It's a big mistake! - Mark Cuban on TRUMP coin

[Mr. Magkaisa]

We all know Mark Cuban as one of the judge in Shark Tank, a great investor and Owner of Dallas Mavericks of NBA.
He is also a big support of Cryptocurrency specially Ethereum and Bitcoin.
Is is the big factor of the DOGEcoin big leap when they accept the payment of this memecoin to their business.

DOGE finally made it and this is the main reason why there is so many memecoin today. And this is what we have now and for Mark it is a very big mistake if CEO and business will start this to others.
We know that USA PRES. Donald Trump was unaugurated and on that same day they launched is meme TRUMP coin and not just that, they also have MELANIA coin who is afrter the First Lady.
This Trump coin get as high as 70USD per coin in the market before and now at 25 something. Cuban is very aware if it and he is afraid that many people will lose money on this and will take risk as the coin is not suitable for a long hold. the value might fall down more.

How about you? will you HODL this one?

Trump to USD since launch:

[TastyChillySauce00]

Cuban is very aware if it and he is afraid that many people will lose money on this and will take risk as the coin is not suitable for a long hold. the value might fall down more.

It's a meme coin, everybody buying meme coin know it's degen and there's big fat chance of losing so I think it's like speaking the obvious, but regardless there might be some newbie just getting fomo'd into buying so i guess this warning is better targeted at those people.
so expect big volatility, and I personally won't hold meme coin for long, it's at best just for short term, there's no underlying utility that guarantee long term value retention I think.

[avikz]

How about you? will you HODL this one?

No! Never! Nako! Naa!

Memecoins are meme coins for a reason. These coins do not have any utility at all whatsoever. if you get in early, you will make some money before selling them off. But if you keep on holding, you will loose your entire investment. That's how majority of the people looses their money in meme coins.

This is a madness! I hope these hype over memecoins ends soon and we don't get to see 100s of Meme coins popping in every single day into the crypto market. This is literally trash which people are even considering to hold for long time!

Doegcoin made it, but there's no guarantee that others will make it too! These are dangerous investments. 

[Charles-Tim]

This Trump coin get as high as 70USD per coin in the market before and now at 25 something.

Trump coin all-time high was $78. It is true that it falls to $25 today.

How about you? will you HODL this one?

To hold Trump coin? I can never do that. Not that I can not hold only Trump but I can not hold most altcoins also. The best is to buy and sell them with small amount of money within a short period of time.

[fikrett]

Didn't fly the wave from the start - don't want to try it now.
Even though it may pump any moment if Trump says something about it - it's not worth the risk.

[DeathAngel]

It's a meme coin, everybody buying meme coin know it's degen and there's big fat chance of losing so I think it's like speaking the obvious, but regardless there might be some newbie just getting fomo'd into buying so i guess this warning is better targeted at those people.
so expect big volatility, and I personally won't hold meme coin for long, it's at best just for short term, there's no underlying utility that guarantee long term value retention I think.

Agree with everything here, it’s a total shit coin that has no utility & was just used to dump on gullible latecomers. If you made money in it, good for you but I hope you got out fast. These coins don’t have a happy ending for most buyers. I didn’t buy it but I’ve got rugged a number of times on similar projects.

[Taskford]

We all know Mark Cuban as one of the judge in Shark Tank, a great investor and Owner of Dallas Mavericks of NBA.
He is also a big support of Cryptocurrency specially Ethereum and Bitcoin.
Is is the big factor of the DOGEcoin big leap when they accept the payment of this memecoin to their business.

DOGE finally made it and this is the main reason why there is so many memecoin today. And this is what we have now and for Mark it is a very big mistake if CEO and business will start this to others.
We know that USA PRES. Donald Trump was unaugurated and on that same day they launched is meme TRUMP coin and not just that, they also have MELANIA coin who is afrter the First Lady.
This Trump coin get as high as 70USD per coin in the market before and now at 25 something. Cuban is very aware if it and he is afraid that many people will lose money on this and will take risk as the coin is not suitable for a long hold. the value might fall down more.

