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Topic: Biden and Cryoto - page 6. (Read 1201 times)

hero member
Activity: 2730
Merit: 632
November 10, 2020, 02:43:23 PM
#33
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

Just to have some questions in mind on why people are really fan on tagging along those external events with Bitcoin? Yes, these might be powerful leaders and can really
be shaken of the market but this will only be applied into those traditional markets like forex and stocks but for cryptocurrency? Its a no.. This is why its somewhat
wrong for you to think of this way where you do make up some fundamentals into your own analysis which you cant even know if its really affecting or influencing or not.
So its better to stick out with other ways which seems to be more relevant than on this one.
jr. member
Activity: 98
Merit: 1
November 10, 2020, 02:22:21 PM
#32
Looking at the events of the last few days, we can say that until Biden's ownership the financial market as a whole will follow a trend of volatility, not to mention the advancement of covid-19 in Europe and the USA.
However, in the Biden administration a senator, sympathetic to Bitcoin, which even has open positions, can boost Bitcoin's popularity as well as adoption in the U.S. There will probably be at least greater attention and reflection on the topic.
But, I think that Bitcoin will have an acceleration in its price with the increasing expansion of the Chinese market, because even in the face of the global crisis China had a projected growth of 5.8%.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
November 10, 2020, 02:20:27 PM
#31
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.
full member
Activity: 1498
Merit: 129
November 10, 2020, 01:58:36 PM
#30
I think trump doesn't like crypto. He has made statement indicating his displeasure for the coin so I don't think we are going to see any worse than that in the newest regime. However, Biden seems to always want to listen and shares different people view on anything before deciding so I literally think it is not likely he will hate crypto like trump a lot of businesses in the united states including coinbase are doing great. I wouldn't think anything will stop the evolvement of the crypto in US
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
November 10, 2020, 01:40:36 PM
#29
If governments ever endorsed it, I'd be kinda suspicious about their endorsement. Bitcoin is not something they want, so endorsing your enemy is against my logical way of thinking

Well, that largely depends on your point of view

In this case, on the point of view of a particular government, of course. It is certainly true with respect to nations issuing their own fiat money, for example, dollars, rubles, whatever. But there is a small number of nations as well that don't enjoy a fiat currency of their own invention (say, Panama or Ecuador). Instead, they are using a currency of some other country (in the total majority of cases, the American dollar), and in this very specific case, such countries may actually take a genuinely friendly stance toward crypto. The same approach seems to be applicable, at least to a degree, to some countries in the Eurozone, which are not altogether hostile to Bitcoin and its little cousins

Why people might choose to abandon it is a different question, but it is entirely possible
There are reasons such as something better than it popping up. If nobody thought of the idea of Bitcoin before (or thought about it but never put it into reality), we may not have any idea what other decentralized currency could be coming up soon. Maybe something that will be more fair than Bitcoin, more decentralized, more flexible and scalable, under a different structure than blockchain and much easier to use

I'm always telling the same thing essentially, that we can't envisage what future technologies will be like as otherwise they wouldn't be future technologies anymore
member
Activity: 352
Merit: 10
November 10, 2020, 01:16:31 PM
#28
If it's about bitcoin adoption in the US then only Biden knows if he will adopt bitcoin in their country. If biden know about bitcoin but doesn't adopt bitcoin then it's another story.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
November 10, 2020, 01:08:03 PM
#27
But was Trump a real deal?
I never said he was a real deal. If anything, I said

I was just asking

And I would say, Biden may turn more pro-Bitcoin if he wisely chooses not to touch this topic and announce his stance at all (unlike Trump)
If I were you, I wouldn't count on those old men to do anything meaningful for Bitcoin or the crypto industry. This is a terrain these old men know next to nothing about. Bitcoin is a tech for the upward moving generation, not some traditionally business minded individuals

I don't count on them

Trump seems to be a lame duck already (even if he personally thinks otherwise), so we can safely write him off ("terminate", in his own terms). Regarding Biden, that's the whole point that he should understand he knows nothing about crypto and accordingly does as much. Bitcoin would do just fine without either if only they weren't or wouldn't be putting grit in the machine (what Trump had been doing all his presidency)
hero member
Activity: 2086
Merit: 994
Cats on Mars
November 10, 2020, 12:44:27 PM
#26
Biden victory 'will trigger stampede into bitcoin'. Analyst Max Keiser believes next US president's economic policies and stance on China
At least post the source. Here: https://asiatimes.com/2020/11/biden-victory-will-trigger-stampede-into-bitcoin/

