Topic: Bitcoin Trump Bump = ~7% (womp womp) - page 2. (Read 471 times)

Bitcoin rise 500% is Bitcoin been Bitcoin and has nothing to do with Biden
The situation of the nation then made many realised the beauty of Bitcoin.
Bitcoin exist in an environment, definitely it's price would be affected by changes in policy that affect the environment
But Bitcoin doesn't depend on any country to grow or survive.
If it did, it wouldn't had been called decentralized.

Personally consider this a red flag.

They will - maybe - create reserves of BTC, and of course - it's all promises, not actions in place.
We would be able to judge it only in the months or even years to come.

Some people are usually skeptical of the government and big companies investing in Bitcoin for fear of manipulating the market as they want. But the truth is that you cannot stop anybody from investing in the sector. Bitcoin is gradually moving to the level where institutions will hold more coins than individuals. The price increase will benefit us, but we might not escape the influence of these big investors.        

Trump never promised to make Bitcoin a legal tender just as in the case of El Salvador. Every President of the US will want the dollars to maintain its global dominance. And I don't also think that any government will want its financial system to be controlled by a decentralized currency. They will want to be in control and Bitcoin will not give them such priviledage.        

Do you think Trump saying things about making BTC "US-made" just says about his ignorance and lack of knowledge, or some other intent in place?

I hope that people understand what is realistic and what is not, i.e. believing that the U.S. will make BTC a legal tender because Trump is president is being unrealistic and a tad delusional. The U.S. with its currency as the world's reserve currency will never make another currency a legal tender, and surely not BTC.

There is only little a centralized institution can do for the benefit of a decentralized network, that should be understandable to everyone by now i guess.

I totally agree.
It may be corrected a bit if there would be a different outcome, but if not for Trump - there would definitely be something that would change the situation in the same way.
The result is we came to the same conclusion earlier.

Yep. A new reality is in place - and we should see it in full swing and reap the pros that come with it.
I do not think the current President will go and deliver on all of his promises, but some of them - maybe, maybe.

The more time passes - the more countries will try to adopt the BTC and reap the benefits from it.
And it's natural - BTC becomes more and more influential in many things.

Yeah, it's inevitable at some point, because the more BTC is adopted overall, the more bigger entities will be interested in it. And to use it and acquire it.

Unfortunately it's almost impossible if you want to prevent government to acquire and hold Bitcoin

You must trade Bitcoin with people who're not related to government, trade via online make us never know who're the one we trade, however trading via face to face not necessary mean we're not trade with people who work in officials.

So, it's not possible to adapt to survive, but if we trade our coins through DEX or No KYC P2P, it decrease the chance our coins will belong to them, since the government mostly use CEX specifically Coinbase.

I agree because Bitcoin market is globally, not nationally in a single country. But big countries like China, USA and their policy changes can have impacts on Bitcoin market and price. People on the market will react naturally to policy changes in these big countries and it won't change in future too.

In long term Bitcoin will grow more with many more new presidents in USA and their different policies on this market, but Bitcoin is unstoppable in my opinion.

Accumulation phase finished and resistance must be broken for Bitcoin to break out. 8 months for accumulation phase is like enough, and Bitcoin only waits for a big news for example in this case the new President in the USA, and it's good that he said that he will support Bitcoin and cryptocurrency market.

Without Trump, Bitcoin will have other reasons to break out, so this break out days ago was not only because of Trump.

He was elected when we are about to start the bull run, so it make sense that the price will have to pump. Of course, market is free, but it will be good and open wide if he was very friendly to it. However, they have a hard line stance specially in the last 2 years.

And I would assume that you have heard about, Operation Choke Point 2.0: How U.S. Regulators Fight Bitcoin With Financial Censorship


But you have to admit though that the price did pump after Trump winning the Presidency. I will agree though that his government will not force the Americans to buy Bitcoin or crypto. That is not the point of being crypto friendly, the point is that somewhat Bitcoiners can freely buy in any crypto exchanges.


Every administration has his own policy, and it's very controversial changes in the US economy. But let's see how it goes for him. There is already risk as the US is still trying to recover and every country for that matter. But as President, he will do anything in his power to chance the US.

Do you have any way to prevent that from happening? Just like bitcoin ETFs are buying bitcoin every day and today alone Blackrock bought over $1.1 billion (14k BTC). Do you have any solutions and what should we do to stop institutions and governments from getting interested in bitcoin?
We often say bitcoin is for everyone, we are free to buy and hold bitcoin and will sell when we have enough profit. But ironically, we complain and criticize people who buy too much bitcoin. Do we have the right to do so and what guarantees that if we had a lot of money and were in their shoes, we would never be like them?

I'm not saying that government holding a majority of bitcoin is a good thing but it's not necessarily a bad thing either because everything has its pros and cons. I think it's better to find ways to adapt to survive than to complain about things we can't change.

Reasonable

It's very strange that you've only just learned about these facts. Do you really believe what Trump says? He's nothing more than a populist who's madly greedy for power. If I'm not mistaken, there are 91 criminal cases against him. In the entire history of America, there has never been a president who had such a set of cases. So who are all these people who elected a criminal to head the state? Oh, it seems to me that they are exactly the same. I can say with confidence that nothing good awaits the crypto sphere with this old man. He will very soon fall into senile dementia and things will be very bad for everyone. You'll see.

I wasn't really following the process and the campaign of current US election, but when the end results came, I can't ignore the news so I try to find out, especially all the crypto related policy promised by both candidates. In my opinion the current US election climate is more nuanced and not quite an endorsement for stability. The market reactions this far tend to be indicative that the policy posture of Trump, with a possibility for laying trade tariffs and immigration reform, might further sustain inflationary pressures and supply chain disruptions. For this, investors may take notice and change positions both in traditional assets and cryptocurrencies such as Bitcoin. In light of the key position taken by Bitcoin as an inflation hedge, these actions could actually increase its demand. Contrary to the assumption that a Trump win would hold no weight of great importance to Bitcoin.

Historically, elections add a layer of volatility and may influence a shift in sentiment. That had been the case in the previous years, when both the S&P 500 and Bitcoin tended to be up after elections. A win by Trump could be a replay of the post-election rally of 2016, propelled by business-friendly policies. However, extended turmoil or uncertainty over his policies would keep Bitcoin more volatile. While Bitcoin has remained accessible, therefore, any economic policy change in the United States, whoever the president might be, is still likely to continue its influence on investor psychology within the given sector.

Although US government and its decisions affect bitcoin price but the market never depended on US and that is not about to change.
Bitcoin first went to $74k back in March 2024. And we tested $70k+ multiple times over the past couple of months (at least 6 times), last time was before US election on October 29.
The current rise is nothing new either even though it's an ATH and could even lead to much bigger rises because the resistance is broken not because some convicted felon became US president!

The bigger risk is more isolation of United States!
This time US is not going to run a tariff war alone, they are forcing others to do it as well specially Europeans (that are more like slaves than allies for US). But can others follow? The chances are low. For example UK as well as France are already making deals with China! Germany can not even survive without China at this point, specially since the deindustrialization still continues (eg. the German automotive industry that keeps shutting down and shrinking/migrating to China).

Bitcoin was around $68k before Trump's victory and is currently around $76k and I think that is certainly a significant jump in bitcoin's price.
Obviously we can't expect it to double overnight as things take time and it needs a huge amount of inflow of money to pump bitcoin's price.
It's just the beginning I believe and let's wait a few weeks to see if there's a huge impact of Trump's victory.

This would turn into the biggest shit show if 4 years later the new President decides it was a bad idea and sells it off.  I am happy to see a President supporting Bitcoin, but could this not have grave consequences?  Even the ides itself of The United States holding a chunk of the total Bitcoin Supply is kind of creepy to me.

In a five year and I want to see after trump get elected how much percentage that trump give to the number heck Im not really care about the president since Im not US Citizen I do like only to president of uS that crypto friendly to the Crypto community.

Well after he get elected Bitcoin proven to created new ATH