Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bayu7adi on February 03, 2025, 04:52:26 AM
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As the current US President who is quite vocal about cryptocurrency, of course, it makes some crypto communities feel confident in the existence of cryptocurrency, including BTC...
During his campaign, it seemed that Trump really gave great hope, and indeed it was proven by the firing of Gensler on his first day in office... we all know that Gensler is quite strict in bringing the SEC to limit BTC...
However, Trump also released MEME COIN which was never expected before... it was really an unexpected step and even caused a lot of pros and cons....
So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.
This topic was created with reference to one of the topics on btt, (https://bitcointalk.org/index.php?topic=5528620.0) I added some other points that came to my mind.
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As the current US President who is quite vocal about cryptocurrency, of course, it makes some crypto communities feel confident in the existence of cryptocurrency, including BTC...
During his campaign, it seemed that Trump really gave great hope, and indeed it was proven by the firing of Gensler on his first day in office... we all know that Gensler is quite strict in bringing the SEC to limit BTC...
However, Trump also released MEME COIN which was never expected before... it was really an unexpected step and even caused a lot of pros and cons....
So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.
This topic was created with reference to one of the topics on btt, (https://bitcointalk.org/index.php?topic=5528620.0) I added some other points that came to my mind.
give him time. the musky trumpeter’s going to this his thing.
we will know how good or bad he is by the summer.
either 50k or 200k on july 3d
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However, Trump also released MEME COIN which was never expected before... it was really an unexpected step and even caused a lot of pros and cons....
i don’t think that affected bitcoin too much though?it pumped and dumped and het bitcoin still stands strong it’s below 100k again but i do not think it will be for long
So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.
no one knows what the future holds but from the past months we know that trump has brought positive changes to usa and by extension to bitcoin as well during the election it was such a thrill to see bitcoin go higher and higher
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He is just another politician, we can't trust them forever because they can flip at any moment but as of now he is bringing positive effect on crypto by making some policies that helps the adoption of cryptocurrency and not to forget his own memecoin so he may not do anything stupid in the short term especially until his coin reaches zero.
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We all know that being the president of a big and influential country in the world with a lot of people who are involved in the cryptocurrency community has an impact. The positive or negative would be somewhat dependent on the thing being studied. Is it just the price? Or the amount of applications in real world things should be considered. It could be positive or negative in different aspects. We need to be clearer on that.
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We all know that being the president of a big and influential country in the world with a lot of people who are involved in the cryptocurrency community has an impact. The positive or negative would be somewhat dependent on the thing being studied. Is it just the price? Or the amount of applications in real world things should be considered. It could be positive or negative in different aspects. We need to be clearer on that.
Yeah I agree and because Trump is influencial therefore big time investors will take a ride on the hype that the pro-crypto or Bitcoin to be more specific administration is pushing during his candidacy which was I think slowly been realized and put into action sibce the time tooks office as we all know he also launched his official memecoin so maybe we will see much more influence of Trump in the Bitcoin industry and I think we might see positive impact within his term.
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He is just another politician, we can't trust them forever because they can flip at any moment but as of now he is bringing positive effect on crypto by making some policies that helps the adoption of cryptocurrency and not to forget his own memecoin so he may not do anything stupid in the short term especially until his coin reaches zero.
I believe we know how this things work. Creating a reserve isn't something he can achieve a night if he really has an interest in doing it. There is definitely going to be a new law that recognizes crypto and guidelines about Bitcoin, there is going to be a law that will be pass and that's not in his command but the house, he can't unless they agree to it.
Another thing is that if the house wouldn't benefits from this Bitcoin thingy, there is high chance of rejections. Not only that, I see this Bitcoin reserve as impossible but nothing is entirely impossible. We will wait and see times they have tried it.
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During Trump's campaign as US president, so many of us would say Trump was quite vocal about Bitcoin. Seeing how he didn't mention Bitcoin in his opening remarks as US president, and had his own memecoins launch afterward shows that the fate of Bitcoin for this year and always is not going to be up on him for it to soar because bitcoin is one of the fewer problems he thinks of as the president of US. There are pressing issues like resolving the war between Russia and Ukraine and taking America to her greatest heights as a world power
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During Trump's campaign as US president, so many of us would say Trump was quite vocal about Bitcoin. Seeing how he didn't mention Bitcoin in his opening remarks as US president, and had his own memecoins launch afterward shows that the fate of Bitcoin for this year and always is not going to be up on him for it to soar because bitcoin is one of the fewer problems he thinks of as the president of US. There are pressing issues like resolving the war between Russia and Ukraine and taking America to her greatest heights as a world power
What happened was just like a mirage, where if staying from afar you would think immediately he enters seat automatically bitcon price would soar, but as he gets closer the clearer you see that what you have been looking at doesn't work that way we think. So Yes you are, he may have other importance but I just sees his strategies as a political propaganda just for him to gain back access to the presidential seat.
