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Topic: Trump’s Tweets Causes Cryptocurency Price To Tumble - page 2. (Read 606 times)

copper member
Activity: 280
Merit: 1
From what I have come to realize, Bitcoin has grown that level that certain fundamentals rarely affects its price unlike what it uses to be, More of the analysis now are on technicals and it responds to this. Gone are the days when a particular fud maybe from a prominent person or state will cause the price to plummet, all these had happened in the past and bitcoin never died but grew to its current level and beyond, nothing that haven't been heard about fud but btc remains strong
hero member
Activity: 2856
Merit: 578
Leading Crypto Sports Betting & Casino Platform
Looking at the price action after the tweet, I don't think so.
The interesting thing is that both the Trump tweet and the Libra negative hearing came approximately at the same time and Bitcoin is staying stable at 10K$.
If Trump and Congress can't crush Bitcoin, then what can?

No one really can, they can try but they are not going to crush what Bitcoin has achieved over the past ten years, Bitcoin is now gaining momentum I don't think it's about Trump's tweet, it's more of a correction, and it will happen from time to time anymore tweet like that will not harm Bitcoin anymore.
sr. member
Activity: 807
Merit: 251
World's First Crowd Owned Cryptocurrency Exchange
I think his tweets are very good for a cryptocurrency community. they may temporarily affect the price but in the long term it is a very good sign
sr. member
Activity: 1022
Merit: 256
Hello... Friends... Is it true Trump’s Tweets Causes Cryptocurrency Price To Tumble? Recently I read the news Trump’s Tweets Causes Cryptocurrency Price To Tumble

Not a dent, mate. The tweet of President Donald Trump was quickly made into news by some media outlet, although not worth reading at all. We all know that it was a statement that did not go through enough thought or even research. It was obviously a comment that was just borne out of a few whispers of some people close to him and not out of sheer knowledge. The experts' take on his tweet right after was more worthy of news.
copper member
Activity: 224
Merit: 0
I dont know where you get that fact from but am sure and I saw it when tweeted which did not in anyway affect the price of market , but btc even surge higher which show he has no impact to the market .

He can only stop his citizen as other country has power to decide what they want with out his consent or their law .

I dont see bitcoin going down any more about being accepted in one region or country as many country has taking in their capacity to drive along with blockchain.
member
Activity: 216
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Live, Hope, Win
For me, every good thing had its pbad side, gone were the days growing up in an African home our parents will tell us that one who respect others is brings attention to the house and yet the one who does otherwise also brings Ttentipn to the house. Either way I see trumps twee as giving people more reason to explore the abilities of cryptocurrencies
member
Activity: 574
Merit: 10
Gistcoin
I feel it is not strange if someone in government does not like crypto, this might be related to regulation and the belief that crypto will have a negative impact on financial development in the country, both financial imbalances and other things. As trumpeted by Trump above. Basically, awareness of the importance of technological advances in crypto can also be an interesting thing, but for someone like Trump who is already not interested in cryto, then anything will be impossible for him. If for me personally I will not be affected by the tweet this one. And I'm sure of the market conditions.
full member
Activity: 952
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Hello... Friends... Is it true Trump’s Tweets Causes Cryptocurrency Price To Tumble? Recently I read the news Trump’s Tweets Causes Cryptocurrency Price To Tumble



Yeah I admit on that news their have small effect for bitcoin price drops slightly due to trump tweet statement, but I am not afraid for that because it's only trump own opinion the US president didn't announce for bitcoin ban. Now bitcoin is still strong in my own opinion 10,000$ is still strong value for bitcoin.
copper member
Activity: 363
Merit: 9
Hello... Friends... Is it true Trump’s Tweets Causes Cryptocurrency Price To Tumble? Recently I read the news Trump’s Tweets Causes Cryptocurrency Price To Tumble
I don't think that the remarks of President Trump will have an impact on cryptocurrency, many big businessmen and politician have been criticizing crypto but it has no effect and crypto is still here surviving. Trump is just another critic but if he will tell to the congress to do something with it then it's another story if there is a crackdown.  
member
Activity: 658
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Catena X
Maybe some people will get carried away by the issue and the news, especially for those who have not firmly established the crypto nature. Basically, Trump is not the only person commenting on crypto. There are many more influential world leaders who support crypto. And this is what we should care about. Regarding prices in the market, I think indeed now the market is still very fluctuating so prices can easily go down and rise normally.
newbie
Activity: 12
Merit: 0
I don't think Trump's tweets were the cause of the drop in the prices of most cryptocurrencies. The nature of the crypto market has no specific cause for either the drop or the raise of the prices of most cryptocurrencies. The market had been like that even before Trump thought of making a tweet  about cryptocurrencies.  The market is not really  influenced by such speculations and FUDs..
Although you may be true but so many media there making articles about how trump's tweet affect crypto, we are talking about trump the US president here, the regulation or opinion he released to public may spread to the world and could become a problem for crypto, even a little, it did affect the whole crypto.

