Warren Buffett once famously said “Be fearful when others are greedy, and be greedy when others are fearful” in a timeless piece of financial advice that can go on for generations and can help Shiba Inu investors. SHIB found a million new investors when its price went from $0.00000000001 (10 zeroes) to $0.00008 in less than a year. It mostly attracted first-time cryptocurrency investors who wanted to make the most out of the epic bull run.
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This was the phase when investors turned greedy on SHIB and wanted more returns that could make them financially stable. Here’s when things went downhill as the number of ‘greedy’ investors outnumbered the ones that were fearful. On the other hand, when SHIB was at $0.000000000001, traders were fearful and those who took an entry position back then made stellar returns. Warren Buffett’s advice on fear and greed also shows the mindset of the present-day Shiba Inu investors.
Shiba Inu: Warren Buffett’s Piece of Advice Now is a Lesson For SHIB Holders
SHIB’s price is now at the $0.00001166 level and the token is only dwindling in the charts this year. Shiba Inu is now under the ‘fear’ category which Warren Buffett had mentioned in his financial advice back then. The downturn has made SHIB lose its hype and the fanfare has also fizzled out. Investors remain afraid to take an entry position now as they dread to accumulate it due to the dip.
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Not many are taking an entry position now and all the social media hype has dried up. This is where Warren Buffett’s timeless advice comes into the picture for Shiba Inu. This could be the $0.00000000001 moment of 2020 where investors ‘fear’ buying SHIB, but it could soon rally in price. SHIB has defied all odds when it rallies leaving even experts wondering what and how did it just happen.
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