How much do you think the President’s recent comments have hurt bitcoin prices?

[ramsdaj28]

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

I do think his comments slightly affect the bitcoin market (most probably the small investors). But as of moment, the value of btc is up by around 7% from yesterday. The small investors are the mostly affected by this comments of Trump because it might put some questions in their minds.

But for the whales and big investors, Trump's statement about bitcoin and other crypto is just a mere opinion. These whales know what they are doing (considering they're crypto experts), and that there's nothing to fear about what Trump has said.

Also, bitcoin is expected to make another leap in value IF Facebook's crypto survives congress hearings.
(https://www.coindesk.com/bitcoins-price-could-rise-if-facebooks-crypto-survives-congress-hearings)

[Ioann11]

My opinion - the words of the president did not hurt in any way, but on the contrary, his words made an advertisement for Bitcoin and cryptocurrency!

[stompix]

Maybe it's not Trump ?

Maybe? This after just 6 hours ago you opened a topic like this one?
Now it's an all out war : Government Vs cryptocurrencies

So, it's war or it's not?

No one is talking about today's big news? USA adopting crypto?
https://bitcointalk.org/index.php?topic=5165556.0

And you're going the opposite way.
For the others, Trump said he doesn't like it means war, for you a guy that despite his status holds no legislative power saying cryptos are not that ad means the US is going to adopt crypto.

It's so damn hard lately to find someone who doesn't overexaggerate things scaling everything tenfold.

[Pursuer]

if you look at the events of the past couple of days only in the market (looking at charts) ever since that tweet came out you can clearly see that the tweet itself had no effect on bitcoin price whatsoever but when you start looking at the social media you can see that people have been going crazy over it and many of them have been trying to link it to the price each expecting a different result. many considered it to be a bullish signal and many considered it a panic causing thing that can start a drop. it did neither. although I think it was a positive sign that is proving bitcoin's growth and the fact that it is growing so much that is now being noticed. they no longer can ignore it.

[diahsw]

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

Trump criticizes bitcoin, Libra and other cryptocurrency through his Twitter social media account. He stated that cryptocurrency is not a currency, and the official US currency is dollars. He also called Libra must have a foundation. If Facebook wants to become a bank they must obtain a bank license and be subject to banking rules. Sharp criticism made by President of the United States (US) Donald Trump of the Facebook crypto currency, Libra has a negative impact on the development of other digital currency stocks. From the monitoring of the CoinDesk site, the price of bitcoin is currently relatively stable, there tends to be an increase. When this news was written, the price of bitcoin against the dollar reached 11,643.30 US dollars. This is enough to prove that Trump's criticism has not been able to destabilize blockchain investors, which has caused the price of bitcoin to decline. Until this news was written, both Facebook and the White House still did not comment.

[dat.ho12492]

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

Just a fud. I do not think it is the main reason for sudden dump of bitcoin's price. There is another reason behind it. Maybe the huge sell off of a particular bitcoin whale. But for me , this is just a natural reaction of the market. The recovery and the correction stage before another bitcoin's huge spike will happen. And not with the negative statement of the President Trump. It's nothing to do about it.

I also do not believe that statement is the reason for the sharp decline of bitcoin, instead of thinking in this direction, I think differently, I think bitcoin's value increases too fast and current accumulation is not enough for whales to set higher pumps, so they need more accumulation periods, claiming to be just a coincidence, even without this statement, I believe that whales will create many other negative news. But perhaps Donald Trump is a whale in this area, and he wants the price of bitcoin to go down to accumulate through making this statement.

[killat]

I think that Trump's reaction was pretty much helpful as he advertised Btc for free.

It's a known fact that governments do not like crypto as they cannot control it.

[squatter]

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

The crash began the day before he tweeted anything. Maybe it encouraged some more people to sell, but it looks like the wheels were already in motion. Easy come, easy go -- that's the way I see it. Price was literally in the $7,000s last month.

I agree with the attitude that it's actually a very bullish long term sign. 5 years ago, could you have imagined the US President discussing Bitcoin? And the Treasury Secretary holding White House press conferences about it? It doesn't matter what their opinions are -- Bitcoin clearly isn't going anywhere. It's only going to get bigger.

[Japinat]

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

The crash began the day before he tweeted anything. Maybe it encouraged some more people to sell, but it looks like the wheels were already in motion. Easy come, easy go -- that's the way I see it. Price was literally in the $7,000s last month.

I agree with the attitude that it's actually a very bullish long term sign. 5 years ago, could you have imagined the US President discussing Bitcoin? And the Treasury Secretary holding White House press conferences about it? It doesn't matter what their opinions are -- Bitcoin clearly isn't going anywhere. It's only going to get bigger.

I agree with that, the current dump is just a temporary reaction from weak people and was also taken advantage by the whales.
I'm seeing at the big picture here like the future and it doesn't matter if there will be dump to come as I know the market can survive.
At this time, bitcoin is already trading below $10,000,$9500 to be exact.

[rodel caling]

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

For me I believe nothing negative effect the comment president of united states of america he hate bitcoin, because should as bitcoiners the importance and how bitcoin future become successful as new form of money. The current price dump I think and I am sure not because of the trump comment is part of the volality fluctuations.

