Last week, we saw a drop in the traditional markets, like stocks and bonds, along with bitcoin. US stocks took a hit after Trump announced tariffs affecting around 90 countries. The market reacted negatively to this news, leading to a significant decline. However, on Wednesday, Trump said he'd put a 90-day hold on these tariffs and was open to changing rates for some nations, although he appears to want to raise them even further for China. I won’t get into the politics here, just want to chat about the bitcoin side of things.
When bitcoin dipped to $76k, folks started freaking out, speculating about a bear market. Even some of Trump’s biggest fans in the bitcoin community were feeling let down. But honestly, I saw it as a chance to grab more bitcoins, thinking it might be a rare dip. Turns out I made a decent move because now, just a day later, bitcoin is back up to $81k while I'm writing this. Economic and political shifts can be confusing and they definitely impact crypto, but if you play it right during these times, you might just come out ahead.
How did you all handle last week’s tariff drama? What’s your game plan with bitcoin moving forward? Did you pick up any lessons from this little potential recession simulation?
Bitcoin surges to $81k after Trump hits pause on tariffs
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Trump has no choice here as the tariffs he imposed haven't solved the problem and have actually worsened the trade deficit, if I'm not mistaken.
In Bitcoin terms, we saw a significant dip that many attributed to these high tariffs, as the market reacted negatively. Now with this positive news, we're seeing a reversal. Given this, I expect prices to climb to at least $90k.
My suggestion: Even though you're already in profit, don't get too excited yet. This pump is just getting started. Focus on learning how to maximize your gains through real patience.
There's nothing to worry about as a long-term bitcoin investor, because whatever is happening in the market will only have a temporary effect on bitcoin price.. During the dips, I was able to add more bitcoin to my bags and I am very happy for that after I saw bitcoin price reached $83k+ yesterday after Trump announced that he has paused the reciprocal tarrif of almost all of the country for 90 days except China.
What I learned is that it's good that you prepare for both the UPity and DOWNity of bitcoin as an investor so that you don't make wrong decisions due to panic when there's a dip like Trump dump. Have reserve funds available to buy more Bitcoin cheaper during the dip.
The events of the past one week in the global market and the crypto market in general have further stamped the influence of Donald Trump on not just the global market but also in the Bitcoin market and crypto market in general. Before his public announcement of interest in Bitcoin and other cryptocurrencies and his government's subsequent huge investment in Bitcoin reserve, I don't think Bitcoin had initially experienced such huge impact it faced in the last one week because of government policies.
My concern now is will the activities of Donald Trump continue to detect the price movement of Bitcoin? If yes, doesn't that neutralize the decentralized powers of the mother coin?
And to the question in your last paragraph, I didn't allow myself to panic during this "stressful week" and that's because, I already figured out the reason behind the downtrend and was confident that it'll not stand a test of time. That said, I'm still worried about the influence Donald Trump is trying to possess on the Bitcoin network.
Finally, Trump uses his head correctly, he has seen that the traffic approach has seen the US economy suffer a bigger inflation which lead to a higher debt ratio(read somewhere that a national debt of $1trn is invited every 100 days). He's seen that instead of the traffic hike fixing the country, it's compounding more issues as the citizens are in the receiving end. He almost ended up starting an economic war
Not only Bitcoin, but the stocks would respond positively to the relaxed tariff policy. It was a very bad idea to take the traffic hike route and I don't even see how it favors the government more since there is going to be a reduction in quantity of goods imported and take the companies more time to have a turnover on those goods as it's more expensive and not everyone can afford the end products easily with higher prices.
Imagine pulling the rug again and announcing in a month or so the continuation of the "war".. What a sale it would be
This is somewhat of a power trip type of thing where you know you could affect the market, try to do it, seize the results, and then take the opportunity to buy more. Its very, very effective, in my opinion, in the current situation.
I have also managed to trade with the current dip and Have profited from the volatility recently. The current market is really unpredictable, so we need to have strict safe management.
chrischainFull Member
Posts: 126 · Reputation: 408
#8Dec 13, 2021, 10:58 PM
Market is shaky due to what happens with each new day - we don't move in one direction, it's rather a push forward and two steps back, then - repeat.
Patience is key for success.
Then it would be crystal clear he's gambling with US stocks and Bitcoin and that would confirm looming speculations that he's strategically pumping and dumping US stocks for personal and his team's benefits, thereby turning US stocks into a meme stocks.