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Too much power in the hands of an unstable man is never a good thing. Trump is certainly unpredictable and unstable.
The more confident he is in his power, the more he will abuse it. He has only been in the presidency for two weeks, and we already have two negative effects related to his decisions and ideas.
Bitcoin Drops 21% as Trump’s Tariffs Shake Global Markets (https://365crypto.org/blog/2025/02/03/bitcoin-drops-21-as-trumps-tariffs-shake-global-markets/)
give him time. the musky trumpeter’s going to this his thing.
we will know how good or bad he is by the summer.
either 50k or 200k on july 3d
The USA is a rich country, and you can endure some failures for a long time, certainly, Trump and his administration will not bear the consequences, that will come years after them.
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We have to give credit where it is due and there has never been any question that for the past many months Trump has been a good force for Bitcoin and the rest of the cryptocurrency industry. I am sure that Bitcoin would not be in the $100K zone right now had it not been for his support. And to think that he has been in the White House just for 2 weeks...so we can expect more things to come for the industry coming from the people who are in the same line with Trump on crypto and if ever the plan to include BTC and other coins in the Federal Reserve coming true that would be a blast...and I see some news that other countries and big entities are also planning to do the same thing.
Now, in recent days, Bitcoin retreated big all because of the concern on the tariffs to be imposed on Canada and Mexico as they feared that the move would actually drive inflation back to the levels under the Biden administration...what they don't really see is that Trump is just using tariffs as a leverage for these two countries to do their duties and obligations in stopping flow of illegal drugs, illegal money and illegal aliens. After the drama, the good news is that both countries caved in and they are now working with Trump on this matter...and so Bitcoin is again back at $100K area.
In summary, people still do not understand how Trump works his way in getting what can be the best for USA. And so they easily jumped into conclusion and not giving this administration the time needed to fix things...so let's hope that the market is now learning a big lesson that can come handy for the next four years.
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Yeah, the official trump and also the melania meme was not necessary but I guess it's better than those fellow greedy anon devs using Trump's influence/popularity for their own benefit. Maybe he has plans for the gains from the sale of tokens that will be beneficial to some charitable organizations. For the impact, depends on who you're asking. I only see the effect on the price.
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It is hard to have a correct answer on the question. Trump has been 47th US president for less than a month so far, but cryptocurrency has a long lasting effect, or effect reveals with time. Right now we can give him a huge + for pushing BTC price up, when he won at the elections. We can give him a minor - for announcing new tariffs and crashing market these days. We can give him + for making a decision to form reserves in BTC. Give him + for decreasing power of SEC. But we can give him - because there are more talks about crypto than action right now. I think we can only evaluate his influence in few years, but not now.
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It is hard to have a correct answer on the question. Trump has been 47th US president for less than a month so far, but cryptocurrency has a long lasting effect, or effect reveals with time. Right now we can give him a huge + for pushing BTC price up, when he won at the elections. We can give him a minor - for announcing new tariffs and crashing market these days. We can give him + for making a decision to form reserves in BTC. Give him + for decreasing power of SEC. But we can give him - because there are more talks about crypto than action right now. I think we can only evaluate his influence in few years, but not now.
it varies to what happens to the market. when Trump trying to impose these tariffs to every country that import their products, everyone is also trying to retaliate like they want more from US even their close ally Canada fights back which made the markets red from stocks to crypto market.
since Trump is trying to back out of this mess he made, the market is also bouncing again. they found out this tariff war can be used to manipulate the market.
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It is hard to have a correct answer on the question. Trump has been 47th US president for less than a month so far, but cryptocurrency has a long lasting effect, or effect reveals with time. Right now we can give him a huge + for pushing BTC price up, when he won at the elections. We can give him a minor - for announcing new tariffs and crashing market these days. We can give him + for making a decision to form reserves in BTC. Give him + for decreasing power of SEC. But we can give him - because there are more talks about crypto than action right now. I think we can only evaluate his influence in few years, but not now.
it varies to what happens to the market. when Trump trying to impose these tariffs to every country that import their products, everyone is also trying to retaliate like they want more from US even their close ally Canada fights back which made the markets red from stocks to crypto market.
since Trump is trying to back out of this mess he made, the market is also bouncing again. they found out this tariff war can be used to manipulate the market.
