When he tweeted it, there was no effect on price whatsoever. There are probably other reasons for current dump, and not that tweet.
That is how I see it too. The president tweet is just a coincidence and it has nothing to do with the current market behavior. I even like the current market conditions and his comments just justify bitcoin and it means the probability of banning bitcoin is moving close to the impossible level. Trump will one day buy bitcoin! Though he is not a fan of bitcoin now. 
Topic: How much do you think the President’s recent comments have hurt bitcoin prices? (Read 8045 times)
July 28, 2019, 01:28:12 PM
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
July 28, 2019, 05:22:35 AM
I think the Tweet it self did not have an immediate impact, but the media attention it got just catapulted it into to a whole new level. The media just love negative news and this combined with the statements that Trump made about Facebook's Libra, just triggered a downward spiral in the price.
Many bitcoin enthusiast don't seem to agree with this truth but that's just the fact. The market was trying to break the $13,000+ resistance level until the tweet came along and the media did what they know best (spread fud with any negative news they can get their hands on), even my local news media was reporting trumps tweet (that's how I even got to know of the tweet). We shouldn't denial the fact emotions still plays a major role in the cryptocommunity. It's one of those reason bitcoin price spike higher (due to fomo) and decline (due to fud). The tweet did have a major effect on bitcoin price but bitcoin will definitely bounce back, Just like old times.
July 28, 2019, 04:55:58 AM
I like it. Trump has +62 million followers on Twiter. If you also include the potentially hundreds of millions of people around the world that heard about it due to the mainstream media covering it, then it gets even better. No matter how much money you spend on advertising, you won't be able to generate as much exposure as Trump did with that one Tweet.
I'm looking forward to his next Tweet and the media attention that it will generate. If the president of the most powerful country in the world keeps talking about that Bitcoin thingy, it might actually be worthwhile for no-coiners to start looking into it. One thing is sure, even if people still don't like Bitcoin, the name is something they will never forget.
I'm looking forward to his next Tweet and the media attention that it will generate. If the president of the most powerful country in the world keeps talking about that Bitcoin thingy, it might actually be worthwhile for no-coiners to start looking into it. One thing is sure, even if people still don't like Bitcoin, the name is something they will never forget.
In the end everything comes down to marketing. This kind of advertise can`t be paid, and in long run this benefits bitcoin. If the price suffered cause of Trumps tweet, it will be temporary, but more people will hear about it, more people will talk about it, bitcoin is gaining popularity whenever he wrote something about it, good or bad.
I`m looking forward to his next tweet about crypto, too.
July 27, 2019, 01:38:07 PM
Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.
Bitcoin is currently hovering just over $10000.
We might see some fundamentals that we do thought that's the main reason why bitcoins price or entire market movement goes slump due to those words.Bitcoin is currently hovering just over $10000.
Actually,we wouldn't know if this is the real reason or not or just simply being dragged up by those comments or words by most popular or powerful people.
They can tell all the things they do want but no one can point out on why bitcoins price do pump or dump.
July 27, 2019, 04:29:25 AM
For once, I'm actually in agreement with almost all the points in today's Forbes article by Kyle Torpey. If all of what Trump wants he gets: quantitative easing, remittance restrictions, clamping down on end-to-end encryption.
And I'll always take the point of view that any form of censorship, any form of money restriction, money control -- will force people towards Bitcoin.
In fact, any direct moves against Bitcoin itself also promotes better use. Ban bitcoin exchanges, people go p2p. Ban bitcoin services via ISPs and people learn to use Tor and tunnels.
And I'll always take the point of view that any form of censorship, any form of money restriction, money control -- will force people towards Bitcoin.
In fact, any direct moves against Bitcoin itself also promotes better use. Ban bitcoin exchanges, people go p2p. Ban bitcoin services via ISPs and people learn to use Tor and tunnels.
July 27, 2019, 03:57:01 AM
I think that its recent comments about Bitcoin and cryptocurrencies will discourage many people to buy or trade this coins, because he have so many followers and fans around the world, and already its Twitter account is very popular.
But I believe that BTC price will go up despite these comments because its community is also very big.
Perhaps for the future investors who are considering to invest in Bitcoin and also a fan of Trump at the same time. However those who are investors that are already fan of Bitcoin and Trump wouldn't be discouraged and also those who believe in Bitcoin and not a fan of Trump. In my point of view since US citizens are one of the largest investors in Bitcoin, it may hurt a lot to Bitcoin's price. But I believe that BTC price will go up despite these comments because its community is also very big.
July 27, 2019, 01:23:48 AM
There are too many people that think his tweet was bullish for the market. Their reasoning is that since he meantioned it, it means it is going mainstream and bullish for price. I think the only reason why he meantioned Bitcoin was probably due to all the mess that Libra created that week, if Facebook never went into Crypto then most likely it wouldn't be on his radar.
I don't think he can outright ban it but if he meantions something of this sort then most likely price will tank because all the US institutional investors would be running for the doors. And that would definitely put a negative trend on the price, even though it might not actually get banned in the US.
I don't think he can outright ban it but if he meantions something of this sort then most likely price will tank because all the US institutional investors would be running for the doors. And that would definitely put a negative trend on the price, even though it might not actually get banned in the US.
