TL;DR
Eric Trump’s ETH ‘hope’ post reeks of a classic pump-and-dump scheme, leaving average investors as the inevitable victims of the Trump family’s financial games.
Story
Another Trump in the crypto casino? Color me shocked. Eric Trump posting about ETH ‘hope’ is less about market optimism and more about the Trump playbook: pump, dump, and leave others holding the bag. Remember Trump’s SPAC, Digital World Acquisition Corp.? Smoke and mirrors. This ETH ‘hope’ smells like the same old song and dance.
How it probably works:
- The Signal: Eric’s post creates hype.
- The FOMO: Newbies rush into ETH, artificially inflating the price.‣ FOMO: Fear Of Missing Out. The herd mentality that drives irrational decisions.
- The Dump: Once the price is high enough, someone (maybe connected to the Trumps? Who knows?) sells big, crashing the market.
- The Losses: Average investors are left with worthless ETH.
This isn’t new. It’s the same predatory cycle that fueled the 2008 crash and countless pump-and-dump schemes.‣ Pump and Dump: Artificially inflating an asset’s price before dumping it for profit. Like blowing up a balloon and popping it—someone gets soaked.
Think Enron with a crypto twist. Opaque dealings, hype, and someone mysteriously getting rich while others lose their shirts.
The Human Cost: Imagine John, a retiree who put his life savings into ETH after seeing Eric’s post. Now, his retirement dreams are as shattered as a dropped iPhone screen.
It’s a brutal reminder that the market doesn’t care about your ‘hope’. It’s a jungle, and the lions are always hungry.
Advice
Never take financial advice from someone whose family history includes questionable financial dealings. Do your own research and watch out for hype—it’s often a smokescreen for scams.
Source
https://www.reddit.com/r/CryptoCurrency/comments/1ih5vtj/somethings_wrong_i_can_feel_it/