Is Bitcoin in trouble or under new regulate now that Trump is President

EarnOnVictor

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Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

Bitcoin can't be in trouble in the hands of Trump who is widely perceived as its messiah but regulation is not what he will do anything drastic about, he knows better to tread carefully not to hurt the crypto community and also his country.

As a whole, Trump will not do anything so important with crypto as widely believed and his cooperation with Elon Musk may not create a new crypto as you hinted. Though they are entitled to it, they will proceed carefully at this point.

On the other hand, Trump might make sure the US's CBDC is eventually birthed, that's the best I see in his administration. I hope it will not hurt the existing financial businesses in the US which is the concern of the present administration.

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Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

I don't think Bitcoin will be threatened when Trump takes office. He promised from the beginning of the campaign that he would give the best to Bitcoin and there shouldn't be any serious problems. Even when they plan to release a new coin, I don't think it will be a threat to Bitcoin, unless they want to break their promise and issue regulations that block Bitcoin, which is very unlikely.

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Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

I mean, the market reacted really positive towards Trump winning, I'd say that speaks volumes about what most people think Trump would do for Bitcoin. At the very least, there's going to be a lot more involvement in the side of the US government with crypto and Bitcoin compared to the past. It remains to be seen whether said involvement is actually going to be positive or not, but well a lot of people are expecting it at least to be. I mean the man himself did say he was pro crypto for the most part. Whether it's just for show or not again, still yet to see.

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Quote from: spacelab on November 18, 2024, 05:24:01 AM

Quote from: GigaBit on November 18, 2024, 05:17:51 AM

I don't think there will be any problem with Bitcoin. But he is bringing new altcoins to the market and it can definitely get hyped in the future especially as long as he is in power. But one problem in the future with such coins is that any other government will actually have some influence that Bitcoin is unlikely to have. Which is why I don't think whoever comes to power can keep Bitcoin away from investors. He never gave any such message. Rather, I think his Trump-era Bitcoin will reach all-time highs. He will definitely do anything for Bitcoin that everyone will support. As he gave a positive view of Bitcoin during the election campaign itself.

Yes, In those days you also know that there was election in USA due to which Bitcoin and other markets along with it had to be taken down. After that you know where the price of Bitcoin has reached new all time high cross $93,000. After that other major coins were also up taken up. At the same time, Ethereum has also improved itself. Trump made a decision and promised to fix it, that's what happening in crypto. If bitcoin is giving profit for many years, if 1 month will give loss then no issues at all it's up within time. In those days, only 3% go down, then the price was raised to 20% after trump Victory.

It's either a fakeout pump of the price to $96-97k, then a correction to $85k, or a slow and steady middle price of 90-92k for the price to blow off afterward. That's how I see what will happen next, probably.

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Quote from: GigaBit on November 18, 2024, 05:17:51 AM

I don't think there will be any problem with Bitcoin. But he is bringing new altcoins to the market and it can definitely get hyped in the future especially as long as he is in power. But one problem in the future with such coins is that any other government will actually have some influence that Bitcoin is unlikely to have. Which is why I don't think whoever comes to power can keep Bitcoin away from investors. He never gave any such message. Rather, I think his Trump-era Bitcoin will reach all-time highs. He will definitely do anything for Bitcoin that everyone will support. As he gave a positive view of Bitcoin during the election campaign itself.

Yes, In those days you also know that there was election in USA due to which Bitcoin and other markets along with it had to be taken down. After that you know where the price of Bitcoin has reached new all time high cross $93,000. After that other major coins were also up taken up. At the same time, Ethereum has also improved itself. Trump made a decision and promised to fix it, that's what happening in crypto. If bitcoin is giving profit for many years, if 1 month will give loss then no issues at all it's up within time. In those days, only 3% go down, then the price was raised to 20% after trump Victory.

GigaBit

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I don't think there will be any problem with Bitcoin. But he is bringing new altcoins to the market and it can definitely get hyped in the future especially as long as he is in power. But one problem in the future with such coins is that any other government will actually have some influence that Bitcoin is unlikely to have. Which is why I don't think whoever comes to power can keep Bitcoin away from investors. He never gave any such message. Rather, I think his Trump-era Bitcoin will reach all-time highs. He will definitely do anything for Bitcoin that everyone will support. As he gave a positive view of Bitcoin during the election campaign itself.

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Quote from: RockBell on November 16, 2024, 03:51:35 PM

Quote from: FortuneFollower on November 15, 2024, 02:27:57 AM

I also think that in the long-term - everything will be fine with or without Donald, the real deal is how he will enact ideas the that he offered before he was chosen to take a seat.
US-made BTC (his words) sounds not so good and more like a product than the crypto Roll Eyes

And what happened in this case is not a joke, because no one whould have thought about trump using bitcoin as way to run his campaign and it was a win win for the both of them and the moment trump started showing intrest in bitcoin everything changed and that is why people are still surprised but things like this are not new so you just have to accept it the way it is because it is not as if the increase is a bad thing this is like the people's moment and those thy have waited for a long won't have a choice than to want to make profit of what they have lost.

