Take a look at this graph. This is how a recently hyped cryptocurrency was growing. At first
glance, nothing seems super unordinary. It’s normal for assets to jump, fall and grow like
Tesla stock or bitcoin or whatever other assets it could be. However, when you look at the
numbers, Shiba is an entirely different story that nothing like it exists in the market.
While there are many examples of great investments, nothing comes close to people who invested
in Shiba just around a year ago. Even Warren Buffett wouldn't come close! Even though he
is sitting on a pile of wealth worth over 100 billion dollars, or to be more precise,
104 billion dollars. A year ago, no one knew about this coin. You
can see that in the way it was growing, just a slim line that’s barely moving. However,
a secret investor threw 8K dollars into this coin, not a big sum but a lot for an unknown
coin. No one knows whether he is one of the developers, someone who is involved in the
project, or a random person who accidentally came across this coin. Regardless of who he
is, his 8K dollars grew to 5.7 billion dollars when Shiba hit its record high price.
I don't know about you but turning 8K into almost 6 billion dollars in under a year is
mind-blowing. Doesn't matter how you do it. You have to be super lucky. Probably that’s
what attracted so many people to invest in Shiba, who doesn't want some quick cash, or
let me be a bit more precise, who doesn't want a few billion dollars?
Even if you make a few million dollars, that’s enough. You have won the lottery. All that
is left for you to do is throw it into a stable asset and enjoy the rest of your life.
The first real spike was back in May, it wasn’t that big, but it certainly attracted some
attention. However, what happened in the past month broke the internet. The price increased
by almost 900 percent, and in the last 12 months, the price rose by 90.3 million percent?
What? Yes, you heard that right! 90.3 million percent!
Is that even possible? Apparently, yes, but only in the world of crypto!
That’s how you turn 8K dollars into 6 billion. I think most of the developers have earned
more money than they would spend in their entire lives.
What I don't understand about crypto is why on earth every hyped crypto is named after
a dog. Remember Dogecoin?
It’s a great coin, of course, but the market is filled with similar coins in the market
and it’s not fundamentally different, but just because it's named after a dog, everyone
jumped in, including the world's richest man, and hyped the price to the moon. Whoever rode
this wave is lucky. I mean, good for them. They have turned pennies into fortunes.
However, its not always the case! Crypto is still at that stage where it’s
trying to form itself so the industry is filled with scam coins. Let’s take a recent example
of the Squid Game coin. When I came across this coin, I wasn't surprised because apparently,
even Shiba coin that broke the internet was also created as a joke. At this point, nothing
can be surprising. We can expect literally anything. If tomorrow Shiba is going to be
worth more than Apple, I wouldn't even care because Cryto is getting out of hands. And
we thought back in 2017 that crypto was getting out of control.
Only if we knew what was coming. Whoever came up with the idea to name the
coin Squid Game is genius! Because the show is trending all over the internet. The coin
was launched in October and was trading for 0.06 dollars until the beginning of November
when the price first jumped to 13 dollars, then to 36 dollar and finally was the biggest
spike to $2,861 before it plummeted to zero. Yes, it was a scam.
The anonymous hucksters behind a Squid Game cryptocurrency have officially pulled the rug on the project,
making off with an estimated $3.38 million. Some people lost their entire lives savings.
And this is not a unique came. If you look at the industry, scam coins are everywhere,
and that’s exactly what you should expect in a new industry where most people don't
understand how it works, like people didn't understand how internet works in the 2000s.
Never invest any money in any coin that you are not ready to lose. Any investment in crypto
should be the money that if you would lose, won’t affect your life.
But Shiba is an entirely different case because at the time of this script, it has a market
cap of 36.5 billion dollars. It’s bigger than many of the companies that are trading
in the stock market such as Pinterest or Robinhood. In fact, Shiba Inu and Dogecoin are together
now worth more than 388 of the companies on the S&P 500.
Can you comprehend that? Even the biggest wall street investors don't make that much
money. Shiba was created for the sole purpose of
making fun of Dogecoin, but now it’s valuation has exceeded Dogecoin. But the question is,
what makes Shiba so different. Shiba is based on the Ethereum network. Remember
when we talked about ethereum, it’s not just a cryptocurrency but a platform upon
which you can build other currencies or any other crypto project. Even Mark Cuban said
that: ethereum has the most upside’ as a crypto investment.
But let’s get back to Shiba, how many Shiba coins are there. If you check their website,
Shiba started with 1 quadrillion tokens. Do you even know how many zeroes a quadrillion
has? This many! You don’t have to count them,
I am just gonna tell you, 15! 1 quadrillion is 1000 trillion. That’s why
if check the Shiba price, it started with $0.0000000001 per coin. What if you had purchased
1 dollar with of Shiba coins in January of this year, you would have become a Shiba millionaire
because you single dollar could have got you 12.5 million Shiba coins and a thousand dollars
of Shiba coins back then would have turned you into a billionaire with a net worth of
12.5 billion shiba coins. You have missed your chance to become a Billionaire and overtake
even Elon musk. But Shiba has grown dramatically since then
to $0.00006610 per token, so 1 dollar worth of Shiba will no longer make you a millionaire
but it's still less than a 100 dollar. So, how do you become a Shiba millionaire?
Use whatever platform you use to buy crypto. We have made an entire video about how to
buy crypto safely. I will leave the link in the description. All you have to do is buy
100 dollars with of shiba and you can update your Instagram bio to - Shiba millionaire
- doesn’t that sounds cool? But before you do that, you have to understand
a few things. There are a lot of Shiba price predictions.
If Shiba is going to reach 1 dollar, which seems like peanuts, even a small investment
in Shiba today will easily turn into millions of dollars if not billions. But even if the
price hits 0.1 dollars, it’s still going to be a great investment, but what people
don’t understand is that the price tag means nothing literally.
What we have to take a look at instead is the market cap. If Shiba crosses 0.01 dollars,
not even 0.1 dollars but 0.01 dollars, it’s market capitalization would be more than 4
times what Bitcoin’s is today. It’s going to be worth far more than ethereum, the network
upon which it’s based on. The question is - how realistic is that?
The people who claim that Shiba could hit 1 dollar are either just creating hype around
it or don’t understand anything because at that price, its market cap would be bigger
than Bitcoin’s by 100 times. But to be honest, at this point, nothing surprises
me. What I don’t like about riding a hype is
that - it’s pure gambling. You control nothing. If you don’t get out on time, you will lose
everything. Few people make fortunes while the vast majority lose their barely saved
few thousands of dollars. If you want to get into crypto, Go ahead and
do it, we are still in the early days of crypto. But if you want to get into the stock market.
Then I have good news for you. To answer all of your questions about the
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