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If 500 Trillion coins locked in uniswap, then explain where all coins coming from that sells on all platforms?
Shib holders steadily grow, popularity and acceptance around the world growing, many projects currently under development are slowly but surely moving towards finish line. Even though it coils farther down under all kinds of pressures but it will spring up
There are few characters here that trying to spread panic, not as bad as I've seen on other boards.
This negativity reminds me one stock I had interest in and watching closely but my decision was influenced by negativity of investors on ihub board. It's ticker is NIO a Chinese made electric vehicle company. They had IPO on NYSE at $13 per share years ago and lots of institutions bought a lots of shares spent tens and hundreds of millions of dollars then prices started sliding downwards. I remember checking and seeing that big banks like BofA, Wells Fargo, just to name a few and many other major fund institutions bought millions of that company shares, at the time I was doing my research NIO shares went down to $5 a piece and I got some. But, onslaught kept going pushing farther down and negativity on this board was heavy. Prices kept falling to $4 then to $3 then to $2 and ney sayers was screaming sell sell sell, it's going to get dilisted from NYSE, because it fell far below NYSE minimum requirements threshold which is has to be above $5. I was adding bit by bit on way down averaging down pps cost but ney sayers has such influence on me I was fearful and while I had plenty of funds available I was reluctant to act when it fell to all time low $1.24 since then I had to learn a lesson to do my own due diligence and to know what you buying and not to be persuaded by all sorts of noise by stupid people. At the time I had piled up a 6k shares averaged $4.5 being on red awhile and the constant negativity on this board played it's trick on me, and when prices moved up and got me on green territory I sold it only for $600 of profits just before it ran to all time high $66 a piece and now trading at $30 and still have bright future. I own only about 1k shares of them and 50% on green. And had I been a bit more prudent I could have had 40K shares and would have made lots more money. Yes, I own Shiba currently and yes I'm on red territory and will continue to hold and perhaps will even add some more as it drops farther down, no worries here. Please, do your own DD, learn if you must from your own mistakes or from mistakes of others but own your own decisions and be responsible for the decisions you make. My thoughts are for entertainment only and should never be considered as an advise to buy or sell anything. Now let's keep sailing together and see where this Shiba ship will take us to. Bon Voyage!
Thats exactly what I'm saying, all that amount is available for purchase on open market they are in circulation. I do disagree that devs must purchase the coins on open market, they certainly can perhaps for their personal use, i don't know for sure but its plausible. Uniswap acts as a clearing house that sells on the market company shares on behalf of the company and company gets the proceeds from the sales instead of selling shares by themselves, same is here, whatever the amount of coins is sold on Uniswap the proceeds goes to finance the projects that's currently in development and will be in the future. Otherwise how would devs would be able to fund everything they are working on? Take personal credit from the Bank? Or you will say that they were already been crazy rich to begin with? Maybe just like Elon Musk? Who is like the wealthiest man in the world. I don't claim that I know everything in the world and smarter than anyone else. I could be wrong here, there and elsewhere. Just attempt to articulate my thoughts. Peace to all.
Whether it's a stocks or crypto when it becomes registered, created and validated, authorized-which means that they have completed their legal process and could be freely sold/trade on open market that total amount becomes a circulating supply and whoever buys whatever amount are still counted as circulating supply even if you holding them forever in your possession, because nothing prevents you from throwing everything you got back on market to sell at any given moment. Unless you exercise certain instruments that limits your ability to put your holdings to sell on open market or you burn your coins or crypto or in case with stocks, companies can purchase back on open market their own shares and locking them in a vault for certain period of time than they are taken out of circulation! But if you think otherwise, ok. It really doesn't matter what we think. Prices are moving the way they do not because how we perceive something. Everyone wants to know how price will move tomorrow or a year later and we all make our bets based on our perception just to find out while later how wrong our perception was while other times we could make pretty decent prediction and make a few bucks in process. All these stocks and crypto are pump and dump schemes, it's just some buying and selling at a wrong time. Name of the game is: buy low and sell high! That's it, nothing else. All these charts and scores and prospectus and earnings all of that are there to fool the investors while investors attempt to predict future price movement thats why they are studying the charts all the time and monitoring them closely and become such a professionals in that area because we all wants to make lots of easy money, and some of us do but most of us don't. Good luck.
Community and SHIBArmy are constantly growing larger
You don't have to sell them to add to circulation. All Shiba holders whatever they hold in their wallets all those coins are in circulation. The only way you get them coins out of circulation is when you burn them or when you staked them or buried them for whatever time you choose, then for that amount of time those coins are out of circulation for that set time period only. So, Buterin when he decided to keep those 40 trillions coins, they are counted in circulation. You can track top 100 etherium wallets that's holding Shiba and see how many Shiba coins that is . But altogether there is about 1.2 million Shiba holders. Where did those coins come from if 500 trillions are locked in uniswap?
My understanding is original quantity 1 quadrillion minutes 500 Trillion sent to Buterin, Vitalik B burned 410 Trillion and sent x amount as donation to India fund for helping to fight covid virus. 500Trillion that's been locked at uniswap for what? For storage? Coins can be safely stored in a wallet. Why are they been moved to uniswap? And where Coins are coming from when people everywhere buying them through all kinds of exchanges?
If 500 Trillion is held in uniswap then where is the coins that's being sold on every exchanges possible coming from? Surely they are not coming from a dead wallet?
