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Topic: Trump's statement against cryptocurrency (Read 1655 times)

full member
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July 28, 2019, 01:21:44 PM
How the crypto market will react now? President Trump's statement against bitcoin and cryptocurrency. Trump for the first time come out openly against cryptocurrency. The US is one of the countries having a large share of cryptocurrency market. What will be future implication following Trump coming down heavily on cryptocurrency? 
no one will not control the cryptocurrency world because it is not dependent on anything that is the most useful development and also the feature involved in every cryptocurrency so that I think cryptocurrency are the future of our world.
jr. member
Activity: 280
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Trump is talking too much but he is very likely to change his decisions. Lets' wait what happens with Libra, because chances are not great till now. However, what can he do to harm crypto industry, because at the moment US Government has absolutely no influence on crypto.
full member
Activity: 966
Merit: 104
Perhaps Trump expressed only his opinion, which is not official.  In any case, today a lot of cryptocurrency companies are registered in the USA, such as Tron, for example, whose activities are not at variance with the law.  Therefore, I believe that in the United States a cryptocurrency will be implemented, but there will only be certain rules for its use.
sr. member
Activity: 2254
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How the crypto market will react now? President Trump's statement against bitcoin and cryptocurrency. Trump for the first time come out openly against cryptocurrency. The US is one of the countries having a large share of cryptocurrency market. What will be future implication following Trump coming down heavily on cryptocurrency? 

The future is ok with or without that tweet, Bitcoin has withstood everything and Bitcoin is too big for Trump to get affected, and besides, there is nothing in his statement that he is against Bitcoin and will do a clampdown, and persecute Bitcoin investors.
full member
Activity: 822
Merit: 100
Trump statement will not determine the future of cryotocurrency, he isn't believer of cryptocurrency doesn't mean he won't be convinced about the good side of crypto in the neatest foreseeable future, he made a good point about the volatility of crypto, thats its own nature we have to deal with it .
member
Activity: 1764
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Unfortunately, the cryptocurrency market is very dependent from the US and due to the fact that Trump does not want to make cryptocurrency legalized, which is why we of course understand everything and this of course does not completely open the cryptocurrency sphere at the moment.
sr. member
Activity: 1344
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It's just a mere pump,  no one can stop the evolution of bitcoin,  cryptocurrency is here to stay, lots of government officials and media might be secretly buying at cheaper rate,  watch out for for when they gonna accept it and see the huge pump
member
Activity: 63
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That reflects why so many exchanges and IEO are restricting any USA citizens from participating. They just don't want to take the risk of accepting USA citizens and face the consequences.
However, it seems that there are some people in their government that opposes to what Trump has said and I don't think that USA will enforce any even more strict regulation as of now.
Just because they are from exchanges based on USA, then their IEOs have to followed rquirements of USA governments. There are some online casisnos restrict USA citizens to join. If you want to join something restricted in your nation, simply choose others in other nations as alternatives.
legendary
Activity: 1736
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This tweet was shared for the purpose, in my opinion, there is no reason to discuss the opinion of the US president here. He has no single Bitcoin investment and he was busy with his traditional business.
member
Activity: 63
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I don’t think any presidential act will happen against crypto because crypto has no bad effect on the economy of any country so they don’t have any reason to ban. Crypto currency is anonymous so I think even after banning people can store it and can sell online then but I don’t consider the news of crypto banning by US government reality.
Without latest tweets of the President Trump, the USA has already had strict rules and serious managements on crypto. The nation is one of the strictest nation on crypto management, from crypto exchanges, to fundraising (ICOs, IEOs). Unfortunately, with negative perspective of Trump on crypto, that nation might implement stricter managements.
hero member
Activity: 3178
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How the crypto market will react now? President Trump's statement against bitcoin and cryptocurrency. Trump for the first time come out openly against cryptocurrency. The US is one of the countries having a large share of cryptocurrency market. What will be future implication following Trump coming down heavily on cryptocurrency? 

