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Trump just took a massive dump on crypto
Posted on 7/11/19 at 8:09 pm
Posted on 7/11/19 at 8:09 pm
How will Bitcoin react?
ETA: Tweet might be a little blurry
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....
....Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National...
...and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!
This post was edited on 7/11/19 at 8:12 pm
4
Posted on 7/11/19 at 8:11 pm to TDFreak
Posted on 7/11/19 at 8:12 pm to castorinho
Yeah. Haha. I re-posted the text
Posted on 7/11/19 at 8:16 pm to TDFreak
They’re just scared of crypto because they know it’s the end of corrupt banking. If he’s smart he’ll be buying.
This post was edited on 7/11/19 at 8:18 pm
Posted on 7/11/19 at 8:22 pm to TDFreak
He's trying to get in on the dip
Posted on 7/11/19 at 9:29 pm to Kaybaby82
Reasoning on why crypto would be less corrupt than modern day banking?
Posted on 7/11/19 at 9:43 pm to Kaybaby82
quote:
They’re just scared of crypto because they know it’s the end of corrupt banking.
So bitcoin went from $19k dec '17 to $3k dec '18 because it wasn't corrupt? seems reasonable to me
Posted on 7/11/19 at 9:44 pm to Kaybaby82
Dollar STACKKKED
Libra frickKKKED
Libra frickKKKED
Posted on 7/12/19 at 7:12 am to TDFreak
quote:
It is by far the most dominant currency anywhere in the World, and it will always stay that way
probably not. I'm guessing a us backed crypto replaces the dollar at some point. far cheaper to make crypto than printing real money and then you can enforce taxes on cash only businesses
Posted on 7/12/19 at 7:26 am to Kaybaby82
quote:
They’re just scared of crypto because they know it’s the end of corrupt banking. If he’s smart he’ll be buying.
Crypto can only survive if a system is created such that crypto works in harmony with cold hard cash.
Disasters have already proven that electronic commerce is not a complete solution. It makes the public too vulnerable and helpless.
Posted on 7/12/19 at 7:40 am to notsince98
Trust me, it will survive. I’ve seen the future when I was on the brink of death in 2014. I didn’t understand it then but I do now.
This post was edited on 7/12/19 at 7:51 am
Posted on 7/12/19 at 7:44 am to Kaybaby82
This is actually bullish AF because so many people will want to prove Trump wrong. 
Posted on 7/12/19 at 7:50 am to Kaybaby82
quote:
Trust me, it will survive. I’ve seen the future when I was on the brink of death in 2014.
The tech most certainly will survive. It just has to work with cold hard cash and be value backed. It will get figured out but in the end, the world can run w/out crypto. It can't run w/out cash.
Posted on 7/12/19 at 8:12 am to notsince98
Agreed but it will coexist together.
Posted on 7/12/19 at 1:47 pm to TDFreak
Everything he said about bitcoin can be said about the US dollar.
This post was edited on 7/12/19 at 1:48 pm
Posted on 7/12/19 at 4:50 pm to Skeezer
quote:
Everything he said about bitcoin can be said about the US dollar.
Elaborate please.
Posted on 7/12/19 at 5:14 pm to TDFreak
First bump stocks and now crypto
Why is trump targeting us libertarians?
What’s next? Anime?
Why is trump targeting us libertarians?
What’s next? Anime?
This post was edited on 7/12/19 at 5:15 pm
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