July 27, 2019, 12:13:24 AM
I believe Trump's comment isn't connected in the fall we are having.
i also believe that because even if there are no bad news , bitcoin is still going down due to some other reasons . there were also times that there are lots of bad news but bitcoin was in a stable condition .It doesn't make others to panic.
to some it can cause panic attacks especially to those people that are on the u.s Maybe there is something that cause this sudden dump, idk maybe a selling point of traders or something else. Anyways, nothing to worry that much, pretty sure it will recover next month.
the dumps are basically caused when a person sells but your right . the value of btc is known to recover over and over again so i wont worry . 
July 26, 2019, 07:22:05 PM
looks like I was right. Trump has caused a cascade in an already shaky situation.
Cascade and cheaper prices seem like vastly different concepts to me. If you go shopping and your favourite beer is on special 25% off, would your reaction be ,its a cascade I no longer am thirsty or have any preference for this beer. Cheaper is worse or possibly we shouldn't look at prices on one day, week or even year as being much of an indication for success.
If its cheaper then I hope it allows from entrants then if we never stopped rising.
The Trump statements dont have to matter that much, he is just one man and I never evaluate a nation and its potential by just their politics nevermind just the offhand comments of a singular person. I understand actions can be taken but like the price its really the overall direction the country is proceeding that matters far more.
USA is technology capable and growth orientated and I believe USA will engage Bitcoin especially while it represents positive potential and the possibility for world trade; both great things in our time.
July 26, 2019, 02:49:13 PM
None what so ever. And i highly doubt that he wrote that tweet anyway. It was almost coherent unlike his usual ramblings. Sure it was inaccurate as well but i am betting that the wording was from someone else.
July 26, 2019, 01:49:07 PM
Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.
Bitcoin is currently hovering just over $10000.
I don’t think that Donald Trump’s recent statement about bitcoin and cryptocurrency can significantly affect the price of bitcoin. The statement did not have a sharply negative character or its negative plans as president in relation to cryptocurrency. Moreover, next year there will again be a presidential election in the United States and Trump’s current attitude is not so important. In the meantime, we have seen that lately the price of Bitcoin has practically not been exposed to bad news. Bitcoin is currently hovering just over $10000.
July 24, 2019, 12:01:04 PM
Libra is competition to the dollar.
Bitcoin is competition to gold.
That being said, I dont believe anything the US president says about crypto will affect the price of bitcoin. It will affect libra instead.
Bitcoin is competition to gold.
That being said, I dont believe anything the US president says about crypto will affect the price of bitcoin. It will affect libra instead.
July 24, 2019, 11:46:30 AM
Know what? This can be a win-win situation for us. Considering how polarized the society in the US has become, I have a feeling that the Democrats will start supporting crypto if Trump badmouths it. And remember, the Democrats got more votes than the Republicans during the POTUS elections of 2016, and they swept most of the larger states such as California, NY and Washington.
July 24, 2019, 10:33:37 AM
Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.
Bitcoin is currently hovering just over $10000.
looks like I was right. Trump has caused a cascade in an already shaky situation. Bitcoin is currently hovering just over $10000.
July 23, 2019, 07:59:04 PM
Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.
Bitcoin is currently hovering just over $10000.
Bitcoin is currently hovering just over $10000.
Any advertisement is good advertisement. Not just that it did not hurt it helped for people to look at Bitcoin.
July 23, 2019, 07:30:34 PM
Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.
Bitcoin is currently hovering just over $10000.
Bitcoin is currently hovering just over $10000.
Any advertisement is good advertisement. Not just that it did not hurt it helped for people to look at Bitcoin.
July 23, 2019, 06:41:30 PM
Though I find it quite ironic since Trump believes that -
Quote
any publicity is good publicity
and he seems to add more fuel to the Bitcoin fire than killing it. I like it. Trump has +62 million followers on Twiter. If you also include the potentially hundreds of millions of people around the world that heard about it due to the mainstream media covering it, then it gets even better. No matter how much money you spend on advertising, you won't be able to generate as much exposure as Trump did with that one Tweet.
I'm looking forward to his next Tweet and the media attention that it will generate. If the president of the most powerful country in the world keeps talking about that Bitcoin thingy, it might actually be worthwhile for no-coiners to start looking into it. One thing is sure, even if people still don't like Bitcoin, the name is something they will never forget.
July 23, 2019, 05:32:21 PM
President Donald Trump comment about btc has a minimal effect on the price of bitcoin I believed the decentralized feature of bitcoin was responsible for the modest action of the price which is a clear picture and indication of how bitcoin will continue to weather the storm and continue to wax stronger, obviously the price witness a temporary dump or pullback due to the negative comment which was short-lived however the price recovery was rapid while its keeps hovering above $10K is an attestation to the fact that the bullish sentiment of the price is not over.
July 23, 2019, 03:13:54 PM
It has nothing to do with Bitcoin's price.
It has everything to do with Bitcoin's price. If Bitcoin were still trading at $100, you can bet your bottom dollar the US president wouldn't be mentioning it. The head honchos are being forced to deal with Bitcoin because it simply won't go away. Not at $0.01 or $100 or $10K. They're worried what happens next.
Yeah I know that's not what you meant. My point is people are looking at this the wrong way. If you read between the lines, it's actually a really bullish sign that world leaders are being forced to address Bitcoin. As for the immediate effect, Trump tweeted that shit right in the middle of a crash so nobody should be surprised that price kept falling afterwards.
July 22, 2019, 11:06:09 PM
It has nothing to do with Bitcoin's price. Investors in BTC wouldn't exit easily just by any president's opinion about it. Bitcoin doesn't need any support from politicians so that people can accept it. Bitcoin is independent, can be supported or opposed by another individuals.
Jump to: