Does Trump Really change his mind on Bitcoin

traderethereum

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Quote from: Ever-young on January 18, 2025, 06:53:04 PM

At first I was thinking the trend was a scam; maybe his Twitter account was being hacked since it's no longer hard for influencers accounts to be hacked and used to carry out token scam schemes, but here we are: the price has climbed to as high as $32.

A meme coin will always be treated as one. They will not pass big price-driving by supporters push. Even if Trump doesn't want to keep his promise for Bitcoin, he can't use a shitcoin to replace it for the reserve proposal.

But the fact, Official Trump coin hit $73 this day. Wow I am impress seeing this at Binance. The increasing of the price reach in the launching at Binance.

Congrats for those who already bought this coin. But we hope Trump keep his promises to support crypto and not change his mind on Bitcoin.

slaman29

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Told you guys long ago this Trump pro-crypto thing isn't necessary to be a good thing longterm for Bitcoin.

You know he already did like 2 rounds of his shit NFTs. He made a lot of money. Why not another TRUMP coin right?

Don't fall for it. Even if you win, you join the ponzi and further ruin the reputation of crypto. If that's okay for you well, to all men they reap what they sow.

Coin_trader

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Quote from: Japinat on Today at 07:12:51 AM

Trump is a businessman, so he understands that the market revolves around Bitcoin, if Bitcoin dumps, altcoins will dump even harder. What I see is that Trump is using his popularity to influence people into investing in his coin, which could mean easy money for him. At the same time, he’s looking after Bitcoin by promoting positive policies to keep it stable and influential in the market.

The only problem is he is using shitcoins such as meme coin that has no real utility rather than him profiting big time instead of promoting Bitcoin alone. This might result to a negative speculation on crypto in general in case this meme coin end on massive sell-off which is high chance of outcome since it’s a meme coin that hype by the future president of US.

I think he should just stick on pushing policy that will help Bitcoin rather join on meme coin trend that everyone knows a pump and dump.

Japinat

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Trump is a businessman, so he understands that the market revolves around Bitcoin, if Bitcoin dumps, altcoins will dump even harder. What I see is that Trump is using his popularity to influence people into investing in his coin, which could mean easy money for him. At the same time, he’s looking after Bitcoin by promoting positive policies to keep it stable and influential in the market.

Lucius

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Does Trump Really change his mind on Bitcoin

I believe he hasn't changed his mind, he's just turned the story in a direction that suits him - which is to use BTC as bait for the masses, while at the same time promoting his shitcoin and meeting with various owners of other shitcoins. He is a businessman who will try everything to come out of all this as rich as possible after the next 4 years - and unfortunately he has an army of blind followers who will do anything to support their idol.

Obviously, there is no law in the US that prohibits politicians from dealing with such things, but politicians should definitely be prohibited from using their political position to promote something that has no sense or purpose.

Lida93

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Quote from: Alphakilo on January 18, 2025, 05:46:16 PM

The $trump caught me by surprise. It wasn't what I was expecting. Although, I was too busy to follow up with the news but achieving $8 billion in about three hours and other achievements is kind of impressive and the type of thing that only Trump can pull off.

It's obvious you were not following up and that's why you're surprised about the price achievement in such a short time but for those that have followed every step of the way on almost every update would have already envisage this to happen, and why do I say so, it's because Trump as owner of the $trump token reserves about a 90% of the token to himself and by that he could have it easily pushed just as we are seeing now.

The point is how long is this going to be sustained, what's the security of investors that are being influenced to invest by Trump's personality because what some of us fears is a possible imminent dump, just that no one knows when.

Wexnident

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This ain't even about Bitcoin lol. Heck if Trump wanted support from Bitcoin users, he would've done something directly with Bitcoin (which afaik, is already planned, just not yet implemented. I forgot what though). I swear this meme coin was just to capitalize on his inauguration, nothing more, nothing less. And I swear a LOT of people are going to cry once the coins reserved for the Trump team gets released and the market dumps hard lol. And I highly doubt it's going to generate interest whatsoever in Bitcoin. Trumps advertising for the memecoin, not Bitcoin.

