Did Trump - Harris debate really affect Bitcoin's price?

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Quote from: Sayeds56 on September 17, 2024, 04:38:59 AM

Quote from: fuguebtc on September 16, 2024, 09:04:59 AM

I don't trust Harris when it comes to crypto because of what the Biden administration has done although she could still change that stance after she is elected. When it comes to cryptocurrencies, Trump is more trustworthy.

While it is true that generally people don't trust Harris when it comes to Bitcoin and other cryptocurrencies, but we should remember that spot ETFs of Bitcoin and Ethereum have been approved during the administration of Joe Biden and Kamala Harris. I believe there is no single person in United States who makes policy decision, there are multiple powers centers including Saint, Congress and financial institutions like BlackRock who play crucial role in shaping up policies. Therefore, we should wait and see who gets elected as president, and how he/she views Bitcoin and other cryptocurrencies.

I am definitely positive about the fact that we are going to end up with a positive future for bitcoin no matter what happens and because of that I think we shouldn't be worried about any of this. Just because there are elections doesn't mean that president decides over everything in a nation, USA is not a dictatorship like that, they do whatever the government does and no person decides on anything at all. At the same time, we need to remember that it is going to be fine for a long time and that is why we need to remember that we are going to end up with a good result either way.

Of course that's going to be something that decided by president if they end up "saying" bad things but that doesn't mean that it can be something that will be big deal, this is why it is going to be something that will not be easy at all. So, focus on getting no bad stuff said by any of them and neither of them would be getting anything bigger so just keep focusing on that.

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Quote from: fullhdpixel on September 18, 2024, 07:44:34 AM

Quote from: fuguebtc on September 16, 2024, 09:04:59 AM

-.-

There is no doubt Donald Trump is having more trust than Biden and Harris in case of cryptocurrency adoption or bringing soft policies about these as well but main problem as mentioned is still they want more taxes which are surely essential just because of these things are not working as they needed to be done here in the USA which is currently the biggest economy and this could be surely hub for the miners as well if we are having solid policies from these corrupt peoples.

I am not sure about Harris to have anything positive about cryptocurrency because Biden and republicans have surely never been intended to do for this they are looking for more taxes which will surely increase their revenue but surely hurt too much this community just because of this mostly peoples are having better view about Donald Trump as they feel he can do something better than current peoples.

There is a thread saying that bitcoin is fine even if Harris is elected, which is true because as we have seen, bitcoin is still growing under Biden even though he has repeatedly put forward harsh policies towards bitcoin. But now that we have more choices, why do we choose “okay” when we have the opportunity to choose something better?

To be fair, none of us know what will happen after the election, whether Trump will actually keep his promises, and whether Harris will change her tune after being elected. But with what the two are showing the community, it's hard for people to trust Harris. Betting on Harris is much riskier so we should make the riskier choice and Trump is really the choice at this point.

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Quote from: ultrloa on September 18, 2024, 04:31:48 AM

I guess what he mean is buy if there's a dump came even if those event ends or not. Since its not good if we got affected on those event since those guys might create an impression that they can always manipulate the mind of people. So much really better for everyone to act normally on how they deal with bitcoin since for many times said those politicians cannot tell the outcome of bitcoin price. For sure bitcoin will remain the same since demand will always matter depend on peoples need.

Right now I'm acquiring and don't even think about get bother on politics noises since at the end those politicians will not fully support bitcoin. They are just there to gather votes since they want to impress people since they are currently in need of votes.

I agree that if there is a dump then we should buy, that is definitely a good idea, because recovery happens quite quickly in the bitcoin world. I am accumulating as well, who cares about what happens at USA elections, it only matters to them and that is why I am trying to make as much money as I can and try to get more but unfortunately I am not in a financially strong position right now, so I can't get much, but I am going to get as much as possible when I get more chance, this won't be easy but it can be done and I am sure that we are going to get better financial situation thanks to bitcoin as well.

The moment bull starts and this goes up a lot we are going to end up with a good result as well. This should be something that will not be that difficult to handle at all. We are going to see this changing with time and because of this we are going to see this changing when we are richer thanks to bitcoin then we can invest easily without thinking twice.

