[NEWS] Bitcoin Sinks to $100K as Trump Imposes Tariffs on Canada, Mexico, China

[traderethereum]

It appears that this trendline is very much real until it will be proven by the market that it is not by pumping over this. I wish this Trump dump will be over and we can begin to be friendly again with each other in the forum heheheheh. It appears that people have been in a not very good mood presently heheh.

In any case, I reckon that we might be witnessing something similar to the type of market condition where it was only up and down on a range from March to September.

So that will be sideways for the market, right? Hmm, I wonder if that will stay at the market for that long. But I hope that in the middle of this year, there will be a change for the market. If that can happen, maybe we can hope that the end of this year will bring a new good thing for us which is a big profit

But if the situation will be like this until the end of this year, that will make us hold on tight our belt. But we can not let that happen without taking benefit for ourselves by buying more and more Bitcoin that we can afford.

[tabas]

But if the situation will be like this until the end of this year, that will make us hold on tight our belt. But we can not let that happen without taking benefit for ourselves by buying more and more Bitcoin that we can afford.

That's what we have to do if this year ends with the same status of what we've got right now. And that is to keep on buying and those that have held for so long, there is still a lot of time to be made if you want to sell. But that's for you people to decide if that's satisfying after seeing that the price has moved a lot down after hitting the ATH. Let's see if things will be finer after the next weeks to come for this March, there seems to be a lot of actions that the Trump administration about to be made on this month.

[bbc.reporter]

It appears that this trendline is very much real until it will be proven by the market that it is not by pumping over this. I wish this Trump dump will be over and we can begin to be friendly again with each other in the forum heheheheh. It appears that people have been in a not very good mood presently heheh.

In any case, I reckon that we might be witnessing something similar to the type of market condition where it was only up and down on a range from March to September.

So that will be sideways for the market, right? Hmm, I wonder if that will stay at the market for that long. But I hope that in the middle of this year, there will be a change for the market. If that can happen, maybe we can hope that the end of this year will bring a new good thing for us which is a big profit

But if the situation will be like this until the end of this year, that will make us hold on tight our belt. But we can not let that happen without taking benefit for ourselves by buying more and more Bitcoin that we can afford.

We cannot be quite certain of the direction of this market if the Donald will continue his unpredictabiliness. I very much wish that it will be a pump, however, it appears that it might also be a Trump dump hehehehehe. He caused the pump to $100k, he can also cause a dump to $50k by starting the trade war again against China and America's own allies.

However, if there will be no chances on Trump's behavior, the trendline is real. I reckon that there are already people in the forum who are speculating what the market might be if Kamala received the presidential victory hehehehehehehehheheheehhe.

[NotATether]

[NEWS] Bitcoin Sinks to $100K as Trump Imposes Tariffs on Canada, Mexico, China

I almost wrote "falling upwards?" as a response but then I realized that this thread was from a month ago.

by the way, the tariffs will almost certainly go into affect today.

[Tonimez]

It appears that this trendline is very much real until it will be proven by the market that it is not by pumping over this. I wish this Trump dump will be over and we can begin to be friendly again with each other in the forum heheheheh. It appears that people have been in a not very good mood presently heheh.

In any case, I reckon that we might be witnessing something similar to the type of market condition where it was only up and down on a range from March to September.

So that will be sideways for the market, right? Hmm, I wonder if that will stay at the market for that long. But I hope that in the middle of this year, there will be a change for the market. If that can happen, maybe we can hope that the end of this year will bring a new good thing for us which is a big profit

But if the situation will be like this until the end of this year, that will make us hold on tight our belt. But we can not let that happen without taking benefit for ourselves by buying more and more Bitcoin that we can afford.

We cannot be quite certain of the direction of this market if the Donald will continue his unpredictabiliness. I very much wish that it will be a pump, however, it appears that it might also be a Trump dump hehehehehe. He caused the pump to $100k, he can also cause a dump to $50k by starting the trade war again against China and America's own allies.

However, if there will be no chances on Trump's behavior, the trendline is real. I reckon that there are already people in the forum who are speculating what the market might be if Kamala received the presidential victory hehehehehehehehheheheehhe.

I think that you have to understand that the china you're talking about are already planning to open a bitcoin reserve which would be a big gain to bitcoin. The current market behaviour is a product of speculations and would come to a reverse soon. The question is how much more bitcoin did you use this Dip to acquire? As a bitcoin investor, the best you could do is buy more bitcoin now.

