[UPDATED] Donald Trump's stance on Bitcoin is changing, where is the Trump pump?

[franky1]

idiots thinking bitcoins ATH and corrections are happening purely and only due to US politics

people are already trying to re-write history by pretending the 2017 ATH was a trump pump. and then saying how the 2018 correction was the trade war dump
people are already trying to re-write history by pretending the 2021 ATH was a biden covid stimulus cheque pump/'elon bought bitcoin pump'
people are already trying to re-write history by pretending the 2022 correction low was a biden dump due to biden's SEC control which lead to FTX drama

..
lets set the records straight.. even without pre-knowledge of future US-politics

we will see the true 2025 ATH late 2025
we will see 2026 correction bear
in 2027 there will begin the bull to 'price in' the 2028 halving
in 2029 will be next cycles ATH season ending the bull, and starting the bear of the 2030 correction

it doesnt matter who is candidate/president in 2028-9  or the political relationships globally 2026-2030..
there will be a halving and then ATH in 2028-29 so expect the bull from 2027, no matter what presidential candidate, election, global relations are 2027-2030

..

yes small term drama can cause small term sentiment of investors political leanings to result in small term pump/dumps..
but that drama is not the big events of big market movements, usually these drama events are temporary and small market changes and correct themselves shortly after.. however lets not confuse these small term drama with the normal ebb-flow of bitcoins main events, lets not pretend bitcoins main events are only due to us politics-relations

[fikrett]

This might be because the people who will pump the cryptospace market, these institutions similar to Blackrock, Fidelity and Vaneck

Or maybe that is wrong and bitcoin is not some pump and dump shitcoin that some companies can easily pump (and dump).

Now look at the history. This is not the first time that global recession negatively affects bitcoin. We had 2 other cases with pandemic and the Russia-NATO war both of which caused recession and consequently caused a bitcoin drop.
This is the third major case and this time because of Trump tariffs which is worsening the recession and consequently affecting bitcoin price...

I too think the global recession fear is caused by these tariffs => it hits the broader market => the fear comes, eventually, to the crypto market too.

So, overall, we ourselves - shouldn't fear anything, only hodl and see through the storm eventually. No manipulation or event would be able to make us do otherwise.

[shield132]

idiots thinking bitcoins ATH and corrections are happening purely and only due to US politics

people are already trying to re-write history by pretending the 2017 ATH was a trump pump. and then saying how the 2018 correction was the trade war dump
people are already trying to re-write history by pretending the 2021 ATH was a biden covid stimulus cheque pump/'elon bought bitcoin pump'
people are already trying to re-write history by pretending the 2022 correction low was a biden dump due to biden's SEC control which lead to FTX drama

..
lets set the records straight.. even without pre-knowledge of future US-politics

we will see the true 2025 ATH late 2025
we will see 2026 correction bear
in 2027 there will begin the bull to 'price in' the 2028 halving
in 2029 will be next cycles ATH season ending the bull, and starting the bear of the 2030 correction

it doesnt matter who is candidate/president in 2028-9  or the political relationships globally 2026-2030..
there will be a halving and then ATH in 2028-29 so expect the bull from 2027, no matter what presidential candidate, election, global relations are 2027-2030

..

yes small term drama can cause small term sentiment of investors political leanings to result in small term pump/dumps..
but that drama is not the big events of big market movements, usually these drama events are temporary and small market changes and correct themselves shortly after.. however lets not confuse these small term drama with the normal ebb-flow of bitcoins main events, lets not pretend bitcoins main events are only due to us politics-relations

Politicians try to attach the positive trend of Bitcoin and bull runs to themselves to appear with a good image in front of public. Anyone who really believes that Obama, Trump or Biden had to do anything with Bitcoin is either newbie or an old dumb. Bitcoin had bull runs in 2017 and 2021 because the mining reward decreases by 1/2 every 4 years while the demand on Bitcoin increases. This means that there is a big demand and less and lesser supply every 4 years, so this automatically creates an environment where Bitcoin's price goes up. There is also another factor, 50% less reward for miners means terribly unprofitable mining operations, Bitcoin's price increase is also necessary in order to give miners profitability to continue Bitcoin mining. There are more than enough reasons to be assured that Bitcoin's price increase doesn't belong to Trump's, Biden's or anyone's actions.
When China banned Bitcoin mining what happened? Nothing significant, a sudden sharp decrease in price which later got recovered. Politicians can only create a short moments but long-term moments aren't dependent on them.

