Trade wars to bring Bitcoin to 100k

[Wind_FURY]

OP, can you be specific in what you call "trade wars"? Please cite which economic policies made by the Trump administration will affect Bitcoin and then we can connect the dots and start a proper discussion.

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

For now it's just posturing, but China's response sparked fears of an incoming trade war:

Beijing signalled its readiness to go toe-to-toe with US President Donald Trump's campaign of tariffs against China on Friday, proposing new levies on 128 American imports that heightened market fears of a looming trade war between the world's largest economies.

Gold has already been hammering resistance in the $1,300s for some time, coiling for a move upwards. This might be a good catalyst:

Thanks.

But in a way, would you blame Trump on what he's trying to do? I believe he wants to build "US Steel" back to its former glory. There is nothing wrong about that.

Let's see if China can raise the tariffs on American products that they have grown to love. Hahaha.

I'm skeptical that Bitcoin will see the same sort of demand since it's not an established hedge. But I won't complain if the OP is right.

The time for it to become an "established hedge" is now. 

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[EdenHazard]

OP, can you be specific in what you call "trade wars"? Please cite which economic policies made by the Trump administration will affect Bitcoin and then we can connect the dots and start a proper discussion.

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

For now it's just posturing, but China's response sparked fears of an incoming trade war:

Beijing signalled its readiness to go toe-to-toe with US President Donald Trump's campaign of tariffs against China on Friday, proposing new levies on 128 American imports that heightened market fears of a looming trade war between the world's largest economies.

Gold has already been hammering resistance in the $1,300s for some time, coiling for a move upwards. This might be a good catalyst:

Thanks.

But in a way, would you blame Trump on what he's trying to do? I believe he wants to build "US Steel" back to its former glory. There is nothing wrong about that.

Let's see if China can raise the tariffs on American products that they have grown to love. Hahaha.

I'm skeptical that Bitcoin will see the same sort of demand since it's not an established hedge. But I won't complain if the OP is right.

The time for it to become an "established hedge" is now. 

the problem here about trump act extremely, not only this one but for every single policy he made impact an instability for this peaceful world , he don't want go for diplomatic way to solve this trade problem , he does have a point but the way he deal with anything always controversial.

we don't know really if this world economic situation could affected to bitcoin , it maybe making the world in crisis.

[blockman]

I like this by just watching what's happening in the market, holding would be the best thing to do. And with Trumps move there's a clearer side that he wants to declare what he wants to happen with the economy.

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

Trumps businessman's blood was never removed even after becoming the US president.

we don't know really if this world economic situation could affected to bitcoin , it maybe making the world in crisis.

It can.

[mindrust]

We are not going to see $100k before we hit the bottom first. Most of the $15k+ buyers are still holding their coins. First there needs to be some mega negative news so they can puke their coins or we need to go sideways for so long so  they'll lose hope and dump their stash. Just like after Gox, but on a bigger scale. Big investors want to get in as cheap as possible. Not from the ATH prices.

[DerekVazz]

We are not going to see $100k before we hit the bottom first. Most of the $15k+ buyers are still holding their coins. First there needs to be some mega negative news to they can puke their coins or we need to go sideways for so long so  they'll lose hope and dump their stash. Just like after Gox, but on a bigger scale. Big investors want to get in as cheap as possible. Not from the ATH prices.

Mega negative news that we'll see soon: USDT will turn into horse crap 

[ajdaj]

We are not going to see $100k before we hit the bottom first. Most of the $15k+ buyers are still holding their coins. First there needs to be some mega negative news so they can puke their coins or we need to go sideways for so long so  they'll lose hope and dump their stash. Just like after Gox, but on a bigger scale. Big investors want to get in as cheap as possible. Not from the ATH prices.

It seems to me that while the continuation will exceed the demand for bitcoins on the market, we do not know of any growth in the price of a coin. Although I have such a suspicion that Gox made this situation on the market artificially and intentionally, and not simply because it was repayable with debts.

[exstasie]

OP, can you be specific in what you call "trade wars"? Please cite which economic policies made by the Trump administration will affect Bitcoin and then we can connect the dots and start a proper discussion.

He's talking about Trump's new tariffs on steel and aluminum. In fact, Trump himself said "Trade wars are good, and easy to win" when he announced them.

For now it's just posturing, but China's response sparked fears of an incoming trade war:

Beijing signalled its readiness to go toe-to-toe with US President Donald Trump's campaign of tariffs against China on Friday, proposing new levies on 128 American imports that heightened market fears of a looming trade war between the world's largest economies.

Thanks.

But in a way, would you blame Trump on what he's trying to do? I believe he wants to build "US Steel" back to its former glory. There is nothing wrong about that.

He's just posturing himself. He's an outsider surrounded by vultures and he's desperate to reestablish his political base. Protectionist rhetoric always worked well for him because the economy is shite. Not because it will work.

It might be a near-term credit positive for domestic steel producers but it will hurt the many domestic industries that depend on steel (and aluminum) imports. That drives costs up for everyone from auto and boat makers to soup can manufacturers. It forces production costs up and holds American consumers hostage as other countries retaliate with tariffs and trade restrictions of their own.

I'm skeptical that Bitcoin will see the same sort of demand since it's not an established hedge. But I won't complain if the OP is right.

The time for it to become an "established hedge" is now. 

I don't think so. Bitcoin is still beta; experimental. A real liquidity crisis and loss of confidence in the equity markets would probably be very bad news. An end to easy credit and easy money in the markets, and the money flows into highly speculative assets like Bitcoin? I doubt it.

[btcone111]

No I don't think so.
trade wars will bring stock market down and bitcoin was already shown to be positively correlated with stock market.
So if stock market goes down a lot more, bitcoin will also go down a lot more.

[Suslura]

No I don't think so.
trade wars will bring stock market down and bitcoin was already shown to be positively correlated with stock market.
So if stock market goes down a lot more, bitcoin will also go down a lot more.

popularity on Bitcoin is already understated and the demand in the market is quite low. This all affects the pricing of all the crypto currency very sharply. I do not at all hope that this year 2018 there will be some positive changes.