I am not sure that Donald Trump tariffs hike between US and some countries has much impact on the crypto economy, I think there may be a political tones under it, though on the broder level, an economic trade war may impacts on everything including, consumer goods, stocks, commodity, FX markets etc.
in addition, there are also indication that the reason the market was red was due to heavy demands, a huge liquidity zone around $91k to $89k zone. If follow up the market closely, you might have observed that immediately bitcoin touched this zone, there was a quick recovery sharply to the resistance level at $102k. As at the time of writing, Bitcoin is hovering between $98k to $101k levels.
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The initial impact of Trump's election was favorable to bitcoin, making it rise in value, with the news of duties for the rest of the world, its value dropped by 19% but given his policy of openness towards cryptocurrencies in the long term it will not it could only benefit bitcoin both in terms of widespread knowledge and value
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The initial impact of Trump's election was favorable to bitcoin, making it rise in value, with the news of duties for the rest of the world, its value dropped by 19% but given his policy of openness towards cryptocurrencies in the long term it will not it could only benefit bitcoin both in terms of widespread knowledge and value
Even till now, he has a huge role playing in Bitcoin. With his pen and a paper, he can sign Bitcoin into law and makes congress people look into it which can make it bullish even though they tend to reject it and he can also reject Bitcoin and not make it waht people want, he has the power to do what he thinks but he will most likely not harm his power with Bitcoin.
We all have seen the drama that is happening in the west and middle east between Trump and other powerful countries, that's shows how he has the power to make Bitcoin go higher, atleast this will protect the market from selling off as usual even though we don't see Reserve soon.
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This is just the start of his new administration and we cannot fully predict on how this is going to be on a long term for the crypto industries, but base on what w e have been seeing so far, we should be more positive in expectations for more to come from Trump in favour of bitcoin and other cryptocurrencies, but its too early for us now to just jump into conclusion on the situation at hand.
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This is just the start of his new administration and we cannot fully predict on how this is going to be on a long term for the crypto industries, but base on what w e have been seeing so far, we should be more positive in expectations for more to come from Trump in favour of bitcoin and other cryptocurrencies, but its too early for us now to just jump into conclusion on the situation at hand.
Yep. It is still too early to assume everything will be better under Trump's administration. We don't really know what's the plans made by Trump. Since he is US president, he can easily change any regulation although it also needs the consent of other parties in the US government legislative structure. However, I'm starting to feel worried that crypto and Bitcoin industry looks like under Trump's hand. If he has bigger role, this industry is going to be like more centralized under Trump's hand. As a crypto enthusiast, I don't expect this situation to happen.
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As the current US President who is quite vocal about cryptocurrency, of course, it makes some crypto communities feel confident in the existence of cryptocurrency, including BTC...
During his campaign, it seemed that Trump really gave great hope, and indeed it was proven by the firing of Gensler on his first day in office... we all know that Gensler is quite strict in bringing the SEC to limit BTC...
I'm not much of a fan of politics but it's actually quite obvious that the period of the US election and campaigns including the inuguration of Trump, there was not just a pump in bitcoin's price rather a general pump in the whole crypto ecosystem and that was more like the very first drive to the current 100k we are actually floating.
Many other events also contributed to the current 100k price range bitcoin has been holding up for pretty much a while now especially sudden huge buys by some big firms and organisations like microstrategy.
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Yep. It is still too early to assume everything will be better under Trump's administration. We don't really know what's the plans made by Trump. Since he is US president, he can easily change any regulation although it also needs the consent of other parties in the US government legislative structure. However, I'm starting to feel worried that crypto and Bitcoin industry looks like under Trump's hand. If he has bigger role, this industry is going to be like more centralized under Trump's hand. As a crypto enthusiast, I don't expect this situation to happen.
That's what I mean, where Trump is like a double-edged sword... with his authority, the existence of cryptocurrency and blockchain technology can experience rapid growth, or it can also lead to faster destruction...
Making cryptocurrency controlled by Trump is indeed not a healthy thing to happen.. it will only benefit a few parties and the loss of justice for the cryptocurrency community... and I'm starting to think that in that direction (control of cryptocurrency by one hand of Trump) is very possible by looking at Trump's character and nature as a businessman...
I always hate other unthinkable bad possibilities regarding someone's power..
