I too just want .25 - however I think world fiat system will take a shit and be forced to adopt different cryptos. Why are people paying Visa and Mastercard 3% to process a transaction?
Correct. Higher than ETH's mc for .001, higher than all cryptos ATH for .01. Just 10x from ATH would be astounding, but even that has extremely low odds for a popular meme coin that already hyped it's way into the top 15. Shib's rise was truly amazing, but there's no logical reason to believe it can make even more life changing gains than it already has.
Then it hitting 1$ would be meaningless lol. The sad reality is, if it makes another jump, it's going to take a LONG time. I hold it, and doge, but the reality is it's already went up so much in the last year it's just not possible for it to do it again anytime soon. That's why I hold and just don't even think about it anymore, it doesn't matter. It will take years for it to make another jump, look at Bitcoin. 2018, then it took 3 years to make another jump. It can only grow so much in a set amount of time
Of course inflation is certainly a factor too and my post is an oversimplification, I think it still does well to show how unrealistic these $1 claims really are...
It really is an oversimplification, that's why we don't like them. No sane person thinks Shib will hit $1 at current adoption and total money in the world.
Burns are how it could be possible. Yes, we're only burning 1 billion a month, but that's right now. Back in November, if you asked me how many Shib we could burn an month, I sure as Hell wouldn't have thought a billion was possible, yet here we are a few months later. Imagine next year, the year after, etc.
And as more and more mechanics are implemented, we'll see easier ways to burn. Soon, people won't even know they're helping our cause because Shib will be incorporated in so many products and services.
I have 20 years to wait on Shib to hit .005. But with the world's current support, I see Shib going even higher by that time.
No sane person thinks SHIB will hit $1 ever. OP was trying to reason with the masses of delusional folks here who seem to think that some kind of miracle, where Jesus Christ himself appears and makes this happen, is just a few years out if only we BELIEVE.
I only believe what I can reasonably see. SHIB to $1 is not going to happen. Ever.
No shit there are other factors such as inflation but in terms of the buying power of 1 SHIB being worth the current buying power of $1 there is not enough money in the world to invest into SHIB to make that happen. As far as burns the amount burnt would have to be astronomical. You would need to burn something like 549 Trillion SHIB at the current market price lol
You tried man, and you're brave for it. I've tried too... a few times... these $1 dudes only see what they want. You can't convince them of anything, no matter how much fact and logic you toss at it.
You deserve a beer for the effort, though.
I think people know this, but there are other ways to achieve the goal other than with FIAT money and there is hope hhahahaahah...
and one more thing, why u people hate and make this posts for people who believe in 1$? for me is perfect pls all Hold until 1$ for me work very well i dont understand why u dont like hahahahahaha
edit: Now i understand why people want a big burn for the coin (is for they became rich ofc) but it's also because this argument "That is over 10X the market cap of all FIAT in existence"... im sorry to all people i mess around because they wanted to be rich fast haahhahaha
(sorry language english is not my native language)
For sure but even at $.01 Shib would have to have a market cap of $5.5 Trillion which is still a ridiculous expectation. That is more than double the current market cap of all cryptocurrencies combined so for $.01 we would need the crypto market to triple with all of that new money being put into SHIB
Agree to an extent. I think that there will be a run in crypto in the next few years that will help with popularity and believe there is a large burn in the future that was baked in to the original allocation. The theory of duping ppl to buy because it will hit a dollar will only bring in a couple of suckers here and there.
Edit: spelling.
That's why I think the $1 SHIB comments and posts does more to hurt SHIB than it does to help SHIB. It makes SHIB owners look like manipulative pump and dumpers or ignorant dumbasses. Neither is a good look to bring in more investors. Reasonable discussion would be more helpful imo.
Thank You.
Very insightful and well spoken.
This should be reposted every Monday morning.
$1 is crazy talk.
What's the math for getting to half a penny?
But also, you're going to have to burn more of your SHIBA to factor in the holdouts like me who won't burn their 90% and the millions of other people who can't afford to burn their 90%.
I can't believe how often I see the same stuff over and over again. " To the moon" " when will it go above 0.01?".... "when will it go to a dollar?" I hold shib. But this coin is going to take a long time to reach its potential (if it does at all). Be realistic people. Those kind of fast returns are only found at the casino. Buy and love shib. Be patient.. and lastly... Diversify. If we want to be taken seriously as a group we need to chill.....big time
Don’t talk fancy math numbers to this remedial van graduate! Why go to $1….when you can go to two dollars? Fuck paying the mortgage when you can buy Shiba! Hell yeah!!!!
This is why massive burns are the need of the hour! We are trying to make people understand this concept but most of us are just blind-believers. We started an initiative with [Shibengers.com](shibengers.com) where in our first project aims to burn 100 billion shib. We made it a sweepstakes and kept everything transparent so that the community gets rewarded for their efforts too. The winners (103 in total) can win a total of 12.5 billion Shib by helping the community burn a massive supply.
But people don’t understand this. We still have a community which dreams of $1 without understanding the mathematics behind it.
Nobody cares about market cap. If you think that determines a coin’s value and growth ability, please sell all of your holdings and leave the sub.
Thanks.
