President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.
Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.
- It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
Meme coins are a scam, yes. Coins with ETFs are legit. Buy BTC and stake ETH; ignore the rest.
Staking is a system where rich people get money for owning money. Sounds like a scam
We literally have (what I think is) a scam instance with a bunch of accounts made in the same day that’s been online in the fedi for about 20 days now @realbitcoin.cash. Why is there a fedi instance seemingly making fake accounts to pump bitcoincash? Doesn’t Bitcoincash have an ETF?
Why were all the accounts made on the same day if this is organic and not an admin making a bunch of accounts?
Sorry man, this kind of stuff doesn’t pass my personal sniff test (you do you), and the fact that it’s already here doesn’t make me go “gosh this isn’t a scam at all.”