Bitcoin / Cryptocurrency Discussion (And Predictions)

[ZackerySprague]

Anyone get into $TRUMP coin?

Australian Banks are super anti crypto and kept declining my deposit when I saw it at $3. Crazy to see

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Did Trump just drop $TRUMP meme coin on Solana? Token explodes to $8 billion market cap in less than three hours

Oh look another memecoin.

 

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[EmotionEngine]

There are people who made six figures in 12 hours with an investment of only $800. There is also things questionable like this. How did this individual know? With Gensler out, things are going back to prehistoric from wild west....

Also 80% owned by one wallet.

 

[AceVentures]

And when they've had enough punishment, gouging their eyes in disbelief as people make money on trump and frog coins while their timely trades get liquidated, then they'll buy the next top.

Many more eyes will be gouged in disbelief.

 

[EvanOkanagan]

Sell all my bitcoin to buy equal holdings of Fartcoin and $Trump? It's so tempting

 

[GPM]

Sell all my bitcoin to buy equal holdings of Fartcoin and $Trump? It's so tempting

This sounds like a solid plan that has zero downside risk!!!

 

[NobodyMillionair]

There are people who made six figures in 12 hours with an investment of only $800. There is also things questionable like this. How did this individual know? With Gensler out, things are going back to prehistoric from wild west....

Also 80% owned by one wallet.

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Crypto is always PvP. WAGMI was always a lie.

 

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[Timmy C]

You have the President of a country scamming people with a memecoin. Couldn't think of a better way to destroy your reputation than doing that.

I don't think he cares though, he got the masses to by his BS politico spin, as if he would ever change anything lol. None of them will change shit, and now trumpy is laughing to the bank.

 

[Innervation]

Sell all my bitcoin to buy equal holdings of Fartcoin and $Trump? It's so tempting

Thats what I did. Don't hold bitcoin but I put my whole portfolio into Trump and Fartcoin.

 

[NewManRising]

There are people who made six figures in 12 hours with an investment of only $800. There is also things questionable like this. How did this individual know? With Gensler out, things are going back to prehistoric from wild west....

Also 80% owned by one wallet.

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Like usual, it's people part of the launch team, influencers, and/or their friends who got the heads up to load up before hitting the general market.

The thing to always remember when you see this, realize 99.9% of everyone else will be losing money and not get anywhere near these gains.

 

[ZackerySprague]

And now we have a Melania coin, the shenanigan's never stop. Lovely.

 

[AceVentures]

If Donald Trump comes out today or this week or this month and says something along the lines of: "America is going to create and fill a strategic bitcoin reserve and commit to X BTC acquisitions per year until Y percentage of the network is secured by America".

Price go up or down?

 

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[AceVentures]

If Donald Trump comes out today or this week or this month and says something along the lines of: "America is going to create and fill a strategic bitcoin reserve and commit to X BTC acquisitions per year until Y percentage of the network is secured by America".

Price go up or down?

Is it crazier to own bitcoin or not own bitcoin?

If you've been sidelined for one reason or another, what's your position on BTC or the crypto market? Why are you not participating?

 

[MJ DeMarco]

The wise would sit majorly in cash and wait to accumulate again in 2028.

Or by 2028, I could increase my net worth by another $5M-20M by working my business ventures with 99% less risk.

Price go up or down?

I'm guessing up, due to limited supply and increasing demand?

Seems like simple economics.

 

[ZackerySprague]

Is it crazier to own bitcoin or not own bitcoin?

If you've been sidelined for one reason or another, what's your position on BTC or the crypto market? Why are you not participating?

I have my personal reasons, but I've seen how the technology has gone way out of context to something that was suppose to be another way to transact between two parties, to an investment asset vehicle that can be very volatile or used for nefarious purposes.

Research paper for BTC was pretty good and explains how it was suppose to be used.

I would say it's crazier to own, than to not own. But who knows we also are worrying about the American dollar and it's losing value.

Memecoins are the worst, because they can be rugged pulled. Someone who was looking for a quick return, could lose entire savings (if they poured all of their life savings that's is).

I see it as a risk. I'm not willing to take so, I don't partake.

 

[GPM]

I like how Uncle GC talks about bitcoin and crypto. He says put all your time and effort into a business that you know can make you money. Once you have extra cash floating around, go nuts and buy BTC at that point in time.

I think that is pretty spot on. If you don't have a business that is generating income for you, why are you worried about buying into crypto just yet?

On a happy side note, the coin I have been mining on the side has taken the most massive dump I have ever seen in the last 3 months. Just straight down lol. Oh well, at least my house is warm.

