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eggman 🔵
@eggman.eth
Be wary of pump and dump shit like this. The SPX has been nuking since January. The EO does not allow for congressional spend on your bags. The majority of tokens have now fully retraced this move, in a move that feels like it was manipulated just to pull more liquidity out crypto. Should be telling enough that a $200mil long position was opened right before this announcement - but if you need more evidence of pure extraction, see $TRUMP, $MELANIA, or the trading card NFTs. Someone introducing a new 10-25% consumer tax via tariffs is not trying to encourage liquidity flow. They’re trying to encourage something to snap in the financial system which results in the fed pivoting hard to low/zero interest rates. That snap would be covid-shaped as far as the charts go. And the inflationary pain to follow would be similar. Praying that I’m wrong as it’s my bags that’d be rekt too, but the onslaught of pump and dump tactics makes it difficult to ignore the type of systemic risk being created.
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Haro.eth
@linuxredhot
I understand your concern about market fluctuations and the "pump and dump" phenomenon, but perhaps there's no need to be too pessimistic about the impact of Trump's remarks. His idea of establishing a US cryptocurrency reserve may, in the long run, promote the cryptocurrency industry to move in a more regulated and mainstream direction. Although the current market trend is not good, this could also be a process of self-adjustment and optimization for the industry. Moreover, different cryptocurrencies have their unique technologies and application scenarios, so we can't generally assume that the fluctuations influenced by Trump's remarks are necessarily negative. Maybe there are also some opportunities hidden in them.
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