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Topic: Biden out Bull run in??? (Read 519 times)

sr. member
Activity: 294
Merit: 433
HODL - BTC
July 31, 2024, 11:47:08 AM
#46
Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

Well, this is what I mean. The increase factor can occur due to several causes. Not only because the candidates who are fighting won the election by raising positive issues regarding Bitcoin. It's funny to me if because of them prices will increase even though there is an effect that makes prices increase because of them.
If there is a lot of demand, perhaps if we refer to the law of supply and demand, without political factors the price will still increase.
But still, we can’t deny that after Biden abandoned the presidential candidacy, bitcoin has started to surge high. So we can really tell that US election really makes an impact to bitcoin, although we can’t tell that everything that happens to bitcoin are attributed from this US politics.

Majority of the price events of bitcoin are still coming from its supply and demand. The good thing is, the demand for bitcoin has increased a lot more when Trump started to favor bitcoin and tells positive about it. Hopefully this is already a good start for the upcoming bull run.
At least US politics has something to do with bitcoin, both camps accept bitcoin and some reject it, so I think there is little influence on US politics.

Trump thinks bitcoin is positive - Kamala bitcoin is criminal money.

And what I know is that the US is the largest holder for bitcoin so it is a little clear that it has an influence, about the increase because bitcoin already has a 4-year cycle so we believe in it, but other factors can also determine the price increase.

If Trump wins there will be many positive things, but keep in mind that political promises can betray supporters if they have won.
hero member
Activity: 2842
Merit: 772
July 31, 2024, 09:00:55 AM
#45
Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

Well, this is what I mean. The increase factor can occur due to several causes. Not only because the candidates who are fighting won the election by raising positive issues regarding Bitcoin. It's funny to me if because of them prices will increase even though there is an effect that makes prices increase because of them.
If there is a lot of demand, perhaps if we refer to the law of supply and demand, without political factors the price will still increase.
But still, we can’t deny that after Biden abandoned the presidential candidacy, bitcoin has started to surge high. So we can really tell that US election really makes an impact to bitcoin, although we can’t tell that everything that happens to bitcoin are attributed from this US politics.

It surge high because of the dumping of the German government is done, and then we have the assassination attempt on Trump and then him speaking on the Bitcoin conference. So yes, the election in the US has something to do with the surge in price. But if we look at it, after hitting $70k, it was a short live rally, as the price goes down to $66k and probably lots of short day traders have sold for instant profit.

Majority of the price events of bitcoin are still coming from its supply and demand. The good thing is, the demand for bitcoin has increased a lot more when Trump started to favor bitcoin and tells positive about it. Hopefully this is already a good start for the upcoming bull run.

We still have the fundamentals, like supply and demand that might push the price later. But we can't deny the fact that the Presidential election will really have a big impact on us, specially if Trump is going to win this November. If that happens, $80k, easy and it could start a massive bull run.
full member
Activity: 2142
Merit: 183
July 30, 2024, 09:10:54 AM
#44
Guys what your take on this??

It is possible that for some investors they see this as positive news, because with Biden's resignation it makes Trump come forward as the strongest candidate, which we know that he came with good promises in the world of Bitcoin, and that made his way to becoming president became smoother and made investors more confident that he could become president and realize his promises. However, I'm not so sure that it can bring a bullrun, because to achieve a bullrun it can't only be achieved with Trump as president, but it must also be supported by other positive news, but it does provide positive things to the market.

Since Kamala Harris began running for the presidency of the United States instead of Biden, Trump's ratings have begun to fall sharply and his chances of becoming president again are becoming less and less every day. A new poll conducted July 22-24 and released Sunday showed Harris' approval rating ahead of Trump in Wisconsin by 2 percent, Pennsylvania by 3 percent, Minnesota by 8 percent, and in Michigan, Harris led Trump in favorability by a whopping 57 percent. against 47 percent, that is, by as much as 10 percent.
In just one week, Harris' overall favorability rose from 35 percent to 43 percent, while her distrust rating dropped from 46 percent to 42 percent.
https://www.dialog.ua/world/299072_1722330756.

