Recently, many dog friends have been discussing: SHIB is now burning at a rate of 0.2%. What does this mean? This means that its total amount is slowly decreasing. Everyone knows the principle that things are valuable because they are scarce, right? The less the total amount, the more obvious the value! It's like a limited edition treasure, the rarer it is, the more valuable it is.
For example, there were many SHIBs in the past, and people may not think they are rare. But now that they are burning, the number is gradually decreasing, and the value of each one naturally goes up. It's like a piece of cake. In the past, there were too many pieces, and everyone got a little bit; now there are fewer pieces, and everyone gets more, and the value is reflected.
However, the road of the cryptocurrency circle is not smooth sailing. The hacker incident a while ago was really shocking. The SHIB worth tens of millions was stolen, which had a huge impact. Many dog friends had worked hard to save the coins, and they were expecting to have some hope, but ended up with such a thing.
When I heard the news, I was devastated. I felt like my hopes were dashed. That was tens of millions of SHIBs, and they were gone! This was a big blow to the market's confidence. Many people began to waver and doubted whether SHIB still had a future. But, my friends, we can't be scared by this temporary difficulty. Although such a big thing has happened, we have to look at the long term. I am firmly optimistic about the market performance of SHIB in the next five years.
Why do I say that? Think about how fast digital currencies have developed in recent years. Although there have been ups and downs, the overall trend is upward. SHIB is no exception. It has strong community support, as well as constantly updated technologies and application scenarios.
Take some digital currencies in the past for example. Didn’t they also experience various twists and turns at the beginning, but didn’t they still rise in the end? I believe SHIB also has such potential. Let’s wait and see. In the next 5 years, it can at least reduce 1 zero.
For example, a SHIB is worth a few cents now, but it may be worth a few dimes or even a few dollars in 5 years. Then the coins we have now will be valuable! Imagine that we can use these coins to realize our dreams, buy a big house, drive a luxury car, how great it would be!
Of course, there will be many fluctuations and challenges along the way. But we retail investors must be patient and determined. We can’t be scared and quickly throw away the coins in our hands at the slightest sign of trouble.
We have to trust our own judgment and believe in SHIB's potential. We can't just follow the crowd blindly and believe what others say. We have to have our own thinking and analysis.
In fact, investing in digital currencies is like life, with ups and downs. We can't give up just because of a temporary low point, we have to hold on to usher in the final victory.
Finally, I want to say that no matter what the future holds, we must keep a normal mind. It is good to make money, but don’t be too sad if you lose. After all, there are still many good things waiting for us in life!#SHIBA🚀