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Quote from: bestcandy on January 18, 2025, 05:33:38 PM

Over the time there has been a speculations in regard to the future of Bitcoin as US president elect Donald Trump is proposing making Bitcoin a strategy reserve for US but right now Trump has surprisedly lunched his new meme coin called $Trump which is now making wave with it's market cap soaring to $8 billion within three hours and many investors are luring into the meme coin and making significant invest in the $trump.
If it continue this way there is every indication that many investors will see the $Trump very interesting and will consider it as a main anchor of their digital investment and this make me to raise a concern if the $Trump meme coin will not have a negative impact to Bitcoin that may likely after the price of Bitcoin in the future.
What do you think about $Trump to the future of Bitcoin?

https://m.economictimes.com/news/international/global-trends/trump-launches-trump-meme-coin-is-it-crypto-gold-or-a-campaign-gimmick/articleshow/117351391.cms

I don't think Trump is replacing the promise he have for bitcoin for is newly launched meme coin, because from my research I gathered that Trump is on multiple cripto projects involving many like :world liberty financial, a defi and many more.

Perhaps, launching meme coin could be
One of his long awaiting project he have at hand,because with is level of exposure and experience in the cripto world I don't think Trump will be replacing is promise or vision making bitcoin a national reserve for that of his meme coin.

fuguebtc

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Quote from: Ever-young on January 18, 2025, 06:53:04 PM

At first I was thinking the trend was a scam; maybe his Twitter account was being hacked since it's no longer hard for influencers accounts to be hacked and used to carry out token scam schemes, but here we are: the price has climbed to as high as $32.

If you check the TRUMP token information carefully, you will see that this is not a joke or the result of an account hack. Because Trump posted that information on both Truth Social and X.com at the same time. Additionally, as far as I know, this token launch also has the participation of a leading DEX on Solana, Jupiter. So the chances of this being a fake token are very low.

Quote from: Ever-young on January 18, 2025, 06:53:04 PM

A meme coin will always be treated as one. They will not pass big price-driving by supporters push. Even if Trump doesn't want to keep his promise for Bitcoin, he can't use a shitcoin to replace it for the reserve proposal.

People seem to look down on coins labeled as memecoins but don't forget that it depends on who is behind the coin and who is sponsoring it. A meme created and supported by the president would make a huge difference. That is why when the TRUMP token launched, it attracted almost the entire crypto community and sucked up most of the market liquidity yesterday.

Take Doge, for example, a useless coin with a market capitalization of over $50 billion and surpassed thousands of traditional businesses that have been around for years. Anything crazy can happen when the world is run by an erratic and unpredictable president Grin

.

JeffBrad12

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it's just a meme coin and I think won't change his stance against bitcoin, if any, it just means that trump is pretty bullish with crypto, to create a meme of his own like that. don't you think that he's seen the big influx of capital and think that crypto is here and not going anywhere and therefore one step closer toward bitcoin strategic reserve.

most people also consider $trump as just a meme coin, bitcoin on the other hand, got massive investment from large financial institution and all, I think you're thinking too much toward the impact that $trump could cause against bitcoin where there's literally none. instead after the launch of meme BTC keep going up.

bestcandy

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Quote from: Perfectbaby on January 18, 2025, 06:37:51 PM

Quote from: bestcandy on January 18, 2025, 05:33:38 PM

If it continue this way there is every indication that many investors will see the $Trump very interesting and will consider it as a main anchor of their digital investment and this make me to raise a concern if the $Trump meme coin will not have a negative impact to Bitcoin that may likely after the price of Bitcoin in the future.
What do you think about $Trump to the future of Bitcoin?

Like you made mention Memecoin and it has no prospect neither does it has any direct usage to the US citizens so why would it affect the future of bitcoin or even affect the entire cryptocurrency market?
No investors would dare choose memecoin as their most priority over bitcoin, knowing too well that meme has no future rather it's basically on hype and people around the cryptocurrency space mostly the whales knows about how the meme coin are controlled in a condition like this. To me anyone investing in this memecoin should be extremely mindful not to get rugged pulled as a results of immediate dump on them.

You gave a clear point just that there has been a trending speculation that Trump is proposing making Bitcoin a strategy reserve for US and we were all expectating that Trump will impact Bitcoin positively if he actual achieve the policy of making Bitcoin a fiscal reserve so I think he took us by surprise for lunching $Trump instead of holding on to his vision for Bitcoin. And seeing the marketing cap $Trump roaring to $8billion with three hours and the speculations of some investors making significant profit is something that may be very tempting to many investors.

