Topic: Trump coin safe or not? (Read 472 times)

It is undisputable true that trump coin makes so many people millionaires, who saw the opportunity and capitalize on it.  Considering trump effect on crypto I believe trump coin will do well in the nearest future. But from a technical perspective I'm still expecting trump coin to go below $15 before the massive buy. So  for now I'm still waiting. But I'm not a financial adviser.

Di only taim you fit be enthusiastic wey concern buying a trump coin na if you get di courage to jump into a river without knowing how to swim.

The earlier you understand that alt and meme coin are bunches of rubbish the better, just look at what's going on in the market now, just because Bitcoin drop by a few dollars, all other shit coin and alt are just bleeding out, most investors don't know that alt and meme coin falls more than they rise, so tell me why this trump coin is safe, in my own opinion it's one of the most dangerous coin to gamble on right now because of the politics attached to that token, so it's not a risk that is worth taking.

Lastly, do you know that since that Trump coin was launch, it rose in the first few days and after that, it has been on a steady decline, and by the look of things, it's going to continue it downward trend till it got to a dollar, so it's better to take the thought of investing in trump coin out of your mind to avoid had I know!!

Thank God say you use the word hope, it is not certain or guarantee that the price of trump coin will go up now or anytime soon and anything like that will just be a speculation. Though people wey buy am the first time wey e come out actually benefited from it I mean they really cash out and na there luck be that ooo because e get some wey you go buy like this ehn, the wey e go take drop ehn your mind go dey. Ah no go fit advise you to buy and ah no go fit advise you not to buy because na your money and you know waiting dey good for you but my only advise be say if you wan buy am make sure to buy with money wey you go fit afford to lose because that coin just dey behave somehow, the coin they behave like politician better look for a way and start investing in Bitcoin small small.

While it made few people rich, did you ever consider the number of people that it made broke, some people have lost everything they had because they invested when people were selling.

This people have themselves to blame sha because advice full everywhere to not follow what others are doing and think that they'll get same result. Make we dey do our own research before investing into any project because na scammers full everywhere and when they're not scammers, it's just a pump and dump schemes like what was carried out with the Trump coin.

Nobi everything wey you go hodl.oh, some of them you go just need sell and move on instead of hodling a dead bag with hopes of it getting resurrected one day, e fit happen but the chances of it not happening no too worth the hodling.

Whether #Trump coin is safe or not remains a mystery but people trust it would be successful because the person who is in charge is known and of a only higher position in the society than others who are scam project and whose owners are barely known.

Another truth is that, cryptocurrency is the future of currency and in no time, we would see the use of cryptocurrency for transactions and payments become more rampant than using the Fiat currency. So I would say the #trump coin is safe until it is not, but DYOR before making any investments into known or unknown coins.

I think so too. It will definitely be profitable.

I don't really know that trump coins will make some investors rich, one thing about coins is that we should never give up in doing any of the coins because you don't know the one that can change your life in a minute

Those that was thinking they will hit big on this coin will be on a corner now thinking, seriously people should fear anything they called memecoin because is of no good, when I check the Trump coin before it was $77 but now is just $27, you can imagine the fall, if Bitcoin was the place all those investments went I no how intact their money would have been, however the question to all those that invested on this shitcoin, what will they do if the price falls below $5? Because for us to see from $77 to $27 means that we are about to see $10 soon, by then those that invested up to $1,400 will be left with nothing meaningful to take home, this was something everybody knew will occur.

How far the market now, did you buy or didn't and listen to the advice of others to avoided buying. Anything wey just blow from no where na so e go fall from nowhere and vanish. Although trump coin never vanish but it's just a matter of time.

The way the coin carry rise self, you suppose dey fear to invest because you value your money. Na the associate of the creator of those memecoins dey usually benefits from all this launches and not the retail investors. Trumpcoin is a memecoins and not safe to invest unless you're gambling, it isn't any more different from all the shitcoins in the market.

This one self fit worst pass because of the manipulation of the price as that kind increased that happen to no dey ordinary. The price was being manipulated for easy profits and it worked out for them because na people wey buy at the top dey suffer am now.

