BTC will go back to $30k if Kamala wins - page 3.

Glen Hoddle

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Quote from: cabron on November 02, 2024, 10:49:39 AM

Quote from: STT on November 02, 2024, 10:06:21 AM

Quote

Do you know how bad will it look for BTC and other coins if Trump loses?

I really don't think it matters if Trump loses or not, he isnt that technology based personally and I don't believe he represents anything individual to crypto overall.
He said alot of promises to many people across a whole range of subjects and sectors of industry, the coal miners no doubt also think he is going to help them. Coal is more relevant because its location based but BTC isnt, he doesn't have that control.

I can remember shorting the market overall upto the 2016 Trump win. It did actually help me out by falling on the news of his win, then it rose alot but I was able to close out my negative trade and gain overall from the market being bullish on his various policies. I dont rate BTC like I would other parts of the market, BTC reacts to USD strength so thats the closest I would place all of this speculation directly.

Lets be honest Trump is not going to lead some revolution for tech that would somehow be suppressed with another candidate, government wants tax revenues they'll promote any business growth thats out there I presume neither is stupid enough to stand in the way seriously. BTC wont be stopped by one country anyhow.

I don't think there will be an uptrend if Kamala wins knowing she hasn't mentioned anything regarding BTC. She was just saying things about BTC but that was because Trump was up for it. She was just trying to win the crypto community but nothing special has been promised from her mouth.

However, I wouldn't believe the price will dip below $30k gain if Kamala wins unless their policy changes into more hostile to crypto to which Biden's policy is already hostile.

I neglected to mention this earlier, since the current time is a precursor to the start of a bull run, it would be foolish for BTC to dump like this at this time. And we have to resist this kind of bad news, because it scares investors. So it's never possible for Bitcoin price to move to 30 at the current time.

cabron

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Quote from: STT on November 02, 2024, 10:06:21 AM

Quote

Do you know how bad will it look for BTC and other coins if Trump loses?

I really don't think it matters if Trump loses or not, he isnt that technology based personally and I don't believe he represents anything individual to crypto overall.
He said alot of promises to many people across a whole range of subjects and sectors of industry, the coal miners no doubt also think he is going to help them. Coal is more relevant because its location based but BTC isnt, he doesn't have that control.

I can remember shorting the market overall upto the 2016 Trump win. It did actually help me out by falling on the news of his win, then it rose alot but I was able to close out my negative trade and gain overall from the market being bullish on his various policies. I dont rate BTC like I would other parts of the market, BTC reacts to USD strength so thats the closest I would place all of this speculation directly.

Lets be honest Trump is not going to lead some revolution for tech that would somehow be suppressed with another candidate, government wants tax revenues they'll promote any business growth thats out there I presume neither is stupid enough to stand in the way seriously. BTC wont be stopped by one country anyhow.

I don't think there will be an uptrend if Kamala wins knowing she hasn't mentioned anything regarding BTC. She was just saying things about BTC but that was because Trump was up for it. She was just trying to win the crypto community but nothing special has been promised from her mouth.

However, I wouldn't believe the price will dip below $30k gain if Kamala wins unless their policy changes into more hostile to crypto to which Biden's policy is already hostile.

STT

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Quote

Do you know how bad will it look for BTC and other coins if Trump loses?

I really don't think it matters if Trump loses or not, he isnt that technology based personally and I don't believe he represents anything individual to crypto overall.
He said alot of promises to many people across a whole range of subjects and sectors of industry, the coal miners no doubt also think he is going to help them. Coal is more relevant because its location based but BTC isnt, he doesn't have that control.

I can remember shorting the market overall upto the 2016 Trump win. It did actually help me out by falling on the news of his win, then it rose alot but I was able to close out my negative trade and gain overall from the market being bullish on his various policies. I dont rate BTC like I would other parts of the market, BTC reacts to USD strength so thats the closest I would place all of this speculation directly.

Lets be honest Trump is not going to lead some revolution for tech that would somehow be suppressed with another candidate, government wants tax revenues they'll promote any business growth thats out there I presume neither is stupid enough to stand in the way seriously. BTC wont be stopped by one country anyhow.

laijsica

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Kamala Harris is a Democratic presidential candidate which will put her ahead in the polls and this is becoming more and more clear as time goes on. Bitcoin price has crossed ATH this year while Biden from the Democratic Party is in president. I think that Bitcoin price is increasing due to the impact of the US election, this is not true to a large extent. The pumping or dumping of price in the market may be a normal process which can affect investors but no matter who becomes president through the US election there will be no significant change in US policy.

