If you have followed the traditional markets, you may have heard the sentence “don’t fight the Fed”. This was a long principal principle of conventional markets, suggesting that traders should align their strategies on the federal reserve policy, because the actions of the Central Bank considerably influence the Directorate of Asset Markets.
Recently, a variation of this mantra emerged on X after the popular passionate of Altcoin, Gordon, said: “Never faner Eric Trump”, referring to a positive price action in the wake of participants in the crypto market encouraging on February 25 of Eric Trump to “buy the decreases”.
The Gordon post came while the total cryptography market rebounded from 11% to 3.09 dollars billions on March 2, almost reversing the decrease observed on the last week of February. The two -digit increase, stimulated by the mention by President Donald Trump of Ada, XRP and soil as a strategic reserve candidates with Crypto with BTC and ETH as Core, validated his son, Eric Trump, Bias for Dip Buy.
Consequently, retail traders, in particular those who seek to make rapid benefits from day trading or short -term trading, can be tempted to strictly monitor Eric Trump publications. However, it is important to reconsider, because the data reveal that Eric’s tweets are not necessarily profitable for speculators and day merchants.
To start, the market rebound on March 2 was extremely short -lived, while the total market capitalization of cryptography collapsed at 2.78 billions of dollars the next day and slipped by more than 2.6 billions of dollars on Sunday.
The other two taken from Eric Trump published on X since his father Donald Trump took office on January 20 did not do for day traders either.
The first, dated February 4, said: “In my opinion, this is the perfect time to add ETH.”
On that day, the native token ether of Ethereum exchanged above $ 2,700, having recovered from an accident suddenly at almost $ 2,000 the day before. Quick recovery reminded the bottom of August at the same levels, after which the price of the token reached $ 4,000 in the following months.
However, Ether has never really taken a solid offer and has since dropped by more than 25% to $ 2,000. Note that the DEFI platform linked to Donald Trump World Liberty Financial would have tripled its assets to more than $ 10 million last week, signaling the confidence in the long-term perspectives of the cryptocurrency.
The same thing can be said about Eric Trump’s opinion on the BTC on February 6, when he posted on X, “feels the perfect time to enter #BTC, while marking World Liberty Financial”.
At the time, BTC exchanged nearly $ 96,000 and has since dropped to $ 82,000, a slide of 14.5%, according to Data Source Coindesk. The decline was largely linked to macroeconomic concerns, in particular the President’s prices on imports from China, Mexico and Canada.
The president, however, was more user -friendly in Crypto, recently announcing the creation of a BTC strategic reserve which retains parts entered in application actions.
My advice: Hodl, Eric Trump said
On March 3, Eric Trump moved gears to suggest the merit of pursuing a long -term maintenance strategy.
“Now, my advice: Hold (that is to say in the long term),” said Eric Trump on X, recognizing a Gordon position encouraging the rebound in the market.
