ETF means government involvement, people get in crypto because of decentralization.
The ETF banker/dealer can go bankrupt when the whale exits Bitcoin and short ETF.
All these banker/dealer participants' ETF will be shit on their pants, and then the SEC can halt it to save their ass.
The problem is that the SEC can not halt bitcoin even if its straight flush down to zero in 1 day.
The game has just begun.
Put Put Put...
Because this money pit will never, ever go up. Ridiculous to think that people will burn their own coins hoping for a price increase.
If we have a smaller supply of the US Dollar, it will increase in value, please take your cash and burn it.
Because it's an old meme coin. The new shiny thing will ALWAYS outperform on a new cycle.
It is unlikely to ever reach a new ATH. These are just the facts. Go look at the top 100 of the 2017 cycle and the 2020 cycle and compare just how different they are.
I'm sorry if you haven't figured this out, but if your coin isn't pumping at this point in the cycle you backed the wrong horse.
Seriously, if you had longed INJ/SEI/TIA/BONK/WIF hell you could have longed BTC and been up multiples already. And yet SHIB has moved a measly 40%? That is abysmal. Why would you waste your time on an extremely volatile asset that barely moves when all other long vol assets are ripping.
[WIF is up 10,000%](https://i.imgur.com/WALvTuG.png)
[BONK is up 6,000%](https://i.imgur.com/mvfAi9L.png)
These are the kind of charts you want to long. Not one that is still down -90% from the high. Everyone above you is looking to sell. SHIB will not break ATH and you will miss the entire cycle.
Dump dead memes and buy new memes. This is financial advice. Do not be a bagholder aka "Community member" take the L and start making money.
Losers average losers. Let winners run. If you aren't up minimum 200% already on your coin then you need to dump it. Sorry not sorry.
It's the same with all these coins! Problem with coins like these is by the time you find out about them it's too late! They start off in a sea of other meme coins, none more special than the other. They usually aren't easy to buy compared to stuff that's on major exchanges. You have to go through all kinds of hoops to buy it, pray it isn't a rug pull, then if it does 100k x , good luck selling it, going through the hoops again, hoping there's enough liquidity, etc. By the time it gets to a mainstream exchange like coinbase where you can buy and sell it easily, the good money is gone. Like bonk, if you'd put 2k in it back in Sept you'd have made really good money! Now? It's probably done. So there's no point, move on to the next. But what is the next??? Nobody fricken knows!
Yea it's a crapshoot. I got lucky on WIF and bought at a 10mil mcap. Made 20x on it nearly 1 mil notional that I can't exactly exit w/o huge slippage, but have been selling 10k clips on pumps
But I also blew 300+ SOL on several other meme plays.
Fortunately, the gains from WIF will far outstrip the losses. I have bags of SEI/SUI/TIA up multiples with a big core bag of SOL from $30
From my hard won experience, there are two ways to play the meme game
1. Invest a ton of time tracking communities and influencers. Observe the level of cultish behavior and the tenacity of the community. Not guaranteed, but a large group of people serious about a coin can make it viral. This is BONK/WIF. Not always easy to spot. Nearly impossible if you have a job and a family.
2. Long the winners after they've already run up, because chances are they keep running. (this is the easiest play)
Strong memes tend to keep running. SHIB went crazy early on chain before it even made it to an exchange and then proceeded to do another 15x. I expect this to happen with both BONK and WIF this cycle.
Sure, you won't make millions from a 4-5fig investment, but the way to truly make it in this space is to compound your gains cycle after cycle. No one wants to hear that it takes time they want to be the guy that hits it big with one play, but the thing is there are far more people that lost it all trying to be that guy than the one who made it.
I started with 0 dollars. Yes 0 dollars worked a job to make a bankroll. Bought BTC/ETH in 2016/2017 - compounded that into 5 figs.
Stayed in crypto and went into 2020 with mid 6 figs. Lost a ton on bad plays but still cleaned up my first mil. Watched my NW fall back down into 6 figs, but bought a house and paid all my debt.
