IN previous SHIBA ideas (links below) I mentioned that I DONT PERSONALLY recommend meme coins AS AN INVESTMENT! If you're going to trade them and "ride the wave" to the top and then sell THATS FINE but the important thing to know is that MOST TRADERS ARE PLANNING ON SELLING THE TOP so they usually DUMP PRETTY HARD.
Most of the time meme-coins have NO REAL WORLD USE CASES/APPLICATION so not many people are LONG TERM INVESTED (makes sense right?)
PERSONALLY, There are MANY other coins I would consider holding LONG TERM before SHIBA or DOGE. Based off my study, DOGE and SHIBA are coins the "market manipulators" use to draw new people into the crypto space and then they mark up the price before dumping ... Don't be a victim.
ANOTHER CONTRIBUTING PLAYER HERE IS ROBINHOOD.COM/ROBINHOOD APP Where I believe both SHIBA and DOGE are being sold BUT THEY DO NOT ALLOW YOU TO PLACE "TAKE PROFIT" ORDERS OR "STOP LOSS" ORDERS or even to WITHDRAW to another crypto wallet/exchange WHERE YOU CAN DO THAT!
ITS NOT FAIR and ITS NOT RIGHT and if you're sick of it, Check my Twitter where I'll leave my referral links for both KuCoin or Phemex and we will both receive bonuses and MORE IMPORTANTLY We will have FULL CONTROL of our crypto and OVERALL a much better experience I.M.O.
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***CLARIFICATION***
TO SHIBA's CREDIT, and AS THE COMMENTS HAVE POINTED OUT, SHIBA DOES NOW HAVE USE CASES AND REAL WORLD APPLICATION! This is why I ultimately have higher targets set for November. I do however still think a bigger pullback is coming to the 0.00006 - 0.000065 area on the charts as shown BEFORE higher targets become a possibility. That is 12% - 20% from current position.
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ALL COMMENTS AND FEEDBACK ARE APPRECIATED! Therefore I will be deleting this IDEA and posting another very soon which will be similar to this but without any of the "meme-coin" wording as It doesn't apply to SHIBA in ways it applies to others.
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I decided to NOT delete this IDEA because it's REAL. Social media is flooded with people misleading all the newcomers. It's 'the blind leading the blind'. I DID LEARN A LESSON THOUGH, actually two.
1 - Everyone hates the bearish analysis because it's not what they want to happen. Then, after it happens, the LIKES come in!
2 - To NEVER SECOND GUESS an IDEA I've made based off of LOGIC & EXPERIENCE, even though, for some reason, It upsets people, probably because it goes against their one sided opinions. Sorry, not sorry!
SHIB has excellent utility. If you're still calling it a "meme coin", you're not paying attention.
Mboersma0324
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@Hittman70, I know SHIBA is adapting... I was referring to most meme coins that's why I said "Most of the time meme-coins have NO REAL WORLD USE CASES/APPLICATION" I'll "update" the IDEA with that information. Thanks.
reecepinnock1
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@Hittman70, It doesnt matter whether it has utility or not, algos and market manipulators still control the market
spreck
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@Hittman70, If the project can refer to itself as a meme coin, i'm pretty sure its safe for anyone else to as well. It is literally a meme coin.
shisty89
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It does have real use. Example: NFT's, Shibarium Blockchain is in the works, Shiba game.
Mboersma0324
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@hectorhdz10, Thank you. I should've clarified. I did update the IDEA however I'm considering just deleting and remaking it better, more clearly understood.
SwallowPremium
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We see the same outcome for this coin great one!!!
drindrin
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Thank you a lot!!! I have the filling they attack each coin. It´s beacause they buy all dips (eg. in July). Look at the chart of eg.Vidt or Band in April 2021. Masaker! Shiba they bought in Summer for nothing.
Take profit&cut loses was my plan. Unfortunately, since yesterday I have had massive problems with my trading platform. Up until now everything was ok and suddenly it is no longer working properly. Until BTC bounce I stay on Shiba. Will try to take profit after profit. I think DOT will bounce together with BTC. DOT, XRP and ETH have a large cap. Until mid Nov DOT could be a good choice. XRP would be better, but this SEC... Thank you so much for the updates! I find you on twitter, thanks!