Just saw a tweet from Donald Trump where he says "CHINA HAVE TOTALLY VIOLATED IT'S AGREEMENT WITH THE US". He wraps it up with "So much for being MR NICE GUY". To me, that sounds like he’s saying he tried to play nice with them, but now he’s done with that approach.
This latest clash between the US and China is definitely going to stir up some trouble in the crypto scene. There’s gonna be a lot of FUD, and I can see a bunch of investors pulling out, which could lead to a nasty drop in Bitcoin prices. With all this going on, the market’s bound to get pretty wild, so it’s smart to brace yourself for what’s coming.
Get Ready for Market Volatility
19 replies 356 views
swiftninjaMember
Posts: 66 · Reputation: 209
#2Apr 5, 2017, 12:16 PM
For all the greatness that America has, I still have my doubts if they will succeed when dealing with China in terms of global trade. China has been preparing well for a long time with business strategies that were initially considered cheap.
This rivalry between the two will probably continue and the world economy will also be impacted. I mean, I just hope that a world war doesn't happen even though the cause of a world war can start from trade issues.
QuantumVectorFull Member
Posts: 84 · Reputation: 290
#3Apr 5, 2017, 01:37 PM
This tweet from Trump is that the reason why Bitcoin is decreasing by 3% today. If it should be the case we have a long ride for Bitcoin price decrease.
However, what I know about this is that Whatever the trade war caused Bitcoin to decrease, it will be to our advantage because, whether good or bad, Bitcoin will soar as we are anticipating it to before this year's end. No cause for alarm, to think the bull won't happen this year. This trade war between the US and China is for a while, the market will stabilize to it
I will not be surprised if Trump once again release a statement about potential positive news about this tariff war when the market is already dump.
He is the biggest market manipulator while openly have a crypto and traditional stock investment that he is benefiting with this kind of news. This is the danger Im expecting when everyone is already fixated to single person that dictates the market condition of Bitcoin.
Trump sucks.
Fine. I'll just keep buying bitcoin. We already know that Trump is much ado about nothing. He makes statements that shake the markets, which panic and go down, and then he doesn't implement even half of what he said, so they go up. If you do DCA you forget about the noise.
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#6Apr 5, 2017, 07:12 PM
The crypto market is very sensitive to things like this, for example the tariff war started last January which caused a sharp drop in bitcoin, many investors exited the market at that time but this tension will not always affect bitcoin because with the current adoption rate I think bitcoin will remain strong, and about Trump is now a common thing for me so I am not surprised at all. Well I will wait for weak hands because it will be profitable for me personally to buy.
That may not happen, I think people need to stop over reading into his statements. He usually uses this tactic to create pressure on certain parties to get better deals. We will see what happens, but knowing Trump he could tweet tomorrow that they almost have the best trade deal with China ever.
He's implementing much more than most politicians do, that is why things are in such a chaos. We will see how it turns out in the long run, not enough time has passed yet.
Just a signal to buy the dip, this problem will eventually get resolved anyway, I bet soon china and the US will have a deal, then market recover and bitcoin resume its rally.
The problem is trump's move always unpredictable, so whatever you gonna do, you're most likely gonna get caught off guard, might as well buy bitcoin on every dips.
alex_shardSenior Member
Posts: 200 · Reputation: 979
#9Apr 6, 2017, 01:07 PM
Volatility is part of what makes bitcoin a traded asset in the market so there is no special preparation needed for holders except traders. Since these tariffs drama started, it has done nothing but impact negatively on bitcoin but in the end, bitcoin is still on the rise which means there is nothing that will happen that we have not seen before. Simple advice is: buy and hold. We are still in bull run and what you are seeing now is just market correction which will not last.
I don't think that the tariff had any negative impact on bitcoin because bitcoin price was able to reach a new ATH of 111k+. The current dip in price is a norm which must happen for bitcoin price to go higher above $111k, so don't panic and use the opportunity of Trump manipulative mentality to buy more bitcoin because the price of bitcoin can only be controlled temporarily. Only traders and weak hands will panic and sell.
Yeah and we have seen it before, so I won't be bothered by this kind of news. For sure it will have a effect on the market, but it will just be for short term as we have seen that there are news that can really dampen the market.