How about you? will you HODL this one?

Trump to USD since launch:

People already know what's going to happen with those meme coin. Although this is owned by Trump it doesn't mean that this became so huge in the market. For sure that people invest on that shit token is just their because of its hype, but later on for sure that lots of people will go out and try to find another potential alts to invest again.

I don't know if we can see another round of pump and $Trump would hit its past ATH. But for sure I won't think about holding it because I don't trust dealing with meme coin.

We should not feed those shitcoin creators and they just provably fooling people by thinking about great profits to get while the fact is Trump also people near them only benefiting from this shitcoin.

[fikrett]

Agree with everything here, it’s a total shit coin that has no utility & was just used to dump on gullible latecomers. If you made money in it, good for you but I hope you got out fast. These coins don’t have a happy ending for most buyers. I didn’t buy it but I’ve got rugged a number of times on similar projects.

Trump just seized the opportunity while he could.
Imagine what would become of this coin when his term would be over, if not even earlier..

[asriloni]

I see no real reason to hold this token. Although it's Trump's official token, but it has no utility. it makes sense if we're avoiding to deal with this kind of token. I expect it's gonna dump even deeper. Trump's current marketcap is overvalued to me.

It's gonna be a disaster to buy this token now. It makes sense if each trump token priced around 8 - 10 bucks. Any numbers more than this is actually overpriced.

[DavidManningCA]

Your post is not factually correct (forget the grammar and spelling, your English is probably better than my second or third language). He launched the coin the weekend before his inauguration, not on the day of.

That being said... it's a scam, and everyone who "invests" in it is a sucker who deserves to lose their money.

[Ziskinberg]

That being said... it's a scam, and everyone who "invests" in it is a sucker who deserves to lose their money.

It’s only a scam if the intention is to steal money from investors, but since this coin isn’t illegal, it can’t technically be called a scam.

Trump knows that, he wouldn’t finance something that could get him in trouble. But we all know that the purpose of this meme coin, like all others, is to benefit early investors and, most importantly, the team behind the project. Mark Cuban is right though, people should listen to him. This TRUMP coin is nothing like Bitcoin, which has long-term potential. This one? It’s just another meme coin that will serve its purpose and then fade away, but we don't know when it will.

[Pandorak]

We know that USA PRES. Donald Trump was unaugurated and on that same day they launched is meme TRUMP coin and not just that, they also have MELANIA coin who is afrter the First Lady.
This Trump coin get as high as 70USD per coin in the market before and now at 25 something. Cuban is very aware if it and he is afraid that many people will lose money on this and will take risk as the coin is not suitable for a long hold. the value might fall down more.

How about you? will you HODL this one?

Those who decide to buy this token are mostly people who are affected by FOMO with the news that happened, seeing Donald Trump tweet instantly everyone who knows it immediately rushes to buy without thinking about risk, maybe if you are an early buyer this will be easy money, however, if you buy when Trump is already listed on the exchange, you will only be the exit liquidity of the whales who have previously bought, the point is if you are an early buyer you will be rich, on the other hand if you buy after listing on the exchange you will likely be a holder for a long time or even forever, because after all this is MEMECOIN, people who have been in crypto for a long time must understand what i mean.

[BlondBlock]

While Official TRUMP coin is a meme what if it also turns out to be a unique opportunity? In the future Trump's companies could use it for real estate investment trusts, rewards credits at trump resorts, etc. This one might not die as ugly as you think.

[coin-investor]

Meme coins, whether they derive from animals or personalities, without use cases are big mistakes. We don't need Mark Cuban to tell us that; we have seen it happen in many meme coins where they thrive on shilling and FOMO and die down after a few months.
Many meme coins life span is very short; this is a very risky investment and you have to understand the market movement of memes, getting a signal on when the meme will be pumped and when it will be dumped.
You cannot be a passive investor in a meme, or you will be burned.

