Yesterday was a great day for Shib investors. It’s sort of funny because this weekend I was talking to my daughter about her Shib bag. She had maybe a total of 20 million, and after we talked, she increased it to over 50 million Shiba tokens. It turned out her weekend investment came at the right time.
Crypto is a very funny little beast. If you are starting and you do not understand it, I would talk to a financial advisor. Due to my mistakes with Dogecoin and listening to perhaps the wrong people, I did things a little differently this go around. Timing is the key!! It also pays to be watchful. So, let’s get down to the rumors about Robinhood. Rumors on Twitter have been swarming about a potential listing by Robinhood.
If it happens, I would be surprised to see it take place this week. I’m not going to lie; it was one of the reasons I went on and purchased more coins. If they do trade Shib, the coin will go up again. I wanted to be a whale, but if Shib keeps going at the rate it’s going at, it will knock that dream out of the water for me. I guess that’s a good thing, but I wanted whale status.
I think my main fear is of the SEC doing something shady. Now that we know they tend to act questionable, it does sort of place a cloud over the potential of crypto trading. I think we need a new department geared towards the stewardship of crypto. I feel like the SEC is too dated with laws reaching back to over 100 years ago that might not be valid in a techno-driven world.
I think crypto brings a certain level of privacy that scares the hell out of governments. It brings a way to create new millionaires and billionaires. We are looking at the beginning of a new financial system. I read an article yesterday which talked about how Bank of America is starting to research crypto. This is huge, and it will not be the last bank to take this project on.
There’s money to be made in the crypto market, and the powers to be are seeing that it isn’t just from Bitcoin. There are a lot of coins that people can get behind, and some of those coins will result in millions. There’s also a chance people could lose a lot of money. I have one daughter who refuses to touch investing on any level. I was willing to give her 50 bucks to put in a small coin, and she declined the offer. You will have a lot of people who are skeptical of change.
I missed out on Bitcoin because nobody knew anything about crypto. I asked around for years and even researched it, but I had no clue about exchanges or any of that stuff. I credit Robinhood for turning the light on about cryptocurrency. Had it not been for Robinhood, many of us wouldn’t know about Dogecoin or anything else. Before learning about cryptocurrency, I would waste money on rings, Starbucks, and lotto tickets. Sometimes, I would buy the occasional expensive purse here and there.
I managed to take that money that I would put on stupid stuff and get returns that have helped my family out. Last summer, we needed a new AC, and guess what??? My crypto was able to help out. So, I am finding new uses for the money I would normally throw away. That’s why I crypto!
I am not A financial advisor, so before you invest anything, talk to someone who might be able to school you on the ups and downs.