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Author Topic: Trump is a mistake for bitcoin?  (Read 992 times)
Cookdata
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April 02, 2025, 06:00:45 PM
 #81

What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.

The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.

I was expecting thread like this and here I found one. I had a thread compiling where Trump says alot of gibberish words on Bitcoin during his last tenure and some people agreed with me while some didn't because they were eager to see Bitcoin been pump by his influence which is not bad, everyone loves profit but it should come from a person that  can stand by truth and only truth, not always changing their ways when they have already made intentions clear to their people.

You wanted to Bitcoin reserve but you and your wife launch meme coins, like who does that? If he has launched Bitcoin reserve like he did says during his campaign, I'm sure that Bitcoin will be doing far better than the price it's doing now and if he launch that meme coins later, it would be trading far better than the price it's trading right now but he thought he is smart, all of their meme coins are now trash, low volume, low interest and lower high everyday.

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April 02, 2025, 06:07:21 PM
 #82

You wanted to Bitcoin reserve but you and your wife launch meme coins, like who does that?
This should really disappoint many people because after they launched the tokens, it is like other solana meme coins that are pumped and later got dumped. People that invested on the token later that did not sell on time lost huge amount of money.

If he has launched Bitcoin reserve like he did says during his campaign, I'm sure that Bitcoin will be doing far better than the price
But did you know that bitcoin is officially part of United States reserve? It is there but United States will not buy bitcoin but be using only sized assets for the reserve. Bitcoin community and the whole crypto community were disappointed.

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April 02, 2025, 06:08:36 PM
 #83

Several months ago, in November, when Trump won during president election, and his inauguration in January, Trump was every crypto enthusiast best friend, and everyone were happy that he won. Now everyone blame him Bitcoin and altcoins prices to go down. "Between love and hate there is only one little step". People expected endless growth because they have believed in politician promises, and now he that politician is to be blamed when their expectations did not fulfil. Do you think this is fair?
I had some suspicion on his promises, I knew politicians aren't to be trusted at all, yet he was the lesser of two evil when compared to Kamala. He really broke my heart when he made it known that the strategic reserve he was referring to making Bitcoin wouldn't be from fresh purchases, but from confiscated bitcoins, so the appreciation we're expecting from him may be only delusional.

Well, all fingers are crossed and watching him. Bitcoin currently made some progress in the market between yesterday and today and reached $87k. Bitcoin would still progress regardless of his sycophantic strategies. It did well when he was not in the picture, so even now it would still perform well irrespective of his actions.

 
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R


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April 02, 2025, 08:13:05 PM
 #84

If he has launched Bitcoin reserve like he did says during his campaign, I'm sure that Bitcoin will be doing far better than the price
But did you know that bitcoin is officially part of United States reserve? It is there but United States will not buy bitcoin but be using only sized assets for the reserve. Bitcoin community and the whole crypto community were disappointed.

I'm very much aware of that but what happened when that plan was revealed? Bitcoin started dumping because it was never the initial plan, that wasn't reveal to anyone, if at all he said that from beginning the hype wouldn't even reach here in the first place. The Bitcoin US is having will be used to Reserve than we will create a Bitcoin reserve and US will create a policy that will favour Bitcoin, he really thought he is smart isn't it, he played everyone.

Democrat were there and it's not like they were selling the Bitcoin, the balance was there unless for a time they sent out some to exchange and nothing never happened again, what's the difference between them and the previous administration when he was campaigning up and down that he is trying to stop this government from killing Bitcoin and from their government been seize and now he doesn't have plan to buy Bitcoin, coming! Tell me no and I we wouldn't bother about beating around the bush. Politicians will stain your white believe me.

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April 02, 2025, 08:44:17 PM
 #85

It was foolish of people to believe that Trump actually cared about Bitcoin. I knew from the beginning that he was only saying those things to sound pro-bitcoin and gain the votes of the crypto community in America. And it worked, Trump got their votes and he received funding for his campaign. Now that he is in power, we are seeing the left hand of the politician.
Yes, that's right, he even claims himself as the crypto president and many people are fooled by Trump's statement when in fact he is only using the crypto community to get votes. Because it is very clear if you ask is Trump pro crypto? The answer is of course no because Trump is definitely pro dollar, because with crypto, America's debt has a new market. Another example of why I can say that, he never mentioned crypto during his inauguration.

