Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Zed0X on July 12, 2019, 02:03:58 PM
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In one of his recent tweets, the POTUS said he is not a fan of bicoin and other cryptocurrencies saying that its value is highly volatile and out of thin air.
https://twitter.com/realDonaldTrump/status/1149472282584072192
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity
It seems to me that this is another attempt to discredit bitcoin because of the incoming bullrun. Just like how some of the known personalities in financial institutions did before. Are you bullish?
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He wants to preserve the diminishing value/image of the US Dollars that's why he is coming with this statements. I think he and other people in the financial institutions fears bitcoin. It does not really matter if he is a fan or not. What's more important is that he cannot stop the bitcoin train.
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everyone has a right to speak what he thinks. He is a president and afraid that somehow bitcoin will post a threat to the financial system of the world if he adds more flavor of it. Crypto is none regulated and volatile that's why he afraid his statement he spark interest of an ordinary people and go into bitcoin and loss.
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If Bitcoin will become very successful in the future. I am pretty sure he will be a fan of Bitcoin. But, I noticed when famous personality put a remark about Bitcoin, it could boost only BTC prices.
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I don't mind if he is a fan of bitcoin or not. So far, there are several influencing people who are more interested to follow. This is not kind of negative news for the crypto world because the crypto world will always stand for great thing and great people.
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Theoretically, Trump is not allowed to support bitcoin. He can't go against FED's will, which is what cryptocurrencies are aiming to: replacing state banks' roles. But no one really knows if Trump does use bitcoin or cryptocurrency.
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Trump often speaks about what he has no idea about, so I don’t think that we should be serious about his statements about cryptocurrencies and bitcoin. Although I do not exclude that his statement provoked a slight drop in the price of Bitcoin.
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Of course he will say that. Governments will always be against bitcoin and other crypto currencies, then they will release their own blockchain solutions and say "It is the best thing ever". All they want is some regulation and control, which is not possible on bitcoin but will be possible with government coins.
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Pres. Trump being a fun or not of bitcoin is not going to have much influence on it. Bitcoin train cannot be stopped and it will continue to soar and gain even more popularity world wide.
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Transparency is part of crypto, many governments reject Bitcoin because no one regulates prices, if the government has the authority to regulate the price of Bitcoin, then a country or government that manages will benefit greatly from the decline and increase in prices.
at the moment the dollar price is still losing to Bitcoin. This situation made the government confused to reduce the very high value of Bitcoin in the crypto market. ::) ::) ::)
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Let's see what effect that will have on crypto prices.
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Let's see what effect that will have on crypto prices.
It may lead to a drop in Bitcoin price, but I think it is just a moment. Crypto and Bitcoin price don't depend on Trump's opinion or USA regulation, they are decentralized and purely determined by supply-demand on market. Even the news will bring impacts, it must be a temporary impact.
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Haha, I just want to laugh at those words and I'm just used to saying that there is no use for Bitcoin.
Trump is supportive or not up to them because Bitcoin will remain as it is now going up and down its price without being dammed by strange people like Trump!
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Of course he will say that. Governments will always be against bitcoin and other crypto currencies, then they will release their own blockchain solutions and say "It is the best thing ever". All they want is some regulation and control, which is not possible on bitcoin but will be possible with government coins.
If he says something it does not mean that he thinks the same. Donald Trump may be a hidden BTC holder, and being the USA official leader, he simply has to support their national currency, dollars.
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If he says something it does not mean that he thinks the same. Donald Trump may be a hidden BTC holder
It could be. Being the savvy businesman that he is, there could be someone in the family slowly stacking up on bitcoin. He may change his tune after his term as the POTUS is over. I can only imagine the effect if reverses his opinion by that time.
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Donald Trump may be a hidden BTC holder, and being the USA official leader, he simply has to support their national currency, dollars.
Yes, you are right. At least, he doesn't say to destroy BTC. I can understand if he prefers to support USD as a president of USA. We cannot conclude that he is a hater of Bitcoin based on the statement only. Sometimes, it is not impossible for a surprising thing.
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Donald Trump may be a hidden BTC holder, and being the USA official leader, he simply has to support their national currency, dollars.
Yes, you are right. At least, he doesn't say to destroy BTC. I can understand if he prefers to support USD as a president of USA. We cannot conclude that he is a hater of Bitcoin based on the statement only. Sometimes, it is not impossible for a surprising thing.
Yup agree on you, but because of what he said, it affected the market and most of the cryptocurrenies suddenly fall back because of this statement, but its okay, not everyone really trust the crpytocurrencies because they are still scared about this because it may affect the whole world.
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I think he is afraid that Bitcoin will dominate the World, and of course this will affect the dollar, which in fact is the currency that is used as a benchmark by Fiat currencies throughout the World. And we need to remember, without them Bitcoin can develop very broadly.
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One thing I will say is that Trump is speaking as a president, talking for the safety of his people and his financial Regime. So, I don't see this affecting bitcoin, lots of words and articles of this nature has come before to tarnish the image of bitcoin, and this one in particular is not to tarnish the image of bitcoin but to tell his people that he is not in support of it as a President which he is now.
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As we know, the state has no control over cryptocurrencies. Maybe this is exactly what many politicians and countries as a whole do not like. So many people speak negatively.
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Trump is the president of the United States, he represents the US government, and of course believes in power of the dollar. Accepting BTC or any cryptocurrencies is limiting the influence of fiat, and of course America's power on a global scale.
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No wonder he's not a btc fan. He's old-school, old-school like most American millionaires and billionaires. They grew up on the idea that the dollar is the only constant and strong currency. Actually, they bundled up their fortune with dollars. That is why they are not fans of anything other than the dollar