BRUTAL TRUTH OF SHIBA INU ??

so let's have an honest conversation
about shiba inu
woof woof so it's hard to ignore any
type of investment that has made a
return of over 42 000
in the last one year if we put that into
perspective if you put a hundred dollars
into this investment about a year ago
well let's just say you'd be a very rich
person right now now as a proclaimed
crypto youtuber i've learned to take and
recognize some of the ls that i faced
within the game i can't get everything
right and one of those things was
definitely my opinions on shiba inu for
the past few months i have definitely
been what you would call a hater against
this asset class because for me
personally i'm still a very strong
believer in investing into fundamentally
strong cryptocurrencies with real
backing and utility now if we do a quick
reflection of what this past year has
looked like i mean including the
pandemic it has just been an absolute
roller coaster but even within
traditional investment markets we have
never expected to see the reign of wall
street bets going absolute mainstream i
personally never would have expected to
see other stocks like amc gme or other
targeted wall street bets have some of
the surge and prices we experience or
even seeing the reign of dogecoin if you
guys remember during the summer before
the snl live show and just how much
attention that was getting there was
even a day where when i was not
recording a video i went out to my local
target and i heard the employee talking
to another employee about dogecoin and
how much money that they could make and
i just realized how mainstream a lot of
investments how mainstream crypto how
mainstream even individual meme tokens
really went now when it comes to shiba
inu there is a few reasons why i
personally believe that this crypto is
exploding and towards the end of the
video i'm going to be sharing with you
exactly what i think is going to happen
next if there still is a future with
sheba and whether or not it's actually
too late to invest into this crypto here
i really never thought i'd be making a
video on this uh and i probably won't be
doing it too often so if you guys do
appreciate at least my thoughts because
y'all been bombarding me with emails and
dms asking me what i now think about
sheba i'm gonna be spilling all of the
beans in this video so go ahead do me a
favor drop a like down below thank you
all for tuning by another video watch
out for scammers they're in the youtube
comment section they're on instagram
there's scammers everywhere just watch
out for them so first of all the global
crypto mark cap is sitting at a whopping
2.61 trillion dollars or a 3.25 increase
over the last day a lot of volatility
and movement has been happening in the
market a lot of people are expecting for
bitcoin to retrace and fall down to at
least the near 53 000 levels quickly the
sentiment on that change you'll notice
right here that a popular crypto account
said there was an alert for a
possibility of a short position opening
up at 60 000 there were a lot of hate
going on in here and you'll notice that
quickly short after that
literally
figuratively
yeah
they decided to go long about eight
hours after that and you can just
imagine some of the comments pretty much
ripping this type of account now you got
to realize the climate of the current
crypto market that we're living in
things are bound to change and it's
really hard to determine exactly what
may happen next in the situation that
we're at what we can learn from this
example of a tweet is that there's gonna
be a lot of classic confusion going on
in the market with many people
indicating that they know exactly what
move is gonna happen next but they
really can't get it right so far in the
market we're actually seeing a good
amount of green all around the board
solana up 34 ethereum up 11 sitting at
above 4 100 closing past its all-time
high weekly candle uh and then on top of
that we're actually seeing a lot of
additional all coins that we began to
mention on our channel tara luna's still
up 18 chain links still up 26
and what we've been talking about more
of on this channel is really the flood
of money going into a lot of these
alternative assets in the crypto market
which are called all coins so if you
guys remember what i said money will
naturally flow first into bitcoin and
then we can get an indication of how
much money bitcoin is dominating the
entire global crypto market cap by by
looking at the bitcoin dominance which
is currently still decreasing giving us
an indication that all coins are going
to see that flood so i personally
believe we are still not in the prime of
the altcoin season yet when we are we
may see a lot of new all-time highs
getting broken at the moment a lot of
that money that did go into bitcoin may
start to go into other all coins as we
continue to progress throughout this
fourth quarter and in the last seven
days the big winners are going to be a
thor chain rune secret again nexo curve
and some of my personal favorite cryptos
that i've been rooting for harmony one
of 54 percent solana like we said up 34
in the week the graph up 33 in the week
chain link lran avalanche and a few more
so the crypto fear and greed index is
still showing us more in the green right
now of the greedier side of the market
but it definitely is much less than what
we saw just last week with pushing
extreme greed of numbers of 78 on the
historical value it's still just crazy
to me how fast things changed because
last month we were in a completely
fearful market before we start to have
this rampage we were seeing that
pullback in the market and really a cool
down period before things start to
really pick back up just in the
beginning of october now that being said
a lot of major news headlines have also
been coming out too but i really want to
narrow down just on shiba inu in this
episode to give you guys my opinion on
what may happen next so first of all
shiba inu just yesterday actually went
ahead and made a tweet and they said hey
elon musk how much sheep are you holding
well they said you are holding a little
typo there a hundred diamond hands and
uh elon musk went ahead and tweeted back
