CRYPTO-FUN

Why I Bought Over 21 Million Shiba Inu Coins

Will this be the next Doge? I doubt it.

Photo by Anna Shvets at Pexels

I’m a millionaire! In Shiba Inu coins, anyway.

A multi-millionaire, in fact. Over 21 million of the little buggers. I have more Shiba Inu than Bitcoin will ever exist. And all at the bargain price of around $100, though I paid in pounds, because I’m British. Or maybe Bitcoin. I can’t remember.

But why? Why spend that hundred pounds/dollars on 21 million coins which are almost worthless?

Here’s why you shouldn’t buy 21 million Shiba Inu

I’ve heard of people buying this coin because they’ve seen Doge shoot up and wonder if Shiba will too. What if it reaches a dollar? I’d have $21 million! Even 50 cents a coin would make me very rich indeed.

No, it won’t.

I’m not expecting it to reach $0.001, but I’d be very happy if it did. It’s now around $0.000005 and my hundred-ish dollars has turned into 110 (following day edit: 98). I’m not getting rich off this.

But why will it not get to a dollar, if rival Dogecoin got halfway there?

It’s because there’s so many coins in circulation that it would take a lot of investment to get it there…