We all need to ditch CEX and switch to Perp dexes for trading and buying stuff. These guys clearly don’t care about anyone. Can you believe Trump dropped that tweet and the market just shot back up? If that isn’t next level crime, I dunno what is.
TRUMP: "DON'T WORRY ABOUT CHINA, IT WILL ALL BE FINE! HIGHLY RESPECTED PRESIDENT XI JUST HAD A BAD MOMENT. U.S.A. WANTS TO HELP CHINA, NOT HURT IT!"
People literally lost everything in just a few hours, and then it all reverses in two days? That’s messed up.
Seems like Trump forgot his opponents are watching him. One day, when he’s out of power, this could hit him hard, like a missile.
Honestly, I wouldn’t be shocked if he’s been texting Xi on WhatsApp the whole time, playing this game of cat and mouse while pretending to be at odds, and then suddenly they’re buddies again just for the sake of peace talks.
It’s disgusting.
I am surprised how this topic doesn't seem to interest anyone, few people have died with what these criminals did with the market, not even their stop losses saved them, sigh.
As president, Donald Trump is not just a politician; he is also a product of market culture and branding. His communication style consistently follows the logic of a trader's narrative: create shock, attract attention, create volatility, and then re-enter with calming statements to manage perceptions. Trump frequently attacks China, then calms the market with a diplomatic tone.
He criticizes the Fed, then claims that the US economy is strong thanks to him. He makes rants that move stock and commodity prices in a matter of minutes. His goal is not merely political, but mastering the economic narrative, as the saying goes, "Who controls investors' emotions controls global capital flows."
Every trader or investor lives in a nearly universal emotional cycle of fear, hope, greed, euphoria, and despair. Trump understands this cycle perfectly. He plays the "Fear-Hope-Fear-Hope" narrative alternately to keep volatility under control but alive. This is highly beneficial for creating dynamic economic sentiment, making the market appear volatile but resilient.
Trump's signature pattern is to spread controlled uncertainty. For example, "100% tariffs on China!" and then the market panics. Twelve hours later: "Don't worry, Xi is a great man, we'll help China!" Then the market rebounds. The effect is that people perceive Trump as sensitive and strong, a bully but a peacemaker. Markets fluctuate, creating short-term profit opportunities for better-prepared major players. Retail investors, on the other hand, are swept along by the emotional tide, buying on euphoria and selling in panic. Geopolitically, this strategy creates a global perception that the US remains the center of gravity of the global economy, as the entire world awaits Trump's rants to determine market direction.
Therefore, the dollar's narrative dominance remains intact.
Trump and his allies' communication strategy also constitutes "Economic PsyOps" (psychological operations for markets), in which information shocks are used to destabilize the markets of adversaries (e.g., China).
Controlled reassurance is used to maintain the confidence of domestic US investors. This cycle then creates capital inflows into the US, as global investors seek "relative stability" amidst the artificial chaos. A historical example is in 2019: Trump threatened massive tariffs on China, then Asian markets crashed, global funds flowed into US bonds, yields fell, and the Fed was forced to adjust policy. As a result, America remains a safe haven even as it itself incites chaos.
Trump doesn't control the market with policy; he controls it with emotion. He understands that in this information age, narratives outpace data, perceptions outweigh fundamentals, and fear/greed dictate prices more than valuations. This is what's called the TRUMP EFFECT (a combination of media-driven narrative manipulation, behavioral-driven exploitation of mass psychology, and strategy-driven covert geopolitical signals).
The impact is felt most acutely by retail investors and the crypto community because the market is open 24 hours a day and there are no circuit breakers. Reactions to global news are swifter, and many investors are young, impulsive, and over-leveraged. When Trump makes a harsh statement, the crypto market can drop 1015% within hours. When he calms down, prices can recover partiallybut many have already been hit by a liquidation cascade. This causes institutions, whales, and market makers to buy at the bottom and sell at the top. Retail traders lose capital and confidence. The emotional environment becomes toxic and traumatized. Some investors are unable to withstand the psychological burden, leading to depression, and even tragic acts like suicide.
Trump's statement, while diplomatically reassuring, shook global financial markets due to his perceived unpredictable leadership style. At the same time, a movement emerged in the crypto community (particularly on X and Telegram) calling for "Abandon CEX, move to Perpetual DEXs." This meant that many in the crypto community were calling for users to abandon centralized exchanges (CEXs) and switch to perpetual decentralized exchanges (Perpetual DEXs). This movement arose due to growing distrust of central authorities, including governments (in this case the U.S.), central banks, market regulators, and large financial institutions.
