{"id":13843,"date":"2019-07-12T08:49:40","date_gmt":"2019-07-12T07:49:40","guid":{"rendered":"https:\/\/dont.wasteyourtime.co\/?p=13843"},"modified":"2020-07-07T16:05:44","modified_gmt":"2020-07-07T15:05:44","slug":"bitcoin-price-trump","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/07\/bitcoin-price-trump\/","title":{"rendered":"Bitcoin price, Trump or How Do You Understand All of This"},"content":{"rendered":"\r\n<p style=\"text-align: right;\"><em>3 min read<\/em><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"478\" class=\"wp-image-13850\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/btc-trump-1.jpg\" alt=\"Bitcoin price\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/btc-trump-1.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/btc-trump-1-300x179.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/btc-trump-1-768x459.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/btc-trump-1-370x221.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/btc-trump-1-760x454.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/btc-trump-1-424x253.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\r\n\r\n\r\n\r\n<p>Bitcoin has been growing of the new week after a drowsy weekend. The Chairman of the Federal Reserve revealed the chance of Bitcoin becoming the globally dominant currency. Hence, the current reserve assets could be worthless, admitted Fed.<\/p>\r\n\r\n\r\n\r\n<p>Let&#8217;s see first how Bitcoin performed in the past days. The Bitcoin price showed bullish signs this past week. But why now seems all of that real energy has vanished once again. What can we expect in the following days?<\/p>\r\n\r\n\r\n\r\n<p><strong>Take the quiz at the end!!!<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Bitcoin made a drastic turnaround from where it was six months ago. At that time the prices pined around $3,500. But enthusiasm over broader mainstream approval has increased the hum about cryptocurrencies. The result was: the prices have the flight.<\/p>\r\n\r\n\r\n\r\n<p>John McAfee made a bet on July 17th, 2017: One single Bitcoin would be worth $ 500,000.00 in three years. Later he made some corrections and foretold $ 1 million by the end of 2020.<\/p>\r\n\r\n\r\n\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/07\/bitcoin-price-trump\/#Is_that_prediction_really_reasonable\" >Is that prediction really reasonable?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/07\/bitcoin-price-trump\/#The_principle_of_how_Bitcoin_rise_is_simple\" >The principle of how Bitcoin rise is simple.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/07\/bitcoin-price-trump\/#There_is_no_need_to_buy_one_Bitcoin_as_a_whole\" >There is no need to buy one Bitcoin as a whole.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/07\/bitcoin-price-trump\/#Bitcoin_against_the_politicians\" >Bitcoin against the politicians<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/07\/bitcoin-price-trump\/#In_the_past_24_hours_the_price_of_Bitcoin_rose_79\" >In the past 24 hours, the price of Bitcoin rose 7,9%.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/07\/bitcoin-price-trump\/#Bitcoin_did_not_respect_Trumps_anti-crypto_comments\" >Bitcoin did not respect Trump\u2019s anti-crypto comments.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/07\/bitcoin-price-trump\/#The_bottom_line\" >The bottom line<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_that_prediction_really_reasonable\"><\/span><strong>Is that prediction really reasonable?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n\r\n\r\n\r\n<p>Bitcoin price is about $11,300. To gain $1 million by the end of 2020, BTC should have a permanent-growth rate of almost $ 0,5 per day starting from the price level $2, 250 how much it was in 2017. on McAfee&#8217;s date of prediction.<\/p>\r\n\r\n\r\n\r\n<p>Yes, Bitcoin price so often changes the value so the 0,5% doesn&#8217;t sound too much. The charm of exponential increase.<\/p>\r\n\r\n\r\n\r\n<p>Bitcoin is limited. There is 21 Million BTC. Period. You see, we have more millionaires on this planet. There are not enough Bitcoins for each of them.<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_principle_of_how_Bitcoin_rise_is_simple\"><\/span><strong>The principle of how Bitcoin rise is simple.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>The more people are buying it, the price is higher.<\/p>\r\n\r\n\r\n\r\n<p>The market capitalization of bitcoin is still small. Of course, if we make a comparison to the stock market or gold for example.<\/p>\r\n\r\n\r\n\r\n<p>There is no need to buy one Bitcoin as a whole. You can buy a part of a bitcoin, so-called bits. And what will happen? The more people are buying, the price will grow more.<\/p>\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"There_is_no_need_to_buy_one_Bitcoin_as_a_whole\"><\/span><strong>There is no need to buy one Bitcoin as a whole.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n\r\n\r\n\r\n<p>You can buy a part of a bitcoin, so-called bits. And what will happen? The more people are buying, the price will grow more. Moreover,\u00a0 the popular fiat banking system is too complicated and you will find that bitcoin is a lot more practical. The price will jump again.