Bitcoin Forum

Hi,

I am sort of new to investing and have some funds to invest. Dogecoin and Shibacoin have been going through much hype in 2021 so I am thinking of purchasing some of this new coin ShibaDoge. But I am a little confused, if I do purchase it by exchanging it through ETH and then later on I want to sell it, how do I sell it? Do I have to physically find someone who wants to buy it off me?

Thanks

So, are you wanna say if you wanna buying it through ico or ido? If you are able to buying it with your ethereum and you must able to do vice versa, right? If it doesn't listed in the market and then you will not able to sell your shiba doge. Is not it better when it goes to the exchange site? im sure that you will still able to sell it through dex as the new meme tokens will always be listed on dex.

You don't need to do that but the right party that can answer this question must be the developers of sibadoge. that's a new coin. Ask the dev about that. If they didn't have ETA to list your siba doge and then avoid to buy this meme token. I should remind you that meme token potentially to be another scam token. You must be careful with it.

Just like you will buy, you will sell. I do not know on which exchanges this meme coin is available, but you will certainly get such information on their Telegram group or other communication channel.

Another thing is that in my opinion the time for meme coins is over and investing in it now is extremely risky.

Just you think of it easily?

Why ended up considering buying those coins? There are lots of good coins around so don't limit yourself on that coin. Like you said, those are a product of hype.

Extend your research by considering other coins. Not saying ShibaDoge is trash but you have to improve your DYOR.

If you're feeling worry caused by you will not able to sell it and why are you buying it? use your logic. If you will be feeling so difficult to sell after you have bought it from the developers and then don't buy it. If you can easily purchase it from the developers and when you wanna try to sell it and then you must fine someone to do p2p transaction with you and then what the fuck was wrong with you?
Never try to buy any tokens that didn't trade anywhere or you will be losing your money caused by that. If you don't even know how to sell and then just buy the trusted tokens.
Don't waste your time to deal with garbage token like that. You can use your fund to buy a good token that already traded in so many exchange sites.

I visit on the ShibaDoge website. It seems, you can use Uniswap to buy and sell ShibaDoge but I remind you that the gas fee will be bigger so you need to have enough ETH for the gas fee.

This is the image:

https://i.imgur.com/ne8vHHh.jpg

You can click the Connect Wallet button to connect it through your wallet and placing your orders. That is what you need to do if you want to buy and sell ShibaDoge.

But I suggest you not to buy that token as you already know that Dogecoin and Shiba token become too much hype in 2021 and this year. Besides that, those coin and token is a meme coins which will replace by the other tokens. It is better to buy the other coins or tokens which have a reliable and potential and have a chance to rise.

There should a liquidity volume first in the exchange usually this kind of coins were listed on pancakeswap or any decentralized exchange site where you can change your BEP-20 tokens to another. You don't need to find a buyer physically but you can just use the website where you have bought your coins and sell it through it.

May I ask where did you bought this coin (Website)?

Why this time? It's good to take risks with meme coins if you kno what you are doing but this time is not good every crypto movement looks so uncertain and as we know it meme coins can lose their values pretty faster than top altcoins in the market, be careful

There is no physical form of sale for now, any token sale will be sold if your order/sale touches the price you sold, meaning when you make a price at what number, automatically if the price reaches it will sell itself, the way to sell it is simply easy in my opinion, you can follow the instructions on certain exchanges, I think this is the most basic thing for traders to know.

Both coins did gave good returns in 2021 but that doesn't mean they will perform the same this year too. Rethink your investment strategy once again. There are other coins with far better prospect. This is my suggestion to you.

Now about your question. I am not sure which exchange is offering SHIB/ETH or DOGE/ETH pair. Most exchange are offering stable coin pair. To buy first you need to convert your Ethereum to a stable coin and the make a purchase. When you sell those two coins you will get stablecoin which you can then convert to ETH.

I'm not sure if you read it well he said NEW COIN named "SHIBADOGE" which probably another meme coin that want's to shine like Doge and Shiba what I can say is you can sell it to where you bought it if you bought it to their website I think there's a guide there where you can buy or sell it.

Upon looking at coingecko it is listed in Uniswap and Hotbit, you can sell it there.

