$SHIB (Shiba Inu Coin) is a particularly "meme-savvy" cryptocurrency with quite an interesting origin story. Let me summarize it for you:
1. Birth (August 2020) Created by an anonymous individual with the username "Ryoshi", inspired by the then-popular Dogecoin. The Shiba Inu is a breed of dog from Japan, so it can be considered a "knockoff relative" of Dogecoin. 2. Core Features: Community-driven + Anti-elite It initially claimed to have "no big backers" and relied entirely on community promotion. A total of 1 quadrillion tokens were issued, with half directly given to Vitalik Buterin (the founder of Ethereum) and the other half locked in decentralized exchanges. This move was meant to appear "decentralized" and allow ordinary people to hold large amounts of tokens at a low price. 3. Vitalik Buterin's "Divine Operation" The 500 trillion SHIB tokens given to Vitalik were initially meant to express trust, but in May 2021, he suddenly donated most of the SHIB to the India COVID Relief Fund and burned another portion. This made SHIB even more famous (although the price dropped significantly at that time). 4. How did it get popular? It all relied on social media and celebrity effects! Elon Musk mentioned it on Twitter, and many people on Reddit and TikTok were promoting the idea of "becoming wealthy with very little money." During the bull market in 2021, it really surged by hundreds of thousands of times, attracting a wave of excitement.
SHIB is a "community token" that became popular through internet meme culture, with no real technological breakthroughs; it is purely a product of speculation and marketing. The price fluctuations are crazy, and the risks are extremely high, so playing with it is basically like gambling.
It represents the typical "grassroots dream of reversal" in the crypto world, but the dream fades quickly, and its popularity has decreased a lot. $1000SHIB
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✨ 3.6 years Back I remember Joining Binance with Full Hope, when i heard about Crypto Currency from one of My Friend. At that time I was Very new to Crypto World.
👉 Thought Crypto Will change my Life completely, Yes it has Changed My Life in Both Positive And Negative Ways.
😀 Positives:
👉 I get to Learn about So many Things about how this market works and Different Concepts like Volume, Tokenomics, etc.
👉 I get to Make many New Friends in Binance Square through posting and Through Live Chats.
👉 Some of my household income is also generated through Crypto Currency. Being a middle class guy it changed my View on Money.
👉 I am A Proud Binancian Since 3.6 years and i like this platform as i love to stay at Home.
😓 Negatives:
👉 Disaster started when one of my friend Told Me about something known as Futures other than SPOT, thought that i would create millions out of it, but the opposite happened.
👉 Started P2P Trading, Almost 7 out of 9 Bank account got frozen and Around 5 Lakhs INR still frozen in several banks. (A Big Disaster.
👉 Started Copy Trading and copied several Traders. Honestly None of them created any Miracle for Me. completely devastated By a $2200 Loss on Copy Trading, which is Around 2.2 Lakhs INR.
👉 Again Came to Futures, Liquidated Several Times while learning, Around a 5000$ Loss in Futures. Still surving....
✨ This Journey was covered with Full of UPs and DOWNs, and those who thing i have unlimited Money its not, Rather i have a big heart and a huge respect for Everyone.
Thats why i give most of it to the public via live rooms and red packets ❤️
Thanks for being with Me in this Journey of 30000 followers. 🙏
If you want to learn about hedging arbitrage, you can join the group, where there are random red envelopes 🧧
7 major advantages of hedging arbitrage Advantage 1. It essentially will not lead to liquidation because equal positions are opened on both long and short sides.
Advantage 2. When the market is extremely fast or the direction of arbitrage is incorrect, you have enough time to operate because the directions are opposite, resulting in profit and loss.
Advantage 3. Emotional stability is a big advantage, with low risk and high stability, it basically does not let traders get too excited, as there won't be huge profits or losses in just a few minutes; the profit and loss process is smooth and slow.
Advantage 4. Reduces transaction fees, with significantly fewer stop losses compared to a one-sided position. Holding the arbitrage position for a longer time can actually lower transaction fees. Advantage 5. Very good control over drawdowns, as long as the price difference remains unchanged, both will rise and fall together.
Advantage 6. Better judgment of direction, you only need to judge the strength of the arbitrage group, which is easier than one-sided judgment.
Advantage 7. There are opportunities to open positions regardless of whether the market rises or falls, as long as the price difference is appropriate, it is an opportunity. #DOGE $BTC Was this time a successful bottom fishing?
Female PhD bravely ventures into the cryptocurrency world, aiming for 10k followers~Welcome to my chat room~ 🎉Red Envelope Giveaway! 🎉 🎁Want to win today's red envelope? 👉Follow me 💕 👉Like this post 👉Share this post 👉Leave a comment 🎁Hurry up, it's your turn! 🎉🎉 #加密市场观察
https://app.binance.com/uni-qr/SSNgq8kr?utm_medium=web_share_copy Go to Binance Square to answer questions and enjoy the opportunity to participate in XRP from digital currency funds
🥟Winter Solstice Night, Light Filling Thirty Thousand Winter Solstice, the longest night of the year. My list has lit up the thirty thousandth star.
In the darkest moment, the ancients called it "the birth of Yang." At the end of the long night, it is the place where light begins to grow.
Just like this long journey, every bit of attention gathers into light. Thank you to every traveler.
Yin gives birth to Yang, quietly awaiting the spring's emergence. Wishing you health on this Winter Solstice, and a promising future. $BTC {future}(BTCUSDT)
Money has been sent, money has been sent 💲💲💲, today the winter solstice market treats us to dumplings 🥟 and glutinous rice balls 😍
$BTC, $ETH, a chart to understand it all
30-minute chart, breaking through the fluctuation range accompanied by increased volume, Macd forming a golden cross, right-side trading to chase the trend 🤔 no problems at all, remember to run when you have gained, safety is key ❤️