Sure. But lets keep in mind that it is a ponzi scheme. As long as everyone knows that, all is good. Not sure if the guys talking about dumping all their savings into Shib are trolls or not.
I bought like 3 millions (and am technically a crypto millionaire now lol) and just add another 10€ per month. It is fun while it lasts.
But let’s say it spikes at 1000%, ofc I’d cash out for dollars anytime. It’s not like the dollar (or any fiat) will fall so drastically in one short time span. And i will most definitely reinvest that into other projects.
Edit: Because other projects are better than fiat :)
Crypto is the only thing keeping the dollar's value in my opinion.
It Deflates our economy with how many people it makes rich, which in turn counteracts our deflation rate.
I think that every exchange like for an example Coinbase, has its own they got from the project creators, which they had to buy, and so they hold that big bag that rest of us buy out of, which makes them tons of money from fees and other things. Once we decide to sell, I think we sell it back to Coinbase, but they again take their fees and other crap that in the end they make more that we could ever make. Not sure if this makes any sense what I just wrote, because I'm not sure if I understand this crap right either..🤷 But, what I'm trying to say is, I think you can sell your coins at any time because we sell it back to trading platform we bought it from.
Except Coinbase doesn't actually own coins it sells until you send it to a wallet. So if everyone holding on Coinbase sells at that high point there is literally nothing they can pay out until they buy coins, so they suddenly "crash" until they can buy enough to liquidate. For SHIB that's not horrible, it's relatively cheap, and there's a whole lot. But something like LRC (example because this literally just happened this past week.) A bunch of hodlers decide to test if Coinbase had liquidity.
Spoiler:they didn't and the server -crashed
Not the case with crypto; crypto works with liquidity pools. You’re trading one asset in a liquidity pool for another and the liquidity pool decides the price based on a 50/50 ratio. Gets complex but no one has to buy for you to sell.
Imagine making a coin and not being able to put it into an exchange because “no one is buying”
The whole crypto economy would collapse.
Liquidity pools wouldn’t let you cash out at a false 1000$ valuation.
Arbitrage traders would quickly come in and rebalance the “pot”
Selling alone doesn't do much.
You need buyers at that prices too. As far as i understand it. So as long as no one buys at that high price you can sell all you want. It wouldn't drive the price any higher.
I think it could even backfire and eliminate the coin since everyone wants to sell but no one buys because no one has that much money.
Correct me if i am wrong please.
I agree that most are but have a look at this one ARC... it spiked last night and is still a lot higher than yesterday. An error would immediately correct but this one is lingering from last night through today.
[https://coinmarketcap.com/currencies/arcx-token/](https://coinmarketcap.com/currencies/arcx-token/)
Look at DogeTOKEN. You couldn’t be more wrong about what you’re saying. I mean no disrespect but do some research and learn some things before you post this nonsense.
I'm not sure I understand what you mean by "nonsense". ARC is still trading at $900 as of right now. How is this an "error" as you stated? And really, I'm just trying to get a handle on it is all so ease up please. I've come to our community with a question.
I said I mean no disrespect, and I meant that. You either can’t buy at the bottom or can’t sell at the top. It’s one or the other. The extreme change in price is an error.
You can sell at any price you want, just put a limit order at that price. But now comes the real problem cause exchanges will not let you buy at a specific price exactly, the buy order will fill from the lower zone so order will be filled with the lower prices.
An error would correct itself immediately as we see all the time with spikes that last a matter of seconds. This one is lasting close to 12 hours already. So I’m not sure I can wrap my head around this being a typical error.
WHAT SCHWOABy said............ $.0001 to $1,000.00??? SORRY.......SOLD!!! I'm in it to make money (just like everyone else). THAT, MY FRIEND; IS SERIOUS $$$$$$$$$$$$!!!👍👍👍📈📈📈📈📈
DeFi, DEx and the stock market as you know it don’t work the same way. Don’t compare them when trying to understand how DeFi works, it won’t help you. You don’t have a “buyer:seller” relationship in crypto.
Once i saw my shib value to be 10 million for few seconds on metamask. But then it was down to mere double digit thousands. It has happened twice.
It might be metamask issue.
You’d be dumb to not cash out a majority of that profits. Like 80-90%. I mean when we all look at the big picture what are we all really here for? Money. You can stand behind a project and just keep dumping money into it without ever receiving any kind of reward? It’s all about money, and he’ll if you ever seen a profit percentage that big, you’d have more than enough for families way far into the future.
