저자: Kevin · 외국인
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비트코인 상승 흐름 속에서 기존 코인을 매도 후 재매수해 평단을 낮췄다고 설명. 스테이블코인 리스크 우려는 제기하나 2022년을 크립토의 해로 전망. 최근 주요 은행들의 크립토 서비스 확대를 근거로 제시. 시바이누는 일론 머스크의 강아지 사진 트윗 이후 모멘텀으로 급등했다고 분석하며, 기술적·펀더멘털 분석보다 트렌드 모멘텀에 기반한 투기라고 스스로 규정. 본인이 6.9만 달러를 투자했다고 밝힘.
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rypto and she did i invest in shiba inu if i did why did i invest what's my strategy how much should i invest what the heck is going on kevin all right folks look bitcoins up over eight percent of the last 24 hours we're up over 30 in the last week alone in crypto this is no surprise because about two weeks ago i sold all of my cryptocurrency i sold my cardano my ethereum and my bitcoin actually was probably at this point almost three weeks ago but i'm not exactly sure anyway i sold it right as the evergrand crisis was starting to brew that's because even though china has banned financial transactions in cryptocurrencies in china i know there are a lot of hodlers in china and when there's financial pain in china i know that cryptocurrency is going to go down so i was able to lower my cost basis and all of the cryptos i was investing in by about 10 add more into the cryptocurrencies that i was investing in bitcoin ethereum cardano rebalance a little bit and now i'm more exposed to crypto at a lower cost basis than i was before this was just me trading though obviously trades could have gone the opposite direction now i traded to lower my cost basis but just because i had sold and then re-bought doesn't mean i've lost any faith in crypto even though i think there are potential issues outstanding stable coins being won i was the first youtube channel to make a video about the potential risk factors of stable coins all the way back in january of this year uh first time we really started looking at stable coins is wait a minute there could be a real potential debt issue here of course we can always compare that to the financial markets and see lots of debt there as well or china but anyway i believe and strongly believe this that 2022 is going to be the year of crypto just take a look at some of the things that just happened this week on monday bank of america published cryptocurrency and digital asset focused research stating quote the digital asset universe is too large to ignore on tuesday us bancorp stated they had launched a quote cryptocurrency custody service for institutional investment managers who have private funds in the u.s and cayman islands that's where the rich people are or at least that's where their money is on tuesday gary gensler said he has no plans to ban cryptocurrency a ban would be up to congress which that's not going to happen because that's not what the people want not necessarily suggesting that congress literally does what the people want congress is not so but anyway we'll save that for a different video and uh at the same time as we're saying stocks fall due to fears over higher rates and longer lasting inflation more persistent inflation i still think inflation is going to go down i still think whether it's next months two months from now or six months from now or a year from now is going to be a short-term negative catalyst for crypto right now it's a positive catalyst for crypto especially with a debt ceiling debate although crypto went up after the debt ceiling got raised which was also kind of interesting uh i guess it just potentially signifies more uh open-ended borrowing but anyway you also uh had uh people like jim cramer who paper-handed crypto back at 29 000 when bitcoin was at 29 000 just a few months ago now say that the way janet yellen talks about the us dollar is basically a reason to buy crypto alone because maybe bitcoin is worth more than the u.s dollar but anyway uh you've also this goes on okay it's great get just some important things to note and i don't want to get into sheep in july business insider reported that jp morgan became the first u.s bank to give its financial advisors the green light to give all wealth management clients access to cryptocurrency funds in august reuters reported that citigroup is considering offering bitcoin futures trading for some institutional clients lots of other banks already offer bitcoin futures and bank of america is right on when they say that uh ultimately uh