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 589 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.
Just to review, prices (both BTC and stocks) have been strongly trending upwards since this tweet:
A reminder not to focus too much on intraday price action.
Trump is actually waffling, blaming Pelosi and even his Treasury Secretary for not getting a stimulus bill passed. The biggest holdup appears to be Senate Republicans, namely Mitch McConnell. Trump wants stimulus checks, McConnell doesn't.
https://www.cnbc.com/2020/10/15/mnuchin-says-hell-give-ground-on-virus-testing-in-stimulus-negotiations-with-pelosi.html
https://www.newsweek.com/mcconnell-remains-stuck-mini-stimulus-that-excludes-checks-trump-democrats-inch-toward-deal-1539548
A reminder not to focus too much on intraday price action.
Trump is actually waffling, blaming Pelosi and even his Treasury Secretary for not getting a stimulus bill passed. The biggest holdup appears to be Senate Republicans, namely Mitch McConnell. Trump wants stimulus checks, McConnell doesn't.
https://www.cnbc.com/2020/10/15/mnuchin-says-hell-give-ground-on-virus-testing-in-stimulus-negotiations-with-pelosi.html
https://www.newsweek.com/mcconnell-remains-stuck-mini-stimulus-that-excludes-checks-trump-democrats-inch-toward-deal-1539548
To be honest, I do not think too much about the small dip in bitcoin in these few days because I feel that the bitcoin price will be back to the high price.
Even if the bitcoin price is down near $11k, it will bounce up to the high price. And it is proved that now the bitcoin price can back to the $11,400.
Bitcoin price now seems to have a fast move because the order buys and order sells change differently than a few days ago. So we have a chance to see the increases in this weekend or next week.
I hope that the price will still go up and break $11,500 because that price will be difficult to break for now.
But I still prepare myself, just in case the price is down because of the flash dump that can happen to the market. I am sure that people will take their profit because of this increase.
Even if the bitcoin price is down near $11k, it will bounce up to the high price. And it is proved that now the bitcoin price can back to the $11,400.
Bitcoin price now seems to have a fast move because the order buys and order sells change differently than a few days ago. So we have a chance to see the increases in this weekend or next week.
I hope that the price will still go up and break $11,500 because that price will be difficult to break for now.
But I still prepare myself, just in case the price is down because of the flash dump that can happen to the market. I am sure that people will take their profit because of this increase.
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?
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I don't think trump tweet is really making the price of bitcoin falling drastically, the price just dropped from $10700-10550, with just a falling percentage of about 1.42% that's just a little falling difference that wouldn't bring huge loss on traders,
Trump's tweets had sometimes in the past had its impact on the price of bitcoin as whales wait to feeds on the energy the tweets possess either to dump on the market and drive it price downward or pump as a result of FOMO been the emotions of the day. The scenario here though wasn't the case as there was no fud in the market caused by the tweet rather it was just a mere genuine market correction. No crypto news media reported on the tweet and if they did it didn't trend, which is one of the easy qays to identify when trump's tweets are likely going to influence the market.
In regards to your assumption of the traders not losing much, that ideology of false. Spot trading is just one of the many means of trading bitcoin. We have other options that possess more risk and greater rewards like margins and future trading. We had users that were longing bitcoin when they declined in price occured they most have been rekted seriously.
They could have had their margin set at 3x to 19x and above which means they'll be lossing triple or 15 times more if the market was to go against their trade which did happen assuming they were longing (buying) when this crash 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 don't think trump tweet is really making the price of bitcoin falling drastically, the price just dropped from $10700-10550, with just a falling percentage of about 1.42% that's just a little falling difference that wouldn't bring huge loss on traders,
The recent spike in bitcoin to $11500 is because of the total number of bitcoin purchased by twitter owner $150M worth of btc. Had anybody really think about this?
The recent spike in bitcoin to $11500 is because of the total number of bitcoin purchased by twitter owner $150M worth of btc. Had anybody really think about this?
Funny thing is, dude doesn't want the stimulus check until the election is over but he wants to elect the new SCOTUS so that the court would be packed.
This way, he comes into the election and/or leaves office as a conservative hero. He can guarantee a conservative replacement for Ginsburg, and act like he's tough on spending. I get it.
And stimulus check? Not giving it to people right now is basically a way of saying "Biden won't, but I will if you elect me, otherwise you are screwed" and nothing else, dude is a major idiot, Biden would do it in a heartbeat with ton more money to people who need it.
Oddly enough, the Biden campaign has refused to say one way or the other regarding a second round of stimulus checks. They keep saying they'll review the situation in January. His plan does include upping Social Security and unemployment benefits though, and I'm sure any Democrat plan would spend much more than a Republican one.
