Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
This is the only thing I could find them.
I’ve posted two positive and two negative videos, but the majority of the information I’m reading about RXS is quite negative.
Thank you, I've run across one of your references earlier, I'll look at the others...
'preciate ya!
Thread Reader
Three days before the inauguration, Trump has launched a memecoin that has since risen more than 10,000%
He did so after inviting the Crypto Industry to a black tie event in DC
Here’s my theory on $TRUMP, which is almost diabolical, but totally something Trump is capable of
First, the backstory: Trump is coming into office following an intensely anti-crypto administration
Trump’s inner circle has used crypto personally to make millions in short order
He’s launched multiple NFT collections over the last few years using a company called CIC Digital
The crypto industry is desperate for change. Companies donated HEAVILY to the Trump campaign
In fact, the crypto industry do rates more money to campaigns this year than basically any other industry in the US
So, fitting that an invite-only Crypto celebration might come about
But right when this party is raging and attended by everyone in the Trump circle, Trump launches the $TRUMP memecoin
It immediately explodes to $15 billion
From sources there, it sounds like no advance mention was made. No one was told about it
Imagine the mind F—
This ball was the invite of all invites in crypto. To be there would have you feeling like you made it — like you’re in Trump’s inner circle
Only for him to turn around and launch the fastest-ever memecoin to hit $15 B
And you didn’t know about it
Literally Snoop Dogg was there
Trump’s pick for Treasury Secretary
Speaker Johnson
Vivek
Don Jr.
And all these crypto industry execs. Packed in a room to kiss the ring.
And they aren’t even on the inside.
The end result: The biggest power play you’ve ever seen
Trump has now shown the entire crypto world what he can do without them
All while they were together in the most exclusive room — somehow still on the outside
It shows everyone that the only inner circle that matters in crypto now is his inner circle
Think about that.
This is all happening while the Trumps are also building their DeFi project World Liberty
The platform is picking and choosing which cryptos will be winners and losers as we speak, and they can front-run as much as they want and absolutely print cash
I’m not saying Trump just used everyone in crypto by throwing a black tie event in DC while simultaneously launching a memecoin without them, but that’s exactly what he did
This industry is his industry now, whether they are aware of it or not
Frankly, that’s extremely sad
Crypto is at an existential moment. I understand the desire to make quick money
I understand the excitement of thinking short-term
I understand stand why Trump, a man who has grifted in every way to make money for himself would so easily win the industry
But this ain’t it
We as an industry have worked too hard for too long
We’ve worked too hard to fight the narrative that everything in crypto is a scam
And I say this as someone who bought $TRUMP
But do we want to be the movement we know we can be or do we want to be Hawk Tuah girl?
The choice is ours, but only if we stick together
Divided, we’re likely to be plucked off (because who can resist the President when he calls?
United, we might have a shot.
Our community-owned outlet @coinage_media will be watching
Imagine the mind F—
This ball was the invite of all invites in crypto. To be there would have you feeling like you made it — like you’re in Trump’s inner circle
Only for him to turn around and launch the fastest-ever memecoin to hit $15 B
And you didn’t know about it
Literally Snoop Dogg was there
Trump’s pick for Treasury Secretary
Speaker Johnson
Vivek
Don Jr.
And all these crypto industry execs. Packed in a room to kiss the ring.
And they aren’t even on the inside.
The end result: The biggest power play you’ve ever seen
Trump has now shown the entire crypto world what he can do without them
All while they were together in the most exclusive room — somehow still on the outside
It shows everyone that the only inner circle that matters in crypto now is his inner circle
Think about that.
This is all happening while the Trumps are also building their DeFi project World Liberty
The platform is picking and choosing which cryptos will be winners and losers as we speak, and they can front-run as much as they want and absolutely print cash
I’m not saying Trump just used everyone in crypto by throwing a black tie event in DC while simultaneously launching a memecoin without them, but that’s exactly what he did
This industry is his industry now, whether they are aware of it or not
Frankly, that’s extremely sad
Crypto is at an existential moment. I understand the desire to make quick money
I understand the excitement of thinking short-term
I understand stand why Trump, a man who has grifted in every way to make money for himself would so easily win the industry
But this ain’t it
We as an industry have worked too hard for too long
We’ve worked too hard to fight the narrative that everything in crypto is a scam
And I say this as someone who bought $TRUMP
But do we want to be the movement we know we can be or do we want to be Hawk Tuah girl?
