Bitcoin Bounces, Futures Flounder as Trump Nears Presidential Upset

calkob

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Quote from: yayayo on November 09, 2016, 09:36:29 AM

Initial market movements were quite significant due to the surprise effect. However the market is already calming down, because participants are realizing that Trump is by far not as horrifying like the media tried to paint him. After all, unlike Clinton he's a businessman and has some real world economic experience.

I think the effects of this surprise will be rather short lived. Bitcoin and precious metals will appreciate further though, because even the best president can't solve the systemic crisis of the fiat system. Monetary inflation has happened already - it's only a matter of time before people will see price inflation as well.

So regardless the day-to-day politics, hodl Bitcoin long term is surely the right thing to do.

ya.ya.yo!

Great analysis , i have to agree especially with the bitcoin long term hold ....... Grin

eternalgloom

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Quote from: Cashew on November 11, 2016, 08:46:55 AM

The effect was as excepted, short-lived, and now, when I saw the topic, it has already ended.

Yeah unless you're a day trader, this should not have any effect for you.
The long term trends are still very positive and there's no reason to think that would change any time soon.

Searing

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Clueless!

Quote from: XCoinCall on November 09, 2016, 08:19:21 AM

http://www.coindesk.com/bitcoin-bounces-futures-flounder-trump-nears-presidential-upset/
What's your opinion on this?

Get out in the Sunshine. Don't sweat the small stuff. It will not matter a lick when he gets pissed off at Putin with a who has the bigger dick contest

and flushes the Nukes in Jan or Feb 2017. (hope I'm kidding...really, really hope I'm kidding...but my last joke was him being President and look where that got us)

XCoinCall

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Quote from: Cashew on November 11, 2016, 08:46:55 AM

The effect was as excepted, short-lived, and now, when I saw the topic, it has already ended.

Let's hope it will go back to what it was

Cashew

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The effect was as excepted, short-lived, and now, when I saw the topic, it has already ended.

arseaboy

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Quote from: pooya87 on November 11, 2016, 03:14:33 AM

Quote from: outatime1 on November 10, 2016, 08:42:59 PM

It's possible that trump will deregulate which might be good for bitcoin. I don't know for sure and it may have negative affects for consumers in other areas.

don't be naive, deregulation is never going to happen!
if anything we are going to see more regulations, but the important thing is how those regulations are going to be. sometimes they are restrictive and create a negative thing preventing the growth and forces businesses to either leave that state or stop working with bitcoin. but other times they are not restrictive and they are something that already exist for businesses using fiat and now it is extended to bitcoin.

If there will be regulations in bitcoin community hopefully these won't affect us a negative way. Trump has a lot of things that needs to take care for his country.. I hope he don't mind bitcoins.

pooya87

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Quote from: outatime1 on November 10, 2016, 08:42:59 PM

It's possible that trump will deregulate which might be good for bitcoin. I don't know for sure and it may have negative affects for consumers in other areas.

don't be naive, deregulation is never going to happen!
if anything we are going to see more regulations, but the important thing is how those regulations are going to be. sometimes they are restrictive and create a negative thing preventing the growth and forces businesses to either leave that state or stop working with bitcoin. but other times they are not restrictive and they are something that already exist for businesses using fiat and now it is extended to bitcoin.

outatime1

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It's possible that trump will deregulate which might be good for bitcoin. I don't know for sure and it may have negative affects for consumers in other areas.

Clement Kaliyar

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Quote from: addicto on November 09, 2016, 10:07:13 AM

There is huge potential for huge rise bitcoin will get more stronger. So that I also will do agree there is good chance this time it will grow. Bitcoin will attract more people to save their investment into that.

people will invest in bitcoin and its not because Trump is elected as the president of America but people does not believe in fiat system

Quote from: Kevin77 on November 09, 2016, 10:19:49 AM

I believe Trump's policies will support alternate investments too. May his policies trigger wave of new investors into bitcoin ecosystem. Definitely we can expect new formations which were not considered during Obama's last eight year term.

i do believe what @yayayo said is the fact ,Trump is a successful business magnet and he wont do anything stupid which would harm the economy but i am expecting him to cut back certain funds which is used in funding other nations to counter terrorism ,have to wait and see what he is going to do.

