Quote from: Adreman23 on Today at 08:08:55 AM

Quote from: Solanawish85585 on November 26, 2021, 07:22:18 AM

I found a news that the Shiba Inu commuity is not happy with Elon Musk. $SHIB crashed after Musk revealed he didn’t own it and only had BTC, ETH and DOGE. Elon Musk has a Shiba Inu puppy at home. Elon Musk has joked about Shiba Inu, but Elon Musk doesn’t hodl Shiba Inu.

Replying to one of the many Shiba Inu accounts on Crypto Twitter, the famous Elon Musk confirmed that he didn’t own Shiba Inu, despite being a highly influential figure for that community.

I think this will have an effect with the Shiba price but not a big effect because Shiba is still at 0.000042$ at price even if Elon musk revealed he doesn't own Shiba what was your thoughts on this folks?

Elon is a super rich guy and also a big influencer in crypto world. I think there is a reaction on the price of shiba inu when he admitted in a tweet that he didn't hold any shiba inu but as you said that the effect wasn't too big so you don't have to worry if elon doesn't have shib. What you should worry about is the fact that most shib investors want to get rich quick. Maybe if you bought shib early when the price was super low then you are rich now but if you bought it recently maybe you will have to wait for very long time before you get rich with shiba inu. IMO

It seems very natural that the Shiba Inu community is disappointed with Elon Musk's statement, because Elon Musk's influence is quite large
and can make the price of Dogecoin pump. Now the Shiba Inu community realizes that Shiba Inu won't be as hype as Dogecoin. I believe this
news will have an effect on the price of Shiba Inu, there must be quite a lot of people who think Elon Musk is holding Shiba Inu, so they bought
Shiba Inu. Such investors will immediately sell their Shiba Inu knowing that Elon Musk does not own a Shiba Inu, but the effect will not be too big.
Even so, it is better if we still have the Shiba Inu immediately sell it and replace it with an investment in other coins. Because in my opinion
there are many other coins that are much better than Shiba Inu, but if there are people who do buy Shiba Inu at peak prices, there is no other
choice must wait until the price of Shiba Inu recovers, rather than selling it now and incurring a sizable loss.