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Topic: Why president Donald trump is not a fan of bitcoin? - page 2. (Read 1106 times)

member
Activity: 224
Merit: 62
who cares what he thinks, the guy is 73 dating/married to a 49 yr old, that is a 23 year age gap, that is like if he was 30 dating a 6yr old. "grab em by the pussy"

also he is a fan of bitcoin, it is all reverse social engineering to make other countries think bitcoin was not created by the nsa.

(N)akamoto (SA)toshi  Cool
member
Activity: 882
Merit: 13
Because trump is too late to buy bitcoin on $3k - $4k range he is fudding to make bitcoin price goes down and accumulate. About Libra they are a threat to US dollars that's why Libra will get a hard time launching their coin in the USA, Mark Zuckerberg must relocate to Malta if he want to successfully launch his coin.
sr. member
Activity: 798
Merit: 258
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations

What's the reason behind this criticize?

I saw that post today and going Viral, but we must more carefull who HOLD bitcoin , this tweet may triggered USA investor to sell they BTC , since yesterday BTC wasnt in a good shape

I think it is because for business reason,  Donald Trump might be thinking that He was one of the most powerful leaders in the entire world and has a big connection, so for Him, bitcoin is just nothing for him. And you were right We must be careful in our bitcoin holdings, especially now it went down into 10, 248$ each but now recovering again its price in the market.
full member
Activity: 224
Merit: 100
I will do wonder for YOU!!!
Maybe because he is an old school...  It is not like he is not a fan yet but maybe because he is still transition of how is he going to understand and doing it....
full member
Activity: 630
Merit: 123
Join @Bountycloud for the best bounties!
Trump is not a technician guy. And he is old for those technologies. He is a businessman, trader. After some time he will understand how everything works and start to say that BTC and crypto is the main technology of this century. He will be involved soon.
legendary
Activity: 1638
Merit: 1013
so, what will happen if Trump is not a fan of bitcoin, will it damage bitcoin, I think bitcoin is still alive and has many large communities throughout the world, there is nothing interesting with his tweets, so just look in the next few years whether he will become a bitcoin fan or not

I think the publicity given to Bitcoin placed it right up there among the other important matters on the world stage. By raising Bitcoin to the highest level placed a focus on it and might just cause the opposite effect than was planned by more people getting involved and not less. It is almost like those alien movies where every time you hit the blob it becomes bigger.

To your question, progress might be slowed down by regulation, but Bitcoin will not die (I believe it will become bigger) and some of the other platforms will also survive.
jr. member
Activity: 58
Merit: 1
He won't be able to manipulate with btc as he manipulates with usd right now.
member
Activity: 882
Merit: 14
there are several reasons why govs and donald trump not a fan of bitcoin and cryptocurrencys is. first of all its an attack of the national currency. next is they can't print it when they are out of money and at least two reasons: The have absolutely no control over your funds and if you do it right, you can stay nearly anonymous respectively just as an alias, your btc address.
newbie
Activity: 15
Merit: 0
He's just a fool or smart enough to be afraid of the crash of his usd and creating a new, decentralized market.
newbie
Activity: 3
Merit: 0
very simple !!
he cant print it, generate debt enslaving the world through debt,
anyone that knows about fiat knows they create it out of thin air but they only create the principal never the interest.
work it out, how does that work, well it doesnt 99% of people will always be poor to the 1% and they will do ANYTHING TO DEFEND THIS including destroying/outlawing all crypto/bitcoin

sr. member
Activity: 360
Merit: 251
I guess he just has nothing better to do. He is a fudder. I can't believe he leads a country. It is no surprise he doesn't like bitcoin. He wants people to buy USD. He even says USD is the best currency of them all and to him anything that is not USD is bad. xP

He is the president of US government.

Their government is dependent on dollars .

Dollars needs investors to stay strong , now people are moving from Dollars to Bitcoins.