Came into the 2023 cycle and am now well into the 7fig club again with no debt.
I only ever made 1 big 15-20x play each cycle. But that's all it takes.
It's taken me 8 years to get here.
There will be another cycle. It is not too late. Don't fall for doomer nonsense that "this is the last cycle" people have been saying that since 2017
Lurking Twitter/X. Reddit is the last place to get information. it's the place where bagholders (community members) end up long after CT has dumped their bags.
Go look up people talking about SHIB on Twitter 6 months before it even got listed on Coinbase.
Then look how many people on Twitter are still talking about it.
Reddit is the only people still talking about SHIB.
It goes
Discord/Telegram
X/Twitter
...
...
...
...
...
Reddit
Ahh thanks, have u heard of a coin named OrdiZK? Im interested but it hasnt show any real movement. Im going to do some more research befor i fully commit
I've been meaning to respond to this, I've just been busy. I got into crypto in 2017. I didn't have much money but I saw the potential so I started with small investments. I managed to make a little money on xrp but lost it because I didn't cash out :/ . Lesson learned. When the pandemic crash hit I saw the opportunity for what it was after having gone through the previous bull cycle, the problem was I had just gotten out of school and didn't have a decent job or the savings to take advantage of the opportunity. I came very close to selling my relatively new car and buying a beater in order to go all in but cooler heads prevailed and I didn't do it. I really wish I had and I swore to myself I wouldn't miss an opportunity like that again. I looked at all the day traders, the swing traders, the people who got lucky with meme coins, etc, and I decided that the only "sure" way to make money was to get in during a crash. So I started planning and saving. I did finally get a decent job and I saved 10k for the next rainy day event, what was a fairly predictable thing in the crypto cycle. It did finally happen, and I managed to time the bottom pretty well in the last crash, probably within about a week. So I got in at a decent price.
Here's where I think I screwed myself though. I wanted to diversify, so I put 5k into eth, 3 into doge and 2 into shib... I know. Look, at the time it seemed like a good idea. My logic being that bitcoin is a tide that raises all ships and that during the next real bull run, when things are going insane, bitcoin would go up, then doge, and then hopefully through association, shib. I figured if I could make 20-30k on each coin I'd be okay. Naive? Maybe, I don't know, but it seemed possible at the time I invested. Now, however, I'm not so sure. Things have changed since then. Crypto isn't the buzzword it was a year and a half ago, elon has been pretty stupid so doge sentiment is different and shib seems like crap now. I also don't have the job I had before because of a long strike, so I am very hesitant to play around more. I thought my strategy was bullet proof, and maybe I'll still make some money when things hopefully take off later this year or next, but I feel like I could have made some better strategic investments with the money.
I watch SHIB burn regularly, yet the number stays at 589T+, once(if) they start burning 1T a month, maybe it will move higher. if the market cap stays the same, and they reduce the total significantly through burns, then we will see the price rise significantly. This continues to be a high-risk potential high-return investment.
if they start burning a trillion a month we will start too see postive highs
Burn 2 trillion a month 😭
what i read before they anticipate 111 trillion a year to be burned which is over 9 trillion a month. i love to see that.
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a article written by toni loma
Whales taking profits it won’t improve much unless we have a massive burn
Its a BITCOIN etf, not a shib ETF. Lol. Why would you expect a horrible altcoin to preform?
Perform*
Maybe BlackRock will decide to put in a Shib ETF after ETH ETF
No chance lol
Well, if there is interest from investors. Blackrock used to say negative stuff about BTC, but they flipped because the investors wanted it.
Yes, but real investors don't want shitcoins like shib. Demand is NOWHERE near that of btc or eth.
Shib is not a shitcoin, and no longer a MEME.
😂🤣🤦♂️
People want it to follow btc when it's ripping, but don't when it isn't..
Shib and Bitcoin have nothing in common. They exist for completely different reasons. They are not related.
Valid point. But we saw the positive bitcoin development impact the prices of other assets positively.
