Bitcoin Forum

since the commentaire of trump on twitter before three month prices already starting falling
but should trump make another twitter about bitcoin but this time positive and give prices bullish trend?
is the governoment playing with prices bitcoin?
does trump and givernements love bitcoin or not?

Are you serious? You really think that Trump can influence the Bitcoin price? Get real, that makes no.sense.
It's just another conspiracy theory that Bitcoin users seems to love so much but there isn't any connection between Trump's statements on Twitter or elswhere and Bitcoin price moving in positive or negative way.

Trump can influence everything to some extent because Dollar is the centre of the global reserve system.  Bitcoin is part of the worlds attempt to diversify from that singular element and its a positive because the system is overly fragile from just one strut holding and tying values together.    Hopefully we will have in future a more distributed world system based around trade done but it is largely influenced by politics at present.

Look at UUP chart for a rough idea on what Dollar index is doing lately, higher is stronger which roughly means lower dollar prices usually and especially in speculation.

coincidence. the market had already topped out weeks before he made those comments. after a 350% rise this year, the market was bound to take a tumble, don't you think?


quit dreaming. ;)

Be real.

Trump can indeed influence the Bitcoin prices. What world do you live in? He said some bad things about bitcoin but he never targeted it. If he wanted to influence bitcoin he has all the power to do it. Can he shut the network down? Probably no. But he can make us suffer a lot. USA controls all the .com domains in the world. Do you realize what kind of power is that?

Trump can influence the growth of bitcoin and this can be done to certain limits. This limitations were completely upon the effective speculation that happens relative to bitcoin. Till date it is impossible to give a precise explanation of growth relating to particular incident that happens by that moment. No, everytime whether it is growth or crash it'll be related with something that happens in the market. It is possible to speculate Trump as the reason and drive the market, but from my learning this time he isn't the reason for any form of trend.

you didn't include the link where he tweeted about bitcoin, as far as I know he doesn't like crypto, if indeed YES he did it I think the same as China which is currently being talked about on this forum is the cause of the price of bitcoin down, I think it's also wrong even bitcoin down not because of China or trump and I'm sure it's a game from other big traders who use the moment to take the price cheaper from your hands, I'm not sure trump and the government is in it

Trump just led public opinion to panic and then made the traders rush to sell their BTC asset losses, this is the reason why bitcoin can go down and coincidentally after Trump tweeted on Twitter.
Trump is only a small part of the entire cryptocurrency ecosystem which is full of anonymity. Don't worry too much about the price of bitcoin going down, you better find an opportunity to buy it in the market.

It is given that Trump may influence the price of Bitcoin but he is not the only reason for what is happening in the market today. Trump is a prominent businessman before he became president so I was thinking that maybe he has ulterior motive on his past actions like spreading FUD's and when Bitcoin is cheap then buy it anonymously.

Trump is having a lot more serious problems right now than dealing with something like Bitcoin, which is currently no threat to the USA, or rather for the US dollar. Although Trump has a really large number of followers on Twitter (67 million), his tweets are not taken too seriously, at least for those thinking with their heads.


He can declare Bitcoin illegal, which would mean closing all exchanges and mining farms in the USA, and this would certainly be a blow that would shake Bitcoin pretty hard. Needless to say, this decision would be graciously or forcefully accepted by most countries in the world who would not want to have problems with the USA.

I am also curious on this one how could OP believe that Trump can influence the price of Bitcoin.
Just because of Trump's post on twitter and the price drops after it doesn't really mean that it is connected,
Just because Trump's a big name doesn't mean that he alone could change the phase of the market.
I am curious what would be OP's next observation what if there is another one who post a positive feed back on Bitcoin and the price started to grow maybe OP would see that person as a savior of Bitcoin.

It doesn't make sense on a number of levels, believe me.  For one thing, a statement by a single world leader wouldn't be able to cause bitcoin to drop this much, not even one of the big leaders.

For another, even though Trump got elected by the US citizens, there are a lot of citizens who don't like him and don't listen to a word he says.  They'd probably jump to buy bitcoin if he slammed it in one of his idiotic Twitter posts.  The same holds true for the rest of the world, where I can't imagine he's all that popular. 

I don't think this recent drop was driven by news or even rumor, because I haven't heard anything negative enough to warrant it.  I think it was just due to some folks getting impatient with bitcoin's price and they ended up selling.  It could have been those so-called whales with a lot of bitcoin to sell, or it could have been a bunch of different investors.  Who knows?  It's not something we're ever going to know, same as with the many other dramatic movements bitcoin has had over the years.  But I'm fairly sure it wasn't because of Trump.

