I won’t claim to be part of the #shibarmy. I definitely don’t have diamond hands when it comes to any investment. Gamestock and AMC were both fools gold… As are many cryptos, including DOGE.
There are cryptos and stocks I care about… One of each actually. Investments I believe in for 10+ year holds. SHIB isn’t one of them.
Yet… I hold roughly 100m SHIB. A small investment. Why? Because there is a place for it in the crypto ecosystem. Unlike DOGE, there are real use cases. As time goes on, more and more will burn. NFTs are not going anywhere, and neither is SHIB.
So the big whale moved some… That’s good. Decentralized coins gain strength and value in spreading out. And besides, everyone here would’ve done the same. Not taking some profit would’ve been silly.
So the value has dipped. Does it really matter? Not only are cryptos volatile, but SHIB rose on meme status.
Yet, there are plenty of catalysts… Along with actual, real use cases to grow this project and it’s associated value.
BTC went from $15k back down to under $3500 and now look at it. Anyone not understanding dips happen with every crypto either is new to the field or shouldn’t be investing. To all of you, I say relax. It’s ok. It’s not even bad… SHIB is still significantly up. Still, what, 11th in market cap at this moment? Yet there still are eventual exchange listings on the horizon. More burning. And more adoption coming.
Everyone will make money. You don’t even need diamond hands. Sell when you want. Your 1 mil SHIB doesn’t matter. My 100m doesn’t matter. In the long run, the project will grow because of those buying in because of the coin’s value, use and purpose… Not because we held with our insignificant amounts. Even a large whale selling couldn’t knock it into 12th market cap.
So never invest more than you can afford to lose, but know you can’t lose until you sell… And for many who already profited, you should be selling (or sold yesterday). Then just buy in again with profits. More peaks are coming…as with every single crypto in the top 100.
themoreyouknow
submitted by /u/Nearby-Advantage-496
[link] [comments]