That's the interesting question to me about a Biden presidency. It means more federal spending and more financial relief for citizens and taxpayers, but it also means less business friendly policies and probably a rollback of the Trump tax cuts. That's a tricky combination and I wonder how the markets are going to interpret it.
Funny thing is, dude doesn't want the stimulus check until the election is over but he wants to elect the new SCOTUS so that the court would be packed. Dude probably doesn't even care about it, considering in either 1 month or in 4 years dude would be out and since he is a known huge narsisistic person he doesn't care about if scotus is filled with conservative judges or liberal judges, that is not something he cares about, he doesn't see the world republican vs democrat like many politicians do, he sees it me vs them and the moment his job is done dude would probably be fine with filled liberal scotus seats as long as he is not bothered.
And stimulus check? Not giving it to people right now is basically a way of saying "Biden won't, but I will if you elect me, otherwise you are screwed" and nothing else, dude is a major idiot, Biden would do it in a heartbeat with ton more money to people who need it.
And stimulus check? Not giving it to people right now is basically a way of saying "Biden won't, but I will if you elect me, otherwise you are screwed" and nothing else, dude is a major idiot, Biden would do it in a heartbeat with ton more money to people who need it.
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.
IMO the connection doesn't go run deeper to be at this point, I mean we are talking about Donald Trump here who has been judged for several of his statements in the past so this tweet about rejecting another round of stimulus payments isn't really about cryptocurrencies at all. I don't even think that he is thinking about cryptocurrencies when typing about that tweet. Aside from that you will see that other markets are affected as well so maybe the real reason here is after they got a confirmation of another stimulus payment not going to happen people who really need the money are liquidating their assets and that is what that triggers the sell off in majority of the markets.
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.
I will be surprised to the core if we could reach the all time high valuation by the end of this year let alone a sixty percent increase from the current valuation 
. You are predicting that the price of bitcoin will cross $100,000 by the end of 2021 which is 88 percentage from the current valuation and even if that happens which is an impossible task i will be more worried about the transaction charges which nullifies everything as no one in the right sense will be spending $30 per transaction . 
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.
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:
same behaviour in the stock market:
Source: https://finance.yahoo.com/
thoughts?
I do not see the correlation between those events, people in my opinion put too much attention to the news to try to explain what is happening when the most simple explanation is that there was a drop in the demand which created a small dip on the price and then a few days later the market of cryptocurrencies recovered, it is precisely because of the difficulty of trying to guess which news has an effect on the market and which does not that I left that kind of trading behind and now I only care about what it is happening on the charts. https://twitter.com/realDonaldTrump/status/1313551794623127552 (Click to read the thread)
a few minutes later, BTC price went down:
same behaviour in the stock market:
Source: https://finance.yahoo.com/
thoughts?
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.
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.
Bitcoin didn't affect that much in any news before that where made by government like in stock market unless it includes rejecting or banning BTC in their country or provides specific rules for it, but now since many were shifted in crypto it tends to be affected too much by anything that is happening in crypto as whales were playing it the way like how they do it in stock market. Before prices were affected by crypto news related and adoption purposes, now it have a also have a ripple effect in every government issue or any issue that is popular even its not much related in crypto. There might be some price movement but we cant point out fingers if those are the effects on the current events that been happening in politics.Well, it might really have
that possibility but all of those are just presumptions because there are traders or investors do really make use of fundamentals or news when it comes to their decisions
into their crypto investment but overall its still an unsure thing for us to rely on everytime there are events like this. Small dip or Big dip will neither have reasons
or nothing at all.
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.
Bitcoin didn't affect that much in any news before that where made by government like in stock market unless it includes rejecting or banning BTC in their country or provides specific rules for it, but now since many were shifted in crypto it tends to be affected too much by anything that is happening in crypto as whales were playing it the way like how they do it in stock market. Before prices were affected by crypto news related and adoption purposes, now it have a also have a ripple effect in every government issue or any issue that is popular even its not much related in crypto. Thats just today back above weekly average and a trend, have to call BTC in a positive phase right now.
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.
It dipped but this is an immediate reaction to negative sentiment, more reliable is a regular process up or down. Seems like price action has turned positive today, its beating something of a negative trend over the medium term and its done so on volume so going into the weekend its going something to build on and possibly gain.
The sell shown in the OP goes down to 10500 and roughly stays above, seems like that was some hint to a positive.
Thats just today back above weekly average and a trend, have to call BTC in a positive phase right now.
The sell shown in the OP goes down to 10500 and roughly stays above, seems like that was some hint to a positive.
Thats just today back above weekly average and a trend, have to call BTC in a positive phase right now.
And then today's even bigger spike in the other direction, and if I'm to believe it, this is because Dorsey plopped in another $50M on Bitcoin. How does that create a bigger wave than Trump's bad news I wonder?
