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Holy fkn bulls - Shib jumped from #50 to #15 on Coin Market Cap in 4 days! Investors dumping other coins for it en masse, trying to buy up as much as possible before the Robinhood listing. I've gone all in - except what I'm staking - and I'm holding until the RH listing - and it'll dump eventually.

There's still time to get in.

Holy fkn bulls - Shib jumped from #50 to #15 on Coin Market Cap in 4 days! Investors dumping other coins for it en masse, trying to buy up as much as possible before the Robinhood listing. I've gone all in - except what I'm staking - and I'm holding until the RH listing - and it'll dump eventually. There's still time to get in.

(post is archived)

[–] • 1 pt (edited )

Thinking about selling some myself. I have 1.5 billion shib staked right now and another 500 million liquid. Bought in super early when shiba was just a pup. How far up you think this pump will go?

[–] • 1 pt

Dang, and I thought I was going to be a SHIBcoin hundredare with my 30M coin. You're going to be a thousandare!

[–] • 0 pt

Maybe $0.0005 - still a long way to go but the Robinhood and another Euro exchange listing it soon will pump it pretty hard. If you have 2 billion you'll very rich within a few years if you hodl.

[–] • 0 pt

Most people in crypto are to stupid to understand it’s true purpose. Then you have gambling addicts. None of these people know what a blockchain is or why it’s important. Or do they know what central banking is.

It will take stupidity in order for crypto to work. Meaning, once normies realize you can hide money with something like Moreno or buy with say no sale tax with a similar coin. Then it will catch on.

We are a long way from that.

[–] • 0 pt

All that means is we're still early. I'm sure some people stumbled in to the right choices when the stock market was cooking up first as well. Hell, I'd bet there's some people that bought something like Microsoft or Apple around its inception but never expected the current situation. In much the same way, while they may have had some stroke of genius, there's no shame in waiting your turn and if you understand what you bought like you claim, I wouldn't worry a bit. Again, we're still early.

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The problem is that we might be so early that it never happens in our lifetime. It will take either break away communities or mafia era like schemes used by a decent amount to avoid some kind of tax/regulation

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I wouldn't worry about that. Regulators have no precognitive moves. Their only game is that of reaction. I'd guess they regulate so hard they affect other areas enough that it makes too many investors flee or restructure to the point they can't easily draw funds anymore or we see the US give up in the near to moderate term to give in to the flourishing potential.

They're on a slippery slope. If they try to block too much, innovators will give up on the US. There's already a huge movement to leave the US as a wealthy person. I truly wouldn't worry much about that.

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Is this coin one that once all the coins are mined they can't make more like bitcoin? Or can it be fiat like they just add more coins? If that makes sense?

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Yes, but the initial cap was 1 Quadrillion - which half were given to Ethereum's founder who gave away and burned 90% of his 500 Trillion. Coins are burned everytime they're cashed out and when an NFT on it's blockchain is sold - as the NFT replaces the coins (i.e. If an NFT sold for 1 billion coins, 1 billion are burned) plus the rare tokens ShibaSwap hosts like Leash, Tree and Bone, the later having a market cap of only 250,000 tokens and I believe is around 5 digits -

Financial Firms are also buying millions of dollars worth - more so than actual retail investors as there's currently just over 700,000 investors, so there's tons of room for growth. People said Dogecoin would never reach 1 cent because it's just a joke coin with no real value other than straight payment transactions and an unlimited supply - then it ironically pumped to 69 cents and dumped, and now it's around 25 cents - but the point is that people love cheap crypto because they know they can get the biggest bang for their buck, and with Shiba being it's own decentralized exchange and hosting NFTs, it's already much more useful and valuable than Doge. Hell, it may even reach a $1 within a few years.

[–] • 0 pt

If it even reached say, $0.25, I'd be able to live comfortably for the rest of my life and not worry about things.