So Trump just ditched the Bitcoin ETF idea. Kinda shows he’s backing off from Bitcoin, right? Just another bearish signal for crypto, tbh.
Trump's Move Away from Bitcoin ETF
20 replies 496 views
tony_4tl4sMember
Posts: 287 · Reputation: 84
#2Mar 16, 2017, 10:27 AM
Honestly, the whole crypto scene around Trump was never really about Bitcoin. More like a meme-fueled pump and dump fest. They just want to cash in on the hype.
I think for him, Bitcoin was just a tool to gain something. Not really into the tech or future of crypto at all.
Not so sure about that, man. Sure, he doesn't need an ETF. But his token prices are nose-diving. He's cashing in while investors are left holding the bag.
gas_bridgeMember
Posts: 90 · Reputation: 246
#5Mar 19, 2017, 06:33 PM
Trump's track record with Bitcoin? Not great. First, he hyped up the idea, then just bailed. Anyone who thought he’d deliver an ETF was kidding themselves.
Not convinced this is bad for Bitcoin overall. The chatter has shifted to politics instead of what really matters, the actual tech and fundamentals.
They didn’t really abandon Bitcoin, just pulled a non-essential ETF. Just changing strategies, no biggie.
diamond_minerFull Member
Posts: 140 · Reputation: 623
#8Mar 20, 2017, 06:11 AM
I feel kinda dumb for believing him at all. He just signed off on some symbolic crypto bill instead of a real Bitcoin reserve. What a letdown.
fox_rock3tMember
Posts: 105 · Reputation: 172
#9Mar 20, 2017, 08:33 AM
His family’s already made millions from the crypto scene. Maybe they’re pulling back since the hype is dying down.
Still stuck on the conspiracy that everything revolves around the US? Crypto's bigger than just that.
You can totally see that he was just using the crypto scene to boost his image. Now that it’s not as profitable, he’ll move on.
Politics can’t just hinge on one guy. If a president’s favor means so much to Bitcoin, we’ve got issues.
Yeah, people will stop relying on politicians for crypto direction. The market's got its own rhythms.
If Bitcoin dips, it won’t just affect alts. Traders know better than to follow some guy who only wants to push his own coin.
Exactly, Trump or no Trump, Bitcoin’s still gonna rise long term. His influence matters, but not everything.
roguesatoshiFull Member
Posts: 35 · Reputation: 558
#16Mar 27, 2017, 09:59 AM
Is this bad for Trump’s biz or Bitcoin? Experts say competition in the ETF market could've played a part.
Long-term, Trump’s sway is fading. His ‘Trump bump’ might've helped BTC before, but it’s not everything.
kevin_bridgeFull Member
Posts: 200 · Reputation: 677
#18Mar 27, 2017, 01:21 PM
He really didn’t care about Bitcoin when it mattered. It’s frustrating how some didn’t see that coming.
Public sentiment can’t be swayed easily. If Bitcoin’s value drops, it messes with his own interests.
AtomicRavenNewbie
Posts: 130 · Reputation: 29
#20Mar 29, 2017, 02:22 AM
Seems like a smart move dropping another ETF. Risky and unnecessary, especially with new regulations coming.
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