Bitcoin and $trump: Where will Trump priority be in the future. - page 2.

Furious 7

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Quote from: Familian on January 19, 2025, 04:49:52 PM

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

Why take it so seriously that Trump can bring change to bitcoin? Indeed, the effect produced earlier when Trump was always active in providing different views in his pre-election promise about bitcoin made the market volatile but that does not mean Trump can control and make it seem as if bitcoin can be influenced by him because all will be the same where bitcoin cannot be intervened by anyone including Trump.

To be honest with this understanding where Trump is always considered as the bearer of bitcoin to the price of $100k is an exaggeration for me because after all even though it cannot be denied that Trump took a little part in this but his presence on bitcoin is actually not that influential so why think about Trump's words because in the end bitcoin will always be on its own path especially when talking about the future.

moneystery

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Quote from: PrivacyG on January 22, 2025, 09:26:20 PM

Gambling.

Purchase the hype, hold on to it, hope it does not end before you are out, dump your hype onto others while you can and watch their lives burn away and get wrecked. This is why I have little respect to most of these Shit Coins. What people are doing is exactly this. Buy, hope, dump, watch. In my eyes, it looks almost like being the complice to a Crime.
....

agree with what you said that people who buy memecoin are actually just gambling their money and see if they can get big profit from it. these people do not care how the token is developed, what is important to them is how they can profit and sell faster than others. seeing this it is clear that memecoin like $trump, $melania, and many other shitcoins are just gambling for the majority of its holders... this is not an investment like bitcoin.

ChiBitCTy

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Him releasing this Trump coins is an absolute joke. I saw an interview with him a couple days ago where he essentially played dumb saying he had no idea where it was at and how much money his coins had gained over the course of a few from launch. I mean the guy launches a completely worthless shitcoin , which is AFTER he announced the launch of an exchange which would be used for DeFi projects, all of which are virtually scams.

I can see bitcoin just having been an "in" for all his crypto bs, and him turning from it and turning to nonsense like his token or Ripple etc.

?

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Bitcoin is a currency or money that cannot be easily changed! This Bitcoin exists in almost all countries, starting from the Western world! These will not easily change Trump! And even if he does, it seems that he will only do it in America! But since we have not received any confirmation or he has not said anything about it, we should not make predictions! But I believe he will give importance to this Bitcoin.

Franctoshi

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Quote from: Z-tight on January 23, 2025, 09:08:07 AM

Quote from: PrivacyG on January 22, 2025, 09:26:20 PM

This is why I have little respect to most of these Shit Coins. What people are doing is exactly this. Buy, hope, dump, watch. In my eyes, it looks almost like being the complice to a Crime.

I do not like shitcoins and i don't even go near it, neither do i like those who create it to enrich themselves. However, i would not blame people who buy such coins, get out quickly and dump it on those coming behind. People should know the risks with shit meme coins like this before buying it, but most of them are simply blinded by greed, so they rush in and what they are left holding is dumped and useless coins, i believe they can have nobody to blame but themselves.

The urge to catch up the short-term gains of this pumping memes is what that is enticing the buyers of these meme coins, whereas the coins lack real-world value. This pumps and dump on late buyers are not only meant to exploit the newbies investors but also it a tactical way to trap both experience investors who are driven by greed and FOMO. The problem is that most of these investors don't even do proper research to realize that these coins have unproven track records.

Antotena

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Quote from: Familian on January 19, 2025, 04:49:52 PM

On that pedestal I have been thinking, trying to process certain items in my head. Did D. Trump used bitcoin as a means to achieve his political ambition with a preemptive plan to later use that influence to launch a token of his? A means to an end, who knows!

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

If he used Bitcoin to get his way to launch that meme coin, then I must say that he has got everyone on the next because I never in my life expected him to launch a meme coin to the point of posting it on his official handles but could it be he is making people to believe to what he said. He has never for once say a good thing about crypto in his first tenure in government house but now he is doing it boldly and doesn't care what who don't like it feels about it.

Bitcoin reserve, we have to wait and see what is going to happen later. We can't have reserve so fast. I know it's important and everyone want to see it happen but executive orders doesn't make things stand alone in the economy and there a limitation where executive order can reach in trying to push a bill, there must be some agreement with the legislative else this is going to end up as one upon a time dream.

