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So, reports say Trump’s memecoin holders lost over $3.8 billion. That's insane!
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If they included Melania and WLFI, the losses would be even worse, right?
MPosts: 24 · Reputation: 212
For real, meme coins are a trap. Everyone sees Trump made billions, but most investors are drowning in red.
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They’ll never learn their lessons. Another celebrity will drop a memecoin and they'll flock to it like sheep.
GPosts: 105 · Reputation: 5547
And lawsuits are piling up too. Like, when Trump’s term ends, those investors are gonna be after him for sure.
AlPosts: 85 · Reputation: 236
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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It’s all about the odds. Most of those investing in meme coins are just gambling. The developers cash out while investors lose.
NPosts: 75 · Reputation: 12
It’s worse than that. There are projects where devs hold most of the tokens. It’s a playground for them.
BPosts: 45 · Reputation: 125
Totally. They’re playing everyone like a fiddle while investors think they're hitting the jackpot.
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Remember that interview where Trump said he had no clue about the coin's profits? That says a lot.
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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.
SPosts: 32 · Reputation: 292
#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.
SaPosts: 51 · Reputation: 480
#13Nov 12, 2020, 05:36 AM Gambling mentality runs deep. Even after losing big, they’ll get into the next flashy thing.
BPosts: 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.
BPosts: 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.
FPosts: 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.
ThPosts: 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.
KPosts: 11 · Reputation: 619
#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.
S#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?
MPosts: 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.