This shows that have patience is worth it, and people now will have their regrets starting from those that sold there before this time and those that did not even buy at all even after encouragement from different places and they still refused to buy it's no body's fault but there's when you tell people to buy bitcoin and hold they don't take it seriously.

But as it's happen now they will be in serious regret why they did not buy and hold even in this forum countless times they have made it a campaign buy and hold do DCA and the rest but people feel they are trying to make them lose money instead of getting money, all this is lack of understanding nothing else.

I do agree that it's no joke because Trump is a wild card of sorts - and we can expect anything from him.
But I hope the crypto space will benefit from him more than otherwise.
Tongue

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Quote from: Rikafip on November 16, 2024, 11:41:29 AM

Quote from: Ejarwan on November 15, 2024, 10:26:56 AM

It's understandable to worry about Bitcoin's future with President Trump becoming president.

Why?

I don't remember him saying anything that should worry bitcoin holders, on the contrary-he has been pro bitcoin/cryptocurrency in general. He was of course doing that just for the sake of votes and not because he actually supports bitcoin and everyuthing that it stands for so I see him as yet another useful idiot.

I do agree that he probably doesn't care for crypto in the slightest - but if he can make some good for it - why not.

RockBell

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Quote from: FortuneFollower on November 15, 2024, 02:27:57 AM

I also think that in the long-term - everything will be fine with or without Donald, the real deal is how he will enact ideas the that he offered before he was chosen to take a seat.
US-made BTC (his words) sounds not so good and more like a product than the crypto Roll Eyes

And what happened in this case is not a joke, because no one whould have thought about trump using bitcoin as way to run his campaign and it was a win win for the both of them and the moment trump started showing intrest in bitcoin everything changed and that is why people are still surprised but things like this are not new so you just have to accept it the way it is because it is not as if the increase is a bad thing this is like the people's moment and those thy have waited for a long won't have a choice than to want to make profit of what they have lost.

This shows that have patience is worth it, and people now will have their regrets starting from those that sold there before this time and those that did not even buy at all even after encouragement from different places and they still refused to buy it's no body's fault but there's when you tell people to buy bitcoin and hold they don't take it seriously.

But as it's happen now they will be in serious regret why they did not buy and hold even in this forum countless times they have made it a campaign buy and hold do DCA and the rest but people feel they are trying to make them lose money instead of getting money, all this is lack of understanding nothing else.

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Quote from: Slow death on November 16, 2024, 11:18:40 AM

The truth is that Trump managed to please Bitcoin supporters during the campaign and with his victory the price is rising a lot, because people are convinced that at least they have a chance of seeing Bitcoin being more accepted by US regulators. It is true that he needs to create good laws about Bitcoin and these laws are created in the Senate. But if Trump continues to be pro-Bitcoin even in office as president and convinces the Senate not to be hostile to Bitcoin then we will have a healthier crypto market and Trump so far seems to be still fulfilling the things he promoted during the campaign, I say this because I see news about the appointments he is making. Now if Trump had lost, the price would certainly have fallen a lot.

Some people are still skeptical of Trump and believe he may not keep his promises to the crypto community. That scenario is also possible, but if people follow the news about the selection and appointment of personnel in the Trump administration. People will realize that there are a lot of pro-crypto and crypto-friendly politicians in the Trump administration. He may not be able to fulfill every promise he made during his recent campaign, but at least an open and crypto-friendly administration under him will become a reality.

Yes, we won't see a bull run like what's going on if Trump loses but I think that dumps won't last long either, it will be short term. In the long run, nothing will probably change, Bitcoin will continue to grow and the bull season will come regardless of who is president.

Rikafip

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Quote from: Ejarwan on November 15, 2024, 10:26:56 AM

It's understandable to worry about Bitcoin's future with President Trump becoming president.

Why?

I don't remember him saying anything that should worry bitcoin holders, on the contrary-he has been pro bitcoin/cryptocurrency in general. He was of course doing that just for the sake of votes and not because he actually supports bitcoin and everyuthing that it stands for so I see him as yet another useful idiot.

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Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

It doesn't mean that Trump won that the price of bitcoin will be in danger; you see, the number of the election was not over at the time when it was just counting who, and the price value of bitcoin in the market immediately increased. And I can't say that bitcoin went up because Trump did it; of course that's not the case.

Many whale investors must have manipulated the market where, when the election numbers were just before, there were many groups of whale investors who bought huge amounts, which caused the price of BTC to rise in the market, and when they knew they were going to take profit, they sold.