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Quote from: Abiky on November 01, 2024, 07:40:35 PM

I would've wished Bitcoin performed independently from politics or mainstream events. But it's too late for that. Especially when centralization dominates the industry. It's now worse with the approval of Bitcoin spot ETFs. Trump is in the headlines as the ideal candidate to move the crypto industry forward. Do you know how bad will it look for BTC and other coins if Trump loses? Investors will get disappointed and "dump" their coins, albeit for a short period of time. Mainstream media will quickly link Trump's loss to crypto's loss in the US. As simple as that.

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?

Quote from: Abiky on November 01, 2024, 07:40:35 PM

No matter how much we want to deny it, Bitcoin is still tied to the USD. After all, it's the world's reserve currency. So anything bad happening in the US (either the economy or politics), will have a direct impact over Bitcoin's market prices. At least we know BTC will survive thanks to the way it was designed. $100k per BTC is inevitable. Just take advantage of the dip (if it happens) and carry on with your life as usual.

I support Trump too but we need to be realistic: there is no guarantee that Trump will make the US economy and the world better and vice versa for Harris. So whoever gets elected we should hope that they can push the economy forward, then the future of bitcoin will be secure.

Abiky

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Quote from: STT on October 31, 2024, 06:39:50 PM

Ignore the election for timing and definitely disregard politics as foundation for any projected price estimate or trajectory. All those talking heads are nothing as important as the real power in any country which is the people.

I like to think of Bitcoin of doing some good in the world and helping unwind some of the nonsense, most easily identified as centralization of power. As that could easily lead to failure its a good thing regardless of opinions for or against its a more unstable world if we cling to just one central pillar as a source of strength.

So will BTC go back to 30k is a general question, I wouldn't blame one person for it or one event in just one country. BTC shouldn't be vulnerable in that way if it can be said to be strong at all. Is BTC able to halve at this point easily is probably how I would phrase the question, my first guess its not going to happen at this juncture. I would only think of 30k at the very end of a negative bear cycle, not just this years news event etc.

I would've wished Bitcoin performed independently from politics or mainstream events. But it's too late for that. Especially when centralization dominates the industry. It's now worse with the approval of Bitcoin spot ETFs. Trump is in the headlines as the ideal candidate to move the crypto industry forward. Do you know how bad will it look for BTC and other coins if Trump loses? Investors will get disappointed and "dump" their coins, albeit for a short period of time. Mainstream media will quickly link Trump's loss to crypto's loss in the US. As simple as that.

No matter how much we want to deny it, Bitcoin is still tied to the USD. After all, it's the world's reserve currency. So anything bad happening in the US (either the economy or politics), will have a direct impact over Bitcoin's market prices. At least we know BTC will survive thanks to the way it was designed. $100k per BTC is inevitable. Just take advantage of the dip (if it happens) and carry on with your life as usual.

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Quote from: Wiwo on October 28, 2024, 02:32:48 PM

Why do we depends the price of bitcoin on the upcoming US election and who become the winner of this elections, and also why do we make it look as if one candidate is for bitcoin and the other against or anti bitcoin, let us all excesise patience to be able to identify what government policies that who ever become the president of United states comes up with and how that policy reflect on bitcoin.

Yes, that's right. I'm also confused as to why many people always associate bitcoin with the US election? As if if a certain pair wins then bitcoin will strengthen and vice versa. Don't we here believe that bitcoin cannot be controlled by any entity or group? So stop associating bitcoin with the US election, even though every presidential candidate supports bitcoin or does not support bitcoin, it's because they are only trying to get votes in the upcoming election. In reality, no matter how many US elections have been held, bitcoin continues to grow and its community continues to grow.

So don't be fooled by the US election about bitcoin, even though it has an effect, it is only for the short term. because it must be admitted that the influence of the US election on bitcoin, because the United States is a superpower, in the United States there are many large funding companies and every election period in the United States the budget is always increased. But in general whoever wins later bitcoin will remain strong, especially since we are in a period approaching a bull run.

STINKYBEE

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

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?

there's definitely a funny amount of optimism and bias when it comes to the US election but i don't think the winner effects on Bitcoin price in the long term, there may be some price swings as a result of election but that will just kinda short term noise.

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Quote from: Abiky on October 31, 2024, 09:38:32 AM

Yes. I'm aware of that. But like I've said, this time it's different. Especially when Trump has been frequently labeled as the "pro-crypto President". No other candidates before him has even mentioned or expressed their support of Bitcoin and the whole crypto industry (as far as I'm aware). Therefore, a Trump loss would mean a huge loss for the crypto industry in the US. At least, that's how the world will see it.

