The Trump Effect, A Warning For Crypto Newbies

[dzungmobile]

I don't think so, money/profit is the most important.

But if they ignore risk, they will not get profit and worse can not defend their initial capital.

I would say newbie better to stay away against all these fake Trump coins.

These tokens were launched by scammers who simply want to join the current hype around Trump. They knew that if they succeed, they will get massive fortune from their scam tokens. When hype cools down or Trump fails in the election or no longer a politician with big impacts in the country, these tokens will die in hell, without no attention from cryptocurrency community.

Many scam tokens created and died already and these fake Trump tokens will be the same. I am unsure calling these tokens as fake is a correct saying but I use your words only.

[Taskford]

Donald Trump Jr have just announced that he is going to launch his own DeFi crypto platform, his aim is for it to serve as competitor to the banks. This is coming in his Father’s bid for the presidential seat and also looking at making bitcoin a more viable option in finance in the USA.

politicians with fake promises, he can as well start all these now, they don't have to wait till they reach there because some of their agenda may not really work in line with the expectation of the people, this is not what we are seeing for the first time with the likes of them, some things were easier said than done, once they emerged office, then comes in another story entirely.

For always saying such things which I think almost impossible to do by politician it leave some impression that he's trolling the crypto community and its also like he create something that eventually he cannot make it. Maybe he should focus on saying about possible regulation and other thing realistic situation about their plans towards crypto. Since maybe with that they can get genuine support and people would provably think that they are true to their words and somehow he create something more useful things on cryptocurrency industry.

That thing is bit off and I don't know if he really mean that since provably that statement release because they want to hype the crypto community.

Also with these things release newbie should be more careful about possible meme coins scam named after Trump since for sure all of them is a scam.

[Coyster]

This is very true.

Businessmen have successes and failures. What is important is to overcome failures , what he did.

It is not a shame to have a failed business and try again

Well i do know that, i just pointed out his failures to you, the reason being that you sounded like since he has achieved some success in business, then we should believe that whatever platform his son wants to create would be a success. That is a big no for me, i don't believe in whatever platform Trump Jr wants to create and my mind tells me that this is just another campaign antics, and this project would prolly never get launched.

[nakamura12]

Well i do know that, i just pointed out his failures to you, the reason being that you sounded like since he has achieved some success in business, then we should believe that whatever platform his son wants to create would be a success. That is a big no for me, i don't believe in whatever platform Trump Jr wants to create and my mind tells me that this is just another campaign antics, and this project would prolly never get launched.

You have a point there but wouldn't it be better if take a look at it once it is announced or something like that and investigate if the project will be a success or not. At least the failures is what helps businessman/woman become successful or being better in running a business. I state in my post that I wouldn't give much attention but it doesn't mean that I won't give attention to the project. If you want to ask me what I would say is that you should study the project first to make a decision if it's worth to invest (in this case) to the project that DTJ are going to create.

[Luzin]

Many scam tokens created and died already and these fake Trump tokens will be the same. I am unsure calling these tokens as fake is a correct saying but I use your words only.

I don't monitor much of the state of the tokens Trump released, and I don't even know the name of the token. Indeed, I am not so interested in projects that take advantage of big names, because I am not very brave to join. I trust more in some token coins that have been able to prove themselves.

This condition certainly does not have to be feared, a beginner must certainly be able to select what to invest. They must be diligent in seeking information about what will be done. I think actually not only Trump Tokens there are many other tokens that are made similar to the same purpose, deceiving users.

[Yucky]

Your coin is not worth risking for a politician, they’ll always serve their interests first before looking out for you.

I have Trump winning against Biden, but now that Kamala is in the picture, Trump must triple the effort; I'm still waiting for Kamala's stance on Cryptocurrency. If she supports Bitcoin, the Bitcoin community will be divided, and Trump will lose all his previous gains.

this then begs the question, what if all this positive statements and promises that's coming from trump and his wings is just all about getting people from the crypto space to vote him into power even when he has no intention of carrying out his promises when he gets into power? We all know how politicians are when it comes to the issue of fulfilling the promises they made during thier campaigns. Isn't it possible that Kamala can still use the same strategy trump is using in the coming days. Maybe wait close to the end of the campaign and talks positive about the crypto industry and then split the audience trump is already enjoying from people who are from this end.

That it's Trump Jnr token doesn't guarantee that such project will be successful. Even if it comes to be, we still have to look at what it's built on and the tendency it has to succeeding based on general the team involved in such project and thier long term plan and not just one that's using the goodwill of trump to her advantage.