Churchillvv

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Firstly, bitcoin has it's cycling system and we are in the bitcoin cycle. whether there is a big news or not bitcoin will still make new ATHs.

The Trump BSR proposal is only a plus to us and bitcoin ecosystem and perhaps if eventually the politician decides not to continue with his first steps then bitcoin will have no choice than to do it's thing without the extra pump.

And besides that shitcoin does not pose any threat to bitcoin for any reason, it's just a pump and dump token that will be left once it's purpose has been fulfilled.

Ever-young

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Quote from: Alphakilo on January 18, 2025, 05:46:16 PM

The $trump caught me by surprise. It wasn't what I was expecting. Although, I was too busy to follow up with the news but achieving $8 billion in about three hours and other achievements is kind of impressive and the type of thing that only Trump can pull off.

At first I was thinking the trend was a scam; maybe his Twitter account was being hacked since it's no longer hard for influencers accounts to be hacked and used to carry out token scam schemes, but here we are: the price has climbed to as high as $32.

A meme coin will always be treated as one. They will not pass big price-driving by supporters push. Even if Trump doesn't want to keep his promise for Bitcoin, he can't use a shitcoin to replace it for the reserve proposal.

Perfectbaby

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Quote from: bestcandy on January 18, 2025, 05:33:38 PM

If it continue this way there is every indication that many investors will see the $Trump very interesting and will consider it as a main anchor of their digital investment and this make me to raise a concern if the $Trump meme coin will not have a negative impact to Bitcoin that may likely after the price of Bitcoin in the future.
What do you think about $Trump to the future of Bitcoin?

Like you made mention Memecoin and it has no prospect neither does it has any direct usage to the US citizens so why would it affect the future of bitcoin or even affect the entire cryptocurrency market?
No investors would dare choose memecoin as their most priority over bitcoin, knowing too well that meme has no future rather it's basically on hype and people around the cryptocurrency space mostly the whales knows about how the meme coin are controlled in a condition like this. To me anyone investing in this memecoin should be extremely mindful not to get rugged pulled as a results of immediate dump on them.

Kemarit

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Quote from: Alphakilo on January 18, 2025, 05:46:16 PM

The $trump caught me by surprise. It wasn't what I was expecting. Although, I was too busy to follow up with the news but achieving $8 billion in about three hours and other achievements is kind of impressive and the type of thing that only Trump can pull off.

Trump is someone who cannot be predicted. I can't state any facts but my assumption is that his thoughts on Bitcoin hasn't changed. The meme coin is just a meme coin. It cannot suddenly replace Bitcoin that has been here for a long time.

If his conviction about Bitcoin has changed then he'll be the biggest betrayal of the century. I think this will not happen.

And then someone made a lot of profits from what I read on $Trump (realized and unrealized).

But let's see, I mean if you are a smart investor, you know that $Trump is just a meme coin, so meaning it could be manipulated by anyone and push any of their agenda. Obviously, it's a dumb move by Trump himself if he go with this meme coin.

Everyone is still waiting for him to make Bitcoin their national reserve, no ifs and buts.

Alphakilo

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The $trump caught me by surprise. It wasn't what I was expecting. Although, I was too busy to follow up with the news but achieving $8 billion in about three hours and other achievements is kind of impressive and the type of thing that only Trump can pull off.

Trump is someone who cannot be predicted. I can't state any facts but my assumption is that his thoughts on Bitcoin hasn't changed. The meme coin is just a meme coin. It cannot suddenly replace Bitcoin that has been here for a long time.

If his conviction about Bitcoin has changed then he'll be the biggest betrayal of the century. I think this will not happen.

bestcandy

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Over the time there has been a speculations in regard to the future of Bitcoin as US president elect Donald Trump is proposing making Bitcoin a strategy reserve for US but right now Trump has surprisedly lunched his new meme coin called $Trump which is now making wave with it's market cap soaring to $8 billion within three hours and many investors are luring into the meme coin and making significant invest in the $trump.
If it continue this way there is every indication that many investors will see the $Trump very interesting and will consider it as a main anchor of their digital investment and this make me to raise a concern if the $Trump meme coin will not have a negative impact to Bitcoin that may likely after the price of Bitcoin in the future.
What do you think about $Trump to the future of Bitcoin?

https://m.economictimes.com/news/international/global-trends/trump-launches-trump-meme-coin-is-it-crypto-gold-or-a-campaign-gimmick/articleshow/117351391.cms

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