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Quote from: Haunebu on September 19, 2024, 01:19:43 AM

Lol! You need to be seriously brain-dead to think that these elections would have any kind of effect on BTC and the crypto world in general. It's even more hilarious seeing Trump supporters think that he actually gives a crap about BTC.

Lol. Throughout the debate nothing was discussed directly referring to crypto currency or the future of Bitcoin. So, the debate didn't really have impact on bitcoin either by making headlines on TV stations or media hypes on the social media platforms. At least one thing was clear or to say, have been clear about both candidates, it is that they both have different political views including on bitcoin.

Bitcoin is bigger than looking for a cheap popularity from a mere debate, although I understand that a discussion from the debate could have spring up interestes that may warrant big discussions within the bitcoin community as well as giving the US crypto space the opportunity to understand their positions clearly.

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Quote from: FinneysTrueVision on September 19, 2024, 02:20:42 AM

The media will create a neatly packaged narrative based on whatever is trending but reality is not that simple. There are many factors which could have contributed to Bitcoin’s price in the days after the debate. We can’t really attribute it to one specific thing because it has been stuck in the same pattern for a while without really breaking out in either direction. The debate was mostly a non-factor that barely affected sentiment or fundamentals.

I guess since the prices have not rebounded back down now that the Trump - Harris debate is now over means that traders were just looking for an excuse to buy, or should I say a catalyst.

The market is only timed to these events when they happen, and not when they are (long) forgotten.

The elections themselves of course do not influence BTC prices, but the traders who buy/sell based on what they hear on the news do.

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Quote from: shield132 on September 12, 2024, 04:35:44 AM

Is this true or do crypto news websites use this debate as a clickbait?

The media will create a neatly packaged narrative based on whatever is trending but reality is not that simple. There are many factors which could have contributed to Bitcoin’s price in the days after the debate. We can’t really attribute it to one specific thing because it has been stuck in the same pattern for a while without really breaking out in either direction. The debate was mostly a non-factor that barely affected sentiment or fundamentals.

Haunebu

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Lol! You need to be seriously brain-dead to think that these elections would have any kind of effect on BTC and the crypto world in general. It's even more hilarious seeing Trump supporters think that he actually gives a crap about BTC.

Quote from: Mame89 on September 18, 2024, 11:47:46 PM

In fact, both presidential candidates are only using crypto to seek support.

Incorrect! Trump is the only one acting like he would support crypto while Harris has always been anti-crypto.

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Quote from: TheUltraElite on September 15, 2024, 05:35:20 AM

Bitcoin is out there having its swinging, why does it care about who wins or who does not? It might affect it and it might not. We have seen that the pandemic did not affect it much, elections might but we never know for real.

The point is that a lot of prediction games run on these elections and bitcoin is used to bet on these games. The traditional stock markets do get affected and in similar manner people assume that bitcoin will also change drastically.

What matters to us is if it goes down, buy it.

This makes sense. In fact, both presidential candidates are only using crypto to seek support, many news reports say that if Trump is elected then bitcoin will rise if Trump loses then bitcoin will be destroyed. Although we all know that bitcoin cannot be controlled by a third party, even without an election bitcoin can survive and can even continue to increase every cycle. This has been proven during a crisis such as a pandemic and even several US elections have taken place without changing anything about bitcoin.

The US election moment is indeed very easy to play bitcoin predictions, and many crypto websites also take advantage of all this to find clickbait. But what is certain is that we must understand it because they are fighting in politics to win the upcoming presidential election. However, this election will also have a little impact on bitcoin, maybe in the short term.
I also agree with you in the last sentence, whatever happens with the US presidential election, every time there is an opportunity to buy bitcoin, just buy it, especially if it is going down.

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Bitcoin prices fluctuate due to a variety of factors and it is unlikely that a political debate would have a significant impact on the market. It's more probable that crypto journalists are using the debate to attract attention and generate views. There is the possibility that these articles may cause a minor movement in the market if enough traders react to them but again, I don't think the change will be significant.

