Bitcoin Forum

Is Trump the downfall of cryptocurrency? I heard this on X by a popular influencer some days ago, as he was lamenting and wishing Kamala Harris should have become the US president.

Everyone is just confused in one way or another, but in my own view, these people have higher expectations of Trump than he has for himself. I think most of them expect to see massive gains, like BTC entering $200,000 immediately, which is impossible. Because in this space, there should always be a plan B. But funny enough, most of them are now back to their real work after predicting BTC to reach 40k.

In all of these, I have nowhere to go because I will do everything to make the most from this market. As I am back to my pre-market trading vibe, at least I saw around $115 in $NIL, $RED, and ANLOG combined. My next pre-market move is on $BABY, as it has the potential I see in a project like focusing on Bitcoin staking and securing decentralized networks through self-custodial methods. I will advise you to DYOR, as this is just my take.

Even if Harris wins, there’s no guarantee the market will turn bullish under her leadership. So let’s just accept reality, and to avoid unnecessary stress, we shouldn’t put too much faith in Trump’s statements either. It’s obvious he’s just playing games. And, there’s a real possibility he’s engaging in insider trading. Because people trust him, he can exploit that influence.

Take his recent announcement about Bitcoin or crypto becoming part of the national reserve, right before that, his son hinted at 'something big' coming. That alone raises suspicions of insider information being used for quick trading profits. We need to be cautious.

First, even if someone is into crypto investing, they don't have to keep it as their only source of income because crypto don't even require them to be fully available 24 hours a day, that means that even if you are an investor or a trader you can still have a real job and still be doing your investment. Secondly, even if Harris was the candidate that won the US election, no body knows what would have even happen, probably it would have been worse than this because Kamala is not a Bitcoin friendly person.

Bitcoin is coping remarkably well with all the tariff FUD. Equities are plunging every day but Bitcoin is doing OK at the moment. Obviously that could change but we do not need to panic. Vietnam & Cambodia are already bending the knee & conceding dominancy to Trump. We might not like it but Trump will get what he wants. Bitcoin needs to stay around this range & when this tariff stuff blows over we should have the bull run we desire. 

Basically no one can predict the future, including Donald Trump current policies that make BTC prices drop significantly, the economic war waged by Trump really has bad consequences, we know the type of person like Trump, the genius who often destroys the economies of other countries that oppose the US. In this case, it is our excessive expectations that destroy our own finances, hoping that every Trump policy will continue to have a positive impact on crypto, investing all the savings we have to buy BTC at once, without having a good strategy and money management, a big mistake.

You can't just buy, then hope and wait for the profits to go your way, putting all your money on someone else's decision. You have to have a backup plan for situations like this, and yes, a real life job is still important, at least to keep you going.

I've been telling this to myself ever since that news or fundamentals arent that guarantee that it could make out some effect in overall market movement, no matter how these people will be trying to tell about their positive plans or whatever it will be. There's no assurance that they will be that true into their words or will be doing on what they had promised or what as long they do get get that support and sympathy of people for them to be able to win then they would definitely do it. Now that they are already on the position, then whats next? Totally laughable into those people who had been believing that these will be that moving up the prices and make a big green candle. This isnt how this market works, yes its reactive to news but not all the time- There might be times that it do moves and getting in line with the current trend but the movement is just that like on an ordinary day.

This one.

You wont be able to find yourself easily on panicking whenever the market dips, as long you are that investing into the amount that you can afford to lose then
you are just that fine in compared into those people who do make out some all in investment just because they were believing that these news were extremely bullish but where is it now?
Invest on what you can afford to lose then you wont be having any issues no matter what would happen in the market whether positive or negative then it will be just that fine.
You should be that versatile and do able to go with the flow without any problems if you do have this kind of mentality.

Everyone really looks for someone to blame for. When the pre-Trump presidency was there, everyone rejoiced because the market was making rounds and did hit a new ATH. Now that it isn't stable at the peak, everyone is looking for him as someone that didn't helped the market out reached the highest.

You should apply this as well, with unknown projects you've shilled.