Goms

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After you sell at $1000+ you will be holding fiat Cheesy

Don't know if that spike will take place this year.

thejaytiesto

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It's already correcting back to 714, it hit 740 and then it started going down. Nice pump for those that sold, I didn't since sooner or later we will explode to 1000+ and I don't want to be the idiot left behind holding fiat.

XCoinCall

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Quote from: Pursuer on November 10, 2016, 06:30:14 AM

Quote from: XCoinCall on November 09, 2016, 08:19:21 AM

http://www.coindesk.com/bitcoin-bounces-futures-flounder-trump-nears-presidential-upset/
What's your opinion on this?

this wasn't really a bounce, but more of a slight rise which didn't even last long enough on top. although there is still time but I never call anything lower than $50 change a rise (or drop if it was on the other side) because these small amounts of change like 10-20 dollars and so are normal daily fluctuations of bitcoin price and even though bitcoin was stable for the better part of the recent past but it doesn't change anything.

Some could say it is just a coincidence, others could say it's not! We have to keep waiting to see for sure what it is!

XCoinCall

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Quote from: TastyChillySauce00 on November 10, 2016, 06:28:50 AM

Quote from: XCoinCall on November 09, 2016, 10:29:59 AM

Trump gets a big thumbs up regarding monetary politics because he is a businessman and knows how things are working. He has some real life experience!

i think that managing country is quite a lot different with managing a business even if he's an experienced businessman for about thirty years
there will always a problem popping out and it's new for him
he could adapt with the situation by the time and gaining experience ofcourse and whether he will success or not just matter about the time

You are perfectly right! You cannot compare running a business with running a country! But let's say he might be one step ahead due to his economical background !

Pursuer

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Quote from: XCoinCall on November 09, 2016, 08:19:21 AM

http://www.coindesk.com/bitcoin-bounces-futures-flounder-trump-nears-presidential-upset/
What's your opinion on this?

this wasn't really a bounce, but more of a slight rise which didn't even last long enough on top. although there is still time but I never call anything lower than $50 change a rise (or drop if it was on the other side) because these small amounts of change like 10-20 dollars and so are normal daily fluctuations of bitcoin price and even though bitcoin was stable for the better part of the recent past but it doesn't change anything.

TastyChillySauce00

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Quote from: XCoinCall on November 09, 2016, 10:29:59 AM

Trump gets a big thumbs up regarding monetary politics because he is a businessman and knows how things are working. He has some real life experience!

i think that managing country is quite a lot different with managing a business even if he's an experienced businessman for about thirty years
there will always a problem popping out and it's new for him
he could adapt with the situation by the time and gaining experience ofcourse and whether he will success or not just matter about the time

XCoinCall

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On the other hand, we have this: https://cointelegraph.com/news/how-hillary-clinton-seeks-to-end-the-internet-bitcoin-and-the-free-world-op-ed
What do you think?

Zadicar

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Quote from: Kevin77 on November 09, 2016, 10:19:49 AM

I believe Trump's policies will support alternate investments too. May his policies trigger wave of new investors into bitcoin ecosystem. Definitely we can expect new formations which were not considered during Obama's last eight year term.

Im believing the same thing too on which Trump could possibly make contributions regarding on his decision would really affect bitcoin as i see hes a businessman and i could say that he would see bitcoin is a good thing for us thus lets wait for further actions that he would made regarding with this. and for sure it would really benefit us all.

XCoinCall

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Trump gets a big thumbs up regarding monetary politics because he is a businessman and knows how things are working. He has some real life experience!

Kevin77

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I believe Trump's policies will support alternate investments too. May his policies trigger wave of new investors into bitcoin ecosystem. Definitely we can expect new formations which were not considered during Obama's last eight year term.

addicto

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There is huge potential for huge rise bitcoin will get more stronger. So that I also will do agree there is good chance this time it will grow. Bitcoin will attract more people to save their investment into that.

Topic: Bitcoin Bounces, Futures Flounder as Trump Nears Presidential Upset (Read 868 times)