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Quote from: fuguebtc on September 16, 2024, 09:04:59 AM

Quote from: Sayeds56 on September 16, 2024, 06:47:47 AM

I personally believe, Harris will also support adoption of Bitcoin if she is elected president, as financial institutions in USA have made significant investment in Bitcoin.

The United States surpassed China in 2021 to become the world's largest bitcoin mining hub, but did you know that Biden has proposed a 30% tax on miners? While that could cause miners to move to other countries, he doesn't seem concerned about that. Therefore, it is not convincing to assume that just because many domestic financial institutions are investing in bitcoin, it means that the Harris administration will support bitcoin adoption or introduce bills to promote its development. What they want is more and more taxes, not necessarily any intention of promoting market development.

I don't trust Harris when it comes to crypto because of what the Biden administration has done although she could still change that stance after she is elected. When it comes to cryptocurrencies, Trump is more trustworthy.

There is no doubt Donald Trump is having more trust than Biden and Harris in case of cryptocurrency adoption or bringing soft policies about these as well but main problem as mentioned is still they want more taxes which are surely essential just because of these things are not working as they needed to be done here in the USA which is currently the biggest economy and this could be surely hub for the miners as well if we are having solid policies from these corrupt peoples.

I am not sure about Harris to have anything positive about cryptocurrency because Biden and republicans have surely never been intended to do for this they are looking for more taxes which will surely increase their revenue but surely hurt too much this community just because of this mostly peoples are having better view about Donald Trump as they feel he can do something better than current peoples.

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Quote from: Coyster on September 17, 2024, 02:13:58 PM

Quote from: TheUltraElite on September 15, 2024, 05:35:20 AM

What matters to us is if it goes down, buy it.

Couldn't have said it any better mate, at this point i really cannot wait for this election to pass, i didn't know we'd have this much speculation surrounding bitcoin as a result of the election, i know the U.S is crucial to the entire crypto network, but i think people are exaggerating what the impact of the election will be on bitcoin. I am neutral, as i don't support either of the candidates, but i would love to see the impact their supporters are screaming about when a winner emerges.

I guess what he mean is buy if there's a dump came even if those event ends or not. Since its not good if we got affected on those event since those guys might create an impression that they can always manipulate the mind of people. So much really better for everyone to act normally on how they deal with bitcoin since for many times said those politicians cannot tell the outcome of bitcoin price. For sure bitcoin will remain the same since demand will always matter depend on peoples need.

Right now I'm acquiring and don't even think about get bother on politics noises since at the end those politicians will not fully support bitcoin. They are just there to gather votes since they want to impress people since they are currently in need of votes.

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Quote from: TheUltraElite on September 15, 2024, 05:35:20 AM

What matters to us is if it goes down, buy it.

Couldn't have said it any better mate, at this point i really cannot wait for this election to pass, i didn't know we'd have this much speculation surrounding bitcoin as a result of the election, i know the U.S is crucial to the entire crypto network, but i think people are exaggerating what the impact of the election will be on bitcoin. I am neutral, as i don't support either of the candidates, but i would love to see the impact their supporters are screaming about when a winner emerges.

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Given the nature of the market I don't see the relevant values for bitcoin's value, however in this situation where the market is trending negatively the news of the Trump-Harris exchange could be a fulcrum for those who want to manipulate the market using the news effect to exploit. The value of bitcoin and stocks has reflected that and I'm talking about their purpose more or less successful. Lol

l99l

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You asked a good question. I don't think it should affect it, but in today's conditions, Bitcoin seems to be progressing depending on many factors.
Bitcoin is valuable just because it is Bitcoin and its value is based on the decentralization and chain system it is connected to.
Other World elections, crises are temporary effects.

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Quote from: shield132 on September 12, 2024, 04:35:44 AM

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls. Do you also think that this is true?

Lol...This US president and crypto drama will not cease to amaze me, perhaps it's because many people lack the market experience, that's how they can believe debate would be impactful in the crypto world. Why didn't it react when Biden and Trump had their debate, that should have hinted at what would happen in Harris's time too. If at all the market would react to such an event, it would be so obvious because it would be very volatile, but reverse in the case.