It's suitable and adapting to stick to crypto, we understand the fact that crypto have been a directive means of making everyone relied on the financial market. Perhaps crypto have been a major breakthrough for some people and have also been one of the worst thing to happen some people. Witnessing these huge losses in the market is simply because the victim have not taken out proper time to learn and this will definitely lead to loss.

You're right, the American Government now welcome the adaptation of bitcoin and cryptocurrency generally. They know the importance of crypto and how it have affected positively because Donald Trump is the president, he has allies with other influential men.

Exactly, we could have been in worst situation if Kamala is elected as we all know that her political party is against crypto.

As for people dumping crypto, I don't know, but I'm not a full pledge trader or will I treat crypto like a job. So I still have a regular 9-5 job to cover everything, like food and electric bills and then invested on crypto.

For the US economy, it doesn't look good and so with that, it's better to look for option to hedge our money and crypto is the best one.

Understudying the Biden administration stance on cryptocurrencies and with Kamala in the Biden's wing, her ideology on bitcoin wouldn't have been any better.

I think the worst Trump administration on bitcoin price is still looking better to me than a Kamala's would have. We wouldn't say as bitcoiners and crypto investors we haven't profited from the emergence of Trump as president not until now that probably his policies are not really impacting positively on crypto market , a situation I think is just momentary.

In January, the US election caused a huge surge in the price of Bitcoin, which reached ATH. The price increased with the certainty of Trump becoming president. But since then the market has been undergoing a correction because Trump's decision to impose tariffs on various countries around the world is creating a more unstable economic situation. His negative decision has caused a massive collapse in the world's stock markets. The global recession is still prevailing amidst uncertainty among big traders. The price of Bitcoin is still going through a correction period and is likely to become bullish soon. Bitcoin is not affected by the global recession as the effect of centralized inflation is eliminated.

Like you said they got their expectation too high.

It's not only crypto market that got rekt but stock too, people are depressed everytime they see their portfolio, but it's at the end of the day just part of the market.
But this can be opportunity for those who hold big chunk of cash to accumulate, after all in time like this is like the best time you can ever be in for someone that's trying to make a play in the stock or crypto market.

Though I won't bet my money on altcoin for now, too much risk for nothing.

The influencer is greedy and may have invested at 90k during the bull run and didn't make much profits. Complaining about btc not hitting 200k shows how too many investors wanted to break the bank with Bitcoin and trump's administration. Because they were never interested in crypto, nobody told them that nothing will stop the bear season. Going back to their previous work isn't wrong, btc wasn't made for people to quit their jobs for it, but to trade p2p in a decentralized ledger.

Maybe they’re expecting something that is not possible enough, knowing that crypto could give you some returns. It’s not always, and you need to be careful with what you are investing in. Most of the time, it’s best that you make yourself available for what you could get an opportunity with, whether you have a job or do crypto simultaneously, so I don’t think it should be dumping one for another. It could go both ways.

Going back to real work because crypto is not running up against their expectations... They wanted btc price hitting $200k on a twinkling but that is not always the case with bitcoin. It doesn't react positively just as it is suppose to.

Traders are not feeling any disappointment so far because whether at bull or bear, the situation is either up and down volatility. However, the price correction may hit the market anytime soon.

Trump can affect the movement of the market but he can't increase the price of bitcoin to go so high because he is a president.  Bitcoin especially is a decentralized currency and can not be regulated or controlled by any one, people should not have so much expectation from bitcoin and cryptocurrency because of some influential people like Donald trump.  If people decide to go back to their real work because of they are not getting what they expect from the price of bitcoin,  then it is not bad because it make no sense for anyone to depend on bitcoin so much, their are other things one needs to engage with because the crypto market can't be predicted.

To be honest, this isn't the first time to see this transition happen. Every bull run, there's the trend that people quit their jobs because of how much they have made from crypto.

And then, when the bull run ends, we see that meme of the guy who wears a McDonald's hat and quits crypto while going back to the real-world jobs.

These expectations are just too much for those who have been expecting a lot from the holdings they have. They should set aside the reality from expectations.

Reality always beats expectations. We don't come to work knowing that it will be easy, and most of us think about crypto like that

That's how human beings behave. Have something go their way, they will praise you for that. Let the same thing they praise you for going in the wrong direction. They will criticize you badly for that. Forgetting what you have done in the past, of how you brought about positive change.

