Doge coin and Shiba token continue to keep getting so much media attention and hype so I decided I would answer the question: should you buy Doge or Shiba token? **To save you a lot of time, the answer is to that question is neither.** #### To explain why Doge isn’t a good idea only takes 3 points: - Doge fees are 73x the fees of competing digital cash cryptocurrencies. o If you were to argue it’s digital cash, then you can’t compare to Bitcoin, you should compare it to Bitcoin Cash or Dash which currently have fees less than 1 cent while Doge is 73x at 73 cents. There are many other coins that are significantly cheaper too like Litecoin currently with fees $0.024. o You can compare fees here: https://bitinfocharts.com/comparison/transactionfees-doge-ltc-bch-dash.html#3y - They require millions of dollars per day just to not decline in value. o Doge produces approximately 10,000 coins per minute which is around 14,000,000 per day. Thus they require 14 million x the current price of Doge ($0.29107) = $4,074,980 just to keep the price from falling if the inflation is accounted for. Obviously they don’t actually need that full amount as the inflation doesn’t reflect immediately, but technically they should require millions of dollars coming in daily in order to not decline in value. - It doesn’t have good tokenomics or fundamentals. o The founders abandoned the project and there is little to no development or future for Doge and it’s completely reliant on hype and celebrity endorsement doesn’t work which we know, and I have covered in the past. #### The explanation as to why Shiba Inu ERC20 tokens aren’t a good idea requires a little more effort. These four points should sum it up: - People have a lot of misconceptions about the token like that there are redistributions to followers, it’s deflationary, there are burns for every transaction, etc. o There are currently over 410 trillions coins that have been burned listed here in the burn address which also clearly shows there aren’t coins being sent for every transaction but rather individuals who are freely burning tokens: https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce?a=0xdead000000000000000042069420694206942069 o In fact, you can follow this Twitter account that updates you everytime someone does voluntarily burn tokens: https://twitter.com/shibburn - So what is Shiba Inu token for then, what are its use case? o You hold it in hopes it will go up in value and stake it to earn bone, leash, and other sub-tokens for them to create an inflationary system without having to lessen the value of Shiba Inu to do so. Basically it’s like any other DeFi yield token trying to copy the same basic model as the rest. - The major issue with its model currently are the ETH gas fees. o To claim rewards, buy it in a decentralized, use their swap exchange, send it, sell it, and virtually anything you do with this token, you are paying extremely high ETH gas fees. While this will be somewhat alleviated in Q1 2022, it’s still so expensive that it inhibits it from being a useful token unless you only intend to hold. - They claimed to have thrown away the keys to all of the tokens locked in Uniswap o I think that generally explains why you want to stay away from this token, but don’t take it from me, take it from the creator and written clearly in the whitepaper: https://github.com/shytoshikusama/woofwoofpaper/raw/main/SHIBA_INU_WOOF_WOOF.pdf o This is found here: https://shibatoken.com/ o In the whitepaper he clearly states on page 14 that they locked their remaining tokens into Uniswap and “we threw away the keys.” To me that is the perfect setup for a future rug pull, how can you verify that they truly did this? What happened to "Don't trust, verify" being the original motto of the crypto community? It seems people have stopped caring about this ethos. Let’s bring back “Don’t trust, verify” in a real way and start doing it. - There is a large debate around what has actually been burned and how much are actually circulating o Coinmarket recently increased the supply by 155 trillion and there is an ongoing debate whether or not to include the 40 trillion in the India COVID relief fund. Refer to this article the explains more: https://www.gfinityesports.com/cryptocurrency/shiba-inu-coin-circulating-supply-changes-coinmarketcap-shib/ **Below are a few more Shiba token briefs I referred to:** https://www.coinspeaker.com/guides/introduction-to-shiba-inu-shib/ https://www.businessinsider.in/cryptocurrency/news/10-shiba-inu-coin-holders-own-71-of-the-meme-tokens-total-supply/articleshow/87347866.cms Have you invested in Doge or Shiba? Do you think they are going to keep going up? What are the use cases of Shiba and Doge? Did I miss anything or was I wrong about anything? Let me know what you think about this in the comments below and don’t forget to subscribe! ***Disclaimer: This is not financial advice and is purely for entertainment purposes.***

