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Topic: Biden and Cryoto - page 3. (Read 1149 times)

hero member
Activity: 2562
Merit: 659
Dimon6969
November 13, 2020, 05:28:58 PM
#93
Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.
Good thing about Internet is we will be able to base our ideas and do research on our own, unlike in the years passed wherein people depends on the government whether tmsuch investment will be good or not, Now, people have their own capabilites to study and understand them by themselves without the limiting power of whoever president is assigned as long as they will not ban it on their country it is fine.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
November 13, 2020, 05:26:51 PM
#92
Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

I also don't think they will have significant impact on the current state of crypto. Because they will not directly support the usage of crypto or bitcoin for some reasons like not to disrupt the current financial system. So for me, with or without him, our crypto activity will go on and continue to thrive. BTC already reached this far without their support, so don't think we will need them to move forward.
hero member
Activity: 2030
Merit: 789
Top Crypto Casino
November 13, 2020, 05:21:51 PM
#91
Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.
legendary
Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
November 13, 2020, 05:10:43 PM
#90
At this time 2020, Coinmarketcap revealed that the top countries with the largest increase in the number of cryptocurrency users including India, Pakistan, Colombia, Canada and Nigeria were included in the category of one of the user segments that increased the most in the first quarter

The devil is in paying precious attention to detail

Or, as Mark Twain put it (actually, it was Benjamin Disraeli), there are three types of lies, among which statistics are the most insidious form. More specifically, it is not just the number of users that counts, but also how much of the total coin supply they have accumulated in their wallets. In other words, if 1 million Nigerians hold 1 satoshi each, that doesn't make Nigeria a top dog in the cryptocurrency pit. I think the same is equally applicable to India, Pakistan and Colombia
I disagree. I think 1 million Nigerians holding 1 satoshi each worths a lot more than 1 Canadian holding 100 bitcoin, not because of price reasons because price could change with one Canadian over 1 million Nigerian, but more about PR and adoption reasons

Okay, 1 Canadian is worth less than 1 million Nigerians despite being wealthier. But what about 1000 Canadians vs 1 million Nigerians if Canadians are collectively worth x100 more than Nigerians in simple monetary terms?

When there is 1+ million new people going into crypto that means there is a whole nation that is more crypto friendly, when they are more crypto friendly that means they will benefit the most from increases, when they benefit more that would make other smaller nations jealous and they will get involved as well, when they get involved together that means they will spread like wildfire and everyone will get involved. Just one guy from Canada can't do that, he can afford to increase the price short term but a million people will have a bigger impact in long term

I would agree with you if it were about real use in real life. Then it would be a markedly different development. But since it all boils down to speculation so far, a million people won't and can't have a bigger impact on the market than just one man if he is worth more. In this case, it is simple math and nothing else
hero member
Activity: 1036
Merit: 514
November 13, 2020, 05:00:29 PM
#89
Why should Biden have any influence on the cryptocurrency? This old man is almost 80 years old... I don't think he can think of anything about it! The main thing is that his advisors do not start telling him about terrorists and drug dealers using bitcoins and other horrors! Cheesy
Bitcoin will survive Biden and more than a dozen generations of US presidents, and nothing will happen to it! Wink
Totally agree. There is no connection between Bitcoin and this old man. Furthermore, i have never seen any Us president doing somthing with bitcoin.

I believe that bitcoin keeps developing no mstter who us the leader of thr US. Ĺ

Unless they emanate regulations that are detrimental to bitcoin and exchanges, it would affect the market significantly, but yeah they have never done this.
No point to bother exchanges as they bring an open book for everyone involved in cryptocurrency and paying good taxes as well.
Any crime involving bitcoin will result in the authorities confiscating it for auction later, good funds for the country.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
November 13, 2020, 04:25:35 PM
#88
Why should Biden have any influence on the cryptocurrency? This old man is almost 80 years old... I don't think he can think of anything about it! The main thing is that his advisors do not start telling him about terrorists and drug dealers using bitcoins and other horrors! Cheesy
Bitcoin will survive Biden and more than a dozen generations of US presidents, and nothing will happen to it! Wink
Totally agree. There is no connection between Bitcoin and this old man. Furthermore, i have never seen any Us president doing somthing with bitcoin.