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This is just the start of his new administration and we cannot fully predict on how this is going to be on a long term for the crypto industries, but base on what w e have been seeing so far, we should be more positive in expectations for more to come from Trump in favour of bitcoin and other cryptocurrencies, but its too early for us now to just jump into conclusion on the situation at hand.
There is going to be different policies that will melt down the price Bitcoin and there are some that will make Bitcoin goes up as much as possible but all these policy on the long run are only short term especially the ones that will melt down the price, with time they will be like it never happened, only the diamond hands will enjoy the bull run with other people.
Trump has interest in Bitcoin but you know that implementation of Bitcoin alone isn't something that will come in handy and fast, it will take a lot of time some considerations before we see some good things about Bitcoin on the long run.
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As the current US President who is quite vocal about cryptocurrency, of course, it makes some crypto communities feel confident in the existence of cryptocurrency, including BTC...
During his campaign, it seemed that Trump really gave great hope, and indeed it was proven by the firing of Gensler on his first day in office... we all know that Gensler is quite strict in bringing the SEC to limit BTC...
However, Trump also released MEME COIN which was never expected before... it was really an unexpected step and even caused a lot of pros and cons....
So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.
This topic was created with reference to one of the topics on btt, (https://bitcointalk.org/index.php?topic=5528620.0) I added some other points that came to my mind.
In my opinion, i think everything about cryptocurrency and Donald Trump influence and his support is quit ok, though some people may argue that Donald Trump launching his meme coins may have some drawbacks on the crypto community but i think it has not in any way affected is plans at least, for now.
I think Donald Trump is serious about cryptocurrency developments, and adoptions in the US. I don't have any doubt in his capacity to turn things around for everyone.
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- Speaking of TRUMP meme coins, this is the meme coin I've seen with the highest value even though it's new to the crypto space.
But it's still hard to trust the truth.
Now, about the question, I see that this Trump still has some positive and negative things to do with bitcoin. It's just like the things he will do that can affect the price of Bitcoin in the market so that its price will fall.
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Trump has managed to create a huge amount of hype over Bitcoin. But it has played a very positive role for some who have been holding Bitcoin for a long time. But this played a negative role for those who invested in Bitcoin at high prices amid the hype. Donald Trump is the President of the United States so his actions can definitely have a positive impact on Bitcoin. And already we have noticed in the market how much the price of Bitcoin has gone up after Donald Trump's positive comments about Bitcoin. Alt season has not arrived as only Bitcoin price has risen by breaking the halving rules. And there is doubt whether the Alt season will come
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I think Donald Trump is serious about cryptocurrency developments, and adoptions in the US. I don't have any doubt in his capacity to turn things around for everyone.
It's better not to trust people easily... we can see the other side of them someday...
For the beginning of Trump's term, I see the government starting to focus on cryptocurrency regulations, especially Stable Coins, where Sacks has started to draft laws and regulations for the development of cryptocurrency in the US... that's a good step... we will be able to see the results no later than 100 days after Trump's inauguration...
The second focus is on Bitcoin reserves... this is interesting because it concerns Bitcoin... but this will only be followed up when the focus on stable coins is finished on Trump's desk...
It's actually still very early to make this topic, but of course we are all curious, whether Trump is really pro cryptocurrency, or just using cryptocurrency as a ladder to his goals. We don't know for sure yet.
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Ath was under Joe Biden so the musky trumpeter is clearly had a negative impact up to today
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During Trump's campaign as US president, so many of us would say Trump was quite vocal about Bitcoin. Seeing how he didn't mention Bitcoin in his opening remarks as US president, and had his own memecoins launch afterward shows that the fate of Bitcoin for this year and always is not going to be up on him for it to soar because bitcoin is one of the fewer problems he thinks of as the president of US. There are pressing issues like resolving the war between Russia and Ukraine and taking America to her greatest heights as a world power
I think that Donald Trump has spoken the most important aspect of his crypto plans, that is, the ten promises made on the crypto economy during his election campaign. A further speech about Bitcoin seems like repeating his plans before the audience on the inauguration day in my opinion.
However, as the President of a big Nation, there are other pressing issues that also requires attentions, the crypto economy can be revisited on his less busy schedule, and i think he will not abandon his plans.
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- With what Trump is doing, he can be both positive and negative for bitcoin, didn't he recently manage to bring down the price of bitcoin because of his announcement about the Tariff he made on Mexico, Canada and China.
Then before the counting of the election that ended recently, there was a rally in Bitcoin and then a retracement followed. So that means Trump can be both
positive and negative.
