The Trump Effect, A Warning For Crypto Newbies

Bright0515

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Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Donald Trump Jr have just announced that he is going to launch his own DeFi crypto platform, his aim is for it to serve as competitor to the banks. This is coming in his Father’s bid for the presidential seat and also looking at making bitcoin a more viable option in finance in the USA.

Newbies and Trump lovers should be aware of such platforms because it’ll only attract users to them because of their influence and not for what bitcoin and cryptocurrency should be known for. Privacy and security are very important in cryptocurrency, if the party in question is not providing all of that, don’t allow their influence or persuasive words to fall for their innovations.

There was TrumpCoin (DJT) before now wish have failed in the past. There’s no two ways about it, don’t leave your coins in this platforms when they come to live. Your coin is not worth risking for a politician, they’ll always serve their interests first before looking out for you.

Source: https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Like you said living your coin in the trust of a politician is not a good idea.
I will be the last to take part in anything launched by trump and his people, why, because Trump publicly criticized the idea of crypto to be legalized in America when he was the president then and now coming back to run a campaign whereas using crypto as one of his major factors to gain the attention of the youths. Not that launching a personal coin is bad but my concern, what will happen if he finally gain this seat why is he prioritizing crypto so badly, will he keep to his promises if he wins or he would go back to his words.
Those are my personal taughts.

Mr.right85

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In this sea of cryptocurrencies, people really need to be able to identify between opportunities and some obvious pump and dump schemes. Trump has made such wave in the cryptocurrency industry at the now, following the forth coming US pools of which his a candidate to the point that, master minds of pump and dump schemes have seen it for a way to exploit the people. You would expect him to own one right? Well no! For the many that would have such expectations from Trump, it’s what the master minds of pump and dump schemes are banking on to extort them as we speak.

Quote from: Solosanz on August 10, 2024, 04:38:43 AM

I would say newbie better to stay away against all these fake Trump coins.

Antotena

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Quote from: TravelMug on August 30, 2024, 04:51:33 AM

]
I think they are more intelligent than that. They will have to make a vote for the President that will handle everything for them. So who knows, maybe Trump can take advantage of this pro crypto stance or US citizen wanted a history by electing their first female President and it will be historic. First Barack Obama, now Kamala Harris.

There is something Bitcoin-Trump supporters are not saying and I will love November to approach faster than ever so we can wrap this campaign talks so we will know if what the Guy has bee feeding us is true or just a package propaganda. I know for a fact that United state don't joke with their national currency, dollar comes first before any other asset or currency and all of a sudden Trump want to give Bitcoin people what they have never had before, I hope we are not making a mistake.

As for Kamala, I really wish she had been a pro supporters of Bitcoin from beginning, this is going to be her chance from beginning but even though she want right now, Biden has already started a legacy of regulation which is not what many people want to see with Bitcoin else she would have been the one on the spot light of Bitcoin and US election. I hope who win in end favours Bitcoin.

satscraper

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Quote from: bitmover on August 09, 2024, 09:08:44 AM

Trump is a very successful entrepreneur, he has done a lot of good businesses that have been a successful. Long before he was the president. He knows who to make a business work, and this is not because of his influence.

Do you account the man who bankrupted his business eight times before been accepted to The Apprentice where his role boiled down to roar a command "you are fired" to be a very successful entrepreneur?

DYOR on his career of being "a businessman".

Quote from: bitmover on August 09, 2024, 09:08:44 AM

Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Privacy and security are very important in cryptocurrency, if the party in question is not providing all of that, don’t allow their influence or persuasive words to fall for their innovations.

We don`t know if it will lack privacy, certainly wont lack security.

But I do. His buddy, war criminal Putin, will take care of your privacy. Angry

TravelMug

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Quote from: robelneo on August 29, 2024, 06:40:07 PM

Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Donald Trump Jr have just announced that he is going to launch his own DeFi crypto platform, his aim is for it to serve as competitor to the banks. This is coming in his Father’s bid for the presidential seat and also looking at making bitcoin a more viable option in finance in the USA.

With this announcement, they have over-extended the inclusion of Cryptocurrency in their campaign trail in the hope that with all these plans they can generate support from the Cryptocurrency community, it has been the battle cry of the Trumps ever since they started their campaign, the other party's outlook on Cryptocurrency is not good, so they explore this subject.

Perhaps that was their plan in the first place, but it looks like it's going to back fire on them in my opinion. Or it is too early for them to jump on the bandwagon in crypto and then voters are so exhausted right now with their pro-crypto plans.

Quote from: robelneo on August 29, 2024, 06:40:07 PM

But those voters in the US who are into Cryptocurrency should consider other issues besides Cryptocurrency, we all know the Trumps are desperate to get back into the presidency they will say anything and everything but don't be confident that they will deliver what they promised.

I think they are more intelligent than that. They will have to make a vote for the President that will handle everything for them. So who knows, maybe Trump can take advantage of this pro crypto stance or US citizen wanted a history by electing their first female President and it will be historic. First Barack Obama, now Kamala Harris.

Taskford

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Quote from: robelneo on August 29, 2024, 06:40:07 PM

Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Donald Trump Jr have just announced that he is going to launch his own DeFi crypto platform, his aim is for it to serve as competitor to the banks. This is coming in his Father’s bid for the presidential seat and also looking at making bitcoin a more viable option in finance in the USA.

With this announcement, they have over-extended the inclusion of Cryptocurrency in their campaign trail in the hope that with all these plans they can generate support from the Cryptocurrency community, it has been the battle cry of the Trumps ever since they started their campaign, the other party's outlook on Cryptocurrency is not good, so they explore this subject.

But those voters in the US who are into Cryptocurrency should consider other issues besides Cryptocurrency, we all know the Trumps are desperate to get back into the presidency they will say anything and everything but don't be confident that they will deliver what they promised.

But Kamala Harris members also use crypto as their weapon to gather votes https://www.bitrates.com/news/p/kamala-harris-will-support-pro-crypto-policies-campaign-member-says Now its really crazy that these politician became friendly when election day came. While we know that they are so anti and planning to kill bitcoin just like what Biden did. Good to have this medias https://www.forbes.com/sites/digital-assets/2024/03/17/joe-biden-quietly-planning-to-kill-crypto-and-destroy-billions-of-dollars-of-value-after-huge-bitcoin-ethereum-xrp-and-solana-price-surge/ to remind us their past actions and provably that lots of people will not bite their political stunts that they became a friendly politician since they know how bad their policy towards cryptocurrency they created before.

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Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Donald Trump Jr have just announced that he is going to launch his own DeFi crypto platform, his aim is for it to serve as competitor to the banks. This is coming in his Father’s bid for the presidential seat and also looking at making bitcoin a more viable option in finance in the USA.

With this announcement, they have over-extended the inclusion of Cryptocurrency in their campaign trail in the hope that with all these plans they can generate support from the Cryptocurrency community, it has been the battle cry of the Trumps ever since they started their campaign, the other party's outlook on Cryptocurrency is not good, so they explore this subject.

But those voters in the US who are into Cryptocurrency should consider other issues besides Cryptocurrency, we all know the Trumps are desperate to get back into the presidency they will say anything and everything but don't be confident that they will deliver what they promised.

ultrloa

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Quote from: KingsDen on August 29, 2024, 02:32:36 PM

Quote from: Solosanz on August 10, 2024, 04:38:43 AM

I would say newbie better to stay away against all these fake Trump coins.

I chuckled when I saw the list of Trump coins. I thought it was what OP wanted to discuss when read the title "The Trump Effect, A warning for Crypto Newbies". I had thought you wanted to warn the newbies not to fall for the numerous shitcoins in Trump alias.

I fell for the trap during the effect of Elon Musk. As an innocent and uninformed newbie, I bought some coins with the name of Elon musk, thinking that Elon created those coins himself. Don't be surprised many newbies will buy the coins above with the mind that Trump is behind them Grin

Its clear indication that scammers want to take advantage on the hype created by Trumps name nowadays and they create a shitcoin to confuse newbies nowadays that's why its really better to stay away with those coins since its so clear that Trump doesn't have any relation with it and he didn't announce that he create those tokens.

Lots of shitcoins create a token then name it Elon before which is totally a full crap. Lots of people fall into that token its because they think Elon Musk will support it just like Dogecoin. That clear indication on how scammer works and its good for people to start verifying first on what they buy since if they grab those kind of token for sure they would laugh on their selves for buying those type token and let their selves be fooled by an obvious scam schemes made by cheap scammers.

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Quote from: Solosanz on August 10, 2024, 04:38:43 AM

I would say newbie better to stay away against all these fake Trump coins.

I chuckled when I saw the list of Trump coins. I thought it was what OP wanted to discuss when read the title "The Trump Effect, A warning for Crypto Newbies". I had thought you wanted to warn the newbies not to fall for the numerous shitcoins in Trump alias.

I fell for the trap during the effect of Elon Musk. As an innocent and uninformed newbie, I bought some coins with the name of Elon musk, thinking that Elon created those coins himself. Don't be surprised many newbies will buy the coins above with the mind that Trump is behind them Grin

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Quote from: Yucky on August 27, 2024, 12:18:43 AM

this then begs the question, what if all this positive statements and promises that's coming from trump and his wings is just all about getting people from the crypto space to vote him into power even when he has no intention of carrying out his promises when he gets into power? We all know how politicians are when it comes to the issue of fulfilling the promises they made during thier campaigns. Isn't it possible that Kamala can still use the same strategy trump is using in the coming days. Maybe wait close to the end of the campaign and talks positive about the crypto industry and then split the audience trump is already enjoying from people who are from this end.