In addition, Trump is not the only presidential candidate who has a positive attitude towards cryptocurrency. Sources of the Financial Times reported that members of the team of US Vice President Harris contacted major representatives of the crypto industry and indicated their intention to establish a positive dialogue with participants in the digital financial assets market and have already held negotiations on interaction with the largest American cryptocurrency exchange Coinbase, stablecoin issuing company Circle and blockchain payment operator Ripple Labs.
https://forum.bits.media/index.php?/topic/237167-financial-times-

In any case, this is very good for the cryptocurrency market, as long as the presidential candidates do not forget about it when they take office.
legendary
Activity: 2086
Merit: 1058
July 29, 2024, 02:49:56 PM
#43
Regardless of all the issues about Trump and Biden, bitcoin will still be moving upward and reach its new all time high soon, but I guess having seen Biden leaving the presidential candidacy also create a small impact to bitcoin but it’s never enough to guarantee bitcoin bull run in the next few months.

Let’s just settle on the fact that no matter how different issues thrown at bitcoin, bitcoin instead will continue to rise and give us a satisfying price every now and then. We just have to trust bitcoin and its market, as everything good do not happen in an instant but it certainly takes time.
That's the point of it, a lot of people think that we are going to end up with a lot of issues, and because of that we are talking about something that takes a while as well, we can't really consider the situation to be just about us, we need to make sure that it is all good for everyone. This is why we need to ignore the politics, unfortunately until November (and probably at least another month after that) the Americans will keep on talking about it like that is the only thing that matters to the world, without realizing that we do not care.

Let them do that, but know that it doesn't impact the price at all, just because price is moving, doesn't mean it's USA politics related, we moved before this election and will move after this election too, America talks about politics every single day, of course the movement will end up being on the day of something, if it is not Biden out then it's Trump hit if not that then kamala candidate if not that something else.

We are going to always see something political from that nation, every single day, and they will consider it is their own doing. As long as we are aware that it is only their own imagination and bitcoin moves without any connection to them, we will be fine.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
July 28, 2024, 06:45:36 PM
#42
Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.


This may be one of the factors along with many others due to we will see another bull market. But it is not like that if Biden had not abandoned the presidential race or even if trump did not win the upcoming elections, we will have no bull run. Regardless of these political developments, we are due to see the Bitcoin bull market and the major reason is the halving and the four year Bitcoin cycle.

Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.
Regardless of all the issues about Trump and Biden, bitcoin will still be moving upward and reach its new all time high soon, but I guess having seen Biden leaving the presidential candidacy also create a small impact to bitcoin but it’s never enough to guarantee bitcoin bull run in the next few months.

Let’s just settle on the fact that no matter how different issues thrown at bitcoin, bitcoin instead will continue to rise and give us a satisfying price every now and then. We just have to trust bitcoin and its market, as everything good do not happen in an instant but it certainly takes time.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
July 27, 2024, 04:47:06 PM
#41
Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

Well, this is what I mean. The increase factor can occur due to several causes. Not only because the candidates who are fighting won the election by raising positive issues regarding Bitcoin. It's funny to me if because of them prices will increase even though there is an effect that makes prices increase because of them.
If there is a lot of demand, perhaps if we refer to the law of supply and demand, without political factors the price will still increase.
But still, we can’t deny that after Biden abandoned the presidential candidacy, bitcoin has started to surge high. So we can really tell that US election really makes an impact to bitcoin, although we can’t tell that everything that happens to bitcoin are attributed from this US politics.

Majority of the price events of bitcoin are still coming from its supply and demand. The good thing is, the demand for bitcoin has increased a lot more when Trump started to favor bitcoin and tells positive about it. Hopefully this is already a good start for the upcoming bull run.
STT
legendary
Activity: 4102
Merit: 1454
July 27, 2024, 03:43:34 PM
#40
I dont think that'd be enough news, politics is its own deal however today I read Trump is making a big play.  This is a reversal of his former hard money stance all for the dollar: https://us.cnn.com/2024/07/27/politics/donald-trump-bitcoin-cryptocurrency/index.html

I dont buy his reversal exactly because Dollar is what government throws out to pay its bills so ultimately that's what they look after.   Bitcoin does make sense for a country able to develop technologically and USA can do that but not quite sure he gets that especially.   He got so many court cases against him he has to be the most motivated man to assume office ever & the immunity, theres ever been.   But everyone is politics throws lines they think will hook some voters, its a compliment I guess.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
July 26, 2024, 03:58:52 AM
#39
What a funny reason to correlate with Bitcoin price, Biden out, Trump dead, Elon Musk in, Xi Jinping takeover US etc. Bitcoin price is depend on supply and demand, not from someone else including a president.
And yet for some reason demand will go through the roof if everyone's best friend and their mom believes Trump can be good for Bitcoin (price). Funny, agree, but logic doesn't usually apply uniformly in Bitcoin, I find.
If "everyone" believes that, yes that would work, but only USA republicans would believe that, which is a small amount and I do not think that they are that rich enough to change the price. Maybe a daily change, like the day he wins maybe there could be something, because it's USA elections and the day of it could be news, but that's about it, after that for 4 years when he is in charge, it won't matter.

By logic, when we had 2017 increase, Trump was president, he was from 2016 to 2020, so he had a bull run, which some people thought Trump was good for bitcoin as well, and used that as argument. But then in 2020 Biden won, and in 2021 we had another peak, which shows that it is not about who the president is, and it is about cycles bitcoin has.
These proves that such important news will have an effect to bitcoin price but only on a small scale, and it’s not that it will be the one to determine whether there’s bull run or not, or we will see a bull run earlier than how it’s expected to come. Bitcoin is decentralized, so there’s no individual or any group entity that will carry out its price, but most likely its own supply and demand.

For now, it seems that the demand for bitcoin is high which means there’s a possibility for price increase, and with this Biden out, bull run in, probably it’s more of a coincidence without reliable basis.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
July 26, 2024, 03:50:54 AM
#38
What a funny reason to correlate with Bitcoin price, Biden out, Trump dead, Elon Musk in, Xi Jinping takeover US etc. Bitcoin price is depend on supply and demand, not from someone else including a president.
And yet for some reason demand will go through the roof if everyone's best friend and their mom believes Trump can be good for Bitcoin (price). Funny, agree, but logic doesn't usually apply uniformly in Bitcoin, I find.
If "everyone" believes that, yes that would work, but only USA republicans would believe that, which is a small amount and I do not think that they are that rich enough to change the price. Maybe a daily change, like the day he wins maybe there could be something, because it's USA elections and the day of it could be news, but that's about it, after that for 4 years when he is in charge, it won't matter.

By logic, when we had 2017 increase, Trump was president, he was from 2016 to 2020, so he had a bull run, which some people thought Trump was good for bitcoin as well, and used that as argument. But then in 2020 Biden won, and in 2021 we had another peak, which shows that it is not about who the president is, and it is about cycles bitcoin has.
full member
Activity: 266
Merit: 181
July 25, 2024, 09:30:34 PM
#37
Due to age, Joe Biden withdrew from the upcoming American presidential election, that is why Donald Trump has a high chance of winning the presidential election in the next election. Many people think that if Donald Trump is appointed as the American president, the market of all other digital currencies, including Bitcoin, will be much better, and now many people are saying that if Joe Biden steps down, the crypto market will definitely improve. But we've all seen what happened this year, which is when Bitcoin hit its all-time high and it happened while Joe Biden was president. So it seems to me that the market depends not so much on who the president is, but on how reliably investors invest.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
July 25, 2024, 04:46:15 PM
#36
Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

Well, this is what I mean. The increase factor can occur due to several causes. Not only because the candidates who are fighting won the election by raising positive issues regarding Bitcoin. It's funny to me if because of them prices will increase even though there is an effect that makes prices increase because of them.
If there is a lot of demand, perhaps if we refer to the law of supply and demand, without political factors the price will still increase.
I think even without this Trump and Biden issue, the bitcoin price still aims to move upward and later on creates new bull run. Bitcoin, despite all its price dumps and market crash, will never settle to a lower value but will certainly recover until it hits its new all time high. So even without Biden abandoning the presidential election, still bitcoin will turn bullish in time, the market just need the perfect time to make it happen.
hero member
Activity: 3164
Merit: 937
July 25, 2024, 06:58:50 AM
#35
The news about Biden getting out of the elections was pretty much expected. Nobody wants a demented old man as a president.
Such news cannot trigger a massive bull run on the crypto markets. Another Democratic candidate(Harris or someone else) has bigger chances of winning against Trump. The Democrats are generally more anti-crypto than the Republicans, however this might change in the future.
There are no signs of a new bull run coming right now. The BTC price recovered from 54K to 67K in a short time frame, but today, the price is dropping down to 64K and it might go back below sixty thousand dollar in the next week. This is just price volatility, there's no FOMO phase. There aren't any super positive bullish news coming from anywhere. I don't know why so many crypto noobs got so excited about the price recovery. A price recovery is not a bull run.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
July 25, 2024, 04:22:46 AM
#34
I can see a huge fall in cryptocurrency due to Biden's resignation. Especially starting from Bitcoin and other currencies, the price has decreased a lot. But before Biden resigned, the value of each coin was rising well, and we saw the price of Bitcoin enter $68k. However, after the announcement of Biden's resignation, the market rose slightly but later dumped. However, I think the Bitcoin price will rise again, but now that Biden has resigned, the market may be dumping a bit for a while. Bitcoin price is currently at $64k, and it will be pumping very soon and the Bitcoin bull run is coming soon.

I actually don't see the point on why Bitcoin price fall when Biden step down? While the fact that person is anti bitcoin or crypto. There should be a good news will came after he decide to end up his candidacy but nothing happen.

Its just natural movement of bitcoin and people just correlate that event to the fall of bitcoin. I always see that crazy assumption when there's a fall happening then they link that event to certain influential peoples decision. While the fact the all people could able to move the market if majority will decide to sell or buy. But doesn't do anything to the price of bitcoin since we can still see that everything is fine with this coin.
hero member
Activity: 2870
Merit: 594
July 25, 2024, 03:27:47 AM
#33
I can see a huge fall in cryptocurrency due to Biden's resignation. Especially starting from Bitcoin and other currencies, the price has decreased a lot. But before Biden resigned, the value of each coin was rising well, and we saw the price of Bitcoin enter $68k. However, after the announcement of Biden's resignation, the market rose slightly but later dumped. However, I think the Bitcoin price will rise again, but now that Biden has resigned, the market may be dumping a bit for a while. Bitcoin price is currently at $64k, and it will be pumping very soon and the Bitcoin bull run is coming soon.
Perhaps the fall has nothing to do with Biden pulling out of the race or Kamala Harris being nominated. But recently we have seen news about Mt. Gox and I think this is the main reason why the price suddenly goes down to $64k. The real influence here is that when Trump is re-elected as the next US President. It could be the biggest news that will fuel this bull run. So we will have to wait, we need to get over the Mt. Gox repayment system first and so we can step it aside once and for all as it is being the bane of the market ever since. Or the news of the dive has something to do with the tech dive as well in the US. As we all know, there could be effects on tech stocks to crypto market or at least there is some sort of relation.
sr. member
Activity: 658
Merit: 321
I like to treat everyone as a friend 🔹
July 24, 2024, 09:48:34 PM
#32
I can see a huge fall in cryptocurrency due to Biden's resignation. Especially starting from Bitcoin and other currencies, the price has decreased a lot. But before Biden resigned, the value of each coin was rising well, and we saw the price of Bitcoin enter $68k. However, after the announcement of Biden's resignation, the market rose slightly but later dumped. However, I think the Bitcoin price will rise again, but now that Biden has resigned, the market may be dumping a bit for a while. Bitcoin price is currently at $64k, and it will be pumping very soon and the Bitcoin bull run is coming soon.
legendary
Activity: 3080
Merit: 1353
July 24, 2024, 05:28:16 PM
#31
Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.
Even if Joe Biden is not out of the United States presidential race, bitcoin will still later increase because it is likely that Donald Trump would be the next president of the United States even if Joe Biden contestant in the presidential race. Joe Biden party might probably have seen that Joe Biden might lose and making new strategies to make sure that Donald Trump will not win. If Donald Trump won, I think the market would be bullish that day. But regardless of this, be it anyone that wins, bitcoin is still an asset with increasing value.
Most times, I try as much as possible not to get involved with political issues and speculations, but when it comes to bitcoin and how it market react to news and political issues, I believe that no political candidates have the power to influence the promise of bitcoin, no matter how firendly they are towards bitcoin.