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- With what Trump is doing, he can be both positive and negative for bitcoin, didn't he recently manage to bring down the price of bitcoin because of his announcement about the Tariff he made on Mexico, Canada and China.
I think this is basically part of the reasons why it may be a little difficult to actually just state that Trump is a core supporter of Bitcoin that's because it will be very possible that his moves may not be as a result of being a core supporter or enthusiast rather it could be as a result of Bitcoin being a profitable asset to hold.
Come to think about it what are actually the odds that a non bitcoin supporter would buy the idea that's Trump is a bitcoin enthusiast. Different people have their views about enthusiasm and it can be bias if politics is involved.
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However, Trump also released MEME COIN which was never expected before... it was really an unexpected step and even caused a lot of pros and cons....
So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.
We must remember, Trump started as a businessman before he became a politician. So if he and his advisers saw an opportunity to make profit from cryptocurrency, he would do so because he is fully aware that many are going to make profit from his support of cryptocurrency.
Trump is unpredictable, so expect decisions that will not benefit the cryptocurrency community, even the scenario where he will stop supporting Bitcoin.
But so far he has done great for the industry, but the risks are still there. I will not put all my trust in Trump; we never know what course of action he will take in the future; just be ready to take action that will benefit your investment.
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One more + in Trumps favor. When Bitcoin reached its previous ATH in 2021, within a month it has lost $20k in value. BTC only touched new height, and then fall down. Right now, when Trump election pushed price up, it keeps on staying around $100k. There are no jumps to $70-80k. I think with Trump arrival, BTC has reached new default price level. Notice how since beginning of November and his victory on election, price never goes below $90k.
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He has both, in my opinion.
After all, he is not looking for BTC as the only option for the US to strife forward crypto-wise.
So he would go for other roads too, starting from his own coin, for example..
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Trump can't be trusted any more than Biden. Politicians change their policy every day so we shouldn't believe the things they're saying about crypto but we can feel confident crypto isn't going to be made illegal.
As the current US President who is quite vocal about cryptocurrency, of course, it makes some crypto communities feel confident in the existence of cryptocurrency, including BTC...
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One more + in Trumps favor. When Bitcoin reached its previous ATH in 2021, within a month it has lost $20k in value. BTC only touched new height, and then fall down. Right now, when Trump election pushed price up, it keeps on staying around $100k. There are no jumps to $70-80k. I think with Trump arrival, BTC has reached new default price level. Notice how since beginning of November and his victory on election, price never goes below $90k.
Do you really think the most important thing about Bitcoin is when it reaches ATH?
The bear market has not arrived yet and it is difficult to predict what the lower line of resistance will be.
Trump has extracted billions from the crypto market through his tokens, do you think that is a positive thing?
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One more + in Trumps favor. When Bitcoin reached its previous ATH in 2021, within a month it has lost $20k in value. BTC only touched new height, and then fall down. Right now, when Trump election pushed price up, it keeps on staying around $100k. There are no jumps to $70-80k. I think with Trump arrival, BTC has reached new default price level. Notice how since beginning of November and his victory on election, price never goes below $90k.
Like it or not, this has an impact, because as you said, the increase in bitcoin and its price is stable and has not fallen significantly because one of the reasons is that Trump once said something about bitcoin.
In fact, just before his inauguration, there were many people who said about the future of bitcoin and related to the inauguration. This is a fundamental that has always existed in bitcoin.
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So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.
Trump is the most crypto-friendly president of USA and we are talking about if he have positive plans for crypto I mean he definitely have positive plan for crypto and we can easily see them like how he completed his promises.
Now, speaking of his meme coin I believe he made a mistake by launching that coin now, because he should have made a big thing of it too before launching it but he was waiting for inauguration I believe to release that coin, he should have made it even a big thing before the inauguration as well because once it becomes the big thing it will attract more investors then it did now. But still, it did a great job, for many it was a element of surprise but for me it was not haha.
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He did promise to make US as the crypto capital of the world and he received millions of donations from crypto industry.
I think it's one of the reasons why so many people suddenly became interested in crypto.
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Certainly, there is a huge positive impact from Trump and his campaign promises, some of which he actually implemented as soon as he took office, and we expect more during his term, which I expect will be positive for Bitcoin in general.
On the other hand, there is a negative aspect by allowing anyone to create their own meme and flood the market, such as the meme of Trump, his wife, Elon Musk's father, and many others. All of these memes draw real liquidity from the market and give a very bad reputation to crypto.
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He did promise to make US as the crypto capital of the world and he received millions of donations from crypto industry.
