Bitcoin Forum

How the crypto market will react now? President Trump's statement against bitcoin and cryptocurrency. Trump for the first time come out openly against cryptocurrency. The US is one of the countries having a large share of cryptocurrency market. What will be future implication following Trump coming down heavily on cryptocurrency? 

had read several news about his comments and  and also his tweet stating his dislike on bitcoin and cryptocurrency.  I don't know if we should be worried about the statement but it looks to be bullish for the cryptocurrency community

With or without statement from Mr. Trump, we all already knew very clearly about the main management approach of the USA. governments on crypto currencies. Therefore, in general, the recent statements of Mr.Trump in fact do not disclose anything new, IMO. There are just some people over reacted with those statements, they are minority.

I have information that Trump has kept a large amount of BTC five years ago. Surprisingly, until now Trump declared that. I think that's just an excuse for him to buy more BTC. Relax and see what happens next.

Good luck!!

could you provide exact statement that you refer on? drawback from previous days was due to Powell comments, and he is from FED, comments were regarding Facebook Libra project, and influence on global money

Are you worried about that? good or bad publicity, you know that it's still publicity. We don't know if Trump truly anti bitcoin/cryptocurrency because this is what the whales of the market does. In the beginning, they are bashing bitcoin and crypto and you will be surprised that they already have it and will admit that they had bought it at the dip. I'm worried at least with his statement and even thankful because he has highlighted bitcoin to his tweet.

We don't need to be worried about the news from trump ,all I see is government knows how valuable Cryptos are and they want to get their hands on them faster by ridiculing the tech ,let's wait and see what future brings

Of course Trump will not like bitcoin, and other crypto types because it is decentralized and not subject to government management. furthermore, the crypto market is still too new and there are no clear rules from the government, it is turning into a tool to carry out illegal activities. But I think that in the long run the government will change and make clear rules for managing crypto, so we don't need to worry too much about Trump's statement. He simply said he did not like it, not a ban.

It's nothing new actually we all know what is the stand of USA government ever since and every government for that matter, they don't want to lose control of its people and they do not want decentralization in the first place, It's unfortunate back then we have a coin named Trumpcoin.

As everyone knows, Mr Trump is a great businessman and has a lot of wealth, And I think that the President revealed the encrypted currency and wanted to be the biggest beneficiary of this market and made this statement until the market fell and exploited incredibly.

Do we have to treat it a big deal? There is nothing special about what this man speaks. And I don't think this will cause even a little dent as to the reputation and potentials and even price of Bitcoin. For so long that Donald Trump releases controversial statements that are clearly uninformed, people have already learned not to pay attention.

Trump's statement despite being the President of the US will not have any implication on bitcoin and any other genuine cryptocurrency. A lot has been said against cryptocurrency prominent people in the world, yet cryptocurrency has not shifted ground, rather it is waxing stronger. Therefore, his statement should be disregarded as been the usual, because it is not new.

What statement did he make against bitcoin? Can you please post a link since I couldn't find anything and it sounds like a rumor unless you're speaking of facebook libra which is completely separate investment. I find surprising that people are commenting but no one has posted a link.

That's an agressive words coming from President Trump of the USA, and it's really remarkable for all of us. It means a very serious matter for bitcoin, but as decentralized matter regarding bitcoin; the financial freedom still remains intact despite of strong words from the President.

It may affect libra since facebook wants to get involve with the banks so meaning if facebook wants that to happen then, they'll have to face regulations issued by the government. But other than that, I don't think there will be much. And the market looks bullish right now especially bitcoin so no need to worry.

the crypto market will not have a major impact on his statement. many people give statements about crypto and on average they say crypto is bad. but in the end crypto is still developing and there are still many who like it, so just relax.

I think it's normal he doesn't like BTC and crypto because he is the president. as long as the government still rejects crypto, he will do so too.

