Bitcoin sentimental discussion for November - page 2.

danadc

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Quote from: Pandu Geddon on November 04, 2024, 10:31:41 AM

We have seen a small drop now but I don't think it will be deeper. this month the chart might move sideways even when the election announcement is published it might not have a big impact. The end of the month or early next month might be a good moment when Bitcoin is moving pretty stable now.
I don't know how much impact the election will have on the current bitcoin price. but I hope it really makes a new ATH instead of a long term drop.

I don't think it will go down much in price, according to analysts it may not go down below the $61k level, I think it won't go down much.

If the candidate who is against cryptocurrencies wins in the current elections , I think it will go down but not by much, I have faith that by 2025 there will be an Early Christmas.

$61,000 Is Bitcoin' Line In The Sand For ETF Demand To Remain Steady, Says Analyst

Quote

Options market sees increased end-November $75,000 calls, indicating expectations for significant Bitcoin price moves post-election results.
Benzinga’s Future of Digital Assets event on November 19 will explore the election’s impact on Bitcoin and ETF flows.

"As long as the BTC price holds above $61,000, ETF demand should remain steady, in my opinion," he stated in a post on X on Monday.

QCP Capital provided additional context on the market's current state, emphasizing caution amid political uncertainty, stating that vice president Kamala Harris and former president Donald Trump are locked in a tight race as odds on Polymarket have moved closer to actual poll estimates.

While Polymarket odds currently favor Trump at 55%, this is a significant decline from 66% a week prior, reflecting a more balanced electoral outlook.

This uncertainty has kept leveraged perpetual positioning in check, with figures dropping from $30 billion to $26 billion across exchanges, signaling cautious sentiment.

Original Source:https://www.benzinga.com/markets/cryptocurrency/24/11/41715056/61-000-is-bitcoin-line-in-the-sand-for-etf-demand-to-remain-steady-says-analyst?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

$crypto$

legendary

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At the beginning of October before that bitcoin experienced a correction and now at the beginning of November is doing the same thing but there is a possibility that at the end of the month bitcoin will go back up in the end, I don't know what the scenario will be but about optimism of course hoping for a positive direction.

US election? As it will be an interesting narrative in our discussion especially on social media, as bitcoin lovers expect Trump to win to be more dominant again to bitcoin, some results show Trump is still above Kamala, maybe it can be a breath of fresh air to see.

lixer

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

I have not noticed any topic about sentimental discussion about bitcoin price in November. If there is any thread about it, you can let me know. But I have gone through the recent threads on this board but I did not see November discussion for bitcoin.

What do you think, will bitcoin rise November?

It remain just three days to the United States presidential election. Some people think that if Kamala Harris wins, bitcoin may drop a bit before going back up. Some people believe that if Donald Trump wins, that the price of bitcoin may increased to ATH.

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

Elections should definitely play a big role, there will be a lot of people who will make a ton of movements without a doubt. I am not saying that we are going to end up with a great result one way or another, I am just saying we are going to see a huge increase in price in either case.

Because there are so many Americans, including retail and corporate, who are waiting for this to be over before they make their decision. I am not saying they will invest based on who wins, they are just going to invest based on market movements reactionary to election results. So that is why we are going to end up seeing what will happen, we just need some more time and with enough time we are going to end up with a bigger price no matter what.

GigaBit

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There are only a few hours left for the election and everything surrounding this election will begin to have an impact. October was a special month for Bitcoin. The month of November has also started and already the price of Bitcoin has started to rise again after a slight decrease. If Trump wins the election, this month could be known as a special month for Bitcoin, and if Kamala Harris wins, then Bitcoin will definitely retreat from the current situation. That is, the value of Bitcoin will fall. But since there is no certainty of which team will win, there is also uncertainty about what level the price of Bitcoin can reach.

I believe if Trump wins Bitcoin will hit a new high this year and November will be one of Bitcoin's best months. But looking at the situation, we can admit that Bitcoin will not reach 30k by any means. If one assumes such a value then it must not be realistic.

