Donald Trump's tweet about Bitcoin and cryptocurrencies

in #neoxian5 years ago

Following the regulations we already have in many countries already, Donald trump is also showing a little focus on Bitcoin. Today he made a tweet about Bitcoin and cryptocurrencies which is currently trending in twitter. Though we see a good time for Bitcoin now, the alt coins are still bleeding.

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I'm pretty sure that Donald Trump will need more enlightment on Bitcoin and other cryptocurrencies. The most interesting thing in this tweet is the comments section. People are trying to explain Trump and I also saw some offers from some of the cryptocurrency bigshots who wanted to give Trump a familiarization session on cryptocurrencies.

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Will cryptocurrencies get more investors?

This can be twisted both sides. Either the government will try to bring more control over the Cryptocurrencies or regulate a little or otherwise this can even trigger a bull run in the cryptocurrency world because more people will start watching thing and bigger guys who understand this better will think about investing and take this to moon. It can happen in both ways.

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A good financial advice that I can give as of now is to keep your holdings safe in a proper Bitcoin wallet instead of a centralized exchange. A hardware wallet would be a preferable option. Anything can happen to the exchanges. If you are planning to hold the coins a bit longer, move the assets to a proper crypto wallet which keep your assets safe.

Some investors will see this as an opportunity and some investors will pack things up. I still see this as a good opportunity to hang on. You can also take wise decisions.

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People like Donald Trump will only realize the value of 'thin air' when they are being strangled!

Yes true. It will take lots of time for them to understand. :)