I think it's one of the reasons why so many people suddenly became interested in crypto.
He received donations and then he decided to launch meme coin again, isn't that concerning? Lol. Forget about the donation aspect, when you promised people that you are going to do something they want, trust me the same expectations will be very high, that was what he did and that's what everyone want to see, the expectations are high right now.
As I do tell people, it's too early to drag him now, there is more time to drag him and beside, I don't think he is going to change his mind, it is going to affect him in the future and whatever he says becomes a lie and I'm sure he doesn't want that to happen.
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Certainly, there is a huge positive impact from Trump and his campaign promises, some of which he actually implemented as soon as he took office, and we expect more during his term, which I expect will be positive for Bitcoin in general.
On the other hand, there is a negative aspect by allowing anyone to create their own meme and flood the market, such as the meme of Trump, his wife, Elon Musk's father, and many others. All of these memes draw real liquidity from the market and give a very bad reputation to crypto.
I don't think memecoins are Trump issue, because he can do anything that the law doesn't prohibit, including creating NFTs and memecoins. Many people have openly criticized Trump, but no one has enough evidence to charge Trump in court.
Trump has fulfilled his campaign promises, but it seems that these actions have not been enough to satisfy investors. Their high expectations have only led to disappointment and frustration. The ongoing trade war is having a negative impact on the economy, and crypto has to suffer from the bad effects too, but I believe that somehow the market will continue to grow and explode this year, just like the "habit" of the financial market.
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Certainly, there is a huge positive impact from Trump and his campaign promises, some of which he actually implemented as soon as he took office, and we expect more during his term, which I expect will be positive for Bitcoin in general.
On the other hand, there is a negative aspect by allowing anyone to create their own meme and flood the market, such as the meme of Trump, his wife, Elon Musk's father, and many others. All of these memes draw real liquidity from the market and give a very bad reputation to crypto.
I also hope that after taking office, Trump can make good policies that will have a positive impact on the crypto market.
The phenomenon that we saw at the beginning of his term was the hype meme coin with the name Trump, Melania, etc.
I agree with you, I am not a fan of meme coins because the project is not very useful in the crypto world because it only relies on hype.
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His effect was during his election campaign. The day of his inauguration, TRUMP coin which was not expected came forth with huge effect in the crypto currency industry, not in Bitcoin to be specific. His influence has impact and it will show in time as we wait for him to turn to the crypto industry. I'm sure he will keep to his words of support to the crypto community.
He has more pressing things at hand to settle, he will keep to his supportive words to the industry which I am sure he will accomplish at the right time.
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One more + in Trumps favor. When Bitcoin reached its previous ATH in 2021, within a month it has lost $20k in value. BTC only touched new height, and then fall down. Right now, when Trump election pushed price up, it keeps on staying around $100k. There are no jumps to $70-80k. I think with Trump arrival, BTC has reached new default price level. Notice how since beginning of November and his victory on election, price never goes below $90k.
Exactly, in November, before the presidential election, the price of BTC was still not too significant in its increase. However, once there was an event related to Trump's election, the price of BTC immediately skyrocketed, printing a new ATH and even racing very fast to reach more than $100k, Then, even now the ATH is already at $109,114.
Although it is true that currently there is a fairly deep market correction and makes the price of BTC drop very drastically. it's just that it is still around $95k. yes, just be patient with the market and hope that there will be several more increases until a new ATH really occurs as expected. And Trump here is one of the triggers that does have an influence.
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Does it really matter? BTC is decentralized and if you are observant you'll know that there is a kind of support we cannot get from a centralized institution, but that is what some people are looking for. Trump and his wife already created meme coins this year to make money for themselves, i will recommend that bitcoiners should not put too much thoughts into what a politician does or say they'll do.
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the musky trumpeter has dropped btc from 109k to 95k
he is pretty much a garbage bilgy loser when it comes to Joe Biden and BTC.
also he is a loser when it comes to Joe Biden and elections
0 for 2
Just calling them like I see them.
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Certainly, there is a huge positive impact from Trump and his campaign promises, some of which he actually implemented as soon as he took office, and we expect more during his term, which I expect will be positive for Bitcoin in general.
On the other hand, there is a negative aspect by allowing anyone to create their own meme and flood the market, such as the meme of Trump, his wife, Elon Musk's father, and many others. All of these memes draw real liquidity from the market and give a very bad reputation to crypto.
I don't think memecoins are Trump issue, because he can do anything that the law doesn't prohibit, including creating NFTs and memecoins. Many people have openly criticized Trump, but no one has enough evidence to charge Trump in court.
