There are several kinds of investors in the market. While the volatile market has some sitting on the fence, the same factor has pushed investors to go all in. During its origin, several dismissed Shiba Inu (SHIB) as a joke cryptocurrency as it was inspired by Dogecoin (DOGE).
But the meme coin soon changed the narrative, as several people who poured their funds into the asset became millionaires and billionaires.
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The Investor’s Regretful Journey with SHIB
An investor who purchased Shiba Inu in January 2021 was full of regrets. He reportedly poured in $2,000 and bought 25,874,894,883,239 SHIB tokens. The meme coin was trading at $0.000000000077295 during the purchase.
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Why Did He Sell His SHIB Holdings?
According to the investor, SHIB was one of the worst-performing cryptocurrencies in 2020. This prompted the investor to decide against taking a chance with his capital. He was further terrified and withdrew his holdings, believing that his investment may lose everything and never come back.
The Missed Opportunity
To put things into perspective, in just two months, the price value of SHIB dropped from $100 in investment to $2. But the situation changed in October 2021. The 25 trillion tokens would have been worth $1 billion.
After he dumped trillions of tokens over ten months, SHIB hit an all-time high of $0.00008616. The $2,000 might have increased to $1 billion when it soared at 67,000,000%.
The Investor’s Reflection & Market Status
Elaborating on this misfortune, the investor said,
“I just got a message from a couple of mates and they told me that Shiba Inu has gone up 67 million percent since January. Now in January (2021) I was browsing Reddit and came across a recommendation for buying meme currencies. One of them was SHIB. At that time I put $2,000 into it and I left it for a couple of weeks. It went down and I sold it for a loss. It turns out that would now be worth $1 billion if I hadn’t sold it. Now how to live with that?”
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At press time, Shiba Inu was trading at $0.0000144, having surged 1.54% over the past 24 hours.
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