Bitcoin Forum

Some token micin market prices have been destroyed, I just bought Shiba 1200 Dollars a week ago.  I plan to hold it for the next year, do you think the price will be good again? What should I do, wait for the price to increase or wait another year?

If you're going to hold it for another year, that's probably great. Just pray that more and more shiba will be adopted by big companies, so that the price can go up again.

I think you need to Hold Shiba until the pump is back up if your goal is not long term.  Shiba can short-term pumps, many cinemas accept Shiba with open mind.  That's also why it's easier for more communities to come to Shiba.  Of course, I think you understand the meaning of Shiba's value within limits.  So I think you will need to keep holding the reins.

There are some things that you must consider before try to judge your coin that already decreased a lot whether it's worth to hodl it or not.

1. Development progress, if it's still in the development and it's still good to hodl it as this will become a long term investment.
2. it was not getting any pump yet
3. It has a fully working product

I see that you were buying shiba inu at peak price but it's possible for shiba to go down even deeper as robinhood will not listed shiba along with kraken exchange site. The chance for the price of shiba to go up again to make a retrace will always there but i should remind you that if you're buying this thing at wrong time. So many awareness already warned you to never buy FOMO or you will be lost. If you're long term believers of shiba and just hodl it but if you think this coin doesn't have more room to growth and then sell it but you must also think about your lose.

well you've decided it from the beginning right? for long term hold? just do what you believe. since I don't follow shib how many percent of your assets have decreased at this time? before buying you would have expected something like this might happen right?  maybe if i were you i would start trying to accept whatever has happened. and be the holder as you planned from the start.

I'm not sure that Shiba will be adopted by many companies in the future, because in cryptocurrency there will always be new and better things in the future so the attractiveness and durability of tokens like Shiba Inu will be doubted by some.

long term is a good idea for shib in my personal opinion, but of course keep monitoring the growth rate so that you don't miss the opportunity to dump your profits from it before it goes back to the dip again. Remember its a meme coin so don't rely on it and always think for your safety.. Join some groups around the internet about shiba so that you're updated maybe a good idea to prevent losses in the future and to don't miss the opportunity which is the most important.

Actually it's not great at all. There's no assurance that meme coin will still hot next year since there's already bunch of it in the market. Most of the meme coin pump this year and its only because Elon Musk promote Dogecoin which is the father of them all, They already get too much exposure and buy pressure so the next price movement will be a strong correction and a bear market might occur for more than a year just like what happened on Bitcoin before.

Buying at peak is very painful especially if it's just a hype coin without any fundamental. Holding it for a year without any expectation for a brea through update is a very naive move. Don't put faith on this kind of meme coin except Dogecoin, Unless another billionaire show interest on it then Shiba might pump to the new heights.

You are investing in this project at the wrong time, probably it was during the line is going up and to tell you that you are buying at FOMO and have yourself fall into the trap. Your option is to wait until the rally is coming back but never expect that much as certainly we are not sure or/it never come back again. I hope you don't get mad but something you need to think what gonna be your exit plan when we can never see its sunrise again. I guess you have to decide to sell it. Well, if you have the guts to wait for it.

I'd prefer to be investing in coins that are down 50-70% against Bitcoin, even if they can drop 80-90% in total, as have a lot more potential than coins that are still up 10-100x against Bitcoin already. Recently while taking a lot of profits there were also some investments I was keen to keep, as hadn't performed so well in Q1/Q2 rally, so have a better chance in doing so in the future imo.

That said, some coins are just looking aweful and like they'll never outpace Bitcoin, some older coins as well as new. Those that are barely maintaining their fiat value are worth getting rid of!

In this issue my Answer is that every coin are great but depend a time some coin you hold in some time you get a high profit and some coin you hold in long time but the price are that which you purchase and suddenly they are pump in you receive a wonderful profit so it depend your time and luck.

Shiba and Doge are the furthest coins which you can consider “long term investments”. If you want something for long term investment besides Bitcoin then buy ETH, XRP, LTC, etc but not Shiba.

Shiba is nothing but a meme coin. Only reason it’s successful is because people missed the Doge run so they want a second chance, they got lucky when it got all those listings. However that wallet with the $5Billion in coins started to move and it’s tanking like crazy. Just now it’s making new recent lows. Keeps going lower and lower.

Buying Shiba $1,200 is a big risk but if you can buy at the lowest price, you are making a profit a few days ago. I do not know if Shiba is a good investment as Shiba is one of the meme coins which we do not know when it will increase. But I guess you can stake Shiba in Binance to increase the amount while you are waiting for the time for Shiba to increase again. Still, there is no guarantee for Shiba to increase higher again in the future as that will still be a mystery.

