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Hey everyone meet kevin here in this video we're going to talk about crypto and she did i invest in shiba inu. If i did, why did i invest what's my strategy? How much should i invest? What the heck is going on kevin all right. Folks, look bitcoins up over eight percent of the last 24 hours, we're up over 30 in the last week alone in crypto. This is no surprise because about two weeks ago i sold all of my cryptocurrency, i sold my cardano, my ethereum and my bitcoin actually was probably at this point almost three weeks ago, but i'm not exactly sure.

Anyway. I sold it right as the evergrand crisis was starting to brew. That's because, even though china has banned financial transactions in cryptocurrencies in china, i know there are a lot of hodlers in china and when there's financial pain in china, i know that cryptocurrency is going to go down, so i was able to lower my cost basis and All of the cryptos i was investing in by about 10 add more into the cryptocurrencies that i was investing in bitcoin ethereum cardano rebalance a little bit and now i'm more exposed to crypto at a lower cost basis than i was before. This was just me trading, though obviously trades could have gone the opposite direction.

Now i traded to lower my cost basis, but just because i had sold and then re-bought doesn't mean i've lost any faith in crypto, even though i think there are potential issues outstanding, stable coins being won. I was the first youtube channel to make a video about the potential risk factors of stable coins all the way back in january of this year, uh first time we really started looking at stable coins is wait a minute there could be a real potential debt issue Here, of course, we can always compare that to the financial markets and see lots of debt there as well or china, but anyway. I believe and strongly believe this. That 2022 is going to be the year of crypto.

Just take a look at some of the things that just happened this week on monday bank of america, published cryptocurrency and digital asset focused research, stating quote the digital asset universe is too large to ignore. On tuesday us bancorp stated they had launched a quote: cryptocurrency custody service for institutional investment managers who have private funds in the u.s and cayman islands. That's where the rich people are, or at least that's where their money is. On tuesday gary gensler said he has no plans to ban cryptocurrency.

A ban would be up to congress, which that's not going to happen, because that's not what the people want, not necessarily suggesting that congress literally does what the people want. Congress is not so but anyway, we'll save that for a different video and uh. At the same time as we're saying stocks fall due to fears over higher rates and longer lasting inflation, more persistent inflation, i still think inflation is going to go down. I still think inflation inflecting down at some point in the future, whether it's next months, two months from now or six months from now or a year from now, is going to be a short-term negative catalyst for crypto right now.
It's a positive catalyst for crypto, especially with a debt ceiling debate. Although crypto went up after the debt ceiling got raised, which was also kind of interesting uh, i guess it just potentially signifies more uh open-ended borrowing. But anyway, you also uh had uh people like jim cramer, who paper-handed crypto back at 29 000, when bitcoin was at 29 000. Just a few months ago now say that the way janet yellen talks about the us dollar is basically a reason to buy crypto alone, because maybe bitcoin is worth more than the u.s dollar, but anyway uh you've.

Also, this goes on. Okay, it's great get just some important things to note and i don't want to get into sheep. In july business insider reported that jp morgan became the first u.s bank to give its financial advisors the green light to give all wealth management clients access to cryptocurrency funds. In august, reuters reported that citigroup is considering offering bitcoin futures trading for some institutional clients.

Lots of other banks already offer bitcoin futures and bank of america is right on when they say that uh ultimately uh. This is something that we can't ignore, so so we're seeing a lot of good positivity around a crypto, specifically bitcoin and ethereum and, in my opinion, that sort of gives way to not just things like a future etf of various different cryptocurrencies, maybe ethereum etfs ethereum's doing Well, in the last 24 hours, cardano, not doing so great in the last about week, mostly because i believe there was a lot of trade or momentum that went in uh right before the alonso hard fork, which would have enabled heart, which did enable uh smart contracts. On the cardano ada network and uh, i think a lot of traders have sort of pulled out of that and moved on to other things. That's normal.

I think three dollars was a little high. I wasn't buying it three dollars anyway, but anyway uh. This all gives rise, especially the ethereum talk and cardano talk to shiba inu, obviously a couple days ago. Actually it was uh the evening of october 3rd.

So at this point, that would be three days ago: elon musk tweeted, a picture of his dog named floki, which is a shiba, inu, dog or or that's that's literally. The name of the dog and the inspiration for ushiba inu was obviously dogecoin, because dogecoin was made as a joke coin, which became incredibly popular the logo or the icon of the doge coin, the actual coin. The logo is a shiba inu dog and elon musk tweeting. That picture literally led to this insane trending movement of sheba in you.