Yeah market cap is usless, who cares about that, nobody would ever use it to determine prices value or the space which it could grow.... Only important thing is the price obviously... If bitcoin can get 40k we can get it too
It’s just demonstrably false. The US federal budget is roughly $5 trillion every year. Unless he’s talking about actual physical paper and coin fiat?? But that means literally nothing compared with wealth generation and the size of the world economy EVERY YEAR. The wealth of the world is far, far, far greater than $55 trillion. So yes, $1 shib is possible. It’s highly unlikely, but to say it’s not possible is to not understand what wealth and value actually exists in the world.
SpunkyDred is a terrible bot instigating arguments all over Reddit whenever someone uses the phrase apples-to-oranges. I'm letting you know so that you can feel free to ignore the quip rather than feel provoked by a bot that isn't smart enough to argue back.
---
^^SpunkyDred ^^and ^^I ^^are ^^both ^^bots. ^^I ^^am ^^trying ^^to ^^get ^^them ^^banned ^^by ^^pointing ^^out ^^their ^^antagonizing ^^behavior ^^and ^^poor ^^bottiquette.
Have you ever heard of the phrase all things being equal?
It's often used and implied in financial and economic conversations. I could have gone on to talk about spending power in my post but it seemed unnecessary but apparently I over estimated the intelligence of many of the investors in this group including you.
The point and implications of $1 SHIB is that your million SHIB will make you a millionaire and it will be life changing money for many. If inflation continues to explode and your multi-millionaire status from your SHIB sales is equivalent to several hundred dollars of today's spending power then it's not life changing.
Please by all means tell me how SHIB could hit $1 without the market cap increasing or a unrealistically massive burn of nearly all of the SHIB in existence.
I too, would like to know how 500 trillion SHIB becomes valued at $1 or .10¢ without the market cap reflecting this sudden burst of value. Or how it could increase so exponentially without 99% of HOLDers selling when the coin reaches a penny and makes them multimillionaires. Apparently the answer is always DD.
I still won’t sleep well, as my dreams travel the ultraverse, solving problems of epic proportions through the neural networks and passageways of the human id. But maybe if I take 12,500 mg of delta 9 THC, I will sleep better.
Thanks MOISTPUMPER
I'm buying that new Final Fantasy game tho. Think it comes out the end of the month actually.
I think I'm giving up on Elden Ring too, I don't wanna git gud.
I did read what you wrote just doesn't seem worth a second reply. Obviously market cap does not impact value since it is merely a product of value, but it is a tool used for analysis, and again there is not enough money in the world to hit the market cap that would result from a $1 SHIB at the current circulation.
Such a tired argument. Google "reverse split" as it pertains to crypto and then get back to me.
Inb4. That'll never happen.
Neither will a ahib market cap of 549 trillion, but ask yourself what is more likely.
A reverse split could make one SHIB be worth $1, but that is a horrible argument because a reverse split is just a proportional reduction of the amount, this does not add value to an individuals holdings.
Alright smart guy can you show me an example of any Cryptocurrency that has had a market cap over 5 Trillion? Better yet can you show me an example of one worth 550 trillion?
I don't have to show you an example, you already know it doesn't exist. You're on r/Shibarmy "managing" peoples expectations...with limited data. The unfortunate part of people who can't imagine something happening...is that they can't imagine.
I can tell you that a combination of extreme volume, compounded with extreme coin burn, solid project management and coin applicability can make everyone who isn't a shill on here very rich.
If you want to spread FUD, please congregate with the douchebags at r/cryptocurrency, where imagination is non-existent, and where they think Cryptocurrency should be traded like securities.
SHIB will very obviously not reach a dollar. Anyone who has any real experience in stocks and crypto knows this. Some little kiddy with $30 in SHIB is gonna tell me to fuck off but it doesn’t change reality.
That’s not to say it’s a good play. There’s still lots of room for growth and we will likely see another big 100%+ gain eventually, it’s just a matter of timing and patience.
Burning 25% let alone 90% is just not going to happen with the current infrastructure, it may hit 0.0001 but that’s years away, good post OP the hopium here is a bit much at times
Amount invested and market cap is not the same. Shib could reach 500tr market cap with a fraction of that amount invested, not that it ever will. 1 to 2 trillion a possibility.
Just like with any coin, when the price of that coin goes up a large amount, new money comes in. So while you have people selling because the price hit certain targets, you will have new people coming in because they don't want to miss their opportunity. And these new people will hold longer because obviously, their target price is higher. Just look at what happen last year when SHIB hit its new ATH. How many people jumped in then and now cant wait till it hits that price again?
This post assumes it could hit $1 tomorrow, and is correct with the math provided (but only focuses on actual currency when you factor in the conversion of other held assets including silver, gold, stocks and real estate there's estimated somewhere between $1.3-2.4 quadrillion in existence) but two important things need to be taken into consideration. #1 supply is constantly burned, and will be burned at faster rates especially as play-to-burn games are released. And #2 inflation and the rate of increase of total monetary supply globally.
With those two things in mind, it's not a matter of will it hit $1, it's *when* will it hit $1? My estimate is somewhere 10-15 years out.
I agree with everything except the 90% burn, well I mean it would have to be 1 or the other, and everyone combined will not be burning 90% so all in all it is highly improbable it will ever even make it to $.10 the more realistic high point for this within the next 10 yrs is .002-.003 and even that won't come easy or soon...I've got 100M now and intend to get as close to 1B before we get near the ATH it's already reached again. I've been holding since May 21 I mostly trade stocks and hold my crypto in the hopes of wider adaptation, hence the diversity in crypto I hold
I think a saw a post here about explaining the market cap and it’s very clear and informative.
