Michael Burry Criticizes Shiba Inu

[pickforbies]

"Just saying, one quadrillion seconds is about 32 million years. One quadrillion days is 2.7 trillion years, or all of time, from the beginning of the universe, multiplied by 71,000. In other words, pointless."

Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, commented on the shiba inu token (SHIB) Saturday after the dogecoin rival cryptocurrency surged 230% over the past week. The Big Short investor shared Coinbase’s description of the shiba inu token on Twitter Saturday, which states: “Shiba inu (SHIB) is a token that aspires to be an Ethereum-based alternative to dogecoin (DOGE), the popular meme coin. Unlike bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a circulating supply of one quadrillion.”

I Just feel like Shiba-Inu vibes is like pump when Elon trolling Dogecoin. How about you guys?

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[poodle63]

I Just feel like Shiba-Inu vibes is like pump when Elon trolling Dogecoin. How about you guys?

All of meme coins were only pump and dump tokens. I do believe if elon was the guy who has bought billions of doge coins a few at the end of last year. he was saying about the correct thing. Basically, quadrillion supply was clueless and this is only following the hype caused by doge coin pump. Remember that doge coin has so many supply but it less than shiba but the problem is doge coin total supply was unlimited and this can be minted by anyone anytime. that means if supply will be going to be inflated like shiba. Im not seeing any reason to own these shit coins. Shitcoins lack of utility and it doesn't have use case. Shiba was created by greedy developers who have been seeing an opportunity to get the hype from the doge pump but the this token was lucky enough being mentioned in the elon's tweet a few months ago. that was bringring so many demand from doge coin to the shiba inu.

[Similificator]

I for one am not really a fan of shiba, let alone other shit/meme coins circulating in the crypto space. The only thing that makes me a BIT favourable on shiba is the course it is currently taking and of course, the profits I get while taking advantage of it as it pumps and dumps on newbies that follow the hype like mindless dogs(which was once me also lol). But hey, this is how this industry works, if it weren't for the big names playing with it, I never would've even placed a damn on such coin. Despite the good things though, shiba won't be something I'd hold with more than 1% of my funds. -just saying.

[samcrypto]

We cannot blame him, we know SHIBA is just a pump and dump meme token with no real purpose at all, so that is not a critic for me but more of a fact.

Anyway, whatever they are saying some traders and risk taker will still buy and sell SHIBA simply because they make money out of it and that’s what more important. If you can take the risk then buy, but if not better not to try at all.

[Little Mouse]

That's stupid criticism though there's nothing good in Shiba Inu to appreciate too. The supply can't be a reason to criticize or appreciate. If he would talk about other things, that would be fine.
Shiba Inu is nothing but another shit memecoin which I think will in the near future will lose among all others new meme shit.

[mindrust]

He is just a sorry loser being jealous about the crypto holders going rich, driving cars and flying jets. He missed the crypto moon train and now he is hating it because the train left the station without him. Shiba Inu is a great project which made lots of people wealthy. Sure it is not doing great lately  but so what about it? Alts moon and die. The trick is getting in before they die.

[haidil]

Criticism has been pouring in on the Shiba Inu lately, either because they didn't have the chance to get in and have the advantage or simply don't like other people getting rich. Regardless of the pronunciation of what he said. Because we see Shiba Inu so have strong people behind it. Memecoin is indeed quite confusing, on the other hand it is tempting for us to enter but on the other hand there are various factors that make it unsafe in the long term. We choose to look for alternatives to invest in a safe way.

[GreatArkansas]

This is very normal, we all know how Shiba Inu is created and the Doge things. It was indeed inspired by Dogecoin and look what Dogecoin really is, it was created at first as only for the meme, so these popular people or other normal people are criticizing about shiba inu, for me too it's nothing, it's normal even the coin is non-meme coin, you can still get criticize from other people.

[Williamm07]

Shiba inu is a meme coin so I don't blame him for the criticism but honestly I don't care, I can still make some profits from such coins the only thing that's wrong here is not taking your profits once you make gains, the truth is gains can come from any coin even if they are shitcoins

[Findingnemo]

High availability is to keep the price cheaper because people who invest on that category are not really the real investors they just invest because they might heard dogecoin did so Shiba also may do it in future but SHIB need another Elon Musk to bump its price which also for short term only.

[CryptoATM]

Doge coin was considered a shit meme coin anyways but it brings millions of dollars to the table for investors, if coins like doge can receive pumps like doge then why not? Atleast we are all here to make money isn't it ? Where its coming from doesn't matter

[Jaered]

They are all meme coins. To many crypto users, pointless. But they have an abstract use case. Just like some arts that are useless to some people but are appreciated by a tiny niche of people.
Meme coins would be around for a while, I'm afraid. So we should be used to them

[adzino]

Of course it's a meme coin and the price is getting pumped. We all know that. The Shib enthusiasts and holders are pumping the price. I don't see any other reason why Shib would go up above 350% in just few days. The massive correction will happen soon. But it is really weird to see all those people starts talking and criticizing about a coin once they get pumped. I wonder why..

[savetheFORUM]

I Just feel like Shiba-Inu vibes is like pump when Elon trolling Dogecoin. How about you guys?

Because Michael Burry is not an idiot. Dude is one of the first ever people to realize the housing bubble and that is how he got famous, he was even played by Christian Bale in the movie as well. So we all know dude is aware of financial stuff and get read the room very well. Shiba is also a very useless token that makes absolutely no sense at all and I have no idea why it even exists, the creators wanted to get some money and created it and told everyone to buy it because it would be the next doge, they are the only ones who got super rich on it, everyone else will be screwed on it.

Some people doubt this but you will see when the day comes we will realize Michael Burry was right and everyone else is wrong, this is a shitcoin and it will always stay a shitcoin and if you are investing real money into "fun" memecoins then you are going to be upset about it.

[rugrats]

I feel this is a very normal thing The ShiB Inu coin was created from the inspiration of the doge coin and it can be better developed by the call of Elon Musk. Currently I also own ShiB Inu but actually this coin has increased by 350% in recent days. But I still don't understand when the coin price goes up there are some people criticizing this because ShiBa Inu coin has helped a lot of people get rich in recent times. And I wonder why? why? . Criticism still revolves around the issue of fast-rising meme coins like ShiBa Inu.

[GeorgeJohn]

That's stupid criticism though there's nothing good in Shiba Inu to appreciate too. The supply can't be a reason to criticize or appreciate.

A shiba deserve to be criticism because since the coin have be listed the movement is not impressing, and you can't compare shiba Inu to other coins which their movement via increment is about different from shiba, so I don't really know what is causing the deficiency of the coin not to get accelerated like others, in normal sense does it means that it's demands is poor or what?.