Has Trump Caused The Crypto Bubble To Go BANG!

[Cardano]

Trumps pre elecion hype and his bullish and rousing early presidency comments regarding how the US will be stockpilers of Bitcoin, XRP, SOL, ADA and Etherium becoming the future crypto capital of the world drove investment levels and prices sky high. Yet now in the last week or so we hear a very different story from him, we learn that there will be no investment from the US goverment but they will fill their coffers with cypto realised from crime proceeds only. The market didn't like this and reacted accordingly  resulting in crypto losing between 25% to 40% of its value and still falling. I would imagine that people who bought based on Trumps retorhic are quietly seething now.

As any savvy investor knows markets react to positive rumours and news, but where is the positive news now? The truth is there isn't any and as a result there's nothing to support the price especially Bitcoin whose value in directly related to increasing demand. Unless Trump and his cohorts provide some kind of support then we could see Bitcoin back down in the $30K range or less. Maybe its time to get out now before the bubble is fully deflated.

[proton]

Lets hope so, crypto is no more than a ponzi scheme for the gullible, greedy and stupid

[Briggsy]

Politicians in any country should not be hyping crypto even if they are not pumping and dumping.

 

Who knows what dealings are going on in the background before each one of Trump's announcements.

[thaibeachlovers]

1 hour ago, Cardano said:

I would imagine that people who bought based on Trumps retorhic are quietly seething now.

Anyone that "invests" in a made up nonsense "currency" have only themselves to blame if it all goes wrong, IMO.

[ukrules]

46 minutes ago, thaibeachlovers said:

Anyone that "invests" in a made up nonsense "currency" have only themselves to blame if it all goes wrong, IMO.

 

What if it doesn't go wrong and in fact turns out really well?

[ukrules]

1 hour ago, Cardano said:

Unless Trump and his cohorts provide some kind of support then we could see Bitcoin back down in the $30K range or less.

 

So what? It goes up one year and down another year.

 

If you look at long term charts you can see that there is an 'aberration' or deviation which started in the election week, the prices went up a lot since then and now it appears to be falling back towards the previous range which lasted for a great deal of last year.

I won't be surprised if we're back under $70k once the hype has worn off with a repeat of 'massive increases' much later in the year.

For now I'm all cash and have been for some time.

[madone]

49 minutes ago, thaibeachlovers said:

Anyone that "invests" in a made up nonsense "currency" have only themselves to blame if it all goes wrong, IMO.

 

Crypto, though volatile, has been holding value since 2009 when Bitcoin was introduced. That seems pretty real and no-nonsense to me.

ill bet you have had shorter marriges 

[thaibeachlovers]

11 minutes ago, ukrules said:

 

What if it doesn't go wrong and in fact turns out really well?

One could say that about the Mickey Duck mortgages in 2008. How did that work out for everyone?

Even ponzi schemes work for a while.

Like all economic scams, it depends on a lot of suckers to make a few people rich.

I remember a colleague boasting how well the stock market was working for her and how much she was making, and then one day the boasting stopped and the crying started.

[frank83628]

2 hours ago, Cardano said:

Trumps pre elecion hype and his bullish and rousing early presidency comments regarding how the US will be stockpilers of Bitcoin, XRP, SOL, ADA and Etherium becoming the future crypto capital of the world drove investment levels and prices sky high. Yet now in the last week or so we hear a very different story from him, we learn that there will be no investment from the US goverment but they will fill their coffers with cypto realised from crime proceeds only. The market didn't like this and reacted accordingly  resulting in crypto losing between 25% to 40% of its value and still falling. I would imagine that people who bought based on Trumps retorhic are quietly seething now.

As any savvy investor knows markets react to positive rumours and news, but where is the positive news now? The truth is there isn't any and as a result there's nothing to support the price especially Bitcoin whose value in directly related to increasing demand. Unless Trump and his cohorts provide some kind of support then we could see Bitcoin back down in the $30K range or less. Maybe its time to get out now before the bubble is fully deflated.

Trrrrruuuummmppp!!!!

