How much do you think the President’s recent comments have hurt bitcoin prices? - page 2.

Zionatin

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Quote from: libert19 on July 14, 2019, 11:28:36 PM

When he tweeted it, there was no effect on price whatsoever. There are probably other reasons for current dump, and not that tweet.

Yes, coincidence.

Quote from: everlyn on July 22, 2019, 05:23:48 PM

I guess all the crypro community agreed that he's a clown and we shouldn't take this seriously. These tweets haven't hurt the btc price.

Even before this he was. Years back he still was one.

Quote from: bitsurfer2014 on July 22, 2019, 05:39:28 PM

I suppose it didn't hurt Bitcoin but instead it only gives more public awareness about cryptocurrencies and those comments seems to be beneficial to the whole crypto industry. 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 think you right, it just spread more awareness among the common folk Roll Eyes

The fact he is scared shows how strong crypto is. I think he is against anything that is not the USD

bitsurfer2014

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Activity: 924

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I suppose it didn't hurt Bitcoin but instead it only gives more public awareness about cryptocurrencies and those comments seems to be beneficial to the whole crypto industry. 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.

everlyn

newbie

Activity: 13

Merit: 0

I guess all the crypro community agreed that he's a clown and we shouldn't take this seriously. These tweets haven't hurt the btc price.

BF1Investors

newbie

Activity: 1

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There was next to no reaction at all from Trump's comments. This is a good sign we are closer toward a fundamentally stronger ecosystem.

jvdp

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No one will consider him as a president first of all and then we have some kind of racist thoughts. He was attacking his own country people aren't people who migrated to their country.
In that scenario we cannot expect him to speak about Bitcoin positive way.
Always believe in Bitcoin and expect its market trend based upon the volume and circulation.

whyrqa-1

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Activity: 350

Merit: 10

Quote from: BitcoinPanther on July 22, 2019, 10:22:22 AM

I don't think that it is because of his tweet. To be fair enough to Trump, I don't think he really understands how Bitcoin works or he understand it and he was really threatened that Cryptocurrency will overpower the traditional way on acquiring and producing wealth.

I do not exclude that Trump himself owns a certain amount of Bitcoin, but since he has enough advisers, it is quite possible that he did not express his personal opinion.

BitcoinPanther

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I don't think that it is because of his tweet. To be fair enough to Trump, I don't think he really understands how Bitcoin works or he understand it and he was really threatened that Cryptocurrency will overpower the traditional way on acquiring and producing wealth.

monalia

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In many new sites and articles explained trumps speech about Bitcoin and cryptocurrencies are heavily impacted. But not sure how many of them seen the news about Trump in one place she was showed his racist face.
After that USA assembly rise against Trump and asking him to resign as president posting. I believe Trump is not in the situation to discuss about Bitcoin or any cryptocurrencies now he has his own burden where he done a loose talk.

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

We can't expect people in their 70s and 80s to sing praises about the cryptocurrency. They will never understand the concept and the purpose behind it. We need to concentrate on the younger generation and needs to have a lot of patience. And there is no need to get disheartened over Trump's comments. Just remember the basic fact: in the end, any sort of publicity is going to benefit Bitcoin.

HouseStark

jr. member

Activity: 44

Merit: 1

You know what I think, sometimes I believe these statements are just some mere coincidences with the normal price fluctuations of the market we're in.

The current market trend showed money was been recycled within amongst ourselves in crypto and not that much from retail mainstream. The mainstream could've caused a panic sell if they were already trooping in so I wouldn't correlate this price movement to his statements.

We those already in the game don't care about what negative thing he says. This too shall pass!! we've seen even worse than this.

stompix

legendary

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Blackjack.fun

Quote from: SuperTA on July 16, 2019, 08:39:52 PM

Quote from: stompix on July 16, 2019, 03:37:05 AM

~

I think there's no overexaggeration here. It's the one way or the other. This news is extreme. So will be the result of this in the longterm. That's my opinion. I could be wrong. My thinking is that the government will regulate crypto which is the first step for adoption.

Everything coming from Trump is an exaggeration.
If it were for his tweets we would have already seen ww6.

