Biden out Bull run in??? - page 3. | Bitcointalksearch.org

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legendary

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Re: Biden out Bull run in???

It can be... or it can be not.
What I do know is that, one event isn't enough for the bull run to start. It will requires series of good events that will put the investors into a state of "Euphoria" that will force them to buy Bitcoin and other altcoins because of what's happening globally.

This withdrawal of Biden from the presidential race might be one of the catalysts since many crypto investors in the US doesn't want him since he isn't supporting them. On the other hand, Trump who is the front runner "SUPPORTS" them. These political events doesn't have a direct impact towards the crypto market, but this and other events might change the sentiments of the investors which directly affects the prices. This event might have a long-term effect on the crypto, but like I said, this will not be enough for the bull run to start.

Are we in the bull run phase already? I don't think so, and I still can't feel the fact that people are panicking - to buy more Bitcoin. Cheesy

Aanuoluwatofunmi

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Quote from: Ojima-ojo on July 22, 2024, 01:26:03 PM

I can't associate the current bitcoin price break out to any political events but then we can't deny the possibility of political events and news being responsible for bitcoin price actions, so Biden exit may contribute to it even as its not clear that is the case.

Same here as well, bitcoin is known for this we already have it in mind that being a volatile digital currency, the market can rise and fall at any time, maybe we should just admit on this recent occurrence as a coincidence, politics is a different thing and that may not have to depend on the market supply or demand in which bitcoin market price is based upon, moreover, there is no clear intention that Biden is quitting, all these were just mere speculations in causing for FUD.

SamReomo

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Nope, Biden's in or out won't matter much when it comes to bull run. I believe ETFs have played their role in adding huge boost to crypto market and the rest was played by the halving event. I know the Bitcoin's price wasn't impacted too much by halving event but it will surely help to accelerate the intensity of the bull run.

In fact I believe we're already in bull market and within time it may get more intense and that's why either Trump or Biden won't matter, they might be good as subject of useless meme coins but they play no role in improving the conditions of the market.

If Trump's saying good things about crypto then that's okay but we don't need to trust him with close eyes because politicians are known for their U-Turns and Trump may also take a U-Turn after getting elected as president of US.

coolcoinz

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I don't think it's something that should trigger a bull run.

Bull runs should have a strong foundation. One of such foundations is halving and a subsequent increase of the floor price for new bitcoins coming to the market.
Could you call the US president a strong foundation? We're talking about a man who once criticized bitcoin. A man who can change his mind, like many others did once they were chosen.

Also, I feel like Trump had much greater chance to win against Biden who couldn't distinguish Putin from Zelensky. Kamala is dumb, but she's going to appeal to women, unlike the man who said they should be grabbed by the pussy Cheesy

Ojima-ojo

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This thread suite best at speculations board, since it about bitcoin price speculations, here is the link to speculations board: https://bitcointalk.org/index.php?board=57.0

Now back to the discussion as for what is responsible for the current bitcoin price movements where bitcoin moved quickly to above $67k price and pointing to possible touch 68k in no time from now, since the buy orders are accumulating more than sell other which is an indication of a further uptrend direction demands.

I can't associate the current bitcoin price break out to any political events but then we can't deny the possibility of political events and news being responsible for bitcoin price actions, so Biden exit may contribute to it even as its not clear that is the case.

Mr Reporter

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Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.

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Some analysts suggested that the president’s withdrawal from the election race could benefit Bitcoin
BTCUSD
and other crypto assets in the coming months, while others cautioned that investors should temper their excitement for now.

The price of Bitcoin immediately dipped as much as 2.8% following the announcement, touching the $65,800 mark, but it quickly regained over 3.6% by the time of publication, according

https://www.tradingview.com/news/cointelegraph:03b845355094b:0-biden-out-bull-run-in-here-s-what-analysts-think/

Guys what your take on this??

Topic: Biden out Bull run in??? - page 3. (Read 513 times)