 

[AceVentures]

I'm guessing up, due to limited supply and increasing demand?

Seems like simple economics.

Would appear so to me as well.

Idk if anybody keeps up with this stuff but Trump, Saylor, Trump's kids, RFK, David Sachs as Trump's new AI/Crypto Czar and a bunch of other members of his administration are unwavering crypto advocates. And these guys are all hanging out together cozying up next to each other. I mean Trump launched a memecoin on Solana ffs and he's launching his World Liberty crypto holding co.

Could it be that simple of a bet? Front-run G20 governments FOMOing into coins?

"We're still early?"

Seems like a no-brainer bet to me. Maybe I'm a fool? Anyway that's why I'm still holding.

 

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[MitchC]

Would appear so to me as well.

Idk if anybody keeps up with this stuff but Trump, Saylor, Trump's kids, RFK, David Sachs as Trump's new AI/Crypto Czar and a bunch of other members of his administration are unwavering crypto advocates. And these guys are all hanging out together cozying up next to each other. I mean Trump launched a memecoin on Solana ffs and he's launching his World Liberty crypto holding co.

Could it be that simple of a bet? Front-run G20 governments FOMOing into coins?

"We're still early?"

Seems like a no-brainer bet to me. Maybe I'm a fool? Anyway that's why I'm still holding.

I bet on gold and silver thinking he'd go that way when it came to fixing money

I just didn't see it being a possibility that he doesn't end the fed

How could someone with the intentions and knowledge he has ignore it

Looks like I was right but wrong

Either way I'm glad to be out of crypto, Mj is right, focus on business

 

[Roli]

And now we have a Melania coin, the shenanigan's never stop. Lovely.

The first presidential and first lady rug, how sweet. But seriously, is nobody bothered about the PRESIDENT rugging his fans?

Lolz, I guess not.

 

[Kak]

I just wish I would have thought of starting micro strategy. He did this right. He will be rich no matter what happens to Bitcoin.

Reminds me of Cathie Wood. Who would have thought to just offer a stupid ETF loaded with the most frothy popular stuff…

It worked well for her. Worth a quarter billion.

When will I learn not to provide value…

 

[ZackerySprague]

The first presidential and first lady rug, how sweet. But seriously, is nobody bothered about the PRESIDENT rugging his fans?

Lolz, I guess not.

I think it's just a matter of ethics and education on what you would be doing. I say to my friends and family to remember what happened to SBF, but this trend still continues. Crypto will always been seen as an investment vehicle of quick returns. Put in $20 dollars and you get $40.

It's the meme coins I worry about the most. Hawk Tuah girl is a great example of a rug pull. But maybe got to give them the benefit of the doubt. They might not really know how the technology works and it's more of the people in the background who do.

With fiat currency though, Mr.Powell from thr Federal Reserve did admit that all he did was add a couple more zeros at the end of the a bank balance digitally and printed more money.

 

[NewManRising]

The first presidential and first lady rug, how sweet. But seriously, is nobody bothered about the PRESIDENT rugging his fans?

Lolz, I guess not.

Trump actually said on video like a day ago he is not involved at all with the Trump memecoin. People also have bad memory. There have been MANY Trump coins before this.

Also, I don't think you have the right definition of a rug pull. Market pull backs or people selling off is not a rug. A rug is when the developer of a coin pulls out all the liquidity because they own 90% or so of the coin.

The people that trade memecoins take a huge risk much more than regular traders and holders of crypto. Memecoins are already a gamble, but the people who get screwed worse are those that jump on memecoins and do not look at any of the data to determine that the dev or the team hold almost all the coins. This is when there is a rugpull.

All the problems with memecoins will keep happening because the people that gamble with them will remain stupid and keep buying them.

That is why celebrities keep coming out with memecoins and then rugging their fans. Hawk Tuah girl, Iggy Azalea, Andrew Tate, Mr Beast, Snoop Dog, and a whole bunch of others have done it. But people never learn.

 

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[AceVentures]

Either way I'm glad to be out of crypto, Mj is right, focus on business

Why not both?

I'm focused on the problem I solve and the value I provide. I also hold BTC.

Last time I bought was in 2023. Then I bought a small bag of ETH which has really underperformed.

These trades didn't force me to abandon what I'm doing. I'm not watching 1 minute charts and trading coins.

I make a simple bet, that this meme, this BTC idea, that central-bank issued currency will become debased in relation to BTC, will continue to become more popular under Trump's regime.

