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Author Topic: What does a President Trump mean for Bitcoin?  (Read 30153 times)
blockcha1n
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February 24, 2017, 11:49:15 PM
 #541

Now that he has appointed a known bitcoin enthusiast as his economic development officer (or something like that Undecided ) maybe he will have a different point of view on it.
You know that other bitcoiners seem to try really hard to get others to use it and involved and turn them over to the light side and leave the dark side, the fiat currency, for good! Smiley

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February 25, 2017, 12:38:40 AM
 #542

Now that he has appointed a known bitcoin enthusiast as his economic development officer (or something like that Undecided ) maybe he will have a different point of view on it.
You know that other bitcoiners seem to try really hard to get others to use it and involved and turn them over to the light side and leave the dark side, the fiat currency, for good! Smiley

Trump doesn't believe in the notion of a global currency.  He is a nationalist.  Here is a brief purview of his stance on a global currency: https://youtu.be/Y-uRRXa3rMs?t=2695  I think that it will just be a matter of time before he makes a move against bitcoin.  Bitcoin does not fit into his worldview.
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February 25, 2017, 03:05:39 AM
 #543

I think the Western world needs to invest in Bitcoin farming, whether with government incentives or not.
And the alts can only stay alive if they are mined. 

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February 25, 2017, 05:07:34 AM
 #544

Trump is shaking a lot too many things at the same time, his ideas to punish companies that sell at USA and dont offer work to USA citizens, is the model to follow by each country, but too many thing he wanna to change without consult the law, we dont need him at bitcoin, sure a good opinion about bitcoin would be a boost to the mass adoption but those wont happen, bitcoin can became a target instead be promoted.
Yes I agree with you friend, When the Mr trump elected President, the world economy is very shaken. But it is actually a positive impact on bitcoin. When financial market conditions weakening demand for bitcoin increases. I think Mr. Trump will continue to bring a positive impact on bitcoin.
Keep positive thinking, bitcoin future will always good although without Mr.  Trump.

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February 25, 2017, 06:41:09 AM
 #545

Well, I empathize with you, I certainly know how it feels

And I kinda understand your apprehensions and fear ("once bitten twice shy"), but we should remain realists, before all. In this case, if you don't use web wallets such as Coinbase and their likes, you are basically insured from your money being taken (read stolen) by the FBI unless they break into your home, of course (but in that case you'd better expatriate to another country where Bitcoin is not going to be prohibited, say, to Switzerland). In this way, Bitcoin is certainly better and "reliable" than poker


We ended up getting most of our money back.  The real problem was what it did to the industry....The UIGEA stopped banks from transferring money to certain sites....it didn't make gambling illegal.  It just prevented US dollars from entering the gambling markets.  Before "Black Friday" it was fairly easy for a skilled poker player to make a profit, but after "Black Friday" it became difficult because there was less USD entering the online poker markets.

So, while they cannot "freeze" our bitcoin wallets, they can stop the US dollar from entering the cryptocurrency markets through US financial institutions under current regulatory code

This is basically what the Chinese authorities did

Though they did it in a reverse manner, i.e. instead of banning dollars (or yuans, in this case) from entering and leaving the system, they prevented Bitcoin from moving the same path (i.e. disallowed Bitcoin as well as other cryptocurrency deposits and withdrawals). I guess the effect is absolutely the same. Understandably, since only fiat was used in poker rooms, they had no other option but to impede the turnover of US dollars. With Bitcoin, if something like that is going to happen, it will be easier for them to follow China, i.e. attack Bitcoin directly

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February 25, 2017, 06:49:48 AM
 #546

Everyone is worried about , Trump.

Everyone better start watching CHINA,
they are the ones that FROZE THEIR ENTIRE COUNTRIES BTC & LTC WITHDRAWALS for a month or more.

They exerted more control over their Crypto Exchanges, than anything done by the US.

BTC= Better Trust China

 Cool



I never trust the China. They are not good and they will betray us when they have enough fund or money. Stay away from them if you want to become rich. However, try to watch their step because we can not deny their huge influence to the cryptos world
Damn it
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February 25, 2017, 07:02:53 AM
 #547

Now that he has appointed a known bitcoin enthusiast as his economic development officer (or something like that Undecided ) maybe he will have a different point of view on it.
You know that other bitcoiners seem to try really hard to get others to use it and involved and turn them over to the light side and leave the dark side, the fiat currency, for good! Smiley

Trump doesn't believe in the notion of a global currency.  He is a nationalist.  Here is a brief purview of his stance on a global currency: https://youtu.be/Y-uRRXa3rMs?t=2695  I think that it will just be a matter of time before he makes a move against bitcoin.  Bitcoin does not fit into his worldview.

Yep.

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February 25, 2017, 07:36:54 AM
 #548

I think the Western world needs to invest in Bitcoin farming, whether with government incentives or not.
And the alts can only stay alive if they are mined. 


