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Topic: Can Elections lead to major changes in Crypto Currency ? - page 2. (Read 289 times)

newbie
Activity: 18
Merit: 0
See, the change of power pulls a change in their outlook on cryptocurrency. And also, it would be nice to develop voting software based on blockchain technology. This would give confidence in the integrity of the election.
full member
Activity: 602
Merit: 100
elections? too far if you connect it to crypto currencies, elections will affect the stability of a country's government, or even the economy, but if it affects the crypto currency it is too far to be linked.

It has the possibility if and only if that politicians holds a lot of cryptocurrencies wherein they would withdraw it for the sake of their campaign. We know that when it comes to this kind of issue, definitely a huge amount of money that can be spend because it's needed for them to be popular and this is somehow the traditional way of attracting the community.
newbie
Activity: 119
Merit: 0
elections will not have an impact on crypto because it only concerns the economy, vision and mission when the government conducts a campaign.
copper member
Activity: 2324
Merit: 2142
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Actually, elections affect the market because they can impose new macroeconomics policies that may or may not favorable to the investors. However, it only affects local (one country), not global, with the exception of US and China.

For example, if the US FED raises the interest rate (stops QE), there is a strong probability that the global market will slow down.

Since India's influence is not that significant, global market such as cryptocurrency is not going to be affected that much.
hero member
Activity: 2814
Merit: 911
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With the fact that elections are on the way in most of the countries like India, do you guys really think that it can affect the crypto currency and its market?

I am referring this in terms of political campaigns where huge money is flooded on the campaigns to attract Votes and give them reason to vote really.
I do think that there will be a change in the stand on how the crypto market will regulate after the election, there must be a shift from the current government as they have not done many things other than talking about improvement and new jobs and there is nothing evident till now. Huge money will be flown around during these election campaigns and i am not sure how transparent how these things are.


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For example, inhere, politicians may start building new projects for roads, highways, infrastructure, parks which will ease the life of people and thus will create a sense of working in their hearts. This is more or less bribing in white way but yeah whatever.
If the government has not started any project now, are people that narrow not to understand those gimmicks.

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In this case, would they be accepting crypto currencies or giving legal status to use the crypto so that it can attract crypto people to the political parties and earn some votes for it ?
I understand it is the worlds second largest population but the percent of crypto users are below one percent of the total population and that will not bother them in the grand scheme of elections and i do not see any regulations being implemented any time soon.
full member
Activity: 1258
Merit: 104
nothing will ever happen or change for crypto, because elections and crypto are not interconnected. so in my opinion the election has no impact on cryptocurrencies
legendary
Activity: 2688
Merit: 3983
We are talking about investments from all over the world with a market capacity of more than $60,771,747,086.
The impact of an election or collapse in a country will not be significant unless the event has a relation to Bitcoin or cryptocurrencies "just like what happened when China banned cryptos."
I do not expect this to make a noticeable change, like a drop in the sea.
full member
Activity: 658
Merit: 100
elections? too far if you connect it to crypto currencies, elections will affect the stability of a country's government, or even the economy, but if it affects the crypto currency it is too far to be linked.
legendary
Activity: 2436
Merit: 1362
Im not so sure, elections are to appoint public representitives
the people who really make a country run in most cases are
the advisors and public servants so unless these advisors can
see the benefits for a particular country in crypto the chances
are it will not be a priority.

Now in the case of a dictatorship one person has the power and
can enact whatever laws it wants.
hero member
Activity: 3038
Merit: 634
It can give some minor change if they are still on the campaign process. But major change would come if these politicians who are pro crypto will certainly pass a law that will be favorable for cryptocurrency which would lead to massive adoption.

The influence from these politicians are big and they are the ones who dictate the citizens what to do and what's good and bad. And through their words, citizens will listen to them because they have the law on their side.
full member
Activity: 952
Merit: 104
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With the fact that elections are on the way in most of the countries like India, do you guys really think that it can affect the crypto currency and its market?

I am referring this in terms of political campaigns where huge money is flooded on the campaigns to attract Votes and give them reason to vote really.

For example, inhere, politicians may start building new projects for roads, highways, infrastructure, parks which will ease the life of people and thus will create a sense of working in their hearts. This is more or less bribing in white way but yeah whatever.

In this case, would they be accepting crypto currencies or giving legal status to use the crypto so that it can attract crypto people to the political parties and earn some votes for it ?


Elections do effect the political movement of a country or nation and when it does, so do as the economy be affected. Now talking about cryptocurrency, it only depends if it would be included to the planned platform of the politicians running for position.
legendary
Activity: 3542
Merit: 1352
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On places wherein crypto's influence is heavily affecting people, I'd say candidates with platforms related to cryptocurrencies would have an edge, and if ever they get elected on their desired positions, it would be quite hard to know whether they'll remain true to their promises or not. Anyway, even without political will and intervention, cryptocurrencies are flourishing in countries where there are loads of people using it, so there's that. As of this time, politicians would be busy targeting platforms and campaigns that are timely and the citizens needed very much instead of tackling cryptocurrencies in the mean time.
member
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
The possibility is still very low. We know politicians do not actually have an inclination to using or promoting cryptocurrency. Rarely I have heard such in my country. They don't push the use of cryptocurrency and because projects are usually paid in fiat, there is not much to do with cryptocurrency. Should they spent money during their campaigns or whatever plans or project, the possibility of using cryptocurrency is still very low. But should atleast one politician use it to pay for his campaign during election, I think that could really create something new which may attract people to use it. We know how powerful politicians are in terms of convincing people, such actions could just turn the tide around and change everyone's outlook or views of cryptocurrency usage.
sr. member
Activity: 700
Merit: 300
With the fact that elections are on the way in most of the countries like India, do you guys really think that it can affect the crypto currency and its market?

I am referring this in terms of political campaigns where huge money is flooded on the campaigns to attract Votes and give them reason to vote really.

For example, inhere, politicians may start building new projects for roads, highways, infrastructure, parks which will ease the life of people and thus will create a sense of working in their hearts. This is more or less bribing in white way but yeah whatever.

In this case, would they be accepting crypto currencies or giving legal status to use the crypto so that it can attract crypto people to the political parties and earn some votes for it ?
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