When Trump asserted, "The U.S. wants to help China, not hurt it," after threatening 100% tariffs, the world saw that even the global economy can change with a single sentence from one person. This confirmed the DEX community's claim that "as long as your money depends on a centralized system, you are not truly free."
While Trump's rants once shook Wall Street, today the impact of the American president's political statements is no longer measured by the reaction of the Dow Jones Industrial Average, but by transaction volume on DEXs and surges in on-chain liquidity.
Abhi forget what you think you know for a second.
The damaged done by October 10th was so great that Binance exchange present CEO decide to give back some lost amount to their customers, think about this again.
They also felt the impact, it seems many people don't know what occurred on that day, it is more than just one person taking his life, there were many more, if Binance can be this touched to send some lost money back it's because there is no any other damages ever like this one since the beginning of crypto.
Trump should be prosecuted, he is a criminal and I won't say less, a day is coming, because every dog got their days coming, he will pay for what he did, if they feel like leverage is a problem they should stop leverage trading.
Leverage trading is now available for meme coins, Trump created a meme coin and sucked all the market liquidity, the problem started since the day he got elected.
It's probably because that we've got other threads already discussing about this topic. To be honest, I was surprised that Trump has to say that after he's imposed 100% tariff to China. What he's thinking about them, they're not going to retaliate? they already did and had stopped importing some ingredients that comes from the US like soybeans. It is a huge loss for the US because of what Trump has started with all of these tariffs, now it has retaliated on them. And we sympathize with the influencer that has taken his life, life hit him hard when this manipulation and dump came.
I am justifying the games played by Trump, but at the same time I don't think we should blame him for people who made the choice to end their own lives. They made their choices themselves. There are people who lost a lot of money too, but did not take their lives because they know that no matter what the situation is, there is still hope. If everyone responded or reacted in the same way as they have done, many people would have died long time ago because these sort of news that shakes the market and causes people loss is a part of the fundamentals in trading.
How is this a crime? Hahaha, I don't think it is. That's why it is advised to use minimal leverage and taking lower risk has advantage like in things like this. Slow and steady is always better than to rush in and out.
However, if we know trump, you will know he is not just a politician but a business man, an investor capable of influencing the market. Trump as the president of the most powerful country is a big influence to the global market. He did that during his first tenure with the forex market and we don't expect a dull crypto market during the regime of trump unlike biden who didn't have much positivity in crypto. So with trump, except an electric market and not a dull one. But the good thing is that, bitcoin supply can not be manipulated.
However, for death, Konstantin Galish who was an Ukrainian influencer is the one recorded to have died as he lost investors money about $30 million. Though there are news from other social media platforms of many other deaths as a result of trading loses which would have been averted if they took minimal risk with SL.
By the way, it means many traders just jump into the market without SL.
Wait a minute, is trump caressing the ass of the Chinese President?
What do you want people here to do? start a protest or what, is it today that we started experiencing manipulations in the market prices? apart from the uproar that led to this sudden drop in the price of bitcoin and other cryptocurrency don't you know that there are activity that can happen in the market and the price will suffer heavy decline? Anyone who is not strong enough should not dare enter the market because it is full of up and down. What happened in the market few days ago is not new because there was a time earlier this year when Trump made announcement about the tariffs and the market went down till after some time before it recovered. The market is not for the weak so if you can't bear challenging times it's better to invest your money on something else. Inasmuch as Donald Trump is still the President of the United State of America we should always expect the worst because we know he is a very controversial President.
It seems like many people just woke up to this news and believe that they understood what happened on that day, reading through this thread just opened my eye to the whole thing and it is sad.
Coming from you that these people took the risk themselves that it is no ones fault hurts me even more, and you are a man for christ sake, what research have you done about the occurrence of that day?
Here is what you don't know.
Almost all those leverage traders used stop loss, do you know what happened on Binance and Coinbase? The stop loss failed. Read this very well, THE STOP LOSS FAILED.
The stop loss feature became buggy all of a sudden and deactivated, please ask people around you that traded on binance that day, the stop loss failed and all those traders that used cross margin got wiped out.
Binance and Coinbase should be investigated, those people are complete criminals, even if that happened out of the blue, they should be taking responsibility right now.
Next time before you say anything. Do your own research
Actually, it is normal for crypto market to crash in short time periods. BTC crashed 10%? Altcoins dropped 30%? Well, there were times when those crashes were even deeper. Those who are engaged with cryptocurrencies must be aware about its volatility factor and risks involved. If you aren't comfortable with this unstable nature, better to not invest a large portion of your portfolio at all.