The choice is ours, but only if we stick together
Divided, we’re likely to be plucked off (because who can resist the President when he calls?
United, we might have a shot.
Our community-owned outlet @coinage_media will be watching
Thread Reader
Three days before the inauguration, Trump has launched a memecoin that has since risen more than 10,000%
He did so after inviting the Crypto Industry to a black tie event in DC
Here’s my theory on $TRUMP, which is almost diabolical, but totally something Trump is capable of
First, the backstory: Trump is coming into office following an intensely anti-crypto administration
Trump’s inner circle has used crypto personally to make millions in short order
He’s launched multiple NFT collections over the last few years using a company called CIC Digital
The crypto industry is desperate for change. Companies donated HEAVILY to the Trump campaign
In fact, the crypto industry do rates more money to campaigns this year than basically any other industry in the US
So, fitting that an invite-only Crypto celebration might come about
But right when this party is raging and attended by everyone in the Trump circle, Trump launches the $TRUMP memecoin
It immediately explodes to $15 billion
From sources there, it sounds like no advance mention was made. No one was told about it
Imagine the mind F—
This ball was the invite of all invites in crypto. To be there would have you feeling like you made it — like you’re in Trump’s inner circle
Only for him to turn around and launch the fastest-ever memecoin to hit $15 B
And you didn’t know about it
Literally Snoop Dogg was there
Trump’s pick for Treasury Secretary
Speaker Johnson
Vivek
Don Jr.
And all these crypto industry execs. Packed in a room to kiss the ring.
And they aren’t even on the inside.
The end result: The biggest power play you’ve ever seen
Trump has now shown the entire crypto world what he can do without them
All while they were together in the most exclusive room — somehow still on the outside
It shows everyone that the only inner circle that matters in crypto now is his inner circle
Think about that.
This is all happening while the Trumps are also building their DeFi project World Liberty
The platform is picking and choosing which cryptos will be winners and losers as we speak, and they can front-run as much as they want and absolutely print cash
I’m not saying Trump just used everyone in crypto by throwing a black tie event in DC while simultaneously launching a memecoin without them, but that’s exactly what he did
This industry is his industry now, whether they are aware of it or not
Frankly, that’s extremely sad
Crypto is at an existential moment. I understand the desire to make quick money
I understand the excitement of thinking short-term
I understand stand why Trump, a man who has grifted in every way to make money for himself would so easily win the industry
But this ain’t it
We as an industry have worked too hard for too long
We’ve worked too hard to fight the narrative that everything in crypto is a scam
And I say this as someone who bought $TRUMP
But do we want to be the movement we know we can be or do we want to be Hawk Tuah girl?
The choice is ours, but only if we stick together
Divided, we’re likely to be plucked off (because who can resist the President when he calls?
United, we might have a shot.
Our community-owned outlet @coinage_media will be watching
I know everyone here understands the difference between MC and liquidity, surely.
Defi has been hindered by overreaching US government, predatory SEC, lack of clarity on security laws and an outright ban for US participants.
The new incoming president just launched a meme coin.
Yes, grifters will enter. Your job is to not fall prey to them.
The real wealth effect will be the innovation acceleration that will happen in defi on both chains.
This is the tokenization of stocks, real estate, companies, intellectual property, video games, gold, etc
The REAL wealth will be tokenized derivatives, which has an estimated notional value of around $700 trillion.
This will be:
- Futures contracts
- Forward contracts
- Options
- Warrants
- Swaps
Deregulating crypto for the US will open the flood gates to making illiquid markets into liquid markets.
Memes are great… but this is the real game.
4 years to really get to the money....
Melania Trump Crypto Meme Coins Are Here Less Than 24 Hours Before Inauguration
Melania Trump released official Melania Memes 'digital collectibles' on the heels of Donald Trump's meme coin, which made him billions in crypto.
www.rollingstone.com
Bitch GTFOH!!Melania Trump Crypto Meme Coins Are Here Less Than 24 Hours Before Inauguration
Melania Trump released official Melania Memes 'digital collectibles' on the heels of Donald Trump's meme coin, which made him billions in crypto.
While I FUCKING HATE MEME COINS, I see this trump coin as a big fuck you to the the democrats and republicans that made him spend all that money on a witch hunt now he better make good on making crypto great again or when he leaves office they won't miss next time!
