Topic: Bitcoin Price Jumps on Trump Victory - page 3. (Read 3712 times)

Current price jump has nothing to do with Trumps future presidency. Why do you think this is connected? If someone has a proof or theory please explain this. Chinese are deeply involved in Bitcoin price and they can affect it a lot but not the Trump. At least not at the moment.

It can be said as not only elected but he took some good steps which are giving benefit to bitcoin and more over my calculation is if it is due to Christmas then we can see withing 1 or 2 days heavy selling dump because of everyone will be in need of fiat currency so they will start selling bitcoin to encash in fiat and enjoy Christmas and new year

I somehow think that there is a connection, but this is just my speculation, when trump elected become president all the stock price become down and that makes dollar become weaker and because our currency exchange is dollar its making bitcoin more expensive, but for now the price is up because there is so much transaction before Christmas, not because of Trump

The connection may be subtle and complex

For example, I could claim that since Trump had been constantly accusing the Chinese government throughout his presidential campaign of stealing American jobs and subsidizing Chinese exporters by deliberately devaluing the national currency, the Yuan (which is partially true, to be honest), the Chinese may be sort of retaliating on him by undermining the value of the US dollar by manipulating the Bitcoin price. They have literally trillions of dollars stacked as US Treasuries (which are basically the same dollars), thereby they could just drop them all and crash the American dollar, but that would heavily backfire on themselves. With Bitcoin appreciation, though, the effects would be less subtle and more manageable and in the end not so damaging to China itself

What is the connect of bitcoin price of winning victory of mister Trump? Is he the main reason why the bitcoin price is increasing i don't think so all i know is bitcoin is always increasing in the month of december or by the end of the year increasing by it self. I was really shocked because bitcoin price is really high.

i think its not because of trump become the president of USA, but many people now have using bitcoin for many reason, we don't know for sure but all in all, we are happy with this price and we hope the price can reach more high.

This is not the first time bitcoin will hit $900 way back 2013 bitcoin is already in that price when the exchange mtgot arrive and trump will never involved in this happening, Its really impossible that bitcoin will hit 10k$ dollars in that year.

Well, people were telling basically the same before the price broke through $800 resistance level. They were telling that many Bitcoin holders would start fixing profits and a major correction should be expected. I didn't completely exclude such a possibility, but I was telling about the common opinion being used as a contrary indicator. In this case, it is even more so because many people expect that the price will just bounce back once it tries to touch the $1,000 mark. That is a sort of contrary indicator.

In BTC-e, it is yet to touch the $900 mark. But there will be fierce resistance at $950-1000 levels. There will be a lot of dumping at that mark. IMO, the prices will decline after touching the four digit exchange rate. The prices will stabilize, and for 2-3 months it will remain at sub-900 levels, before rising again to above $1,000 per coin.

And now the price of bitcoin is > 900 $ , it's the first time ever . since trump be the president of USA the price of bitcoin is grow up  i hope it will be over 10k $ in 2020 .

Yes, the markets restored to their typical patterns some time after the Trump victory had been announced. If you disagree with that, you can name a specific stock market which you consider as "gone wild", and we will see if it is really so. There is not much sense in empty claims and futile argument when we can just check the facts themselves.

Honestly the small jump Bitcoin made was extremely minuscule when looking at other aspects of the stock market. As always after an election, there was a drop across the board in most stocks, but practically all of those stocks that dropped came back and are up a few percentage points. Trump's pro-business policies with lower taxes on the wealthy may be factors of this. The economy should be doing fairly well under his administration.

I feel like Trump is going to be the savior America was looking for for so many years. I can't find a thing that I don't like about him, a suspicious activity he had done and such things. Everything about him is just great.. He wants to save the world. America has been triggering the wars and bad events for a long time already. America has been in trouble until now, and this will influence Bitcoin's price too: the price is going to go just higher and higher!

you think now after a couple days trump announced won the election all the stock market restored and back to the usual patterns? i don't think so , all gone wild , include bitcoin which up positively in several days ago.

i hope trump did not make a controversial policy regarding digital economy especially bitcoin later in his days being a president of USA.

many other things are looking so good right now, it is not just bitcoin and stocks.

i guess the news of Trump and his victory and mostly what he may do financially to America has been huge enough to create some sort of good expectation in all the markets and raise their prices.

I remember Hillary coquettishly stating a few years back that she was not going to run for presidency when she was asked directly about her presidential ambitions. Trump, in his 1990 Playboy magazine interview, had also said that becoming the president of the US was not his priority then. To his credit, he also added that he would change his mind if he saw that the US "continued to go down the tubes".

Yeah both bitcoins and stocks are looking great.. I don't think that this has something to do with Trump's Victory.. but if this is the main reason well that's a good a news for us because we will see the price of bitcoin will really go up constantly.

It wasnt shocking at all.

U guys got it all wrong about Trump. Dude with a cummy fuckable wick is not a middlebrow ponce in a presidential chair, and decisions he had made throughout his carrier actually foresee his presidency, which, I believe, was the part of his big plan from the beginning. I mean huge plan to make more richies in the fastest ways possible.

Hes got the stellar inheritance from his dad and pushed family's private real estate deeds far beyond the imagination of everyday illiterate american brain. So it is. I dont see a similar scenario in which that bitch rather lands her fat ass in the presidential chair. Trump should have won and he won. Ever since, he had been multiplying his money, ditching in the shadows and finalizing up his preparations till he gets the time, the right time to act, the right chair and title to make it all implicitly perfect. Why do u think golds back to magnets and keeps falling while stock gets pumped to lunar orbit?

Treasury bonds up and kicking, and look at the interest rates pulling the tides! Its just that Trumps in action, hes got all worlds hype now, hes got the big fat cats rolling the ball down the hill for him, ceding ground for more money prints, and huge commercial establishments rebuilds. Woah! This means Trumps buying up bonds and stocks in large quantities (I hope he has accumulated enough in the long-run though), steeper inflation, bonds hiking up, and bump in monetary supply which is at 3317 billion USD at the time of this writing. Dollar inflation is good for bitcoin but those who look for correlation between gold and bitcoin and never find it though, will soon have to reconsider their stance when bitcoin bumps past gold prices as the threat arises that real estate enters into the bubble. Profit taking is how thats called. Ya know, what u have learned from the past recessions including 2008 crysis is what ull again fall victims for. Property pricing would lift up in normal environment, without any Trumps, but huge astronomic bonds bubble means CDS and CDO's back into play, and thats attributable to the new recession of unseen magnitude. Trump is da dude! Post bubble US markets would be eager to curb the demand for bitcoin which is to rebuild from the ashes the new post-trump economy. Crypto economy.

If that were the case, we would see the US dollar index go down dramatically. On the contrary, it has been on the rise recently, and right now it is exactly at 100.01. I don't think many people are actually exchanging dollars to bitcoins, it looks more like money from stock markets is running into safe havens of which dollar is best while bitcoin is only second best.

The media around the world made people think that the Trump's presidency is almost like the end of the world or at least the end of the USA. Since many people not only in the USA but in other world too were keeping their savings in USD they have started exchanging it on a more promising currency. And right now we have $742 which looks good to me. )