#TradeWarEases
Trump remains the most elusive news driver this season. At this point, trading is all about following the news; economic analysis doesn’t seem to matter much.
This market is certainly not for the faint-hearted, especially with Trump’s involvement, his team of traders, and the trade tensions between the U.S. and China that he creates, which surely have a purpose.
There was a time when everything was calm, the coin prices were looking green, and suddenly I read that Trump announced he would raise tariffs on imports from China; then Bitcoin skyrocketed like a rocket while his team quietly accumulated assets before he hit send on the Tweet, and altcoins went haywire. I don't know whether to make America great again or to make Trump's wallet great again.
But it didn’t stop there; Trump also likes to “tease” in a half-joking, half-serious manner, saying that the U.S. should have its own digital currency, then claiming that cryptocurrency needs strict control because it could be used for terrorism. Every time he opens his mouth, the market feels like a roller coaster, no time to catch a breath. Many times I think that professional traders probably have their own “Trump Alert” to know when to escape early. Well, it's still an interesting season. Thankfully, I can still make a little profit; otherwise, I would probably curse him until the end of this term.