“If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.

“This is a woman who spoke to Reuters,” Bash said. “She put $2,000 of her savings into the $TRUMP meme at the end of May. Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme. The second investor, Matt, a 45-year-old machinist in Indiana, put $40,000 into $TRUMP family tokens … Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”

  • laranis@lemmy.zip
    link
    fedilink
    English
    arrow-up
    13
    ·
    13 hours ago

    I’m in favor of taxation by stupidity. If only that money wasn’t going directly into the pockets of the corrupt instead of paying for healthcare and affordable housing.

  • BarneyPiccolo@lemmy.today
    link
    fedilink
    English
    arrow-up
    23
    ·
    15 hours ago

    "If Trump was putting his name behind it, it must be a legitimate investment,” one woman told the news organization.

    I was going to write that if it’s a Trump deal, then you KNOW it’s a scam. And yet here is a woman who STILL believes that the Criminal-In-Chief is totally legit and credible.

    How do these people stay on board after EVERYTHING they’ve seen?

    • buddascrayon@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      ·
      edit-2
      13 hours ago

      Her $TRUMP holding was worth less than $120, she now thinks it was just a pump-and-dump scheme.

      She at the very least woke up to reality after losing almost $2000.

      This guy however, lost $32,000 and still thinks Trump is great. 🙄

      Matt’s shares have dropped 79% in value since he bought them for a loss of about $32,700. He does not blame the Trump family.”

      And yeah, as far as I’m concerned every single person who put money into the Trump meme coin deserves losing every penny.

  • melsaskca@lemmy.ca
    link
    fedilink
    English
    arrow-up
    7
    ·
    15 hours ago

    Fuck all investors and/or stock market players on all sides. There is no such thing as easy money, unless it’s at the expense of someone else. Greedy pigs, playing with tokens of questionable value, deserve what they get.

  • Wispy2891@lemmy.world
    link
    fedilink
    English
    arrow-up
    37
    ·
    22 hours ago

    If Trump was putting his name behind it, it must be a legitimate investment

    😂 😂 😂 😂 😂

  • adarza@lemmy.ca
    link
    fedilink
    English
    arrow-up
    181
    arrow-down
    1
    ·
    edit-2
    1 day ago

    a loss of about $32,700. He does not blame the Trump family.

    wtf.

    Galatians 6:7-8.

    reap what you sow, morons.

    • reluctant_squidd@lemmy.ca
      link
      fedilink
      English
      arrow-up
      69
      ·
      1 day ago

      Perfect example of how deep his supporters are in.

      There is nothing that could sway them.

      Except maybe the Epstein files, which are already seemingly forgotten about by most people.

    • Phantaloons@piefed.zip
      link
      fedilink
      English
      arrow-up
      2
      ·
      edit-2
      14 hours ago

      -in the context of mocking God, here’s the full passage, NIV:

      7-8
      Do not be deceived: God cannot be mocked. A man reaps what he sows.

      8-8
      Whoever sows to please their flesh, from the flesh will reap destruction; whoever sows to please the Spirit, from the Spirit will reap eternal life.

      8-8 ain’t bad, tho.

    • spinnetrouble@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      3
      ·
      17 hours ago

      He probably knew what to expect, but thought he had a better “system” that would let him be part of the pump and dump profiteers by getting in and getting out faster than the other schmucks who were being taken for a ride. (If he’d read the terms that locked him into holding it for years before being allowed to sell, he might’ve figured out that he was about to become a schmuck who’d be taken for a ride.)

      Anyway, it’s not gambling if you win every time!

      • FiniteBanjo@feddit.online
        link
        fedilink
        English
        arrow-up
        5
        arrow-down
        1
        ·
        1 day ago

        When I find that asshole who jinxed it when they unironically said “he can’t keep getting away with these things” I am going to brutalize them.

    • nickiwest@lemmy.world
      link
      fedilink
      English
      arrow-up
      37
      ·
      1 day ago

      How do you deprogram millions of people? Seriously, it’s hard for cult members to re-integrate back into society without support.

      I worry about what happens when their 80-year-old leader dies (to be clear, that’s an inevitability, not a specific wish) and they leave the Republican party but have nowhere to turn for community.

      • Phantaloons@piefed.zip
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        14 hours ago

        No Trump -no idol, no power, no motivation, no movement. One day, bro, one day.

        how do you reprogram Christians?

        You don’t, you just tell them Jesus would’ve been socialist and give them proof.

