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You could stumble upon a situation where you will think "If you would have taken the risk" then you could have been a billionaire or millionaire for that matter. We have already learned multiple lessons throughout our crypto journey until now where investors had an opportunity to grow big but they lost it all due to fear or temporary greed at all once.

Whether it was bitcoin pizza day or two waitress sisters fighting for their Bitcoin share, we have heard and read all the stories.

Just came across a story about an investor who invested in meme coin, SHIBA INU. The investor named Damien Slash was one of the early adopters of SHIBA and he had invested around $2000 at the initial value.

Damien had lost the hope of getting good profits and he thought SHIBA is just like other coins and there is no point in holding the same. He has withdrawn the investment at $300 loss. However, soon after Damien realized one of the biggest mistakes he had done. His colleagues who knew about Damien's SHIBA holding told him that SHIBA went 67 million % from the initial launch value of the coin.

If he had holdings till then, he would have been the next billionaire. Imagine the pain that is soaring from this incident.

Have you encountered anything like this?

That is why altcoin investment is a gamble because no one know what will happen to the price of the coin and it future potentials, unlike Bitcoin where one can still give some level of insight and guess of which direction the price will go,  Shiba inu as a meme coin could act in whatever ways, the responsibility is left on the investors to make use of the proper timing.

The guy in the story hard a very good entry point since he bought those shiba inu at the early stage and at cheap price, but he failed to wait and take on a good exit price since he sold at lose, I don't know what his reasons were but for me, it best to make use of proper DCA at both entry and exit point to minimize profits or cut loses.

All missed opportunities are due to our ignorance of the future. People who had bought pizza with their bitcoins back then never thought it would reach its current price. Demian who has invested as much as $2,000 certainly never thought what would happen to the current price of SHiba. I think there is a lot of pain in the world for missing the opportunity to become a millionaire. And besides that there are also many people in this world who have lost billions of dollars in their pockets because they bought Shiba and then the price dropped and continued to decline

Kinda funny how the article calls it an investment when it was basically a gamble imo. I won't deny that SHIBA did indeed had moments where you could profit, but any sane trader at that prior point would've realized that it was a meme, it was nothing of value. Even investing in it just to ride the wave would've seemed dumb on any average mind. It does hurt to think that having a regular mindset hurt the fact that he could've been a billionaire though but hey, we'd probably blame something else if SHIBA ever actually fell below the investment point we entered in (or for any coin in that matter) so no use putting blames anywhere really.

To be perfectly fair, every investor would've felt the same at some point, though at varying levels of "could've been".

With the rise of projects being rugged at that time, I'm sure majority of the people will thinking of selling lowering the damage of the investment that you have just made. First of all, SHIBA is a meme coin and no one can really tell the future of it. Imagine the people who are giving away DOGE before when it was worthless, We can't really know how meme coin will perform in the future. Meme coin have become a trend and I'm sure that the majority of us here didn't anticipate that it will come. This is the same way the investor damien slash feels. The only thing we can do in this kind of situation is just move on the lost opportunity.

He’s not alone for sure, as many took the profit during the early stage of SHIB and its normal with the meme tokens. No one can tell if that can be a top meme token as many are still doing rug pull. This can be a big gambling and not an investment, high risk high reward, just like the saying of many, profit is a profit. There’s still a big opportunity here in the market, lucky to those who have big funds to deal with the market.

This is Crypto and it is a zero-sum game, people only look at those people that made millions investing into space, do you know the number of rugs taken place in the space daily, I can tell you it is uncountable. You win some and lose sum, I can see a lot of people still fooish enough buying $Pepe top, these are the new set of bagholders, there are a long lists of projects like this, for every Bitcoin, there will be hundreds of Primecoins and Namecoins

Wild wild west. I should have made thousands of dollars as well if I should have bought PEPE even if it already gained couple of thousands percent recently this week. I saw some huge outflows on it in a tool that was shared across telegram but I just denied it considering it's a meme token. We all wanted a quick way to become wealthy and only a few wants it gradually and I'm the latter and I don't regret it as long as it's fixed on me that I'll get it.