Poker Player

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The OP could have created a poll while he was at it. In my opinion, November would have to bring movement to bitcoin but maybe not what everyone expects. A lot of people expect that if Trump wins the price will go up and I wouldn't be surprised if the opposite happens. And I wouldn't be surprised if the price goes up if Kamala wins either. The only thing that is clear to me is that the trend for the next 12 months is going to be bullish and in the very long term as well.

About November I think it could be the beginning of the bull run, but who knows.

Pandu Geddon

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

We have seen a small drop now but I don't think it will be deeper. this month the chart might move sideways even when the election announcement is published it might not have a big impact. The end of the month or early next month might be a good moment when Bitcoin is moving pretty stable now.
I don't know how much impact the election will have on the current bitcoin price. but I hope it really makes a new ATH instead of a long term drop.

bullrun2024bro

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Quote from: mirakal on November 04, 2024, 10:13:46 AM

I guess with or without US election, bitcoin price is still bound to reach its new ATH if not this year, hopefully by early next year.

Pretty likely, yep.

Quote from: mirakal on November 04, 2024, 10:13:46 AM

~

A strong US economy is much more important than the presidential election. No matter who wins tomorrow. If the economy remains strong, we will see higher Bitcoin prices in the future.

It's always been like that, solid economic data counts much more than vague words from politicians that may still change after the election.

For that reason, I don't think a Kamala win is terribly bad for Bitcoin and a Trump win is not super positive for Bitcoin.

If we get dips, you buy them.

mirakal

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Quote from: bullrun2024bro on November 03, 2024, 09:58:58 AM

Quote from: Smack That Ace on November 02, 2024, 10:20:09 PM

In my opinion, the trend of bitcoin in November depends entirely on the election results. If Trump loses, don't expect the market to continue to rise and the bull season will be delayed further.

Yep, pretty hard to tell before the US election on Tuesday. However, the polls on Polymarket seem to be flawed and I really doubt there is such a big margin.

A Trump win likely sends us to new all-time highs quite quickly, maybe even a sick election daily candle on Wednesday. If Kamala wins (which is quite possible, if you go out the crypto election bubble) we might get a decent dip. However, imho this dip is for buying. No clue if we get all-time highs in November then, but midterm it doesn't matter who wins in the US.

That's why I am pretty confident we will get higher prices in 2025, likely above $100k.

I guess with or without US election, bitcoin price is still bound to reach its new ATH if not this year, hopefully by early next year. However, given if the election result favors on Kamala over Trump or the vice versa, still no one can predict specific price movement for bitcoin. It depends actually on how bitcoin and its market reacts to the current trends and even macroeconomic conditions. Different factors come with different effects on the market. If the outcome creates a positive effect for bitcoin, then most likely bitcoin price will surge high, but if it’s the contrary, then bitcoin price is expected to drop once again.

michellee

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I am not sure about what will happen to Bitcoin price this month. But I hope that we can see the increasing for Bitcoin price and break the last ATH. But even if that can not happen in this month, Bitcoin will have more opportunities to increase in the next months. So we don't have to thinks about the price increases or stay at the current price now.

We need to be ready with anything that can happen so we can use the situation for our benefits. So when the price finally increase this month, that will be a good news for us. The bull run will comes soon. The presidential election may impacts with the crypto market and other market so we need to be careful and be ready for that.

danherbias07

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Nah, even if Kamala Harris wins, I don't think Bitcoin will drop to a number that will surprise us. The ETF will probably help to lock it on a number where it cannot go down anymore. I know there's a thing about Gary Gensler but I think Bitcoin's community is very large now that it won't be easy to dump it anymore. Those who will do it might have a difficult time for re-entry if they do, so doubt will linger on them.

I did believe in the Ber months where people have more money to spend but Bitcoin's market in the past years has proven me wrong so Ber months could just become a silent market for it. If Trump wins though, it might be different. Well, let's see.

Botnake

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Quote from: Swordsoffreedom on November 04, 2024, 06:31:49 AM

Bitcoin won't skyrocket to $100,000 if Trump wins, but at least his victory will create excitement and catalyze a strong bull run in the market.

