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Thread: Trump/Bitcoin tweet storm

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    Unobtanium PatColo's Avatar
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    Trump/Bitcoin tweet storm

    https://twitter.com/realDonaldTrump/status/1149472282584072192



    Donald J. Trump‏Verified account @realDonaldTrump
    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....
    5:15 PM - 11 Jul 2019
    7,290 replies 6,859 retweets 23,810 likes


    Donald J. Trump‏Verified account @realDonaldTrump
    2h2 hours ago
    ....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...


    Donald J. Trump‏Verified account @realDonaldTrump 2h2 hours ago
    ...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!
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    Moderator madfranks's Avatar
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    Re: Trump/Bitcoin tweet storm

    Trump can't stop bitcoin, he would be wise to not even try.
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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    Great Value Carrots StreetsOfGold's Avatar
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    Re: Trump/Bitcoin tweet storm

    Quote Originally Posted by madfranks View Post
    Trump can't stop bitcoin, he would be wise to not even try.
    My guess is that he was instructed to say this.
    His son-in-law, Jared Kushner is a vested partner in Robin Hood. (Trump knows this)
    An exchange based app. aimed at mostly YOUNG people (millennials) to buy stocks, currencies and CRYPTO, primarily a way to introduce the younger generation to cryptos by weaning them off of stocks
    Murder was the Catholic answer - Pope Francis

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    Dangerous Donald Neuro's Avatar
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    Re: Trump/Bitcoin tweet storm

    USD is dying, it won’t be around for that much longer... I think it might be in his job description, that he has to stand up for it against the competition. Though he did argue for it devaluating a week ago...

    However most of the negative remarks were directed towards facebooks Libra. Where he told them if they wanted to run a financial operation they should register as a bank and follow its regulations. Something I think makes it impossible for them to go through with their plans. Him not liking bitcoins and it’s volatility, is of no consequence...
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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    Dangerous Donald Neuro's Avatar
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    Re: Trump/Bitcoin tweet storm

    In terms of market reaction bitcoin was extremely stable and didn’t move much at all after Trumps statement, up a bit only.
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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    Iridium
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    Re: Trump/Bitcoin tweet storm

    Quote Originally Posted by madfranks View Post
    Trump can't stop bitcoin, he would be wise to not even try.
    Trump can't stop bitcoin, but he could 'beat' it. The way to beat it would be a gold backed USD. To be the first country to back it's currency by gold in this era, would be astounding.

    Trump is all cock and balls. It would not surprise me if he dropped this on the whole world. Russia is working on a gold backed crypto, as well.

    You could say, I'm quite bullish on gold in the near to long term.
    life is good.

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    Potmetal Cebu_4_2's Avatar
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    Re: Trump/Bitcoin tweet storm

    The main issue to me, although I wouldn't be able to now, Is the fact you can't travel out of this cuntry with more than $999.00 without declaring it. So you want to move to africa you can only arrive with $999. The rest goes through a bunch of shit if you ever get any at all. With the cryptos you can travel freely to wherever you want long as you can cash it out. I have no idea how to do that either which is why I am still on the sidelines.
    Jackie did it and you know it!

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    Iridium
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    Re: Trump/Bitcoin tweet storm

    Quote Originally Posted by Cebu_4_2 View Post
    The main issue to me, although I wouldn't be able to now, Is the fact you can't travel out of this cuntry with more than $999.00 without declaring it. So you want to move to africa you can only arrive with $999. The rest goes through a bunch of shit if you ever get any at all. With the cryptos you can travel freely to wherever you want long as you can cash it out. I have no idea how to do that either which is why I am still on the sidelines.
    That actually IS bitcoins design and function. A temporary exchange, a true currency. Now, it's a speculative investment. Is it going to go up or down?

    Bitcoin was designed for anonymous transactions. It's not a hold and hope for the future gamble. You sell a house, convert it to bitcoin, and convert it whatever currency of country you move too. That's what bitcoin is for. Now it's a huge joke and a massive bubble.
    life is good.

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    Unobtanium PatColo's Avatar
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    Re: Trump/Bitcoin tweet storm

    Quote Originally Posted by Neuro View Post
    In terms of market reaction bitcoin was extremely stable and didn’t move much at all after Trumps statement, up a bit only.

    yeah I was watching that - his tweets began 5:15 PM Pacific - 11 Jul 2019

    here's a 1 week BTC chart, with the mouse/vertical line placed @ 5 PM Pacific on 7/11, 15m before he tweeted

    https://imgur.com/w7sU8CC

    was as if nothing happened.


    edit: OTOH, considering BTC was popping > $13K on Tue/Wed, coulda been an inside trade scam where insiders knew what/when POTUS would tweet, & they rode the short side from $13K to those subsequent lows < $11.5K just over 24h later. IE the POTUS BTC tweet storm was already baked into the price when he tweeted them.
    FAKE "ELECTIONS" - Why Ron Paul Can't "Win"

    "If telling the truth marginalizes you, then that is the place to be. After all, if enough people are willing to be marginalized, then before you know it, society has developed a different center. This is the politics of truth." -- E. Martin Schotz

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    Dangerous Donald Neuro's Avatar
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    Re: Trump/Bitcoin tweet storm

    Quote Originally Posted by Hitch View Post
    Trump can't stop bitcoin, but he could 'beat' it. The way to beat it would be a gold backed USD. To be the first country to back it's currency by gold in this era, would be astounding.

    Trump is all cock and balls. It would not surprise me if he dropped this on the whole world. Russia is working on a gold backed crypto, as well.

    You could say, I'm quite bullish on gold in the near to long term.
    You can’t back USD with something you don’t have. The private federal reserve bank supposedly has around 8.400 tons of gold, but that hasn’t been audited for what 40 years? Some ten years ago Ron Paul seemed to demand an audit of the federal reserve bank, but it’s supposed gold holdings was off limit. Further even if the gold existed in Fort Knox as they say it does, you have almost $4Trillions in M1 money supply, so if you wanted to back that with the 237 million oz of the federal reserve, you’ld need to revalue gold to somewhere between $15-20,000/oz...
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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