Is shib illegal?

Ⅰ Are there people who make hundreds of millions of dollars with SHIB?

Yes, SHIB has risen sharply, and many people have made a lot of money. About a year ago, someone bought shitcoins for $8,000, which is $5.7 billion today.

Ⅱ Can Huobi buy shib?

Consultation record · Answered on 2021-04-21

Ⅲ SHIB has risen by more than 60%, and the price has reached a new high. Can you still buy SHIB?

A while ago, the currency circle became popular in China, and Dogecoin rose and fell sharply in China. Happy and sad. Dogecoin has skyrocketed since Tesla President Elon Musk posted on social media on May 7 that I am looking for a Shiba Inu copy. The increase once exceeded 60%. During this period, many people leveraged tens of thousands or even hundreds of thousands of profits with very little principal, and made a lot of money. But with the last American talk show on Saturday Night Live, Musk took the initiative to admit that Dogecoin was a scam, just a joke he made, and the value of Dogecoin plummeted after that. 34%. It is also because Elon Musk’s copy that he wants to raise a Shiba Inu has caused the SHIB, which sounds similar to Shiba Inu, to skyrocket several times. Now that SHIB has risen by more than 60%, and the price has reached a new high, is it still possible to buy SHIB now? My personal opinion is that it is not appropriate to buy a large amount of SHIB now, mainly for the following reasons.

1. The transaction of virtual currency is inherently uncertain, so it is very irrational to buy a large amount of virtual currency

The transaction of virtual currency itself has certain uncertainties, so at this time a large number of It is not very wise to buy virtual currency. If someone releases some bad news after buying a large amount of virtual currency, it will lose a lot of money.

IV shib currency can rise after the latest news plummets?

There is no investment value, but it will rise.
Two reasons
1. Because the SHIB project party entrusted the Shiba Inu coin to Buterin for operation, and discarded half of the SHIB’s private key.
2. The psychology of retail investors, because of the myth of Bitcoin and Musk’s hype of Dogecoin, many retail investors will think that this coin is cheap and will be the next Bitcoin. Buying a few hundred dollars, a few thousand dollars, or tens of thousands of dollars is very normal. So the user group is extremely broad.
To sum up, the dealers behind it are very powerful, and the popularity of retail investors is very high. Therefore, SHIB will definitely rise to a whole new level in the next two years. As for the 0.1 US dollars, this is a bit unrealistic, with a circulation of 10 trillion. It is still very possible to reach $0.01 in Mad Cow.
For some project-supported currencies, such as Polkadot. In fact, I personally am not very optimistic, these are actually a concept, a white paper, a little bit of misappropriation. When some practical tests of the project are slowly implemented, the value of the coin will also increase accordingly, but this is all with great uncertainty and high technical content. If the project is shelved, fails, and cannot be carried out, it is a piece of chicken feathers.
For the currency circle, there is no investment value, only speculation value. So I went back to some basic techniques of the stock market, that is, combining market news and market trends to judge the behavior of the dealers behind.
In short, the four words are: follow the trend
The most commonly used and most practical technical indicator is macd.
The perfect combination of trends and shocks
Expanded information:
First of all, a brief introduction to shib coins. Shib, a virtual currency, was born in August 2020 with a circulation of 1,000 trillion. As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1,200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.
Is it possible for shib coin to rise to $1?
The time is updated to June 27, and the latest price of shib coin is $0.0000092. It is understood that the price of Shiba Inu coin has risen dozens of times because of Musk’s tweet, but the price is still relatively low now.
Some experts have analyzed that because the virtual currency is now favored by many people, the price of shib currency may continue to rise, rising to more than 1 US dollar next year.
How many shib coins are issued
1. The total amount of Shib is 1000 trillion, half of which is 500 trillion, which was directly called to V God. Equivalent to (or hope for) half of the Shib will be destroyed forever and will return to zero forever;
2. The total amount of SHIB is one trillion, one trillion 1,000,000,000,000,000 The number of zeros is too many to see;
3. The initial price of SHIB is: 0.000, 000, 000, 0001 is a pile of zeros again.

Ⅳ shib fell sharply, have you ever bought virtual currency?

I have, and this time SHIB is listed on an exchange when, I also participated.

For those who don’t pay attention to virtual currency, the virtual currency SHIB may be a bit unfamiliar, because it is originally an altcoin, which is an air currency imitated from Dogecoin. This time I also invested in SHIB. The account originally had some floating profit, but later there was a small loss due to the failure to stop the profit in time.

