I’m Very Cautious Right Now. If You Hold Bitcoin Be Ready for Pullback | On-Chain Analysis | News

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  1. The odds that trump himself actually wrote that tweet are about the same as me shitting diamonds. It was way too articulate for him. He’s just a sleazy conman and his sheep supporters will never see that.
    This is a dude that stared into a solar eclipse and bankrupted a casino. I have no clue what anyone takes anything he says seriously.

  2. The USD dollar is backed by the fact that it is the currency of the largest economy in the world. It doesn't have wild price fluctuations because there's so much real stuff (land, goods, and services) that is bought and sold using it, i.e., it has very large market capitalization. I am a bitcoin hodler but we can't pretend that it is on par with USD

  3. Trump probably pushed to speak about BTC because of FB Libra, which would be more of a perceived threat as a "Digital currency" threat due to network effect capacity which threatens USD as a medium of exchange. The comments about BTC seem to be aimed at BTC as a perceived store of value ("thin air") and the ironic sense that the US Govt supports the notion of the USD and more specifically its Bonds and Treasuries as a "safe haven" asset. Won't delve into inflation of 70's and QE of 20teens so BTC and Gold are competitors (Gold as a non-deteriorating asset = trustless and BTC as sound math = trustless).

  4. Any chance you get you should take profit – hold for what? A 2 percent net sell off would push the price down by 80 percent.

  5. Even the powerful Augustus had to beg to his knees loans from powerful bankers as Balbo and more. Politicians always are in need of funds to get consensus. The bankers will not accept that other entities besides them will have their same privilege of creating currency from thin air so the politicians are in the weak position as they need desperately the funds from the bankers.
    Very sad to say don't expect any good from politicians

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