Bitcoin Forum

Trump just tweeted about Bitcoin and his dislike of it. I think it's clear it wasn't him who typed it up, but what do you guys think? Crypto Twitter unite??

Tweet text:
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity. .Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!

https://twitter.com/realDonaldTrump/status/1149472282584072192
https://twitter.com/realDonaldTrump/status/1149472284702208000
https://twitter.com/realDonaldTrump/status/1149472285905940480

not a surprise anymore, every time bitcoin has increased, there is always a fud, both from the president of the United States or from world financial managers such as the IMF, world banks and also who have a big role for investors like The Fed.

Yea I'm not sure why I'm surprised anymore really. It has to be someone from the financial industry that finally convinced him to copy/paste a bitcoin fud article to tweet out. It's funny because he's all like, "crypto isn't money, but if facebook want's to play with crypto then they need a banking charter because..well it's money"


Meanwhile banks routinely get fined for laundering more then the entire market cap of bitcoin, and JP Morgan Chase's ship is found with drugs worth many times the value.

I didn't see that coming. Not sure what to think right now! :o

I was worried Facebook's Libra would trigger unwanted attention and regulation of cryptocurrencies. Many Congressmen immediately expressed the need for sweeping and rigid regulations in reaction. It seems like Trump is following up on that same theme. This doesn't bode well. Everything we've seen recently from the SEC, FATF, OFAC, IRS... it smells like the crackdown is only going to continue. Trump obviously won't object to signing new legislation.

This is clear FUD which is aimed at Bitcoin holders I am so curious with the price of Bitcoin dropped yesterday whether this effect caused by the tweet of trump.

I doubt it, he only tweeted like 2 hours ago and BTC is still in the channel its been in since April. If it drops below 10.2k then we are out of that channel and things may change IMO

The Tweet might not be positive, but this is still free advertising. Take note that Trump has 61.9 million followers. That's A LOT of publicity. Unfortunately it's the typical "backed by nothing" and "used by criminals" arguments.

Surprisingly, the Tweet about Libra was quite neutral.

Libra is triggering these things because it is centralized and they have a door to kick down so they are. otherwise when it comes to cryptocurrencies there is nothing they can do about it as long as we are talking about something decentralized like bitcoin. they can put pressure on exchanges and possibly other centralized places such as web wallets like Coinbase or payment processors like Bitpay but in the end they can't stop bitcoin from spreading. at the same time they can prevent Facebook from becoming a bank or force them to really become a bank by applying to banking regulations.

As usual, Trump is again clueless as to what his mouth is spewing. Not real money? Well, how about a paper bill whose value is just assigned by a few people inside the central banks? And for his information, the largest drug trades and other illegal activities in the whole wide world are not using crypto for sure. They are using the very same currency which is proud to be regulated.

It's the government and Trump is representing his Government policy so what else can we expect, president come and go but Cryptocurrency is going to stay for the good, he can't do anything on the progress of Cryptocurrency he can restrict but no way to stop it.

Publicity it is. However, it would be better if it was positive. ;D

We cannot argue that USD is the most dominant currency up to this date. But I think cryptocurrencies should be given a chance. Lots of people have their lives changed because of crypto; was able to earn money because of crypto, and was able to gain knowledge of this new breakthrough.

And I must say, I agree with @Fundamentals that, that dominant currency is the one used for illegal activities globally. Just saying, though.

Trump as always in his element. ) Tomorrow he will change his mind, and write that he has long owned Bitcoins and believes in cryptocurrency like no other. I think you shouldn’t emphasize Trump’s tweets. He changes his mind too often. It is better to focus on objective factors that can influence cryptocurrency and follow the news and the development of cryptocurrency. It really developed throughout the year 2018, and this means that interest in the blockchain is not lost.

I think it's him. The potus must have been pressured by his "peers" in the business community since all their previous fuds are no longer working. It was actually good to see another known figure to talk about crypto even if it was in negative terms. Crypto is going to be the hot topic again in mainstream media.

How about Justin's reply? https://twitter.com/justinsuntron/status/1149509941935239169

haha, right bro, maybe they think sending tweets through a Trump account can affect bitcoin, but here I laugh because it's useless, those who believe will still believe and those who hate will still hate.

