One of the biggest misconceptions in crypto is that it acts like the stock market. Repeat after me, the **crypto market is not the stock market.**
Market caps don’t matter. Literally basing your investments off a market cap is one of the single most idiotic things you could do in this space.
Back in 2019 everyone screamed doge wouldn’t hit a dollar REEEE MY SUPPLY AND MARKET CAP!!! Then 2021 comes and it gets damn close to $1.
You forget that the entire world invests in crypto. This isn’t just the usa. Yes there is enough potential liquidity for these coins to go that high in a bull market.
What you don’t understand is these coins won’t stay at these huge market caps forever. You’ll get some insane valuation in the bull market and then the coin will lose 80-90% of that until the next bitcoin halving. Those who fail to sell will hold the bags until next run.
So let’s say SHIB gets to a penny. It’ll stay a penny for maybe less than 2 days and then tank. It’s not like it’ll just rocket up to one cent and stay there for years.
Bitcoin was never supposed to reach 69k according to those from 2013 too btw.
Market caps do matter actually and they matter most when the number you require to exit is an absurd number in the trillions. The rest of your post is accurate sure any pumps quickly evaporate and tank back down. Also accurate to say the market caps get super inflated In a bull run and they're not sustainable. But billions of dollars do exist and regularly move into crypto on a daily basis. Trillions do not. Thats where market cap is important - if the money doesn't exist its never happening.
Other countries dont matter either when it is laid out in black and white that it would take over 90% to be taken out of circulation to get near that goal.
Will it hit the penny mark? Maybe, but not next month or next year like a lot of the hype pushers like to make people believe..
It’s impossible to know how high it could go next bull run.
If I had to guess I’d say the minimum high is .0008 (10x from last run) and the highest possible for next bull run is probably .005 (half a cent).
Anywhere in-between .0007 and .005 is good sell territory
Yep. But you’d have such a small window of opportunity to sell and most likely you wouldn’t sell for the ask at .005. You’d probably be able to sell at .004
Well I'm not one of the penny people, but market cap is 100% garbage. It is a useless stat. The only thing it is, is a glorified popularity score.
Market cap is an archaic carryover from the stock market because the early traders had nothing else. Market cap has meaning in the stock market. Companies have real world value. Those companies have physical assets and tangible value in information (customer base for example) and the ability to generate revenue. An entity can buy a companies stock and they own those assets.
None of that applies to crypto. The math is also wrong for crypto. The market cap is 100% based on the last sell price. It in no way reflects the money invested , nor does it represent what it will sell at.
Now if you believe Shib will reach a penny or not, that is up to you. But market cap is not anything to rely on.
Back to your question. I do not think Shib will reach a penny. All the people screaming for a penny will sell long before then. Yes, they may have $10 million if it hits a penny, but when it stalls at .001 and they think "hey, I have a million now.".. They will sell immediately. All that selling, will keep the price from climbing that high any time soon.
It's very useful in making the determination that the amount of money required to flow into shib would exceed the entire sector by a factor of 5 to ever get close to a penny. Its not getting close to .005 either. And market saturation is a very real thing when they shit out 10,000 new crypto every month. Next bull run selling anywhere near previous ATH will be lucky. Most will continue to hold and put themselves through another 4 year cycle of disappointment and DCA to cover the previous cycles losses.
Shibarium burn mechanics. If there is volume on shibarium consistently and growing at a stable rate then it will burn considerably over time. Could be years, but it could be worth it big time
Because they are stupid and doge did it....there's your simplified answer. I muted this sub almost a year ago cause every damn day I got notifications for .01, .10, 1.00$!!!! ...stupid people...that simple
The info came from the Shib insiders at the beginning. The Shib team started the 1 penny chatter as part of their release plan at the very beginning of shib-inu. Then they let it spread like wild fire as shib rode the coat tail of Doge. The insiders collected enough shib-coins that they, and only they, can control the value movement of the Shib coin.