I feel your pain
While someone who is holding this is on green territory can pull out his initial investment and then sit on free pile of coins and have freedom to either sell everything for profit or to continue to hold. But I am sliding deeper and deeper into red territory with each drop to a lower low and have fewer options available actually there's only 3. Option 1: is to keep adding and averaging down ppc, Option 2: sell for loss, Option 3: hold it and see what a year or two will bring to table by watching this drop lower every week. Selling for loss is not too attractive, so I will continue to gamble with and add few more times as it drops farther down and continue to hold with high hopes and see if our collective patience here pays off one day. Like it's been said that their is currently few interesting projects in development and it's just unknown how many people working on those projects and their skills and motivation
These low prices has everything to do with 589 Trillion coins in circulation
Shiba inu is not the #2 meme coin after DOGE coin. There are about 30 meme coins out there and regularly new ones come to the scene and all of them have a lot in common the way they are pumped. They have same large quantities at the beginning and they have a burn scheme involved and working on the utility improvements and entering into metaverse space and have community of their own to support and creating their own decentralized exchanges and have their own $1 dreaming and propping them with all sorts of hopes and dreams about becoming other meme coins killer and world money and so on. I just saying that to point out something that nobody is talking about. People need to educate themselves about crypto, what it is and their similarities and differences so they can make educated decisions in their investments and trading.
Buterin probably kept couple trillions just for laughs.
Mostly people selling to make profits and perhaps a few who expected Shiba will always only climb higher and higher and when Shiba went the other way they got scared and sold out for the loss and that kind of people are few and far in between, majority will hold for long if necessary.
SHIBArmy.
Might be rough sailing ahead but I was prepared for couple years of voyage with Shiba to reach at least a penny land and anything over a penny would be pleasant surprise.
I'm not going to sell for a loss anytime soon, planning on adding a few more dips I'm 50 million short of my 1 billion goal anyway. And that's my decision!
One thing is sure: - there will be plenty of Shiba coins available and it should be enough for everyone in foreseeable future. And you absolutely right about all of us that grabbed the Shiba and think that we're SHIBArmy now, will be able to make any money on our investment only in one and only condition and that condition is if Shiba coins will appreciate in the future and that applies to all who bought into lately and over a period of time slide into the red territory. Shiba went long way already and everything that's going on in the background is plausible and it might be enough for one celebrity to advertise it in all their social media and on public main news channels to propel this to their new cosmic all times hights
If all Shiba holders decided to sell all at once you would be left alone, an army of one. That 1.1 million holders is part of SHIBArmy and I am one of them too.
It ran what? 90 million % in a little over a year from its inception and you expect that it will keep running up at similar rate every year? You know, there are a million people who's holding Shiba currently will go absolutely berserk if and when it hits a penny and will be selling like crazy reaping the profits and getting rich and I would say most will start selling even before we get to a half the penny. Just like what's happening now. People selling selling and selling making tons of money because they bought in early. As time passing by year after year it will slowly rise in value but there also going to be spikes on way up and down but over period of time it will be climbing higher and higher as it gets wider acceptance around the world and transitions increases with every year passing by
And how early did you buy and how many millions of Bitcoin you own if it's not a secret? I bet you don't own even a thousand of them, not even a hundred.
You buy start up in it's infancy when they are at 1-5 million dollars market capital and .00000000001 per coin. Not when it exploded 90000000000% and at $20 billion market cap.
Of course they did, I believe.
Of course they did, I believe.
410 Trillion coins has been burned by Vitali Buterin in the very beginning when Shiba has how many zeros? It didn't cost anything back then and that's when pump begin.
Where is the proof?
Without any proof it's just cheap talk.
I can write a post saying that i just bought 250 Trillion Shiba coins, and you think that without any proof everyone will believe that, just because I posted?
Come on, really?
Right, what's your trading strategy?
How do you diversify in crypto?
Good thing I have not sold my stock holdings to add more Shiba. I will keep them both for a while longer.
Perfect storm is brewing!
Why does it matter if someone holds 50 billion coins or nothing?!..
RH listing, completed projects, continued growth in number of Shiba holders and growing acceptance by merchants around the world will keep adding value to Shiba coins and this huge amount of coins in circulation will allow developers to continue working on many other possible projects to improve and develop and advance Shiba going forward for a long time without any worries about finding, thats also a huge plus.
Shiba is well positioned for growth and increase in value and worldwide adoption in popularity and utilities. There are several projects in development currently and are due for completion in this new 2022 year that will improve greatly the utilities and will serve as catalyst for greater worldwide exposure and adoption as a cryptocurrency! While burning aren't planned to be massive and instant it's burn rate will be constantly and continuously increasing in proportion to the constantly increasing amount of transactions by growing merchants acceptance of Shiba as currency and method of payment that's besides the gaming industry metaverse and their own exchange platform. I'm only short 50 million coins from my goal of billion Shiba coins. Waiting and hoping that it will drop some more to get it filled if it stays where it's at before its start moving north ain't no biggie I feel comfortable with what I already have.
Who's holding 50 Trillion coins and over that's what I want to know.
It could be that it's coiled and waiting for the catalyst as a command to lunch moving north!.
Usually that's what happens before lunch upwards, it freeze and stop flickering for some time and then kaboom and it flies.
They might decide to burn a few billion coins in attempt to blow THAT out of proportion as a pump gimmick but if you compare it to the circulating amount of 589 Trillion that will amount to the bucket of water poured into the Ocean. I predict it's going to be trading sideways and downwards for extended period of time until greater adoption around the world and once current projects in development are completed and they catch fire in popularity. Don't expect any significant amount of coins to be burned because they serve as an ATM machine to fund everything current and future. Jmho. Still holding and think Shiba has potential and plenty room to grow.
SHIBArmy
Yes, I cast my vote for burning 189 Trillion Shiba coins. SHIBArmy-one for all and all for one!
Let's Get R Done!
Will you buy than?
Now you got to relay this to the rest of 1.099 million holders and let's do it.