There's a lot of chatter in the crypto space right now, and honestly, the stuff about Bitcoin seems to have the biggest impact both good and bad.
So, August 1 is when President Trump is set to go ahead with some tariffs, and he made it pretty clear on July 30, 2025, that there won’t be any extensions to that deadline. The tariff situation has seriously affected Bitcoin's price and the entire market before, so will we see that happen again? Right now, Bitcoin's dropped to about $116k. Are we looking at more price drops ahead or is everything gonna hold steady?
August 1 Deadline Impacts
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Basically, this news of Donald Trump is not new today, even before this, after winning the election, Bitcoin gave hope to the highest Bitcoin holders. They will start holding large amounts but it has completely turned out the opposite, I will never trust such a person who breaks hopes because he has been doing such tricks since before and has given false hopes.
The price of Bitcoin may naturally fall, this is normal, but very soon if we reveal the purchase hole of the MicroStrategy company again, then I think we will definitely see the price of Bitcoin rising again. Because if I am not mistaken, then definitely never believe the message of Donald Trump.
The reasons and excuses why crypto markets rise and fall will always keep changing, so what is something that is not going to change? The global fiat money debt bubble is in horrible shape, and that is a strong fundamental reason why BTC will keep trending higher, not lower, long-term. Short-term and Aug 1st "deadlines" are just one of those excuses which will soon fade away.
Having a deadline doesn't mean things wouldn't change anymore. So far in the Trump administration, tariff figures are volatile. The tariffs imposed earlier, laden with emotional urges and impulsive thoughts rather than objective analyses and strategic planning, won't last.
I don't think Bitcoin's next direction would be dictated by tariff developments. Although they may have quick effects, they're not that significant as to the long-term growth. That the US is buried in debt, for example, is a much bigger factor.
If we will drop from here because of the tariff deadline announcement? I will buy more Bitcoin. Just look at what happened in previous tariff announcements; every drop caused by tariffs is pulling back after. So for me, I will use it as an opportunity to buy more Bitcoin, this is my own opinion. Some people panic because of this but I don't really think it's a long term problem for Bitcoin.
We are done with the tariff news already, yes in the beginning we are affected negatively, but as soon as everything settles down, then I don't know of any market that will be react to this news in a bad way. And as you can see we have been going ATH after ATH now, so there is no stopping the market from moving forward. Maybe others will take advantage to create chaos to bring the market down. But for smart investors, every dip is a opportunity to buy. And if ever the price drop, it's just going to be temporary so I wouldn't lose a sleep with this tariff news. Nothing to worry or panic at this point.
hodler_gweiFull Member
Posts: 82 · Reputation: 479
#7Jun 9, 2017, 03:33 PM
There will be no news or other events that could potentially impact the Bitcoin price, potentially causing a sharp decline. Over time, Bitcoin will continue to demonstrate its strength in any situation, including armed conflict, tariff wars, geopolitical conflicts, or other wars. Any news or events that occur will subside over time and have little or no impact.
I remain confident that Bitcoin's price movement is a healthy correction and should not be overly concerned or exaggerated. Any events and news will have a small impact, and so far Bitcoin has not experienced a sharp decline due to these events. This is because many savvy investors today are unfazed by these events and, even if a decline occurs, will always take advantage of it to buy. This has prevented the Bitcoin price from experiencing a sharp decline. When a small decline occurs, Bitcoin recovers quickly.
To be honest, I expect a much more significant decline for the future period so that I can enter the market with a much greater purchase than usual.
But if you look at the tariff war that occurs, the price of Bitcoin does not really affect a major decline because Fomo of this kind of condition is no longer a concern.
The decrease will definitely occur even if there is or absence of the continuation of the tariff, but how we can measure the steps of the decline so that it can be utilized properly to accumulate.
I think it will be fine in the Bitcoin market this year and even if the decline will not be so significant.
If you look at the momentum at this time is the end of the increase cycle and it cannot be predicted accurately about certainty but I look in that direction.
HumbleKingFull Member
Posts: 38 · Reputation: 340
#9Jun 10, 2017, 05:31 AM
Let's wait to hear what his next statement is. His mind has changed within a day a couple times now. Or he'll chicken out.
We already know the tariff was just on pause and is expected to resume. Back when it was first implemented, Bitcoin dipped for a while but still recovered and even hit a new ATH later on. So honestly, I dont think these tariffs will have much impact on the Bitcoin market, especially now that big institutional investors are the ones buying more than the average retail users. These guys are looking long-term, not just reacting to short-term issues that might hurt regular folks.
At the end of the day, many still believe Bitcoin can help protect us from inflation, so theres really no reason not to keep stacking sats if the price is expected to climb as inflation goes up.
This isnt really new.. and its understandable why Bitcoin dumped hard before, almost dropping below $80k IIRC. But that was the first time it was implemented, and people panicked. Now that theyve seen it already, it wont be a surprise anymore, so I dont see any reason why its resumption would cause Bitcoin to crash below $100k again. Maybe therell be a small dip, but thats about it.. Bitcoin has already survived tougher challenges than this.
