Bitcoin soars to two-week high after Trump attack - page 2.

dzungmobile

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Quote from: kryptqnick on July 19, 2024, 06:00:35 AM

Bitcoin is rising, and so is the crypto market overall if we look at top cryptocurrencies. Whether it's related to Trump or not, it's good to see such a prompt recovery, following BTC sales by Germany and for Mt. Gox victims. Looking at the price chart and the date of the assassination attempt, it seems likely that growth was driven by the results of that event. However, it's not sustainable growth because people will get over the fact that Trump nearly got killed and that he presents himself as a pro-Bitcoin candidate, I believe.

Bitcoin market will move up or down in its own way. There are times it seems to be correlated with stock market, S&P500, gold, politics but in a long time, we see no absolute correlation.

The USA, China, Germany, El Salvador and any nation, is only catalyst for the Bitcoin market and its adoption. You can not stop a thing that is supported by people, not only in your nation but around the globe. You can not stop a decentralized thing like Bitcoin network.

It is designed to give people full control of their assets, with private keys and no ways for anyone to steal your bitcoin if they don't know your private keys.

https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d

kryptqnick

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Bitcoin is rising, and so is the crypto market overall if we look at top cryptocurrencies. Whether it's related to Trump or not, it's good to see such a prompt recovery, following BTC sales by Germany and for Mt. Gox victims. Looking at the price chart and the date of the assassination attempt, it seems likely that growth was driven by the results of that event. However, it's not sustainable growth because people will get over the fact that Trump nearly got killed and that he presents himself as a pro-Bitcoin candidate, I believe.

larry_vw_1955

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Quote from: Jating on July 19, 2024, 03:40:56 AM

So maybe Trump being elected again, could be the trigger point and also his stance on crypto seems to be very positive at this point although we can argue that it could be very different when he sits in January. What I'm saying is that he could be the in the news this November and if he win then it could trickle down not just in crypto but in all other assets like Stocks, and Gold and maybe we can see those market gaining because of him.

The democrats are pushing for Joe Biden to drop out of the presidential campaign it might be a done deal

Assuming Trump wins NOT A BIG ASSUMPTION do you really think he is going to repeal the rule that you have to pay tax on bitcoin even if you didn't convert it to fiat? No of course not. So nothing is going to change...

joniboini

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Quote from: larry_vw_1955 on July 18, 2024, 09:24:20 PM

i think he had his chance once and he dropped the ball. i don't know why he deserves a second chance.

There are probably no better candidates from his party. I mean he's quite popular, has decent supporters, and so on. Some of his decisions probably don't make sense but there's no way you'll nominate someone else if your party want the chance to win the election. Not to mention his opponent made some blunders too. I also agree that concluding his assassination attempt as one of the reason why we're pumping is a bit far-fetched.

Jating

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Quote from: larry_vw_1955 on July 18, 2024, 09:24:20 PM

i think he had his chance once and he dropped the ball. i don't know why he deserves a second chance.

It could be true, but come to think though, we are in a bull run, Bitcoin ETF has been dominating the news at the start of the year and it did push the market to a new all time high. Others says that it's already price-in so we need another positive news that could really trigger the market again post-halving.

So maybe Trump being elected again, could be the trigger point and also his stance on crypto seems to be very positive at this point although we can argue that it could be very different when he sits in January. What I'm saying is that he could be the in the news this November and if he win then it could trickle down not just in crypto but in all other assets like Stocks, and Gold and maybe we can see those market gaining because of him.

fuguebtc

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Quote from: larry_vw_1955 on July 18, 2024, 09:24:20 PM

... i don't know why he deserves a second chance.

I don't completely trust what he says and as in many previous discussions, we all agree that the words of politicians really cannot be trusted or that only part of what they say should be trusted. But I also don't see any reason not to give him a second chance, everyone has a second chance as long as they really realize their mistakes and are sincere. With his recent statements as well as choosing a vice president who is also a cryptocurrency advocate, he is trying to prove that he is serious about what he says. Second, the current government is quite harsh on cryptocurrencies and I think there won't be too much hope or positive changes if they continue to be in power.

Putting politics aside, I just look at the crypto factor and I will support someone who creates benefits for the crypto industry.
https://www.independent.co.uk/tech/trump-bitcoin-vance-pro-crypto-b2580495.html

Oshosondy

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Quote from: larry_vw_1955 on July 18, 2024, 09:24:20 PM

when he was president the first time. the IRS started making all those rules about how you had to pay taxes even if you didn't convert it to fiat. so his history is that he hasn't done anything to help people using crypto, bitcoin in particular. he's just sat by and let the IRS make all these rules. rules that hurt people using bitcoin.

i think he had his chance once and he dropped the ball. i don't know why he deserves a second chance.

But you can understand that politics is politics right? Trump can looked for ways to make sure that he wins Biden and become the next president of United States again. He will look for all ways to make sure that he can get there. He saw that cryptocurrencies has become mainstream which means people are into it. He then used it against Biden as he wants people that are dealing in cryptocurrencies to vote for him. I think his strategy is helping him as this has given him more chance to become the next president of United States. But as for the price rise, I do not see correlation of it to his assassination attempt.

avikz

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The attack on Trump has increased the chance of him being elected as a president once again! Also seeing a strong support on Bitcoin, Trump suddenly has started supporting it even though he was very negative about it during his first term. Not going deeper into politics, but people who are speculating about trump's president term will bring in some relief for the Bitcoiners in the country, that might not happen in reality! I will be personally very happy if we see a positive change towards Bitcoin in US, but still somewhat skeptical about it.

I am not sure whether he deserves a 2nd chance or not. But we are seeing a surge in right wing power all around the world. Trump is a known right wing supporter so I won't be surprised if he get elected for the 2nd term. The market might be soaring in speculation but cautious steps may needed.

larry_vw_1955

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Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion of cryptocurrency, winning the upcoming election.

https://www.reuters.com/technology/bitcoin-soars-two-week-high-after-trump-attack-2024-07-15/

when he was president the first time. the IRS started making all those rules about how you had to pay taxes even if you didn't convert it to fiat. so his history is that he hasn't done anything to help people using crypto, bitcoin in particular. he's just sat by and let the IRS make all these rules. rules that hurt people using bitcoin.

i think he had his chance once and he dropped the ball. i don't know why he deserves a second chance.

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