Btw, Max also said this in an interview with the Cointelegraph last month:

Max Keiser: A Biden win means a win for corruption and the Deep State so I would expect Bitcoin’s price to bolt higher as people panic-buy unconfiscatable Bitcoin before Biden’s socialist, jackbooted thugs start confiscating everything in a replay of 1938 Kristallnacht.

LOL i like Max, whenever i read one of his interviews, he's always bullish on Bitcoin...but dammit, this is just too much, even for his standards  Lips sealed
member
Activity: 182
Merit: 11
November 10, 2020, 12:11:28 PM
#25
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.

Exactly. I also believe that Americas newly elected President Joe Biden had nothing to do with bitcoins movement and popularity. Bitcoin doesnt depend on the hand of Biden to grow or fall in the market because it is created decentralized and liberated. There might be changes in the US crypto rules in the future but I guess its impossible because he might pay attention first to what is currently happening in the world and the biggest problem that America is dealing with. somehow, we should expect more and more investors and wider adoptions of bitcoins all throughout. The benefits and great profits it gives us will continue to shower through all humankind across the globe.
sr. member
Activity: 2268
Merit: 275
November 10, 2020, 11:37:12 AM
#24
I think bitcoin is not entirely controlled by a particular country, bitcoin stands on the global system. As for technical support, there is a slight worrying impact. In terms of alignments, Biden has not yet fully stated his 100% support for bitcoin. but still from my point of view ,, Biden is a person who is quite open and will support. because in the next 100 days Biden will prove his performance that supports everything that is the right and freedom of the world market under his control, while providing fresh room for US profits.
copper member
Activity: 134
Merit: 1
love to live honestly & try to be self-dependent
November 10, 2020, 10:48:51 AM
#23
Biden victory 'will trigger stampede into bitcoin'. Analyst Max Keiser believes next US president's economic policies and stance on China

Joe Biden's picks to head up key regulatory agencies could redefine crypto policy in the coming years. Exactly how remains an open question.
sr. member
Activity: 2366
Merit: 332
November 10, 2020, 10:41:40 AM
#22

The rate of bitcoin growth will be 1000% if 🇺🇸 government endorsed it.... 🤔

No need waiting for it because it may not come or won't be in this generation, we can't be waiting and not to invest the little we can now instead we to wait till it because higher from endorsement from government. Many still making money in this generation from bitcoin. The level of increase of the price in the recent move can tell you the bull time is for profit taking.
hero member
Activity: 1414
Merit: 574
November 10, 2020, 10:36:47 AM
#21
and some people are now openly saying they have btc stash like druckenmiller, a billionaire hedge fund investor. certainly, he's not the only one out there, i bet there are more of them still silent with their crypto stash

https://www.coindesk.com/druckenmiller-invests-bitcoin

Yes I believe so too, they just don't open up to Bitcoin.  Until now, Biden's attitude also does not support crypto explicitly, but that's not a problem because bitcoin is legal in that country.  Currently, even many companies are hedging with Bitcoin, because currently fiat money is not a promising thing.  So Biden or not, Bitcoin has its own place to grow, it is not a seasonal asset, it has been proven for years.

full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
November 10, 2020, 10:32:35 AM
#20
Biden stopped calling on the Fed to print money, and that caused the entire market to fall in the short term. That could affect the growth of the entire crypto market. The Crypto market is too small compared to the rest of the world so we shouldn't worry too much. Compared to the potential of blockchain technology and their applications, I find we should be optimistic about the crypto market no matter who becomes the next president in the 2016-2020 term.
legendary
Activity: 2492
Merit: 1232
November 10, 2020, 10:19:54 AM
#19
The decentralized nature of cryptocurrencies wouldn't get affected by any president in any country in terms of legalization for IMO.  When we say legal it automatically subjects the thing into government's law and that will make it tied up to any government institution as cryptocurrency will become under the central bank, and because of this we just need to wait and see who among these current presidents around the globe will make Bitcoin as legal and know the jurisdiction they will be implementing on it.