We’re about to see how things unfold, but honestly, Bitcoin’s already in a good place, nearing its current ATH. Even if the price dips a bit - right now we’re at $68k...that’s not much of a drop. I believe that once the market gets fully bullish and closes in on its ATH, it’ll push through and break it. So, I’m not too concerned about the election outcome. Bitcoin has been through plenty of elections before and it’s still here, growing in adoption. There’s really nothing to worry about.

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Quote from: Frankolala on November 04, 2024, 04:41:55 AM

With or without the election, bitcoin will be bullish this month of November, because we are in the bull run and we are getting closer to the peak which we are expecting by the first Q1 of next year. Bitcoin price needs to start uptrend movement for history to repeat itself again and a new ATH will be recorded. It is just that if Trump wins we can achieve this faster, and we might see a higher price of ATH than if Kamala wins. I don't also believe that if Trump wins, bitcoin price will only keep pumping till it gets to a $100k, we will still experience price dips.

If there were no elections or if politicians did not mention it and use it as a tool in elections, things would probably be much more predictable. But with bitcoin and the crypto industry tied to the presidential candidate, things could get turned upside down and even worse if he doesn't win.

Based on the 4 year cycle we have been in a bull market but honestly, I don't feel like it. Do you feel like we are in a bull market? From my observations on forums, social media and investors around, I don't see the market being as optimistic or excited about us being in a bull market as many would expect.

Bitcoin won't skyrocket to $100,000 if Trump wins, but at least his victory will create excitement and catalyze a strong bull run in the market.

Frankolala

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With or without the election, bitcoin will be bullish this month of November, because we are in the bull run and we are getting closer to the peak which we are expecting by the first Q1 of next year. Bitcoin price needs to start uptrend movement for history to repeat itself again and a new ATH will be recorded. It is just that if Trump wins we can achieve this faster, and we might see a higher price of ATH than if Kamala wins. I don't also believe that if Trump wins, bitcoin price will only keep pumping till it gets to a $100k, we will still experience price dips.

fuguebtc

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Quote from: Ricardo11 on November 04, 2024, 03:13:10 AM

-.-

It will surely cross $1M over time And for this it just takes time.

We haven't even crossed the $100k goal yet, so thinking about something so far away and intangible is unrealistic. $1 million for a bitcoin sounds exciting and interesting but did you know that would bring bitcoin's market capitalization to $21 trillion? That is not a small number and not easy to achieve, we should consider and evaluate realistically instead of listening to the baseless predictions of experts out there.

As for bitcoin price prediction this year, of course the holders will win no matter who is elected but we have been waiting for 3 years and that is not a short time. If things continue to stagnate and drag on for much longer, I'm not sure how many people will get excited and hold bitcoin. So for me, the election results and their policies are really important for the market, so I hope the pro-bitcoin candidate wins.

Ricardo11

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Quote from: Strongkored on November 04, 2024, 02:54:30 AM

Bitcoin seems to be weakening in the first few days of November, but I just think the US presidential election is just a tool used to influence the market, and isn't that what we often see that current events are often used as reasons for Bitcoin to go down or up.
Who wins? Of course the holders because they will tend to ignore the negative news and just believe Bitcoin will still go higher

Although Bitcoin showed some weakness at the beginning of November, the US presidential election will start tomorrow, and this election will serve as a strong reason for the positive movement of Bitcoin's price. Although many are worried about who will win, the real winners will be the holders. Because if Trump loses in the US presidential election, we may see a negative movement of Bitcoin this year, but Bitcoin will definitely recover in the future. In 2025 we will definitely see a lot of growth in Bitcoin. Hence the investor should believe in long-term prospects. It will surely cross $1M over time And for this it just takes time.

