Bitcoin Forum

https://i.imgur.com/z1vLwTq.jpg

I do not know what to make out of the news today about Shiba Inu's founder Ryosh distancing himself from Shiba and deleting all media posts across his handles. Usually this is a red flag and whenever it happens it gives the impression of a rugpull. Is that what we are likely going to have here, a similar situation of investors losing money like they lost in Luna. What is your observation on this? Please share with us.

Source link: https://www.moneycontrol.com/news/business/cryptocurrency/shiba-inu-founder-deletes-all-tweets-blogs-8613841.html

This kind of news is very alerting for those who invested a lot in Shiba. The best option now is to have a plan on how you can manage your holding and avoid getting rekt. It is really hard to lose your investment in case of a rugged pull.

I didn't invest in Shiba Inu since it's a meme coin which I am not a fan of. It would be much better to invest in altcoins that have products and check the chart if it's going upward since day one it gets listed on exchanges.

OMG this is actually a red flag for Shiba Inu investor like me. Please do not dump Shytoshi. I am holding my Shiba inu since last year and keep buying this coin everytime I got my salary.  Should I sell because of the news?

Yes!
That's a total red flag and there's a reason why he's doing like and one could be, that he doesn't want to leave a trace from his tweets so he's deleting all of them.
Well, Shiba is just another meme coin and its hype was done and the value has become lower after hitting its ATH. Still, there are plenty of its investors that help it to remain at the top spot and that's for sure going to alarm all of them.

But there are still an official Shib twitter account?

https://twitter.com/Shibtoken

Anyhow, we will soon find out why the CEO deleted his tweets and seems to be erasing his footprint. Who knows, maybe he really wanted to be anonymous like Satoshi to create a enigma about his project and then create more hype about it and continue to flourish even in this bear market.

We will see in the next coming days, this could be a warning to those who are still holding SHIB.
What can you expect for a meme token that only pumps because of the hype? Well, I was able to ride some trend with SHIB and made good profit but for me, this is indeed too risky to hold for long term even before the dump of LUNA, you can easily say that SHIB is just a meme token with no purpose in this market. Be careful to hold your SHIB!

It is naturally alarming on the side of the holders and Shiba investors but still, I'm not sure if the tweet been made is coming from the real owner of Shiba Inu pr someone who is fake. We know social media can easily be played and tricky, in fact, in many cases some Twitter accounts have been hacked, we can set this aside because we know that Shiba Inu is just about to start building its reputation and also the trust of the community.

we have to concern will all possibilities that may happen in shiba with current condition , CEO account will have huge impact to market sentiment . investors will have big question what actually happen to this projects, is it will rug pulled  or another thing will come. maybe exit for a while will be good decision , structured fud will come soon.

IMHO, I think everyone knows since the very beginning that Shiba Inu is just a meme coin right, and it is very clear that it has no real use cases because it's just a meme coin, thats why it's obvious that it has also no organic demand and thats the reason why the Shiba Inu price is very unstable as we observe even in the bullish market trend because without the hype pushing it Shiba Inu was nothing.

So what can we expect? It's highly possible that anytime soon the Shiba Inu token price might go down to zero just like what happened in Terra Luna. so watch out guys because if that article is true that was a huge red flag and it was a very alarming sign!   

The chart is quite stable but i just wanna try to remind you if that's almost impossible for this to become another shiba inu. CEO of shiba inu has no premined token and how can this become another scam or rugpull? Remember about the tokenomic of shiba inu is quite different with the luna.
I think that shiba has no chance to be another rugpull. All of tokens in the circulation already fully distributed fully proportionally to the hundreds thousands of users.
Im not seeing if this will become another luna that will come in the future. CEO of shiba has no power other than holding the secondary token of shiba platform

You guys need to know that meme coins are meant to be like this at least most of them because their road maps don't really make sense at all. apart from being an entertainment token, what else can you do with their it? nothing is right and right now they're running out of ideas since their investors know exactly where they heading after failed attempts of their promotions which is not really helpful at all. After Shiba Inu success, there are lots of tokens created like it, and with this news, they will gonna crash as well because the tokens their mimicked are no longer the same as how they used to be.