Time for another update on my investment portfolio and my passive income journey. We’ll be covering my recent cryptocurrency & stock purchases, stock dividends, and crypto earned from staking. This is amateur investing at its finest! **Video Timestamps:** *00:00 Intro 03:37 Stock Dividends 04:46 Crypto Income 05:36 Crypto Portfolio 07:58 Stock Portfolio 09:40 Budget 10:26 Total Portfolio Breakdown 12:43 Stock Trades 16:19 Crypto Trades 18:58 Final Thoughts & Outro* **Disclaimer: This is not financial advice and is purely for entertainment purposes. All my stock information is 100% accurate, but my crypto data may or may not be simulated** I share everything so you can follow everything I’m doing with 100% transparency. The point of doing all this is to show you that it’s possible and provide some sort of framework that can be followed. This isn’t financial advice, and you shouldn’t exactly replicate my investing. What you should do is figure out what works best for you and stick to the basics of dollar-cost averaging, investing in good assets, avoid liabilities, compounding interest, be frugal, buy low, and sell high. I cover my rules for investing here: https://lbry.tv/@ScottCBusiness:4/Investing:d Here is the breakdown for my investing and budgeting templates: https://odysee.com/@ScottCBusiness:4/If-You-Want-To-Save-Money:7 Investing Spreadsheet Template Link: https://ufile.io/71mgq19h Income Tracking Spreadsheet Template Link: https://ufile.io/frde28j9 Budgeting Spreadsheet Template Link: https://ufile.io/5bc6sxor I cover the recent stock buys I went through, share my portfolio breakdown updates, and share my thoughts on the current market. I continue to rebalance my stocks for the best yield and consolidating them down to my best stocks. I am currently making about $116.71 a month from passive income. I’ve finished powering down my Hive and so I’m not earning a lot there, I’ve sold off my MTR and so my main passive income is just from dividend stocks plus I also received $60 USD in royalties recently for my music. My portfolio is roughly rounded to about 84% crypto, 15% stocks, and less than 1% in precious metals. I threw a lot more money into crypto during the recent dip to take advantage of the price opportunity as I still believe we are in one of the biggest bull runs and it will peak around September or October based on the stock-to-flow model and the halvings. My total annual projected income from passive sources is $1,400.48. $1,262.12 of those yearly profits are coming from stock dividends, about $61.64 came from cryptocurrency staking, I already earned $16.38 from my RealT crypto tokenized real estate before I sold it, and $60.99 from music royalties. In my last update, my total portfolio value was $250,168.07 CAD. My current portfolio value with all my investments is $204,054.91 CAD. This is up about $46,000 down from last month’s total value. The unrealized loss is actually a lot worse from the peak of over $300,000, but this is how altseason usually goes. I am still very confident and put $6,000 into crypto in May. I earned $94.44 CAD from stock dividends, $0 CAD from crypto real estate, and $12.63 CAD from my last month of staking Hive and MTR staking on Den.Social. In total, I have earned about $315.90 CAD from crypto and over $753.46 CAD from stock dividends. I’ve kept my Bitcoin ETFs and will just hold through the dip. Currently, they are still way down. My portfolio in terms of sector breakdown is now 14% Utilities, 21% Insurance, 20% Banking, 20% Real Estate, and 25% into general ETFs. I’ve gotten it close to the perfect balance with what I’ve been aiming for. I’ve mostly just rebalanced within the sectors I invest in, mostly insurance, real estate, and my general ETFs. The idea was mostly to sell off my lower-performing assets and focus on better yielding assets. Again, don’t yield chase, but if you have two great stocks and one yields more, keep going for your goals. My goal is to average about a 5% yield on my portfolio and I’m currently at an average yield of 4.99%. I am currently down -43.46% on 4,300 worth of growth stocks and up 12.81% on my $28,621.22 worth of dividend stocks including dividends with all income being reinvested and compounding interest. For crypto, I invested more into BCH, LTC, ETH, & BTC. My breakdown is now 1% LBC, 5% DASH, 3% BCH, 2% LTC, 51% ETH, and 38% BTC. This is allegedly valued at $149,804.98 CAD at the time of writing this. I’ve been going all-in on BTC & ETH as I truly believe the next 4 months will be life-changing and I’m aligning my financials accordingly. Was this helpful for you? What stocks do you invest in? Do you prefer growth investing or building passive income? Do you invest in cryptocurrencies that pay out regularly? Let me know what you think about this in the comments below and don’t forget to subscribe! **This is a LBRY first video meaning it shows up on LBRY before it gets published anywhere else.**