Topic: This is why they wanted Gary Gensler out and you all got tricked by it (Read 80 times)

I think gradually we'd start seeing why Trump suddenly took interest in Bitcoin and cryptocurrency and was proactive, making so much promises concerning it's growth if given the chance to run for office again. Trump coin didn't gain much traction and was losing so much value but the moment he hosted that ball, you could see it's value skyrocketing to  $58.56, having a market cap of about $11.7bn and someone would tell me it wasn't a smooth move towards securing a hefty inheritance for his family. You could even see that his wife launched her token. I mean! Wtf?

If you look at Trump yesterday, it seems like its ATH was over $70 each, if I'm not mistaken, right? But its price has been dumped because the hype has decreased in my opinion.

That's how it is with meme coins, no wonder one day or after a few years the ATH it reached will be just a story and it will never happen again or that price will be repeated for sure, just in my opinion.

Not everyone was tricked - I've written several times that GG isn't as bad as they wanted to portray it - and that's only because he didn't want to allow the crypto wild west. Besides, it's not just him, it's the whole group of clowns who were appointed to high positions to protect the new president and his donors, including many who profited greatly from BTC and never did anything for it.

90% of those who invest in cryptocurrencies are not interested in anything other than profit, and this is a fact that anyone will not be able to dispute. If this means that they need to show support to a convicted criminal and the weirdos he surrounds himself with, they will gladly do so, and buy everything he "produces" - no matter how immoral and strange it may seem.

I wouldn't touch those tokens or whatever they are with a long stick, let alone invest a single cent in them. Perhaps the whole situation could be described as "garbage produces garbage, and people pay for the same garbage because they think it's worth something."

Trump laughed his way to the bank the moment he became president for the 2nd time thanks to brainless Americans who actually expected great things from him despite knowing his personality and his shitty first term.

It's the Trump + Musk show now and the world needs to brace for whatever is coming at them. He smartly switched his stance towards crypto which we can see through these shitcoins etc.

The scary part is that a lot of newbies investors into crypto are going to fall victim of these scammers that will take advantage of this current hypes around meme coins, this is where cryptocurrency education comes into play, so that people will be able to understand the difference between Bitcoin (coin with utility or coin that solves decades of inflation problem) and memes with no values. The risk that comes with investing in meme coins outweighs the profits, where you can lose your money and never get to recover it, whereas Bitcoin isn't so, even though you bought, and it falls it definitely gonna comeback to you sometime in the future if you are patient enough.

Of course Trump has always been a con man. You just have to learn to take the good with the bad,
and not be dumb enough to put your money in a stupid Trump memecoin, or any memecoin.

Altcoins are the world's biggest scam that should have been shut down long ago.
But understand that Wall Street has always been running scams, Ponzi's and pump and dumps.

A multi-trillion dollar fraud known as mortgage-backed securities lead to the 2008 financial crisis,
and the US government bailed out the fraudsters and bankers running that blatant fraud.

That is why Bitcoin was created, in response to that massive fraud and is the only legitimate crypto.
Everything else in the shitcoin casino is an outright scam that Bernie Madoff would be proud of.

It is less than 24hrs since I made the reply above to a thread about this whole $trump coin, and your thread @OP still proves the same point. I actually had the same thought, because we all know that something like this wouldn't happen in the first place, as Gary isn't the type that smiles at projects with obvious intentions. Fine, we all know that Gary has his own tough side, but it seems some bad sides also have good sides as well, which would have made him question Trump's agenda.

I have a friend who is currently at loss, after buying both shitcoin due to FOMO and overhype. Like I said, "it will be quite funny to see crypto enthusiast losing money to non-crypto enthusiast".

Bitcoin will not lose it's value no matter what happens in the market because it has a solid foundation and  has built trust on invetors. Bitcoin investors are still going to be winners and only the shitcoiners will continue to lose because they love gambling. Bitcoin is Bitcoin and TRUMP is TRUMP, whoever lose big in a pump and dump coin will have himself to be blamed. I believe that in the long run when these shitcoins disappoint people, that will make bitcoin stronger and reliable because people will see its true uniqueness. This is not the first time and it wouldn't be the last of pump and dump shitcoins.

