Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
So much optimism, yet so much so disappointment. Donald trump's is starting to look like some kind of black sheep because of what or should I say the influence of what his meme coin is doing to the market. I guess the mass crowd of people opting that the whole support for Bitcoin during his campaign was just a mirage were actually right caused I mean with this little deed his done, it's definitely clear the fellow doesn't give a damn to the interest of Bitcoin in the united states.
Okay, I got a little un-lazy here for a second so I could do a I-told-you-so post here:
Trump to buy Bakkt, a crypto exchange
Article on future US president competing with Bitcoin & crypto
Trump will compete directly with Bitcoin
It's just a crazy state of the world, that's all. Bitcoin started off as a means of thwarting government control over transactions, and now it's a football in US politics that will live and die by whatever political winds are blowing here.
Yeah, sure, of course, there is a bit of a crazy state of the world, yet your conclusion that bitcoin lives/dies based on US politics is fucking retarded and not even close to being any kind of accurate assessment of some kind of a realistic scenario that might end up playing out, [...]
Always a sign I won the argument when I reduce the responder to spitting out a mindless hysterical rant laced with expletives
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You proclaim that you know bitcoin because you were purportedly able to predict some variation of Trump's nutjob short-term behaviors?
No, I predict Trump's behavior the same way anybody would predict anybody's behavior: by looking at their past behavior.
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Huh? If Trump bought a bunch of BTC, and then the price of BTC goes up, then why wouldn't that help him?
There's no evidence he did, but why on earth would he buy Bitcoin when he can make far more money simply making up his own coin for free and then using the power of the US presidency to pump his own coin at the expense of Bitcoin? Trump would never be able to buy very much of Bitcoin whereas he would own almost all of his own coin.
American First! And, unfortunately, Bitcoin is an evil woke "globalist" thing, whereas Trump's coin is "MADE IN THE USA"! I don't pretend to know what Trump is going to do, but this seems like the easiest possible way he could make himself the richest man in the world, e.g. by minting his own coin and tweaking the laws/regulations to make sure his replaces Bitcoin in terms of market share (he could do this merely by making a few statements, then leaning on the SEC/etc. to threaten new regs for Bitcoin [and not for Trump's coin]).
We're getting off the subject of El Salvador here, but there are a lot of parallels here in that in both cases it's the Bitcoin price level depending on the whims of political leaders supporting it's price.