I just read that the Trump family supposedly raked in a billion from crypto this year. Not really shocked though. I personally think the actual number is way higher. Just look at how their projects performed and how they tanked prices. It’s disheartening for regular investors like us when the big players just waltz in and take huge profits.
Trump Family's Crypto Earnings: Reality or Manipulation?
20 replies 369 views
No kidding. Why do people keep investing in those crap coins? Trading memecoins for a laugh is one thing, but going all-in just because it’s connected to Trump? I’ll stick to memecoins with no celeb baggage. They’re all just sharks, man.
Exactly, it's blatant market manipulation. It benefits him and his buddies. I’m pretty sure he’s got more tricks up his sleeve, but whatever crashes happen, Bitcoin will endure. Smart traders will buy low while others panic sell.
So true, traders always chase the latest trends and it’s a total trap. They dump their cash into these celebrity coins expecting quick bucks, and then BAM they’re broke. It’s like a circus in here. Can’t trust anyone in this market anymore.
falcon_alphaMember
Posts: 167 · Reputation: 182
#5Jul 10, 2021, 10:32 AM
Funny we’re discussing this now, when the Trump family’s been in crypto even before he became president. Big investors are all over their coins because of the connections.
Yeah right. It’s all about influence and connections. Some people might even need to buy Trump's coins just to get on his good side for contracts. Business as usual, I guess.
Of course, it's no surprise. The market’s a battlefield. But think about how many investors got wrecked with tokens tied to Trump. Like that TRUMP token. It shot up to about 79 bucks and now can’t even maintain a two-digit number.
atlas_orbitMember
Posts: 86 · Reputation: 118
#8Jul 10, 2021, 11:53 AM
Agreed, holding onto altcoins is a bad move. It's all about flipping them for quick profits. Look at Bitcoin, it’s got solid fundamentals compared to altcoins where half the supply goes to the devs.
Totally, people forget who they’re dealing with. Trump’s a businessman through and through. He knows how to use his power to rack up profits even from the crypto space.
Yeah, but can we really blame him for his memecoin? He did call it a meme, so there’s no real utility there. Plus, FOMO traders always jump in after insiders have already cashed out.
Right, and it’s just sad seeing people lose their cash. Retailers throw all their money into these shitcoins, thinking they’ll come out ahead. It’s a total joke.
Crypto really is a dog-eat-dog world. They say it’s just business, but it’s ruthless. You gotta know what you can afford to lose. If you can't handle losses, don’t trade.
quantumguruNewbie
Posts: 49 · Reputation: 24
#13Jul 11, 2021, 04:35 AM
Man, Trump pulls the strings in the market like it’s his playground. He can make moves that affect the whole scene. His experience in business definitely plays a role.
That’s true, but it’s also a risky game. Many investors are left holding the bag after the hype fades. They’re simply trusting this known figure instead of doing their homework.
diamond_minerFull Member
Posts: 138 · Reputation: 623
#15Jul 12, 2021, 10:49 AM
Exactly! And the worst part is, his fans still praise him as a genius businessman, not realizing he’s scamming people left and right.
nonce_2018Member
Posts: 142 · Reputation: 110
#16Jul 12, 2021, 06:34 PM
Market manipulation at its finest. The crypto scene feels like the Wild West, and some people just jump on shaky trends without thinking.
mike.degenMember
Posts: 128 · Reputation: 228
#17Jul 12, 2021, 08:48 PM
True, a lot of investors will keep throwing money into early-launch coins thinking they’re going to strike gold. I sometimes play with small market cap coins, but there’s no way I’d go all in on them.
But the reality is, hype dies fast with trash coins. What the Trump family did is different because he leveraged his status as a former president to gain more attention.
And that’s why the crypto community needs to wake up. This market won’t cater to trust. It’s only about who can manipulate it better.
Yeah, and Trump definitely knows how to milk the hype. Just look at the fate of his coins. Once the buzz ends, so does their value.