However, Trump can't please everyone at the same time, he knows whatever actions he takes, people will have something to say. I know that he doesn't give a shit about what people say about him because his mind is to make America great again. Whoever has a good or bad opinion about him should keep it to himself or herself because he can't change Trump's plans for US citizens, which bitcoin is among.

Having a real job before going into crypto investment is a nice decision, it will make you comfortable with any plan you want to follow in your crypto investment. Dumping crypto for real job or work for a while is a good decision because you can save some money that will make you to come back to crypto investment without quitting the work you are doing.

I guess is too early to conclude that Trump disappointed crypto users, we know that Trump like crypto investment ,and he promised during his campaign that there will be improvement  in crypto investment when he finally chose the crypto for their reserve.

The decision is right. Crypto is uncertain anyways but they still did the bad choice before if they dump their work only to pursue their crypto career. Even though BTC had touched $100k already, $200k is still far away from it even though people also teamed their expectation with hard work, you know that they will also buy more Bitcoins and HODL it strongly. I heard that BTC experienced a stableness lately. So traders can also suffer just like the former (investors).

Price is dumped already for quite a long time now, so I don't expect another or more correction but instead, the price should recover now or later on. It can bring back hope but people should be more careful now this time.

Let me see the source of this project if I could join in and make some research before I jump into the opportunity, the fact that the project is trying to do something unique providing liquidity with Bitcoin staking which is something the whole decentralized finance haven't commence before. So BABY is the native token used to run through the ecosystem.

One must not just rely on crypto as your only source of income, if you don't rely on it, then you would not have to dump it later on when things get some unfair. The only reason why I think someone can dump real job for crypto is if they are getting enough revenue from crypto and if the revenue is huge, they can create another source of income for themselves and from there they can think of quick their job but that should even happen if they see that they can no longer manage all their investment and the job or that they can no longer bear the work stress too. For example, I have the intention to quit my job but that will happen only if I have extended my business to 5 extra branch.

Trump was good for Bitcoin to hit its most recent ATH. Of course there was a lot of speculation going on, and always we see BTC rising a lot in short periods of time, it also falls on the same intension right after. Great expectations were created regards Trump through marketing, which has a deep impact over the average investors, although little effect it has over whales speculators.

So what happened is that since the moment BTC was hyped, speculators already knew Trump wasn't going to correspond to the expectations. They just rode the bandwagon for quick profits, aware that a correction should come in the sequence.

The pro Bitcoin Trump's fallacy is over, but it doesn't mean the downfall of crypto market. This industry has existed since before Trump, therefore it's not right to think he is a decisive personality for crypto's success. The thing is that we are at the edge of a cycle change, from bullish to bearish, and that isn't due to Trump or anybody else, rather it's a natural movement of the market.

Generally, when investing in crypto, you have to take proper planned steps and you have to be patient in investing and make the investment long-term, then you will be able to do something good. Moreover, when your financial condition is good, you will be able to build a beautiful business for yourself and you will be able to continue your business, at the same time, your interest in investing will increase and there will be no risk in you in investing.

Actually sending the whitepaper details here will be too bulky so I will advise you go to the exchange to check more details on it before it gets listed and you will benefit,  and like I said please always DYOR

We should not expect too much from Trump because he is not really interested in crypto but only pave his way through cryptocurrency so that more people will support him and make him win the election. We had successfully voted him and now the market has been ranging for a long time now. We are going to see more ranging market soon as we hope for the best to come. Is like this time, the manipulation innthe crypto market is becoming worse than what we have seen in the past. The market is becoming very hard to predict now and we don't know what could happen next. Let's see how e everything will play out as time goes on.

When I was doing stock trading, I came to know that there are people who solely rely on stock for daily living. Likewise there might be people in crypto that rely solely on crypto for there daily living. I do a job but I am not confident enough to quit my job and move to cypto space to meet my expenses. To me crypto is a side business which is best for long term investment if you are investing in Bitcoin, for short term one can choose alts. It's advisable for most of us that never quit your job or business for crpyto because not all of us can handle it with perfection. You must have a backup plan if you are coming to crypto because there are heavy chances that our investment might struck for months.