[ultrloa]

idiots thinking bitcoins ATH and corrections are happening purely and only due to US politics

people are already trying to re-write history by pretending the 2017 ATH was a trump pump. and then saying how the 2018 correction was the trade war dump
people are already trying to re-write history by pretending the 2021 ATH was a biden covid stimulus cheque pump/'elon bought bitcoin pump'
people are already trying to re-write history by pretending the 2022 correction low was a biden dump due to biden's SEC control which lead to FTX drama

..
lets set the records straight.. even without pre-knowledge of future US-politics

we will see the true 2025 ATH late 2025
we will see 2026 correction bear
in 2027 there will begin the bull to 'price in' the 2028 halving
in 2029 will be next cycles ATH season ending the bull, and starting the bear of the 2030 correction

it doesnt matter who is candidate/president in 2028-9  or the political relationships globally 2026-2030..
there will be a halving and then ATH in 2028-29 so expect the bull from 2027, no matter what presidential candidate, election, global relations are 2027-2030

..

yes small term drama can cause small term sentiment of investors political leanings to result in small term pump/dumps..
but that drama is not the big events of big market movements, usually these drama events are temporary and small market changes and correct themselves shortly after.. however lets not confuse these small term drama with the normal ebb-flow of bitcoins main events, lets not pretend bitcoins main events are only due to us politics-relations

Politicians try to attach the positive trend of Bitcoin and bull runs to themselves to appear with a good image in front of public. Anyone who really believes that Obama, Trump or Biden had to do anything with Bitcoin is either newbie or an old dumb. Bitcoin had bull runs in 2017 and 2021 because the mining reward decreases by 1/2 every 4 years while the demand on Bitcoin increases. This means that there is a big demand and less and lesser supply every 4 years, so this automatically creates an environment where Bitcoin's price goes up. There is also another factor, 50% less reward for miners means terribly unprofitable mining operations, Bitcoin's price increase is also necessary in order to give miners profitability to continue Bitcoin mining. There are more than enough reasons to be assured that Bitcoin's price increase doesn't belong to Trump's, Biden's or anyone's actions.
When China banned Bitcoin mining what happened? Nothing significant, a sudden sharp decrease in price which later got recovered. Politicians can only create a short moments but long-term moments aren't dependent on them.

Well that's part of how shitty they are when in terms of putting their selves on the limelight, but the fact is they don't have nothing to do with Bitcoin pump and dumps. Its just there are people still believing that this officials have ability to control the market while the fact is there's no one can control it and they are just there playing the minds of people.

Its limited supply and rising demands is the reason why Bitcoins pump and people should not link it on what word say by Trump or who they think famous since they are not there in the first place when Bitcoin is gaining popularity and they are just riding with it for their political gains. Those situation you mentioned like what China done with Bitcoin is good indicator that anything negative action they do will just create short term effect on Bitcoin. Also right now we see the market is recovering and I guess people already slowly moving on the issues created by Trump.

[bbc.reporter]

This might be because the people who will pump the cryptospace market, these institutions similar to Blackrock, Fidelity and Vaneck

Or maybe that is wrong and bitcoin is not some pump and dump shitcoin that some companies can easily pump (and dump).

Now look at the history. This is not the first time that global recession negatively affects bitcoin. We had 2 other cases with pandemic and the Russia-NATO war both of which caused recession and consequently caused a bitcoin drop.
This is the third major case and this time because of Trump tariffs which is worsening the recession and consequently affecting bitcoin price...

No one is implying that bitcoin is a pump and dump. I am only speculating that the investors that can pump bitcoin to a higher market capitalization are still waiting for a much clearer before twapping billions of their money on bitcoin.

In any case, it appears that the market is presently pumping because of the announcement that the Donald will pause these tariffs hehehe. This picture is very headshaking because it looked like to be an episode from the television series The Office heheheheh.

[pooya87]

In any case, it appears that the market is presently pumping because of the announcement that the Donald will pause these tariffs hehehe.

Going up and down between $74k and $84k is not exactly "pumping", it is just showing an undecided market that was artificially pushed down to $74k but couldn't remain there because it is undervalued but at the same time it can't go up because the panic sellers are still active.

The tariffs or better say The Tariff War is not pausing. Don't fall for the long list of countries, that list is long just because Trump as a delusional person who I like to call "emperor wannabe" likes to appear strong. He wants to say "Look, I'm so strong, I'm fighting the whole world". Most of the countries in the list were in there so that Trump could put some pressure on them so that they obey his various demands.

