SHIB’s been growing in popularity and value with almost every week that passes. With the influx of new investors, we also have quite a few new ShibMates that have joined the Reddit community. So, the same questions and concerns we had before, are now being cycled again. And there’s absolutely nothing wrong with that. I’ve noticed some of our more seasoned veterans getting a little salty when addressing these questions. So, I decided to make a list. Not an FAQ but, a list of a few (5) general concepts and ideas that new investors may not be familiar with. Hopefully it helps some of you. If there’s something specific you think needs to be added, feel free to explain it yourself in the comments. The best way to grow our community is to be inclusive. We may reserve Adults for more nuanced talks about Shib but, that doesn’t mean we have to scare off people who are excited about their shiny new investment. That being said, here we go.
1) I want to use Bury on ShibaSwap but the gas fees are way more than the rewards I receive every other week.
Honestly, unless you’re planning on staying Bury-ied for more than a year, ShibaSwap may not be for you. It does cost gas fees to make transfers and trade tokens when using a DEX on the Ethereum blockchain, and so you can’t expect your short term rewards to be more than what the gas fees are. Some people learn how to yield farm and use Dig but, the majority of people want to stay safe and just use Bury to stake their tokens. I wouldn’t even consider ShibaSwap unless you have $1,000+ worth of SHIB. Because of the way the rewards system is set up (multi asset) the rewards in SHIB you get have generally been seen as “not enough” for most people. The reason for this is a simple misunderstanding. ShibaSwap should be used to build your Bone bag. Out of all the rewards, that’s the only one with a percentage high enough to yield anything meaningful. And, again, that’s only after staying staked for years. I would say the benefit of using ShibaSwap is that your Shib isn’t locked away, 67% of your rewards are. So, if Shib makes a major move to the upside, you can pull them from Bury at any time (gas fees required) and take profit if you feel like it’s time. If all you’re interested in is SHIB, it may be better to stake your tokens on a CEX like Crypto.com. That way you can earn SHIB strictly based on the amount you have, instead of based on BPB and transactions on the exchange.
2) Can SHIB actually reach $0.01?
This one is a bit of a touchy subject for some, so I’ll try to explain this in the most basic way I can. Currently, based on its circulating supply, no, Shib can’t reach $0.01. That being said, in theory, and in my OWN opinion, eventually Shib can reach $0.01. It’s going to take a ton of burn off of Shib to get there, and an even bigger market cap but, it could reach a penny if those two specific conditions are met. Again, there’s a big emphasis on the burn aspect. Without it, and without a lot of it, there’s no way for Shib to reach $0.01.
3) If SHIB won’t reach a penny anytime soon, and I may not become a millionaire off my $1,000 investment, then what’s the point?
I’ll start with the negative. There’s always going to be someone with more invested than you. Someone who invested $10,000 is going to cash out much sooner than someone with $1,000 worth of Shib. Does that mean you won’t make any money? Absolutely not. You can’t expect a single investment to make you a millionaire. But, you can expect a single investment to make you more money than you had before. The best thing you can do from here on out is start learning about market cap, RSI, and crypto market trends. Crypto is much more volatile that the regular market, and the risk involved is precisely because of how big the return on investment potential is. So, instead of worrying that you may not become a millionaire, set a realistic long term price target. If SHIB climbs very high in the span of a few days, consider taking some profit and buying back in when it comes back down and consolidates. Grow your investment by keeping an eye on it. Don’t expect it to grow itself. Maybe SHIB makes a huge run in 2026 and you’re at $10,000 instead of $1 mil. That’s still a 1000% return (based on a $1,000 buy in) in the space of 4 years. Those are legitimately fantastic returns. In my own opinion, SHIB will go much higher than that but, just want to keep things in perspective.
4) Woe is me, SHIB is dropping, SHIB is flat, WTF, we’re flatlining, market manipulation, whales selling, everything is moving up but us, why are we stagnant, blah, Blah, BLAH!!
