Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: God Of Thunder on February 03, 2025, 07:40:10 AM
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If you are wondering why the crypto market is crashing again, here is what happened yesterday. According to the coin telegraph,
Bitcoin (BTC) fell below the $100,000 level on Feb. 2 after US President Donald Trump imposed tariffs on goods imported from China, Canada, and Mexico on Feb. 1. Increased import tariffs could boost inflation, risking higher interest rates. That could, in turn, result in a risk-off sentiment, hurting cryptocurrency prices.
Bitget Research chief analyst Ryan Lee expects Bitcoin to correct to $95,000, which is a critical support according to him. Some analysts view the current dip as a potential bear trap. Popular analyst Aksel Kibar wrote in a post on X that panic and crash forecasts after every 1% correction do not signal a market top.
You can read more here; https://cointelegraph.com/news/bitcoin-falls-to-96-8-k-as-trump-tariffs-spook-markets-om-xmr-mnt-gt-show-promise
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no other big news that we can connect to as to why the market was dumping but Trumps tariff war. as soon as the day he imposed it, there was a massive drop of price, everyone speculated this must be related to what Trump does and it must be true as he is the Bitcoin President.
if there were just few more things that people are expecting to happen, and didn't happen then it might just be the reason too. But Trump game much power to Elon which I think Elon may also be manipulating this market as he did in the past. a bear trap would make sense for people who gave importance to crypto than gold.
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no other big news that we can connect to as to why the market was dumping but Trumps tariff war. as soon as the day he imposed it, there was a massive drop of price, everyone speculated this must be related to what Trump does and it must be true as he is the Bitcoin President.
if there were just few more things that people are expecting to happen, and didn't happen then it might just be the reason too. But Trump game much power to Elon which I think Elon may also be manipulating this market as he did in the past. a bear trap would make sense for people who gave importance to crypto than gold.
The musky trumpeter is still behind Joe Biden.
Thats right BTCs all time high was on Joe Bidens last day of office.
So until BTC tops 109.5k trump is a loser to sleepy joe. Remember trump never beat sleepy joe.
Joe is and has never lost to trumo.
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One thing for sure: while we experienced the positive trump Effect for the past many months even before his election as POTUS, we are now also experiencing the other side of the coin the - negative Trump Effect. And this is because Trump is now so connected with Bitcoin...this thing would not have happened if Trump did not embrace Bitcoin or maybe if Harris won the election. Trump has been the gift to the Bitcoin market that keeps on giving and now he is also the factor for taking back part what the market has gained. Still, overall, I am sure that soon there will be many good news coming from the Trump administration that can prop up the price of Bitcoin to the top. February is still too early to talk and feel the possibility of a bear market taking over the bulls away.
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no other big news that we can connect to as to why the market was dumping but Trumps tariff war. as soon as the day he imposed it, there was a massive drop of price, everyone speculated this must be related to what Trump does and it must be true as he is the Bitcoin President.
If the global market gets affected due to this tariff, then it is understandable that the crypto market will be affected as well. More tariffs mean more tax, more inflation, and people get scared of it. I don't consider him as Bitcoin president. He cannot decide what will happen to Bitcoin. As you may know, he was a Bitcoin hater and nothing happened to Bitcoin.
Even if he bans Bitcoin from now on, the market will be affected for some time, and then everything will be recovered over the time. Bitcoin is good without trump.
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no other big news that we can connect to as to why the market was dumping but Trumps tariff war. as soon as the day he imposed it, there was a massive drop of price, everyone speculated this must be related to what Trump does and it must be true as he is the Bitcoin President.
If the global market gets affected due to this tariff, then it is understandable that the crypto market will be affected as well. More tariffs mean more tax, more inflation, and people get scared of it. I don't consider him as Bitcoin president. He cannot decide what will happen to Bitcoin. As you may know, he was a Bitcoin hater and nothing happened to Bitcoin.
Even if he bans Bitcoin from now on, the market will be affected for some time, and then everything will be recovered over the time. Bitcoin is good without trump.
but the musky trumpeter blows his horn on a daily
basis to shake shit up. he is capable of a lot of damage with his horn tooting.
I may go more defensive and hodl more cash less coins.