I'd say Bitcoin declining to $30k after a Kamala win is a high possibility. It will only be for a short period of time. If you're one of those who missed buying BTC cheaply, this would be the perfect opportunity to grow your stack of coins before the big "pump". It might never go back to such prices again. Whatever happens, rest assured Bitcoin won't be going anywhere soon. Cheesy

Normally elections don't affect bitcoin if no one mentions bitcoin, but unfortunately this time we have a candidate who openly supports bitcoin. So I agree with you that the election results will affect prices in the short term. But honestly, I don't think Bitcoin can drop to $30k if Trump loses, there will be panic and sell off in the market but things won't be that bad.

If I remember correctly, Bernstein Financial had a similar prediction as you, but back then bitcoin was trading at $56k, while now bitcoin is trading at over $70k. I think you are deliberately exaggerating the situation to show support for Trump instead of making a fair prediction.

https://finance.yahoo.com/news/bernstein-bitcoin-could-test-30k-064420005.html

d5000

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Quote from: NeuroticFish on October 31, 2024, 02:13:13 PM

I keep telling about businesses and you keep focusing on individuals.

Where did I focus on individuals? Are there no businesses in India or China? Wink

The "universal business adoption as a savings means" is imo not an impossible scenario, but for my tastes it is a little bit too bullish. I think businesses will be divided about Bitcoin also in the future.

So I get what you mean. But this thread is about Trump/Harris's influence on Bitcoin price, i.e. my post was about political measures that could influence Bitcoin's price. Businesses' decisions on Bitcoin should be largely independent from who wins this election.

And while some of the forerunners are indeed in the US, with MicroStrategy as the prime example, the causality is not necessarily MicroStrategy -> some US companies -> most US companies -> rest of the world. IMO the next steps in this evolution are mostly independent from the country the business operates in (with the exception of course of countries with Bitcoin restrictions). For example, European and Brazilian businesses can also invest in Bitcoin ETFs since 2021.

Quote from: NeuroticFish on October 31, 2024, 02:13:13 PM

I will come with maybe not a great example: the American banks' subprime game. The 2000 crisis has shown how many banks have followed American banks' "strategy".

Yes, the example isn't perfect, because it could also mean that companies in other countries could now be more wary about what they copy from US companies and what not Wink

STT

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Ignore the election for timing and definitely disregard politics as foundation for any projected price estimate or trajectory. All those talking heads are nothing as important as the real power in any country which is the people.

I like to think of Bitcoin of doing some good in the world and helping unwind some of the nonsense, most easily identified as centralization of power. As that could easily lead to failure its a good thing regardless of opinions for or against its a more unstable world if we cling to just one central pillar as a source of strength.

So will BTC go back to 30k is a general question, I wouldn't blame one person for it or one event in just one country. BTC shouldn't be vulnerable in that way if it can be said to be strong at all. Is BTC able to halve at this point easily is probably how I would phrase the question, my first guess its not going to happen at this juncture. I would only think of 30k at the very end of a negative bear cycle, not just this years news event etc.

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Quote from: Iranus on October 31, 2024, 08:05:58 AM

Even the whole world is showing interest and looking towards the US election because they are the dominant country, and it can be said that the future of the US economy in the next 4 years will represent the economy of the whole world. The decisions, economic and monetary policies of the United States will have a strong impact on the whole world, no market can avoid it, not even bitcoin. Bitcoin is not so perfect that it can exist independently of the world economy and not be affected in any way, don't be naive to think that bitcoin can work that way.

Bitcoin growth is entirely dependent on their policies for the next 4 years and we still don't know what will happen because we don't know who will be elected and how they will treat bitcoin once elected. So it would be wrong to say that if Trump wins, Bitcoin will go to the moon and Bitcoin will fall to $30k if Harris wins.

Yes, people are exaggerating this issue unnecessarily.

While I agree that Trump "said" some good things about bitcoin, doesn't mean he will do great things about it. The 4 years will be fine for USA and the world because no matter which one wins, we are going to have some decent improvements and nothing will change. OP would be right if Kamala said they would ban bitcoin, but she never said that, even talked positively about it as well, maybe not as much as trump.

So, we should be feeling free about what's going to happen, sure you are right that they are the strongest financial power, and who they select will matter for the next 4 years, but not for crypto, not for now, because both are positive and we are about to go into bull run so whoever becomes president, we will do fine anyway.

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Quote from: d5000 on October 30, 2024, 08:58:50 PM

Quote from: NeuroticFish on October 30, 2024, 02:34:27 PM

I think you are not right in this. American businesses "just started" seeing Bitcoin as a good investment (yes, let's allow them some inertia, plus they will actually buy ETF, but still...)

