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Topic: Biden and Cryoto - page 4. (Read 1201 times)

hero member
Activity: 2660
Merit: 651
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November 11, 2020, 12:35:12 PM
#73
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?
Biden administration or not, before the recognition of Bitcoin, Blockchain and others cryptocurrency by any government around the world Bitcoin prosper through the bond of the community and it potentials but we just need the recognition of the governments to make crypto mainstream so you don't need to bother yourself about the stance of Biden when it comes to cryptocurrency
legendary
Activity: 3514
Merit: 1280
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November 11, 2020, 11:45:23 AM
#72
To be specific, there is no difference between Biden or Trump because Bitcoin is decentralized and not directly related to any government, including US government

Not directly related doesn't mean unrelated

Kinda truism but still. If Trump administration (let's assume he doesn't leave the House) or Biden administration seriously cracks down on crypto, we will quickly realize how much, or how little, for that matter, Bitcoin is "decentralized" in terms of its price depending on the lack of hostile actions against it by the powers that be. The harsh truth is, Bitcoin is just too small (read, tiny) to give a real pain in the ass of policy makers, or puppet masters if you will. It is easier to simply ignore it than to actually fight it
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
November 11, 2020, 11:21:47 AM
#71
it doesn't matter one bit unless the president of US or any other country starts either being super positive towards bitcoin or the opposite, super negative. otherwise they are all the same.

and i am surprised that among all these talks about someone who is not even in the office yet noone mentions what Trump may do in his last days as POTUS and how he may ruin the economy as he is being booted out as the only one-term POTUS ever. and that ruin could help boost bitcoins position a lot.
full member
Activity: 194
Merit: 100
November 11, 2020, 11:05:36 AM
#70
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.
I think cryptocurrencies backed by countries (not cbdcs) are sort of dark horses, because we can't be completely sure whats going to happen if we'll see one.
legendary
Activity: 2730
Merit: 1288
November 11, 2020, 11:04:19 AM
#69
In general it dont matter who the president of USA is. Not for Bitcoin. Whoever will be will spend more then USA will produce and increase debt. So main reason why Bitcoin was created will exist under any USA president. Yes, Bitcoin likes uncertainty, so should flourish more under Trump, but on other hand could be less volatile under Biden and that is also good.  
member
Activity: 252
Merit: 11
November 11, 2020, 10:57:52 AM
#68
The crypto market is generally rising based on demand crypto has nothing to do with Biden and Trump. Crypto no one can control. if the amount of investment in the crypto market decreases the market may go down but Biden and Cryoto will not have a negative impact on the government of any country. As the demand increases the crypto market will rise the demand for Bitcoin has increased compared to the past, everything has been damaged due to the epidemic but the price of Bitcoin has increased the development of Bitcoin will not stop but the number of investors may decrease.
hero member
Activity: 1778
Merit: 722
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November 11, 2020, 10:20:03 AM
#67
To be specific, there is no difference between Biden or Trump because Bitcoin is decentralized and not directly related to any government, including US government. Also the US financial regulations are same in any situation unless someone changes it. So there won't be much difference. However, in the Biden unofficial cabinet list there are some crypto and bitcoin friendly people and this can be positive news for bitcoin. But, I don't expect much about Biden himself, because he is a 77y old political man with defensive thoughts.
hero member
Activity: 1806
Merit: 672
November 11, 2020, 09:47:03 AM
#66
This had happened to Donald Trump when he won the election last time Bitcoin jump high but the rest of the years follow you will see that it had slump and even got down below to 10,000$ by the end of the year. The same thing will happen with Biden, the US presidency has nothing to do with the general market movement of Bitcoin no matter what the connections they are trying to say it is just a small portion on what creates the movement for Bitcoin there are still factors that directly affect Bitcoin especially on its demand.
newbie
Activity: 32
Merit: 0
November 11, 2020, 09:42:18 AM
#65
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.
What are your views?
As far as I know there are more pro-crypto democrats than republicans. So as we assume that there will be more democrats in US in nearest years - there will be more space for crypto to develop
legendary
Activity: 1274
Merit: 1000
November 11, 2020, 09:31:11 AM
#64
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?
We will know if Biden already seat on the Whitehouse since right now, we can just speculate and those words of either Biden or Trump right now is just for the sake of election, their real work will begun soon and we’ll see if Biden can really support cryptocurrency. We know Trump, support bitcoin before and after that Trump says they didn’t recognize Bitcoin at all, and in the past months Trump says Bitcoin is a big thing, so in short everything is possible to happen.
yes, I saw it too. Trump said that he does not support bitcoin because it has no real asset basis and according to him the price is determined based on "thin air", but if he has changed, of course that's a different story. Same as JP Morgan in 2018 who said that bitcoin was a fraud.
hero member
Activity: 2926
Merit: 567
November 11, 2020, 09:11:36 AM
#63
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's hard to give a correct answer when Biden is not announcing anything if he is in favor or not, but during the times of Trump we have no problem on adoption and it's never an issue, but it will be easy if Biden openly supported Cryptocurrency, we all know the United States is a powerful country and almost everything starts here.
Every one has their own speculation on what's going to happen after Biden assume office, they say it will go down some sectors says it will go up.
sr. member
Activity: 2422
Merit: 357
November 11, 2020, 09:01:28 AM
#62
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?
We will know if Biden already seat on the Whitehouse since right now, we can just speculate and those words of either Biden or Trump right now is just for the sake of election, their real work will begun soon and we’ll see if Biden can really support cryptocurrency. We know Trump, support bitcoin before and after that Trump says they didn’t recognize Bitcoin at all, and in the past months Trump says Bitcoin is a big thing, so in short everything is possible to happen.
sr. member
Activity: 1120
Merit: 272
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November 11, 2020, 08:07:50 AM
#61
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.

