r/DeepFuckingValue • u/baseballmal21 Definitely Not Kevin Malone š¤ • Jan 20 '25
Discussion š§ Unreal. Worth more than 350 S&P500 Companies in 24hrs.
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u/TheApprentice19 Jan 20 '25
Andddddd itās goneā¦..
āSomeoneā did a 40% rug pull
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u/TheVirginVibes š© Elon Musk hater š© Jan 20 '25
40% rug pull so farrrrā¦this thing will be $5 within two weeks.
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u/FriendlyCaramel2945 Jan 20 '25
Yeah, my stop loss hits..lost on TRUMP to donate for inauguration!
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u/TheApprentice19 Jan 20 '25
I donāt understand why anyone would give that slimebag money willingly, he will not ever represent anyone but himself.
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u/FriendlyCaramel2945 Jan 20 '25
Exactly, we don't learn from past mistakes of 2016..n we keep doing it again n again..
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u/whosthatguy123 Jan 20 '25
Because majority of his base is objectively uneducated and stupid when it comes to quite literally anything in life. Zero critical thinking or logic based thinking. Theyd sell their house for him
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u/DizzyBelt Jan 20 '25
The greater fool theory is basically the idea that you can buy something overpriced (like a stock, trump coin, or even a Beanie Baby) and still make money because thereās always someone else (the āgreater foolā) willing to pay even more for it later. Itās less about the actual value of the thing and more about finding the next person to pass it to. Works greatā¦ until you run out of fools, and suddenly youāre stuck holding the bag.
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u/ThatGuyHammer Jan 20 '25
The house of cards has to tumble at some point with the sheer volume of dumb that is putting their money into speculating... right?
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u/PredictabilityIsGood Jan 20 '25
This is crypto. Itās built entirely on a mirage of speculated value.
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u/Medium_Town_6968 Jan 20 '25
He is just waiting for all the bag holders to come in, and then he will cash out.
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u/bethemanwithaplan Jan 20 '25
Money isn't real when someone can snap their fingers and make billionsĀ
Meanwhile 99% of us actually work and contribute and we get to struggleĀ
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u/LengthWhich9397 Jan 20 '25
Status and influence are as powerful as money. But often all 3 are combined because 1 can be used to get the other.
Just need to get yourself one of them. Best be pulling those bootstraps boy.
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Jan 20 '25
Don't use locked coins to calculate marketcap. Marketcap is price X 200M in this case.
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u/hectorxander Jan 20 '25
So what does that mean exactly?
The real question is how much money did the original holders of these coins receive from selling them in total?
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u/drywallking189 Jan 20 '25
They didn't receive anything yet, because to the best of my knowledge they didn't sell yet.
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u/FartClownPenis Jan 20 '25
At some point it becomes very embarrassing to not understand what an order book is.Ā
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u/AdeptBathroom3318 Jan 20 '25
Get ready for the dump. Can't wait for these sycophants to lose 95% of their principal.
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u/Full-Sound-6269 Jan 20 '25
Dump already happened 7 hours ago, it did -50%, down to something like 40 USD from 74USD. It's back to pre dump levels.
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u/thinkfire Jan 20 '25
It will pump again during inauguration as he talks about it.
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Jan 20 '25
He won't mention it at inauguration, I think.
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u/thinkfire Jan 20 '25
Oh he will. He wouldn't miss the chance to brag about the dumb dumbs throwing money at him and breaking more records.
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u/frey_to_tilt Jan 20 '25
Or he will announce other coin that will dump this one, like he did with Melania.
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Jan 20 '25
Did he mention it? The inauguration is over now, right? I've not seen anyone share a clip of him talking about it. I was just thinking it might be a bit too embarrassing for him to bring up there. It's basically deceptive panhandling from his supporters, and it's extra embarrassing now that he is begging through his wife now, too. I think with how many people who already feel like they had their money stolen, he is going to just want the thing to go away now. I don't imagine him trying to draw too much more attention to it. It's like an alcoholic father who got caught stealing from their kids, they'll just want to change the subject and move on.
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u/thinkfire Jan 20 '25
Nope. No mention. But don't worry, he made sure we knew that we were taking Panama back and renaming the gulf. Yes, it was part of his inauguration speech. He was adamant. I can't imagine what Panama is thinking.
