Has Trump helped Bitcoin already? Let's be reasonable! - page 3.

Smack That Ace

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Quote from: Luzin on August 05, 2024, 10:23:05 PM

Quote from: Helena Yu on August 05, 2024, 09:06:19 AM

No one helped Bitcoin.

People said Elon Musk's tweet make Bitcoin price increase, Tesla stop accepting Bitcoin make Bitcoin price dump, Trump talking about Bitcoin make Bitcoin price increase, Warren Buffet saying Bitcoin is a bubble make Bitcoin price dump etc.

They're have no correlation with Bitcoin, the only reason why Bitcoin price increase or decrease is from supply and demand.

As long as they didn't spend a lot money to buy Bitcoin or selling their coins, they have zero impact.

Are you not connecting supply and demand with fundamental news? Whether it has no correlation at all, it seems that it has become a belief and has a great correlation. We have agreed and the news has become an issue called Fundamental. Because this belief has been agreed upon and the market is often affected by that fundamental. Because investors will also connect in any condition. It has been proven, you can relate the history of bitcoin's movement and the issue of fundamental issues that occur.

Those people do not help bitcoin but there is no denying that they can impact bitcoin in many different ways. Bitcoin is affected by their statements and actions, we need to accept that fact. Bitcoin is decentralized but that does not mean it is immune to all types of news or influence from influential organizations and individuals in the world because it is also a part of the world economy.

Bitcoin supply and demand are determined by humans. Meanwhile, people are influenced and manipulated by that news, so it can be said that fundamental news has an impact on the development of bitcoin.
We always want bitcoin to not be influenced or manipulated by anyone, but the truth is that it is impossible because no one can exist independently of this world, including bitcoin.

Luzin

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Quote from: Helena Yu on August 05, 2024, 09:06:19 AM

No one helped Bitcoin.

People said Elon Musk's tweet make Bitcoin price increase, Tesla stop accepting Bitcoin make Bitcoin price dump, Trump talking about Bitcoin make Bitcoin price increase, Warren Buffet saying Bitcoin is a bubble make Bitcoin price dump etc.

They're have no correlation with Bitcoin, the only reason why Bitcoin price increase or decrease is from supply and demand.

As long as they didn't spend a lot money to buy Bitcoin or selling their coins, they have zero impact.

Are you not connecting supply and demand with fundamental news? Whether it has no correlation at all, it seems that it has become a belief and has a great correlation. We have agreed and the news has become an issue called Fundamental. Because this belief has been agreed upon and the market is often affected by that fundamental. Because investors will also connect in any condition. It has been proven, you can relate the history of bitcoin's movement and the issue of fundamental issues that occur.

UmerIdrees

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Quote from: Lucius on August 05, 2024, 09:08:48 AM

Oh no, another topic about Donald Do Not Trust - is that possible Shocked

Did someone ask the former president today what he thinks about BTC? Maybe today, at least for a moment, he would change his mind and confirm what he has really been thinking for years.

Well, trump just predicted that Iran will attack Iran today.

BREAKING: TRUMP PREDICTS AN ATTACK BY IRAN TONIGHT?

Even if Iran does not attack, this statement from Trump will act as a reason for another dump for bitcoin and other markets.
Does he really knows if Iran will attack tonight and if that doesn't happen, what is the purpose of creating this panic?

coolcoinz

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Quote from: Easteregg69 on August 05, 2024, 09:10:26 AM

Ít's up 6% in the last hour so you can say that.

Fear and greed index is at 31/100. Perfect for entry.

You know what is worse than fear? Pain. It drives you insane. On rhyme.

I sponsored the Trump deal via MAGA.

Fear and greed index is one big indicator of nothing.

When you see a big red candle on the 1d chart, the fear and greed is going to confirm that people are panicking. When you see a big yellow candle, you can always check it once again on f&g just to be sure that people are happily throwing money at the direction of Mr B.

You're right though. Second best buying opportunity of 2024 right after the ETF crash in January.
This is the first 30% crash of the 2024/2025 bull market so grab it while you can. In 2017 there were 5 or 6 similar events and there was an even bigger one in 2020 and 2021. These things happen every single year.

legiteum

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Bitcoin went up 500% under president Biden.

