BTC will go back to $30k if Kamala wins

fulcare

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Quote from: Abiky on October 28, 2024, 01:58:42 PM

I predict BTC will go down as low as $30k if Kamala Harris wins the US presidential race. Some would say BTC will rise regardless of whoever wins in November. But this time is different. Especially when the world considers Trump a favorable US president for the crypto industry. His remarks about freeing Ross and firing Gary Gensler are extremely-bullish for BTC. Losing the presidential race (which I seriously doubt) will be a huge letdown for crypto industry proponents. Right now, BTC "pumped" all the way to $68k in anticipation of this year's elections. But the hype could fade away if Kamala miraculously wins.

What do you think will happen with Bitcoin's price after the US elections? Will either candidate's win have a direct effect over Bitcoin's market price? Your input will be greatly appreciated. Thank you very much.

Too bad we will now never find out based on real data whether your prediction was nonsense or not. But your prediction hasn't been very convincing anyway. I don't see how the election of Kamala Harris would have wiped out 60% of Bitcoin's market capitalization... China tried to ban it, nothing happened, Biden is the president that is nowhere to be seen and nothing happened even when he said he would prefer a more tougher stance against Bitcoin. Now you conclude that the election of Kamala Harris would have wiped out 60% of its value. What's the logic behind that?

LUCKMCFLY

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Quote from: Popkon6 on November 03, 2024, 08:49:54 PM

Bitcoin dipped as low as $67,569 on Sunday, its lowest point in a week, data from

Its latest slip comes as self-proclaimed crypto candidate, former President Donald Trump, faces fresh warning signs ahead of Election Day on November 5.

Fortunately Trump won and it is a fact that the price went up a lot, so much that it reached a new ATH , and be Careful , because it can go much higher , by 2025 it will be another level , we will expect very high price levels, because this has caused a stir in the markets, a great degree of optimism for everyone, so this means that from now on we have verything best to do , I Personally am in favor of the new US government giving a full welcome to the USA , for me the USA will be a totally Bitcoiner country , there is no doubt about that , and thanks to Trump.

Sexylizzy2813

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Quote from: Shishir99 on November 06, 2024, 10:15:13 AM

Quote from: Sexylizzy2813 on November 05, 2024, 09:49:56 PM

We should also know that just because a certain individuals do not talk about Bitcoin doesn't mean they don't like it and it maybe the other way round, now some are seeing Kamala as a villain on Bitcoin but what "if" Kamala wins the election and start speaking more about it like in a positive way than we all expected? Things doesn't happen the way we want, like you said is a speculation and it should remain that way. And I don't think the election will affect the market price, but some might not see it that way, that's when Bitcoin price start raising to a new ATH they'll say is the cause of the election and all that, let's not use the election at hand to judge the movement of the market.

It seems we already got the result and the market is really positive this time. BTC already made another All time high. As we can all see, the election affected the market. But this time in a positive way because of the result. If Kamal harris had more chance to win the election, probably we would have seen a different move today.

As long as everything is positive, I am okay with that. I hope now Trump won't turn 360 degree after the election result. He had history of speaking against Bitcoin. So, It won't be surprising if Trump start to trash talk about Bitcoin in the upcoming days. He already won the election and there are nothing much to lose.

Is really surprising how some of you guys sees Kamala as the bad egg to slow Bitcoin price to even bring it down. I don't see it that way but is really nice to see the price to get past the ATH and bringing a new ATH, I wish it continues to go higher before the end of this week, $75k for now and it should hit $80k before the end of this month and hopefully this month will end in a productive fashion. If Trump have his way of speaking ill about Bitcoin I think he would have done so even before the election but since he's ok with Bitcoin and he has won the election let's expect something positive.

Shishir99

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Quote from: Sexylizzy2813 on November 05, 2024, 09:49:56 PM

We should also know that just because a certain individuals do not talk about Bitcoin doesn't mean they don't like it and it maybe the other way round, now some are seeing Kamala as a villain on Bitcoin but what "if" Kamala wins the election and start speaking more about it like in a positive way than we all expected? Things doesn't happen the way we want, like you said is a speculation and it should remain that way. And I don't think the election will affect the market price, but some might not see it that way, that's when Bitcoin price start raising to a new ATH they'll say is the cause of the election and all that, let's not use the election at hand to judge the movement of the market.