[Kemarit]

^^ I'm not really sure about the Chinese news though, if it is from a valid source or not.

And as we can see, when Trump releases this news, the price really sink although we have someone recovered to $88,000 right now. But the thing is that this tariff war is not yet over, and Canada has responded already about banning the sale of US alcohol in Canada, so it means billions dollars worth of revenue is lost.

But the clincher is that the Canada is pointing out to the US businessman is that this is because of one man and that is Trump. Although again, the price is not yet affected by this statement, who knows what's going to happen short term or at least when this news settled down this month.

[justdimin]

As for the tariffs, I hope the U.S. benefits. If importers stop bringing in products due to high tariffs, American companies might have to produce their own goods to meet demand. High tariffs tend to discourage importers by cutting into their profits, which could also push prices up and make consumers less willing to pay.

The real tariff discussions is making this price go down a lot more at the moment, and we all wonder why. I mean tariff shouldn't make bitcoin go down, but in the end we need some recovery. Don't know what will start the recovery and how we will get better, but we really need to get better without a doubt, we are not doing that great at the moment. It is taking some time but we should be considering to get better with time eventually.

If we keep seeing these tariff discussions take longer then we could see crypto reach price we are not happy with. I hope that something better for crypto happens, like that strategic reserve finally starts and makes bitcoin go up, or the future is looking a little bleak for us.

[bbc.reporter]

^^ I'm not really sure about the Chinese news though, if it is from a valid source or not.

Agreed! The latest rumors from China is Beijing might be encouraging Hong Kong in participating in the markets of the cryptospace and the Xi of the Jin and the Ping will not impose strict regulations on this jurisdiction. I reckon this might be an experiment on what they witness to be good or bad for this participation by Hong Kong and what Beijing will use the good for the entry of Shanghai in the cryptospace.

Also according to the rumor, the Xi of the Jin and the Ping gave a speech in front of Hong Kong's top finance executives and bankers. The speech was very encouraging for these bankers who want their own entry in the cryptospace.

[john_egbert]

^^ I'm not really sure about the Chinese news though, if it is from a valid source or not.

Agreed! The latest rumors from China is Beijing might be encouraging Hong Kong in participating in the markets of the cryptospace and the Xi of the Jin and the Ping will not impose strict regulations on this jurisdiction. I reckon this might be an experiment on what they witness to be good or bad for this participation by Hong Kong and what Beijing will use the good for the entry of Shanghai in the cryptospace.

Also according to the rumor, the Xi of the Jin and the Ping gave a speech in front of Hong Kong's top finance executives and bankers. The speech was very encouraging for these bankers who want their own entry in the cryptospace.

If they succeed, they will see results and copy-paste them.

If not, then, not much damage would be done.

Classic.

[pooya87]

And as we can see, when Trump releases this news, the price really sink although we have someone recovered to $88,000 right now.

I disagree. The dump began when that centralized shitcoin exchange was hacked and the funds that started moving caused the bitcoin crash.

As for China, they are still very busy accumulating gold. But I wouldn't be surprised to suddenly find out they own a massive bitcoin stash as well.

[sana54210]

Thankfully, we are finally recovering and this whole bad red market period is looking like it's ending. We have done long and hard enough with all of this problems on the tariffs, not even just Canada and Mexico, but the big china deal was terrible too.

I am sure that we are going to end up with a better result eventually, we just need to make sure that we can handle this period with silence and nothing big happens. That is because we want bitcoin to go up, and whenever leaders of nations attack each other, that doesn't really end well with anyone, that is not something we can fix at any point, we just need to make sure that we are dealing with how things could go on without much trouble and the green may continue very well.

[Baofeng]

And as we can see, when Trump releases this news, the price really sink although we have someone recovered to $88,000 right now.

I disagree. The dump began when that centralized shitcoin exchange was hacked and the funds that started moving caused the bitcoin crash.

As for China, they are still very busy accumulating gold. But I wouldn't be surprised to suddenly find out they own a massive bitcoin stash as well.

Classic Chinese deception?  

Prices seems to settle at $90k, we have the so called Crypto Summit today so let's see how it will impact.

As for the tariffs, Canada and Mexico has responded as well, and so let's see who's going to hurt in the long run in the tariff war. Going to be a battle of resiliency, used to be ally, now they are in a tug of war because of Trump.

[bbc.reporter]

And as we can see, when Trump releases this news, the price really sink although we have someone recovered to $88,000 right now.

