Shibarmy Strikes Again

originally posted by: combatmaster
a reply to: Trueman

150 million people believed that Biden was the best candidate in the history of the US.... the masses are stupid, sorry to break it to you! Experience is saying im 100% right, and i know this since I been invested in crypto since 2011.

How many of those 750,000 Shib holders know more than me? could probably count them on one hand!

Let my chart speak for me :



Sorry man, you still wrong.

a reply to: Trueman

24% is pretty nice....

I have more to say, but good luck bro! Hope you kill it!

originally posted by: combatmaster
a reply to: Trueman

24% is pretty nice....

I have more to say, but good luck bro! Hope you kill it!

Wow ! Maybe one day..... Thanks brother !

a reply to: Trueman

Ya know, I saw your previous thread and thought “I should buy a couple hundred of that for sh!ts and giggles.”

Well, I forgot. Thanks for the reminder and recommendation. I just popped a couple hundey on it.

I now own $5.85 MILLION!

Go Shiba GO!

originally posted by: KKLOCO
a reply to: Trueman

Ya know, I saw your previous thread and thought “I should buy a couple hundred of that for sh!ts and giggles.”

Well, I forgot. Thanks for the reminder and recommendation. I just popped a couple hundey on it.

I now own $5.85 MILLION!

Go Shiba GO!

WOOF WOOF TO THE MOON !!!!

To me it seems like all crypto currencies are just another "hopium" platform; a lottery scheme for the tech nerd crowd. The big players make it all seem legit and create a few millionaires here and there to add legitimacy. Pump and dump and they still come out ahead because they are in the loop. Every noose has a loop somewhere, the DC beltway for example.

High short term volume can certainly bring up the spot price... But market mechanics will dictate long term price action.

It's an inflationary coin, and current supply being-


There's a ceiling a no floor.

Sure,you can make money, but the rug pull will happen.

a reply to: Asktheanimals

Pump and dump doesn't apply to Shiba Inu anymore. See the charts, no big dips. Shiba Inu is not a meme coin anymore. We have a community of 750,000 holders.

How do taxes work on this? If value goes up and down, are taxes incurred on the ups? Hypothetically, could an investment of a couple hundred without selling, and therefore not actually getting paid, incur big taxes?

originally posted by: CriticalStinker
High short term volume can certainly bring up the spot price... But market mechanics will dictate long term price action.

It's an inflationary coin, and current supply being-

There's a ceiling a no floor.

Sure,you can make money, but the rug pull will happen.

The high circulating supply is was part of the plan since the beginning. It's a trick well played and also made really affordable for working class investors with little buying power.

You'll see it.

originally posted by: japhrimu
How do taxes work on this? If value goes up and down, are taxes incurred on the ups? Hypothetically, could an investment of a couple hundred without selling, and therefore not actually getting paid, incur big taxes?

I think earnings are taxable if you cash it. Need more research, maybe depends where you are.

Make sure you take your profits and put them on a proper coin.

originally posted by: Xabi87
Make sure you take your profits and put them on a proper coin.

Too soon for that. I think I'll buy land when the moment comes.

a reply to: Trueman

I hold Shiba for fun, anything is possible in crypto. It will go up and if people can hodl it may keep up on correction, but how many people will double and run?? If more is burned and use case increases then possibilities increase. Ride it for a bit anyhow Dodge did the unexpected with an endless supply....

a reply to: japhrimu

Taxes are done on realized profits, meaning only once youve sold.

Profit is taxed, sell price minus cost basis.

a reply to: Trueman

Lol. Had not reloaded phone charts, nice gain out preforming coins with more use case atm. I keep looking to sell and buy back in, hovering at theses marks a while. Whenever I do sell to buy back things go up more lol.

originally posted by: aliensanonymous
a reply to: Trueman

I hold Shiba for fun, anything is possible in crypto. It will go up and if people can hodl it may keep up on correction, but how many people will double and run?? If more is burned and use case increases then possibilities increase. Ride it for a bit anyhow Dodge did the unexpected with an endless supply....

It didn't went down after going up. I think It'll stay close to 0.000032, which is the value now. It actually broke that Fibonacci barrier thing. The next barrier is 0.000035, then 0.000038. As you can tell, pretty close. Once it reaches 0.00004, it'll be unstoppable.

The token burns are scheduled and they will continue in next days. Robinhood already announced officially that it will take Shiba Inu in next days too.

a reply to: Trueman

I've heard the argument for high supplies.

It's a gimmick with no real advantage.

Do people like getting coins they can buy millions in quantity of, sure.

But at the end of the day it doesn't matter.

If you throw 1,000 at something and it's value increases by 50%, it doesn't matter how many of them you had.

It's not good or bad, it's just a small psychological marketing trick.

But having hundreds of trillions in supply does have an effect on price ceiling. Supply and demand is the engine of free markets. Supply exceeds the amount of people on earth and fiat currency in existence.

Momentum trading can make you money sure... But if you don't understand the mechanics you'll get burned.

originally posted by: CriticalStinker
a reply to: Trueman

I've heard the argument for high supplies.

It's a gimmick with no real advantage.

Do people like getting coins they can buy millions in quantity of, sure.

But at the end of the day it doesn't matter.

If you throw 1,000 at something and it's value increases by 50%, it doesn't matter how many of them you had.

It's not good or bad, it's just a small psychological marketing trick.

But having hundreds of trillions in supply does have an effect on price ceiling. Supply and demand is the engine of free markets. Supply exceeds the amount of people on earth and fiat currency in existence.

Momentum trading can make you money sure... But if you don't understand the mechanics you'll get burned.

Do the math again after looking at this :





.... more burns coming

a reply to: Trueman

Burning a billion here and there is technically good. But how impactful is the root of discussion when we have a supply of 400t~