If you have followed traditional markets, you may have heard the phrase “don’t fight bold.” It has been a long guiding principle in conventional markets, suggesting that dealers should adapt their strategies with the Federal Reserve’s policy, as the central bank’s actions significantly affect the direction of the asset markets.
Recently, a variation of this mantra appeared on X after the popular Altcoin enthusiast Gordon said, “Never fade Eric Trump,” citing positive price action in the wake of Eric Trump’s February 25 Post, which urged Crypto Market participants to “buy dips.”
Gordon’s post came when the total crypto market jumped 11% to $ 3.09 trillion on March 2nd, which almost turned the fall seen in the last week of February. The double -digit increase, spurred by President Donald Trump’s mention of ADA, XRP, Andsol as candidates for strategic crypto reserve with BTC and ETH as the core, validated his son, Eric Trumps, bias for dip purchases.
Therefore, retailers, especially those who want to make quick profits from daycare or short -term trade, may be tempted to strictly follow Eric Trump’s positions. However, it is important to rethink as data reveals that Eric’s tweets are not necessarily profitable for speculators and day traders.
For starters, the market seen on March 2nd was extremely short-lived as the total crypto market capitalization collapsed to $ 2.78 trillion on the same day and slid further to $ 2.6 trillion on Sunday.
Eric Trump’s other two take on X, since his father Donald Trump joined on January 20 also did a little for day traders.
The first, dated 4th February, said, “In my opinion it’s a good time to add eth.”
That day, Ethereum’s native tokenether traded over $ 2,700 after recovering from a sudden crash to almost $ 2,000 the day before. The rapid recovery is reminiscent of the August base around the same levels, after which the token’s price rose to $ 4,000 in the following months.
However, Ether never really picked up a strong bid and has since fallen over 25% to $ 2,000. Note that the Donald Trump-linked Defi Platform World Liberty Financial is reportedly tripling its ether holdings to over $ 10 million last week, signaling confidence in Cryptocurrency’s long-term prospects.
The same can be said of Eric Trump’s view of BTC on February 6 when he posted on X, “Feels like a good time to get into #BTC while noticing the World Liberty Financial.”
Back then, BTC traded near $ 96,000 and has since climbed down to $ 82,000, a 14.5% slide, according to Data Source Coindesk. The fall has been widely linked to macroeconomic concerns, especially the president’s tariffs for imports from China, Mexico and Canada.
However, the president has been friendlier with crypto and recently announced the creation of a strategic BTC reserve that retains coins seized in enforcement measures.
My advice: Hodl, Eric Trump said
On March 3, Eric Trump changed gear to suggest profits by pursuing a long -term team strategy.
“Now my advice: team (ie long term),” Eric Trump said at X, recognizing a post by Gordon cheering on the market.