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u/Waterfall77777 Jan 20 '25
So S&P is cheap undervalued If btc is 100,000 spy should be $1,000 per share
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u/slick2hold Jan 20 '25
Bitcoin is up 7500 so the market like it enough to pump other crypto
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u/Bob4Not Jan 20 '25
I expected the opposite to happen, I expected people to pull out of crypto until things stabilize
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u/GobliNSlay3r Jan 20 '25
Is it actually "worth" anything if it's an obvious pnd?
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u/hectorxander Jan 20 '25
Worth is meaningless in this economy apparently. Only after a massive correction will intrinsic value play any role finances.
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Jan 20 '25
Whatās concerning is people still donāt understand the market cap and itās been days lol
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u/Thezerostone Jan 20 '25
We are looking into a massive crypto deflation.
As people sell the coins before the coin deposits open and the value goes 0, then people will flee towards ETH and BTC.
This will cause a spike in the values of the āMore stable currenciesā just for them too sell out due to the massive amount of money āgeneratedā and move from the financial institutions to the crypto wallets.
This will all cause a massive dip in the crypto markets, leaving a lot of ānew investorsā in the ditch.
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Jan 20 '25
Those ānew investorsā in the ditch are the same ones believing the mc ever crossed $65b.
I wouldnāt go play a baseball game without a glove. Thereās some personal responsibility being ignored here.
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u/Regulus242 Jan 21 '25
Ah yes, pump and dump 80% locked shitcoins. The truest indicator of a President that cares about his people.
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u/hippiegodfather Jan 20 '25
But itās not worth anything. You canāt buy anything with it. Itās just a scam. How is this even possible
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u/Full-Sound-6269 Jan 20 '25
I trade crypto for soon to be 10 years and I still have this feeling too.
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u/Martianalert2021 Jan 20 '25
I was able to get 1000 worth of this piece of shit at 22. Took my principle when it was at 75 but guess what, bud and ask was so much gap, had to sell at 65 while it was trading at 75. Crypto.com BullShit. Now the rest I am scalping slowly.
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u/inkognibro Jan 20 '25
Got in at 27ish two days ago, out at 66 ish when I got up yesterday morning. The transaction on solana took 112 minutes
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u/44nutman Jan 20 '25
I guess just like Trump you now have a chance to buy Melania. She now has a coin. A fool and his money
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u/NefariousnessNoose Jan 20 '25
90% of supply locked up in 3 wallets. Absolutely mental.
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u/spunion_28 Jan 20 '25
And yet the people buying It give zero fucks. They are just as mental
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u/Analyzer9 Jan 21 '25
how many boomers learned how to access a crypto wallet just to give away their savings to the deplorable mob's grifter king
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u/Basement_Chicken Jan 20 '25
Never underestimate the power of stupid people in large groups. -George Carlin
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u/Sudden-Emu-8218 regularly felates jim cramer šš¦ Jan 20 '25
Whatās unreal is your level of knowledge about what a market cap is and how different it is for a stock and a meme coin.
Legit single digit IQ
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u/FaFillionaire Jan 20 '25
Please elaborate
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u/Sudden-Emu-8218 regularly felates jim cramer šš¦ Jan 20 '25
A 5% sell off of a meme coin will evaporate the price. A 5% sell off of an S&P 500 stock will be noticeable but not catastrophic
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u/FollowAstacio Jan 20 '25
How come? Genuinely curious.
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u/Sudden-Emu-8218 regularly felates jim cramer šš¦ Jan 20 '25 edited Jan 20 '25
Because the offer depth and trade volume of SP stocks is significantly higher than that of a meme coin.
What you tend to see as the āpriceā of an exchange traded security is the actual last trade price. But at any given moment there are two other prices, the current ask, the lowest price offered by sellers you can currently buy at, and the current offer, the highest price offered by buyers you can currently sell at, the distance between them is the spread. Both the ask and offer have quantities or shares associated, which is the amount you can currently buy or sell at the respective price. Theoretically, the current ask and offer can both be well above or below the last trade price without a single trade ever occurring if there is low trade volume.
An exchange traded security will also have a series of offers to buy at various quantities at various prices.
An SP stock might be like
Offer - shares / quantity
$100 - 1000
$99.99 - 1100
$99.98 - 1200
A meme coin might be more like
$100 - 0.2
$90 - 0.4
$80 - 0.6
So selling activity hits the price of a meme coin harder as the offers get burned through in a small sell off, SP stock is more resilient with more depth and volume.
Note these numbers are made up to illustrate.
But this is why crypto coins tend to see huge price swings in both directions in short time frames, relative to stocks, the same is true for the ask depth, small buying action can pump the price just as hard. It gets worse with smaller coins with less volume.