out and said none uh shortly after that
we did begin to see a price in shiba inu
going down but it looks like since then
we did see a little bit of a recovery
and we go to the last seven days yeah
there was a bit of a pullback but it is
a pretty good right now and it looks
like a lot of that was swept up fairly
quickly now before we talk about whether
or not i believe shiba inu is still a
viable investment i want to talk more
about the fundamental reasons why a
crypto like this is still hyped up and
why it's still moving north so for any
asset to even be up 460
in the last month you know that people
are going to make money and really what
i've been noticing at least within my
friend group or anytime i go out to eat
people are talking about she but you
know people are still doing what we
experienced last year with dogecoin
hearing about an asset hearing about
their friends making money in the market
and then also thinking hey why don't i
make some money too it's only point zero
zero zero zero four cents right now it's
such a cheap crypto and i could probably
own thousands of shiba inu without
having to pay the amount of money that
other cryptocurrencies are worth for
example bitcoin what above 60 000 for
anyone who doesn't really understand
supply market cap how much of a token is
actually floating around for people to
buy they're not really going to
understand the fair market value of what
some of these tokens really are so we're
talking about the price we see that is
going to introduce to a lot of new
beginners and get them to think wow this
is a cheaper token when essentially
that's not the case but people are going
to look at the price of this think it's
cheaper think they're getting a better
deal and think there's still additional
upside and most importantly when we
compare shiba inu to something like we
experienced in the previous summer of
dogecoin hitting a dollar people love
psychological round numbers and just the
fact that shiba inu still has about four
zeros at the current moment a lot of
people want to speculate a one cent
shiba inu is very possible because maybe
dogecoin was very close to hitting one
dollars just a few months back so
circling it all back together the reason
why i personally believe shiba inu is on
the up is because one they do have a
strong community i can't ignore the
amount of shiba inu content creators
that i'm seeing now whether it's on
tiktok youtube or even any other
verticals on the social media space it
looks like for many new investors it's
easy for them to rally behind a
cult-like group where it's easy for them
to feel accepted and to just be a part
of another community shiba inu really
allows that because as soon as you're
able to buy even just one piece of that
investment it's gonna give the feeling
that you really are part of a collective
system aside from the psychological
reasons behind shiba inu we really have
to be cognizant about a lot of the hype
that really drives and fuels and has
some really strong potential to make
other assets go insane one of my biggest
learning lessons from this past year is
that you cannot underestimate the power
of the people when many new investors
hear about this asset and hear about
other people making money and see some
of the potential that we've experienced
in this past year and the future
potential of what's to come there really
isn't a reason for them not to invest
especially with the accessibility of
being able to invest in toshiba through
major platforms that are popular in the
us just like coinbase if we take a look
at what's happened within the last one
year you'll notice that shiba inu had
its spectacular ride up but it's been
rather flat until just the recent bull
market started its resumption now what
you'll also notice that this really
started to take place on the first of
october as well and shiba inu was
available on coinbase september 16th
just a few weeks prior to that going
back to my point because coinbase
allowed shiba inu to be bought on their
platform i do believe the constant
reminders and being able to get new
investors on board really allowed them
to gateway and funnel themselves into
this investment right here just a
reminder if we even go into shiba inu's
woof paper you'll notice that a lot of
this still wasn't developed as a serious
project but you know a lot of crazy
things happened this past year you just
never know what's gonna happen in the
market and i never thought i would be
saying this but maybe we do have to take
meme tokens a bit more seriously in this
day of age according to coinbase the
trading activity is still indicating
that a lot of people 82
in fact are actually still buying this
cryptocurrency and we're still seeing
the popularity of this completely
growing coinbase also indicates that
medium time that their customers are
holding shiba is about 16 days so it's a
rather short amount of time many people
may just be getting into it if they make
a little bit of profit they're leaving
but from at least what i'm seeing around
the interwebs i do believe that people
are holding on to this investment and
waiting for a long term hold just in
case they do see another pump in the
market in my opinion as crazy as it is
shiba inu could be considered a long
term hold only because it is one of
those perfect tokens where a celebrity
could come in and push the crap out of
it now at the same time you do have to
be realistic about the current market
cap and how shiba inu could probably
never hit a penny so when people are
saying shiba inu to a dollar you got to
realize that literally it cannot happen
because of the size of the market that
we live in now so to make this easier to
understand you got to realize gold as an
example has the largest market cap of 11
trillion dollars one of the worst
performing assets within this past year
we then have apple at 2.45 trillion
dollars microsoft 2.3
trillion dollars scrolling down bitcoin
is finally here at 1.18 trillion dollars
now you know you have a lot of companies
listed on here ethereum's in the number
17 below jpmorgan chase at
billion dollars shiba inu in terms of
the crypto rankings is still number 12.
