Cryptocurrency: US Election 2020 | Bitcointalksearch.org

Beyerd17

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Quote from: Adhar on October 20, 2020, 06:23:31 PM

Quote from: DeathAngel on October 14, 2020, 04:54:16 PM

I think we’ll see a pump after the election. There’s lots of uncertainty in a lot of things in the world atm, I think Trump will win & then we have a settled leader. I think we’ll reach yearly highs in December.

i dont like trump personally & without trump it will be better for everyone. but i agree with you that after election we can see another big pump. but this time is really unexpected for crypto. thats why i converted btc to usdt. hopefully market will be growing continue, lets see.

If that is true that you converted Bitcoin to usdt, that means you have lost out on the recent rise in Bitcoin, unless you just converted/sold yesterday or today offcourse.

Still it would probably be more wise to have at least some of your funds in Bitcoin. Why, because if the rising trend continues, you won't be left at the station when Bitcoin moons.

The result of the US election could very well pump BTC.

Adhar

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Quote from: DeathAngel on October 14, 2020, 04:54:16 PM

I think we’ll see a pump after the election. There’s lots of uncertainty in a lot of things in the world atm, I think Trump will win & then we have a settled leader. I think we’ll reach yearly highs in December.

i dont like trump personally & without trump it will be better for everyone. but i agree with you that after election we can see another big pump. but this time is really unexpected for crypto. thats why i converted btc to usdt. hopefully market will be growing continue, lets see.

Yatsan

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We are not pretty much sure what could be the possible impact of this USA election on both US dollars and on cryptocurrency for those parties are still into promise so basically we cannot expect that much up until the election is done and we already do know who will be the elected president of the USA. Up until then, we must just stick into what is currently happening on which crypto market is still doing so good as well as the US dollar based on the price chart. Let us all see and witness what could be the possible or more likely to happen if Biden wins as the president or if ever Trump will be able to successfully defend his position as the president. No matter what the result will be, we still do not certainly know if the effect on crypto and US dollars will be a good or the other way around. Let's just wait up until the election is done.

VUKIMTHAO

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I do not think so. I think Bitcoin has run out of momentum Tongue

bryant.coleman

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Quote from: shoreno on October 19, 2020, 02:32:49 AM

i dont know the background of this guy but lets hope your thoughts were right because we all know what can happen if ever he prohibits it .

I am not sure about this, but as far as I know the power lies with the state government and not with the federal government. That's why states such as New York came up with regulations regarding Bitcoin and other cryptocurrencies. The American president and the federal government doesn't have much say on these rules and regulations. And that's why I said that the situation is unlikely to change after the elections.

Beyerd17

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If it goes like the way you think and the dollar tanks and Bitcoins rises, so what, the net effect of that would be zero.

Lets say the dollar drops 10% and Bitcoin and altcoins rise 10%, in nominal dollars you would have a net gain, but in purchasing power you would have no gain after inflation.

nfsphr

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Quote from: BrewMaster on October 14, 2020, 10:42:51 AM

Quote from: Jaered on October 14, 2020, 09:29:49 AM

the world would stand still for the election of arguably the greatest Contemporary nation on earth, the United States.

exaggerate much Cheesy

Quote from: Jaered on October 14, 2020, 09:29:49 AM

Predictions have been rife with many thinking the dollar would tank hours just before the elections and jump if Biden wins.

this has mostly been advertisement for different parties. each side says if they win dollar will jump and if the opposition wins the world ends Cheesy

Quote

My focus is on assets like bitcoin and other crypto. Methinks bitcoin would take a moon hike as uncertain investors jump on assets not tied to any government influence(mostly, though we know there is some government effects).

bitcoin has shown that it is not affected by these things and it has proven many times that it is not even following different markets. lately people have been linking it to gold but gold has been tanking specially today while bitcoin rises. same with stock market.
election will be the same.

tranthidung

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Quote from: avikz on October 14, 2020, 02:14:11 PM

I don't see that happening! A good percentage of American still believe that Trump's hatemongering will make their nation great again. So if Trump wins, mostly educated class people might want to jump into alternative assets like crypto or Gold or Silver just for capital protection. In that case, we may see some additional liquidity in the market which may drive the price higher. But if Joe Biden wins, Americans will hope that he will bring reformations to take the economy back on track. In that case, these additional liquidity may not flow into the crypto market. But whatever happens, it will be miniscule compared to the size of cryptocurrency market which is most unlikely to make a lasting impact.