So far the price of the shib has not rugpulled even though news about the CEO has been circulating in the media, so it's actually not too bad even without a CEO because the shib will have the potential to be like the development of Bitcoin. But because of the coin meme concept we need to review the details of the Shib price volatility. if there is no worst case for Shib prices because my previous prediction the price will go down after negative news, but shiba army holders are still optimistic about price increases in the future.

Shiba Inu is a meme coin although right now it’s a biggest project, like it's around seven billions of dollar market cap. But i wouldn’t like to invest in such project, sometimes i trade with it for the short term. If this news is true then i think it’s definitely alarming if shiba owner's deleted his old history on twitter. So this coin holders should be careful, because where a biggest long term project luna was dead within a few days.

I don't know about this actually so thank you for sharing this, yes its big alert for the holders and if the market acted normal to this then someone is behind this so we can expect something big is coming up which can be the next big scam in the cryptocurrency market or the coin is moving to the next level like doge when the creator itself lose hope and sold all his holding but then doge became too big to imagine.

Shiba is not like a luna, because Shiba had a potential.Now market was in the dump and bearish.So all the coins price was reduced,it may also reflected on the shiba.Luna was the less potential coin, people are cash out all the luna to bitcoin and Usdt.Now almost huge people was in the loss of the dollars.The luna was the hugely responsible for the lack of price in all the crytocurrency.Kindly don't compare the shit luna with the good potential shiba.

I don't invest into meme-coins (because they are shit-coins for me) therefore i don't really follow the news regarding Shiba Inu that closely. I think though that the founder of Shiba Inu should be a pretty well known man by now as Shiba Inu was the most successful one among all those hundreds of second generation meme-coins that came out in the last months, so i don't think that deleting all social media posts would not really help him to disappear.
That is why i don't think that this is a sign for a rug-pull that is coming shortly. I also think that a complete rugpull is not even possible anymore with Shiba Inu, as it is also listed on centralized exchanges by now. Of course if the founder of Shiba Inu would dump all of his tokens at once then this is pretty much the end of the project too..rugpull or not.

Dude, Luna was a lot of potential coins before the incident, it was among the top ten cryptocurrencies. In that case, Shiba Inu was far below it.  The position you are looking at now may not be the same maybe it carries the this message, by delete the owner's tweet.  It can also become like Lunar who knows  ::). So those who have invested here for long-term, save your funds before the time end . Stay in to short-term

The founder has no control over SHIB token but im sure that if they are fully controlling another token that used in the shiba platform. Basically, shiba inu was a meme token that driven by the community but since the developers (include ryoshi) wanna change the image of shiba inu and the development to bring utility to shiba was coming. It seems this is not running so good as what they have expected before. The hype that brought by shibarium was not so big as well.
So it's too early to judge if this will become a red flag. We shalll at least waiting from the community to respond it

Dude, the issue isn't about the price but the founder deleted tweets/blogs. This is a strange activity made by a founder, this may indicate a rug pull or scam. Sure, the price must be affected once investors know this, most of them probably prefer to cash out. I am worried that many SHIB holders will sell their coins immediately in the next few days/weeks. So, what is SHIB potential now? There is no potential if the SHIB founder leaves this coin.

Better be carefull with shiba inu then, that thing screams a big red flag to me. Even a coin like Luna could crashed like that, shiba could as well.
When the founder is trying like to erase their existense by deleting their tweets or any of their activities, that's seems sus enough. Shiba is a meme coin, right? Not saying a meme based projects are always bad and not worth the investment, but just need to be very carefull when you want toinvest on some of them. Still, Shiba was one of the most successful meme-coin as of now, and the risk is always there no matter how good a coin looks like.

No investors are coming back to buy Shib anymore and he is running away because that meta that he'd tried developing isn't so easy to materialized. It could really be a rugpull in progress.

I thought it could just be like Dan Larimer who walk away from his projects to make it more decentralize but it doesn't work that way really.He had tried that to 3 of his projects and its not working. Ryoshi should know.

Not yet. This can be a redflag for anyone who are still buying the new utility token from the shibarium. This may become another exit scam soon. You must be careful with this kind of project. When CEO was disappear and he was seeing if this project has no potential anymore. The community saw that as something that didn't need to be carefully. I see that we have learned a lot from luna but it doesn't mean if shiba will have the same fate as luna. LUNA was getting destroyed by its failed algorithmic mechanism while shiba didn't have this.

