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Thoughts on Trump making $25 billion overnight by launching his own cryptocurrency?

My thought is anyone investing in anything Trump is a gullible dipshit, however, this is really nothing more than legalized bribery from oligarchs to Trump for political favors.
Even the person who made $150,000,000 overnight??? Doesn't sound that gullible to me, but, we do know why you're a hateful, petty, little leftist poor now, don't we?!!!
 
It's pretty obvious; as usual, most of the sisters here in the peanut gallery, don't have a frigging clue how this works or what's going on. What they do know, is someone made some money, so they have to HATE, HATE, HATE those SOBs since that's a whole lot easier than learning how to make money! 🤡
 
I posted this in the crypto thread but the other day I had a client come in that sold $2.5m of bitcoin last year.

Get this, his cost basis was $10k.

Yes, you read that right, ten thousand dollars.

Largest gain I’ve ever had to figure up.
Well, considering a coin was a penny 16 years ago and is trading at roughly $105,000 this morning, that pretty small tatters. What year did he buy?

What price did he sell at and why now?
 
I know...I know....let's impeach him......oooops...
Nah. Just saying if you claim to be on a certain 'side' you need to hold them to the same level of accountability.

Ffs, in her Senate hearing the other day Kristi Noem was advocating for the CIA to play a bigger role in surveilling Americans who may become radicalized.

That's not only NOT their responsibility it's illegal.

The power goes to everyone's head. 🫠
 
Nah. Just saying if you claim to be on a certain 'side' you need to hold them to the same level of accountability.

Ffs, in her Senate hearing the other day Kristi Noem was advocating for the CIA to play a bigger role in surveilling Americans who may become radicalized.


That's not only NOT their responsibility it's illegal.

The power goes to everyone's head. 🫠
Please do, signed, the New Orleans victims..........
 
Well, considering a coin was a penny 16 years ago and is trading at roughly $105,000 this morning, that pretty small tatters. What year did he buy?

What price did he sell at and why now?
If I remember correctly it was 2014.

Why sell it now?

Huge gain and you never know where BTC is going. Highly volatile and many think it’s a “worthless” investment. Investors like Buffet wouldn’t buy $100 of it.

This guy lives in small town Iowa.

Life changing money.
 
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If I remember correctly it was 2014.

Why sell it now?

Huge gain and you never know where BTC is going. Highly volatile and many think it’s a “worthless” investment. Investors like Buffet wouldn’t buy $100 of it.

This guy lives in small town Iowa.

Life changing money.
Volatility = profit....trade dat shit, but I doubt he was.

There's a lot of small town and common sense folks sitting on a coin or two or more...the kind of folks who drink Keystone, eat white bread and the liberal elite hate...it's as American as apple pie.

One of the crypto talking heads I listen to from time to time, was asked, "where do you see $BTC in a year." He laughed and and said, "how can I answer that when I don't have a clue where it will be in 10 minutes." That said, to me, the path from here looks clearer than it ever has.......famous last words! lol Just soooo many amazing stories out there!! As John Cougar said, "Ain't that America something to see!"
 
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I’ve worked hard in my career, acted with integrity and things the “right” way, and have tried to instill these qualities in my kids.

This kind of stuff makes me feel like a sucker.
You are a sucker....for settling for 3% from Milburn Drysdale at the Commerce Bank of Beverly Hills!
 
I’ve worked hard in my career, acted with integrity and things the “right” way, and have tried to instill these qualities in my kids.

This kind of stuff makes me feel like a sucker.

Some people were probably kicking themselves for missing out on Enron, until they weren't. This far into crypto I would say it's best use cases are fraud, extortion, laundering, and just crime in general. Looks like there was certainly some people alerted to "invest" on Trump coin before hand, and many of those already cashed out.

When you think about a meme coin like this Trump coin, it was created out of thin air with no value on it until people put money in it. Of course in this period of creating it out of thin air, some employees, owners, and insiders are given stake. It is worth literally nothing until people start adding money, adding money is about the only thing that will increase price unless they have a coin burning mechanism which can also adjust the price somewhat but only after money is in the system.

So an issue is some people have stake which was created from nothing, when they pull out they essentially take money from other people. That creates a bit of a situation if enough people leave because enough money was taken out of the system by people that had no money in the system so some people will be left with their money stick because of a lack of exit liquidity.

It's a pump and dump and a Ponzi. It is also gambling. It will be really interesting when the ecosystem fails. It could take a while because they keep creating new coins, advertise them or hype them, and pull in more suckers. This is going to be interesting to look back on in history books.
 
FACTS:

"The degenerates are dumping Ethereum, Doge, Pepe, XRP, Cardano, Tron, Avalanche, Hedera Hashgraph, Litecoin, Shiba Inu, Chainlink, and Uniswap to fund their Trump coin gamble.

You know what they’re not selling? Bitcoin.

Bitcoin is not a shitcoin. Learn the difference."
 
Some people were probably kicking themselves for missing out on Enron, until they weren't. This far into crypto I would say it's best use cases are fraud, extortion, laundering, and just crime in general. Looks like there was certainly some people alerted to "invest" on Trump coin before hand, and many of those already cashed out.

When you think about a meme coin like this Trump coin, it was created out of thin air with no value on it until people put money in it. Of course in this period of creating it out of thin air, some employees, owners, and insiders are given stake. It is worth literally nothing until people start adding money, adding money is about the only thing that will increase price unless they have a coin burning mechanism which can also adjust the price somewhat but only after money is in the system.

So an issue is some people have stake which was created from nothing, when they pull out they essentially take money from other people. That creates a bit of a situation if enough people leave because enough money was taken out of the system by people that had no money in the system so some people will be left with their money stick because of a lack of exit liquidity.

It's a pump and dump and a Ponzi. It is also gambling. It will be really interesting when the ecosystem fails. It could take a while because they keep creating new coins, advertise them or hype them, and pull in more suckers. This is going to be interesting to look back on in history books.
Good post.

It’s just generally galling to me to see a lying, unethical, corrupt piece of shit like Trump operate with impunity.
 
FACTS:

"The degenerates are dumping Ethereum, Doge, Pepe, XRP, Cardano, Tron, Avalanche, Hedera Hashgraph, Litecoin, Shiba Inu, Chainlink, and Uniswap to fund their Trump coin gamble.

You know what they’re not selling? Bitcoin.

Bitcoin is not a shitcoin. Learn the difference."

Buttcoiners are praying that the US taxpayers will find their exit liquidity via a "strategic reserve."
 
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