      • Hikermick@lemmy.world
        link
        fedilink
        English
        arrow-up
        20
        ·
        1 day ago

        It’s been a cult for long before Trump came along, it was a cult looking for a leader. I googled “how to break people free from a cult” back in 2011. What i got out of it was you have to let people figure it out themselves. Confronting them makes them dig in deeper. Best thing to do is not make them fear an “I told you so” moment. We all have our pride

      • adarza@lemmy.ca
        link
        fedilink
        English
        arrow-up
        12
        ·
        1 day ago

        they will latch-on to whoever spews the same lies and hate the loudest.

      • ChickenLadyLovesLife@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        16 hours ago

        that’s an inevitability

        My fear is that when he dies, they’ll just replace him with a body double. My even bigger fear is that they’ve already done that.

      • blitzen@lemmy.ca
        link
        fedilink
        English
        arrow-up
        6
        ·
        21 hours ago

        to be clear, that’s an inevitability, not a specific wish

        Why not? I’m actively rooting for it.

      • krashmo@lemmy.world
        link
        fedilink
        English
        arrow-up
        9
        ·
        1 day ago

        They’re not going to leave the Republican party. They don’t have specific beliefs or values diving their political expression. They embraced what it meant to be a Republican before Trump just as they embrace it now, even though those are two disparate worldviews. They will do the same after he is gone with whatever the GOP says is their unchanging views at that time.

    • saltesc@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      1 day ago

      I think they’re just stupid and rely on being told what to do rather than figuring out what to do. Trump wouldn’t be the only thing in their lives taking full advantage of that.

    • prole@lemmy.blahaj.zone
      link
      fedilink
      English
      arrow-up
      7
      ·
      16 hours ago

      I also remember reading that trading the coin was disabled for everyone but a select few people. Meaning the coins are actually worth $0 because even if you time it right, you literally cannot send the coin anywhere.

      Unless that was about another scam coin they did. Hard to keep track.

      Also, Hunter’s laptop, guys. It’s a really big deal, guys.

        • prole@lemmy.blahaj.zone
          link
          fedilink
          English
          arrow-up
          2
          arrow-down
          1
          ·
          edit-2
          16 hours ago

          I tried finding the article I remember reading but couldn’t find it. Was only finding articles about people getting scammed and then saying it’s not Trump’s fault. And I had to give up the search before being forced to actually kill myself.

          spit girl

          I dunno what you’re referring to…

          • SaveTheTuaHawk@lemmy.ca
            link
            fedilink
            English
            arrow-up
            7
            ·
            15 hours ago

            Hawk tuah girl who dragged out her 15 minutes to 6 months. $HAWK founders were charged by SEC for pumping and dumping $490M. Case is still in court. She was originally not in the lawsuit, but then she was investigated, but by 2026 they concluded she was just a paid spokesperson and they dropped her from the suit.

            I have zero sympathy for investors looking to make free money. Work for your money.

          • BeMoreCareful@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            16 hours ago

            Just another meme coin person. She gave an interview with that channel 5 guy. She mentioned that nobody could really do anything with the coin because it was frozen and either that was illegal or what was occuring while it was frozen.

            A speculation only market and these meme coins seem bunk from the word go.

            • BarneyPiccolo@lemmy.today
              link
              fedilink
              English
              arrow-up
              3
              ·
              15 hours ago

              Meme coins are the latest version of “limited edition collectibles,” like the Franklin Mint garbage, or Beanie Babies. It’s just dressed-up to look like a legitimate investment for MAGA morons.

            • prole@lemmy.blahaj.zone
              link
              fedilink
              English
              arrow-up
              1
              ·
              16 hours ago

              Yeah, but there are at least ones that a lucky person could time, and sell around the same time as the people who are orchestrating the scam, and make a lot of money.

              In this case, I’m pretty sure they couldn’t even do that.

  • Thebeardedsinglemalt@lemmy.world
    link
    fedilink
    English
    arrow-up
    31
    arrow-down
    1
    ·
    24 hours ago

    They bought the hats, which turned out to be cheap trash

    They bought the gold shoes, which turned out to be junk

    The bought the knife which was gas station knife quality

    They bought the phone which turned out to be cheap and outdated

    They bought the coin which turned out to be a scam

    But those gold and silver coins will be…those will be worth the investment

    /S

    • ZpbkPEcaHhIveqdR@lemmy.world
      link
      fedilink
      English
      arrow-up
      10
      ·
      19 hours ago

      It could be that it saves face, admitting they were wrong means admitting a lot of what they believe is also wrong and it can be very difficult to admit to that

      • Rhynoplaz@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        14 hours ago

        “you may feel a slight sting. That’s pride fucking with you. Fuck pride. Pride only hurts, it never helps. You fight through that shit.”