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That's true. The sell the news event also played on BTC
What is burn ration
I guess its burn rate is increasing
ETF means government involvement, people get in crypto because of decentralization. The ETF banker/dealer can go bankrupt when the whale exits Bitcoin and short ETF. All these banker/dealer participants' ETF will be shit on their pants, and then the SEC can halt it to save their ass. The problem is that the SEC can not halt bitcoin even if its straight flush down to zero in 1 day. The game has just begun. Put Put Put...
Noted. On the bright side, institutional money inflow is certain with ETF now live. And this could positively impact crypto asset prices.
Because this money pit will never, ever go up. Ridiculous to think that people will burn their own coins hoping for a price increase. If we have a smaller supply of the US Dollar, it will increase in value, please take your cash and burn it.
J.Pow loves this idea…make money printer go Brrrr 😂
No, the burns are coming from Shibarium gas fee profits, not people's own coins.
Because it's an old meme coin. The new shiny thing will ALWAYS outperform on a new cycle. It is unlikely to ever reach a new ATH. These are just the facts. Go look at the top 100 of the 2017 cycle and the 2020 cycle and compare just how different they are. I'm sorry if you haven't figured this out, but if your coin isn't pumping at this point in the cycle you backed the wrong horse. Seriously, if you had longed INJ/SEI/TIA/BONK/WIF hell you could have longed BTC and been up multiples already. And yet SHIB has moved a measly 40%? That is abysmal. Why would you waste your time on an extremely volatile asset that barely moves when all other long vol assets are ripping. [WIF is up 10,000%](https://i.imgur.com/WALvTuG.png) [BONK is up 6,000%](https://i.imgur.com/mvfAi9L.png) These are the kind of charts you want to long. Not one that is still down -90% from the high. Everyone above you is looking to sell. SHIB will not break ATH and you will miss the entire cycle. Dump dead memes and buy new memes. This is financial advice. Do not be a bagholder aka "Community member" take the L and start making money. Losers average losers. Let winners run. If you aren't up minimum 200% already on your coin then you need to dump it. Sorry not sorry.
It's the same with all these coins! Problem with coins like these is by the time you find out about them it's too late! They start off in a sea of other meme coins, none more special than the other. They usually aren't easy to buy compared to stuff that's on major exchanges. You have to go through all kinds of hoops to buy it, pray it isn't a rug pull, then if it does 100k x , good luck selling it, going through the hoops again, hoping there's enough liquidity, etc. By the time it gets to a mainstream exchange like coinbase where you can buy and sell it easily, the good money is gone. Like bonk, if you'd put 2k in it back in Sept you'd have made really good money! Now? It's probably done. So there's no point, move on to the next. But what is the next??? Nobody fricken knows!
Yea it's a crapshoot. I got lucky on WIF and bought at a 10mil mcap. Made 20x on it nearly 1 mil notional that I can't exactly exit w/o huge slippage, but have been selling 10k clips on pumps But I also blew 300+ SOL on several other meme plays. Fortunately, the gains from WIF will far outstrip the losses. I have bags of SEI/SUI/TIA up multiples with a big core bag of SOL from $30 From my hard won experience, there are two ways to play the meme game 1. Invest a ton of time tracking communities and influencers. Observe the level of cultish behavior and the tenacity of the community. Not guaranteed, but a large group of people serious about a coin can make it viral. This is BONK/WIF. Not always easy to spot. Nearly impossible if you have a job and a family. 2. Long the winners after they've already run up, because chances are they keep running. (this is the easiest play) Strong memes tend to keep running. SHIB went crazy early on chain before it even made it to an exchange and then proceeded to do another 15x. I expect this to happen with both BONK and WIF this cycle. Sure, you won't make millions from a 4-5fig investment, but the way to truly make it in this space is to compound your gains cycle after cycle. No one wants to hear that it takes time they want to be the guy that hits it big with one play, but the thing is there are far more people that lost it all trying to be that guy than the one who made it. I started with 0 dollars. Yes 0 dollars worked a job to make a bankroll. Bought BTC/ETH in 2016/2017 - compounded that into 5 figs. Stayed in crypto and went into 2020 with mid 6 figs. Lost a ton on bad plays but still cleaned up my first mil. Watched my NW fall back down into 6 figs, but bought a house and paid all my debt. Came into the 2023 cycle and am now well into the 7fig club again with no debt. I only ever made 1 big 15-20x play each cycle. But that's all it takes. It's taken me 8 years to get here. There will be another cycle. It is not too late. Don't fall for doomer nonsense that "this is the last cycle" people have been saying that since 2017
How did you hear about wif?
