China did China things last night and tanked all cryptos. Shib seems to be rebounding faster than others. I'm not pumping more money into it, feeding it every spare penny I have, like some folks. There's some big whales in it, someone bought $13,000,000 a couple days ago, about 2 trillion coins at the time. This one I set up unlimited 15% upward alerts on. I'll know if it goes off. I'm still in the green, even after china's shit last night. If it hits $0.025, I'll have a million from a <$300 investment. Edit: No I won't have a million at $.025. My exit strategy starts long before that.
That's one of the biggest challenges with a coin like SHIB. You get one person whose investment grows $2M for every $0.000001 increase in value of the coin and they (along with other whales) play with the price however they want and reap major rewards. Whereas with us at the bottom of the barrel, we see an increase of a couple bucks and keep hanging on for the day when it hits $0.0005 to pull a few grand. Until SHIB has a substantial distribution across many smaller wallets, it'll float where it is and pop/quickly retract every now and then on big updates like being listed on Coinbase or the upcoming Shiba Swap announcement.
Tuesday will be a day of reckoning for non-Pink current OTC tickers. OTC markets reports that “approximately 2,800 securities will be removed from the publicly quoted market” on September 28. That's going to make OTC just that much more interesting for the remaining Pink current companies....that money from the non-tradable companies will probably be invested elsewhere.
Well, that was fun while it lasted. I took some profits and still have a few million left for the next time.
Looks like it picked back up five percent from today's bottom. I'm still up 270%. At $290 buy in, I will ride all the way to zero or the moon, whichever comes first. Hands of diamonds, I will have with this one.
Hah, yeah, as soon as I disparaged it, SHIB turned back upward. I'll hang on to the rest of mine and probably profit take along the way depending on what it does. I'm leaning toward profit taking when I can with all my crypto, while leaving a decent enough base that if it really pops, I'm not FOMOing back in.
I've got over 42,428,000 Shiba. I'm not silly enough to keep dumping money in. But I'll let that sit and start my exit between .0008 and .009, if it ever gets that high.
threw $100 at ALPP. I've done dumber thing before. Banking on the uplisting and this car shit being around for a minute
Waiting for PHIL's 2020 10K to drop today, it's going to either rocket or crater depending on what's in the filing. It's been the longest day ever.
Fuck. It's in free fall. I was able to sell 200K to limit my losses somewhat before it bottoms out. Now I guess I wait for an amendment, or the Q due next month. EDIT: It bottomed out with over a 25% drop. The proceeds from my 200K sell went back into it for some bargain priced shares and transferred some money to my bank account. It's already up 20% from where it bottomed out. Volatility is fun. Guess when the 10K dropped: