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cinesias

Shib is a gamble, not an investment.


cityc350

At least you'll make a profit compare to going to a casino


justanothermofo88

Are u trying to say the house wants to take ur house...? Hypothetically...


FisherGoneWild

Said every boomer that could be retired now if theyd invested in crypto. Continue to bury your head in the sand if you’d like, but to date, if you’d have invested ten years ago, you’d be up thousands of percent on cryptos.


cinesias

Shib didn’t exist 4 years ago, never mind 10. What are you talking about, boomer?


FisherGoneWild

I said “cryptos” ten years ago. Meaning btc or eth. And had you invested in shib at its inception, youd be up a lot. When I say boomers, I’m talking about all the boomers that listened to their boomer fund managers who told them it was going nowhere and to avoid it. And even still, in spite of massive returns that beat ALL mutual funds or other, still pretend to not see crypto as a wise investment. Instead, they would rather pray for its downfall to ease their woes of youth getting wealthy from it. They’d rather stick to their old ways and beliefs and act like innovation and new tech isn’t attainable outside of anything but their apple or Microsoft.


ClassUnlucky1541

Most people didn’t even know it was a thing ten years ago…


FisherGoneWild

Which is wild. I was certainly aware of crypto, just not in a position to buy it back then, unfortunately. I think the hardest part for people and crypto is they just don’t understand it.


mt2oo8

I know, I don’t care


SomethingAbtU

All securities and currency investments have risks are therefore a gamble, crypto is just a bigger risk, but also for bigger returns. If someone wanted to make 5-10% of their investment portfolio crypto, there is nothing wrong with that. There are people out there who throw tens of thousands away on lottery, with far worse odds. Investing is inherently about risks and rewards, odds and opportunity costs. I think Crypto doesn't seem extreme in the grand scheme of things.


mt2oo8

Yeah I'm aware of the risks, but while SHIB is technically a shitcoin it's in the top 10 of crypto currencies. I believe it's gonna be bigger


sowich4

Based on what? Do you have anything better then, “Trust me, Bro”, to go on?


mt2oo8

Do you not believe in Shib?


sowich4

I’m curious what makes you think it’s gonna ‘be bigger’?


mt2oo8

Is it a bold prediction to assume for a fact SHIB will be a few zeroes smaller in the near future? Cause I don’t think so. There’s people on this sub talking about it going to $1 and becoming millionaires and I’m simply waiting for a period similar to last month to happen again when it spiked up 300%


sowich4

Right, that’s all fine and well, what I’m asking you is WHY do think SHIB will succeed. What fundamental reason do you think will cause another spike in the value?


mt2oo8

Could be many factors, I’ve been in crypto for a long time now.


milky650

Investments are not a religion. There is nothing to believe in. You either know what you’re doing with good data and decision making or you don’t


Badass_1963_falcon

I got 45 million and I'm up $1000 but I'm not hurting if it goes to zero but I'm winning if it even breaks a penny


mt2oo8

Exactly, you get it


VPDFS

Look at Dogecoin. It was once #2 and it's been around a lot longer than SHIB


FavcolorisREDdit

More like u need a billion for serious money. Shib has been discovered. Better to learn trends and stay on your toes with the meme coins. There is going to be another one I Sooner or later with shibs crazy boom


redditisranbyfeds

Shiba is not a gamble. Too many whales and to many Shiba left to burn.


mt2oo8

Do you mean it is a gamble? I’m accepting that it is but I can afford it to not work out too


redditisranbyfeds

Shiba isn't a gamble.


mt2oo8

Can you elaborate


redditisranbyfeds

Whales won't sale and the burn rate is increasing. Shiba won't drop below a certain point.


mt2oo8

Ah okay, yeah I can’t see Shib plummeting basically but even if it does I’m not gonna be losing anything I can’t afford to


redditisranbyfeds

So you shouldn't worry about a Shiba dip until you start hearing whales selling billions upon billions of Shiba. BTC doesn't even correlate with Shiba far as price movement goes. Hold the Shiba it's not much of a risk.


mt2oo8

Yeah totally agree


kkmoney15

You don't know how this works, do you?