Otherwise only a handful of those tariffs mattered in that long list and none of them were paused.
For example the 47% tariffs on Madagascar that only exports $0.5 billion to US doesn't matter at all because it is small and most of what they export is not exactly strategic like clothing and vanilla!

But the 54% tariffs on China that exports over $400 billion to US is important. That is not only not paused but also increased to 125% now. Not just that, China is retaliating and is now introducing 104% reciprocal tariffs on imports from US.
That is where the tariff war is and that is not pausing.

[nutildah]

In any case, it appears that the market is presently pumping because of the announcement that the Donald will pause these tariffs hehehe.

Going up and down between $74k and $84k is not exactly "pumping", it is just showing an undecided market that was artificially pushed down to $74k but couldn't remain there because it is undervalued but at the same time it can't go up because the panic sellers are still active.

He's just talking about the recent 24-hour price action, and in terms of recent action, 8% for BTC I would say constitutes a "pump."

I'm not in disagreement with the rest of your post but I can't help but think The Trumpet thinks he is doing some kind of showdown deal with China, where the first one to blink loses. He's trying to position himself to make what he thinks is a great deal with China. Meanwhile peoples' 401ks are being used as bargaining chips. I'm not sure if things will recover sooner rather than later, but they will eventually recover.

[pooya87]

He's just talking about the recent 24-hour price action, and in terms of recent action, 8% for BTC I would say constitutes a "pump."

Fair enough.

I'm not in disagreement with the rest of your post but I can't help but think The Trumpet thinks he is doing some kind of showdown deal with China, where the first one to blink loses. He's trying to position himself to make what he thinks is a great deal with China. Meanwhile peoples' 401ks are being used as bargaining chips. I'm not sure if things will recover sooner rather than later, but they will eventually recover.

The other problem is that the demands they have of China (which weren't started by Trump) are unreasonable and nobody would ever accept them least of all China. They are basically complaining that because Chinese economy is growing, it is taking the market from US.
It would be like Kraken exchange created in 2011 carried out a DDoS attack on Coinbase exchange created in 2012 claiming that its creation and growth is taking their market and revenue so they'll attack them to force them to accept their demands and shrink so that Kraken can continue having higher revenue!

So his approach doesn't really matter, the result is the same. It ain't gonna work.

[bbc.reporter]

In any case, it appears that the market is presently pumping because of the announcement that the Donald will pause these tariffs hehehe.

Going up and down between $74k and $84k is not exactly "pumping", it is just showing an undecided market that was artificially pushed down to $74k but couldn't remain there because it is undervalued but at the same time it can't go up because the panic sellers are still active.

He's just talking about the recent 24-hour price action, and in terms of recent action, 8% for BTC I would say constitutes a "pump."

I'm not in disagreement with the rest of your post but I can't help but think The Trumpet thinks he is doing some kind of showdown deal with China, where the first one to blink loses. He's trying to position himself to make what he thinks is a great deal with China. Meanwhile peoples' 401ks are being used as bargaining chips. I'm not sure if things will recover sooner rather than later, but they will eventually recover.

Agreed. I was not implying that pumping means that bitcoin is pumping similar to a bull market pump. It only implies that there are more people who were pumping on the announcement.

Also agreed on your statement on these tariffs declared by the Donald. This is very much clear that these are being used as a type of deal making tool and the target is China. Will this work? We cannot be certain because it appears that China is ready for the volatility of the Donald's presidency heheheeh.

[Rustam Meraj]

Well that's part of how shitty they are when in terms of putting their selves on the limelight, but the fact is they don't have nothing to do with Bitcoin pump and dumps. Its just there are people still believing that this officials have ability to control the market while the fact is there's no one can control it and they are just there playing the minds of people.

Its limited supply and rising demands is the reason why Bitcoins pump and people should not link it on what word say by Trump or who they think famous since they are not there in the first place when Bitcoin is gaining popularity and they are just riding with it for their political gains. Those situation you mentioned like what China done with Bitcoin is good indicator that anything negative action they do will just create short term effect on Bitcoin. Also right now we see the market is recovering and I guess people already slowly moving on the issues created by Trump.

Bitcoin value comes from its limited supply and growing demand not from famous people or government leaders. Because it is decentralized no one person or group can control market. Market reacts to news but this is usually because traders are panicking to sell or buy. When governments take action like China did it only affects market for short time and then it bounces back. Famous people like Trump might get attention for talking about Bitcoin but their words do not have big impact. They mostly just try to benefit from Bitcoin popularity. Market ability to bounce back and adapt shows its strength and understanding what drives it is important.