Absolute nonsense. Trump may be a President, but he still lacks the ability to influence the market so greatly. In fact, no one else alone could. Only a movement of an entire country could have the possibility of changing the current effects in the market.
PLUS, of all the presidents to choose from, why trump even? Trump is literally the President that is ready to be taken to court by his subjects after his term ends. You should be even surprised that Trump could even comment about BTC, let alone change it.f 
Numbers are just in the end numbers. 67 million doesn't mean that he has 67 million supporters who are willing to follow his whims and decisions that actually endanger a lot of American Citizens' Interest.

trump is so small compared to BTC ! America thinks world revolves around them, i assure you ASIA is big player in crypto !

I often think why every price is good or go up always countries like America or China maneuver through the news they release. For example like the donald trump's tweet which slightly corners bitcoin. Maybe it's true like you said there are big people who play to make prices go down then they will buy it back.  I don't think they will make a positive tweet because it will confuse people with two contradictory tweets

Well, pretty much the price of Bitcoin will not take effect even if Trump would tweet negative things about Bitcoin it will not meddle with the price, I thought you will report that Trump had dinner with Mark Zuckerberg and Facebook board member Peter Thiel or this can be a building friendship incorporated with Libra well nobody knows, if Trump loves Bitcoin or not maybe he has a spark in cryptocurrency but wants to take part in it but maybe in a form of Libra well this Dinner with the owners and board of facebook I think there is something very suspicious about it.

It's more of the combined effect of Libra being denied, companies that were planning to invest in libra resigning, China that was supposed to open to Bitcoin not really opening up and instead threatening some rogue exchanges. TA was also against us after a big rally to 14 thousand.

I wouldn't blame Trump for it but I remember when he was elected people said that he's going to be open to Bitcoin because he's a businessman and one of his senators was pro bitcoin. You can see how that went.

@barota which world are you living in because Trump had no relation with yesterday’s price crash, it’s all over the net and this forum that China’s announcement to target illegal exchanges was the key reason for prices to fall. In addition to it fud news was spread that Binance offices in Shangai were raided, which has been officially denied by Binance. Also Trump has no interest in bitcoins and I don’t think he’ll be giving any kind of statements regarding bitcoins, hence we should not be worried about him at least for the moment.

https://www.forbes.com/sites/billybambrough/2019/11/22/stark-china-warning-causes-bitcoin-to-suddenly-crash-10-as-other-major-cryptos-nosedive/#4b3f3bd353d4

https://cryptoslate.com/binance-ceo-dismisses-shanghai-police-raid-news-as-pure-fud-says-rival-crypto-exchanges-are-paying-for-disinformation/

And that was the reason for the previous drop to $7300/400, and all drops before that? Trading with cryptocurrency in China is illegal for years, which would mean closing some illegal exchanges with very low trading volume cannot cause a panic that would explain the price drop.

Finding a reason for every increase or decrease in price is always something the media does, they make money on that, you read it and you believe this is the truth. The media is a powerful weapon used by manipulators, and judging by the reactions they create, they do a great job.

There was a fall back in the day when Trump talked about bitcoin but the whole world knows that nobody really cares what Trump says or does.

Look at his own country where even the government is trying to kick him out of the office but they want to kick the team with him as well so they are taking the time for it. If they can somehow manage to kick Trump out while also kicking Pence out there is a chance that Pelosi can become the president and that is what matters to democrats.

If they kick out Trump but Pence becomes the president there is absolutely no way that country will get better, there is a chance it gets even worse. So at the end of the day, nobody cares about Trump and what he does, the price of bitcoin went down but it is totally irrelevant at this point.

What kind of joke is this? First someone said it was because of China and now it's because of Trump? Lol
I've read some thread also that telling the price drops because of those protesters. Come on, people, just relax why are you all so upset with this decline when you can make a money from it in the future. Just buy now and hodl until bitcoin skyrocket to the moon.

Haha true, next week it's Musks fault with his cybertruck presentation. In my opinion people read way too much into news when it comes to charts. I don't believe BTC is that much associated to news anymore.

I'm all on your side with your last advice. Not much left to do anymore now that the fiat fuel is already gone. ^^

Trump or the US cannot control the bitcoin prices because bitcoin is not in the control of US. Whenever the bitcoin prices are down we try to find unrealistic reason of the bitcoin dump or low price. Actually it is the demand and supply which actually determine the bitcoin prices or it can be the manipulation by the whales.