It is at this point pure momentum, but it is getting a lot of people extremely interested in the functionality of sheba in you compared to dogecoin just for reference, shiba inu right now. At the time of this recording has about one third of the market. Cap of dogecoin dogecoin sits on the bitcoin network. Its current uh market cap for a dogecoin is about 32.3 billion dollars and shiba inu.
Oh, it's moved up since i started recording this is now at 12.8, so slightly less than three uh 3x at this point, but shiba inu is not built on the bitcoin network. It is or an offshoot of the bitcoin network uh. It is built on the ethereum network, which enables smart contracts uh, which dogecoin does not currently do, and transaction fees have been notoriously complained about being a little bit too high on dogecoin. Now, since elon musk's dog, who, which is a shiba inu dog, is named floki.

There's also a cryptocurrency floki, that's going nuts, but most of the trends right now seem to be heavily focused on shiba inu we've been trending on twitter, ashib, sheba, army sheba wallet, so we've been training multiple times for two days in a row now we're i don't Personally believe we're at peak media, yet either we got mentions in bloomberg today and the wall street journal, but we have not been mentioned yet in the more mainstream style, like fox news and cnn, which usually, once you start trending on the front page of those websites. You're kind of like okay, now we're going to like dogecoin style, peak media right, and i want to give you a little bit of background about shiba inu and then i'm going to tell you whether or not i invested so chiba inu is up substantially just over The last week, i think the easiest thing here to really do is simplify the way we talk about its price. So, even though, what i'm going to say is incorrect, just roll with me for the sake of making the video here and it's going to make sense in terms of why i'm doing this, i'm going to call this 34.3 cents, even though it's .000 whatever. Now it's 30.8, whatever right we're going to call it 30 cents, just for the sake of being able to sort of see what the heck is happening here.

In fact, wow. We literally just saw that update happen right in front of us, so anyway, you've seen this incredible run up here. This is just the day chart. Folks we went from 21 cents to a high now of 34 cents just dropped to about 31..

We go back to the past seven days. Uh, we have gone from uh we're presently around 31 cents, we're gon na call it's not 31 cents, but you're with me on this uh. We were sitting at a shelf. At 27 cents sat at a shelf at 23 cents sat around 18 cents.

I want to make sure i'm not missing a decimal place here. I'm not so decimal place. Move is very important. We sat around and ran up to 18 cents on the 5th 13th cents.

On the 4th and elon musk's tweet came out right around 6 50 p.m right around here, while it was around 8.2 cents, so we've gone from 8.2 cents to 14 to 18 to 22 to 24 to 29 to now sitting around 31. highly volatile, extremely risky. It's moving folks because elon musk tweeted a picture of a dog, okay, elon musk twitter. Here, i'm not i'm not signed in on this private broad there.
It is floki, frank puppy. It is that's literally it that that was the splashy. 6. 41 p.m.

California time on october 3rd, okay, there there's your catalyst for this, which uh is really a a uh. You know 3x thing here or more, potentially a forexing uh from eight cents to uh yeah about a 4x right now we're at about a 4x. So anyway, uh there's there's not much technical analysis. In my opinion we could do.

We could do fibonacci, retracement retracement, we're not going to do that. At this point it is worth noting that previously uh this has hit a high of 34 cents. That was on may 10th. We hit 34 cents.

It's actually quite interesting that we literally just bounced off of 34 cents. So clearly, there were probably some larger sell orders set for the previous high, but i also believe that, with the amount of trend that we have pushing on sheba in you right now, relative to other alt coins, i personally think we're going to exceed the uh. The previous high substantially we'll see, could be totally wrong. The only thing pumping this right now is trend analysis.

That's it. I don't think ta works now. I don't think fundamental analysis works out. This is momentum, momentum, momentum, that's where we sit right now and over here.

We'll talk about this more but uh. This was really when about half of the available. Shiba inu currency or coins were burned, and we'll talk more about that in just a moment, and so that led to a dramatic amount of news we could see. We stayed at an rsi after that news of about 27 to 29 for actually up to about a month and a half after that news and right now we're sitting at an rsi of about 41, which uh, which is really less than it's about half peak.

It's less than half of the peak media that we've been at before. If we go to trends in the last 30 days, obviously we're going to get rid of that bump that we previously saw, but we saw search trends for sheba enu in the last 30 days. At an rsi of 73 - and we didn't even really have a massive price movement - let's verify that here, just to make sure so september 13th was right here, this sort of pit right here there wasn't really a massive price catalyst that would have led to a larger Particular trend movement in shiba, inu or trend-based price movement. So, in my opinion - and this is just completely my uneducated opinion - it is very possible that we can substantially exceed uh the trend that we have seen or the search trends that we've seen in may, and this will obviously update right now.

