• TommySoda@lemmy.world
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    3 days ago

    All I’m gonna say is that with the large number of pump and dump crypto schemes that have happened over the years, if you’re still falling for it I have no sympathy for you. Everyone thinks they’re gonna be the one to cash out and leave everyone behind whereas most everyone are the ones being left behind.

      • jonne@infosec.pub
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        3 days ago

        It’s both. Eventually the value will drop to 0 once Trump is out of office, but in the meantime he’ll just use it in the same way the Trump hotel was used in the previous admin.

          • jonne@infosec.pub
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            2 days ago

            Yeah, they’re selling off initially, but Trump controls 80% of the currency, so they’ll pump and dump it continuously over his presidency. All he needs to do is post some ridiculous thing about making the treasury buy some or whatever and it’ll bump right back up again.

  • BetaDoggo_@lemmy.world
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    3 days ago

    The most important part to note is that 80% is held in a single wallet. The rug pull potential is high even by crypto standards.

    • Theoriginalthon@lemmy.world
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      3 days ago

      It’s too volatile, it jumped up 10% in 30 seconds then back down 20% in the following couple of minutes. If you like playing with fire go for it

  • [email protected]@sh.itjust.works
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    3 days ago

    I’m curious about the dump. If trump were exactly idiot enough, he’d attempt to establish trumpbux as a secondary US currency. It’s hard to say whether he’ll try it.

  • Alteon@lemmy.world
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    3 days ago

    If you buy into this…<inhales>…hahhaahhahahahhahahahHAHAHAHAHAAJHAHJAJAJJAhahhahaha…you dumb, dumb, dumby dumb person. You are going to loose it all and I will not feel bad at all. This is coming from someone who actually invests in crypto.

    Do not buy this coin if you know what’s good for you.