Bitcoin and $trump: Where will Trump priority be in the future.

[aoluain]

This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

No it is not. This does not affect BTC in anyway, neither does it affect the future of BTC. You were probably the one who thought the future of BTC was tied to Donald Trump or any centralized government.

I read that Trump owns 80% of this token, that only tells you what will happen later on.

Correct - Trump and his announcements are just another chapter in Bitcoins
story as has every other announcement negative or positive to date been on Bitcoin.

$trump on the other hand is different, different in every way to Bitcoin, decentralisation,
development, utility, adoption and security. $trump is gaining momentum now purely
because of speculation, soon will follow the "$trump dump"

Trump can swap his plans for Bitcoin with $trump but it wont solve the problem
for the US which Bitcoin could and on the other hand if $trump replaces Bitcoin,
Bitcoin will continue doing what its doing - I dont see a problem as per the OP

[Wiwo]

Bitcoin existed long before Trump became the United States president both the first term and second term of Trump presidency, regardless of the message and how Trump placed Bitcoin during his reelection campaign doesn't mean anything much because Bitcoin will continue to exist longer for Trump 4 year tenure; so it makes no sense trying to attach Bitcoin to Trump or any individual whereas it this individuals and government that tag along with bitcoin if not Bitcoin exist independently.

About the meme coins for Trump and his wife, well we can't say that the performance of that coin is a success yet, but still, we have to accept the fact that memecoins can't and will never compete or become a threat to Bitcoin both in the now and in the nearest future.

As for the Trump coin its success and future depend on an individual and the creator is known and owns about 80% of the coin, which should tell you the risk of having long-term expectations from such a coin and other memecoins.

[ColdAssIce]

This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

No it is not. This does not affect BTC in anyway, neither does it affect the future of BTC. You were probably the one who thought the future of BTC was tied to Donald Trump or any centralized government.

I read that Trump owns 80% of this token, that only tells you what will happen later on.

Trump as any other high level politician is used to accepting multi-million donations. He thinks it's a given. If you support Trump, buy his coin, just like you would donate to his election campaign. If you are trying to make quick profit, buy his coin, because you will have a lot of opportunities due to huge volume and high visibility.

Otherwise, stay away...

[Z-tight]

If you support Trump, buy his coin, just like you would donate to his election campaign. If you are trying to make quick profit, buy his coin, because you will have a lot of opportunities due to huge volume and high visibility.

Otherwise, stay away...

So you are saying anyone who supports Trump should risk their money and buy that shitcoin, the person can go a step further and buy his wife's meme coin too, to complete things.

I believe it is already late to make 'quick profit' from Donald Trump's shitcoin, if you buy it right now you are risking a lot, exactly how pump and dump coins work, and i am sure a lot of us understand how.

[Abiky]

So you are saying anyone who supports Trump should risk their money and buy that shitcoin, the person can go a step further and buy his wife's meme coin too, to complete things.

I believe it is already late to make 'quick profit' from Donald Trump's shitcoin, if you buy it right now you are risking a lot, exactly how pump and dump coins work, and i am sure a lot of us understand how.

All of these "meme" coins are based in pure luck. It's hard to turn a profit when everybody is already buying the coin in mass. I'm afraid the $TRUMP "meme" coin hype will end fast, as people move on to the next big thing. Regardless of what happens with this "shitcoin", Bitcoin will continue to run as usual. You can't compare "meme" coins with Bitcoin as they're completely different things. It's like comparing apples vs oranges.

Hopefully, the OP understands. It won't be long before $TRUMP and other "meme" coins fade into oblivion. Just make sure you're not one of the many people left holding the bag (bagholder) once this happens.

[PrivacyG]

All of these "meme" coins are based in pure luck. It's hard to turn a profit when everybody is already buying the coin in mass. I'm afraid the $TRUMP "meme" coin hype will end fast, as people move on to the next big thing.

Gambling.

Purchase the hype, hold on to it, hope it does not end before you are out, dump your hype onto others while you can and watch their lives burn away and get wrecked.  This is why I have little respect to most of these Shit Coins.  What people are doing is exactly this.  Buy, hope, dump, watch.  In my eyes, it looks almost like being the complice to a Crime.

Sure, one may argue that Bitcoin works the same way.  And all other Assets used as Investments.  Correct.  But if I dump my Bitcoin onto somebody else who thinks it is in fact the right time to buy, they will still be able to do something with Bitcoin besides selling it.  The TRUMP Token is useless.  It is just like a Scam.

[CryptoBuds]

If you support Trump, buy his coin, just like you would donate to his election campaign. If you are trying to make quick profit, buy his coin, because you will have a lot of opportunities due to huge volume and high visibility.

Otherwise, stay away...

So you are saying anyone who supports Trump should risk their money and buy that shitcoin, the person can go a step further and buy his wife's meme coin too, to complete things.