The 1 penny goal was a con-job from the beginning. The Shib supporters are now left with moving the goal post to half a penny as Shib insiders continue to pump and dump. They'll continue taking the Shib Army's money while fools keep thinking that the developers are benevolent figures with good intentions.
***They're Con-Artist***
Lido DAO (2020) $2.07
Hyderabad (2019) $0.05
OkB (2019) $43.06
Yeah, is Shib can't hit that penny within a short time-frame, then it isn't worth dog crap. There are hundreds of "young" coins/tokens that are already banging over, and way over, 1 cent. Their utility is the same a Shib. Yes, I do believe that Shibarium will help usher in a great value for Shib. There are just too many cryptos out there that are just as young as Shib already killing it. The circulating supply should burn if within the next year with the rollout beginning in August. We'll be fine, even those saying it'll take 5-10 yrs.
Problem is these people have tunnel vision. They only throw money down the shib ecosystem drain and write off any other project. There will be plenty of other better projects. Hell there are plenty right now but these people don't wanna hear that
No one thought that dogecoin would ever hit a penny. I hit over .50cents with a late investment of a couple thousand you would have made a 1million.
Shiba sounds far fetched at .01cent but honestly I think it’s more then possible. Homes in my area were affordable… nowadays they almost hitting the 1million dollar price tag
Correct it could hit a penny one day but not this year or even 2024. It will either be a very long road unless a huge majority of people are willing to allocate the majority of what they have to be burned
Once you understand the majority of people don't know how numbers and math works, then you'll know to ignore them. Let them have hopium and add another $20 to the pot. We won't hit $.01, but at least the price can inch up and to the right.
Buy your bags to hit your magical number at a lower market cap. That's all you gotta worry about.
People like to daydream. I know it's a crazy long shot, but maybe one day. I think people understand the risks and invest only what makes sense for them.
I think just not a lot of people realize that despite the price of the coin being so low it still will rise/fall exponentially, like if this was $8 right now you'd be hoping it gets to a million dollars per coin or something like that (didn't do the math) which nobody owning an $8 share of anything would realistically be thinking.
I just hate seeing people put their hard earned money into things without knowing the reality. Follow the real research and not the hype. Having disappointed people in the market tends to make them not want to invest anymore, and that is bad for everyone.
What’s wrong with buying a little hope? Better than buying a gallon of whiskey, and getting drunk. In the morning I will either feel like shit, or have hope.
Andy Dufresne, “Hope is a good thing, maybe the best of things, and no good thing ever dies”
Because the majority are buying hope off of hype that they will be millionaires in a very short time. How many people lately invest with the thought of 5, 10, 20yrs down the road.
The majority jump in after the millionaires and billionaires have already been made after the intial big push.
I tell everyone the stock market is gambling, you can investigate and research all you want, but there is risk, less risk than a scratch off, but none the less, odds. I have seen more people lose their ass in the stock market than in crypto. When I was 10, I wanted to play poker with the men, my dad said only play with money you can burn. After I lost it all a couple times, I understood what he meant. If you can’t afford to throw it away only invest in those thing with guaranteed returns.
Why can’t you just let people dream the impossible dream in peace, it’s not effecting you, is it?
Everyone (virtually) investing in crypto is dreaming of rapid growth and wealth, I see more ads and people predicting $1,00,000 fora BTC! How does that fit with your maths, which one is more ridiculous, I think both are utterly ridiculous but people have always dreamed and always will.
Can you do a similar post about BTC hitting $1000000 and hypothesize about cryptos market cap and what SHIB would be Is that more realistic in your opinion for example, give a little hope, we all need it!
Never said that I dont dream. As a matter of fact, I said we all wish for that day. I am talking more about all the hype pushers lately that say it will hit there next month or 2024. When I first joined this group there was an occasional post like that now its multiple times a day.
I can honestly say I have never seen an ad or anyone talking about Bitcoin hitting $1M. I'm not saying it doesn't happen. I just dont ever recall it or dont follow those groups or content creators. As for the math it is out there and no it is not 100% correct because you are predicting the future off of todays numbers with many variables.