His tweet isn't wrong at all . He said " Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity" . I am agree with that, but he also forget if vas majority of criminal transaction are done in fiat

To be sincere I don't truly believe what Trump is his own stand on Bitcoin, I just feel it is what he was told and decided to go with his advisers. Kiyosaki  (Rich Dad, Poor Dad Author) is a friend of Trump ad have both publish a book together, do invest in Crypto, I know he owns BTC and Ethereum, so Trump is telling people like this they don't know what they are doing

yes maybe it's just a sensation made to disrupt the market. with conditions like this maybe those who have the intent and interests can buy bitcoin at a cheaper price.
do you remember that the trump also talked about the death of a big film actor, even though he was still alive. whatever he actually did.

Most of people just dont know that blockchain itself is among the most teansparent system out there because it is recorded since the emergence until now, if every btc addresses were to be changed to the owner's name we can trace down all of people's transaction and they are still thinking fiat is less anonymous than bitcoin smh.

I agree with most of the comments here and looks like these posts will have a boosting effect on the crypto market in the coming months because awareness will increase and we already know trump has global followership and world media also highlights him so whatever he posts about crypto will help crypto go mainstream.

No one can stop a decetralized global currency, even the US president.
The market has the last word, not anyone else. Supply and demand, fellas. Everything else is noise in between.

its just statement for another pump and dump, many people has to say Crypto will defeated,scam,fraud.
but its still exist, to be honest im not really care about other opinion now and just follow it.
im just focus with my business  ;)

Nobody knows what to expect from two things: crypto currencies market and Donald Trump  :D I would not wonder if he would say that crypto currencies are great in his next speech, so keep calm and let him talk.

Trump can't stop bitcoin or crypto in general. However, he can stop (or try to) the gateway between fiat and crypto by massively regulating the centralized exchanges, making it practically if not technically illegal for any citizen to transfer USD to an exchange. And that might work for a time, but with decentralized exchanges coming on line I don't see how even that would work long term. There'd have to be an outright ban on all crypto in the US and even considering that miniscule possibility it would just be the US.

I honestly think this will cause people to backfire imo. It's going to raise a lot of questions and people are going to honestly fight against him especially younger generations.

We understood clearly that the USA is the strictest nation on crypto currencies, especially KYC requirements on crypto exchanges' users, and private coins. So, what the President stated recent hours does not change anything in the management strategies of the USA government on crypto currencies. I don't understand why there are people whom fall into panic with recent opinion of the President on Libra, bitcoin, and crypto currencies.  :)

I do not think that latest Trump's statement will negatively affect the crypto market. On the contrary, the more high-ranking officials will publicly discuss cryptocurrency, the more popular bitcoin and the whole cryptocurrency market will become .

I think that this statement cannot have such a strong influence on the cryptocurrency market to bring it down. Such statements have already been made by many different people. It is necessary to understand that the cryptocurrency market may have a bad effect on the development of the banking sector or even bring it down. Therefore, cryptocurrency in this regard is dangerous.

maybe the statements from mr. president of USA is the causes why crypto market getting red now
but, for me,, the impact just only for a while, because the price of bitcoin still run above 10K USD
just prepare yourself for the next waves on crypto market buddy

The 45th President of the United States did not say anything that was said before him. The only thing I doubt is the power of the US dollar at the moment. Besides, I think that Trump's Twitter posts are being written by a whole team that doesn't have him.

Trumps opinion on cryptocurrency will not matter to me I don't support many of this messages or decision so this won't be different. Him in his capacity as the president doesn't make him perfect in cryptocurrency so there is no course for alarm

That is hilarious. Well Mr. Trump is a businessman and this cryptocurrency has been pretty much profitable for people in the US. Their major banks like Goldman Sache and many more have actually started accepting Bitcoin transactions. The leading companies are accepting Bitcoin as a medium of exchange and to cut down the cost of their economic activities. Do not follow what Mr. Trump says.

After all, people won't just go and leave crypto, surely they also think and don't even care about that. We already know that crypto is a future technology that will make the world more sophisticated, while he can't control humans, crypto will stay alive no matter what is that statement.

The very fact that the president of America is publicly starting to discuss the cryptocurrency market shows that the future is greater with us! But how soon - in a month or a year - the market will start growing as no one knows in 2017 ... It remains only to wait and continue to analyze new projects.