Hamza2424

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Quote from: Familian on January 19, 2025, 04:49:52 PM

On that pedestal I have been thinking, trying to process certain items in my head. Did D. Trump used bitcoin as a means to achieve his political ambition with a preemptive plan to later use that influence to launch a token of his? A means to an end, who knows!

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

Hmm, We cant comment on anything for now, at least we need to give him a certain period of time to decide weather he was just using the Bitcoiners or this industry regulation to gain some marketing for his election or he wanted to promote his own pro-crypto profile to lunch his own coins, but as you there are many comments of mixed sentiments where many people found it crazy to lunch a meme coin and many thought that he just used the crypto market for his personal benefits and its unethical.

I don't stand on any side as I don't own any significant investment in TRUMP coin, for the Bitcoin weather it's a trump or anyone else they can manipulate for a short time but in the long run, the future of Bitcoin is quite in secure hands now (I don't mean any political safe hands what I meant is a community).

currently, we all are waiting in queue for the skyrocketing journey.

Z-tight

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Quote from: PrivacyG on January 22, 2025, 09:26:20 PM

This is why I have little respect to most of these Shit Coins. What people are doing is exactly this. Buy, hope, dump, watch. In my eyes, it looks almost like being the complice to a Crime.

I do not like shitcoins and i don't even go near it, neither do i like those who create it to enrich themselves. However, i would not blame people who buy such coins, get out quickly and dump it on those coming behind. People should know the risks with shit meme coins like this before buying it, but most of them are simply blinded by greed, so they rush in and what they are left holding is dumped and useless coins, i believe they can have nobody to blame but themselves.

CryptoBuds

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Quote from: Z-tight on January 22, 2025, 11:34:56 AM

Quote from: ? on January 22, 2025, 11:22:53 AM

If you support Trump, buy his coin, just like you would donate to his election campaign. If you are trying to make quick profit, buy his coin, because you will have a lot of opportunities due to huge volume and high visibility.

Otherwise, stay away...

So you are saying anyone who supports Trump should risk their money and buy that shitcoin, the person can go a step further and buy his wife's meme coin too, to complete things.

He created his own coin and used it as a tool to make profit, he had no intention of creating benefits and helping the crypto industry. So it is blinding to assume that just because we support him we will throw our money out the window by buying his coin.
I have no problem with anyone intending to buy TRUMP coin but buy and speculate with the purpose of making a profit for yourself, not buy stupidly and blindly just to support him.

Quote from: Z-tight on January 22, 2025, 11:34:56 AM

I believe it is already late to make 'quick profit' from Donald Trump's shitcoin, if you buy it right now you are risking a lot, exactly how pump and dump coins work, and i am sure a lot of us understand how.

Regardless of the time, when we put money into a meme project, it means we are facing a risk and the decision is up to each individual.

PrivacyG

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Quote from: Abiky on January 22, 2025, 07:58:45 PM

All of these "meme" coins are based in pure luck. It's hard to turn a profit when everybody is already buying the coin in mass. I'm afraid the $TRUMP "meme" coin hype will end fast, as people move on to the next big thing.

Gambling.

Purchase the hype, hold on to it, hope it does not end before you are out, dump your hype onto others while you can and watch their lives burn away and get wrecked. This is why I have little respect to most of these Shit Coins. What people are doing is exactly this. Buy, hope, dump, watch. In my eyes, it looks almost like being the complice to a Crime.

Sure, one may argue that Bitcoin works the same way. And all other Assets used as Investments. Correct. But if I dump my Bitcoin onto somebody else who thinks it is in fact the right time to buy, they will still be able to do something with Bitcoin besides selling it. The TRUMP Token is useless. It is just like a Scam.

Abiky

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Quote from: Z-tight on January 22, 2025, 11:34:56 AM

So you are saying anyone who supports Trump should risk their money and buy that shitcoin, the person can go a step further and buy his wife's meme coin too, to complete things.

I believe it is already late to make 'quick profit' from Donald Trump's shitcoin, if you buy it right now you are risking a lot, exactly how pump and dump coins work, and i am sure a lot of us understand how.

All of these "meme" coins are based in pure luck. It's hard to turn a profit when everybody is already buying the coin in mass. I'm afraid the $TRUMP "meme" coin hype will end fast, as people move on to the next big thing. Regardless of what happens with this "shitcoin", Bitcoin will continue to run as usual. You can't compare "meme" coins with Bitcoin as they're completely different things. It's like comparing apples vs oranges.