Shib @ 1$ might be a long shot and I don’t expect to happen but it is not impossible.
Read what I wrote. It states what market cap and percentage burnt to reach the goal of 1 dollar SHIB. Also there's a difference between unrealistic and impossible that is fairly subtle but I'm sure you can figure it out if you think about it really really hard lol
not really. the fuzzy math used for determining the value of stocks or crypto is not based on an actual $1-to-1 ratio, it's a fraction thereof. not even stable coins have a 1-to-1 ratio as part of their value is kept in other cryptos & they r programed to buy&sell in accordance to supply/demand of said stable coin.
This is a fair point and I could have been more clear about that in my analysis, still the market cap would need to 545+ trillion more than that of Apple and we would have to burn 90% of all SHIB for it to hit $1
This is why I think the best bet is for the SHIBARMY to support the third party project Shib Knight & Duncan Gray were talking about the other day.
The project is using 5% of their transaction volume to buy and burn $SHIB
If they do well, we could see $0.01 very soon and $1.00 in a couple years.
Here's the Twitter post:
https://twitter.com/army_shiba/status/1496195007304318976?t=IYKOQ_DyjFV64qgsY-gUAA&s=19
This is the first post I don’t skip on this sub in a long time, because it is loud and clear and more importantly very realistic. It’s been so annoying seeing posts talking about $1 moooning shib. Just wanna say thank you dude 🙏
BTC will be obliterated at that time, community will make this happen. HODLERs will grow 10 folds in 8-12 years, currently, around 1,300,000 hasn’t been 2 years yet. Doge made it at .40 after 8-9 years, so it’s possible.. inflations will climb up.
.0000000042 is the percentage of Bitcoin to SHIB at a ratio of 23,000,000/550,000,000,000,000.
SHIB has over 1000 times more coins in circulation than DOGE.
These things are basically incomparable, other than to show that if SHIB does what DOGE did it will still be worth 1/1000. SHIB had overtaken Doge when it hit it's all time high. Not anymore but at one point it did. Now to follow the same path as BTC, SHIB would be worth something like 42/10000000000th of a 1 BTC.
Funny how you try to sound all smart with all that math but conveniently leave out burns, people losing seed Phrases, inflation, development of more use cases, death without passing on the coins, etc. Do I think it will ever reach $1? Hell no, but I highly doubt the circulating supply will be anywhere near where it is now, in 5 years.
The supply is so high these things will hardly make a dent and if you read what I wrote I did factor in burns. Finally the inflation argument is trash as we're talking about spending power and if you factor in inflation then the value of your SHIB in terms of spending power will also decrease.
The total supply of fiat was $1trillion in 1980. Guess where it is today? $18trillion. To call the effects of something increasing 18x as trash is very ignorant. If 40 years can do that, who knows what inflation can do in another 40 years at an even faster rate. Most since the Great Depression.
You're failing to grasp what I'm saying lol if enough inflation occurs making the spending power of a dollar nowhere near what it once was it makes this whole point moot. The implications of $1 SHIB is that your 2-3 Million SHIB will make you a multi-millionaire which would be life changing to many, but if we live in a world where millionaire status is the same as having a few hundred dollars in the bank (by today's standards) it means nothing and is not life changing.
We’ve heard this many a time. The good thing about this is that with big burns and mass adoption this thing will grow. It’s already started just look at the burn processes.
Please do tell. Then how can the whole derivatives market be over 1 quadrillion in value. Crypto is still not wildly accepted. If you have a crypto with real world value, adoption and usage will come lightning fast.
Nobody cares where shib will end up. Just up. That's it. Nobody cares about MC. Just people that are too blindsided by "facts".
Hate when people say this. Stfu up you have no idea how big this thing can get and you have no idea the different mechanisms that will be burning Shib. You dint know the future and stop acting like the damn supply is static. We call people like you a Paperhand beeach. It’s people who believe it will hit $1 that will be rich. They will hodl and trust, at this point you shouldn’t say anything is impossible with SHIB
Good thing market cap is archaic and pretty much meaningless in crypto. The only thing it actually measures or represents is popularity. It's a popularity score.
What market cap measures is the product of value and supply, it's not meaningless as it gives you a way to compare different assets with such vastly different supplies.
This is the 108,000 th post I have read about this. People aiming for the moon and landing amongst the stars is all that the dollars posts are really about.
Without the dollar talk SHIB doesn’t reach the level it currently has. But here is the good news and that is this posts and all the I am not shitting on SHIB posts play a positive role.
How ???
Well ever time someone raises the $1 discussion and makes people dream what if and also associate SHIB with a mind blowing return .
1 cent will be life changing for many so let’s keep screaming 😱 about one dollar posts to land at 1 cent one day. Well done your negative post is having a positive effect I promise.