Quote

The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.

I don't know the positive impact Trump would attribute to the crypto market when there is already a FUD in the market. The market sentiment is beyond any artificial hype around Trump's reelection.

Quote

Is this true or do crypto news websites use this debate as a clickbait?

No establishment can be trusted, they want to sell, and they can cause unnecessary belief since it can shift attention to them without any penalty.

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Quote from: fuguebtc on September 16, 2024, 09:04:59 AM

I don't trust Harris when it comes to crypto because of what the Biden administration has done although she could still change that stance after she is elected. When it comes to cryptocurrencies, Trump is more trustworthy.

While it is true that generally people don't trust Harris when it comes to Bitcoin and other cryptocurrencies, but we should remember that spot ETFs of Bitcoin and Ethereum have been approved during the administration of Joe Biden and Kamala Harris. I believe there is no single person in United States who makes policy decision, there are multiple powers centers including Saint, Congress and financial institutions like BlackRock who play crucial role in shaping up policies. Therefore, we should wait and see who gets elected as president, and how he/she views Bitcoin and other cryptocurrencies.

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Quote from: shield132 on September 12, 2024, 04:35:44 AM

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.

Even if there is no news in the crypto market there will be an increase or decrease in value. The value of Bitcoin is always changing. It cannot remain fixed in any place and has no chance of staying stable. Like every time in the crypto market, there is a temporary effect on the market. Markets see temporary impact on Trump-Harris controversy But it will have no long term effect. I don't think there is anything to worry about even if the market has slight dips. But one thing that has become noticeable is that Trump has been quite bullish on crypto and if he wins then there could be a big bull in crypto.

But I think it is better not to invest considering the political situation. If results differ from expectations, there is a possibility of exposure to losses. Moreover, Bitcoin is a decentralized currency that no one can ever control so whoever comes into power has no gain or loss for Bitcoin. However, it is not unusual to experience minor temporary effects.

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Quote from: Sayeds56 on September 16, 2024, 06:47:47 AM

I personally believe, Harris will also support adoption of Bitcoin if she is elected president, as financial institutions in USA have made significant investment in Bitcoin.

The United States surpassed China in 2021 to become the world's largest bitcoin mining hub, but did you know that Biden has proposed a 30% tax on miners? While that could cause miners to move to other countries, he doesn't seem concerned about that. Therefore, it is not convincing to assume that just because many domestic financial institutions are investing in bitcoin, it means that the Harris administration will support bitcoin adoption or introduce bills to promote its development. What they want is more and more taxes, not necessarily any intention of promoting market development.

I don't trust Harris when it comes to crypto because of what the Biden administration has done although she could still change that stance after she is elected. When it comes to cryptocurrencies, Trump is more trustworthy.

Sayeds56

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Quote from: shield132 on September 12, 2024, 04:35:44 AM

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

I believe this debate between Trump and Harris had no direct impact on Bitcoin, as neither of them made comment about crypto currency industry. However, as many analysts were convened about better performance of Harris who is not seen a strong supporter of Bitcoin as Trump is, therefore Bitcoin price experienced a short-term slide but later covered. I personally believe, Harris will also support adoption of Bitcoin if she is elected president, as financial institutions in USA have made significant investment in Bitcoin.

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Quote from: MusaMohamed on September 12, 2024, 05:41:03 AM

Quote from: shield132 on September 12, 2024, 04:35:44 AM

Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.

Yeah definitely since the existence of Bitcoin it has survived more of such issues and with or without Trump winning the crypto community will still live with topnotch trademarks of impacts in the society. So for the debate affecting Bitcoin Price I think it's not cause of it as such situations usually affect the markets trend and leading to either a rise or fall in the price and so on.
Aside the win of Harris and los of Trump I feel Bitcoin will still be guaranteed and skyrocket more than it has over the years, so saying crypto expected positive impacts from trump doesn't necessarily indicates that if he lost Bitcoin won't survive, sure it will do better just as it has even before trump and the new president as well.

Topic: Did Trump - Harris debate really affect Bitcoin's price? (Read 665 times)