Bitcoin Forum

I am just wondering on whether the victory of president trump in the american election have any positive effect on the coin called Trump.
The coin actually reacted to the victory by the price increasing both in value and volume.
What should expect?

trump win is bad to effect to US economic
is US dollar is down, index dowjones and nasdaq down too
but i think can get effect to bitcoin, and today bitcoin price is up

I can see a price rise but later go down to zero, I can say instead of Trumpcoin, Bitcoin is the major winner here, after the Victory it has appreciated by 5%

That is right. The bitcoin could be a long term winner if the US economy is in trouble and people do not trust dollar.

People will pump Trump coin then dump it in a day or two.
If you have some I would suggest to get out quick.

Bitcoin went up 3% or so, I don't see it really moving much more until we hear more news on policies.
Trump might actually be good for the US economy long term if he can reduce debt and negotiate some good trade deals.

I just wonder what is the relation between President Donald Trump and trumpcoin, just other than the name similarities. But, after usa election results, trumpcoins got bumped almost 300% in yobit.

I guessed this must be a trap of typical bump and dump scenarios. So, I just decide not to buy any trumpcoin for next few days. Maybe will invest later based on its stable levels.