I believe many people, including myself, underestimated the strength of cryptocurrency community on helping get him elected.
Was it the crypto community or crypto elite?
I'm not into politics enough, but most of the debates didn't really touch on crypto. That's says to me that the voters as a whole didn't care about crypto. Now the crypto community thought they were special but Trumps main objective was to get funds from the crypto super PAC. I'm not sure how true it is but I read the Crypto Pac was the largest supporter in general this past election season. The Coinbases of the world helped Trump; not the little guy who has 500 invested in some meme coin. Crypto bros allowed Elon Musk to troll them, so Trump made easy work of them. The main difference between the two being Trump is going to do things to get himself more money in crypto.
Everyone in crypto was eating once trump was the president elect for the past month and a half everyone's portfolio's should have 4-10x depending which crypto's you held.
I believe trump will send crypto to the moon and make thousands of millionaires but he wanted to get his cut before he took office.
Yeah you got a point
Everyone was eating before he was president elect. People tend to rewrite history, but it was the Trump administration that starred the attack on crypto and Trump initial thoughts on Bitcoin was not favorable. We'll never no but I believe the market would have still grown. Just at a slower rate compared to Trump's official endorsement in the past year. Technically, congress passed fit 21 and it had support from members of both houses. The problem was Biden vetoed the bill. Courts were pretty much ruling against the SEC and in favor of crypto companies.
While your thoughts maybe true, the size of the crypto community wasn't a factor in getting him elected in my opinion. The average US citizen still looks at crypto as a scam especially the people who came in too late and loss money in the last two bull cycles. Yes, Trump wants money, but ultimately Trump wanted votes from anywhere. He had the mindset that every vote counts and he'll say anything to get them.
In the last to cycles, people constantly reached out trying to learn about crypto. In the last few months, the only people who reached out were people who had left over XRP and couldn't remember how to sell it. Even here, the crypto theard is mostly dead. The most attention crypto seems to have gotten is the Trump coin shit over this weekend. Like i said before, I don't really follow politics much, but I don't believe the average crypto investor was a factor. The crypto PAC is a different story. People in crypto tend to overvalue themselves or their influence.
Did yall see the coin got listed on robinhood for a second? or was it just me lol. Seeing others post on reddit about it.
Almost every crypto was bleeding against bitcoin for the past 3 years
It was undoubtedly his administration that initiated the attack on ripple XRP, and the Biden administration persisted with it.
Again, certain politicians underestimated the power of this community.
When Trump spoke at the Bitcoin conference, everyone in the community, no matter who they voted for, cheered for him. But Kamala Harris turned down the invitation and didn’t care what the community thought. Guess what? The cryptocurrency community actually helped Trump win the election! The little guy you mentioned turned out to be millions of individuals who voted for Trump.
I will stand by what I said earlier. This meme coin from Trump has the potential to be the downfall of the crypto community.
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Crypto has been on an up trend as a whole well before 2024. If not for FTX, inflation fighting and Russia, it probably wouldn't have dropped. Most people follow the 4 year cycle which in my opinion is a self-fulfilment prophecy. They all happened close to each other, but Ripple more or less won against the SEC. The multiple Bitcoin ETFs were approved in January of 2024. Solana was moving up mostly due to memes. I think Trump positively mentioned Bitcoin in the spring and attends the Bitcoin conference in the summer. We'll never but the market as a whole would have recovered without Trump. It's clear he had an impact, but it would have happened regardless of who won. The climate was already shifting.
Even amongst the people who were in crypto and voted for Trump, the majority likely would have done so regardless. Again, I'm not into politics, so i don't even know what the final numbers were. That said, I don't see Harris pulling it out even with crypto voters being up for grabs. I'm not saying it didn't help at all, but I don't believe it's was a major impact. Outside of crypto centric spaces, I don't recall Trump speaking on Crypto. Why is that?
I don't think the Trump coin will the downfall of anything. For the most part, crypto is a joke. Trump's coin fits right in. At this point, it's just another financial instrument that the traditional market can take advantage of. Trump is going to run it up until he can't profit anymore. That includes influencing rules around crypto.
If it does get on RobinHood and Coinbase it’s passes $100 easy.
It is on Robinhood...
Well it’s back up over $50 as I type this so it did get a boost.
You can’t even pull solana off of coinbase