For those who bought and made profits, congratulations. For the others, those who bought at 70 USD and are now waiting for it to rise from 35, I have three things to say. First, you messed up the market. Since Trump was a candidate, and now president, I have never understood everyone’s excitement about him. The guy is first a businessman, and as a politician, a demagogue. He always claims to have the solution. Let me give you an example. The TikTok blackout was caused by him during his first term, due to his fight with Chinese companies (it started with Huawei). Biden inherited the problem and had to deal with it. Trump is just a fool with money and power who wants more. When he was elected, even people from Africa celebrated on Square. It’s embarrassing.
Second, you should never, ever buy a coin where there is a wallet holding more than 10% of the tokens. That is even the strategy for buying tokens in pumpandfun. Above 10%, there is a serious risk of a rug pull. There was a wallet here with 80%. Trump did it by the book. Pumped by President! Third. You had the example, and two days later you buy Melania? And again, a textbook rug pull.
Trump doesn’t have the solution for anything; he was a guy who was against cryptos, who wanted to regulate BTC. He partnered with Elon Musk just to create more hype. (And watch out, Elon Musk is also a manipulator, another fool with money and power). Well, you know what all his rhetoric about being the paladin of cryptos was for. He based a large part of his campaign on cryptocurrencies, and in taking power, he didn’t even mention them. The guy just found another way to make dirty and easy money.
I am absolutely disgusted with all this week.