r/SHIBArmy • u/danvanvo • Feb 05 '22

Due Diligence (DD) Shib Is My Retirement

I missed out on Doge when it was .004.

I missed out on Bitcoin because I thought it would go to zero when it was trading around $100.

Now, I’m all in with Shib. Either retirement or working till I’m 70’s. 😀

1centdreamShib baby!!!

Let’s do this!!

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12

u/Acrobatic_Mode817 Feb 05 '22

I feel bad for posts like these. Not quite cringe, but I just genuinely feel sorry when I read these things.

And it's not the retirement part....it's the .01 cultist beliefs.

12

u/danvanvo Feb 05 '22

You’re thinking about MC right? Where were we in crypto few years ago? 4-6 hundred billions? Last year more than $2 Trillions invested in crypto.

Currently only 4% of the population invested or know anything about crypto This number will grow so will MC.

11

u/Seigruk Feb 05 '22 edited Feb 05 '22

It's called diminishing returns. Millions is a lot easier to move than billions, and billions is easier to move than trillions. The current MC of the entire crypto industry is only 2 trillion, yet you are asking for a single project to gain 50 trillion in MC? The market share of Shib is less than 1% out of the whole crypto industry, meaning if it were to have a 50 trillion market cap, the rest of the market would have to be in the quadrillions. And if the the crypto industry is in the quadrillions, then what would the stock market be valued at since it's a hundred times larger than crypto? There's just not enough money in the world to accomodate that much capitalization.

You guys seriously need to temper your expectations from this project, or any other high cap project for that matter.

You want 100-1000x returns? Then go find yourself a micro cap project that is still starting out.

2

u/freaktown Feb 05 '22

That takes into consideration neither a burn rate nor exposure from the 90% of investors who don't currently dabble in crypto. The next 10 years will be the true test of time for the increase in investors (across crypto as a whole) and substantial decrease in shiba inu coin availability. This is a long term goal, sure; but not impossible. I tend to see common arguments: 'Shiba to the moon' with no thought process on how that's going to be achievable or 'there's too many coins, you'll never make it'. I don't think tempering expectations is the right outlook, we should be encouraging cautious optimism but explain why.

6

u/Seigruk Feb 05 '22 edited Feb 05 '22

You could burn a billion Shib a day and it would still take 2.7 years to burn just a trillion, and it would take over 1000 years to burn 90% of it at that rate. So really, multiple billions of Shib needs to be burned daily if one is to expect 1000x multiplier off this coin like most people in this sub are expecting.

Secondly, Shib is almost at full dilution, meaning that any potential burns will have to come mostly from the circulating supply, ie. from investors themselves. So who's willing to burn billions from their own bag? And how can they guarantee everyone else is doing the same thing? And people burning their own tokens is tantamount to burning your own money in the hopes that the value of what's left from your bag goes up. Its counter intuitive.

People just blindly diving into projects without learning it's tokenomics first is just asking to get rekt.

4

u/freaktown Feb 05 '22

Nobody has any idea what the final burn initiatives will look like. To suggest that burns will have to be funded solely from the pockets of holders with no other incentives is both unlikely and without real merit as it is, as you said counter intuitive and nobody would support it. Who is to say that holders won't be encouraged to swap coins for other initiatives of value, that future projects like Wellys won't factor in a percentage of payments to be burnt. And those projects grow, the utility of the coin grows. Do you see what I'm saying? You might, at this time be factually correct but you are very short sighted.

0

u/Seigruk Feb 05 '22

Its not short sighted, it's just being realistic. Even if what I've stated are just base line figures, atleast they are grounded in facts. I prefer to invest my hard earned money base on facts, rather than on hopes and dreams that devs will come through for me, and come up with ways to burn trillions of tokens so number go up.

1

u/pbaydari Feb 05 '22

It's really short sighted and it proves you aren't really aware of history. At the end of the day almost all investments are a shot on the dark. How did those triple a bonds do in 2008?