Fuuuuuuuuu i remember when this shiit coin was less than a penny only a year or so ago
Tommy, 38, and James, 42, who have asked CNN not to publish their last names to protect their anonymity, had put a few hundred bucks into an odd digital asset called shiba inu coin — a spinoff of dogecoin, so basically a parody of a parody. One coin was worth a fraction of a cent, but a friend, who happened to be a crypto expert, told them he believed it could be a big moneymaker.
The family's initial stake of $7,900? It's now worth nearly $9 million as of Thursday. CNN Business confirmed the value via their coin wallet and transaction
http://www.cnn.com/2021/05/14/invest...res/index.html
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Results 1 to 10 of 10
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Today, 06:37 AM #1Milf Hunter
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Family turns $7900 into $9M on shiba inu coin
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Today, 06:40 AM #2wisdomatic
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Very happy for them srs. I hope they sold
incoming novel
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Today, 06:45 AM #3Registered User
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I've worked in the crypto industry and one difficult thing for people is selling large amounts into cash. A lot of retail banks don't trust crypto and won't allow you to make large crypto deposits. If it's a massive sum then there are some high level investment banks that will take the deposit.
There are some banks that specifically cater to crypto, but they are online banks and therefore a bit questionable. The reason many retail banks don't do business with large crypto transactions is the ties to organized crime. Large organized crime syndicates have used crypto as a means to launder money or carry out covert transactions, sometimes entire token projects are just a front for organized crime.
This reputation is changing though over time, especially as large financial institutions and governments invest in the technology and tokens.
Another thing to consider is liquidity, there needs to be enough buyers in the marketplace to liquidate your holdings into cash. Without enough liquidity, you can't sell your tokens. The most successful people in this industry are the companies processing the transactions and taking a small fee. These make up the real cash money billionaires in the industry, whereas having large paper value of tokens can be a tricky thing to navigate.Beans, cleans, gasoline
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Today, 06:49 AM #4Registered User
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That was my first reaction, hope they realized their gains lolOriginally Posted by CougarP01
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Today, 06:55 AM #5Registered User
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- Location: Alberta, Canada
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Am I crazy or is it still worth a tiny fraction of a penny?
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Today, 06:59 AM #6Registered User
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Every south Korean phaggot after China went in dry on their fugly cosmetic asses:
SHIBA
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Today, 07:02 AM #7worst poster on the misc
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Was this before the Eth creator pulled the rug
LOL at NoCoincels crew*
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Today, 07:08 AM #8Registered User
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- Location: Alberta, Canada
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Article says their holdings were worth $9million as of Thursday so down do like $6.6million now probably?Originally Posted by Nonsense916
Watched a Bloomberg video the other day about how a group of nine people in Essex made $660million over the course of a few hours when WTI crude went negative, and those ain't paper gains
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Today, 07:08 AM #9Registered User
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How about now, what about now
John Hancock
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**lol @ tradies crew**
**tradie crew**
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Today, 07:32 AM #10Registered User
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The fuk u talking about? It still is less than a penny
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