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TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
3331 posts

Trump just took a massive dump on crypto

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 at 8:12 pm


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
58843 posts

re: Trump just took a massive dump on crypto


TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
3331 posts

re: Trump just took a massive dump on crypto
Yeah. Haha. I re-posted the text


Kaybaby82
Member since Jun 2019
121 posts

re: Trump just took a massive dump on crypto
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 at 8:18 pm


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
58843 posts

re: Trump just took a massive dump on crypto
He's trying to get in on the dip


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140
catfish 62
LSU Fan
Atlanta
Member since Mar 2010
3714 posts

re: Trump just took a massive dump on crypto
Reasoning on why crypto would be less corrupt than modern day banking?


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140
Hickok
LSU Fan
Htown
Member since Jan 2013
1491 posts
 Online 

re: Trump just took a massive dump on crypto
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


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40
TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
3331 posts

re: Trump just took a massive dump on crypto
Dollar STACKKKED

Libra frickKKKED


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50
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oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
27835 posts

re: Trump just took a massive dump on crypto
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


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40
notsince98
Missouri Fan
KC, MO
Member since Oct 2012
10232 posts

re: Trump just took a massive dump on crypto
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.


Kaybaby82
Member since Jun 2019
121 posts

re: Trump just took a massive dump on crypto
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 at 7:51 am


UnluckyTiger
Virginia Fan
Member since Sep 2003
26004 posts

re: Trump just took a massive dump on crypto
This is actually bullish AF because so many people will want to prove Trump wrong.


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32
notsince98
Missouri Fan
KC, MO
Member since Oct 2012
10232 posts

re: Trump just took a massive dump on crypto
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.


Kaybaby82
Member since Jun 2019
121 posts

re: Trump just took a massive dump on crypto
Agreed but it will coexist together.


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00
Skeezer
Member since Apr 2017
1287 posts

re: Trump just took a massive dump on crypto
Everything he said about bitcoin can be said about the US dollar.
This post was edited on 7/12 at 1:48 pm


rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
14221 posts

re: Trump just took a massive dump on crypto
quote:

Everything he said about bitcoin can be said about the US dollar.


Elaborate please.


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11
el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
40658 posts

re: Trump just took a massive dump on crypto
First bump stocks and now crypto


Why is trump targeting us libertarians?

What’s next? Anime?
This post was edited on 7/12 at 5:15 pm


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