It is your choice to wait or buy the Trump coin, it is a Shitcoin and we all know how Shitcoin is, Shitcoin is very risky than Bitcoin and you don't know what will happen at the end, Trump coin is a coin that many people believe it will be a good coin in the future but that doesn't mean that it will be the price will high or will not drop at any time, you may think of waiting to see how far the coin is going to be and the price will be increasing, the only advice I can give you is to make a good decision for yourself.

Before you invest in Shitcoin coin you have to know about Shitcoin and how it is, and also It will be good if you invest with the amount that you can afford to lose so that you won't feel regret when things don't go the way you expect it to be, it is your choice to choose if you can invest now or later but know that the price can increase at any time.

Altcoins come with much risk. Trump coin isn't an exceptional. Although some altcoin can give good profit with time but this doesn't come often. This made altcoin not to be reliable. It is advisable you invest much on Bitcoin and less on altcoin. So, if you wish to invest in this Trump coin in other not to miss out if it turn out to be great, just invest less. Invest the least capital you can avoid to lose. Altcoin will always be altcoin.

How will Trump's currency be safe because Trump's currency is a meme coin and meme coins can never be safe. Usually when we look at the market, we can see how much the market has been dumping in the past few days, there is no possibility of pumping in the future. Bitcoin is definitely a popular and profitable investment. If someone can hold Bitcoin for a long time, then that person will definitely benefit. However, I think it is better to invest 100% in Bitcoin instead of investing in coins like meme coins and shitcoins.

Trump's coin does not seem to be safe! Because the security system of this coin is not that advanced! But you can think about Bitcoin! If you expect a long-term and good profit, then Bitcoin will be profitable for you! I am aware of Bitcoin and know about it, so my suggestion is that if you are interested in meme coins for 20%, keep the remaining 80% in Bitcoin.

Yes e they safe to invest for that Trump coin for now but make e be say u they intend to invest for the short term. Na weting i wan ask you be that, because e no dey good to invest in memecoin for a long period of time, even if na Trump get the memecoin on the hand na still pump and dump e go start to they do on the  long run. So they careful.

If you feel say u done they late to invest for the coin then try this him wife coin (Melania). People no too invest for that coin so the price no too pump. Try invest for this one before next month end you fit get better thing wey go come out for you.

Trump Coin is a meme coin. It boosted the market for some time when it came into the market but later the market has been dumping a lot which you can see when you look at the market. You should always buy Bitcoin because we can directly see how Bitcoin is increasing its popularity and improving its price. Altcoin cannot keep up with Bitcoin so why do you dream of buying different meme coins I advise you to stop dreaming of investing in Altcoin and dream of Bitcoin and invest in Bitcoin for a long time and of course you will be very successful.

Memecoin nah just pump and dump coins. So If I get opportunity to buy when the trump coin been cost some few dollars, I for buy am and by now I for don sell am realize profit. The coin been pump during him swearing in ceremony, but right now, I no think say na the right time to buy because the hype don dey die off. Also, some US law makers don come out to condemn the president creation of the memecoin and this one sef fit further dampen the future of the memecoin.

You are completely correct, shitcoins do not typically pump again after increasing and losing value. It will be very difficult to believe that Trump will pump again. Many people cashed out on it very well, and they brought a new one called Manenia, which some said is Trump's wife, and some people invested in it because they saw Trump raise and thought that the new one would increase very well, but in the next 24 hours the coin drum dippy, when I saw it, the coin was reading almost 11$, but now it is only 2$ and still dropping, so anyone who invested in Manania is already losing money because have not seen it rasing anymore since he started dropping.

So the best thing to do is to focus on the genuine coins, which is bitcoin. You will never see bitcoin drop dippy since it takes time and normally drops steadily, unlike shitcoins. Shicoin is quite hazardous you can never predict whether he will rise or fall,. What @Coyster stated is the greatest thing is not really safe to buy that Trump since it is shicoin and we don't know if he would pump again. To reduce your risk, just invest in bitcoin and safe your cash, but if you are willing to take the risk you can do it. We can't predict the market anything is about it but you need to think wisely before taking actions.

