SEC Drops Charges Against Chinese Billionaire After He Pumps $30 Million Into Trump’s Crypto Scheme
https://gizmodo.com/sec-drops-charges-against-chinese-billionaire-after-he-pumps-30-million-into-trumps-crypto-scheme-2000569966Open linkView original on slrpnk.net
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I dug up a comment I made 21 days ago about that Trump currency and going to repeat it:
I wonder how many more times I'm going to repeat it until it stop being a "crazy conspiracy theory"
Given the nature of crypto though, doesn't that mean the idiots are profiting as well?
The only ones profiting are the ones with insider knowledge.
Why so? If you're an idiot who bought early when it was announced, you're presumably profiting from the general rise in the currency. Not as much as those who know when a spike is coming of course, but still.
You also need to sell at the right time. The people who buy while it's going up don't sell until after the rug gets pulled by the insiders, and by then it's too late.
? Automated sells are a thing. Price goes up x %, sell
Right, that's why so few of these people lose their shirt to these rug pulls.
My original comment was specifically referring to those who bought in early at the start. Presumably if you buy at rock bottom, there's only so much a rug can pull out from under you.
“Draining the swamp”
This should end well for everybody.
America. The new Russia.
Hope everyone's ready for a significant decline in quality of life.
Brave new world
Wtf