Topic: Trump selling his own token, is it a joke? (Read 143 times)

To be honest if he really support crypto he doesn't need to create any token since creating a law towards its adaption is enough.

By creating this token its like he's taking advantage on the hype he created and maybe they projected to earn millions of dollars that's why they push to have those pre sale phase. I don't know what will happen after it so hopefully we don't see any bad effect brought up by the token he created.

Will not buy this token but want to follow the updates on their project.

Trump thinks of his ass first and if there is an opportunity to exploit and cash in on the current popularity, he will certainly do it. If he had any intention to really do something useful, he would have joined a development program and not another shit token.
The paradox is that there are still a large number of those who see him positively in the crypto ecosystem.

And check this out.

Very strong choice of people running the show.

I guess it is not exactly necessary especially he does not seem to be credible enough to release a token but just like anyone else he can create his own token and release it. It is up to us investors to ask the question to ourselves. Will it be necessary to buy his token? I guess if you want to earn then you can even though I doubt it will have any real-world use case at all. I don't know if he will integrate this token in the government if he wins. To me this just seems like a publicity stunt and a cash grab.
It would seem contradicting, honestly. Why not just use bitcoin if he believes in it so much? I hope the time where he endorses his token to be the better cryptocurrency compared to bitcoin never comes.

This is one of the best times to sell the token, considering that he will be using his popularity as an added advantage. Donald Trump is a business man that understands times and seasons, so asking if it's necessary for him to create his own token is like saying a business man shouldn't invest when sees an opportunity to.  Of course if he wins the Presidential race, both his token and Bitcoin will experience positive impact. Donald Trump is a politician that knows his onion, he knows what his audience wants to hear, so let's be mindful how we help propagate some of this his ideas, it's election season so we shouldn't be surprised to read some of this information on newsflash.

It seems to me that this token has nothing to do with Trump.

From the last report I read on this news, Donald Trump has sons that intend to launch their own coin, hence why he is a big supporter of cryptocurrency, am not particularly sure if his interest in cryptocurrency involves a major stake in owning BTC, but if his sons were to launch their own coins and Trump is in support of BTC and crypto currency in general, then it is not a joke that he is selling his crypto currency just to show that he has some and that he is a big supporter of cryptocurrency.

Not really no. Pretty sure back then a few years back he even made his own NFTs when it was peak NFT season-ish? Pretty sure it was on the news but nothing really came about it. Just news about it lol. I'd reckon the same would happen here.

And honestly, regardless of the stance Trump or Harris have, I am pretty sure Bitcoin would still continue on its own pace. Pretty sure in the first place Trump is just fishing for votes with his so-called support for Bitcoin. After the election it's just going to go whoosh. And to be fair, if he really was pro-Bitcoin he wouldn't make his own shitcoin.

That sounds more like a support for the scam market where scammers create completely useless tokens and sell it to any "gamblers" who would buy that junk hoping its price would rise and make them a tiny bit richer

No, it's not a joke, and I never consider anything relates to money is a joke. Your money is real, and you can spend it to get more from profit, or spend it for bad investment and lose most or all of it.

If this attempt helps Trump to collect more money for his Presidential campaign, it's real success for him, not a joke. It's not joke at start and at the end too.

This thinking can be true or not true, but even Trump as a President can bring positive effects to Bitcoin market, it is only short term, only four years for him to do this. Bitcoin adoption is like a Snowball that can not be stopped because after 15 years since 2009, now it is strong enough for name calling it as a Snowball.

After a next Presidency with either Trump or Harris as a President, Bitcoin will continue its growth.

Bitcoin is not dead and will not die next four years.
Will Kamala Harris or Donald Trump succeed to kill Bitcoin market?
They won't.
https://99bitcoins.com/bitcoin-obituaries/
https://buybitcoinworldwide.com/bitcoin-is-dead/
https://www.bitcoindeaths.com/

This is an insult to the intelligence of the Bitcoin community. It turns out his concern and interest in Bitcoin weren’t genuine. If he truly cared, he would’ve done thorough research and understood how the community feels about the president pushing a shitcoin. Wrong timing. He thought he was making a smart move, but it’ll only disappoint Bitcoin investors.

Trump should know: “Ain’t no coin like a Bitcoin party.” 

https://www.forbes.com/sites/maryroeloffs/2024/08/27/trump-selling-more-nft-trading-cards-as-he-courts-crypto-voters/

I don't see a correlation between Trump selling his shit tokens and the Bitcoin community. He has ever done it in the past by selling his crappy NFT that was made by a 10-year-old designer. Yet, he's at it again. He's selling a lousy token to raise $300 million. He hopes to make his WLFI worth $1.5 billion.

And i was wondering who's gonna buy this shit token. I think this can be one of the biggest rug pull token by him. But, this belongs to the altcoin section considering it has nothing to do with BTC.