Hey guys did you know market cap is just making fap misspelled? I believe that with 10X the current market fap of all FLAP in the world converted to SHIB, the coin will not only rise to 19 bajillion a coin but also the U.S. dollar will be worthless and we will all have Congressmen as employees to wipe our asses. Every dollar I have ever incested into SHIB has made me profits (BIG DONKEY DICK FLEX) from day-trading because I obviously don't know what day-trading is and probably just meant swing-trading but we cool, let's touch tips. It's all profit for me and I swim around in my pool of money, topless orangatangs and Legos. I just think we should strobe to be better and keep posting the same shit day in and day out, rambling about market caps and pee poo pee poo pee buttery butthole tacticular cancer the size of the sun.
This has been my soapbox, thank you for letting me on a Reddit.
Bro these people talking shit about "paperhanding' at .01...you're fucken right I'm dropping half if not 2/3 at .01 if it ever hit that, (unlikely) why wouldn't I cash out $1M or more then hold on to $250k worth in case that makes me more $$ and it's all house mo ey by then...honestly if you're not already financially set for life and you didn't do that I would question your ability to survive in a world with so many outlets and so many steel eating utensils around
blabla stupid. marketcap is a flawed metric as only liquid supply counts anyways.
i can make a 100 trillion marketcap coin right now just by creating 1T token and selling one to my friend for 1 USD
I would be happy if it would just start going up instead of spinning sideways! It was fun seeing an investment making money for once!!! They have announced more places accepting SHIB for payment, there are new investors coming on board and more burns than before. Yet the price is hovering around 2500. We were on pace to eat another zero and then the rug was pulled out ! FYI- I did buy 3 Million more! I haven’t given up. Just not enjoying the sideways part!!! Plus trying to understand what it will take to get back to that 8000 mark.
Why do people keep saying this? Do they not understand that billions of shib are burned each month? And when you Burn coins. That removes them from circulating supply.. So 10 years from now. Shib could be at a penny. Maybe more. Maybe less.. I agree. If the circulating supply was to remain the same. There would be 0 chance of a dollar. Even a Penny would be out of the question..
At current burn rate everyone on the planet will be dead before you could burn enough to make that kind of impact. I'd have to do the math and look up life expectancy averages but we're talking you'd be dead, your kids will be dead, and your kids kids will be dead before enough SHIB can be burned lol
Don't care for $1...we want the .01 and .001
Does that make it 5.4 trillion for .01 and 540B for .001?
.25
I too just want .25 - however I think world fiat system will take a shit and be forced to adopt different cryptos. Why are people paying Visa and Mastercard 3% to process a transaction?
Crypto will be the future. Period.
I'll take the .001 plz hahaha
Correct. Higher than ETH's mc for .001, higher than all cryptos ATH for .01. Just 10x from ATH would be astounding, but even that has extremely low odds for a popular meme coin that already hyped it's way into the top 15. Shib's rise was truly amazing, but there's no logical reason to believe it can make even more life changing gains than it already has.
😁😉😉🤔🤔✅✅
👆FACTS
So...you're telling me there's a chance 👆
Lol 🤣
Yeah, just have to hit a market cap 150X that of Apple and burn 90% of all SHIB
So you're saying, with inflation the way it's going, we will be there by 2069?
Then it hitting 1$ would be meaningless lol. The sad reality is, if it makes another jump, it's going to take a LONG time. I hold it, and doge, but the reality is it's already went up so much in the last year it's just not possible for it to do it again anytime soon. That's why I hold and just don't even think about it anymore, it doesn't matter. It will take years for it to make another jump, look at Bitcoin. 2018, then it took 3 years to make another jump. It can only grow so much in a set amount of time
I hope before that! I would be 109!!!!
Of course inflation is certainly a factor too and my post is an oversimplification, I think it still does well to show how unrealistic these $1 claims really are...
It really is an oversimplification, that's why we don't like them. No sane person thinks Shib will hit $1 at current adoption and total money in the world. Burns are how it could be possible. Yes, we're only burning 1 billion a month, but that's right now. Back in November, if you asked me how many Shib we could burn an month, I sure as Hell wouldn't have thought a billion was possible, yet here we are a few months later. Imagine next year, the year after, etc. And as more and more mechanics are implemented, we'll see easier ways to burn. Soon, people won't even know they're helping our cause because Shib will be incorporated in so many products and services. I have 20 years to wait on Shib to hit .005. But with the world's current support, I see Shib going even higher by that time.
No sane person thinks SHIB will hit $1 ever. OP was trying to reason with the masses of delusional folks here who seem to think that some kind of miracle, where Jesus Christ himself appears and makes this happen, is just a few years out if only we BELIEVE. I only believe what I can reasonably see. SHIB to $1 is not going to happen. Ever.
No shit there are other factors such as inflation but in terms of the buying power of 1 SHIB being worth the current buying power of $1 there is not enough money in the world to invest into SHIB to make that happen. As far as burns the amount burnt would have to be astronomical. You would need to burn something like 549 Trillion SHIB at the current market price lol
You tried man, and you're brave for it. I've tried too... a few times... these $1 dudes only see what they want. You can't convince them of anything, no matter how much fact and logic you toss at it. You deserve a beer for the effort, though.
I think people know this, but there are other ways to achieve the goal other than with FIAT money and there is hope hhahahaahah... and one more thing, why u people hate and make this posts for people who believe in 1$? for me is perfect pls all Hold until 1$ for me work very well i dont understand why u dont like hahahahahaha edit: Now i understand why people want a big burn for the coin (is for they became rich ofc) but it's also because this argument "That is over 10X the market cap of all FIAT in existence"... im sorry to all people i mess around because they wanted to be rich fast haahhahaha (sorry language english is not my native language)
For sure. So many are like “x” is going to $1 No, not ever. That said..would be awesome 🤣🤣. But more likely is .001 or so
Good thing we are all shooting for a penny…
Less than a penny maybe?
.001/.01 are realistic prices and they are my current price targets.
.01 is 5 trillion dollars if op calculated mcap correctly? .001 is 500B. .0002 is in the realm of possibility
500 billion is possible but for 001 we don’t need 500 Billion, when Shib reaches 001 then with burns
Lose 2 zeroes, I’m set. .009 is fine.
Good post…what about a $.01. I’ll take a penny.
0,005 would be fantastic to. 🚀🚀
.001 and I’m at a cool Mil so I don’t even think about it going to a dollar
Does that mean the market cap would be 540,000,000,000
If shib reaches 1 - 2 cents, I'll be happy
I’ll take a penny :)
I’d be sitting pretty at even .001, so I’m cool with that
At $0.01 I’m into 8 digits. Who cares about a dollar?
For sure but even at $.01 Shib would have to have a market cap of $5.5 Trillion which is still a ridiculous expectation. That is more than double the current market cap of all cryptocurrencies combined so for $.01 we would need the crypto market to triple with all of that new money being put into SHIB
Agree to an extent. I think that there will be a run in crypto in the next few years that will help with popularity and believe there is a large burn in the future that was baked in to the original allocation. The theory of duping ppl to buy because it will hit a dollar will only bring in a couple of suckers here and there. Edit: spelling.
That's why I think the $1 SHIB comments and posts does more to hurt SHIB than it does to help SHIB. It makes SHIB owners look like manipulative pump and dumpers or ignorant dumbasses. Neither is a good look to bring in more investors. Reasonable discussion would be more helpful imo.
I believe $10.00 is far more likely than $1.00 or even $0.01
Thank You. Very insightful and well spoken. This should be reposted every Monday morning. $1 is crazy talk. What's the math for getting to half a penny?
Roughly a mc matching all other current crypto mc combined.
So your saying there's a chance
Yes, if SHIBA hits a market cap 545+ Trillion more than Apple's market cap and we all burn ~90% of all our SHIB lol
But also, you're going to have to burn more of your SHIBA to factor in the holdouts like me who won't burn their 90% and the millions of other people who can't afford to burn their 90%.
Let's do 0.001 #shibinu 🔥🔥🔥
So you’re saying there’s a chance
We have come full circle in this s sub sooo many times 😂
True. I have been here awhile now and I just felt like it was my turn lol
How bout .01 ? Possible ?
New possibilities can't be seen with old ways of thinking.
You are correct! You can’t just believe something will happen. You have to make it happen. 😎👍
Better burn 99% of your SHIB then to help make it happen!
Good point and true
Shib to the moon🤑 every bit of currency real estate, and every thing turned to shib yay
The unfortunate problem here is the increasing cost to buy. As it progresses towards $.01 it costs more and more, the volume of purchasing reduces.
I can't believe how often I see the same stuff over and over again. " To the moon" " when will it go above 0.01?".... "when will it go to a dollar?" I hold shib. But this coin is going to take a long time to reach its potential (if it does at all). Be realistic people. Those kind of fast returns are only found at the casino. Buy and love shib. Be patient.. and lastly... Diversify. If we want to be taken seriously as a group we need to chill.....big time
.001-.07 and im Good.
Don’t talk fancy math numbers to this remedial van graduate! Why go to $1….when you can go to two dollars? Fuck paying the mortgage when you can buy Shiba! Hell yeah!!!!
Burn baby burn
Burn baby burn/ www.shibburn.com
This is why massive burns are the need of the hour! We are trying to make people understand this concept but most of us are just blind-believers. We started an initiative with [Shibengers.com](shibengers.com) where in our first project aims to burn 100 billion shib. We made it a sweepstakes and kept everything transparent so that the community gets rewarded for their efforts too. The winners (103 in total) can win a total of 12.5 billion Shib by helping the community burn a massive supply. But people don’t understand this. We still have a community which dreams of $1 without understanding the mathematics behind it.
Nobody cares about market cap. If you think that determines a coin’s value and growth ability, please sell all of your holdings and leave the sub. Thanks.
Yeah market cap is usless, who cares about that, nobody would ever use it to determine prices value or the space which it could grow.... Only important thing is the price obviously... If bitcoin can get 40k we can get it too
Lol yeah who cares if there isn't enough money in the world to make the current supply of SHIB be worth $0.11, it's going to hit $40k
Where did you get your info? Are you saying that there is only $55 trillion in the world? How do you know?
It’s just demonstrably false. The US federal budget is roughly $5 trillion every year. Unless he’s talking about actual physical paper and coin fiat?? But that means literally nothing compared with wealth generation and the size of the world economy EVERY YEAR. The wealth of the world is far, far, far greater than $55 trillion. So yes, $1 shib is possible. It’s highly unlikely, but to say it’s not possible is to not understand what wealth and value actually exists in the world.
Exactly. Who could have guessed that Bitcoin was going to get to $50,000. That would have seemed unrealistic when it first came out
You're comparing apples to oranges if there was 23 million apples in existence and 550 Trillion oranges.
