Topic: Why president Donald trump is not a fan of bitcoin? - page 3. (Read 1185 times)
To be honest I think trump doesn't like decentralization system and its noticed from his tweet. Everyone know that they like to control everything, so how they will like a decentralized system which is unable to control by them? I think this is only reason why trump doesn't like bitcoin or other crypto-currency. And I am not surprised about his statement. But wondering why suddenly he is make a comment about bitcoin and other crypto-currency.
This could be because Facebook is developing Libra, and Trump doesn't seem to agree. But Trump feels that this time is wrong, even Libra will survive because it already has a qualified developer.
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
In General, it is not clear why he decided to speak about cryptocurrencies right now,but nevertheless, Americans will still invest in assets despite everything
I believe it is all about the Libra coin that he's talking about and not really the cryptocurrency but whatever he just said before that he's not a fan of Bitcoin nor cryptocurrency. It is just a call to make a change for their centralized currency for their investors, probably.I think this is just an FUD spread by a handful of people to drop bitcoin, we know that lately bitcoin is on the rise. This triggered a handful of people like Trump to drop bitcoin, but unfortunately they were not strong enough to drop it.
I don't care what the man talks about, he always makes decisions that can change an economy. But here he can't do anything because the central policy that he has has no effect on decentralized bitcoin.
Trump is not exactly your everyday kind of guy that will just open up to something or admit to anything that easily, otherwise he wouldn't be Trump right! He is the president of the United States and government in most part of the world are against crypto already, i don't think Trump wants to be the one to speak in favor of crypto or btc,
We know the impact of what could happen if he tweets to support btc! price will explode
I don't think he hates btc either, just politics.
We know the impact of what could happen if he tweets to support btc! price will explode
I don't think he hates btc either, just politics.
What's the reason behind this criticize?
It seems like Facebook's Libra cryptocurrency has ruffled a few feathers. Several Congresspeople immediately took up arms and pushed for a moratorium on the Libra project while they presumably work on hastily passing regulations on cryptocurrency. Now Trump is joining the party.
Sadly for US users and traders, this is a sign that unfavorable legislation is coming down the pipeline.
I want to agree with you on that, Libra has triggered a shit storm with their announcement. The US government has not seen Bitcoin as a threat, because they defined it as a commodity and not as a currency. Now Libra comes along and it is backed by a large corporation and it challenges the Dollar as a reserve currency.
Donald Trump has built his campaign and presidency around the strengthening and protection of the US economy and the Dollar and now Libra pose a threat to the Dollar.
Expect to see a lot of protection mechanisms kicking into place to fully regulate Crypto currencies and protect the US Dollar in the near future.
Facebook Libra coin is a curse for bitcoins, and I hope Libra coin is taken off the market before it does more damage to bitcoin. As @Kakmakr rightly pointed out that Trump had build his campaign around US economy and USD, hence he had to take a stand as Libra coin will be launched just ahead of USA presidential elections. Those mechanisms will be very bad for bitcoin and the entire crypto market, I do hope bitcoin enthusiasts in USA will take a stand against it.
... the only way to control bitcoin is thru 51% attack, which is very difficult to achieve even for potus. May be more regulation to centralized exchanges?
I agree and I suspect the regulatory efforts will be initially directed towards exchanges. They will attack the fiat to btc bridges and essentially cutoff law abiding citizens from practical access. Or they will try to anyway.
I don’t mind what they want to do with Libra, as long as they don’t plan anything on bitcoin itself, and I’m seriously surprise how Trump who is not a tech savvy, would got to know bitcoin, I think someone told him about bitcoin, I don’t believe Trump is skillful enough to navigate smartphone, and he could only stick with twitter because it is chartered to the complete novice like him, I’m eager to know how much he got to know about bitcoin, may be what he had merely know its name, not clue about the tech or the founder itself, and the Libra too, he probably have very limited understanding.
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.
the catchphrases guy? why worry? trump not being a bitcoin fan is plausible. weird is who supports both - trump and bitcoin.
Because he is a president of "dollar" and businessman who needs a dollar.crypto is a threat for him.pathetic but fact.
after trump's attack on bitcoin, Tom Lee says crypto could push bitcoin up to $40,000 by year-end
... the only way to control bitcoin is thru 51% attack, which is very difficult to achieve even for potus. May be more regulation to centralized exchanges?
