Kanye West’s “Yeezy Money” crypto crashes 61% despite $3B hype

https://coinjournal.net/news/kanye-wests-yeezy-money-crypto-crashes-61-despite-3b-hype/

fantano responds: https://www.youtube.com/watch?v=qAEJlSjuEf8

73 points · 11 comments · view on lemmy.world

11 Comments

wuffah@lemmy.world · 42 pts · 348d (1 reply)

As an Internet person with absolutely no knowledge or experience in finance, I can professionally guarantee you that Kanye West’s crypto coin “Yeezy Money” is not a good investment and you should not purchase it.

I mean Jesus fucking Christ.

BussyGyatt@feddit.org · 5 pts · 348d

the more you think about it the worse it gets

Darkard@lemmy.world · 24 pts · 348d (1 reply)

So what? Kanye sold his 50% of the scam coin plus the 11% that saw it happening and tried to get out in time.

This is the lifecycle of all crypto.

venusaur@lemmy.world · 3 pts · 348d

Yup. This is how all new coins work. Even the OG coins go through pump and dump, just like stocks, but they have the numbers and legitimacy to bounce back.

Aidinthel@reddthat.com · 11 pts · 348d (3 replies)

Who exactly is still buying these things? Fool me once, shame on you, but fool me one hundred times...

meco03211@lemmy.world · 13 pts · 348d

My only guess is that it's people who think they can get in and out before the dump. Beyond that it's got to be just pure unfiltered ignorance.

n3m37h@sh.itjust.works · 2 pts · 348d

A foolded man cant be fooled again!! - G.W. Bush

73QjabParc34Vebq@piefed.blahaj.zone · 1 pts · 348d

Kids

n3m37h@sh.itjust.works · 8 pts · 348d

You fucking RETARDS will never learn will ya???

Ya got what ya deserved, fucking idiots

sirico@feddit.uk · 6 pts · 348d

First time this sort of thing has happened.

TheDemonBuer@lemmy.world · 4 pts · 348d

Step 1: pump
Step 2: dump
Step 3: profit