You did not mention the name of the influencer for us to see if he is a supporter of Kamala Harris but in terms of cryptocurrency, we are in a better position now that Trump is the president, as Kamala will only continue Biden's position on cryptocurrency, which is suppressive and restrictive to Bitcoin adoption.
Trump may have a lot of controversial decision that affect the economy of many nations this is because of his America first policy, but only time can tell if many of his decisions are all correct; so far, we are good in cryptocurrency community with Trump as the US president.

from the way you talk about how people are starting to dump crypto for real work to shilling those shitcoins it's just pretty smooth sailing.

but over-expecting something is not good. we need to think more rationally and logically because the crypto market is uncertain and individual expectations of one thing can be different in reality. don't be too confident or just follow trends or idolize someone's promises to the crypto world without a mature plan. all of that must be thought through carefully, don't just put all your money into cryptocurrency investments without proper preparation and understanding of the risks.

First of all, it is not impossible for bitcoin to reach its 200k$ price in the market, right? Before, many did not believe that bitcoin would reach 100k$ each, but what happened was unexpected
and very negative for bitcoin.

Then, until now, many still believe in Trump and what he can do for bitcoin or this industry. Although, at least because of Trump, he still has some involvement in why the price value of bitcoin is in correction at the moment. Especially when it happened 2 days ago that the price in the stock market fell too much because of the tariff, but bitcoin was not affected that much.

The worsening situation that US is in has been a trend and it doesn't matter which idiots is installed into office. At the end of the day decades of abuse of power, genocide, support of terrorism, etc. has taken a toll on this colony.

Such people who say $200k one day and $40k the other are emotional guessers instead of logical speculators!

BTW reaching $200k in a short time (2-3 weeks) is not impossible and bitcoin has had such rises in the past. The problem is that with the global economy entering recession about 3 years ago and that recession getting worse every year, people don't have enough money to put into bitcoin so the rises slow down.

The situation with altcoins have not changed though. They still lack real utility so they have no potential and remain pump and dump schemes. Trump is not going to change that even if he advertises them directly :)

No matter how much profit cryptocurrency investment brings us, it should not be considered a primary source of income because of its uncertainty. It would be unwise to consider crypto speculation as our main and only source of income.


Biden is not crypto friendly either, but we have had bitcoin ETFs and ATHs under him. So if the president is Harris, things may not be better but they are not necessarily worse because under the Democrats, there will be no trade war. That means the economy wouldn't be in the miserable state it is in now, and bitcoin and stocks wouldn't be dumped hard.

But in return, under Harris, we will not see a strategic bitcoin reserve, although this also does not make much sense for the market because it cannot boost the price of bitcoin. While the thing that people only care about is price, nothing else.  ;D ;D

The stock market did plummet and bitcoin had quite a correction but is still above $80k while altcoins did have a price drop of more than 60% from the ATH made last month this shows that indeed the influence of trump or trade wars and political geol also contributed to the correction of the crypto market today.

Some countries are retaliating for Trump's tariffs but some of them are also free and do not react to anything, this is related to Trump who wants to improve his country's position back as a producer country to absorb a lot of labor and things like this they have to do so that their domestic products get the game back from the local community and increase production.

That's the fact with the reality that we have to face. We knew that going to work is not easy at all.

And when it comes to crypto matters, we think that it will be easier, but no. Those who have decided to get straight into crypto with whatever means they've discovered are taking a risk.

The expectations are quite high from those but then, they're all going to meet the reality.

That's what I noticed in the forum. Go back to the time when he's interviewed about his thoughts about Bitcoin, everyone liked him because they like what they say. He did helped to pump the market and now that with all of these tariff wars, they only care about the price of Bitcoin and stopped liking him. I understand everyone's thought about it but we cannot control him with that and despite that it's going further and deeper with that concern, it's really out of our league. And that's why our decisions should rely to what we think is going to be beneficial for us.

If Bitcoin goes up by 5k or 6k$, we hear voices that Bitcoin is going to touch 150k or 200k in this bull run. Likewise if Bitcoin goes down by few thousand USD then we hear speculations that Bitcoin is going down to 40k or 20k. It’s up to us whether believe in these speculations or follow a rational path.