Even they cannot reflect on themselves that there are still mistakes made, but want to drop others with their same mistakes. Sounding cunning indeed, I was not surprised if indeed trump sent a tweet like that because basically he was cunning.

I think we went through that process a bit :) If they eliminate some SEC-related problems in the US, a lot of people will turn to cryptocurrency instead of FIAT

But the good thing is, after that tweet, the price remains above $11,000, signalling that not even the President of the United States can sway the price negatively. And it's about time though to hear what side his in, at least we all know by now that Donald Trump is not a fan of Bitcoin. He surrounded himself with so called crypto enthusiast, but at the end of the day, he has his own opinion, but it doesn't matter at all. And it might be his downfall, as a lot of crypto friendly individuals are eyeing that position.  :)

You also have to understand that it is his job to defend the U.S. Dollar so we can give him a break on that.

About the thin air part i strongly disagree and he obviously knows how money works. But if your job is to substantially increase the value of the currency made in your developed country then you better be creative with the nice tricks you're going to use of course. Precisely what he is doing.

Some will argue that those are wrong decisions but i don't think they are. I agree partially with it but that is nice for us because of the advertising.

'not even' ?  :P

I don't think a lot of educated people from the USA do truly believe anything he is saying / talking about. Not to mention all the people from outside of the USA..
If educated people support him, it is because of their own interests. Not because they truly believe he is competent.

Anyone whose money is at risk (i.e. FIAT-rich people), need to do anything they can to preserve the value of their money. And this includes keeping anything which does interfere with their plan low.
You will never hear anyone of them saying that BTC is the new currency / highlighting any positive sides of BTC.


I honestly couldn't care less what people - who need to preserve the value of FIAT - say about BTC.
In the long run, BTC will go up and USD (or any other FIAT) will go down. I don't care about spikes created by FUD and 'fake news'.

Overall it's free advertisment for bitcoin. More people now will research for it. It didn't affect that much to people as bitcoin's price still holds above $11k usd. Maybe US government see now bitcoin as a threat so they are trying to eliminate it by spreading those fuds.

So, did anyone expected that Trump can say something positive about Bitcoin? But this tweet is typical FUD from person who knows nothing about Bitcoin. Drugs trade, other illegal activity - probably my neighbour or random guy on street would say similar things which already been used to spread FUD about Bitcoin thousands times. But actually US Dollar are used for illegal things at much bigger scale than Bitcoin - these two currencies even can't be compared in terms of illegal use. It's sad to see such stupid thoughts comind from leader of most powerful country of the world. But one the other hand it's not first and not last time when Trump tweet something stupid - it's already common thing.

Don't fall for it

https://bitcointalk.org/index.php?topic=5164459.0

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simple question  but the reality almost no body can give normal answer as some of them'' even ask why he tweet this hhhhhhhhhhhhhhhhhhhh

its like to ask why taxi hate uber hhhhhhh

its put out of the chain' the governments,   who behind usd ? politicians the same with euro and other out there,

and people here ask why trump not support bitcoin, its like to ask why taxis hate uber...

Seems like trump is trending in crypto world now huh?this is what I’ve seen in every area of crypto community now,and this same issues about what he twitted last time

Yea I have  read your thread and it’s really convincing lol

That’s what the quoted one says in his thread and this will only give more publicity to our crypto family

Trump's tweets has not created a FUD but has increased BTC's price by a little. The news are calling it as the Trump Pump.

https://cointelegraph.com/news/trump-pump-bitcoin-price-buoyant-after-us-president-says-hes-not-a-fan

Also, I would like to say that predictions are not to be taken seriously. Predictions in crypto are just like guessing numbers.
The one who guesses it right is then praised by thousands.

I'm not entirely sure him tweeting about it raised the price. BTC has been trading in the same channel since April. As long as we hold above 10.2kish  then it stays inside that channel.  Sure he just introduced the word Bitcoin to 60 million people, but he also likely convinced half of his base that it is for criminals and the dark web. Bitcoin is going to have to get out of that category and that tweet isn't helping any. Normally I'd shrug it off and say "any press is good press" but that honestly isn't true, if bad press attracts new people then those aren't the people you want.

So many threads about Bitcoin and Donald Trump appeared. I don't know why people pay so much attention to that, his statements about Bitcoin are not relevant. Besides he changes his attitude so often that is actually very hard to tell what he thinks.
And it's necessary to make a difference between his attitude and official opinion of US administration about cryptocurrencies because this is not the same thing.

