Is Trump official meme coin a threat to Bitcoin ?

[krishnaverma]

It is growing very fast. Is it a threat to Bitcoin or can we see it a good initiative that will lead to growth in price of all good coins including Bitcoin also ?

[Charles-Tim]

It is just a meme coin that will pump massively. Do not be surprised if the coin later dumped or not pumping as it should be. Bitcoin is forever but Trump will become the United States president but later become just a normal person after 4 years. Do not compare both coins, because they are not compatible. Bitcoin is far better. Even far better is still an understatement to how better bitcoin is more than the coin.

[coin-investor]

It is growing very fast. Is it a threat to Bitcoin or can we see it a good initiative that will lead to growth in price of all good coins including Bitcoin also ?

We have seen this a hundred times before: a coin or token getting pumped, then people are shilling it more by posting that this is the Bitcoin killer, but they all end up the same way, gone like a bubble. Trump memes are big news today, but tomorrow we will have another new meme making headlines, so my advice is to get used to it; don't worry, many memes were created for pump and dump.
Bitcoin is still good; all threats are dead or over.

[Adbitco]

It is growing very fast. Is it a threat to Bitcoin or can we see it a good initiative that will lead to growth in price of all good coins including Bitcoin also ?

How? I don't understand when people takes altcoin to be a threat to bitcoin and besides I didn't see any reason for this memecoin to be an issues to bitcoin. As we know bitcoin is a stand alone entity that doesn't attached itself to any other chains unlike other memecoin that is built and configured through other smart contract, that uses other native token to fuel it's movement such as withdrawal fees. This is applicable to BNB, SOL or ETH, I don't think it also has anything to do with bitcoin neither does bitcoin has anything to do with this coin as we know memecoin always move with hype.

[asriloni]

Trump's official token is not a threat to the bitcoin. In fact, Trump goes up, and bitcoin is still doing sideways. How can you generalize Trump is threatening bitcoin? However, Trump is threatening the whole of meme tokens.

All of volumes from many meme tokens were drained, and shifted into the Trump tokens. I think the Trump token is threatening the existence of shit scam meme token. 

As for whether Trump token will lead the growth, it's definitely no. Trump token is just another PnD token, which officially released by Trump, and i've heard Gateio and Binance insiders are backing it.

[Churchillvv]

Over the years ETH has not become a threat to bitcoin, is it  a shitcoin (pump and dump) that would pose a threat to bitcoin.

Y'all should wake up from all this bullshit.

[Stalker22]

~

I wouldnt dismiss all meme coins so fast.  Sure, they started as a joke, but some have developed real communities and utilities now.  Dogecoin has been around a long time with a dedicated fanbase and  and Shiba Inu is still new but gaining traction.  Sure, some of them dont have its own blockchain like Bitcoin or Ethereum.  They exist as just a token on other networks.  And their supply is essentially infinite unlike Bitcoin's fixed cap.  But that hasnt prevented them from gaining a loyal following and having big spikes in value from time to time. 

But to say that some shitcoin can replace Bitcoin is just stupid and naive. How can any meme coin be a threat to the king of all cryptocurrencies?

[Odusko]

It is growing very fast. Is it a threat to Bitcoin or can we see it a good initiative that will lead to growth in price of all good coins including Bitcoin also ?

Don't be confused to say that any altcoin Can replace Bitcoin, no coin can be a threat to Bitcoin but rather there can be alternatives, so Trump coin can only serve as an alternative investment choice to Bitcoin, and since Trump coin falls under the category of memecoins, it can easily get pumped and also with high volatilities, as you can see right now, there is already a massive correction in the price of the coin, and it reached $31 per coin before dipping to around $27-$28 per coin at the moment, so that shows a lot on what to expect as time goes on the coin may either pump higher or dump, but risk an amount you can afford to lose.

[Josefjix]

It is growing very fast. Is it a threat to Bitcoin or can we see it a good initiative that will lead to growth in price of all good coins including Bitcoin also ?

How old is TRUMP compare to Bitcoin? Give it time and see the outcome later, time tells if a coin is promising or not. We have seen several celebrity meme coin like MUSK, ELON, and the rest, where are they today, they all gone because they are truly built for short term benefits for the team behind them.

Never compare TRUMP as well as any altcoin to Bitcoin again, Bitcoin is sole chain, others are multiple chains

[Russlenat]

If you believe Trump controls the world, then maybe, but in reality, Trump is just a president, and his position isn’t permanent. Meanwhile, the Bitcoin network is supported by a wide range of investors, making it nearly impossible for it to collapse and suddenly shift to a meme coin named after someone who doesn’t even fully understand what crypto is.

[ajiz138]

This is not a threat to Bitcoin as Trump memes will never catch up with it, it might just be a spillover to other altcoins as for the first time President Donald Trump created a memecoin ahead of his inauguration, so it is only natural that this token goes up many times over.
But never FOMO because the price is already high, if you have invested in bitcoin then focus on it because if you switch attention to TRUMP memes you yourself will lose when the price falls.

