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Trump coin loses nearly half its "value" in 45 minutes. The future of finance. Digital gold. (hexbear.net)

submitted 5 months ago* (last edited 5 months ago) by [email protected] to c/[email protected]

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link to the graph.

At least before the drop, it was the 14th biggest crypto by market cap, fifth most traded. link

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[–] [email protected] 25 points 5 months ago (2 children)

These are just electricity intensive donations to the person issuing them at this point.

These coins come out, lose all value immediately, then what? Do they just linger on the trading sites as a shitcoin forever?

People know this, don't they? You're just giving money to the person issuing it because you like them

[–] SatanClaus 12 points 5 months ago

WE know this. People don't know shit. Modern human beings don't know what a power cord is dude.

[–] [email protected] 11 points 5 months ago

Some traders do know this, that's why they trade and get out quick. Others are completely unaware they're being duped. Coins are nothing but unregulated trading and if you're the former and can convince the latter to buy/sell, you can make out with lots of money each time.