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Replies: 22
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Ring of Honor [23309]
TigerPulse: 100%
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Joined: 2007
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Trump coin
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Jan 19, 2025, 7:39 AM
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Have you guys heard about this? Trump launched an official crypto coin on Friday night and it's now worth over $70 billion, including the 80% share of coins that he kept for himself. From $0.20/coin to it's current price of more than $70. There was an insider (probably one of Trump's kids) who bought $1 million worth of the coin 1 minute after it launched, and later sold them for $120million. It's a pump and dump like all meme coins, but who knows how high it might go.
https://www.coingecko.com/en/coins/official-trump
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Ultimate Clemson Legend [104524]
TigerPulse: 100%
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Joined: 2002
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Hawk Tuah does it and she's evil. They're lining up to sue her.
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Jan 19, 2025, 8:02 AM
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Trump? Meh. He will be fine. Trump has better advisors on this. Trump is now a crypto billionaire and he didn't even have to pay off one public official, or send anyone on any zoning committee to Cabo or Cancun for an all expenses paid vacation.
Trump will be cashing out eventually, slowly. He has four years to pump and dump.
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Ring of Honor [23309]
TigerPulse: 100%
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Joined: 2007
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Re: Trump coin
Jan 19, 2025, 8:50 AM
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Game Changer [1932]
TigerPulse: 93%
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Re: Trump coin
Jan 19, 2025, 8:58 AM
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And keep in mind, he is untouchable, completely beyond the reach of the law. Teflon Don.
Even if he commits crimes that are not official acts, he knows that he will not be prosecuted.
It’s clear he’s going to apply no regulation to the crypto industry.
This is easy money for him. Pump and dump. Tens of millions, maybe be a couple billion, pretty easy to do.
These activities can become a little more sustainable and long-term, if he puts a portion of the US government reserves in crypto, ideally $Trump coin. Then he convinces central banks around the world to put X percent of their reserves in crypto. Then if he convinces them to put X percent into $Trump coin, he and his kids can become the richest people in the history of the world by far.
And there’s no going back. Nobody will be able to retrieve that money from them.
And there’s no way to prosecute them. The Maga folks that voted for him because he was going to lower the price of gasoline or eggs will still be living paycheck to paycheck and Trump will be 10 times richer than Elon Musk.
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Game Changer [1663]
TigerPulse: 86%
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Re: Trump coin
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Jan 19, 2025, 11:39 AM
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Trump is your President
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TigerNet Legend [147418]
TigerPulse: 100%
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Posts: 66699
Joined: 2000
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Who are you?
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Jan 19, 2025, 3:42 PM
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Either contribute to discussions, or piss off.
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Commissioner [1247]
TigerPulse: 93%
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Things like this and the DJT stock are the entire
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Jan 19, 2025, 9:32 AM
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reason he ran for office in the first place- to enrich himself and his family and friends. It’s why he spent so much time on the golf course his first term instead of working, he doesn’t care about the American people and only cares about himself.
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Dynasty Maker [3351]
TigerPulse: 99%
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Grifter or gifted maverick
Jan 19, 2025, 10:07 AM
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It just depends on your willingness to believe.
The Kayfabe Century marches on….
The hangover from the next four years will be very bloody.
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Game Changer [1932]
TigerPulse: 93%
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Re: Trump coin
Jan 19, 2025, 10:37 AM
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It’s just stunning how 38% of Americans are so naïve and gullible.
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TigerNet Champion [118508]
TigerPulse: 100%
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Joined: 2003
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Re: Trump coin
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Jan 19, 2025, 5:34 PM
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you only get 20 cents on the dollar, Trump family gets the rest, but YOU are in the hook for the entire 100% when the rug is pulled dout. it is a Ponzi scheme, avoid.
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Ultimate Tiger [36524]
TigerPulse: 100%
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Joined: 2015
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Re: Trump coin
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Jan 20, 2025, 8:12 AM
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What in tarnation.
Who spends their money on this ####, I mean seriously? Imaginary internet tokens, I’ll pass.
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Ring of Honor [23309]
TigerPulse: 100%
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Joined: 2007
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Re: Trump coin
Jan 20, 2025, 8:25 AM
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It's a scam, but you could have made a lot of money if you got in early enough. I'm sure the people who were told about it ahead of time all did very well for themselves.
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Top TigerNet [29270]
TigerPulse: 100%
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Joined: 2011
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Lol. Dude, it's such an effed up ecosystem
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Jan 20, 2025, 9:27 AM
[ in reply to Re: Trump coin ] |
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Being a degenerate, obviously I had to get in on this action ...
In order to even get the right crypto to buy these things is a PITA.
All of this "regulation" has made it so cumbersome. By the time I got into Sol to buy Melanias it had already 2x'd.
My position is hovering around 3x.
This is nothing serious. Good to learn how this ecosystem works, and now I gotta couple g's in there to sling crayons at memes.
To play devil's advocate, what's the difference in this and Ackman pumping Fannie and Freddie? Same thing right? I'm up big in those too
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Ultimate Tiger [36524]
TigerPulse: 100%
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Joined: 2015
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Re: Lol. Dude, it's such an effed up ecosystem
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Jan 20, 2025, 9:33 AM
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I just fundamentally cannot wrap my brain around these worthless “currencies,” no matter how many times I hear comparisons to fiat money, or pumping stocks, etc, I cannot grasp the concept of people spending money to obtain something that was invented from thin air and has no underlying value.
It’s all highly suspect to be honest, and absolutely reeks of exploiting vulnerable people. How is pumping and dumping your $diarrheacoin to your social media following any different than Sunjeep cold calling people’s memaws selling them “antivirus software”?
I also never understood the whole “NFT” thing either. I’m aware this might make me sound like old man yelling at cloud to people who are cool and hip enough to be in it but… I don’t know man, I think I’ll stick with investing my money in things that actually exist.
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Top TigerNet [29270]
TigerPulse: 100%
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Joined: 2011
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Two different things
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Jan 20, 2025, 9:43 AM
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Trump coin isn't a currency. Like a Bitcoin. Or even Solana. It's just some NFT like meme coin #### that you purchase on Solana.
Don't allow these to get conflated.
I agree with you in principle. But I'm a guy who thinks the mona Lisa and my 3 year olds scribble hold the same value. Meaning, don't get hung up on the what. Trade the tape and get in and get out.
I don't take many investments "seriously". For example, I threw $400 at NFL playoff games yesterday.
Those that I do, I trade looking at all macros with actual impactful capital allocations.
So I don't understand it either. I know how to get in and get out and I know how to trade momentum. And I have an extremely regarded high appetite for risk ha
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Ultimate Tiger [36524]
TigerPulse: 100%
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Re: Two different things
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Jan 20, 2025, 9:45 AM
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You’re gonna get rugged amigo
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Top TigerNet [29270]
TigerPulse: 100%
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Joined: 2011
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Very well could
Jan 20, 2025, 9:53 AM
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Less than half a percent overall portfolio risk for something that could 5 or 6x?
Why not.
That's the risk
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Tiger Titan [47087]
TigerPulse: 100%
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Posts: 42262
Joined: 1998
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The people laughing all the way to the bank...
Jan 20, 2025, 10:10 AM
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Are the ones who collect real money for fake Internet money.
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Top TigerNet [29270]
TigerPulse: 100%
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Joined: 2011
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Vast majority of my trading strategy
Jan 20, 2025, 10:35 AM
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Is simply a conduit to stacking more BTC.
I know that's gonna get y'all boomers clacking haha but IRDGAF
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Tiger Titan [47087]
TigerPulse: 100%
58
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Joined: 1998
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I got some Monopoly money you should invest in. Get it while it's hot.***
Jan 20, 2025, 10:09 AM
[ in reply to Re: Trump coin ] |
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Top TigerNet [29270]
TigerPulse: 100%
55
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Joined: 2011
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Bro that's already a quarter of my allocation
Jan 20, 2025, 10:34 AM
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The green stuff with an old guy, long hair gotta smirk on his face? Got a blue band on it?
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All-In [10893]
TigerPulse: 100%
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Joined: 1999
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Trump's brilliance on display again. Just think of all the capital gains taxes
Jan 20, 2025, 4:52 PM
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what will be paid as rubes buy-and-sell these digital baseball cards.
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Game Changer [1932]
TigerPulse: 93%
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Re: Trump coin
Jan 20, 2025, 7:43 PM
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Have you Trumpers figured this out yet? See what Trump is doing? I doubt it.
Most of you won’t even pick up on it for a few years.
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Replies: 22
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