Bitcoin grows, worlds money and big fishes. Is this connection obvious?

CryptoBry

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Quote from: BHFFCF on May 31, 2019, 02:52:04 AM

Recently I've found news that Bitcoin grows because Trump became its supporter. Isn't it obvious? I'm afraid it's like a game of big fishes. Crypto isn't as independent as it indicated to be. Do u have any thoughts?

Don't believe on those unfounded news. I don't think that Donald Trump has the influence to make bitcoin grow as it is now as there is no direct support for cryptocurrency coming from the White House, as of the moment. Until such time that there can be a clear-cut policy from the state on cryptocurrency and there can be corresponding laws passed, we should leave the government out of the picture here. Of course, it can be different if ever SEC will finally approve of the ETF.

drumamat

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Quote from: BHFFCF on May 31, 2019, 02:52:04 AM

Recently I've found news that Bitcoin grows because Trump became its supporter. Isn't it obvious? I'm afraid it's like a game of big fishes. Crypto isn't as independent as it indicated to be. Do u have any thoughts?

Look at how much the total capitalization has increased.I don't think small investors did it.There was clearly some movement behind the scenes.About trump I can not say anything but there was clearly the intervention of major players.

iamzill

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Quote from: BHFFCF on May 31, 2019, 02:52:04 AM

Recently I've found news that Bitcoin grows because Trump became its supporter. Isn't it obvious? I'm afraid it's like a game of big fishes. Crypto isn't as independent as it indicated to be. Do u have any thoughts?

I think all crypto growth is indeed a perpetrator behind it. now we can continue to see and always monitor the crypto movement and analyze. so don't get caught up in the game and try to be in a condition that always gets profit.

dothebeats

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Trump hasn't issued a clear statement regarding his personal stance on cryptocurrencies. He may have done so in the past but you know this man, he only talks the talk but never walked the walk. He never implied that he liked the idea of crypto in his tweets or statements either. Also, the man is a capitalist at best and a banker at heart, so he might have seen bitcoin and crypto as money milking machines but never the revolutionary tech they are.

Rufsilf

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Quote from: Ailmand on May 31, 2019, 03:15:37 AM

Quote from: kingpin4321 on May 31, 2019, 03:01:32 AM

I don't think you can not go far if you take any news you hear or read about cryptocurrency seriously because you would fall so easily for FUD and FOMO and make wrong decision. Bitcoin did not increase because of Donal trump supported or joined in(i still don't believe this)

Agree, not everything you read even if it is an article or news from other sources such be taken seriously. Try verifying any information or news you gather before believing it. OP can you share a link where you have read your post? Well, sure the market is composed of big fishes, but there's no way to verify if ever Trump is mainly the reason why bitcoin is pumped. If you will read more articles, there had been a lot of news about crypto adaptation and positive news about crypto which is more probable cause of the increase in market demand.

That’s right, it seems like they are implying that trump has a big influence in the market price right now when in fact he’s got nothing to do about it. Yes, trump is a very influential person but he the reason of bitcoin’s price, I don’t think so, there’s a lot of factors that can affect the market price and I don’t think having an influential person accept it or using it is one of them. Besides, I haven’t seen any articles confirming that trump is indeed supporting crypto now.

palle11

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I'm just reading on this now and don't think I have seen it before on the forum. What I know of trump is with forex trading. I don't know if he has started supporting crypto too.

kryptqnick

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Quote from: BHFFCF on May 31, 2019, 02:52:04 AM

Recently I've found news that Bitcoin grows because Trump became its supporter. Isn't it obvious? I'm afraid it's like a game of big fishes. Crypto isn't as independent as it indicated to be. Do u have any thoughts?

Sounds fake to me. Trump does not strike me as a 'crypto' kind of guy. And if he were a supporter, would not the crypto policies in the US be more friendly? Anyway, even if he is a supporter, one rich man cannot make a difference for this market. Perhaps if this news hit the main websites - sure, people could get excited and invest, but it would be a short-term thing. I think crypto is very independent (if we are not talking about shitcoins and let the mining centralization issue slip), and that's what's freaking the SEC and leaders of the banking sphere so much.

uneng

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Why do make you believe Trump is supporting bitcoin? Maybe this fake tweet? Cheesy

I can't find any real reason to justify Trump is endorsing bitcoin. If he stays at least neutral about crypto currency it's already a big deal for crypto space.

FitzgeraldZ

newbie

Activity: 20

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In the event that you think this was theoretical, I exceptionally proposing googling "Cryptographic money crash August 2017″. Then again, actually China didn't generally lift the restriction on digital forms of money yet. The fact of the matter is, such things occur, and nobody can disclose to you where the cost of X will be two days, two hours, after two minutes. Nobody. What's more, henceforth, you should accept such exhortation.