Trump's tweets has became so light weight as they now don't attract any significant attention at all. He's not only decreasing his credibility, he's also defaming the position of the president of united states of America. The USA is itself being isolated from the whole world and international community have stopped seeking for it. As once the leader in every field, USA now lags behind in most.

yes of course, the community will not be affected by that statement. may only affect a few people who panic about the market situation. in fact now bitcoin still looks good. we prepare for the pump again.

Trump's comment on the volatility of crypto is exclusively his opinion about cryptocurrency and thats the way he sees cryptocurrency. I do not think this will affect cryptocurrency at large because its an opinion of a single entity which obviously have no impact on bitcoin and block chain technology. The US government has not really come out to speak about bitcoin but the government has not being in full support of bitcoin and blockchain. I believe the future is great and I see that no one is capable to stop the revolution.

yes, but i think Trumps opinion will be a free promotions for cryptocurrency
why ? because people who don't know about cryptocurrency especially bitcoin will find out about that after read The Trumps opinion on twitter
and i believe a lot of new money will coming to crypto industry soon

I think Trump and the United States of America will come around. JP Morgan and other Capitalists once spoke around it but soon, Warren Buffet will be having a banquet with Justin Sun. Soon or later, the world will realise that cryptocurrency is a technology that is totally inevitable and must be embraced like the internet

No offense but Trump statement is not that credible nowadays. He might change his mind like what his other statements against anything. When he realized that he is wrong, he will make a way to contradict his first statement so that he will look good and great.

He is a highly fluctuative man, his opinion changes so fast. However, what Trump said is not new at all. We all know how the USA government have tried to control crypto currencies (exchanges, ICOs, IEOS, and so on) in their nation. What Trump said is just boring repeat on what the USA governements have implemented for so long. He did not say anything new, and there is no breaking news from his statements.

I agree that's why we better not take it seriously, on the contrary others is sure that his statement is very positive for crypto market for whatever reasons. And even his pro bitcoin supporters are now confused, lol. Trump doesn't look stupid tho, he is such a dumb loose cannon.

Based on what Trump have done so far in his career, his ultimate goal is financial benefits. Sure, he or his relatives have likely invested or might invest in crypto. There is an assumption that Trump tried to manipulate Bitcoin and crypto due to his lovely daughter, Ivanka. https://www.ccn.com/news/why-ivanka-is-the-ticket-to-influencing-trump-on-bitcoin/2019/07/12/

Honestly, I doubt anyone cares about Trump at all. He talks about whatever he wants the way he wants and that is not just crypto currency neither, even stock market is not caring about what he does and that is why it doesn't go too low nor too high because they know he might do something crazy that would drop the prices of all stocks or do something weird and increase the stock market prices.

Only the republican Americans and only some part of it as well cares about trump, all the other Americans and rest of the world sees him as someone not to be taken seriously and doesn't even feel like he is the president at all, he is just a puppet for some people around him and does whatever he is told. So couple of tweets about crypto by him means absolutely nothing to us at all.

I haven’t read his tweet but I’ve read in a similar thread in different board that he said he dislikes bitcoin or cryptocurrency, well it doesn’t make big sense if one doesn’t like crypto. A lot of people do not like bitcoin but it didn’t stop bitcoin from going forward and becoming even more stronger. Just because he is a president of a powerful country doesn’t mean he can already influence people’s decision on a certain matter.

I read the news online ,trump won't like bitcoin and other altcoins but even if this will change later on government will only like to support centralized cryptocurrencies only ,I heard this news is good for bitcoin all around

Relax he is not the president for life of United States and it's expected for Trump to say like that because he owns a lot of business some of which are not compatible with Cryptocurrency, I believe we have a coin way back 2017 that was named Trumpcoin anyway what he says should be ignored.

yes he isnt and he is not also the president of other countries . he only holds the us but he dont hold the other countries and majority of the countries are still supporting cryptos so there is no need to worry about this news  .

so whats the connection of that trumpcoin to this issue today ? i believe its only a name that is similar to trump but trump dont know about it because he didnt own it  . he is a president and i dont think that he will be interested on making his own coin because he is already rich and his already busy with his life .

