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- 6 December 2021
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Is this investing or gambling I don’t mind the odd flutter
This is 100% gambling, BUTIs this investing or gambling I don’t mind the odd flutter
That's Merica for you.I like this dude more and more every day, ill be wearing a MAGA hat soon if I keep making money and he keeps this up.
Donald J. Trump (@realDonaldTrump)
truthsocial.com
View attachment 191748
This is 100% gambling, BUT
If you’re on-chain and manage to avoid blowing up on leverage or getting hacked or putting your entire stack into something like Luna or losing your seed phrase or having a smart contract exploited or getting wrecked trading a bear market...ok, there are a few ways to blow up, but they’re all avoidable.
BUT, with a bit of effort, maybe hitting a few decent winners, taking advantage of crazy APYs on stablecoins, and qualifying for a few airdrops (free money from VCs), I’m not sure there’s anywhere else money comes this easily.
Says the guy who entered crypto in 2020 and is still working, must stay away from leverage this bull run haha
$TRUMP is a meme coin, just like $FARTCOIN, which was dreamt up by an AI trained on 4chan.I reckon you should go into Trump coins with your ears pinned back fiftyeight.. IMV it will be the vehicle of choice for anyone who wants to influence Trump. So the questions to ask are
1) Is Donald Trump open to taking money ?
2) Does Trump have a history of relentlessly trying to get money from anyone with a pulse and dollars ?
3) Are there any actions that Trump would not consider supporting on ethical grounds ? Pardoning international peddlers ? Protecting environments from unconscionable pollution ?
4) Does Donald trump hold the most powerful office in the most powerful country in the world ?
5) Can and does he use his power without reservation, regard for the law or even with rationality ?
6) Would a rising Trump coin value benefit the MAGA base that currently support him ?
7) Can Donald Trump ever be charged let alone convicted of anything in the next 4 years ? If he can't be, surely any other party in the transaction is equally safe.
If one answers Yes, Yes, No , Yes, Yes, YES, No then the logical conclusion is that support for Trump coin will escalate to singularity. If /when it reaches $500 a coin The Don will be worth $500 Billion - $500,000,000,00. On current figures he would be the richest man in the world - as he firmly believes he should be.
Forbes Real Time Billionaires List - The World's Richest People
Browse today’s rankings of the wealthiest people and families globally. Discover the net worth, age, and other information about the richest people in the world.www.forbes.com
From The Financial Times
The memecoins launched by President Donald Trump and his wife days before his inauguration are damaging the industry’s reputation and risk a backlash from investors, crypto executives have warned.
$TRUMP was launched by the president on Friday evening in the US and was followed on Sunday by $MELANIA. The total nominal value of both tokens initially surged over the weekend, with the president’s reaching $14.5bn and Melania’s hitting nearly $3bn.
But they have since lost more than half of their value, leading to accusations of conflicts of interest and concerns that thousands of retail investors were sucked in to trading tokens even more volatile than bitcoin.
“Call me old-fashioned but I think presidents should focus on running the country,” said Nic Carter, founding partner at crypto venture capital firm Castle Island Ventures and a Trump supporter.
“Not to mention the obvious [conflict of interest] given the fact that Trump can set crypto policy,” he added.
gg
Thanks for the analysis 58. There is much I disagree with but Ce la Vie.$TRUMP is a meme coin, just like $FARTCOIN, which was dreamt up by an AI trained on 4chan.
$TRUMP = $FARTCOIN, but with more attention. That’s it. No further analysis required to trade and make money.
That said, I will attempt to answer your questions.
1. I'll let Trump Casinos, steaks, and university answer that one.
2. Yes. Trump will shill anything that aligns with his brand, and since his ego is his compass, I’m glad my bags are aligned.
3. After wading through Trump’s own BS and the mountain of media BS, I stunk. But I think his "drill, baby, drill" stance is a reaction to the completely unworkable solutions the left is pushing. Check my posts on PLS and older posts on going green. I’m a lefty greenie, I just hate the lefty greenies.
What’s the issue with pardoning international peddlers if it serves a purpose?