this is something that we can't ignore so so we're seeing a lot of good positivity around a crypto specifically bitcoin and ethereum and in my opinion that sort of gives way to not just things like a future etf of various different cryptocurrencies maybe ethereum etfs ethereum's doing well in the last 24 hours cardano not doing so great in the last about week mostly because i believe there was a lot of trade or momentum that went in uh right before the alonso hard fork which would have enabled heart which did enable uh smart contracts on the cardano ada network and uh i think a lot of traders have sort of pulled out of that and moved on to other things that's normal i think three dollars was a little high i wasn't buying it three dollars anyway but anyway uh this all gives rise especially the ethereum talk and cardano talk to shiba inu obviously a couple days ago actually it was uh the evening of october 3rd so at this point that would be three days ago elon musk tweeted a picture of his dog named floki which is a shiba inu dog or or that's that's literally the name of the dog and the inspiration for ushiba inu was obviously dogecoin because dogecoin was made as a joke coin which became incredibly popular the logo or the icon of the doge coin the actual coin the logo is a shiba inu dog and elon musk tweeting that picture literally led to this insane trending movement of sheba in you it is at this point pure momentum but it is getting a lot of people extremely interested in the functionality of sheba in you compared to dogecoin just for reference shiba inu right now at the time of this recording has about one third of the market cap of dogecoin dogecoin sits on the bitcoin network its current uh market cap for a dogecoin is about 32.3 billion dollars and shiba inu oh it's moved up since i started recording this is now at 12.8 so slightly less than three uh 3x at this point but shiba inu is not built on the bitcoin network it is or an offshoot of the bitcoin network uh it is built on the ethereum network which enables smart contracts uh which dogecoin does not currently do and transaction fees have been notoriously complained about being a little bit too high on dogecoin now since elon musk's dog who which is a shiba inu dog is named floki there's also a cryptocurrency floki that's going nuts but most of the trends right now seem to be heavily focused on shiba inu we've been trending on twitter ashib sheba army sheba wallet so we've been training multiple times for two days in a row now we're i don't personally believe we're at peak media yet either we got mentions in bloomberg today and the wall street journal but we have not been mentioned yet in the more mainstream style like fox news and cnn which usually once you start trending on the front page of those websites you're kind of like okay now we're going to like dogecoin style peak media right and i want to give you a little bit of background about shiba inu and then i'm going to tell you whether or not i invested so chiba inu is up substantially just over the last week i think the easiest thing here to really do is simplify the way we talk about its price so even though what i'm going to say is incorrect just roll with me for the sake of making the video here and it's going to make sense in terms of why i'm doing this i'm going to call this 34.3 cents even though it's .000 whatever now it's 30.8 whatever right we're going to call it 30 cents just for the sake of being able to sort of see what the heck is happening here in fact wow we literally just saw that update happen right in front of us so anyway you've seen this incredible run up here this is just the day chart folks we went from 21 cents to a high now of 34 cents just dropped to about 31.
we go back to the past seven days uh we have gone from uh we're presently around 31 cents we're gonna call it's not 31 cents but you're with me on this uh we were sitting at a shelf at 27 cents sat at a shelf at 23 cents sat around 18 cents i want to make sure i'm not missing a decimal place here i'm not so decimal place move is very important we sat around and ran up to 18 cents on the 5th 13th cents on the 4th and elon musk's tweet came out right around 6 50 p.m right around here while it was around 8.2 cents so we've gone from 8.2 cents to 14 to 18 to 22 to 24 to 29 to now sitting around 31.
