A Shiba Inu (SHIB) investor missed out on a staggering $40 million profit because he hastily cashed out after seeing a 50x increase in his initial investment.
The host of the popular crypto YouTube channel, Zero Waiting, is the investor who would have been telling a different story if he had held his Shiba Inu (SHIB) tokens a little longer.
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A Life-Changing Prediction and Relatively Big Loss
In his first video from February of 2021, he shared that he had put in $200 and in just three days, it had reached a high that made his initial investment worth about $54,000. By the time he made the first video, it had dropped to $10,000 which was still an impressive 5,000% return on his investment.
He felt the same way when he made his follow-up video 9 months later in November of that year. He talked about how he felt his initial $10,000 was impressive without knowing that Shiba Inu would follow his predictions by going up 1000x and surpassing Dogecoin (DOGE) in market capitalization.
Sadly, he didn’t stay on long enough to enjoy those returns. He admitted to cashing out on the $10,000 gain. In the new video, he emphasized that his decision might not have been the wisest.
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The Aftermath
Contrary to what you would think, he doesn’t regret it very much. He stated that he made a lot of profit along the way. He didn’t hold it long enough to make $40 million.
According to him, only two sets of people would hold their SHIB tokens from $200 to $40 million: those that are really dumb and those that are really smart. He claimed to not be in any of those camps and although he didn’t make the maximum gains, he made more than enough money.
He highlighted some of the comments from when he uploaded the initial video telling him that Shiba Inu (SHIB) was dead and he should cut his losses and move on. He described how scary it was as an initial investor because the prices would pump up for a few days and then crash in a matter of hours, over and over again. But he also pointed out that healthy meme coins would always behave like that and fear would always make people sell early.
Throughout 2021, Shiba Inu experienced a massive surge to become the mainstream crypto asset with the highest ROI. The digital asset hit an all-time high of $0.00008845 in October 2021. If he had held on to his initial $200 investment, it would have brought in an astonishing 200,000x increase in value.
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