The trade moves by Trump with a huge tariff on Chinese tech imports shook up the whole market on October 10. Stocks dropped, and Bitcoin wasn't safe either, falling to around $102K briefly before recovering a bit.
Market Reactions to Recent U.S.-China Tensions
20 replies 330 views
its_matrixSenior Member
Posts: 123 · Reputation: 899
#2Dec 12, 2017, 03:48 AM
China is in a strong position here. Cutting them off might push them to rely less on US trade, which could lead to more global instability. This trade war is just a backfire waiting to happen.
Seriously, why act surprised? We've seen these tactics before. The stock and crypto markets are feeling the anxiety over what Xi might do next. If they don’t resolve this soon, things could get worse.
Totally, it feels like a game. When two leaders play hardball, it messes with everyone. And what’s up with Bitcoin? Why is it so easy to manipulate its price now?
Wait a sec, isn’t it China's export controls on rare earth metals that started this? If trade wars escalate, we could see major economic fallout.
I still don’t get why the market reacts so wildly to this stuff. It’s like they sell high, get Trump to say something ridiculous, Bitcoin drops, they buy low. It’s all a game.
AtomicShardNewbie
Posts: 26 · Reputation: 8
#7Dec 15, 2017, 01:02 AM
No way, this trade war has been ongoing since Trump's first term. It didn't really stop, Biden just kept the tariffs. Trump kicked this whole thing off, and it's not ending anytime soon.
In the end, the US and China will probably strike a deal. They need each other too much. It's about time they figured it out.
Bitcoin dropped almost 10% now, and while that's a lot, it’s not as shocking as it used to be. But it’s weird considering BTC is seen as a solid asset now.
Just checked the Bitcoin price, wow, it’s dropped! I thought it was just profit-taking after that ATH. Shouldn’t more fiat wars make people want to hold crypto?
Trade wars suck for everyone. But who's gonna bend first? It's clear that the fighting won't help either side.
In the past, Bitcoin could drop 20% without raising eyebrows. Now a 10% drop feels unexpected. BTC is maturing, but it still can’t match gold's market cap.
Bitcoin trading is all over the place with futures and forex markets involved. News hits, traders panic, and boom, everything sells off. China will retaliate for sure.
AtomicBridgeMember
Posts: 48 · Reputation: 201
#14Dec 17, 2017, 06:07 PM
I don't like how Trump plays the markets. It's like he’s venting anger on China, but it’s the average person who loses out. This battle only brings harm.
Seems like Trump vs crypto at this point. Every time he slaps tariffs on China, Bitcoin drops. My buddy called me during the last dip, but I missed my chance.
He's really isolating the US with these tariffs. China is making new trading buddies while the US gets left behind. It’s the farmers in the US who’re getting rekt.
Whenever these events happen, I think about Bitcoin's fundamentals. They’re not connected. But I see these drops as buying chances, just gotta hold on.
silentchadMember
Posts: 25 · Reputation: 248
#18Dec 18, 2017, 11:59 PM
China probably won't retaliate hard. They won't want to hurt the global market too much. They'll just strengthen ties with other countries instead.
alex_whaleMember
Posts: 41 · Reputation: 229
#19Dec 19, 2017, 02:31 AM
Why blame Bitcoin for the market mess? It’s reacting to other factors, not just tariffs. We’ve seen this before, when big players moved the market.
So, we’re saying tariffs made Bitcoin go below 80K before. Now it’s above 110K after the latest news? Seems like it’s still holding strong overall.
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