[el kaka22]

It has been going down steadily, and it will keep going down the same way for a long time. Of course during big bull runs when everything is giant green, this may have some small increases too, but that doesn't mean that future is looking good for this coin.

I can see this going under 20 dollars at first, and then under 10 dollars, eventually landing somewhere under 10 dollars. It is not going to be zero, I doubt it would go under 1 dollar for example, it will stay above 1 dollar, but I am sure it will be somewhere between 1 dollar and 10 dollars. That is my idea and I just predict this, but obviously this could shock everyone and do a big comeback who knows, if that happens I would miss it but won't regret missing it to be honest.

[passwordnow]

It's not a mistake for those that have rode it too early when it had been launched before the inauguration. But the funny part here is Trump himself didn't even know how much he earned with it. Like I get it, he doesn't care on it and he can't put his focus watching the prices when he's got a lot of task, but this is just the funny part in there that he asked during the interview how much he earned.

[stadus]

It has been going down steadily, and it will keep going down the same way for a long time. Of course during big bull runs when everything is giant green, this may have some small increases too, but that doesn't mean that future is looking good for this coin.

I can see this going under 20 dollars at first, and then under 10 dollars, eventually landing somewhere under 10 dollars. It is not going to be zero, I doubt it would go under 1 dollar for example, it will stay above 1 dollar, but I am sure it will be somewhere between 1 dollar and 10 dollars. That is my idea and I just predict this, but obviously this could shock everyone and do a big comeback who knows, if that happens I would miss it but won't regret missing it to be honest.

This coin might trigger some panic especially from people that was caught up in FOMO, and that might push the dump even further. If I were playing the game, I'd be waiting to buy at under $10. There's no way this coin will just vanish after one strong run. As long as Trump remains president, there's still plenty of opportunity for another pump, which could mean a nice profit down the line.

On the other hand, if you're not into high-risk investments or volatile trading, it's smart to listen to Mark. He's a proven investor with a solid track record and a pretty hefty bank account. Mark really knows how to spot a coin with real potential.

[o48o]

It's a meme coin, everybody buying meme coin know it's degen and there's big fat chance of losing so I think it's like speaking the obvious, but regardless there might be some newbie just getting fomo'd into buying so i guess this warning is better targeted at those people.
so expect big volatility, and I personally won't hold meme coin for long, it's at best just for short term, there's no underlying utility that guarantee long term value retention I think.

Except it's not even that. It's a token and while i know that terminology is a lost battle now, it somehow annoys me that everyone is mislabeling it to coin; like it would need additional credit as an individual coin. That makes an impression that it has some function other then being another parasite token.

Everyone buying it deserves to lose their money, and i am sure that they will blame "woke" and "dei" for that loss.

[nelson4lov]

I can confirm that Mark Cuban wanted to launch a memecoin himself after the Trump launch but obviously knew that his coin meme might not do as well as Trump. So seeing him throwing shades at trump only means he's throwing stones at others despite living in a glass house.

I've come to understand that in crypto, people will often say shit if something doesn't benefit them but keep lips shut when they're in on him. Even Mark Cuban is no saint in crypto.

[Webetcoins]

Meme coins, whether they derive from animals or personalities, without use cases are big mistakes. We don't need Mark Cuban to tell us that; we have seen it happen in many meme coins where they thrive on shilling and FOMO and die down after a few months.
Many meme coins life span is very short; this is a very risky investment and you have to understand the market movement of memes, getting a signal on when the meme will be pumped and when it will be dumped.
You cannot be a passive investor in a meme, or you will be burned.

Due to have some good points about altcoins and Bitcoin during his campaign Trump play good and timely cards and take good advantage of his post which give him and his allies huge profit now things are almost near end, but they can use this again in near future for their own interest.

Here I also agreed Mark Cuban not needed for any explanation about this because now community well understand how things are working and how big players are using this for their own many gain millions and many lost their lives savings but still lessons to be taken because without having solid strategy and rules no one can bring changes.

Investing in meme coin has never been ideal with it's always keep you on verge of lost.