Laszlo used BTC where it was intended to do, purchased something which started the entire movement and it is a hallmark transaction.

There are several users that were there during the initial days in BTCitcoin and anyone could mine BTCitcoin with their personal computers and there are 100s of lost billionaires who had more than 50k BTC but sold everything before the first halving thinking that they made the best profit they could make and not knowing they could have made billions. So these kind of things usually happens in this market because it is an entirely new one.
  

The owner of this wallet - https://etherscan.io/address/0x4a2c786651229175407d3a2d405d1998bcf40614 bought Pepe coins worth $250 on April 16, which turned into $22 million in 3 weeks. It was interesting to watch the wallet as its owner recorded a daily profit of tens of thousands of dollars. At such moments, I want to say: "Everyone could get rich, but not everyone succeeded."

Sold my nxt bag near the bottom in 2015 or something. It would have risen to be half a million dollars. But you can't kick yourself about missed changes. I've invested to so many moonrockets that crashed that at some point you realize that it's near impossible to find the right one. Even if your coin had a superior tech at the time, there's always a change that something else comes and copies that code while adding to it. So that your cutting edge tech is never heard again.

Also, new moon rockets will come. I've invested at least 2 times that i can remember investing to something that i would have got 1000x if sold everything at the top. I sold some, and then they died.

Yeah I explored his wallet. It seems like he was really smart but he was just buying tons and tons of these brand new low cap tokens and basically knew that he would hit it big on a few of them.

But if you look what else he bought he had some bad investments also. There are tons of these tokens which do nothing but get rugged by the developer.

I see people just looking at the immediate results and not seeing the whole process how it happened, for this crypto market some people might talk about big and fast profits for memecoins, but they are. just want to manipulate the psychological behavior of others or they themselves are not understanding the main nature of the operation. Admit that out of the multitude of different projects only a few get a strong fomo, it's just a gamble and instant arrivals see it as an investment, and this is just It's a chaotic part of investing and just let them experience more and people will see for themselves the truth of this game. It's funny to see a new generation investing in this field that doesn't care about technology or economics, they are led with the wrong arguments in life to apply to this complex and demanding field. many experiences.

fortunately for him. i knew someone, he just like that. holding so many token and forget it for couple month.
It's work, he got 2k% from his capital

Yes, he regularly buys a huge amount of new coins and NFT, but he has never invested such a budget that he spent on the purchase of Pepe before. One way or another, but it looks like a real example that investing a little money in memcoin at an early stage, you can become a millionaire.

To me this is just one example that people are not really using their logic when they invest or trade the markets, what did he miss exactly? He had a bunch of coins and then he sold them, he has no rights to feel any regret as he stopped being the legitimate owner of those coins when he sold them.

Now I could understand that regret if he lost his wallet and his seed words, as those coins in theory are still his, but this is not the case at all, besides even if he did not sold for a loss he would have sold when Shiba did 2x or 3x anyway, so this idea that he somehow gave up being a billionaire is extremely misleading.

I am sure that every investor experienced similar feelings when the price of a coin increased after it was sold. And it has a scientific definition - the syndrome of lost profits. But if the price of the coin decreases after the sale, then for some reason we forget about the fact that we sold our investments in a timely manner.

This is nothing new. It has been happening in the crypto investment world and nearly every active crypto investor has experienced it or will eventually experience it during the life time of crypto investment. This is expected to happen anytime the bull season happens, it can be called missed opportunity and yes I have experienced it. When you cash out in your investment early, that is just the same thing that happens if price keeps going north. It could be to your benefit also when you go out at the appropriate time. The cause of this is fear, fud and greed. It happened last year with different coins after bitcoin got to $64k, dogecoin and others picked ATH and now at ridiculous price.

There have been several cases where people have sold their cryptocurrencies, such as Bitcoin, too soon only to watch their value soar immediately after. Others have lost out on substantial returns by making no investment at all, sometimes because they did not comprehend the technology or the potential for development. Another illustration is the incident of James Howells, who in 2013 unintentionally tossed away a hard disk holding 7,500 bitcoins. He didn't give it much thought at the time, but as bitcoin's value increased over time, he came to understand the seriousness of his error.

