Altcoins News
By Steven Anderson
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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.
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Day traders are active traders who execute intraday strategies to profit off from price changes for a given asset.
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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…
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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.
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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?
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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.
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SHIBA Swap is about passive income, where holders stake their coins and earn passive income.
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Passive income includes regular earnings from a source other than an employer or contractor.
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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.
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So, the idea of speculators, day traders and everyone who is venturing in to the cryptocurrency space is to make profits.
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Passive income from royalties is possible for artists, but the consistency and frequency is questionable. Not all NFTs sell for billion dollars.
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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.
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Like little drops of water makes a mighty ocean, tiny drops of value invested has been pushing SHIB higher; however, will this last?
The Currency Analytics
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