Trade wars to bring Bitcoin to 100k | Bitcointalksearch.org

Suslura

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Quote from: btcone111 on March 28, 2018, 05:17:20 AM

No I don't think so.
trade wars will bring stock market down and bitcoin was already shown to be positively correlated with stock market.
So if stock market goes down a lot more, bitcoin will also go down a lot more.

popularity on Bitcoin is already understated and the demand in the market is quite low. This all affects the pricing of all the crypto currency very sharply. I do not at all hope that this year 2018 there will be some positive changes.

btcone111

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No I don't think so.
trade wars will bring stock market down and bitcoin was already shown to be positively correlated with stock market.
So if stock market goes down a lot more, bitcoin will also go down a lot more.

exstasie

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Quote from: Wind_FURY on March 26, 2018, 12:52:42 AM

Quote from: exstasie on March 25, 2018, 02:50:24 AM

Quote from: Wind_FURY on March 25, 2018, 12:33:10 AM

OP, can you be specific in what you call "trade wars"? Please cite which economic policies made by the Trump administration will affect Bitcoin and then we can connect the dots and start a proper discussion.

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

For now it's just posturing, but China's response sparked fears of an incoming trade war:

Quote

Beijing signalled its readiness to go toe-to-toe with US President Donald Trump's campaign of tariffs against China on Friday, proposing new levies on 128 American imports that heightened market fears of a looming trade war between the world's largest economies.

Thanks.

But in a way, would you blame Trump on what he's trying to do? I believe he wants to build "US Steel" back to its former glory. There is nothing wrong about that.

He's just posturing himself. He's an outsider surrounded by vultures and he's desperate to reestablish his political base. Protectionist rhetoric always worked well for him because the economy is shite. Not because it will work.

It might be a near-term credit positive for domestic steel producers but it will hurt the many domestic industries that depend on steel (and aluminum) imports. That drives costs up for everyone from auto and boat makers to soup can manufacturers. It forces production costs up and holds American consumers hostage as other countries retaliate with tariffs and trade restrictions of their own.

Quote from: Wind_FURY on March 26, 2018, 12:52:42 AM

Quote

I'm skeptical that Bitcoin will see the same sort of demand since it's not an established hedge. But I won't complain if the OP is right.

The time for it to become an "established hedge" is now. Cool

I don't think so. Bitcoin is still beta; experimental. A real liquidity crisis and loss of confidence in the equity markets would probably be very bad news. An end to easy credit and easy money in the markets, and the money flows into highly speculative assets like Bitcoin? I doubt it.

ajdaj

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Quote from: mindrust on March 26, 2018, 01:20:26 AM

We are not going to see $100k before we hit the bottom first. Most of the $15k+ buyers are still holding their coins. First there needs to be some mega negative news so they can puke their coins or we need to go sideways for so long so they'll lose hope and dump their stash. Just like after Gox, but on a bigger scale. Big investors want to get in as cheap as possible. Not from the ATH prices.

It seems to me that while the continuation will exceed the demand for bitcoins on the market, we do not know of any growth in the price of a coin. Although I have such a suspicion that Gox made this situation on the market artificially and intentionally, and not simply because it was repayable with debts.

DerekVazz

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Quote from: mindrust on March 26, 2018, 01:20:26 AM

We are not going to see $100k before we hit the bottom first. Most of the $15k+ buyers are still holding their coins. First there needs to be some mega negative news to they can puke their coins or we need to go sideways for so long so they'll lose hope and dump their stash. Just like after Gox, but on a bigger scale. Big investors want to get in as cheap as possible. Not from the ATH prices.

Mega negative news that we'll see soon: USDT will turn into horse crap Cheesy

mindrust

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We are not going to see $100k before we hit the bottom first. Most of the $15k+ buyers are still holding their coins. First there needs to be some mega negative news so they can puke their coins or we need to go sideways for so long so they'll lose hope and dump their stash. Just like after Gox, but on a bigger scale. Big investors want to get in as cheap as possible. Not from the ATH prices.

blockman

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I like this by just watching what's happening in the market, holding would be the best thing to do. And with Trumps move there's a clearer side that he wants to declare what he wants to happen with the economy.

Quote from: exstasie on March 25, 2018, 02:50:24 AM

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

Trumps businessman's blood was never removed even after becoming the US president.

Quote from: EdenHazard on March 26, 2018, 01:09:20 AM

we don't know really if this world economic situation could affected to bitcoin , it maybe making the world in crisis.

It can.

EdenHazard

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Quote from: Wind_FURY on March 26, 2018, 12:52:42 AM

Quote from: exstasie on March 25, 2018, 02:50:24 AM

Quote from: Wind_FURY on March 25, 2018, 12:33:10 AM

OP, can you be specific in what you call "trade wars"? Please cite which economic policies made by the Trump administration will affect Bitcoin and then we can connect the dots and start a proper discussion.

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

For now it's just posturing, but China's response sparked fears of an incoming trade war:

Quote

Beijing signalled its readiness to go toe-to-toe with US President Donald Trump's campaign of tariffs against China on Friday, proposing new levies on 128 American imports that heightened market fears of a looming trade war between the world's largest economies.