I see TRUMP coin as a pump and dump coin because the reason why the coin became very relevant was just because of the fact that Trump is the president of the United State of America which can influence more people to consider investing in the coin but what will happen to it after Trump leaves office in the next four years, maybe dump drastically or not but no one is certain if the coin can stay for a longer time. We should invest ONLY on coins that has long term sustainability and not just coin that rose as a result of hype.

If you still want to buy the coin, it is left for you to consider buying now or wait for a DIP before buying but for me, since the coin rose so high after Trump's inauguration, i don't see any event that will prompt the coin to rise more in the future so you can invest at your own risk and level of discretion.

No, it is not safe to buy it, but those who purchased these coins before Trump swear were mainly able to sell coins at high prices after Trump's oath. At present, the prices of those coins have dropped more. OP the Trump coin you mentioned was this memecoin. These memecoins are very risky to invest in, because in the initial stage, the price of coins increases tremendously, which attracts everyone. The more the price of memecoin increases, the more the price of these coins decrease. So investing in these coins is never safe, investing in these coins will have the highest amount of chances of losing your invested money. So instead of such coins, Bitcoin should be attracted to investing. OP, observe the market today and see how much the price of this coin has been dumping.

Buddy I have read through your comment, I think I somuch support your narration, despite the profit people has made from this memcoin called trump coin, it doesn't stop it from being a pump and dump coin, as crypto (Bitcoin enthusiasts) I think we should by now understand what pump and dump coin is, coin like this are hyped somuch and based on the individual behind it existence it can make a great upsurge at the beginning just as we know but in the later days some usual event may occur, though individual decision differs as far as digital investment is concerned but for me investing in such coin is at owners risk, i know by now people that invested earlier has been able to make their money and the owmer of the coin himself has been able to get what he want so as it stands the coin will be left to die a natural death or keep decreasing until it's been abandoned totally. So for me I will always advocate for Bitcoin investment at all time because it has a different settings different from the aforementioned coins.

You're making a good point, regardless of the owner of the coin or what name it's called, Trump coin is a memecoin and therefore should be threaded with caution cause it's not like Bitcoin that got long-term feature and risk free when you invest for a full circle, memecoins as we know comes with very high risk cause of their ability to be pumped and dumped by it's owners that's why people who risk investing on such coins should be very careful, always follow the market to take profit when it wants to start dumping and also invest what they can afford to lose. They come with good profits no doubt but they're like a gamble and investors who are very careful about it could lose lots of money. Well the coin has pumped and it's currently dumping so it won't be a bad idea to hold on instead of investing currently and lose.

Today I tracked the coin again and I noticed that is already $27 which is about -45% this has shown that it's a total redflag not to do any investments. I think now it's better to only focus on Bitcoin than jumping around these memekoin that holds no futures.

Like you said, there's hope by people (it's investors) that the token will get to $100 but theirs no certainty about that. People always speculate about the price of altcoins but they do get disappointed by so many of those meme coins because price ends up not getting to the target they have been hopeful about. So, if you are interested to invest in Trump token, only invest with the amount you can afford to lose if perhaps the reverse is the case (instead of the token to surge to $100, it dumped on you).

It is further declining is hating investors instead of attracting them. Many investors in the United States are avoiding buying the coin named after Trump due to his immigration policies. Although it is a meme coin since it is a personal name coin investors should be more careful when buying. I would recommend waiting for some more time before buying his coin. This coin may pump in the future, but for uncertain and small investors Trump coin may be more risky. I'm more focused on accumulation Bitcoin instead that will benefit me more in the future.

I been don reason am as well because as bitcoin price just dey one place since them sworn that man in as president nothing don really happened for the market, instead na this him coin com dey make wave for some times now. But anyhow e be I go just dey monitor am and you get d tin say if memecoin dump e no rise again.

I no think say e dey safe to buy that Trump coin now oh, even if e dip, who tell you say e go pump again, lol, if shitcoins dump, dem no dey usually pump again oh. I no go fit buy that coin oh and i no go fit advise person make him go near that coin, but na your decision oh, na only advice we fit give you. Instead i go buy Trump coin, i go use that money take accumulate more bitcoins.

