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Donald Trump calls Bitcoin 'a scam against the dollar'

Posted on 1/24/22 at 7:37 pm
Posted by Big_Sur
Member since Nov 2012
1120 posts
Posted on 1/24/22 at 7:37 pm
Donald Trump calls Bitcoin 'a scam against the dollar'

Smart man!

https://www.bbc.com/news/business-57392734


"Bitcoin, it just seems like a scam," Mr Trump said. "I don't like it because it's another currency competing against the dollar."

He added that he wanted the dollar to be "the currency of the world".
This post was edited on 1/24/22 at 7:38 pm
Posted by transcend
Austin, TX
Member since Aug 2013
4166 posts
Posted on 1/24/22 at 7:42 pm to
The dollar is a scam against the dollar
Posted by Bigdavewave
Member since Jul 2017
404 posts
Posted on 1/24/22 at 7:46 pm to
Agree....
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11809 posts
Posted on 1/24/22 at 7:54 pm to
quote:

"I don't like it because it's another currency competing against the dollar."

The only thing competing against the dollar are our corrupt politicians and central bankers ruining it themselves. Trump is a dumbass
Posted by Hester Carries
Member since Sep 2012
22429 posts
Posted on 1/24/22 at 8:04 pm to
He is wrong.

Also, frick the dollar
This post was edited on 1/24/22 at 8:05 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80779 posts
Posted on 1/24/22 at 8:12 pm to
You really posting a 7 month old article?
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 1/24/22 at 8:29 pm to
Why do you think Donald Trump has an opinion I should care about on this matter?

I don’t think Bitcoin is competing against the dollar in any meaningful sense so I’m not sure what to even say about his argument.
Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 1/24/22 at 9:28 pm to
quote:

Also, frick the dollar
we don't frick the dollar; the dollar fricks us
Posted by LatinTiger30
New Orleans
Member since Oct 2007
4428 posts
Posted on 1/24/22 at 9:31 pm to
The man is a dumbass. If he was smart he’d buy and hold.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/24/22 at 9:32 pm to
quote:

"Bitcoin, it just seems like a scam," Mr Trump said. "I don't like it because it's another currency competing against the dollar."


or you can like both?

i swear a little nuance in any discussion just fries peoples brains

"how dare you like both the dollar and bitcoin bro"

is there something wrong with you, wth
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73756 posts
Posted on 1/24/22 at 11:27 pm to
Dan Pena says Putin created it to destroy the dollar
Posted by ColoradoTiger1987
Tampa
Member since Jan 2019
1613 posts
Posted on 1/25/22 at 7:35 am to
quote:

Dan Pena says Putin created it to destroy the dollar



Posted by Jon Ham
Member since Jun 2011
28589 posts
Posted on 1/25/22 at 7:59 am to
Bitcoin is a role play gambling game.
Posted by Auburn1968
NYC
Member since Mar 2019
19516 posts
Posted on 1/25/22 at 11:48 am to
quote:

The man is a dumbass. If he was smart he’d buy and hold.


That didn't age well.

Trump is a real property guy.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/25/22 at 12:56 pm to
quote:

Bitcoin is a role play gambling game.


what does that make the dollar then? we have 20 trillion in circulation right now lmao

it has worse tokenomics than doge; its the ultimate shitcoin
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/25/22 at 2:46 pm to
quote:

. Trump is a dumbass


Wants it back to being backed by Gold
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57443 posts
Posted on 1/25/22 at 3:17 pm to
quote:

Donald Trump calls Bitcoin 'a scam against the dollar'

Smart man!

LINK


"Bitcoin, it just seems like a scam," Mr Trump said. "I don't like it because it's another currency competing against the dollar."

He added that he wanted the dollar to be "the currency of the world".

quote:

Donald Trump calls Bitcoin 'a scam against the dollar'

Smart man!

LINK


"Bitcoin, it just seems like a scam," Mr Trump said. "I don't like it because it's another currency competing against the dollar."

He added that he wanted the dollar to be "the currency of the world".

as he is buying crypto just like every other institutional investor.
Posted by DotBling
Member since Oct 2019
2932 posts
Posted on 1/25/22 at 4:43 pm to
quote:

Bitcoin is a role play gambling game


Explain please.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27070 posts
Posted on 1/25/22 at 6:50 pm to
quote:

"Bitcoin, it just seems like a scam," Mr Trump said. "I don't like it because it's another currency competing against the dollar."


I'm not in the least a fan of Bitcoin, but this is such a lame, lowest common denominator "patriot populist" take
Posted by Jon Ham
Member since Jun 2011
28589 posts
Posted on 1/25/22 at 9:18 pm to
quote:

what does that make the dollar then? we have 20 trillion in circulation right now lmao

it has worse tokenomics than doge; its the ultimate shitcoin


I don’t have to buy a dollar then hope someone else in the future is willing to buy my dollar for more than I paid in order for that dollar to provide me value. Dollars buy anything I ever want. Super efficient way to transact in goods and services. Yeah, it depreciates over time, that’s why you don’t hoard cash like bitcoiners like to hoard Bitcoin. You keep some cash for emergencies and invest the rest in equities, real estate, etc.

Simple as this: would you rather hoard digital tokens or own businesses and tangible assets like land?
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