This is close enough to get some merits.

USA
China
England
Fancy
Russia

they back their money with guns and weapons .

Their money can and has and will be used for criminal activity .

Facebook and every pos coin in reality is acting like a bank and they have no real backing and should be 100% governed like banks are.  Since nothing backs the pos coin.

POW coins such as bitcoin are backed by gear burning power.

They all have real value that can be measured.  BTC has the most hash and most gear mining it.

That value is real and  tangible .  Anyone that fails to understand it or says they don't understand it fails to see what POW's best service is:  That is leveling off and helping all the world's power plants have no excess power that is wasted.

I consulted on a 100megawatt build the farm had deals with 5 power plants.  20-100 megawatt float at 4 cents a watt.  On a hot summer day they used 20 megawatts. On days with lots of rain and the hydroplanes have excess power they scaled up to 100 megawatts.  So the power plants never had to shunt excess power into waste product when river flow was high and demand was low.

This is real true value world wide.  Much like a hammer has real value to attach wood with nails.

Both a hammer and mining gear can be used to do  good or bad.
Both fiat/money and BTC  can or good or bad.

 Trumps and all world-wide governments realize pos coins are a real threat to banking and eventually will force every pos coin to turn into a bank-like company or die.

And pow coins are recognized for what they are: a tool to balance supply and demand for power  from power plants.

Yeah both can move money around just like a bank can.

BUT only pow coins have an industrial value while POS coins simply are wanna be banks riding the pow's real work ethics of iron , steel and power.

I am not at all surprised by those tweets made by trump. Of course he is not going to like bitcoin or other crypto currencies. The  funny part is were he emphasizes that the only real currency is the  fiat USD and is very strong.
All these tweets made by Trump is actually going to temporarily affect the price of bittcoin and other crypto currencies.

If you base your finances on what a complete moron like Trump thinks, then you might as well just burn all your money in a pile.  ::)

Donald Trump is first and foremost a businessman. I am sure that he has been earning on cryptocurrency for a long time. Just using workforce, hiring understand this people. And what he writes there in his Twitter, only HYIP, no more.

No. Trump is first and foremost a fucking brain dead moron. Then a child, then a lecher, then a coward, liar, etc. But a businessman? Give me a break, anyone can lose hundreds of millions of daddy's dollars without business knowledge. Donny could not figure out monopoly money if he had a tutor, much less understand crypto.

I thought Donald Trump only slammed Facebook's Libra. I never saw that coming. Interesting but I'm not really taking it very serious as I assumed it to be his fake account. But i think many people are gonna bite this FUD. It's like McAfee s**t. And if it's true, what do we expect? BITCOIN is a threat to government. It threatens their control over their people. Government want centralized and Bitcoin want decentralization. So expect the hate coming from them.

He speak without thinking and I wonder if he understand the financial language or term when we say cryptocurrency is backed by so and so, if Bitcoin is just in tin air backed by nothing, then, what about the dollar? What actually backed the US Dollar? He's just another jerky behind the mirror.

Well, I never expected Trump to like or even say anything nice about Bitcoin. Such people do not understand the ideology of modern technologies and to think of even saying anything positive about it. He only understand the old fashion way of investing and making transaction rather than a decentralized method. Ignorance also makes people to say things they don't understand its true purpose.

See you have a complete brain, with a frontal lobe and everything. He has a brain stem, so all he can do is repeat a sound he heard or follow a glittery object with his eyes.
 :D  

He actually does based on his replies to his government opposition and now, he has extended the same to cryptocurrency industry, his thought seem retarded and need a psychiatrist with immediate effect.

Just another day at the office for Mr. Trump. He always bashes things he doesn't completely understand. He's not even a fan of scientific discoveries and breakthroughs! I mean, the dude basically just want to devolve from being a complete human into something else, definitely a lower classification than what he already is. Just a couple of months ago, he expressed his neutral side on bitcoin and cryptocurrencies, up to a point that it seemed that he liked the idea of it and now this. The dude is a complete joke and I just hope that his administration knows better, and the people who will vote for him in the next election, too.

