The Shiba Inu lead developer has proposed ways to keep cryptocurrency investors strong amid the ongoing price dip.
A personal medium post: The Semicolon Tattoo
https://t.co/dQhnw72e3I— Shytoshi Kusama™ (@ShytoshiKusama) May 12, 2022
Cryptocurrency investors have suffered tremendous losses over the past few days, with the total market crashing over 30% in the last seven days.
Investors’ Reaction to Price Dip
A series of investors’ capitulations have been reported and many are yet to fathom when the current crypto dip will end.
Many investors have seen their life savings become insignificant over the last couple of days, especially people who are heavily invested in Terra-related cryptocurrencies, and on top of the ugly incident, the Fear, Uncertainty, and Doubt (FUD) will not stop.
Reports have emerged of some cryptocurrency investors committing suicide as they cannot endure their losses over the past few days.
Suicide Is Not An Option
Based on recent developments in the cryptocurrency market, Shytoshi Kusama, the lead developer of Shiba Inu, has urged digital currency investors to stay strong regardless of the massive dip currently being experienced in the market.
The pseudonymous Shiba Inu lead developer said he had also gone through difficult moments in life that prompted him to contemplate suicide on numerous occasions. However, all attempts he made to end his life ended in futility.
“Many nights I wondered why I even exist, and once (or twice), decades ago, I attempted to leave this earthly sphere as the hurt and pain were too much to bear. Except I didn’t go. Tried it. Didn’t work,” the pseudonymous Shiba Inu lead developer said today in a Medium post.
Shytoshi Kusama reckons that maybe the reason why all attempts to end his life failed was that he has a greater purpose, adding:
“Now, years later, I stand before you whole, focused, and wise enough to tell you that if I have a purpose, so do you. And leaving is not it.”
“Cryptos Will Always Be Here”
Shytoshi Kusama noted that killing oneself over cryptos is not worth it because the nascent industry will always be here and will come out stronger like it has always done in the past.
He called on investors going through difficult times to talk to family and friends in the cryptocurrency space to help keep their hopes alive until things stabilize once again.
“Though the market is down for everyone, a simple news check should remind you that adoption isn’t going to slow. In fact, the adoption of crypto by multiple countries, industries, and elites, should let us know that Digital Currencies are the future,” he added.
In the end, he said that Crypto is the future:
“The final thing I want to say. Though the market is down for everyone, a simple news check should remind you that adoption isn’t going to slow. In fact, the adoption of crypto by multiple countries, industries, and elites, should let us know that Digital Currencies are the future.”
SHIB Down 25% In 24 Hours
Meanwhile, the massive dip that has rocked the cryptocurrency market in the past few days did not spare Shiba Inu’s native token SHIB.
SHIB, which was trading above $0.00002000 on Thursday last week, fell to a low of $0.00000914, data on Coingecko shows.
The cryptocurrency is also been down over 25% in the last 24 hours, thus causing further panic across the Shiba Inu community.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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