Still, I'm not one to complain! 11k just as we enter 4th Quarter isn't so bad.
Still, I'm not one to complain! 11k just as we enter 4th Quarter isn't so bad.
The real trouble is not even 1.6 or 2.4 discussion, the real trouble is there is sooooo much money going towards companies and so little of it goes towards the people. There are families getting this stimulus check and that is a good thing government is doing this but about 10x of it also goes to companies, when you are giving 1 dollar to public (total) and giving 10 dollars to companies, you are not helping the public, you are just saving your capitalist friends.
In reality I feel like the best way to go would be giving 10 to people and 1 to companies so that those people could spend their money on these companies and if the companies are really needed and good ones, they could potentially get that 10 from people as they would be customers anyway, but if they don't, let them bankrupt.
In reality I feel like the best way to go would be giving 10 to people and 1 to companies so that those people could spend their money on these companies and if the companies are really needed and good ones, they could potentially get that 10 from people as they would be customers anyway, but if they don't, let them bankrupt.
Most likely whales trying to use this news to sell a load of coins in the hope weak hands & noobs panic & sell too.
Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
For the same reason the market cares about Fed cash injections.
Stimulus money directly affects supply and demand of investment assets. If you give investors free money, 2 things happen: they are less pressured to sell assets like stocks or BTC to pay the bills (less supply) and they may have extra disposable income now to invest in assets like stocks or BTC (more demand). Less supply and more demand = higher prices.
The market has been operating for months on the assumption that additional stimulus injections are coming. It was priced in. If stimulus is no longer going to happen, investors might price that in as well.
The market has been closely following the events of the presidential run on the US lately. It’s as if most traders are banking on the events that are happening on the US soil, so much so that the graphs of bitcoin wildly resembles that of the stock market’s. Trump rejecting the $2.4T deal, and just wanting to wait until the elections are over to give the stimulus fund would surely garner negative reactions from all fronts. No stimulus fund = no money for the Americans, and no money = not a stimulated economy. We all know that a huge percent of those who received the fund bought bitcoin, so it’s likely that some whales are using this no-deal to condition the market, just like waht they did on the previous stimulus talks.
Honestly the reason why bitcoin went down doesn't make sense, if Trump accepts 1.6 trillion one that means people will get money, if he finally caves in and accepts 2.4 trillion (which he won't) people will get even more money.
All in all in both scenarios people are getting money and dollar is losing value, both of them combined makes bitcoin go up. Thankfully bitcoin is over $10.6k right now, so it is not as bad as you might see on that picture, it may have dropped a bit but it has recovered very well too so I do not think it matters that much.
However if it really happens, 1.6 trillion in the market makes dollar less valuable due to having some more of it, and also makes bitcoin more valuable because some may use it to buy bitcoin while there is no reason to sell it.
All in all in both scenarios people are getting money and dollar is losing value, both of them combined makes bitcoin go up. Thankfully bitcoin is over $10.6k right now, so it is not as bad as you might see on that picture, it may have dropped a bit but it has recovered very well too so I do not think it matters that much.
However if it really happens, 1.6 trillion in the market makes dollar less valuable due to having some more of it, and also makes bitcoin more valuable because some may use it to buy bitcoin while there is no reason to sell it.
All this will always be used by whales, if we just follow their thinking we could achieve a lot, and we have it at a glance:
Bad News = Buy Bitcoin, why?
Because weak hands will always be carried away by any news, panic is what moves them the most, and there is nothing better than buying when millionaires buy, it is the best way to obtain long-term profits.
Bad News = Buy Bitcoin, why?
Because weak hands will always be carried away by any news, panic is what moves them the most, and there is nothing better than buying when millionaires buy, it is the best way to obtain long-term profits.
If this tweet has really something to do with the sudden drop, then it means the crypto market is influenced by powerful leaders like Trump. What if the tweet comes from a third world country president? I don't think it will have an impact in crypto market. But I am still wondering if this kind of tweet has really impact in crypto. Is it just coincidence and there are other underlying factors why bitcoin drop a lil bit?
Not so much trump, but the money printer effects the price of Bitcoin. When he said "no stimulus deal" it means the money printer is not being turned on High.
If every country stopped printing money, or even just the USA, it could probably crash bitcoin. But that would never happen because the country itself is in so much debt and its only way to manage the debt is to print trillions
Most likely whales trying to use this news to sell a load of coins in the hope weak hands & noobs panic & sell too.
Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
Indeed, whales are moving on every US news and this statement of Trump should not affect bitcoin directly but since people created panic to make bitcoin more cheap, this news becomes a big deal for cryptomarket. I wonder how this tweet affects the presidential campaign of Trump, looks like he’s on a recovery mode.Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
I don't care what they say.