You just displayed what meme holders do, they speculate for now reason because tell me why you think Trump coin will be going to $100 from here, same coin that did dump from $70ast few days to $30 and has been trading within that range. You need to know that crypto chart is not linear, it doesn't move in a definite direction, there is going to be up and down, the price can go up from here and can go down from here unless you are expecting some good news from Trump.

I saw a video where Trump was signing an executive order about Crypto, don't know how true that's, but we need to see their passion for Bitcoin and crypto growth before anything can happen to his coins and what will later happen to crypto market. For now, all eyes are on Bitcoin market and if that Reserve been discussed becomes successful, his meme coin is going to be one of the most traded meme coin in the history of all politician because there will be another politician that will surely launch theirs next.

Actually this coin is very scary to me and I don't no anything about the coin and all we are just seeing is people trooping it and that's what is making the price to rise a lot, though I no that Donald Trump may be the owner but that no withstanding I don't think is wise to invest on the coin unless the person is using a discretionary income on it, I no that Donald Trump is the only reason why people are investing on the coin because as he is the president they believe that he will have a serious influence on the growths, however I have not check what the price is but if is anything close to $100 as you said, to me is a red zone because the impact of the falling will be severe. Meanwhile I was thinking Bitcoin will be his major but his meme coin is getting more famous.

Regardless of the fact we are looking for a way to earn money from crypto, one should avoid cryptos without real -world value, Trump's coin has been the trend or talk of the town since he assumed office on the 20th of January. The Trump's meme coin is all about hype that is driving the price up, and I haven't seen any other thing attached to it, So except if in the future Trump comes out say something that people would use the coin to do (utility case).

Op asking if the coin is safe or not is quite annoying because considering his registration date on the forum he should have known that there is no other coin that can as safe as Bitcoin and anyone venturing in any other coins irrespective of the hype is apparently at owners risk and seeking for such advice here can as mislead others , my only advice is that he should always adhere to the golden rule of only allocating am an amount he can afford to lose, surely Bitcoin investment gives certain level of peace of mind which can never be compared to any other coins in the space.

Most recently the Trump coin was launched in the market named after the current US president. It debuted on the market as a meme coin. It was below $10 the moment it hit the market it reached its highest price within the next two days. Although it initially had a bullish symptoms but price has been trending downwards day by day. Despite the high of $74.59, there has been a huge price drop recently.

Being crypto friendly reflects investor confidence in the Trump administration has become a hype in a short period of time. Market observation suggests that the price of this currency is in a bearish period. A small number of traders are making multiple and high profits in a short period of time. Person based crypto is high risk. Controversial figures like Trump whose most negative impact is directly on the currency in his name. I think Trump Coin is more risky investment than other meme coins.

Because it's Trump, and Trump is a sharp guy in the crypto world, I'll give it my$2. However, don't invest more than you can afford to lose, as we are always advised. Since it's a memecoin, investing in it is at owners risk.  And I recently saw news that Trump sold the coin to acquire ETH, so you should be cautious.

Avoid putting yourself in a situation where you'll blame others. But if you believe in Trump's, you can acquire some and monitor the market. In the long run, you'll see if investing more if there's is a bull run is wise or if you should withdraw. Just keep an open mind.

I will not allow myself to be in the position to advice anyone about this Trump coin because it is a memecoin that is always risky to hold. Those who have the mindset of buying and selling within a short interval of time are free to buy but it is not supposed to be a long term hold because the hype will somehow fade with time. For the moment Trump is still in power, there are high chance of the coin rising in value as long as he continue to mention cryptocurrency in his speeches but a time will come when the big players will start taking major profits, anyone who do not sell before that time or during that time may lose money due to high volatility from the dumping that will happen that time.

Have it at the back of your mind that such is just a gamble as meme coins are usually not sustainable enough, you have to be careful its not a pump and dump project so you don't get to loose your money but some other persons were lucky they made some god money form it as at the time the coin first lunch and they did hooped on it but now i don't know if its still a good idea but for investment sake, it may not be the best thing to do currently as we don't know the fate of this coin if it will yield any better after now and if it will be sustainable enough.