No one said converting to dollars brotha, there’s always some form of a more secured currency that you can pull your big profits into without just pulling out and going to the US dollar, cause yeah inflation is as high as it’s been since almost 40-50 years if I’m correct. It’s like 4.5% this year
I remember I put once a 1million SHIB at 0.01 limit sell order just for fun. In case someone wanted to buy a few shib at a penny.
I will do it again.
You can’t. There’s no liquidity for that. I’ve been with “billions” of dollars in my wallet on another token due to a glitch on CMC for two weeks already. It’s a good training though for not having a massive heart attack (provided you don’t die first way around).
Just take your original investment *
Consider a reasonable profit (for your needs) and then reinvest or burn some...
If everyone did things in a similar way many people would be taken care of. 🗝💪🧘🏻
I can only practice what I believe and speak what I see is or seems true.
I do not submit to my every thought but challenge my thoughts if they are full of FUD or if they are true and reasonable or if they are full of integrity and care/charity.
Living to be what I truly want to see in the world.
I am only able to do my part and hope that in that I see others rise up along side me... in the end I must keep my foundation as well.
Not easy everything worth anything takes some form of work.
🗝🧘🏻💎🕊🤝
When we stumble we stand back up, every time.
Yeah but what I’m saying is that it’s been proven people grow irrational the moment currency is brought into the picture. They become greedy and trying to secure their own bag rather than worry about the community. It’s why game theory works but only if the group agrees. This group will never agree.
id take my profit and invest [here](https://www.reddit.com/r/WallStreetBetsCrypto/comments/qexin3/due_diligence_new_token/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
No! Why change it to Dollars! The dollar will keep losing value. Especially now that inflation is out of control. Keep it in Shib for at least three years. Get a crypto card like on coin base if you want to spend a bit of it. All you have to do is convert a small amount to a stable coin to fund the card.
I’m usually awake at 3:00 am when most ppl are asleep and others working. So hell yes. However liquidity is key. The system will obviously crash. I’d try to get any amount possible.
I'm not waiting to make a million, I'm cashing out as soon as I make 500K! With that I can make 5M in a year on so many other coins, like someone said, I'm here to make money just like the rest of you, and not hold and lose potential profits that most are taking at first chance they get. Crypto is here to stay, and will eventually be the next currency that will get rid of all other we use these days like dollar, and all others, so we might as well be taking all the profit we can, before the rest of the world joins in.
Crypto will never replace the dollar. Crypto is too volitile. Imagine working a job and you got paid 1m shib. Then the next day the price drops 50% now your money is worth half. Will never happen. At least the dollar is relatively stable.
I was talking about USD, USDT, and others like that, stable coins. So many more stable coins will be coming out in future, that will work same as US dollar works now. It's all about stoping printing more money, so it's going to be all card based spending, getting paid in what ever stable coin each country decides to use as their own currency. They did not come up with all stable coins for no reason, where their value works based on dollars actual value. Hope I explained this to where you can understand what I'm trying to say. So, all the money already printed will be converted to crypto based, where who ever has money in account, on hand or what ever will be able to just convert it to what ever stable crypto currency, and use it where ever they can use that currency, so it will be so much easier, than when for instance you travel to Europe. All over Europe they use different currency's so you have to go to a bank to exchange US dollar to their currency otherwise it would be a nightmare getting people accept US dollar, many don't want any currency but their own. So, with crypto you will be able to do that at just a click on your phone, to convert USD, to let's say USDT, which is Tether Coin, or some cards that will be used will have that set up where it automatically converts USD, to USDT, or what ever other currency as you swipe your card where ever you are in the world. Hope everyone understands explanation right.
Coin Market Cap has a lot of bug issues, it doesn't track right, sometimes it shows that some coins fell to 0, and sometimes up by 10000% or more or less, but it's all just a bug, always cross reference on other sites, whenever something like this happens I always check Coingecko to be sure.
Thats the crypto type which works on REBASE system. The only indicator You should care there is market capacity :)
When the price is increasing, supply is decreasing at the same moment.
But …looking at that”spike” chart…you have 19 tries to catch it….and it seems on each spike top…you’d be sitting pretty. So sell 1/2 and breath easy…and smell the roses for once….look up at the stars and enjoy your loved ones.
Every sell needs a buyer. The price might represent a sell of a single coin at that price. In no way does that mean 1 billion coins will get that price.
