SHIBA INU – BAD OR GOOD?!

SHIBA INU – BAD OR GOOD?!

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Hey it’s Austin here welcome back to the channel so let’s talk about shibba enu there’s a stat out today that I want to make you aware of and talk about kind of shibs place as it relates to the major altcoins and kind of the State of the

Union of crypto right now so there’s a St a statistic that just came out talking about Shibu that 66% of all Shinu holders are in the red um this really didn’t surprise me not specifically about Shibu but in the context of the overall crypto Market remember that crypto at our all-time

High we were at a right at about a$3 trillion market cap now that’s all of crypto added together and Shinu its alltime high hit about a 42 billion doll market cap and right now shibs definitely you know down from that in that4 or five billion doll range right

Now as we speak um and so in that context so 66% of all shini holders are in the red okay so I want to talk about that but again I want to talk about in the context of all of crypto so depending upon when you bought shenu cardano Bitcoin ethereum polygon

Whatever it may be um the odds are you’re probably either break even maybe a little bit you know positive or A little bit in the uh in the red and so in that scenario you need to have a plan of knowing what your cost basis is for every single you know crypto asset

You own including shibba enu uh and then have a goal you know what is the goal you to make 10% 30% 40% Roi return on investment so if you bought you know if you if you have 1,000 in dollar worth of shb and you want to make 30% you you

Know you need to be having a plan to to sell when you’ve hit $1,300 total you know in in the in Shu from a you know cost basis in Roi just as an example but more back to the 66% are in the red the odds are statistically the math says that all all

Almost all major altcoins you know including shibba enu Dogecoin what have you most people are probably you know Break Even or a little bit in the red because the entire crypto Market has moved down from that all-time high right at about three trillion right

We know that uh 22 and 23 were very flat slash very much down years down slf flat we moved down you know and and if you bought any of those assets then the odds are again you’re probably uh break even now if you’ve just bought recently then you

Know your your cost basis is different you’re probably not upside down so to speak my point of the video is just to have the dialogue with you to let you know that a you’re not alone and B um you know all of crypto has moved down in

The last couple years it’s been a real tough time in crypto and stocks as well with inflation uh in my opinion A recession although the government won’t offic officially acknowledge that we’ve been in a recession um you know the r word is a bad word right and so looking forward

Though kind of to turn this around looking forward for Sheba enu and for all major you know crypto assets I’m looking down the road and like there’s some shib that I own that that I’m a little bit upside down and I’m not worried about that because I’m looking

At the remainder of 24 and the and moving into 25 we got Bitcoin having we’ve got you know everybody in the room the Bears and the Bulls acknowledge that we’ve got really two good years a major biggest Bull Run we’ve ever seen coming at us in the next couple years so all of

Those assets that I own I’m not worried about them in any context okay and so that’s really I guess what I’m saying again this is not investing advice obviously you got to do what’s right for you but when I look out I’m not worried about it I know where crypto is going to

Go and I know right now we’re at the kind of the bottom we’re at the we’re at the trough if you will you know the bottom of the of the curve and um I know that crypto is going to be massive I know that we’re going to have major adop

Option across all major assets including Sheba enu because remember I say this all the time shib is a a Gateway crypto right we have a lot of new people a lot of new investors come in Via shib because of its low price per token um

And uh and and its visibility in the top 100 and its kind of national Global media coverage um I’m not worried about it okay so that’s my two cents hopefully you’re having a good day enjoying the weekend and I’ll see you back on Monday back to normal and uh let me know your

Thoughts drop in the comments below also if you’re looking to pick up my software my trading indicator links in the description below if you want to check it out it’s a 30-day no questions asked refund guarantee you can use it to get buy and sell alerts on any and all major

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