Bitcoin Forum

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 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.

True. And as we speak, the S&P500 futures is down by -1.60% as of yet(of course it could still change). Unless bitcoin moves in a different direction vs the S&P500, which I totally doubt will happen any time soon, this isn't a good sign for the US stock market and bitcoin in the short term. Though of course I could definitely be wrong, I'm getting cash ready to invest in both asset classes.

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EDIT: Created a topic concerning bitcoin, gold, and the S&P500: https://bitcointalk.org/index.php?topic=5279522

1% drop is not the dip for Bitcoin, it randomly goes up or down by a few percents very frequently. So, it's actually not a good idea to FOMO right now, better sit and wait for an actual dip, if buying the dip is your chosen strategy.

Trump is apparently good for the stock market, and now there is a small increase for the outcome where he is no longer a POTUS after these elections, so no wonder that the market reacted negatively, and Bitcoin is following stocks for now.

Yes if you look at the timeframe, it was a few seconds after he sent the tweet that SP500 futures started to crash. And then shortly after the crypto markets followed. Honestly I am surprised we are still >$10K after all this negative news of the last 24 hours or last week due to also the Kucoin hack.

Trump getting Covid definately isn't bullish, and if you look at his polls and all those "Election odd bets" website they all are tanking on Trump winning the election due to this positive test result. Even if he didn't get Covid, if he lost the Election markets would probably tank anyways.

Exactly, 1% is not a big price drop for Bitcoin or any other cryptocurrency.

At the moment, I don't see a big problem yet, except that the other candidate could get COVID ..  ::) ::)
And it would certainly be a very big problem if one of them (of course I do not wish it to anyone) would die before the election..  :o  :-X :-X
Can you imagine it ?!
This could shake the economy not only of the United States but certainly of the entire world. And the prices in the markets would definitely dive as hell..

what bitmex stuff? an exchange facing criminal charges? that is new to you, everyone already knew exchanges were shady and many of them were involved in criminal activities, mainly manipulation of the market which is illegal and has severe consequences even if it seems normal.

same. nobody cares. least of which bitcoin price. keep in mind that there is an entire world outside of US ;)

not as we speak, over the past month S&P500 has gone down nearly 10% and that's huge for stock market.
meanwhile bitcoin price is stable above $10k.

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

With the news there is more chance of market crash to some extent, because the cryptomarket is being connected to the world market. During the pandemic when global economy experienced continued fall due to long term lockdown the crypto market was stabilizing itself. This means covid-19 positive for Trump and his wife isn't that big compared to it. So, to some point there'll be price fluctuation and gets bouncing soon after.

BitMEX isn't even an exchange. You can't actually trade anything for anything there -- you just cash in BTC for fun tokens, play the games, then cash out your remaining fun tokens for BTC. It's quite different than an actual cryptocurrency exchange, and as such, it demands a different regulatory approach. Not to mention BitMEX was knowingly servicing 80,000 US customers even though it goes against their own policies (in addition to US regulations).


Yes, as we speak. He's talking about S&P futures which are open while the markets are closed. You can see the index fall at the exact time of Trump's tweet (https://twitter.com/realDonaldTrump/status/1311892190680014849):

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

Same thing with BTC, except for maybe a couple minutes behind:

https://i.imgur.com/63d4N6A.png

Weird to see you still completely in denial of reality. There's an entire world outside of the US that depends on the health of the US financial system. This includes bitcoin. If the U.S. has a bad day, bitcoin is going to have a bad day too. This is the way it is now whether anybody likes it or not.

Because of Wall Street's increasingly hefty investment in bitcoin, the two are inexorably connected, now more than ever. I've explained to you the exact connection between the two before and provided evidence that it exists but you just shun it all in order to maintain an outdated viewpoint. Why?

I know you're going to say this is just another coincidence in a long line of previous "coincidences" that tie together the stock market and BTC, and even if it was a correlation its short term and not long term, etc. But for everybody else who isn't beholden to an outdated idea this is further evidence of a paradigm shift away from bitcoin's independence from global financial markets. It's a new paradigm (that had been in the making since 2014) where the price of BTC no longer moves independently of world markets.

To quote Trump, "It is what it is."

Perhaps a market crash will positively affect the price of bitcoin.
Many investors have already invested in bitcoin because they consider it safe to invest. The number of stablecoins may increase.
But other altcoins may have problems.
Bitmex is in trouble because they wanted to escape to the Seychelles :)
https://twitter.com/Melt_Dem/status/1311702185303068672

No news of Trump getting the infection, only Melania Trump 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

i'm not saying he is wrong, i'm saying there was already a downtrend in general going on and 1% is S&P futures is not a new thing when there were already bigger drops happening.

the reality is that 1-2% drop in bitcoin market is not even close to being the same as 1-2% drop in any other market.
you could say "same thing with BTC" only if bitcoin price had dropped about 15% at least to match the scale. daily fluctuations of bitcoin price on a normal day that nothing is going on are 5% as it is!

that's true but US has been having lots of bad days lately while bitcoin kept rising and reached $10k and remained above it.

