Bitcoin Forum

I think he's gonna crack down on Bitcoin once he settles down.

Polls are up:
https://twitter.com/PRVirtualCoin/status/828287000755130368

What makes you think this?  are you just a Trump basher?  Trump has appointed some very prominent bitcoin people to very important roles in his administration.  and he's a businessman.  Bitcoin is good for business  ;D

well, Bitcoin allows to avoid taxes, capital gain, underground economy etc, Uncle Sam will never like this.

Holy shiiiit, I supported Trump accidentally.... can I change my POLL choice in twitter now  ::) Don't see any option to change it now.

avoid taxes : no
capital gain : yes and it can be taxed
underground economy : yes but not in the size that you think, it is so much smaller and also traceable.

ps. make the poll here, many of us do not have twitter and don't need it.

India's RBI issues Warning against Bitcoin on Friday?
http://www.econotimes.com/Reserve-Bank-of-India-cautions-users-against-bitcoin-521930

Until India & China allows open Bitcoin trading, it would be struggle for BTC.

It would make no sense to go up against Bitcoin, because it cannot be stopped. The technology is decentralized and you cannot stop people

from using it or shut it down. They can force merchants, not to accept it, but then people can use it globally. We know people always find a

way to bypass restrictions. { Examples : China / Firewalls }  ::)

It was just a simple warning to the users to be cautious while dealing with bitcoin as you cannot claim for the damages if the company you are dealing runs away with your savings and nothing more.If people from China and India adapt to bitcoin that is more than enough to see a spike in the price of bitcoin as they are the largest populated countries .

Agree, 99% in India either never heard bitcoin or know how to use/trust digital currency. This is a fact.

Ya it is true that RBI have given warning to all bitcoin users to be ready if their is any law against bitcoin and even it is said that what exchanges running for bitcoin are not licensed and they are also eligible for any law problem.

If Trump wars directly on the bitcoin system, there may be a problem. In other words, bitcoin can be adversely affected if it tries to enforce sanctions against miners in the US.

Apart from that, there is not much that Trump can do economically for bitcoine. In the end we are talking about a decentralized system. Bitcoin will always be.

Maybe Trump won't do anything related to bitcoin. At this moment he has more important things to do and to think than bitcoins. It's not affecting the country a lot as another issues are affecting and those are the first things he will take actions about.
Bitcoin is a virtual currency that don't make many persons talk about it yet, it's still starting like all another crypto currencies.

Trump has Peter Thiel, co-founder of Paypal and Mick Mulvaney on his team, and both of them have very favorable views of crypto. Republicans have control of the House, Sentate, and Presidency, and Republicans have been more favorable toward crypto than Democrats (https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country#United_States). For example, the only states that have passed regulations against crypto are Democrat states, such as New York. The three Democrats on the Federal Election Commission voted against allowing Bitcoin donations for Federal political candidates, while the three Republicans voted to allow Bitcoin.

So, given their history and those facts, I think things will be favorable for crypto.

Btw, I'm libertarian, neither Democrat nor Republican.

As quoted several technology giants who have very close relation with bitcoin as well in the digital currency ecosystem is found in the administration of Trump. This for sure gives hope that Trump support bitcoin as well won't make any banning within the country. Now it seems that he's busy with the cross border conflicts and increasing job to his people.

Doubtful he's going to really do anything about it. He's said that one of the big things that he wants to do is make Americans wealthy again, and depending on what he wants to do and what happens with his tax plan, I think it is more likely he will do nothing to Bitcoin rather than do anything to regulate it, but we have yet to see.

Trump’s plan to increase infrastructure spending, alongside further rate hikes from the Federal Reserve, will cause the already surging dollar to “hit the moon.”
The strong dollar will force emerging markets to seek an alternative currency. And here is where bitcoin comes in. So I predict it to hit 2000$ while Trump is the president

http://www.coindesk.com/making-sense-hillary-clintons-bitcoin-rejection/

this says plenty about what the democrats feel about it. i dunno if donald will be better for it but probably no worse. the most likely outcome is that he'll do zilch.

As what can I see I think he
doesn't care about bitcoin but
it is better if he will support it.

What I think of Trump and Bitcoin is that in my personal opinion, Trump is probably not able to grasp the idea of Bitcoin. Perhaps if it is explained to him in simple english repeatedly, there's a small chance that he could get a glimpse on what this is all about. Perhaps that has happened already. I'm waiting for a statement on Bitcoin of him to appear.

Trump may see Bitcoin as an opportunity for trade abroad. No matter how the history looks, it's growth and what inspires innovators to do in this virtual economy make it all worthwhile to spur more investment.

It's essential to boost effort in a variety of economies to strengthen gains and i'm sure the international community would motivate any leader to start looking into BTC.

Nah, bitcoin is probably under his radar right now.  In other words, you're assigning way too much interest in it.  Most people still don't even know about bitcoin, and Trump has about 1000 other things on his plate.  Bitcoin is not one of them. 

