For the first time, US residents can invest in memecoins through traditional brokerages. Trading will only get stranger from here.

For the first time, US residents can now invest in memecoins through traditional brokerages. Trading will only get stranger from here.

      • db2@lemmy.worldEnglish
        6·
        3 days ago

        I miss when they were 13 cents each and everyone involved dgaf and still had fun.

        Then fElon happened.

      • NewNewAugustEast@lemmy.zipEnglish
        4·
        3 days 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.

        • Echo Dot@feddit.ukEnglish
          3·
          3 days ago

          My brother-in-law is big into crypto, I’ve had the same arguement with him so many times I’ve lost count. Investment requires that you invest in something that has value that will actually increase, and other than the crypto bros no one’s buying into cryptocurrencies so the value isn’t going to increase.

          Anyway he’s rich, so I suppose it doesn’t really matter but it’s such a waste of money. Like if you want to invest get into stocks and shares at least they actually do increase in value.

          • NewNewAugustEast@lemmy.zipEnglish
            2·
            2 days ago

            It is secure. It is your wallet, your keys. The security is you don’t store in on someone elses server just like people should do with any crytpo. Never on an exchange.

            It is built from litecoin, which is a fork of bitcoin.

    • ilillilillilillililli@lemmy.worldEnglish
      2·
      2 days 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.

  • verdi@feddit.orgEnglish
    71·
    2 days 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.worldEnglish
    12·
    3 days 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.

    • Echo Dot@feddit.ukEnglish
      61·
      3 days 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.zipEnglish
      2·
      2 days 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.

      So in short, it never made really sense. It’s all Hype.

    • zarathustrad@lemmy.worldEnglish
      4·
      3 days 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

  • MonkderVierte@lemmy.zipEnglish
    3·
    2 days 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
    321·
    3 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.

      • Endymion_Mallorn@kbin.melroy.org
        18·
        3 days 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.

        • Sanctus@lemmy.worldEnglish
          11·
          3 days ago

          They definitely only care that it fluctuates wildy while they bought on the low. As soon by them fleecing the actual stock market this entire year using his influence to raise and crash it.

        • Echo Dot@feddit.ukEnglish
          2·
          3 days ago

          I suspect that this will actually just result in them doing a lot of pump and dump schemes. They all seem to be in it for the short term so they’re not interested in long-term stability since stability generally means small profit gains. Market instability is where the con artist thrives.