Slow death

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The truth is that Trump managed to please Bitcoin supporters during the campaign and with his victory the price is rising a lot, because people are convinced that at least they have a chance of seeing Bitcoin being more accepted by US regulators. It is true that he needs to create good laws about Bitcoin and these laws are created in the Senate. But if Trump continues to be pro-Bitcoin even in office as president and convinces the Senate not to be hostile to Bitcoin then we will have a healthier crypto market and Trump so far seems to be still fulfilling the things he promoted during the campaign, I say this because I see news about the appointments he is making. Now if Trump had lost, the price would certainly have fallen a lot.

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Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

The introduction of new crypto by Trump and Elon Musk is not a way to stop bitcoin from making it waves in this digital crypto era, it’s also a way to help boost bitcoin and other cryptocurrencies more in that region. Which in turn will help boost the actualization and mass adoption of bitcoin worldwide. His support really means a lot and now that a major support is being felt from the US president, we will see bitcoin succeeding more even if the government put some regulations on them. Trump won because of his support for bitcoin, in the coming years we will see how true he is to fulfill his promise to the bitcoin community.

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Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

I am pretty sure that it will be decent, not really expecting anything big from this at all. I understand why it may look like this, but at the end of the day it is going to be a decent one without a doubt. The real trick is that if we end up with Trump putting someone at SEC chair that is procrypto then we are going to benefit from this unlike anything we have seen so far. This is why we need to wait until all appointments are official before we make a big news out of this.

Furthermore, until January, he can't really do anything, he can just talk, but that's about it and nothing further, all he can do is just talk and that's it. It means that we are not going to see him change anything for a few more months. So give him time to get the position first, and then give him some time to make his moves, eventually, like six months after his taking position, he may actually do something good, or maybe he won't, but to know that, first we need to give him some time.

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Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

Going by the campaign done by Trump where he did mentioned Bitcoin at some points and even went ahead to transact with it and also spoke about it at some point so I'm hoping that he affects thw growth and adoptability of Bitcoin especially around the US.

As for the coin been anticipated that he wants to push alongside Elon, if at all there's any of such then maybe that would be the competition somehow tho not completely because it will be regarded as an alt but Bitcoin will always stand out even if it my strive through some challenges but will always pull through and stand out.

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It's understandable to worry about Bitcoin's future with President Trump becoming president. However, Bitcoin is decentralized and has proven resilient against regulatory changes. While there are rumors about Trump and Elon Musk promoting a new cryptocurrency, be cautious—these could be misinformation or scams. Bitcoin's recent price increase is due to various factors, not just the election outcome. Overall, Bitcoin doesn't appear to be in trouble, but it's important to stay informed and be wary of unverified claims.

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Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push.

Well, for what it is worth the speculations around the future of Bitcoin have somehow been tied around the just concluded Election for POTUS. Bitcoin on the other hand have a bigger picture far beyond whoever becomes President. The regulations will differ around Trump but on the other hand the relevance will be seen as other bigger entities will want to adopt it.
As for any chance that him and Trump will try promoting a new coin asides bitcoin, I feel that they both do not have what it takes to stop the growth or progress of bitcoin even though they are currently contributing to it.

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Quote from: Kelward on November 14, 2024, 07:38:27 AM

Quote from: platinumsteel2016 on November 13, 2024, 09:22:35 PM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

Trump, is not president yet and Bitcoin is doing very fine, I doubt that Bitcoin will be in trouble when he begins his administration. Bitcoin has survived many unfriendliness by many governments policies and regulations, yet it's adoption is still increasing, this is because it's power is in the hands of the holders. That being said I believe that there'll be favorable regulations for Bitcoin in the US, this is because it should be obvious to Trump, that Bitcoin can not be pushed aside, the American people have accepted it.

The government has not been friendly to bitcoin but they are not too concerned about it either, they have ignored it and investors in the past. But as it gained more and more attention and became more popular, the government started to notice it and wanted to intervene. So I wouldn't take what happened in the past as a measure of the present and future, and think that bitcoin can still continue to grow if we have an unfriendly government.

This world belongs to governments and if we want bitcoin to become globally popular or become big or play an important role in the economy , it cannot be done without government permission . That is why not only retail investors but most crypto companies expressed support for Trump in the recent election. Because they believe Trump will be more friendly and open to the crypto industry .

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Quote from: Finestream on November 14, 2024, 08:59:35 AM

Elon was given a task to lead the Department of Government Efficiency which stands for DOGE so I think bitcoin won’t be at risk here. Elon is focused on optimizing government efficiency with the hope of colonizing Mars one day, so I think that won’t affect bitcoin at all. And as long as Trump will continue to support bitcoin, even without Trump or Elon in the picture, I guess bitcoin price will continue to surge high not because of them but because bitcoin has its high potentials to skyrocket in the future.

I also think that in the long-term - everything will be fine with or without Donald, the real deal is how he will enact ideas the that he offered before he was chosen to take a seat.
US-made BTC (his words) sounds not so good and more like a product than the crypto Roll Eyes

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