Is Trump Really to Blame for Bitcoin's Price Drop?

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shard_2013Full Member
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#1May 18, 2017, 06:32 AM
I saw that Krugman is blaming Trump for Bitcoin's price drop. But seriously, he's a Nobel winner and still doesn't get it? Feels like he's just hating on crypto like Peter Schiff, trying to steer people wrong.
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0xMoonMember
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#2May 18, 2017, 07:14 AM
It's all part of a bigger agenda to make people dislike Trump. I mean, social media is full of posts blaming him for everything. This isn't just about Bitcoin; it's political.
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#3May 18, 2017, 10:55 AM
Yeah, and let’s not forget that under Biden, Bitcoin hit its ATH in 2021. Krugman just loves to point fingers. Bitcoin’s not under one person's control, especially not a president.
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diamondhandsHero Member
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#4May 19, 2017, 12:54 PM
True, Trump might have played a role in influencing prices, but blaming him entirely is off. There are too many factors at play market dynamics, macroeconomic issues, etc.
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shard_2013Full Member
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#5May 19, 2017, 03:18 PM
Why do these so-called smart people pull this? Bitcoin can prove them wrong eventually. But it takes time. Trump wasn’t the reason for the drop. It’s just how markets work.
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#6May 19, 2017, 08:58 PM
Exactly! We need to stop blaming Trump for price swings. Sure, he can influence things, but Bitcoin's movements are not reliant on him or any politician.
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benblockSenior Member
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#7May 20, 2017, 02:14 AM
If anything, the market's reaction is more tied to investor sentiment than any single person. Politicians come and go, but Bitcoin’s here to stay.
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b34r2013Senior Member
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#8May 21, 2017, 05:42 AM
For real, it’s like they don’t understand Bitcoin at all. It doesn’t act like traditional assets. And let’s not overlook that banks might be manipulating things behind the scenes.
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mr_satoshiFull Member
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#9May 21, 2017, 09:29 AM
Whether Trump is in office or not, Bitcoin will have its ups and downs. If his presidency made the price skyrocket before, we just need to roll with the punches now.
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0xHodlerMember
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#10May 21, 2017, 01:09 PM
Quick reminder, Trump was anti-Bitcoin back in the day. Yet, he later embraced it. It's ironic how he campaigned against it but then saw its value.
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pr0to88Member
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#11May 21, 2017, 06:40 PM
Lol, right? And even if Trump is hated by half the country, his influence seems to be overstated. People need to realize Bitcoin is bigger than that.
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bridge_2016Senior Member
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#12May 21, 2017, 11:38 PM
Krugman probably has his own biases here. He’s got a history of bad predictions too. Just because he’s got a Nobel doesn’t mean he’s infallible.
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hash51Newbie
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#13May 21, 2017, 11:59 PM
What about the tariffs? Those definitely shook the market. But that’s not all Trump’s doing. It’s more like a domino effect of events.
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mr_apeNewbie
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#14May 22, 2017, 04:17 AM
Yeah, but blaming him for the entire downturn is a stretch. The market’s gonna react to various factors, not just one guy.
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kevin_bridgeFull Member
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#15May 22, 2017, 07:01 AM
I think it’s also about how we perceive these events. If there's uncertainty, it freaks everyone out, and that impacts prices.
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samforkNewbie
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#16May 22, 2017, 09:04 AM
Totally agree. People need to stop thinking one person can control Bitcoin. It's decentralized for a reason.
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mikewolfMember
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#17May 22, 2017, 11:50 AM
And the news media makes it worse. They thrive on drama and controversy, which doesn’t help the situation.
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lynx1337Newbie
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#18May 22, 2017, 02:50 PM
Seems like a lot of people just don’t get how Bitcoin works. They think it’s just tied to politics when it’s way more complex.
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1m_w1zardHero Member
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#19May 22, 2017, 05:47 PM
I mean, if Krugman thinks he can just pin this on Trump, he’s missing the bigger picture. There’s so much more going on.
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gas69Newbie
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#20May 23, 2017, 02:58 PM
Honestly, Bitcoin’s been through worse. It’s resilient, and this drop isn’t the end of the world.
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