I believe that bitcoin keeps developing no mstter who us the leader of thr US. Ĺ
hero member
Activity: 2408
Merit: 674
God, save BTC!
November 13, 2020, 04:20:06 PM
#87
Why should Biden have any influence on the cryptocurrency? This old man is almost 80 years old... I don't think he can think of anything about it! The main thing is that his advisors do not start telling him about terrorists and drug dealers using bitcoins and other horrors! Cheesy
Bitcoin will survive Biden and more than a dozen generations of US presidents, and nothing will happen to it! Wink
legendary
Activity: 2800
Merit: 1128
Leading Crypto Sports Betting & Casino Platform
November 13, 2020, 04:15:27 PM
#86
At this time 2020, Coinmarketcap revealed that the top countries with the largest increase in the number of cryptocurrency users including India, Pakistan, Colombia, Canada and Nigeria were included in the category of one of the user segments that increased the most in the first quarter

The devil is in paying precious attention to detail

Or, as Mark Twain put it (actually, it was Benjamin Disraeli), there are three types of lies, among which statistics are the most insidious form. More specifically, it is not just the number of users that counts, but also how much of the total coin supply they have accumulated in their wallets. In other words, if 1 million Nigerians hold 1 satoshi each, that doesn't make Nigeria a top dog in the cryptocurrency pit. I think the same is equally applicable to India, Pakistan and Colombia
I disagree. I think 1 million Nigerians holding 1 satoshi each worths a lot more than 1 Canadian holding 100 bitcoin, not because of price reasons because price could change with one Canadian over 1 million Nigerian, but more about PR and adoption reasons.

When there is 1+ million new people going into crypto that means there is a whole nation that is more crypto friendly, when they are more crypto friendly that means they will benefit the most from increases, when they benefit more that would make other smaller nations jealous and they will get involved as well, when they get involved together that means they will spread like wildfire and everyone will get involved. Just one guy from Canada can't do that, he can afford to increase the price short term but a million people will have a bigger impact in long term.
member
Activity: 516
Merit: 38
November 13, 2020, 03:57:49 PM
#85
From my perspective, whoever will be the president in the US between Trump and Biden, the crypto market will stay the same because both of them didn't make any stance during their presidential campaign. But I think bitcoin's will continue its momentum on raising its price because whales continuously influence bitcoin's price during the US election day.
Yeah I do think the same that they wouldn’t do anything bad about bitcoin, no matter who it is that wins the election bitcoin will continue to flourish. By now they will have understood how good bitcoin is, there are already so many companies in the US that are buying bitcoin and adding it to the assets they have, that’s a sign that they are starting to value Bitcoin and truly understand what it is all about.

So, no government will come on and just ban it, by doing that they are going to be frustrating a lot of companies and exchanges there.
jr. member
Activity: 93
Merit: 1
November 13, 2020, 05:56:05 AM
#84
"Is Biden good for crypto?" becomes a hot topic last days. The president isn't interested in crypto and its future developing. He is neither crypto supporter, nor a person against it.
Check out this article
https://www.financemagnates.com/cryptocurrency/news/will-the-biden-administration-be-good-or-bad-for-crypto/
hero member
Activity: 798
Merit: 506
November 13, 2020, 03:43:42 AM
#83
From my perspective, whoever will be the president in the US between Trump and Biden, the crypto market will stay the same because both of them didn't make any stance during their presidential campaign. But I think bitcoin's will continue its momentum on raising its price because whales continuously influence bitcoin's price during the US election day.

But after Biden elected as the next president, the market movement in a somewhat positive way to this point, although they won't affect the crypto market significantly.
Bitcoin users, traders, and investors in the US are one of the biggest compared to other countries, so as long as the authorities do nothing about the current market situation, crypto will grow like the way it is now, and bitcoin still has a big chance to be better electronic cash in terms of utility and value.
hero member
Activity: 2856
Merit: 578
Leading Crypto Sports Betting & Casino Platform
November 13, 2020, 01:26:38 AM
#82
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

It will the same as long as Biden is not taking anything against Bitcoin we are ok even if we don't have support coming from the Biden administration, but it will always an advantage if we have leaders supporting the cause of Cryptocurrency, because leaders always have a say on the policy of the country, I'd like to see in the future Biden openly supporting Bitcoin, it will make a big pump it this happen.
member
Activity: 1120
Merit: 68
November 13, 2020, 01:02:29 AM
#81
From my perspective, whoever will be the president in the US between Trump and Biden, the crypto market will stay the same because both of them didn't make any stance during their presidential campaign. But I think bitcoin's will continue its momentum on raising its price because whales continuously influence bitcoin's price during the US election day.
legendary
Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
November 12, 2020, 02:41:00 PM
#80
At this time 2020, Coinmarketcap revealed that the top countries with the largest increase in the number of cryptocurrency users including India, Pakistan, Colombia, Canada and Nigeria were included in the category of one of the user segments that increased the most in the first quarter