I always thought there were a higher amount of btc investors outside of usa, thus making trades based on trump speculation, or fear of how usa receives it, little effect. Is there a resource out there that depicts which nations have x% of invested btc? Perhaps with this info we can better gauge upturns & downturns with the coin based on current events in higher invested nations.
hero member
Activity: 2184
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I don't think Trump's tweets were the cause of the drop in the prices of most cryptocurrencies. The nature of the crypto market has no specific cause for either the drop or the raise of the prices of most cryptocurrencies. The market had been like that even before Trump thought of making a tweet  about cryptocurrencies.  The market is not really  influenced by such speculations and FUDs..
Although you may be true but so many media there making articles about how trump's tweet affect crypto, we are talking about trump the US president here, the regulation or opinion he released to public may spread to the world and could become a problem for crypto, even a little, it did affect the whole crypto.
sr. member
Activity: 1036
Merit: 275
I don't think Trump's tweets were the cause of the drop in the prices of most cryptocurrencies. The nature of the crypto market has no specific cause for either the drop or the raise of the prices of most cryptocurrencies. The market had been like that even before Trump thought of making a tweet  about cryptocurrencies.  The market is not really  influenced by such speculations and FUDs..
member
Activity: 843
Merit: 52
This may have been some sort of conspiracy. Why will the president come out to say he's not a fan of the bitcoin and other cryptocurrencies if bitcoin is not that valuable and something that may become the world major currency? I can't say his tweet cause all these market slide but it will definitely have some impact.
sr. member
Activity: 1050
Merit: 277
Hello... Friends... Is it true Trump’s Tweets Causes Cryptocurrency Price To Tumble? Recently I read the news Trump’s Tweets Causes Cryptocurrency Price To Tumble

I think the tweet didn't do much damage in my opinion because after the tweets, several hours later, the FUD was less until the Facebook (Libra) hearing by the United States Congress which wasn't looking good at a time because they were calling for control. This was why cause the major slump I reckon


I think it just felt like trumps tweets bad bitcoin go down by pure coincidence. But it is easy to see why people think so. Just stupid FUD anyway. He enjoys stirring that guy. I think he gets bored.

I think Trump's statement is very good news for crypto, he said that he is not a bitcoin fan or any other crypto. that doesn't mean he doesn't like it, but he doesn't hate it, it shows that the government has gradually recognized crypto, which is a more exciting event than ever for crypto. Furthermore, some MPs have admitted that bitcoin cannot be destroyed, it seems that the government has taken a closer look at crypto.

Did you read the tweets? He said we all criminals for using bitcoin.

I think that Trump's tweets do not affect the cryptocurrency, it was just a coincidence. Just an attempt to influence the crypto community.

Maybe. The guy is super weird after all so anything is possible.
sr. member
Activity: 812
Merit: 250
Hello... Friends... Is it true Trump’s Tweets Causes Cryptocurrency Price To Tumble? Recently I read the news Trump’s Tweets Causes Cryptocurrency Price To Tumble

I think the tweet didn't do much damage in my opinion because after the tweets, several hours later, the FUD was less until the Facebook (Libra) hearing by the United States Congress which wasn't looking good at a time because they were calling for control. This was why cause the major slump I reckon
member
Activity: 573
Merit: 11
Hello... Friends... Is it true Trump’s Tweets Causes Cryptocurrency Price To Tumble? Recently I read the news Trump’s Tweets Causes Cryptocurrency Price To Tumble

Yes, a lot of weak hands panic sold their Cryptos when they saw the tweet by US president. What I can deduce in this is that there are some people in the crypto space that do not really believe in blockchain technology but they only come to become millionaires overnight.
jr. member
Activity: 182
Merit: 2
Hello... Friends... Is it true Trump’s Tweets Causes Cryptocurrency Price To Tumble? Recently I read the news Trump’s Tweets Causes Cryptocurrency Price To Tumble

I do not share the same opinion, I think Bitcoins price can not be determined by just Trump's comment, Bitcoin community is larger than just Trump's camp and It doesn't have be price determinant. Cryptocurrency are already placed under check in the U.S so why does his comment have to be the reason for the sudden dump, I think it is just a coincidence.
member
Activity: 690
Merit: 12
There are consequences for every action
Hello... Friends... Is it true Trump’s Tweets Causes Cryptocurrency Price To Tumble? Recently I read the news Trump’s Tweets Causes Cryptocurrency Price To Tumble


Very true but it isn’t trumps tweet alone
It is the fud that was spread across, trumps tweet aimed at the Chinese market and it affects crypto currency instantly

Which is why in crypto currency. Work hard, dyor and avoid fud
legendary
Activity: 2212
Merit: 1041
If Trump and Congress can't crush Bitcoin, then what can?

True that! How else can they bring BTC down.

The market today is very bullish and so there's Trump's tweet gonna be buried soon enough. We know for the fact that BTC has stand the test of time but those who jsut knew BTC because of Trump's tweet I guess this can see this to be signal for all that crypto is here to stay. Bakkt is almost on their way too, I just saw an update about it so here  we go!
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