You responded to what he said in the negative, but OK, anyway... What I really want to know is why you insist on missing the bigger point. The long-term trend of the stock market doesn't matter because that's not relevant to this discussion. What is relevant is that the president's tweet dropped stock market futures, and bitcoin immediately followed suit.


Again, you completely overlook the point to avoid having to admit you've been wrong when insisting there is no correlation between BTC and traditional markets. The point isn't about how drastic BTC moves due to the stock market, its that it does move due to the stock market.

Yes we should have to understand the kind of coin we are holding, there’s no need of selling your coin until the need arise, Let us have confidence on bitcoin, because there is no amount of panic that we make us sell out the cash we have at hand, I do understand that bitcoin is not a physical money, but let not think about selling off our bitcoin when ever there is a panic, it is really affecting our crypto market. Let have confidence on bitcoin.

Yeah both of them have been reported to have acquired the virus. For Ivanka, she can certainly get through this without much complications considering that she's asymptomatic, and is still fairly young to have a robust immune system. For Trump however, I have doubts once he gets it. He's old, possibly a lot of ailments and would not survive advanced stages of the virus. Or this is just a ploy to skip the next debate so that the US will not see yet another shitshow coming from Trump. For the correlation of this event to bitcoin, I see none, really, since politics is a completely different realm from cryptocurrencies. No sharp price movements have happened yet and no other news are happening on the side of the stocks either.

you are trying to convince me that 1% to 2% price drop which is literary the most common fluctuation size that bitcoin has almost every day and is also ignored by everyone as "drop" (or similarly rise when it goes up) is bitcoin following stock market. well i'm not convinced.
in the past week alone (starting from September 25) we've seen at least 6 similar tiny changes where price creeps up to $10900 and comes back down to $10200 and repeats this trend again and all the 1-5% drops and rises in between. which means this current "drop" has absolutely no significance. it could have if price has been dead-stable and was going from $10500 to $10550 then back down for 2 weeks! or if the price drop were down to $9k range.

I don't think that this time Wall Street will allow everyone to buy cheap bitcoin! In March, the collapse of Bitcoin was not very expected! This time everyone is just thinking about it!
And it is not profitable to drop the markets before the upcoming elections...

Now you're oversimplifying things. I did not say that every 1-2% price drop is due to what happens in the stock market. At times - if not frequently - there is no correlation between the two; after all, the U.S. stock market is only open for 8-9 hours a day. However, when something drastic or nationally newsworthy happens that makes investors worried, they dump their highest risk asset first, which is... can you guess what it is? Bitcoin! Bitcoin is the most risky asset category known to man (or Wall Street anyway).

Given what happened with the covid market crash in March, its hard to miss the fact that Wall Street now owns a decent amount of bitcoin, and its easy to understand that their frame of mind could rub off on the bitcoin market as a whole. The more institutional investors enter the scene, the clearer this correlation will become. I suspect you'll never admit to being wrong, but that's OK, there's not much more I can say to change your mind.

You are already updated, I think there is no too much impact with the use of this on the cryptocurrency especially to the bitcoin, but I think we still need to monitor all the things might happen because recently there is unstable market movement of the bitcoin (well the market is volatile), also trump is already prone to the covid he goes into different places at the same time reaching different people, aside of it we need to consider the age too, but this has still impact on their country and needed to take an action because most of the rules and the instructions are came from the president.


Panic selling is not too much prefer because there is no activity yet with the market movement, also if you got a wrong prediction or move it might cause of the mistake and lose your money.

This recent price dump is not that big compared on what happened in March dump. And also those who buy during the dump due Covid are those user that sold during early stage of the dump to get a new position on BTC. We can't give all the price recovery to wallstreet because we have no evidence and also the order book of BTC during that time was very thin that's why price was too easy to pump again.

