Shiba Inu (SHIB) Discussion Thread

10bandz

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Shib fukked up with that supply circulation fiasco, causing people to lose faith in the coin when they failed to provide accurate info. People got in thinking there was 357 trillion out there and we would've shedded a zero by now if that was the case. Shib didn't even own up to their mistake with all that talk they was doing.


yeah that wasnt a good look at all
 

Creepn

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no it absolutely doesn’t…you said SHIB “admitted” to the problem by updating their page to reflect the new numbers…that’s not their page
I said they admitted it thinking that website calculator was theirs and I conceded to that fact it wasn't. Even then, it doesn't throw away the fact that we still got diluted and Shib been quiet about it. This will cause people to lose faith in the coin.
 

klientel

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Got you. Either way, point still stands. We got diluted.

Shib was never diluted. Those were always the correct numbers, simple math supported it. It was just an listing and exchange error that was eventually fixed.

Anyway, if you haven't gotten out by now you probably should just hold. Obviously this is a meme alt, so it has no floor and can drop to 0. But it still has decent volume right now, so there is a chance of a reversal (small chance, but still a chance).

Even if it drops to that consolidation range from mid October or even worse, the monthly open of October :scust:

You might as well hold because the coin has proven it can 10x in a week given enough volume. Now I wouldn't suggest "buying the dip" right now, because catching a falling knife is a good way to lose money. Let the price settle a bit and see where it lands. You don't want to buy the dip and then be down 50% by the end of the day

But that's on you....do what you want :yeshrug:
 

Creepn

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Shib was never diluted. Those were always the correct numbers, simple math supported it. It was just an listing and exchange error that was eventually fixed.

Anyway, if you haven't gotten out by now you probably should just hold. Obviously this is a meme alt, so it has no floor and can drop to 0. But it still has decent volume right now, so there is a chance of a reversal (small chance, but still a chance).

Even if it drops to that consolidation range from mid October or even worse, the monthly open of October :scust:

You might as well hold because the coin has proven it can 10x in a week given enough volume. Now I wouldn't suggest "buying the dip" right now, because catching a falling knife is a good way to lose money. Let the price settle a bit and see where it lands. You don't want to buy the dip and then be down 50% by the end of the day

But that's on you....do what you want :yeshrug:
I am just relaying what went down. Shib said it was 357 trillion and people bought in using their figures. Now it's verified that it's not. People felt deceived about that whole situation and pulled out.

But I am still holding. I believe it will spike up. If I can diamond hand AMC, this is no problem.
 

TAYLONDO SAMSWORTHY

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I am just relaying what went down. Shib said it was 357 trillion and people bought in using their figures. Now it's verified that it's not. People felt deceived about that whole situation and pulled out.

But I am still holding. I believe it will spike up. If I can diamond hand AMC, this is no problem.


Here’s the direct statement regarding supply mishap


Supply changes of SHIB. A symptom of a bigger problem.
 
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