Potential dumped with this news is inevitable, some traders are probably negative about it so they would sell their asset. The transition of how thr founder would leave isnt good. There are other ceo or founder who leave their project but at least informed in such manner not deleting tweets or any writes up about it. This is red flag but since its a community token, I believe it will thrive.

I am actually surprised how long it lasted. It's still a large cap coin whose crash would ultimately cause another crypto winter.

If a currency is affected by the death or disappearance of the founder, it is not decentralized and does not deserve long-term investment.

Overall, models like Shiba were and still are more harmful to the crypto community, this currency was a precursor to an era of very excessive cryptocurrency printing and therefore they are deliberately trying to show their currency has a high market capacity which means that they depend on hot money.

If all of these indicators above are not enough to avoid investing in them, I think that with the disappearance of the founder, you have got enough reasons.

This is the kind of thing a project founder does before he rugs. This is why I don't invest in meme coins and only buy L1 chains that other DApps and tokens are deployed on, like CNDL and FTM. Investing in L1 chains gives you a network effect where the price of the L1 coin goes up the more value is locked in the protocol. It's like investing in the protocols before the internet became mainstream and is a much better bet than dog coins.

To make the recent news effective(Shiba founder deleteting social media activities), it only needs a single huge dump of Shiba.  If the bot detects a huge dump, it may trigger the cut-loss mechanism and start selling.  For sure many bots will follow because most bots have the same trading setup.

I think its just a meme coin without any usecases but i dont know about their future development but till now there is too much chance to market fall like luna but i will not say its will rug but there is chance to dump huge in shiba market because its pump because of only fomo!!

do not have a future what makes the project function is not far from collapse slowly approaching investors. the shiba team seems to be preparing to gradually disappear with the lack of clarity about this project. I've been avoiding coin memes like this because of the enormous risk that will be obtained later. will this be luna version 2.

We really don't know what is running on the mind of the Shiba Inu founder.  It is early to say that it will commit a Rug Pull when the market is still very healthy.  I think we should take precautions for now.  If we are worried but have a second thought to sell,  we can sell half of our holdings at least we have secured 50% of the current valuation of Shiba Inu if ever the situation goes southward.

The decision of the founder of Shiba to leave the project sparked negative news for shiba holders, but in fact it did not have any impact on the price of shib other than the effect of the impact on the price of BTC, after I learned that if shiba has a different tokenomic so it doesn't have a bad effect on the price of shiba if the founder of shiba no longer controls developments shiba.

I dont really see for it to be that Shib would really be ending up like Luna and come to think that its application or being alternative payment system in gambling sites and other services is something that could be seen which means that application and relevance or utility is already there unlike this shitty Luna that we do know.

For those holders then its up to them whether they would be continuing on supporting it or not and price or its value will really be depending on the community
which is something that cant really be predicted thats why always mind off about the probabilities and be aware and be prepared on it.

If you are a holder of this meme token and you want to take some precautions, better get out of this project before it is too late. As the foundation of this token is also quite not solid for me, the chance of disappearing from this market is also very plausible. One thing that was red flag for me before was their thread in the forum. It was like a crap announcement and just because of the hype, the demand for this token got huge up to the point that binance listed it without the devs applying to them. For me, something is questionable on this project even if they found use case as payment method in gambling sites and the likes. But it is your funds at stake, so the decision is yours.

Everything is possible during the current bear market, especially after several projects experienced a very significant price drop, we can call them Terra (LUNA) and DFII.Money (YFII). If you want to feel safe, it is better to invest in Bitcoin (BTC) or Ethereum (ETH).

Regarding Founder Shiba Inu (SHIB) deleting his blog and tweets, it is a bad sign that he no longer wants to discuss further about Shiba Inu (SHIB). My advice, it's better for CL even though it's in a loss condition than having to be hit by a rugpull later.

this is what may happen now and indeed shiba holders must be vigilant now because with this it will be very difficult to predict and this may be a bad ending with this.
of course this will happen sooner or later and those who still think this a joke should wake up soon and maybe for those who still believe and still rely on a strong community they should question this now

The right solution for CL but it all depends on individual decisions because so far there has been no drastic decline that has occurred in shiba, but the news about the founder of shiba has caught the attention of the community because he made inappropriate statements during a bear market.