That's not to say that Biden directly caused this to happen, but rather it's pointing out that Harris winning the election instead of Trump will be absolutely fine for Bitcoin, whereas Trump brings a unique new risk of Bitcoin getting trashed by all of the radical changes to the US economy he is proposing.

In this environment, with this track record, the reasonable thing to do here is stick with what has worked. Anybody can "imagine" a bunch of things a populist politician (with a criminal record in this case) can do to help their Bitcoin portfolio, but wishes aren't reality. And no politician is going to give the billionaire Bitcoin whales (the ones giving Trump millions right now) everything they wanted no matter what.

For the average Bitcoin investor, the logical move here is to stay the course and vote for Harris.

Cryptmuster

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Quote from: Pmalek on August 05, 2024, 10:51:31 AM

Trump has recognized that Bitcoin and crypto can bring him votes and he is taking full advantage of the hype he has created. I don't see it any different from when politicians promise tax reliefs, better education, higher employment rates, etc. It's empty promises in an attempt to get elected. He has also promised to end the current wars but he doesn't believe in it himself. War and the production and export of weapons is sadly what the US has become, and no president is going to change that. Everything else is just an illusion.

You are right, and besides that he promises a lot more, but I think everyone understands what his promises are worth. The election race is a kind of game, when presidential candidates compete who will better promise voters about a better life, and it does not matter much that they will not do what they say, because the most important thing is to win the election. Bitcoin for Trump is just one of the points on his list of what he must talk about in the election campaign, so do not have big illusions that Trump after winning can do something for Bitcoin, as well as stop wars or many other problems, that are too difficult to solve.

GiftedMAN

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Quote from: Orpichukwu on August 05, 2024, 04:15:15 AM

Trump is a politician, and anyone who is listening to his speech and promises about what he will do for bitcoin should have it in mind that politicians primarily objective is for their own personal gain before that of the public will comes in, and aside from him being anti-Bitcoin in the past, what he is fighting for is to retake a public office and not his private organisation, where he will be the sole decision maker.

Personally, I have followed up his speech and commented on series of post here in the forum relating to his speech where he talked about embracing Bitcoin if he is elected as the next president of America but then I think people shouldn't believe everything he has said so far because when he is elected now he will still need to pass what ever he wants to do with bitcoin to bill and until it is approved and supported by majority of the Senate the bill will not be implemented.

He may be fighting to be elected for the second time in office but if he really thinks using Bitcoin to gain political grounds will help him win the election then I think he will also understand that the majority of the citizens of America are believers of Bitcoin and if he wants to make them happy fulfilling the promises he made to his people shouldn't be that difficult for him to do.

SatoPrincess

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The topic Politicians are not our tribe resonates with me because I feel the same way as the OP. Politicians are not bitcoin allies. The government is all about control and they cannot control bitcoin so when a politician whose past records shows that he is not a believer in bitcoin starts changing his stance on bitcoin (during elections btw) looks very suspicious to me.

Trump was never a big supporter of Bitcoin when he was in office. Whoever in Trump’s camp that came up with the “bitcoin strategy” deserves a promotion because it has given Trump a lot of support in the bitcoin and crypto community. Even though many of us are sceptical about Trump keeping his campaign promises, Trump is still getting a lot of publicity from all this because we are talking about him a lot.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: EarnOnVictor on August 05, 2024, 03:43:45 AM

Trump will do nothing in the crypto world if he succeeds in becoming the US president, he is only using Bitcoin and others to ascend to the throne.

I agree, but what's the alternative? IMO if you're voting for Trump because all you care about is that he'll pump bitcoin, you're naive, or maybe you're a gambler who put a few grand into this and think of it like it's a bet. That said, there's some chance he at least won't try to suppress it, or draw it out of the country like Biden and his party. Do you remember how they wanted to restrict companies from mining bitcoin and make companies assign client wallets to their ID's? Sometimes doing nothing and letting the industry grow without interference is better.

Justbillywitt

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Quote from: EarnOnVictor on August 05, 2024, 03:43:45 AM

For starters, I am a Bitcoin enthusiast with so much adoption in HODLing, Payments and Trading and it has been a blessing to me. Despite that, what I do differently from most Bitcoiners is that I don't deceive myself, I will never be a bigot but face the reality of the situation. Thanks to my grassroots experience in the financial market, unlike those who only started during this crypto-era, the experience is so lacking and popular people can easily trick them. This is partly why Trump could deceive people this much, what a folly! To what end?