His statement is baseless, he said crypto is being used as the payment method of drug dealing. So, how about the ship seized of JP Morgan which had $1.3 billion worth of drug? Both cryptocurrency and the traditional currency can be used for each and every exchange. But, at the end, cryptocurrency has better option than traditional currency.

This simply shows the relevance and threat the blockchain technology and most especially bitcoin is putting across to most economies still clinging to the old monetary system. Bitcoin and blockchain has come to stay and there is no changing this fact. Trump comments are only going to bring recognition to the industry and further grow the technology. His comments are at best, advertising for the industry.

The truth is we should be happy. The fact that the sitting United States president made a statement about cryptocurrency shows that we are getting there. It shows that they can see the potential of the market and they are threatened about it but they can't stop it.

I hope it will have none. Actually, I think Trump is getting scared a bit. He saw that "standard" fiat currencies have their flaws and some people noticed that. The system can stay sustainable for as long as a majority of people believe in it. The house of cards can fall down pretty quickly with a many people involved in its demolition, so they can not risk an end of the world controlled by them. Oh boy, this fight will be tougher and tougher. Politicians will not stand for us. It is in our hands to do so.

It may give a little bit of influence from this bad or negative news. However, I think that these negative issues will not give big infleunce because we know that many people in the world trust crypto not only because of the well-known people in the world.d BUt because of the value and chance of cryptocurrency for the future.

I think this will have a huge negative impact from crypto and bitcoin industry. All we know that USA is the most powerful country in the world. So if we think there is a big possibility that bitcoin and other crypto will killed because of US President statement about crypto. Many countries are depending on US so they are following on it's step. So time comes that this will be a big problem to all crypto users and investors.

The remark will make the market even better, there might be some downtrend afterwards but look at where we are now, we are still holding strong in $11K range and I think from here we will rise. Lot's of criticism from big personality in the world but crypto is still here staying healthy and alive and I think no one could stop crypto and the government's only option left is just to regulate it.

He will just lose votes coming from Cryptocurrency investors and believers, Trump will soon lose his presidency they just come and go soon we will have a US president that is lenient to Cryptocurrency I guess Trump does not have an idea how many Americans are into Bitcoin.

I think this is just a private opinion of Trump and it does not affect the upcoming election of the president much. In my opinion, not accepting crypto will have a huge impact on the community of this country because America can be considered as the most crypto-using country in the world and large organizations consider it the only means of payment because it makes them anonymous

I wouldn't blame Donald Trump for this statement credited to him, he is the president of the powerful country in the world he will have to protect the world dominant currency US dollar, he knows that Decentralized cryptocurrencies is a major threat to a centralized fiat currencies, Facebook Libra is also coming up, Bitcoin has come to stay however this statement in one way or the other is making bitcoin and Libra to be more popular and election is coming this are sensitive issues that have to be dealt with once for all.

Personally, I think that cryptocurrency is currently waiting for convenient conditions for a good takeoff. And there is a kind of panic in the market after the statement of the American president. And I think that all this panic will end soon. Since all this panic is done to derail the crypt and make good money on it.

I guess trumps have made crypto even more popular, the more it is discussed, the more people will know and there will also be many new investors who want to try to buy it, not every US trade will come out from crypto I think maybe more US people will find out and learn about bitcoin.

This is a matter of world trade competition, I don't think it will have any effect on cryptocurrency, the crypto market has now dominated the global market, and the influence of Trump's words is minimal. because cryptocurrency with an anonymous nature can stand alone without having to have the USA.

I think the never ending stream of exchange hacks and theft of coin is doing far more to kill momentum than anything Commandant Bonespurs has to say.

if only a trump that says it doesn't like crypto is not too influential but if the trump makes a special rule for citizens to ban crypto it will have a huge effect

Is this news causing the price of bitcoin to decline in the past few days? I hope the Trump statement does not have an impact on current cryptocurrency prices. I am sad to hear and read the latest news this time. :(

News now play little role in the pricing of coins. Now it is not clear what the market reacts to. So far, it's all talk and nothing more.

