Bitcoin Forum

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 (https://www.thecoinrepublic.com/trumps-tweets-causes-cryptocurency-price-to-tumble/)

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?

yes, i think you are right,
but the price down only for a while my friend
trumps twet will create new demands after the down market, i believe that, because this is just a kind of free promotions for crypto created by The US president

I think US President Trump are already afraid to the fast progress of crypto and other crypto so he gave that kind of tweet post or statement. Trump is afraod that it can affect the money flow and the value of dollar. As the most powerful man he will continue to say that he is against about any crypto to make people encourage to hate or not to invest and to buy crypto. This is a great strategies but people already know the real essens of crypto. So only negative people will follow him.

Yes, if you think so.
No, if you think that you're a good chart reader. Most of the analyst that I'm following told that it's not due to Trump's tweet though it has made people panic sold so let's say that it has contributed.

It's possible, but it's only for a short effect the price is now recovering, and I don't think any succeeding tweet will have an impact to Bitcoin's price any more coming from Trump, he is not the president for life by the Americans, he will soon be replaced but Bitcoin is here to stay.  

It may have been part of the reason for the dump in BTC price. because people will want to short bitcoin and see how the market reacts, Trump is the president of the greatest nation on earth, but he can't stop or destroy bitcoin.

I appreciate your Thoughts Mate. I hope the market will recover soon. ;) ;)

The order to halt further development of Libra (facebook coin) and fears that the US government could place a ban on bitcoin. The last 24 hours has shown this is not likely, the US congress admittedly made a distinction between bitcoins and shitcoins (maybe Libra in this context). https://www.ccn.com/news/bitcoin-and-then-shitcoin-congress-finally-gets-it/2019/07/18/?amp&fbclid=IwAR1xdeBIZuCz1w8WyH05N1b9Y4h_c0vjwppF2HXKhXP7_BJ8PriIw8aaAvA

I dont see any reason for tumble. What is new are posts like this: In one week, the President of the United States, the Treasury Secretary, the Fed Chairman, and members of Congress have all directly mentioned and addressed bitcoin. As a 2012 hodler, My mind is blown.

I see this as super positive. It will show on price sooner or latter.

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.

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 his tweets and affect the price. But he is not a stupid person, and it is possible he is trying to lower the price below in order to buy bitcoins himself.  ;D

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!

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

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.

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.

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.


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


Maybe. The guy is super weird after all so anything is possible.

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.

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.

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.

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.  

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.

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.

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

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.

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.

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

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.

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

If Trump cares about cryptocurrencies, it is always a good news, no matter what he said.
Finally big players are afraid of the alternative of banking system.  :D

If that's the case bitcoin should be back at 7000$ now not 10,500$ present value,this means trump nonsensical talks don't do a thing

I also don't think that it is the cause of the sudden drop, we all know that any US President will say that, they just want to protect their interest, what he tweeted, in my opinion, is all about Facebook's Libra coin's intention to create new money for all their application.

I don't think that Trump's statement is strong enough to create an impact to Bitcoin. We know him and we respect his opinion but I don't think his words is powerful compared to the previous president of US. Bitcoin will stay while their position are only temporary.

I am very happy that US senate is more inclined to Bitcoin than to Libra. They know about the possible danger that comes with Libra.
Big companies might gain power over 2 billion people.

The double bladed words can reflect in both short and long term effects, some might think that's bad since it's the president who's talking about crypto currency while inside the business minded person why bothered for this guy to deal about something if there's no real reason behind it, it's up for both supporters and haters to assess the real intentions of his statements.

did that because libra facebook ?
i mean , i never see some people like trump talking about cryptocurrency so bluntly.
and now it make a some sentiment.

Trump has already said a few times that crypto currencies are not going to get big and that the only true currency is a dollar. This guy has no idea about crypto currencies and those statements are worth absolutely nothing.

There are many other reasons for the market to collapse. But you think that with just one tweet and it causes the market to collapse, it is a wrong thought. And so far the market is starting to go up and it will soon surpass ATH

I think all the world leaders have started talking about complex topics like blockchain, distributed ledger, AI and bitcoin etc either positively or negatively but all these will help the cryptos to go massive in the end because all these statements are give free promotion and marketing to bitcoin.

It's high time crypto enthusiasts stopped reacting negatively to social media posts, no matter who it's coming from. The tweet by trump should even be indirectly creating awareness for crypto, I was surprised to see market dump after the tweet. Probably some weak minds saw it as FUD. But nobody knows for sure if actually that sudden dip was caused by Trump's tweet, it might as well be a coincidence.

I think it did a little, although it may also be a coincidence because shortly after tweet trump, the market went seriously deep before it started rebounding. We know that bitcoin has been in correction stage for a while now since it broke the $13k barrier and failed to further break that if $14k, since then, we have been having series of corrections in the market for a while now which even made the market go as deep as $9k several times.

Many analyst were beginning to see the possibility of bitcoin going for as low as $8k, so it was not really something not expected after trump tweet, the little irrelevant tweet only shook few people which I believe would be U.S investor, but I think there is a balance again now, and the market is already trying to break further barrier, so we should just ignore trump and forge ahead.

Trump has pumped and dumped both stocks markets and crypto markets (just recent weeks) during his first presidential term. Personally, I don't see Trump's tweets as important things, because he tries manipulate something. Then when he achieves what he want, all things will come back to normal. We witnessed it from time to time, so please don't worry too much with next tweets from Trump.

His statements and his perspectives are unstable. Unstable because he planned to do something, like manipulations. He is a businessman, right? His family run lots of business stuffs, who knows why he do this. I don't believe Trump does really hate bitcoin and crypto like he repeatedly tweeted.  ::)

Trump's voice has an effect on the world, but only the political context. I think this cryptocurrency doesn't know Trump. The ups and downs of Crypto prices depend on crypto market users.
Moreover, there is a large crypto community that wants to develop a strategy to increase prices or drop prices.

but i saw a post on fb who screenshot someone that replied to that tweet because drug trades and other illegal activities are also known to use fiat currencies such as us dollar which is true.

All pr is good pr. Just ask trump.

Trumps tweet causes tumble in both cryptocurrency prices and forex prices. In fact, his tweets also cause confusion in the American government and gives the media plenty to talk about. So I am not surprised that his tweets have a say in the price movement of bitcoin. Just goes to show that investors in bitcoin are also investors in forex

If this tweet is related to banning or tightening control, the price may fluctuate. As investors follow the news of the world market. Suppose investors from Russia are now waiting for a new cryptocurrency law. So of course this all influences this world.