That it's Trump Jnr token doesn't guarantee that such project will be successful. Even if it comes to be, we still have to look at what it's built on and the tendency it has to succeeding based on general the team involved in such project and thier long term plan and not just one that's using the goodwill of trump to her advantage.

We are still ij denial stage but the big one is explosion will come on everyone that are using Bitcoin to play their usual politics. I have never been a political type of person and I have never read past books how associated Bitcoin has ever been with political opinion and how some of these support this madness still remain a mystery to me but what can you do, sit and watch. I just hope I'm wrong about him and Bitcoin support else I will be there when he win and neglecte Bitcoin community.

I don't support any meme madness that has been going on Solana blockchain, it's another madness own it own but I don't blame the token issuers. I blame those putting their hard earned money into it and getting rekt just because they want to make quick money. Meme or not meme, don't buy meme coins especially the Trump and the rest. By the way, I'm yet to see any Kamala token on the media. Is there something I'm missing.

Yucky

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Quote from: aioc on August 09, 2024, 02:19:34 PM

Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Your coin is not worth risking for a politician, they’ll always serve their interests first before looking out for you.

I have Trump winning against Biden, but now that Kamala is in the picture, Trump must triple the effort; I'm still waiting for Kamala's stance on Cryptocurrency. If she supports Bitcoin, the Bitcoin community will be divided, and Trump will lose all his previous gains.

this then begs the question, what if all this positive statements and promises that's coming from trump and his wings is just all about getting people from the crypto space to vote him into power even when he has no intention of carrying out his promises when he gets into power? We all know how politicians are when it comes to the issue of fulfilling the promises they made during thier campaigns. Isn't it possible that Kamala can still use the same strategy trump is using in the coming days. Maybe wait close to the end of the campaign and talks positive about the crypto industry and then split the audience trump is already enjoying from people who are from this end.

That it's Trump Jnr token doesn't guarantee that such project will be successful. Even if it comes to be, we still have to look at what it's built on and the tendency it has to succeeding based on general the team involved in such project and thier long term plan and not just one that's using the goodwill of trump to her advantage.

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Quote from: dzungmobile on August 10, 2024, 10:42:17 AM

Many scam tokens created and died already and these fake Trump tokens will be the same. I am unsure calling these tokens as fake is a correct saying but I use your words only.

I don't monitor much of the state of the tokens Trump released, and I don't even know the name of the token. Indeed, I am not so interested in projects that take advantage of big names, because I am not very brave to join. I trust more in some token coins that have been able to prove themselves.

This condition certainly does not have to be feared, a beginner must certainly be able to select what to invest. They must be diligent in seeking information about what will be done. I think actually not only Trump Tokens there are many other tokens that are made similar to the same purpose, deceiving users.

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Quote from: Coyster on August 10, 2024, 12:45:06 PM

Well i do know that, i just pointed out his failures to you, the reason being that you sounded like since he has achieved some success in business, then we should believe that whatever platform his son wants to create would be a success. That is a big no for me, i don't believe in whatever platform Trump Jr wants to create and my mind tells me that this is just another campaign antics, and this project would prolly never get launched.

You have a point there but wouldn't it be better if take a look at it once it is announced or something like that and investigate if the project will be a success or not. At least the failures is what helps businessman/woman become successful or being better in running a business. I state in my post that I wouldn't give much attention but it doesn't mean that I won't give attention to the project. If you want to ask me what I would say is that you should study the project first to make a decision if it's worth to invest (in this case) to the project that DTJ are going to create.

Coyster

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Quote from: bitmover on August 09, 2024, 06:33:59 PM

This is very true.

Businessmen have successes and failures. What is important is to overcome failures , what he did.

It is not a shame to have a failed business and try again

Well i do know that, i just pointed out his failures to you, the reason being that you sounded like since he has achieved some success in business, then we should believe that whatever platform his son wants to create would be a success. That is a big no for me, i don't believe in whatever platform Trump Jr wants to create and my mind tells me that this is just another campaign antics, and this project would prolly never get launched.

Taskford

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Quote from: Doan9269 on August 10, 2024, 10:24:44 AM

Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Donald Trump Jr have just announced that he is going to launch his own DeFi crypto platform, his aim is for it to serve as competitor to the banks. This is coming in his Father’s bid for the presidential seat and also looking at making bitcoin a more viable option in finance in the USA.

politicians with fake promises, he can as well start all these now, they don't have to wait till they reach there because some of their agenda may not really work in line with the expectation of the people, this is not what we are seeing for the first time with the likes of them, some things were easier said than done, once they emerged office, then comes in another story entirely.

