Normally, I’m really piss poor at admitting that I was wrong… however, this time, there is no denying it! I called my shot like the “Great Bambino” called his, and I came up short. I begin to ask, “Why did this happen?” Why did bitcoin drop like a rock to 3700? Well, my first mistake was not realizing that Trump had an address to the nation on live TV yesterday. Being unaware of this key event was definitely a big blunder while creating my first blog post. But, after realizing it a little too late to address it in my opening statement, I began to think about what effect this monologue about Afghanistan could have on the crypto currency world.
Generally speaking… War, chaos, and political turmoil have been huge drivers of upward momentum in all things bitcoin. Any time there is some kind of unrest in this world, crypto currency (the pro globalization market) profits from the struggles of the powers that be. Bitcoin loves seeing the powerful leaders of our country and the world fall flat on their face. In fact, I’m almost certain that every time President Trump has gotten a hand on the mic prior to August 21, he has said a blunder, or unrest in the media or public perception that has caused bitcoin to surge in price or, at the very minimum, stay put. I’m sure everyone knows by now that Trump is not an exceptional linguist with eloquent speech. He has room for…
Improvement. But somehow, Trump seemed to pull a rabbit out of his hat and actually sounded well-spoken (or at least look well-spoken on paper, as I only read the transcription rather than watch.) He began his speech talking about the lack of success in Afghanistan and how he had intent on quitting the Afghan War when coming into office. Initially, this lead us to believe that maybe the US will be pulling out of the war and letting the region ideally figure out their own way to stabilize (never gonna happen). At this point, volume spiked and some people panicked out of their market share diving the price down. Bitcoin dropped 300 bucks to about 3725 in no time flat. Lots of people started selling off to protect their profits and collect their realized gains. The course quickly corrected after Trump began to change his tune and drive the point home that the USA would win this war.
So basically, this small, quick down swing was all because someone in Trump’s camp finally decided to write a pretty badass speech for Mr. President. And the crazy thing is… somehow Trump pulled it off. Therefore, I don’t blame myself for missing a slight down swing. I blame the person who wrote an excellent speech for Trump. Sadly, this dude or dudette made me look like an idiot for about 15 hours. And I personally felt bad for anyone that took my advice for a hot minute. However, hopefully u were willing and able to pull more money out of ur pocket and put it on the table knowing that you have pocket aces in the hole!!! And whoever that dude or dudette is that wrote the speech, they deserve at least double their current salary for stepping up Trump’s presidential game more than I thought was possible!
One thing I do know is that I’m still ALL IN and recommending that you still…
