Post
Topic
Board Speculation (Altcoins)
Re: Will you sell Shib now? Am holding
by
lixer
on 19/07/2023, 17:40:42 UTC
I'm not sure if you still have Shiba Inu coins in your hands as we'd never hear any updates but whether you still have them, I suggest not to hold them long-term if you want to earn a profit from crypto. Because as I observed, those projects that have been hyped before have drastically moved down and never risen again. And this is going to happen with Shiba Inu because they are just passing by. Projects that don't have a working product and huge community will never survive the competition.
Some people simply don't understand that meme coins are not to be held for long, if you have invested in a meme coin and it has touched a very high point once and started coming down, that is the exact time when you need to sell your tokens back because even if you are losing a few dollars, it's better than having all your money stuck in the token because these tokens can't gain any organic growth and they will stay down forever after that.

So people need to understand that Shiba or any other meme coin, they are not like Bitcoin or Ethereum that they will gain their value back or will go higher than their previous all-time highs even if there is a bull run because they don't have any utility or organic growth mechanism and they will only go up if there are heavy investments.