I would say that if that wallet owned by the developer itself. Pepe token has been started to be traded around 17 april. I don't even think if that token bought by ordinary person. It's quite strange that if that guy was able to buy on 16 april a day before the launch on uniswap. Am i wrong about that? The chart on uniswap told me that if it's actively traded started from 17. it may be insider. I can't deny that there are many meme coin creators who were buying their own token during the launch.,

Of course, it is impossible to say for sure that this lucky guy did not have insider information, but if we analyze his purchases, we will see that he actively bought not only Pepe, but also many other new coins. As for the launch date of the Pepe coin, this information is posted on Binance: "PEPE, a memecoin launched on April 14..." - https://www.binance.com/en/feed/post/454727

Absolutely every investor and trader in any market has encountered it. The effect is called FOMO. The lost profit syndrome causes many to take rash actions and buy an asset at a time when it is already time to sell it and lock in a profit. Very many investors, seeing the success of one asset, begin to panic and look all over the market for similar projects to get an opportunity to earn as well as that successful project. This does not happen because to be successful, it is not enough to be like any other project.

Sometimes it works like that. If we don't invest, the coin will rise but did you notice that when we invest confidently, the coin won't show a sign of increase? We will then lose hope and sell the coin. You know what happens, after that. Yes, that is, the coin will unexpectedly rise. This pisses me off all the time so I just stop investing on these meme coins.

For me yes but that was before. Now I realized that I should be realistic and stop chasing that dream because the more it will only lead me to danger. Indeed, regrets are not a good thing to have especially if we are talking about is only just a meme coin but if it's about BTC. Don't worry because we can still catch up. It's never too late yet to join its party.

I believed in Shiba at the stage of its launch. Moreover, there was a significant pump of this shitcoin. As for the meme Shiba, it may make sense. Periodically, interest in various AltDogs and their derivatives is reinforced, thanks to Ilon Musk.

I'm just the opposite with you, i have bought some memecoin and most of them goes to zero without a price increase.
back then i'm quite happy with 3-10x but after i sold them they just keep their own rocket for almost 100x.

I,m not interested meme coin and i don,t like meme coin but if anyone ask me about best meme coin than i suggested him DOGE & SHIB these coin i think good.

there are sometimes many that uses some kind of automated program to buy these meme coin at their very early phase and if they are lucky they will definitely buy some meme coin that's turns out to be massive life changing I think it's the case with this address, it's got lucky buying the meme coin at very early launch.

it's always coming back to the fact that investing in meme coin could only be life changing if you could accumulate at the very first couple hour that the coin getting listed in the swap platform otherwise really you're just wasting your precious time and money, it's always the one that accumulate early that turned their measly investment into millions.

That's right, but i want to say "get rich quick but not last forever" because maintaining wealth is more difficult than having a lot of money.
And we have many regrets like , why do we sell dogecoin/shiba inu at a lower price or other crypto when we can afford it

If you have decided to invest in meme coins, then you should say goodbye to your money in advance. In this case, it is not necessary to sell coins prematurely. You must either wait for the flight to the moon or accept the fact that the money is lost.

Meme coin is very risky to disappear from trading when the market trend has abandoned the coin, meme coin market overview only last 5% of the total scam coin meme projects on the market if never invest meme coin if you are not ready to lose, we can allocate some funds for Top meme coin investment instead of new meme coins, the risk of loss is also considered before you invest meme coins.

I myself invested in SHIBA INU in the relatively early stages. Of course, he took off with a profit, but not a big one. Using the example in the given story, after the investment, doubts began. And as soon as I saw the opportunity 2x, I took off the profit. What later also had to regret. But the crypt is this luck and faith, as well as iron nerves...

at the end of the day you got profit, still better than those that invested at all time high and lose their investment by about 90% which definitely gonna be heart breaking story, I'd say majority of early investors are just doing the same, they see opportunity of doubling they profit they take it and that's quite normal.

