Donald Trump sells Bitcoin

[Free Market Capitalist]

Come on, for those of you who hate Trump, here's a thread where you can vent to your heart's content. Let's go.

It is not that Trump has directly sold Bitcoin that he personally owns, but rather that a company controlled by him and his sons has done so.

Donald Trump’s WLFI Sells $5M Bitcoin, Vitalik Buterin Sells $7M Ethereum — Why Are Bulls Not Buying?

Let us recall what he said in the past.

Trump says "never sell your Bitcoin" #hodl

Let's remember that Eric Trump is friends with Michael Saylor, another guy who's widely known for spreading the same message although a few months ago he also changed his stance on this.

In the end, it's clear that you can believe at most half of what a politician says, and the same goes for someone who is trying to sell you something.

[OmegaStarScream]

From my understanding of things, World liberty finance is not following the same footsteps as Strategy, NAKAMOTO, MetaPlanet, etc. Those funds were raised on WLFI token sale (among other cryptocurrencies). I understand your point but in my opinion, this would've be more worrying if it was done to Trump's other company, AmericanBTC[1][2]

[1] https://www.abtc.com/
[2] https://bitcointreasuries.net/public-companies/american-bitcoin-corp

[Free Market Capitalist]

From my understanding of things, World liberty finance is not following the same footsteps as Strategy, NAKAMOTO, MetaPlanet, etc.

So?

I understand your point but...

My point is he said "you never sell your Bitcoin", not "you never sell your Bitcoin if you own a Bitcoin Treasury Company but you can sell it otherwise".

[shield132]

My point is he said "you never sell your Bitcoin", not "you never sell your Bitcoin if you own a Bitcoin Treasury Company but you can sell it otherwise".

Trump said that America will follow the rule that every Bitcoin [enthusiast] knows very well: never sell your Bitcoins. At the same time, he also said that he doesn't know whether it's right or not. I can't blame in this case for selling Bitcoins, he has never said he is gonna HODL forever. The guy doesn't even know how to pay with Bitcoin, why would someone expect anything said by him about Bitcoin is really said by him and not written by someone else?

[Taskford]

My point is he said "you never sell your Bitcoin", not "you never sell your Bitcoin if you own a Bitcoin Treasury Company but you can sell it otherwise".

Trump said that America will follow the rule that every Bitcoin [enthusiast] knows very well: never sell your Bitcoins. At the same time, he also said that he doesn't know whether it's right or not. I can't blame in this case for selling Bitcoins, he has never said he is gonna HODL forever. The guy doesn't even know how to pay with Bitcoin, why would someone expect anything said by him about Bitcoin is really said by him and not written by someone else?

Trump statements always look like political optics than being committed on Bitcoin. His statement about never sell their Bitcoin while saying he don't know if this is right or wrongs somehow shows that he don't have idea on what he says. Also he's just promising but don't have plans to make it happen.

That HODL thing is built culture by Bitcoin community, not those politicians like Trump which didn't even know how to spend it. That's the reason I really don't believe what Trump says since I think he's just hyping Bitcoin because its so helpful in his political career.

[pooya87]

for those of you who hate Trump

I think everyone hates convicted felons and pedophiles...

It is not that Trump has directly sold Bitcoin that he personally owns

I don't know what the story is here but I know this much that the super rich (the 1%) don't "invest" in things like bitcoin. They use them to make more money. For example back when some people were excited just because the pervert had mentioned bitcoin in his campaign to get their votes, it was clear that he wants to run some scam. Shortly after we saw how they created a shittoken and sold it to the most gullible to make millions.

All of them are like this, like that old guy the "rat poison" guy whom I've forgotten the name of. He shittalks about bitcoin a lot and meanwhile he has investments in some companies that are related to crypto. Same with the scammers in JPMorgan like their corrupt CEO who called bitcoin "fraud".
Whenever they say anything about bitcoin, whether it is positive or negative, they are doing it to indirectly fill their own pockets.

That's why I say people should seriously stop paying attention to what these "celebrities" say or do. None of it changes anything about Bitcoin.