[pooya87]

Also agreed on your statement on these tariffs declared by the Donald. This is very much clear that these are being used as a type of deal making tool and the target is China. Will this work? We cannot be certain because it appears that China is ready for the volatility of the Donald's presidency heheheeh.

As we know this war will cause inflation in the US which means they'll have to control it. One way is to keep the energy prices low. Something they've managed partially with the help of Saudi dictators in Arabia. But $60 for oil was not the best and with the recent Chinese retaliation it needs to be pushed even lower (between $15 to $30).

If they manage to convince OPEC to push the price lower (and basically ruin their own economies and endure high inflation themselves) then the chances of it working increases.
But that is a big "if"...

[john_egbert]

Agreed. I was not implying that pumping means that bitcoin is pumping similar to a bull market pump. It only implies that there are more people who were pumping on the announcement.

Also agreed on your statement on these tariffs declared by the Donald. This is very much clear that these are being used as a type of deal making tool and the target is China. Will this work? We cannot be certain because it appears that China is ready for the volatility of the Donald's presidency heheheeh.

It's a game of cards and each bluffs till another one is dried out.

That's basically what is happening, imo.

[bbc.reporter]

Also agreed on your statement on these tariffs declared by the Donald. This is very much clear that these are being used as a type of deal making tool and the target is China. Will this work? We cannot be certain because it appears that China is ready for the volatility of the Donald's presidency heheheeh.

As we know this war will cause inflation in the US which means they'll have to control it. One way is to keep the energy prices low. Something they've managed partially with the help of Saudi dictators in Arabia. But $60 for oil was not the best and with the recent Chinese retaliation it needs to be pushed even lower (between $15 to $30).

If they manage to convince OPEC to push the price lower (and basically ruin their own economies and endure high inflation themselves) then the chances of it working increases.
But that is a big "if"...

Agreed. However, in a few of the Donald's speeches on his campaign was he mentioned that he wanted America to increase their production of crude oil because according to him, producing 20% of the world's supply is not enough for America, production should increase to lower the prices. I reckon he might want America to drill for more crude oil instead of shale oil? Shale oil is America's main source of oil. This type is more expensive to refine and this is more expensive to extract.

I reckon this will be very much needed if the Donald is really serious on his roadmap on bringing back factories in America because this will certainly need cheap energy.

[pooya87]

Agreed. However, in a few of the Donald's speeches on his campaign was he mentioned that he wanted America to increase their production of crude oil because according to him, producing 20% of the world's supply is not enough for America, production should increase to lower the prices. I reckon he might want America to drill for more crude oil instead of shale oil? Shale oil is America's main source of oil. This type is more expensive to refine and this is more expensive to extract.

I reckon this will be very much needed if the Donald is really serious on his roadmap on bringing back factories in America because this will certainly need cheap energy.

Exactly. Increasing production will help manage the price, something they did back in 2022 when they started the proxy war with Russia and oil was skyrocketing.

But it is worth mentioning that some analysts say that the main reason for the increased "drilling" is because it is believed (I don't know how correct it is) that in this decade, fossil fuels will lose their place as they'll be replaced. So they're trying to extract and sell as much of it as they can before it happens. Hence the increased production over the past decade (starting ~2012). Some even link it to the proxy war that US started with Russia that created a new market for US to sell its fossil fuels (ie. Europe which was previously buying oil/gas from Russia; now they are ordered to buy from US mainly).

Although I don't know how they can continue increasing production if the price were to tank like 2020 to $20-$30 since we saw back then the daily production that was almost 13 mill bpd tanked by about 4 million barrels. That would contract the policy of "sell as much oil as possible before it loses demand".

[bbc.reporter]

@pooya87. Replacing fossil fuels with the more expensive renewable energy will certainly kill the economies of the 3rd world countries and the consequence of this would also affect negatively the economies of countries that are exporting to the 3rd world.

Also, do you know why China has also become one of the biggest economies in the world? This is because of cheap energy. We can be quite certain that they will never reach their present status if they did not have this. I reckon that they use their oil production for domestic usage to produce cheap products to export to get dollars.

[pooya87]

Also, do you know why China has also become one of the biggest economies in the world? This is because of cheap energy. We can be quite certain that they will never reach their present status if they did not have this. I reckon that they use their oil production for domestic usage to produce cheap products to export to get dollars.

That's another thing. We keep talking about US but we forget to consider China. Cheaper energy will immensely benefit China as the "world's factory" which means it will negate a lot of the damage that US wants to inflict on Chinese economy by waging this war!