but what's really interesting about this
is that dogecoin is still ahead of it
even though it's been rather stagnant in
price now if you guys remember shiba
inu's intent or purpose of being created
they wanted to destroy doge be the doge
killer and i do actually see the
possibility of that happening in this
current bull market if we continue to
make momentum strides bitcoin goes to 75
to even 100 000 plus dollars by the end
of this year i certainly think because
sheba has a lot of that momentum behind
it and dogecoin really hasn't gotten too
much hype at all and it it really just
has been relatively flat in the market
we could see the possibility of that
happening and seeing another winning
buying opportunity as well within that
asset so when it comes to that question
of can shiba inu ever reach one penny
can they ever reach a dollar or fifty
dollars the simple answer is flat out no
now this article here does a better job
than i could ever explain it and i
wanted to read it off here where they
state the coins maximum token supply
currently sitting at one quadrillion
tokens implies that shiba inu would need
to amass a one quadrillion dollar market
cap if the tokens were to reach a dollar
this is more than the 20x the national
gdp for the us in 2020 and 500x the
current market capitalization of the
entire crypto industry at the current
price shiba inu would need to grow its
value by 10 million per set to reach one
dollar this translates to consistent
growth of more than 714 000
for the next 14 months if it hopes to
reach parity with the dollar of the end
of 2022 or 200 000 per month for the
next four years if it expects to reach a
dollar by december 2025. so for any new
investors who have gotten sucked into
investing in toshiba because they are
appealed by the cheaper price think
about it like this in relative to the
stock market when you see the price of
certain companies say as an example
apple you'll notice that their shares
are a lot cheaper than compared to maybe
amazon or even where tesla is sitting at
right now now apple says it's at 148
its market cap is about 2.47 trillion
dollars and if we look at
amazon it's three thousand dollars with
the market cap less than that of 1.73
trillion dollars so when you take a look
at some of even stocks as an example the
reason why the prices of these are not
relative or you're not seeing the fair
actual prices because they have
incorporated things like stock splits
before in the past now similar to the
crypto market the reason why companies
will go out and carry a stock split is
because the reason is psychological as
the price of a stock gets higher and
higher some investors may feel the price
is too high for them to buy while small
investors may feel it is more
unaffordable splitting the stock brings
a share price down to a more attractive
level while the actual value of the
stock doesn't change one bit the lower
stock price may affect the way the stock
is perceived enticing new investors
splitting the stock also gives existing
shareholders a feeling that they
suddenly have more shares than they did
before and of course if the prices rise
they have more stock to trade so to wrap
this video up is it too late to buy
shiba inu if you're holding this long
and you're hoping for another hyped a
pumped up movement in the market i do
believe right now we could be seeing a
good buying opportunity now with that
being said it is so important to be
doing proper research and understanding
the coins fundamentals looking into the
tokenomics understanding the circulating
supply or the perspective how much that
coin is really worth do your due
diligence before making a trade and do
not invest based on hype we have seen
this happen time and time again in the
market where people start hearing about
it people started putting their money
and at some point when one whale decides
hey this is about the top of the market
let me pull out and there's a decrease
in price then many people start to panic
sell their investments then and even as
an example with dogecoin i do believe
it's been more stagnant just because
people are holding it long saying hey
i'm just holding him because i don't
want to miss out on anything in the
future and i'ma just let it sit there
it's not going too down to up it's just
it's just chilling so they're waiting
for a new wave of people to come in and
fortunately enough we're actually seeing
that happening in shebo where many
people were able to capitalize on that
but you know i think as an influencer or
a crypto guy i got to know when i'm
wrong and with shiba inu i did not ever
think that this crypto would pop off i
did not think i would be making a
dedicated video on a token like this but
i also got to acknowledge some of the ls
that i've made and some of the missed
opportunities as well now even with that
being said i still personally prefer
investing into those fundamentally sound
cryptocurrencies and if you guys want to
learn more about what those are take a
look at some of my older videos that i
made statistically most of them are
actually a significant amount on their
investment and i'm going to be doing a
full research video on some of the top
picks that i mentioned and how much they
are up since i mentioned that video on
youtube and some of them actually have
about a million views so that's i think
why this channel still performs the way
it does it's because we have genuinely
helped a lot of people make money within
the past four or five months and
although you can still have a higher
chance of making more money with shiva i
prefer the safer route i prefer with
choosing coins that you know are going
to stick around that still can survive
even if we decide to see uh bitcoin
plummet in the opposite direction so
hopefully you guys are able to find a
lot of value in today's episode i really
appreciate you guys watching um i know
i've been as consistent on this channel
as i'd like to be that's just because
i've been so busy trying to hire a new
research assistant and we've been
getting a ton of application and i'm
super excited to see what's gonna happen
next for this channel if you guys did
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so much again for watching today's
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already with that being said hope i'll
see y'all in the next one peace out