Is Shiba getting rugged like Luna?

[TopT3ns]

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.

[Yamifoud]

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.

[Grim149x]

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

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.

[Jaered]

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

[wheelz1200]

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 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.

[shinratensei_]

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.

[TreyARC]

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.

[ItsNotSean]

Memecoins do not have investors, they have speculators.

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

[$anounimus$]

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.

[SirLancelot]

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.

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.

[eaLiTy]

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.

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.

[bitcrystal]

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.

[Hypnosis00]

I actually thought that enough has been said concerning these coins and their expendable attribute. ShibaInu and its founder have proven me right. I find it very hard to comprehend the reason why he would delete all blogs and tweets about ShibaInu. As a meme coin which is it, I am actually not very surprised but I literally never had any interest in the coin, nor do I have an interest for any other ALTCOIN which is not ETH, BNB.

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.

[MarjorieZimmermanGinger]

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

[19Nov16]

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.

[LogitechMouse]

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.

[LUCKMCFLY]

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.

[fuguebtc]

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.

[Grim149x]

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.

[ethereumhunter]

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.