Trump makes his first bitcoin transaction

[joniboini]

However, his cryptocurrency related activities after he won the election will give an indication of how bullish the post election crypto market is going to be in the future.

I mean you can say the same thing about Kamala, even if she doesn't explicitly state what her stance toward crypto is. I spent some time browsing around Reddit and other social media about his activity, and the general consensus seems to be that people don't feel confident that Trump is going to pump the market even if he wins the election. Pretty sure you can read the same sentiment on this thread, which is understandable considering how Trump doesn't understand much about crypto.

[Freemind]

I mean you can say the same thing about Kamala, even if she doesn't explicitly state what her stance toward crypto is. I spent some time browsing around Reddit and other social media about his activity, and the general consensus seems to be that people don't feel confident that Trump is going to pump the market even if he wins the election. Pretty sure you can read the same sentiment on this thread, which is understandable considering how Trump doesn't understand much about crypto.

Trump, like 99% of politicians, doesn't know much about anything, that's why he has hundreds of advisors constantly advising him, exactly the same can be said about Kamala Harris. Remember that politicians lie a lot, but they lie more in election campaigns that can put them in a position of greater power than others. Personally, I don't believe Trump's words about cryptocurrencies, and I probably won't believe Harris's words either if she ever talks about this industry. Attracting the largest number of votes is the only goal, what happens next will probably be the complete opposite of what they promised during the election campaign or something not at all like that.

[Crypto Library]

I mean you can say the same thing about Kamala, even if she doesn't explicitly state what her stance toward crypto is. I spent some time browsing around Reddit and other social media about his activity, and the general consensus seems to be that people don't feel confident that Trump is going to pump the market even if he wins the election. Pretty sure you can read the same sentiment on this thread, which is understandable considering how Trump doesn't understand much about crypto.

I don't know how others peoples do thinking about trump but I think the activity he is doing for cryptocurrency or with cryptocurrency who are only show off on the purpose of seeking some attention from the crypto ethustian peoples may get more votes for that. 

Besides I don't think there is any other reason behind it. Because even before when he was president, he made various kinds of insults about crypto currency, how did that person suddenly change, only during the election, this question will always remain in my mind.

[kai]

The former us president just made his first bitcoin transaction to buy some hamburgers.
https://cryptonews.com/news/trump-makes-first-bitcoin-purchase-at-nyc-crypto-bar/
I think this has a strong symbolism, a former US president and possible the next one is "using bitcoin"

What are your thoughts? Bullish?

An American president buys Hamburgers using Bitcoin, this looks like an image but on the one hand this is like a marketing technique from Donald Trump to attract votes to support him later when he is re-elected as President. But on the one hand, in my opinion, Donald Trump is very supportive of the cryptocurrency community so that he immediately became a Bitcoin advertising star to buy Hamburgers, this is beyond my expectations so far regarding Donald Trump's assessment.

[NicNacCoin]

The former us president just made his first bitcoin transaction to buy some hamburgers.

https://cryptonews.com/news/trump-makes-first-bitcoin-purchase-at-nyc-crypto-bar/

I think this has a strong symbolism, a former US president and possible the next one is "using bitcoin"

What are your thoughts? Bullish?

The Bitcoin market may get a bit boosted by the former president's Bitcoin trade but I can't say whether the market will be bullish on the trade. Also we are seeing a bull run very soon and since Donald Trump is supporting Bitcoin the market will surely rise. However, this time Donald Trump's support for Bitcoin has increased his popularity as well as Bitcoin's popularity is very good. I think people have made him more popular based on his support for Bitcoin. With that, we all expect a positive future for Bitcoin.

[doc]

The former us president just made his first bitcoin transaction to buy some hamburgers.

https://cryptonews.com/news/trump-makes-first-bitcoin-purchase-at-nyc-crypto-bar/

I think this has a strong symbolism, a former US president and possible the next one is "using bitcoin"

What are your thoughts? Bullish?

The Bitcoin market may get a bit boosted by the former president's Bitcoin trade but I can't say whether the market will be bullish on the trade. Also we are seeing a bull run very soon and since Donald Trump is supporting Bitcoin the market will surely rise. However, this time Donald Trump's support for Bitcoin has increased his popularity as well as Bitcoin's popularity is very good. I think people have made him more popular based on his support for Bitcoin. With that, we all expect a positive future for Bitcoin.

What Trump did, transacting with bitcoin boosted the price of bitcoin but it was only temporary because the market will still follow the laws of the market. because the main factors that determine the price are demand and supply, good and bad news are just supporters. We see now the price of bitcoin is down again, because investors are still waiting.

[Cantsay]

What Trump did, transacting with bitcoin boosted the price of bitcoin but it was only temporary because the market will still follow the laws of the market. because the main factors that determine the price are demand and supply, good and bad news are just supporters. We see now the price of bitcoin is down again, because investors are still waiting.

The reason why it didn’t have that much impact on the price and the slight increase it caused has dropped back, was because people already knew that the transaction was for political purposes and not due to his genuine interest in bitcoin.

If after he wins the election (if he turns out in his favor) he goes to a store and then uses bitcoin to pay for something while being the president or president elect then we’d know that he’s doing it genuinely and that will have a better impact on the market than what he just did in that bar.

[erus]

What Trump did, transacting with bitcoin boosted the price of bitcoin but it was only temporary because the market will still follow the laws of the market. because the main factors that determine the price are demand and supply, good and bad news are just supporters. We see now the price of bitcoin is down again, because investors are still waiting.

