Market Watch: SHIBA FIGHT!

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Today we witnessed a fabulous upset.

As Shiba Inu flips the big bad Dogecoin on the market cap.

  • Everything else crashed,
  • Shib up 70%,
  • get wrecked, fundamentals.

It should be obvious by now, even to those who haven't been paying attention, that Shiba Inu is largely controlled by deep pockets and centralized stakeholders. That's literally the only way for a nothing asset to make it into the top ten like that.

It's amazing that Shiba Inu doesn't even have its own blockchain; just a token on Ethereum. Pretty wild. Then again, this makes it privy to things like Defi and collateralized debt, making it have more utility than DOGE... ironically.

Is it demoralizing?

For me personally? No.
But to most people: a resounding yes.

How come everyone else is getting rich?!

Why are the degens the ones making all the money?

Blah blah blah blah blah
greed greed greed greed greed

Eye on the prize

The reason why Degens make the most money is because they take the most risk. Nobody looks at the thousand other projects that crashed to zero and bankrupted even more people. Everyone's focus has always, and will always, be on the winners, and they will largely ignore the risk it took to get there; instead caving in to jealously and crying about how their bags aren't mooning. Get a grip, fam.

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I put in $2000 and left it for a couple of weeks...
sold at a $300 loss.

But if I had traded the market perfectly I'd own the world right now!

LOL, c'mon. This is simply not how it works. In what fantasy land did you not sell at $10k, $100k, $1M, $10M, and $100M? In what fantasy land did you hold all the way to $1B and then liquidate all of it without crashing the market? This is not how trading works. This is not how liquidity works. People need to wake up to reality.

First of all, the market cap of Shib is only $39B right now. Why did he buy 2.5% of the total supply, and then dump 100% of the tokens 2 weeks later? Right there you know something is wrong. You put too much in and took too much out, friend. Learn to DCA.

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What this space really needs is patience and steady hands.

But even more than patience, what this space really needs is abundance mindset. If you lived in abundance you would not care if some "shittoken" is mooning. You would not be jealous because you are already overflowing value. You'd be pleased that other people are overflowing value as well.

You don't have to be rich to have abundance mindset. In fact, ALL BILLIONAIRES ironically live in scarcity. They never have enough; they always need more more moar! That is the only way to become a billionaire within the legacy system. We must cut our ties with greed and embrace the communities in which we engage and support. Reputation is everything.

This whole zero-sum-game thinking is one rooted in scarcity, competition, imperialism, and toxicity... which is the exactly opposite of what we are going for. If you're upset that Shiba Inu pumped today: you're doing it wrong; I guarantee it.

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Going on tilt isn't going to win you any favors. How many people will ape in today only to get wrecked tomorrow, cash out, and then miss out on even more gains? LOL, happens every time it seems. These markets really know how to get inside our heads, don't they? Gambler's beware! Ya gonna get wrecked. The bots and the professionals are going to continue to swindle you and make you doubt yourself at every turn.

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You are the Chum.

They are the sharks.

As far as I can tell the alt-market looks pretty bottomed out at the moment. BNB at $450. ETH at $4k. Hive at 75 cents. Link at $30. Golem at 50 cents. CUB at 40 cents... etc etc... I see a lot of nice round unit-bias supports in play. It's a good chance we hold here.

At the same time BTC could easily crash to $55k from here, so that would obviously send the alts tumbling even farther. I guess we'll see. I'm not going to make any trades regardless. Making trades at this point in time is a fool's errand. Mega-bubble strong. Refactor in December.

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Dat ThorChain Doe...

Rune hasn't flinched in the face of this dip, and I take that as a very bullish sign. I still don't control any of these tokens, but I'm getting ready to capitulate. I still think a mega-bubble will send this token skyrocketing over $1000 a coin. I have to buy now so I don't get forced to buy at that price when CUB/LEO/Hive link up to the world's only decentralized liquidity solution. There is no competition out there. It's quite the unicorn, and I've already passed on buying at 60 cents and $3. Capitulation coming soon™. We all know what @khaleelkazi has to say about the situation. Buy buy buy; current price doesn't matter.

Conclusion

No Dip November on the horizon.
Price today doesn't matter unless you are buying/selling today.
Onward and Upward.
Rune

Posted Using LeoFinance Beta



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38 comments
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This whole SHIB thing is hilarious. Kudos to those that are making money, I refuse to touch it. I think it's shit with DeFi slapped on it. Doesn't make it gold unfortunately. I'm focused on Hive and NFTs


Posted via proofofbrain.io

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I am not touching it too... but free stuff... I can't complain.

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Yep Yep, my hats off to those lucky people who picked the one doggie coin race winner, there are plenty of losers stuck on ethereum, unable to exit due to high gas fees.

Posted Using LeoFinance Beta

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Show me the money

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For me hive is the play. I see other attractive items out there such as Rune but alas, I can't own everything I want to own.
Better to concentrate what capital I have in the highest performing lowest cost platform I can find. Hive.

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Mega-Bubble of the Me-Bubble-Bubble-Year.

But I have to say, I love what happened to Shib. Take a good look at that wall street, shib might be your crypto spirit animal.

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RUNE gains will make Shib gains look like steem gains... laughable.

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(Edited)

What a surprise you gave me LOL... just saying! Got love those things that do give you free stuff that you don't care... until you care!

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In what fantasy land did you hold all the way to $1B

only in the land where i lost my keys :D

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Ha Ha Ha...good one.

Posted Using LeoFinance Beta

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there is no way i would kept shiba if i got 100k profit or something like that.

i would 100% keep big chunk of my hive if it ever goes to 100$ because i like the use case of it.

emotions in trading are bad :D

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I know, right, take out your capitol, take out profit, leave Moonbag, but can’t see anyone sitting on 10k, 100k or 1 million, to wait for the unlikely event your bag was worth a billion. It’s odd to think of it ever happening, unless you forgot you had it or lost your keys! LOL

Posted Using LeoFinance Beta

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Watch out, cryptos! Shiba is playing hard, haha!

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Haha, Shiba will get a lot of people in debt. I only pity the poor guy selling every other bag to buy it, sad...

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I've got $6 worth of it and now I am waiting to be rich!🙃

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I'm actually kind of shocked everyone is having such a strong reaction, sometimes alts, even MEME ones have a great pump and dump, remember we have a bunch of new people here (by here I mean in the space) ...

It was quite a day, and I really enjoyed watching everyone react.

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True,,,all dogs have their day, hour, minute, second... LOL

I am happy for the people who picked a winner, their doggie coin lottery ticket won.

I feel for the losers, who bough and lost on other Doggies Coins because this gives them hope that the next doggie coin will be the Big One... but hopefully they have a long conversation with their wallets or bank accounts and emerge wiser.

Posted Using LeoFinance Beta

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But even more than patience, what this space really needs is abundance mindset. If you lived in abundance you would not care if some "shittoken" is mooning

Deep down I know this... But it's sooo difficult...lol

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Honestly, many of us are envious...yep being human is tough...

Even when your mind tells you NO the part of your brain in charge of manufacturing HOPE keeps saying maybe...

Posted Using LeoFinance Beta

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Love it lol heavy on shib as saw this coming, as I did doge but didn’t stock up and not making that mistake twice lol. My only regret is not having enough to buy even more lol

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Never underestimate social media and crypto Newbies wanting to get rich quick

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We will adjust to the market movement ... Happy trading!

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Shib proves that the crypto market doesn't fucking care about you and does what it wants.

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Honestly, I learn more with your posts about the market than reading news and market summaries in reputable portals, you do speak the truth LOL.

Posted Using LeoFinance Beta

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The doge killer is just doge2.0, there's only hype about it and damn, it is working as well or even better than with doge. I was reading about that 8k wallet yesterday on /cryptocurrency and damn, it seems like the dude lost the keys because the wallet is still active but there hasn't been any outgoing transactions (there's been ingoing tx so maybe the guy had ultra adamantium hands but who knows).

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Wow!
I am really feeling this post today.
I haven’t been following Shiba, but I did notice a sudden surge in YouTubers promoting it, but I couldn’t figure out what utility it had, but now I see, it’s a dream coin, you dream you buy one billion coins for 100$ and it 100,000x and makes you a millionaire!

So now I can compartmentalizations these coins properly in my brain. They are just as you said Longshots. If you have a $100 you don’t need you buy 10$ worth of ten of them, and sit back and wait. It’s like the Lottery, somebody has to win, right?

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(Edited)

Except this is what people did in 2018 during the ICO craze and they all lost.
This strategy only works BEFORE the mega-bubble happens :D
Luckily I'd say we are still in that phase.

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(Edited)

LOL!
Very True!
This is what people forget about lottery tickets, somebody gets lucky and wins, but hundreds and sometimes thousands of people lose!

Posted Using LeoFinance Beta

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