The market reaction on Triump statement was not that significant because he was just trying to spread Fud and its not something  new in crypto. Its just avenue to buy coins very cheap from the weak hands. I guess the weak hands reacted swiftly and decided to give up their coins at lesser price.
Knowing that Trump has always change his mind more often, people will not really be affected with this opinion even the market price. There are more negative news in the past but still crypto managed to recover again its price reaching another peak. So this is not new to us and we should not be affected that much.
hero member
Activity: 1078
Merit: 501
In my opinion, it does not matter what the president says about cryptocurrency. Of course, it would be great if he urged everyone to buy Bitcoin and invest in cryptocurrencies, but what he says about Bitcoin is already good.
It doesn't matter? are you jooking? the tweet that created by a president can be considered as a reliable source to determine the future of the crypto in US. if the president decide to ban it and crypto will be over.
I don’t think any presidential act will happen against crypto because crypto has no bad effect on the economy of any country so they don’t have any reason to ban. Crypto currency is anonymous so I think even after banning people can store it and can sell online then but I don’t consider the news of crypto banning by US government reality.
full member
Activity: 672
Merit: 100
How the crypto market will react now? President Trump's statement against bitcoin and cryptocurrency. Trump for the first time come out openly against cryptocurrency. The US is one of the countries having a large share of cryptocurrency market. What will be future implication following Trump coming down heavily on cryptocurrency? 

The market reaction on Triump statement was not that significant because he was just trying to spread Fud and its not something  new in crypto. Its just avenue to buy coins very cheap from the weak hands. I guess the weak hands reacted swiftly and decided to give up their coins at lesser price.
copper member
Activity: 364
Merit: 1
August 16, 2019, 04:37:47 AM
The Presidents statement on cryptocurrency really had a bad impact in the crypto market. I guess the downtrend of events in the market started after that announcement by Trump. But in a way, I see it that the president somehow announced cryptocurrency to the world.
sr. member
Activity: 1270
Merit: 254
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August 16, 2019, 04:00:58 AM
The crypto market has reacted like nothing has happened. Even following the statement by Trump, bitcoin has risen and altcoins followed suit.
Cryptocurrency is being adopted so intensely that nothing bad will affect the crypto market.
you are not right. Trump strongly affects the cryptocurrency market. His statements slow down its implementation very much. when the president changes in the USA then the market will begin to grow very quickly
jr. member
Activity: 276
Merit: 1
August 16, 2019, 03:44:24 AM
The crypto market has reacted like nothing has happened. Even following the statement by Trump, bitcoin has risen and altcoins followed suit.
Cryptocurrency is being adopted so intensely that nothing bad will affect the crypto market.
full member
Activity: 653
Merit: 183
US president is talking about cryptocurrencies, it doesn't matter if he is talking in positive or negative way, it matter that he is talking.  Wink
True, good expose for a crypto scene no matter they post it good or bad. But the KYC and heavily regulation law from the US make harder for crypto as well.
hero member
Activity: 812
Merit: 503
Many people believe Trump's statement led to downtrend of the market after a move for BTC to 13k$. Well, market emotions affect the crypto market greatly, since a slight FUD will cause many to dump their holdings. I also want crypto enthusiasts to understand that when these big shots draw attention so much to crypto, it means they are showing interest.  Let's try to be Patient when holding crypto, you wouldn't know if the people castigating are actually doing so to take position and buy bitcoin.
full member
Activity: 1372
Merit: 133
What Trump is saying does not mean that they will do it all over the world.  Although nothing negative happened yet, although the tax service in the United States only stated that users of cryptocurrency were preparing to pay the tax, and Trump expressed his personal opinion.  I think that in India the situation is much more complicated when people face a ten-year imprisonment.
hero member
Activity: 2184
Merit: 513
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I don’t think any presidential act will happen against crypto because crypto has no bad effect on the economy of any country so they don’t have any reason to ban. Crypto currency is anonymous so I think even after banning people can store it and can sell online then but I don’t consider the news of crypto banning by US government reality.
Without latest tweets of the President Trump, the USA has already had strict rules and serious managements on crypto. The nation is one of the strictest nation on crypto management, from crypto exchanges, to fundraising (ICOs, IEOs). Unfortunately, with negative perspective of Trump on crypto, that nation might implement stricter managements.
That reflects why so many exchanges and IEO are restricting any USA citizens from participating. They just don't want to take the risk of accepting USA citizens and face the consequences.
However, it seems that there are some people in their government that opposes to what Trump has said and I don't think that USA will enforce any even more strict regulation as of now.
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