Ok, calm down. This is my favorite. And it encompasses what I said before about learning market trends. If you think a 10% – 20% drop over a few days is bad, you weren’t here with us from May to September of this year. We went from .000033 to .000005 in the space of a couple days. And we stayed in the .000005 to .000007 range the whole time after that. People screamed. People whined. And sadly, people paper handed. Especially when BTC and ADA started moving up. People sold their SHIB they had bought at all time high and bought ADA at its new all time high. Smart right? Some people never learn. The best lesson you can teach yourself is what it means to DCA. No coin or stock rises forever. What goes up, must also come back down, and then must consolidate. It happens with EVERY investment asset. Look at ANY chart over an extended period of time and you’ll see what I mean. Up, down, consolidation. Then up higher, down but higher than before, then consolidation. That’s how it works. You can’t change it. You can’t get everyone to buy and hold. You can’t scream at people who are already holding and expect new people to buy and hold because of it. Traders gonna trade; and paper hands gonna fade. The ones who stuck to their guns, and refused to sell at .000007, are the ones that are sitting comfy on a 300%+ return right now.
5) Last one. The importance of DCA.
There’s a reason you see people saying “only buy what you can afford”. Investing in crypto is a gamble. Especially for new investors. For the average retail investor, all that matters is ROI. Yes, we talk about utility and usage but, the bottom line is making a profit. Price goes up, “I want buy more!”. Price goes down, “I’m losing my money, I sell now!” You can tell people all day long to buy low and sell high and they’ll still FOMO into something feet first for those sweet mother effin tendies they see everyone else eating. You have to be patient. You have to have a plan. And above all else, you have to DCA. Dollar cost averaging can mean multiple things. For most 9-5 working class people, it simply means buying a specific amount a week, regardless of price. For a more nuanced approach, and for a method that will see you netting higher returns, try this:
Instead of spending your entire FIAT bag at once, try buying half of what you would have and letting it sit. Keep some powder for later. Then, if the price goes down a bit, buy some more. By doing this, you’ll lower your buy-in average. This means the next time it moves up, you’re in profit sooner than you would be had you bought everything at once. I’m telling you this 100% works. I had to learn this the hard way, just like everyone else, but; I’ve been reaping the benefits of understanding it ever since then. I too bought SHIB at near previous ATH in May. I watched, sadly, as my bag shrunk daily. It was going to take a long climb to get me back in the green. But once I learned about DCA, I changed my strategy. Every time SHIB dropped from .000007 to .000005, I bought more. Usually in $100-$300 increments. After doing this for long enough, I was able to move my buy in from .000022 to .00001, then .0000095, then .000008, so on and so forth. I completely stopped buying any time SHIB started a move upward. Now, my buy in average is .0000075 and I’m sitting WAY in the profit. The other part of it is that those small incremental buy ins became a large total buy in over time. I now have a respectable amount of SHIB on multiple platforms and holding what I have has become that much easier because, even if I bought a bit more the next time it consolidates (and I am 100% planning to), it’s not going to move my average up so high that a significant down trend puts me in the red.
Anyways, that’s it. A few of the topics I see discussed or argued about the most here. Remember, we’re all just people trying to build a future. We don’t actually know each other. So there’s no reason to get mad when someone says something you don’t agree with. One of the charms of SHIB is the community it’s been able to build. It’s literally the best community of any other crypto. So, instead of telling someone they’re wrong because you don’t like what they said, try explaining your point of view with examples and understanding. We were all new to this at some point or another.
1. Use Crypto.com and other CEX’s to build your SHIB bag. Use ShibaSwap to build your Bone bag. 2. SHIB can’t reach a penny now but, with enough burn and a high enough market cap, it could years from now. 3. Set realistic profit goals and expectations. 4. What goes up, must come down, but; it’s usually higher than it was before. Learn basic chart analysis. 5. Dollar cost averaging is the most effective tool for the average retail investor.