We might have seen the likes of the market trading sideways, but this is different. We are already in the bull run and regardless of the chaos that Trump himself is creating not just for Bitcoin market but for the rest of the financial world, no one can stop Bitcoin.
orbit_2013Full Member
Posts: 65 · Reputation: 362
#12Apr 9, 2017, 05:43 PM
While some indexes are in green, the price of Bitcoin has fallen since the tweet shared by Donneski. I hope, and expect, that the price will rebound if it touches the 100k support, but the last months and the next weeks we may see great volatility indeed, depending on what this man says next. Really worrying how much power he's got, I hope he uses it well.
I wouldn't be surprised either, he would definitely do so because it's nothing new.
Although he said he was not concerned about the market reaction or, as some experts say, what he was doing was the art of negotiation. But as a financial investor, it would not be wrong to say that he is deliberately manipulating the market for his own benefit, not just as a trade negotiation tactic.
To be more precise, since he officially became president, the world has never stopped being unstable.
real_pixelSenior Member
Posts: 206 · Reputation: 1105
#14Apr 10, 2017, 03:23 AM
I think this has nothing to do with the Speculation section of the forum and it should be moved to the Economics. Most of the topics about US and China's trade and tariff war are posted there.
You just nailed it. He knows how to shake the market, he knows how to make people move onto the markets with these news that are coming out. While him and probably his team, they're doing the best that they can to take advantage of the situation. We've seen this happen already just after he assumed office and now he's doing it again and might be followed by more.
whale_chainFull Member
Posts: 88 · Reputation: 664
#15Apr 12, 2017, 05:46 AM
The interesting thing here is the more volatile it becomes the more it creates opportunities to buy the dip. Every move Bitcoin makes be it bullish or bearish there will always be good opportunity to buy. The goal is to own as many Bitcoin as possible because $100k is still not the target.
I will be more gladdened if the price plunges low enough to give investors more opportunity to accumulate more coin. It's all about the quantity and it's only the dip that gives us the opportunity to have as many coin as well can afford to own. Trump can go on with his agenda we the Bitcoin enthusiast are strategic in our decision and also waiting to take hold of every single opportunity m
You're right. He's using the office of the presidency to manipulate the market for his own personal gain. I want to believe anytime he crashes the market with his tariff statements, he's also using the opportunity to buy these assets cheap. A few days ago, the Trump Media and Technology Group announced that it plans to raise $2.5 billion dollars from sales of the company stock, which will be used to purchase Bitcoin. As it stands, we should all brace ourselves for more red candles.
The bitcoin market has always been highly volatile so it is not a surprised anymore to witness a sudden increase or decrease in the price of Bitcoin in the market. If we look at the chart and zoom it in, we will see how the price fluctuates wildly. Even if the market is in an uptrend the price still has its higher lows and higher highs signifying how volatile the Bitcoin market is.
Won't this kind of strategy often diminish its influence? Just like what happened on the influence of people who try to manipulate the market like Elon Musk and the late John McAfee. I am sure the influence of Trump's manipulation will diminish as people become immune to this kind of strategy.
The problem is, some people are willing to wait so long that they forget that the market can also change at any time from down to up a few percent overnight. I recommend DCA for anyone who has an accumulation plan such as buying the dip and holding, so that you will not miss so many opportunities in the market for accumulation purposes. Of course you can have your own accumulation strategy that may have been quite profitable so far, but I believe that DCA is proven enough.
American may have their own strength but defeating China in terms of trade war is what I dont think will likely happen. I remember when the tariff war first began, one of China clothing company printed a shirt in its thousands and millions and wrote on the front of the cloth Boycott China and they shipped them to USA and where able to sold all of them, this is a very good business model to still earn from your enemy while youre still at war with them.
This news you brought here is clearly FUD and I dont think of such happening anytime soon because this two countries, if they wage trade war against each other, itll affect them both and ultimately the other countries that deal with import of goods that had to pass through this countries directly or indirectly will be affected too.
Why do I have a hard time believing that China's factories started closing because of Trump's Tarrifs? China is a giant in the world market and Trump's tarrifs aren't going to change that. Does he seriously expect us to believe that he managed to unstabilize China and jumped with his "fast deal" because he didn't like the civil unrest in order to save the day? As @Free Market Capitalist already mentioned, his statements shakes the markets creating panic, that's what he constantly does before he was even elected.
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