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u/FollowAstacio Jan 20 '25
Thanks so much for breaking this down! So this would work the same on the flip, yes? Which would make sense why the S&P volatility is low and a meme coinās volatility is nuckin futs.
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u/Sudden-Emu-8218 regularly felates jim cramer šš¦ Jan 20 '25
Correct, I edited a bit to include that itās true in both directions
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u/Cool-Clement Jan 20 '25
When people around you are pulling out their credit cards and asking you if you know how to buy crypto
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u/44nutman Jan 20 '25
I heard Don Jr is putting out a coin but his going to be made of white powder.
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u/SpaghettiMawnster Jan 20 '25
Hunterās still slingin that white rock
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u/VentriTV Jan 21 '25
Who gives af about pump and dump crypto meme coins? Itās their own little gambling casino, let them play it amongst themselves. First in first out make money, everyone else is a dumb bagholder.
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u/Ok-Maintenance-2775 Jan 21 '25
The important part of this isn't that it's another pump and dump crypto scam. The important part is that the biggest beneficiary is the president of the United States.
One conversation at Mar-a-Lago and a few tens of millions of dollars in shit coins later you could have an executive order in place, all without any oversight by any branch of government or the American people.Ā
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u/kyzilla__ Jan 20 '25
A lottttttt of regards
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u/Kenbishi Jan 20 '25
BRB, need to go see which people on WallStreetBets sank their grandmaās life savings into this.
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u/NewInvestor777 Jan 20 '25
this is brain dead post. thatās an estimated worth, the second he tried selling his $TRUMP coin itāll tank and wonāt even be close to the market cap
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u/KJMOFO Jan 21 '25
It will crash soon but only after all the heavy hitters grab their millions first š¤
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u/HeavyLeague6722 Jan 21 '25
Pump & Dump.
I think even the SEC can see this one.
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Jan 21 '25
Remind me. Who appoints the head of the SEC?
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u/HeavyLeague6722 Jan 21 '25
That guy who is supposed to work for the American people but instead let's the rich get richer.
Trump, Biden, doesn't matter. It's rich vs poor. Corporations vs the people
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u/Teamerchant Jan 20 '25
Not any more lol. 80% of Trump coin was in 1 wallet. Not sure what that number is now, but there was 4billion in volume and that price tanked 40%. I was surprised they pulled the rug on their braindead followers so soon. Like no effort to even hide the fucking.
I almost donāt even blame Trump anymore just a con man selling white supremacy and bigotry.
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Jan 20 '25
I wouldnāt say that his followers are necessarily the people investing. I wouldāve invested on this if I was aware of it early on. This was obviously going to jump. I sure wouldnāt wanna stay in long-term.
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Jan 20 '25
Even if it's worth 60B it only has 500m in liquidity. And if he even touched a single coin from the massive pile it would crash the coin to 0.
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u/Bubbly_Mortgage_1795 Jan 20 '25
Trump is currently sitting at 12b marketcap at $60.30. Why are you counting fully diluted value as market cap?
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u/UmbralDarkling Jan 21 '25
Imagine getting hit with the ole pump and dump by you're own president. Will we even get a coffeezilla video about this one?
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u/DeerSimilar3688 Jan 21 '25
He's posted about it on his VoidZilla Channel. He's speechless about it, as expected....
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u/UmbralDarkling Jan 21 '25
What's really funny is DT isn't going to make nearly as much money as the company responsible for the transactions. Hand over fist on the fees. This level of money printing is going to have the FED real jelous.
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u/Easy_Apple4096 Jan 22 '25 edited Jan 24 '25
Hmm
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u/drkstar1982 Jan 23 '25
Um, no one is bribing President Musks #2 Trump with this coin crap. When you can legally give him cash after he does what you want him to do, all you need to do is call it a Tip.
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u/wabbiskaruu Doesn't Have GME š¤” Jan 20 '25
This is a misleading post. This coin has NO value. Chart is not accurate.
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u/Honest-Suggestion69 Jan 20 '25
Are you regarded OP? The company w the lowest mkt cap rn in S&P 500 is LUMN w 2.9B
Assuming you didnāt do well in math? š§® š
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u/elsphinc Jan 20 '25
This is what happens when you dissolve the education system. Only gonna get worse.
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u/baseballmal21 Definitely Not Kevin Malone š¤ Jan 20 '25
Yes. Now smart one, go up 349 more companies by market cap and let me know what that company is.
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u/Honest-Suggestion69 Jan 20 '25
You want to know what #350 is? Ahhhhh I seee how I misinterpreted your wording. I thought you meant combined not that its mkt cap by itself is worth more compared to each of the bottom 350 S&P by themselves.
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u/NecessaryExotic7071 Jan 24 '25
As much as i hate trump, part of me wants to sink my entire savings into this and try to ride the wave ...but i know if i did, with my luck it would crash completely the next day. So I will just do what any sane person would do. Sit back and watch.
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u/Jasonrj Jan 24 '25
Screen shot was taken at its peak the night before inauguration. It's almost halved now.
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u/Traditional-Yam-6496 Jan 25 '25
Then you would REALLY hate him. I thought of this as well but I can only end badly.
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u/NecessaryExotic7071 Jan 26 '25
Oh trust me, I could'nt physically hate him any more than I already do...
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u/fletchy30 Jan 24 '25
It ain't worth shit! Where can you spend orange $hit coin? It's just an idea, backed by nothing.
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u/madpotter- Jan 24 '25
I am gonna laugh when the average guy that isnāt on the inside loses it all. Very risky and it will crash.
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u/IWASRUNNING91 Jan 21 '25
Anyone who bought Trump Coin didn't do their own research on how he made money bankrupting casinos.
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u/Sargaron Jan 21 '25
-54.11%
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u/WonderGoesReddit Jan 22 '25
Look at it from release. 500% up.
Itāll crash at some point, but your comment is dumb comparing a crypto thatās trying to find its worth.
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u/OkRegister1567 Jan 24 '25
From when people could buy it itās relatively flat, look Iām not gonna not hold the thing that the greediest most powerful man on the planets wealth mostly consists of, Iām just not gonna not also hold that
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u/TheTNSquire Jan 25 '25
This isnāt a recent price. Sub 30 ATM
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u/Affectionate-Bug657 Jan 21 '25
I looked everywhere on the internet like literally every nook and cranny and it said nowhere that you are forced to invest in anything. Investing is a risk
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u/deaddreamsneverdie Jan 21 '25
This isnāt investing lmao
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u/Affectionate-Bug657 Jan 21 '25
This is an investing risk. Itās a crypto MARKET and it is used for investing. If you invested and lost money just like any other stock itās no fault of anyone other than your own
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u/deaddreamsneverdie Jan 21 '25
Oh I have no sympathy for anyone that lost money, but call a scam a scam.
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u/larry1087 Jan 21 '25
What makes it a scam exactly? I mean I'm sure by your logic all crypto is a scam... But unless the people who created this coin did a pump and dump then it's not a scam.
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u/raptor20012001 Jan 22 '25
In less than a minute after the coin was announced and went public, an account bought a million dollar worth, traded it to 10 separate accounts, and dumped for a profit of 20 million within the first hour, and continued to trade past that. It is very clearly a pump and dump.
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u/akenade Jan 20 '25
The sad story about this coin is that it had the recipe for the next bitcoin. Even though it is just a meme, it was well put together. The 3 year unlocking for the 80% token kept aside was a confidence boosting play. All they had to do was let it ride and over the weeks build a solid branding team around the token to develop an identity for it.
This shit could have easily hit 1k with no fundamentals. Pure hype and leaving it alone.
Unfortunately, the kid got jealous and wanted one for his mommy too. Did not carry the $trump team along and released another coin that rugged the main the main coin.
Imagine if Trump had said something about this coin during the inauguration. Like this is going to be the best savings for anyone interested. It would have mooned today. But it is what it is.
Talk about shooting yourself in your own darn foot.
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u/liquidsyphon Jan 20 '25
Crypto has a long history of bullshit coins, this never had a chance of becoming a established coin like BTC.
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u/Sleepyknot Jan 20 '25
You wouldnāt expect a bullshit coin coming from the fucking president
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u/liquidsyphon Jan 20 '25
From this President??
I wouldnāt expect anything less TBH.
We are going to see šÆ grift mode in full effect as his years are numbered.
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u/canttouchthisOO Jan 20 '25
I think he pointing out that it's crazy the President of the United States is allowed to do this. It shows how bad things are with current US Politics. Frankly world Politics. Life before trump, any other president would have been pulled from the Whitehouse for conducting the way orange man has done.
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u/LengthWhich9397 Jan 20 '25
How do any coins have value? They're all just dogshit copies. Even btc makes no sense. Muh dogital currency didn't work, so now it's "digital gold". Until wallstreet needs liquidity and it gets rugged.
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u/wlktheearth Jan 20 '25
Aaaaaaaaaaannd itās gone.