For the first time, US residents can now invest in memecoins through traditional brokerages. Trading will only get stranger from here.
Trump is turning the US into a giant a casino, and he’s the pit boss.
Memecoins Are Coming to the Stock Market
Submitted 2 days ago by technocrit@lemmy.dbzer0.com to technology@lemmy.world
https://www.wired.com/story/memecoins-are-coming-to-the-stock-market/
Comments
Ghostalmedia@lemmy.world 2 days ago
paraphrand@lemmy.world 2 days ago
And his casinos lose money 😞.
resipsaloquitur@lemmy.world 1 day ago
The Biff Tannen timeline.
echodot@feddit.uk 1 day ago
At least Biff had some idea of what he was doing. Cause and effect are not really concepts that Trump is familiar with.
dhork@lemmy.world 2 days ago
Sweet! If this pumps my Dogecoin to $69 I can retire
desmosthenes@lemmy.world 1 day ago
fall of democracy; thanks crypto ai bros
verdi@feddit.org 1 day ago
In case everyone is sleeping let me break this down for you:
Both crypto and modern private equity are ponzi schemes. With leverage to hold on crypto and leverage on leverage to own on private equity, both industries have been a bag throwing game between investors, with managers cashing in on every trade for close to a decade. Now, the industry is cooling down, they ran out of idiot fund managers to scam into participating in their ponzi scheme so they either let the bubble burst or they find new idiots to be left holding the bag when they cash out before the catastrophe. We’re a the find new idiots phase, with the new regulatory freedom sponsored by the pedophile in chief, all of these scammers are now turning to even lower sofistication investors to buy in their ponzi scheme so they can cash out before the shit hits the fan. Case in point, new age app brokers now advertising investment in the “private markets” as a new product. I see another wealth transfer wave from the lower and middle class to the 1% happening within 2 to 3 years. It’s going to be the reason we get Nazis again in power in the civilized world.
fartographer@lemmy.world 1 day ago
FINALLY! I recently started understanding more about stocks and investing, and what Memecoins are going to bring to the table is the removal of things making sense.
echodot@feddit.uk 1 day ago
To be fair yuppies and crypto bros are basically the same people. The stock market was only ever marginally less stupid. It’s only saving grace was it was somewhat regulated, albeit with a fair amount of corruption.
MonkderVierte@lemmy.zip 1 day ago
Look. Human is a smart ape, not a logical decision machine. And understanding topics indepth is exhausting and needs time, so a lot of influential or rich people make decisions based on mood or half-truths, because of which a lot more less important or rich people do the same (because ape brain thinks of such people as more trustworthy). Which is why things like hypes happen, and in stock market too.
Imgonnatrythis@sh.itjust.works 1 day ago
I wonder what happens when you stack shit on top of poop?
zarathustrad@lemmy.world 1 day ago
Not certain about shit and poop, but according to the song:
You take some fuck then some shit
Then some fuck then some shit
You’ve got a fuck-shit stack
A fuck-shit stack
You take some fuck then some shit
Then some fuck then some shit
You’ve got a fuck-shit stack
A fuck-shit stack
fartographer@lemmy.world 1 day ago
Are you watching me right now?
MonkderVierte@lemmy.zip 1 day ago
Wasn’t memecoin supposed to be a joke currency? This fits, because the stock market is fueled by hype only.
Endymion_Mallorn@kbin.melroy.org 2 days ago
Honestly, this is a huge step forward. I know it sounds dumb, but regulating the crypto market as securities will help provide stability to crypto and help classic securities become more adaptable. I've been waiting since day 1 for the SEC to step in here.
realitista@lemmus.org 2 days ago
This is the Trump SEC we are talking about here…
Endymion_Mallorn@kbin.melroy.org 1 day ago
I understand where you're coming from, but that means they care about making sure that the number goes up, rather than fluctuating wildly. And they absolutely don't want rugpulls (unless they're the ones holding the rug). That's the kind of stability I'm talking about. No tycoon actually wants a free market, they want the regulations to make sure that they have a chance to corner the market and protect them against their enemies.
cupcakezealot@piefed.blahaj.zone 1 day ago
if anything it means regular stocks will now be as regulated as crypto stocks or w/e they’re called
cupcakezealot@piefed.blahaj.zone 1 day ago
oh the stock market i know all about the stock market
"homer simpson wearing a suit and a top hat does a chorus line with a bunch of women with $ hats"
UltraGiGaGigantic@lemmy.ml 1 day ago
Reindeer games
Nightlight17776@lemmy.ca 2 days ago
I miss when doge was just a cute memecoin and not a government agency
magic_lobster_party@fedia.io 2 days ago
I miss when Dogecoin was just a satire of cryptocurrencies.
db2@lemmy.world 1 day ago
I miss when they were 13 cents each and everyone involved dgaf and still had fun.
Then fElon happened.
NewNewAugustEast@lemmy.zip 1 day ago
I miss when the satire became a possibility of a real currency. Of all the crypto, Dogecoin proved that there is no point in trying.
Low cost, fairly stable, cheap to send a receive, a ton of clients and places to spend it. I never bought any, but I traded for plenty, and bought many things with it. I never worried about it becoming valuable, so I did not hoard it. I never worried about it becoming worthless either because the inflation rate was constantly shrinking.
But the complaint was always the same: how will I get rich with this?
Which proved that crypto is garbage and a ponzi or pyramid scheme.
ilillilillilillililli@lemmy.world 1 day ago
I miss sponsoring Jamaican bobsled team and NASCAR (Josh Wise). We also sponsored building a well in Kenya, for access to water (Doge4Water). DOGE used to be a force of good before it was hijacked by Muskrat and that orange piece of shit.