[Vestigial Appendage]

The "drain" away from other projects is expected when something this big comes along. I respectfully claim Trump token is clearly strengthening the future for many meme tokens. Millions of people who never heard of them before are discovering the concept for the first time today!

Trump's official token is not a threat to the bitcoin. In fact, Trump goes up, and bitcoin is still doing sideways. How can you generalize Trump is threatening bitcoin? However, Trump is threatening the whole of meme tokens.

All of volumes from many meme tokens were drained, and shifted into the Trump tokens. I think the Trump token is threatening the existence of shit scam meme token. 

As for whether Trump token will lead the growth, it's definitely no. Trump token is just another PnD token, which officially released by Trump, and i've heard Gateio and Binance insiders are backing it.

[FinneysTrueVision]

Most altcoins went down massively, while Bitcoin only has dropped less than 1% in the past 24 hours. It is not a threat to Bitcoin because it is mostly attracting degenerate gamblers and stupid people who FOMO into whatever has the most hype right now. The only negative thing about it is that people associate Bitcoin with all these other scams that are out there simply because they happen to also be cryptocurrencies. If people already had a bad opinion about Bitcoin and cryptocurrency in general, this will just reinforce their beliefs.

If the next several years Trump is just doing one rugpull after another, then that could definitely end up having a harmful impact on Bitcoin because the restrictions will only end up getting worse when Trump is gone.

[Miles2006]

It’s never a threat, the correction I will love to point out is the last paragraph, if all coins should pump now doesn’t mean they’re in same category with bitcoin and bitcoin price determines altcoin growth not the other way round. I thought we’ve treated this issue and it’s nothing new if this project will get dumb definitely that’s not the plan Trump has but, there’s nothing special trying to compare bitcoin or create a coin against bitcoin although that’s the aim Trump has rather people are just trying to create a narrative.

[Patikno]

It is growing very fast. Is it a threat to Bitcoin or can we see it a good initiative that will lead to growth in price of all good coins including Bitcoin also ?

There is no coin or token, let alone a meme token, that can be a threat to Bitcoin. Bitcoin will remain number one against all the coins or tokens that exist. A Meme token basically has no utility that is as useful as Bitcoin, so we can conclude that it cannot be a threat. OP should realize that meme coins have hype, maybe right now Trump's official meme coin is experiencing peak hype, but you should know that every hype will have a dim period, especially if something makes the hype run out, for example the end of Trump's term as president.

[zeuner]

Bitcoin managed to grow constantly without a cult of personality...

[TastyChillySauce00]

a token without blockchain will never be a threat, moreover it's meme coin, so I would worry less about it taking over the bitcoin position, moreover there's big holding of 80% so the holder is too centralized.
as of now I think it rises so fast due to FOMO, i've witnessed it rising thousand percent within few hours which is pretty astonishing but then again it's meme coin so that's to be expected.
maybe right now the meme itself is in price discovery and we will see its real price in the future, be sure not to get fomo'd when you're already late though.

[mich]

Well no I do not think there is any type of memecoin that is going to be a threat to Bitcoin. I think if there is going to be a threat it would be a coin like Ethereum or XRP but not just a meme coin.
The meme coins are just for trying to just have fun I think. We can make alot of money in a fast time but I do not know if in long term it is a good investment. But I do not think there is a meme coin that got such big gains like this.

[CryptoBullFLA]

When he rug pulls, it's going to crash the Bitcoin price. It won't hurt it long, except for added bad press/being associated with a failed, criminal President.

People hoping that he'd be good for Bitcoin, and not just run scams for himself, are suckers.

[Marvell1]

Most altcoins went down massively, while Bitcoin only has dropped less than 1% in the past 24 hours. It is not a threat to Bitcoin because it is mostly attracting degenerate gamblers and stupid people who FOMO into whatever has the most hype right now. The only negative thing about it is that people associate Bitcoin with all these other scams that are out there simply because they happen to also be cryptocurrencies. If people already had a bad opinion about Bitcoin and cryptocurrency in general, this will just reinforce their beliefs.

If the next several years Trump is just doing one rugpull after another, then that could definitely end up having a harmful impact on Bitcoin because the restrictions will only end up getting worse when Trump is gone.

Agree with you that it cannot threaten Bitcoin because that is not its purpose and it is not strong enough to do so. But where to invest is a personal choice and those who invested early in Trump are reaping significant if not huge returns. So I don't think they are stupid because stupid people never make money. Moreover, everyone's investment preferences are different and we cannot curse them just because they do not think the same way as us. Our criticizing them only shows that we are jealous of them, nothing more.

Instead of blaming the scams in the crypto market, let us find ways to control our greed because when we are not greedy and take time to learn, we will never get scammed.

Cryptocurrency is a speculative market and Bitcoin has been sold off many times in the past, so even if Trump isn't the reason, there will still be plenty of other reasons that put us in a bear market.