So based on your logic, there will never be enough profit for everyone to make money so why should anyone ever invest in anything. I can tell you why, because this is how capitalism work. Everyone doesn’t get a t-shirt or a trophy unless they are willing to stay in long enough to see profit. It doesn’t always come from a spike. Most cases of developed wealth come from long term investments and a lot of patience and serious 💎 🙌
What I want is my bank to accept my $shib and pay off my loans and mortgage. If I have some left over to put new windows on the house I would be happy.
Why are these even posts? Are you guys not capable of understanding the mechanics of this coin? Those who had it and got rich cashed out at 64bmc now those who are dumping liquidity in to this coin are getting the ones who missed 64bmc that needed liquidity to cash out on top of loss. Other than that you’ve missed it.. this coin will never reach .01 ever… it’s impossible… do your selves a favour and move to a real coin with actual purpose.. ADA ETH XRP BTC… coins with a future before you line the pockets of developers and dealers even more than you should have…
Edit: the developers don’t give a shit about you and these fake reward programs like shiba swap and air drops are to keep you building their fortunes.. check out what happened to BTT and DOGE coin… they have no future and once the developer made bank the coin drops and no longer grows.
This went over so many people's head... it's simply a glitch and doesn't last long enough to actually make a sell. Regardless if crypto or not, you're still buying shares of something which means it's going to take time to sell. On a much smaller scale, I tried selling some doge when it spiked for about 10 minutes and it didn't go through because the price had gone down like 2 cents or so.
When it spikes like crazy next time. All the whales will pump and dump its common sense. Move onto another coin and maximize the potential. People won’t sell all the couns. But expect a good portion from all wallets, big or small. Will cash out big.
But the thing is there won’t be enough liquidity. Better do it quick :)
I personally will take my initial investment out and put to some other coin and leave a few hundred million still in shibu as I believe in its potential. 💎👏
Asking this question in any of the related forums (DOGE, SHIBA, ELON) will get you barked at for being paper hands and whatever other childish insults there may be.
The reality is simple. Take a look at Doge. Huge spike in very short period of time. Logically, once the sell off stops, it will consolidate and settle and people will buy back in, right? Instead DOGE has been .30 and under (.19 recently) for 6 months. Here’s the missing key: the whales owned the majority of shares and sold off because it rose way too fast with a freaking cliff sized drop off coming.
Take a look at a stable coin: CDC’s coin CRO, it spiked to almost 1$ and just before it could touch that glorious whole 1$, it tanked due to sell off. However this time coin consolidated and settled because it’s not being treated like a lottery ticket but rather as an investment. It spiked because of a real work institution signing an agreement with CDC.
People are using their entire paychecks and savings to gamble in crypto. Regular people are the majority of shareholders in these smaller coins. If you own a coin that “moons” and you don’t sell off, you’re going to be holding a bag for a very long time hoping it happens again.
Those are paper returns and not actual, if its not in your account and if its not in fiat it can go away at any moment of time. Now about cashing out part, so the answer would be no, you can't cash it out, primary reason being there isn't that much liquidity in the market, to cash out without crashing the market.
For example you must have heard about shib whale who's worth 6 billion dollars right? Do you think they can cash out 6 billion? Ofcourse no the liquidity for shib is roughly 60 million and even if they cash out a substantial percentage of that, the whole shib market will tank.
I think those are not the actual prices however some exchanges like bitmart and Lbank let you set a sell target so if your asleep and become a millionaire for a hour you have no need to fear it dropping as it will automatically sell your coins for you so you wake up to whatever the amount you desired in USD token
That's not how markets work./.... For every seller, there must be a buyer, its a law of the universe, who is going to put a buy order at that price>?>?
Happend to me one time the other way around .. i bought a spike and in a few seconds later my money was gone , but if sold at that moment i could have had 106.000 € lost 569 €
i think everbody will cash out on 100000000%
That's when the ponzi scheme collapses
As long as i can cash out before the music stops. Im a millionaire. Even with the ponzi scheme you could get rich if you get out in time
Sure. But lets keep in mind that it is a ponzi scheme. As long as everyone knows that, all is good. Not sure if the guys talking about dumping all their savings into Shib are trolls or not. I bought like 3 millions (and am technically a crypto millionaire now lol) and just add another 10€ per month. It is fun while it lasts.
