THE TRUTH ABOUT SHIBA INU

Two NEW EXCHANGES Listed SHIB

1.       Gemini

Gemini is actually a very big exchange and some people argue that it’s in like the top five best exchanges for cryptocurrency.

 

2.       Change Hero

Change hero is not as big as Gemini but this is another big listing for Shiba Inu. This coin has an opportunity to grow based on the ecosystem

 

What SHIB said about the Circulating Supply?

                Over a month ago coin market cap said that Shiba Inu had a total supply of 394 trillion coins however as we look at it now we can see that the current circulating supply is 549 trillion dollars that is an increase of 155 trillion coins. That is a very very big increase.

                At the start of the launch Shiba Inu started with one quadrillion coins. 50% of it was sent to uni swap so that means that uni swap has 500 trillion coins, 50% of it was sent to vitalik biederin’s wallet, so that means that vitalik buterin had 500 trillion coins and in may he sent 50 trillion coins to the India Covid relief fund and then shortly after that, after a lot backlash he burned 410 trillion coins, so after all that his wallet now has 40 trillion coins which he plans either hold it forever or give it to charity later on so to calculate the coin supply that is currently in circulation. We would take the 500 trillion coins from Uni Swap and the 50 trillion coins from the India coveted relief fund and then we would add the 40 trillion coins currently in vitalik buterin’s wallet and then we minus one trillion coins for the burns that would leave us with 589 trillion coins’ in circulation. Now, if we read back at coin market cap it says that the current circulating supply is 549 trillion coins, so why is there a discrepancy. Well it’s because coin market cap doesn’t believe that vitalik biederin will circulate his 40 trillion remaining coins in his wallet, this is why they said that the max supply is 589 trillion coins while the circulating supply is only 549 trillion coins.

 

The UNIT BIAS Concern

                 Saitoshi is saying “You have this problem where the news articles like to get clicks and what they do they is they say everything that the top 41 is owned by wales” what that means is that one person owns about 41 of all the supply of Shiba Inu and if that person decides one day they’re going to sell, that’s going to drive the price down which means anybody that has any money well we’re going to lose it all. We’ll be okay with it but we’re going to lose all our money and be a little bit sad that Shiba Inu is over but it’s a bunch of bs and here’s why, the top 41% is owned by a black hole, that is a burned wallet. So, the problem is these news articles are putting out this fear into the market by saying “oh you better be careful…uh 41% is owned by one wallet.” Well, look at what it is before you put out an article like that, this is not just any old wallet, this is a black hole, it has no access. It’s like me giving you my computer, locking it with a crazy password and I never tell you what that password is and you try your hardest to hack it and you can’t get into it. That is kind of what this is even more so, so you’re throwing away the keys and you can’t get into it. So anybody that dumps money into this particular burn wallet, it’s gone, it’s removed from that circulating supply. So it’s not one whale holding on to all of that, absolutely not. Binance and Crypto.com is a crypto trading platform that of course going to earn a lot but that is unnecessary fear.

Unit Bias is really important when it comes down to the Shiba Inu development. In order for Shiba Inu to get to one dollar, it would have to have a market cap that is higher than the world’s supply of money, thereby the mathematics of it is damn near impossible, so if you have a lot of Shiba Inu, Let’s say you have a million of Shiba Inu or whatever you have and you’re doing your little calculations in your mind to say well if it gets to a dollar, I’m going to have this much money. Stop dreaming like that. What you need to, reverse yourself on is say – am I passionate about this particular cryptocurrency, am I cool if it may drop at zero and I’m excited about making money but not ridiculous money. That’s what this is all about so don’t be looking for a dollar, don’t be looking for a 10 cents.