#TradeWarEases TradeWarEases Trump is still the most phantom news driver of this season. At this point, trading is just following the news; economic analysis doesn’t matter much.
This market is indeed not for the faint-hearted, especially with Mr. Trump, his team, and the trade tensions between the U.S. and China that he creates, surely with a purpose.
There was a time when everything was fine, the coin prices were green, and suddenly I read that Mr. Trump announced he would raise tariffs on imports from China, and then Bitcoin shot up like a rocket, but his team had quietly accumulated assets before he hit send on the Tweet, while altcoins went haywire. I don’t know whether to say make America great again or make Trump's wallet great again.
But it doesn’t stop there; Mr. Trump often likes to “drop hints” in a half-joking, half-serious manner, saying the U.S. should have its own digital currency, then claiming that cryptocurrency must be strictly controlled because it could be used for terrorism. Every time he opens his mouth, the market feels like a roller coaster, leaving no time to yawn. Sometimes I think the professional traders must have a special “Trump Alert” to know when to escape early. Well, it is an interesting thing this season. Luckily, I still managed to make a little profit; otherwise, I would probably curse him until the end of his term.