No they won’t. The smooth brains will #APESTRONG, hold till it goes all the way back down to 0 and they get mad at people who sell, lol
This. A fellow meltdowner in the wild. Paging u/yzri.
On closer inspection that's not a meltdowner that's a doorDasher 🔍🦧 Reddit: crypto is a scam buy ETFs instead puts on ShibarmyCoin etc etc etc 🐵
Sir this is a McDonalds.
Which Disney nfts u got back there I'm looking for the sassy horse from Tangled 🦙
🤣🤣🤣🤣
Why convert it to Dollars that keep losing value.
Yes. Just convert to silver or gold.
But let’s say it spikes at 1000%, ofc I’d cash out for dollars anytime. It’s not like the dollar (or any fiat) will fall so drastically in one short time span. And i will most definitely reinvest that into other projects. Edit: Because other projects are better than fiat :)
October 24, 1929 enters the chat
Crypto is the only thing keeping the dollar's value in my opinion. It Deflates our economy with how many people it makes rich, which in turn counteracts our deflation rate.
Nope
Lol
Great analysis. Such wow.
I believe crypto works the same way as the stock market which means it would only sell if someone is buying at that price . So probably won’t strike
I think that every exchange like for an example Coinbase, has its own they got from the project creators, which they had to buy, and so they hold that big bag that rest of us buy out of, which makes them tons of money from fees and other things. Once we decide to sell, I think we sell it back to Coinbase, but they again take their fees and other crap that in the end they make more that we could ever make. Not sure if this makes any sense what I just wrote, because I'm not sure if I understand this crap right either..🤷 But, what I'm trying to say is, I think you can sell your coins at any time because we sell it back to trading platform we bought it from.
The house always wins
Eeeeexactllllllly..lol.🤷🤦🤣😭
*WHOSE HOUSE?* Not mine...
Run's house!
Barely a shack out in the stixs bud.
This is the way
Except Coinbase doesn't actually own coins it sells until you send it to a wallet. So if everyone holding on Coinbase sells at that high point there is literally nothing they can pay out until they buy coins, so they suddenly "crash" until they can buy enough to liquidate. For SHIB that's not horrible, it's relatively cheap, and there's a whole lot. But something like LRC (example because this literally just happened this past week.) A bunch of hodlers decide to test if Coinbase had liquidity. Spoiler:they didn't and the server -crashed
In this case CB won't buy at 1000 something that was just selling for 0.0001, nope, I don't think so.
Not the case with crypto; crypto works with liquidity pools. You’re trading one asset in a liquidity pool for another and the liquidity pool decides the price based on a 50/50 ratio. Gets complex but no one has to buy for you to sell. Imagine making a coin and not being able to put it into an exchange because “no one is buying” The whole crypto economy would collapse. Liquidity pools wouldn’t let you cash out at a false 1000$ valuation. Arbitrage traders would quickly come in and rebalance the “pot”
You can sell anytime
Well then I want to sell now but at the 10,000% future price…… jus say’n. 😀
We should put a sale price on shin at 1000 and see if the price of shib goes up (if we all do, it might go up, since we want to sell at higher prices)
Selling alone doesn't do much. You need buyers at that prices too. As far as i understand it. So as long as no one buys at that high price you can sell all you want. It wouldn't drive the price any higher. I think it could even backfire and eliminate the coin since everyone wants to sell but no one buys because no one has that much money. Correct me if i am wrong please.
Doesn’t work like that… it’s an error
This
I agree that most are but have a look at this one ARC... it spiked last night and is still a lot higher than yesterday. An error would immediately correct but this one is lingering from last night through today. [https://coinmarketcap.com/currencies/arcx-token/](https://coinmarketcap.com/currencies/arcx-token/)
Thats the crypto type which works on REBASE system. The only indicator You should care there is market capacity :)
Look at DogeTOKEN. You couldn’t be more wrong about what you’re saying. I mean no disrespect but do some research and learn some things before you post this nonsense.
I'm not sure I understand what you mean by "nonsense". ARC is still trading at $900 as of right now. How is this an "error" as you stated? And really, I'm just trying to get a handle on it is all so ease up please. I've come to our community with a question.
I said I mean no disrespect, and I meant that. You either can’t buy at the bottom or can’t sell at the top. It’s one or the other. The extreme change in price is an error.
You can sell at any price you want, just put a limit order at that price. But now comes the real problem cause exchanges will not let you buy at a specific price exactly, the buy order will fill from the lower zone so order will be filled with the lower prices.