Is there any announcement by Trump? or NO?
Anyway, it doesn't matter to me. Because l know what does not happen in this industry and l can't deny the fact, l have read some news about it. He has made very clever business contracts but cryptocurrency is not in his special interest. l don't know we must worry about it or not. BTC is a decentralized monetary, therefore no one can destroy it. l wouldn't like to sound absolutely ridiculous but l have to point out that we don't know how the Government of the US weighs cryptocurrency.

Nothing can stop evolution, so weather the USA president tweets of comment agains crypto evolution will happen, crypto is the way forward and everyone wants to be a part of it

I am not surprised that Trump had to say that. A lot of people have also made their opinions kniwn?. Trump has his own business and he might feel that it will affect his business.
No one can drag cryptoccurrence dow the drain. No one can take away from it, most especially from where it placed for now.

Maybe, most viewers got the wrong context of what he said. Maybe, he is saying that for the benefit of those who will listen and watch him. And the bad thing is, he is viewed by people around the globe. I don't think he is totally against crypto. We don't know his inner perception on cryptocurrencies.

Cryptocurrency has been through this all the time. From JP Morgan who spoke against bitcoin but still btc is still alive and doing well.

The market plunged few days after Trump's statement about bitcoin.
Whales are giving him a good entry so I think there will be a boost after few more days.

I don't think Trump is against in cryptocurrency. I also read his statement which is he just don't want to use bitcoin and cryptocurrency but it was not stated that he is against on it. People sometimes are very exaggerated and over reacted for every statement of thise with high power person.

Do not think that presidents, politicians and bank representatives will ever love cryptocurrencies. Cryptocurrencies is an alternative for traditional banking system and state as we know it - idea of crypto anarchy.

I do not think that Trump is a person that knows a lot about cryptocurrencies, so nobody cares about his opinion.
Follow people that know something about cryptocurrencies: A. Pompliano.  :)

such statements will not affect the crypto world if there is no concrete action.
Keep in mind there are a lot of people who oppose Bitcoin, but until now Bitcoin continues to move so don't let you be affected by this kind of thing.

but the effect might be as bad as it is now. do not know the effect of what the president said or from others. but the moment was almost the same, it was very surprising.

It is not his own statement. But he is the president of the United States, it represents the entire US government system. If you read it, he said that if Facebook wants to set up a bank. They must seek a new Banking Charter

https://i.imgur.com/q4YMRnC.jpg

I assure this project is going to be huge....... The tools behind it's mechanism are so powerful  to drive it to its full potential.... #SPARTATOKEN

Actually, the part where he talked about it being used for drug trade and illegal activities, isn’t wrong. He isn’t a fan because he probably hasn’t sat down to understand cryptocurrencies. It is a good thing that he is getting to comment on cryptocurrencies. Probably, next time, he will be talking about how to make it work for the general populace.

Sometimes he says the things that seem to all at least odd. The other day, he said that Schwarzenegger died (later, he said that not physically). I believe that he owns Bitcoin himself as knows that crypto is the future.

He's an idiot, it might do the community some good as anything he says is rubbish alot of people are skeptical and will do their own research. Yeah I know there's half of the population in USA that won't but any new audience is good.

We all know that he doesn't have any depth knowledge about crypto, only he knows the name but being president will have to respect his appreciation towards the market. What he say's might give a huge impact on the market but it won't be a way that could bring it down. We know the current situation and what this actually be working, will that statement meant nothing to us who knows crypto well.

Well maybe that's one of reason why bitcoin price decreased to $10.9 k now after it was $13k (before the tweet from Trump which againts with crypto), but we all know there were some people or even instutional who said they aren't believe with bitcoin, after bitcoin was down to $4k months ago, they are buying/launched their own coin (e.g Jpmorgan)

for me the statement of trump was quite controversial and caused the price of bitcoin to fall. I think trump will support crypto in the near future, because now it's a trade war that has begun. crypto is one of them to encourage the world economy.

Well, the only people who will be affected are those have traders and hodler which have weak hands wherein who decides whether or not to sell depending on the trend and news from cryptoworld and on the other hand, that would be newcomers or who are planning to invest in crypto, other than that I don't see any other people who will believe and decides to leave crypto.

He's a good guy but a slow learner. He is wary about the economics if crypto came as a common replacement for fiat. The whole world economics has been based on taxes on fiat.
And it would really be difficult to run a government if people don't pay their taxes.

