Bitcoin Price Jumps on Trump Victory

dearbesz1219

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Quote from: zikel on January 16, 2017, 06:32:00 AM

then why Bitcoin price has fallen significantly in a few months after the election? Logic and the link between these two things there. Trump does not affect the Bitcoin

You are definitely correct. It doesn't meant the new President now of the U.S MR. TRUMP will affect bitcoin to increase it. No, its not like that, as you can see after the election, there's nothing change in the flow of industry in bitcoin world actually. Which means it does not affect at all.

audaciousbeing

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Until we accept that bitcoin is a volatile currency that will respond to any news that have the possibility of affecting it the better and its not about Trump, if Hillary had won the election it would have been the same thing and we will be here and the thread will still be here but now carrying different name. If today something happens in Russia I am sure we will either have a surge to the negative or to the positive so its not actually about the person, its about bitcoin itself.

cjmoles

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Quote from: RodeoX on January 21, 2017, 09:32:32 AM

Americans tend to think that their news is important around the world and forget that bitcoin is global. It is used by people who don't know what a Trump is. Of course the instability that trump represents could cause more panic in the markets and push money into bitcoin. But I doubt many Chinese buyers think about it much.

Well, there is no doubt that there is a lot of money in the United States and that is independent of how many third world nations know about Trump. Policy changes that concern the economy of the United States may have more of an effect on the price of bitcoin than the world cares to admit....If the United States wages a war on bitcoin, it might influence bitcoin's price....in what way, I can only speculate.

icecube45

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Quote from: Xester on January 21, 2017, 06:29:38 AM

Quote from: lordquanta on January 21, 2017, 05:54:07 AM

Quote from: icecube45 on January 21, 2017, 03:18:03 AM

Quote from: bravehearth0319 on January 20, 2017, 11:11:01 PM

I don't think Bitcoin price jumps on Trump victory, In fact, we still don't have any proof that President Trump is open into bitcoin. And I don't know also if He is aware about in the system of Bitcoin. Lets see for the coming weeks after His inauguration will happen to bitcoin price. IF bitcoin increase not for Him but for the community of bitcoin and investors of Bitcoin.

Yes indeed inauguration Trump nothing direct influence on the price of bitcoin, but indirectly it affects I think. Inauguration Trump become president will destabilize the economy, because we all know the political conditions will affect the stability of the economy especially the US is very influential country in the world. Economic instability due to the inauguration Trump will make bitcoin prices will rise, so in my opinion indirectly influence. Now we see the bitcoin prices have increased and I think it is also influenced by the inauguration Trump.

Mere Trump becoming President should not be taken as sure shot sign economic debacle. In fact by speculating so, everyone(thanks to mainstream aka paid private propaganda shills) has lowered the bar of performance for Trump.This situation is in fact advantageous for Trump that even if manages to do single improvement then it could give chance to supporters of Trump to declare they were/are right.
Looking at appointments of ministers from Trump, it is easily observable that his Government would have major Businessmen impact. Just look at the appointment of Rex Tillerson and his recent statement. Then check his interest in South China sea. For me it is too early to speculate how thing will unfold. It is better to buy some bitcoins for short term goals in mind. This uncertainty have triggered pumped demand causing btc go on bullish.

It is not true that Trumps win in the election as the new President of America has no effect on bitcoins price. In fact it has an effect but the sudden skyrocket of the price was really due China and Indias adaptation and purchase of bitcoin. While the sudden decrease on the price of bitcoin was due to the Chinese selling large volumes of bitcoin in the market. Trump on the other hand has also made an impact on bitcoins price but only at a small level.

Yups very right, it's like I mean. Although it does not have a big impact but Trump really affect the price of bitcoin is small. See the United States is a great country which is very influential in the world, whatever is done will inevitably affect other countries including crypto like bitcoin. I believe not only the victory but the next Trump will continue to affect the price of bitcoin with the policies that he created.

Dammitt

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Quote from: zikel on January 16, 2017, 06:32:00 AM

then why Bitcoin price has fallen significantly in a few months after the election? Logic and the link between these two things there. Trump does not affect the Bitcoin

The idea is to join, but we can say that the fact is that the Dollar has risen before that, but with Trump the dollar has risen faster. In short, the Dollar seems to have increased in the bitcoin as far as I can tell. The reasons for the rise in bitcoin are a completely different case, more buying, the effect of half-life can be anything in short.

deisik

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Quote from: RodeoX on January 21, 2017, 09:32:32 AM

Americans tend to think that their news is important around the world and forget that bitcoin is global. It is used by people who don't know what a Trump is. Of course the instability that trump represents could cause more panic in the markets and push money into bitcoin. But I doubt many Chinese buyers think about it much

I guess the effect of a massive dollar devaluation will be felt throughout the world, and the shock wave will definitely circle the planet a few times like a good old hydrogen bomb blasting. So even those who don't care who or what Trump is will inevitably get affected by his financial policies (provided he ever delivers on his promises, of course). Look, the Bitcoin price has again started to surge, so the Chinese buyers do pay attention to what he says after all. And still more to what he does (Trump already denounced Obamacare)...