Hopefully, the OP understands. It won't be long before $TRUMP and other "meme" coins fade into oblivion. Just make sure you're not one of the many people left holding the bag (bagholder) once this happens. Cheesy

Z-tight

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Quote from: ? on January 22, 2025, 11:22:53 AM

If you support Trump, buy his coin, just like you would donate to his election campaign. If you are trying to make quick profit, buy his coin, because you will have a lot of opportunities due to huge volume and high visibility.

Otherwise, stay away...

So you are saying anyone who supports Trump should risk their money and buy that shitcoin, the person can go a step further and buy his wife's meme coin too, to complete things.

I believe it is already late to make 'quick profit' from Donald Trump's shitcoin, if you buy it right now you are risking a lot, exactly how pump and dump coins work, and i am sure a lot of us understand how.

?

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Quote from: Z-tight on January 19, 2025, 05:15:32 PM

Quote from: Familian on January 19, 2025, 04:49:52 PM

This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

No it is not. This does not affect BTC in anyway, neither does it affect the future of BTC. You were probably the one who thought the future of BTC was tied to Donald Trump or any centralized government.

I read that Trump owns 80% of this token, that only tells you what will happen later on.

Trump as any other high level politician is used to accepting multi-million donations. He thinks it's a given. If you support Trump, buy his coin, just like you would donate to his election campaign. If you are trying to make quick profit, buy his coin, because you will have a lot of opportunities due to huge volume and high visibility.

Otherwise, stay away...

Wiwo

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Bitcoin existed long before Trump became the United States president both the first term and second term of Trump presidency, regardless of the message and how Trump placed Bitcoin during his reelection campaign doesn't mean anything much because Bitcoin will continue to exist longer for Trump 4 year tenure; so it makes no sense trying to attach Bitcoin to Trump or any individual whereas it this individuals and government that tag along with bitcoin if not Bitcoin exist independently.

About the meme coins for Trump and his wife, well we can't say that the performance of that coin is a success yet, but still, we have to accept the fact that memecoins can't and will never compete or become a threat to Bitcoin both in the now and in the nearest future.

As for the Trump coin its success and future depend on an individual and the creator is known and owns about 80% of the coin, which should tell you the risk of having long-term expectations from such a coin and other memecoins.

aoluain

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Quote from: Z-tight on January 19, 2025, 05:15:32 PM

Quote from: Familian on January 19, 2025, 04:49:52 PM

This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

No it is not. This does not affect BTC in anyway, neither does it affect the future of BTC. You were probably the one who thought the future of BTC was tied to Donald Trump or any centralized government.

I read that Trump owns 80% of this token, that only tells you what will happen later on.

Correct - Trump and his announcements are just another chapter in Bitcoins
story as has every other announcement negative or positive to date been on Bitcoin.

$trump on the other hand is different, different in every way to Bitcoin, decentralisation,
development, utility, adoption and security. $trump is gaining momentum now purely
because of speculation, soon will follow the "$trump dump"

Trump can swap his plans for Bitcoin with $trump but it wont solve the problem
for the US which Bitcoin could and on the other hand if $trump replaces Bitcoin,
Bitcoin will continue doing what its doing - I dont see a problem as per the OP

kryptqnick

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It seems that the coin is affiliated with Trump and his businesses, but I assume Trump doesn't talk about it because there's no need to do that and because it's safer not to. We can see that the coin gained a lot of value over Trump's inauguration, but it can easily lose value fast as well. It might not work in the long run as a successful project, so it's best for the President not to risk endorsing it.
As for his priorities, I don't believe cryptos are high up on that list in general. And whatever's going to be more profitable is probably going to become a priority. In any case, I wouldn't worry about Bitcoin's future.

Familian

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Quote from: virasog on January 20, 2025, 10:47:35 AM

Quote from: GiftedMAN on January 20, 2025, 10:21:41 AM

No one is asking him to focus only on Bitcoin and making everyone in his country to become an investor but since he also campaign using Bitcoin and I believe cryptocurrency lovers supported him as a result of his statement he should live up to expectation because he will be reminded about his statements during his campaign.