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This is what I don't like, linking Bitcoin to any person, president, country, institution or entity is a big mistake, this is exactly what Satoshi wanted, he wanted to invent something that is completely decentralized and not linked to any economy, country or entity.
Now don't say that Bitcoin has become centralized and linked to Trump, but sooner or later we will move towards centralization at a slow pace, if Trump or the United States or Elon Musk is the one who determines the path of Bitcoin, this means that we are approaching centralization and moving away from decentralization.
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Someone has to say it, this Trump everyone was so hyped about is now doing more harm to the crypto markets than the good we expected.
And even the current lows we experiencing, am going to pin it on him as his always leaving the seed of fear in people and what happens next is a bearish market.
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February > Bitcoin falls to $96.8K as Trump tariffs spook markets
March > Bitcoin falls to $76.4K as Trump tariffs spook markets
Let's see what happens in April, as this guy is bent on bleeding us out with his winning.
and it must be true as he is the Bitcoin President.
How is life under the new Bitcoin President?
I don't have enough storage on my HDDs for all the good news and price jumps we had since he took office.
Neither have I for all the sarcasm needed.
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This is what I don't like, linking Bitcoin to any person, president, country, institution or entity is a big mistake, this is exactly what Satoshi wanted, he wanted to invent something that is completely decentralized and not linked to any economy, country or entity.
Now don't say that Bitcoin has become centralized and linked to Trump, but sooner or later we will move towards centralization at a slow pace, if Trump or the United States or Elon Musk is the one who determines the path of Bitcoin, this means that we are approaching centralization and moving away from decentralization.
Look trump is a world market mover.
Last person that moved the world markets as much as trump will move them was hitler.
Does this mean trump is bad like Hitler was bad no. It means trump's actions will shift the world as much as hitler's
I would like to think the shift will not be as negative as world war II was.
Too soon to know the outcome of his moves.
Get ready for dip.
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Too soon to know the outcome of his moves.
Get ready for dip.
To be frank this is annoying, I think all he is doing all these just to acquire more bitcoin at lower value. To be honest soon the amount of influence both him and his team as on bitcoin will reduced. People will soon not be swayed by them this easily, the market sentiments will be more balanced. I remember when Elon was still having a really huge influence in the crypto market but now not as before especially in regards to bitcoin.
Trump would make America economy great again but I think his approach would be like the one that best suits him as a business man that he is.
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Too soon to know the outcome of his moves.
Get ready for dip.
To be frank this is annoying, I think all he is doing all these just to acquire more bitcoin at lower value. To be honest soon the amount of influence both him and his team as on bitcoin will reduced. People will soon not be swayed by them this easily, the market sentiments will be more balanced. I remember when Elon was still having a really huge influence in the crypto market but now not as before especially in regards to bitcoin.
Trump would make America economy great again but I think his approach would be like the one that best suits him as a business man that he is.
hey most every major stock market is being touched by his actions.
I made a lot of defensive moves in January and last year in case this happened but some of his moves are really nerve wracking.
My wife and I worked over a combined 40 years for the federal government and I am now worrying about my pension more than anything else.
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To be frank this is annoying, I think all he is doing all these just to acquire more bitcoin at lower value.
You give the idiot too much credit.
He's is doing so because he wants to hurt everyone, if he were such a financial genius he wouldn't have bankrupted 4 casinos!
Besides, he's scamming a ton of users already with his tokens, and his next scam is just around the corner with USD1!
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~snip~
Trump would make America economy great again but I think his approach would be like the one that best suits him as a business man that he is.
What movie will we see this in? I don't believe that something like that could happen in reality, because besides the fact that the man is clearly lost in space and time, he and his clowns have more than obvious dangerous intentions not only towards the world, but also towards the US.
A policy that says one thing today, something completely different tomorrow, and then does something that is neither of those is not only destructive, but especially dangerous for everyone. How do you expect America to be great again (whatever that means), if you have literally declared a trade war on all allies, and you are also questioning their independence and statehood?
~snip~
Besides, he's scamming a ton of users already with his tokens, and his next scam is just around the corner with USD1!
Do you think the mob will fall for the same trick again? I honestly did not think that I would experience the US president and the first lady participating in crypto scams, but these are really times when incredible things happen in a negative context, of course.
