Trump on crypto: 'I'm a big fan' of the US dollar, warns about loss of global financial status

AtomicPiss

https://finance.yahoo.com/news/trump-on-crypto-im-a-big-fan-of-the-dollar-warns-about-loss-of-status-in-global-finance-112730063.html

PurpleThrobber

Those who ignore history are bound to repeat it.

The US wasn't always the world's base currency. We wrestled that status away from the Euros when we got the leverage after WWI and the gold reserves of those countries were depleted by the banksters.

greenblood

Crypto is the future.

UW_Doog_Bot

He's right that it's a threat to the dollar. It's coming anyways.

greenblood

UW_Doog_Bot said:

He's right that it's a threat to the dollar. It's coming anyways.

It's a threat to all fiat currency.

AtomicPiss

I've been doing a deep dive into learning about Bitcoin and throwing all available dollars I have into buying it before it went back to $50k, which it did recently. I think it will be reaching into $300s and $400s within another 14 months.

UW_Doog_Bot

DerekJohnson said:

I've been doing a deep dive into learning about Bitcoin and throwing all available dollars I have into buying it before it went back to $50k, which it did recently. I think it will be reaching into $300s and $400s within another 14 months.

Probably not unless there's major other financial issues...which would probably cause bigger problems that you'd be worried about more immediately.

I could see it getting closer to the $100k mark though.

greenblood

DerekJohnson said:

I've been doing a deep dive into learning about Bitcoin and throwing all available dollars I have into buying it before it went back to $50k, which it did recently. I think it will be reaching into $300s and $400s within another 14 months.

Yeah, I should have put more into. I focused more in cardano, ETH, and solana

AtomicPiss

UW_Doog_Bot said:

DerekJohnson said:

I've been doing a deep dive into learning about Bitcoin and throwing all available dollars I have into buying it before it went back to $50k, which it did recently. I think it will be reaching into $300s and $400s within another 14 months.

Probably not unless there's major other financial issues...which would probably cause bigger problems that you'd be worried about more immediately.

I could see it getting closer to the $100k mark though.

I do think it will go to the moon, but even if it doesn't I feel comfortable knowing that it is immune to the effects of inflation

greenblood

DerekJohnson said:

UW_Doog_Bot said:

DerekJohnson said:

I've been doing a deep dive into learning about Bitcoin and throwing all available dollars I have into buying it before it went back to $50k, which it did recently. I think it will be reaching into $300s and $400s within another 14 months.

Probably not unless there's major other financial issues...which would probably cause bigger problems that you'd be worried about more immediately.

I could see it getting closer to the $100k mark though.

I do think it will go to the moon, but even if it doesn't I feel comfortable knowing that it is immune to the effects of inflation

That’s key!

I look at Bitcoin as the Apple of crypto. Consistent

I do like the growth opportunity in some of the alts though. Specifically cardano, But they carry much more risk

ntxduck

For the coinbase users, if you go to the rewards section there’s a bunch of shit coins you can take quizzes on for a free $3-5 in those coins. Convert them over for free to btc Ada etc. I did it yesterday, took about 20 minutes for a free $90

greenblood

ntxduck said:

For the coinbase users, if you go to the rewards section there’s a bunch of shit coins you can take quizzes on for a free $3-5 in those coins. Convert them over for free to btc Ada etc. I did it yesterday, took about 20 minutes for a free $90

Yes!! doing that as well!

Also, I suggest using coinbase pro to make the actual crypto purchases because it has lower fees. It will save you 1-2% per transaction.

Not a big deal if you are purchasing lump sums. But for someone like me that buys $100 here, $100 there. Each transaction adds up, especially since smaller buys have a higher fee percentage.