Oh! Christ. Not another meme project that came from their meme master.
To answer the question first, I will use another question. How will you buy it at the first place? Thru exchange? If that's the case which mostly is then sell it back at the same way.
Finally, for the project. Have you ever thought about buying another coin rather than a repeated name which is basically just used because of the hype?
We must be wise now on how we will spend our money. It's not easy getting it anymore in this pandemic. I am not keeping you from buying what you think is right, just reminding and maybe you will think twice.

You only have to look at the pairs that exist on the Shiba Inu as well as on Dogecoin, although this is the dumbest thing I've ever come across in the crypto space where someone would be willing to sacrifice really good ETH just for a few tokens and coin memes like Shiba Inu as well as Dogecoin, but that's totally up to you and I'm just making suggestions through the exchanges below:

https://coinmarketcap.com/currencies/shiba-inu/markets/
https://coinmarketcap.com/currencies/dogecoin/markets/
https://global.bittrex.com/Market/Index?MarketName=ETH-DOGE
https://www.gemini.com/ (There is Pairing Doge/Eth)
https://www.okx.com/trade-spot/doge-eth

You can see from all the links above and you can also customize it according to your own wishes although for me it is the stupidest thing to do now :D

He meant sibadoge and it seems like it doesn't related with shiba inu or doge coin. it's a new token created by the new developers. I think that you are missing the point of his thread.

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To the thread creator and if you can buy that and you will not able to sell that and that indicates if that was a scam project but it's too early to take this conclusion until you have asked the creator of this shit scam token and then he will be saying if this meme token will not be listed anywhere. that means if you must not buy this shit scam garbage token. You must move. There are bunch of legit tokens exist in the various market and why should you buy this new meme token that didn't listed on exchange site? You must care with your funds. Just use it wisely.

Even if they do have an ETA for listing, this might not mean it will be listed as stated. You must understand that investing in Cryptocurrencies, in general, is a risk and even more so with meme coins that have not been listed. If I do ever decide to invest in any meme coin then I will suggest waiting till listed at least it wouldn't just blow immediately after listing but you might have a chance to buy it then for low price.

Considering the fact that the ShibeDoge coin is placed on the http exchange https://www.hotbit.io/exchange?symbol=SHIBDOGE_NUSD, you can buy it there. In this case, you will not have to pay high commissions in the Ethereum network on Uniswap. But I still have doubts about the correctness of choosing an OP coin for investment.

Every purchase that will be made must be considered. What motivated you to plan to buy the coin/token?
Isn't this a good moment to consider buying a potential coin that has more hope for the future...

shiba and doge hype 2021 ah that's a rare thing and can't be repeated quickly with new meme like shibadoge as you want ,shit token with a compound name that doesn't have any correlation with the developer between tokens A and B ,it's all your money that you invest but my advice you should think twice about taking meme like that !

It's just another hype coin, and the risk involved is very high. So are a inexperienced investors and chances are you don't know the ins and outs of crypto specially those hype coins. I would advise you to be careful about this hype and meme coins.

You sell it on the exchange that you purchase it, simply as that.

Can you think again with your decision to buy this token? I see that the token is alive but if you were able buying it and why are you still worrying if you can't sell it back? Can you tell me whether that's a new token that is not yet on exchange site or it's already traded? this is also important thing for anyone to know about this.

If you were ably to buying your token and you must sell at the place you have bought your token, right? is this what you meant about shibadoge? https://coinmarketcap.com/id/currencies/shibadoge/markets/ https://www.coingecko.com/en/coins/shibadoge#markets

It's traded on uniswap and hotbit. You can sell your shibdoge back through these exchange sites.

the motivation to buy coins/tokens is one form of investment that we hope to get maximum profit, coins that are worth buying based on considerations, these coins/tokens have a good level of development, potential and have a good selling value if the market returns to the right track, on that basis we choose and buy decent coins, the rest there is no other reason that can motivate us to make a purchase.

I agree because after all meme coins are too risky and the other option is safer,
the top altcoins like Ethereum, BNB, Matic and some other coins are more profitable,
most importantly do your research before deciding to buy coins

ShibaDoge is just another useless meme coin, whos developer tries to play on a sound and trendy name. I would never buy it and dont recommend to buy. You can only buy it, if you already heave a person who will buy it for a higher price.

The time of meme coins is about to end. Now everyone are interested in NFT and metaverse. Investing in such meme coins wont double your investment. Of course you can get some profit from memes, but I would suggest to buy altcoins, as they are less risky investment with the same amount of estimated profit.

