Shiba was never really a serious coin that should be going high anyway. I hope that it goes down a lot and stops taking money from crypto investors. You have to realize that when there is money going towards these type of shitcoins, that money is taken out of crypto market for some time, and all those people who lost money will have a hesitation to get back in. Not all of them really, but most of them and that means we are missing some amount of money that could have been used otherwise.
This is the simple reason and based on that I believe that all those shitcoins that ended up not being high at all, should be gone and crash and just be zero hopefully, just so we could focus on the real good ones.
While you are right the truth is that if those people did not lost their money with Shiba then they would have lost it to another altcoin, after all those people were not really interested in investing in bitcoin at all or in other established altcoins, they want to take the risk and the potential profits this could bring, now it is obvious they are doing this without understanding all the risks they are taking, but that is their choice, so the fact they picked Shiba does not really change anything at all, since those people would have lost their money in the markets and develop misgivings about the market anyway.
As long as we don't invest in the right way, we will choose the wrong coins and end up experiencing losses. Because coins like Shiba Inu will appear
more and more and if we are not careful, then we will choose the wrong coins for investment. So actually the most important thing is that we must
first learn about the crypto world and improve our analytical skills. This is important for all of us, because with good knowledge and analytical skills,
it will allow us to choose coins that are suitable for investment. So don't invest because we are influenced by other people's opinions. Moreover,
it is very dangerous if we fall into the trap of influencers who direct us to invest in the coins they promote. So I'm very happy if see the price of
Shiba Inu keep dropping, that at least prevents many people from buying Shiba Inu, because I don't think pump and dump coins like Shiba Inu are
worth buying. Because there are many other coins that are worth buying and have a bright future. Instead of investing in Shiba Inu, why not invest
in the top 10 altcoins which are obviously much safer and have lower risk.
What you say is very true, therefore we should not easily fall in love with a new coin, even though the price is good, we do not know what the potential of the coin will be in the future.
It is better if we invest in altcoins that are certain and the risks are not too complicated.