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Someone Just Turned $8,000 into 5.7 BILLION in 400 Days (True Story) Best. Investment. Ever.
Perhaps the most successful investment in the history of the world that most people never heard of. How one lone trader made billions with a single crazy trade.
You can say what you want about risky, speculative investments, you can say that Gamestop, meme stocks, crypto are bubbles waiting to pop. And you might be right. But while you are sitting on the sidelines complaining and waiting for the bubble to burst some people have made crazy money from crazy risks.
So just a little over a year a new crypto showed up on the scene called Shiba Inu. It was a meme coin named after the Japanese hunting dog that was meant to parody Dogecoin, so how ridiculous is that, a coin parodying a meme coin actually gaining traction.
In August of 2020 right when Shiba was listed one lone crypto trader picked up about 70 trillion Shiba coins for $8,000. This was a fairly big risk as most coins end up doing nothing and you lose all your money. But some coins do take off, and since that time at its peak Shiba saw a 7 million percent gain in value. And here most people are happy with 7% on stock investments. Anyway these 70 trillion Shiba coins at their peak saw a value of over 5 billion dollars. This one crazy trader who bet $8k on a brand new meme coin had become a billionaire in just over a year.
Now keep in mind there are some downsides, if you ever find yourself holding billions in crypto. At the time this buyer held about 13% of all coins in circulation. If they tried to sell them all it would collapse the price and the market. This is especially true of coins in their infancy. Its hard not to want to sell especially if you realized incredible gains. But buyers who hold do support the ecosystem long term and can potentially see higher gains. Or the market can collapse and they lose everything. Think of the pressure you would love to take out a billion or so but know it is not feasible. Now removing smaller amounts over time as the system grows is the way to go. If you recall so many of the early adopters of Bitcoin sold their thousands of coins for $1, if they had held they would all be millionaires and billionaires today, but most people never imagined what would happen.
Shiba Inu today is now the 13th most valuable Crypto in the world and is starting to be listed on major exchanges. It has a market cap of over 25 billion dollars. AMC theatres, ironically a meme stock themselves, are considering adding Shiba Inu as a means of payment for tickets and Newegg electronics will already accept Shiba as payment.
But have you missed the boat on yet another crypto opportunity? Not necessarily, you can still buy millions of Shiba Inu coins for $100, at the time of writing $100 will buy you over 2 million Shiba coins with an individual coin being fractions of a penny. A single Bitcoin way back could be purchased for fractions of a penny, today a single coin trades in the $60,000 range. If Shiba Inu even goes to one dollar per coin and you invested $100 today, you would be a millionaire. Of course you could also lose your $100! For me, I look at coin speculating as gambling money and if it all collapses tomorrow I'm fine.
I'd love to hear your thoughts in the comments, is this another example of a world gone insane and the next tulip bubble or could this meme coin become the next Bitcoin? Nobody knows for sure but in my opinion it cant hurt to take your lottery money and get yourself some Shib.
Did you know some people are making millions from basic digital artwork? Learn about NFT's with this link. https://youtu.be/ImFoFs0Vl4U
#franchisecity
#shibainu
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