This proves that he only used the crypto community to boost campaign votes, now he won but he cares again. But I think there is a positive side too, at least he is no longer attacking crypto, meaning he is not anti crypto like Biden, so Trump's position is neutral towards crypto, that's all that matters. Again, if we think clearly, Bitcoin does not need Trump because even without him, Bitcoin will continue to grow and its price will increase in the long run.

R


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April 02, 2025, 09:32:11 PM
 #86

Bitcoin has been following United States stocks in trends like never before. During the election, Trump helped bitcoin to increase but the tariff he is imposing on other countries makes the United States stocks to suffer while bitcoin is part of the assets that was affected.

He started with China, then Canada and Mexico. Bitcoin price fall. He moved to European Union countries and the price continue to fall. The latest he imposed was on imported cars which was two days ago. The market did not react fast but later bitcoin fall again as you can see.

When Trump was elected, it was gold that suffered. It fall from I think $2900 to $2500. My price is not that accurate but the fall was significantly with the price I posted. Later gold start to increase again. It is not moved by the Trump's tarrif because and it continues to increase and hit ATH. Gold is now above $3050 as stocks and bitcoin suffers.

What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.

The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.
Trump's involvement in Bitcoin during his election was strictly for business, and as a politician he use what was significant to push himself to where he wanted to be. One of the mistakes we made was believing him and now he is using his influence to push his $Trump and  it's clear that his sudden interest in crypto was never genuine or for the love of cryptocurrency but it was only for his business and personal development.

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April 02, 2025, 09:59:45 PM
 #87

Indeed. Trump will not be useful for bitcoin in all aspects. That’s because we don’t need a greedy and selfish leader for bitcoin, what we need is a real and genuine when it comes to bitcoin. And Trump won’t be capable for it because his goal is only for his own success and wealth accumulation. Unfortunately, the crypto community isn’t part of it.

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April 02, 2025, 10:20:33 PM
 #88

Thinking any politician is the savior or the destroyer of Bitcoin is the real mistake. Bitcoin doesn't care. Bitcoin never cared. It wasn’t born to serve under Trump, Biden, or whatever face the empire puts on next. Bitcoin was engineered to outlast them all, obviously, and it will.

Macro waves, stock correlations, brain-off selling, ETF drama, tariffs, liquidity flows are all short-term. Sure, Bitcoin wobbles. It’s reactive. But people confuse Bitcoin’s short-term volatility with its long-term direction, and that’s where they lose the plot. It reacts to dollar liquidity, not to Trump’s tweets or tariffs alone. Tariffs are distraction to drain your attention. Monetary debasement is the signal.

Gold is same thing - temporarily bullied, structurally resilient. Bitcoin is walking that same hard path. The issue isn’t Trump, Biden, or Gensler. It’s the monetary system itself. Every four years people pray for a leader. They never question the system that makes them pray in the first place.

Bitcoin's real test isn’t “Trump tariffs”, but it is: will people even understand what money is? Will they finally see the scam? Or will they keep begging for politicians to fix what politicians broke?
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April 02, 2025, 11:37:57 PM
 #89

It seems that this time Trump is willing to sink the entire financial market. He has also made many decisions that in my opinion are disappointing. I am not an American citizen, so maybe I am wrong and Americans are happy with Trump's decisions. But I can conclude one thing: it seems to me that Trump is not as good for Bitcoin as people assumed he would be. It's funny that people said that if Kamala Harris won, it would be a disaster for the cryptocurrency market. But here we are: Trump and the price falling.

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April 03, 2025, 01:06:47 AM
 #90

This is just a phase and it is going to pass just as we have also encounter a different phase during the past regime of Jeo Biden. No matter what happens now, I already know that Bitcoin will definitely fall below $70, it's just that we are not yet fully in the bear season yet but regardless, Bitcoin has already give a lot of people a huge profit when price surged above $100k. For me, what ever Trump is doing now, as a Bitcoiner, it doesn't yet affect me in anyway. If I see that price is crashing today, what I can only do is to raise some money and buy more, keep buying as the crash continues, next thing is to hold till another bull season because irrespective of all these drama, but will definitely reach a new ATH in next bull market.