My brother you don try to ask, because for we country wey we dy, them don talk am say person wey ask questions no dy miss road, see eh, the risk attached to this trump coin dy too high, because it's more politically motivated than most of other meme coin and shit coin alike, and I believe 100% say this trump coin dy on the downward Parth because people don cashout already, investors wey they enter now, na them the developers go use clear liquidity and recover all their money back plus their profit, so investment in trump coin now be like say you waka with clear eye go enter  trap, so na to avoid am like plaque be the best thing to do.

No allow greed for money make you enter tight Conner, even though you wan take risk in all and shit coin, take a calculated risk on other coin, not this trump coin.

Wait for it to dump more and more before you buy some quantity for yourself, it's probably a coin that would get lots of demand in the future for the sake of Trump, meanwhile, it's already listed on many popular centralized exchange for it's major exposure to many investors.

After all, there is a lot of memecoins in the market and I think Trump is one of them, but the problem is if Trump coin won't be developed more for her use cases that'll bring in more buyers and get demanded.

The money that you want to use to buy those altcoins that you mentioned can be use to buy bitcoin, because I don't see why anyone will go for an inferior coin and leave the superior one which is bitcoin. I don't think bitcoin is expensive to the point of you saying that someone will not be able to buy in satoshi. Bitcoin has outperformed many asset before its existence in the market, in terms of generating profit, including gold. Check out Ethereum, the price hasn't increased above the initial price when bitcoin was at $50k, but bitcoin has made more double of $50k in price currently. Invest wisely.

Brodaly I no know say you be omo 9ja, as I neva see you chuck mouth for we plenty tori here. Na true say we no fit know him plans if he go launched another memecoin where the previous coin go come dump uncontrollably. But base as I take know how the whole thing be I no go like just rush go collect some token of that trump coin and like this him wife coin wey be also melana coin dey also gain small attention pass the Trump self becus plenty we or obodo de world see am opportunity as e fit give dem beta return of their owo wey dem put for dat him wife project wey plenty pipo see am as memekoin.

You too sabi the game, like this self if pesin dey buy him supposed dey kiaful if not e go samankwe him eyes as plenty pipo just dey luk were dem fit collect quick money tak gum bodi as e be say him no too push bitkoin zoom as we bin dey reason say e go be, like now self we suppose see am for place like 120k or above da price self but instead e just remain one place dey since him enter go sit down as oga kpatakpata.

Just dey careful wit anything wey you dey do wit memes. Dem nor too dey reliable, na just for jokes and fun dem dey; except d few ones wey dem teams begin add usecase to dem. As for dat Trump token, I nor fit talk d direction wey e go go. E fit be sey e do even finish all d gragra wey dey im body like dat @ dat ATH wey e do. If not dat d creator na president wey dey support cryptos, I for categorically tell you to avoid am. Make you nor go become exit liquidity.

Regardless of who is in charge of it shitcoin is always a shitcoin nothing changed.

Your success in it is not guaranteed because it more of a gamble.

Therefore, I will suggest you go for bitcoin that is more secure and reliable in both short and long-term investment plan,instead of risking your hard earned funds for a fifty-Fifty investment deal.

If you feel you must invest in the new Trump coin, make sure not to do it with all of your portfolio and become distracted from investing in Bitcoin itself. Still maintain a strong strategy to invest consistently in Bitcoin because Bitcoin remains the most reliable to depend on for long-term returns, and it will profit and benefit anyone more who has a large investment in Bitcoin when the market sets a new ATH.

The token increased to $78 before it started to fall. It fell below $34.2 just not quite long and probably still showing signs of falling more.

I did not know the reason a company can file for Trump ETF which an asset manager or so did recently. I hope United States SEC will not approve it for the company. Trump is just a meme coin and its long term success is not guaranteed.

It could pump and it could get  dumbed forever or for years .. who knows , it has also been flowing with the market recently after it massive pump to $70+ but maintaininga $40~ $50   range..
it’s still new so no one can tell if it pump is really over but we all know it kinda dipping. Invest what you can afford to lose just as it’s been mentioned, if the risk works for you fine! but if it doesn’t, then you won’t need to worry that much since you can afford to lose it .

