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leopardsatemyface·Leopards Ate My Facebyspaghettiwestern

CNN Reports $TRUMP Coin Value Drops 98% as 740k Lose Money

“If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.

“This is a woman who spoke to Reuters,” Bash said. “She put $2,000 of her savings into the $TRUMP meme at the end of May. Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme. The second investor, Matt, a 45-year-old machinist in Indiana, put $40,000 into $TRUMP family tokens … Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”

CNN Reports $TRUMP Coin Value Drops 98% as 740k Lose Moneyhttps://www.mediaite.com/media/news/trump-meme-coin-value-plummeted-98-as-over-740k-investors-lose-money-report/Open linkView original on sh.itjust.works
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89 replies

lemmy.ca

a loss of about $32,700. He does not blame the Trump family.

wtf.

Galatians 6:7-8.

reap what you sow, morons.

185
lemmy.ca

Perfect example of how deep his supporters are in.

There is nothing that could sway them.

Except maybe the Epstein files, which are already seemingly forgotten about by most people.

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minorkeysreply
sh.itjust.works

Not blaming Trump is the brainwashing that lets him get away with everything.

29

When I find that asshole who jinxed it when they unironically said "he can't keep getting away with these things" I am going to brutalize them.

4

He probably knew what to expect, but thought he had a better "system" that would let him be part of the pump and dump profiteers by getting in and getting out faster than the other schmucks who were being taken for a ride. (If he'd read the terms that locked him into holding it for years before being allowed to sell, he might've figured out that he was about to become a schmuck who'd be taken for a ride.)

Anyway, it's not gambling if you win every time!

3

-in the context of mocking God, here's the full passage, NIV:

7-8
Do not be deceived: God cannot be mocked. A man reaps what he sows.

8-8
Whoever sows to please their flesh, from the flesh will reap destruction; whoever sows to please the Spirit, from the Spirit will reap eternal life.

8-8 ain't bad, tho.

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lemmy.world

How can you lose your savings and thank the man who took it from you?

103

it's hate. they hate the same groups of humans.

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lemmy.world

It could be that it saves face, admitting they were wrong means admitting a lot of what they believe is also wrong and it can be very difficult to admit to that

11

"you may feel a slight sting. That's pride fucking with you. Fuck pride. Pride only hurts, it never helps. You fight through that shit."

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nickiwestreply
lemmy.world

How do you deprogram millions of people? Seriously, it's hard for cult members to re-integrate back into society without support.

I worry about what happens when their 80-year-old leader dies (to be clear, that's an inevitability, not a specific wish) and they leave the Republican party but have nowhere to turn for community.

40

It's been a cult for long before Trump came along, it was a cult looking for a leader. I googled "how to break people free from a cult" back in 2011. What i got out of it was you have to let people figure it out themselves. Confronting them makes them dig in deeper. Best thing to do is not make them fear an "I told you so" moment. We all have our pride

22

they will latch-on to whoever spews the same lies and hate the loudest.

13

They're not going to leave the Republican party. They don't have specific beliefs or values diving their political expression. They embraced what it meant to be a Republican before Trump just as they embrace it now, even though those are two disparate worldviews. They will do the same after he is gone with whatever the GOP says is their unchanging views at that time.

10

Just to be extra clear, for me, it is, in fact, a specific wish.

9

to be clear, that's an inevitability, not a specific wish

Why not? I'm actively rooting for it.

7

No Trump -no idol, no power, no motivation, no movement. One day, bro, one day.

how do you reprogram Christians?

You don't, you just tell them Jesus would've been socialist and give them proof.

3

that’s an inevitability

My fear is that when he dies, they'll just replace him with a body double. My even bigger fear is that they've already done that.

3

I think they're just stupid and rely on being told what to do rather than figuring out what to do. Trump wouldn't be the only thing in their lives taking full advantage of that.

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whoisearthreply
lemmy.ca

OMG is this real? I'm stealing it. It's mine now.

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lemmus.org

I've lost the ability to feel sympathy for folks that lose money on meme coins, no matter where they come from.

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lemmy.world

If Trump was putting his name behind it, it must be a legitimate investment

😂 😂 😂 😂 😂

39

everyone but MAGATS know it was a way for billionaires and putin to funnel money to him.

14

They bought the hats, which turned out to be cheap trash

They bought the gold shoes, which turned out to be junk

The bought the knife which was gas station knife quality

They bought the phone which turned out to be cheap and outdated

They bought the crypto which turned out to be a scam

But those gold and silver coins will be...those will be worth the investment

/S

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jasomanreply
lemmy.world

It was mostly used as bribes they did not expect it back.

15

Iirc, most classes were prohibited from selling for two years after it debuted, giving the protected classes plenty of time to fleece the sheep.

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lemmy.today

"If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.

I was going to write that if it's a Trump deal, then you KNOW it's a scam. And yet here is a woman who STILL believes that the Criminal-In-Chief is totally legit and credible.

How do these people stay on board after EVERYTHING they've seen?

26

Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme.

She at the very least woke up to reality after losing almost $2000.

