It's my birthday and I was just wondering why Trump had to escalate the trade war by including a 10% baseline on almost all the country. The worst part is some countries like China are already retaliating back, and returning the bomb Trump called favor.
I am not into crypto aside from Hive but I feel for folks you are. When the president of Nigeria Tinubu was elected on sit, the first rule he set was removing fuel subsidy which he claims will benefit the economy and lives of people, but the moment he did that they was massive recession and inflation, jobs where lost and business close down, the lower and middle class where the ones who suffered Tinubu decision even up to this very moment and it just got me thinking about Trump he really isn't doing anything different from what Nigerians president did, in fact he is doing worst his decision however might lead to great economy downfall for years and might take years to repair
Despite the fact that Trump claims this will be a massive growth for the US economy, Stock market and global economy I still find it hard to believe. As the world and market was in total Chaos even till now. He claims this will put the US on top and it's time to reclaim what they've been taking from the US economy, as per his statement, I think he should stop being selfish, because with this impact on the US economy it will also affect the lives of people all over the world
The moment he made that announcement all crypto went into free fall like dead flies. It's a clear case for me cause it's just so obvious Trump is forcing a massive recession not only on the US but on the world. Most companies dealing with just importation business, might be prompt to lay down workers, heck it might even lead to a lot of people closing down business.
The logic is quite fair, you buy when there is massive fear and panic, however with the massive unlocking event taking place today for solana releasing over $200 million worth of tokens i think it's a no go area investing there for now till the dip is certain. This event might take two turns it might either lead to a short term selling pressure, stability or even a rally, however it is not just about these whales releasing the token, it is about solana standing the test of time this will drastically prove how strong the ecosystem and community is.
If investors maintain the confidence and trust for the Solana project by holding or selling gradually the impact might be minimal but if the majority of these holders decide to sell there could be a sharp price decline.
$200 million is a large sum of cash and if it could disrupt demand. it might lead to a free fall in solana. with such a large sum released.
I just feel disappointed though that people had to experience a massive loss on my birthday. With the way investors' portfolios were bleeding yesterday, it was really emotional reading the news and how people express their loss. I think for now the best traders can do is to be cautious and trade without emotions or better still if the impact is too much take a break, wait a while for the trade war to be over or market to be stable before investing, However while these can signal a massive lost for some people it might be a golden opportunity for many to buy low and hold.
Happy birthday to me, wishing me long life prosperity, good health, more blessings and more money :)
P:S Am no expert this is not financial advice do your own research before embarking on investment it is just me pouring out my emotions. stay sharp stay safe and stay vigilant
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