#TradeWarEases will always be the captain of the most ghostly news this season. Trading at this level is about following news rather than relying heavily on economic analysis.
This market is definitely not for the faint-hearted, especially with the presence of Mr. Trump, his team, and the trade tensions between the US and China that he creates, which certainly have a purpose.
There was a time when everything was calm, the coin prices were looking good, and suddenly I read the news that Mr. Trump announced he would raise tariffs on imports from China. Then Bitcoin skyrocketed like a rocket, but his team had quietly accumulated assets before he hit the Tweet button, while altcoins went haywire. I don’t know whether to say make America great again or make Trump’s wallet great again.
Not stopping there, Mr. Trump often likes to “tease” in a half-joking, half-serious way, saying that America should have its own digital currency, and then claiming that cryptocurrency must be tightly 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 even yawn. Sometimes I think that professional traders must have a special “Trump Alert” to know when to escape early. Well, at least it’s an interesting time this season. Luckily, I’m still able to earn a bit; otherwise, I would probably curse him until the end of his term.