No, Trump cannot be the cause of it, he has always been very volatile with his tweets for a long time, I think he has many problems to solve to worry about influencing the bitcoin market.

The Bitcoin market is not well seen by him, he has another investment criterion and to see business and markets in general, it is like a Warren Buffet, apart from that the Bitcoin economy would be freeing many to achieve financial freedom by passing over Bank controls, third parties ... but believe me he is not responsible for making bitcoin fall in price, there may be other fundamentals, China may be influencing, but Trump is NOT.

I don’t think Trump is the main reason but increasing the tense between China might be possible. Any well known personality can state their comment about bitcoin but remember that investors are not depending on that, we depend on the current situation, market trends and not just on any statement. USA and China can’t influence all of bitcoiner, but they can still affect the price trend.

In general Trump was very positive for Bitcoin in last 3 years. With pulling USA out of several global treaties he made world way less secure as it was before. World uncertainty is good for Bitcoin.

It doesn't matter.
Not much do believe in Trump.
He is a businessman so he believes bitcoin is a wall to making more money for him.
The guy doesn't like the idea of people keeping their money in a safe place without a trace.
Greed is what clouds his mind so you should just ignore him.
Besides, their country is already divided because of him.

Why not? Big names in the Political industry can influence anything under the sun.
If Trump will say bad things or good things about Bitcoin, don't you think people will just ignore what he said?
Or lets put it on the worst scenario. What If Trump will ban the exchanges and mining farms in the US? Would that doesn't change the phase of the market?

No, and I don't think it will work that way. And besides I don't think trump does even care about crypto currency. Yes, influence plays a great role in terms of this but the thing is trump has lots of opposing followers, and looking upon that I don't think those people are willing to take the risk that crypto currency has to offer. Lastly, few governments are into bitcoin majority are not.

I guess this is the way of the FUD makers just to influence many people without proof, perhaps about Trump's status on crypto there's no strong evidence that he doesn't like cryptocurrency. Some articles spread non believable ideas and insights, most of them is fake news. They thought it could twist the mindsets of many people, but by the time of realization the people will stand on what they strongly believed for Bitcoin. The majority and minority on Government were both equal on their visions, so it only needs proper time to set everything to normal without any conflicting issues.

Stop trying to attribute dips in price to a single event. It just doesn't work that way.

There is no single factor that leads to a bear market occurring, which I think is safe to say what we have regressed into right now. Market psychology can play just as an important role to price action compared to real policy changes with regulators, and I think that it is very likely that people are panic dumping right now.

A lot of people expected prices to go through the $10k resistance as China announcements happened last few weeks. Due to the miss on that news, it's quite possible we're also seeing a long squeeze right now.

::)

Is it really important to know who, or what caused the crash? What matters is what to do with this golden opportunity.

Buy the dip, and HODL, because the whalecumulators are. 8)

It won't be bad though if you can get him to do the tweet because all help from all corners from anyone in the world is needed right now that could cause an upward trend in the current price of bitcoin that have chosen to just remain on the path of downward trend. But really how exactly did you come about that thought of yours because it seems when we run out of options, we tend to try as much as possible to find answers no matter how absurd. Mr Trump made the comments weeks ago and even though the market got the hit at the time, it has recovered and since then, we have not seen any tweet from the President to attach the fall to him.

Trump still play safe because he did not make a status that attacks bitcoin. I think the initial trigger came from the Libra trial and continued with xi jinping's attitude, and exactly a few days ago the Chinese government began taking legal action against crypto fundraising that was considered illegal. Fundamental effects are very influential on market movements and ultimately lead to retesting to the point of support which is still within a valid range.

Have read series of things on the price dump of bitcoin. They looking for who to blame and the whales are just laughing. If it is not china today, it could be Trump tomorrow. Does it look like trump can have the time for bitcoin dump like he used to at the early part of the year. Even at those time he didnt dump bitcoin's price. Are you reading his tweet at all lately? he is more concern on his reelection than the price movement of bitcoin. Let's get things right and buy as much as u can now before its too late.

Since we are all more or less agreed that Trump is not responsible for the price, what about his wife? What would happen is she announces that she has Bitcoin, or advises other women to invest in it? It might start a real investment revolution among the female population in the USA :D

Joking aside, I've always liked Melania more than Donald, I wonder why ;D

https://i.imgur.com/VzMIv4m.jpg
Source (https://www.gettyimages.com/photos/melania-trump-1999?family=editorial&phrase=melania%20trump%201999&sort=best#license)

There'd been too many issues that roaming around for the reason of this dump. Many been speculating or making FUDS without real proof. Whatever the reason is, lucky those who are able to buy at this deep as if they can hold or even the price pump even a bit they will surely earn.

