this post was submitted on 03 Mar 2025
198 points (99.5% liked)
CryptoCurrency
335 readers
22 users here now
Welcome
Welcome to /c/CryptoCurrency on Lemmy.World, a sister community to the r/CryptoCurrency subreddit. Use it for open discussions on all subjects related to emerging crypto-currencies or crypto-assets.
Please bare with us as c/CC is a work in progress. Certain aspects will look out of place since Lemmy currently lacks certain features(wiki pages, mod tools, etc) and is not a one for one Reddit replacement. Therefore, ignore any rules below related to karma or Moons.
Rules
- Core Principles
- See our Expanded Rules wiki page for more details about this rule.
- Spam
- Rule #2.10 - Posting referral, promo links, or codes of any kind is strictly prohibited and will be met with a long-term or permanent ban. This includes "PM for referral", asking for referral codes or links, and linking to sites used solely for referral links.
- See our Expanded Rules page for more details about this rule.
- Manipulation
- See our Expanded Rules page for more details
- Giveaways or Illegal Activity
- See our Expanded Rules page for more details about this rule.
- Content Standards
- See our Expanded Rules wiki page for more details about this rule.
- Personal Information
- See our Expanded Rules page for more details about this rule.
- Content Theft
- See our Expanded Rules page for more details about this rule.
- On Topic Discussion
- See our Expanded Rules page for more details about this rule.
- Suitable Titles and Flairs
- See our Expanded Rules page for more details about this rule.
- Communicate With The Mod Team
- See our Expanded Rules page for more details about this rule.
Resources and Tools
Education
Exchanges
- Binance (Worldwide)
- Coinbase (Worldwide)
- Coinbase Pro (USA)
- Cash App (USA)
- Kucoin (Asia)
- Huobi (China)
- Bitfinex (Worldwide)
- Kraken (Worldwide)
- Bittrex (Worldwide)
- BitStamp (Worldwide)
Local Exchanges
Mining
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
Well, I'm glad you're so confident in your ability to time these scams. Don't bet more than you're comfortable losing though.
How did my hypothetical, rhetorical question lead to the conclusion I'm one of those idiots...?
You seem confident that you can profit from memecoin rugpulls without being an insider. You'd only be an idiot if you tried to pull it off with money you can't afford to lose.
My question to start with was pretty specific. If somebody had bought in at the start on the ground floor, weren't they pretty much guaranteed a profit, now that all these shenanigans are ongoing? You seem to have turned that into me advocating for crypto and memecoins in general.
Not crypto in general. Memecoin rugpulls, which is what this whole post is about.
The overwhelming majority of people who buy that shit lose their money. You're saying that's easy to avoid. If it's so easy, why are they all getting scammed?
How many memecoins have foreign billionaires dumping millions of dollars into them on a regular basis?
I'm not saying all memecoin releases are safe. I'm saying if you got in on this particular one at the start, now that trump is using it to launder bribes, you might be fine. Or if not, what makes you think so. Jeez, how hard is it to follow the thread of the conversation?
Ah, now I see what you mean. I agree with you then.
Well, you kind of made it hard to follow. You started mentioning "the nature of crypto", which gave your comment a general scope, not just the TRUMP memecoin. Then you kept talking about hypotheticals, reinforcing the generality of the conversation. Forgive me for thinking we were talking about memecoins in general. You also seem to have missed that I was talking in general.