I don't consider $116,000 a drop amidst objections from many countries to President Trump's tariffs.
Again, we can't easily speculate on prices. A decline is encouraging for investors looking to buy in large quantities. A further price rise is encouraging for those looking to sell.
Anything related to price increases or decreases can be affected by the media's influence on news stories, as not everyone has the will to hold on. And regarding geopolitical attitudes that influence the global economy, this is also influenced by factors beyond the laws of supply and demand.
node_walletSenior Member
Posts: 139 · Reputation: 949
#13Jun 10, 2017, 06:55 PM
Whatever comes with the tariff resumption can only affect Bitcoin price on the short term and after that it will be business as usual, I think that the shock of the previous tariff announcement will not repeat this time. If for instant the news will affect Bitcoin price negativity and we see a dip as a result of it i guess that it will present a good opportunity for investors that have funds to grow their bags. I am more concerned about the potentials of Bitcoin to always reaching new ATH than worrying about what can make it to dip. I am comforted that government regulations and global negative news cannot affect Bitcoin price for the long term.
Many people are thinking that the market may already be heading towards a downward trend. Some are also looking at it positively. If Trump finalizes the tariffs by August 9, many people will be interested in investing in Bitcoin in the hope that the dollar will fall at that time, which will provide money to the market again. At that time, there is a possibility that the price of Bitcoin will increase again. So in this time I think the market movement should be carefully observed and have to take the decision accordingly.
SilentYieldSenior Member
Posts: 145 · Reputation: 1003
#15Jun 11, 2017, 03:30 AM
There will be no significant decline, the price of Bitcoin will be above $ 115K, the lowest above $ 110K, that is the most likely count, there will be no chaos that results in the bad market, we are on the right path and bitcin is still very bullish.
Trump is like that, his selfish nature to make policy decisions is very forceful even powel forced to resign in interest rates not to be sent down.
AtomicMaxiFull Member
Posts: 59 · Reputation: 262
#16Jun 13, 2017, 02:15 AM
Now that the price of Bitcoin has returned to $118k, I don't think this will really have a major impact on Bitcoin's price or a significant price drop. I still believe Bitcoin will hold steady in the current situation for the time you mentioned. The Bitcoin market is still in good condition, and I do not expect a decline to happen in the short term. What might happen is surpassing $120k.
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#17Jun 13, 2017, 08:28 AM
If you did not buy that small dip you likely can not afford a tank in price.
So decide what you can afford to hodl and have drop 60%.
10 coins
9.0 coins
8.0 coins
7.0 coins
6.0 coins
5.0 coins
4.0 coins
3.0 coins
2.0 coins
1.0 coin
0.9 coins
0.8 coins
0.7 coins
0.6 coins
0.5 coins
0.4 coins
0.3 coins
0.2 coins
0.1 coins
or smaller to have any chance you need to know what amount you can hodl without fear.
to worry about sticking to the 114-124 slot that we are in is not healthy.
before the current slot we were in a 102-113 slot for 2 months
During all this time I stacked with zero fear as we were locked into slots.
if we leave a slot then what will you do is the question to ask.
Ie if we drop to 112 or less what do I do.
If we go to 125 or more what do I do.
I personally worry about if we drop to 98k or rise to 135k what do I do.
I have a plan for both this lowers my fear and anxious thoughts.
I will buy dip at 98k to 69k
I will sell at 135k to 165k
I am more or less thinking this
This were weak hands and those trading futures that were closing there position in the market. Seriously I predicted same panic again will happen if the tariff rises again or it resumed with same rate but with the indication so far it seems tariff will total be relaxed for some regions like Europe and this will be bullish for the market. But if the tariff war was to be resumed I think the market will dip a little but seriously the current support of $112k will still hold.
But if the market dips I think it is the last opportunity market will present to us before the full blown market pump starts till the end of year. Personally this August with or without tariff sentiment will be a very good accumulation month
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#19Jun 15, 2017, 11:31 AM
Trump started his tariffs in February and since then stock prices have dropped significantly including bitcoin but in the case of bitcoin the decline was not too sharp or in the sense that it did not shake investors and since Trump made a temporary halt in April we can clearly see bitcoin making ATH several times this indicates that the global economic situation cannot stop their confidence in bitcoin now the halt that was made by Trump is over and the tariff war starts again if bitcoin experiences another decline we should see it as a great opportunity to buy because bitcoin has shown its ability to weather the storm.
You need to smile now because Bitcoin has gotten enough immunity against what my president, Donald Trump has in mind to do that with disrupt the entire financial market.
Trump was able to successfully disrupt the financial market then buy I don't think people would buy the idea to sell their portfolio because of the second phase of the tariff. You need to know that everyone already knows what will be the outcome of this tariff and we'll prepared for any shit that could accompany the pressure on the financial market.
Tomorrow is August 1st which supposed to be celebration of a new month and a good time to expect our wages and salaries for those earning weekly and monthly, and not a time to expect market turbulence. I am fully optimistic