The market has different types of investors. The volatility of the market is causing some to be on the fence. However, it’s also pushing investors into the game. Shiba Inu was initially dismissed as a joke currency because it had been inspired by Dogecoin.
The story changed when several investors who invested in this asset turned into millionaires.
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SHIB’s Investors regretful journey
Investors who bought Shiba Inu stock in 2021 were full of regrets. According to reports, he spent $2,000 on 25,874,894,883,239 SHIB Tokens. During purchase the meme coin’s price was $0.000000000077295
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Why did he Sell his SHIB Holdings?
SHIB, according to the investor was among the worst performing cryptocurrencies for 2020. It was this that prompted him to refuse taking any risks with his investment. The investor was even more terrified, and he withdrew all of his investments. He believed that his money could be lost forever.
Missed Opportunity
SHIB’s value dropped in two months from 100 dollars to just $2. In October 2021, the market changed. In October 2021, the 25 trillion tokens had been worth $1 million.
SHIB reached a new high of $0.0008616, after having dumped billions of tokens for ten consecutive months. It is possible that the $2000 could have risen to $1billion when it increased at 67,000,000%.
Investor’s reflection & Market Status
The investor elaborates on his misfortune. said,
“I just got a message from a couple of mates and they told me that Shiba Inu has gone up 67 million percent since January. Now in January (2021) I was browsing Reddit and came across a recommendation for buying meme currencies. One of them was SHIB. At that time I put $2,000 into it and I left it for a couple of weeks. It went down and I sold it for a loss. It turns out that would now be worth $1 billion if I hadn’t sold it. Now how to live with that?”
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Shiba Inu at the time of press was trading The price of the coin has risen by 1.54% in just 24 hours to $0.0000144.
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Source: watcher.guru