Shit's running wild right now. Jesus...
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A couple of thousand in March/April would a couple of million today.I feel like I already missed it. This feels like when Doge was running.
Some dude I work with YOLO'd a couple thousand into it.
Yeah, but he just did it in the past 2-3 days. He bought like $750 this afternoon somewhere around .000080. He has 30 million in total. He's hoping it hits 1 cent so he could get 300k.A couple of thousand in March/April would a couple of million today.
I have figured out that by the time I see an opportunity- stock/crypto that's posted in more than a few places, I've already missed the boat.Yeah, but he just did it in the past 2-3 days. He bought like $750 this afternoon somewhere around .000080. He has 30 million in total. He's hoping it hits 1 cent so he could get 300k.
Obviously I realized but I’m up 50k this week. Feel free to sit on the sidelines calling it a shit coin, I did the same with DOGE.
That's exactly where I'm at.Yeah, but he just did it in the past 2-3 days. He bought like $750 this afternoon somewhere around .000080. He has 30 million in total. He's hoping it hits 1 cent so he could get 300k.
You could say the same thing about many large cap cryptos. Many don’t have use cases or just do things worse than other coins. BTC has first mover advantage and relatively small total available coins. There are many cheaper and faster options to make payments and send money than BTC but it continues to roll.I mean, is there a use for it?
I remember looking at it back in the spring when it was first being talked about but there was like no easy way to buy it. You had to go on some pancakes site or something.
I'm glad you're up 50k though. Take some profits. I told the guy I work with to take some profits but he's at the point where he's liquidating other assets he's underwater in to buy Shib. He sold about 300 bucks worth of stock today to buy more. He took a $200 loss on the stocks. He's FOMOing hard. I hope he takes some profits before the inevitable dump.
I think it's a community Pump-and-Dump, which I've always assumed was the case with Alt Coins. You hold BTC and ETH long-term; you play around with Alt's.I mean, is there a use for it?
I remember looking at it back in the spring when it was first being talked about but there was like no easy way to buy it. You had to go on some pancakes site or something.
I'm glad you're up 50k though. Take some profits. I told the guy I work with to take some profits but he's at the point where he's liquidating other assets he's underwater in to buy Shib. He sold about 300 bucks worth of stock today to buy more. He took a $200 loss on the stocks. He's FOMOing hard. I hope he takes some profits before the inevitable dump.
You could say the same thing about many large cap cryptos. Many don’t have use cases or just do things worse than other coins. BTC has first mover advantage and relatively small total available coins. There are many cheaper and faster options to make payments and send money than BTC but it continues to roll.
Im not a SHIB fan, just pointing out that buying and holding a project isn’t as important as making money to me. Use shit coin gains to buy BTC and ETH or some other coin you really believe in.
This is why I was a big fan of REP (Augur) in 2017-18. 11 million total coins, a strong use case for betting sites and it pumped ridiculously back then. Currently sits at $22, over $100 off of it's all time high from when BTC was only $22,000. Made most of my crypto gains in 2017 with OMG, another project that hasn't done much for years, is far off from it's all time high and still looks good fundamentally if they team can do anything more than post skateboard photos and fake partnerships to Twitter.It's not just first mover there's security concerns with various coins. Different coins are vulnerable to various attacks. The more market cap for a blockchain the less vectors for attack there are. Even etherium is far less secure than bitcoin.
There's also the scarcity factor. A lot of the novelty alt coins don't work in the same way where the computation is more difficult as more of the hashes are computed.
I won't pretend to understand the economics of that as that's not my area, but that is a major factor as well.
Shit's running wild right now. Jesus...
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