He created his own coin and used it as a tool to make profit, he had no intention of creating benefits and helping the crypto industry. So it is blinding to assume that just because we support him we will throw our money out the window by buying his coin.
I have no problem with anyone intending to buy TRUMP coin but buy and speculate with the purpose of making a profit for yourself, not buy stupidly and blindly just to support him.

I believe it is already late to make 'quick profit' from Donald Trump's shitcoin, if you buy it right now you are risking a lot, exactly how pump and dump coins work, and i am sure a lot of us understand how.

Regardless of the time, when we put money into a meme project, it means we are facing a risk and the decision is up to each individual.

[Z-tight]

This is why I have little respect to most of these Shit Coins.  What people are doing is exactly this.  Buy, hope, dump, watch.  In my eyes, it looks almost like being the complice to a Crime.

I do not like shitcoins and i don't even go near it, neither do i like those who create it to enrich themselves. However, i would not blame people who buy such coins, get out quickly and dump it on those coming behind. People should know the risks with shit meme coins like this before buying it, but most of them are simply blinded by greed, so they rush in and what they are left holding is dumped and useless coins, i believe they can have nobody to blame but themselves.

[Hamza2424]

On that pedestal I have been thinking, trying to process certain items in my head. Did  D. Trump used bitcoin as a means to achieve his political ambition with a preemptive plan to later use that influence to launch a token of his? A means to an end, who knows!

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

Hmm, We cant comment on anything for now, at least we need to give him a certain period of time to decide weather he was just using the Bitcoiners or this industry regulation to gain some marketing for his election or he wanted to promote his own pro-crypto profile to lunch his own coins, but as you there are many comments of mixed sentiments where many people found it crazy to lunch a meme coin and many thought that he just used the crypto market for his personal benefits and its unethical.

I don't stand on any side as I don't own any significant investment in TRUMP coin, for the Bitcoin weather it's a trump or anyone else they can manipulate for a short time but in the long run, the future of Bitcoin is quite in secure hands now (I don't mean any political safe hands what I meant is a community).

currently, we all are waiting in queue for the skyrocketing journey.

[Antotena]

On that pedestal I have been thinking, trying to process certain items in my head. Did  D. Trump used bitcoin as a means to achieve his political ambition with a preemptive plan to later use that influence to launch a token of his? A means to an end, who knows!

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

If he used Bitcoin to get his way to launch that meme coin, then I must say that he has got everyone on the next because I never in my life expected him to launch a meme coin to the point of posting it on his official handles but could it be he is making people to believe to what he said. He has never for once say a good thing about crypto in his first tenure in government house but now he is doing it boldly and doesn't care what who don't like it feels about it.

Bitcoin reserve, we have to wait and see what is going to happen later. We can't have reserve so fast. I know it's important and everyone want to see it happen but executive orders doesn't make things stand alone in the economy and there a limitation where executive order can reach in trying to push a bill, there must be some agreement with the legislative else this is going to end up as one upon a time dream.

[Franctoshi]

This is why I have little respect to most of these Shit Coins.  What people are doing is exactly this.  Buy, hope, dump, watch.  In my eyes, it looks almost like being the complice to a Crime.

I do not like shitcoins and i don't even go near it, neither do i like those who create it to enrich themselves. However, i would not blame people who buy such coins, get out quickly and dump it on those coming behind. People should know the risks with shit meme coins like this before buying it, but most of them are simply blinded by greed, so they rush in and what they are left holding is dumped and useless coins, i believe they can have nobody to blame but themselves.

The urge to catch up the short-term gains of this pumping memes is what that is enticing the buyers of these meme coins, whereas the coins lack real-world value. This pumps and dump on late buyers are not only meant to exploit the newbies investors but also it a tactical way to trap both experience investors who are driven by greed and FOMO. The problem is that most of these investors don't even do proper research to realize that these coins have unproven track records.

[Lembo69]

Bitcoin is a currency or money that cannot be easily changed! This Bitcoin exists in almost all countries, starting from the Western world! These will not easily change Trump! And even if he does, it seems that he will only do it in America! But since we have not received any confirmation or he has not said anything about it, we should not make predictions! But I believe he will give importance to this Bitcoin.

[ChiBitCTy]

Him releasing this Trump coins is an absolute joke.  I saw an interview with him a couple days ago where he essentially played dumb saying he had no idea where it was at and how much money his coins had gained over the course of a few from launch.  I mean the guy launches a completely worthless shitcoin , which is AFTER he announced the launch of an exchange which would be used for DeFi projects, all of which are virtually scams. 

I can see bitcoin just having been an "in" for all his crypto bs, and him turning from it and turning to nonsense like his token or Ripple etc.

[moneystery]

Gambling.

Purchase the hype, hold on to it, hope it does not end before you are out, dump your hype onto others while you can and watch their lives burn away and get wrecked.  This is why I have little respect to most of these Shit Coins.  What people are doing is exactly this.  Buy, hope, dump, watch.  In my eyes, it looks almost like being the complice to a Crime.
....

agree with what you said that people who buy memecoin are actually just gambling their money and see if they can get big profit from it. these people do not care how the token is developed, what is important to them is how they can profit and sell faster than others. seeing this it is clear that memecoin like $trump, $melania, and many other shitcoins are just gambling for the majority of its holders... this is not an investment like bitcoin.