None so far on losing up millions of dollars but i did really lose up a couple of hundred thousands which even up to this day, it do still haunts me. Whats the actual reason on why i did miss out? Because of Greed.

I did able to get almost $100k came from ICO bounty which it is really on that time on year 2017 or that bull run on that time where ICO is still a main thing. I had really just hold up my position and waiting for it to
increase more until its price depletes and make me sell when the value is already that low which it is really just that sad to think that if i had just able to sell out then i might be having my own house now and
some physical business but well it turns out that i did make myself to be greedy.

How much more into those people who had just missed out those millions or even billions of dollars ? For sure it would be a nightmare if ever you would be on their shoes.
Its not something that you could easily deal or forget with.

every investor has a different strategy, but if we have a good analysis of meme coins, it will be easier to get bigger profits, unfortunately not everyone can do it well, because it is difficult to analyze. a 10x increase is very likely to occur in the movement of memecoin, and a 10x decrease is also very likely to occur. So we need good analysis, psychology, and money management, so that we can always profit from Memecoin, and I think it's up to us to respond to this, as long as we are familiar with the characteristics of Memecoin.

It happens all the time, I fear. Regarding the uncertainty and volatility aspects of cryptocurrency, it is unbelievably difficult to predict the direction of the price. except you're in that circle of whales that could control the direction. This has happened many times for me too, until I thought maybe I was the sacrifice of the market. It's because when I buy, the price goes down, and vice versa, when I sell, the price goes up. Really frustrating at this point. I think I'm not good with short-term trading, and now I always just buy and sell at the lowest and highest, aka long-term holders. I just hold the tokens and leave them until the big news comes.

Every project is unique, and success is not guaranteed. Instead of chasing trends, focus on building a diversified portfolio with a long-term perspective and a solid understanding of the underlying assets. You are absolutely right. FOMO, or fear of missing out, is a common phenomenon in the investment world, particularly in the fast-moving cryptocurrency market. When investors see the value of a particular asset skyrocket, it's easy to feel pressure to jump in and invest quickly, even if the asset is overpriced or the market is experiencing a bubble.

The story of Damien Slash missing his chance to become a billionaire with the SHIBA INU meme coin is a perfect example of this. It's easy to look back and think “what ifs”, but it's important to remember that hindsight is always backwards and Investing in cryptocurrencies can be a rollercoaster ride, with ups and downs that can leave an investor feeling both excited and discouraged.

Yes, it is very important to stay and not go against the mainstream and not allow temporary emotions to cloud we, I think is better

Although become a billionaire overnight is all people's dream, but I still consider keep accumulating Bitcoin is better because it's slowly but sure. Not like picking 1 from 10,000 and if you hit it, you will become a billionaire, if not, you're lose everything. We couldn't deny if there's always one person can make a good profit on each shitcoin, but it's a matter of luck and it's his day.

That is the common scenario in investing in Altcoins. There are coins that pump during the ICO and then the ivestors will dump it, there are start at lower price but suddenly it will pump in the middle stage. Regret is always in the end no one knows what will be the price of a particular alternative coins, investors used to miss out significant profit in the crypto currency due to his fear or greed. So for every investment you need to research and study first because it is hard to gamble if you earn profit that is good, but if you loose some that is not nice it is stressful.

When investing in meme coins, it is more preferable to obtain insider information if you have contacts with members of the coin team. This is due to the fact that technical analysis in most cases is not applicable to meme coins, since pump&dump is used here, the timing of which cannot be predicted.

