Hearing mixed feelings about tariff news in crypto circles. August 1st is looming, and Trump just confirmed no extensions, so what's next? Bitcoin's already dropped to around $116k. Anyone thinking we’ll see more declines?
Impact of Tariff News on Bitcoin Prices
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quantumaltHero Member
Posts: 57 · Reputation: 2784
#2Apr 3, 2020, 05:58 AM
Not like this news is fresh info. Trump has been up and down since he got elected. After the election, many thought Bitcoin was on the rise, but things turned upside down fast. Can't rely on someone who keeps breaking promises.
w1z4rd_forkNewbie
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#3Apr 3, 2020, 08:37 AM
Every time we hear about crypto's ups and downs, it's like a broken record. But one thing's for sure: the fiat debt situation is a mess, and that's a solid reason why Bitcoin's likely to trend upwards eventually.
A deadline isn’t the end, though. Tariff figures under this admin have been all over the place. Those earlier tariffs were more about panic than real strategy, so I doubt they’ll dictate Bitcoin's path in the long haul.
If Bitcoin tanks because of these tariffs, I'm buying more. History shows every dip pulls back up, so I see it as a buying chance. Some people freak out, but long-term, I think Bitcoin's fine.
Yeah, we’ve been through tariff turmoil before. Initially, it hurt the market, but things have calmed down since then. Bitcoin has been hitting ATH consistently, so I don’t see the tariff news causing chaos.
I don’t expect any dramatic drops either. In fact, Bitcoin's been through wars and conflicts and still stands strong. Any news that hits us will fade, and we’ll continue upward.
Honestly, I’m kind of hoping for a bigger drop just so I can stack more. The tariff war won’t make Bitcoin tank significantly. We’ll see some movement, but it’s not gonna scare serious investors.
raven_bossMember
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#9Apr 6, 2020, 04:34 PM
I guess we're just waiting on Trump's next move. He’s been known to change his mind pretty quickly.
Right? Tariffs were always on pause, and people know that now. When they first started, Bitcoin dropped but rebounded quick. Institutional investors are in it for the long game, not just the short-term noise.
Can’t say this is anything new. Bitcoin dropped hard before, but that was the first time. People panicked, but now? Nah, I don’t think it’ll dip below $100k again. Maybe a slight dip, but that’s it.
116k price-wise isn’t really a drop, considering all the international objections to Trump’s tariffs. Speculating on prices is tricky, but honestly, a drop could be a buying chance for some.
I see what you mean. Tariffs will only have a short-term impact. The market won’t react the same way as before. Plus, I’m more focused on Bitcoin hitting new ATHs than worrying about minor dips.
Some folks think we’re heading downward for a while, but others see opportunity. If Trump locks in those tariffs, it might spark interest in Bitcoin as a hedge against a weak dollar.
I doubt we’ll see significant drops. Bitcoin should stay above 115k, maybe only dipping to 110k. Those tariffs won’t cause panic; Bitcoin's too strong for that.
nonce_cipherFull Member
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#16Apr 12, 2020, 01:59 AM
With Bitcoin at 118k, I’m feeling good. It’s not gonna dive hard. I expect it to hold steady or even push past 120k soon.
If you didn’t buy during the last little dip, you might be in trouble. You gotta know how much you can afford to hold through thick and thin.
This panic comes from weak hands and futures traders. But I think there’s gonna be some flexibility with these tariffs, especially for Europe. I doubt it'll cause a massive drop.
Despite Trump’s tariffs since February, Bitcoin's only dipped a little. Now that the halt is over, if we see another dip, it’s just a chance to buy for those who recognize Bitcoin's potential.
block_alphaSenior Member
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#20Apr 14, 2020, 08:40 PM
Gotta stay positive. Bitcoin’s built some serious resilience against Trump’s financial antics. People won’t freak out and sell just because of tariff talk. We all know how this plays out.