That is the thing about news and the movement of bitcoin, that is the big trouble we have to stop but couldn't. Whenever there is a movement upside or downside, people take a look at what the situation is and they try to read the news and whenever there is something financial they come here and say "this happened and I read this on news are they related?" and unless it is satoshi nakomoto finally came out of shadows, no news would change bitcoin all by itself.
You know what changes bitcoin? People, people change bitcoin and unless there is a pandemic like situation there is no news in the world that affects the whole world all together. Trump may not sign the stimulus, that affects Americans who need money, not even all of USA neither, let alone there is 7.5 billion other people out there too.
Topic: Small dip in BTC price after Trump stimulus tweet (Read 604 times)
Then the market bucks the narrative. This is why a lot of technical traders say news doesn't matter. 
i agree that news doesn't matter but at the same time i'd argue that whenever we see everyone is jumping at some news that makes that news matter a lot but only for short term.
sometimes it is FUD and can cause a short term drop and sometimes it is hyped up and can cause a rise.
in any case the big trend that also lasts long can not be changed by news as we can see these days that bitcoin price keeps rising even if it has some small drops from time to time. right now inching towards $12k.
To those wondering why the BTC price went down a bit today, here's the reason:
https://twitter.com/realDonaldTrump/status/1313551794623127552
https://twitter.com/realDonaldTrump/status/1313551794623127552
Update on BTCUSD price action since this post was made:
What often happens is that price drops (or vice versa) and people try to explain the drop in hindsight, with news. CNBC does it everyday. And this tends to create a narrative where you think some new dynamic is changing the market, or a new trend is occurring, etc. "Big red candle, no stimulus coming anymore, sell everything!"
Then the market bucks the narrative. This is why a lot of technical traders say news doesn't matter.
Personally I think another stimulus bill is coming, and the market knows it. Whether it happens before or after the election doesn't really matter.
May you enlighten me why?
What is the connection of that Donald Trump tweet with recent Bitcoin price dump? If it is about stimulus which they will pass and probably distributed for some american, why Bitcoin needs to dump? It is not good news that if people will get stimulus and there are a lot of possiblity they will use it to buy Bitcoin?
What is the connection of that Donald Trump tweet with recent Bitcoin price dump? If it is about stimulus which they will pass and probably distributed for some american, why Bitcoin needs to dump? It is not good news that if people will get stimulus and there are a lot of possiblity they will use it to buy Bitcoin?
It's because Trump is going is rejecting the $2.4 trillion for a bailout proposal of Nancy Pelosi. So investors take this negatively. The supposedly bailout not just includes stimulus package for Covid-19, so probably more for US companies. And since this rejection, investors lose fait again so traditional and crypto markets reacted by dumping. And for crypto markets, time for whales to manipulate this news in their favour to create a dump, and then buy it back when the price is cheap again.
So, the virus affected those places more, and the more money is needed there as well, in many countries where the most populated city was, there was a lot of covid there as well. If you give the same amount of money to states with 2k dead and same money to 40k dead, it wouldn't be fair.
To those wondering why the BTC price went down a bit today, here's the reason:
https://twitter.com/realDonaldTrump/status/1313551794623127552 (Click to read the thread)
a few minutes later, BTC price went down:
Source: https://www.coingecko.com/en/coins/bitcoin
same behaviour in the stock market:
Source: https://finance.yahoo.com/
thoughts?
Being the president of the strongest and powerful country in the world,expect the market reaction in every important words comes to His mouth either positive or negative.https://twitter.com/realDonaldTrump/status/1313551794623127552 (Click to read the thread)
a few minutes later, BTC price went down:
Source: https://www.coingecko.com/en/coins/bitcoin
same behaviour in the stock market:
Source: https://finance.yahoo.com/
thoughts?
now the Crypto space and the world economy also reacted badly but at least a little here in our community.
Lets look for more positive things why He needs to release such tweets because we knew the Man for being Outspoken and sometimes not in the proper way
but this is how he is.
To those wondering why the BTC price went down a bit today, here's the reason:
https://twitter.com/realDonaldTrump/status/1313551794623127552 (Click to read the thread)
a few minutes later, BTC price went down:
Source: https://www.coingecko.com/en/coins/bitcoin
same behaviour in the stock market:
Source: https://finance.yahoo.com/
thoughts?
So how many similar occasion will happen before election in US that will make Bitcoin Down and up later? maybe we can use this tool to make a shorthttps://twitter.com/realDonaldTrump/status/1313551794623127552 (Click to read the thread)
a few minutes later, BTC price went down:
Source: https://www.coingecko.com/en/coins/bitcoin
same behaviour in the stock market:
Source: https://finance.yahoo.com/
thoughts?
term investments to at least gain 3-5 percent per trade?lol
But this will always effect the crypto market until the election finished and will make another change if the new president will be elected because for
sure new policy will come and the market will react as usual.
Anyway we have passed couple of election yet Bitcoin stays stronger so let this thing pass and come the other one.
