Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Olamide20000000012 on January 18, 2025, 12:48:19 PM
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I bet a lot of us are sleeping while millionaires are being made in dollars in this cryptocurrency space. You know what I'm talking about - currently, it's all about the viral $TRUMP project announced by President Donald Trump on Twitter.
As I speak, it has a $20 billion market cap and a current price of $22 USD, with a 24-hour trading volume of $2.53 billion USD. I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?
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Perhaps the question is why would a president need to release a memecoin? If the links weren't from Trump's account I would think it was a scam decrypt report[1] has more information but remember that updates are necessary as the news changes every few minutes.
If you don't know what you're doing and have no strategy, it's best to stay away from this memecoin
[1] https://decrypt.co/301691/donald-trump-drops-solana-meme-coin
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But the question is, can a whole US President really do that to people?
No, you can't trust this clown, or any other politicians.
Only people from cult can blindly trust crap like this.
Perhaps the question is why would a president need to release a memecoin? If the links weren't from Trump's account I would think it was a scam decrypt report[1] has more information but remember that updates are necessary as the news changes every few minutes.
Because he is just a controlled puppet and a scammer, like most (if not all) politicians.
We known Trump likes money a lot, but I never thought he would go so law to promote something like this on his twitter
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I've seen a post that someone made a significant increase in his wealth in just a matter of minutes because of that 'official meme token'. On the other hand, the 'unofficial' tokens named after the incoming POTUS dropped quickly.
About trusting a token, nah, don't ever do that unless it's something that nobody controls completely.
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One of the comments on Twitter was spot on:
I can't believe the President of the United States is following in HawkTuah's footsteps
Well, no problem, at least the crypto community will soon realize where Trump's gang interest in crypto stands, it won't be pretty, there will be a ton of Pikachu faces but a wake-up call is needed now and then.
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I bet a lot of us are sleeping while millionaires are being made in dollars in this cryptocurrency space.
The same way some are losing in big time, we have to be more careful in our trades, its more better not to trade or invest at all than to do it and make loss.
You know what I'm talking about - currently, it's all about the viral $TRUMP project announced by President Donald Trump on Twitter.
As I speak, it has a $20 billion market cap and a current price of $22 USD, with a 24-hour trading volume of $2.53 billion USD. I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?
Why most people were afraid is because of the dump and pump projects, which we don't know which type this may be, we cant afford to risk investing on a project that will later fail, hype is what we should be very careful of, also, we don't know what which exactly is the trump project because as we talk, there are more than five coins bearing the same name Trump in them.
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We don't know what lies in the mind of Donald Trump at this time; a memecoin of his own was launched; this is just a few days before he assumed the office of the president as the 47th US president.
The success or failure of this memecoin will tell how much we can trust him on crypto. Whether we will have him falling guilty or not to a pump and dump coins as US president. Time will just tell in all this, we then put it record that Trump once launched a memecoin that was successful or unsuccessful as US president
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Do you think $TRUMP really has a connection with Donald Trump? If it has nothing to do with Donald Trump, you can't say it is backed by Trump? :-\ I think this meme coin only wants to get people's attention by using the similar name with Donald Trump. Just be careful with this kind of hype coin because many of them are scams. Instead of being millionaires, we may end up with losing everything in this coin.
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Do you think $TRUMP really has a connection with Donald Trump? If it has nothing to do with Donald Trump, you can't say it is backed by Trump? :-\ I think this meme coin only wants to get people's attention by using the similar name with Donald Trump. Just be careful with this kind of hype coin because many of them are scams. Instead of being millionaires, we may end up with losing everything in this coin.
Yes. Donald Trump announced it himself. It's all over X.. it's the officially trump meme coin. RN it's trading over $40 and has a mcap of over $40B just over 24hrs.
(https://i.ibb.co/S02Kcbf/Screenshot-2025-01-19-07-55-58-69-f64c0fa2acb54796de48adb5b80a6314.jpg) (https://ibb.co/P4R5MKD)
(https://i.ibb.co/hZYWB5P/Screenshot-2025-01-19-09-33-38-10-0b2fce7a16bf2b728d6ffa28c8d60efb.jpg) (https://ibb.co/pRhzfDt)
It's blowing up on X,.. Trending everywhere already haha..
https://x.com/realDonaldTrump/status/1880446012168249386?t=ykxbqTMJp-3tgP-SpIyRiQ&s=19
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Do you think $TRUMP really has a connection with Donald Trump? If it has nothing to do with Donald Trump, you can't say it is backed by Trump? :-\ I think this meme coin only wants to get people's attention by using the similar name with Donald Trump. Just be careful with this kind of hype coin because many of them are scams. Instead of being millionaires, we may end up with losing everything in this coin.
I think he has something to do with him because if not by now he should have denied it and send out words that he is not behind it. The coin has been moving anyhow now.
