Trump's statement against cryptocurrency

[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

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

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

[monster2]

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.

[Malam90]

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? 

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.

[Blocktoq]

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/ 

[cheezcarls]

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? 

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.   

[Bitze]

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? 

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

[bittick]

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.

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.

[kennen1113]

Trump statement will not determine the future of cryotocurrency, he isn't believer of cryptocurrency doesn't mean he won't be convinced about the good side of crypto in the neatest foreseeable future, he made a good point about the volatility of crypto, thats its own nature we have to deal with it .

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

[MikeyVeez]

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. 

[cepot9]

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

[kevinzxz]

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? 

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.

[letyouearn]

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

[Huskerz1]

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

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

[bubislav]

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.

[bitkanu]

I don’t think any presidential act will happen against crypto because crypto has no bad effect on the economy of any country so they don’t have any reason to ban. Crypto currency is anonymous so I think even after banning people can store it and can sell online then but I don’t consider the news of crypto banning by US government reality.

Without latest tweets of the President Trump, the USA has already had strict rules and serious managements on crypto. The nation is one of the strictest nation on crypto management, from crypto exchanges, to fundraising (ICOs, IEOs). Unfortunately, with negative perspective of Trump on crypto, that nation might implement stricter managements.

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.

[wxxyrqa]

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.

[key4co.in]

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.

[blue_hurricanger]

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. 

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.

[Soberb]

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.

[nutriagrigia]

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