It seems we already got the result and the market is really positive this time. BTC already made another All time high. As we can all see, the election affected the market. But this time in a positive way because of the result. If Kamal harris had more chance to win the election, probably we would have seen a different move today.

As long as everything is positive, I am okay with that. I hope now Trump won't turn 360 degree after the election result. He had history of speaking against Bitcoin. So, It won't be surprising if Trump start to trash talk about Bitcoin in the upcoming days. He already won the election and there are nothing much to lose.

rimoeee

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Yes, the victory of Trump has already shown a positive effect because the community wants Trump, and his policies and regulations will encourage investors to invest but I don't think bitcoin would have reduced to $30k if Kamala would have won because she hasn't made any public statements against cryptocurrency so we can't be sure of that.

Jewan420

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The impact of the US election has already been noted on the Bitcoin market. While Trump's victory is almost certain, Bitcoin has already managed to make a new ATH. The price of Bitcoin could rise further after the election results are released or we are going to see a big hit in a few days, maybe that hit $100k or more.

Incidentally, if Kamala Harris wins the US presidential election, I would like to keep the prediction that Bitcoin can fall below $30k as a prediction, because the reality of this prediction is not possible at all. You can say that because of the negative publicity of Kamala Harris, the Bitcoin market may be slightly depressed, so saying that Bitcoin will lose 60%-65% of its value depending on the individual is not easy for me to accept.

Sexylizzy2813

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Quote from: Shishir99 on November 03, 2024, 04:50:04 AM

Quote from: Sexylizzy2813 on November 02, 2024, 10:46:26 PM

Moving to $30k is like killing the hope of investors not only put them in a panic level, investors are expecting something more productive and not for BTC to drop to that amount, it doesn't make sense and it will trigger many to sell when they never planned on selling. Is never possible for Bitcoin to hit $30k, I some how agree with you but anything can happen because who would have thought that this month (if I'm not mistaken) would get us close to the ATH and even to a new one? You never can tell what will happen next but that dump to $30k, I'm not too confident it will.

I also do not think a single election result could make that massive change in the market. I understand that investor may lose their confidence by the fear that Kamala may ban Bitcoin, but that is another speculation and we should not be worried just because of that. I never heard something like that Kamala may ban Bitcoin while some people are saying that Kamala does not like Bitcoin.

I don't think the US is corrupted like 3rd would countries. A Political change won't affect their entire economy like other countries. When it comes to Bitcoin, It has a different userbase, and investor base. I want to believe that even if the election affects the market, we won't go down below 50K this time.

We should also know that just because a certain individuals do not talk about Bitcoin doesn't mean they don't like it and it maybe the other way round, now some are seeing Kamala as a villain on Bitcoin but what "if" Kamala wins the election and start speaking more about it like in a positive way than we all expected? Things doesn't happen the way we want, like you said is a speculation and it should remain that way. And I don't think the election will affect the market price, but some might not see it that way, that's when Bitcoin price start raising to a new ATH they'll say is the cause of the election and all that, let's not use the election at hand to judge the movement of the market.

coolcoinz

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Quote from: Abiky on October 28, 2024, 01:58:42 PM

(...) But this time is different.

Do you know how many times I heard someone say this? I've seen 3 bear markets and this is my third bull market and every time people say this that the last bull was the end and there will never be another.
Bitcoin Started under Obama - a Democrat
Then there was a Republican and another Democrat and each time we had a bull market after the election!
It doesn't matter who wins, there will still be a bull market.
It's going to be stronger if the president supports cryptocurrencies, like Trump does, but Harris isn't going to ban bitcoin in the US.

Also, if you say it's going to go to $30k it's like you don't know anything about the current support levels. They changed by a lot since the ETFs launched.

el kaka22

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This is obviously wrong, but all arrows are showing that Trump will win, which is why I do not think that we are going to not end up with learning what Kamala would have done. So you could say that if she won, then price would be 30 dollars, or 30 million dollars, it doesn't matter what you say as long as you never learn the truth.

It's clear that we are on a tight race so nothing is done yet, we could of course see her victory as well, nobody can know the result, but it's obvious that we are going to have trouble with these type of words on the other side then. If Kamala ends up winning, then people will say if Trump won it would have been 30 dollars, and some other 30 million and they will battle, people just like hating each other.

