Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have been battered recently, and it seems fated that these coins might make another attempt at high prices at some point in the future. But does that mean you should buy the dip with your hard-earned cash today in anticipation of that?

Dogecoin（Crypto：Doge）和Shiba Inu（加密貨幣：Shib）最近受到了毆打，似乎這些硬幣可能在將來的某個時候以高價嘗試另一次嘗試。但這是否意味著您今天應該用您來之不易的現金購買蘸醬？

If Dogecoin and Shiba Inu were worth buying, they would need to meet several criteria as part of their investment theses.

如果Dogecoin和Shiba Inu值得購買，那麼他們將需要符合幾個標準，作為其投資論文的一部分。

First, they would need a clear mechanism by which they generate value and pass that value on to investors.

首先，他們需要一種清晰的機制，通過它們產生價值並將其價值傳遞給投資者。

There's a big problem here. Neither of these two coins can gain in value by anything other than investor sentiment and, more generally, speculative betting on their future prices.

這裡有一個大問題。這兩枚硬幣都無法通過投資者的情緒來獲得價值，更普遍地是投機性的投注。

As price creates sentiment and vice versa, the fact that their prices have fallen recently bodes poorly for their prices during the near term.

由於價格會引起人們的情緒，反之亦然，在近期的價格上，他們的價格最近下降了很差的事實。

Second, these coins would need to have a value that could be expected to hold up over the long term.

其次，這些硬幣將需要具有長期預期的價值。

On this point, the picture is actually a bit more favorable for Dogecoin and Shiba Inu. They've both been around long enough for investors to expect that they will still be actively traded five years from now, as time hasn't ground them to zero, and there are enough holders that the further passing of time probably won't either.

在這一點上，圖片實際上對Dogecoin和Shiba Inu更有利。他們倆都已經足夠長時間了，投資者可以期望他們從現在起五年後仍會積極交易，因為時間還沒有將它們降至零，而且有足夠的持有人，以至於時間的進一步過去也可能不會。

Part of the reason that is true is that they both have a brand value of sorts, stemming from their legacy as meme coins whose values went to the moon (and back) more than once.

真正的原因是，他們倆都具有各種品牌價值，這是由於他們作為模因硬幣的遺產而引起的，其價值不止一次地登月（和返回）。

Finally, and this is the hardest of all, to be worth buying, there needs to be a justification for allocating your scarce capital to these coins rather than a significantly safer alternative crypto investment, like Bitcoin (CRYPTO: BTC).

最後，這是值得購買的最困難的，需要將您的稀缺資本分配給這些硬幣，而不是像比特幣（Crypto：BTC）這樣的更安全的替代加密投資。

During the past five years, that coin's value increased by more than 1,000%. Are you sure that buying Dogecoin or Shiba Inu right now would match that?

在過去的五年中，該硬幣的價值增加了​​1,000％以上。您確定現在購買Dogecoin或Shiba Inu是否會與之匹配？

The real dip is yet to come

真正的蘸醬尚未到來

One of the magical things about meme coins is that their price can go down by 60% in a few months, only to then drop another 60% in the next few months, and then again, until your money is almost entirely gone.

關於模因硬幣的神奇之處之一是，它們的價格在幾個月內可以下跌60％，然後在接下來的幾個月中再下降60％，然後再一次，直到您的錢幾乎完全消失了。

Most investors would then proceed to sell the coins at the very bottom, locking in their losses.

然後，大多數投資者將繼續在最底部出售硬幣，鎖定損失。

Neither Dogecoin nor Shiba Inu have a solution for those two problems. They've both exhibited that same price volatility, much to investors' chagrin. They will do so again, too.

Dogecoin和Shiba Inu都沒有解決這兩個問題的解決方案。他們倆都表現出同樣的價格波動，這對投資者的惱火而言非常重要。他們也會再次這樣做。

You could easily buy this dip for both coins, only to see their prices fall even further.

您可以輕鬆地購買兩枚硬幣的蘸料，只是看到它們的價格進一步下降。

But what if you bought the next dip, too? Eventually, you'll run out of spare capital and be sitting on hefty losses. If you were then patient, the coins might recover during a speculative binge, which would give you a chance to sell.

但是，如果您也購買了下一個蘸醬怎麼辦？最終，您將耗盡備用資本，並遇到巨額損失。如果您是耐心的話，硬幣可能會在投機性的狂歡期間恢復，這將使您有機會出售。

But hope is not an investment strategy.

但是希望不是投資策略。

Nor is timing the market by buying these coins when their prices appear to be fully bottomed out. By doing that, you're denying yourself the possibility of taking the same action with a safer asset like Bitcoin, which is far more likely to recover, and doesn't need a feverishly speculative environment to flourish in the long term.

當這些硬幣的價格似乎完全觸底時，購買這些硬幣也不是通過購買這些硬幣來計時的。通過這樣做，您否認自己有可能使用比特幣這樣的更安全的資產採取相同的行動，該資產更有可能恢復，並且不需要狂熱的投機環境即可長期蓬勃發展。

And there's no guarantee that you'll time your purchases accurately, either.

而且不能保證您也可以準確地計時購買。