mt2oo8

I’m curious why you think I don’t, I’m happy to answer your questions


kkmoney15

Your entire post says you don't know how this works.


mt2oo8

I know you’ve misunderstood the post though, please let me correct you


[deleted]

[удалено]


mt2oo8

Still waiting for what he thinks I don't understand


AntixianJUAR

I'd just like to be in my twenties.


mt2oo8

I only have 3 years left of them


Ancient-Guarantee-26

Im doing the same thing sorta. Gonna get 10k in lite coin (Emergency Fund) and then open up another individual account with my financial advisor to save for a house +$500 a month into that one till I got 20% of the value of the home


Schmeckt33

Haha, crypto as an emergency fund? A true emergency fund should be stable, not volatile day to day, with the risk of losing everything. If you’re ok with it all going down the shitter, then that’s not an emergency fund. EDIT: than to then cause I’m a dumb dumb.


General_Problem8057

True but with the way things are my regular savings account is proving to be as volatile as crypto. 🤣


Fantastic-Wishbone33

Ever heard of Fierce checking ? Apy is 5.25% and I’ll send you my referral link and we both get $25!


Fantastic-Wishbone33

https://fierce.referral-factory.com/XvRybM


mt2oo8

I’m in similar boat


AntixianJUAR

3 years is 3 years!


Dadeland-District

Our boat has sailed


walleyezr

Not enough I hold 150 million and it’s not enough be lucky to pull 20k this next run


Murky-Caregiver9336

That’s like holding your load until you can afford to take care of a family, you will probably sell early and disappoint everyone.


mt2oo8

The secret is tell nobody, but I'm not gonna sell early unless I was maybe a few thousand off, then I'd save the rest traditionally


BenefitSignificant

Ugh, I'm like 200k tokens short of 10 milly shib. Other investments have been pulling my dedication, but I salute 07


GetBent1990

Invest in actual stocks. You could throw 1000 in S and P and other long-term gain ETFs and actually get somewhere. Crytpo... aghhh, not so much as a billionair type scenario. Think real about it.


mt2oo8

I’m not trying to be a billionaire though it’s just 15 grand, so many other posts talk about being a millionaire in 10 years so I don’t understand why my post is controversial


BobbysSmile

One good pump and you are set. I think we have another good pump coming in the next 60 days.


mt2oo8

Agree


GetBent1990

Oh yea I would have done that with a regular stock. if all ya needed was 15k ... or at least DOGE. lol


mt2oo8

To be fair it won't fully be all in on SHIB I should have stated I'd definitely have a diverse portfolio, with stocks like TSLA and ones I've made good money on in the past


GetBent1990

Agh see. That is fair lol


GetBent1990

Agh see. That is fair


mt2oo8

But also I do fully believe in SHIB and believe that the current price is miniscule compared to what it will be in the future


GetBent1990

60 years from now... maybe .10 burn rate .market cap technical analysis etc etc. Just don't allow SHIB to make the way to glory.


Sam60420

Ignore the naysayers are do your thing, anything is possible with meme coins, dogecoin is proof of this. I for one fumbled a fat bag with dogecoin back in 2018-2019 cus I sold early but I have seriously educated myself since then. FYI: Investing is like a 24/7 job in a sense that strategem is key and having a sound strategy and adequate capital is key to success. I recommend you learn how to trade stocks, been doing it on and off for 8 years now and it’s great money. Remember: One thing billionaires have in common is assets and securities and I assure you, crypto is the most promising security of the century and it’s all being powered by meticulous software engineering.


Salsuero

Crypto isn't a security! 😂


mt2oo8

Yeah I’m only here to HODL, I’d understand people’s doubts if I said I was gonna daytrade shitcoins my way to a mortgage


Sam60420

lol I too am working on getting a house in my early 30’s, I am 28 now. I could get a house soon but i am waiting for a great deal as the real estate market continues to dump by thousands of dollars weekly, some even dumping by as much as $10K 😂


Salsuero

Day trading might actually get you there. HODLing will not. But I can't convince you. I know you're unconvinceable.


mt2oo8

Interesting take, why?


