Why More Shiba Inu?

Tweet

Shiba Inu. The 'darling' and super hyped cryptocurrency meme token of 2021. Did it ever have value? Does it have value now? Maybe. Maybe not. When it comes to any cryptocurrency frankly I think it is at best anyone's best guess. Is it cheap at $0.00002502? Again, who knows? I blew $16,000 a few years ago on a very promising Chinese telecommunications and cell phone company and lost everything. I can't tell you how much money I have probably lost in casinos over the years. The amount of money I have forked into Shiba Inu is nothing even closely compared to certain other investments I made and lost in. A tilapia fish farm in Hainan, China. A local bank. A company in the business of treating waste water from fracking operations. Tens of thousands, if not hundreds of thousands of dollars tossed into the wind, never to be seen again. That's investing sometimes, you know. Often times it pays off well. Other times it's like "oops, that was a bad idea." But without risk there is no possibility of any gain worth anyone's time. I think Shiba Inu still has some legs. There is a small use case in play going on behind the scenes. There is a 'burn rate' in place to reduce supply. And Robinhood may still list the meme token on their exchange. So, for whatever it is worth I keep buying a bit more here and bit more there. Nothing significant. A couple million SHIB here and there. It's not money I can't afford to lose and is significantly less than more significant failed investments I have made in the past. So, I am either going to turn out to be one hell of a smart guy, or I'll be writing about SHIB among all of my other losers in a future post. Who knows?