Bitcoin Forum

Hello all,
I want to know is a token like "SHIBA INU" OK and trustworthy?
https://shibatoken.com/ (https://shibatoken.com/)

Any idea welcomed.


Thank you.

Im not sure about whether this coin can be trusted or not but AFAIk elon was shilling for shiba last month. This is just another pump and dump coin.
Shiba inu is just trying to get the hype caused by the doge coin pump.
Try to use small money when you wanna trade this token. The code is not audited yet.

Could it fake? Amazon.com use it??

I agree that the coin is a big PUMP but why do you think that the people will dump it? It has a big community and brings a lot of fun.
I bought some amount of SHIBA and will never sell them even if the price hits the roof or the floor. After 10 years it could be a lot and if I need money I could sell them. If it is zero I don't care because I earn money from my regular job and I have other investments as well.

You might not sell it because you don't really care about it beside being used for fun but majority of people really want to make quick buck out of meme coin like doge or shiba, just see many people in social media always shilling and expecting it to go up in price so they can cash out.
to be really frank, no one care about the coin but the profit they make, same thing with doge, one bad words from elon for doge and the market already shaking, if that's not because people really want to seek profit that causes panic selling then i wonder what it is.

Of course, there is nothing serious in this project, but we see how Doge grows and Elon Musk imitates this. And he also talked about SHIBA INU, I sincerely believe that people who invested a couple of months ago fixed profits and will no longer invest in such projects. I can say that this is luck, and people who are lucky I hope they will transfer their funds to more normal projects.

Some of the Telegram groups that I'm in, talks about this Shiba token. I'm not sure if this is just another jab at the DogeCoin meme, but still, it's fun to speculate with since it's a joke, to be honest as well. There are a lot of people that could deem this token as valuable, and others couldn't. It's all based on what people value it for.

I see that it has its own Shiba Swap, which is exciting, but I think that it wouldn't hold any traction.

In my opinion that if this is trustworthy coin but I'm still seeing this coin as a garbage coin consider shiba token becomes a big coin due to the hype on the dogecoin.
I remember that elon has ever mentioned shiba on his tweet in the past and that creates FOMO to the shiba. I never heard that if amazon was using it dude. Where do you get this news?
I think amazon has nothing to do with shiba. It will not happen for sure.

This coin is being shilled everywhere and it is surprising to see the quick movement of it due to its volume. The coin easily went up to #33 and that's very quick for a newly made coin.
The community that has marketed the coin has successfully done their part and it's all on you guys if you want to ride it during its top. I only treat it as a pump and dump.

This is just one of the many manifestations that we can be in the alt season where even a garbage project like Shiba can be gaining the needed trust of a critical number of people. Of course, they are not really there for anything other than to make some good profits and on that basis alone let me congratulate those who heed the call to support Shiba they are now experiencing great gains. However, they should be careful because once Shiba will not be devising ways and means to make itself really valuable then there can be a time of reckoning soon. Sadly, there are other projects that can miles and miles of use-cases and value but are not getting the attention they deserve. Such is the power of hypes and greed - combined!

I am surprised, why this token can be in rank 31 based on https://coinmarketcap.com/currencies/shiba-inu/
while the site is not finished yet

This seems to be the impact of a bullish Doge price that makes this Shiba coin this popular
With an enormous supply, I'm not sure this Shiba coin will be in much demand

I am curious about this now. If someone invested 400 dollars on this then he must have a few hundred thousand dollars out of the increase of price. I mean who else might have a supply of millions and millions of this but the ones who have invested at the start of this project. If this is such a good way to get rich then somehow we need to know the start ups and join them as early as possible and then to profit from the increase of the price. My question now would be this, where do you go to find newly created coins and tokens and how to research for that?

your question makes perfect sense..
I believe this coin only has traction because people think its name is almost similar to doge

if a new coin like this has enthusiasts/investors who bought at the beginning then it is likely that we will return to 2018
the time when many ICO projects are scam and take away investors' money

Have not you ever seen this? https://twitter.com/elonmusk/status/1390550521077977089

Elon is not only tweeting about doge coin but he was also mentioning shiba coin so many times. Shiba is not even having a finished website and the price goes irrationally.
Elon was bring the same hype like doge coin to the shiba coin. I thought that elon has bough this coin as well

This is a meme token that imitate dogecoin. Seriously the function of this is common and copied to some previous projects but due to the hype that its a dog meme coin of course its being hype at the moment.