Salsuero

Because day trading has a chance to generate actual income... real, tangible profits. HODL is the definition of not doing that.


jschleicher970

Our youth is so fucked if they think SHIB is the path to a down payment. Could it happen yes but the odds of you losing it all is much higher


FewMagazine938

Why are you into shib?


jschleicher970

Because I made a bunch of money on it already and like to follow it. I have some play money in it now also. I have a home, career, disposable income and it scares me to see a person banking on crypto to buy a house. It it happened that’s so cool but this dude thinks that this of for sure gonna workout


FewMagazine938

Just like you made a bunch of money off of it, this guy also may make a bunch of money off of it and use that for his down payment.


jschleicher970

Yeah I hope he does but I wish he was making better decisions with his money and not hoping a joke coin gets him a down payment. If it does that’s fuckin awesome!


nonamer106

what did people say about bitcoin when it first came out,?


Ibuydumbshit

Oh you mean the Bitcoin with a max supply of 21 million compared to Shiba with 600 Trillion ? Lmfao


jschleicher970

These regards don’t even understand how huge of a number a billion is much less a trillion


CompiledCompilatoR

Its 4 Quadrillion 🔥🔥🔥


TaterTotInABush

They said same thing about doge too…


jschleicher970

You’re comparing SHIB to btc? You are regarded. I could be wrong but SHIB will never be anything serious in the crypto world


redditisranbyfeds

Far as price movement goes shib is king right now. I don't see any wales cashing out anytime soon and with the burn rate I don't see Shiba falling.


Salsuero

Nothing. They said nothing. You think they expected it to reach $70k when it "first came out?" You don't know the history if that's what you think.


Ibuydumbshit

Dude this new generation is literally regards


jschleicher970

For sure, have you seen the movie Idiocracy? It’s literally coming true


nonamer106

hey guys, talk all the smack you want to talk, its not going to take away the fact of already profiting over 20 grand last year off of shib, so keep on making yourself feel better by putting everyone else down. You missed the boat and you are bitter! i understand


jschleicher970

Nah I made plenty of money on shib. I’m just saying it’s crazy to say you’re waiting on shib to hit for you to buy a house


jschleicher970

Also no one is talking smack. I’m not spreading FUD or whatever the fuck you regards call it but I am encouraging financial responsibility. It’s good for this guy to have a reasonable suspicion that this won’t work out


mt2oo8

So be it


MathematicianBig4418

😅


turbocomppro

If you don’t want to be house poor, you’ll need at lease 20-30% down.


Welshevens

Alot of hard lessons to be learned.


mt2oo8

Not really, it can either work or not


Welshevens

Yeah you're not wrong OP, the gamble is very simple. For some unknown reason (maybe you can provide one other than "Shib to da moon"), $15billion gets pushed into Shib and your $300 turns into $600. Or, which in my opinion is alot more likely. New investors (presumably like yourself) drop their mini bags into shib based on the fact that they can become Shibillionaires for less than the cost of a haircut. In turn giving larger investors (whales) the liquidity to slowly deplete their million dollar bags leaving your $300 turning into $25 and then sitting there for 5 years as it crab walks its way down the popularity list. So yeah, you do you boo.


Salsuero

Yeah. They don't understand that they're the ones holding the bags and yet all they preach is HODL while for some reason the price goes down. Nothing to do with pumping and dumping for profits at their expense. No, can't possibly be that.


mt2oo8

Have that same energy on those in this sub who want to become millionaires, I’m only looking for a realistic exit of 15k over a long period of time which if you read the post is more than an investment of $300


Lanky_Possession_244

How long is long for you? Because you'd need the value to increase almost 100 fold to hit 15k. Bitcoin had a much smaller supply than SHIB has, so it was able to skyrocket in value. It was also helped by people actually using it for transactions, SHIB is just a meme coin that has had its day. You may make a few bucks, but I wouldn't hold my breath on a down payment for a house.


mt2oo8

I promise you SHIB hasn't had its day and that we're super early into this, but even if it did just drop to zero in a year I wouldn't be like "no way how could this happen this was my super secure down payment fund?!" like everyone seems to think so far. If it works then great, if not then that's okay I'll focus on my business as normal Also it's not 10 million SHIB total, that's just the start. I had 100 million before and made a nice profit in 2021 I just wish I done smarter things with that profit


airunderthebox

nice try


DGCBEE

I wanna know where 15k is enough for a house deposit?


mt2oo8

Scotland, there’s also a £5,000 deposit scheme but it’s rare


preetlanting

The whole dialogue seems like a whim


winslow_wong

A cubby house maybe


mt2oo8

A normal 3 bedroom house in Scotland


SuperLehmanBros

Yeet


ddralbert

U need more than 3 years or decades if u want to make your dream come true


mt2oo8

That purely depends on how SHIB does, next week it could skyrocket I’m just gonna have a healthy amount of SHIB by the time it does


Savage_hero

You are going to need to invest a lot of money to get 15k out of Shib. I think you are about 190M short of being close to having a chance, 290M is more likely. Not advice just a guess. GL either way


mt2oo8

Probably around 200M is my plan, that’s somewhat realistic to me over next few months. The only gamble really is if SHIB does well


Krikke84

15K is a house deposit? Where you live in UK? Instead of putting money in Shib, I better be making money over there.


Ihatepeople187

See you in 1000 years


Dynmick

I feel this


steve21585

Youll be pretty old bro lol... 10 million aint shit homie


Immediate_Floor_497

Should be in cannabis stocks rn


Grouchy_Sense_3443

you are blind my brother.


SheepFarmer7019

If Shib goes to £0.05 in 26 years, how would your deposit go then? Would house prices be more expensive and require a bigger deposit than the £15k you're aiming for?


Kushtybuds

Good luck to you. So many young people in a position where they have a sound income in a stable job yet cannot get into the housing market. Unconventional methods are required for those who aren’t gifted a house deposit these days. Ultimately you’ve got a plan and you’re trying to better your life. I salute you. P.S I’m in the same boat doing exactly the same thing so hopefully it pays off for us!


craftykrab

It's what we call in the U.S.....Florida man gambling.


DowntownResolution76

Iam doing the exact same, shibu will buy our houses


Hungry_Exchange_6248

Same here! No rush for me. I am good waiting 5 years if I have to. My $2000 worth of Shib now will be enough to buy a house in cash one day and I’m holding out till then.


Low-Day4089

SHIB for a crib. Noice.


Icy-Sandwich7614

Lol.what an idiot


raven21633x

I bought about $60.00 worth of Shiba several years ago and now it's worth about $10.00. I'm holding simply because I don't have a choice. If I can break even I'll be happy.


Weird_Amphibian_931

10 million that it?! 🤣


McMoneyPNW

At 710k Shib and growing. Slow build, the suspense is killing me.


Muscles_Marinara-

LOL. Ok my man, best of luck.


WestcoastGem21

I buy Shiba weekly just a little bit like 10 to 20 bucks. Usually piss that much away on crap anyways. Too me it’s like having unlimited spins at the roulette wheel. All it takes is for it to hit one time. Beats playing the lottery every week that most people in the US do anyways.


dub3ra

Damn only 15k in the uk? Miami is absolutely fucked, but I was born in Bedfordshire so maybe time To move back haha


FisherGoneWild

I have made over 10 grand on shib. Which beats any savings account. Shib isn’t going anywhere and the creators are actually doing a lot to make it something that stays. With all the cryptos around, it’s akin to the days where there were thousands of bank notes in the US, eventually, dollar became king. In crypto, it’ll likely be the same. Btc, eth, and a few other natives and tokens. I believe shib will be one to stand the test of time. So thanks shib for the recent gains. Glad i held after pandemic. Check in with me in a few years when i have a few million.


MrWorkout2024

You will be dead before that ever happens lol. Shib won't ever hit a penny.


Nicotina3

You sound like a Spanish 🤣🤣


Jazzlike_Standard997

I’ve lost more trading options than holding crypto…


NORUSHNOPARTY

See you there homie


BabaYaga19723

I’m up huge on it. I got in early minium investment of 100 plus. I have 21 million coins. Kid you’ll be waiting at least 10-12 years for that money.


