SHIB continues to be in the top 10 most popular cryptocurrencies on Coinbase. People are holding SHIB longer than ever before.
Shiba Inu coin has been on a slow and steady decline this past week.
Despite the slowing momentum, the SHIB community continues to grow; reaching close to 2 million on Twitter.
The community reached 1 million just last month in October.
Will Shiba Inu coin keep going up? Or is Shiba dead?
Welcome to Franknez.com – the #1 blog for retail investors. Today we’re discussing Shiba Inu coin, one of the most popular cryptos in the market right now.
Let’s get started!
SHIB is currently trading in the 5000-5100s.
The climb up to 8900 had investors excited for another zero to be eaten.
So what happened?
Why Is Shiba Inu Going Down?
Shiba Inu coin has been experiencing a selloff since its climb up to 8900.
Aside from your average swing trader, investors who made massive profits cashed out too.
One particular investor holding SHIB moved $2.76 billion worth of Shiba Inu coin, originally an $8,000 investment from 2020.
Is that what happens when you hold longer than just cashing out during a runup?
What most new retail investors don’t understand is the concept of long-term investing, meaning 1+ year.
This is why only few people make the big bucks during massive runups.
And it’s because they were holding way before you got in.
However, we’ve seen Shiba’s hold time double from earlier this year where the average time investors holding SHIB was only 7 days.
The typical hold time is now 14 days.
Quite an improvement as a whole, but most people will only make chump change holding short-term.
Will SHIB Go Back Up?
Shiba Inu will eventually go back up.
If you planted your seeds just recently, you’ll have to give them time to grow.
We live in a society where everything is instantaneous; we want things now.
But ultimately it’s the the investors holding SHIB long-term that will become rich.
It’s the only way.
When you plant a seed to grow a tree, it doesn’t grow immediately; it takes time.
And with the SHIB army growing on Twitter and on Reddit, more and more investors are planting their seeds right now.
Shiba Inu coin has only one mission and that is to grow.
Whatever you invested into this cryptocurrency, let it do it’s thing.
Check it’s progress and growth every other month.
The important thing is you took action to invest in your future to create wealth.
My suggestion for retail investors holding SHIB is don’t un-plant your seed as soon as it’s begun to grow it’s first roots.
Anything can happen a year from now.
Read: Millions of Shiba tokens are being burned every day
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