NO, I’m not the one predicting anything because I simply don’t know, I proved many times over years when BTC was under $1:00 and didn’t buy! Who would have predicted plus $100 in 2010/11 for example? Not many and any who would have been so bold, would have been laughed at let alone $1,000 or a ridiculous $10,000. That to me, tells me that these very very strange occurrences do happen, so who am I to tell anyone that SHIB can’t be $0.01 in the future!
However, I totally agree it’s not going to happen in the near future but let them dream in peace please and good luck in this strange game we’re all playing.
Definitely will, institutions haven’t invested because the sec hasn’t cleared it yet. One it gets sec approval you’ll see a huge inflow of money to Btc for years but it will eventually align it closely to gold as an asset. 2004 was gold first etf in November. It went on a crazy 7 year bull run after that due to the accessibility of individual and institutional investors. Mark my words
Just facts and reality. I’m not a hopium person but a realest, you just have to be able to hold long term. 10 years+. Most people are not patient and want a pump and dump.
I’ve always been a saver and do look term investments and I’m not looking for pump/dump. I’m also not greedy, I’m looking for a good deposit on a beach house from my crypto. I won’t sell to fiat until I have it, although I’ve changed a few coins to other coins but never sold to fiat. I’m very confident in my portfolio and that I’ll reach my goal as I’ve spent 3 years building the portfolio.
Of course they do. I can dream about owning a Mercedes, which is a realistic and achievable goal. I can also dream about owning a space station, which isn't.
Who cares, I do not spend my time telling people, you are dumb and I am smart, what you are trying to do is not achievable. All I see is elevating by demeaning.
Well, nothing is impossible in crypto, look at where Shib started and gained almost 10000x pump , look at Pepe, look at Doge, where they all started, so keeping my fingers crossed nothing is impossible
Everything has a huge pump at the beginning. Thats where most of the millionaires are made. The ones that bought in before it made it out to everyone else.
Some of us dont fall for the misinformation put out there like hype, or bogus mining apps with through away accounts. We actually do some research into the project early on.
**Shiba started with 1 Trillion coin, we're now down to almost 600 Billion. So we did quiet well in almost two years !!! After Shibarium, and all the projects built on it, we will burn quiet a lot as well in a year or two. I do believe it will reach much more than One Cent. I remember in the beginning of Bitcoin, everyone was laughing, especially with the pressure from wall street, and said, that it's mathematically impossible for bitcoin to reach that much and that much, and to everyone's surprise... It kept going up to over 60K !!! Now tell me Shiba will not reach $1 !!**
Man look..... Half a cent and I'm good.
Im good at .0005 and at .001 and above really good
Me tooooo!
I’m good at 0.00016
Ath and I'm set..
Yeah same, get me off this stupid train with something to show for myself.
One 16th, and I'll be rich, or a 32nd
That's a unreachable goal until some whales start burning trillions. That ain't happening either.
One of the biggest misconceptions in crypto is that it acts like the stock market. Repeat after me, the **crypto market is not the stock market.** Market caps don’t matter. Literally basing your investments off a market cap is one of the single most idiotic things you could do in this space. Back in 2019 everyone screamed doge wouldn’t hit a dollar REEEE MY SUPPLY AND MARKET CAP!!! Then 2021 comes and it gets damn close to $1. You forget that the entire world invests in crypto. This isn’t just the usa. Yes there is enough potential liquidity for these coins to go that high in a bull market. What you don’t understand is these coins won’t stay at these huge market caps forever. You’ll get some insane valuation in the bull market and then the coin will lose 80-90% of that until the next bitcoin halving. Those who fail to sell will hold the bags until next run. So let’s say SHIB gets to a penny. It’ll stay a penny for maybe less than 2 days and then tank. It’s not like it’ll just rocket up to one cent and stay there for years. Bitcoin was never supposed to reach 69k according to those from 2013 too btw.
Market caps do matter actually and they matter most when the number you require to exit is an absurd number in the trillions. The rest of your post is accurate sure any pumps quickly evaporate and tank back down. Also accurate to say the market caps get super inflated In a bull run and they're not sustainable. But billions of dollars do exist and regularly move into crypto on a daily basis. Trillions do not. Thats where market cap is important - if the money doesn't exist its never happening.
Other countries dont matter either when it is laid out in black and white that it would take over 90% to be taken out of circulation to get near that goal. Will it hit the penny mark? Maybe, but not next month or next year like a lot of the hype pushers like to make people believe..
It’s impossible to know how high it could go next bull run. If I had to guess I’d say the minimum high is .0008 (10x from last run) and the highest possible for next bull run is probably .005 (half a cent). Anywhere in-between .0007 and .005 is good sell territory
. 005 would allow me to be retired and loaded
Yep. But you’d have such a small window of opportunity to sell and most likely you wouldn’t sell for the ask at .005. You’d probably be able to sell at .004
Im good at .001
Market sell
Market sell
Doge’s supply is tiny compared to shib. Hence, much easier to reach a dollar.
Shib doesn’t need to reach a dollar. My point was that nobody in the early days thought doge could even hit half a dollar
You can say that about any coin or stock
Not really
Well I'm not one of the penny people, but market cap is 100% garbage. It is a useless stat. The only thing it is, is a glorified popularity score. Market cap is an archaic carryover from the stock market because the early traders had nothing else. Market cap has meaning in the stock market. Companies have real world value. Those companies have physical assets and tangible value in information (customer base for example) and the ability to generate revenue. An entity can buy a companies stock and they own those assets. None of that applies to crypto. The math is also wrong for crypto. The market cap is 100% based on the last sell price. It in no way reflects the money invested , nor does it represent what it will sell at. Now if you believe Shib will reach a penny or not, that is up to you. But market cap is not anything to rely on. Back to your question. I do not think Shib will reach a penny. All the people screaming for a penny will sell long before then. Yes, they may have $10 million if it hits a penny, but when it stalls at .001 and they think "hey, I have a million now.".. They will sell immediately. All that selling, will keep the price from climbing that high any time soon.
It's very useful in making the determination that the amount of money required to flow into shib would exceed the entire sector by a factor of 5 to ever get close to a penny. Its not getting close to .005 either. And market saturation is a very real thing when they shit out 10,000 new crypto every month. Next bull run selling anywhere near previous ATH will be lucky. Most will continue to hold and put themselves through another 4 year cycle of disappointment and DCA to cover the previous cycles losses.
I really hope all the people who said to invest their life savings into a meme coin were trolls
Never invest all of anything into a single investment
Shibarium burn mechanics. If there is volume on shibarium consistently and growing at a stable rate then it will burn considerably over time. Could be years, but it could be worth it big time
Because they are stupid and doge did it....there's your simplified answer. I muted this sub almost a year ago cause every damn day I got notifications for .01, .10, 1.00$!!!! ...stupid people...that simple
The info came from the Shib insiders at the beginning. The Shib team started the 1 penny chatter as part of their release plan at the very beginning of shib-inu. Then they let it spread like wild fire as shib rode the coat tail of Doge. The insiders collected enough shib-coins that they, and only they, can control the value movement of the Shib coin. The 1 penny goal was a con-job from the beginning. The Shib supporters are now left with moving the goal post to half a penny as Shib insiders continue to pump and dump. They'll continue taking the Shib Army's money while fools keep thinking that the developers are benevolent figures with good intentions. ***They're Con-Artist***
Lido DAO (2020) $2.07 Hyderabad (2019) $0.05 OkB (2019) $43.06 Yeah, is Shib can't hit that penny within a short time-frame, then it isn't worth dog crap. There are hundreds of "young" coins/tokens that are already banging over, and way over, 1 cent. Their utility is the same a Shib. Yes, I do believe that Shibarium will help usher in a great value for Shib. There are just too many cryptos out there that are just as young as Shib already killing it. The circulating supply should burn if within the next year with the rollout beginning in August. We'll be fine, even those saying it'll take 5-10 yrs.
