World’s ace investor Warren Buffet once famously said, ”Our favorite holding period is forever.” He explained, ‘If you don’t feel comfortable owning a stock for 10 years, you shouldn’t own it for 10 minutes.” His words of wisdom go in tandem with Shiba Inu’s iconic phrase ‘The 1 Cent Dream’, which was coined by stock and crypto analyst Del Crxpto.
The 2008 market crash was so intense, that they called it the ”financial Pearl Harbor”.
Buffet stayed true to his words and held on to his assets even during the 2008 market crash. The crash had wiped out $23 billion of his fortune but he remained unfazed and held on to it despite the bigger players selling their holdings. The value of his stocks at present-day has more than tripled and he’s now the 5th richest man in the world.
He’s a prime example that shows ‘holding’ to the long term will bring better returns than the short term goals. The market has its ups and downs and only the ones who bite their teeth and hold on could eventually make it.
Shiba Inu : The 1 Cent Dream
More than a million people have invested in Shiba Inu and everyone is waiting for it to reach $0.01. The goal can make generational wealth for current-day investors. However, SHIB breaching the 1 Cent mark in this decade seems highly likely. Nonetheless, after 2030, there could be possibilities of it reaching the magical number due to increased ‘burn’ rates and demand.
Will All Shiba Inu Investors Turn Millionaires After 2030?
The answer is plain and simple ‘no’. But why, you ask? Well, here’s the catch!
The crypto market is a roller-coaster and goes through hundreds of ups and downs. The market is mostly not for the faint-hearted as it can turn brutal during a crash. Not everyone is capable of handling this uncomfortable situation for an entire decade.
Most of the present-day investors will most likely sell their holdings a few years down the line. The reason? Well, because it’s not performing as per their expectations and the 1 Cent goal is not getting closer.
To make it to the finish line ($0.01), the market will drag investors down a dirty hole in the meanest way possible. Due to changes in lifestyle and commitment, investors are bound to sell their SHIB holdings before it reaches 1 Cent. The majority of investors would miss out on reaping the reward due to their impatience.
Shiba Inu can make every single investor a millionaire after 2030 if they ‘hold on’ to the long term. The key to attaining generational wealth- is to read the first paragraph of this article again.