Regardless of whose ever will be taking the presidential post, the only thing they can do is to implement some rules and not legalizing it because the ideology of Bitcoin is a decentralized currency and couldn't be subject to the jurisdiction of any central bank.
legendary
Activity: 1134
Merit: 1598
November 10, 2020, 09:42:58 AM
#18
If governments ever endorsed it, I'd be kinda suspicious about their endorsement. Bitcoin is not something they want, so endorsing your enemy is against my logical way of thinking. I feel like we take these elections too much into account when speculating Bitcoin's price. Biden's support is obviously necessary if we want Bitcoin to grow under his governance, but it's not required. Bitcoin goes on its own path.

Why people might choose to abandon it is a different question, but it is entirely possible
There are reasons such as something better than it popping up. If nobody thought of the idea of Bitcoin before (or thought about it but never put it into reality), we may not have any idea what other decentralized currency could be coming up soon. Maybe something that will be more fair than Bitcoin, more decentralized, more flexible and scalable, under a different structure than blockchain and much easier to use.
legendary
Activity: 3752
Merit: 1415
November 10, 2020, 09:41:47 AM
#17
But was Trump a real deal?
I never said he was a real deal. If anything, I said 👇

It's the same way its progress has been delayed so far because Trump bashed it.

And I would say, Biden may turn more pro-Bitcoin if he wisely chooses not to touch this topic and announce his stance at all (unlike Trump)
If I were you, I wouldn't count on those old men to do anything meaningful for Bitcoin or the crypto industry. This is a terrain these old men know next to nothing about. Bitcoin is a tech for the upward moving generation, not some traditionally business minded individuals.

Unfortunately most of the time it will be these older individuals creating and enforcing the way we treat crypto as a nation.  If that's the case then full fledged integration might take a generation, so when people who grew up with crypto are making the rules it is something that won't scare them.  A lot of things takes a generation or 2 to get mainstream...like computers. 
member
Activity: 532
Merit: 36
There is gold in volatility..
November 10, 2020, 09:22:50 AM
#16
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

While Bitcoin is a decentralized currency, it is still used by people

Therefore, its prosperity totally depends on the people who are involved with it (read, it is both Biden and Trump in the given context). You simply can't get around this simple fact of life. As it stands, Bitcoin's success is not written in stone at all, and if people lose interest in it (for whatever reason), its days are numbered as is the case with pretty much anything out there. Why people might choose to abandon it is a different question, but it is entirely possible

This is one of the most interesting and critical opinions on this thread.

You see, whatever that involves people is affected by politics and policies.

People tends to believe what the government supports, and the opposite is the case for what the government doesn't believe.

The rate of bitcoin growth will be 1000% if 🇺🇸 government endorsed it.... 🤔
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
November 10, 2020, 09:18:48 AM
#15
But was Trump a real deal?
I never said he was a real deal. If anything, I said 👇

It's the same way its progress has been delayed so far because Trump bashed it.

And I would say, Biden may turn more pro-Bitcoin if he wisely chooses not to touch this topic and announce his stance at all (unlike Trump)
If I were you, I wouldn't count on those old men to do anything meaningful for Bitcoin or the crypto industry. This is a terrain these old men know next to nothing about. Bitcoin is a tech for the upward moving generation, not some traditionally business minded individuals.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
November 10, 2020, 09:02:08 AM
#14
However, I don't think Biden will want to promote Bitcoin. He would rather play safe except he is beaten into it by the crowd because he seems someone who will want to dance to the tune of the crowd. Biden looks more like a puppet to me than a real deal

But was Trump a real deal?

And even if he was, how much did it help crypto? Next to none, I guess. In fact, people like Trump are more easily manipulated by their circle ("court") than people like Biden who only looks like he is a puppet. Remember the age-old adage that the greatest trick the Devil ever pulled was convincing the world he didn't exist? It's applicable here (also the one about the barking dog). And I would say, Biden may turn more pro-Bitcoin if he wisely chooses not to touch this topic and announce his stance at all (unlike Trump)
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