To be honest, Donald Trump needs to issue the executive orders for crypto today and this could be very bullish for bitcoin and overal crypto market. I hope he won't say anything negative about the crypto ecosystem. As i heard in the social media, he had 100 exceuted orders but today he will discuss only the top 20. I do not know if he remains silence on crypto, what impact will it happen on the bitcoin price in the short term ?

I do wish too that Trump can go ahead and issue an executive order on this matter for the bitcoin reserve to become a reality but on the other hand issues of such economic importance doesn't work this way as we all wish it to. Trump of all people do understand this as far as the constitution exists and that's where he would have to follow the right channel to have it all done if he is determined to have a US bitcoin reserve in place. The congressional House do have a big role on this because it's all about the economic future of the people of the USA.

sokani

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Quote from: Fiatless on January 21, 2025, 01:45:49 PM

His silence might mean an endorsement. If he doesn't support this coin, the presidency should have made a statement distancing Donald Trump from the coin.

That's what it means. The son, Donald Trump Jnr, also retweeted a tweet about the memecoin from the father's X account.

Quote from: Fiatless on January 21, 2025, 01:45:49 PM

Bitcoin don't need anything from politicians except friendly policies. Trump wants to make America great and his family richer.

As funny as the bolded part may seem, it might be true

Quote from: Z-tight on January 21, 2025, 01:46:18 PM

Are you sure he is pro-crypto, he only started showing interest in crypto during his campaign, couldn't it be that he only did that because he wanted to win the election, and now he and his wife are simply creating meme coins just to make money from it.

One has to start from somewhere. So let's take it that he is because of the sweet speech he gave about Bitcoin during his presidential campaign. However, time will tell if we got played or not.

CryptSafe

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Quote from: sokani on January 21, 2025, 01:30:57 PM

Quote from: Z-tight on January 19, 2025, 05:15:32 PM

I read that Trump owns 80% of this token, that only tells you what will happen later on.

I like Donald Trump because he's pro crypto and that's the main reason he got a lot of support from the crypto community, but creating memecoin is not a good idea. He's setting a wrong precedent for other politicians to follow and I don't know if he never thought about it. By the time the hype dies down and the memecoin eventually 'tanks', I wonder what he would have to say, maybe he would tell us his X account got hacked.

Hehehehe 😂😂 maybe that could be his answers when that happens but we just hope and pray it doesn't because what matters now with the community is just to hear his Crypto friendly policies he has promised during his campaign but nevertheless, him launching his meme token shows us how much committed he is into Crypto but that does not mean politicians would change their ways and we should not too expect much because it just might happen that it might not come up to 50% as we have expected.

It is amazing that Trump's family is a Crypto friendly family as his wife joins the league of meme coin creator or am Missing something? Maybe his son Baron Trump would soon launch his own for fun too.

Abiky

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Quote from: Familian on January 19, 2025, 04:49:52 PM

Right now no single crypto person that is not aware of the $trump memecoin launched on SOL network which has not only seen the token soar with hours but has in like manner invariably giving solana some fresh air and attraction.

It is still fresh in our minds the campaign promises D.Trump sold to the public and in particular the bitcoin community that led to the mind-boggling and overbearing support he got from bitcoiners across the States and outside.

Surfing through I couldn't see where he talked or discussed about the launch of $trump token and he did with bitcoin wherever he went. Maybe I missed it, anyone could point that to me please.

On that pedestal I have been thinking, trying to process certain items in my head. Did D. Trump used bitcoin as a means to achieve his political ambition with a preemptive plan to later use that influence to launch a token of his? A means to an end, who knows!

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

Bitcoin? I'm sure it will do fine. The new "meme" coin is nothing but pure hype. It will pass as people move on to the next big thing. Most likely, the "meme" coin will lose traction once Trump is no longer President of the US. Even Melania has her own "meme" coin. Mark Cuban is planning to do the same. The "meme" coins craze will continue for a while, especially when it's easy money for the creators.

Funny thing, is that Trump never mentioned Bitcoin or any other crypto during his inauguration speech. There hasn't been any executive order related to the subject yet (AFAIK). I guess Trump is focused on his own Blockchain (World Liberty Financial) and $TRUMP "meme" coin. There are other important things to focus on besides crypto. At least, we got Gary Gensler out of the way. That must be a huge relief for the crypto industry. With many in Trump's cabinet being pro-Bitcoin, there should be nothing to worry about.

Topic: Bitcoin and $trump: Where will Trump priority be in the future. - page 2. (Read 845 times)