[Furious 7]

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

Why take it so seriously that Trump can bring change to bitcoin? Indeed, the effect produced earlier when Trump was always active in providing different views in his pre-election promise about bitcoin made the market volatile but that does not mean Trump can control and make it seem as if bitcoin can be influenced by him because all will be the same where bitcoin cannot be intervened by anyone including Trump.

To be honest with this understanding where Trump is always considered as the bearer of bitcoin to the price of $100k is an exaggeration for me because after all even though it cannot be denied that Trump took a little part in this but his presence on bitcoin is actually not that influential so why think about Trump's words because in the end bitcoin will always be on its own path especially when talking about the future.

[Synchronice]

On that pedestal I have been thinking, trying to process certain items in my head. Did  D. Trump used bitcoin as a means to achieve his political ambition with a preemptive plan to later use that influence to launch a token of his? A means to an end, who knows!

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

Trump has no idea what Bitcoin is and he also has no idea how to set up Bitcoin wallet and pay with it. Did you see the video where others helped Trump to pay with crypto? Watch that video and you'll understand how he has no idea about it and how it's all the part of marketing plan. Trump is an ambitious businessman, he wants to make more money (some people are ill in a way that money is never enough for them even if they can't fully spend it). So, Trump's priority is to make his memecoin popular and make another billions of dollars from this project (it will also boost his ego).

[snipie]

I don't find meme coin a serious and sustainable business model, worse if it is politically motivated, have influence with everyday events or is hold majorly by a single party..
Bitcoin for example is very resistant when it comes to a large scale manipulation. At the opposite, in the other cryptocurrencies, after a big pump, comes a deep and persistent dump until the coin is almost forgotten.

[Franctoshi]

To now that he has launched the $trump token, where would his priority lies in the future. Bitcoin or his memecoin? This is something to think about the future of bitcoin and the trump effect, what does this make for the latest development.

Why take it so seriously that Trump can bring change to bitcoin? Indeed, the effect produced earlier when Trump was always active in providing different views in his pre-election promise about bitcoin made the market volatile but that does not mean Trump can control and make it seem as if bitcoin can be influenced by him because all will be the same where bitcoin cannot be intervened by anyone including Trump.

To be honest with this understanding where Trump is always considered as the bearer of bitcoin to the price of $100k is an exaggeration for me because after all even though it cannot be denied that Trump took a little part in this but his presence on bitcoin is actually not that influential so why think about Trump's words because in the end bitcoin will always be on its own path especially when talking about the future.

Why Trump seemed to be relevant in the crypto space lately is because of his campaign promises which he's likely going to bring in regulatory clarity in the crypto industry and also make US a crypto-friendly country with its Bitcoin strategic reserve, and therefore paving way for more institutional investors to come in, and with these policies he's going to enact will solidify investors confidence to invest. However, it doesn't mean that suddenly Bitcoin has become tied to Donald Trump and the United States to exit or surge in price, even though Trump failed to fulfill his campaign promises, Bitcoin would continue to exist with or without Trump.

[Huppercase]

Trump as any other high level politician is used to accepting multi-million donations. He thinks it's a given. If you support Trump, buy his coin, just like you would donate to his election campaign. If you are trying to make quick profit, buy his coin, because you will have a lot of opportunities due to huge volume and high visibility.

Otherwise, stay away...

This is misleading and I think from your statement, it's easier to say that you have some Trump coin. Why should I buy Trump coin because I want to support him? Support who has won election? Wtf? Why wouldn't I buy Bitcoin instead of buying his worthless coin printed out of air to enrich his family. He is holding 80% of the maximum supply, why would anyone hold such supply of it's not created to create wealth for himself. I should support a billionaire, this is still funny.

I rather buy Bitcoin if I have the money than waste everything on another person wealth that is already rich. Don't be surprised if most of his campaign groups or if not all had this meme coins distributed before the launch or to make it not suspected, they group them and send it to their respected groups wallet so they can hold and watch it grow together. I don't trust anything that comes out of that meme coin, it's either Bitcoin or Bitcoin, nothing after that.

[Fara Chan]

Bitcoin is a currency or money that cannot be easily changed! This Bitcoin exists in almost all countries, starting from the Western world! These will not easily change Trump! And even if he does, it seems that he will only do it in America! But since we have not received any confirmation or he has not said anything about it, we should not make predictions! But I believe he will give importance to this Bitcoin.

Trump's attention to Bitcoin was actually seen before he won the campaign and was inaugurated this month, but if we look at the way he pays attention to Bitcoin, it is indeed a little different but we don't need to worry about it in the future. Because we can also see the growth rate of users on Bitcoin over time until now even though we have not received any confirmation from Trump about it when he was inaugurated, but the effect on the crypto space will still be there and it will also have a good impact on Bitcoin in the future.