I saw this few days ago and on social media people keep posting someone that bought this coin with a dollar and made 3 million dollars. Other people also posted the profit they made, the figures were all outrageous and fake. But everyone got carried away and started buying this coin, it's all part of their strategy to get people's attention. Later on people confirmed that those big profits online wee just scams. I think you should leave this coin for a month so you wouldn't end up regretting why you bought it. Apart from Bitcoin I don't trust any other coin out there.

I dont think anyone can answer that question for you. You say you are aware and willing to take risks, so that should be your main guideline. Only you can decide how much risk you are willing to take.

If anything, memecoins stand out from other altcoins in their volatility.  You say you could wait for the price to drop further before buying? But who can guarantee that the value of token will increase again afterward? Keep in mind that Trump plans to release more tokens in the future.

Memecoins are like gambling, but a meme that has a strong personality to back it up is somewhat a good potential risk investment, so why not if you have a few dollars to spare for some years or months you spend on Trump coins, at least hold small amount and throw your face away from it if it comes out good, good it doesn't since you invested just a small amount, it won't hurt you.

Just don't trade the coin due to its current volatility rates, On the first day of its launch, it turned many people into instant millionaires, but those that jump in when the price is already $55-$83 per Trump coin are now in a bigger loses at the moment.

Atleast if one cannot buy bitcoin, they can as well try other strong altcoins like Solana and Ethereum coins who seemed to be having a more prospective market growth. It is more reliable to invest in these coins and still make profits out of it than to rely on Shitcoins and memecoins like $TRUMP and $MELANIA coins. A lot have made a whole lot of money during this massive uptrend period of the Trump coin and countless numbers ended in pain and lost due to their Fear of missing out (FOMO) after investing in the wrong time, the coin begins to decline in value significantly there.

Is doesn't matter what name is used to call the coin as long as it's an altcoin there are atoms of risks involved. And just because one person is enthusiastic or not enthusiastic about a coin and gives you their opinion you should not just take it without carrying out your own research.
Personally I have my doubts on The Trump coin and even though it does well all of a sudden I don't think it would have a good longevity so yes I consider it unsafe in the long run.

Yes I already having this mindset that I am gambling with the coins but I just want to know if is safe to venture now or later at least to stand a better chance for good profits while gambling with it. Altcoin are very risky currently to hold especially when they are not established yet.

You can buy some Official Trump with the amount of money that you can afford to lose. That is how altcoins, including memecoins should be. Especially those memecoins, they are very volatile. They can make you lose big or win big. That is the reason you should see them like gambling.

It is better to see Shitcoin as Shitcoin, it does not matter who invented it or who is promoting it. If you want to put your money at high risk and gamble with your money, then you can buy that coin. But I would never advise you to buy Shitcoin. Because the possibility of long-term returns is very low. If you value your money, then you should buy Bitcoin, there is a much greater possibility of profit in the long term.

Shitcoin is shitcoin and they don't have long-term potentials in them. I will advice you to think of buying bitcoin instead of meme coins that might make you run at loss in the long run, because they are for short term profit. I feel Trump coin is been pumped and we know how such coins do end with the passage of time. Bitcoin is safe and unique, but if you want to gamble, that's your choice.

Trump is a memecoin and all Memecoins are risky to hop into and buy while expecting a very big profit from it. When it was first launched, the hype around it and all the fundamentals surrounding it from Trump himself has made it pump to that height. I feel the tempo is low now and even if you’re risking what you can afford to lose in a memecoin, it’s not advisable to buy it now again. Those that will take out their money and dump the coin back are already doing that because even in the news I saw that the Trump project team are selling Trump coin and buying Solana. Trump coin was never a safe haven, it was just for that moment and since the moment is already passing by, you should not buy it again. Look to invest in bitcoin or other solid altcoins.

Like we know the trump coin has been on a higher demand with the hope the price will break out to $100 anytime from now. I didn't utilize the opportunity to have some memecoin for myself and after I finished watching and observing the market I feels like I can buy few of it.

Do you think is safe to buy now or I should wait a bit while it dip more?