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~snip~
Trump would make America economy great again but I think his approach would be like the one that best suits him as a business man that he is.
What movie will we see this in? I don't believe that something like that could happen in reality, because besides the fact that the man is clearly lost in space and time, he and his clowns have more than obvious dangerous intentions not only towards the world, but also towards the US.
A policy that says one thing today, something completely different tomorrow, and then does something that is neither of those is not only destructive, but especially dangerous for everyone. How do you expect America to be great again (whatever that means), if you have literally declared a trade war on all allies, and you are also questioning their independence and statehood?
~snip~
Besides, he's scamming a ton of users already with his tokens, and his next scam is just around the corner with USD1!
Do you think the mob will fall for the same trick again? I honestly did not think that I would experience the US president and the first lady participating in crypto scams, but these are really times when incredible things happen in a negative context, of course.
Well at least I am 68 and have had a nice long 39 year marriage cause I think all this shit could going really sideways for quite a few people.
1) the world is melting the icecaps.
2) Alaska Russia Canada Norway Iceland border the arctic ocean
3) Trump wants Canada and Iceland in the USA pocket.
that is not fake news it is pretty much going to stick around for a while and could turn really bad for a lot of people.
the tariffs kick in on the 2nd so lets see just how bad it is for us.
back to 1 2 and 3 if that all happens it fucks
India Pakistan Bangladesh at best it is a push for China.
To me this looks like his play and I think it is going to hurt a lot of people. Myself included.
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~snip~
To me this looks like his play and I think it is going to hurt a lot of people. Myself included.
Of course, ordinary people will suffer the most, because the war with customs will only make an already expensive life more expensive, and a lot of people will lose their jobs globally. Some will adapt better than others, but as you already wrote, the world order is already shaken and everyone agrees that we could not have expected something like this in our wildest dreams.
BTC is still holding up well no matter what, but we'll see what happens in the coming days and weeks. I have been saying for months that years of chaos await us, but I sincerely hoped that reason would prevail in the American people and that they would choose the lesser of two evils - unfortunately that did not happen and we will all pay the price.
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~snip~
To me this looks like his play and I think it is going to hurt a lot of people. Myself included.
Of course, ordinary people will suffer the most, because the war with customs will only make an already expensive life more expensive, and a lot of people will lose their jobs globally. Some will adapt better than others, but as you already wrote, the world order is already shaken and everyone agrees that we could not have expected something like this in our wildest dreams.
To be frank, I'm still curious how all these will play. Anyway, I'm not really worried or scared after all my country economy state has been something we could say hellish for the common man.
BTC is still holding up well no matter what, but we'll see what happens in the coming days and weeks. I have been saying for months that years of chaos await us, but I sincerely hoped that reason would prevail in the American people and that they would choose the lesser of two evils - unfortunately that did not happen and we will all pay the price.
I guess you are referring to the Kamala vs Trump debate. Anyway, while at onetime I choose not to pick a side but still went back the side I was supporting in the long run, which was Trump. I think he will still do better. I don't know is entire motive for this but I think i the long run if this doesn't work he will find an alternative.
Also, that aside Bitcoin will still find a way to regain it growth, this is not the first challenge Bitcoin has ever faced in it growth neither the first governmental rule/law that disturbed it growth. In the end people will see it bigger than this challenges maybe this would be an enlightenment this time, that Bitcoin bigger than the government, rather let's just HODL, stack more and watch.
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The orange man is using tariffs as a monetary weapon, hoping to balance things out. But for now, the overall market is declining and the bitcoin/crypto market is being dragged down. but this is due to the fact that traditional investors don't know how Bitcoin and other crypto work, they still haven't realized Bitcoin is the safe haven for traditional market anomalies.
They haven't grasped that Bitcoin doesn't depend on banks or governments for its existence and perhaps have never even used a self-custody wallet like Electrum or Trezor.
I'm still undecided about whether I support what Trump is doing or not, but as long as Bitcoin's price stays around $80K, I'll keep stacking sats.
Maybe the market is just waiting for Trump's tariff resolution, more QE (quantitative easing) and interest rate cuts before the bull run can continue. But I wonder if that doesn't happen, do you think it could change Bitcoin's market cycle trajectory?