[sleepfirefly]

i expected a lot of those who came out last year and the previous one in support of bitcoin will be tested by the market dipping and we are already seeing them do the opposite of what they said so always be careful of which people you are listening to

they are all running businesses after all

[Alpha Marine]

I don't know what the story is here but I know this much that the super rich (the 1%) don't "invest" in things like bitcoin. They use them to make more money. For example back when some people were excited just because the pervert had mentioned bitcoin in his campaign to get their votes, it was clear that he wants to run some scam. Shortly after we saw how they created a shittoken and sold it to the most gullible to make millions.

Trump has shown time and again the kind of person he is, yet somehow, at every turn, people just make excuses for him. He is not one of those politician that acts like wolves in sheep's clothing, or hides his intention, he is not capable of that, but people still fall for it.
I mean, the tweets he made about Bitcoin in his first term are still up, yet people felt that because he said positive tings are about Bitcoin and crypto, he has changed or something.

From the begining it was obvious it was a calculated move, and it worked so well. We even saw how he and his family used it to enrich themselves. These are not things that are difficult to see because its easy to know the kind of person he is. I honesty do not understand how so mnay people dont see it.

[Darker45]

We should never trust a politician. And perhaps a businessman, too? The former is only after your votes, the latter your money. Donald Trump is both a politician and a businessman. That's double the trouble. That makes him less trustworthy? When his mouth opens, the real goal is to create a better image of himself and to grow his wealth.

So, what's surprising? In the first place, is he even a true fan of Bitcoin?

[Slow death]

Let us recall what he said in the past.

Trump says "never sell your Bitcoin" #hodl

I won't hide the fact that I support right-wing policies; I'm in favor of people's freedom. But honestly, there are many things Trump does that I don't agree with. He's gone too far and seems to see people as brainless objects. One day he says one thing, and the next day he does something else.

He's not someone who keeps his word. I don't know if he's making America great again in the eyes of Americans, but to me, he's making America small and could cause his party to lose popularity when he leaves the presidency. I believe the cryptocurrency market has already realized that he won't do much good for that market.

[Aanuoluwatofunmi]

The first advisor we give on this is that we should not be politically motivated to invest in Bitcoin or to sell it at any point of the market performance, there's a way they get more information about the possible Fall of the market or rise and if we are not careful they may be used as an instrumentation to was any of these at our own cost, therefore always do your own research and also afford to hold even at the fall of the market because after this fall, there will always be a time for a bullish performance and until we made a decision to hold you may not be in profit after all this.

[snowpega]

From my understanding of things, World liberty finance is not following the same footsteps as Strategy, NAKAMOTO, MetaPlanet, etc. Those funds were raised on WLFI token sale (among other cryptocurrencies). I understand your point but in my opinion, this would've be more worrying if it was done to Trump's other company, AmericanBTC[1][2]
...

Mate, I also invested in that token when it was newly launcehd it pumped, but not much as it should pumped. After some hours of this project launching, the project started to crash its value, and many were in loss, as I also was. And as far as I remember, Trump's son was also a part of this project team, but after he was also eliminated from the team. CMIIW! And after that i got no update on this project as I lost my interest in that project.

Other than this, if I have to share my personal point of view on this, then I would say that since the organizational investment enters the bitcoin market, the bitcoin market started to behave as a more volatile asset, andthe  reason can be the game of manipulation. And the money is being suck out of the bitcoin market slowly slowly in such a way many are unable to realise it and many small investors are being fall pray to this game and losing money. What do you think about it?

[ZAINmalik75]

Let's remember that Eric Trump is friends with Michael Saylor, another guy who's widely known for spreading the same message although a few months ago he also changed his stance on this.

In the end, it's clear that you can believe at most half of what a politician says, and the same goes for someone who is trying to sell you something.

Did I buy bitcoin or showed ineterst in bitcoin because Trump, Saylor, or WLFI or Vitalik showed interest in bitcoin? No, I bought because I showed interest and that was because of other like me. We all might not have the same amount of money to invest and support but we are still doing it, being part of it.

Honestly I really don't care what Trump has done, or what Saylor has just said, not even did it yet. Speaking of Vitalik, he sold because he wanted to donate that money for the development of the ETH ecosystem. He has allocated more than 40 million of ETH for this.
Everyone is selling but someone is buying too. If someone was buying at $62k and now at $70k, that means sentiments are changing and movement is too.