Clearly, it isn't each day that such news occurs, however there are times when a ton of speculators are leaving a specific coin, which would subsequently cut the cost down.

With experience and utilization of exchanging pointers, you figured out how to observe when the market is going south and escape the market shielding both your benefit and money.

xvids

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Quote from: kingpin4321 on May 31, 2019, 03:01:32 AM

I don't think you can not go far if you take any news you hear or read about cryptocurrency seriously because you would fall so easily for FUD and FOMO and make wrong decision. Bitcoin did not increase because of Donal trump supported or joined in(i still don't believe this)

Yes it isn't effective anymore as you can see people on the crypto industry have learn their lesson,
We don't fall easily on those fake news to create FUD and FOMO effect we have learn to make our own decision and make our own investigation,
People in the industry isn't like how we used to be back then people would be moved easily by the news about crypto .

acroman08

legendary

Activity: 2352

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if this were true even if it's just a rumor it'll be all over this forum and a link should be provided for those who might
be interested on the topic so they could have more information about the topic and provide detailed response if the OP
is asking for opinions. although he mentioned bitcoin several times in his tweet I doubt he supports bitcoin or even made
an impact to it.

Beerwizzard

full member

Activity: 924

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I've never seen news regarding Trump supporting Bitcoin. I guess it is fake and it was made by some democrats that wanted to show the relation of republican party and crypto scams with the other illegal activities that bitcoin is involved in.
Anyway, it doesn't seem like someone heavily advertised crypto.

bimvo

newbie

Activity: 28

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If you know how financial mechanisms work, it will not be difficult to generate a profit in a cryptocurrency or stock market. However, it cannot be denied that after such high rises, as Bitcoin shows, crypto is a very tasty morsel

Cacingkemi

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If that is the case then BTC will continue to grow without correction, we all know that trump is who are and we also know that there are large fishes said to be whales in these cryptocurrencies. The game market still looks anonymous it will continue, I think the news is still confusing.

Astvile

sr. member

Activity: 1484

Merit: 276

Quote from: BHFFCF on May 31, 2019, 02:52:04 AM

Recently I've found news that Bitcoin grows because Trump became its supporter. Isn't it obvious? I'm afraid it's like a game of big fishes. Crypto isn't as independent as it indicated to be. Do u have any thoughts?

First of all,make sure that the information you are saying is correct.Theres no legit information i found about trump getting in and supporting bitcoin.Just be in mind that not everything on the internet is a reliable source of information,even you yourself can edit bitcoins history on wiki and make a fake story about it.
About the big fishes thing almost all things sorrounds us,government,real life markets most of them is a big fishes game.Every money connected activity whales benefits the most

Genemind

sr. member

Activity: 1596

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If it's true that Trump is supporting Bitcoin, then it should be on the mainstream because that would be a big news for crypto.
I think you have read fake news. You should never trust everything that you read online.
There are people spreading fud to deceive people.

TREvhgy

newbie

Activity: 21

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The cryptocurrency market is quite young and its impact on the economy is minimal. However, the classic stock trading puts serious restrictions for novice investors. Therefore, millennials are more willing to invest in cryptocurrency, which is more modern and has high growth rates. Therefore, I am sure that soon the volume of cryptocurrency in the world will increase significantly

Ailmand

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Quote from: kingpin4321 on May 31, 2019, 03:01:32 AM

I don't think you can not go far if you take any news you hear or read about cryptocurrency seriously because you would fall so easily for FUD and FOMO and make wrong decision. Bitcoin did not increase because of Donal trump supported or joined in(i still don't believe this)

Agree, not everything you read even if it is an article or news from other sources such be taken seriously. Try verifying any information or news you gather before believing it. OP can you share a link where you have read your post? Well, sure the market is composed of big fishes, but there's no way to verify if ever Trump is mainly the reason why bitcoin is pumped. If you will read more articles, there had been a lot of news about crypto adaptation and positive news about crypto which is more probable cause of the increase in market demand.

betty11

copper member

Activity: 448

Merit: 3

There is no official link to this rumor, if you do, can you drop the link of the President's support for bitcoin here? When bitcoin grew to $20K, no president was supporting it, and even JP Morgan CEO was against it. Yet it rose to that ATH.

kingpin4321

member

Activity: 280

Merit: 14

I don't think you can not go far if you take any news you hear or read about cryptocurrency seriously because you would fall so easily for FUD and FOMO and make wrong decision. Bitcoin did not increase because of Donal trump supported or joined in(i still don't believe this)

Topic: Bitcoin grows, worlds money and big fishes. Is this connection obvious? (Read 294 times)