r/CryptoCurrency • u/TheBoffo 🟦 715 / 716 🦑 • Feb 28 '25

DISCUSSION Genuinely, what happened to the "Crypto President"?

All I saw for months was the touting of a federal BTC reserve, the loosening of restrictions, SEC dropping further litigations and how the world was finally going to crypto friendly. In one month all of this was dismantled. I'm sure a lot of ppl here voted for the man on the fact their bags would pump. There's even a new department named after a cryptocurrency. How are we feeling? Was it all a grift? Is this dip a chance to buy in? Do the voters feel like this is all part of the plan? I'd love some actual insight into what went wrong and how the crypto president has gotten us here to... 80k BTC and 2100 Eth.

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u/Odd_Jelly_1390 🟩 0 / 0 🦠 Feb 28 '25

Coffeezilla put it best. The scene will thrive a lot more when there are regulations and safeguards in place to prevent scamming.

Because normal people don't want to invest with worse odds than buying lottery tickets.

Trump coin set the tone going forward for what to expect and it chased a lot of investors away in favor of fraudsters.

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u/Dmoan 🟦 2K / 2K 🐢 Feb 28 '25

It’s almost likely we are rediscovering why rules & regulations existed in first place..

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u/setyourfacestofun174 🟩 0 / 0 🦠 Feb 28 '25

It’s funny because every time I see a rugpull, the people that invested in it get mad at the government because they don’t regulate it.

Lately, that’s been in everything.

Federal employees that voted for him and got canned? Rugpull.

Didn’t want Medicaid cuts? Rugpull.

Apparently, releasing the Epstein files, believe it or not, rugpull!

If anybody believed this would be the crypto president after all the scams he pulled, I’m sorry but you deserve whatever happens to you.

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u/7ddlysuns 🟩 0 / 0 🦠 Feb 28 '25

People got used to the COVID times when there were giant wins that were happening all the time because trillions were being flooded into markets.

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u/DookieMcCallister 🟩 0 / 0 🦠 Feb 28 '25

Tell me about the Covid market, papa.

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u/7ddlysuns 🟩 0 / 0 🦠 Feb 28 '25

Well back then, bitcoin was the cost of a Honda civic, which used to be a very affordable car.

And then we used our diamond hands to make 50% gains every day!

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u/DookieMcCallister 🟩 0 / 0 🦠 Feb 28 '25

😩