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BTC is still holding up well no matter what, but we'll see what happens in the coming days and weeks. I have been saying for months that years of chaos await us, but I sincerely hoped that reason would prevail in the American people and that they would choose the lesser of two evils - unfortunately that did not happen and we will all pay the price.
I guess you are referring to the Kamala vs Trump debate. Anyway, while at onetime I choose not to pick a side but still went back the side I was supporting in the long run, which was Trump. I think he will still do better. I don't know is entire motive for this but I think i the long run if this doesn't work he will find an alternative.
I would always choose a policy that is not destructive (because I don't know what else to call what the US is currently doing), and policy that calls the aggressor by his real name, and does not equate it with a victim who is fighting for his survival.
I don't know what will come of all this in the end, except that I know that millions of people will lose their jobs, and that we will pay a lot more for many things than we have been paying for them so far.
Also, that aside Bitcoin will still find a way to regain it growth, this is not the first challenge Bitcoin has ever faced in it growth neither the first governmental rule/law that disturbed it growth. In the end people will see it bigger than this challenges maybe this would be an enlightenment this time, that Bitcoin bigger than the government, rather let's just HODL, stack more and watch.
Perhaps the biggest challenge that BTC currently has is that too many people expect politics in the US to do something for them, but such people only want profit and do not care about the consequences that may arise as a result of the involvement of politics where it should not be.
These days I read various negative stories about BTC in the sense that it is losing value and that the bull run is over and that people are losing the money they invested in it, while at the same time the stock market in the US has lost as much as $6.4 trillion in the past few days.
In the last two days, the U.S. stock market has lost $6.4 trillion in value, according to Dow Jones Market Data. That beat the previous record, set over March 11-12, 2020, when the markets lost $4.4 trillion in value.
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Also, that aside Bitcoin will still find a way to regain it growth, this is not the first challenge Bitcoin has ever faced in it growth neither the first governmental rule/law that disturbed it growth. In the end people will see it bigger than this challenges maybe this would be an enlightenment this time, that Bitcoin bigger than the government, rather let's just HODL, stack more and watch.
Perhaps the biggest challenge that BTC currently has is that too many people expect politics in the US to do something for them, but such people only want profit and do not care about the consequences that may arise as a result of the involvement of politics where it should not be.
To be honest this is what somehow old cypherpunk were against the dependency on government but unfortunately what matters to many now is the value. Scalability issues doesn't matter to them and that was why they didn't care about the ordinals then and use the word Bitcoin is now bigger than Satoshi which is true but they ignore that doesn't mean everything to change. These was what brought the earlier interest of others rather than the value.
To be honest people in the end seems like they don't want to breakout from the shackles of governments and that's why the market is still highly swayed by them.
Anyway, this is also among what is killing blockchain innovation, all they care is to create their coins/tokens make money and dump, nothing really innovative in this technology especially in comparison to others pace.
These days I read various negative stories about BTC in the sense that it is losing value and that the bull run is over and that people are losing the money they invested in it, while at the same time the stock market in the US has lost as much as $6.4 trillion in the past few days.
In the last two days, the U.S. stock market has lost $6.4 trillion in value, according to Dow Jones Market Data. That beat the previous record, set over March 11-12, 2020, when the markets lost $4.4 trillion in value.
I guess this can be consider as a good news, ironically to be frank since many has that ideology that cryptocurrency is just too volatile, including bitcoin and see stock as something stable which is quite true but not as many take it literally.
This gave a view of how volatile and how much people can lost in stock within a short time which is an eye opener to many now. If it affect bitcoin, that means stock is inevitable also.
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These days I read various negative stories about BTC in the sense that it is losing value and that the bull run is over and that people are losing the money they invested in it, while at the same time the stock market in the US has lost as much as $6.4 trillion in the past few days.
In the last two days, the U.S. stock market has lost $6.4 trillion in value, according to Dow Jones Market Data. That beat the previous record, set over March 11-12, 2020, when the markets lost $4.4 trillion in value.
I guess this can be consider as a good news, ironically to be frank since many has that ideology that cryptocurrency is just too volatile, including bitcoin and see stock as something stable which is quite true but not as many take it literally.