I remember in Dec 2017, when price of Bitcoin has gone up to 19k$ (the then ATH) and there were speculations that price of 100k is coming next year but Bitcoin closed its 2018 journey with price of 3500$ in Dec 2018.      

So many alts were launched with many innovative features but neither the team was able to deliver the features promised initially nor the price of Alt went up. That’s also a reason why many investors are now investing in Bitcoin alone or have reduced the capital reserved for Alts.

But we have some people that feeds off crypto basically. That's their source of income. I think these shakeouts are normal and the Market needed it. Been screaming that we'll see around $60k for BTC soon and nobody believed me earlier now we're seeing it.. anyways I still also think nows the time to get very good entries on altcoins or take advantage of any with utilities cos in the next few months/years you'd be glad you did. So what do you think about BTCFI and these new concepts by Babylon on staking without wrapping? Liked it and I saw an avenue to accumulate the token here. https://x.com/bitgetglobal/status/1901601559424999798?t=zp2YM8GZ935W9J5qNMlhVA&s=19. I'll put this on my watchlist for now.

yeah trump may not satisfying all crypto holders right now but we also do not know what kamala harris would have done because from what i know she was not the biggest crypto fan either so maybe if she had won crypto would not even be part of the discussion at the white house

and people should stop focusing on only one issue when it comes to voting people should have voted for who they agree with more in terms of beliefs and programs to implement

Trusting in the words of a politician is not something you should do in a democratic system of government. People went further to predict the price of bitcoin to reach some certain high prices without considering other things that will make it impossible to just happen, and that’s why there is big disappointment everywhere about the market current state. If they’re lower their expectations, it would have been a smooth ride and most of them would have taken profit when the price reached $100K initially.

Those leaving crypto for real work shouldn’t have left their real work for crypto or never should have been relaxed not to look for one even after investing in bitcoin. The cryptocurrency market is a volatile market and such you should expect the worst case scenario in any investment you’ve done. Patient wins the game in the end though, the market will recover but depending on it solely for a time you project for yourself may disappoint you but the market won’t disappoint when you allow it to do its thing without predicting it yourself.

I agree. Thinking that the other party means the opposite actions to the current party is not a sound way of thinking. The reality is that democrats were not "pro-crypto" nor were they good for it by any means. Think operation chokepoint 2.0, think FTX (democratic ties), there was probably no plan in place to do anything good or for-recognizing bitcoin or crypto, and probably only efforts to further criminalize it (based on their actions toward it while under ruling).

To fix the American economy and to successfully integrate bitcoin and digital assets, there needs to be a hard reset, there needs to be revaluation of these markets so that they can exist together on the same markets. Assets need to be revalued. A lot needs to "come back down to reality" after a long, extended period of monetary expansion. When the dust settles, it will be clear that Trump was the right move. He's just bringing the pain that has been boiling for a long time, and getting it over and done with.

What you did not consider is that Trump was bullish on Bitcoin during the campaign, while Kamala Harris was not. if after a president that is bullish on Bitcoin came in and nothing serious changed, do you not consider that it would have been worse if Kamala won? it was an error for us to even think that by Trump's stand in crypto, things were going to dramatically gain a massive momentum. it did happen, but like it normally is the case, it didn't last that long. Politicians are always politicians, and when it comes to a time when they will have to meet their words with action, it is always rare to see them standing up for what they promised.
As for this, I am part of those who don't subscribe to doing crypto as a full-time job. the returns might be massive at times, but it is better doing it does not in any way come in the way of your real-life job. if you are a full-time investor, it doesn't take more than two hours a day to get things done in this niche, and you can spend the rest of your time doing other regular jobs.

Many people might have lost their livelihood and many may suffer from financial crisis but personally I believe it was coming sooner or later.
People blame Trump for the recession as its his tarrifs that started the downfall but there were already financial indicators that showed something big is going to happen. The debt of US was ever increasing and it could have carried on for some years but Trump's decision to self isolate has made it rapid.
Similar was the situation is crypto, the rise was expected by many but there were no real reason for addition of value in crypto other than pure speculation.

Trump isn't doing all of this because he is anti-crypto neither. He is not doing anything regards to crypto too, he is a very pro-crypto person and even had his own memecoin (and his wife).