There is a good possibility that Luna and the way Shiba drops may not be the same method. I mean Luna was "hacked" basically, not the way we know but the system had a loophole in it that you could use money to take all the money out to yourself and crash it, and the rich whales used that to make money. Shiba is not like that, its simply just going down, and going down a lot, and people are getting out, from the core members to early birds to even people who invest daily, everyone is getting out, because they realized it sucks.

That's why I say that it's better for CL, even though it's at a loss, than Rugpull actually happening later at Shiba Inu (SHIB). If I'm not mistaken, before the price crash of Terra (LUNA), a few days before that happened, Do Kwon made a statement during a podcast with Alexandra Botez that 95% of the projects on cypto would fail and that was an entertaining thing. Maybe what Founder Shiba Inu did was an early sign ::).

I mean that is already the founder and not just a certain part of the team. Rubbing salt to the wound would be those deletion of the posts, so that people would not be able to comment or  ask  anything to the dev themselves.
I am not sure why people are still staying in this meme coin for too long even if there were red flags like these happening already.

Luna is a bad comparison since what happened to them is more complicated. The official Shiba twitter account is active as mentioned by another member so that's fine for now. He probably controls that account too so I guess he doesn't think it's necessary to keep both accounts.

I think this can be a nightmare for shiba holders because when this happens usually the price of a token will collapse very deeply and can cause very deep losses, shiba I think is still experiencing a long sleep like doge coin price movements that occur only once in a few years , hopefully shiba can still survive.

It looks like Shiba Inu is just a hype project and turn like Doge, a meme coin stay together.
What the owner of Shiba did is somewhat disappointing making their investors and holder start to think about the negative and probably it starts a big sell-off. I'm certainly thinking of this, maybe it was not a big surprise because Shiba Inu originally belong to meme coins and seems no have a better future just like many others.

hold shiba in years and soon you will be a bilionare. My opinion shiba will not like in luna shiba is one of the best crypto that you need to hold it like doge. Soon shiba will hit 0.1$ soon.

I think long term Shiba Inu would be stronger without the founder. Just like crypto is moving on without caring who or where Satoshi Nakamoto is or where.But short term,Shiba would suffer because of paper hands. By the way,i dont think Luna rugged

This happens in every bear market why would this be any different.  Shiba was only built on the greed rush of 2021 meet coins.  It was never going to take over crypto, it serves no purpose that isn't already created lol.  Shiba...lol too funny.

The shiba founder was alwyas creating so many probems. he was also having a problem with the community when shiba inu got popular. Just never take this as a redflag for shiba founder to destroy shiba inu. Shiba inu founder has no power to do this. All of tokens already fully distributed in the market. If the protocol will fail and this is the only weapon that owned by him to destroy shiba inu but im sure so many shiba inu believers will still believe on it.

This is no cause for alarm, this man wants to be as great as Satoshi and he understands why being anonymous will help a crypto project to achieve greatness just like Bitcoin, going Anonymous doesn't mean that the shiba inu project is turning into a scam, you would be dead wrong if this is what you have in mind.

Memecoins do not have investors, they have speculators.

Memecoins do not have founders, they have confidence men, grifters, and collaborators.

The blockchain is a volatile place, and there's no guarantee that the team behind a particular project will be around in a year's time. I don't think I'm in the best position to draw any kind of conclusions about whether Shiba Inu's future will be rugged like Luna,  I prefer to reserve judgment on projects that haven't reached the public sale stage yet rather than basing my opinions solely on speculation. From what I've seen of Shiba so far, I'm optimistic, and so are many others in the cryptocurrency community.

If he wants to do a rug pull, he doesn't really need to these things first. So many coins have been rugged before and if you visit their twitter accounts the tweets and media files are still there and some are still actively posting, giving reasons.

It's funny that they still don't want to admit that they have turned scam already but what ever alibi's they are going to make, they are already caught out. In the case of shib, what if there was a problem with the twitter account? or it has been banned because when an account is banned or temporarily restricted, his tweets and files are also going to disappear but shib investors shouldn't panic just yet.

I am not following Shiba Inu and hence i am not aware of the history behind them, all i know that it was hyped really well and majority of the exchanges jumped behind the hype and i still think it was a planned thing to hype up the project so that it would attract the meme coin enthusiast and there were many new investors who jumped in the hype and invested in it.

