Certainly would never bet every penny on crypto though. The saying goes - "bet only what you can afford to completely lose" - and it makes more sense. The "experts" say 1-5%, which is way below what my percentage is at. The "experts" must face it - they missed out entirely - BIG TIME.
Shiba is certainly a better bet riding on the Ether chain than stand alone inefficient "fix me" Dogecoin living off of Musk memes.More cause to throw in with Shiba than there was when Dogecoin Millionaire became just that. My guess is Robinhood will list Shiba within the week. It's gonna jump significantly after that. My guess is I'm into 10K profits with Shiba already and I feel it's not even starting. I'll say....throw whatever you can afford to lose in Shiba over every other Crypto Coin Right Now. Better
Currently .00004954
Thing is Shiba Inu rallied hard off Musk's Shiba Inu puppy called Floki. He posted a picture and the Shiba Inu crowd used that as an excuse to pump the coin. Meanwhile Musk meant that really for the Doge crowd. So you're saying Doge lives off Musk memes which is the exact thing Shiba Inu is doing.
levelup.gitconnected.com
I agree, already made the switch years ago from "other" crypto that was profitable to mine via GPU to Bitcoin / Etherium. Crypto crashes always hit the "other" coins much harder than the two main ones.
Thing is Shiba Inu rallied hard off Musk's Shiba Inu puppy called Floki. He posted a picture and the Shiba Inu crowd used that as an excuse to pump the coin. Meanwhile Musk meant that really for the Doge crowd. So you're saying Doge lives off Musk memes which is the exact thing Shiba Inu is doing.
Ethereum is still inefficient also because POW has not been phased out. I'll be turning on my miners soon. Until it goes to POS completely Shiba Inu will be no different than Doge as far as "efficiency" goes. Ethereum miners actually benefitted when ShibaSwap was launched.
I think it is cool that people have made money with Shiba. Just know when to sell. I turned $0 into over $100,000 with Doge earlier in the year. However I did not sell at the top and now that is worth around $42,000. It is all paper profits until you decide to cash out.
The one thing I don't really like about the Shiba Inu coin is that it was started to kill Doge. That's a hostile origin that would have the intent of harming Doge investors. Meanwhile Doge had a much more friendly origin since it was just started as a joke.
I also don't like that Shiba Inu is piggybacking on Doge. Musk should make future tweets more Doge specific somehow. He has already come out and said he only owns Bitcoin, Ethereum and Doge.
There's a saying: Buy when its red and sell when its been green for a while. Who knows maybe Shiba will keep pumping. At some point it will correct big I think.
Profitability is Up for Ethereum Mining Following ShibaSwap and China Crackdown
ShibaSwap and the China crackdown have reduced the global hash rate, raising gas prices and mining profits.
And that's precisely it - Alts are hype and really there is only Bitcoin and Etherium as players. And even those two are still speculative to a point. Calling top is a hard play. I did it once with AMD in 2019 coming down 30ish to 18 and got right back in it. The stop-loss order I had in at 27 helped out a lot. Still riding that wave.
A good hindsight analysis but I would be much more impressed had this come out before ETF futures approval.
Nice, wish I had the stones to put thousands into the newest red-hot alt coin.
Follow the cool kids on youtube, several guys who do daily podcasts. I think the guy at work is tired of hearing them even though he invests...I need some headphones...lol.
He's a tiny fraction of my inspiration to succeed.