If he could tell the future, he probably wouldn't have made the mistake of exiting early. But then his decision to exit may be as a result of his previous experiences with some other altcoins. Just like Damien, you and I have had our date share of this kind of regret; 'wish I knew, I would have hold much longer'.
This is crypto space, a world full of regrets.

yeah i can feel that again. high risk high return, but they are many of there that i knew most of them will go to zero. for example CIFI (citizen finance), this is a good project and already up to 100x but you know it's dead right now. And then they make new version of CIFI (https://coinmarketcap.com/currencies/citizen-finance-v2/) but it almost dead at the time as we speak

It is a dramatic story that will continue to happen to the cryptocurrency world. Maybe in the future we will also see similar stories with different coins. Yes this is a very big loss. But come on, who would have thought that pizza buyers with BTC would get that high? Did he who had sold his SHIBA ever think that the price of SHIBA would increase like that?

that's true it's more or less just fate, no one knows what future holds, sweating over the lost opportunity is just nothing more than useless grievance, there are most certainly many reason why many of shiba holders back then just didn't hold their shib until it get this high, one of them must be the fact that they didn't know and that's pretty much okay, maybe next chance.

Some of those who didn't sold are just coincidence. I've seen a story before of a successful SHIBA investor, He didn't remember that he had a Shiba coin until it blew up. It's a crazy coincidence but yeah there so many people who got rich from Shiba, they are more on early investing. Everyone of us has our own regrets on crypto by selling early and this is another one big regret from selling too early. I'm pretty sure that we don't know where this meme coin will go in the time that it has a small value and personally if I had some shiba at that time and it grew that I'm getting a big amount of profit on it, I'll probably sell it knowing the fact that the future of meme coin is still uncertain.

It is enough to look at the Pepe coin, which made so much noise, showing a record 88000% profit in just 2 weeks, to understand the risks of investing in a memecoin. Those who bought Pepe at high now have a very large loss, since the price of the coin has decreased 4 times in just one week.

after all it's always really bad idea investing when the meme coin is at its peak, some people might get fomo'd but i think they should understand that a coin didn't increase forever, when it rise more than 88000 it's obvious that everyone that wanna make entry is already too late.

and soon, it won't be only decline of 4 times but high likely it will be abandon in the trading market. that's the dilemma of going into this type of token. the survival rate is very low. and it happens to a lot not only meme tokens but a lot of alts. very few survive. most of the dev teams are really not worth calling them as developers. most of them are just money-grab projects without long-term plans.
lucky for him, SHIB is still active in the trading market, what more of those other meme tokens which are not available anymore in the market?

It is obvious for us, but for the inexpert trader out there which somehow believes the markets can go up forever this is nowhere near as obvious, which is why they buy at the peak and then they get trapped holding a coin that most likely will never recover even a speck of its former glory.

The only thing that could save them at that point is if their investment in the meme coin of their choice was low, as they were expecting to still obtain huge profits with a minimal investment, however if they invested a great deal of their capital then most likely their careers as traders will be over before they even began.

It is very difficult to predict the further movement of the Pepe price, since we do not know what the future plans of the team of this coin are. After reducing the price by 4 times, we saw a fairly rapid increase in the price by 100%. It is possible that now there is another pumping of the coin in order to fix the profit after the last fall.

I cannot support this opinion because not every project is unique. A lot of projects in the crypto industry are copies of well-known projects and do not add anything new to the already existing concept. Simply put, they are clones, and in some cases they are clones of clones. Such projects on the market in the majority. The most quantity of clones accounts for ETH and BTC, as they are the most popular coins, there is always a hype around them. As you know, where there is a hype, there always appear a lot of clones.

It's true, sir. This phenomenon is often referred to as "forking" or "copycatting", but that's not wrong either. since it is open-source in the cryptocurrency space especially during periods of hype and increased attention, it could be the aim to improve on existing concepts or offer other alternative solutions. maybe.. ;D ;D ;D

There is a bad thing about this, I don't agree with you. The bad thing is that all these copycat coins and clones are breeding grounds for scam and fraud. Most investors in these projects suffer from losing money and all these coins die very quickly, leaving their investors with nothing. For the developers of such projects, there may well be nothing wrong, as they will always be in profit. Such projects only show cryptocurrencies from the bad side and generate various speculations that the crypto industry needs to be regulated even more, as fraud is flourishing there.

If already anyone missed billionaire opportunity From crypto meme coins don,t worry mate i think very good opportunities coming for you just wait & see what will happing very soon or later in futures and meme coins is very risky investment so please bore starting investment in meme coin DYOR properly as well.