Riqelme | Publish0x

Riqelme

Publish0x Member Since July 2019

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Riqelme

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Bitcoin and the fear of Trump !!!

14 Jul 2019 salahchiva

14 July 2019
Earlier this week, the inevitable finally happened: the President of the US, often considered the most powerful man in the world, declared publicly his strong opposition to cryptocurrencies. This naturally caused a large stir in the community, with pundits and fans around the world tripping over each other to opine, virtue signal, and generally just get in on the action. This was huge, with a formerly fringe technology getting the highest kind of attention possible. This could be very good, or very bad. What followed, however, wasn’t anything nearly as apocalyptic or amazing as one could have predicted. In the markets, nothing much really happened. No significant price hop or dump took place, leaving a muted reaction everywhere except Twitter, for the most part. Why was this? What can we learn from this statement of strong opposition and its aftermath?

Bitcoin sinking or booming ?

14 Jul 2019 salahchiva

14 July 2019
What fans likely envisioned when a sitting US President got around to slamming Bitcoin was an unstoppable digital cash revolution taking fire. Now, nearly every single person tweeting saucy quips at Trump is still hopelessly dependent on the fiat currency system, banks, and payment processors that such tough talk has lost a lot of its meaning. The price would have likely gone far up from this vindication of becoming a threat to the status quo if Bitcoin had still been useful for peer-to-peer electronic cash.

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