The “Dogekiller” is copping a beating at the moment, but there’s still hope… I think…

Ok, so let’s be clear. There’s a reason that the first words in this headline are “Idiot’s Guide”. I don’t know anything about crypto other than what I have read (probably less than you) and hear from a group text with fellow fools, some of whom have made some money. I am in no way qualified to give life advice, let alone financial advice. BUT… I have thrown money into Shiba Inu.

The Chinese meme-coin has been touted by many as the new Dogecoin which, as anyone who’s come within 100 kilometres of a bro in a puffer vest will tell you, was the coin that saw massive gains after being spruiked by Elon Musk, only to flatten out following his much-hyped SNL performance. Personally, I think his performance was about as funny as everything else that’s been on SNL over the last decade, pure shite, though that’s beside the point.

The point is many of us are gambling on these coins with little actual knowledge of the system, relying on hearsay and clout. Now, even Elon’s tweet from yesterday about whether Tesla should accept Doge has failed to prop up the OG doggo coin like it would have a month ago:

Do you want Tesla to accept Doge?

— Elon Musk (@elonmusk) May 11, 2021

So, now that we’ve seen that The Dogefather’s powers are perhaps waning, should we hold onto our Shib? Nearly everyone I know got into the coin at the start of this week right at the peak of its popularity, which means most of us got in when it was too late and have since seen the value of our wallets tumble… massively… So why am I (reminder here that I know fuck all) still holding on?

Well, this may disappoint you, but the main reason is pure emotion. I’m jealous of everyone who won big on Doge and want to experience that for myself. The other reason is that, whilst it’s popular now, Shib hasn’t quite seeped into the pop culture world as much as Doge, meaning there’s still a chance that it could pop. And, it seems stupid to sell why it’s down, right? Surely – and this is really grasping at straws – as crypto becomes more common in the future, even the shittest coins will at least have risen in value a little?

Right now, my Shib wallet is sitting somewhere between the Earth’s crust and the volcanic core. I don’t need it to get to the moon, but it would be nice to see it spring back into the stratosphere, right?