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In the cryptocurrency space, you come across two categories of people for the sake of understanding. There are those who buy and hold the token for as long as possible. There are day traders and speculators.
Day traders are active traders who execute intraday strategies to profit off from price changes for a given asset. They look for price changes during volatile times in the day, thus making profits from high volume trades where they enter and exit the market in short spans of time.
Speculators love the idea of the 11,000,000% gain made by Shiba INU since August 2020. While it looks like big growth, many feel that as an investment, Shiba INU will be like a disaster in the making.
All that is happening with SHIBA is due to FOMO. Noteworthy, ever since its launch BTC has made 8,000,000,000% gain since July 2010.
So, for speculators who are waiting for the next cryptocurrency to go to the moon, SHIBA seemed to be the answer. However, will it survive beyond the hype is for time to reveal?
Several investors who invent in SHIB are young investors who have a risk appetite and to a certain extent have a playful attitude and a not so serious approach in trading.
SHIBA Swap is about passive income, where holders stake their coins and earn passive income.
Passive income includes regular earnings from a source other than an employer or contractor. The common belief is that a substantial sum in passive income can relieve someone from their 9 to 5 job providing financial freedom. There is a widespread income about passive income.
There is no clear distinction about how much money one will need to lead a happy and peaceful life. The value attached to passive income varies from one person’s life style.
So, the idea of speculators, day traders and everyone who is venturing in to the cryptocurrency space is to make profits. There will be a day when people will become old and will not be able to earn money working a day job. It sounds impractical to be working all the life. So, the idea of passive income is considered to be worth inspiring.
Passive income from royalties is possible for artists, but the consistency and frequency is questionable. Not all NFTs sell for billion dollars. Rental income is not something possible for everyone. So, the idea of earning from the volatility of cryptocurrencies is catching up.
Even with cryptocurrencies it is not possible for everything to buy high ticket tokens like bitcoin, so those who wanted to get their feet wet start off with meme coins. The world is filled with few rich people and the rest are those who are surviving from paycheck to paycheck. The small value facilitated by meme coins make the entry fascinating; however, whether small value will make someone rich is questionable.
Like little drops of water makes a mighty ocean, tiny drops of value invested has been pushing SHIB higher; however, will this last? Will it survive as a worthy investment to generate a passive income that is practically substantial?
