Nov 1, 2021
I Went All-in on Shiba Inu
Swapping all my coins into SHIB
I started my journey with Shiba Inu by swapping a part of my portfolio from the altcoins I held into 1 million SHIB and then, I began to see the potential of this coin. There was a huge spike in price right before I did this and I felt sorry that I didn’t invest more. The difference would have been huge…
How am I doing with my investment?
In just one week my 200 dollars became 270. When I had other coins, I barely managed to get past 230 and then back under rapidly 200. With Shiba Inu, I believe that I can get to have at least 500 bucks by this Christmas. This is just my opinion, not the one of an expert.
Here is how I became part of Shibarmy and got my first 1 million SHIB:
The evolution of the investment after one month
The first time I got into SHIB was at the beginning of October when the price was somewhere around 0.000025, then I swapped my ADA, XLM, and VET to SHIB to get a total of 6 million SHIB towards the end of October, somewhere around the value of 0.000065.
The value started to drop so I have seen 1INCH, another coin having a fast growth. I switched to it for a while but it was not the right moment. It went down eventually, making me lose the equivalent of 2 million SHIB, remaining with 4. I switched back to Shiba Inu with the remaining 4 million and I decided to hold them for the long term and maybe add some more when the value of the coin decreases.
What can we expect for the future?
There is a lot of hype around the Shiba Inu cryptocurrency and this is for a few good reasons. One of them and the most important is that, besides being a meme coin like Doge, it has its platform called ShibaSwap, where you can get NFTs with a Shiba Inu theme, you can stake your SHIB coins and you can earn other tokens that belong to the same network, such as BONE. More things are about to come for ShibaSwap and this can only be good news for Shiba Inu.
There are also many rumors that spammers keep spreading on Shiba Inu Facebook groups. They say Shiba will explode once it gets listed on the Robinhood exchange, or that the price of the coin will hit 1 cent or even 1 dollar, both predictions being unrealistic, knowing the huge supply of SHIB coins that exist. A more realistic prediction would be eliminating one zero from the decimals this year, but no one really knows what the future will bring for Shiba Inu holders.
A good strategy
According to many people in these Facebook groups, the best strategy for this coin is to buy at a good price, hold and buy more when there is another dip. Holding for the long term without selling seems to be the key to success. I try to follow this strategy and maybe I will be lucky.