I don't say that the US market is completely saturated. There's of course still some margin to grow. But this margin is much higher in other nations.

For example, it would be much bigger news than any measure in the US, if: 1) China legalized Bitcoin exchanges on the mainland or even in more special economic zones than just HK 2) India lowered the crypto capital gains taxes.

I keep telling about businesses and you keep focusing on individuals.
Sooner or later all US companies will see Bitcoin as something better than Apple stocks.

Quote from: d5000 on October 30, 2024, 08:58:50 PM

Quote from: NeuroticFish on October 30, 2024, 02:34:27 PM

Quite a big part of the rest of the world is copying America, so if America starts signaling the wrong direction... there may be a problem. (PS. America is not POTUS).

Where? There are a lot of things for example European and Asian nations and also for example Canada do very, very differently from the US, and very successfully.

One could even argue that the US copied the concept of Bitcoin ETFs from other nations, actually some UK dependencies and Brazil were first

I think also that for example Europe would copy much less from a Trump-led America.

...And although I said no POTUS, it took you only 3 lines to get to Trump. Cheesy

My point was that the businesses over the world are eyeing what American businesses' stance is vs Bitcoin. And imho it's not that important who were the first, it's more important where is this done at a larger scale.

I will come with maybe not a great example: the American banks' subprime game. The 2000 crisis has shown how many banks have followed American banks' "strategy".

Quote from: Abiky on October 31, 2024, 09:38:32 AM

Especially when Trump has been frequently labeled as the "pro-crypto President". No other candidates before him has even mentioned or expressed their support of Bitcoin and the whole crypto industry (as far as I'm aware). Therefore, a Trump loss would mean a huge loss for the crypto industry in the US. At least, that's how the world will see it.

It could be an image loss, but not huge. Not enough for 30k imho.

Quote from: Abiky on October 31, 2024, 09:38:32 AM

I'd say Bitcoin declining to $30k after a Kamala win is a high possibility. It will only be for a short period of time. If you're one of those who missed buying BTC cheaply, this would be the perfect opportunity to grow your stack of coins before the big "pump". It might never go back to such prices again. Whatever happens, rest assured Bitcoin won't be going anywhere soon. Cheesy

Now your prediction makes sense. Again, I don't expect it to become true, but at least it makes sense.

STT

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Either way past the election I think free of news BTC will move more then it has in the lead up to the vote. Its already making a good attempt right now. 73k was the near term objective and its selling off from that point today.

12hr average was lost as of midday UTC and marks the peak prices for today. I think weekly average at 69k marks a good downside target as its also near resistance, that level will be where to judge BTC strength. However all of the action for weeks has been good, if price should falter here I believe it will remain on a good course from here on and elections are just news not action.

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It seems like it's just speculation with the possibility that bitcoin could drop to $30k if Kamala Harris is elected president of the United States defeating Donald Trump. So far the two United States presidential candidates have not had a significant influence on bitcoin, either Donald Trump with a positive view of bitcoin or Kamala Harris who has a negative side towards bitcoin.

In my opinion, during Donald Trump have many time announced and talked to public about his ideas legalizing bitcoin if win the US election campaign still not make high significant of bitcoin price. Nowadays seems not really efficient yet with how strong bad and good news because price of bitcoin depend each holder its self keep hold it although have many bad news.

Abiky

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Quote from: NeuroticFish on October 30, 2024, 02:34:27 PM

Unless you want to scare the sh*t off the average American voter Grin

, this is an awful prediction from somebody whose account is almost 10 years old on this forum.
I'm pretty sure you know how the price has been moving historically.
I'm pretty sure you know that the price has very good chances to go parabolic again, no matter who is winning.
And I'm pretty sure you also know that whoever becomes POTUS, he/she will have little effect on Bitcoin; it's the Congress that has power on that matter.

Yes. I'm aware of that. But like I've said, this time it's different. Especially when Trump has been frequently labeled as the "pro-crypto President". No other candidates before him has even mentioned or expressed their support of Bitcoin and the whole crypto industry (as far as I'm aware). Therefore, a Trump loss would mean a huge loss for the crypto industry in the US. At least, that's how the world will see it.

