not commonly used for commercial transactions and is considered by most experts and investors to be a high-risk, speculative bet due to the broader volatility of the crypto market. Experts warn that investors need to be cautious about putting money into something with anonymous leadership that appears to have little functional use.
Lee Reiners, an outspoken crypto skeptic, teaches fintech and cryptocurrency courses at Duke University School of Law. Reiners said he’s not surprised by Shiba’s recent spike.
“This is what happens when you have massive speculation in assets with no intrinsic value,” Reiners said.
Investors might be thinking this story sounds familiar. Bitcoin has doubled in value twice this year — with a rapid plunge in between — and now sells for more than $60,000 per coin. Among stocks, GameStop had a surge that rivals Shiba's, rocketing from about $17 per share in early January to $483 later that month. Lately, it's consistently traded around $180.
Diondon
Thanks to the lawyers uh, I marbled the foyer
Jasmy is popping
I'm up more in that than Shiba TBH
I'm up more in that than Shiba TBH
BaltimoreTwilightMarauder
Superstar
Shiba is sleep.
I Really Mean It
Veteran
Do you expect 100% gains every day? It’s consolidating.Shiba is sleep.
The_Unchosen_One
Superstar
If this lazy bytch doesn't start exercising 
Killah Ray
Carolina hail to thee....
If this lazy bytch doesn't start exercising
Seems like after people hyped themselves up on a RH listing that was never gonna happen, shyt got stagnant...
Oh well, let's see what happens at the first of the year...
I was in shib for 5 months before it recently started making moves. Smh Alot of yall ain't gonna make it as an investor. 
BTW shibs chart looks great, it'll definitely make a new high. The patient brehs will be rewarded.
BTW shibs chart looks great, it'll definitely make a new high. The patient brehs will be rewarded.
I tried to sell, fukk ass Coinbase was down for hour+
Where is this .35 coming from?
So many people in this thread would have over $50,000,000
Everyone in this thread would be a millionaire
So many people in this thread would have over $50,000,000
Everyone in this thread would be a millionaire
Saitama is my big one I'm sitting on right now....if that one hits....nikka....
Y’all bought on Binance?gotta get my numbers up . Only holdin 20mil currently
I Really Mean It
Veteran
Tried to take some profitsYou’re selling Shib??