Another mistake US regime is making is not being capable of focusing on China alone. They are waging a war against the entire world. For example in the energy sector they have vast sanctions against oil rich countries like Iran, Russia and Venezuela. As US is isolated more every day, everyone else gets closer to each other. So China is now buying a lot of oil from these countries. Which means not only it will negate the US sanctions on these countries but it will negate the effects of US war with China on China.

@pooya87. Replacing fossil fuels with the more expensive renewable energy will certainly kill the economies of the 3rd world countries and the consequence of this would also affect negatively the economies of countries that are exporting to the 3rd world.

It is more complicated than that and it can even have the opposite effect.
The countries where their government budget depend on selling oil will face increased inflation if the oil price dropped (lower gov. income > printing more money > inflation) but it won't kill it which means their economies and production capacity will suffer which then means they become more reliant on imports from China which would continue mass producing everything cheaper!
So in short term it actually helps Chinese economy.

In the long run, it still backfires for US plans because it forces those countries to move away from depending on oil sales as well.
For example take Iran. As a developed country Iran has relied heavily on oil sales for a long time. But over the past couple of years they are moving away to other stuff.
Like in short term we are seeing more EV imports from China (which helps Chinese economy) but simultaneously the Iranian automotive industry is moving toward domestic production and year by year that capacity is increasing. Owning one of the largest supplies of Lithium (main component of EV batteries) helps as well!
Things are like this in other technologies as well like the Green Hydrogen Fuel.

[bbc.reporter]

@pooya87. Putin has said that America is 15 years too late already on controlling the circumstances on China. If he is correct, there will be nothing that will stop this powerful country from becoming the next empire of this world.

This will be headshaking because America, their people, their politicians and their military might begin to speculate that their only chance against the power of China will be a real war with nuclear weapons. This tariff war, we should be happy if the Donald gets some of his victories from this by bringing back some production in America. He is a businessman, we should wish that he will not become a warmonger.

[Reynaldo]

 Politicians only change their stance when they see votes or bags to be made. The fact that crypto has grown so much that even the old guard has to acknowledge it is the real win here. WAGMI regardless of who sits in the White House.

[bbc.reporter]

@Reynaldo. I very much agree, however, the Donald's administration has proven that they are not only supporting the cryptospace because of getting votes. I reckon that we can also agree that the Donald's recent actions have been very positive for the cryptospace. We can also be certain that it is more positive than the sleepy Biden administration.

On this argument, there might be another reason or much more reasons on why this present administration wants America to be the leader of the cryptospace. There might be a secret ingredient hehehe.

[pooya87]

@pooya87. Putin has said that America is 15 years too late already on controlling the circumstances on China. If he is correct, there will be nothing that will stop this powerful country from becoming the next empire of this world.

About 20 years ago when the US regime decided to wage a war against what they falsely call "Middle East" (the famous Bush order to "destroy" 7 countries in 5 years) and started carrying out terrorist attacks against civilians in 6 of those countries, they didn't expect it would take all their resources and they would end up wasting $12 trillion of American tax dollars with nothing to show for it.

Specially their funding, training and arming of terrorist groups including al-Qaeda which CIA used on September 2001 to attack Americans (as the United States Director of National Intelligence colonel Tulsi Gabbard confessed to the US congress a couple of months ago and also the declassified documents revealed about US regime's terrorist operations as part of Timber Sycamore ops proved) takes a LOT OF resources.

Obviously the world doesn't stand around while the US regime wastes America's resources. Everyone else moves ahead. China is only one of the countries that got ahead. This is why there won't be "one next empire of the world". The world is already moving to a multi-polar order.

This will be headshaking because America, their people, their politicians and their military might begin to speculate that their only chance against the power of China will be a real war with nuclear weapons. This tariff war, we should be happy if the Donald gets some of his victories from this by bringing back some production in America. He is a businessman, we should wish that he will not become a warmonger.

He is actually one of the biggest warmongers who has taken the Oval Office. It's just that unlike others like Bush, he has taken the office at a time when US is at its weakest and is getting weaker every day. Meanwhile there aren't any weak countries left that they can invade!
Take the situation in the Red Sea for example. Trump started a war against Yemen and even carrying out terrorist attacks against civilians in the poorest Arab country could not get them what they wanted and not just that the Yemenis are retaliating hard against the US military for a war that Trump began and not a day goes by without US navy being bombed 2-3 times.

As for China and nuclear war, it is so unlikely that I'd say it is impossible because of mutual destruction. To put simply if they nuke China, China would nuke them back and there won't be any US and China left on the maps in the aftermath...