We cant say if the price of Shiba will going to pump drastically again if you hold for long period. But its a meme coin who dont have utility, the price can drop and possibly never recover back, thats the risk of holding a meme coin which relying in pure hype.

If its me I think I will wait for a bounce back to minimize the losses and switch to coins that has use case and can survive even the market is in bearish trend.

For me I don't trust meme coins much, they are very volatile as they rose to big levels it can go down to big levels too, look at the chart you will see that Shiba is down 26% in a week, personally I don't trust meme coins for long investment they are only valid for quick profits, In my opinion, if the price rises and you get a good profit, you should not miss the opportunity, especially since I read on Twitter a news about the owner of Shiba that he is transferring his money from the wallet, and this news, if true, is a negative indicator that can lead to a significant deterioration of the Shiba.
In any case, the decision remains in the end for you, if you trust the coin and plan to invest for the long term, you should not bother with all these fluctuations in the price but do not forget to "only risk what you can afford to lose".

There will always a chance for the price to bump again after the dump. shiba inu has been getting more than 300% which was make sense to see consolidation before it will be going even higher than its current ATH. The pump will never last forever. The correction was a must because there will be lots of profit takers go out from the market and if you have not yet sold your tokens and you lose nothing although the price was going down so hard but it can also back anytime but if you're thinking you can't handle your emotion to see the price of shiba inu was going even deeper and then that's your own choice to cutloss your investment but you will never able to recover it once the price of shiba inu will be pumped again.

I think that the price will be good again as this is just a reaction from the market about the latest news from robinhood and kraken. once those platforms will change their mind to accept shiba inu and we will see that another FOMO will come again soon. If you believe with shiba and you must do nothing for that

You must have considered and analyzed before deciding to buy Shiba 1,200 USD. Shiba is a meme token that is different from other meme tokens. If you are able to be patient to hold on for a few more years, then you will make a profit. Of course, the price ordered should not be too high from the current price.

holding this shitcoin for another year? at least you understand that this is a Meme coin right? and you know that this has no product right? given those things then answer your question , will you really hold this coin till next year or will convert once you takes back your capital?
personally i wont advise you having this for long term because there is no bright future trusting coins that pushed by Elon Musk , that is my personal view of course it is your coin and your decision to make.

What if you hold on to a price slightly higher than the current SHIB price because the potential for the Shiba Inu to increase again is still there and the hype isn't over yet. So if you sell at a price slightly higher than the current price, then I'm sure it won't take years.

Problems will still have to wait because the positive trend in some Altcoins has also arrived at this time with the increase in BNB, ETH, Solana and also Polkadot, so the Shiba Inu will look slow in its movement after the hype is over.

From your nick,,, from your history,,, and from everything you say, OP is not even telling the truth.

Someone who can afford to buy $1200 worth of worthless crypto, where this would be a huge fortune at least 6 months salary if not 1 year in their country (I can tell from their name), and then ask for advice, is just plain lying.

Shiva inu token have done more than 10 times I'm a spate of one month. It is obvious you both the top . Since you are keeping it for a year , out have nothing to worry about. The bull market may persist and you could make something impressive from your investment. You should kknow however that averaging down may turn out to be a rabbit hole for your investment.

The drop in the price of the SHIB token caused a commotion in the market, including Shiba Inu coin holder. Shiba Inu experienced a massive sell-off of more than 30% in one day. This condition is the biggest daily decline since last September, to this day the Shiba Inu still hasn't recovered.
The decline in the price of the Shiba Inu cannot be separated from the role of the whales who carry out large transactions. This condition makes Shiba Inu holder has to be wary of this warning.
Shiba Inu (Meme token) is good as a short term investment, if in the long term it is very risky, unless it is already traded on a top exchange.
 

Well, future view of companies that don't need Shiba's contribution, they look to major crypto platforms like bitcoin, ETH and BNB, plus a few projects with special backgrounds, so when asked about holding time and future as well as expected results, all can only be summed up in terms of prayer and hope. Shiba is not a reliable platform when formatted with coin meme name label, the most consolation is that it's gaining popularity fast and hopefully the last bull run won't forget to call its name, otherwise, it's hard to think what percentage of our loss will be in capital

It will definitely go slow.

The hype is about to be over but we'll not know if the hype will continue and rise suddenly if there are whales that will make it pump. And we don't know what will happen next year.

Bulls or bears? we don't know. But whichever comes by next year, those who have invested on meme coins, win or lose, accept it.