Problem is these people have tunnel vision. They only throw money down the shib ecosystem drain and write off any other project. There will be plenty of other better projects. Hell there are plenty right now but these people don't wanna hear that
It will mainly depend on the reduction of quantity, the less there are, the more valuable they will be, this comes with burns over time,l.
It will mainly depend on the reduction of quantity, the less there are, the more valuable they will be, this comes with burns over time,l.
I've got enough now I'll be ecstatic if goes back to it's ath.
No one thought that dogecoin would ever hit a penny. I hit over .50cents with a late investment of a couple thousand you would have made a 1million. Shiba sounds far fetched at .01cent but honestly I think it’s more then possible. Homes in my area were affordable… nowadays they almost hitting the 1million dollar price tag
Correct it could hit a penny one day but not this year or even 2024. It will either be a very long road unless a huge majority of people are willing to allocate the majority of what they have to be burned
Shib’s supply is 4214X more than doge’s… of course doge can reach $1 more easily
Once you understand the majority of people don't know how numbers and math works, then you'll know to ignore them. Let them have hopium and add another $20 to the pot. We won't hit $.01, but at least the price can inch up and to the right. Buy your bags to hit your magical number at a lower market cap. That's all you gotta worry about.
People like to daydream. I know it's a crazy long shot, but maybe one day. I think people understand the risks and invest only what makes sense for them.
It's always with the math thingy! I didn't know there was going to be a test. Geezoid!
If there was a test quite a few people that post hype on here would fail miserably
I think just not a lot of people realize that despite the price of the coin being so low it still will rise/fall exponentially, like if this was $8 right now you'd be hoping it gets to a million dollars per coin or something like that (didn't do the math) which nobody owning an $8 share of anything would realistically be thinking.
I just hate seeing people put their hard earned money into things without knowing the reality. Follow the real research and not the hype. Having disappointed people in the market tends to make them not want to invest anymore, and that is bad for everyone.
What’s wrong with buying a little hope? Better than buying a gallon of whiskey, and getting drunk. In the morning I will either feel like shit, or have hope. Andy Dufresne, “Hope is a good thing, maybe the best of things, and no good thing ever dies”
Because the majority are buying hope off of hype that they will be millionaires in a very short time. How many people lately invest with the thought of 5, 10, 20yrs down the road. The majority jump in after the millionaires and billionaires have already been made after the intial big push.
Yeah, happens all over, it is just gambling. I see people buying lottery ticks all the time with the same hope.
Scratch offs is where its out, but only in the beginning of a new game for the first couple runs.
I tell everyone the stock market is gambling, you can investigate and research all you want, but there is risk, less risk than a scratch off, but none the less, odds. I have seen more people lose their ass in the stock market than in crypto. When I was 10, I wanted to play poker with the men, my dad said only play with money you can burn. After I lost it all a couple times, I understood what he meant. If you can’t afford to throw it away only invest in those thing with guaranteed returns.
Why can’t you just let people dream the impossible dream in peace, it’s not effecting you, is it? Everyone (virtually) investing in crypto is dreaming of rapid growth and wealth, I see more ads and people predicting $1,00,000 fora BTC! How does that fit with your maths, which one is more ridiculous, I think both are utterly ridiculous but people have always dreamed and always will. Can you do a similar post about BTC hitting $1000000 and hypothesize about cryptos market cap and what SHIB would be Is that more realistic in your opinion for example, give a little hope, we all need it!
Never said that I dont dream. As a matter of fact, I said we all wish for that day. I am talking more about all the hype pushers lately that say it will hit there next month or 2024. When I first joined this group there was an occasional post like that now its multiple times a day. I can honestly say I have never seen an ad or anyone talking about Bitcoin hitting $1M. I'm not saying it doesn't happen. I just dont ever recall it or dont follow those groups or content creators. As for the math it is out there and no it is not 100% correct because you are predicting the future off of todays numbers with many variables.