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Firstly when Donald Trump tweeted OFFICIAL TRUMP coin at his twitter accounts looks something wrong about his account possibility hack or not, but after few hours his tweet that coins success reach increasing volume transaction and price significant movement from $6 reach until $30 before Binance listing announcement success hit to $70.
I scare with this coins just hype moment only behind few days left before Donald Trump appointing as US president and will drop later after become US president, but congrats for braveness want to invest and all in for buying OFFICIAL TRUMP coins because earn much profitable.
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Do you think $TRUMP really has a connection with Donald Trump? If it has nothing to do with Donald Trump, you can't say it is backed by Trump? :-\ I think this meme coin only wants to get people's attention by using the similar name with Donald Trump. Just be careful with this kind of hype coin because many of them are scams. Instead of being millionaires, we may end up with losing everything in this coin.
He posted it on x and truth social.
But more than that, major exchanges listed a coin that was just a 1 day old coin, do you think that would happen with a scam team?
Anyhow, now we have the president of a country launching a meme coin for himself and proposing a bill that would cut taxes to crypto, not even 3rd world dictators would do something so openly.
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I bet a lot of us are sleeping while millionaires are being made in dollars in this cryptocurrency space. You know what I'm talking about - currently, it's all about the viral $TRUMP project announced by President Donald Trump on Twitter.
As I speak, it has a $20 billion market cap and a current price of $22 USD, with a 24-hour trading volume of $2.53 billion USD. I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?
All politicians are the same, after money. Trump second tenure is an advantage for him to make money from cryptocurrency through his meme coin. The funny thing is that, Trump family planned this all and knew that he would win the election. This was why they started the project before the election and launched it three days before his inauguration, so that the coin can be hyped since it's coming from a president. Maybe, he will use some of his profit to develop the US. Melinda is also out and that's his wife's meme coin. Family of shitcoins.
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I bet a lot of us are sleeping while millionaires are being made in dollars in this cryptocurrency space. You know what I'm talking about - currently, it's all about the viral $TRUMP project announced by President Donald Trump on Twitter.
As I speak, it has a $20 billion market cap and a current price of $22 USD, with a 24-hour trading volume of $2.53 billion USD. I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?
You made a mistake by fearing of pumping and dumping scam by this project because it was a legit project by the president of the USA and you take it as a pump and dump project was bad idea the price went 2x to 3x from this point if I am not wrong and money was easy to make here.
You are not alone here who missed this opportunity as there are many who missed the opportunity and speaking of millionaires were made, who is that because the coin was not in cents or at least available in cent if I am not wrong and then jumped to $80 would be like 80x max. I have to agree it should have made many new millionaires but only who took risk.
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Invest on any coin at your own risk, being launched by Trump does not guarantee accurate outcome for it, we are going to be responsible for any risk involved because all crypto will still work in the manner of their behaviors being volatile for one to buy or sell base on its demand and supply, but those that never know the way to speculate for the market and find a good entry point, they will buy and start losing immediately because of this as the market falls.
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Nahh, the token has 80% Centralized and just 20% distributed. Why on earth would someone even think of trusting such token. Because it was backed by trump? Nahh.. he already is selling and the token is falling very fast. Let's not be fooled by the mass, you make profits from meme coins but don't hold them..
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This is too fast, Trump is too fast to take this step which he has not even been officially inaugurated as US President... his form of support for cryptocurrency should not be by releasing a new MEME coin at the beginning of his term... it's like he's just taking advantage of the situation where he seems to only take personal advantage of the hype he's getting.. I myself am very sure that this coin will later be proof of how serious Trump is in dedicating himself to the cryptocurrency community....
Memecoin is very volatile, and if there is a collapse in memecoin, it will have an impact on Trump's personal branding for the cryptocurrency community so far.... in my opinion, instead of creating a meme coin, wouldn't it be better to adopt crypto for some of Trump's own large companies? And start taking strategic steps with other US companies.
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We don't know what lies in the mind of Donald Trump at this time; a memecoin of his own was launched; this is just a few days before he assumed the office of the president as the 47th US president.
The success or failure of this memecoin will tell how much we can trust him on crypto. Whether we will have him falling guilty or not to a pump and dump coins as US president. Time will just tell in all this, we then put it record that Trump once launched a memecoin that was successful or unsuccessful as US president
In his statement yesterdays he never mentioned cryptocurrency, but rather oil. Won't it affect the space?
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This coin is not an investment opportunity or security and is not affiliated with any political campaign political office or government agency. Those who were able to purchase these tokens from within fomo made huge profits. But i think there will be less lucky people who invest at the very beginning. It would be foolish of me if i rushed to buy out of fomo.
Such digital tokens often cause the market to move up in price, after which the underlying shares are sold off. People who buy late in this often suffer big losses. So come late and avoid buying such tokens because within few minutes you will face big loss.
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We don't know what lies in the mind of Donald Trump at this time; a memecoin of his own was launched; this is just a few days before he assumed the office of the president as the 47th US president.
