How Ordinary Investors Are Fooled

yousha4 (65)in Tron Fan Club • 16 hours ago

Assalamu Alaikum

How are you friends! I hope you are well. Alhamdulillah I am fine too. Friends, I may not need to tell you again how the market situation is Even after Bitcoin hits its ATH we continue to see dumps in alt coins. Anyway this is not the topic of my discussion today but today I will talk about how big investors or market makers are fooling ordinary investors or small investors like us to increase their own wealth.

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Guys you probably already know what I mean. Yes, I am going to tell about the events that happened to us just a few days ago. Friends, Trump Coin came to the market at $6 and suddenly it reached $61. And it became so popular within hours that its market cap grew instantly and at one point it reached a market cap of $15 billion in a single day. Especially the reason why it is so popular is the current US President Donald Trump. This is his own project and he himself said that on his twitter. And at the same time he mentioned that it is a meme coin. So those of you who have a basic understanding of crypto know that meme coins have no function, they are created for fun and most of the time they turn out to be shit coins.

However, let's talk a little bit about what happens during those times in particular, when Trump tweeted about his coin, those who took entry in that coin immediately saw huge profits. But when the Trump coin thing started to spread in a big way, most of the people took entry in this coin after fomo and they don't see where the price of the coin is and how much more they can pump. As the coins become popular already they blindly invest in those coins and face the risk. And the most victims are people from countries like Bangladesh and India. Most of the people here are very impulsive and jump on things without thinking. And in view of this, many people took entry in Trump coin between 40 and 60 dollars and they thought that it will pump more and their profit will be more.

But look at what happened to that Trump coin today, the coin crashed more than 60% in just one day. Trump Coin is now currently a little over $39 and has dumped 31.43%. That's all! Also, its market cap was above 15 billion dollars, today its market cap is less than 8 billion dollars.

Why is this happening now? Actually, meme coin is the thing that can turn you into a bigot and a fakir in the blink of an eye These coins have their pros as well as their cons Meme coins have no function of their own, they are always influenced by others And so the gain or loss most of the time is influenced by someone else behind the coin As the cryptomarket is a decentralized platform, there is no single hegemony and those who are whales or market makers can easily lure ordinary users with meme coin, as we have seen in the last 2 days. Where President Trump created such a trend that celebrities started launching their own meme coin For example, the first day Trump Coin showed such a big game, the next day his wife Melania brought her own meme coin to the market. After that, Mr. is seen again. Best himself tweeted that he is also thinking of launching his own meme coin. Also, many coins listed in the market today with the name of the Trump family are actually fake coins. Which are designed to fool people into taking their wealth.

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See one thing always needs to be kept in mind that when trend coin will not bring profit for me or you in long term but bring danger for small investors like us who take our money in a moment just for our stupidity. A small example might make it better - when Trump Coin was dominating the entire crypto market, his wife's coin brought everyone back to the market by surprise, and when she tweeted about it on Twitter, we made a big dump in Trump Coin, so liquidity Trump Coin. These coins started coming from And different investors think about their profit they go to follow the trend again when melania invest in coin it started performing very well and look at that coin today. The coin has bottomed out today and millions of people's dollars are now lost to thin air.

Note, it is not right to have two coins in the market like this before our bullrun. Because a lot of people's funds have gone into these coins and I think the effect of this could wear on the bullrun ahead. And so I always advise people to always stay away from trend coins or meme coins because it doesn't take long for these coins to turn into shit coins. Anyway friends you all will be fine and be careful not to take such wrong steps. Today I end here, Allah Hafiz.