I disagree. The dump began when that centralized shitcoin exchange was hacked and the funds that started moving caused the bitcoin crash.

As for China, they are still very busy accumulating gold. But I wouldn't be surprised to suddenly find out they own a massive bitcoin stash as well.

I very much agree and this bitcoin under their control was collected and gathered might be very much similar to America's bitcoin reserve. Every bitcoin under China's control might have been collected through forfeiture proceedings.

I reckon that this is the correct decision by the Trump administration if we consider that America has a debt of $36.2 trillion. They cannot add more burden to American tax payers by turning them into our exit liquidity heheheheheheheheheh.

[pooya87]

And as we can see, when Trump releases this news, the price really sink although we have someone recovered to $88,000 right now.

I disagree. The dump began when that centralized shitcoin exchange was hacked and the funds that started moving caused the bitcoin crash.

As for China, they are still very busy accumulating gold. But I wouldn't be surprised to suddenly find out they own a massive bitcoin stash as well.

Classic Chinese deception? 

Prices seems to settle at $90k, we have the so called Crypto Summit today so let's see how it will impact.

As for the tariffs, Canada and Mexico has responded as well, and so let's see who's going to hurt in the long run in the tariff war. Going to be a battle of resiliency, used to be ally, now they are in a tug of war because of Trump.

When we check out the numbers we can clearly see that the tariff war is not working so far since the trade balance is getting worse as the deficit with majority of countries (specially big ones like China and India) is increasing very fast. I just started a topic on this with links to such stats: https://bitcointalk.org/index.php?topic=5534501.0

Now that countries including Canada, Mexico and China are responding, that trade deficit is going to grow even bigger because US exports will shrink as well. So in a way, the tariffs Trump added is already backfiring...

[Dave1]

And as we can see, when Trump releases this news, the price really sink although we have someone recovered to $88,000 right now.

I disagree. The dump began when that centralized shitcoin exchange was hacked and the funds that started moving caused the bitcoin crash.

As for China, they are still very busy accumulating gold. But I wouldn't be surprised to suddenly find out they own a massive bitcoin stash as well.

Classic Chinese deception? 

Prices seems to settle at $90k, we have the so called Crypto Summit today so let's see how it will impact.

As for the tariffs, Canada and Mexico has responded as well, and so let's see who's going to hurt in the long run in the tariff war. Going to be a battle of resiliency, used to be ally, now they are in a tug of war because of Trump.

When we check out the numbers we can clearly see that the tariff war is not working so far since the trade balance is getting worse as the deficit with majority of countries (specially big ones like China and India) is increasing very fast. I just started a topic on this with links to such stats: https://bitcointalk.org/index.php?topic=5534501.0

Now that countries including Canada, Mexico and China are responding, that trade deficit is going to grow even bigger because US exports will shrink as well. So in a way, the tariffs Trump added is already backfiring...

And with that, the Trump administration has change their tune, Trump team hits pause on tariffs - but still sees them as vital tool.

So it a pause for now, and will resume next month. But very short  for this countries to make their adjustment and I do think that Trump will continue to impose this tariffs, hence widening this trade war between this countries and we have seen that they also responded swiftly against Trump and that's why he had second thoughts right now.

[JeffBrad12]

Thankfully, we are finally recovering and this whole bad red market period is looking like it's ending. We have done long and hard enough with all of this problems on the tariffs, not even just Canada and Mexico, but the big china deal was terrible too.

I am sure that we are going to end up with a better result eventually, we just need to make sure that we can handle this period with silence and nothing big happens. That is because we want bitcoin to go up, and whenever leaders of nations attack each other, that doesn't really end well with anyone, that is not something we can fix at any point, we just need to make sure that we are dealing with how things could go on without much trouble and the green may continue very well.

too bad the tariff news comes up again and market dumped again.
the problem with current market is, although trump's tweet toward crypto has been nothing but bullish, the news about tariff easily negates the effect, so as a result, we got sideways.
now even US is in a tariff war against canada, china even has recently joined the war, I don't expect much from the market for at least 1-2 months if things keep staying like this.
if trump somehow retaliate with doubling the tariff to canada after canada just announced they also planning to impose tariff. you can imagine what's gonna happen to risky investments.

[btc_angela]

Thankfully, we are finally recovering and this whole bad red market period is looking like it's ending. We have done long and hard enough with all of this problems on the tariffs, not even just Canada and Mexico, but the big china deal was terrible too.