EarnOnVictor

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Quote from: cvpt on November 04, 2024, 08:19:19 AM

Quote from: Abiky on October 28, 2024, 01:58:42 PM

I predict BTC will go down as low as $30k if Kamala Harris wins the US presidential race. Some would say BTC will rise regardless of whoever wins in November. But this time is different. Especially when the world considers Trump a favorable US president for the crypto industry. His remarks about freeing Ross and firing Gary Gensler are extremely-bullish for BTC. Losing the presidential race (which I seriously doubt) will be a huge letdown for crypto industry proponents. Right now, BTC "pumped" all the way to $68k in anticipation of this year's elections. But the hype could fade away if Kamala miraculously wins.

What do you think will happen with Bitcoin's price after the US elections? Will either candidate's win have a direct effect over Bitcoin's market price? Your input will be greatly appreciated. Thank you very much.

I hope you´re right so I can buy more

Hahaha...that's a good and unapologetic answer, I love it. Unfortunately, this is not possible, this is because Kamala is not an anti-crypto person, so why would Bitcoin fall to $30k just because she wins? She is even too full of life, busy and humane to clamp down on Bitcoin and others, her government will only continue to regulate the world of cryptocurrency and I am 100% in support of that. Otherwise, the illegality will be too much and I wonder how that stands to benefit the world.

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Quote

What do you think will happen with Bitcoin's price after the US elections? Will either candidate's win have a direct effect over Bitcoin's market price? Your input will be greatly appreciated. Thank you very much.

I think market has own flow and normal fluctuations always. I think mews has always make an impact on the financial market like as crypto market. Crypto has own flow and own technical movement. So we can expect it goes normally. However news alway can make an impact which we have observed on the past and recently we have seen a huge positive movement by btc after Trump said positively about btc. So it can be easily said USA election can make some different for short term. Not only crypto market but also we can see the impact on the all financial market. We may see huge movement after result come. So waiting for the result. Let's see how its move.

BALIK

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Quote from: Shishir99 on November 05, 2024, 03:24:13 AM

Quote from: DiMarxist on November 04, 2024, 12:16:03 PM

Yes they are speculation of the market. And today and tomorrow Bitcoin will hit $64k and if care is not talking, bitcoin will hit $56k in tomorrow night and it will reduce to $50k this week and after the election. Before bitcoin price will rise again. As it is the price has started coming down. This morning the price was $69k but now it is $67500.
And since it is a speculation, let's see what will happen after the election tomorrow.

We are very close to the result. Probably we have to wait less than 24 hours from now on. We are going to 69K again. If Trump wins, and if the Bitcoin market is really going to change based on the election result, then can we expect 80K this month? I expect 80K this month if Trump wins and we can get the result in a couple of hours. As we know, the country is too big and it will take some time to compile the entire result. Let's wait for the result.

Final results and official announcement of the election will be made in December when the electoral college voting and counting are complete. But we will know the results soon after 1 or a few days when the popular vote ends because the electoral votes are counted based on the popular vote.

From what I have observed, bitcoin price has been quite volatile over the past few days and has correlated with support for Trump. The price dropped below $68k 2 days ago and that was also when Trump's support dropped. But today the price suddenly rose back above 69k and coincidentally according to some reports, support for Trump increased again.
I think there will be a lot of volatility on election day but at the end of the day, bitcoin volatility may somewhat reflect the outcome of the election. So let's wait and see how Bitcoin performs in the next 24 hours.

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Quote from: Shishir99 on November 05, 2024, 03:24:13 AM

We are very close to the result. Probably we have to wait less than 24 hours from now on. We are going to 69K again. If Trump wins, and if the Bitcoin market is really going to change based on the election result, then can we expect 80K this month? I expect 80K this month if Trump wins and we can get the result in a couple of hours. As we know, the country is too big and it will take some time to compile the entire result. Let's wait for the result.

Yes, we are almost close to the results and soon we will see the results. If Kamala Harris wins the election I also think bitcoin price will drop but I don't think bitcoin will be 30k. Yes, Bitcoin could hit 80k this month if Donald Trump wins the election. However many have made predictions in different ways, all can only guess but no one can predict Bitcoin accurately. Now let's see who wins the election.