The dollar is centralized unlike the cryptocurrency, so we should expect such from Trump because the control power has been taken from the US dollar and from the US GOVERNMENT. Hope he realize the true power of democracy, which Bitcoin has taught us as a decentralized payment method.

whatever his stance towards bitcoin , seems like he is sceptical about it ( no wonder )
he is doing a great service to bitcoin by putting it on the map in his tweets for those who never heard about it
its advertisement on a presidential level :) and its effects can't be underestimated
won't be surprised if the price grows because of it as well

Only short minded people think this way about Bitcoin and cryptocurrency. Its high time people in the crypto space to avoid encouraging ill things crypto haters say about cryptocurrencies. These people don't know anything about the purpose of cryptocurrency.

And the price seems to growing, last time I check it is inching closer to $12k so yes, that tweet coming from Trump help the market bounce back good after a retracement. This is still borderline case though, I think the President doesn't have the understanding of what crypto is, specially bitcoin. But thanks for him anyways for the promotion and advertisement and I think not even the President can really affect the way crypto person thinks about bitcoin in general.

This will make the bitcoin more popular and a lot of people will want to experiment with it and when they see that it's better than keeping their money in the bank, they will eventually short the USD and long the bitcoin. Maybe Preident  Donald Trump is secret supporter of the bitcoin but need to act as the President.

Some interesting things I've seen.

• Trump has a group of supporters for BTC and crypto, he also appoints many of them to the SEC, FED, ...
  
• Trump just went to the US Women's WC finals with BAKKT CEO
• Trump's friend is a senior employee of ripple
• And you can see Trump and Powell talking about BTC.

And think about how these things will affect the cryptocurrency market. The world's most powerful people are interested in cryptocurrency.  ??? ???

Trump tweets about bitcoin  :D
Here are some of the best twitter responses

https://bitcointalk.org/index.php?topic=5164811.0

I have seen what said trump about bitcoin and other crypto-currency. And noticed that it doesn't effect on bitcoin prices. It means we will not face any trouble for trump opinions. Bitcoin already popular by its community and day by day community is expanding. So it's not very easy to move from crypto-currency whoever already involved with it. Bitcoin isn't depending trump and it will not. So I am not worry about his opinion and I believe bitcoin community will not worry.

Don't  care about what he says.he just manipulating market.He is a business man.Who knows and dealing with crypto.I sow some where he had a group for that.Hope you remember his tv show "The Apprentice".You can see  how he works.A businessman like him always goes after profits.You can see that in past few years of behavior.Think again before follow him.

IF that is a real account... WTF is wrong with America? I mean really. How did this racist clown get into power anyway? He acts like a child wtf is going on with the world? Noone even listens to anything America says.
Even Americans know America is a shithole.

Is this really his account? This is the guy that "leads your county" wow.... just wow....

Tweeting Bitcoin by highest rank person like US President Trump is like contributing to increase the popularity of bitcoin itself. Though his tweet says he is not a fan of bitcoin but considering that he tweeted about bitcoin means he is interested about it. Yes, another fud to react with and can also affect the price of btc a bit. But if bitcoin will gonna prove that it may reach $20k-$100k then even Trump will gonna change his mind. Lol

Trump as President will understandably defend the United States Dollar.

Trump as an opportunistic businessman may say otherwise.

We'll see in a year (if he loses the next election) or 5 years what he will say about bitcoin.

Trump don't hate btc but just putting up a front, if i where to be the us president and i claim to hate btc, i won't tweet about it and give all the btc community the pleasure of having free publicity ;D i would rather ignore, but since Trump is a social media guru that likes to tweet just about anything i guess not surprising, but too bad this is rather bringing more awareness to btc :D
Trump just made btc great Again ;)

I think this move will make the price of bitcoin in particular as well as digital money in general affected in the downward direction, in fact that is happening :'(.

Trumps want to lower the price of bitcoin because he's too late getting it at $3k, he is fudding to accumulate large quantity of bitcoin. Well Libra is a threat to USD, i don't Libra will be able to launch if they stay on USA they must relocate to a positive crypto enthusiasts country like Malta.