highly volatile extremely risky it's moving folks because elon musk tweeted a picture of a dog okay elon musk twitter here i'm not i'm not signed in on this private broad there it is floki frank puppy it is that's literally it that that was the splashy 6 41 p.m california time on october 3rd okay there there's your catalyst for this which uh is really a a uh you know 3x thing here or more potentially a forexing uh from eight cents to uh yeah about a 4x right now we're at about a 4x so anyway uh there's there's not much technical analysis in my opinion we could do we could do fibonacci retracement retracement we're not going to do that at this point it is worth noting that previously uh this has hit a high of 34 cents that was on may 10th we hit 34 cents it's actually quite interesting that we literally just bounced off of 34 cents so clearly there were probably some larger sell orders set for the previous high but i also believe that with the amount of trend that we have pushing on sheba in you right now relative to other alt coins i personally think we're going to exceed the uh the previous high substantially we'll see could be totally wrong the only thing pumping this right now is trend analysis that's it i don't think ta works now i don't think fundamental analysis works out this is momentum momentum momentum that's where we sit right now and over here we'll talk about this more but uh this was really when about half of the available shiba inu currency or coins were burned and we'll talk more about that in just a moment and so that led to a dramatic amount of news we could see we stayed at an rsi after that news of about 27 to 29 for actually up to about a month and a half after that news and right now we're sitting at an rsi of about 41 which uh which is really less than it's about half peak it's less than half of the peak media that we've been at before if we go to trends in the last 30 days obviously we're going to get rid of that bump that we previously saw but we saw search trends for sheba enu in the last 30 days at an rsi of 73 and we didn't even really have a massive price movement let's verify that here just to make sure so september 13th was right here this sort of pit right here there wasn't really a massive price catalyst that would have led to a larger particular trend movement in shiba inu or trend-based price movement so in my opinion and this is just completely my uneducated opinion it is very possible that we can substantially exceed uh the trend that we have seen or the search trends that we've seen in may and this will obviously update right now this chart only pulls us through uh the the week of october third to the ninth which is obviously where we sit right now but it's a dotted line this could obviously update tomorrow substantially if we go back to the past day and seven days we'll see that right now at the time of this recording in the six o'clock hour here we've got another substantial boost here in uh the trend for this probably because we did just hit an all-time high go out to 30 days again you could see yeah we're exceeding but still 73 that's pretty high i think we should this this should be like a 10 relative to the search volume we're getting right now if we go out to seven days we uh we could see that had a massive spike uh which is really interesting that you had a massive volume spike here all of a sudden that seven o'clock hour on october 5th which uh october 5th wasn't exactly a catalyst point beyond pricing so if we go to 7 p.m on october 5th we're right in this particular hour here which again nothing happened with pricing but some some article may have been posted or something but search has clearly moved on that news so anyway uh going back to the day chart here obviously this is going to be extremely volatile let's talk a little bit more about uh how this coin works and what this is folks i had this written on my notes here i mistook when this occurred and i'm not even gonna bother to edit uh the fact that i could just restate what i just said because honestly i'm just full transparent i didn't remember but the september trend search was actually because shiba inu was added to coinbase uh that was probably the reason for that so let's get started with a little bit of more of the background here so we started with a supply of one quadrillion which is one thousand trillion fifty percent was given to vitilik buterin the ethereum co-founder the other co-founder of course being uh the founder of the cardano network charles hoskinson on may 13th of this year uh this this was the big spike that we saw vidalia donated more than 50 trillion dollars a worth of or sorry 50 trillion sheep worth one billion dollars at the time to india to help uh with the coveted relief efforts there this was roughly five percent of all available sheep at the time and then the rest was burned so that leaves about 500 trillion as an outstanding supply of coins for shiba inu so this means that about 40 percent of all sheba was burned now what is burning so burning means sending your coins to what's known as an eater address this is basically a black hole wallet so imagine you're just taking some coins and you're throwing them into a black hole they get burned and they disappear forever it's not something that somebody has access to and this is a wallet that has a public key so the transaction is verifiable but there is no private key so if there's a public key that means anybody can see transactions going theoretically in or out but nobody has the power to send things out of the address because nobody has the private key so nobody can actually you know utilize the tokens that are there this is how burning works like when people say they burn tokens it's not actually like they just vanish because they still have an address they need to be essentially dumped into a null or a black hole or a burner wallet anyway uh so why would why would he burn cryptocurrency or why would anybody burn a cryptocurrency well typically you wouldn't because that's literally just like taking cash out of the bank