Trump is indeed a speculator, and like him there are many others playing with news and manipulating markets. Nothing is going to happen to them, though. Remember Elon Musk in 2022 prejudicing Bitcoin as well? Or even Trump on his previous government when he stated to be totally against BTC, because it was harmful to dollar currency?
You can't prevent those people from acting like that. After all, that is how they built fortune along the decades. The bright side is that you have evidence Bitcoin does well on long term, so focus your investments in solid assets (like Bitcoin, not altcoins) expecting long term returns.
The one who started is China, DT is just retaliating. Unfortunately for him China does not depend on the US but the US depends on China's (rare earth) processing power.
How did China start it? I'm interested to know because the first time I heard about this was when Trump started slapping tariffs on imported goods in a bid for those companies to localize production in America. I think China only retaliated and Trump continued his traff campaign.
Trump is a businessman and he is mixing ruling the US with personal interests and wouldn't bath an eyelid at any opportunity to sacrifice the masses and enrich himself and his allies. It's a game well played by him. Sometimes I tend to ask myself if Trump was still doing all these in the interest of the US or for himself and allies to gain undue advantage of market crashes and enrich themselves. It's obvious he's manipulating the markets. How on earth did stop loses fail in exchanges and trading platforms? There's a bigger picture to this, it's more coordinated than we think, This is robbery on investors funds.
Trump knows how to avoid war, he is good at it, he is not like Obama, this is why I believe that all the tarrif games are there to just manipulate the market.
I lost alot on that day via Binance, I knew people will talk about it on the forum, it is going to get bloodier for crypto from now on, because whenever they need money they can always do what they did on Friday again.
The Tariff war isn't real behind the closed doors but to the outside world it is real as it gets, I know many people will believe it but I don't, this is one of those tools that the world leaders use to get what they want.
Next time I will be more careful around trading, I've been winning for a while but that Friday was shocking.
I will never forget that day ever.
Binance refunded over 280 million to users who lost based to issues from their end.
It was bad. Really bad, but people should have known the kind of market they are in. The term "invest what you can afford to lose" is not just a saying; it's solid advice. I don't expect people who have been in the system for a long time to not understand this and take their own lives. It may seem insensitive, but it's just how I feel.
Even if Trump is to blame, there is nothing that can be done to him. He did not directly cause the crash.
What I find funny are the ones who thought Trump was going to be the saviour of Bitcoin and crypto. the irony.
That's true, they're depending on China and China can be an independent nation without having the need anything from the US. Even the big corporations from the US are reliant on China's manpower and other materials and like what you've said about rare Earth. They're hot on Taiwan's semiconductor and that's why there's a potential overtaking there by China.
Trump used his own technique as a politician to win many votes to be elected as president. He made it publicly known in his manifesto that hell make the use of cryptocurrency legal and not have to put an embargo onto its use. Little did we know that political power of the US government plays a very big role in the market and its effect may not be able to be contained by many in the long run. It is such a sad day to see people committing suicide because of losses they incurred from the market crash.
Investing what you can afford to lose should still be a word to be respected and followed by all investors and traders. You can never be too sure of the market direction and make right predictions of it. It is commendable Binance returned some lost assets of their customers back to them to reduce their losses, it is a good idea by them and also a good way of staying ahead of others in the crypto exchange market place.
In the crypto market those tweets or statements, especially when they come from Trump or other big political figures have an immediate and huge impact on investor sentiment. It s a type of information based market manipulation that has been seen many times in traditional finance
Perp DEX or other on chain alternatives at least guarantee transparency you can see exactly what s happening on the blockchain with your own eyes. When politics and markets mix together it becomes as dangerous for the economy as it is for democracy. That s why self custody and decentralized trading are now not just options but necessary safeguards.
Trump did what he did and the market responded the way it should. That's what volatility defines and the influencer who ended his life should have known this and would have been smart to initiate a stop loss protocol.
It is a lesson to us all to not bite more than we can chew in any investment of sort, because we may not like how it turns out.
Bitcoin is a strong currency and any investor should realize how important it is to test the waters of investment by using simpler strategies like the DCA strategy first, inorder to know if they can continue and build tough skin for the market scenarios that will always be effected by speculations and trends in politics as we have seen.
Literally. I've read in the news that some crypto trader was found dead after the crash.
If bitcoin was a security this might have been prosecuted as insider trading, but it's not. That said, cryptocurrencies weren't the only ones crashing. The stock market did react to this as well and many companies lost 5% within hours, which is a lot for traditional markets.
I'm pretty sure Trump's sons were either shorting it, buying the dip, or both.