It is really hard to predict what will happen next in crypto world in US when Biden won this election.

I'm only hoping for a positive happenings in bitcoin community and I'm not judging Biden's administration but I hope that he also cares about the cryptocurrencies.

But as bitcoin is really popular nowadays, and it become more popular during lockdown and quarantine, I think bitcoin will still prevail and have an increase in its price no matter what. As we know that bitcoin is volatile, we just need to observe the market and make a lot of predictions that we can rely on.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
November 11, 2020, 07:30:05 AM
#60
It went up once

But it massively crashed twice during his presidency as well (to nearly 3k and 4k). So the net effect of his rule on Bitcoin prices remains to be evaluated and, most importantly, we should find out whether there is such an effect in the first place at all before we go any further

But what matters is the outcome, right?
That's the fun when you try to overlap things that have little to nothing in common.

Jumping from Trump to Obama the things get really really funny:
He started his presidency two weeks after the genesis block and ended his first term within at 20$.
Then in the second, he saw it go up to 1000 in the first year then drop the go close to the ATH.

So, his second term was way worse, but still a bit better than Trump, but following the trend, Biden would only bring an increase of a maximum of 5x during his term.

Why are we having these questions?
I don't think that the US has that much Bitcoin that could affect the current market that we have so even if Trump or Biden won, it will never be that positive or negative to affect the market.

Because the largest bitcoin company in terms of bitcoins in custody is in the US, because the largest funds that hold cryptos are from the US because most ATMs are in the US because most nodes are also there and in short that's where the money is.
And if the US changes its policy with a negative stance no good news from the other side will be able to cancel the negative effects.



DrG
legendary
Activity: 2086
Merit: 1035
November 11, 2020, 06:27:40 AM
#59
Obama largely ignored crypto or didn't know what it was. Trump has been relatively quiet regarding crypto, leaving IRS to basically treat it as property now instead of a equity. Biden probably doesn't know what it is either.

More important is what certain senators think such as that weasel Joe Manchin. He calls Bitcoin the gateway to terrorism and illicit drug use. Meanwhile he sat on the FDA committee which oversaw his daughter's company Mylan making the epi pen and the FDA did not allow generic competitors. You don't want this Joe whispering in the other Joe's ear...
full member
Activity: 1750
Merit: 118
November 11, 2020, 06:14:43 AM
#58
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

cryoto? = crypto? lol . you gotta edit your title . how do you normally speculate stuffs in crypto , theres no difference to that the way you speculate crypto and biden but at the moment its not really that possible because biden is just recently elected as a president and no work that has been done yet within this short period of time .

 calm down because the new pres is also calming down for a while , you know the election is verry hectic but i forseen that crypto can benefit better with his possesion than the previous
jr. member
Activity: 74
Merit: 2
November 11, 2020, 04:41:06 AM
#57
As far as I know BTC history has not been influenced by who is president. After covid took place, many economic industries were undergoing clear transformation. While some areas were hit very hard, BTC quietly increased. The decline in gold prices almost made me believe in a new high of BTC !
hero member
Activity: 1722
Merit: 528
November 11, 2020, 04:21:01 AM
#56
Why are we having these questions?

I don't think that the US has that much Bitcoin that could affect the current market that we have so even if Trump or Biden won, it will never be that positive or negative to affect the market. It would stay the same, the price is having great movements maybe because of the fact that there are some companies holding Bitcoin right now.
hero member
Activity: 2548
Merit: 572
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November 11, 2020, 04:03:49 AM
#55
There are no massive effects of the US president in the crypto world. Because it is an independent and decentralize currency. It does not depend on any country, Satoshi establishes this platform for all the user's world base. But there can be some difficulty if Biden expects crypto-only in his county. Widely he can't stop crypto and change it's the direction of improvement.
I think this is still not because currently the US president is still relatively new so it takes time to adapt and of course I am very sure that one day Biden will start trying to make transactions more into digital currency and support the use of cryptocurrency in his country and can have a good impact against the price movement.
member
Activity: 728
Merit: 63
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November 11, 2020, 03:57:28 AM
#54
There are no massive effects of the US president in the crypto world. Because it is an independent and decentralize currency. It does not depend on any country, Satoshi establishes this platform for all the user's world base. But there can be some difficulty if Biden expects crypto-only in his county. Widely he can't stop crypto and change it's the direction of improvement.
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