I don't consider that as a reason for such small dips, people of US are very much concerned about the daily lives, after the pandemic the entire globe had a hefty blow as tons of jobs has been trashed so far. Just a tweet can't be a reason for dip in BTC. Because there have been some serious debate going on these two Trump and Biden and I believe it will not be a reason for the price drop in BTC.
Some tweets of other crypto enthusiast may affect BTC but not much about Trump as it's likely to affect more the stocks than crypto market however there are some now during this Pandemic who shift from stocks to crypto that may treat it like to stock market so we never know, but since BTC prices were moving down too much then it may only some correction and not necessarily due to the news. Just a tweet can't be a reason for dip in BTC. Because there have been some serious debate going on these two Trump and Biden and I believe it will not be a reason for the price drop in BTC.
It is an American election and the two contestants are big weight. So even if we don't see the reason of the deep from the tweets or contest, you can expect the price not to be stable. I expect more instability with the days ahead to the election.
I don't consider that as a reason for such small dips, people of US are very much concerned about the daily lives, after the pandemic the entire globe had a hefty blow as tons of jobs has been trashed so far. Just a tweet can't be a reason for dip in BTC. Because there have been some serious debate going on these two Trump and Biden and I believe it will not be a reason for the price drop in BTC.
But with all of those events, we have seen the equal reaction of the market.Maybe you haven't those moments before that a single tweet actually moves the market quickly. We're in a very speculative market and bitcoin is unpredictable. We may say that a single tweet doesn't really do much in the market.
But if it's coming to a powerful man as him, people are quick to take precautions and actions to make their pockets safe by doing a forceful action that they don't want such as selling. Because they do understand how the market works.
I don't consider that as a reason for such small dips, people of US are very much concerned about the daily lives, after the pandemic the entire globe had a hefty blow as tons of jobs has been trashed so far. Just a tweet can't be a reason for dip in BTC. Because there have been some serious debate going on these two Trump and Biden and I believe it will not be a reason for the price drop in BTC.
There's always whales who are taking issues like this to create artificial movements, we should be more careful and aware if we are into this market, wrong quick decision will hurt our investment, considering that there's certain downfall that happened after this tweet traders and investors are working along the way taking position speculating with how things runs after this statement coming from the Pres.
in most cases, this kind of news doesnt really have nothing to do with the market movement. spectators are just amplifying the situation to take advantage of the market. i wont consider every dip or every pump related to some political situation happening in one country. crypto market is global and a lot of factors are pitching in to influence market movement. we shouldnt pinpoint it to one scenario as the major cause of market change. i think it's not fair to bitcoin.
I don't consider that as a reason for such small dips, people of US are very much concerned about the daily lives, after the pandemic the entire globe had a hefty blow as tons of jobs has been trashed so far. Just a tweet can't be a reason for dip in BTC. Because there have been some serious debate going on these two Trump and Biden and I believe it will not be a reason for the price drop in BTC.
There's always whales who are taking issues like this to create artificial movements, we should be more careful and aware if we are into this market, wrong quick decision will hurt our investment, considering that there's certain downfall that happened after this tweet traders and investors are working along the way taking position speculating with how things runs after this statement coming from the Pres.
I don't consider that as a reason for such small dips, people of US are very much concerned about the daily lives, after the pandemic the entire globe had a hefty blow as tons of jobs has been trashed so far. Just a tweet can't be a reason for dip in BTC. Because there have been some serious debate going on these two Trump and Biden and I believe it will not be a reason for the price drop in BTC.
I don't care if you support trump or if you support Biden, I don't care if you like Pelosi or you love Mcconnel, this is not about something that is partisan, this is not something about any party, you yourself could be doing decent, sure you may want more in life but not starving neither, so you may not see this a as a world changing situations.
However because of the pandemic, there are tens of millions of people who are unemployed and there are families with absolutely no income right now applying for unemployment like crazy trying to just NOT DIE and that is not what USA stands for, it is the land of prosperity and without this stimulus check giving them a bit more time until they get back on their feet, there is no difference between USA and a bad third world country with starving people.
However because of the pandemic, there are tens of millions of people who are unemployed and there are families with absolutely no income right now applying for unemployment like crazy trying to just NOT DIE and that is not what USA stands for, it is the land of prosperity and without this stimulus check giving them a bit more time until they get back on their feet, there is no difference between USA and a bad third world country with starving people.
I believe that Donald Trump deliberately makes such statements because he expects a negative impact from his statements on the cryptocurrency market. His main opponent Joe Biden is very active in using cryptocurrency in his political activities, which is aimed not only at receiving dividends, but also at black PR against Trump. Although he does not own any cryptocurrency. Of course, this activity is not advertised, but there is a lot of information about this on the net. I believe that in this way Trump decided to disrupt the financing of his competitor Biden.
