Shiba Shiba

[switchAMG]

Who else dumped some dough into Shiba Inu awhile back?

[KAC]

What is this?

[Elysian]

I put $425 in on October 6th (converted BTC), up over $1200 now.

[acroig]

Wait, don't we already have a bitcoin thread?

[KAC]

Ok now I know what it is.

[pax]

WCCF had an article saying it was going to over a penny or a huge increase in % terms which makes no sense imo. Market cap would be in the trillions. But Im sure it created a move to buy into it...

[Elysian]

WCCF had an article saying it was going to over a penny or a huge increase in % terms which makes no sense imo. Market cap would be in the trillions. But Im sure it created a move to buy into it...

I was reading something earlier today that said the only way it really could hit $0.01 even would be if they burned off a large portion of the 394T SHIB out there. They apparently are doing some burning but it's unorganized.

[switchAMG]

Yea I have 150,000,000 shibbies that I bought awhile back that are growing by the minute. I used to think the road to a penny was impossible, doesn't feel that way anymore.

[Elysian]

I pulled my 19.5mil SHIB out at 0.00006911. Could have made another $200 if I waited for it to hit .000074, but don't feel like it's going to go much higher than this. We'll see, but I have a feeling the whales are looking at the exit. Still tripled my money.

[switchAMG]

I pulled my 19.5mil SHIB out at 0.00006911. Could have made another $200 if I waited for it to hit .000074, but don't feel like it's going to go much higher than this. We'll see, but I have a feeling the whales are looking at the exit. Still tripled my money.

Paper hands

Nahh, I get ya -- what I put in, I am ok to lose -- I am letting it ride. I think (but wtf do I know) we got some money to make here -- only starting to get steam.

[Elysian]

Paper hands

Nahh, I get ya -- what I put in, I am ok to lose -- I am letting it ride. I think (but wtf do I know) we got some money to make here -- only starting to get steam.

I doubled my money on GME and tripled on Shib, not feeling too bad at all I didn't even put any actual $ into SHIB, just converted BTC I got from my Nicehash mining.

[switchAMG]

I doubled my money on GME and tripled on Shib, not feeling too bad at all I didn't even put any actual $ into SHIB, just converted BTC I got from my Nicehash mining.

Nice!

It is gambling.

[Sundance Kid V2]

Got some Shibs months ago, bought some more and more and more lol

[switchAMG]

Got some Shibs months ago, bought some more and more and more lol

you and me both.

Been a wild ride today.

[Sundance Kid V2]

you and me both.

Been a wild ride today.

crazy stuff!

[Elysian]

Yesterday there were 394 trillion SHIB in circulation, today that number is 549 trillion. Explains a lot about why the value has basically stagnated overnight. It's a losing battle if they can't burn enough tokens.

[switchAMG]

Yesterday there were 394 trillion SHIB in circulation, today that number is 549 trillion. Explains a lot about why the value has basically stagnated overnight. It's a losing battle if they can't burn enough tokens.

Hard to say, funny thing I just read: A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today it is worth $5.7 billion.

If that whale dumps his load the pooch will be flatlined for a minute.

[Elysian]

Hard to say, funny thing I just read: A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today it is worth $5.7 billion.

If that whale dumps his load the pooch will be flatlined for a minute.

At the end of the day those are the people who will make $ off this whole thing while everyone else will be caught bagholding. That's why I've always set an exit strategy and followed it.

[SirBaron]

apparently the extra 200 trillion was a glitch.

[switchAMG]

At the end of the day those are the people who will make $ off this whole thing while everyone else will be caught bagholding. That's why I've always set an exit strategy and followed it.

I think its all perspective and timing -- you got in pretty late, made a couple hundred and peaced out. I am still up ~10k and unless the bottom completely falls out I am not holding a bag.

[Sundance Kid V2]

I think its all perspective and timing -- you got in pretty late, made a couple hundred and peaced out. I am still up ~10k and unless the bottom completely falls out I am not holding a bag.

Have to agree here with Shiba.

There are other cases where rug pulls etc causes people to lose money and the creators scamming people.

[pax]

Shibu dragging doge up 20% in one day... crazy market see if doge gets to 1$ then sell

[Tyr-Sog]

Shibu dragging doge up 20% in one day... crazy market see if doge gets to 1$ then sell

I wonder how many did that with bitcoin lol

[MaxSt]

WSJ: First Bitcoin. Then GameStop. Now Tiny Tungsten Cubes.

Yahoo Finance: The hottest new crypto trend: What is the Tungsten Cube?

[KAC]

Squid coin up 2400% in past 24 hours.

[twonha]

Ok, how the hell does one figure out which of the ten thousand worthless coins to put cash in, so that you get rich a year later? I've always been the schmuck that buys in when it's too late, and sells when it's too early.

[KAC]

Ok, how the hell does one figure out which of the ten thousand worthless coins to put cash in, so that you get rich a year later? I've always been the schmuck that buys in when it's too late, and sells when it's too early.

You and me both.

[pax]

Ok, how the hell does one figure out which of the ten thousand worthless coins to put cash in, so that you get rich a year later? I've always been the schmuck that buys in when it's too late, and sells when it's too early.

Id say maybe Ripple. Im holding that one for ~5 years to see how it goes. It has some use for quicker banking transactions. Not that its a get rich quick one... Those are usually a 'get in on a new coin really early that got some lip service from some celeb' type of thing.

Many coins claim some use for something but usually not much.

I wouldnt put much money in this its a gamble no matter what you try.

[mizzer]

Do you guys use coinbase or something else?

[Elysian]

Do you guys use coinbase or something else?

I use Coinbase, it plays nicely with Nicehash, which is what I use on my mining rigs.

[Ne0Griever]

Ok, how the hell does one figure out which of the ten thousand worthless coins to put cash in, so that you get rich a year later? I've always been the schmuck that buys in when it's too late, and sells when it's too early.

Don't spend on meme money. That's dumb. Pick a meaningful long term investment and hodl.

[switchAMG]

Don't spend on meme money. That's dumb. Pick a meaningful long term investment and hodl.

meh, to each his own -- I invest in proper coins but I have made thousands on sh*t coins. And really, define "meaningful" in crypto.

[Lazy8s]

meh, to each his own -- I invest in proper coins but I have made thousands on sh*t coins. And really, define "meaningful" in crypto.

Iirc the definition agreed upon in the crypto community was “Makes me a ****ton of money”

I’m no expert, but that sounds about right

[KAC]

switch next time you put money in shitcoin do mention in the mining thread. I want to become rich by investing in turds as well. I always miss out. I didn’t even know wtf shiba was until this thread.

[MaxSt]

https://markets.businessinsider.com/news/currencies/floki-cryptocurrency-elon-musk-dog-meme-token-shiba-inu-doge-2021-10

[Nascar24]

Squid coin up 2400% in past 24 hours.

https://www.cnn.com/2021/11/01/investing/squid-game-cryptocurrency-scam/index.html

So much for squid!

[pax]

Dayum that was a squidscam. Came in and out so fast the movie owners didnt have time to slap them with an IP lawsuit.

[switchAMG]

switch next time you put money in shitcoin do mention in the mining thread. I want to become rich by investing in turds as well. I always miss out. I didn’t even know wtf shiba was until this thread.

will do buddy, glad I skipped the squid bus.

[MaxSt]

"Bitcoin is the standard.
Everything else has to be monitored differently
because they are created differently." - Sen. Lummis on CNBC

https://twitter.com/SquawkCNBC/status/1455516818077110272

[switchAMG]

shiba listed on kraken in ~6 hours, could be a nice pump.

re: btc being the only real thing -- hard to say, only recently the world thought bitcoin was a farce. No one knows anything.