In the long run I think it will work itself out. Trump is no dummy when it comes to business deals, and I'm sure he's not going to just let the economy run dry over a bad decision.
You guys keep forgetting that there is a derivatives market with plenty of daily opportunities. Bitcoin might be an interesting market for speculators, but there is too much risk and too little value underneath it that it makes it way more difficult to trade than the regular derivatives market. If you guys want Bitcoin to succeed, you have to ignore politicians. They will speak about Bitcoin to either get your votes or to scam you. That is what they do. They have a country backing them up with plenty of gold and taxpayers, they don't need Bitcoin for anything. Bitcoin is a medium to avoid standard financial systems, but you guys keep forgetting that. Watching the price up and down is not the reason why you would want Bitcoin. If you just wanted money, you could go somewhere else and ignore Bitcoin altogether.
No, what you should be doing is reading in between the lines and recognizing the facts... Trump and his family are heavily invested in different crypto assets, Bitcoin, Ethereum, Solana, XRP to name a few. Which most of these are on the proposed strategic reserve.Why would they invest in something they are going to let go down the drain? It's the volatility that attracts retail. Look it up, Bitcoin is the Best performing asset of the last 10 years. It's not our fault it is the biggest success...
When traditional markets take a down turn for real. I don't know when that is. A month or two maybe? Bitcoin probably down to $30K before end of year. If(when) Tether collapses, below $10K.
I closed my 1 sigma’s for 5x. I added to the position when it showed itself or the initial would have been 7x. @Sekiyo. I did more with a couple thousand than I did on 12x that amount trading the stock the last two days. Today though I bought the triangle / cup And handle and made stock money also.