Trump gets Covid and we Crash? - page 3.

eaLiTy

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Quote from: seoincorporation on October 02, 2020, 05:53:33 PM

The markets haven't seen the impact of this news yet, but for sure a crash is coming, the next 40 days will be madness in the markets, so play it smart and catch the right waves.

What is going to happen in the next 40 days in your opinion, anything major coming up for you to come to a conclusion. The BTCitcoin market is trading on a range and if we are not able to break the resistance we might see a small correction before the market trying to push for breaking the resistance again. Other than that if there is anything that i am unaware do enlighten me.

@OP As if the market was cruising before this Tongue

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MCobian

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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.

seoincorporation

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Quote from: pornflixandchill on October 02, 2020, 12:31:25 PM

market looks shaky right now, anything can happen.

The Simpsons tend to have an accurate prediction though.

That's right, we can see the Simpsons as the new Nostradamus, lol.

The markets haven't seen the impact of this news yet, but for sure a crash is coming, the next 40 days will be madness in the markets, so play it smart and catch the right waves.

pixie85

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Quote from: mindrust on October 02, 2020, 11:25:36 AM

Imagine what would happen if Trump died.

A huge market drop and then China gets nuked -> WWIII

Hopefully he is only lying to get more votes.

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

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.

nutildah

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Quote from: BrewMaster on October 02, 2020, 12:31:36 PM

i feel like today was a very good test for bitcoin market. and it proved two things. the number of weak hands is very low at this point and also bitcoin doesn't follow anything else.

pretty weak sauce man. it's almost like you already commented in this thread and are now re-buttressing your opinion under an alt account. almost...

Becky666

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Quote from: marlo1001 on October 02, 2020, 02:41:21 AM

This how our "independent" from global market industry works. Anything could cause new dump here, sorry

We all know that President Trump is a figure and the United States is also one of the holders in Bitcoin in terms country capacity. When i saw the tweet from Mr. President, I thought as much that the price will surely fall downward, within few hour's of my thought it fell. The price of Bitcoin solely depends on news either negative or positive, we can't run away from what Bitcoin is( in terms of volatility and speculatives assets it is.)

Twentyonepaylots

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Quote from: desticy on October 02, 2020, 01:50:46 PM

As far as I know, not a single president has died from Covid. I know of only one case of the death of a politician, but not a president. To tell the truth, I have not heard for a long time about anything like that, that the president would die from some ordinary illness.

I agree, there is no president of any country that died due to covid and although we haven't found the vaccine yet to fight covid, it is easy to eliminate from one's body, a proper medication will do as much as the vaccine. But I quite disagree on you calling the pandemic an ordinary illness, though it has spread everywhere the virus isn't just an ordinary one, it can kill a person who has it, it's not just a cold or sore throat.

This is also my question, would this affect the price of bitcoin Huh

I just don't see a clear way of getting through.

desticy

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As far as I know, not a single president has died from Covid. I know of only one case of the death of a politician, but not a president. To tell the truth, I have not heard for a long time about anything like that, that the president would die from some ordinary illness. Even the presidents of third world countries have enough money to maintain their health perfectly, as opposed to the health of their subjects.

Oceat

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Welp, after that big dump it's slowly gaining its lead back to where it was staying. Those weak handed people aren't really trusting Bitcoin that they suddenly dump their Bitcoin. Although I still think if whales have something to do about it since the huge dump is just so sudden when the news about Trump and his wife is positive at Covid.

tsaroz

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There's no reason for it to be so but there are some recent graphs and movements which shows a similar pattern of price changes in US stocks and bitcoin. And as the presidential election approaches, the politics is going to make a difference on the prices. On last presidential debate, Joe Biden promised to make people pay their tax and close any loopholes and tax rebates possible. That's certainly going to affect perception of some rich people on Joe Biden's probable presidency. And Trumps confinement for a week could make a difference, at least in the emotions of investors.

BrewMaster

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There is trouble abrewing

i feel like today was a very good test for bitcoin market. and it proved two things. the number of weak hands is very low at this point and also bitcoin doesn't follow anything else.

there has been a lot of panic and a lot of manipulation today all the while trying to break the $10k support and have been failing to even go below $10,400 which is a good news if you ask me.

pornflixandchill

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market looks shaky right now, anything can happen.

The Simpsons tend to have an accurate prediction though.

Reid

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Stocks will fall but not bitcoin.
They might be scared. You know who are "they". Grin

If he dies, what happens? Not that I wish for him to die even though he is racist.
He owns a large portion of different investments and businesses. That can be a crash.
Panic might be happening out there but not with Bitcoin.

Jimmy Kimmel might be laughing too hard now.

JuSayCo

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Yes, I also saw the news a while ago that President Trump and his wife both tested positive and knowing Trump's age, he is definitely a high risk. Let's just pray for both of them to survive, and to have a chance to be better. On the other hand, I think we can always expect that the stock market crashes sometimes and its just a natural part of the market movement that wise investors welcome. Falling of stocks is a great time for investors to buy, and they are the happy individuals now...there are still a lot of good things that this market crash has brought - to make us all invest.

mindrust

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Imagine what would happen if Trump died.

A huge market drop and then China gets nuked -> WWIII

Hopefully he is only lying to get more votes.

thesmallgod

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But he was asymptomatic so I guess it is literally meaningless to fear for the loss of the president. The recent fall in the price is nothing that is unusual. Bitcoin has been struggling since that Kucoin hack. Maybe this might create panics among US citizens and probably affect the stock market but it will bounce back within few weeks.

Shasha80

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This started with Hope Hicks, who is Trump's senior assistant, who reportedly tested positive for the corona virus. After that Trump and
his wife tested and the results were positive too. And on his Twitter Donald Trump saying will start a quarantine for the recovery process.
And so this news spread, almost all assets crashed, including Bitcoin and the stock market. Even though there was just bad news with
Bitmex, now Trump is positive for COVID-19. It more makes the Bitcoin market fall, hopefully Bitcoin can rise again soon. And the decline
in the price of Bitcoin did not last long, but the current market situation is actually good for buying Bitcoin and other assets.

DaveF

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Obviously this is Dave's opinion and nothing more.

But buried in the headlines this morning was also a report that in September there was a very large number of people dipping into their "emergency fund"
[Long term cash savings / loans against 401k / pulls from IRAs / etc]

That seems to have spooked the markets. All of them, stock / bond / crypto / futures / all of them.
Let's see how the rest of the day plays out.

-Dave

CasherUp

newbie

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Hello, how are you all? I have always thought that politics is closely linked to cryptocurrencies and I think that this news is a fundamental one that will influence the decline of crypto assets ah and another thing the first lady also has that disease, greetings

imstillthebest

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Quote from: cheezcarls on October 02, 2020, 07:18:35 AM

What does Bitcoin price had to do with Trump getting the coronavirus? Was it really influenced on Trump or his first lady? Unless if Trump says something stupid about Bitcoin that creates FUD, the price would really go down the wire. For now, I think BTC’s recent dip was due to the stocks crashing down.

There are many factors that BTC price would pump or dump, like what happened to BitMex lately. But for coronavirus? I don’t think so. When this COVID-19 pandemic started as economic falls, Bitcoin was on the other way around going up. That’s just my own opinion.

lol yeah . thats crazy on how he relate things but that was true that trump has involved on btc fuds before but now if trump gets a covid , he will take a rest and fuds can also slow down . btc supposed to go up and not going down .

bitmex can also be the reason here . stocks were crashing but btc should go up because they say that stocks investors are going for btc .

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