The sooner weak hands sell the sooner we have a bottom in sight. I'm pretty sure that people currently are unsure what to do; to sell or to hold and risk further loss in paper value.

In general, people who are considering selling are better off doing it right away. The longer they keep thinking about selling or not selling the lower the price will be they end up selling at. It's pointless to let yourself suffer in a down trend because the trend will not miraculously reverse. It generally takes many months and perhaps even longer than a year.

I don't think it is, there's been a lot of speculation on what causes, the price to dip and some so called experts presented a lot of possible explanation, people present it was China, some it was Facebook, but whatever reason it is, it's kinda gift for us, so buy more coins in the market, we never know this could be the last dip of the year, then we are going to be moving forward.

Yes mate we need to take advantage of this situation which was created by whale to accumulate bitcoin to sell at high, we need to play the same game to avoid further loss and it really doesn't matters who created the dump because we cannot do much about it rather than taking loss or advantage based on our skill sets will decide where we stand.

We can’t set aside the influence of influential people in crypto market because at the moment its just a tiny speck compare to stock market. Crypto market is still very weak and easy to attack and tank the prices, it won’t be normal if we always expect high price of course there are a lot factors that might affect it.

There is no correlation between the falling price of bitcoin and the negative statement twitted by president Trump three months ago although immediately he made that statement then the price of bitcoin dumped for a while before it recovered and became bullish.
The present state of the price ( bearish) has to do with price manipulation by the whales which I believed is a ploy to push down the price so as accumulate more this is a usual occurrence its not something new in the entire crypto system.

Also because this market still relied with speculative guesses, influential people affects the momentum mostly when holders and traders buy the news and start moving according to what they've think about the statement or the position of those well known personalities.

It's better to keep moving forward and not to easily act when there's some changes assess the market and carefully analyze for the better decision making.

The hell is that all about?!

First I am reading too much about China which had been the reason of all the dumps and pumps and now it is Trump.
No, I dont think so. He doesn't matter much to the crypto space. He might be a businessman with a lot of connection to rich people but that doesn't mean those people are all connected with bitcoin or investors of it.

Just understand that it is how bitcoin moves. It doesn't need much reasoning.

I think its because of the whales manipulating the market and maybe some FUD are affecting some investor that's why it cause a major drop but we can take advantage of it since price drop means SALE and we can accumulate more.

And buying the bircoin while it is cheap is really a good deal even thou it go drop again but surely it will rise and continue to go up until by next year.

Yes, I agree with you. In my opinion the decline in bitcoin yesterday has nothing to do with trump comments on twitter. It has been proven for 10 years that bitcoin cannot be stopped or controlled by anyone, including the president of the United States. Bitcoin will remain decentralized. And I think bitcoin dumps are a result of whale manipulation. They will make a bitcoin dump before bitcoin is reduced by half in the next year.

So what is the solution, any plans on impeaching him.

How you are planning to convince Trump to tweet again, planning to hack the tweeter account of our president  :P.

Does it really matter whether Trump administration loves bitcoin or not.

In fact, news about President Trump not liking bitcoin has spread a long time ago. that has often been the cover page of crypto magazine, and I don't think its hatred of bitcoin will affect the price of bitcoin. even the current price decline, I think it has nothing to do with president trump. however, I still think that this is a normal increase at the end of the year.

Strangely, it is way less important what Trump twitters about Bitcoin compared to the chinese guy. Strange west world.

These isolated comments (such as the ones made by Donald Trump and Xi Jinping) may be having a temporary impact on the Bitcoin exchange rates at the market... but in the long term, if Bitcoin has to move upwards then there should be some concrete development. Banking too much on comments by some political figure is not viable at all.

I am expecting much more legit info other than Trump's twitter, it could be some kind of FUD and not a factual twitt that comes really from the President. Actually, there's no big deal on whatever words came from the mouth of Trump, but what's more important was the real cause instead of rumors.

I believe it is not necessary for D. trump to speak well about bitcoin for the price to rise, mysteriously today the price has increased over  $600 in hours, look:

https://i.imgur.com/wIw6tWn.png


the government is not playing with the bitcoin price, they only care about their money in their bank account


Big No