This gave a view of how volatile and how much people can lost in stock within a short time which is an eye opener to many now. If it affect bitcoin, that means stock is inevitable also.
I've been happy over the past two days that Bitcoin has maintained its stability despite the significant drop in stock markets. I was proud to see Bitcoin hold steady while all other stocks gradually collapsed.
Unfortunately, the effect is now beginning to be felt in Bitcoin's performance, and it has begun to decline. There's now a significant drop, having fallen from $83K to below $79K. I hope Bitcoin can maintain its stability and recover quickly.
(https://www.talkimg.com/images/2025/04/06/llTbW.jpeg)
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I've been happy over the past two days that Bitcoin has maintained its stability despite the significant drop in stock markets. I was proud to see Bitcoin hold steady while all other stocks gradually collapsed.
Unfortunately, the effect is now beginning to be felt in Bitcoin's performance, and it has begun to decline. There's now a significant drop, having fallen from $83K to below $79K. I hope Bitcoin can maintain its stability and recover quickly.
(https://www.talkimg.com/images/2025/04/06/llTbW.jpeg)
There is still hope, Bitcoin is an asset that has historically followed the M2 price pattern, with a lag of approximately 100 days.
In other words, if M2 acquires greater liquidity by increasing in price months in advance, this will be reflected in Bitcoin months later, following its rhythm.
And now, M2 is on the rise, which means that there is more liquidity being added to the market and the more liquidity in the market, the more value is being distributed to variable income assets, this includes the stock market, crypto assets, etc.
(https://www.talkimg.com/images/2025/04/06/ll7VZ.png)
https://bitcoincounterflow.com/pt/graficos-bitcoin/m2-global-bitcoin/
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Bitcoin fall below $80k mark once again and none of us even worry a little bit even with such a fall. The market is going to recover from it as not only Bitcoin but the whole markets are dropping in value. The recovery will be there within a month.
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And now, M2 is on the rise, which means that there is more liquidity being added to the market and the more liquidity in the market, the more value is being distributed to variable income assets, this includes the stock market, crypto assets, etc.
Yes, I hope so. Today, Bitcoin continues to decline, with its price now below $77K, a drop of about 8% so far. I expect the decline to continue due to the panic in global markets.
However, I'm not worried because, as you mentioned, M2 is rising. This means more liquidity is being added to the market due to the price decline, which encourages more investors to buy. We hope the market recovers over time.
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And now, M2 is on the rise, which means that there is more liquidity being added to the market and the more liquidity in the market, the more value is being distributed to variable income assets, this includes the stock market, crypto assets, etc.
Yes, I hope so. Today, Bitcoin continues to decline, with its price now below $77K, a drop of about 8% so far. I expect the decline to continue due to the panic in global markets.
However, I'm not worried because, as you mentioned, M2 is rising. This means more liquidity is being added to the market due to the price decline, which encourages more investors to buy. We hope the market recovers over time.
It always recovers. Besides, today is Black Monday and will go down in history just like the coronacrash.
In times of crisis, it's a good opportunity to buy, great opportunities arise. But it's always good to have a caveat: buy only what you can afford to lose, profits will only be a good consequence of your patience and perseverance.
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This Tariff war that is going on in the world it is not only affecting bitcoin but also hitting hard on humans because the price of goods and services are very high and costly and that makes living unbearable. And right now US increases their Tariff to 245% while China has increased their 125%. And China like this is well ready for the battle.
They are all industrial countries so the war is not affecting them that much but other countries suffer the more.
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At first, during a crisis or threat of recession like the one we are facing with Trump's tariffs, investors tend to treat Bitcoin like any other technology stock, and then it tends to follow its own path (as happened in the coronacrash).
I heard that the EUA, through President Trump, was negotiating a deal with China regarding the tariffs that are now set at 145%.
However, the Chinese Commerce Ministry spokesperson said that there are no negotiations taking place around the tariffs (https://www.theguardian.com/business/2025/apr/24/us-china-trade-talks-tariffs-donald-trump)... which could discourage the market in a few days if this actually happens. In the meantime, China has said that it's willing to make a deal with EUA as long as Trump completely cancels the tariffs and tries to negotiate another way.