this post was submitted on 20 Jan 2025
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[–] TommySoda 68 points 1 week ago (1 children)

All I'm gonna say is that with the large number of pump and dump crypto schemes that have happened over the years, if you're still falling for it I have no sympathy for you. Everyone thinks they're gonna be the one to cash out and leave everyone behind whereas most everyone are the ones being left behind.

[–] ikidd 50 points 1 week ago (1 children)

This is a bribery scheme. It's pretty fucking obvious.

[–] [email protected] 14 points 1 week ago (1 children)

It's both. Eventually the value will drop to 0 once Trump is out of office, but in the meantime he'll just use it in the same way the Trump hotel was used in the previous admin.

[–] [email protected] 10 points 1 week ago* (last edited 1 week ago) (1 children)
[–] [email protected] 7 points 1 week ago

Yeah, they're selling off initially, but Trump controls 80% of the currency, so they'll pump and dump it continuously over his presidency. All he needs to do is post some ridiculous thing about making the treasury buy some or whatever and it'll bump right back up again.