Trump has fulfilled his campaign promises, but it seems that these actions have not been enough to satisfy investors. Their high expectations have only led to disappointment and frustration. The ongoing trade war is having a negative impact on the economy, and crypto has to suffer from the bad effects too, but I believe that somehow the market will continue to grow and explode this year, just like the "habit" of the financial market.
Memecoins are definitely not Trump's issue or responsibility, as they existed long before he took office, but he may have an indirect responsibility because he encouraged it in one way or another through the Trump and Melania meme.
This move will encourage many people to make their own memes because they will simply say if the president and his wife did it, why not us?
Of course, I am not blaming Trump, but I am saying that perhaps stricter controls can be put in place to prevent people's money from being stolen and the market from being drained by fake memes.
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He did promise to make US as the crypto capital of the world and he received millions of donations from crypto industry.
I think it's one of the reasons why so many people suddenly became interested in crypto.
When you want your next leader to be a crypto-friendly one, you really will donate some from him to show your support and so that he will fulfill his promises once he wins.
Sure, he made some promises, but I doubt if he will fulfill it all. Well, he fulfilled some like becoming a crypto-friendly president, letting Ross free, firing Gary Gensler, and many more. Many of us are waiting for his promises that relates to crypto to get fulfilled. He really had a positive impact towards Bitcoin, but his recent moves towards other countries had some negative effect to the market as well.
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This move will encourage many people to make their own memes because they will simply say if the president and his wife did it, why not us?
Yeah, i have also said the same thing before, i know that nothing will stop people from buying meme coins and risking their money, but i don't think the president and the first lady should be involved in such a thing. It sets the wrong example and it could lead to a lot of scam happening through meme coins, with scammers creating them more often.
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This move will encourage many people to make their own memes because they will simply say if the president and his wife did it, why not us?
Yeah, i have also said the same thing before, i know that nothing will stop people from buying meme coins and risking their money, but i don't think the president and the first lady should be involved in such a thing. It sets the wrong example and it could lead to a lot of scam happening through meme coins, with scammers creating them more often.
I also regret this, because suddenly I saw the Trump and Melania meme coins go up high and now we see the two coins seem to have difficulty going back up. Let's imagine how many people are trapped there because they bought when these coins went up high and didn't have time to sell when the price went down.
I didn't invest in these two coins and feel grateful that I didn't buy when the price was high
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I also regret this, because suddenly I saw the Trump and Melania meme coins go up high and now we see the two coins seem to have difficulty going back up. Let's imagine how many people are trapped there because they bought when these coins went up high and didn't have time to sell when the price went down.
I didn't invest in these two coins and feel grateful that I didn't buy when the price was high
Again, meme coins promoted by famous public figures, especially top global figures, are very easy to make people believe. In fact, no matter what it is, meme coins have their moment. If it has passed its ATH, it will be very difficult for the price to rise again, especially if it is only based on someone's big name. It will be very difficult to rise again after a crash. Even now the rash is very high. Moreover, the price of the TRUMP Official meme coins is also very high, compared to other meme coins which are usually only $ 0, ....
But well, on the one hand, there are many people who take profits from these meme coins, and on the other hand, many people also lose. But, who benefits? Yes, the developer.
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I didn't invest in these two coins and feel grateful that I didn't buy when the price was high
There are those who have a different view concerning TRUMP, they made some good profit from it because they were not distracted by the hype. Everyone almost expected the coin to peak during Inauguration Day, but it did not go that way; rather, many people were caught up in the dip.
Trump on bitcoin, he has not had much effect on it since coming on, maybe some more time.
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This move will encourage many people to make their own memes because they will simply say if the president and his wife did it, why not us?
Yeah, i have also said the same thing before, i know that nothing will stop people from buying meme coins and risking their money, but i don't think the president and the first lady should be involved in such a thing. It sets the wrong example and it could lead to a lot of scam happening through meme coins, with scammers creating them more often.
I also regret this, because suddenly I saw the Trump and Melania meme coins go up high and now we see the two coins seem to have difficulty going back up. Let's imagine how many people are trapped there because they bought when these coins went up high and didn't have time to sell when the price went down.
I didn't invest in these two coins and feel grateful that I didn't buy when the price was high
Unfortunately Trump meme has caused huge losses for many people who bought at the top, it went up to $70 but now it is down to only about $17!!! This will be a disaster for some people who invested millions in this useless meme.