He is just trying to discourage some 10-15 people who follow him from investing in Bitcoins and asking them to go for money ' meaning *USD* .

That's a major political move only .. nothing else.

lol 10-15 people. xP Ikr. I think the rest of us laugh at him and think he is a clown.  Tongue
full member
Activity: 1498
Merit: 129
I do not see anything bad in what he said. The same thing anyone who does not know much about crypto will say. By the way, we all know that what he said is damn right. Crypto is very volatile and this is one major drawback that limit the acceptability of the digital asset. If you have invested huge sum of money on a business. I do not think you will think of integrating any digital coin as a payment processor for your business especially if you have witness what happened to the price of bitcoin in 2016 to 2019. However, I believe the Libra coin is making him to say all this things because he knows zuckerberg is one dawn achiever.
hero member
Activity: 1862
Merit: 830
He is the president of US government.

Their government is dependent on dollars .

Dollars needs investors to stay strong , now people are moving from Dollars to Bitcoins.

He is just trying to discourage some 10-15 people who follow him from investing in Bitcoins and asking them to go for money ' meaning *USD* .

That's a major political move only .. nothing else.
full member
Activity: 1134
Merit: 105
Well i think we have our different sights with regards to bitcoin and president donald trump has maybe a reason why he is not a fan of it. Maybe his sights is different from us. I think we should respect his decision. I believe that not only donald trump but there are also so many people that didnt wanted crypto.

If donald trump does not like crypto, it is his personal decision and he cannot ban bitcoin.
He can only make it illegal in USA, which i doubt he will ever do.
legendary
Activity: 1851
Merit: 1020
Get Rekt
He is not a fan of bitcoin because the state can not control it. He is in favor of people paying taxes and using goverment issued money. He also has been in favor of making it harder for people to send money from the USA to Mexico and if he does get a bill passed that will make it harder to use services like western union to send money south of the border, bitcoin could have another real world use case.
full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

don't worry, this whole drama is all about Libra.
they don't want to let Facebook become a bank that easily. they will either prevent Libra from even seeing the light of day and be created or they will ask to have a hand in it and have access to all the transaction records. and since it is centralized, closed sourced and private blockchain, it can easily be achieved.

Facebook Libra became a bank definitely sound disruptive to me, it could be the most happening news ever in this year, since we would properly wont have many more crypto mega hit headlines to come, and even Trump couldn’t ignore that, but I’m not sure how it will end, may be Libra could aid bitcoin adoption to a whole new level than that of the 2016/2017. Let’s wait what will be the global reaction to this news, I wonder India will try to ban it?
hero member
Activity: 2926
Merit: 567
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air”

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations

What's the reason behind this criticize?

He represents and part of the government and he will do everything that will take out the government hold of its citizens, the government of the United States wants regulation and to collect taxes, but he is right in saying that he doesn't want Facebook to create their own money.
hero member
Activity: 1722
Merit: 528
Well i think we have our different sights with regards to bitcoin and president donald trump has maybe a reason why he is not a fan of it. Maybe his sights is different from us. I think we should respect his decision. I believe that not only donald trump but there are also so many people that didnt wanted crypto.

Trump has the same reason with other great investors.

I heard this a long time in an interview though I can't remember when and what is that video. The interviewee are saying that the value of Bitcoin is came out of thin air, and he don't want that. Me that don't know anything Bitcoin but I am using it was confused since I know that the price of it is great but the thing is that the value is just well, it has no intrinsic value.
sr. member
Activity: 1009
Merit: 328
Well i think we have our different sights with regards to bitcoin and president donald trump has maybe a reason why he is not a fan of it. Maybe his sights is different from us. I think we should respect his decision. I believe that not only donald trump but there are also so many people that didnt wanted crypto.
hero member
Activity: 1596
Merit: 534
Probably has something to do with him being a multi-billionaire and not having the need to speculate on high risk deals.

2nd. He probably likes the economy the way it works today. Since it made him extremely rich.

Why change from what works to something else?
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