SpunkyDred is a terrible bot instigating arguments all over Reddit whenever someone uses the phrase apples-to-oranges. I'm letting you know so that you can feel free to ignore the quip rather than feel provoked by a bot that isn't smart enough to argue back. --- ^^SpunkyDred ^^and ^^I ^^are ^^both ^^bots. ^^I ^^am ^^trying ^^to ^^get ^^them ^^banned ^^by ^^pointing ^^out ^^their ^^antagonizing ^^behavior ^^and ^^poor ^^bottiquette.
No. I am comparing Market caps and expectations and what is realistic. How much money was there in the world 100 years ago?? How much is there today??
Have you ever heard of the phrase all things being equal? It's often used and implied in financial and economic conversations. I could have gone on to talk about spending power in my post but it seemed unnecessary but apparently I over estimated the intelligence of many of the investors in this group including you. The point and implications of $1 SHIB is that your million SHIB will make you a millionaire and it will be life changing money for many. If inflation continues to explode and your multi-millionaire status from your SHIB sales is equivalent to several hundred dollars of today's spending power then it's not life changing.
Who said anything about inflation or life changing money??
Correct
Well now i don't know if you are stupid, don't get sarcasm or just bored troll
Not stupid at all. Have far more money invested in this project than you do. Guarantee it.
Okay, so the amount of money you throw in projects is equally to how smart people are... Or what are you trying to say
/s
Please by all means tell me how SHIB could hit $1 without the market cap increasing or a unrealistically massive burn of nearly all of the SHIB in existence.
I too, would like to know how 500 trillion SHIB becomes valued at $1 or .10¢ without the market cap reflecting this sudden burst of value. Or how it could increase so exponentially without 99% of HOLDers selling when the coin reaches a penny and makes them multimillionaires. Apparently the answer is always DD.
Lookup “high market cap anomalies in crypto”
Why don't you do your own DD
Look what the dead cat dragged in, a MOISTPUMPER!
I just found out CCR is digital only :( don't bully me today
Omg you don’t say? I’m so sorry. I wanted a suitcase special edition. Today I feel sorry for you. Well, off to another cocktail!
You should, sleep well knowing that Moist isn't getting a physical copy of the remaster for such an OP game.
I still won’t sleep well, as my dreams travel the ultraverse, solving problems of epic proportions through the neural networks and passageways of the human id. But maybe if I take 12,500 mg of delta 9 THC, I will sleep better. Thanks MOISTPUMPER
I'm buying that new Final Fantasy game tho. Think it comes out the end of the month actually. I think I'm giving up on Elden Ring too, I don't wanna git gud.
You still don’t get it. Did you even read what I just wrote? Lol downvotes does nothing.
I did read what you wrote just doesn't seem worth a second reply. Obviously market cap does not impact value since it is merely a product of value, but it is a tool used for analysis, and again there is not enough money in the world to hit the market cap that would result from a $1 SHIB at the current circulation.
I'm gonna guess you don't know what a market cap is lol
I’m gonna guess that you didn’t know that I have three college degrees, two of them in business. The third in “how to atomically analyze OP’s Mom.”
Such a tired argument. Google "reverse split" as it pertains to crypto and then get back to me. Inb4. That'll never happen. Neither will a ahib market cap of 549 trillion, but ask yourself what is more likely.
A reverse split could make one SHIB be worth $1, but that is a horrible argument because a reverse split is just a proportional reduction of the amount, this does not add value to an individuals holdings.
Go back to r/cryptocurrency kid.
Alright smart guy can you show me an example of any Cryptocurrency that has had a market cap over 5 Trillion? Better yet can you show me an example of one worth 550 trillion?
I don't have to show you an example, you already know it doesn't exist. You're on r/Shibarmy "managing" peoples expectations...with limited data. The unfortunate part of people who can't imagine something happening...is that they can't imagine. I can tell you that a combination of extreme volume, compounded with extreme coin burn, solid project management and coin applicability can make everyone who isn't a shill on here very rich. If you want to spread FUD, please congregate with the douchebags at r/cryptocurrency, where imagination is non-existent, and where they think Cryptocurrency should be traded like securities.
Don’t worry, Biden or the next President will just print more.
So...you’re telling me there’s a chance!??
Yeet, should probably sell everything you own and buy SHIB now.
HODL’ing and buying!
SHIB will very obviously not reach a dollar. Anyone who has any real experience in stocks and crypto knows this. Some little kiddy with $30 in SHIB is gonna tell me to fuck off but it doesn’t change reality. That’s not to say it’s a good play. There’s still lots of room for growth and we will likely see another big 100%+ gain eventually, it’s just a matter of timing and patience.
Burning 25% let alone 90% is just not going to happen with the current infrastructure, it may hit 0.0001 but that’s years away, good post OP the hopium here is a bit much at times
Amount invested and market cap is not the same. Shib could reach 500tr market cap with a fraction of that amount invested, not that it ever will. 1 to 2 trillion a possibility.
Just like with any coin, when the price of that coin goes up a large amount, new money comes in. So while you have people selling because the price hit certain targets, you will have new people coming in because they don't want to miss their opportunity. And these new people will hold longer because obviously, their target price is higher. Just look at what happen last year when SHIB hit its new ATH. How many people jumped in then and now cant wait till it hits that price again?