Strongkored

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Bitcoin seems to be weakening in the first few days of November, but I just think the US presidential election is just a tool used to influence the market, and isn't that what we often see that current events are often used as reasons for Bitcoin to go down or up.
Who wins? Of course the holders because they will tend to ignore the negative news and just believe Bitcoin will still go higher

JeffBrad12

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Quote from: As-Soon-As on November 03, 2024, 05:53:07 PM

This month of November the bitcoin price showed a downward trend since the month of October was uptober that is why the price of bitcoin came chrome in the month of October. One of the reasons for this Bitcoin dumping is attributed to the election of Trump, as the election is coming up soon and there has been some violence in the election campaign which is usually blamed for dumping the price. However, there is a bit of a political touch to the current decline in Bitcoin, but this could be an opportunity to reinvest in Bitcoin. Since we are in a bull market it is most likely to pump again at any time as the current dumping will be more pumping.

indeed it might be very well be the case of selling at the news, as such thing has happened quite frequently, whenever an event that could strongly influence the price of BTC comes up, the price just going up slowly then dump when the event happened.

same thing in this case I guess, it could be that we are just accumulating for the next rally as pullback is to be expected.

but it also can be people are so anxious with election outcome that they can't help but sell BTC at relatively high price just in case.

either way I still think BTC still i the trajectory for bullrun, as it still doesn't go below $60k again.

Popkon6

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Quote from: As-Soon-As on November 03, 2024, 05:53:07 PM

This month of November the bitcoin price showed a downward trend since the month of October was uptober that is why the price of bitcoin came chrome in the month of October. One of the reasons for this Bitcoin dumping is attributed to the election of Trump, as the election is coming up soon and there has been some violence in the election campaign which is usually blamed for dumping the price. However, there is a bit of a political touch to the current decline in Bitcoin, but this could be an opportunity to reinvest in Bitcoin. Since we are in a bull market it is most likely to pump again at any time as the current dumping will be more pumping.

Bitcoin prices have only been dumping since the first of November, but you are right that Trump's election has had some impact on Bitcoin prices due to his rivalry and corruption. I realized this directly in a news, but if Trump wins the election, Bitcoin price will definitely go up a bit.

You can see the correlation of the dumping of bitcoin price on political issues: https://decrypt.co/289824/bitcoin-slips-trump-odds-plummet-liquidations

However, in November 2024, the price of Bitcoin will be under the control of investors, as investors can easily invest in Bitcoin. This 2024 Bitcoin price is very likely to touch the highest level of $80 thousand, and its impact will hit the highest level in 2025. And next time bitcoin price will pump more and make new record bitcoin price.

BABY SHOES

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Quote from: skarais on November 03, 2024, 04:52:22 PM

Quote from: BABY SHOES on November 03, 2024, 04:33:29 PM

I saw some tweets from Elon Musk saying the polls say Trump will win, some other news Kamala Harris will win... It's a different perspective but we don't know who will win yet because the election is coming up.
Since the last few days bitcoin has decreased this may be due to other negative news effects.

If Trump wins there is a possibility of bitcoin going up this month, I see in terms of Trump continuing to push bitcoin.

Regardless of who wins the presidential election, I think we should know what to do with these investments. Preparing everything from now on is certainly necessary, it is anticipation so that we don't miss the moment. If bitcoin goes down, then we should know what needs to be done, and vice versa. But I hope there aren't any really bad panic attacks this month regardless of who the winner is, every investor needs to consider a lot of things.

If Donald Trump wins then it's great if bitcoin continues to crawl... Because we have prepared bitcoin in advance by means of DCA.
Kamala won maybe some people said bitcoin went down ... No problem we can buy in certain situations because after the presidential election is not the determinant for the real bullrun.

But indeed with the US Election this time it still concerns bitcoin.

As-Soon-As

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This month of November the bitcoin price showed a downward trend since the month of October was uptober that is why the price of bitcoin came chrome in the month of October. One of the reasons for this Bitcoin dumping is attributed to the election of Trump, as the election is coming up soon and there has been some violence in the election campaign which is usually blamed for dumping the price. However, there is a bit of a political touch to the current decline in Bitcoin, but this could be an opportunity to reinvest in Bitcoin. Since we are in a bull market it is most likely to pump again at any time as the current dumping will be more pumping.

Topic: Bitcoin sentimental discussion for November - page 2. (Read 647 times)