I am sure that we are going to end up with a better result eventually, we just need to make sure that we can handle this period with silence and nothing big happens. That is because we want bitcoin to go up, and whenever leaders of nations attack each other, that doesn't really end well with anyone, that is not something we can fix at any point, we just need to make sure that we are dealing with how things could go on without much trouble and the green may continue very well.

too bad the tariff news comes up again and market dumped again.
the problem with current market is, although trump's tweet toward crypto has been nothing but bullish, the news about tariff easily negates the effect, so as a result, we got sideways.
now even US is in a tariff war against canada, china even has recently joined the war, I don't expect much from the market for at least 1-2 months if things keep staying like this.
if trump somehow retaliate with doubling the tariff to canada after canada just announced they also planning to impose tariff. you can imagine what's gonna happen to risky investments.

There is no recovering, maybe it goes to $78k and then bounce back, but still though, way below the last all time high and this issues might persists for a while unless there is some good news again for us.

And yeah, retaliation is bound to happen, and for me, it's going to be the Chinese that might have more leverage here as they completely make a turn and it's more of the agricultural products that they might used as a weapon to the US and it might affect the market not just crypto, but the whole financial world as we are in standstill.

[Moreno233]

^^ I'm not really sure about the Chinese news though, if it is from a valid source or not.

And as we can see, when Trump releases this news, the price really sink although we have someone recovered to $88,000 right now. But the thing is that this tariff war is not yet over, and Canada has responded already about banning the sale of US alcohol in Canada, so it means billions dollars worth of revenue is lost.

But the clincher is that the Canada is pointing out to the US businessman is that this is because of one man and that is Trump. Although again, the price is not yet affected by this statement, who knows what's going to happen short term or at least when this news settled down this month.

"There is no smoke without fire", so even though this news cannot be verified at the moment, we should not wave off the possibility because since Trump started pushing for the US to create a crypto reserve for the US, you don't expect China to fold their hands and watch, they will definitely pay close attention and start considering the possibilities of doing the same thing the US is doing and even better. What I am sure of is that if the US succeeds in creating this reserve, China, Russia and possibly India will definitely do the same thing as they wouldn't want to be left behind.

[doomloop]

There is no recovering, maybe it goes to $78k and then bounce back, but still though, way below the last all time high and this issues might persists for a while unless there is some good news again for us.

And yeah, retaliation is bound to happen, and for me, it's going to be the Chinese that might have more leverage here as they completely make a turn and it's more of the agricultural products that they might used as a weapon to the US and it might affect the market not just crypto, but the whole financial world as we are in standstill.

BTC is not just a nobody's coin, so recovery will always be there at the corner no matter if there is a good news or not but there will also always be a good news apart from the bad ones. They are like coming in pairs. Chinese is a solid country but what about the US? We can't just disregard them as well. This must be a tough battle between them. Maybe you are right that it will affect all financial markets, so people might not pull out their crypto that much and transfer it to the others, making the crypto not dump too much. This can be a good or a bad thing depending on how we view it or depending on our preferences as an investor.

[Kemarit]

^^ I'm not really sure about the Chinese news though, if it is from a valid source or not.

And as we can see, when Trump releases this news, the price really sink although we have someone recovered to $88,000 right now. But the thing is that this tariff war is not yet over, and Canada has responded already about banning the sale of US alcohol in Canada, so it means billions dollars worth of revenue is lost.

But the clincher is that the Canada is pointing out to the US businessman is that this is because of one man and that is Trump. Although again, the price is not yet affected by this statement, who knows what's going to happen short term or at least when this news settled down this month.

"There is no smoke without fire", so even though this news cannot be verified at the moment, we should not wave off the possibility because since Trump started pushing for the US to create a crypto reserve for the US, you don't expect China to fold their hands and watch, they will definitely pay close attention and start considering the possibilities of doing the same thing the US is doing and even better. What I am sure of is that if the US succeeds in creating this reserve, China, Russia and possibly India will definitely do the same thing as they wouldn't want to be left behind.

However, if we talk about reserves, for sure that there will be none at least for now, as the crypto summit didn't say that much about it except that they US will just continue on what they have right now, which means there are not buying any crypto.

Of course this countries are going to response swiftly, and then this one, Trump threatens Russia with ‘large scale’ sanctions after massive missile attack on Ukraine.

So it's not over, there are still this geo-politics in the background that might add up to the tariff wars that might cause the price to go down again.