So even large investors make mistakes, just like those who have more modest assets. Everyone loses, and at most 5% earn.
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mr-Belferman
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💸 Chinese textile company throws $800M into crypto — the market responds with a rollercoaster
Addentax Group (NASDAQ: ATXG), a Chinese clothing and logistics company, announced plans to acquire up to 8,000 BTC and the meme token TRUMP for a total of $800 million through the issuance of new shares. 
The company's shares initially soared by 150%, reaching $1.78, but quickly fell to $0.61, below the initial price. 
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🧠 Opinion of Mr. Belferman:
When a textile company from Shenzhen decides to buy bitcoin and meme tokens for $800 million, and its shares behave like a rollercoaster — this is either a brilliant move or yet another pump & dump.
If the CEO wants to attract crypto investors as shareholders, it might be worth starting with transparency and clear agreements. So far, this looks more like a PR campaign than a real business plan.
⸻
Remember: not all that glitters is gold, and not every crypto plan is worth investing in.
$TRUMP $BTC
Addentax Group (NASDAQ: ATXG), a Chinese clothing and logistics company, announced plans to acquire up to 8,000 BTC and the meme token TRUMP for a total of $800 million through the issuance of new shares. 
The company's shares initially soared by 150%, reaching $1.78, but quickly fell to $0.61, below the initial price. 
⸻
🧠 Opinion of Mr. Belferman:
When a textile company from Shenzhen decides to buy bitcoin and meme tokens for $800 million, and its shares behave like a rollercoaster — this is either a brilliant move or yet another pump & dump.
If the CEO wants to attract crypto investors as shareholders, it might be worth starting with transparency and clear agreements. So far, this looks more like a PR campaign than a real business plan.
⸻
Remember: not all that glitters is gold, and not every crypto plan is worth investing in.
$TRUMP $BTC
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