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Author Topic: Shiba lovers lower your expectations  (Read 361 times)
abel1337
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August 04, 2022, 09:13:35 PM
 #41

Dog coins always seem scary to me for some reason. Because as you said, no matter how much their supply is reduced, their amount is quite high. Even this makes one hesitate. But after the doge madness revealed by Elon Musk, I can't help myself why not. But the market shows that it is really hard to predict what will happen as fomo evolves to another side during every bull period. Many cryptocurrencies that came out in 2017 and later were garbage, except marginal ones, and disappeared from the market. At the end of 2021 and the bull of 2022, the market moved in a completely different way. It is really difficult to predict what will happen in the next bull, so I think it is not necessary to speak clearly.
This shows how much the market could go crazy on shills that a famous personality can bring. People learn and there could be a chance that the influencer influence power could loosen up as people learn from their experience to what and how to invest their money on cryptocurrency. Most of the people who experience having garbage tokens in 2017 surely make themselves careful last bull run and I'm one of them. Those who where FOMOed last bull market on this sh*t/dog coins and lose a lot of money from it will learn and will make sure that they will not get carried themselves away again by these influencers. There could be a new wave of new crypto users on the upcoming bull market and you're right that we don't know what might happen again in next the next bull run.

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Psynthax
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August 04, 2022, 10:29:37 PM
 #42

right, the supplies of these meme coins are too inflated, basically too much for it to ever increase its own value, without shills coming from the famous people.
these coins I think requires tremendous quantity of investment flow for it to increase its value and it isn't like alts in general that could have demands from their innovation and utilization, these meme coin exists just for speculation.

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August 05, 2022, 03:26:21 AM
 #43

right, the supplies of these meme coins are too inflated, basically too much for it to ever increase its own value, without shills coming from the famous people.
these coins I think requires tremendous quantity of investment flow for it to increase its value and it isn't like alts in general that could have demands from their innovation and utilization, these meme coin exists just for speculation.
Although the precise cause of the asset's underwhelming performance is not yet known, some traders and investors think that the abrupt decline in token burning rates is to blame for the market's token volatility issue. one of the main fuels for the Shiba Inu in recent months alongside major releases like the Shibarium multiverse.
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August 05, 2022, 03:36:38 AM
 #44

sniip
 these meme coin exists just for speculation.
memes are like that, they have no utility at all, memes are tools for the sharks to manipulate, create hype to attract newbies to the market

shiba is the most buzzing meme token in the 2021 bull season and with the intention of shiba coming, i think it is still a coin worth investing in for the future, but it's still a meme so invest as much as you can afford to lose

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August 05, 2022, 03:37:09 AM
 #45

I still hold the view that this is a trending and overhyped coin, so only join it when the hype process repeats to make a profit, not expecting to go a long way with the process it takes place. The glory it has created probably many people have reaped great profits since it received great interest from the crowd, perhaps for me as well as many people it has always been more risky than opportunity after having achieved previous glory

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Questat
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August 05, 2022, 03:52:10 AM
 #46

sniip
 these meme coin exists just for speculation.
memes are like that, they have no utility at all, memes are tools for the sharks to manipulate, create hype to attract newbies to the market

shiba is the most buzzing meme token in the 2021 bull season and with the intention of shiba coming, i think it is still a coin worth investing in for the future, but it's still a meme so invest as much as you can afford to lose
I also see some potential for this project but yeah, we can't just forget about being a meme coin, we can't be fooled with a few pumps and rallies as we really consider for the long-term, not just hypes. Although I believe that this project will stay longer like Dogecoin, however, the situation will be taught us that we can't be too confident with these meme coins, many of them ended terribly and cause losses to the investors.

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August 05, 2022, 04:02:14 AM
 #47

I want to advise you guys as a fan of shiba inu, if we are on the same path with shiba inu please make sure your long-term target is 0.005$ for Shib, and erase the mindset of Shiba getting to one dollar, I know Shiba is heavily burning down on supply but the max supply is way too big.

Shiba inu hitting 0.005$ will be a big war for the project, they need to keep expanding every year, even if shiba game and metaverse did so well this price target is still going to be not easy.


Also we have to keep in mind that trend keep changing for every season once it was light weight coins with more transaction per second and cheaper fee then it turns into privacy ones then meme coins and now NFT so what if the craze over meme coins completely shifted to something which will come in a year or two.

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