So let's await what he denounces next

gabmen

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Quote from: Dudeperfect on January 21, 2017, 12:19:38 PM

Quote from: zikel on January 16, 2017, 06:32:00 AM

then why Bitcoin price has fallen significantly in a few months after the election? Logic and the link between these two things there. Trump does not affect the Bitcoin

Some things are interrelated with each other but we can't see the direct relation. Trump and bitcoin might not have direct relation (and in fact, trump doesn't think that computers are safe) but still, some people believe that Trump is positive for bitcoin and they hope that he will give bitcoin, the legal status.

Hopefully. Though i think people who use btc are confident that a trump presidency is good for crypto exchange. The end of the year price jump which happened when trump is already president elect, tells us that people are optimistic. I think trump knows that he could use bitcoin to his advantage as he knows hiw business works. So let's pretty much wait and see how the next 4years will affect bitcoin but i'm hopeful we'll see the best of bitcoin yet

Dudeperfect

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Quote from: zikel on January 16, 2017, 06:32:00 AM

then why Bitcoin price has fallen significantly in a few months after the election? Logic and the link between these two things there. Trump does not affect the Bitcoin

Some things are interrelated with each other but we can't see the direct relation. Trump and bitcoin might not have direct relation (and in fact, trump doesn't think that computers are safe) but still, some people believe that Trump is positive for bitcoin and they hope that he will give bitcoin, the legal status.

ipanks

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maybe there is an affect with bitcoin price jumps on trump victory because bitcoin price is also looks from many aspects and not only with politics like trump victory, but in other aspect will give impacts too. so if bitcoin price jumps for down or up, its should be in many aspects and maybe from increasing people that using bitcoin itself.

Slark

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Quote from: RodeoX on January 21, 2017, 09:32:32 AM

Americans tend to think that their news is important around the world and forget that bitcoin is global. It is used by people who don't know what a Trump is. Of course the instability that trump represents could cause more panic in the markets and push money into bitcoin. But I doubt many Chinese buyers think about it much.

But american's economy has global influence, dollar is still top fiat used as legal tender in international trade, we have petrodollar too.
So far Trump's doesn't represent anything, wait for his actions to judge him, don't repeat FUD that he is unstable that mass media are feeding us.

Taki

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Quote from: The Sceptical Chymist on January 20, 2017, 11:16:20 PM

Looks like we're getting a little bump tonight, too. It figures--I just spent what little bitcoin I had on some things. Serves me right.

Not sure how much Trump has to do with any price movement. It's been said ad nauseam in the press that bitcoin isn't a go-to asset like gold is. It's way too volatile. But it certainly is a convenient explanation.

I doubt that that little bump you are talking about has something with Trump. The same as I didn't see some great move in the price for bitcoin with trump's election the same I don't see any change with his inauguration. Bitcoin's price depends from us only from us, bitcoin users.

RodeoX

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The revolution will be monetized!

Americans tend to think that their news is important around the world and forget that bitcoin is global. It is used by people who don't know what a Trump is. Of course the instability that trump represents could cause more panic in the markets and push money into bitcoin. But I doubt many Chinese buyers think about it much.

talkbitcoin

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All I know is that I know nothing.

bitcoin price rises only because of adoption and because of the big potential bitcoin has and wise investors see that clearly.
all the side news like Trump victory, ... are side news that can temporarily change the price for the better or worse. but that last short term.
the over all trend is rise and will remain that.

Liad.Services

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Quote from: nikilavi on January 21, 2017, 06:39:24 AM

Well i don't know much but as far as i know the bitcoin price is mainly controlled by the Chinese as most of the big investors are from china. And the recent fall after reaching 1100$ is because of the Chinese ' s itself as there central bank issued a statement that bitcoin can be a risky investment i don't think there was a increase in price because of trumph in can be a coincidence though.

Yes, the last bubble was happened just because the chinese were buying and selling pretty fast.

If you were taking a look at the chinese market's cap you would see a very large and unusual amount of bitcoins that are being transacted.

Anyway I think that Trump is only going to do good to bitcoin, as everything unusual that happens around the world may make the bitcoin's price to rise.

nikilavi

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Well i don't know much but as far as i know the bitcoin price is mainly controlled by the Chinese as most of the big investors are from china. And the recent fall after reaching 1100$ is because of the Chinese ' s itself as there central bank issued a statement that bitcoin can be a risky investment i don't think there was a increase in price because of trumph in can be a coincidence though.