In any case, bitcoin is not an American thing.  It's a global thing.  No given leader should have much influence on it, unless it's a huge country like China or Russia and they ban it outright.  Even then, we've seen that it doesn't make a hell of a lot of difference.

I do not know, if he was aiming like that, I think the price of bitcoin will not survive. but, looking at the nature of a trump, I think he will participate in it, and make better bitcoin prices. perhaps he became the first president who use bitcoin, and will be followed by other countries. we can not say that the possibility can not occur.

When it comes to Donald Trump anything is possible.He was a good business man but that does not mean that he is able to run a country like USA .only time will tell and if the recent implementation of impulsive orders from Trump is a sign of what is to expect then it is going to be a difficult one and with uncertain government people will invest in bitcoin .

Unlikely for any government to accept a currency that isn't controlled or can be (except Australia, weird people down there). Most likely they'll try creating a government backed cryptocurrency if they want anything to do with it and you can guess the popularity of those.

Trumps influence on bitcoin will depend on how well he will relate with china who apparently are the major miners

Cmon he is a businessman. I hope not. He is too rich to give a dang about bitcoin. He should not be interfering with this kind. Who knows if he got a sh1tload of bitcoin also.
He does that there will be a hard fight with his own kinds. The big investors would not let it go without a fight just like that.

He better not fuck up with bitcoins, he's the mess America wanted not the Bitcoin ecosystem, to hell with his politics and crazy ideas. We are so glued to Bitcoin to the extent that trump will never date raise a finger against our technology.

The people love it that's for sure, but legally Bitcoin exchange is banned in China and rumors that they will ban Bitcoin outright was one of the reasons prices dropped from ~1000 to ~700. Unless Trump actually want Americans to compete in terms of mining prowess for some reason, he'll most likely be against it

Well this question has been answered so many times out here and this is a speculation thread, now coming to your question Trump is not bothered about Bitcoins it's evident isn't it. If he were he would have taken it down. He is a businessman when will you all learn to accept the fact. I am sure he owns loads of Bitcoins and he shall profit from them, not take them down. Mark my words trump shall do nothing to effect Bitcoin but shall directly or indirectly improve it I am very sure. So stay positive on trump outlook on Bitcoins

Considering the logistic required to completely ban its mining and use in America, I don't think Trump would be able to ban bitcoin anytime soon. Prohibiting mining in America could also play to China's advantage and I think he already hate them enough to not allow them anymore gains in anything. America is also somehow benefiting from the money being smuggled out of China in the form of bitcoin.

Bitcoin is not good for states, when will you people understand this?

There will never be a happy relationship where the state and banks are friends with bitcoin. Bitcoin was designed to make banks irrelevant and be from the state. Which is why we need a conservative block size and get rid of the stupid ass Bitcoin Unlimited powergrab attempt, because once they get rid of physical cash, we are fucked unless the blocksizes are small enough to guarantee decentralization of the nodes.

if he do this or aiming like this this will not help his economy and i think being a businessman he better know this..... i think he promotes any type of online currency and try to established his online business as much as he can and i think bitcoin is favourable for this.....

I don't think trump has that much influence about bitcoin, I think countries like Venezuela have more impact than the USA.

It seems that trump is making some wrong decisions early in his administration, and this can cause negative impacts on the dollar. But perhaps the effect of this is something positive for Bitcoin, because when fiat currencies go through a lot of instability, the tendency for people to look for a more reliable way of storing value increases.

Trump is rather aged man already I don't think he'd ever care about bitcoin, it's too innovative for him. You can't train an old dog with new stunts. Besides he is republican hence conservative man

That is right. Trump not just a showman, he is great businessman as well. I think he already saw all the opportuneties of bitcoin and other crypto currencies and started to use it and work on him and his business. He must be the biggest bitcoin investor in the USA.

You need a business man with balls to make the hard decisions. I think I heard somewhere that a bunch of big car manufacturers told

him that they going to close their factories in America, and then they going to open them in Mexico. His answer to that... Well go

ahead, do that, then the USA will add a 35% import tax on all those cars and you would make no profits in the USA.  ::)

He has the balls to kick the big bullies between the legs, to protect people's jobs.  ;D

Thats your opinion and you are more than right to be entitle to it but the condition that you put there is the fact that until he settles down. People dont settle down in politics the more that is being done the more that is left to be done, A country like United States things dont just get settle. Give him eight years, he will tell you to give him more time if possible. So hopefully, he wont get to have bitcoin time to crack down on it...

I don't think he is aiming like that or wants to crack down on bitcoin because I don't think bitcoin have any impact on their economy or from any point of view it has any competition with dollar and I think it will better for their economy if all of the business of his accept online currency like bitcoin and if this do so online business became more established in his country.

I think and hope that he notice bitcoin and also invest a little, because he is a very smart person.

He dont do things like politicans, he do things like the "normal people",
so i hope that he will twitter only 1 time about bitcoin.