Shishir99

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Quote from: DiMarxist on November 04, 2024, 12:16:03 PM

Yes they are speculation of the market. And today and tomorrow Bitcoin will hit $64k and if care is not talking, bitcoin will hit $56k in tomorrow night and it will reduce to $50k this week and after the election. Before bitcoin price will rise again. As it is the price has started coming down. This morning the price was $69k but now it is $67500.
And since it is a speculation, let's see what will happen after the election tomorrow.

We are very close to the result. Probably we have to wait less than 24 hours from now on. We are going to 69K again. If Trump wins, and if the Bitcoin market is really going to change based on the election result, then can we expect 80K this month? I expect 80K this month if Trump wins and we can get the result in a couple of hours. As we know, the country is too big and it will take some time to compile the entire result. Let's wait for the result.

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Quote from: Marvell1 on November 02, 2024, 12:34:53 AM

That will never happen, bitcoin cannot exist and thrive if it is separate from the economy, separate from the world's money flow...and all of this is run and controlled by politicians. So the expectation that bitcoin would be independent and free from any government influence was non-existent from its inception.

I don't know if there will be a bitcoin dump if Trump loses like you said. But "dumping" is a very familiar part of this market and we have seen thousands of "dumping" before, you can stand firm until now, why are you afraid now?

Of course not. Centralizing forces have ruined Bitcoin's ability to establish true change over our society. Same as the Internet. It once started well, only to be ruined by greedy corporations and governments alike. Now Bitcoin is directly tied to the centralized financial system. Something Satoshi meant to avoid in the first place. Considering that the US leads the global economy, anything good or bad happening to it will have a direct impact over BTC's market price.

Like I've said, a Trump loss will give a bad image to the crypto industry. Especially when he touted himself as the "pro-crypto President". The world will think Bitcoin lost if Kamala wins the race. Although you and I know BTC still manages to rise from the ground up no matter the circumstances. The negative effects will only be short-lived. I'm only afraid that American citizens will face further restrictions/limitations with an administration that's against all things crypto/Blockchain tech. That's what's happening now with the Biden/Harris administration. A Kamala presidency will only bring continuity to this nightmare. Only Trump will guarantee freedom and innovation within the country. At least, that's how I see it.

STT

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The price is definitely acting differently as of the last few weeks. You can see how it looks from this very small clip of the chart, it fits in the tiny gap between the old range and possible ongoing resistance overhead matching the old ATH.

Very constricted range in conclusion every week even if attempts have been made to break out upwards or merely trade back down again its resolved back to end the week as it started a few times now. The election result and traffic mid week with volume might be enough to decide price direction for the rest of the year. I doubt a great surge either way though.

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Quote from: BITCOIN4X on November 04, 2024, 01:31:30 PM

Quote from: retreat on November 04, 2024, 12:14:56 PM

It is too much to think that Bitcoin will fall below $30k just because Kamala won the US election, because the effect of the US election on the price of Bitcoin is not so much that it will make Bitcoin rise significantly or fall to the lowest point. It is true that if Kamala wins, there will be many investors who are pessimistic about the future of Bitcoin in the US, and that might affect the price of Bitcoin, but it will not make the price drop very deep, at most only 1-2% - because of the effect of investors selling their Bitcoin, but after that the market will probably recover again. So there is no need to worry if Kamala wins, because even though there is an effect on the Bitcoin market, it is not very significant.

Kamala is known as a presidential candidate who does not support bitcoin, so a 1% to 2% correction is completely out of context. I mean a bigger correction for example 10% could be expected if Kamala wins the election, for me that's normal because of investors' pessimistic attitude towards her. But anything can happen, bitcoin can move up, sideways or down regardless of who wins the election.

But I just hope that November won't disappoint. Bitcoin should be able to recover this month and rise to hit its new ATH, but many investors are starting to show concern that the market has seen selling pressure in recent days.

The 1% - 2% correction is normal but not significant because we often see bitcoin correction of more than 5% just because of the negative news effect before the US election.

Maybe I will believe if for example Kamala wins then bitcoin to $50K again because this is a deep enough correction, but believe about the recovery after that even though investors are pessimistic about the future of bitcoin in the US, but remember this will not be avoided investors in the US will still exist.