I'd say Bitcoin declining to $30k after a Kamala win is a high possibility. It will only be for a short period of time. If you're one of those who missed buying BTC cheaply, this would be the perfect opportunity to grow your stack of coins before the big "pump". It might never go back to such prices again. Whatever happens, rest assured Bitcoin won't be going anywhere soon. Cheesy

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Quote from: Iranus on October 31, 2024, 08:05:58 AM

Even the whole world is showing interest and looking towards the US election because they are the dominant country, and it can be said that the future of the US economy in the next 4 years will represent the economy of the whole world. The decisions, economic and monetary policies of the United States will have a strong impact on the whole world, no market can avoid it, not even bitcoin. Bitcoin is not so perfect that it can exist independently of the world economy and not be affected in any way, don't be naive to think that bitcoin can work that way.

Bitcoin growth is entirely dependent on their policies for the next 4 years and we still don't know what will happen because we don't know who will be elected and how they will treat bitcoin once elected. So it would be wrong to say that if Trump wins, Bitcoin will go to the moon and Bitcoin will fall to $30k if Harris wins.

Yes, people are exaggerating this issue unnecessarily.

Yes I also agree with you, in fact most of us currently think that Trump will win the next US presidential election and then Bitcoin will reach the moon. But we are not sure if Trump will actually support crypto after winning the US presidential election. Whether it's Trump or Kamala Harris, it's hard to say if either of them will actually support crypto after they win. But since Trump has given some assurance of supporting crypto, we can expect some positive side from Trump, but we are not sure. Now after winning the election whether he will actually support it is his personal matter.

But yes, we can never say that Bitcoin will reach the moon only if Trump wins the election. The economy and political decisions of the United States have a profound effect on the global economy. And the effects of this global economy can have a direct impact on the Bitcoin market. So if the global economic conditions are good after Trump wins, Bitcoin will show a good pump, and if the global economic conditions are bad after Trump wins, Bitcoin will also dump. And this is also applicable to Kamala Harris.

Iranus

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Quote from: Sexylizzy2813 on October 31, 2024, 02:17:03 AM

I still don't know why some people always think political affairs has a big role to play concerning the growth of BTC, if it goes on a higher rate they'll say is either Trump or someone in the political sector and sometimes is because of the election maybe if the election is put on hold that's why BTC had to drop at price or whatever. Let's try for ones and see it this way, when all these news about the election, how Trump got shot or the conference debate, before all of these Bitcoin has been on the road running smoothly going down and getting back up, now we have Bitcoin at $72k does it mean is because of Kamala getting close to winning the election and all that happened to Trump that's the cause? To me Kamala or Trump has nothing to do with the rise and fall of BTC price.

Even the whole world is showing interest and looking towards the US election because they are the dominant country, and it can be said that the future of the US economy in the next 4 years will represent the economy of the whole world. The decisions, economic and monetary policies of the United States will have a strong impact on the whole world, no market can avoid it, not even bitcoin. Bitcoin is not so perfect that it can exist independently of the world economy and not be affected in any way, don't be naive to think that bitcoin can work that way.

Bitcoin growth is entirely dependent on their policies for the next 4 years and we still don't know what will happen because we don't know who will be elected and how they will treat bitcoin once elected. So it would be wrong to say that if Trump wins, Bitcoin will go to the moon and Bitcoin will fall to $30k if Harris wins.

Yes, people are exaggerating this issue unnecessarily.

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

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.

So far, Trump has shown his support for the cryptocurrency industry in general and bitcoin in particular but we need to remember that politicians' words are not trustworthy until they deliver on their promises. So we can vote and expect him to win but don't be too confident and subjective if we don't want to be too disappointed when things don't go as expected.
On the contrary: Harris seems less enthusiastic about cryptocurrencies but we should also note that she has never stated that she is against it. So in my opinion, Bitcoin will be fine if she wins and probably better if Trump wins, and nothing bad will happen regardless of who wins.

One of the mistakes we are making could cost us dearly. We are the ones who make things more complicated, we are the ones who spread fear in the market if the scenario is that she wins, not her. I mean, if she gets elected and bitcoin gets dumped, it's our fault, not hers because as I said, she never said she would be against bitcoin. We are creating and instilling fear in ourselves and each other.

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

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.

Yes it will but not as bad as you think if Kamala wins, we are having the bull run next year regardless of the results of the election. The market will only experience short term bearishness if Kamala wins but we know that is unlikely to happen because of what the polls are saying. Donald Trump odds keeps increasing and Kamala is reducing. I know something can happen and change the fate of the results of the election but if nothing out of the ordinary happen, Donald Trump is winning and we are having a very bullish sentiment in the market. But if somehow Kamala wins, the worst that can happen is a retrace to around the $50,000 price range but not $30,000. We are not in a bear market period that the news will hit the market that much to make people to be panicking and selling everything.

Topic: BTC will go back to $30k if Kamala wins - page 3. (Read 1100 times)