The problem is not him being in favour of crypto or not, it is about how he is ruining the economy and not just for America neither, for the whole world. So when you ruin the whole economy and everyone is poorer, people will not be able to buy bitcoin at high prices, since they do not have the money for it, hence when someone wants to sell bitcoin, they won't find a buyer who is willing to pay a lot, since people are poor, so they would need to try to sell for cheaper and cheaper until people can afford to.

So it is not about being pro-crypto or anti-crypto, it is about economy. If Kamala took over, she wouldn't be doing any of these drastic big deals, and economy would be ordinary, sure she wouldn't make you rich, in fact she would make you poor too, but small bit, gradually, tiny by tiny amounts, so we wouldn't see these crashes which Trump caused.

Many would soon realize that cryptocurrency is not a get rich scheme when you put your money and expect the market to give you profits within some few weeks. Many are still skeptical and asking questions why they their investments are not bringing something tangible to them. This might be as a result of bad information about the crypto space. Some persons would not even bother to do some research about the market, all they will do is to start investing because of the hypes they are seeing on social media making it looks like cryptocurrency investment can be at anytime without any need tomorrow studying the market.

Just let them be able to realize those things along the way, people wont be stopping on doing such stuffs not until they will be able to experience for themselves on how this market works or behaves. This isnt a get rich scheme because you will be needing up to analyze and made out some actions or work on making yourself that be profitable on crypto space. Come to think that you do have your own day job and having also that crypto investment on which it is that a good additional potential source of income and thats some advantage. You are the ones will be making out such act because if you are that becoming that too rushing on decisions specially on investing then it could be resulting into some negative impact and could cause up some loses too. Yes, loses are inevitable but it doesnt mean that you will be  trying out to become careless into your next move. We are thriving to find up ways for us to make money or income, it doesnt matter on which way you are that going into or what path you do need to take. The key on here is that you do have that set up those plans accordingly.
Set your expectations low then you wont be having any problems, the only issue on here is that people do become that too positive or having those kind optimism that they could make it through
without having those set risks management then this is where problems do start to arise. In speaking about being relying into those politicians with your own way of living or whatever the needs
you are that seeking then its not a good behavior. We are doing things on which we do know on where we can be able to survive.

What could've been worse? Donald Trump winning the presidency or Kamala Harris? I think you know the answer. Trump's tariffs might've impacted global markets negatively, but his administration has been working day and night to soften crypto industry regulations. Many within Trump's cabinet are pro-crypto, too. Donald Trump established the "Strategic Bitcoin Reserve", allowing the US government to hold BTC in its portfolio, alongside a basket of altcoins. Would Kamala do such a thing? Of course not!

It would be wise to hold onto your crypto (especially Bitcoin), instead of panic selling. Else, you'll regret an opportunity of a lifetime to get filthy rich. In this bear market, you can grow your stack of coins without "breaking the bank". Hopefully, the impact of tariffs ends soon so crypto could go all the way to Mars.

Losses means one thing to a veteran; a learning experience. If you make a loss, that is normal and part of life in trading world, but if you learn from it and not make the same mistake again then that loss was not for nothing and you should be happy about it. Most people make a mistake and they do not realize how they are making a mistake. I am not saying you should avoid any of this, I am just saying we need to consider this as normal and not make any type of mistake on the long run again and again.

If you try to avoid making a mistake, that would be the mistake itself, you are not going to gain anything from that and you are not going to make any profit that way, always realize losses are a natural part of this market.

Exactly, it’s better to be a trader or investor on the side rather than doing it full time but nowadays most people join the industry as a full time trader believing they would be making profits all the time. This is the reason i stake alot on exchanges like Bitget candybomb because it doesn’t require much time, i heard $Babylon is now listed. I prefer multiple sources of income alot, the earlier traders realize this the better.

Anyone that is still expecting more from trump is not a realistic person because trump has already done his best for both you don't expect Bitcoin price to jump from where it was initially to $200k that will be dreaming so nobody should bring Trump into this Bitcoin price has been struggling to go back to normal but trump should not be used as reason why the current Bitcoin price is like that, the policies of trump which is to me is about political interests should not be used or seen as the reason why Bitcoin price is fluctuating at this rate