Don't fall into this.

And I'm totally sure even without looking that your country would lose by any 100 indicators when compared to the US, be it education, GDP, poverty, or access to anything. Am I right?


Trump's stance on Bitcoin is that he can get votes by faking he is interested in it, in reality, all that he cares about is power and money, and since he can't make money easily with Bitcoin he does what every single summer or pump and dumpers did since 2013 and that's creating his own token and selling it to gullible fools that think they will become rich from it!

People should aware that the real WLFI is this one https://www.worldlibertyfinancial.com/

Not https://wlfi.club/ or https://worldlibertycto.vip/ because this two projects are listed on Coinmarketcap.

If Trump created his own token instead of adopting Bitcoin, he's not really a Bitcoiner. Yeah he not have to be a Bitcoin maximalist, but creating own token for the sake of money seems not like a genuine person who want to support the countries, instead it's for personal beneift.

Yes, that is correct: if Trump wins in November than the US president will be competing directly with Bitcoin in the marketplace.

Trump will have absolute control over the US government if he wins, as the Congress will (presumably) have a Republican majority, and Trump has demonstrated absolute control over the Republican party in the last four years to the point where he has kicked every single Republican who voted to impeach him out of the party. In other words, people should not imagine Trump will be constrained by Congress (and all you have to do is flip over to the P&S forum here to see that his supporters absolutely don't want him to be).

As such, Bitcoin operating in the US will be akin to western products operating in China that compete with those owned by the CPC: the government will have a vested interest Bitcoin's denigration in order to prop up the preferred product, in this case Trump's coin.

Indeed, if Trump wins, the most astute thing the Bitcoin community could do would be to simply give Trump (himself, personally) perhaps 25% of Bitcoin so he won't have a vested interest in killing it. If they do that, then Trump could well do the opposite and make every other crypto illegal and only allow Bitcoin. Short of something like that, however, I suspect Trump's currency will surpass Bitcoin and all of the others in value if he wins. With the full power of the US government behind it, there would be no stopping Trump's coin.

The token in question and its idea are entirely not Trump. I believe those are just some developments and suggestions from those who are close to him as a means of raising funds for his campaign, and as a public figure that he is, he is not even supposed to go into such a project that will lead to launching a coin because his influence on those that blindly follow him can push them to invest heavily in the coin, and the outcome might not end positively.
 
And why do they schedule the token sales to be before the election? I can only think of two reasons: if he doesn't win the election, there won't be more people interested in buying the token again, and if, on the other hand, he wins the election, the token will skyrocket to the top, giving them a chance to dump a significant amount of the token at a good price.

Donald Trump promised that if he became President again he wouldn't sell any Bitcoin that the US government owns. He made mention of making of buying more Bitcoin for the government and making the US the crypto capital of the world. By the the announcement of this public sale of this token we are gradually seeing what he means by making the US the crypto hub.
 
I guess that the Trump family sees the crypto industry as a means of making more money. If he becomes president, more shitcoin projects will be developed and his family and friends will spearhead them and make enormous profits. Bitcoin is the leader of the crypto industry, so his positive view of the industry might also have a positive effect on Bitcoin. But we should make it clear that Trump doesn't have a genuine love for Bitcoin but for what he would gain through it.  

https://www.coindesk.com/business/2024/10/11/trump-supported-world-liberty-financial-will-start-public-token-sale-next-week/

Creating his token is not a new news and has nothing to do with Bitcoin.

https://www.certik.com/resources/blog/3SMOuGMCSttY4pQW6I49W2-dough-finance-incident-analysis

These are the spearheaders of the project.
Well I know individuals that invest in this Scam are going to loss their money
Maybe it would make Bitcoin become more attractive in their eyes.

Personally Trump or Harris?
I just pity the US.

Maybe he is thinking to go all-in on Bitcoin and disposed all shitcoins?

We all knew from the start that everything is just a political ploy to boost his reputation among crypto user. Crypto community is know for easy to hype due to FOMO which is why it’s the easiest target if you want to make some noise due to the social media power for promotion nowadays.

Trump is a double edge sword for Bitcoin. I don’t have any problem with him if he will not oppose to Bitcoin adaptation in the US if he won. Idc if he is not a holder since Bitcoin should be decentralized and not focused to few individual.

Right from when I first read the news about Trump being the first US president to use Bitcoin to pay for something I just knew that it was all a political stunt. Did you watch the video? He didn’t even do shit - no offense but all he wants is the support of the bitcoin community and even if he wants to work or do anything in the crypto space he won’t do it through bitcoin directly he’ll definitely creates his own token to do it.

Trump is a businessman and so it shouldn’t surprise us to see something like this - even his son Trump Jr is seen promoting memes token on X (formerly known as Twitter) so this shouldn’t be any different from that. It’s just a businessman trying to do business.