Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Since Trump took office, stocks are down and bitcoin has plunged. What’s going on?
As investors brace for uncertainty, they are likely moving away from stocks into safer assets like government bonds and dumping risky assets like cryptocurrencies: Bitcoin, which surged as high as $106,000 around Trump’s inauguration, is down about 16% in the past month, trading around $88,000 on Tuesday.
By John Towfighi, CNN
February 25, 2025
amp.cnn.com
All three major US stock indexes are in the red since President Donald Trump took office on January 20.
As investors brace for uncertainty, they are likely moving away from stocks into safer assets like government bonds and dumping risky assets like cryptocurrencies: Bitcoin, which surged as high as $106,000 around Trump’s inauguration, is down about 16% in the past month, trading around $88,000 on Tuesday.
By John Towfighi, CNN
February 25, 2025
Since Trump took office, stocks are down and bitcoin has plunged. What’s going on? | CNN Business
Investors entered the New Year cheerful about the prospects of a business- and crypto-friendly Trump administration. Yet two months into 2025, US stocks have lagged Europe and Chinese stocks, bitcoin is sliding and concerns about inflation are mounting.
All three major US stock indexes are in the red since President Donald Trump took office on January 20.
North Korea was responsible for $1.5 billion ByBit hack, FBI says
ByBit said on Friday an attacker gained control of an ether wallet and transferred the holdings to an unidentified address.
www.nbcnews.com
Copped some BTC when it was close to $80k. Gonna grab some more Solana as well. Started doing all my daily spending with my Cashapp card about a month ago once I realized they give you free BTC round ups. I’ve gotten about $150 in free BTC round ups since then. It’s crazy how you can game the system too. When I get my Starbucks which usually comes out to $4.78, I tip .23 cents to make it $5.01 get a .99 cents round up. The math usually works out better than the 1.5% cash back on my credit card. I generally spend less than $10 per transaction on the CashApp card.
I was randomly on Coinmarket and thought it was a glitch. So, I went to Coingecko and saw the price for ada bouncing between .70 and .85. Then I went on Twitter/X and saw the news. Still thought it was fake news until i starred seeing it from different sources.
Before that, I was debating starting to sell 20000 ada at /around the .65/.50 range. One of the few times procrastinating may actually work out.
Get your money before captain orange shit stain kills it.
They holding on because they came in too late and over paid. They are hoping it will rebound enough for them to at least break even.Who the fuck is still holding on that shit?
Made my couple hundo and move to the burbs on yall negroes!
Remember when the crypto bros told us Trump was the best bet for crypto?Since Trump took office, stocks are down and bitcoin has plunged. What’s going on?
As investors brace for uncertainty, they are likely moving away from stocks into safer assets like government bonds and dumping risky assets like cryptocurrencies: Bitcoin, which surged as high as $106,000 around Trump’s inauguration, is down about 16% in the past month, trading around $88,000 on Tuesday.
By John Towfighi, CNN
February 25, 2025
Since Trump took office, stocks are down and bitcoin has plunged. What’s going on? | CNN Business
Investors entered the New Year cheerful about the prospects of a business- and crypto-friendly Trump administration. Yet two months into 2025, US stocks have lagged Europe and Chinese stocks, bitcoin is sliding and concerns about inflation are mounting.
All three major US stock indexes are in the red since President Donald Trump took office on January 20.
I know right. I made the 20k sell. I still have plenty more, but I'm not really in a rush. I've held my Ada position since it was under .05.
With all the tariff shit. I was planning on slowly pulling enough out to last the next four years.
‘Crypto Prez’ Trump Gifts Industry With Move That Sparks Nearly $300B Rally
“I will make sure the U.S. is the Crypto Capital of the World,” President Donald Trump wrote in a social media post.
Donald Trump supporters lose $12,000,000,000 after his meme coin collapses
There are cryptocurrency concerns as President Donald Trump's $TRUMP meme coin has lost 80% of its value and cost investors over $12 billion in losses.
Question and advise for the fam. Should I see all my $DOGE and put it on Solana or Ethereum?
Are you looking for a quick lick or a long-term investment?
How will this get past Congress and the Senate?
I'm calling bullshit. To your point, exactly how would this work? The only way I even see this being announced ( never really happening) is if the idea was to allow crypto to crypto to be tax free. I wouldn't be mad to be wrong though.
Compared to 2017, people traded more because they thought you could treat crypto similar to houses with the 1031 exchange rule. Basically the thought was you'd be ok as long as you didn't sell into fiat.
if it turns out to be true, I hope people don't rush into crypto because of the tax benefits. The scams would increase and people will lose money.
Now, this is something I would like to see too. Think about it: if you permit crypto to be traded into fiat without paying taxes, it’s plausible that individuals holding shares of companies like Microsoft, Apple, Nvidia, and so on would be eager to trade their stocks for fiat without incurring capital gains tax. Therefore, I’m calling bullshit.
More like a quick lick. If long-term, what would you go with?
Bitcoin… Go back to the beginning of this draft and look at what the price of bitcoin was and look at the price of it today.
Watch this video and subscribe to this guy‘s channel.
Thanks bro!
this dude is one of the few crypto black men that are sitting at billionaire status and i wish we could have met him and linked up with his inside connections. i wonder if he is is stlil living in hong kong.
Last I heard he came back to the states a few years ago. He only came back because he reached an agreement with the feds.
yeah, i remember ...he told them to meet his lawyers in HI and if it was cool, he would fly in sign the papers and then bounce...which is exactly what he did....thats fuq u money. plus I know he wouldnt mind getting back into the game but it would be hard with all these jackers and scammers out here.