So Trump just tweeted about how "CHINA HAVE TOTALLY VIOLATED IT'S AGREEMENT WITH THE US". He ended with a jab at being "MR NICE GUY"... Seems like he’s done trying to be diplomatic. This is definitely gonna stir up some chaos in the crypto market.
Market Volatility and Trump's Influence
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bridge2016Newbie
Posts: 45 · Reputation: 21
#2Jan 15, 2021, 09:31 AM
Tbh, I’m skeptical about the US winning this trade war. China’s been prepping for ages, and they've got some serious strategies up their sleeves. If this keeps up, it could impact the global economy and who knows what else... I just hope we don’t slide into a world war.
kevin_farmNewbie
Posts: 65 · Reputation: 14
#3Jan 15, 2021, 12:05 PM
This tweet is probably why Bitcoin’s down 3% today. If this keeps happening, we could be in for a long ride south. But honestly, I think this dip could turn out to be a good thing... Bitcoin’s still gotta bounce back before the year ends.
I won’t be shocked if Trump pulls a rabbit out of his hat with some positive news about tariffs once the market tanks. Always the market manipulator... he’s got investments in both crypto and stocks. It’s wild how one guy can sway the market like that.
AtomicForkFull Member
Posts: 352 · Reputation: 479
#5Jan 15, 2021, 05:23 PM
Whatever, I’m still buying more Bitcoin. Trump’s just noise. He says stuff that freaks people out, markets dip, then he doesn’t follow through, and they recover. I stick to dollar-cost averaging and ignore the panic.
The crypto scene is super sensitive to this kinda news. Remember when the tariff war kicked off last January? Caused a huge Bitcoin drop. But with how Bitcoin's being adopted now, I think it’ll hold strong. I’m just waiting for all the weak hands to sell so I can grab some more.
People really need to chill with reading too much into Trump’s tweets. He’s just creating pressure to get better deals... and he might tweet something positive tomorrow. This whole situation is chaotic, but time will tell how it plays out.
Just a reminder to buy the dip. This situation will smooth out eventually, and I bet China and the US will strike a deal soon. And when they do, Bitcoin’s price will shoot back up.
hash_orbitMember
Posts: 68 · Reputation: 40
#9Jan 16, 2021, 06:52 AM
Volatility is just a part of Bitcoin’s game. It doesn’t need special prep for holders, just traders. All this tariff drama? It’s been a downer but the long-term trend is still upward. Just hold and wait... we’re still in a bull run.
AtomicBridgeMember
Posts: 128 · Reputation: 201
#10Jan 16, 2021, 08:30 AM
Honestly, I don’t think tariffs are hitting Bitcoin hard at all. The price just hit a new ATH, and this dip is normal. Don’t panic; take advantage of Trump’s antics to load up more Bitcoin. Only the traders and weak hands will sell in fear.
falcon_satFull Member
Posts: 69 · Reputation: 312
#11Jan 16, 2021, 09:14 AM
+1 I’ve seen this play out before. News like this might shake the market short-term, but we’re in a bull run. Trump can’t stop Bitcoin.
A few indexes are still up, but Bitcoin did drop after Trump’s tweet. I’m hoping for a rebound when it hits the 100k support. This volatility has me nervous... he really has too much power.
AtomicShardNewbie
Posts: 68 · Reputation: 8
#13Jan 16, 2021, 08:08 PM
Yeah, I expect him to pull something like that too. It’s not new for him to shake things up. Sure, he claims he doesn’t care about market reactions, but it seems deliberate. Since he took office, everything’s just been a bit unstable.
bridge_2014Senior Member
Posts: 140 · Reputation: 870
#14Jan 17, 2021, 01:19 AM
I reckon this topic fits better in Economics than Speculation. He knows how to make the market move with his statements. He’s definitely leveraging this situation to his advantage.
It’s interesting how volatility creates more buying opportunities. Every Bitcoin move means chances to buy more. If the price drops, I’m all for it... the goal is to stack as much Bitcoin as possible.
Totally agree. He’s using his position to manipulate for personal gain. Every time he crashes the market, I believe he’s just waiting to buy at lower prices. With his media group looking to raise funds for Bitcoin, this might get crazier.
Bitcoin's volatility isn’t surprising anymore. The price swings a lot, but it’s always been like that. I wonder how much longer this manipulation can hold? Like with Musk and McAfee... eventually, it just fades.
wizard2018Member
Posts: 16 · Reputation: 238
#18Jan 19, 2021, 06:24 AM
Some people forget that markets can change overnight. I always recommend DCA for those looking to accumulate. Don’t wait too long or you might miss the boat.
America has its strengths but beating China? Not likely. Heard about that clothing company that printed shirts saying ‘Boycott China’? They sold out... even during a trade war, they found a way to profit.
I find it hard to believe that China’s factories are shutting down because of Trump's tariffs. They're a huge player in the market. He can't just rattle them like that. His tactics are all about creating panic.