I agree and I suspect the regulatory efforts will be initially directed towards exchanges. They will attack the fiat to btc bridges and essentially cutoff law abiding citizens from practical access. Or they will try to anyway.
I don’t mind what they want to do with Libra, as long as they don’t plan anything on bitcoin itself, and I’m seriously surprise how Trump who is not a tech savvy, would got to know bitcoin, I think someone told him about bitcoin, I don’t believe Trump is skillful enough to navigate smartphone, and he could only stick with twitter because it is chartered to the complete novice like him, I’m eager to know how much he got to know about bitcoin, may be what he had merely know its name, not clue about the tech or the founder itself, and the Libra too, he probably have very limited understanding.
US President Donald Trump spoke out sharply against all cryptocurrencies. He stated that he does not trust cryptocurrency and does not advise others.
In his opinion, cryptocurrency is not money, because their value is kept on the air. My opinion - the growth and development of cryptocurrency leads to a decline in the dollar and the US economy .......
In his opinion, cryptocurrency is not money, because their value is kept on the air. My opinion - the growth and development of cryptocurrency leads to a decline in the dollar and the US economy .......
Probably. Because as I have read from a different thread that, Trump speaks negatively about cryptocurrencies because the United States Dollars(USD) is losing its purchasing power. Maybe we could say that he is afraid in such happening. And maybe, he can already see the future in it but because he doesn't want it to dominate and still want centralized currency to be the boss, the option he use is to say all the negatives about it.
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?
In General, it is not clear why he decided to speak about cryptocurrencies right now,but nevertheless, Americans will still invest in assets despite everything“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?
true mate and fun to see smart people around here
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?
In General, it is not clear why he decided to speak about cryptocurrencies right now,but nevertheless, Americans will still invest in assets despite everything“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?
its not about libra as libra work with the big boys, like paypal and banks and governments and backed(scam) by usd....nothing wrong with libra...
taxis hate uber and in some point they just start to scream that uber is fucking going to eat us very simple.
all the stable coins is scams espacially the stable coins that backed by gold or diamond and other shit, because the value of crypto ral coin its come from its peer to peer and its store of value and cash in the same time SO WHY ITS NEED TO BE BACKED, paper money even not close to this kind of value.
the only real crytpo stable coin which not backed by anything and backed by it self smart code which produce or reduce the amount of coin relative to the buying/selling rate and by this keep stable price....all the others that backed by whatever is scams
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?
In General, it is not clear why he decided to speak about cryptocurrencies right now,but nevertheless, Americans will still invest in assets despite everything“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?
sorry to say you dont aware what you output from your mind...huge red flag as kids know this stuff
what you say in other words...
it is not clear why taxis hate uber but still americans will use uber
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?
“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?
Well" obviously came from his thoughts the reason is crypto is money from the air and they if the illegal crimes like drugs transactions and many more with unregulated high volatility currency, so as president I understand their stand decision to ignore crypto.
It's possible if bitcoin become regulated they have probability for crypto become legal tender in US, hopemarket expert Justin Sun explain well to the president the importance of bitcoin.
Donald Trump tweeted that “ He is not a fan of Bitcoin and other Cryptocurrencies,
Who cares whether he is a fan or not. I dislike people who don't even make an effort to learn or read about Bitcoin and cryptocurrency before making silly remarks about it. Why should we waste our time to even think about his silly tweet he made whiles he doesn't give a f**k about the entire crypto space.
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?
In General, it is not clear why he decided to speak about cryptocurrencies right now,but nevertheless, Americans will still invest in assets despite everything“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?
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?
In General, it is not clear why he decided to speak about cryptocurrencies right now,but nevertheless, Americans will still invest in assets despite everything“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?
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?
In General, it is not clear why he decided to speak about cryptocurrencies right now,but nevertheless, Americans will still invest in assets despite everything “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?
American Dola is the most widely used currency in the world and it expresses US economic and political power. So the US government will not want a single currency to replace the US position in the world, especially Bitcoin with outstanding factors. But I think in the future, accepting Bitcoin is inevitable for any country.
Jump to: