Investor lose billionaire opportunity -Damien Slash lost it over MEME coin SHIBA

[so98nn]

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 He has withdrawn the investment at $300 loss.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?

Once a Shiba Inu investor, Damien Slash, has gone to YouTube to express his frustration after missing on a lifetime-changing investment. Reportedly, Damien was an early Shiba Inu investor but got out of his investment before the mega profits. In the video, Damien is seen in a somber mood after he learned from his friends that Shiba Inu gained more than 67 million percent after he sold his bag for about $2000.

“I just got a message from a couple of mates and they told me that Shiba Inu has gone up 67 million percent since January. At that time I put $2,000 into it and I left it for a couple of weeks. It went down and I sold it for a loss … It turns out that it would now be worth $1 billion if I hadn’t sold it. Now how to live with that?” he stated.

The trader feared losing his initial investment after Shib’s price began to dip during the early trading days.
Shiba Inu: Smart Investor Turns $2,000 into $1 Billion with SHIB and Latest Ecosystem developments – Report

[Wiwo]

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.

[Godday]

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

[Wexnident]

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".

[abel1337]

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.

[Johnyz]

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.

[jacafbiz]

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

[rhomelmabini]

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.

[eaLiTy]

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

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

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.

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.
  

[tvplus006]

...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...

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."

[o48o]

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?

Once a Shiba Inu investor, Damien Slash, has gone to YouTube to express his frustration after missing on a lifetime-changing investment. Reportedly, Damien was an early Shiba Inu investor but got out of his investment before the mega profits. In the video, Damien is seen in a somber mood after he learned from his friends that Shiba Inu gained more than 67 million percent after he sold his bag for about $2000.

“I just got a message from a couple of mates and they told me that Shiba Inu has gone up 67 million percent since January. At that time I put $2,000 into it and I left it for a couple of weeks. It went down and I sold it for a loss … It turns out that it would now be worth $1 billion if I hadn’t sold it. Now how to live with that?” he stated.

The trader feared losing his initial investment after Shib’s price began to dip during the early trading days.
Shiba Inu: Smart Investor Turns $2,000 into $1 Billion with SHIB and Latest Ecosystem developments – Report

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.

[adaseb]

...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...

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."

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.

[bussybuddy]

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.

[deepblue01]

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."

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.

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

[tvplus006]

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.

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.

[wxa7115]

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?

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.

[tvplus006]

...f 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?

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.

[palle11]

Have you encountered anything like this?

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.

[wajik-tempe]

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.

[poodle63]

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."

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.,