The conspiracy theory is as follows, Facebook <Data surveillance tool for the US government> was told to announce that they would be releasing a Crypto currency of their own, called Libra. This was all "smoke and mirrors" because the government could then make a huge deal out of this and then use this as a big issue to regulate Crypto currencies. <The G20 was the trigger event for this> 

So you need a trigger to jump start the process and "Libra" was the trigger for Trump's statements on Twitter.  ::)  <The script was written, way before Libra was announced.>  ::)

despite what some people think and some of them even want to make this into an FUD so that they can buy bitcoin at a lower price, i think this is a very bullish signal if you really think about the implications that this had.
this tweet shows that bitcoin has become big enough to even be mentioned by US president and mainly show their fear of it since they can not control it as they are controlling fiat transactions. in other words bitcoin has been successful in its mission.

So true, this only benefits bitcoin, to be mentioned by high profile persons, and every news to report about that event. It`s a good marketing, more people will know about bitcoin after this, and more theymention bitcoin, more people will know about it. This is a bullish signal for some people that can recognize that, for people who can read between the lines. For start this is a good thing, let them talk about it, good or bad doesn`t matter, as long as they spell it correct.

No one is taking him for serious, besides his most fanatical believers. And for sure, no one from crypto industry. Trump is known from his hate on many things, so it's not surprising that bitcoin is his new target.

The cash flows into the crypto market according to a certain definition. I remember not long ago, he also spoke about bitcoin and the forces that want to manipulate and reduce the value of the US dollar consistently. Perhaps, He knew it was meaningless, because American citizens were pretty much separated from cryptocurrency. That may be the intention he wants to aim with an open door.

Trump twitter is kinda funny to read, every day there's something he hate or trust.
Now with this new Libra crypto he has to say something about that (like this new coin must be regulated by banking laws) and of course he cannot ignore Bitcoin.

I guess many people out there who which caught wrong in addressed Trump's comments about bitcoin. The price of bitcoin has been decreasing until know just because Trump told that he is not a fan of bitcoin. Whereas when he said the topic of the conversation was Libra coin, he was confused with facebook made it own cryptocurrency and tried to make a bank for their user.

However, this is has been happened, the cryptocurrencies's user has been known the character of its price. They only see the negative thing what someone has said, without looking at the good side of the effect. But yeah, Bitcoin has known by many people on this world at least it will attract the common people who didn't know bitcoin before to understood it and find more about it.

In principle, nothing surprising, he never loved cryptocurrency, and most likely did not understand ;D So let him write what he wants, people's opinions will not change ;)

Yes it happened and I thought we're going up to $9000 but so far so good it didn't fell that much there.

I'm thinking that this has something to do with the promised operation of Bakkt on July 22.

But he's aware of the current trends and he's a businessman.

I believe he's saying those statements because he has no full grasp of what crypto is. I guess.  :P But if he will have deep understanding of the nature of crypto and blockchain technology, I believe he will like it also, as a businessman.

If Trump was saying good things about bitcoin that's when I'd double check my own love for bitcoin. Trump represents the system, he is a dinosaur, he is a slave to the bankers he owes money to.

I wouldn't be surprised if his masters (the banks that he owes money to) forced him to write this.

They are working in the dark as if they can fully stop bitcoin just like controlling many countries, well banks are scared now they know that. If there’s a bad comments again about bitcoin then we must not be intimidated about that, i mean let’s not panic and keep buying at the dump price.

This news update is like panic in the cryptocurrency industrial, base on that, the information send across the globe has contributed the current prize dropped, However, Bitcoin and other alt-coin we still be a useful asset in the future.

It looks like the usa government will regulate crypto. (today's press surprised many people)
 I think they will adopt crypto.

https://bitcointalk.org/index.php?topic=5165556.0

His tweet and another popular people statement will make Bitcoin became almost popular, the television will broadcasting the 'negative' statement from president and this situation same like president advertising bitcoin into public and people will curious about bitcoin and find what is bitcoin and how it work. whatever negative or positive news, public will be know when fund about bitcoin as future technology payment.

We will eventually know what's his real stand regarding bitcoin and it's now a hot topic on the white house.

But still that doesn't remove the idea on my mind that he's fully aware of it.

So, his stupied tweets didn't affect the btc price, that's the most important

Trump comes again with another clueless information. This is one thing I don't fancy about him. Each time he see's something good coming up, he will to kick against it or destroy it. Not surprise he said so cos he has seen what will be of bitcoin in years to come. Maybe bitcoin will be more valued than dollar