For always saying such things which I think almost impossible to do by politician it leave some impression that he's trolling the crypto community and its also like he create something that eventually he cannot make it. Maybe he should focus on saying about possible regulation and other thing realistic situation about their plans towards crypto. Since maybe with that they can get genuine support and people would provably think that they are true to their words and somehow he create something more useful things on cryptocurrency industry.

That thing is bit off and I don't know if he really mean that since provably that statement release because they want to hype the crypto community.

Also with these things release newbie should be more careful about possible meme coins scam named after Trump since for sure all of them is a scam.

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Quote from: Solosanz on August 10, 2024, 04:38:43 AM

I don't think so, money/profit is the most important.

But if they ignore risk, they will not get profit and worse can not defend their initial capital.

Quote

I would say newbie better to stay away against all these fake Trump coins.

These tokens were launched by scammers who simply want to join the current hype around Trump. They knew that if they succeed, they will get massive fortune from their scam tokens. When hype cools down or Trump fails in the election or no longer a politician with big impacts in the country, these tokens will die in hell, without no attention from cryptocurrency community.

Many scam tokens created and died already and these fake Trump tokens will be the same. I am unsure calling these tokens as fake is a correct saying but I use your words only.

Doan9269

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Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Donald Trump Jr have just announced that he is going to launch his own DeFi crypto platform, his aim is for it to serve as competitor to the banks. This is coming in his Father’s bid for the presidential seat and also looking at making bitcoin a more viable option in finance in the USA.

politicians with fake promises, he can as well start all these now, they don't have to wait till they reach there because some of their agenda may not really work in line with the expectation of the people, this is not what we are seeing for the first time with the likes of them, some things were easier said than done, once they emerged office, then comes in another story entirely.

Alpha Marine

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Topics about this Trump and bitcoin have been circulating since the bitcoin conference and I still struggle to understand why people fall for it. The fact that a man like him said some positive things about Bitcoin at a Bitcoin conference shouldn't be news. He won't go there to say negative things about Bitcoin to his potential voters, he has to say things that will please them.

I saw the tweet on the day his son made the post and I just laughed it off. I just feel sorry for the people that fall for such things. It's the same as the people who fall for those celebrity tokens. They're always rugpulled. Everybody wants to seize the opportunity and make money for themselves.
This might just turn out to be another Sam Bankman-Fried

The tweet didn't actually say he was going to make a defi project but he said they're about to attain something HUGE then he proceeded to say "Decentralised Finance is the future, don't get left behind". All these can be a scheme to get more crypto voters to his father's side just as his father did in the Bitcoin conference.

Solosanz

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Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Privacy and security are very important in cryptocurrency

I don't think so, money/profit is the most important.

That's why most people hold their coins in centralized exchanges because they can earn some % APY by staking their coins rather than holding in non custodial wallet that you have no way to earn and it will cost you more money due to paying fees.

I would say newbie better to stay away against all these fake Trump coins.

Crypt0Gore

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Quote from: Ndabagi01 on August 09, 2024, 08:57:26 AM

Donald Trump Jr have just announced that he is going to launch his own DeFi crypto platform, his aim is for it to serve as competitor to the banks. This is coming in his Father’s bid for the presidential seat and also looking at making bitcoin a more viable option in finance in the USA.

Newbies and Trump lovers should be aware of such platforms because it’ll only attract users to them because of their influence and not for what bitcoin and cryptocurrency should be known for. Privacy and security are very important in cryptocurrency, if the party in question is not providing all of that, don’t allow their influence or persuasive words to fall for their innovations.

There was TrumpCoin (DJT) before now wish have failed in the past. There’s no two ways about it, don’t leave your coins in this platforms when they come to live. Your coin is not worth risking for a politician, they’ll always serve their interests first before looking out for you.

Source: https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Calm down, DeFI is DeFI, nothing more or less, there are many DeFi projects in crypto space today and it changes nothing, it is a matter of choice from users to use the platform or not, Decentralised Finance platforms are different from Bitcoin, so this won't replace Bitcoin, as for the popular figure that Trump Jr is it doesn't matter, there are many people that considered Binance because of CZ, its going to be a struggle, if this platform from Trump Jr fumbles it will ruin their rep that's all I can say.

This idea could work on the long run but I do hope that it won't end up like Binance and CZ, we all know that DeFi projects are not real DeFI behind the closed doors, there is always something that can be done or changed.

Business either fail or become success, you won't know until you give your best shot, if you are to risk money on any investments make sure its the type you are willing to lose.

Topic: The Trump Effect, A Warning For Crypto Newbies (Read 360 times)