There is uncertainly before the Election day and after it. Trump will not leave WhiteHouse immediately after the Election day and he has months to do something with his President power. Let's skip the future scenarios and do retrospective findings on how Bitcoin (in price and volume) changed before and after the Election day 4 years ago (in 2016).

Quote from: DeathAngel on October 14, 2020, 04:54:16 PM

I think we’ll see a pump after the election. There’s lots of uncertainty in a lot of things in the world atm, I think Trump will win & then we have a settled leader. I think we’ll reach yearly highs in December.

Price increased and volume rose too. The question is "Will the history repeat its steps?". I don't know and the conditions from SES (socialeconomic status) to public health problems and political environment in this year is very different than in 2016.

shoreno

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Quote from: bryant.coleman on October 19, 2020, 02:08:25 AM

Even if Biden gets elected, most of the economic policies are going to remain the same.

that is if he wont changed it but if he changed it , it wont be the same as before . it wont be not right to change the policy according to him without thinking if what will this be the effect to others but idk if its possible for a lately elected person to be dis elected again if he show a manner like that however people wont complain but even praise him more if he change the policy for the good of all .

Quote from: bryant.coleman on October 19, 2020, 02:08:25 AM

I don't think that Biden will try to prohibit the usage of cryptocurrency.

i dont know the background of this guy but lets hope your thoughts were right because we all know what can happen if ever he prohibits it .

acquafredda

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Even the bitcoin price seems to be waiting for the US elections outcome to start moving in one direction or the other. About policies it's hard to say what Biden's ideas are but it looks me whoever is going to win will push the throttle for CBDC and digital dollar. That's what they are doing here in Europe too.

bryant.coleman

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Quote from: hd49728 on October 18, 2020, 10:26:36 PM

Quote from: bryant.coleman on October 18, 2020, 08:09:43 AM

The outcome of the presidential elections never had any impact on the exchange rate of the US Dollar. The United States Dollar is the strongest fiat currency in the world right now, and it is likely to remain at that position for the next few decades. The election of neither Trump or Biden is going to cause a change in ground situation for the cryptocurrencies.

Really? How you can said so. The United States is a big nation and any changes in the politics here have dramatic impacts on the economy in the USA. and the world economy too.

The coming President election and its uncertainty after the day 3th November, Biden or Trump will easily accept result when they are losers, won't they? The uncertainty will cause financial market in a bad situation and crypto market won't be different.

Even if Biden gets elected, most of the economic policies are going to remain the same. Even if he comes up with something new, the impact on the market won't be visible for many years. And that is about the mainstream market (stock exchanges, real estate.etc). For cryptocurrency, the policy will be the same. I don't think that Biden will try to prohibit the usage of cryptocurrency.

proTECH77

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US election is at corner which all the parties are very busy with their party member to make sure they vote wisely in the up coming election. Joe Biden who is claiming that he will be the winner in up coming election and also promise all the crypto user that he will do all his possible best to make all cryptocurrencies remain active 247 in the country.
I think with this crypto Joe Biden has include in his campaign show he will surely win the US election that is next month.

hd49728

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Quote from: bryant.coleman on October 18, 2020, 08:09:43 AM

The outcome of the presidential elections never had any impact on the exchange rate of the US Dollar. The United States Dollar is the strongest fiat currency in the world right now, and it is likely to remain at that position for the next few decades. The election of neither Trump or Biden is going to cause a change in ground situation for the cryptocurrencies.

Really? How you can said so. The United States is a big nation and any changes in the politics here have dramatic impacts on the economy in the USA. and the world economy too.

