Why Shiba Inu is worthless with the current burn rate

By Fgeletterd | Michielangelo's Gems | 1 Mar 2022


Hey yall,

Shiba Inu has been my biggest gainer of 2021 next to BNB. Got over 1000% on it and dumped it after that. And I am happy that I did. Much of the Shiba interests are coming from dumb memes, adoption by as example cinemas and projects like games etc. So for the rest I am not going to tell you the good things about Shiba Inu. I am sure there are some things to be excited for, but when it comes in value it is already #14 of all Crypto and has seen a crazy amount of profit. More profit there has been in the past, less profit for the future. But Shiba will burn so much that your Shib will grow anyway right? I think most people are wrong. People are just looking at what can be. But let me tell you how it is gonna be:

https://www.shibburn.com/

Let me calculate and explain this simple so you can read over it fast.

So out of 999,991,775,326,046 Shib already burned 410,303,352,242,056 thanks to Vitalik Butherin.

Shib burns an average of 30 million Shib per day. May differ, may grow in the future. 

With 589,696,647,757,943 Shib left, lets make it 590,000,000,000,000 we have to divide by 40,000,000. (A bit more for future purposes)

Which is 14,750,000 days of burns until all Shib is gone. Divided by 365 days out of a year, we are talking about 40,000 years of burning.

But hey, not everything is supposed to burn right? Even if they burn only 25%, you will still not live long enough to see it. And to be honest, I will never see a funny meme coin staying on these rankings for ever. Now it is popular because people hold on to their dollar eyes, and they do not see the reality. Ofcourse the Shib army will think of ways to burn more Shib than it does now, but you should be able to outlive enough burns to become millionaire as everybody wants to be right?

Just saying, if Shib needs to halve it's current supply. The burning has to grow with at least 5000%, which would be 2,000,000,000 Shib per day for 2950 days which is still 8 years. And it is just not going to happen. Nonetheless, if the circulation halves the supply, you still got in theory 100% profit (not including the growth of the crypto market itself) and trust me, 100% will be nothing if you look at 8 years. Bitcoin will do more.

Still always do your own research! Research does not have to be difficult, try to think realistic! If you want to look for the next big project, just try to discover a more decent project like Statera (where we receive tips in from now). Just saying, don't do drugs kids and don't do Shib kids.

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Fgeletterd
Fgeletterd

Healthcare worker interested in saving money, buying stocks, buying crypto and achieving FIRE! I really love my job. But working 36 hours a week to be in the rat race is just not my thing. And I hope it's also not your thing :)


Michielangelo's Gems
Michielangelo's Gems

Welcome at my blog, I am super excited to start this journey and share my findings and gems. Because investing can be a teamsport, it is already fun to play alone but with Publish0x we can make it into a teamsport. Because investing should not be something competetive for us: we should work together so we can achieve our goals. We can get better together and make our road to our goals shorter!

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