The devil is in paying precious attention to detail

Or, as Mark Twain put it (actually, it was Benjamin Disraeli), there are three types of lies, among which statistics are the most insidious form. More specifically, it is not just the number of users that counts, but also how much of the total coin supply they have accumulated in their wallets. In other words, if 1 million Nigerians hold 1 satoshi each, that doesn't make Nigeria a top dog in the cryptocurrency pit. I think the same is equally applicable to India, Pakistan and Colombia
sr. member
Activity: 1848
Merit: 341
Duelbits.com
November 12, 2020, 02:34:04 PM
#79
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?
Whoever is the US president, crypto will keep establishing itself and its price is inevitable to increase. One of the biggest reason and factor is the halving and also the mass adoption that we're seeing lately in the news. Those two are sufficient to see the increase in demand and by the end of it will result to a greater price. There could be some changes if Biden gets an eye on crypto and whichever he decides to do, negative or positive, there will be a temporary effect.
In 2019 the United States was named the largest bitcoin user country with a range of 38%, followed by China 28%, Britain 16%, South Korea and Japan with a range of 10%. this indicates that Trump's position at that time had a big impact on bitcoin.
At this time 2020, Coinmarketcap revealed that the top countries with the largest increase in the number of cryptocurrency users including India, Pakistan, Colombia, Canada and Nigeria were included in the category of one of the user segments that increased the most in the first quarter.
So I don't think America's position in 2020 or the coming year is the main reason for bitcoin. there will be many other countries that have the potential to replace America.
hero member
Activity: 2100
Merit: 618
November 12, 2020, 01:59:36 PM
#78
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?
The way we saw the price climbing up shows people are more positive about Biden and Bitcoin than Trump and Bitcoin. I think technologically both right and left have been wanting to bring in revolution so it hardly matters whether it's Trump or Biden both are going to be pro-technology. But obviously Democrats being more liberal chances are that Bitcoin would be better under Biden. I am amused few people thinking that nothing in this world can stop Bitcoin from prospoering unfortunately this isn't the case every political move effects the adaptability of such a technology. I know a few states in my country which didn't get computers and machines until late 2000s merely because they would hamper jobs and government was ultra socialist. Bitcoin needs to get legal sanctions from all around the world otherwise it would just become a dark net currency.
hero member
Activity: 2576
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Leading Crypto Sports Betting & Casino Platform
November 12, 2020, 12:49:51 PM
#77
Just be positive for once, it’s not going to fail. There are more important issues he should be talking about when he’s in the office, Bitcoin is not a threat.

Although some people are fond of bringing up things like Bitcoin is being used to find terrorism and that’s it’s for money laundering and all that that, but that’s not enough reason to stop Bitcoin, rather we should be looking for means to solve those problems and make bitcoin safer for everyone and also seem less of a threat. So I know or sure that he will have one of those targets to regulate the cryptocurrency environment, but let’s always how for the good and not the bad.
legendary
Activity: 2842
Merit: 1152
November 11, 2020, 04:10:18 PM
#76
Decentralized is nature of blockchain and the tech, not the price. People assume just because you could make the technology behind crypto decentralized, the price should be decentralized as well but that is not the case. If Biden comes out and says that he will federally ban everything regarding crypto, from buying to selling to spending or even owning any, and if European countries join him and all of them bans everything about it as well, the price will go under 1k each and that is certainty for me.

However we all know that will not happen, yet that is a possibility and that means it is not decentralized when we are talking about the price of bitcoin. What is decentralized is the fact that there will be max 21 million and it is mined certain amount per day, those things can't change for example, simply the code of it can't change, how much we pay for it can totally be manipulated.
member
Activity: 616
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The Standard Protocol - Solving Inflation
November 11, 2020, 03:22:46 PM
#75
Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency.
I totally agree with you man, bitcoin is completely decentralized and doesn't depend on anyone to prosper, after all even when the trump administration made it clear that it was an anti crypto, bitcoin was still doing just fine, infact more people got to know it and the adoption has increased tremendously over the last couple of years, last month PayPal started accepting bitcoin deposits,buying and selling on their platform, so this shows that bitcoin is bigger than one man or one country, it's global now.
full member
Activity: 546
Merit: 148
November 11, 2020, 02:55:07 PM
#74
If we base crypto on the performance of a country then what is the point of it being decentralized in the first place. I do not think that a government administration would have that much influence in cryptocurrency unless it is a CBDC, the nearest thing that we can call an influence between crypto and government is coincidence.

To be honest and fair, grading cryptocurrency by performance, I will say US isn't the top country that will take first few lists. Despite some huge and influentials from San Francisco, I wouldn't give it to them. Malta and Canada has been Bitcoin friendly in my opinion.
I can recall Donald Trump tweet back in 2019 when he said he was never crypto friendly and never believed on value created on thin air with zero security level. That shade lots of blood that tank BTC price and altcoins for several days before they became stabilized.
Either Biden or Trump, let's forget about top World leaders and cryptocurrency, what we need to focus on is adoption, gradually we will get there with time.
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