The coming President election and its uncertainty after the day 3th November, Biden or Trump will easily accept result when they are losers, won't they? The uncertainty will cause financial market in a bad situation and crypto market won't be different.

bryant.coleman

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Quote from: Lycan70 on October 18, 2020, 07:28:21 AM

The world is really watching the outcome of US election. Many countries have economic ties with the US. The dollar might decline before the election but expected to go upwards after the proclamation. Lets see how the election can affect bitcoin though, or it might not.

The outcome of the presidential elections never had any impact on the exchange rate of the US Dollar. The United States Dollar is the strongest fiat currency in the world right now, and it is likely to remain at that position for the next few decades. The election of neither Trump or Biden is going to cause a change in ground situation for the cryptocurrencies.

Lycan70

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The world is really watching the outcome of US election. Many countries have economic ties with the US. The dollar might decline before the election but expected to go upwards after the proclamation. Lets see how the election can affect bitcoin though, or it might not.

worldofcoins

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Quote from: Shasha80 on October 15, 2020, 07:03:24 AM

I think whoever the 2020 US election winner will not affect the Bitcoin market. And there really is no connection between
the US elections and the Bitcoin movement. As we all know Trump is anti-Bitcoin, but that doesn't mean if Biden wins the
Bitcoin price will go up. But US election is possible to affect the USD rate, even if the USD goes up or down, it still can't
affect the price of Bitcoin.

It may be conceivable that the US market is incredibly insecure during the hour of political choice.
The ups and downs of dollars cost may profoundly impact on bitcoins market.
During this time span, the vast majority of crypto lovers put away their cash.

unusualfacts30

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regardless of who wins the election we will see more stability afterwards. Certainty is what people are hoping for during these uncertain times and anything that provides that will help the bitcoin price. Biden will provide little more certainity than trump so I do expect price to go much higher if he wins the election.

imteaz

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Well, If Trump wins the election, It also might help bitcoin to have a 2021 bull run. There are many factors involve, however as Trump favors the businessman and business, and the stock market, So It will have an impact. However personally I believe no matter what is the outcome of the elections, Bitcoin going to have a run in 2021. Let's see =)

batang_bitcoin

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Quote from: stompix on October 15, 2020, 03:06:05 PM

Quote from: batang_bitcoin on October 15, 2020, 03:21:07 AM

AFAIK, Chinese Yuan is the strongest these times.

A currency that is controlled by the state, what a surprise, a currency that goes up or down when the CCP wants so.
The moment the yuan is going to be too strong against the Euro and the $ and counting the devaluation of other countries that are starting to compete with China on exports to the western world with lower wages than them by miracle the yuan will again tumble, as they did in 2015 and in 2019. At least with other currencies, things are predictable based on what's happening in the world, with the yuan it's like trying to guess the lottery.

The trade war between US and China made Yuan even stronger. During the pandemic, there were reports that China have bought a lot of stocks from the US and even in EU which gives a significance that they're in the correct position and assumption that they have the strongest currency by this time. Well, it wouldn't last, when things settle and the world goes back into normal, they'll lie-low. The pandemic made their position better than the rest of the world's strongest currencies.

DarkDays

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Quote from: Shasha80 on October 15, 2020, 07:03:24 AM

I think whoever the 2020 US election winner will not affect the Bitcoin market. And there really is no connection between
the US elections and the Bitcoin movement. As we all know Trump is anti-Bitcoin, but that doesn't mean if Biden wins the
Bitcoin price will go up. But US election is possible to affect the USD rate, even if the USD goes up or down, it still can't
affect the price of Bitcoin.

I think saying so blatantly as this that US presidential elections won't affect the price of BTC is a little understated.
Because of the mere fact that there will be this transfer of power or at least the potential of it the economy of the US will be more unstable and with so many investors relying on the USD and a large share of crypto being USD based volatility is inevitable.

Whether this is going to be upwards or downwards is still not certain but having seen how the BTC market and crypto has been lately for good reasons the former seems more likely, at least until early next year.

Topic: Cryptocurrency: US Election 2020 (Read 469 times)