This chart only pulls us through uh the the week of october third to the ninth, which is obviously where we sit right now, but it's a dotted line. This could obviously update tomorrow substantially if we go back to the past day and seven days, we'll see that right now at the time of this recording in the six o'clock hour here, we've got another substantial boost here in uh. The trend for this, probably because we did just hit an all-time high, go out to 30 days again, you could see yeah we're exceeding, but still 73, that's pretty high. I think we should this.
This should be like a 10 relative to the search volume. We're getting right now! If we go out to seven days, we uh, we could see that had a massive spike uh, which is really interesting that you had a massive volume spike here. All of a sudden that seven o'clock hour on october 5th, which uh october 5th, wasn't exactly a catalyst point beyond pricing. So if we go to 7 p.m, on october 5th we're right in this particular hour here which again nothing happened with pricing, but some some article may have been posted or something, but search has clearly moved on that news.

So anyway, uh going back to the day chart here. Obviously this is going to be extremely volatile. Let's talk a little bit more about uh how this coin works and what this is folks. I had this written on my notes here.

I mistook when this occurred and i'm not even gon na bother to edit uh the fact that i could just restate what i just said, because, honestly, i'm just full transparent, i didn't remember, but the september trend search was actually because shiba inu was added to coinbase. Uh, that was probably the reason for that. So let's get started with a little bit of more of the background here, so we started with a supply of one quadrillion, which is one thousand trillion. Fifty percent was given to vitilik buterin the ethereum co-founder the other co-founder, of course, being uh, the founder of the cardano network, charles hoskinson, on may 13th of this year.

Uh this. This was the big spike that we saw vidalia donated more than 50 trillion dollars, a worth of or sorry, 50 trillion sheep worth one billion dollars at the time to india to help uh with the coveted relief efforts there. This was roughly five percent of all available sheep at the time and then the rest was burned, so that leaves about 500 trillion as an outstanding supply of coins for shiba inu. So this means that about 40 percent of all sheba was burned.

Now, what is burning so burning means sending your coins to what's known as an eater address. This is basically a black hole wallet, so imagine you're just taking some coins and you're throwing them into a black hole, they get burned and they disappear forever. It's not something that somebody has access to, and this is a wallet that has a public key, so the transaction is verifiable, but there is no private key. So if there's a public key, that means anybody can see transactions going theoretically in or out, but nobody has the power to send things out of the address because nobody has the private key.

So nobody can actually, you know, utilize the tokens that are there. This is how burning works like when people say they burn tokens. It's not actually like they just vanish because they still have an address. They need to be essentially dumped into a null or a black hole or a burner wallet anyway uh.
So why would why? Would he burn cryptocurrency or why would anybody burn a cryptocurrency? Well, typically, you wouldn't because that's literally just like taking cash out of the bank, thousands of dollars at a time and just throwing them to a fire pit this. This is not something that's done, but there are some cases there are burns that are done. One would be during an uh an initial coin, offering an ico which is like an ipo, but for a cryptocurrency, and the developers of the coin typically determine how many coins will be minted and in order to make sure all the tokens are in circulation. They may choose to burn all the other minted coins that were uh issued, but aren't outstanding to anyone, and this was really the case with sheep sheep had always intended for uh vitilig to burn these coins.

He was essentially just entrusted by the developers to do this. Uh also, a second reason you might burn coins is burning. Coins is used to stabilize the price of some coins. Uh some cryptocurrencies have uh every transaction essentially force a certain percentage of coin, get burned in the form of a gas fee, and it's basically a way to make the network slightly more deflationary than it would be without those fees now, there's a difference between being slightly More deflationary and being deflationary, for example, the issue rate for ethereum is higher than the burn rate.

So, even though that is a deflationary aspect, you're still issuing more coins than you have than you're burning, which means it's technically still inflationary, right, uh and - and so i bring this up because some people are asking me like hey - is sheba inu, a deflationary coin and Really it was only at that one point, but i don't think those coins were ever meant to to disappear so so from what i can tell, i don't see shiba inu as being deflationary, but anyway there is a model very similar to proof of work. Also called proof of burn, which is also kind of interesting. This is a third reason you might burn coins, and this is where you have to literally first burn a token in order to be able to mine a token, it's kind of like paying an upfront cost to be eligible to mining kind of also, some people. Think of this as like a real mining rig which degrades over time or needs fixes or or needs to burn energy, except now you're just burning coins instead of energy to uh to to mine.

