📈 Joe Biden caused the Markets to Crash

[Shigobad2020]

According to reports, the president would propose hiking the capital gains tax limit for Americans making $1 million a year from investment profits from 20% to 39.6% under his American Family Plan. Investors in the Crypto, Stock, and Shares have pulled their money out, as a result, consequently causing widespread panic from a "dip".

Are you buying the dip/market crash? If, so what coins are you buying?

Like i always says , panicking due to hearing bad news over anything you invest on will always lead to negative influence, whereby you start telling your colleague about the bad thing that might happen to your investment and everybody will start withdrawing from the investment and thereby making it crash. The news is not genuine yet until he implement it.

 

[Alexandoy]

President Joe Biden is actually not a good economic planner in said he is just welfare president. He shouldn't have come up with a policy such as these that is capable of bringing down the economy because this is how I see this economic policies that he is bringing on board as I will call it a rip-off of legitimate traders who make their money in a genuine way.

I am not keen on US politics but from what I know Trump is a businessman not just an ordinary one but a shrewd businessman so he knows the game of economics. But Biden has his advisers who can tell him the dos and donts in the economy. Right now I do not see any tragic economic events in the US under Biden's rule.

 

[Nomad]

I do not know what the President of the United States has under his sleeve for the American people but it is true that previously when he decided to tax the crypto traders, the crypto price fell.

 

[Jlife]

This is possible because he believe that a lot of people are making millions of naira from cryptocurrency and he think that is a perfect opportunity for him to make people that are trading and investing in cryptocurrency to pay tax.

 

[Richard92]

When I actually made that statement I observed that the price of cryptocurrency like bitcoins actually drop and all cryptocurrency was seriously in depreciation, I think he was just considering it and it is not possible that he will make the law.

actually many people are seeing that the president of the United States of America has made the cryptocurrency market to crash because of the high taxes off the crypto-currency market and this has led to depreciation of the currency.

 

[Ralphjoe]

A lot of things can cause the market to crash. If some influential figures talks positively, the price goes up, if he talks negatively, price goes down. Wen countries ban crypto, price goes down

In this situation factors that cause the crash in price of Bitcoin and in effort other cryptocurrency in the market is actually because you buy them actually talked about regulating the crypto-currency market.

 

[Justin]

Biden's decision to tax crypto trading caused the price to go down but the price was low not just due to Biden's policy. Currently, there is not much demand in the market

 

[Sotherefore]

actually many people are seeing that the president of the United States of America has made the cryptocurrency market to crash because of the high taxes off the crypto-currency market and this has led to depreciation of the currency.

The depression must have gone by now because when he said that the market crashes seriously but after few days it eventually bounced back to the original price, that is the reason I like cryptocurrency, it will always bounce back.
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Lolz, I am buying the dip and now I am still buying because all coins are dropping seriously, we don't even know the perfect time to buy The dip anymore because when we keep buying the dip the dips keep on becoming dipper, life of cryptocurrency is fun.

 

[gammarays]

I don't know why people chose to blame the Chinese for the global crypto crash when it's glaring that the US caused it. China banned it to forestall the damage on it's citizens and businesses so they pulled out on time.

 

[Nurudeen]

Jo Biden knows nothing about the economy. Just like he disrupted the crypto currency exchange Business, the US stock market is also in shambles as at this moment and there is no where to go from here right now

 

[Yusuf]

The action of how Biden is really not surprising and if you check the activities of the man very well you will notice that the man does not have that much zeal in setting up economy of the United States of America

 

[GIFTMICHAEL]

Joe Biden's decision earlier on took digital coin traders by surprise, they never expected it at all. I believe such high gas fee charges Biden attached for them to pay is reduced. Cos their is no panic around the traders again.

 

[Senator]

The cryptocurrencies market is not like the forex market where such news make great impact on the traders behavior. The news can only impact both ways for the forex market but not on the cryptocurrencies market. My opinion

 

[gammarays]

Biden's announcement resulted in the dip were currently facing. The Chinese had to ban crypto to prevent their citizens from experiencing loss that will come to crypto. However, the dip was a blessing because so many bought at a low price.

 

[Hena101]

To be sincere when he made the statement thing begin to change in the crypto currency market and that show Joe Bidien is not good at handling economic.

 

[Grandeur]

As at the time this thread was posted, the dip was still new and many of us have been hearing about buying the dip little did we know that the dip would lead to a long bear run

 

[Dowenship]

When I actually made that statement I observed that the price of cryptocurrency like bitcoins actually drop and all cryptocurrency was seriously in depreciation, I think he was just considering it and it is not possible that he will make the law.

You know bitcoin being the original coin controls all the market in crypto. It take the lead for others to follow, that's why we experienced the follow up from other coin.

 

[Heatman]

According to reports, the president would propose hiking the capital gains tax limit for Americans making $1 million a year from investment profits from 20% to 39.6% under his American Family Plan. Investors in the Crypto, Stock, and Shares have pulled their money out, as a result, consequently causing widespread panic from a "dip".

Are you buying the dip/market crash? If, so what coins are you buying?

Anyone who is actually a very wise investor in cryptocurrency will always take the opportunity that we all have now when it comes to cryptocurrency to invest now because it is the best time for anyone to invest as a result of the price.

 

[jeff87]

According to reports, the president would propose hiking the capital gains tax limit for Americans making $1 million a year from investment profits from 20% to 39.6% under his American Family Plan. Investors in the Crypto, Stock, and Shares have pulled their money out, as a result, consequently causing widespread panic from a "dip".

Are you buying the dip/market crash? If, so what coins are you buying?

This announcement of the president really had created a big impact to the cryptocurrency market. Immediately the prices of cryptocurrency are falling. Meanwhile, traders from outside the US see this market dip as an opportunity to buy coins at a very low price. I will buy coins like wink, one harmony, etc.

 

[Heatman]

Concerning Joe Biden causing the market to crash. Well, It is what we all witnessed not only in the crypto currency alone but also in forex, we saw so many reds and drops when the announced about the tax policy on crypto currency. Well, I hope he reconsider one day

Sseriously I believe that whatever happens with cryptocurrency trading it's directly or indirectly going to affect forex trading because they are both in the same line of trade.