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[AudraMiller]

As we all know, the price of bitcoin is highly volatile and there are many factors that can cause the price to increase or decrease. One of these factors was noted in the last few days with a tweet by the US president Donald Trump, where he crushed the hopes of the stimulus round two.

Not only did this affect the price of bitcoin, which had dropped as much as 200 dollars in just twenty minutes, but markets such as the dow jones were also affected by this news.

The bitcoin market has been very uncertain lately and this seems to be impacting the market more than many would hope for.

What do you guys think about this going forward? Do you think that this is the time to sell btc? Could future tweets cause a further decrease in the price?

 

[Josemendez]

I don't believe that the tweet has any role to play with the current fall in bitcoin price. Bitcoin has been experiencing this fall for a long time now. It is strong to be affect by a tweet

 

[AudraMiller]

I don't believe that the tweet has any role to play with the current fall in bitcoin price. Bitcoin has been experiencing this fall for a long time now. It is strong to be affect by a tweet

To be honest, i was also quite skeptical of it being caused by the tweet as well, but i seem to have found numerous articles when researching it that state similar information as that i presented in the topic. Which was kind of weird, however, i also think that these articles may have left out some important information that could help to convince the readers as well.

 

[sykt62]

I don't think that the tweet has any vital role for changing of bircoin price
It might effect on other markets
But in bitcoin i dont thinks so

 

[Josemendez]

To be honest, i was also quite skeptical of it being caused by the tweet as well, but i seem to have found numerous articles when researching it that state similar information as that i presented in the topic. Which was kind of weird, however, i also think that these articles may have left out some important information that could help to convince the readers as well.

Don't forget that US election is at the corner. This might be actions of those that wants to bring Trump down by writing these things just to make people especially crypto lovers hate him

 

[George10640]

I am really surprised since when Trump has been to government, I have been hearing about his tweets affecting the market.Although I am a long-term trader so that has nothing to affect me.Sometimes those tweets affect but not all the time I think so.I pity much for the short-term traders because those tweets are really affecting.I stopped trading for short term profits because of the many news that were affecting and letting me out of the market frequently.

 

[Josemendez]

I am really surprised since when Trump has been to government, I have been hearing about his tweets affecting the market.Although I am a long-term trader so that has nothing to affect me.Sometimes those tweets affect but not all the time I think so.I pity much for the short-term traders because those tweets are really affecting.I stopped trading for short term profits because of the many news that were affecting and letting me out of the market frequently.

Trump is never a lover not a hater of Bitcoin and thus his tweets will not have any effect on Bitcoin price, moreover we are yet to see the evidence of this tweet

 

[Brain]

Bitcoin price has been falling lately so it might not really be this tweet by Trump. You know the price of Bitcoin increase and decrease at will,so it might just be about anything

 

[AudraMiller]

I am really surprised since when Trump has been to government, I have been hearing about his tweets affecting the market.Although I am a long-term trader so that has nothing to affect me.Sometimes those tweets affect but not all the time I think so.I pity much for the short-term traders because those tweets are really affecting.I stopped trading for short term profits because of the many news that were affecting and letting me out of the market frequently.

definitely agree with you here. Such price drops will not have much effect on those that are HODLing bitcoin and on those that in the long term trade business, however those that make short term trades will find that these losses will be quite detrimental to their investment portfolio. you have the right idea to focus on long term trading over short term trading.

 

[sykt62]

definitely agree with you here. Such price drops will not have much effect on those that are HODLing bitcoin and on those that in the long term trade business, however those that make short term trades will find that these losses will be quite detrimental to their investment portfolio. you have the right idea to focus on long term trading over short term trading.

You are right,mate
Short term traders can get profits in minimum time
They will face problems for these kind of crushes
I thinks Bitcoins price prediction are not depends on these twitting

 

[AudraMiller]

You are right,mate
Short term traders can get profits in minimum time
They will face problems for these kind of crushes
I thinks Bitcoins price prediction are not depends on these twitting

That is correct. Short term trades are the better option when it comes to making profits in a shorter period of time, and many people tend to move towards it so they can see the fruits of their trades in real time, however, the risk with a short term trade is also much higher than long term trades, and requires much more knowledge of the market in my opinion.

 

[Niftyicon]

Bitcoin price has been falling and struggling to maintain a range for sometime now, so I don't think that Trump's tweet had any impact on it falling but may be it could have contributed to it struggling to rise.

 

[Brain]

definitely agree with you here. Such price drops will not have much effect on those that are HODLing bitcoin and on those that in the long term trade business, however those that make short term trades will find that these losses will be quite detrimental to their investment portfolio. you have the right idea to focus on long term trading over short term trading.

Yeah that's just the whole idea about trading Bitcoin, to avoid getting catch up with small changes in price then going the route of long term trading is better.

 

[sykt62]

That is correct. Short term trades are the better option when it comes to making profits in a shorter period of time, and many people tend to move towards it so they can see the fruits of their trades in real time, however, the risk with a short term trade is also much higher than long term trades, and requires much more knowledge of the market in my opinion.

You are right man
Short terms investors has profits but also have some problems like this that you said now
Hopes,bitcoin will hit again
And bitcoin price factors solved again

 

[Josemendez]

That is correct. Short term trades are the better option when it comes to making profits in a shorter period of time, and many people tend to move towards it so they can see the fruits of their trades in real time, however, the risk with a short term trade is also much higher than long term trades, and requires much more knowledge of the market in my opinion.

I do be patient with long term investment as the reward is bigger than short term investment, and to me is safer provided one invested on a good coin

 

[Wisdom01]

Well viral tweet can also influence the price of bitcoin for example the one that took place with doge coin ,but the since fall wasn't that much , other factors can affect as well

 

[Josemendez]

Trump is that much of social media personality. assuming that the tweet came from someone like Elon Musk then definitely the price will experience the effect of the tweet

 

[George10640]

definitely agree with you here. Such price drops will not have much effect on those that are HODLing bitcoin and on those that in the long term trade business, however those that make short term trades will find that these losses will be quite detrimental to their investment portfolio. you have the right idea to focus on long term trading over short term trading.

Sure that's where the statistics of number of losers come in.Most of this traders targeting small profit are losing and they are driven by emotions a lot.Discipline is the solution to this approach most times.