Let me talk about the slump of SHIB first.

Around May 12, SHIB was listed on an exchange. Originally, the price of SHIB was around 0.000009. On the day of listing on the exchange, it rose to 0.00038 in just a few hours. Some people who bought earlier may have doubled about 40 times. For those who bought later or even chased high, they may be miserable. Some people even bought at a high of 0.00038. In the short term, these people’s accounts can lose at least 20% or more.

Can VI shib become a mainstream currency in the next three years?

No.

It should be noted that shib has no core consensus, not even the underlying construction fund pool, loan, database, exchange mechanism, etc. of the basic cryptocurrency. It is only based on the Ethereum chain. A kind of token, this kind of currency can only be short-lived, and everyone still needs to be cautious when investing.

SHIB is also known as DOGECOIN KILLER (Dogecoin Killer).

From the perspective of the token mechanism, unlike Dogecoin, SHIB has an issuance cap and a destruction mechanism. SHIB is issued based on Ethereum, and will be launched on ShibaSwap at the end of April. Compared with Dogecoin, which can only be used in application scenarios such as Twitter and Reddit rewards, SHIB can be better applied to the blockchain ecosystem of Ethereum. However, the launch time of SHIB is short, and the circulation is not sufficient, and it still needs time to test.

Can VII shib rise to $0.1?

How much shib coin can rise in the future is really hard to say, it is difficult to judge the future value, but many people I think it can be owned for a long time. At present, shib coins can still be traded, and many trading platforms can buy them.

shib is a zero-elimination test campaign, and continues to work hard. The greater the consensus, the greater the user base, and the greater its value. Starting from the current price of 0.0000018$, shib will at least disappear. Drop two zeros and increase a hundredfold.

1. Since the SHIB project party entrusted the Shiba Inu coin to Buterin for operation, and discarded half of the SHIB’s private key.

2. The psychology of retail investors, because of the myth of Bitcoin and Musk’s hype of Dogecoin, many retail investors will think that this coin is cheap and will be the next Bitcoin. Buying a few hundred dollars, a few thousand dollars, or tens of thousands of dollars is very normal. So the user group is extremely broad.

In summary, the dealers behind it are very powerful, and the popularity of retail investors is very high. Therefore, SHIB will definitely rise to a whole new level in the next two years. As for the 0.1 US dollars, this is a bit unrealistic, with a circulation of 10 trillion. It is still very possible to reach $0.01 in Mad Cow.

Ⅷ “Will SHIB be the next Dogecoin?” aroused heated discussions. Is SHIB also a virtual digital currency?

SHIB’s explosion also makes every Personally feel very shocked, he is also the next Dogecoin, and it is also a virtual digital currency, but this digital currency is not regulated in China, and there is no threshold, so There is a possibility of zero at any time, we must be cautious when investing.

Three, join the physical industry

We also believe that more and more people will promote this matter. In fact, at this stage, the current stage is a bull market for Bitcoin. As for whether SHIB will become the next Dogecoin, it is still very imaginative. We also hope that more and more people can actively invest in the real industry, because we all know that if a country wants to develop, the real industry must bear the brunt. I hope everyone can cherish their hard-earned money, To safeguard the revitalization of our motherland.

IX What is shib coin? Does the project have a destruction mechanism?

SHIB is an experiment in decentralized spontaneous community construction. There is no destruction mechanism for shib, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will become less and less, and the project party believes that shib has a chance to reach 0.1 USD. of.

Shib, a virtual currency, was born in August 2020 with a circulation of 1,000 trillion.

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.

Development history

In August 2020, Shiba Inu coin was born with a circulation of 1,000 trillion.

May 7, 2021On the day, Tesla’s independent director and former chief investment officer of Japan’s pension fund Mizuno Hiromichi said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat their Shiba Inu pet dogs like this.” Elon Musk responded immediately. : “I’m looking for a Shiba Inu (coin)!”

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day.

On May 10, 2021, according to foreign media reports, the Shiba Inu coin, a virtual currency after Dogecoin, entered people’s field of vision. In just 2 days, the Shiba Inu coin has gone from a cheap altcoin to the top cryptocurrency in the world.

May 13, 2021 Buterin donated 50 trillion SHIB tokens (about 1.2 billion US dollars) to India’s new crown virus relief fund.

On May 17, 2021, Vitalik Buterin, the founder of Ethereum, destroyed 45% of the Shiba Inu coin.

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