SHIB’s recent pump has caused me to think about crypto in general

If you’re not doing great right now, but you hold some coins with actual purpose, you’re doing a lot better in the long run than anyone who holds SHIB.

I just spent a few minutes in the SHIB subreddit. I am honestly in shock. The amount of people there who simply don’t understand how market cap works is astonishing.

There are people there predicting that SHIB will hit $0.01 soon. For this to happen, SHIB would need a market cap 7 times that of bitcoin currently. If this happens, I think I would pull all of my money out of crypto instantly.

I would not be surprised if SHIB continues to rise, at least for a little while, but goddamn, some of the people who hold it have no idea how crypto or any investment for that matter works in the slightest.

I don’t mind if you hold SHIB because you think it might make some money short term, but please at least try to comprehend that it is not going to ‘the moon’ anytime soon.