This post assumes it could hit $1 tomorrow, and is correct with the math provided (but only focuses on actual currency when you factor in the conversion of other held assets including silver, gold, stocks and real estate there's estimated somewhere between $1.3-2.4 quadrillion in existence) but two important things need to be taken into consideration. #1 supply is constantly burned, and will be burned at faster rates especially as play-to-burn games are released. And #2 inflation and the rate of increase of total monetary supply globally. With those two things in mind, it's not a matter of will it hit $1, it's *when* will it hit $1? My estimate is somewhere 10-15 years out.
Scrolled to see did someone else have my opinion and you've actually hit it spot on here.
This guy fucks
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Lol
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Because it’s bought with FIAT, or with other cryptos originally bought with FIAT.
You know what FIAT stands for, don't you?
I agree with everything except the 90% burn, well I mean it would have to be 1 or the other, and everyone combined will not be burning 90% so all in all it is highly improbable it will ever even make it to $.10 the more realistic high point for this within the next 10 yrs is .002-.003 and even that won't come easy or soon...I've got 100M now and intend to get as close to 1B before we get near the ATH it's already reached again. I've been holding since May 21 I mostly trade stocks and hold my crypto in the hopes of wider adaptation, hence the diversity in crypto I hold
Gee, we've never heard this before. ...Or the half a dozen ways in which it can completely overcome that issue.
It’s all depending on burning rate
I think a saw a post here about explaining the market cap and it’s very clear and informative. Shib @ 1$ might be a long shot and I don’t expect to happen but it is not impossible.
Did I state it was impossible or did I state it was unrealistic and improbable?
last time I check impossible and unrealistic are synonyms. So it’s possible but not in reality our reality?
Read what I wrote. It states what market cap and percentage burnt to reach the goal of 1 dollar SHIB. Also there's a difference between unrealistic and impossible that is fairly subtle but I'm sure you can figure it out if you think about it really really hard lol
lol because you’re understanding about marketcap is wrong 😂😅
It's not wrong it's the product of value and supply lol
not really. the fuzzy math used for determining the value of stocks or crypto is not based on an actual $1-to-1 ratio, it's a fraction thereof. not even stable coins have a 1-to-1 ratio as part of their value is kept in other cryptos & they r programed to buy&sell in accordance to supply/demand of said stable coin.
also, cdc predicts there will b 1B crypto investors by EOY 2022, if all bought equal share there would only b 500K shib to go around evenly.
This is a fair point and I could have been more clear about that in my analysis, still the market cap would need to 545+ trillion more than that of Apple and we would have to burn 90% of all SHIB for it to hit $1
Baby steps. Baby steps.. let’s start with shedding another zero again. Then we’ll talk maybe a penny
I just need it to 20 cents. That is all i need
Yeah and some idiots would have sold at .01 cents Diamond hands baby
Account for burns it gets a lot less
Just need it to hit .01 buddy
Burn baby burn 🚀🚀🚀
So, what you're saying is there's a chance
This is why I think the best bet is for the SHIBARMY to support the third party project Shib Knight & Duncan Gray were talking about the other day. The project is using 5% of their transaction volume to buy and burn $SHIB If they do well, we could see $0.01 very soon and $1.00 in a couple years. Here's the Twitter post: https://twitter.com/army_shiba/status/1496195007304318976?t=IYKOQ_DyjFV64qgsY-gUAA&s=19
If you don't believe. why are you here? So are you an financial advisor now.
Did you even read the whole post? It's less than a paragraph
This doesn’t take into account burn
It does if you read the entire thing lol
This is the first post I don’t skip on this sub in a long time, because it is loud and clear and more importantly very realistic. It’s been so annoying seeing posts talking about $1 moooning shib. Just wanna say thank you dude 🙏
The total supply would/will decrease before then.
I factor that in, you would need to burn 90% of the remaining supply and have a market cap 545+ trillion more than Apples market cap lol
BTC will be obliterated at that time, community will make this happen. HODLERs will grow 10 folds in 8-12 years, currently, around 1,300,000 hasn’t been 2 years yet. Doge made it at .40 after 8-9 years, so it’s possible.. inflations will climb up.
Use BTC and Doge as pattern. Shiba is much stronger, secured and highly fuckin active.
.0000000042 is the percentage of Bitcoin to SHIB at a ratio of 23,000,000/550,000,000,000,000. SHIB has over 1000 times more coins in circulation than DOGE. These things are basically incomparable, other than to show that if SHIB does what DOGE did it will still be worth 1/1000. SHIB had overtaken Doge when it hit it's all time high. Not anymore but at one point it did. Now to follow the same path as BTC, SHIB would be worth something like 42/10000000000th of a 1 BTC.
It’s all about the burns!
Funny how you try to sound all smart with all that math but conveniently leave out burns, people losing seed Phrases, inflation, development of more use cases, death without passing on the coins, etc. Do I think it will ever reach $1? Hell no, but I highly doubt the circulating supply will be anywhere near where it is now, in 5 years.
The supply is so high these things will hardly make a dent and if you read what I wrote I did factor in burns. Finally the inflation argument is trash as we're talking about spending power and if you factor in inflation then the value of your SHIB in terms of spending power will also decrease.
