Richard Ma
906 posts

Richard Ma
@rtmtd_HK
Angel investor l 200+ startups over 7 years CEO @Quantstamp $zBTC $SOL $BTC
Hong Kong Katılım Mayıs 2013
1.1K Takip Edilen555 Takipçiler

@JTNTTX @memecoinmuscle @peelyeth show me the listing. Cryptocom simply value their reputation and do not want to say that they were hacked, or that an employee decided to make money on a scam token. no official announcement.
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@memecoinmuscle @JTNTTX @peelyeth I realize that, I just said it was a fake, that's all. Too many red flags. All the blame will fall on crypto com.
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@memecoinmuscle @JTNTTX @peelyeth That is exactly the problem, they don't want to admit their mistake and people will lose even more money.
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lol I’m gonna say again I’m not saying it’s the real coin. I will say I made real coin on it cause I got in a 40 K last night lol
what I am saying is the fact that it came from crypto.com‘s account and they have not addressed it. They have opened themselves up to litigation at this point. The only reason it’s in the millions is because it came from their account and an employee from their company went and posted that they had not been hacked.
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@Rugaholic they bought it for 13k and sold it for 35k, dev didnt buy anything else. you'll lose all your money
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@memecoinmuscle @JTNTTX @peelyeth real kanye buys his $YE for $13k and sells it for $35k. Aren't you guys laughing?

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the problem with what ur saying though is that by not addressing they have opened themselves up to potential lawsuits ( which is now a growing business lol).
it came from an official x account and an employee said they were not hacked and posted as such. crypto.com has tons of lawyers that advised them no lawyer would ever say don’t comment on something that came from your official account lol
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@JTNTTX @peelyeth crypto.com doesnt want to admit theyre wrong, thats all.
Expect to hear in the near future that an employee made a mistake with $YE CA or something like that.
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@0xPixel_Nomad @peelyeth Yeah except they didn’t deny the coin and now have 3500 people in it
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@0xPixel_Nomad @peelyeth Why not address the tweet being false and not just the security of their X?
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@JTNTTX @peelyeth just an attacker got access to X, and created a fake token, made a post and as soon as the post was noticed and deleted, he sold all the tokens.
They are investigating, but I'm pretty sure one of the crypto.com employees was hacked and didn't admit to it.
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Richard Ma retweetledi
Richard Ma retweetledi

TST got listed on Binance. A few thoughts:
1. CZ said “fundamentals”, then talks about a test coin turned meme coin.
I posted to clarify that TST was NOT endorsed by me/us. It was just a test token used in a video tutorial. But every clarification post just made it more viral for whatever reason. 😂
2. Is CZ shifting away from fundamentals? No. I am a builder. I always focus on fundamentals.
3. Is CZ “into” meme coins now? It depends on your definition of “into,” I haven’t bought a single meme coin so far.
4. Then, is CZ against meme coins? No. Not “into” something doesn’t mean I am against it. I am not into sports cars; I don’t collect art; I haven’t bought any NFTs; I also haven’t bought most altcoins (I hold BTC and BNB). But I am not against any of the above. And I think most of you’d agree, that I have worked hard and "gone to some lengths" to help many altcoins and the crypto industry in general. I adopt the same view towards meme coins.
5. Why did TST get listed on Binance? I don’t know for sure. I am entirely NOT involved in their listing process. Based on historical experience, people always complain, “Why do you list this but not the coin I hold?” You might not like to hear this, but the truth is: exchanges must compete to list popular coins (with trading volume) as early as possible. If your coin is actively sought after by traders, you don’t need to talk to exchanges. As I always say, work on your project, not the exchanges.
6. Why do people buy memes instead of utility tokens? I don’t know, but I will go on a limb and make a few speculations (pun intended).
6.1 During the last four years, a powerful regulatory agency sued almost anyone with any utility token, falsely claiming they are securities. So, people started to launch memes.
6.2 There are groups of traders known as speculators. Things with clear tangible value are harder to speculate on. They stay around the clear value. This is indeed a challenge for RWA. For example, a building whose value doesn’t fluctuate much may not have a lot of trading activity. Then, it won’t have much liquidity, and the order book becomes thin, then even less trading activity, a vicious cycle.
6.3 Memes are fun, etc. It’s a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community.
7. Lastly, it’s clear there are lots of money ready to invest in the market. Lots of opportunities. You need to build things people want.
Happy building and happy memeing! And manage your risks. 🫡
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