All I know is that whether the price of Bitcoin fell or rise, it is both favorable for most of us. People will reinvest, people will sell, at the end of the day that price will just go back to the way it was. This movements is a bit annoying since someone is making these statements that have an effect to people but as far as I know, this community is thick and strong.
Most likely whales trying to use this news to sell a load of coins in the hope weak hands & noobs panic & sell too.
Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
It's true. Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
Whenever there were tweets or news and events that's like this. The whales do take action and this time, it's the negative action that they've made. And for the speculators, they'll also come and think that every news again will have an equal reaction for the bitcoin market.
Also, the relativity of stocks and bitcoin will be having the same thought again.
But for bitcoin, a $100-$200 fall isn't that much. We're used to these dips.
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.
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?
The fall in the bitcoin price so far is not much, I do not think this should be a matter of discussion, assuming the price really dropped, it would have attract analysts. I do not think the fall is as a result of Trump's tweet at all. Bitcoin have been moving in this prices trends for months now, it should not be any surprise at all, bitcoin is still doing well with a support at $10000.
The fall might not be massive as you rightly said however the price was around $10700 before the tweet and now $10540, I believed the tweet had an instant impact on prices of stock likewise, both prices fell exactly at the same time when the tweet was released this really reinforce the fact importance of fundamental news in the stock or cryptos can not be overemphasized I hope the price doesn't drop down below $10K and continue to maintain its stability above $10K.If this tweet has really something to do with the sudden drop, then it means the crypto market is influenced by powerful leaders like Trump. What if the tweet comes from a third world country president? I don't think it will have an impact in crypto market. But I am still wondering if this kind of tweet has really impact in crypto. Is it just coincidence and there are other underlying factors why bitcoin drop a lil bit?
Trump is such as an irresponsible guy, at least that's one way to describe him. The stuff he blurbs out and what he does are so immature, so unlike a leader and what frustrating most of all is that his reckless actions have all these other domino-effects on the rest of the economy. This comes in shape of both the traditional stocks and shares market and now as crypto as well.
The country known to be the most powerful in the world is US and her President is also known as the most powerful in the world. Then w need to know that his speech or action is also powerful. Meanwhile, Trump is not the only American President that has caused certain changes because of making tweets. Obama also caused the forex market to tumble by making little tweets.
Most likely whales trying to use this news to sell a load of coins in the hope weak hands & noobs panic & sell too.
Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
Indeed, whales are moving on every US news and this statement of Trump should not affect bitcoin directly but since people created panic to make bitcoin more cheap, this news becomes a big deal for cryptomarket. I wonder how this tweet affects the presidential campaign of Trump, looks like he’s on a recovery mode. Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
Most likely whales trying to use this news to sell a load of coins in the hope weak hands & noobs panic & sell too.
Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
Quite embarrassing behaviour if so, I don’t see why the market should care if Americans aren’t getting more free money imminently.
The fall in the bitcoin price so far is not much, I do not think this should be a matter of discussion, assuming the price really dropped, it would have attract analysts. I do not think the fall is as a result of Trump's tweet at all. Bitcoin have been moving in this prices trends for months now, it should not be any surprise at all, bitcoin is still doing well with a support at $10000.
The fall might not be massive as you rightly said however the price was around $10700 before the tweet and now $10540, I believed the tweet had an instant impact on prices of stock likewise, both prices fell exactly at the same time when the tweet was released this really reinforce the fact importance of fundamental news in the stock or cryptos can not be overemphasized I hope the price doesn't drop down below $10K and continue to maintain its stability above $10K.
Trump is such as an irresponsible guy, at least that's one way to describe him. The stuff he blurbs out and what he does are so immature, so unlike a leader and what frustrating most of all is that his reckless actions have all these other domino-effects on the rest of the economy. This comes in shape of both the traditional stocks and shares market and now as crypto as well.
There are just so many more consequences that this guy causes without taking any responsibility at all, because he's already a millionaire and he can say whatever he wants without incurring any repercussions himself. The US political turmoil will no doubt continue to affect the markets. Here is an insight of some potential outcomes.
There are just so many more consequences that this guy causes without taking any responsibility at all, because he's already a millionaire and he can say whatever he wants without incurring any repercussions himself. The US political turmoil will no doubt continue to affect the markets. Here is an insight of some potential outcomes.
The fall in the bitcoin price so far is not much, I do not think this should be a matter of discussion, assuming the price really dropped, it would have attract analysts. I do not think the fall is as a result of Trump's tweet at all. Bitcoin have been moving in this prices trends for months now, it should not be any surprise at all, bitcoin is still doing well with a support at $10000.
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?
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?
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