Shiba INu also has been announced to be listed today on Binance crazy news that shocked everyone.

https://www.binance.com/en/support/announcement/f1fe616e688b452f9d736753cb2d947a

and guess now, shiba will be listed on binance and fomo of this coin will increase. Some of the big exchanges have also listed shiba but i don't really pay attention to it because in my opinion it is one type of shitcoin with a very large supply, even though shitcoin will remain some people have become billionaires if they have hold shiba from 1 month ago.

Shiba developers were proving their credibility recently after launching shiba swap. This coin will have a product and i think that shiba will not become another crap coin without any product that backed the token itself.
So many eyes are seeing shiba as promising right now. '
The early adopters might have gone from the market since a long time ago but there are long term holders who have become millionaires.

A new coin meme that has emerged in the past two months has risen to the top and ranked 17th on the rankings. Shiba Inu is listed on most major exchanges including x25 futures trading on Binance.
I find it unfair for other projects as they worked hard for many years but didn't achieve what the Shiba Inu did. The crypto community is really crazy, I think the Shiba Inu will be the next Gamestop.

Not have any information about SHIB token but easily you can find something more about SHIB token on CoinmarkeCap or Coingecko website. But i think It's future is very good and it will profitable for Hoider, also today we see that Binance announced that SHIB will Listed on Binance Exchange's Innovation Zone.

SHIB token is coming to the town, listed in binance now at innovation zone. It's actually similar to doge on its initial days. As soon as I saw the announcement, I bought a bag of SHIB token immediately. I put some dollar in, yet at the same time don't care to losing money. Our aim is to gain profit and come out in certain target. To the moon.

According to what I heard about this SHIBA INU, this coin will be next into Dogecoin in accordance with its SHIB believers.
Aside from that, if I am not mistaken its price value was already increased 10x now, it may be cheap in the price but the volume was
actually amazing in the market honestly speaking.

https://www.coingecko.com/en/coins/shiba-inu
Circulating Supply
? / 1,000,000,000,000,000
This is not serious.
The price of this token has already increased more than 400 times. It is dangerous to invest in these tokens. The price of the token is highly dependent on market manipulation and Elon Musk's tweets.

This coin makes me think of doge. SHIB is the first token of the project and allows users to hold billions or even trillions of SHIB and confidently assumes that this will be DOGECOIN KILLER. This project I see also has development potential. Maybe it will be pumped at the same price as doge coin. Despite their volume a lot, in terms of price, they are increasing...

We witnessed this shitcoin being listed on binance. as a crypto community I never expected it. A coin that can be manipulated as much as Doge. We can say that the supply is unlimited, it is necessary to be very careful when purchasing increased enough. Shiba token price continues to rise and is currently ranked 18th

Shitcoin or not I am glad I read this thread way back in April, I am able to see the chart and decided to buy it because it hasn't been pumped hard that time.  My only regret is, I play it safe buying only a few dollars to test the waters.  But well I think I am a happy water tester since my little investment had grown 50x.

My investment aside, I still see this token as PND (pump and dump) so better get your investment and some profit out before applying full-blown greed while waiting for the moon  ;D ;D.

It is still very early for anyone to know if it is worth the trust. A longer period of time is needed for seeing a clear direction taken.
From now on, I think it will create a domino effect similar to Doge where everyone buys it because of "fear of missing out" and eventually massive sells will come so as the price drop. It might conclude to a correction or a bearish trend.

Even more, you should research it by yourself before investing without others opinions.

Kinda fast to judge the book, you say that you just heard it and then identifying it as a scam project already?  At least give good points why you stated it is a scam.  It can be a pump and dump coin/token, yes, but to say it is a scam is I think exaggerated since we really don't know if it is really that one.

If it follows the path of Doge then investing now is a good idea but please be reminded on the possible risk you will take once you invested in this one.  After all, please do a thorough research before buying or investing on any coins or tokens.

Another dog on the crypto market and getting a contract with the binance exchange in a puzzlement of almost everyone, it is impossible to believe that a rating such as a shitcoin could be listed in such a prestigious environment, there are many mysteries and questions in this story that need answers from the project and binance. I won't invest until every issue is made public and its value stabilized, rather than overvalued.

When Shiba was unexpectedly listed on various exchanges within a week, its price soared. It is necessary not to miss such opportunities, it is necessary to do research and be involved.

SHIBA INU (SHIB) is just a shit coin like every shit coins like DOGE, SAFEMARS, SAFEMOON and so on. But they can all be great in price because of the support of world influential people supporting or promoting them.

I'm surprised by main looking at the market cap of this coin, it has done extremely very well, to the extent that it going to be listed on binance, such a shitcoin now becoming the talk of the town, Elon effect played a huge role in the development and pumping of the token, don't be surprised if this pulls another dogecoin in few years to come

I think it is very dangerous to invest in this kind of coins especially after all this exaggerated hype, I don't think its position on CMC is the one that deserves a joke of this kind.

I see no reason to blame the Binance crypto exchange because Huobi Global has a trading volume of 5,940,500,889 in the last 24 hours. And the total trading volume for the last 24 hours is more than 10 billion.
Look at the statistics of other top coins, Shiba Token is ranked 8th in terms of trading volume :)
Ethereum has 7 times more trading volume for comparison
Information from
https://www.coingecko.com

Thats true its quite risky to invest in Shiba token because it has no real use case and just a pump and dump coin.

The reason why it was hype is because of the community shilling this coin (they're a holder as well) on social media for the price to pump.

Think before you buy because if they dump their shiba its going to be hard for late buyers to profit.

I didn't get guys why you are always having a plan to invest on mostly unknown coin. I actually don't know any coin named in Shiba. Its better to invest on top coin on the market which are potential than any other shit project. So be more active on the market and research to avoid shitcoin.

I do not know much about shiba, but I have heard and even seen by many people that it is starting to be supported by elon musk. elon musk loves dogs. always takes care of dogs. Like dogecoin, this could be an opportunity coin. I don't understand why elon musk loves dogs so much. :D I have never invested in dogecoine. it was not a trustworthy coin. but I will not make the mistake I made in dogecoin in shibada and invest some money. After all, we all want to earn money.

Also, 50% of tokens were sent by Vitalik Buterin, can you imagine what a lot of money this is, imagine that he will swap it to Ethereum) this will be a grandiose event.

Shiba is so confusing. I find it hard to decide whether to buy it or not. Some people said that shiba's market behavior is just like dogecoin. Also it is already listed in binance that is why it really bother me to have some holdings.

Because of this coin, the entire binance smart chain network was hanging yesterday. I couldn't sell anything for forty minutes. It's a pity of course I paid attention to shiba too late, but some of them made good money

I had a colleague of mine who encouraged me to buy Shiba Inu last time, but I didn’t listen. When it was announced to get listed on Binance, SHIB has skyrocketed. However, it still doesn’t have a real use case and fundamentals like DOGE. As I was still waiting for SHIB to plunge even further as I am setting up my buy order, one friend of mine told me that SHIB would only pump if there are new exchange announcements. As Binance is the biggest one, I think SHIB already reached it’s high price and we don’t know when it will be seeing SHIB in that all-time high price again.

Just another scam coin.  Just riding the coattails of doge, it simply does nothing that a million other tokens don't do.  As long as peoe buying these knockoffs the more scammers keep cloning it.

bullshit, one of those tokens that were created just because Dogecoin was in  popularity. Is it this easy for people's to believe in this thing hoping to double their money? it is likely will bring other scammers who are targeting new people get in the cryptocurrency.

coins like the shiba are more suitable for short-term use. because tokens like Shiba have a fast increasing trend, maybe we can process them to get profits quickly, and it has been proven that Shiba has increased significantly recently.

Thank you all.