~snip~
because people already knew that the transaction was for political purposes and not due to his genuine interest in bitcoin.
~snip~

Oh my God, I don't think there because I was originally not someone who likes politics or I am also not from a political family. What you answer is also very reasonable because Trump bought a Burger with Bitcoin only for political purposes where now is the position of the president campaign.
If only one day Bitcoin was used again by Trump to buy food or pay for his car park after becoming a president then it would definitely make bitcoin more famous among the US or the world.

[Cantsay]

What you answer is also very reasonable because Trump bought a Burger with Bitcoin only for political purposes where now is the position of the president campaign.

It’s not that hard to decipher - both Trump and Trump Jr have been known to be fans of meme coins, promoting their own - so if they should win the election it’s most likely that they’ll push their own meme coin (since it will be centralized) and not bitcoin, this little show they just displayed was to try and gain the support of the crypto community most especially the bitcoin community.

If only one day Bitcoin was used again by Trump to buy food or pay for his car park after becoming a president then it would definitely make bitcoin more famous among the US or the world.

If he openly shows support after the election then there will be a significant increase in the price of bitcoin although, bitcoin is already known across US already him using it won’t help in the popularity though.

[Gurujebs]

What Trump did, transacting with bitcoin boosted the price of bitcoin but it was only temporary because the market will still follow the laws of the market. because the main factors that determine the price are demand and supply, good and bad news are just supporters. We see now the price of bitcoin is down again, because investors are still waiting.

I'm not sure only laws of demand and supply determine the price of the Bitcoin, if it really does I believe by now Bitcoin price is going to be way above $1m but it's this news that makes it more demanding. What Trump did was that he was trying to make Bitcoin popular for people due to his influence but we know he is doing it because of his election awareness.

Bitcoin couldn't move very well because it's already near the all time high, so if Bitcoin was to go above that price, it means we really need something more than the news he is bringing because right now, that is already known to the people that he is doing it for the election. Maybe if he later win the election, Bitcoin will move very well.

[erus]

What you answer is also very reasonable because Trump bought a Burger with Bitcoin only for political purposes where now is the position of the president campaign.

It’s not that hard to decipher - both Trump and Trump Jr have been known to be fans of meme coins, promoting their own - so if they should win the election it’s most likely that they’ll push their own meme coin (since it will be centralized) and not bitcoin, this little show they just displayed was to try and gain the support of the crypto community most especially the bitcoin community.

Oh yes, this is absolutely true because Trump is definitely a very rich man and for crypto this is just a small show that he uses to attract votes in the presidential campaign election.

If he openly shows support after the election then there will be a significant increase in the price of bitcoin although, bitcoin is already known across US already him using it won’t help in the popularity though.

For the price of Bitcoin, we can't guess because maybe after the election is over, the price of Bitcoin could go down and of course everything will also change to go up. Bitcoin is unpredictable.

[Captain Corporate]

Wish he did, but if you watched the video, he did basically nothing. Its still a good approval to bitcoin by a former president so there is nothing wrong with that at all. But lets be honest here, he did absolutely nothing lol. Someone was waiting for him with the payment and the phone, they gave the phone to his hands to scan the QR code and he didn't even manage to do that lol, then they took over from him and did it themselves and called it bitcoin transaction by trump. I am not saying he didn't pay for it, maybe that was his, who knows, but he did nothing there which is damn sure.

[Cantsay]

Wish he did, but if you watched the video, he did basically nothing. Its still a good approval to bitcoin by a former president so there is nothing wrong with that at all. But lets be honest here, he did absolutely nothing lol. Someone was waiting for him with the payment and the phone, they gave the phone to his hands to scan the QR code and he didn't even manage to do that lol, then they took over from him and did it themselves and called it bitcoin transaction by trump. I am not saying he didn't pay for it, maybe that was his, who knows, but he did nothing there which is damn sure.

lol, I just went back to watch the video after reading your post and it was so hilarious putting your words into context.

Dude was just looking like someone who hasn’t even operated a mobile phone before and when everything was done he said “you know what that means?” As if he’ll be able to send it himself if there’s no body to assist him with the transaction. 

[babo]

Wish he did, but if you watched the video, he did basically nothing. Its still a good approval to bitcoin by a former president so there is nothing wrong with that at all. But lets be honest here, he did absolutely nothing lol. Someone was waiting for him with the payment and the phone, they gave the phone to his hands to scan the QR code and he didn't even manage to do that lol, then they took over from him and did it themselves and called it bitcoin transaction by trump. I am not saying he didn't pay for it, maybe that was his, who knows, but he did nothing there which is damn sure.

It doesn't matter, even if he didn't do anything
he spoke and said he used bitcoin, that's enough
Even if he hadn't actually used it, it's like a Super Bowl advert for bitcoin.. regardless of whether he wins or not, the damage has already been done
people know Trump used bitcoin


that's enough for me personally

[rizqillah]

Wish he did, but if you watched the video, he did basically nothing. Its still a good approval to bitcoin by a former president so there is nothing wrong with that at all. But lets be honest here, he did absolutely nothing lol. Someone was waiting for him with the payment and the phone, they gave the phone to his hands to scan the QR code and he didn't even manage to do that lol, then they took over from him and did it themselves and called it bitcoin transaction by trump. I am not saying he didn't pay for it, maybe that was his, who knows, but he did nothing there which is damn sure.

It doesn't matter, even if he didn't do anything
he spoke and said he used bitcoin, that's enough
Even if he hadn't actually used it, it's like a Super Bowl advert for bitcoin.. regardless of whether he wins or not, the damage has already been done
people know Trump used bitcoin


that's enough for me personally

Trump may not be able to use a mobile phone properly or transact with bitcoin but just saying I am transacting with bitcoin has already had a positive impact on the market. because famous people like trump will have a big influence, even though we don't know whether trump will win the US election this time?