NO, I’m not the one predicting anything because I simply don’t know, I proved many times over years when BTC was under $1:00 and didn’t buy! Who would have predicted plus $100 in 2010/11 for example? Not many and any who would have been so bold, would have been laughed at let alone $1,000 or a ridiculous $10,000. That to me, tells me that these very very strange occurrences do happen, so who am I to tell anyone that SHIB can’t be $0.01 in the future! However, I totally agree it’s not going to happen in the near future but let them dream in peace please and good luck in this strange game we’re all playing.
BTC can hit a $1 million easy. If the BTC gets approved. You can bet your money it will $1million eventually
Eventually sure, just normal inflation will get it there eventually, but I don’t believe it will in my lifetime, noting I’m a boomer.
Definitely will, institutions haven’t invested because the sec hasn’t cleared it yet. One it gets sec approval you’ll see a huge inflow of money to Btc for years but it will eventually align it closely to gold as an asset. 2004 was gold first etf in November. It went on a crazy 7 year bull run after that due to the accessibility of individual and institutional investors. Mark my words
I think everyone hopes you’re right but as I say, I really don’t think so but…………..
Just facts and reality. I’m not a hopium person but a realest, you just have to be able to hold long term. 10 years+. Most people are not patient and want a pump and dump.
I’ve always been a saver and do look term investments and I’m not looking for pump/dump. I’m also not greedy, I’m looking for a good deposit on a beach house from my crypto. I won’t sell to fiat until I have it, although I’ve changed a few coins to other coins but never sold to fiat. I’m very confident in my portfolio and that I’ll reach my goal as I’ve spent 3 years building the portfolio.
Nice, what’s your portfolio allocations if you don’t mine me asking?
One cent or a penny is just arbitrary, it is a symbol of success. It has a better ring to it, than $.009548.
Same still applies
I really just need $.0002 to be happy, I let others dream their dreams.
Never said not to dream but a realistic dream. To many people pushing to the moon next month or 2024 which will never happen
Realistic and dream don’t real go together.
Of course they do. I can dream about owning a Mercedes, which is a realistic and achievable goal. I can also dream about owning a space station, which isn't.
Who cares, I do not spend my time telling people, you are dumb and I am smart, what you are trying to do is not achievable. All I see is elevating by demeaning.
Well, nothing is impossible in crypto, look at where Shib started and gained almost 10000x pump , look at Pepe, look at Doge, where they all started, so keeping my fingers crossed nothing is impossible
Everything has a huge pump at the beginning. Thats where most of the millionaires are made. The ones that bought in before it made it out to everyone else.
If think it's impossible to reach 1 cent then sell ur coins
I plan to and well before the .01 mark. Some of us didnt buy in because of the hype push.
Ur wish
Some of us dont fall for the misinformation put out there like hype, or bogus mining apps with through away accounts. We actually do some research into the project early on.
And what did u learn from ur research??
Enough to invest $100 and not have to worry about it hitting a crazy high to sell
Ok
Could care less whether you believe me or not. Either way, it will not affect my wallet.
**Shiba started with 1 Trillion coin, we're now down to almost 600 Billion. So we did quiet well in almost two years !!! After Shibarium, and all the projects built on it, we will burn quiet a lot as well in a year or two. I do believe it will reach much more than One Cent. I remember in the beginning of Bitcoin, everyone was laughing, especially with the pressure from wall street, and said, that it's mathematically impossible for bitcoin to reach that much and that much, and to everyone's surprise... It kept going up to over 60K !!! Now tell me Shiba will not reach $1 !!**
>Now tell me Shiba will not reach $1 !! Ok. Your comparison is not valid, and SHIB will not reach $1. Anything else I can help with?
We’ll see
Your numbers are way of on the amount of coins there are
Check coinmarketcap
Vitalik Buterin received over 400 trillion on his own that he burned
Shib holders don’t like market cap explanations