Not in a straight line. Not continuously. But in an event that this administration starts buying BTC as a strategic reserve, then it will invite G20 members to follow suit. I think there's a good likelihood of something like that happening in the near future.

Obviously the bet can turn out to be wrong.

But I think it's possible to take that bet on a particular asset without abandoning my day-to-day efforts in value-accretive businesses.

What I've seen with the people in my own life is that most of them ate dust with crypto because they would rather be right than be rich. Their risk-averse attitude which keeps them in the slow-lane also prevented them from trying out a little bit of strange with this coin stuff.

My personal opinion of this crypto stuff is that it's largely bullshit. But in clown world, I'm bullish on bullshit.

 

[Roli]

Trump actually said on video like a day ago he is not involved at all with the Trump memecoin. People also have bad memory. There have been MANY Trump coins before this.

Also, I don't think you have the right definition of a rug pull. Market pull backs or people selling off is not a rug. A rug is when the developer of a coin pulls out all the liquidity because they own 90% or so of the coin.

Lol, he literally tweeted about it on his official account, as did Melania.

The coins were 90% owned and the liquidity was suddenly pulled. That is, and always will be, a rug.

Now, mental gymnastics your way out of that one!

 

[Roli]

It's the meme coins I worry about the most. Hawk Tuah girl is a great example of a rug pull.

Your president and his wife just did exactly the same thing. Pumped a coin on Twitter, coin 90% owned, devs sell as soon as it hits a certain market cap.

This is quite hilarious, he's the effing president and he is scamming people in front of their eyes and nobody cares. It's quite remarkable. Anyway, I guess you guys are happy, scam or not, you got the president you wanted. Onto the next one.

 

[Timmy C]

Trump actually said on video like a day ago he is not involved at all with the Trump memecoin. People also have bad memory. There have been MANY Trump coins before this.

How gullible are you?

 

[NewManRising]

Lol, he literally tweeted about it on his official account, as did Melania.

The coins were 90% owned and the liquidity was suddenly pulled. That is, and always will be, a rug.

Now, mental gymnastics your way out of that one!
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Well, he's on video saying he has nothing to do with it. You do realize that wealthy people and celebrities do not run their social accounts, right?

Also, looking at the coin now, I do not see evidence of a rug pull. No such event occurred where they pulled all the liquidity out.

This isn't even about crypto. I can sense from your posts you just hate Trump. You are not alone, everywhere I go online I see everyone whining about him.

 

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[NewManRising]

Your president and his wife just did exactly the same thing. Pumped a coin on Twitter, coin 90% owned, devs sell as soon as it hits a certain market cap.

This is quite hilarious, he's the effing president and he is scamming people in front of their eyes and nobody cares. It's quite remarkable. Anyway, I guess you guys are happy, scam or not, you got the president you wanted. Onto the next one.

Cry somewhere else about politics and Trump. This never occurred. Seriously, every board I go to has nothing but adults whining about Trump. It gets nauseating.

 

[GPM]

70% of the American dollar is held in the hands of the rich, thus tying up liquidity. Biggest rug pull ever.

Continue on sheep. Continue on...

On a serious note though, does the 99% drop in purchasing power count as a super slow train wreck of a rug pull? I guess the crypto pulls happen a lot faster so people cry about it because they can see it. Erode purchasing power to zero over the course of 60 years and no one bats an eye.

 

[heavy_industry]

70% of the American dollar is held in the hands of the rich, thus tying up liquidity. Biggest rug pull ever.

Continue on sheep. Continue on...

I've said previously that fiat currency is the world's most successful fairy tale.

• Backed by nothing.
• Valued at what people believe it's worth.
• True value: the paper it is printed on.
• Can be created out of thin air with no limits or immediate penalties.
• And - the cherry on top - banks are allowed to lend money that doesn't even exist.

But before we call it a scam and a piece of shit, we need to remember that we also happen to live in the most prosperous time in history - which happened under the current monetary system.

This begs the question:

Did we get here BECAUSE of how fiat currency works? Or in spite of it?

Having a currency that is devaluing by the day means that you cannot just hoard it and hope for the best.

You HAVE to keep exchanging it, thus creating more opportunities for the other participants in the market.

This is happening even if you keep your money in the bank. It's not actually kept in the bank. It's immediately loaned to other people who pour your money back into the economy, thus perpetuating this never-ending stream of currency that keeps the world moving.

I'm out of my depth and not sufficiently educated in economics (yet) to draw any meaningful conclusion, but I think this is an idea worth pondering.

 

[Roli]

How gullible are you?

Very, and that's the point.