Trump will do nothing in the crypto world if he succeeds in becoming the US president, he is only using Bitcoin and others to ascend to the throne. Someone who had condemned Bitcoin many times in the past but suddenly started painting himself as its messiah, don't you think this has some undertone? Why are people so gullible? Many bullish speculations are flying all over the internet to his credit, but talk is cheap and the market is not foolish, we can see the true reflection already.

I like us to see beyond the deception of those who want to use Bitcoin's popularity for their gains and still later abandon it. The future of Bitcoin only lies in the hands of the true adopters, not fake ones. Don't you guys think the true adopters of Bitcoin will lead by example? How many estates, hotels and businesses of Trump are now accepting Bitcoin for payments? Or how many of his liquid assets has he converted to Bitcoin? Talk is cheap, a true Bitcoiner will surely lead by example.

I don't really understand why Trump public acceptance of bitcoin and promises to the bitcoin community is causing much debate every now and then. If he was anti bitcoin in the past does it mean he will remain anti bitcoin forever? How many of us accepted bitcoin whole heartedly the first time bitcoin was introduced to us, if we all did majority of us would be millionaires in dollars by now. Trump is a human and if he once had doubts about bitcoin in the past and now he has now realized himself like most of us did in the past, why crucify him or make him look like he is doing something that is abominable. Even if Trump win the presidential election and don't do as he has promised, nothing will still happen. Bitcoin will still remain bitcoin.

Aanuoluwatofunmi

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Quote from: EarnOnVictor on August 05, 2024, 03:43:45 AM

Trump will do nothing in the crypto world if he succeeds in becoming the US president, he is only using Bitcoin and others to ascend to the throne.

What a bitter truth, sometimes, we may be saying the truth as being the reality on what is going to happen in the future, first i will say thank you for creating this thread and discussing on the same subject matter about the fate of bitcoin adoption thereafter the US presidential election if Trump emerge the winner, i will like to add this that we have to be remined that there is no any concrete agreement made or signed or spoken by Trump towards adopting bitcoin if he emerge the winner and also, we have to look into the situation very more closely that now is the time in which trump is just only realizing for the existence of bitcoin and not claiming his massive support towards adoption as a legal tender if he wins the race, we should not be misinformed by the reality along with what is at stake.

Pmalek

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Trump has recognized that Bitcoin and crypto can bring him votes and he is taking full advantage of the hype he has created. I don't see it any different from when politicians promise tax reliefs, better education, higher employment rates, etc. It's empty promises in an attempt to get elected. He has also promised to end the current wars but he doesn't believe in it himself. War and the production and export of weapons is sadly what the US has become, and no president is going to change that. Everything else is just an illusion.

Marykeller

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Talk is cheap; politicians can go ahead and say whatever they like; we ain't gonna be moved by that. We wait for them on the pull to cast our vote. Trump knows this; that's why he's giving speeches that will entice people to vote for him.

Already, Americans are wiser enough not to vote for Trump all because he supports Bitcoin. He has in the past talked bad about Bitcoin, not to believe in it. Seeing him believing in Bitcoin this time looks fishy and can't be trusted.

I was laughing out loud when some fellas were given the reason that Trump was behind the price increase of Bitcoin a few days back. Now, the Bitcoin price is on the downside. Has Trump backed off from supporting Bitcoin?

I think the unexpected decline of bitcoin has taught those so believers of Trump, that Trump has no control of the market. Bitcoin can rise, or decrease at any time it feels like without anyone's supporting his growth or not.

Fivestar4everMVP

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Quote from: EarnOnVictor on August 05, 2024, 03:43:45 AM

I like us to see beyond the deception of those who want to use Bitcoin's popularity for their gains and still later abandon it. The future of Bitcoin only lies in the hands of the true adopters, not fake ones. Don't you guys think the true adopters of Bitcoin will lead by example? How many estates, hotels and businesses of Trump are now accepting Bitcoin for payments? Or how many of his liquid assets has he converted to Bitcoin? Talk is cheap, a true Bitcoiner will surely lead by example.

Lols, all you have said makes complete sense to me, disregarding the fact that I actually love trump and have always wished for him to win the coming US presidential election, but then, about his promises on what he will do for bitcoin and it's community when he becomes a president, I won't be gullible to believe any of such promises, why? It's simply, a politician once told me "believe politician's campaign promises at your own detriment", which simply means that, they cant be trusted no matter how good or true they appear to be.

The current president of Nigeria made almost the same promise when he said that he will unban crypto transactions in Nigeria if he wins and becomes Nigerian president, he eventually won and now, he and his cohort have gone after cryptocurrency exchanges and banning citizens of Nigeria access to them, this is how dubious politicians are and can be.

Huppercase

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Quote from: Helena Yu on August 05, 2024, 09:06:19 AM

No one helped Bitcoin.

People said Elon Musk's tweet make Bitcoin price increase, Tesla stop accepting Bitcoin make Bitcoin price dump, Trump talking about Bitcoin make Bitcoin price increase, Warren Buffet saying Bitcoin is a bubble make Bitcoin price dump etc.

They're have no correlation with Bitcoin, the only reason why Bitcoin price increase or decrease is from supply and demand.

As long as they didn't spend a lot money to buy Bitcoin or selling their coins, they have zero impact.

There is correlation of these people with Bitcoin, all I can say is that they are influential to different communities because of their success. Elon Musk became the richest man under a year, thanks to his Tesla stock that performed well. Trump as a past president of the united state and now the current face of republicans, they all have influence on anything but the influence are only temporary, they only want Bitcoin to do when and how they want it.

Although, I can't call that helping Bitcoin, all of them are doing it because of their selfish interests. Trump wouldn't have go to Bitcoin conference if not for his political ambition, Elon Musk wouldn't have influence people to buy Bitcoin if not for his own interest in Doge and ways to double money. They don't care about Bitcoin but their own ways of benefit they will get from Bitcoin.

Easteregg69

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Quote from: Lucius on August 05, 2024, 09:08:48 AM

Oh no, another topic about Donald Do Not Trust - is that possible Shocked

Did someone ask the former president today what he thinks about BTC? Maybe today, at least for a moment, he would change his mind and confirm what he has really been thinking for years.

Quote from: DooMAD on August 05, 2024, 07:27:06 AM

Trump has helped highlight how utterly stupid and gullible some people around here are. That's about it, though.

Others like Mr. Mars did it before him, which only shows that people want to have a leader, even if it's a fake one. Some will never understand why it is actually positive that Satoshi went into the shadows, so they are always looking for a new one.

He almost got his head blown of.

Satoshi ran of with 1 mill BTC. Now wonder he is in the shadows.

spectre71

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On the timeline of financial instruments BTC is infinitesimal lil blip on the screen. The big boys and gals ignored it until it showed it's colors over time. History of performance is very important.

Trump? Allot of A gamers changed their views on it. All of us here on this board collectively don't make a spec on the butt of a Fidelity or Blackrock. When they start swinging there big D*'s around then it gathers notice.

Things are changing, you must or get run over.

Easteregg69

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Ít's up 6% in the last hour so you can say that.

Fear and greed index is at 31/100. Perfect for entry.

You know what is worse than fear? Pain. It drives you insane. On rhyme.

I sponsored the Trump deal via MAGA.

SuperBitMan

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For now I can't say trump is saying all that about Bitcoin because of his political journey however one can say anything just to get support and be in power, but the speech he made about Bitcoin has brought in some investors and we all know the more the investors the more valuable Bitcoin becomes.
For me trump has already made a wonderful impact on Bitcoin, but he may do this to gain support in other to become the next president of the United State of America however we all should not get bothered about that all we should worry about is if Bitcoin is growing and if yes we all should be happy about that.

Lucius

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Oh no, another topic about Donald Do Not Trust - is that possible Shocked

Did someone ask the former president today what he thinks about BTC? Maybe today, at least for a moment, he would change his mind and confirm what he has really been thinking for years.

Quote from: DooMAD on August 05, 2024, 07:27:06 AM

Trump has helped highlight how utterly stupid and gullible some people around here are. That's about it, though.

Others like Mr. Mars did it before him, which only shows that people want to have a leader, even if it's a fake one. Some will never understand why it is actually positive that Satoshi went into the shadows, so they are always looking for a new one.

Topic: Has Trump helped Bitcoin already? Let's be reasonable! - page 3. (Read 858 times)