The crypto markets are getting smashed. Bitcoin down 5%. Shitcoins are getting their tits ripped off. Etheureum down 33% at one point. I absolutely love Bitcoin. It trades 24/7 and has zero stop gap measures. Just a pure free market. Dummies still leverage up 10x and get annihilated 🤣
Bitcoin
- Thread starter snarlcakes
- Start date
NASDAQ futures down over 2.5 percent and Russell over 3. With his initial announcement Friday I took 500k off the table. Plan to dollar cost average out this week in 250-300k increments until there is better clarity on how far this is going to go. More than any other thing, markets hate unpredictable. Trump us the very definition.
I raised some cash a week ago, just in case. I think this year is going to be very volatile. To the downside and upside.
So I’m reading where Javier Milei developed a meme coin — ostensibly to invest in Argentine small businesses — and quickly f**ked its buyers over by doing a ”rug pull.” Somewhere to the tune of $1B. Sounds similar to what happened with Hawk Tuah girl (and Trump too?).
@snarlcakes, can you look into this and find out what happened and give me some explanation?
Because if this really went down as being described, I’m devastated.
@snarlcakes, can you look into this and find out what happened and give me some explanation?
Because if this really went down as being described, I’m devastated.
Nope, it went down as you described. He shilled a shit coin, pumped it, and dumped it. He’s never been a died hard Bitcoiner, which is usually a sign when it comes to crypto. I agree it’s extremely disturbing.
Are rugpulls ever rectified such that the investors are made whole? Can they be?
Nope. It’s the Wild Wild West. I assume if it was illegal they could rectify it, but not sure.
What I read is that he was just negligent and didn’t do his due diligence. Deleted support and apologized. Naive truthful I don’t know.