<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_against_the_politicians\"><\/span><strong>Bitcoin against the politicians<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>U.S. President Donald Trump on Thursday said he\u2019s \u201cnot a fan\u201d of cryptocurrencies. Moreover, he recommended that Facebook may need a banking license if the company wants to launch Libra. Sic!<\/p>\r\n\r\n\r\n\r\n<p>May any president have an influence on crypto?<\/p>\r\n\r\n\r\n\r\n<p>Well, Bitcoin doesn&#8217;t care about their opinions.<\/p>\r\n\r\n\r\n\r\n<p>Anyway, Mr. Trump tweeted:<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"606\" height=\"401\" class=\"wp-image-13844\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-1.jpg\" alt=\"The bitcoin price rose after Trump said he is not a fan of it.\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-1.jpg 606w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-1-300x199.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-1-370x245.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-1-424x281.jpg 424w\" sizes=\"auto, (max-width: 606px) 100vw, 606px\" \/><\/figure>\r\n\r\n\r\n\r\n<p><strong>Take the quiz at the end of the post!!!<\/strong><\/p>\r\n\r\n\r\n\r\n<p>&#8230; and about Facebook&#8217;s Libra<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"599\" height=\"356\" class=\"wp-image-13845\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-2-1.jpg\" alt=\"\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-2-1.jpg 599w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-2-1-300x178.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-2-1-370x220.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/07\/Trump-btc-2-1-424x252.jpg 424w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/figure>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_the_past_24_hours_the_price_of_Bitcoin_rose_79\"><\/span><strong>In the past 24 hours, the price of Bitcoin rose 7,9%.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>The other cryptocurrencies <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\">recorded<\/a> even higher increases. Ethereum rose nearly 8% and Monero more than 13%.<\/p>\r\n\r\n\r\n\r\n<p>And BTC against the dollar marked changes that should cause the upsets. According to CoinDesk: it touched an unusual of $12,033.74 and a low of $11,142.79. Who won&#8217;t be worried?<\/p>\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_did_not_respect_Trumps_anti-crypto_comments\"><\/span><strong>Bitcoin did not respect Trump\u2019s anti-crypto comments.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n\r\n\r\n\r\n<p>We saw the last trading! After Trump&#8217;s tweets, the BTC price was higher for 1% in one day, the price was $11,447.<\/p>\r\n\r\n\r\n\r\n<p>Even more, crypto doesn&#8217;t care about the Fed&#8217;s opinion.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Federal Reserve Chair Jerome Powell talked largely about <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/06\/facebooks-libra\/\">Facebook\u2019s Libra<\/a>.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Powell accented that before proceeding, Facebook needs to address \u201cserious concerns\u201d in regards to \u201cprivacy, money laundering, consumer protection, and financial stability.\u201d<\/p>\r\n\r\n\r\n\r\n<p>Same old words!<\/p>\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_bottom_line\"><\/span><strong>The bottom line<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n\r\n\r\n\r\n<p>What we can say about the future of Bitcoin price is that there are some chances to drop below $11,000. The crypto market is well-known as volatile. But it can rise to $16,000 also to the end of July.<\/p>\r\n\r\n\r\n\r\n<p>This old guy is smarter than we think and no one should underestimate a possibility to surprise us. Moreover, many <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/02\/monetizing-bitcoin\/\">traders expect<\/a> exactly that. The price to go up.<\/p>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>3 min read Bitcoin has been growing of the new week after a drowsy weekend. The Chairman of the Federal Reserve revealed the chance of Bitcoin becoming the globally dominant currency. Hence, the current reserve assets could be worthless, admitted Fed. Let&#8217;s see first how Bitcoin performed in the past days. The Bitcoin price showed [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":13851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1004,1005],"tags":[75,167,677,1066],"class_list":["post-13843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-financial-news","category-market-today","tag-bitcoin","tag-bitcoin-price","tag-fed","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin price rose after Trump said he is not a fan of it. - Traders-Paradise<\/title>\n<meta name=\"description\" content=\"The bitcoin price rose. It did not respect Trump\u2019s anti-crypto comments. 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