Re: Trump Coin - A profitable coin?

Quote from: Marvell1 on Today at 08:34:47 AM

Quote from: Q*bert on March 16, 2025, 07:43:38 PM

I want to know if that Trump coin, which was launched a few months ago after Trump won the 2024 US election,

Will that coin be profitable in the short and long term, or just a coin that won't last long?

How safe can that coin be for investment, and will it be profitable or not?

I'd love to hear your friends' opinions

Although it is backed by the current US president but I want to tell you this. Even if it was backed by the president, it would still be just a memecoin, and investing in memecoin is very risky and I think you know that.

Let not get deceived and continuously to be easily manipulated by the status of whoever is backing or not backing a coin, but the true intentions of the figure should be where our focus should lay more. We saw what happened with $LIBRA coin which was initially said to have the backing of Javier Milei the Argentines president but later got to be a scam on the investors who by virtue of Javier Milei's association with the coin prompt them to invest their funds in the memecoin. Ultimately, a memecoin will remain a memecoin at some point irrespective of who's backing it.