I think that is right, but the problem is there are only 21 million bitcoins scattered all over the internet, if many miners will mine it, it will be mined empty. I think they better start accepting bitcoin for a start. It will really help scattering mined bitcoins.

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February 25, 2017, 07:56:48 AM
 #549

according to my thinking, trump will bring a new breakthrough for Bitcoin. and now, as we see, Bitcoin prices are rising quickly. trump is a trader, when he was president, he will focus on economic development. a development step is what I believe in Bitcoin as trump presidential election





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February 25, 2017, 08:47:18 AM
 #550

Everyone is worried about , Trump.

Everyone better start watching CHINA,
they are the ones that FROZE THEIR ENTIRE COUNTRIES BTC & LTC WITHDRAWALS for a month or more.

They exerted more control over their Crypto Exchanges, than anything done by the US.

BTC= Better Trust China

 Cool



I never trust the China. They are not good and they will betray us when they have enough fund or money. Stay away from them if you want to become rich. However, try to watch their step because we can not deny their huge influence to the cryptos world
Damn it

We live in a globalized world. It is not right to say that we do not like some country or some of their people because they will betray the rest of us. The Chinese did not betray the bitcoin.The Chinese government and the PBOC defended with raw and clumsy way the yuan. Tomorrow, maybe the same will do India or Europe or someone else. Bitcoin is a global currency and influence the worldwide markets. I believe in the future to see more governments to react like as China did. This is the game and there aren't any fair rules. Always the good profit is risky.
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February 28, 2017, 02:51:40 AM
 #551

I guess the Germans love Trump. LOL








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February 28, 2017, 04:52:55 AM
 #552

Lol at anybody thinking Trump knows anything about cryptocurency(outside of maybe one of his advisors telling him it might be a quick way to make a buck).

Guy is a 70 old technophobe (outside of twitter).

Dont want him anywhere near bitcoin.
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February 28, 2017, 06:01:36 AM
 #553

I doubt TRUMP really gives a 2 bit about Bitcoin. If he can make a buck out of it, I am sure his close Advisors will get him a fat chunk for his vault, but I doubt he will regulate it..It is up to individual states how they take bitcoin, not the main central / federal Government, in the U.S anyway.


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March 03, 2017, 08:01:06 PM
 #554

Had a good read  Cheesy

"Bitcoin Under Trump, Including a State’s Rights Battle"

Silence surrounds the probable impact of Trump on Bitcoin because there’s a dearth of facts. Some indications hint at a favorable impact however, even as they pose threats to freedom and prosperity. Indeed, sometimes its because of the threat that bitcoin could surge forward as a safe haven and the solution to the problems government creates. Here’s a sampling of what users can expect: two unintended consequences and two slug-matches brewing.

https://news.bitcoin.com/bitcoin-under-trump-including-a-states-rights-battle/
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March 03, 2017, 08:48:02 PM
 #555

I highly doubt he even knows what Bitcoin is and even if he did I doubt even more that he's going to regulate it, he probably wouldn't even have the time to with all the scandals racking his administration right now. I doubt his presidency will affect the Bitcoin price either unless he somehow manages to destabilise the global economy or crash the US dollar.

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March 03, 2017, 10:42:07 PM
 #556

So far it seems to be going up we can only hope that it will continue to rise I sure hope it does cause I'm loving it when it is doing good Smiley always like to see it doing good.
I am pretty agree with you. I don’t think he has any issue with cryprocurrencies and also any other president of any country has any issue with him. I think he is also a business man and he knows the importance of cryptocurrency. I think in his time period the bitcoin is keeps on progressing like this and I hope its price keeps on increasing like this day by day.
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March 04, 2017, 12:29:55 AM
 #557

He is a lot of bad ideas so it would mean he will influence the Bitcoin ETF to yes.

Which honestly is something we don't need. Bitcoin has problems. Core vs Unlimited. Let's salvage that first and then look to more ppl stepping in.
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March 04, 2017, 12:50:21 AM
 #558

He is a lot of bad ideas so it would mean he will influence the Bitcoin ETF to yes.

Which honestly is something we don't need. Bitcoin has problems. Core vs Unlimited. Let's salvage that first and then look to more ppl stepping in.
which I know is when he was elected as president of  america, world economic and market conditions became uncertain that the price of the currency USD down. so bitcoin price up because some of fiat prices down. but during this time he was still a positive impact on bitcoin though by any means.


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zeze18
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March 04, 2017, 01:22:48 AM
 #559

I think now president trump could not do much for economic growth in the country he led, as well as bitcoin no significant changes today
tyz (OP)
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March 04, 2017, 08:23:26 PM
 #560

I think now president trump could not do much for economic growth in the country he led, as well as bitcoin no significant changes today

You don't but the stock exchange does.
Since the election of Trump the Dow Jones climed by 15%. Other stock exchanges around the world have climed, too.
Time will tell if you or the stock markets had the right nose  Wink
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