#DecryptingCrypto $SHIB
So you are thinking about investing your hard earned money into $SHIB ... hopefully you are doing this because you believe in the project and not just hype ... unless you are swing trading. I bought the hype of $DOGE at $0.55 and averaged down to $0.38 ... so still in the red and still plan to hold this long term in the off chance it goes off and also in part to stick my nose in the 💩decision I made impulsively.
History:
- Began as a meme project w/ experimentation of the possibility of an informal community governance
- Created August 2020 by anonymous developer "Ryoshi" before $DOGE went crazy in 2021 ... why are they always anonymous Japanese developers?
- Built on the $ETH blockchain which means it should have the ability to interface with smart contracts directly unlike $DOGE
- Fixed supply of 1 quadrillion tokens of which 50% were locked in the liquidity pool Uniswap and key destroyed and then 50% of remaining (25% of total) was given to $ETH founder Vitalik Buterin who gave some to charity and burned the rest
- Meant to be a 3 token system - $SHIB , LEASH, and BONE w/ the BONE meant to be a governance token
Utility:
- ShibaSwap - meant to be a decentralized exchange but further details not available as it is still in development ... but the idea is staking will allow for earning BONE token which is for corporate governance (Edit: seems up and running to me, so not sure if this is new since the Gemini article - https://shibaswap.com/#/ )
- Community Charity - this one is confusing for me but apparently some form of proceeds of purchases on Amazon were to go to Shiba Inu Rescue Association via "Amazon Smiles" but I don't think actual $SHIB was used to purchase anything via $AMZN
- Artist Incubator - mean to be an NFT incubator and artists waiting in the wings but details again are still pending
My Bottom Line:
- Price movement as of right now is purely on social sentiment, FOMO, and recent additions to CEX for ease of purchase ... not exactly because of proven utility at THIS time
- This is NOT to say that utility isn't going to be there and that future potential is not there
Resource: https://www.gemini.com/cryptopedia/shiba-inu-crypto-shiba-coin-shib-coin-shibaswap#section-will-the-shiba-inu-crypto-project-rocket-to-the-moon
WhitePaper: https://woofpaper.org/SHIBAINU_Ecosystem_WOOF_Paper.pdf (still in process of reading this one today)
P.S.: Should I add this as a video format to my YouTube channel after the #My5XYZ ? Was planning to do this series on Sunday's for $BTC , $ETH , $ADA , and ATOM ... with plans to do SOL, MANA, LINK as well
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Paris Tilghman@SvgInvestments
Thanks for the info.
U mean a series on Shiba specifically or one on "iffy" investment trends/tokens/stocks ?
@MarkEvans 💙
@SvgInvestments Lol absolutely NOT a whole series on $SHIB . All my content essentially boils down to me doing research and home work and then sharing it with the community.
🦾Teach teacher teach!
I got profit from Shib regardless any bad opinion. I will sell my shibs in Public and take more profit again. Then I'll buy more with the profit.
So that will give me more shibs than I had because the increased buying power.
4,000 more shib holders in 24 hours. Total 923,698 holders now.
Joey Rodriguez@rodzunlimited
Could you send me this info to my email?
Joey Rodriguez@rodzunlimited
@ctsshah could you send this info to my email?
Viktor Green@viktorverde
Great info and yes to the YouTube video
I'm interested in the artist NFT's. I'm an artist and would like to sell my art as an NFT. How do I do that and where do I find out . I'm also invested in Shib which would be cool if I could accept shib payment. I know nothing about this other then that it exists and is becoming popular. BTW, thank for your helpful info!!
❤️,I'm glad that you do the work as well as you do
Through doesn't do you justice,your amazing and I thank you for that attribute.
Always good to get background. Still green for me !
Awesome lesson bro. Just don’t buy research
Awesome information!! I appreciate this very much!
@ctsshah great info 👏🏾
Robert Cross@webretitan
🙌
Well you did enter rather late and Shiba did just start up so there is a slight bit of a difference there but I do agree you need to believe in your investment for sure
@rodzunlimited you should be able to share the link or just copy the address of the post
@viktorverde can do! working on a current project and then always thinking about what comes next
@hopeeternalgrace4evercreative unfortunately i'm still new to all of this and wouldn't be able to help, maybe @theLucasWalters could point you in the right direction
@MarkEvans just found a way for my neuroticism to be helpful and productive
@ARCYEFF ya, I'm nicely in the green for the time being. Exploring the ShibaSwap to "bury" at the moment but the gas fees are stupid right now
@Zuria 💙
@webretitan 👍
@scooterv2212 actually i'm up 120% on Coinbase holdings ... was a lot bigger when it was pushing new all time highs but I'm happy with the position I am holding
I bought in at .00002.. on a friends recommendation not alot of money but its tripled for me.. I've since bought the dips.. just a little at a time.. if it gets to even a .00 number I could retire.. I'm shibarmy ..to the moon!!
@Brenthall1968 you using ShibaSwap? Was trying to play around with it after posting it.
I was using crypto but I buy here now.. I haven't sold any from my first buy. But I would like to see what shibswap is about.
People like I made money on both, in fact i have tripled my original investment on Shiba, so your bad investment may not be bad for everyone but unfortunately most will be put off by this mediocre research and bad timing and take that for gospel when they could be making money.
Even if it gets in the red a bit. That's good for me to buy more at less my average cost. Depending on the amount you can lower your average cost. When it rises again... again if but I believe for when , at this point.... I can hold for higher cost than I previously sold at... the return is much greater.
This helps gain coins thus boosting future profits.
Or hold on for dear life and invest you…See more
I follow a lot of crypto YouTube channels and I have been for quite some time. That seems to be the going thing these days.
@goddessbadb Ya I plan to hold the profits I made for the long term. Exploring ShibaSwap. Excited to see what evolution comes from their development team. That said I also don't want people jumping on the ride without knowing a little background. When I see all the sells in the red by people it makes me sad. People are just trying to improve their life and it is easy to get caught up in the hype an…See more