Trump or Joe Biden, none have the power to influence the price of bitcoin Because being a united states president gives the president power to make policies that concern the United State alone.

What makes it a good sign though is Trump winning the election as he is a pro-crypto as opposed to Biden and Kamala Harris party stance on it. As if they are trying to curtail the technology with taxes and all that stuff. But yeah, who knows, maybe Trump being the re-elected will push the price to higher grounds much faster that we expected.

As he could hire pro-crypto amongst his rank to bolster Bitcoin in the US. Maybe there will be no tax on those mining Bitcoin and there could be pro crypto laws. So he could be what we call the catalyst in this bull run to see the price hitting at least 6 digits next year if he is inaugurated formally as the next US President next year January. So exciting times ahead to be crypto enthusiast in the US.

hero member
Activity: 2982
Merit: 610
July 24, 2024, 04:56:39 PM
#30
Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.


This may be one of the factors along with many others due to we will see another bull market. But it is not like that if Biden had not abandoned the presidential race or even if trump did not win the upcoming elections, we will have no bull run. Regardless of these political developments, we are due to see the Bitcoin bull market and the major reason is the halving and the four year Bitcoin cycle.

Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.
Bull run is already bound to happen, but without these positive news around, it could come late probably unlike if there are news like this that will hit the market instantly, we might end up seeing bitcoin’s bull run earlier that what we expect it to happen. But the important thing is, it will certainly happen even without fixed time.
hero member
Activity: 910
Merit: 507
July 24, 2024, 04:32:26 PM
#29
Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.
Even if Joe Biden is not out of the United States presidential race, bitcoin will still later increase because it is likely that Donald Trump would be the next president of the United States even if Joe Biden contestant in the presidential race. Joe Biden party might probably have seen that Joe Biden might lose and making new strategies to make sure that Donald Trump will not win. If Donald Trump won, I think the market would be bullish that day. But regardless of this, be it anyone that wins, bitcoin is still an asset with increasing value.
Most times, I try as much as possible not to get involved with political issues and speculations, but when it comes to bitcoin and how it market react to news and political issues, I believe that no political candidates have the power to influence the promise of bitcoin, no matter how firendly they are towards bitcoin.


Trump or Joe Biden, none have the power to influence the price of bitcoin Because being a united states president gives the president power to make policies that concern the United State alone.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
July 24, 2024, 01:28:28 PM
#28
Yes, because Trump is pro-bitcoin, there will be many new theories that bitcoin will bullrun after Biden drops out of the race, but we already know that this will not happen.

It is true that US politics affects the bitcoin market because some of the most bitcoin user regulations are in the United States so with any decision later from the winner then this will be a little spike, all his supporters will be happy.

After all, we have entered the cycle so it is certain that bitcoin will go up even if there is no political event because the history of bitcoin is like that every cycle that goes through then it will be a new record, so with the political push that continues to make positive news then it will push earlier maybe.
sr. member
Activity: 938
Merit: 292
July 24, 2024, 07:59:23 AM
#27
Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.

It is not very logical to expect bullish market movement around an election. However, bullish movement can start in the crypto market for any reason. Any such outcome may cause a temporary bullish movement in the market but does not create reliable confidence. Everyone probably remembers Trump's opposition to crypto when he first came to power, and many chose Biden for his opposition. At any time that their personal opinion may change. Politicians speech or their policy changes can not bring any bullish trend in the market. Recently, Trump has expressed his support for Bitcoin, so if he wins, it can definitely have a positive impact on the market.
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