This guy however, lost $32,000 and still thinks Trump is great. 🙄

Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”

And yeah, as far as I'm concerned every single person who put money into the Trump meme coin deserves losing every penny.

12
prolereply
lemmy.blahaj.zone

I also remember reading that trading the coin was disabled for everyone but a select few people. Meaning the coins are actually worth $0 because even if you time it right, you literally cannot send the coin anywhere.

Unless that was about another scam coin they did. Hard to keep track.

Also, Hunter's laptop, guys. It's a really big deal, guys.

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lemmy.world

I've heard of that meme coin thing before. Isn't that what happened to that spit girl?

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prolereply
lemmy.blahaj.zone

I tried finding the article I remember reading but couldn't find it. Was only finding articles about people getting scammed and then saying it's not Trump's fault. And I had to give up the search before being forced to actually kill myself.

spit girl

I dunno what you're referring to...

1

Hawk tuah girl who dragged out her 15 minutes to 6 months. $HAWK founders were charged by SEC for pumping and dumping $490M. Case is still in court. She was originally not in the lawsuit, but then she was investigated, but by 2026 they concluded she was just a paid spokesperson and they dropped her from the suit.

I have zero sympathy for investors looking to make free money. Work for your money.

7
lemmy.world

Just another meme coin person. She gave an interview with that channel 5 guy. She mentioned that nobody could really do anything with the coin because it was frozen and either that was illegal or what was occuring while it was frozen.

A speculation only market and these meme coins seem bunk from the word go.

1
lemmy.today

Meme coins are the latest version of "limited edition collectibles," like the Franklin Mint garbage, or Beanie Babies. It's just dressed-up to look like a legitimate investment for MAGA morons.

3

Yeah, but there are at least ones that a lucky person could time, and sell around the same time as the people who are orchestrating the scam, and make a lot of money.

In this case, I'm pretty sure they couldn't even do that.

1

Who could have foreseen the man that ran a scam University and a scam Non-profit could be running a scam Crypto?

20

Hey - is only s loss of you decide to cash in, right? It's got nowhere to go but up, eh?

🤡

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lemmy.world

Anyone stupid enough to buy this memecoin thinking that anyone but trump would make money on it is suffering from the real trump derangement syndrome.

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lemmy.world

Many of my coworkers are trumpers and they love to talk about "trump derangement syndrome". Whenever they bring it up I agree with them and say "yes, trump is highly deranged" and they get all apoplectic. "That's not what it means!"

4

I always tell them that the people with Trump Derangement Syndrome are the MAGAs. His disapproval ratings are around 65-75%, those aren't the deranged ones. The deranged ones are those who are still following him after EVERYONE else in the entire world has fully accepted that he is a Traitor, Racist, Pedophile, Mysoginist, Virtuosically Incompetent,band mind-bogglingly Corrupt. None of that is speculation or propaganda, it is simple American History.

4

If you're not angry nearly to be point of derangement by now, then fuck you you're part of the problem

1

I'm in favor of taxation by stupidity. If only that money wasn't going directly into the pockets of the corrupt instead of paying for healthcare and affordable housing.

14

Whoever bought those coins IMO deserves everything they get. Mind you in this case it’s less.

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zbyte64reply
awful.systems

You could probably talk the same people who lost 98% of their "investment" to buy the dip

11

Fuck all investors and/or stock market players on all sides. There is no such thing as easy money, unless it's at the expense of someone else. Greedy pigs, playing with tokens of questionable value, deserve what they get.

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lemmy.world

I love that he pump and dumped his own supporters. He screwed them on the trump phones too. I think they should keep giving trump their money so they can become penniless and experience Trumps attack on social services and food aid. Chefs kiss.

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lemmy.world

I had a friend in college back in the '80s who was a born-again Christian and a big Jim and Tammy Faye Baker supporter. After their scams and shenanigans had been publicly exposed. And it wasn't even that he didn't believe the news about them -- he did believe they were scammers and kept sending them most of what little money he had. If you want me to explain that mindset, I absolutely can't. It's something along the lines of "God works through disreputable people sometimes".

For me, what's so mysterious is not that people like this can be cheated out of their money. It's that people like this have any money to begin with.

2

In his mind, he wasn't giving his money to the scammers, he was giving it to GOD, they were just the conduit.

It sounds like he might have some OCD, or other mental issue, and was locked into this pattern, where his brain felt good when he gave money to God. He has to break that pattern somehow, or substitute a different behavior that has a positive outcome, like exercise.

Unfortunately, whatever he substitutes will probably also become unhealthy, until he deals with whatever is causing this behavior, but at least he won't be giving away all his money to criminals.

2

I put €200 into it. Sold my package a year later for €400. Great investment!

2
lemmy.world

I've been in a lot of cults. You make more money as a leader, but you have more fun as a follower.

4

holy shit. Dumpy scamming people?!? WHO COULD HAVE SEEN THIS COMING??

as an aside, I have no sympathy at all for these people losing everything. We tried to tell them dumpy is a fucking conartist. They wouldn't listen. Fuck them.

3