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Wu Danru talks about Trumpcoin: very unethical and deceptive! Even meme coins are not trustworthy. I only obediently buy BTC and have already cashed out.
Investment writer Wu Danru, who has a large number of supporters, specifically discussed the craze of Trumpcoin in a Podcast, but the response from the encryption community was quite awkward. (Previous situation: Many financial influencers' pages were suddenly banned! Wu Danru: Scammers are fine, but the legitimate ones are suffering. Is Facebook bullying people? The Ministry of Truth issued an urgent clarification.) (Background: Wu Danru understands the 'BTCHalving effect' very well, and then shows coin trusts and MAX accounts: regular fixed-amount investments have doubled successfully.) In recent years, domestic investment writer Wu Danru has been in contact with Cryptocurrency and often puts forward financial viewpoints. She also caught up with the highly popular Trumpcoin topic in the coin circle. In Wu Danru's Podcast, she specially produced an episode titled 'Is Trumpcoin just a pump eyewash?' At the beginning, she mentioned that meme coins are a type of Cryptocurrency that 'does not have any economic or trading value' and claimed that all meme coins cannot be used to exchange for anything. Investors may expect future value, or it may be that the coin itself is a scam. Criticism of Trump breaking moral boundaries Wu Danru described in the Podcast that Trump had previously opposed BTC, but his attitude turned 180 degrees when running for president in 2024, becoming the 'encryption president' vigorously promoting the development of the American Cryptocurrency industry. With the issuance of Trumpcoin, it is equivalent to Trump opening his own printing press, and the entire Trump family can also issue coins. Wu Danru criticized that Trump's behavior is equivalent to telling everyone that being president is also about making money, breaking moral boundaries without restraint, which is definitely a moral concern. In the future, all politicians can issue coins, which may lead to the beginning of an era of meme coin scams. How to view investing in Trumpcoin? Wu Danru returned to the topic of Trumpcoin, stating that if one really wants to invest in Trumpcoin, there is 'probably only one outcome,' which is to buy at $30, frenzy sell at $50, and then short the market. If investors keep waiting for a rise, she believes Trump's statements are not very trustworthy. Now he has issued 200 million Tokens, and in the future, he may say he wants to issue 1 billion, and if there is no money, he will issue 2 billion. Meme coins will also inflate, but of course, it cannot be considered inflation because meme coins really cannot be exchanged for anything, and it is very likely that one will lose everything. Only buy BTC, Ethereum After heavily criticizing meme coins and Trump, Wu Danru mentioned that she likes to keep up with the times, but always takes a low-risk approach. 'If my total assets are $100, I will never invest more than $3 in these risky things.' She advised the public not to go all-in on Cryptocurrency with all their assets. As an example, Wu Danru said she had previously bought Ethereum and now invests about $30,000 to $40,000 in BTC every month. Currently, she has 'assumed' invested a total of $2 million in TW dollars, has earned $5 million, and has already redeemed $4.5 million, putting her in a stable and profitable position. As for meme coins, Wu Danru said she is not interested in understanding them. She does not want to understand too clearly what DOGE, recommended by Musk, and many other meme coins in the dog series are. Not understanding is also good because high-risk investment is simply speculation and gambling. Community criticism: Wu Danru misunderstands many concepts Regarding Wu Danru's 20-minute recording criticizing Trumpcoin and meme coins, it has caused a lot of discussion, ridicule, and criticism among the encryption investors. This includes the opinion that Wu Danru may be confused about the nature of 'Cryptocurrency' and should not express opinions on unfamiliar things, allowing the public to absorb incorrect knowledge. Joey Lu, the founder of the well-known community 'Appleseed,' specifically pointed out in a post that Wu Danru's concepts are wrong, such as her belief that meme coins have no Intrinsic Value and cannot be exchanged for goods, which are already bound by the words 'coin.' Wu Danru's belief that Trumpcoin can be unlocked and released at will is also a result of not understanding technical concepts.