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April 03, 2025, 01:33:21 AM
 #91

It seems that this time Trump is willing to sink the entire financial market. He has also made many decisions that in my opinion are disappointing. I am not an American citizen, so maybe I am wrong and Americans are happy with Trump's decisions. But I can conclude one thing: it seems to me that Trump is not as good for Bitcoin as people assumed he would be. It's funny that people said that if Kamala Harris won, it would be a disaster for the cryptocurrency market. But here we are: Trump and the price falling.

If price is the only thing you care about, you are not wrong to be disappointed with what Trump is doing because the tariff war is having a negative impact globally, not just on bitcoin. Or if you have a business and export goods to the United States, you will find the situation is much worse.

But if you are interested in the big picture of the crypto industry. Under Trump, we have had strategic Bitcoin reserve. He has abolished some of the unreasonable regulations imposed by the previous administration on crypto and implemented many open policies to promote sustainable development for the crypto industry. If Harris is elected, there will be no trade war, but I can guarantee no crypto-friendly policies will be enacted. Trump has only been in office for 3 months and bitcoin price has not yet dropped below pre-election levels, it is still too early to conclude anything.

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April 03, 2025, 01:51:58 AM
 #92

Donald Trump assured us before he won the election that he would promote and work with Bitcoin and that he would play the biggest role in holding. Then after winning the election, you slowly started talking differently, but now everything is slowly becoming the opposite. As a result, they launched their own memecoin, we thought that Donald Trump would promote Bitcoin and the whole world would look at Bitcoin and start holding.
 Donald Trump is deceiving us, Donald Trump has created a whole design for his own interests which has now come to fruition.

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April 03, 2025, 02:22:07 AM
Last edit: April 03, 2025, 03:12:49 AM by nutildah
 #93

Certainly looks like the Trump Pump has all but been wiped out by this point. Whatever "good" he did for Bitcoin was undid by all the recent tariffs actions. Regardless, and as has been pointed out already, it doesn't really matter because the fundamentals of BTC remains the same. Also it doesn't matter because we'll never know how BTC would have performed thus far under a Kamala Harris leadership. We can't turn back time, so there's really no point in speculating what might have been.

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April 03, 2025, 03:07:55 AM
 #94

Donald Trump assured us before he won the election that he would promote and work with Bitcoin and that he would play the biggest role in holding. Then after winning the election, you slowly started talking differently, but now everything is slowly becoming the opposite. As a result, they launched their own memecoin, we thought that Donald Trump would promote Bitcoin and the whole world would look at Bitcoin and start holding.
 Donald Trump is deceiving us, Donald Trump has created a whole design for his own interests which has now come to fruition.

As I recall, Trump said that he would make the US the crypto center of the world, not sell any bitcoins that the US government is holding , and create a bitcoin reserve strategy. Or will end the suppression of the crypto industry as well as have clearer policies to strengthen this industry...He did not promise that he would push bitcoin to $1 million or $10 million in this cycle or during his tenure . So far he has kept his word and fulfilled most of his promises , I don't see him breaking his promises.
What I see is that the market does not stick to and follow Trump's promises, they set their own expectations and when things do not go as expected, they start looking for ways to blame.


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April 03, 2025, 03:14:01 AM
 #95

You wanted to Bitcoin reserve but you and your wife launch meme coins

That's what happens when you mix a politician with Elon Musk's influences/advice.

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April 03, 2025, 03:37:21 AM
 #96

Personally, Donald Trump is big mistake for bitcoin how many time his decision make market drop significant, recently US president Donald Trump announced 10 percent tariffs all import for several countries including my country Indonesia have to pay over 35% import taxes. Due his decision make market drop suddenly and bitcoin almost raise over $87k before new decision of US president announce and right now bitcoin get down under $84k.
Actually, this is not a decision to increase import tariffs made by the President of the United States, Donald Trump. Previously, he had taken a policy of increasing import tariffs on products from Canada, China and Mexico, which caused crypto prices to continue to decline. Since appointing as US president, Donald Trump make many decision bring negative impact for cryptocurrency market indeed his victory as US president give huge impact for bitcoin price get high increasing.