Gold has already been hammering resistance in the $1,300s for some time, coiling for a move upwards. This might be a good catalyst:

Thanks.

But in a way, would you blame Trump on what he's trying to do? I believe he wants to build "US Steel" back to its former glory. There is nothing wrong about that.

Let's see if China can raise the tariffs on American products that they have grown to love. Hahaha.

Quote

I'm skeptical that Bitcoin will see the same sort of demand since it's not an established hedge. But I won't complain if the OP is right.

The time for it to become an "established hedge" is now. Cool

the problem here about trump act extremely, not only this one but for every single policy he made impact an instability for this peaceful world , he don't want go for diplomatic way to solve this trade problem , he does have a point but the way he deal with anything always controversial.

we don't know really if this world economic situation could affected to bitcoin , it maybe making the world in crisis.

Wind_FURY

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Quote from: exstasie on March 25, 2018, 02:50:24 AM

Quote from: Wind_FURY on March 25, 2018, 12:33:10 AM

OP, can you be specific in what you call "trade wars"? Please cite which economic policies made by the Trump administration will affect Bitcoin and then we can connect the dots and start a proper discussion.

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

For now it's just posturing, but China's response sparked fears of an incoming trade war:

Quote

Beijing signalled its readiness to go toe-to-toe with US President Donald Trump's campaign of tariffs against China on Friday, proposing new levies on 128 American imports that heightened market fears of a looming trade war between the world's largest economies.

Gold has already been hammering resistance in the $1,300s for some time, coiling for a move upwards. This might be a good catalyst:

Thanks.

But in a way, would you blame Trump on what he's trying to do? I believe he wants to build "US Steel" back to its former glory. There is nothing wrong about that.

Let's see if China can raise the tariffs on American products that they have grown to love. Hahaha.

Quote

I'm skeptical that Bitcoin will see the same sort of demand since it's not an established hedge. But I won't complain if the OP is right.

The time for it to become an "established hedge" is now. Cool

Baoo

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Actually, I agree with what you wrote, and I think what happens in this period is a drama of bitcoin through the capitalists, I am pretty sure that the trade wars will improve Bitcoin on many things, especially in the value of price, but we have to wait a while for that to happen and it is certain the we will see many good surprises in the future.

In addition to that, I think Bitcoin will rise to 100k and maybe more than that after 4 or 5 years because it is sure that in that period the majority of countries ( governments) will recognize bitcoin as a legal and single curreny , and maybe the FIAT will disappear after few years especially if bitcoin ( cryptocurrencies in general) will strong continue and success over time.

gon

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This is one very possible scenario if we see a total trade war US - China. I holding tight my coins.

We've already saw it in smaller scale in Venezuela, India and Africa in 2017.

BillyBobZorton

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Quote from: hugeblack on March 25, 2018, 07:54:51 AM

Quote from: BillyBobZorton on March 24, 2018, 11:19:44 AM

Trade wars have an impact on the global economy. It doesn't matter where you live, when the heavyweights of finance (US, Europe and Asia) are involved, you will see an impact on your local economy as well since everything is interconnected nowadays.

Economic wars are an attempt to achieve greater gains without paying anything but it's temporary wars that end when the parties begin to feel losses.
Now Trump is making a number of exemptions for many European countries.

Quote from: BillyBobZorton on March 24, 2018, 11:19:44 AM

Bitcoin is no different, the Bitcoin price is subjected to what happens at the geopolitical table, and since it's a neutral global asset, it should go up. So while we have Trump screwing around with his trade wars, we can benefit by holding Bitcoin and watching the fireworks on the sidelines as countries print more money. We should be going to 100k in the following years as a result. Forget about coffee with Bitcoin, this is where Bitcoin will shine.

Personally keeping/holding bitcoins because its price will rise to 100,000$ is just a failed plan, It is also not considered a safe haven when the price falls, but gold and yen.
I think the price of gold will rise to record levels soon

Gold is insanely manipulated, the futures market is how they control gold, as well as frauds on the reports of the supply. Im sure that there's a lot of unreported miners that TPTB knows. They can't do this with bitcoin.

Also, there's nothing safe about a haven that can be confiscated from you the moment you attempt to cross a border. Bitcoin is superior and it will shine once people realize these facts. Just let Bitcoin reach the marketcap of gold and it will naturally be less volatile.

hugeblack

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Quote from: BillyBobZorton on March 24, 2018, 11:19:44 AM

Trade wars have an impact on the global economy. It doesn't matter where you live, when the heavyweights of finance (US, Europe and Asia) are involved, you will see an impact on your local economy as well since everything is interconnected nowadays.

Economic wars are an attempt to achieve greater gains without paying anything but it's temporary wars that end when the parties begin to feel losses.
Now Trump is making a number of exemptions for many European countries.

