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Memecoins is “Ponzi Plans”



They call it “EL PRSEDNTE”. But unlike the other president, Dave Portnewi draws a line in the launch of Mimikoen. He worries his followers, they will lose their shirts.

He said in an interview with Coindesk: “I got involved in Memecoins because I wanted to launch Memeco Barstool, but I didn’t want to lose my fans and my money.” He said: “There is no value for it, so you must enter and go out before it is broken.” [Note: memecoins aren’t legalized in the U.S. but they are popular.]

While Portnoy has not released Barstool brands, he launched another Memecoins. In February, Greed, a symbol of the maximum market of $ 41.5 million. according to LookonchainPortnoy bought 357.92 million dollars of greed, with a total of 35.79 % of the total offer, then all of them were sold in one treatment, causing the price to be disrupted. It was made about $ 258,000.

Barstool SPORTS founder took x Following the saying, “I warned the people I could sell. I could spend +1 million

Portnoy began trading stocks during the Covid-19s, and even launched the Dai Day Trader channel on YouTube, where fans can follow its trading. His deals were not always successful, and there was always no clear strategy, but it was entertaining. At one point, he withdrew the messages from the Scrabble bag, RTX (Raytheon Technologies Corporation), and put $ 200,000 in stock.

At this time, Portoi was introduced to Bitcoin. “I don’t think you can participate in anything, the stock market [or] Now it says it is funding without encryption a large part of it. He has a love/hate relationship with Bitcoin because he says he was “on the wrong side of him every time he vibrates.” Over the years, also try investing in cryptocurrencies like XRP.

Although Portnoy entered Memecoins because he wanted to launch one Barstool community, he admits that he still does not understand how to implement Blockchain technology or cryptocurrency in his business model. Bitcoin once accepted as part of the Barstool Fund to help small companies, but out of $ 50 million, he said only $ 30,000 came from Bitcoin.

He said: “They spoke a big and great conversation, but this did not work.” “Crypto is the league leader in people telling you what [you] You should do, as he is the league captain in the people who are not trustworthy. “

I tried Portnoy with Memecoins and Bitcoin, and even launched NFT connected to the One Bite Piteza Reviews that was sold at $ 138,000. Although he does not always understand them, he says, “As much as I have back and forth with the encryption community, I really love them. I think they are happy […] An interesting group, which I think I am part of. “

Dave Porto will share more about his 2025 consensus journey in Toronto on May 15. Get your tickets here.




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