Obviously it should. The coin is literally tied to nothing. Not even the least contract or any other useful political or economic value. A coin intended to boast a family's business. In the process of time after they must have hit their expected ROI boom it's degradation will come like a big shocker, one that will be worst than most of the shit-coins we have every seen, reasons been that people will tend to trust this project that is built on a baseless premise simply because it is tied to the presidency, his family and inner cycle no economic value for the said coin.

The fact is bitter and painful for altcoin investors.

How many cryptocurrencies failed?
Ranked dead crypto coins by year.
Two types of altcoins.

Trump will soon finish his second Presidency that lasts only four years, and he will pass away too. What will be future of TRUMP meme coin after next 4 years or longer than 4 years?

I guess TRUMP meme coin will be another degen altcoin.

A nobody scamming people by creating a scam coin is better than a popular figure doing the same, we both know that the popular figure will drive a load of people into the scam due to their popularity in the public, they should be labeled as criminals, and they should face the law even more.

This whole thing is starting to feel not so right with me anymore, if trump failed to keep his meme coin alive he will one day face the law too.

Oh, what a what a coincidence:


The only ones disappointed will be the ones who trusted this guy, and the moment you trust a guy who sells Bibles with his name on them, well, you probably deserve it. I can't wait to hear the proposal about the crypto reserve that will suddenly be made of 1% Bitcoin, 49% MadeinAmerica Token, and 50% Trumpdynasty Coin.    

On X, a user said what the Trump family is doing should be illegal, but then again, there is no clear law on this.

As a person who holds a very sensitive position, it was insensitive of Ryan to make such a post. Other leaders in the world are watching and the next thing is for the first family of some countries to copy what they have seen.

There should be some law against this just to prevent abuse.

Despite this, the principles of cryptocurrency should be applied- invest what you can lose. And if you do otherwise and lose don't come wailing. It is noone's fault.

Yes, I don't like the current situation either. Meme coin is the highest degree of cryptocurrency degradation.

Bitcoin is based on advanced technologies and decentralization of mining, storage and development. Also, the value of the first cryptocurrency is due to the huge energy costs of the Bitcoin mining process. And what is the value of meme coin?

I am afraid that the actions of Donald Trump and his friends will lead to people becoming disappointed in the first cryptocurrency.

This, in particular, will lead to a drop in the price of Bitcoin in the future. In the worst case, Bitcoin (and the very concept of private money) will be completely discredited, which will give the next generation of US politicians a reason to introduce CBDC (digital US dollar).

But if we should be sincere, there are tens of thousands of coins that were scam in the past and some became pump and dump. Some were good but later become shit coins. We like it or not, this is how cryptocurrencies are. It is better people learn about it than to just go into it and lose money.

If we are talking of cryptocurrencies, we are talking of gambling. Just bitcoin is the only coins among them that I see with long term value.

In 1976 president Jimmy Crater put his family business in a blind trust, in order to avoid conflict of interest while being president, in 2025 president Trump has launched two meme coins for his family taking full advantage of his position and not having a care in the world.

This is why they wanted Gray Gensler out, not because he was anti-crypto as Gary was actually a true bitcoin maxi, a dying breed even here, during all his reign he was pro-Bitcoin and antishitcoins, he went exactly after the exchanges that would list crap like $melania and $trump without a sweat, a coin with %80 locked and just %10 distributed to the public with a single page than in its disclaimer says stuff like:


And now, they are free to do whatever they like, they have put a shitcoinlover and a pump and dump lover in charge of the SEC that is on the payroll of all the exchanges that are fleecing users buying this crap and everything is better for crypto right?

Satoshi must be proud of the situation, I'm sure he is clapping with both hands this milestone as the greatest achievement he could dream of!

But if you still think that's not a big deal, let me tell you how this will go from now:







This is Trump advisor, pumping a tiktok coin, selling then all his coins because it was going down and then he says he is sorry  /end

And because the guy in charge of the SEC that was going after guys like these and was asking for laws to punish those that would shill shitcoins and exchanges that would list such obvious scams is now gone, here you have, much freedom, such token, wow reality!
Enjoy decentralization lawlessness!