- Wernher von Braun.
- Brittney Griner exchanged for Viktor Bout, a Russian arms dealer.
4. Yes.
5. Trump’s ego demands he is always correct, but does he use his power without reservation? Having a Twitter battle with "Little Rocket Man," then having a meeting with "Little Rocket Man," suggests there is some reservation. Obama and Trump seemed to get along very well at Carter’s funeral—so is Obama a bad judge of character, or is he bending the knee as well? Maybe Biden should have pardoned the Obamas too.
I break laws without reservation all the time. I’m sure you have a few laws you break without reservation as well
Are you suggesting an irrational person managed to become president of the USA? Twice? Guess he’s just really lucky.
6. I hope it does, don’t you?
Maybe Warren can also launch a coin at no cost to the government and help her constituents? Guess it’s hard for Pelosi to front-run on a public blockchain though.
Degens worldwide and USA rednecks uniting over crypto, did Trump just find another source of funds for Social Security? We all know MAGA base are redneck bums, the extra money should be welcomed.
7. Russiagate, the misdemeanour to felony joke, what a circus. Whether Trump can or cannot be charged in the next 4 years is now, unfortunately, irrelevant due to the Biden administration. Biden, who just pre-emptively pardoned his entire family haha. You sure you want to open this can of worms haha. Disgusting.
Of course, $TRUMP will be manipulated. Welcome to crypto. Will that have any impact on the presidency? I highly doubt it. No more than a crackhead son.
Crypto prediction markets already exist. What’s the difference between manipulating the price of $TRUMP and the odds on a prediction market to play with his ego?
$TRUMP = $FARTCOIN. Are you really worried about $FARTCOIN?
oh no.From The Financial Times
The memecoins launched by President Donald Trump and his wife days before his inauguration are damaging the industry’s reputation and risk a backlash from investors, crypto executives have warned.
$TRUMP was launched by the president on Friday evening in the US and was followed on Sunday by $MELANIA. The total nominal value of both tokens initially surged over the weekend, with the president’s reaching $14.5bn and Melania’s hitting nearly $3bn.
But they have since lost more than half of their value, leading to accusations of conflicts of interest and concerns that thousands of retail investors were sucked in to trading tokens even more volatile than bitcoin.
“Call me old-fashioned but I think presidents should focus on running the country,” said Nic Carter, founding partner at crypto venture capital firm Castle Island Ventures and a Trump supporter.
“Not to mention the obvious [conflict of interest] given the fact that Trump can set crypto policy,” he added.
gg
Bitcoin maxis are having a sook their coin won't rise because everyone ran to 1000x on meme coins. They are worried there isn't enough liquidity to pump. Unless they get rate cuts then bitcoin in theory won't rise that much.From The Financial Times
The memecoins launched by President Donald Trump and his wife days before his inauguration are damaging the industry’s reputation and risk a backlash from investors, crypto executives have warned.
$TRUMP was launched by the president on Friday evening in the US and was followed on Sunday by $MELANIA. The total nominal value of both tokens initially surged over the weekend, with the president’s reaching $14.5bn and Melania’s hitting nearly $3bn.
But they have since lost more than half of their value, leading to accusations of conflicts of interest and concerns that thousands of retail investors were sucked in to trading tokens even more volatile than bitcoin.
“Call me old-fashioned but I think presidents should focus on running the country,” said Nic Carter, founding partner at crypto venture capital firm Castle Island Ventures and a Trump supporter.
“Not to mention the obvious [conflict of interest] given the fact that Trump can set crypto policy,” he added.
gg
import ccxt
import time
# Configure API keys for two exchanges
EXCHANGE_1 = {
"name": "binance",
"api_key": "your_binance_api_key",
"secret": "your_binance_secret_key",
}
EXCHANGE_2 = {
"name": "kraken",
"api_key": "your_kraken_api_key",
"secret": "your_kraken_secret_key",
}
PAIR = "BTC/USDT" # Trading pair
THRESHOLD = 0.5 # Minimum percentage difference for arbitrage
# Initialize exchanges
exchange_1 = getattr(ccxt, EXCHANGE_1["name"])({
"apiKey": EXCHANGE_1["api_key"],
"secret": EXCHANGE_1["secret"],
})
exchange_2 = getattr(ccxt, EXCHANGE_2["name"])({
"apiKey": EXCHANGE_2["api_key"],
"secret": EXCHANGE_2["secret"],
})
def get_prices():
"""Fetch prices from both exchanges."""