[intrader]

Instead of focusing on short-term opinions about Bitcoin’s future, it is more useful to look at the long-term impact of halving events. Each halving reduces the supply of new coins and has historically shaped market cycles by increasing scarcity over time.
A more important question is how Bitcoin will function decades from now when block rewards become very small and miners rely mainly on transaction fees for revenue. This will determine whether the network can remain secure and decentralized in the long run.
Understanding these fundamentals is more meaningful than reacting to comments from political or financial figures about bitcoin's future.

[JimaGod]

Come on, for those of you who hate Trump, here's a thread where you can vent to your heart's content. Let's go.

It is not that Trump has directly sold Bitcoin that he personally owns, but rather that a company controlled by him and his sons has done so.

Donald Trump’s WLFI Sells $5M Bitcoin, Vitalik Buterin Sells $7M Ethereum — Why Are Bulls Not Buying?

Let us recall what he said in the past.

Trump says "never sell your Bitcoin" #hodl

Let's remember that Eric Trump is friends with Michael Saylor, another guy who's widely known for spreading the same message although a few months ago he also changed his stance on this.

In the end, it's clear that you can believe at most half of what a politician says, and the same goes for someone who is trying to sell you something.

Donald Trump is not any random person but one of the toughest investors in the market. This kind of people are very powerful and anything they touch or do, it automatically become a trend and popular. Do you think Donald Trump would invest in a dump project? Ofcourse not because he has advisers and researchers crucially doing their job and ensuring they're having one of the very best time to spot out good and solid results for their superior.

Donald Trump is busy and it might even be more surprising if he doesn't have a clue about how the market operates. He just sits on the top and get advises from different phase. He's uptight and follow the major path to Greatness. Does Trump seem to be someone that likes to be stress? Absolutely not because he's simple and exert actions.

[Fiatless]

In the end, it's clear that you can believe at most half of what a politician says, and the same goes for someone who is trying to sell you something.

This thread has made me recall what Edward Snowden said in Bitcoin 2024 conference. He warned that politicians who claim to love Bitcoin do it for personal gains. He further said the following;

“Cast a vote, but don’t join a cult,” said Snowden. “They are not our tribe. They are not your personality. They have their own interests, their own values, their own things they’re chasing. Try to get what you need from them, but don’t give yourself to them, even if you have to vote for them.”

Businesses are profit-making ventures. A business owner will take any decision that would favour the establishment. So when they change company policies to suit current realities, don't blame them because their goal is profit.   

[Silverstonez]

Trump is a politician so what do you expect? And it seems that you guys failed to understand that every word that comes out of Trump's mouth is political. Trump always come on Air to say things just to persuade, influence and Sound impressive and nothing more that. And I think it's high time you guys stop taking Trump's words serious. Trump was among those preaching to people to hold their Bitcoin for long, but today he sold his Bitcoin warth I good sum of money.

[WaySummit]

When he took office, he was led to believe it would be good for cryptocurrencies, but he turned out to be completely wrong. 

[Renampun]

I don't know what the story is here but I know this much that the super rich (the 1%) don't "invest" in things like bitcoin. They use them to make more money. For example back when some people were excited just because the pervert had mentioned bitcoin in his campaign to get their votes, it was clear that he wants to run some scam. Shortly after we saw how they created a shittoken and sold it to the most gullible to make millions.
snip

Trump only used Bitcoin to boost his popularity among Bitcoin voters, don't forget that he once said that Bitcoin was a scam and it was a threat to the US Dollar, and that's why he said that, but after that he changed his views and instead started praising Bitcoin and altcoins in his campaigns, and he even started claiming that he wanted to make the US the global crypto capital when they themselves were so unsure about being able to buy bitcoin directly with their money. we understand that Bitcoin is only a "tool" for them, from the start they were not true supporters of Bitcoin, but politicians who took advantage of the trend for their personal gain.

[BlackHatCoiner]

My point is he said "you never sell your Bitcoin", not "you never sell your Bitcoin if you own a Bitcoin Treasury Company but you can sell it otherwise".

Yes. And...

• Trump is a politician. Politicians lie all the time.
• Trump is 79. He doesn't even know what bitcoin is. He just says what he's told to say.

These guys are in the Epstein list. Being truthful to their ideologies, if they have any, is not top priority right now.