[rodskee]

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

He is not a fan of bitcoin because he is from the government who can not manipulate bitcoin.Government wants to manipulate cryptocurrency but sad to say they can not do that.well while trump said this it has a big impact into crypto market.obviously after the message of trump about crypto bitcoin suddenly goes down.but to those who believe in bitcoin dont mind trump let still choose bitcoin and crypto to do most popular currency in the maret.donald trump can not do anything in crypto as long as we enjoy using bitcoin.still now theres a big impact into bitcoin of what trump said.but as you can see bitcoin user will still be there and never be lose.

[SuperTA]

Maybe it's not Trump ?

Maybe? This after just 6 hours ago you opened a topic like this one?
Now it's an all out war : Government Vs cryptocurrencies

So, it's war or it's not?

No one is talking about today's big news? USA adopting crypto?
https://bitcointalk.org/index.php?topic=5165556.0

And you're going the opposite way.
For the others, Trump said he doesn't like it means war, for you a guy that despite his status holds no legislative power saying cryptos are not that ad means the US is going to adopt crypto.

It's so damn hard lately to find someone who doesn't overexaggerate things scaling everything tenfold.

I think there's no overexaggeration here. It's the one way or the other. This news is extreme. So will be the result of this in the longterm. That's my opinion. I could be wrong. My thinking is that the government will regulate crypto which is the first step for adoption. Yes, they declared a war! But not against bitcoin! They declared a war to the bad boys who are abusing bitcoin for illegal activities. It's just like declaring a war against criminal who is using dolar for illegal activities. You won't declare a war agains the dolar. You will declare a war against criminal and you will clean up this mess and make it legit and aceptable.

[The Sceptical Chymist]

Well, at least he can't build a fucking wall around bitcoin like he's doing with the Mexicans because he's not a fan of them either. 

I mean, come on.  Why would someone like Trump, who's always been in bed with bankers, appreciate something like bitcoin?  Like Warren Buffett, he just doesn't need it--and if you've got billions of dollars in traditional investments, it makes sense that you wouldn't invest in an asset as volatile as bitcoin.  Super wealthy individuals do things to protect the wealth they have more so than trying to increase it.

Also, who the hell is still reading Trump's tweets?  That man should have his computer and smartphone confiscated and his lips sewn together.  Lol.  Can't wait for the next election.

[seoincorporation]

Donald Trump: I am not a fan of Bitcoin and other Cryptocurrencies.

Bitcoin is currently hovering just over $10000.

This morning i was asking myself about what was the factor behind this crash because bitcoin at $9500 doesn't look nice after the last bump weeks. But now that i read you commend now all have a sense... I read about those trump twits and i think they were irrelevant. but that factor and the libra in all the news should be the 'why' behind this crash.

[SuperTA]

I think this price action would happen even without Trump. The bull runs usually have several corrections. 40% correction in the bull  btc market is very usuall. It also likes to test weekly 21 EMA line. We didn't touch that line yet.

[pooya87]

I think this price action would happen even without Trump. The bull runs usually have several corrections. 40% correction in the bull  btc market is very usuall. It also likes to test weekly 21 EMA line. We didn't touch that line yet.

i actually don't think it would have happened like this without that tweet. the tweet itself didn't cause the drop as the drop began before it and after it market had no immediate reaction. but days after, the manipulation began and the pressure was put on the market by big sells that pushed the price lower and as $10k was broken the panic also broke out mostly with stop losses.

[Kakmakr]

I think the Tweet it self did not have an immediate impact, but the media attention it got just catapulted it into to a whole new level. The media just love negative news and this combined with the statements that Trump made about Facebook's Libra, just triggered a downward spiral in the price.

We have to agree that the Facebook announcement about Libra was the catalyst for the last few weeks increase in the price and that negative comments from the US President would most certainly have a negative impact on the price. Let's not kid ourselves and beat around the bush... the US economy is one of the strongest economies in the world and if they start banning Crypto currencies, Bitcoin will definitely feel the impact of that on the price.    

Luckily not a lot of people in the US agree with Trump's statements.  

[TheClownSong]

I think this price action would happen even without Trump. The bull runs usually have several corrections. 40% correction in the bull  btc market is very usuall. It also likes to test weekly 21 EMA line. We didn't touch that line yet.

That can be happen. Maybe there could also be an effect from Trump's statement on the bitcoin price even though it might be a little. But there were also those who took momentum of Trump's statement by selling bitcoin and realizing short-term profits. The market is indeed unpredictable and anything can be a reason for the increase or decrease in prices on the market

[Tahsin Kabir Kollol]

There is some influence after the president's recent comments but I do not think the President’s recent comments have hurt bitcoin prices very much. The president just gives his personal opinion and some people who have not proper knowledge, they react very much. Bitcoin is a  decentralized transaction system. It has own payment system and no one can control it. So  Bitcoin price decrease as usually.

[Anonylz]

It is very funny how many claim to be in crypto because of the technology yet they got so freaked out on every little tweets and post from non crypto users, Really? how do we expect to see adoption if we fret over every little tweets? it is very clear now that crypto is base on hearsay and not technology or people's lost over decentralization

why do we tag btc price drop to be the effect of Trump's tweet? is this the first time btc experience a drop in price? this is ridiculous