price_1 = exchange_1.fetch_ticker(PAIR)["last"]
price_2 = exchange_2.fetch_ticker(PAIR)["last"]
return price_1, price_2
def arbitrage_opportunity(price_1, price_2):
"""Check if an arbitrage opportunity exists."""
difference = abs(price_1 - price_2) / min(price_1, price_2) * 100
return difference >= THRESHOLD
def execute_trade(buy_exchange, sell_exchange, amount):
"""Execute arbitrage trades."""
try:
# Fetch balance (adjust to ensure enough funds)
balance = buy_exchange.fetch_balance()["USDT"]["free"]
if balance < amount:
print("Insufficient funds.")
return
# Execute buy and sell orders
buy_exchange.create_market_buy_order(PAIR, amount)
sell_exchange.create_market_sell_order(PAIR, amount)
print(f"Arbitrage executed: Bought {amount} BTC on {buy_exchange.id}, "
f"sold on {sell_exchange.id}.")
except Exception as e:
print(f"Error executing trade: {e}")
def main():
"""Main function to run the arbitrage bot."""
while True:
try:
# Fetch prices
price_1, price_2 = get_prices()
print(f"Price on {EXCHANGE_1['name']}: {price_1}")
print(f"Price on {EXCHANGE_2['name']}: {price_2}")
# Determine arbitrage opportunity
if price_1 < price_2 and arbitrage_opportunity(price_1, price_2):
print("Arbitrage detected! Buying on Exchange 1 and selling on Exchange 2.")
execute_trade(exchange_1, exchange_2, 0.01) # Adjust amount as needed
elif price_2 < price_1 and arbitrage_opportunity(price_2, price_1):
print("Arbitrage detected! Buying on Exchange 2 and selling on Exchange 1.")
execute_trade(exchange_2, exchange_1, 0.01) # Adjust amount as needed
else:
print("No arbitrage opportunities detected.")
time.sleep(10) # Pause for 10 seconds before the next check
except Exception as e:
print(f"Error: {e}")
time.sleep(10) # Pause before retrying
if __name__ == "__main__":
main()
Is this an onchain transaction or an OTC deal?Thanks for the analysis 58. There is much I disagree with but Ce la Vie.
$Trump coin offers Donald Trump an anonymous, unprecedented way to accept money from anyone who wants to curry favour with him. All they have to do is set up an XYZ LLC company based somewhere with minimal supervision.
They can then approach Trump with an offer to buy , say 100,000 $Trump coins from the 800M reserved coins. Price with be current market price, perhaps 10% discount. Say $40. Total cost $4M.
The contra deal is Trumps political/executive/ support for whatever they want to see happen. Or not happen as the case may be.
These transactions are all anonymous. The funds are washed through the private Trump holding company CIC Digital LLC .
This analysis goes into detail at the ramifications of $Trump.
Presidential Powers Meet Crypto Powers: The Legal Paradox Of $TRUMP
President-elect Donald Trump launched his cryptocurrency a mere four days before his second inauguration. A constitutional crisis in making?www.forbes.com
OTC deal, there is a wire transfer as with any other asset transfer.
I am not saying there won't be any grift, manipulation or money laundering. I just dont think $TRUMP will lead to net new grift, manipulation, it will just be different.
$Trump?Is this an onchain transaction or an OTC deal?
Onchain, it is public and will eventually be uncovered.
OTC deal, there is a wire transfer as with any other asset transfer.
I am not saying there won't be any grift, manipulation or money laundering. I just dont think $TRUMP will lead to net new grift, manipulation, it will just be different.
Us plebs will be trading onchain and visible.$Trump?
Onchain
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