Shiba Inu Flips Doge Coin and the crowd goes wide!
Yes, there is a disturbance in the force at this time, as Shiba Inu, a relative newcomer to the cryptocurrency world, but an elder member of the Doggie Meme World surpassed Doge Coin in Market Cap yesterday. Many of it's supporters made huge gains.
Yet it's success and their adulation has been met with disapproval and even distain! Doggie Coins! Bah Humbug!
I laugh and smile, knowing for every Shiba Inu there is a Doggie DooDoo Coin whose price has dropped to nothing, or ten, or twenty or a hundred others which are worthless.
Odds of success are not good
Yes, the odds of success for a Doggie Coin in a field full of Doggie Coins is small. So small that one Doggie Coin investor did a YouTube video where he showed how he invested in over one hundred Doggie Coins! Because as he put it, the odds of lightening striking a tree are small, very small, and so are the odds of Doggie Coin success.
Cute, no substance, who cares?
The Doggie Coins are often criticized for being cute, but having no substance...like some of our celebrity movies stars or other people we publicly adore.
Meme Coins are Dream Coins
I think these Meme Coins are really Dream Coins, as they are like dream tickets to a better life. So they are like crypto lottery tickets, millions of them for a fistful of dollars. And while it's true that many will crash and burn, somebodies got win right?
Hope or Hopium Springes Eternal
Shibu Inu proves there's an occasional winner and suddenly the believers in cute little Doggie Coin number 1047 are wealthy!
Find your pot of gold
Quite frankly the world is in quite the sorry condition right now, and I don't blame people for dreaming of a better life through investing In some regards we all join the community with dreams of finding pots of gold, good investments, cash cows, golden geese, etc..
...and these people are no different. I say let them have their fun, and get drunk on the hope of sudden riches. The drunkeness is always followed by the hangover and the soberness reality.
That which does not kill you, should make you stronger, right?
Some will experience the joy of winning, and others, perhaps the majority, will experience agony of defeat. The loss of their entire investment, the shame, the disappointment, but they will emerge stronger, perhaps with lighter wallets, but with wisdom worth it's weight in Doge Coins!
The End...for now.