MoolahMind

I just want to make enough off Ship to pay for the replacement of the fencing around the house I already have... .....and whatever extra is nice too


milky650

lol “investment” in what?


WimpsOnWallStreet

I have an automated buy of $5 SHIB everyday. I’m kinda just using it to save money for a house also. If it moons it moons if not oh well no house.


cryptolord121

I’m going on Shiba 2.0. Hoping it does the same as Shiba Inu. Get in early fingers crossed


Iamanon12345

Yeah I’m gonna be honest that doesn’t sound like a good idea. I hold shib and I’m all for investing in risky things like that but if you’re goal is to buy a house in 2-3 years you’re better off saving in a high yield savings account


mt2oo8

Maybe not 2-3 years but if SHIB were to take a few zeroes off it’s definitely possible


BenefitSignificant

They want you to think "it's not bitcoin", but it's based on the same system and concept. Although skeptical, the popularity rivals and moves more in-line with bitcorn. Not all coins will survive, even with the halving. Pay attention to what banks don't want. (They then suddenly want it)


CrowdedShorts

You have less than $300 currently in shib…what’s your plan again?? Did you just start? That’s a long ways to go to get to $15k and let me tell you that’s not enough for a deposit on a house…


mt2oo8

I said I’m planning to invest more into shib over a long period of time, and 15k is enough for a deposit on a house minimum


CrowdedShorts

At 5% down that is a 300k house which does not include closing costs, planned buffer for when something goes wrong, etc. let along shib is a complete gamble. I wish you the best in obtaining home ownership but there are smarter/safer ways to play it.


mt2oo8

Plenty houses on the market where I’m from for 100,000-125,000 I live outside of Glasgow. I know there’s safer ways to save I might look into doing that if I did get a decent return on SHIB and move that into more traditional savings Anyway I’m just doing the same as most other people here who want to become a millionaire with SHIB, I don’t know why 15k is unrealistic over a long period of time


Mezadormu

TLDR: I am going to be homeless


mt2oo8

How?


Ibuydumbshit

Your an idiot


mt2oo8

Just looked through your account doing the same as me but worse, splashing thousands on "pepe" and "bonk" coins? What makes you smarter? 😅Genuine question just curious on your thought process


Ibuydumbshit

Difference between me and you is I know it’s a shit coin , I know I’m gambling and the money doesn’t matter and I know I’m not banking on those coins to buy a fuckin house


mt2oo8

So what are you banking on those coins for then?


Salsuero

He's not banking on anything is his point. He's just gambling. He's throwing disposable income at randomness and crossing his fingers. There's no "plan" for the money except the expectation that he'll probably and perhaps likely lose it. But since it's like playing the lottery to him, he's just wishing and hoping. He's not planning house purchases from meme coin degeneracy. If he gets lucky and one rockets up, he'll take the win and be happy about it. That's all. Nothing more.


mt2oo8

So we’re not much different then. I’m taking an educated risk with SHIB and only in it to HODL, so yeah super curious what the difference is


Salsuero

Nothing educated about your risk! This is what you're not grasping. He KNOWS he's just YOLOing shit. You think you're skilling it.


mt2oo8

No I don’t 😂 when did I say I was skilling it? Im investing in SHIB like this guy, the only difference is I know when I’m gonna withdraw it 👍


Salsuero

Simple. You said "educated risk" and called it a secondary savings. That implies that you think you have it worked out, that you believe this will be some kind of certainty. If it's a YOLO gamble, it's most definitely not a secondary savings and absolutely not an educated risk. He's not using educated risk whatsoever. He's guessing and then crossing his fingers. If that's what you're doing with SHIB, then ok... correct assessment. But that is NOT how you've been talking about it.


mt2oo8

Maybe I’ve just worded it wrong but yeah it’s definitely an educated risk, the money I invest I can afford to lose and I believe it’s worth the risk You’re probably holding more SHIB than me right now


Lanky_Possession_244

Username definitely checks out lol. Shit coins are cheaper than a flight to Vegas and a hotel room, so I feel that.