Trump gets Covid and we Crash? - page 2.

rodskee

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Quote from: Parking_Meater on October 02, 2020, 12:32:44 AM

Like holy hell what a ride the past day has been with the bitmex stuff and now the POTUS getting covid with the first lady (they say) Everything is taking a dump.

Buy the dips though.

Then this sounds good for me?(not because people are getting covid because i hate this virus also) but the idea of the price is dumping continues.
i may have use my Budget for another altcoin to Buy Bitcoin or ethereum again.
i have waiting this for quite sometimes after missing the Hard dump last March so now i will not let this pass me again.
i will surely purchase once the price of Bitcoin fell down to 7k level.

meanwords

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Quote from: Zemomtum on October 05, 2020, 06:31:46 PM

I have looking for an enlightenment on how Trump Covid situation is affecting the crypto market and making it to have a sharp crash.

I don't know too. As far as I can see, if people like this one in the article "https://markets.businessinsider.com/news/stocks/stock-market-trump-coronavirus-positive-investment-chief-hedging-volatility-strategy-2020-10-1029644348#" starts spreading FUD to crash the stock market, it might be a possibility that investors will transition to invest in cryptocurrency.

But it's still funny because one trivial matter and people starts spreading FUD, HYPE, FOMO to manipulate the market and in order for people like Mcdonald to fool the masses and enhance his portfolio profits.

Zemomtum

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I have looking for an enlightenment on how Trump Covid situation is affecting the crypto market and making it to have a sharp crash.

pokeronlinestatus

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Quote from: Parking_Meater on October 02, 2020, 12:32:44 AM

Like holy hell what a ride the past day has been with the bitmex stuff and now the POTUS getting covid with the first lady (they say) Everything is taking a dump.

Buy the dips though.

Wow, I was surprised when I saw this topic, even had to head to Google and do research to know whether it’s true or not. This is very bad man, and not just only him, his wife also has the virus. This is going to have an effect on the US economy for sure, and things will go down.

Although the economy is not something that we should be worried about; the most important thing here is his health, we are all aware that Trump is not a young man, he’s already above seventies, and Coronavirus is always critical in those who are old. I hope that he recovers from it.

3meek

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God, save BTC!

Quote from: LogitechMouse on October 03, 2020, 04:03:39 AM

Quote from: nutildah on October 02, 2020, 12:44:32 AM

The price of BTC is inextricably tied to the stock market because of the institutional investors that hold and trade a lot of bitcoin. As bitcoin is considered to be the highest risk asset by Wall Street, it tends to get sold off first any time there is a bit of panic or uncertainty in the market. This time around the uncertainty is due to Trump's unexpected diagnosis.

Both the price of BTC and stock market are somewhat correlated so if the stock market goes down then so is Bitcoin.
Include also the fact that Bitmex has charges right which also affects the crypto market as a whole.

Many didn't expect for the US president and his wife being tested positive for the virus so the market right now is kinda uncertain. I also saw a tweet saying that "Cash is King" although I can't share the link here. There must be something that will happen in the next few weeks :X.

Bitcoin has been following the stock market lately because many institutional investors have this asset... But I hope that one day they will be punished and the price of Bitcoin will go against Wallstreet!

As for Trump, this is either another manipulation and attraction of attention, or nothing terrible will happen to him!

LogitechMouse

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Quote from: nutildah on October 02, 2020, 12:44:32 AM

The price of BTC is inextricably tied to the stock market because of the institutional investors that hold and trade a lot of bitcoin. As bitcoin is considered to be the highest risk asset by Wall Street, it tends to get sold off first any time there is a bit of panic or uncertainty in the market. This time around the uncertainty is due to Trump's unexpected diagnosis.

Both the price of BTC and stock market are somewhat correlated so if the stock market goes down then so is Bitcoin.
Include also the fact that Bitmex has charges right which also affects the crypto market as a whole.

Many didn't expect for the US president and his wife being tested positive for the virus so the market right now is kinda uncertain. I also saw a tweet saying that "Cash is King" although I can't share the link here. There must be something that will happen in the next few weeks :X.

mindrust

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Quote from: pixie85 on October 02, 2020, 04:42:45 PM

The S&P crash coincided with the news about charges against bitmex. Also one of the people involved in the exchange was arrested, the others were not because they were outside the US.

There's nothing to worry about. Such news 2 or 3 years ago would take us down by at least 10%. The market is more mature and less volatile now than was a few years ago.

Bitmex is cancer and should go down asap. But then, there are so many cancers in crypto (like Tether. There are also others coming to surface recently.) It is impossible to fight them all.

Quote from: pixie85 on October 02, 2020, 04:42:45 PM

Who would nuke another nuclear superpower? Only someone with a death wish.

China might not be as strong as you think it is.

Maybe the war has already started.

Somebody or some country engineered Covid19 and released it on us. Just because countries can't throw nukes anymore doesn't mean they cannot fight in other ways.

adzino

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Quote from: Parking_Meater on October 02, 2020, 12:32:44 AM

Like holy hell what a ride the past day has been with the bitmex stuff and now the POTUS getting covid with the first lady (they say) Everything is taking a dump.

Buy the dips though.

The price has nothing to do with trump or the first lady. I doubt even if anyone of them dies, the price is going to crash. Like, why would that even happen? And is that "everything" you are taking about that is taking a dump? I price of bitcoin just fell by few dollars and you are saying that is a dump? Lol, that is totally normal. Or are you just trying to spread fear among holders and make them panic sell, idk for your own gain maybe?
And trump will be out of the hospital in no time.

