Trump's statement against cryptocurrency

[abeecrypto]

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.

[muhhentuhhen]

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? 

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.

[Johnnywelsh]

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.

[Maslate]

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.

[torry28]

The effect of president Trump is notore than what we have seen so far in the last decline in the market value of Bitcoin and crypto currency market in general.

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)

[Broiler78]

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.

[patz22]

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.

[Tipstar]

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? 

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.

[adibi12]

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.

[Rooster101]

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.

[Delilonia1]

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? 

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

[setialovers]

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? 

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

[NEERAJ ANAND]

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.

[mirakal]

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.

[Ekyfitri]

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.

[VanDeinsberg12]

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? 

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

I think that he is saying all this because cryptocurrency can prevent him to realize his world plans. if people will be looking for a tool of investment, they will choose bitcoin or a dollar, and if everything will be fine with the BTC then they will definitely choose it. so the Trump will be upset.  But we don't care about him

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.

[bkbirge]

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

FTFY

[santiPOGI]

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.

[roosbit]

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?  

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.

[bitgolden]

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. 

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.