Shiba Inu (SHIB) is known for creating life-changing returns for investors. However, the story isn’t always one of rags to riches. While some have turned small investments into significant wealth, others have missed out on even greater gains due to impatience or a lack of conviction.
One example is a cryptocurrency investor who turned $4,000 into a substantial $800,000 profit with Shiba Inu (SHIB). This individual, whose identity remains unknown, capitalized on SHIB’s early days, acquiring a massive 122.92 billion tokens at a rock-bottom price of $0.0000000325 per token on January 31, 2021.
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Opportunities like this can be life-changing, and many investors are still investing in new meme coins hoping to replicate the success of traders like this.
A Fascinating Investment Journey
However, as Shiba Inu’s price started to rise in early 2021, the investor opted to take profits at various intervals. The first sale occurred in April 2021, three months after the initial purchase. This transaction saw the investor sell 31.889 billion SHIB, recouping his original $4,000 investment. Subsequent sales of 7.6 billion SHIB, 5.7 billion SHIB, and 7.7 billion SHIB followed in quick succession.
He secured an impressive 19,900% return on investment (ROI). Although this is a noteworthy achievement, the true potential of this investment becomes evident when considering Shiba Inu’s subsequent price surge.
By May 8, 2021, the price of SHIB had reached an all-time high of $0.00008845. Had the investor held onto the remaining 69.8 billion SHIB, his holdings would have been worth a staggering $10.8 million, a far cry from the $800,000 profit.
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This investor’s story serves as a cautionary tale for cryptocurrency enthusiasts. While short-term profits can be enticing, holding assets with long-term potential can lead to exponentially greater returns.
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Meanwhile, a Bitcoin investor recently recommended SHIB as a long-term investment, and this trader would have walked away with significantly more if he had held on longer.
The story of this unnamed investor is not unique. Numerous cases exist of individuals who missed out on substantial Shiba Inu gains due to early sales.
A prominent YouTuber, for instance, acknowledged selling off his $2,000 SHIB investment due to fear, uncertainty, and doubt (FUD) in the market. This decision resulted in a significant missed opportunity, as the YouTuber’s initial investment could have reached a value of $1 billion.
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