If it drops a little more, I will break even, but I absolutely will not sell $TRUMP for the following reasons: Trump is going to invite the top 220 holders of $TRUMP to dinner. Once this news broke, the price of $TRUMP shot up, reaching a high of $16. As everyone knows, my average purchase price for $TRUMP is $17. Although it is close to breaking even now, it still hasn't reached my psychological expectation.
$TRUMP is a coin that can be traded on all exchanges; it has a novel and unique concept, and it has even received Trump's personal endorsement. As long as Trump is in office, he can occasionally create big news to stimulate the market. Many people are worried that a large amount of chips will be unlocked and cause a crash, but I believe this is not a problem at all. The market is driven by emotions. Back in the day, when Dogecoin had such a large circulation, Musk manipulated it a little, and the price soared hundreds of times in a short time, making it impossible for buyers to grab any chips.
Meme coins are, to put it simply, supported by everyone's emotions, and the power of the community is crucial. The concept and the story are much more important than the actual value. You can think of it as an 'emotional financial product' in the digital world. When people buy it, they are buying a sense of belonging, an expectation, or even a fantasy. Buying $TRUMP is not necessarily because one believes in Trump as a person, but rather because as long as there are people supporting him, there is still room for the coin's price to rise.
Unless I believe that there will be no major bull market ahead, or if something unexpected happens to Trump, otherwise, if $TRUMP does not rise to more than five times my purchase price, I absolutely will not sell. I firmly believe it still has great potential for appreciation.
$TRUMP is a coin that can be traded on all exchanges; it has a novel and unique concept, and it has even received Trump's personal endorsement. As long as Trump is in office, he can occasionally create big news to stimulate the market. Many people are worried that a large amount of chips will be unlocked and cause a crash, but I believe this is not a problem at all. The market is driven by emotions. Back in the day, when Dogecoin had such a large circulation, Musk manipulated it a little, and the price soared hundreds of times in a short time, making it impossible for buyers to grab any chips.
Meme coins are, to put it simply, supported by everyone's emotions, and the power of the community is crucial. The concept and the story are much more important than the actual value. You can think of it as an 'emotional financial product' in the digital world. When people buy it, they are buying a sense of belonging, an expectation, or even a fantasy. Buying $TRUMP is not necessarily because one believes in Trump as a person, but rather because as long as there are people supporting him, there is still room for the coin's price to rise.
Unless I believe that there will be no major bull market ahead, or if something unexpected happens to Trump, otherwise, if $TRUMP does not rise to more than five times my purchase price, I absolutely will not sell. I firmly believe it still has great potential for appreciation.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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