Yeah, at least he realized his mistakes, and tries to correct it. And as far as the effect, I have seen the price going as high as $83k although it fell to $81k and probably this is what the OP has seen.
Nevertheless, this is just a temporary lull, as the US will re-evaluate everything after 30 days. Hopefully though, it will be a positive decision that Trump will make so that the impact will be lessen as not only crypto market is being hit hard, but the stock market as well.
Isn't all of the market a place to be turned on its head here and there..
Not only did Bitcoin recover slightly, but the stock market did too. The Nasdaq jumped 9%, while the Dow Jones rose 6.33%. The S&P 500, at the close of trading in New York, posted its biggest gain since 2008, rising 9.51%.
Trumps announcement does not include China, which is the target of 125% tariffs, meaning the market will not be able to celebrate stability just yet. We will have to wait and see what impact this 90-day pause will have on both the traditional financial market and the cryptocurrency market.
The steady midway movement, imo.
After that, we may see another bottom, probably - or even earlier than that.
I've been eating popcorns while watching the shit show on the side lol jk.
I'm just glad I'm a long term hodler and I try to focus on accumulation instead so I'm less stressed when it comes to situations such as this. Whatever happens, I believe the market will bounce back and bitcoin will break another ATH again. Sure, it may take years but I'm confident there's a good chance I can hold out with my setupsavings, sources of income, insurance, etc.
gwei_minerSenior Member
Posts: 197 · Reputation: 966
#15Dec 16, 2021, 04:33 AM
Always known it's all manipulation and billionaires striving to become more than billionaires with our money in the market making ridiculous decisions to keep the people confused in what way to go.
However it's just an accumulation opportunity as much as they also try to accumulate so we are doing here too buying the least we can afford holding them till we hit a new ATH that the year goal and we are still working on them. my personally hitting more stash than before because I know everything happening is just manipulations.
And op why the big image of trump?
Right now, Bitcoin price increase to $82k after bloody in a few days ago. Hopefully, after this delay will give Bitcoin a new time to race to the high price. But if this will make another down, we can not say anything because Bitcoin movement now become wild and we can not guess where the price will go.
The price now still be a good price to enter the market remind Bitcoin can jump anytime. But if you don't want to buy now because the price already increased, you can wait for a while until Bitcoin get another correction. I just wait during the red week but I also try to place an order buy below $80k and succeed to get some amount of Bitcoin.
I expect a significant reduction in the imposed tariffs soon. This pause is likely just for show as they probably already have plans to lower them substantially. It was clear from the beginning that their tariff strategy would fail, and the worst-case scenario has materialized. Even now, it remains a heated topic in economic discussions, proving how ineffective their approach has been.
ledger_protoFull Member
Posts: 110 · Reputation: 772
#18Dec 17, 2021, 10:36 PM
The plan to impose a global tax never happened, so it cannot be called a failure. Trump used tariffs as a deterrent strategy and forced other countries to proactively contact him for negotiations, and he succeeded. Also, why not think that his idea of imposing mass tariffs is just a trap and the only country he wants to deal with is China? Trump wants to isolate China and stop its expansion. That is why the tariffs were stopped in time, but he did not do the same with China and even increased the tariffs to 124%.
Both are the largest economies and account for nearly half of global GDP. If the war between them continues, I don't think bitcoin will recover anytime soon. The market reaction may be temporary, I don't think it will last long if China announces tariff hikes in response to Trump instead of negotiating.
https://www.reuters.com/business/australia-turns-down-chinas-offer-join-hands-fight-us-tariffs-2025-04-10/
hodler2011Full Member
Posts: 53 · Reputation: 326
#19Dec 17, 2021, 11:56 PM
Even though the price went up yesterday, hitting 83k, today it has fallen again and is at 79.1k
I don't know if these movements are good or not, but perhaps those who are good at trading will be able to take advantage of this moment of volatility
While nothing is clear, I haven't made any trades. I haven't bought, sold or exchanged any coin (not even ETH haha )
What has affected me most so far is the variation of the dollar against my country's local currency, the Real R$ (BRL)
I hope that all countries manage to reach an agreement with Trump because this mess is making everyone nervous, and I'm not just talking about crypto
In the long term, I'm sticking with my portfolio unchanged
We should not let this one get on us, because the effect on the market once it was announce has already taken effect and we know the rate of market loss leading to liquidation with peoples investment on crypto that has taken place after this same announcement of the increase in tariff plan, i believe they are rather doing all these on purpose or are willing to consider its effect on the general market before know the next step to take towards the second phase of market manipulation.