I doubt that Trump is thinking about cryptocurrencies at all at this point, he is trying to win the election on November, this is why he gave this stimulus check so people have fresh on their memories that he has basically given to them free money, this is the intention behind the money he is sending and I think it can be an effective tactic but I do not know if it is going to be enough to win the election, after all a great deal of the US media is against him and the same is true for many public personalities and while Biden is not precisely the best candidate that could be enough to win. People are just over reacting on the situation and make Trump's tweet as big deal but actually I don't think it make sense to relate those things
It's a small dip and it's not a big deal however the dip that happened to btc did also happen to the stock market right after that time Trump tweeted . Tbh I'm also puzzzled out with that but I'm not a fan of relating things .I consider it as normal impact of global health crisis and not with Trump's statements. Social media outbreak sometimes overfeed us with different information, we can't rely too much because it might not help us to pursue our aims for the future of our finances.
health crisis is more farther than what Trump said because it's related to financial/money . There is a screenshot and it was officially said by Trump , not just a random news but not saying you take his advice seriously but it's still up to you . 
Reminds me of Bitcoin being banned in 2017 by China and it was around this time of the year also, price fell then trebled in only a couple of months. That price achieved after the ban proved significant initially forming lows around the ATH then closing highs in 2018 and 2019 and now we are back once again to the same place. During that period many more dollars have been issued and GDP has not grown which is fairly certain to have made the dollar worth less in ratio to BTC. There are more bitcoins in circulation now but its far less then supply of new dollars, over time it should have made this level easier to exceed so long as prospects for BTC improve every year and the population of users.
Nah, there's other reason behind that bitcoin small dip. Not all of Trump's tweet will have am impact with bitcoin's flow of price. I will believe of this cause of spike was that of the pandemic or the movement or selling of companies who owns many bitcoins. But just as thst of the tweet? I don't think so.
I have the same thought.
It might have a little though but not everything.
Trump always had that impact with investors. They are following him. Heck, they would even fund him to win. Not that he needs it.
It might just be a coincidence that a fall will suddenly happen.
Besides, he uses Twitter too much. Does that mean everything he says will connect to the financial industry?
Just a small dip that it, after that tweet the market seems to be on a pump slicing $11k and now the price is already sustained it self as it move to $11,400++. So it might have an impact but investors are smarter than that, if they see "blood on the streets", definitely a buying opportunity and that's what really happens. Stocks and crypto correlated again, so I'm not surprised, unless there is a big dump in the price which didn't happened.
People are just over reacting on the situation and make Trump's tweet as big deal but actually I don't think it make sense to relate those things on the market condition since we all see this already happening and after what you see a blood bath experience trader really react and buy but the weak hander will crazily dump. But same as you I'm not surprised about this and didn't expect more deeper.
No more swing.
This gonna be a turn up point where the next achievement is $100k as we have waited for too long since our last skyrocketing moment in 2017-2018.
Let's end the terrible 2020 with a $30k breakout and seeing 2021 as another year for bitcoin to hit all time high multiple times.
Cannot see any other rejection at $12k or $15k , this time shall pass.
This gonna be a turn up point where the next achievement is $100k as we have waited for too long since our last skyrocketing moment in 2017-2018.
Let's end the terrible 2020 with a $30k breakout and seeing 2021 as another year for bitcoin to hit all time high multiple times.
Cannot see any other rejection at $12k or $15k , this time shall pass.
I’m not sure the end of 2020 will be so strong that we’ll see $30,000 or similar but 2021 will be a big breakout year. I think we’ll see over $100,000 by the end of 2021.
Well, Btc needs something to make a 2017-ish bullrun for the remaining more than 2 months this year to achieve that $30,000 that you mentioned. But, IMO most probably Btc will be in a $15,000 range just before this year ends base on the current condition today.
While everyone is expecting a bullish 2021, but I still doubt if Btc would really hit that $100,000 next year If the pandemic is still present.
Nah, there's other reason behind that bitcoin small dip. Not all of Trump's tweet will have am impact with bitcoin's flow of price. I will believe of this cause of spike was that of the pandemic or the movement or selling of companies who owns many bitcoins. But just as thst of the tweet? I don't think so.
I have the same thought.
It might have a little though but not everything.
Trump always had that impact with investors. They are following him. Heck, they would even fund him to win. Not that he needs it.
It might just be a coincidence that a fall will suddenly happen.
Besides, he uses Twitter too much. Does that mean everything he says will connect to the financial industry?
Just a small dip that it, after that tweet the market seems to be on a pump slicing $11k and now the price is already sustained it self as it move to $11,400++. So it might have an impact but investors are smarter than that, if they see "blood on the streets", definitely a buying opportunity and that's what really happens. Stocks and crypto correlated again, so I'm not surprised, unless there is a big dump in the price which didn't happened.
Nah, there's other reason behind that bitcoin small dip. Not all of Trump's tweet will have am impact with bitcoin's flow of price. I will believe of this cause of spike was that of the pandemic or the movement or selling of companies who owns many bitcoins. But just as thst of the tweet? I don't think so.
I consider it as normal impact of global health crisis and not with Trump's statements. Social media outbreak sometimes overfeed us with different information, we can't rely too much because it might not help us to pursue our aims for the future of our finances. Pandemic gives a good opportunity for the whales to invest their money, better take a good ride before it's too late.
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