I would never claim to understand the mind of a collector.
#Cryptocrash
- Thread starter nsacpi
- Start date
I would never claim to understand the mind of a collector.
What did the Trump coin start at initially and what is at now?
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chop2chip
Well-known member
sturg33
I
Good of the trumps to take advantage of his most loyal followers stupidity
And you know they're "loyal followers" because......?
They're investors taking risks although buying high is not a good choice.
chop2chip
Well-known member
No one has ever disputed this
No one has called for this to be illegal
It’s just unethical
40% of the people that lost money on the Trump coin were first time crypto buyers (you can see this on chain).
It was poor judgment from Trump’s team to take advantage of people that blindly trust him
That’s it
sturg33
I
Anyone dumb enough to buy that on meemaws debit card is a loyalist.
chop2chip
Well-known member
Trump’s team even did a setup that you could buy coins on a website with a credit card!
No other reason to do that unless you want unsophisticated buyers to juice the price.
Which means 60% weren't 1st time crypto investors.
It started at 1.20 and is now under 6. I'd say that's a good investment so far.
Take advantage? They're grown adults.
Easier to buy a product they want? *gasp*
zitothebrave
Connoisseur of Minors
No one who bought it at 1.20 is still holding it. I'd bet on it they were all part of the Rug pull. They almost certainly were the people on the ground floor. According to Coinbase it first traded at 6 and even then most of the people buyingit early were part of the rug pull. The meme coin was shooitng up before Trump announced it becuase it was a rug pull.
The adage about a fool and his money are soon parted is true, the issue everyone has about it is that there's a certain amount of respect and gravitas that should be held by the president. Imagine if Biden bought stock in something then shilled it at the White House. That would also be classless and unethical.
A “product” that was part of an insider trading scam.