I'm not so surprised by Trump's statement that he doesn't like Bitcoin and won't use it for the future, see in 2017 that the Chinese government issued a statement that Cryptocurrency was banned in his country, but what happened a few months later, they were interesting return the statement, but please note that all statements will not have a big effect on Bitcoin, because Bitcoin is the best technology in the future, many people love Bitcoin.

The recent tweet of Trump is based on his own personal view or opinion and there is nothing to fear about. Bitcoin already recieved various criticisms in the past including death sentences but survived. Mr. Trump may not be well-informed on how the cryptocurrency works or just want to bring down the price so he can able to purchase the coin at lower price.

We have always known the stand of the United States Government on cryptocurrency from time immemorial,  I dont think any one should be affected right now about the stance of the president. We shouldn't lose faith in cryptocurrency because as long as the internet lives on, cryptocurrency will never die. It's going places. A time will come when cryptocurrency will be accepted in all nations of the world. It only requires we waiting for those good times to come

I don't think President Trump doesn't like bitcoin or cryptocurrency but he says bitcoin or cryptocurrency is not his favorite investment. I think it's a fair statement from the head of government because as President, he must maintain the credibility of dollar

These type of news will effect on the market for a few days when other news comes, people forgot old news and go with the current news. Positive and negative news comes to this market have every quarter, and their effect is always only for a few days.

You are telling what I have observed on the history of crypto, I mean that's the trend, there's a FUD, price will dump then afterwards it will pump.
That trend if we like to take advantage on that, we can make serious money.

but not everyone has the confidence to buy when the market goes down. for those who are brave and have skills, they may determine the lowest price and immediately buy assets. and just waiting for the moment the pump is done on the market, it is very possible. just wait with confidence.

Trump is very love with US and when there was someone that he was thinking if that can disrupt the economy of US and they will give bad reaction for that. Trump was doing it for US.

FTFY

That guy is not good to listen with as he is living his life with FIAT.
He is one of many people who dont want BITCOIN to place FIAT as there will be new ranking of rich people once this happen.

Am sure this is all because the Libra wasn't registered in the US and the crypto is operating in a market with so much crypto influence.

If this isn't the reason might be that they are afraid it could challenge the dollar and destabilize it's value so this is all in an effort to save what has remained.

Maybe the US government has trust issues with facebook and are trying to make sure it doesn't repeat itself.

Trumps’ opinion really matters a little bit man, and I think we can see the little effect it had over bitcoin recently because I do not want to believe that the sharp decline again is as a result of correction, but the good thing is that it will pick up and balance with time once the whole Fud news dies down.

I think his statement will affect more of U.S citizens, most of the weaker investors their will surely panic sell their coin, but once we get the weak investors out of the system, I am sure that things will normalize again. I do not blame trump though, he is simply just doing his work, he would not want to support what will weaken the U.S dollars most especially now that he is in a bid for the second term, and people may use it against him if anything happen to Dollar.

Generally, his tweet publiced bitcoins and cryptocurrencies a bit so more people now know that it exists. While it's effect may be temporary or not much,  it will majorly affect US citizens on issues concerning crypto. So blockchain projects based in USA will definitely look towards regulations as a way of making it legal and also away from criticism.

what I am most concerned about is, if the trump takes a policy to ban the crypto trade in any form. that would be a bad situation, considering that America is the largest crypto market in the world. for a while, trump only gave a statement of his statement, and I think for now it's not too influential.

I don't think that happened. the United States is one of the largest crypto user countries. some crypto product developments occur there. but there is indeed a regulation that is regulated by their government for the crypto market.

Yes, listen to Trump is to fool yourself. How many times did he make any loud statements on any occasion, and after a couple of days he did everything, on the contrary, without a twinge of conscience. He is a showman and it's time to get used to his baseless statements. Let's see what will happen this time.

the trump statement does not affect cripto. we know there are many countries fighting bitcoin but until now bitcoin still exists. bitcoin and crypto will never die at any time

When Trump tweets something looks seriously, we should understan it in opposite meanings. From my observations, most of time, Trump does reversely with what he tweets, weeks or months later after his tweets. Someday later, Trump might tweet that crypto currencies in general and bitcoin in particular are future of human civilization.