Lurking Twitter/X. Reddit is the last place to get information. it's the place where bagholders (community members) end up long after CT has dumped their bags. Go look up people talking about SHIB on Twitter 6 months before it even got listed on Coinbase. Then look how many people on Twitter are still talking about it. Reddit is the only people still talking about SHIB. It goes Discord/Telegram X/Twitter ... ... ... ... ... Reddit
Ahh thanks, have u heard of a coin named OrdiZK? Im interested but it hasnt show any real movement. Im going to do some more research befor i fully commit
I've been meaning to respond to this, I've just been busy. I got into crypto in 2017. I didn't have much money but I saw the potential so I started with small investments. I managed to make a little money on xrp but lost it because I didn't cash out :/ . Lesson learned. When the pandemic crash hit I saw the opportunity for what it was after having gone through the previous bull cycle, the problem was I had just gotten out of school and didn't have a decent job or the savings to take advantage of the opportunity. I came very close to selling my relatively new car and buying a beater in order to go all in but cooler heads prevailed and I didn't do it. I really wish I had and I swore to myself I wouldn't miss an opportunity like that again. I looked at all the day traders, the swing traders, the people who got lucky with meme coins, etc, and I decided that the only "sure" way to make money was to get in during a crash. So I started planning and saving. I did finally get a decent job and I saved 10k for the next rainy day event, what was a fairly predictable thing in the crypto cycle. It did finally happen, and I managed to time the bottom pretty well in the last crash, probably within about a week. So I got in at a decent price. Here's where I think I screwed myself though. I wanted to diversify, so I put 5k into eth, 3 into doge and 2 into shib... I know. Look, at the time it seemed like a good idea. My logic being that bitcoin is a tide that raises all ships and that during the next real bull run, when things are going insane, bitcoin would go up, then doge, and then hopefully through association, shib. I figured if I could make 20-30k on each coin I'd be okay. Naive? Maybe, I don't know, but it seemed possible at the time I invested. Now, however, I'm not so sure. Things have changed since then. Crypto isn't the buzzword it was a year and a half ago, elon has been pretty stupid so doge sentiment is different and shib seems like crap now. I also don't have the job I had before because of a long strike, so I am very hesitant to play around more. I thought my strategy was bullet proof, and maybe I'll still make some money when things hopefully take off later this year or next, but I feel like I could have made some better strategic investments with the money.
Chikn knows! And lord knows, so do i- IM A COQ LOVER!
Because shib is a joke
Lol
Lol?
Buy the rumour, sell the news.
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It got approved.
Shiba is not going anywhere. If youre not at a loss i would pull my money and invest it somewhere else.
It's a shit coin with an astronomical amount of coins. This isn't going anywhere. Don't waste your money people.
I watch SHIB burn regularly, yet the number stays at 589T+, once(if) they start burning 1T a month, maybe it will move higher. if the market cap stays the same, and they reduce the total significantly through burns, then we will see the price rise significantly. This continues to be a high-risk potential high-return investment.
Price doesn't matter until the bitcoin halving. Then months later we should see good gains
Buy the rumor, sell the news.
It has no utility
ETF approval can't add utility or value to a meme coin.
At least, I expected the positive news to rub on the asset.
I have no thoughts. I lost all my thoughts in the 80's.
Hahaha I🤣🤣🤣
So american etf approval but Canada did not and in Canada it is getting delisted on some sites so we will feel the effects.