thousands of dollars at a time and just throwing them to a fire pit this this is not something that's done but there are some cases there are burns that are done one would be during an uh an initial coin offering an ico which is like an ipo but for a cryptocurrency and the developers of the coin typically determine how many coins will be minted and in order to make sure all the tokens are in circulation they may choose to burn all the other minted coins that were uh issued but aren't outstanding to anyone and this was really the case with sheep sheep had always intended for uh vitilig to burn these coins he was essentially just entrusted by the developers to do this uh also a second reason you might burn coins is burning coins is used to stabilize the price of some coins uh some cryptocurrencies have uh every transaction essentially force a certain percentage of coin get burned in the form of a gas fee and it's basically a way to make the network slightly more deflationary than it would be without those fees now there's a difference between being slightly more deflationary and being deflationary for example the issue rate for ethereum is higher than the burn rate so even though that is a deflationary aspect you're still issuing more coins than you have than you're burning which means it's technically still inflationary right uh and and so i bring this up because some people are asking me like hey is sheba inu a deflationary coin and really it was only at that one point but i don't think those coins were ever meant to to disappear so so from what i can tell i don't see shiba inu as being deflationary but anyway there is a model very similar to proof of work also called proof of burn which is also kind of interesting this is a third reason you might burn coins and this is where you have to literally first burn a token in order to be able to mine a token it's kind of like paying an upfront cost to be eligible to mining kind of also some people think of this as like a real mining rig which degrades over time or needs fixes or or needs to burn energy except now you're just burning coins instead of energy to uh to to mine now some of this gets really complicated we can make in-depth videos on almost all of the things i just mentioned i'm just trying to give a generic overview over here but anyway she uh makes up along with the tokens leash and bone i know all dog related makeup something known as the sheba swap ecosystem shiva swap considers themselves the next iteration of d5 platforms it uh allows users to dig uh provide liquidity pairs to bury to stake coins which is kind of like you stake ethereum or cardano or whatever and to swap tokens in order to get wolf returns through a passive income reward system not super familiar with this at all just some of the terminology for you many in the community have been calling this uh a deflationary currency kind of mentioned this already but remember there's there's really not much deflationary about it outside of that one vitiligo berm but the idea is that there is a fixed amount of this coin so if most of sheba swap is being staked that is people who who hold their coins if they're staking then technically the more you're staking or the more you're tying up in smart contracts then there is less circulating supply it's kind of like why does bitcoin go up as there are more hodlers well the more hodlers you have the less liquidity you have in the market technically right you're taking liquidity out and since we're not really creating more if more sheep gets tied up into smart contracts or in staking pools then in theory you're you're deflating at least the available circulating supply okay so let's now just get to the elephant in the room did i invest in this if i invested in this why did i invest in this uh is this uh is this stupid is this a mistake uh you know what what's what's the story here so uh the answer is yes i invested 69 000 into shiva inu at like 27 cents or something like that i can't remember exactly what it was actually i posted a picture of it on twitter relatively close to whenever i took that screenshot and uh then i and of course i always send alerts anytime i buy or sell cryptocurrencies i send alerts in my stocks in psychology and money group and i did put a disclaimer that with my 69 000 investment issue being you i believe that this is a speculative investment i actually didn't even say it's an investment i said it's gambling i said i am basically expecting to trade this and i am hoping that somebody is willing to pay more money than me at some point in the future now i have no idea when that future date is uh it could be in two hours uh it could be in uh 24 days or 24 i have no idea what it's going to come down to for me is the uh technique well it's not really technical analysis it's also not fundamental analysis that we're going to play here maybe some ta because we saw that we literally watched that bounce off the all-time high it's probably going to come down to trend analysis which is really different it's more of a it's more of a social arbitrage style of investment i think that there are some very incredible things that are getting light within the sheba platform the sheep swap platform i love how anytime we get these sort of momentum movements and particular coins we become very very familiar with different coins it's really like a an opportunity to get really educated in a coin and i think it's i think it's incredible so i have 69 000 invested into sheba i did then invest another 50 000 into it i wanted to invest another 69 but i was out of money uh in my coinbase and the instant deposit was not instant gosh i bag on coinbase too much i'm sorry i'm sorry hey but you can get a credit card that pays you in bitcoin rewards by going to medkevin.combf mckevin.combf gets you to block five where you can get a credit card that pays you in cryptocurrency rewards so check that out if i go to mykevin.combf um sheep to the moon thank you so much sheep army and folks we'll see in the next one
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