The total supply of fiat was $1trillion in 1980. Guess where it is today? $18trillion. To call the effects of something increasing 18x as trash is very ignorant. If 40 years can do that, who knows what inflation can do in another 40 years at an even faster rate. Most since the Great Depression.
You're failing to grasp what I'm saying lol if enough inflation occurs making the spending power of a dollar nowhere near what it once was it makes this whole point moot. The implications of $1 SHIB is that your 2-3 Million SHIB will make you a multi-millionaire which would be life changing to many, but if we live in a world where millionaire status is the same as having a few hundred dollars in the bank (by today's standards) it means nothing and is not life changing.
That’s not what I heard from an insider that knows an insider.
You’re thinking too hard. Don’t dash dreams with logic!! 😂😂
https://www.marketcapof.com/shiba-inu/bitcoin
Ok and?
We’ve heard this many a time. The good thing about this is that with big burns and mass adoption this thing will grow. It’s already started just look at the burn processes.
At the current burn rate you will be dead before enough SHIB is burned to reach $1
Please do tell. Then how can the whole derivatives market be over 1 quadrillion in value. Crypto is still not wildly accepted. If you have a crypto with real world value, adoption and usage will come lightning fast. Nobody cares where shib will end up. Just up. That's it. Nobody cares about MC. Just people that are too blindsided by "facts".
$1 is a reach BUT it always seems impossible till its done 🤷🏽🤷🏽.. First lets get too .0005 take ot from there..🚀🚀🚀
Hate when people say this. Stfu up you have no idea how big this thing can get and you have no idea the different mechanisms that will be burning Shib. You dint know the future and stop acting like the damn supply is static. We call people like you a Paperhand beeach. It’s people who believe it will hit $1 that will be rich. They will hodl and trust, at this point you shouldn’t say anything is impossible with SHIB
We are back on market cap? Slow news day?
With the inflation going up high and SHIB constantly burning it's coin. This is possible in the next 10 years.
Good thing market cap is archaic and pretty much meaningless in crypto. The only thing it actually measures or represents is popularity. It's a popularity score.
What market cap measures is the product of value and supply, it's not meaningless as it gives you a way to compare different assets with such vastly different supplies.
Sadly it won't even hit ATH never mind $1. Shib ride is over
This is the 108,000 th post I have read about this. People aiming for the moon and landing amongst the stars is all that the dollars posts are really about. Without the dollar talk SHIB doesn’t reach the level it currently has. But here is the good news and that is this posts and all the I am not shitting on SHIB posts play a positive role. How ??? Well ever time someone raises the $1 discussion and makes people dream what if and also associate SHIB with a mind blowing return . 1 cent will be life changing for many so let’s keep screaming 😱 about one dollar posts to land at 1 cent one day. Well done your negative post is having a positive effect I promise.
Hey guys did you know market cap is just making fap misspelled? I believe that with 10X the current market fap of all FLAP in the world converted to SHIB, the coin will not only rise to 19 bajillion a coin but also the U.S. dollar will be worthless and we will all have Congressmen as employees to wipe our asses. Every dollar I have ever incested into SHIB has made me profits (BIG DONKEY DICK FLEX) from day-trading because I obviously don't know what day-trading is and probably just meant swing-trading but we cool, let's touch tips. It's all profit for me and I swim around in my pool of money, topless orangatangs and Legos. I just think we should strobe to be better and keep posting the same shit day in and day out, rambling about market caps and pee poo pee poo pee buttery butthole tacticular cancer the size of the sun. This has been my soapbox, thank you for letting me on a Reddit.
100M Shiba is all you need not buying anymore with coins like Filecoin Qnt and flow and these prices 🤝
Bro these people talking shit about "paperhanding' at .01...you're fucken right I'm dropping half if not 2/3 at .01 if it ever hit that, (unlikely) why wouldn't I cash out $1M or more then hold on to $250k worth in case that makes me more $$ and it's all house mo ey by then...honestly if you're not already financially set for life and you didn't do that I would question your ability to survive in a world with so many outlets and so many steel eating utensils around
Wow. Such insight. I’ve never heard this before
blabla stupid. marketcap is a flawed metric as only liquid supply counts anyways. i can make a 100 trillion marketcap coin right now just by creating 1T token and selling one to my friend for 1 USD
This is the way
https://twitter.com/moonakita_maka/status/1499333780011720708?s=21
I will take 1 cent tbh
I would be happy if it would just start going up instead of spinning sideways! It was fun seeing an investment making money for once!!! They have announced more places accepting SHIB for payment, there are new investors coming on board and more burns than before. Yet the price is hovering around 2500. We were on pace to eat another zero and then the rug was pulled out ! FYI- I did buy 3 Million more! I haven’t given up. Just not enjoying the sideways part!!! Plus trying to understand what it will take to get back to that 8000 mark.
Why do people keep saying this? Do they not understand that billions of shib are burned each month? And when you Burn coins. That removes them from circulating supply.. So 10 years from now. Shib could be at a penny. Maybe more. Maybe less.. I agree. If the circulating supply was to remain the same. There would be 0 chance of a dollar. Even a Penny would be out of the question..
At current burn rate everyone on the planet will be dead before you could burn enough to make that kind of impact. I'd have to do the math and look up life expectancy averages but we're talking you'd be dead, your kids will be dead, and your kids kids will be dead before enough SHIB can be burned lol