See this article:
Trump's digital currency from the moon to the bottom: The currency's price fell from $70 to $17 (https://www.binance.com/en/square/post/20000781812178)
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Unfortunately Trump meme has caused huge losses for many people who bought at the top, it went up to $70 but now it is down to only about $17!!! This will be a disaster for some people who invested millions in this useless meme.
See this article:
Trump's digital currency from the moon to the bottom: The currency's price fell from $70 to $17 (https://www.binance.com/en/square/post/20000781812178)
Isn't it true that meme coins have always had a pump and dump concept? It means that when there are meme coins that are currently hyped, you have to be careful when you want to buy them. You have to really think about whether they have experienced a very high increase. If so, it's better to just skip it and never invest in it.
But that's it, the problem is that there are many new people who appear and invest in this Trump meme coin because they trust the number 1 person in America. What else can you do, Trump's name is world-famous, so people think that it will definitely be very valuable and have the potential for continuous increase. Even though they don't understand the meme coin cycle, whatever it is, it will definitely pump and dump
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Well trump or as I call him the musky trumpeter has certainly had a negative effect since he was sworn in.
Ath of 109.2k was a few hours before he was sworn in.
We are now at 96 ot 97k.
So negative it is. Until it is not.
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Well trump or as I call him the musky trumpeter has certainly had a negative effect since he was sworn in.
Ath of 109.2k was a few hours before he was sworn in.
We are now at 96 ot 97k.
So negative it is. Until it is not.
He does lots of moves on the global stage that stress the economy and people's sentiment, so yeah - he is a wild card, not the one who would be eager to lose an opportunity to speculate and make profit ;)
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Isn't it true that meme coins have always had a pump and dump concept? It means that when there are meme coins that are currently hyped, you have to be careful when you want to buy them. You have to really think about whether they have experienced a very high increase. If so, it's better to just skip it and never invest in it.
But that's it, the problem is that there are many new people who appear and invest in this Trump meme coin because they trust the number 1 person in America. What else can you do, Trump's name is world-famous, so people think that it will definitely be very valuable and have the potential for continuous increase. Even though they don't understand the meme coin cycle, whatever it is, it will definitely pump and dump
Of course this is absolutely true, meme coins are pump and dump based this is known to everyone but despite that there are many beginners and greedy people who fall victim to this meme.
The main problem with the Trump meme is that as you mentioned they trust the number 1 person in America and the world as well, so they probably thought that the Trump meme would keep rising and rising and that it would remain around throughout Trump's presidency because it is the official Trump meme, but unfortunately the meme only lasted a few days.
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[snip...]
But that's it, the problem is that there are many new people who appear and invest in this Trump meme coin because they trust the number 1 person in America. What else can you do, Trump's name is world-famous, so people think that it will definitely be very valuable and have the potential for continuous increase. Even though they don't understand the meme coin cycle, whatever it is, it will definitely pump and dump
[snip...]
The main problem with the Trump meme is that as you mentioned they trust the number 1 person in America and the world as well, so they probably thought that the Trump meme would keep rising and rising and that it would remain around throughout Trump's presidency because it is the official Trump meme, but unfortunately the meme only lasted a few days.
Now the price is $15 down 80% from its ATH which was once at $70... I think many FOMO people bought it when the price was $40... yes many lost when they came too late....
Their hope is, hoping Trump will do something with his memecoin in the future, then there will be another wave of pumps that will make many people lucky... that's their hope, and the possibility of it happening is still very possible... we are aware that Trump's position is currently quite central in the world...
It could be that one of his crazy policies appears... and it is related to his memecoin... we don't know, and never expect something instant like that.
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I don't like Musk & Trump but can't understand why you're blaming btc dropping from 109k to 85k on them. It rose to all time high after Trumo was elected so why's he destroying crypto ?
the musky trumpeter has dropped btc from 109k to 95k
he is pretty much a garbage bilgy loser when it comes to Joe Biden and BTC.
also he is a loser when it comes to Joe Biden and elections
0 for 2
Just calling them like I see them.
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Even though they don't understand the meme coin cycle, whatever it is, it will definitely pump and dump
Of course this is absolutely true, meme coins are pump and dump based this is known to everyone but despite that there are many beginners and greedy people who fall victim to this meme.
Yes, that's why don't trust the buzzers from meme coins too much. It's actually a pity that most of the victims of meme coins are newcomers. But what can you do, those are all risks, it's just that sometimes newcomers don't understand the huge risks, because they only focus on the possibility of high gains as spread by the buzzers and supporters of the meme project.