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April 03, 2025, 05:46:22 AM
 #97

Bitcoin has been following United States stocks in trends like never before. During the election, Trump helped bitcoin to increase but the tariff he is imposing on other countries makes the United States stocks to suffer while bitcoin is part of the assets that was affected.

He started with China, then Canada and Mexico. Bitcoin price fall. He moved to European Union countries and the price continue to fall. The latest he imposed was on imported cars which was two days ago. The market did not react fast but later bitcoin fall again as you can see.

When Trump was elected, it was gold that suffered. It fall from I think $2900 to $2500. My price is not that accurate but the fall was significantly with the price I posted. Later gold start to increase again. It is not moved by the Trump's tarrif because and it continues to increase and hit ATH. Gold is now above $3050 as stocks and bitcoin suffers.

What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.

The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.
It is strange that you have only now realized that Trump is a walking threat not only to the stock market, but also to the cryptocurrency market. From the first days of his presidency, the whole world was in shock. And this means that the storm will be very strong. A change in trend is inevitable. This is what we are seeing. We should definitely not expect anything positive. Large investors are hard to fool. They are well aware that they need to choose more reliable assets.

The weekly chart shows that the bearish trend is likely to continue. I do not see any signs of rate growth. With this red-haired grandfather, everything will only get worse than it is now.

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fikrett
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April 03, 2025, 07:24:17 AM
 #98

You wanted to Bitcoin reserve but you and your wife launch meme coins

That's what happens when you mix a politician with Elon Musk's influences/advice.

Rather that's what happens when you think of a man as an enthusiast, but he turns out to be a businessman through and through.

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April 03, 2025, 07:48:21 AM
 #99

Bitcoin has been growing since the beginning without government support, and Trump first used Bitcoin as a tool to attract voters during the election campaign, later realizing that he could use it, he began to manipulate the price with promises about the Bitcoin reserve. In fact, nothing bad happened, Bitcoin will look good, such corrections happen in the bull market every cycle, so I am still very optimistic and believe that Bitcoin will grow even without purchases in the Bitcoin reserve.

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Mahanton
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April 03, 2025, 08:25:51 AM
 #100

What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.

The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.

I was expecting thread like this and here I found one. I had a thread compiling where Trump says alot of gibberish words on Bitcoin during his last tenure and some people agreed with me while some didn't because they were eager to see Bitcoin been pump by his influence which is not bad, everyone loves profit but it should come from a person that  can stand by truth and only truth, not always changing their ways when they have already made intentions clear to their people.

You wanted to Bitcoin reserve but you and your wife launch meme coins, like who does that? If he has launched Bitcoin reserve like he did says during his campaign, I'm sure that Bitcoin will be doing far better than the price it's doing now and if he launch that meme coins later, it would be trading far better than the price it's trading right now but he thought he is smart, all of their meme coins are now trash, low volume, low interest and lower high everyday.
Totally not shocking for a human being to do so in regarding on what their positions on which decisions and views will really be that instantly changed up on where they would really be able to have that kind of advantage or getting up some sympathy or support of a certain community. Now that they've been successfully been able to get the position then they can do whatever whenever they do want and even launching up a meme coin on which there are tons of fools who do really believe that it could make them rich, but the truth is that they are the ones being get farmed and losing up all the way down on which seeing the current value of that meme coin then you can really say that it was truly devastative. It is really just that too sad that there are tons of people who had lost up that much. For Bitcoin sentiment then im not really that a fan on having those kind of positive words or whatever it is because everything will really be having that propaganda behind on which this is really that understandable and pretty obvious. This is why imt not really that believing that much on whatever those promises or approach towards Bitcoin or crypto as a whole, because everything will really be that basing up on possible advantage or benefits that they could get and this isnt new anymore. On the moment that whenever Bitcoin is involved with politics then i dont really that make myself that being too hopeful or whatever promises that they would really be saying because it will really be just that only good on promises but never ever trying out to give out such impact. Yes, there might be some but it would really be just that temporal.

R


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