It's very alarming to be honest, and many investors are really scared for this kind of thing to happen. But I think the real intent of him doing that is for the project to be fully decentralized and run by the community without any interference from him. Well maybe or maybe not we will see how it pans out on the long run. Shiba investors needs to keep an eye on the project regularly.

Whether it becomes like Luna and has such a rug pull story, I don't cry and am not worried because I don't have any of this coin, I already sold them early this year. because I was thinking, even though we see some potential with this project but since it was a meme coin, we never think of fund protection.

I've never heard an update from the team already, things that we wonder how this project is going on. Even though I don't have them but I think it was the concern for the holders to know the status and likely to know behind those Twitter post deletions.

All the news that has been released is enough to make people be careful in investing in shiba, personally I don't like this coin, because meme coins are not very reliable, especially the current market conditions.

You must have a plan to get out of things you don't want to happen, for example a correction condition can sink the assets you have in Shiba Inu, but if I may say, it's better to switch to other potential altcoins, than hope something will happen to Shiba inu, because honestly it's going to be so hard

Cryptocurrencies depends very much on the power of the community, when Dev. Being able to foster and protect the community will survive, what happens with Luna because of Dev. Making controversial things, wanting to get profit without considering good steps, of course all Altcoins can become The Next Luna and this is what makes us have to be vigilant.

What's the purpose or use-case of this coin? Isn't this only a memecoin? Or I should say a shitcoin as well?
Shitcoins are worthless to me and that include SHIB.

Founder deleting all the blogs and tweets doesn't mean that it will make a rug pull and LUNA didn't rug pull as well. I don't know if what is true here but LUNA. It's either exploited with its weakness, a scam project, or it is an inside job but either way, it caused the price to plummet.

It's the hype that caused SHIB to be at the top after that memecoin hype but what the founder did is very alarming and that itself is the first step for its departure. Does anybody know the true identity of the founder here? If it's still anonymous until now then SHIB investors might be in huge trouble.

To tell the truth I never recommend investing in meme coins, the reason is simple, for me all meme coins will always be a way to pump and dump, just as DOGE started, for now I would stay well away because the BTC market is very unstable, there are many fundamentals that can make the market fall even more, and this is not good for any altcoin and even less so if it is a meme coin, I think this is the best, now when BTC is in a bullish trend it is recommended to do it, but nevertheless I would make a purchase and wait until it grew 30-40% and then I would sell.

Although memecoin is a useless coin and has no utility, it is also an integral part of the cryptocurrency market. Sometimes the hype surrounding it attracts a lot of new investors to the market. We shouldn't treat memes as long term investments because they get pumped and then dumped. We can still invest in memes but it's just a lottery with a small amount of money to add some fun to our portfolio. Don't expect too much or think about it.

Ithink not bro shib like btc no developer but top crypto now. Same on doge no dev but still top 50 coin. ill trust shib that soon shib will be lambo on the next bull run.

We don't know if Shiba will be like Luna, although it will likely be there, as well as other coins and tokens. Everyone in the market can suffer the same fate, especially if the dev and team can no longer work together to continue the project or worse, the project becomes a scam. So to avoid things that we don't want, it's better to invest in coins that already have a good position in the market and are backed by a solid dev and team. But what is clear, be careful when investing in crypto because anything can happen.

Investment in meme token is a very risky one. It comes with consequences. Imagine how this kind of news will affect the price of Shiba. Some people who do not like doing their own investigation may jump into conclusion and start causing FUD. However, it may not necessarily be an end to it though, maybe it will do well again in the next bullrun.
 

Finally, the Shiba dev understands why Bitcoin dev went into Anonymous state, there will come a time where regulation will turn all crypto projects into centralized projects but that's if the dev and teams can be seen, it will be like power for the people in the end, will you invest in coins that are regulated and leave BTC and Shiba behind?

This might never be the end for Shiba Inu, but with the news, most investors would want to pull off their funds which may cause a great dump. I still hold up to my investment despite the news because I believe the price might still be bullish during a bull run.

That was a non sense thing. Bitcoin can be regulated as well through 3rd party. Bitcoin will not be traded in the market when there was no party that was supporting it and do you believe if it can't be regulated? It's easy for the regulators to do anything. If Bitcoin can't be regulated and government can regulate the exchange site. Remember it doesn't matter whether it's cex or dex but as long as it was become a way for people to put in or out their money from the crypto market. Regulation will be coming soon.