This current minor pullback is just a result of whale that panic sell when they read the news about bitmex. He will re enter soon once everything was settled that will result for price recovery.

i don't disagree. if something noteworthy happens that affects the global economy then it can also affect bitcoiners financial situation and that changes their plans. but there still is absolutely no correlation between stock market and bitcoin.

that's your mistake. what happened with Covid was not US specific (whereas Trump getting Covid is). it was global and the global economy was affected hence bitcoin was also affected. again believe me when i say there is an entire world outside of US :D

it's actually funny that not so long ago everyone was saying that China controls bitcoin and whenever some crap happened there everyone jumped at bringing up the same arguments. now China is replaced by US! for example back in 2016 everyone was saying the same exact thing: "Chinese stock market pumped bitcoin price" and "Shanghai market index dumped it" in 2014!

https://specials-images.forbesimg.com/imageserve/5ebbca2a85370c0006a42861/960x0.jpg?fit=scale (https://www.forbes.com/sites/investor/2020/05/13/bitcoin-and-stocks-correlation-reveal-a-secret/#482b503112c2)

You are absolutely wrong here and you become more wrong with each passing month that more institutional money flows into bitcoin. You've been wrong on this issue for years, you're wrong today, and you'll be even more wrong tomorrow.

https://www.investopedia.com/news/why-bitcoin-new-stock-market-indicator/
https://www.coindesk.com/bitcoins-price-correlation-with-sp-500-hits-record-highs
https://cointelegraph.com/news/correlation-between-bitcoin-price-and-stocks-reaches-a-new-all-time-high
https://www.forbes.com/sites/investor/2020/05/13/bitcoin-and-stocks-correlation-reveal-a-secret/#482b503112c2
https://currency.com/why-bitcoin-correlations-with-the-s-p-500-are-worrying-right-now

This is the most recent article and definitely worth a read:

https://blockchain.news/analysis/Why-bitcoin-price-correlation-stock-market-is-high-now


I'm talking about the sudden drop in the US stock market that happened in March, during which bitcoin dropped right alongside it. On that day there was absolutely 100% correlation between the stock market and bitcoin: Sensing panic, Wall Street investors pulled their money out of high risk investments, one of them being bitcoin, causing the price of bitcoin to drop. It's not an extraordinarily difficult concept to grasp -- I don't understand why you are fighting it so hard.


Yes and the financial health of that world is largely dependent on what happens inside of the US, just like bitcoin. Its an easily-visualized, inescapable reality.

This will be the catalyst for a big dump, but it will be good, all the market will react negatively, like crypto, already down 2%, Nasdaq, DOW, S&P. So this is another chance to accumulate again. So let's see what will be the effect in the next 24-48 hours, we might see a bit more downside.

And this might shake the US economy, it has been reported that it has slumped to 31% in Q2. And this might be good for Bitcoin though, smart investors from traditional markets are looking for other assets to hedge their funds and this is where crypto comes into picture.

It was like a coincidence, for what happened just lately in Bitmex, followed by Trump acquiring Covid 19. I can say, we will have a declining market this October.

I am not directly correlating the impact of US president especially in the US presidential election, but Trump as far as I know is a business tycoon with huge relation to stocks, and stocks on the other hand has also relationship with crypto as other stock investor is also eying on cryptocurrency and might also have investment on crypto too.

Most of the world population will be infected at some stage, so it is good news that he is getting his immunity at last. The surprise should be that it has taken so long. Anyway, the test only check for antibodies, so that means his body is coping with the infection. That assumes that the teat is accurate of course.

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 .

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

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.)

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...

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.

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.

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.

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 :P.

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.

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 (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.

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.

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

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

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 .

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.

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.

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.

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). ;D

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.

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.



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.

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!

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.

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.

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.

I don't think Trump gets COVID-19 the cause of the crypto market crash, because there is no connection between the crypto market
and Trump's health. When it comes to the BitMex case, I believe it has something to do with the decline in cryptocurrency prices.
Why do many people link this, because of the role of the media in spreading FUD. This becomes a misleading thought, but for me
it's not a problem with the cause of the crypto market crash, whether it's because Trump or not. The most important thing is that
the Bitcoin price is still safe not to fall below the $ 10,000 price.

Trump or Biden, doesn't matter - Honey badger don't care.

Maybe there's short-term volatility, but in the long-term Bitcoin will decouple from the stock market - it's completely fake. This money printing disease can't be stopped. People will be forced to exit fiat, to avoid going broke. You want to be in scarce assets, Bitcoin your first priority. Once you realize how little Bitcoin is actually available on the open market for the rest of the world, you want to buy as much as you can. I've noticed rare baseball & pokemon cards are on the rise. Obviously Gold & Silver will go to ridiculous highs too. Gold is in short supply, hoarded by central banks though - basically a manipulated fiat-based asset. Personally i'm not going there. Much easier to store/verify Bitcoin.

Patience.

The price will go vertical soon, you watch.This is just the beginning 2021 is going to be worse for the financial system. I'm not a pessimist, just a realist.

Believe it of not, stock price and Bitcoin somehow correlate but I believe that have to do with Walls Street manipulation. However, the words said in the article was not FUD because Trump does make an impact in the price of the stocks market and once hes sick most stock analysis will presume the price of stock to experience some dump in price.

president donald trump is recovered from covid 19 and he will become a negative now and he will come back at the white house so do not be afraid to bitcoin crash because bitcoin did not crash anymore

To this day it seems that the crypto market has not been affected too much by Trump's covid illness. We shouldn't be too worried about this, the President of the United States has a professional medical team to take care of him, I think Trump will soon recover.

https://news.yahoo.com/trump-covid-19-live-updates-121623379.html

It looks like Trump is okay with his situation now, not for sure if he finally tested negative but the way he talks, I believe he will recover quickly. I'm not sure if he will still insist on the existence of Covid-19.

But this is not the reason why we are worried about the crash sentiments coz it is definitely not, and even any country leaders will be tested negative that does not make sense anymore. The market trend moves freely, whether we like it or not, we can still experience ups and downs scenarios all the time.

I agree. I think they have nothing to do with each other.

Before Trump was reported positive, bitcoin price has been sideways in the range of $9800-11.200, As we remember, in the past few weeks the US economy is trying to recover, which we can see that the dollar index ( DXY ) has been increasing slowly, where when the dollar price rises, the bitcoin price will decrease, this is what I've been paying attention to in the last few months. Maybe there is indeed an effect from Trump's positive because we can also see a decline in the stock market, but seem like this will not give a long effect, sooner or later the price of bitcoin will rise again.

This topic have already been tackled on one of the threads here in the forum that I have read while roaming around the forum. There might be really a correlation with the market behavior of the market with the current health situation of Trump or just maybe it is a mere coincidence that the two scenario happens all at the same. There might be a relationship in a sense that as a leader of the country, investors got panic due to concern of his health and knowing he is a candidate for presidency that the policies he implemented might get affected once something bad happen to him. But there is nothing to worry about experiencing a crash for as we observe it is just a little declination and all seems to get back to normal for that dump is just a normal thing to happen. There might be an effect on the market but still it will recover in no time.

I am not really sure if the positive Covid test of Trump to make Bitcoin price drops or bearish on the crypto market. The Crypto market isn't owned by US government or Bitcoin price never follows US regulations. Moreover, traders or investors come from around the world, not only from the US. So, how can it make impacts on the crypto market? If there is a temporary drop in the market, some people may be playing with the FUDs.

The stock market sank and then bitcoin along with it. Another example of the price of BTC being tied to the stock market can be found in today's action when Trump announced there won't be a second round of stimulus.

https://cointelegraph.com/news/trump-delays-stimulus-bitcoin-dumps-in-shortly-thereafter

It's not the delay in stimulus that caused BTC to dump per se -- its the fact that Wall Street holds a lot of bitcoin now and bad news causes institutional traders to dump it first as it is their highest risk asset.

I don't get why some people are still fighting the obvious tooth-and-nail. You don't have to believe "America is important" or anything -- you just have to admit there's an increasingly occasional correlation between stock market movement and bitcoin movement.

 Hmm.  The last time I checked, the first Lady was not infected, but how come. I saw the news today and there was nothing like that, all I heard was Donald J Trump only and nothing else.

The deterioration of the health condition of the POTUS directly affects the entire economy. Also, we have seen the effects of the sudden rise or fall in dollar prices on bitcoin before. I hope Trump and First Lady will get over this illness soon.

I think bitcoin shouldn't go below $ 10,000. Trump or another politician can only have a short-term impact on Bitcoin ;), in which billions of dollars are invested.

I don't follow the news, but Trump is probably cured of COVID, since bitcoin has gone up again! Thank you Trump! ;D

In fact, all this news strangely appears at the right moment... And someone uses them successfully!

Being that the crypto market now is widely adopted as an investment option, there is the possibility of it responding to such situations. Most investors are wary of the economic implications of a Government response to situations that call for change in government programs.

It does not have to do anything with Trump getting positive and crypto falling. From yesterday the prices of bitcoin have started to rise ad after some time it has crossed 11k levels. Currently above 11350$ price and this clarifies that it should not have risen if it was liked to Trump’s case. Hope the prices continues to keep rising and achieve a new milestone.

Actually we didn't see that much of a dip as it was expected, both in the stock markets as well as the crypto currency markets. Maybe the markets have stopped reacting to corona virus now as it has been there for almost half a year. It's like the market has adopted to the virus.

The price fell and pumped during the pandemic.

Saying that, I don't think that we can actually see a correlation to these two since an economy and the stock market could be affected but Bitcoin and other cryptocurrencies are different. Going to the topic, I don't even think that the President and the first lady would be a cause of a dump as there are a lot of things that happened and I know for sure that this is just coincidence.

Trump doesn't control the price just like anyone else.
Don't try to connect everything to BTC price movement because not everything have effect on crypto price.