Coin up and down is normal, we can get maximum profit when the price drops and sell according to the desired price target, by continuing to learn then we will understand. We have to believe that the future of cryptocurrencies will continue to improve so that when the price drops then we don't panic

Its right but this not a new thing this is a normal thing the coin price are up and down in day by day time to time but they down there price so the coin rise there price in suddenly so i believe but i believe to luck my luck so i definitely received a high profit.

Not all coins will continue to rise, except for bitcoin and ethereum because they will surely make it to the top. But considering Shiba, there is no big difference from dogecoin since they are both meme coins. Once their hype is over, their prices will eventually drop again. And the fact that you bough Shiba in its high price, that's totally risky for me. Shiba might not drop very low this time because there is still a goof demand from its community, but i also don't think it will rise up even more, not unless another Elon Musk will try to backed it up and started a hype.

Actually, I would rather you didn't invest in shit coins and meme coins for the long-term. They are good for short-term trading so you had better sell them if they increase the other day. It is better to invest in mainstream currencies with real projects under them for the period of one year or more as meme coins rises just because of hype that can't last very long.

I don't think it's a problem if you want to sell at a slightly higher price than the previous price because if the positive trend continues as it did for a number of altcoins in the market, then it will also have a good impact on the Shiba Inu. Although currently the Shiba Inu (https://coinmarketcap.com/currencies/shiba-inu/markets/) is starting to look red on the chart, the chances of increasing it again exist even if only slightly.

Maybe the hype still didn't die last month after all there is a good plan for Shib. I have not invested in Shib but what I heard of that someone who bought $3000 Shib from the beginning was that he earned up to a billion because of it. That's really a big reward for being so early of it. If I just knew Shib is this huge since its inception I would have bought as well. I'd be satisfied already with just $1M  ;D

$1200 last week could have profited already if you have timely bought at the dippest price.

If you trust the coin then there is  no need to hesitate your plan and besides you have already purchased the coins then keep it.
but if you are just here to Earn and Go then you missed the chance because SHIB seemingly starting to fade away like what happen in Dogecoin couple of months ago, meaning the pump had passed and now the strong hands strategy stards.
Keep it Hold or sell it now decide your own.

It's very confusing what you are saying because the normal thing that doesn't need to be told is the ups and downs of coins and tokens in the market, because fluctuations in the price of every cryptocurrency in the market are things that are supposed to happen so that everyone can get their own benefits.

This is the market of volatility so we don't need to make it a big issue here , price will goes up and down and it is normal right?
but like what OP is asking if the token is keep on dumping then why need to go still when there are tons of option to choose and invest?
never keep in dying coin instead best to replace with more functional and potential coins.

Just wait until the price goes up again if you have bought a Shiba Inu. You don't have to wait another year, but you have to wait until the target to profit from the Shiba Inu is reached. It could be less than a year and it could be more than a year.
In short, I think that's all.

You should bought this token knowing its risk since after making its new ATH you can expect to see corrections and that is happening now. Wait for another year for the bull trend and I can say that SHIB is still a good one and it can rise again with a good hype. The price might not be able to recover before the year end but for sure, next year will be a great one for SHIB.

Depends on the fundamentals of the coin/token.

If it's SHIB then I would just give up on the position because I don't believe in the hype lasting for much longer.

But if it is something else, like ETH which has long term viability then definitely. I would keep holding it.

If you have a plan to keep a coin for a year, don't change your plan after a week.
I do not know what was your investment decision at this point, but for the future, remember that you do not invest when a coin reaches its ATH. It's always better to wait for the price to drop before buying.

Keeping alts for the long term is a high risk unless it is one of the top coins in the market. This rally pumped many coins and once the market starts falling you will find many developers booking their profit and staying out for a while until it settles down and you need to identify these projects and take your position if you do not end up being the bag holder.

I am just wishing here that OP will not regret of investing in SHIB.
We know that meme tokens is just a hype and may soon die down when people find another hype to watch.
It is hard to hold a token that has no use case and the future is dictated by the shilling of the community.
I guess, a lot will get burned from touching the meme tokens hype. Better cash out while you are still in positive side.

How do you guys mean here. At any point, a coin already has an ATH. So what you mean by not buying. Example with doge at $0.02 sometime ago was its ATH and Elon musk hyped the coin and it started growing to beat previous ATH and got another ATH ,kept taking out old ATH until it got to the current ATH. Again with other coins and bitcoin too before current ATH was previously at $63k but went above that to $67k , that is difference of $4k and that's some money that was made by some investors. ;D

According to me I never buy meme more than 1% of my portfolio we should not forget they are meme.
my advice is if you bought it hold it to end my policy in crypto is either give profit or give nothing moving here there is never I suggest.