TL;DR

A former president launched a cryptocurrency, sparking fears of a pump-and-dump scheme and highlighting the risks of get-rich-quick investments.

Story

“It’s Over,” the internet screams, and for once, I agree. The picture making the rounds? A screenshot of a former president launching a cryptocurrency. Remember Beanie Babies? This feels like that, but with digital tokens and the potential to lose your actual shirt.

Here’s the deal, simplified: someone famous creates a digital coin, hoping people will rush to buy it, driving up its value. They cash out, the value plummets, and everyone else is left holding a bag of… well, nothing.

This isn’t just another pump-and-dump scheme. It’s a symptom of a larger disease—our obsession with get-rich-quick schemes and our willingness to trust anyone with a platform. Remember the Great Depression? People lost everything betting on stocks they didn’t understand. This feels eerily similar. My gut churns, picturing hardworking folks falling for this. It’s not their fault; it’s a system rigged against them.

Some call it “brilliant.” I call it predatory. It’s like a digital casino where the house always wins. The insiders, the early birds, they get the feast. The rest of us? We’re left with the scraps, wondering where it all went wrong.

Someone bragged about turning $1 million into $120 million. Good for them. But for every one “winner,” there are thousands who lose their shirts, their life savings, their futures. It’s a rigged game. Always has been, always will be.

Advice

If it sounds too good to be true, it probably is. Don’t invest in anything you don’t fully understand, no matter who’s promoting it. Stick to sound financial principles: diversify, save consistently, and don’t chase hype.

Source

https://www.reddit.com/r/wallstreetbets/comments/1i4ui3q/its_over/