The success or failure of this memecoin will tell how much we can trust him on crypto. Whether we will have him falling guilty or not to a pump and dump coins as US president. Time will just tell in all this, we then put it record that Trump once launched a memecoin that was successful or unsuccessful as US president
In his statement yesterdays he never mentioned cryptocurrency, but rather oil. Won't it affect the space?
I don't think it will. The only thing is that, Americans attention will be moved into oil, to explore in that area.
I remember the time Donald Trump was mentioning Bitcoin during his political campaigns for this year election, peoples mind was in crypto. The moment he won the election, the crypto market bulls immediately.
This time we are going to wait on him whether he will stick with the promises he made about Bitcoin or keep it away
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Trump seems to be doing one good step with release of Ross, and than multiple bad steps with this crap meme tokens.
It's even worse that he got his wife Melania to create her own token that performed in the similar way like his token.
I know he only cares about making money but he is cheating everyone who purchased that crap.
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I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?
https://x.com/realDonaldTrump
I checked it directly on Donald Trump's account on social media X, and previously I did not believe that Donald Trump tweeted about the $TRUMP coin.
But after I checked it and then I found information like below:
https://x.com/realDonaldTrump/status/1880446012168249386
I have a little 50:50 to believe that Donald Trump supports cryptocurrency with his $TRUMP coin backup, we still have to DWYOR if we are already in this cryptocurrency business.
From 50:50 I tend not to believe that Donald Trump will continue to support this $TRUMP Meme coin, because there has been no official announcement about the support for the $TRUMP coin.
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After launching Trump meme coins last several days ago, looks Donald Trump as US president not bring positive impact yet after three days since appointing as US president not talk yet about cryptocurrency. Although Donald Trump have launched the meme not sure yet in the future will talk about crypto or forget what his promise before.
Bitcoin and altcoin price not really increasing yet due Donald Trump appointing as US president and right now we are waiting good news for seeing bitcoin and altcoin going up again, forget what ever new meme coins launching in the future have linked with Donald trump family and never investing yet.
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I would recommend that you go nowhere near this shitcoin, if you probably had bought it early, then you should get out now or should have gotten our earlier. It is a shitcoin with no value and utility, i don't even know what Trump is thinking, his wife also launched hers, lol, comedy show.
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I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?
So you know that this is a pump and dump game, and you are afraid that you could be late in investing and may end up cutting your losses or losing your portfolio. We never know if Trump is really the one managing the meme, although he is not against naming the token in his name, so the answer is yes, the president of the US is taking part in a pump and dump, and this may have a negative effect in his reputation during his term.
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I bet a lot of us are sleeping while millionaires are being made in dollars in this cryptocurrency space. You know what I'm talking about - currently, it's all about the viral $TRUMP project announced by President Donald Trump on Twitter.
As I speak, it has a $20 billion market cap and a current price of $22 USD, with a 24-hour trading volume of $2.53 billion USD. I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?
It was never a good opportunity to invest in, that's why I did not buy it as I already saw it is going to list on many exchanges before the listing and becoming famous he had shared about it on his Twitter and those who follow him saw it coming and bought early and then dumped later. It was a money making time for many but only the smarter ones made while the late comer as usual become the exit liquidity for others.
I already shared my opinions on this matter on different sections, but here I would say it was not a good token to invest in for long term, for people who were interested they should have checked it earlier, and if they would get it cheap then they should have bought it. Many made profit but the number of people are in loss due to this token are more if I am not wrong.
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We never know if Trump is really the one managing the meme, although he is not against naming the token in his name, so the answer is yes, the president of the US is taking part in a pump and dump, and this may have a negative effect in his reputation during his term.
It is his meme coin, he and his team are managing it, that has been obvious since it was launched, funny enough his wife also launched hers, lol. I don't think mr president is concerned about his reputation here, he simply wants to make money and that is crazy.
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I bet a lot of us are sleeping while millionaires are being made in dollars in this cryptocurrency space. You know what I'm talking about - currently, it's all about the viral $TRUMP project announced by President Donald Trump on Twitter.
As I speak, it has a $20 billion market cap and a current price of $22 USD, with a 24-hour trading volume of $2.53 billion USD. I haven’t invested yet because I'm afraid it might be another pump and dump project. But the question is, can a whole US President really do that to people?
I don't think there shouldn't we trust issue because Trump is the president of United State of America so this is not be easy for him make any scam. But until now we know that that is the memecoin and we all know that memecoin is always goes on the hypes so it make sense that is has always high risk on investment and this is not he coin that should be invest for the long-term. But before the trump coin lauching and the listing on binance I think I was good choice for buying but now I don't think it will be a good idea, even then they have a large supply like the 80% in hand. It could be very manipulated market. And we also should remember that this is the second round of Donald Trump so there his no chances for become president again after this term.