If you consider buying coins or tokens on the basis of good development, then coins that are in the top 10 will be able to give you maximum profit. But if your choice is Shiba, will you get the maximum profit?

As a rule, such coins that are in the TOP-10 are more reliable, but they cannot bring you much profit. But such new coins can bring hundreds or even thousands of percent in a short period of time, but the risk of losing your money is very high. So when investing in such coins, everyone should be aware of the risks and make such decisions on their own.

You really need to do a lot of research on cryptocurrency  before getting into it. Going by random advice from forum posts is a pretty surefire way to loose all your money eventually.

Even really smart people, with backgrounds in tech and finance, need anywhere from 20-100 hours of research to gain some level of confidence in understanding the subject.

You can get into it easily without learning: folks are happy to take your money. Its keeping those funds, or growing them, where stuff gets complex.

Start out going and taking the FREE courses from Digital Asset News (DAN) at their website https://DANTeachesCrypto.com/

It's free, you just have to register with an email address. Use a burner email if you like.

But people who rush into crypto too quickly soon find themselves with a lot less than they started out with and they never can understand why (and blame everyone and every thing but ty their own recklessness).

Yeah that's actually going to be it for the many, however in my side, I put up a little more restriction that I would never buy below top 5. I might be missing out a lot, although I do not really buy any altcoins just yet, but it's just me trying to avoid out every means of possible of being victimized by these pumping coins that are randomly popping up and disappearing within the top 10.

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I also don't invest in meme coins. :D

If you are still thinking of investing in such meme coins, frankly, I do not recommend it. Because investing in meme coins is a very risky move in my opinion. While you can make good money in a jiffy, the risk of losing all your money at once is too high. This trend started through the doge through Elon Musk. Later, many such meme coins came out. Subsequently, more than half of them scored rugpull and the investor suffered serious losses. I suggest you invest with these in mind.

I think that he learned from the doge coin and shiba inu of those who invested early in shiba and doge coin have become millionaire and this gives him a motivation to invest in the meme token with the hope if he can turn his small amounts of money to be millions of USD.this is motivating so many people to jump into the new meme token againn and again.


They just wanna gamble with meme token and they will not care with the potential token. So many times people have been warned about the potential scam from the meme token but they just ignore it like they never see it.

It's true that they (meme coins) can't provide maximum profit in the near future. What exists can open up opportunities to lose money as a risk that many people don't want to invest in.
Safe investment in my opinion lies only in BTC, BNB and ETH.

I personally don't want to go into this anymore because, as you said, many experienced people advise caution.

Checking on the current price, it seems that it is not doing good in the market.
Although there is volume around half a million, still the price is way below as expected. Hopefully the OP did his research before investing on this meme coins. Otherwise, it will not be good investment afterall. And as you can see majority said that this is just a meme coin and the increase is due to just a few pumping and then dumping it to make quick profits.

The movement is still the same as before because it still prioritizes pumps and hype and yes, this is the same as their predecessors who did such things so I'm not too surprised.
Because Hit & Run will always be in coins like this, when you get a profit then run away and leave. It's just like that and indeed this is very risky for those who are not good at taking advantage of momentum

ETH BTC SOL ADA all are better then those two. Buy a coin with real use and good future, don't gamble on meme coins.

If you really want to buy into that coin then you just buy it through one of the decnetralized exchanges out there. For example there is uniswap for tokens on the Ethereum-chain or pancakeswap for the Binance smart chain. If the token that you want to buy is avialable on both networks then i would choose to use the Binance smart chain because there the fees for a trade are only a few cents while it is possible that you are paying 20$ dollars or even more for the trade on the Ethereum chain. If you want to sell later you just do the same action again only that you sell and not buy the coin this time.

That being said, my recommendation would be to not invest into sh*it-coins (meme-coins) the hype is pretty much over and 99% of them will be completely dead in a few months.

true, especially if its for long run because surely that two memes cannot guarantee good return as they always plunge back to the support level because of some greedy investors that quick selling after the progress..

So much better to choose which has good market cap coins and good history in the previous run to assure everything will fine and there's a good results after all.

Of course, those are solid coins indeed. They have been in the crypto ecosystem for so long and has proven that investors are putting their money on those projects.

But there could be some players as well, who knows the rule on this meme coins and they would rather invest on them very early, get out when the price reaches all time high, rinse and repeat for this investors.