Now some of this gets really complicated. We can make in-depth videos on almost all of the things i just mentioned, i'm just trying to give a generic overview over here, but anyway she uh makes up along with the tokens leash and bone. I know all dog related makeup, something known as the sheba swap ecosystem. Shiva swap considers themselves the next iteration of d5 platforms.
It uh allows users to dig uh, provide liquidity pairs to bury to stake coins, which is kind of like you, stake, ethereum or cardano or whatever, and to swap tokens in order to get wolf returns through a passive income reward system, not super familiar with this. At all, just some of the terminology for you, many in the community have been calling this uh a deflationary currency kind of mentioned this already, but remember, there's, there's really not much deflationary about it outside of that one vitiligo berm, but the idea is that there is A fixed amount of this coin, so if most of sheba swap, is being staked, that is people who who hold their coins. If they're staking then technically the more you're staking or the more you're tying up in smart contracts, then there is less circulating supply. It's kind of like why does bitcoin go up as there are more hodlers? Well, the more hodlers you have, the less liquidity you have in the market, technically right, you're, taking liquidity out and since we're not really creating more.

If more sheep gets tied up into smart contracts or in staking pools, then in theory you're you're deflating at least the available circulating supply. Okay, so let's now just get to the elephant in the room. Did i invest in this? If i invested in this, why did i invest in this uh? Is this uh? Is this stupid? Is this a mistake? Uh, you know what what's what's the story here so uh? The answer is yes, i invested 69 000 into shiva inu at like 27 cents, or something like that. I can't remember exactly what it was.

Actually, i posted a picture of it on twitter, relatively close to. Whenever i took that screenshot and uh, then i and of course i always send alerts anytime, i buy or sell cryptocurrencies. I send alerts in my stocks in psychology and money group and i did put a disclaimer that, with my 69 000 investment issue being you, i believe that this is a speculative investment. I actually didn't even say it's an investment.

I said it's gambling, i said i am basically expecting to trade this, and i am hoping that somebody is willing to pay more money than me at some point in the future. Now i have no idea when that future date is uh. It could be in two hours uh, it could be in uh, 24 days or 24. I have no idea what it's going to come down to for me is the uh technique.

Well, it's not really technical analysis. It's also not fundamental analysis that we're going to play here, maybe some ta, because we saw that we literally watched that bounce off the all-time high. It's probably going to come down to trend analysis, which is really different. It's more of a it's more of a social arbitrage style of investment.

I think that there are some very incredible things that are getting light within the sheba platform: the sheep swap platform. I love how anytime we get these sort of momentum, movements and particular coins. We become very, very familiar with different coins. It's really like a an opportunity to get really educated in a coin, and i think it's i think it's incredible so i have 69 000 invested into sheba.
I did then invest another 50 000 into it. I wanted to invest another 69, but i was out of money uh in my coinbase and the instant deposit was not instant gosh. I bag on coinbase too much. I'm sorry, i'm sorry hey, but you can get a credit card that pays you in bitcoin rewards by going to medkevin.combf.

Mckevin.Combf gets you to block five where you can get a credit card that pays. You in cryptocurrency rewards so check that out. If i go to mykevin.combf check out the programs linked down below on building your wealth and um sheep to the moon, thank you so much sheep army and folks we'll see in the next one.

By Stock Chat

where the coffee is hot and so is the chat

24 thoughts on “Shiba inu.”
  1. Avataaar/Circle Created with python_avatars Dora Gary says:

    When you invest, you're buying a day you don't have to work

  2. Avataaar/Circle Created with python_avatars Hola! BulgarianBabe34 BulgariaBabe34 says:

    Buy XRP on Uphold, solana, BTT, Hbar, XLM, and Amp!!! All will sky rocket 🚀

  3. Avataaar/Circle Created with python_avatars Kathleen Edward says:

    One of the best ways to lessen the risks of investing is to diversify your investments. It’s common sense: don't put all your eggs in one basket. By picking the right group of investments within an asset category, you may be able to get better investment returns and reduce the fluctuations of investment returns without sacrificing too much potential gain, well diversified investment that ensures good returns can be carried out by the help of a financial professional. Get one

  4. Avataaar/Circle Created with python_avatars G Ga says:

    Did you hear that Doge has a girlfriend? She is taking all his money! Dogegf to the moon!

  5. Avataaar/Circle Created with python_avatars Amy Vaughn says:

    Just hold until a penny because the developers said they are purposely burning shiba to get it to a PENNY!! Hold shiba army and Kevin!!

  6. Avataaar/Circle Created with python_avatars staronestar says:

    Shiba inu is the real future coin. Lots of events are coming soon..!! Smart people never Waite for another dip..