Quote from: BillyBobZorton on March 24, 2018, 11:19:44 AM

Bitcoin is no different, the Bitcoin price is subjected to what happens at the geopolitical table, and since it's a neutral global asset, it should go up. So while we have Trump screwing around with his trade wars, we can benefit by holding Bitcoin and watching the fireworks on the sidelines as countries print more money. We should be going to 100k in the following years as a result. Forget about coffee with Bitcoin, this is where Bitcoin will shine.

Personally keeping/holding bitcoins because its price will rise to 100,000$ is just a failed plan, It is also not considered a safe haven when the price falls, but gold and yen.
I think the price of gold will rise to record levels soon

exstasie

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Quote from: Wind_FURY on March 25, 2018, 12:33:10 AM

OP, can you be specific in what you call "trade wars"? Please cite which economic policies made by the Trump administration will affect Bitcoin and then we can connect the dots and start a proper discussion.

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

For now it's just posturing, but China's response sparked fears of an incoming trade war:

Quote

Beijing signalled its readiness to go toe-to-toe with US President Donald Trump's campaign of tariffs against China on Friday, proposing new levies on 128 American imports that heightened market fears of a looming trade war between the world's largest economies.

Gold has already been hammering resistance in the $1,300s for some time, coiling for a move upwards. This might be a good catalyst:

I'm skeptical that Bitcoin will see the same sort of demand since it's not an established hedge. But I won't complain if the OP is right.

magneto

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Quote from: BillyBobZorton on March 24, 2018, 11:19:44 AM

Trade wars have an impact on the global economy. It doesn't matter where you live, when the heavyweights of finance (US, Europe and Asia) are involved, you will see an impact on your local economy as well since everything is interconnected nowadays.

Bitcoin is no different, the Bitcoin price is subjected to what happens at the geopolitical table, and since it's a neutral global asset, it should go up. So while we have Trump screwing around with his trade wars, we can benefit by holding Bitcoin and watching the fireworks on the sidelines as countries print more money. We should be going to 100k in the following years as a result. Forget about coffee with Bitcoin, this is where Bitcoin will shine.

It doesn't even need to be that complicated.

Just consider this, bitcoin demand is probably going to continue growing for a few decades, while the supply of bitcoin is governed strictly by code which cannot be changed, and inflation rates are going to stay extremely low to the point where it's pretty much 0% inflation.

People around the world will start using BTC as a hedge against the fiat economy and currency as a result of this decentralisation of power. And again, this boosts demand in the coming decades in my opinion.

$100k could definitely be possible given a decade or two, it's not as absurd as some people think just because we're stuck in a bear cycle at the moment.

Suslived

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Quote from: BillyBobZorton on March 24, 2018, 11:19:44 AM

Forget about coffee with Bitcoin, this is where Bitcoin will shine.

Haha. Catchy line. But forget about coffee with Bitcoin? I for one, would still think it be best if bitcoin was used for everything, trading, shopping, dining, real-estate, government, etc. My dream for bitcoin is for it to become the GLOBAL currency. Same what the european union did when they invented the euro. Instead of it being just europe this time, it will be the whole world. Why not?

liamnorthcoins

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Quote from: Nick Abimanyu on March 24, 2018, 02:56:37 PM

I believe what you say that bitcoin will reach $ 100K altitude in the future so until now I keep holding it. Actually, a trade war not just happening to the real world in the world of crypto is also the same. The proof, dozens of new coins and dozens of ICO projects keep popping up everywhere as if they're going to compete and fighting to be the best and hoping to come out as winners.

It is gambling all the same you know, it is actually helping bitcoin to become more popular. So for as long as it promotes cryptocurrency i have nothing up against what they do. Well, they got to do what they do and i have to do mine😊 Right now im really planning to make my investments in cryptocurrency bigger because i know it is going to getting huge and brighter.

Wind_FURY

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OP, can you be specific in what you call "trade wars"? Please cite which economic policies made by the Trump administration will affect Bitcoin and then we can connect the dots and start a proper discussion.

dado7

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Quote from: BillyBobZorton on March 24, 2018, 11:19:44 AM

Trade wars have an impact on the global economy. It doesn't matter where you live, when the heavyweights of finance (US, Europe and Asia) are involved, you will see an impact on your local economy as well since everything is interconnected nowadays.

Bitcoin is no different, the Bitcoin price is subjected to what happens at the geopolitical table, and since it's a neutral global asset, it should go up. So while we have Trump screwing around with his trade wars, we can benefit by holding Bitcoin and watching the fireworks on the sidelines as countries print more money. We should be going to 100k in the following years as a result. Forget about coffee with Bitcoin, this is where Bitcoin will shine.

It's not just that. While in order to get Bitcoin to 100.000 USD, it should increase 11-12x in value, the same rally would drive some altcoins by 20-50x, and I am talking only about the leading ones, if we would have a lucky shot with some of those that are currently out of top 25...... vow!

(I am not mentioning "top 10" but rather "top 25" at the moment as all of those are really solid and the situation in the market is quite different than it was just a few months ago.)

Andrene

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100k is not far in no matter what scenario. With the whole market above few trillions, we could see that price.
Serious money is not yet invested here, so hold on.

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