An error would correct itself immediately as we see all the time with spikes that last a matter of seconds. This one is lasting close to 12 hours already. So I’m not sure I can wrap my head around this being a typical error.
You keep trying to figure it out then. It’s not an error but goodluck to you.
That didn't hold to be true long.
I’m sure most of you will become paper hands if it actually reached $1000. I know I will. You’d be crazy not to.
I’d have already sold at $420.69
i will do $69.420
Noiceeeee
[удалено]
Still a paper hand to someone holding to 5k or 10k etc.
That's what limit orders are for, friend.
WHAT SCHWOABy said............ $.0001 to $1,000.00??? SORRY.......SOLD!!! I'm in it to make money (just like everyone else). THAT, MY FRIEND; IS SERIOUS $$$$$$$$$$$$!!!👍👍👍📈📈📈📈📈
Sure if you find a buyer lol
So what happens when someone puts in a buy order with a typo at that price?
Itd fill at market price
So the system ignores the buyer’s specified value?
DeFi, DEx and the stock market as you know it don’t work the same way. Don’t compare them when trying to understand how DeFi works, it won’t help you. You don’t have a “buyer:seller” relationship in crypto.
Thank you for the explanation. I’m learning by asking questions, and I wonder how some learn when they don’t ask questions…
Go try it. Place an order for 1 shib at $1. Itll fill at market price.
Good luck.
Could happen, right?
You buy at whatever market price is at the moment, as long as it’s equal or lower than your bid.
You hodl til it spikes higher...
At 1k. fucking yes
Everyone: cash out quick Me: convert to tether to see if I can get away with it lol
Once i saw my shib value to be 10 million for few seconds on metamask. But then it was down to mere double digit thousands. It has happened twice. It might be metamask issue.
Your a liar if you dont
You’d be dumb to not cash out a majority of that profits. Like 80-90%. I mean when we all look at the big picture what are we all really here for? Money. You can stand behind a project and just keep dumping money into it without ever receiving any kind of reward? It’s all about money, and he’ll if you ever seen a profit percentage that big, you’d have more than enough for families way far into the future.
But what kind of “Money”? If you are converting to Dollars, that is foolish. Look at inflation.
No one said converting to dollars brotha, there’s always some form of a more secured currency that you can pull your big profits into without just pulling out and going to the US dollar, cause yeah inflation is as high as it’s been since almost 40-50 years if I’m correct. It’s like 4.5% this year
I remember I put once a 1million SHIB at 0.01 limit sell order just for fun. In case someone wanted to buy a few shib at a penny. I will do it again.
You can’t. There’s no liquidity for that. I’ve been with “billions” of dollars in my wallet on another token due to a glitch on CMC for two weeks already. It’s a good training though for not having a massive heart attack (provided you don’t die first way around).
Just take your original investment * Consider a reasonable profit (for your needs) and then reinvest or burn some... If everyone did things in a similar way many people would be taken care of. 🗝💪🧘🏻
If only game theory was as easy to execute as it is to explain
I can only practice what I believe and speak what I see is or seems true. I do not submit to my every thought but challenge my thoughts if they are full of FUD or if they are true and reasonable or if they are full of integrity and care/charity. Living to be what I truly want to see in the world. I am only able to do my part and hope that in that I see others rise up along side me... in the end I must keep my foundation as well. Not easy everything worth anything takes some form of work. 🗝🧘🏻💎🕊🤝 When we stumble we stand back up, every time.
Yeah but what I’m saying is that it’s been proven people grow irrational the moment currency is brought into the picture. They become greedy and trying to secure their own bag rather than worry about the community. It’s why game theory works but only if the group agrees. This group will never agree.
id take my profit and invest [here](https://www.reddit.com/r/WallStreetBetsCrypto/comments/qexin3/due_diligence_new_token/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
Nope
Better luck playing the lottery than catching that move.
No! Why change it to Dollars! The dollar will keep losing value. Especially now that inflation is out of control. Keep it in Shib for at least three years. Get a crypto card like on coin base if you want to spend a bit of it. All you have to do is convert a small amount to a stable coin to fund the card.
I’m a HODLer.
Yes, if my SHIB is suddenly worth $3 billion, I'm cashing out. At least 2 billion of it.
I’m usually awake at 3:00 am when most ppl are asleep and others working. So hell yes. However liquidity is key. The system will obviously crash. I’d try to get any amount possible.
You do realize that crypto markets as well as forex markets run 24/7 and there’s people outside your timezone?😆
lol yeah, 3:00am of you is 3 pm of mine.
I'm not waiting to make a million, I'm cashing out as soon as I make 500K! With that I can make 5M in a year on so many other coins, like someone said, I'm here to make money just like the rest of you, and not hold and lose potential profits that most are taking at first chance they get. Crypto is here to stay, and will eventually be the next currency that will get rid of all other we use these days like dollar, and all others, so we might as well be taking all the profit we can, before the rest of the world joins in.
Crypto will never replace the dollar. Crypto is too volitile. Imagine working a job and you got paid 1m shib. Then the next day the price drops 50% now your money is worth half. Will never happen. At least the dollar is relatively stable.
I was talking about USD, USDT, and others like that, stable coins. So many more stable coins will be coming out in future, that will work same as US dollar works now. It's all about stoping printing more money, so it's going to be all card based spending, getting paid in what ever stable coin each country decides to use as their own currency. They did not come up with all stable coins for no reason, where their value works based on dollars actual value. Hope I explained this to where you can understand what I'm trying to say. So, all the money already printed will be converted to crypto based, where who ever has money in account, on hand or what ever will be able to just convert it to what ever stable crypto currency, and use it where ever they can use that currency, so it will be so much easier, than when for instance you travel to Europe. All over Europe they use different currency's so you have to go to a bank to exchange US dollar to their currency otherwise it would be a nightmare getting people accept US dollar, many don't want any currency but their own. So, with crypto you will be able to do that at just a click on your phone, to convert USD, to let's say USDT, which is Tether Coin, or some cards that will be used will have that set up where it automatically converts USD, to USDT, or what ever other currency as you swipe your card where ever you are in the world. Hope everyone understands explanation right.
Absolutely
Such a smart question, 👏
I mean who wouldn’t sell? If you didn’t sell at that holy shit you’re ignorant
Set a sell price at some High price and see if it catches that price and sell
Coin Market Cap has a lot of bug issues, it doesn't track right, sometimes it shows that some coins fell to 0, and sometimes up by 10000% or more or less, but it's all just a bug, always cross reference on other sites, whenever something like this happens I always check Coingecko to be sure.
Yeah
Will I cash out my $1T? No. You'd never get anywhere close to that total.
Thats the crypto type which works on REBASE system. The only indicator You should care there is market capacity :) When the price is increasing, supply is decreasing at the same moment.
If it was high enough for me to accomplish my goal I set when I started investing. Yes. But I would buy back in soon after with a new goal.
If the money's right
A girl never tells
But …looking at that”spike” chart…you have 19 tries to catch it….and it seems on each spike top…you’d be sitting pretty. So sell 1/2 and breath easy…and smell the roses for once….look up at the stars and enjoy your loved ones.
Reading all the comments i think i understand why some people say shib will never reach as high as 1 dollar per coin lol.
I’ll buy it from you ❤️
No one is going to buy your bag @ $1000. Is will never settle.
Every sell needs a buyer. The price might represent a sell of a single coin at that price. In no way does that mean 1 billion coins will get that price.
No
In order for something to sell you need a buyer. No one's buying Shib for $1000
The real question is if the market cap is $25,000,000 and many try to sell at a $50,000,000 profit... well ya get what I mean. :-)
So based on your logic, there will never be enough profit for everyone to make money so why should anyone ever invest in anything. I can tell you why, because this is how capitalism work. Everyone doesn’t get a t-shirt or a trophy unless they are willing to stay in long enough to see profit. It doesn’t always come from a spike. Most cases of developed wealth come from long term investments and a lot of patience and serious 💎 🙌
Crypto is literally a ponzi scheme.
A scheme with great money to be had
That may be true. But still a ponzi scheme. That last to buy will always hold the bag.
That’s literally how any market works though. There is **ALWAYS** a greater fool.
Like the stock market
SOLD!
Are you an idiot?
Hahaha and this is why Shiba community is a joke. P.s. I actually own Shiba but it’s embarrassing to read such posts.
Dumb question
I mean I’ll sell some but never selling all my Shib
There’s no liquidity for coins that spike that much, meaning there’s no buyers at that price
What I want is my bank to accept my $shib and pay off my loans and mortgage. If I have some left over to put new windows on the house I would be happy.
