Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Happy Hoosier

(9,751 posts)

28. Sorry, that's the sales pitch.

Reply to Amishman (Reply #3)

Mon Jul 13, 2026, 09:33 AM

21 hrs ago

Sure, if you got in early on BYC, you made a lot of money…. Even now. But that’s not most people. Most people bought late or bought various shit coins trying to “get in early” on another coin. The vast majority lose big. That’s just what the data shows.

If you bought in early and made money, good for you. But remember what you bought: the hope that someone will pay more for your coins than you did.

These are not really currencies. Very, VERY few people use them for purchases. You don’t own anything except the token as a proxy for currency people actually use. And even people who do use them as currency are paying prices pegged to dollars, not BTC.

TLDR: it’s speculation, not investment.

If your speculation paid off, awesome. That doesn’t mean it’s a good idea.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

29 replies

= new reply since forum marked as read

Highlight:

If you invested $10,000 in Bitcoin, Trump meme coin, and gold when Trump took office, here's what you'd have today [View all] Yo_Mama_Been_Loggin Friday OP

Interesting how the investors all lose big PatSeg Friday #1

He managed the companies that he bankrupted before dissolution at high fees. Similar. twodogsbarking Friday #5

Yeah, he's a one trick pony PatSeg Friday #6

The tarp salesman just bought a Lamborghini. twodogsbarking Friday #11

Ha, ha, ha! PatSeg Friday #19

There's a sucker born every minute. Con men like Trump instinctively know how to find them. n/t Beartracks Friday #9

That is so true PatSeg Friday #20

I don't see how they can be so ignorant or stupid FoxNewsSucks Friday #12

Especially after all these years PatSeg Friday #21

And how does a casino DiverDave 20 hrs ago #29

Crypto "currency" - one of the biggest scams around. mwmisses4289 Friday #2

Consistently those who buy and hold are able to profit immensely in the long run Amishman Friday #3

Hahahaha. This is sarcasm, right? littlemissmartypants Friday #8

Dead serious, and the numbers back it up Amishman 22 hrs ago #23

You don't profit by holding, you profit by selling muriel_volestrangler 22 hrs ago #24

Oops. ❤️🤓 littlemissmartypants 21 hrs ago #27

Sorry, that's the sales pitch. Happy Hoosier 21 hrs ago #28

Clearly the fault of vandals and Joe Biden progressoid Friday #4

Sweet Koresh, how dum(b) do you have to be... AZ8theist Friday #7

As dumb as the people who send $100,000 to a romance scammer they've never met mdbl Friday #10

the stupidity it takes to believe that orange fascist fuck is a "great leader" Skittles Friday #15

I give my gsons money for their birthday and other occasions to spend on any thing they want except pretend money. efhmc Friday #17

Allowing companies to make their own money Progressive dog Friday #13

ive read where the idiots the bought his meme coin may be able to sue him personally moonshinegnomie Friday #14

IMHO. Digital coins are a direct threat to Buddyzbuddy Friday #16

gold: 10k to 15k, orthoclad Friday #18

Thank you ! Also, my local S&L would have turned it into at least $10,300 -- not a fortune, but better than Trmp. nt eppur_se_muova Saturday #22

Everything that 'carnival barker' touches ...dies. some_of_us_are_sane 22 hrs ago #25

Crypto,gypto,klepto oasis 22 hrs ago #26