Trump's Memecoin Disaster: Lessons Learned or Ignored?

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shard_2013Full Member
Posts: 268 · Reputation: 287
#1Nov 4, 2020, 01:02 PM
So, reports say Trump’s memecoin holders lost over $3.8 billion. That's insane!
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defi_2021Member
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#2Nov 6, 2020, 06:11 AM
If they included Melania and WLFI, the losses would be even worse, right?
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mike23Member
Posts: 24 · Reputation: 212
#3Nov 6, 2020, 09:15 AM
For real, meme coins are a trap. Everyone sees Trump made billions, but most investors are drowning in red.
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shrimpNewbie
Posts: 110 · Reputation: 20
#4Nov 8, 2020, 11:56 AM
They’ll never learn their lessons. Another celebrity will drop a memecoin and they'll flock to it like sheep.
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greg2015Legendary
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#5Nov 8, 2020, 01:31 PM
And lawsuits are piling up too. Like, when Trump’s term ends, those investors are gonna be after him for sure.
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alt_forkMember
Posts: 85 · Reputation: 236
#6Nov 8, 2020, 06:57 PM
Exactly, once he’s out of power, all bets are off. People are gonna be mad when they realize they were scammed.
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0xLaserFull Member
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#7Nov 8, 2020, 07:11 PM
It’s all about the odds. Most of those investing in meme coins are just gambling. The developers cash out while investors lose.
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#8Nov 8, 2020, 11:56 PM
It’s worse than that. There are projects where devs hold most of the tokens. It’s a playground for them.
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bull2011Member
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#9Nov 9, 2020, 12:22 AM
Totally. They’re playing everyone like a fiddle while investors think they're hitting the jackpot.
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stack42Newbie
Posts: 25 · Reputation: 5
#10Nov 9, 2020, 05:58 AM
Remember that interview where Trump said he had no clue about the coin's profits? That says a lot.
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0x4lphaFull Member
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#11Nov 10, 2020, 07:20 PM
This is just the tip. He’s linked to other tokens too, like WLFI. The total losses are way over $5 billion.
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swiftstackFull Member
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#12Nov 12, 2020, 03:10 AM
I never liked meme coins, tried Doge once, made some cash, then ran for the hills. Stick to the top coins, that’s where the real safety is.
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samlaserFull Member
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#13Nov 12, 2020, 05:36 AM
Gambling mentality runs deep. Even after losing big, they’ll get into the next flashy thing.
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basedbyteNewbie
Posts: 27 · Reputation: 7
#14Nov 12, 2020, 08:58 AM
So true. They’ll jump on the next overhyped memecoin and forget all about their losses. It’s like a cycle.
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block2017Senior Member
Posts: 10 · Reputation: 852
#15Nov 12, 2020, 11:24 AM
Yeah, but these are valuable lessons. Trump coins are just another case of people being too gullible.
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fork404Full Member
Posts: 39 · Reputation: 319
#16Nov 12, 2020, 02:24 PM
People don’t realize these coins are designed to drain their wallets. It’s a Ponzi scheme in disguise.
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th3_h4wkNewbie
Posts: 49 · Reputation: 31
#17Nov 12, 2020, 04:46 PM
Dev profits, investor losses. It’s a one-sided game. Just watch, most will end up with nothing.
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kevin.satoshiFull Member
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#18Nov 12, 2020, 07:53 PM
Nobody learns from their mistakes in crypto. Just saw another meme coin launch that’s gaining traction. It’s like déjà vu.
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Posts: 9 · Reputation: 6
#19Nov 12, 2020, 11:01 PM
Exactly, without a solid use case, these tokens are just blowing in the wind. Hype fades, and what’s left?
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mike23Member
Posts: 24 · Reputation: 212
#20Nov 14, 2020, 10:41 AM
I’ve warned folks before about meme coins. After losing my shirt on Solana meme coins, I’m done.
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