I don't know why people are so interested in the garbage Trump said about cryptocurrency. Bitcoin and blockchain technology were working way before Trumps thought of contesting to become a presidential candidate. So he knows nothing about cryptocurrency and he is just sharing his ignorance.  We shouldn't waste our time analyzing his statement.......

Trumps statement is already having a negative implications on cryptocurrency. It OK the presidents forbids cryptocurrency in US but coming out openly against it doesn't spell well for the crypto community. Well, there must be way around it. I was thinking the market will go deeper than it is but yeah, the market still survived.

Even though Trump spoke negatively about crypto but didn't make decisions that could damage the market. he  mentioned the hacking case at binance by highlighting more on the transparency side compared to the bank. During an interview with CNBC, Binance's CEO, Changpeng Zhao, considered Trump's comments to be good. this is because he wants the United President to start talking about cryptocurrency.

His statements may be baseless, but the fact remains that he is the president of the most powerful country in the world and his social media accounts are being followed by tens of millions of people. Although his mention was mostly negative, I am stressing more on the positives that could come out of his statement. Let's take this as free publicity that came at no extra cost.

In my opinion, even though the US has almost confirmed cryptocurrency through its presidential statement Donald Trump, cryptocurrency activities continue as usual. It could be that Trump's intention is not negative for Bitcoin and cryptocurrency. Regarding the future of Cryptocurrency, what if we only see it for some time to come.

Trump has brought negative and positive feedbacks to the people all about cryptocurrency but i have strong faith in crypto particularly bitcoin that it will not be affected that much just like when China had banned bitcoin. Transactions will still occur naturally and that no one can stop crypto enthusiasts even the president himself.

Publicity is publicity, and Trump can't keep his mouth closed, so let him keep talking about it. lol

trump now needs PR, believe he knows what he's doing. though many call it inadequate here . I hope it's just words and attempts will not be accepted. I wouldn't be surprised if he changes his mind in the near future. Trump is a good manipulator.

Trump's opinion are weighty and  matters because of the position he occupies . I thin his opinion if they are anti crypto-currencies will affect the market negatively considering that most policy makers would like to align with him

After trump's tweet against crypto, the market went red drastically. This shows that crypto enthusiasts still have a long way to go with respect to being resilient when holding crypto. Crypto enthusiasts dump their coins anytime there is slight FUD and this is not healthy for the crypto market.

In my opinion, it does not matter what the president says about cryptocurrency. Of course, it would be great if he urged everyone to buy Bitcoin and invest in cryptocurrencies, but what he says about Bitcoin is already good.

Whenever a popular person releases a statement like these, expect to have a good impact on Bitcoin's price after a couple of weeks. I know some people will be afraid or end up selling their coins. But come to think of it, if he is the President and he knows that these coins might be used on illegal activities (actually it was proven before to be used in illegal activities), and he can simply ban these coins to the US. But he didn't do it, we do not know why. Maybe he's holding Bitcoins too, we never know.  :D

In my opinion not much, but it would be a different story if he chooses the opposite, but it's expected anyway, he is obliged to fight for the interest of the banking industry, it is the government's arm to control the economy and it's people money.

One thing I picked from Trump's statement which has also been a major problem that scare most people aware from crypto is crypto volatility. It can be demoralising when you wake up in the money only to discover that a third of the market has been wiped out.

As President, Trump must have kept the dominance of the dollar in the world. With the increasing popularity of bitcoin and the emergence of Libra Coin, it will disrupt the dollar's position in the world, and I think Trump's statement is still reasonable and normative

I watched Trump's statement about bitcoin that he did not like it and had no confidence in it and even in their own country was banning bitcoin, they just did not know how much bitcoin was helping in different countries that it had because at the size of a lender when you invest in it.

Cryptocurrency market reacted as the down after this statement of President Trump. The cryptocurrency future basically depends on the initiative of the USA and other few big countries.

