So, here's the deal:
1. You’re based in the USA.
2. You get that 2000 bucks from the tariff money Trump talked about.
How much of that cash would you throw into BTC?
I’d go for 2000.
Check out the info about that 2000 promised check.
Also, I’ve got the same poll running over on another forum.
If I am earning money every week that is enough for me, I will prefer to invest all the $2000 in bitcoin. If I am not earning enough or if I have money that I borrowed to be paid, I will first have to pay all the money I borrowed. What I will do will depend on my financial situation but if I have no use for the money than to keep it in bank, I will prefer to convert it to bitcoin and hold bitcoin instead.
Since I already have a budget that can cover all my expenses. My income is enough to cover my expenses and other financial obligations. I will simply put all the money in Bitcoin.
Trump has not announced the threshold for income earners who will not be eligible for this free money. Why are you exempting yourself? Maybe you are not a US citizen.
In that hypothetical case, and the rest things of my present life being equal I would spend the full amount buying bitcoin.
I am in the same situation, so I would do the same.
I think something similar happened during the pandemic. People who had stable finances used their stimulus cheques for investment.
well if you earn too much the poll is not meant for you.
but unlike Trump who will not give a rich person the 2k
I philipma1957 will let you answer the poll with any of the 6 choices. in fact just for you I will add a 7th answer.
as I can be a flexible person.
Phil - You're the man! I voted in the added 7th answer...
BTW - In case I forget tomorrow on Veterans day I'll say it now - THANK YOU sir for your service in the Navy!
i'm debt free, i have enough for my living expenses, so i would put $1.5k into bitcoin and add the rest to my savings for rainy days.
but i'm guessing a lot of americans who would be eligible for this have some kind of debt (credit cards, student loans, etc...) will probably use that $2k to pay some of it off.
How realistic is it for people to get $2k? Given that DT says a lot, and actually puts little into action, is this statement some false hope for many?
A few days ago I watched a report about the plan to increase the price of basic health insurance in the US and a lot of people who are already living hard say that they will not be able to afford it - so this kind of news makes very little sense to me - first I will take it from you by increasing the price of your health insurance, and then I will (maybe) give you a check for $2k?
If by any chance I got that money, maybe I would invest some of it in BTC, but considering that Christmas and New Year are coming, I would probably buy everything I need, including some gifts.
Depends on how much you actually get, but since we are assuming I'll likely go all in on the 2k in bitcoin. Mostly I've got nothing to spend it on. My income would be able to cover up my major expenses, so I mostly put in any free money I've got into bitcoin. Also with bitcoin it will be safe and have a better ROI than any other investment out there. Most people might have other things personal to settle because to some it would be a very big amount..this would be the best time to actually do it, most especially as bitcoin is at a lower price, so it would make more sense to buy now and once bitcoin resumes it's bullish trend you would be in good profits..
Trump said "low and middle income citizens", some people might already know they won't have this luck.
People might not actually receive $2k in hand to be able to spend in BTC...
See this line from the Treasury Secretary:
Maybe someone can talk Trump into buying some BTC to distribute, a-la El Salvador.
Active in what exactly? In the fact that he ended a dozen wars, some of which never even existed, and countries that don't even exist? The whole world laughs at him, the man doesn't even know the basics of geography, let alone what politics and diplomacy are. You might think that he is active on his social network, where he posts new tariffs, and then withdraws them in a few days.
Being active and not being productive is almost meaningless, and from what I can see, the average American is not living any better than they did a year ago.
Not a single mention of hookers or cocaine. You are all liars!
I honestly dont know what Ill spend it on. Probably regular budget stuff. I dont think this 2K will perform as well historically as the last check we were handed out and if I do get one it will just get absorbed into whatever spending I have going on regularly.
You sure this tariff dividend will actually come? I keep hearing about it on the news but if you go to Polymarket and look at the odds they are less than 10% chance of happening before the end of the year. These odds maxed out at 17% a couple of days ago, it just doesn't seem to be happening if it was people would be putting money into it.
Either way, remember the last covid checks people got? I guess if they invested into bitcoin back then they would be up to $10000 or $15000 or so if I recall. Bitcoin started to pump shortly after those covid checks. This is slightly different because that was money printing but this is taking money from the tariff revenues so it might not create inflation like before.
Reality check: we got bills to pay so I'd split it for 50%. Well, this is only assuming we get airdropped in this but it's still probably not coming this year. Do you think people will invest it on risk market this time around?
I think it will not come this year, maybe the next one. Well, at least for those eligible they have something to wait for.
That's a very difficult assumption mainly because of two things.
First is that the cost of living is not as extremely high as it is in the US so $2000 would go a much longer way than it would for an American, since for example a gallon of gas that costs an American $3-$4 would cost me $0.05.
Second is that most economies in the word are not debt based like the US economy so people in most of the world are not up to their necks in debt, therefore they have an easier time investing any "extra" money they get their hands on.
In any case, what would I do? I would put another 2 grand on top and buy bitcoin. Specially now that we are getting a discount thanks to the weak hands who sold and pushed the price a little lower...