Does Trump have a positive or negative impact on BTC?

[philipma1957]

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.

[yhiaali3]

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.

[LogitechMouse]

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.

[Z-tight]

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.

[dekafee79]

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

[sampoerna]

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.

[Rruchi man]

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.

[yhiaali3]

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

[vegasus]

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

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

[philipma1957]

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.

[omori]

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 

[yhiaali3]

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.

[bayu7adi]

[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.

[arabspaceship123]

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.

[vegasus]

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.