  7. Avataaar/Circle Created with python_avatars Favorite tv shows says:

    Sell it burn the circulation idk but we to get the price up there

  8. Avataaar/Circle Created with python_avatars Paulo MK says:

    Shiba will make billionaires if ever this really goes up, it will create more spending habits 🙂

  9. Avataaar/Circle Created with python_avatars Taylor Griffith says:

    I really thought this was going to be a video about the dog Shiba inu. I had one as a kid. And our family dog now is Shiba Inu mixed with husky.

  10. Avataaar/Circle Created with python_avatars A Guy Named Something says:

    It's pretty simple when it comes to Shiba Inu, everyone. Hold 50% until $0.01, and hold the rest, just in case it blows up like Dogecoin, sell 40% at $.50, and hold 10%, because if it reaches that point, you'll be glad you did. But if it falls, most of you will still be wealthy.

  11. Avataaar/Circle Created with python_avatars Benson Meyer says:

    Its like, the words make me want to trust this guy, but the hair makes me want not believe a word he says.

  12. Avataaar/Circle Created with python_avatars Hamguy Bacon says:

    bought all my shib on Binance smart chain and paid 25 cents in fees, everyone should ditch shitty Eth.

  13. Avataaar/Circle Created with python_avatars Dazzle says:

    The key to success is simple, buy Shiba Inu now(early) hold them 1-2 years and sell them when it goes 0.01, u all set for life!

  14. Avataaar/Circle Created with python_avatars Brady Mirabal says:

    I<advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are trad!n without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 17 BTC from 2.1 BTC in just few months from implementing trades with tips and info from Mrs Elisa Denise Jones.

  15. Avataaar/Circle Created with python_avatars Kaveka says:

    To decrease the supply we should all mine shib token and burn it.

  16. Avataaar/Circle Created with python_avatars M4NISH says:

    Shiba is killing it, but I think Goku Inu is the next HUGE project in my opinion! The biggest and most popular character in the anime world by far and an actual use case with the Anime Dex coming soon! I think this is the next big gem. It's still crazy early too, only just hit 2000 holders! Check it out for yourself

  17. Avataaar/Circle Created with python_avatars Alexand says:

    🌸👨‍🚀$ELON $ELON $ELON!!!!!👨‍🚀🌸 . This is going to outperform DOGE AND SHIBA.

    LOOK AT THE CHART . NOBODY IS TALKING ABOUT THIS. 30x from here and just 100M Marketcap.

    NFA DYOR

  18. Avataaar/Circle Created with python_avatars Darsh says:

    Just like the recent crazy crypto craze for months, I think another craze like months of running later like 2022 is indeed very likeky. Holding my favorite diversity of several alt coins, especially quality or established ones. Like Ada Chz Amp, and also occasionally the interest and consistent ones like Algo and Celio. I knew I should've stocked up when ETH was 1.7k again, I told everyone, but I couldn't afford it at the time xD Already been rallying a lot since then. It is IMO the #1 BTC rival. Whether or not the price ever specifically shows it. I grabbed 5$ of Shibu. If it reaches 0.01 or 1.00 and I make 17-1700k, then so be it. Lol.

  19. Avataaar/Circle Created with python_avatars Airun Donaldson says:

    We still running for governor? Lower them taxes so Cali can stop moving east please. 😀

  20. Avataaar/Circle Created with python_avatars one for all says:

    WHY IS NO ONE TALKING ABOUT RYOSHI VISION TOKEN??? EACH RYOSHI TRANSACTION BURNS 1% TO SHIBA INU………….. WANT TO PUMP UP SHIB PRICE THEN BUY, SELL, TRADE OR SEND RYOSHI VISION….. DUH 🙄

  21. Avataaar/Circle Created with python_avatars Joseph Puig-Hill says:

    Musk is a Scam Artist. Should lose some weight instead of complaining about paying so much taxes.

  22. Avataaar/Circle Created with python_avatars Joseph Puig-Hill says:

    While Idiots are buying and falling for the Doge/Shib hype, Whales are Bumping then Dumping both to Prop up their BTC Wallets. BTC is over 59k, Doge and Shib are not following the usual BTC trend. I'm done with this Crypto Crap!!…🖕🖕🖕

  23. Avataaar/Circle Created with python_avatars TheRonid says:

    Why the hell would you dye your hair like that an expect people to take you serious. Hard pass

  24. Avataaar/Circle Created with python_avatars Hemanth Vinod says:

    Everything's true except the one about Elon's tweet. Nope it didn't pump because of Elon. If it was due to his tweet then the price would have dropped hard by now to where it was 2 weeks back. It's better to not associate Shib with this Elon guy. The power should be with the community.

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