Yes, shiny pokemon can be breed. However, breeding shiny pokemon does not increase the chances of having shiny offspring, except for in Generation II games.
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No, the egg will not be shiny. However, it is possible that the egg will hatch into a shiny Pokemon, but the chances of getting a shiny Pokemon from the egg are not any higher than they would be if the ditto were not shiny.
There is a chance, but not usually. You can get shinies from eggs of normal colored Pokemon, but that's even rarer than encountering a shiny or getting a shiny from an egg laid by a shiny
In the second generation, you had a 50% chance of getting a shiny Pokemon this way, but in the 3rd generation onwards, chances were decreased and you did not have a better chance of getting a shiny Pokemon by using this method. Additionally, you won't know if the baby Pokemon will be shiny until it hatches because eggs containing shiny Pokemon do not look any different from eggs that contain non-shiny Pokemon.
you need 2 breed 2 Pokemon f the same and both have 2 be shiny and diffrent gender and you get a shiny Pokemon (you can do this Evan if u don't have action replay)lol That's bullcrap. Well actually when you breed two shinys you can have a greater chance of having a shiny from generation III and below.
A golden Margikarp is a shiny margikarp, and as with other shiny Pokemon, there is only a 1/1892 chance of getting a Shiny(golden) magikarp. Breeding a Shiny Gyarados or a Shiny margikarp with another shiny Pokemon THAT CAN BREED WITH GYARADOS/MARGIKARP may have a higher chance of breeding a shiny magikarp. You can also trade the shiny gyarados from Pokemon Gold, Silver, and Crystal version.