The just concluded crypto summit..your take?

[BullTrader]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

[Baofeng]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

It's because there's nothing to react to, Trump just says that the will just hold on crypto that they have. So it you read between the lines, there will be no buying from the US government unlike Argentina.

And obviously we are all dismayed by the Summit and on the other hand, if you want to see the reaction, price goes down again -3% to -4% in the last 24 hours.

[rdluffy]

The only explanation is that the market had already priced in the BTC reserve and that's why the price didn't react as many had expected
But the meeting was positive, the United States will no longer sell BTC, and this isolated fact is already something relevant for the market
After all, the US has around US$ 17.5 billion in BTC

In addition, it has encouraged the raising of BTC by other means, which in my opinion could be accepting BTC in taxes or something like that

[TomPluz]

We are disappointed all because the market did not react very positively to the crypto summit as initiated by the White House. In my view, we should not expect that all the things made by Trump or the White House on cryptocurrency will lead to breakout in prices of coins most especially Bitcoin. Expecting unrealistically is something that can be a formula for disaster. Next time we know, irrational people in the industry will start to blame Trump...watch out for that. As for me, it is already good thing that Trump has not decided to sell the BTC under government's hands...had he not won we will never be sure if those will be kept under the strategic reserve for crypto...that would have been a very negative force to reckon with.

[Mr. Magkaisa]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

     -      However, this is still a good opportunity for us to DCA in the alts that we are accumulating for long-term holdings, and I am fairly certain that many will do so.

As far as I know, many people expected a short rally in the price value of bitcoin, but they were disappointed because instead of rising, there was a short dump in the price of bitcoin, which also caused other top altcoins to turn red in the market.

[Mia Chloe]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

Sudden drastic price movement is of two affected by something for the masses to use as an edge to either sell off or buy some coins. Basically it was an expectation to be awaited but there wasn't really a major cause for the masses to take action.
FOMO fed on is one major thing that contributes to upward or downward movement in the market. Some persons always look out for these events before buying or selling.

[ZAINmalik75]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

I did not listen to it live but wil see the main highlights or read some news read some already though, the market should react to it, it was good and in favor of crypto but I guess market already reacted when it reached $93k and then dumped again to $87k and lesser, now it did not made such big move because everything was already expected and people already did their buying when the news breaks out.

Now the big news is when he will say we have bought 5 billions of BTC  I know the amount is very big and not in this world he is going to invest that big amount in crypto but let's see if a positive news like this comes then we can see a big move in the price of BT.

[Cryptsafe]

If the market did not react to the just concluded white house Crypto summit then what do you think?
It is clear now that the market manipulation is gradually coming to an end and nothing is special again there to kind of influencing the market price. It is nice the whales and other groups are seeing this now and knowing that the era of market manipulation is gradually fading away. If the US Crypto summit that could have stired up a strong pump in price could not be able to get it their manipulative way, then what else do you expect. People are now wise and would not allow such to happen this time around.

[target]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

It's because there's nothing to react to, Trump just says that the will just hold on crypto that they have. So it you read between the lines, there will be no buying from the US government unlike Argentina.

And obviously we are all dismayed by the Summit and on the other hand, if you want to see the reaction, price goes down again -3% to -4% in the last 24 hours.

I also thought there will be a market reaction when I heard there will be a crypto summit but it was leaked the day before the summit day that they are not using government tax money to buy BTC but instead will keep the BTC seized by the government.

Although this is good news, there is nothing that can make investors look at the market with liquidity to flow. Noting to expect but I think these are still manipulation. Of course this is what they wanted people to see so that no one will panic buy.

[Wiwo]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

Why do you guys expect too much from just a submit, I think we should be well informed more than this by now and as a matter of we should not divert attention to speculations rather we should focus on government action, what Trump has to offer with his crypto ambition and how he will act to sustain a robust reserve in digital assets for the state.

Now that Trump is the president, he can achieve all his dreams about crypto as he promised and preached during his campaign before his reelection.

[LogitechMouse]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

The crypto summit happened at around 2:30 AM to 6:30 AM on our time so I'm sleeping while it happened.

Before I go to sleep, I'm thinking that I might be putting a long position then put my TP and SL, but for some reasons, I didn't do it, and I guess it's a good thing because the market didn't react the way many are expecting. I didn't listen to it, and the fact that the market didn't react positively to it means that there might be nothing significant on the event that would make investors to buy even more Bitcoin or other altcoins.

Well, I guess it's good that the market didn't react to it because in the past few weeks, the market is moving because of Donald Trump. Investors must realize that the market must not move based on what a single person is saying.

[Crwth]

Upon my research, some key takeaways were that the strategic Bitcoin reserve will be from the seized BTC, so there is no injection of new liquidity right now. It's somewhat a let down in the short term but maybe good in the long term.

From what I have read, the regulation shift will also support digital assets like crypto. Not much aggressiveness will be done.

Overall, I believe it's a good plan that they want the U.S. to be a leader in the crypto space. I hope another impact can be made.

[Bobcrypto]

The good thing from this Bitcoin submit in the White is the implementation of the Bitcoin strategic reserve, it is Worth commendable the President Donald Trump's efforts, at least, for keeping to his election promises.
I am not disappointed at all having seen how some political leaders can be trusted in their words, though the market did not react now, but it may react in near future especially if other countries step into this idea.
We hope to see a wider adoptions of the Bitcoin strategic reserve by other nations to further boost demands.

[bitterguy28]

Hi guys happy weekend. So the crypto summit held yesterday at the White House. But surprisingly the market didn't react positively. Who listened to it and what do y'all think about the event?.

i was not able to monitor it closely but it seems like it would be safe to say that it did not create that much noise it seems like nothing special or surprising was said in the event and they only reiterated what has been already discussed when it comes to crypto laws and approach

i think the national reserve was mentioned but we already know of this hence why no one really is surprised anymore maybe it needs a few more days if the market were to react but let's see

[bounceback]

Sad ending for conclusion of crypto summit last two days ago, not bring impact yet for market keep stable at lower price after my huge expectation with crypto summit bring positive impact for cryptocurrency price. Seems many investor got disappointed with crypto summit result although US government keep support with bitcoin and altcoin but they not invest any more in bitcoin or altcoin.
just waste our time waiting the big news at crypto summit without bring positive impact yet for market, I don't sure yet with Donald Trump promising at his campaign will make crypto more useful in the future as legal payment currency.