Cryptocurrency

How Shiba Inu Investor Misses Out of $40 Million In SHIB Profit: The Full Story

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.

Read Also: Shiba Inu Burned 5.7 Billion Tokens in August, But SHIB Community Not Pleased

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.

Read Also: Binance To Remove Certain Trading Pairs Related to XRP and Shiba Inu (SHIB). Here’s why

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.


Follow us on Twitter, Facebook, Telegram, and Google News

Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

Recent Posts

XRP Price Spikes 20% After SEC Chair Gensler Hints At Resignation

News of SEC Chair Gary Gensler's potential resignation has sent shockwaves through the cryptocurrency industry.…

3 hours ago

Ripple President Shares When RLUSD Will Launch

Ripple's RLUSD stablecoin has entered beta testing, with a broader release anticipated upon regulatory clearance.…

5 hours ago

Analyst Predicts New ATH for the Dogecoin Price in Few Days, Points to Altcoin Competitor Eyeing 42,120% Rise

The Dogecoin price is again making waves, with analysts predicting a new all-time high (ATH)…

8 hours ago

Chartist Predicts 5 XRP Price Milestones If Bitcoin Hits These Bullish Points

Experienced crypto analyst EGRAG has projected that XRP could reach remarkable price levels if Bitcoin…

10 hours ago

Shiba Inu News: SHIB Burns Skyrocket 1800%, Cardano Aims For $1 As Price Surges 60%, While Yeti Ouro Tops Presale Charts

In the ongoing bull market, memecoins have provided the best opportunities, and to keep its…

11 hours ago

Are $1 SHIB, $600 SOL, and $10 XRP Possible? This XRP Alternative Could Deliver 5000% Gains Instead!

Cryptocurrency enthusiasts are buzzing about the potential for massive gains in popular tokens. There's speculation…

14 hours ago