Xester

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Quote from: lordquanta on January 21, 2017, 05:54:07 AM

Quote from: icecube45 on January 21, 2017, 03:18:03 AM

Quote from: bravehearth0319 on January 20, 2017, 11:11:01 PM

I don't think Bitcoin price jumps on Trump victory, In fact, we still don't have any proof that President Trump is open into bitcoin. And I don't know also if He is aware about in the system of Bitcoin. Lets see for the coming weeks after His inauguration will happen to bitcoin price. IF bitcoin increase not for Him but for the community of bitcoin and investors of Bitcoin.

Yes indeed inauguration Trump nothing direct influence on the price of bitcoin, but indirectly it affects I think. Inauguration Trump become president will destabilize the economy, because we all know the political conditions will affect the stability of the economy especially the US is very influential country in the world. Economic instability due to the inauguration Trump will make bitcoin prices will rise, so in my opinion indirectly influence. Now we see the bitcoin prices have increased and I think it is also influenced by the inauguration Trump.

Mere Trump becoming President should not be taken as sure shot sign economic debacle. In fact by speculating so, everyone(thanks to mainstream aka paid private propaganda shills) has lowered the bar of performance for Trump.This situation is in fact advantageous for Trump that even if manages to do single improvement then it could give chance to supporters of Trump to declare they were/are right.
Looking at appointments of ministers from Trump, it is easily observable that his Government would have major Businessmen impact. Just look at the appointment of Rex Tillerson and his recent statement. Then check his interest in South China sea. For me it is too early to speculate how thing will unfold. It is better to buy some bitcoins for short term goals in mind. This uncertainty have triggered pumped demand causing btc go on bullish.

It is not true that Trumps win in the election as the new President of America has no effect on bitcoins price. In fact it has an effect but the sudden skyrocket of the price was really due China and Indias adaptation and purchase of bitcoin. While the sudden decrease on the price of bitcoin was due to the Chinese selling large volumes of bitcoin in the market. Trump on the other hand has also made an impact on bitcoins price but only at a small level.

lordquanta

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Quote from: icecube45 on January 21, 2017, 03:18:03 AM

Quote from: bravehearth0319 on January 20, 2017, 11:11:01 PM

I don't think Bitcoin price jumps on Trump victory, In fact, we still don't have any proof that President Trump is open into bitcoin. And I don't know also if He is aware about in the system of Bitcoin. Lets see for the coming weeks after His inauguration will happen to bitcoin price. IF bitcoin increase not for Him but for the community of bitcoin and investors of Bitcoin.

Yes indeed inauguration Trump nothing direct influence on the price of bitcoin, but indirectly it affects I think. Inauguration Trump become president will destabilize the economy, because we all know the political conditions will affect the stability of the economy especially the US is very influential country in the world. Economic instability due to the inauguration Trump will make bitcoin prices will rise, so in my opinion indirectly influence. Now we see the bitcoin prices have increased and I think it is also influenced by the inauguration Trump.

Mere Trump becoming President should not be taken as sure shot sign economic debacle. In fact by speculating so, everyone(thanks to mainstream aka paid private propaganda shills) has lowered the bar of performance for Trump.This situation is in fact advantageous for Trump that even if manages to do single improvement then it could give chance to supporters of Trump to declare they were/are right.
Looking at appointments of ministers from Trump, it is easily observable that his Government would have major Businessmen impact. Just look at the appointment of Rex Tillerson and his recent statement. Then check his interest in South China sea. For me it is too early to speculate how thing will unfold. It is better to buy some bitcoins for short term goals in mind. This uncertainty have triggered pumped demand causing btc go on bullish.

icecube45

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Quote from: bravehearth0319 on January 20, 2017, 11:11:01 PM

I don't think Bitcoin price jumps on Trump victory, In fact, we still don't have any proof that President Trump is open into bitcoin. And I don't know also if He is aware about in the system of Bitcoin. Lets see for the coming weeks after His inauguration will happen to bitcoin price. IF bitcoin increase not for Him but for the community of bitcoin and investors of Bitcoin.

Yes indeed inauguration Trump nothing direct influence on the price of bitcoin, but indirectly it affects I think. Inauguration Trump become president will destabilize the economy, because we all know the political conditions will affect the stability of the economy especially the US is very influential country in the world. Economic instability due to the inauguration Trump will make bitcoin prices will rise, so in my opinion indirectly influence. Now we see the bitcoin prices have increased and I think it is also influenced by the inauguration Trump.

The Sceptical Chymist

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Looks like we're getting a little bump tonight, too. It figures--I just spent what little bitcoin I had on some things. Serves me right.

Not sure how much Trump has to do with any price movement. It's been said ad nauseam in the press that bitcoin isn't a go-to asset like gold is. It's way too volatile. But it certainly is a convenient explanation.

bravehearth0319

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I don't think Bitcoin price jumps on Trump victory, In fact, we still don't have any proof that President Trump is open into bitcoin. And I don't know also if He is aware about in the system of Bitcoin. Lets see for the coming weeks after His inauguration will happen to bitcoin price. IF bitcoin increase not for Him but for the community of bitcoin and investors of Bitcoin.

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