Do you know that after his controversial tweet CEO of TRON invited Trump to a lunch? You can read more about that here https://blocktoq.com/justin-sun-invites-donald-trump-for-lunch-weekly-news-8-14-july/  :D

Although it did made a pullback from $11k+ to $9.5k days after Trump’s statement, it did rise back to 5 digits again. And few days ago, it did another pullback to $9.6k before rising again to $10k+.

The point is this. It didn’t matter anymore. It only creates exposure for people to become aware no matter if it’s bad. After all, early adopters like us would quickly educate them about the true and positive nature of Bitcoin, altcoins and so on.

I also heard that it might pull back to as much as lower as $8,800 due to the “death crosses” in the chart, but yet again, it doesn’t matter. I would rather buy the dip because I know one day it will “moon” again sometime.   

of course he has a lot of influence but with crypto currencies for the
first time it will not be the case to be completely exposed to politics 8)

It doesn't matter? are you jooking? the tweet that created by a president can be considered as a reliable source to determine the future of the crypto in US. if the president decide to ban it and crypto will be over.

Trump's statement can only affect the psychology of new people because they are not directly involved in this market, for those who use crypto, these statements are almost a daily and monthly story, too much bad information and rumors, crypto continues its path, going up and making a profit. Even these statements will become an opportunity for shrewd investors to buy low and sell high, against crypto is just an idea and theory of Trump, applying this theory into practice will have many problems

US president is talking about cryptocurrencies, it doesn't matter if he is talking in positive or negative way, it matter that he is talking.  ;)

I'm not too worried about a Trump response and it shouldn't affect bitcoin and the cryptocurrency forum. there is no problem if America bans its citizens with cryptocurrency because crypto will continue to run without anyone. Trump can only ban citizens and not the world

cryptocurrency is not legal until now, but cryptocurrency still persists, so in my opinion even though Trump is against cryptocurrency, it will not be able to influence cryptocurrency or even make cryptocurrency die, because what can affect cryptocurrency is people who invest in cryptocurrency (investors) and not people who against cryptocurrency, so in my opinion the statement made by Trump to against cryptocurrency will not be able to influence cryptocurrency.

All these politicians and famous guys say one thing today and another opposite one - tomorrow. I don't think we should react this somehow. Let them talk what they want. Crypto will dominate the market anyway :)

Citizens...  Citizens from where?  As in "world citizens"?  You're a dumbass.

l have just read your post. l would not like to sound absolutely ridiculous but l have to point out that it doesn't matter for Trump. If this news are right. There is nothing to worry about that. in my view, Trump like to lead everything such as cryptocurrency. But it is impossible.

That reflects why so many exchanges and IEO are restricting any USA citizens from participating. They just don't want to take the risk of accepting USA citizens and face the consequences.
However, it seems that there are some people in their government that opposes to what Trump has said and I don't think that USA will enforce any even more strict regulation as of now.

What Trump is saying does not mean that they will do it all over the world.  Although nothing negative happened yet, although the tax service in the United States only stated that users of cryptocurrency were preparing to pay the tax, and Trump expressed his personal opinion.  I think that in India the situation is much more complicated when people face a ten-year imprisonment.

Many people believe Trump's statement led to downtrend of the market after a move for BTC to 13k$. Well, market emotions affect the crypto market greatly, since a slight FUD will cause many to dump their holdings. I also want crypto enthusiasts to understand that when these big shots draw attention so much to crypto, it means they are showing interest.  Let's try to be Patient when holding crypto, you wouldn't know if the people castigating are actually doing so to take position and buy bitcoin.

True, good expose for a crypto scene no matter they post it good or bad. But the KYC and heavily regulation law from the US make harder for crypto as well.

The crypto market has reacted like nothing has happened. Even following the statement by Trump, bitcoin has risen and altcoins followed suit.
Cryptocurrency is being adopted so intensely that nothing bad will affect the crypto market.

you are not right. Trump strongly affects the cryptocurrency market. His statements slow down its implementation very much. when the president changes in the USA then the market will begin to grow very quickly

The Presidents statement on cryptocurrency really had a bad impact in the crypto market. I guess the downtrend of events in the market started after that announcement by Trump. But in a way, I see it that the president somehow announced cryptocurrency to the world.