 

[Cardano]

26 minutes ago, ukrules said:

 

So what? It goes up one year and down another year.

 

If you look at long term charts you can see that there is an 'aberration' or deviation which started in the election week, the prices went up a lot since then and now it appears to be falling back towards the previous range which lasted for a great deal of last year.

I won't be surprised if we're back under $70k once the hype has worn off with a repeat of 'massive increases' much later in the year.

For now I'm all cash and have been for some time.

"massive increases' much later in the year"
And just what news will cause the markets to react resulting in massive increases?
 

[Cardano]

33 minutes ago, ukrules said:

 

What if it doesn't go wrong and in fact turns out really well?

It's going wrong already for those who believed Trumps retorhic and bought at recent highs.

[Cardano]

9 minutes ago, frank83628 said:

Trrrrruuuummmppp!!!!

 

Seems you are suffering from a bad case of the DTs

[ukrules]

5 minutes ago, Cardano said:

"massive increases' much later in the year"
And just what news will cause the markets to react resulting in massive increases?

 

Lower prices encourage those who sold at higher prices like the end of last year for example to repurchase for the next round of 'up up up'

So lower prices create more demand and there are people who trade this stuff 24/7. I rarely trade it at all but when I do I like to sell at higher prices and then sit patiently waiting for increasingly longer periods of time before rebuying.

If the price continues to go up while I'm waiting - then so what - I've already made my money - it will fall back eventually and it will be time to rebuy.

I've been at this for a very long time, more than a decade

[spidermike007]

Many of us would agree that Trump destroys everything he touches, and just his influence can be incredibly corrosive. Just look at the 17 massive business failures that he's had over the years and the five massive bankruptcies.

 

Despite his wealth which was mostly stolen, this is not what I would call a highly successful man. Some might even call him a rather spectacular failure. 

[Cardano]

12 minutes ago, ukrules said:

 

Lower prices encourage those who sold at higher prices like the end of last year for example to repurchase for the next round of 'up up up'

So lower prices create more demand and there are people who trade this stuff 24/7. I rarely trade it at all but when I do I like to sell at higher prices and then sit patiently waiting for increasingly longer periods of time before rebuying.

If the price continues to go up while I'm waiting - then so what - I've already made my money - it will fall back eventually and it will be time to rebuy.

I've been at this for a very long time, more than a decade

Unfortunetly this article is not about YOU. It is about all those people who bought in to Trumps hype and are now suffering the consequences of seeing their investment crash.

[Regyai]

1 hour ago, thaibeachlovers said:

Anyone that "invests" in a made up nonsense "currency" have only themselves to blame if it all goes wrong, IMO.

 

 

I hear all the clever money has gone over to Dutch Tulips

[frank83628]

47 minutes ago, Cardano said:

Seems you are suffering from a bad case of the DTs

DTDS in your case

[placeholder]

43 minutes ago, ukrules said:

 

Lower prices encourage those who sold at higher prices like the end of last year for example to repurchase for the next round of 'up up up'

So lower prices create more demand and there are people who trade this stuff 24/7. I rarely trade it at all but when I do I like to sell at higher prices and then sit patiently waiting for increasingly longer periods of time before rebuying.

If the price continues to go up while I'm waiting - then so what - I've already made my money - it will fall back eventually and it will be time to rebuy.

I've been at this for a very long time, more than a decade

Wow! Sounds like you have hit upon an astoundingly novel investment strategy: buy low and sell high. Truly revolutionary.

[madone]

44 minutes ago, Regyai said:

 

 

I hear all the clever money has gone over to Dutch Tulips

I have always enjoyed the sight of tulips on an organ

[ukrules]

56 minutes ago, placeholder said:

Wow! Sounds like you have hit upon an astoundingly novel investment strategy: buy low and sell high. Truly revolutionary.

 

Yes, buying at all time highs is often not the wisest move.

[placeholder]

6 minutes ago, ukrules said:

 

Yes, buying at all time highs is often not the wisest move.

Another astonishing aperçu!