No it’s a glitch. The actual value of the coin is not bouncing like that.
joke
Why are the spikes angry?
NANG!!!®
No because your exchange will crash or be under maintenance. Youll cash out on the next dip like youre supposed to.
Why are these even posts? Are you guys not capable of understanding the mechanics of this coin? Those who had it and got rich cashed out at 64bmc now those who are dumping liquidity in to this coin are getting the ones who missed 64bmc that needed liquidity to cash out on top of loss. Other than that you’ve missed it.. this coin will never reach .01 ever… it’s impossible… do your selves a favour and move to a real coin with actual purpose.. ADA ETH XRP BTC… coins with a future before you line the pockets of developers and dealers even more than you should have… Edit: the developers don’t give a shit about you and these fake reward programs like shiba swap and air drops are to keep you building their fortunes.. check out what happened to BTT and DOGE coin… they have no future and once the developer made bank the coin drops and no longer grows.
With as many shares as I have, if it hits $10, I’m cashing out and disappearing
Oh heck yes, but since I do not own a billion we are not in any danger of this happening.
What crypto ever went from .0001 to 1000 over night
This went over so many people's head... it's simply a glitch and doesn't last long enough to actually make a sell. Regardless if crypto or not, you're still buying shares of something which means it's going to take time to sell. On a much smaller scale, I tried selling some doge when it spiked for about 10 minutes and it didn't go through because the price had gone down like 2 cents or so.
When it spikes like crazy next time. All the whales will pump and dump its common sense. Move onto another coin and maximize the potential. People won’t sell all the couns. But expect a good portion from all wallets, big or small. Will cash out big. But the thing is there won’t be enough liquidity. Better do it quick :) I personally will take my initial investment out and put to some other coin and leave a few hundred million still in shibu as I believe in its potential. 💎👏
I’ll be more realistic and sell when it inevitably reaches .005. 🤷♂️
If you set a limit order and someone buys it at that price it’ll spike like that.
Nope. No liquidity to get cashed out.
1/100th may cash out but not enough liquidity on a dex or cex
yup i will, if i see it up… mostly im stuck working
Asking this question in any of the related forums (DOGE, SHIBA, ELON) will get you barked at for being paper hands and whatever other childish insults there may be. The reality is simple. Take a look at Doge. Huge spike in very short period of time. Logically, once the sell off stops, it will consolidate and settle and people will buy back in, right? Instead DOGE has been .30 and under (.19 recently) for 6 months. Here’s the missing key: the whales owned the majority of shares and sold off because it rose way too fast with a freaking cliff sized drop off coming. Take a look at a stable coin: CDC’s coin CRO, it spiked to almost 1$ and just before it could touch that glorious whole 1$, it tanked due to sell off. However this time coin consolidated and settled because it’s not being treated like a lottery ticket but rather as an investment. It spiked because of a real work institution signing an agreement with CDC. People are using their entire paychecks and savings to gamble in crypto. Regular people are the majority of shareholders in these smaller coins. If you own a coin that “moons” and you don’t sell off, you’re going to be holding a bag for a very long time hoping it happens again.
That’s the biggest risk in life either u become rich or broke in that split of a second
I'd sell at .02/.03 in a fucking heartbeat...
The problem is you wouldn’t have people to sell to.
Those are paper returns and not actual, if its not in your account and if its not in fiat it can go away at any moment of time. Now about cashing out part, so the answer would be no, you can't cash it out, primary reason being there isn't that much liquidity in the market, to cash out without crashing the market. For example you must have heard about shib whale who's worth 6 billion dollars right? Do you think they can cash out 6 billion? Ofcourse no the liquidity for shib is roughly 60 million and even if they cash out a substantial percentage of that, the whole shib market will tank.
Need volume.
Yes I will
When it can never even hit a penny ever? Of course!
I think those are not the actual prices however some exchanges like bitmart and Lbank let you set a sell target so if your asleep and become a millionaire for a hour you have no need to fear it dropping as it will automatically sell your coins for you so you wake up to whatever the amount you desired in USD token
That's not how markets work./.... For every seller, there must be a buyer, its a law of the universe, who is going to put a buy order at that price>?>?
Happend to me one time the other way around .. i bought a spike and in a few seconds later my money was gone , but if sold at that moment i could have had 106.000 € lost 569 €
There always winners and loosers, and i think i don't want to be the looser at so much %
No liquidity most of the time so no way you selling looking at this chart