“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.”

  • adarza@lemmy.ca
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    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
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      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.

      • FiniteBanjo@feddit.online
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        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.

    • Phantaloons@piefed.zip
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      -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
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      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!

  • BarneyPiccolo@lemmy.today
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    "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
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      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.

    • nickiwest@lemmy.world
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      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.

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        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

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

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        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.

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

        Why not? I’m actively rooting for it.

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        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.

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        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.

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      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.

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      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

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        “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.”

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

    😂 😂 😂 😂 😂

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    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.

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    I’ve lost the ability to feel sympathy for folks that lose money on meme coins, no matter where they come from.

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    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 crypto which turned out to be a scam

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

    /S

    • prole@lemmy.blahaj.zone
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      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
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          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
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            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.

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            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
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              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
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              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.

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    Anyone stupid enough to buy this memecoin thinking that anyone but trump would make money on it is suffering from the real trump derangement syndrome.

    • ChickenLadyLovesLife@lemmy.world
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      Many of my coworkers are trumpers and they love to talk about “trump derangement syndrome”. Whenever they bring it up I agree with them and say “yes, trump is highly deranged” and they get all apoplectic. “That’s not what it means!”

      • BarneyPiccolo@lemmy.today
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        I always tell them that the people with Trump Derangement Syndrome are the MAGAs. His disapproval ratings are around 65-75%, those aren’t the deranged ones. The deranged ones are those who are still following him after EVERYONE else in the entire world has fully accepted that he is a Traitor, Racist, Pedophile, Mysoginist, Virtuosically Incompetent,band mind-bogglingly Corrupt. None of that is speculation or propaganda, it is simple American History.

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        If you’re not angry nearly to be point of derangement by now, then fuck you you’re part of the problem

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        Iirc, most classes were prohibited from selling for two years after it debuted, giving the protected classes plenty of time to fleece the sheep.