Quote from: SuperTA on July 16, 2019, 08:39:52 PM

Yes, they declared a war! But not against bitcoin! They declared a war to the bad boys who are abusing bitcoin for illegal activities. It's just like declaring a war against criminal who is using dolar for illegal activities. You won't declare a war agains the dolar. You will declare a war against criminal and you will clean up this mess and make it legit and aceptable.

They? Who are they?
There was no message from anybody else, just a damn tweet from the Trump.
Even the Republicans themselves don't hold a solid majority in the Senate, a bill against or pro-crypto would have hundreds of hurdles to pass and we won't see anything this year.

A war against bad guys? Aren\t they already pursuing illegal activities?
Haven\t they already stopped scam ICOs, haven't they arrested people dealing in drugs with bitcoins? Already 6 years passed since SR!

Pipdips

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Activity: 210

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Quote from: Tahsin Kabir Kollol on July 17, 2019, 03:44:17 AM

Bitcoin is a decentralized transaction system. It has own payment system and no one can control it.

Whatever. The price is controlled.

Wendigo

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#MakeAmericaGreatAgain Grin

Anonylz

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It is very funny how many claim to be in crypto because of the technology yet they got so freaked out on every little tweets and post from non crypto users, Really? how do we expect to see adoption if we fret over every little tweets? it is very clear now that crypto is base on hearsay and not technology or people's lost over decentralization Undecided

why do we tag btc price drop to be the effect of Trump's tweet? is this the first time btc experience a drop in price? this is ridiculous Angry

Tahsin Kabir Kollol

full member

Activity: 1610

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There is some influence after the president's recent comments but I do not think the President’s recent comments have hurt bitcoin prices very much. The president just gives his personal opinion and some people who have not proper knowledge, they react very much. Bitcoin is a decentralized transaction system. It has own payment system and no one can control it. So Bitcoin price decrease as usually.

TheClownSong

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Quote from: SuperTA on July 16, 2019, 09:13:18 PM

I think this price action would happen even without Trump. The bull runs usually have several corrections. 40% correction in the bull btc market is very usuall. It also likes to test weekly 21 EMA line. We didn't touch that line yet.

That can be happen. Maybe there could also be an effect from Trump's statement on the bitcoin price even though it might be a little. But there were also those who took momentum of Trump's statement by selling bitcoin and realizing short-term profits. The market is indeed unpredictable and anything can be a reason for the increase or decrease in prices on the market

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

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.

We have to agree that the Facebook announcement about Libra was the catalyst for the last few weeks increase in the price and that negative comments from the US President would most certainly have a negative impact on the price. Let's not kid ourselves and beat around the bush... the US economy is one of the strongest economies in the world and if they start banning Crypto currencies, Bitcoin will definitely feel the impact of that on the price. Angry

Luckily not a lot of people in the US agree with Trump's statements. Grin

pooya87

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Quote from: SuperTA on July 16, 2019, 09:13:18 PM

I think this price action would happen even without Trump. The bull runs usually have several corrections. 40% correction in the bull btc market is very usuall. It also likes to test weekly 21 EMA line. We didn't touch that line yet.

i actually don't think it would have happened like this without that tweet. the tweet itself didn't cause the drop as the drop began before it and after it market had no immediate reaction. but days after, the manipulation began and the pressure was put on the market by big sells that pushed the price lower and as $10k was broken the panic also broke out mostly with stop losses.

SuperTA

sr. member

Activity: 406

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I think this price action would happen even without Trump. The bull runs usually have several corrections. 40% correction in the bull btc market is very usuall. It also likes to test weekly 21 EMA line. We didn't touch that line yet.

seoincorporation

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Quote from: Alexandir on July 14, 2019, 11:10:00 PM

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

This morning i was asking myself about what was the factor behind this crash because bitcoin at $9500 doesn't look nice after the last bump weeks. But now that i read you commend now all have a sense... I read about those trump twits and i think they were irrelevant. but that factor and the libra in all the news should be the 'why' behind this crash.

Topic: How much do you think the President’s recent comments have hurt bitcoin prices? - page 2. (Read 8045 times)