Is it possible that this is because the effect of candidate electability is getting tighter? If for example Trump wins then the possibility of bitcoin recovering in our favor.
Hope that's the case.

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Quote from: retreat on November 04, 2024, 12:14:56 PM

It is too much to think that Bitcoin will fall below $30k just because Kamala won the US election, because the effect of the US election on the price of Bitcoin is not so much that it will make Bitcoin rise significantly or fall to the lowest point. It is true that if Kamala wins, there will be many investors who are pessimistic about the future of Bitcoin in the US, and that might affect the price of Bitcoin, but it will not make the price drop very deep, at most only 1-2% - because of the effect of investors selling their Bitcoin, but after that the market will probably recover again. So there is no need to worry if Kamala wins, because even though there is an effect on the Bitcoin market, it is not very significant.

Kamala is known as a presidential candidate who does not support bitcoin, so a 1% to 2% correction is completely out of context. I mean a bigger correction for example 10% could be expected if Kamala wins the election, for me that's normal because of investors' pessimistic attitude towards her. But anything can happen, bitcoin can move up, sideways or down regardless of who wins the election.

But I just hope that November won't disappoint. Bitcoin should be able to recover this month and rise to hit its new ATH, but many investors are starting to show concern that the market has seen selling pressure in recent days.

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Quote from: retreat on November 04, 2024, 12:14:56 PM

It is too much to think that Bitcoin will fall below $30k just because Kamala won the US election, because the effect of the US election on the price of Bitcoin is not so much that it will make Bitcoin rise significantly or fall to the lowest point. It is true that if Kamala wins, there will be many investors who are pessimistic about the future of Bitcoin in the US, and that might affect the price of Bitcoin, but it will not make the price drop very deep, at most only 1-2% - because of the effect of investors selling their Bitcoin, but after that the market will probably recover again. So there is no need to worry if Kamala wins, because even though there is an effect on the Bitcoin market, it is not very significant.

If Kamala Harris wins, it will change the US leadership as well as the world economy. Although Kamala Harris has not made any direct accusations against crypto, there is no way to say that she looks very favorably on Bitcoin. But the complete opposite of this has been revealed in Trump's election campaign. If Trump comes to power, the situation in the United States will definitely improve and people's interest in crypto will grow more widely in the world.

Regardless of the outcome of the election I also don't believe that Bitcoin will be able to go back to its previous state but the confidence of the market investors has built up that Bitcoin is temporarily bearish but will be bullish again in a very short time. If for some reason Kamala Harris comes to power then Bitcoin loses its value, there is no chance that it will last long. The halving effect that is likely to happen in 2025 will certainly have a major impact on the crypto market.

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Quote from: Shishir99 on October 29, 2024, 06:10:57 AM

Quote from: Abiky on October 28, 2024, 01:58:42 PM

I predict BTC will go down as low as $30k if Kamala Harris wins the US presidential race. Some would say BTC will rise regardless of whoever wins in November. But this time is different. Especially when the world considers Trump a favorable US president for the crypto industry. His remarks about freeing Ross and firing Gary Gensler are extremely-bullish for BTC. Losing the presidential race (which I seriously doubt) will be a huge letdown for crypto industry proponents. Right now, BTC "pumped" all the way to $68k in anticipation of this year's elections. But the hype could fade away if Kamala miraculously wins.

These all are just speculations, right?
I am wondering if Trump ever said that he would release Ross Ulbricht and Fire Gary! Do you guys have any source of news? Or is it just another speculation? I don't think Bitcoin will go down to 30K if Kamala Harris wins the US election. I do not want to believe that a single election can change everything. If the election affects the market, we may go down to 50 or 45K. But I would still support Kamala Harris this time even though Trump has more chance to win this election. Bitcoin does not need these cheeky politicians.

Yes they are speculation of the market. And today and tomorrow Bitcoin will hit $64k and if care is not talking, bitcoin will hit $56k in tomorrow night and it will reduce to $50k this week and after the election. Before bitcoin price will rise again. As it is the price has started coming down. This morning the price was $69k but now it is $67500.
And since it is a speculation, let's see what will happen after the election tomorrow.

Topic: BTC will go back to $30k if Kamala wins (Read 1100 times)