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

[Vishnu.Reang]

Know what? This can be a win-win situation for us. Considering how polarized the society in the US has become, I have a feeling that the Democrats will start supporting crypto if Trump badmouths it. And remember, the Democrats got more votes than the Republicans during the POTUS elections of 2016, and they swept most of the larger states such as California, NY and Washington.

[fabiorem]

Libra is competition to the dollar.

Bitcoin is competition to gold.

That being said, I dont believe anything the US president says about crypto will affect the price of bitcoin. It will affect libra instead.

[Tylev]

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

Bitcoin is currently hovering just over $10000.

I don’t think that Donald Trump’s recent statement about bitcoin and cryptocurrency can significantly affect the price of bitcoin. The statement did not have a sharply negative character or its negative plans as president in relation to cryptocurrency. Moreover, next year there will again be a presidential election in the United States and Trump’s current attitude is not so important. In the meantime, we have seen that lately the price of Bitcoin has practically not been exposed to bad news.

[cryptoperkele]

None what so ever. And i highly doubt that he wrote that tweet anyway. It was almost coherent unlike his usual ramblings. Sure it was inaccurate as well but i am betting that the wording was from someone else.

[STT]

looks like I was right. Trump has caused a cascade in an already shaky situation.

Cascade and cheaper prices seem like vastly different concepts to me.   If you go shopping and your favourite beer is on special 25% off,  would your reaction be ,its a cascade I no longer am thirsty or have any preference for this beer.   Cheaper is worse or possibly we shouldn't look at prices on one day, week or even year as being much of an indication for success.  
   If its cheaper then I hope it allows from entrants then if we never stopped rising.

The Trump statements dont have to matter that much, he is just one man and I never evaluate a nation and its potential by just their politics nevermind just the offhand comments of a singular person.   I understand actions can be taken but like the price its really the overall direction the country is proceeding that matters far more.  
  USA is technology capable and growth orientated and I believe USA will engage Bitcoin especially while it represents positive potential and the possibility for world trade; both great things in our time.

[shoreno]

I believe Trump's comment isn't connected in the fall we are having.

i also believe that because even if there are no bad news  , bitcoin is still going down due to some other reasons   . there were also times that there are lots of bad news but bitcoin was in a stable condition  .

It doesn't make others to panic.

to some it can cause panic attacks especially to those people that are on the u.s

Maybe there is something that cause this sudden dump, idk maybe a selling point of traders or something else. Anyways, nothing to worry that much, pretty sure it will recover next month.

the dumps are basically caused when a person sells but your right  . the value of btc is known to recover over and over again so i wont worry .

[adaseb]

There are too many people that think his tweet was bullish for the market. Their reasoning is that since he meantioned it, it means it is going mainstream and bullish for price. I think the only reason why he meantioned Bitcoin was probably due to all the mess that Libra created that week, if Facebook never went into Crypto then most likely it wouldn't be on his radar.

I don't think he can outright ban it but if he meantions something of this sort then most likely price will tank because all the US institutional investors would be running for the doors. And that would definitely put a negative trend on the price, even though it might not actually get banned in the US.

[Polar91]

I think that its recent comments about Bitcoin and cryptocurrencies will discourage many people to buy or trade this coins, because he have so many followers and fans around the world, and already its Twitter account is very popular.
But I believe that BTC price will go up despite these comments because its community is also very big.

Perhaps for the future investors who are considering to invest in Bitcoin and also a fan of Trump at the same time. However those who are investors that are already fan of Bitcoin and Trump wouldn't be discouraged and also those who believe in Bitcoin and not a fan of Trump. In my point of view since US citizens are one of the largest investors in Bitcoin, it may hurt a lot to Bitcoin's price.

[buwaytress]

For once, I'm actually in agreement with almost all the points in today's Forbes article by Kyle Torpey. If all of what Trump wants he gets: quantitative easing, remittance restrictions, clamping down on end-to-end encryption.

And I'll always take the point of view that any form of censorship, any form of money restriction, money control -- will force people towards Bitcoin.

In fact, any direct moves against Bitcoin itself also promotes better use. Ban bitcoin exchanges, people go p2p. Ban bitcoin services via ISPs and people learn to use Tor and tunnels.

[Mahanton]

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

Bitcoin is currently hovering just over $10000.

We might see some fundamentals that we do thought that's the main reason why bitcoins price or entire market movement goes slump due to those words.

Actually,we wouldn't know if this is the real reason or not or just simply being dragged up by those comments or words by most popular or powerful people.
They can tell all the things they do want but no one can point out on why bitcoins price do pump or dump.

[iv4n]

I like it. Trump has +62 million followers on Twiter. If you also include the potentially hundreds of millions of people around the world that heard about it due to the mainstream media covering it, then it gets even better. No matter how much money you spend on advertising, you won't be able to generate as much exposure as Trump did with that one Tweet.

I'm looking forward to his next Tweet and the media attention that it will generate. If the president of the most powerful country in the world keeps talking about that Bitcoin thingy, it might actually be worthwhile for no-coiners to start looking into it. One thing is sure, even if people still don't like Bitcoin, the name is something they will never forget.

In the end everything comes down to marketing. This kind of advertise can`t be paid, and in long run this benefits bitcoin. If the price suffered cause of Trumps tweet, it will be temporary, but more people will hear about it, more people will talk about it, bitcoin is gaining popularity whenever he wrote something about it, good or bad.
I`m looking forward to his next tweet about crypto, too.

[CryptopreneurBrainboss]

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.

Many bitcoin enthusiast don't seem to agree with this truth but that's just the fact. The market was trying to break the $13,000+ resistance level until the tweet came along and the media did what they know best (spread fud with any negative news they can get their hands on), even my local news media was reporting trumps tweet (that's how I even got to know of the tweet). We shouldn't denial the fact emotions still plays a major role in the cryptocommunity. It's one of those reason bitcoin price spike higher (due to fomo) and decline (due to fud). The tweet did have a major effect on bitcoin price but bitcoin will definitely bounce back, Just like old times.

[omonuyak]

When he tweeted it, there was no effect on price whatsoever. There are probably other reasons for current dump, and not that tweet.

That is how I see it too. The president tweet is just a coincidence and it has nothing to do with the current market behavior. I even like the current market conditions and his comments just justify bitcoin and it means the probability of banning bitcoin is moving close to the impossible level. Trump will one day buy bitcoin! Though he is not a  fan of bitcoin now.