Maslate

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Quote from: michellee on October 03, 2020, 01:58:24 AM

I hope the crypto market is not getting the impact of that news. We see on the market that the bitcoin price is going down again because the red line has come back to the market. I hope that this time will be another correction for bitcoin price, and it does not go down for deeper. But we have more chances to buy bitcoin at a low price, so I think that we should use this time to buy it again. I hope everything will be fine, and we can still make a profit.

There was an impact but we can stomach the impact because we trust the market will not crash.

What are we doing? We should not panic, we should look at the opportunity to buy the dip, man, that's old school, same method, same result, (success). Grin

michellee

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I hope the crypto market is not getting the impact of that news. We see on the market that the bitcoin price is going down again because the red line has come back to the market. I hope that this time will be another correction for bitcoin price, and it does not go down for deeper. But we have more chances to buy bitcoin at a low price, so I think that we should use this time to buy it again. I hope everything will be fine, and we can still make a profit.

F_Societys

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Maybe this is a game and he wants to stir up the atmosphere during the elections and use the policy of this work to his advantage.

Anonylz

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Even if every market crash is as a result of something from the top, Trump getting covid-19 should not even be considered as part of it, how is this even related! Trump is not fan of btc has no direct significant relationship to market behaviour, then how can this affect price, between is the economy badly affected because Trump contacted covid-19? This should not have any effect on the economy or with crypto, @op stop making unnecessary assumptions.

Rafiqul

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Economy is directly involved with politics; Cryptocurrency is also a part of the economy. The Trump couple recently contracted the corona virus and Trump himself tweeted it. As a result, it has an adverse effect on the crypto market, including the stock market. As a result, the price of Bitcoin and other cryptocurrencies has dropped, but I don't think it will last long. However, in the current market situation, it is time for investors to buy Bitcoin and other coins.

shoreno

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Quote from: UmerIdrees on October 02, 2020, 11:35:17 PM

Quote from: Parking_Meater on October 02, 2020, 12:32:44 AM

Like holy hell what a ride the past day has been with the bitmex stuff and now the POTUS getting covid with the first lady (they say) Everything is taking a dump.

Buy the dips though.

We need to understand that these drops are just temporary and won't last long. For those who are wanting to take entry in bitcoin, this might be anohter good opportunity.
Also i wish Gel Well Soon to both the president and his wife from covid - 19.

its nice to hear that you arent against those people because your comment isnt harsh than the other . what i like the most is when you give useful tip on btc . indeed that dips are a good entry point. drops are temporary but the drops can take place from time to time , i think thats better because atleast there is atleast small room to breath in . they say bitmex exchange gets hacked , arent you wishing it to recover ? or you just forgot it . i dont know whats the meaning of potus ( as op said ) but it sounds a disrespect .

UmerIdrees

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Quote from: Parking_Meater on October 02, 2020, 12:32:44 AM

Like holy hell what a ride the past day has been with the bitmex stuff and now the POTUS getting covid with the first lady (they say) Everything is taking a dump.

Buy the dips though.

We need to understand that these drops are just temporary and won't last long. For those who are wanting to take entry in bitcoin, this might be anohter good opportunity.
Also i wish Gel Well Soon to both the president and his wife from covid - 19.

UserU

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Quote from: MCobian on October 02, 2020, 04:57:50 PM

I was quite surprised when President Trump was reported positive for COVID-19, then made Stocks and Bitcoin prices fall,
but I don't panic seeing the market go down. Because I believe the Bitcoin price will go up again. Only newbies and weak
investors are affected by the news that President Trump has tested positive for COVID-19, then panicked and sold the Bitcoin
they had.

He should have seen it coming. Kept downplaying the need to wear masks and even poked fun at Joe Biden for wearing one.

sheryllanka

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donald trumps test positive result from covid 19 but bitcoin will not affect on this case,market will not belong to a virus and usa government we cannot stop bitcoin to their country for trumps infected with this covid 19

CryptopreneurBrainboss

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This just reminded me of a tweet from Robert kiyosaki (the billionaire Investor and recent fan boy of bitcoin) some days back highlighting a possible crashed in market as a result of a second wave of coronavirus pandemic and the next thing is, it comes for the first family.

I'm not surprise though as in my assumptions these are are just manipulation by the elites to control the market in the favour. The negative news are just used to create fud among the community. The Kucoin hacked that's directly related to the industry, had no impact on the market, how then should the bitmex exchange cto getting arrested or trump's health having any impact when it's no way related to the industry.

Don't be decieve though as the market can be pushed back up any moment as a result of their selfish agenda, it's preferable to just hold unto your coins than thinking you can outsmart the market especially as some much manipulation is currently in moment, you just might be left behind when the bull train kicks off.

verita1

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Quote from: ololajulo on October 02, 2020, 02:30:12 AM

No news of Trump getting the infection, only Ivanka got the infection at the moment. I can count several incident in September/ October that should have dump the market so badly after the sushi hack but the dump was mild. Second Defi exit scam, Kucoin hack, Rumour on stock market dump, Bitmex refund, Salt ICO refund, They are related to daily crypto trading and could not dump the market. IMO it looks more bullish

Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!

https://twitter.com/realDonaldTrump/status/1311892190680014849?s=19

I am equally optimistic that Bitcoin will continue its bull run despite the nervousness that we all suffer at any moment. We have gained a lot since the beginning of the pandemic and we will maintain the conviction that the price will not fall.

Zemomtum

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Nothing has really affected the price of BTC as it still holds the 5.5k price level unshaken despite the Kucoin hack, BitMex lawsuit and Trump COVID-19 infection.

Topic: Trump gets Covid and we Crash? - page 2. (Read 914 times)