Did Trump - Harris debate really affect Bitcoin's price? - page 2.

Rabata

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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.

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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.

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I do not think so, debate shouldn't really have any impact at all, it doesn't seem like it was related. Crypto wasn't talked as far as I can remember, and Trump losing doesn't really have anything to do with what we are trying to do here, it's unrelated.

Crypto could go up and down for any reason, in fact there is no need for any reason at all, it is not moving enough to require a reason, for something that is above 20% then we could say there is a need for a small reason but for smaller stuff like this we do not need a reason at all.

We should just see this as market movement and nothing more, it's the most normal part and I feel like we are going to be fine about it, we can't really make much sense otherwise. If you keep thinking that politics has something to do with crypto price movements, you will end up following politics more than you follow the price and that is not good for you. Just go with old fashion way, buy bitcoin and hold it long term.

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

Quote from: Coyster on September 14, 2024, 03:41:03 PM

People will try to make any kind of speculation as to why bitcoin price either rose or fell, and many times the speculation can be well wrong, i don't think the debate had any impact on the price of bitcoin. If you tell me that the outcome of the election might have a temporary impact on the price of bitcoin, then i could possible agree with you, but i don't see how the debate would either cause inflows or outflows in the bitcoin system.

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.

The reason bitcoin price increased during the pandemic is because the government printed money and pumped it into the economy to sustain the economy and bitcoin benefited from the money printing. Or when inflation peaks in 2022, Bitcoin also gets hit hard by falling to $15k, so don't say it's not affected by election results or affected by the health of the economy.

Each president will have different economic policies and different impacts on the economy so bitcoin will also be affected in different ways. If we have a president who can boost the economy, bitcoin will benefit a lot but on the contrary, if the economy is bad, people will not have money to spend let alone invest. Don't expect bitcoin to grow.

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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.

If an super big and rare event like a pandemic that appears with intensity of once per century, can not affect Bitcoin price too much, a next President in the USA. can not affect it more than that.

If Bitcoin has a crash because of Kamala Harris or Donald Trump as a next elected President, it won't be worse than Covid-19 crash in March 2020. Simply Bitcoin won't be killed by either Kamala or Donald in late 2024 or early 2025 or in next four years with a next President in the USA.

https://cryptorank.io/price/bitcoin/analytics

Year	Change	High	Low	USA President
_________	______________	___________	_________	_____________________
2024	+42.1%	$73,682	$38,595	Joe Biden
2023	+155.4%	$44,746	$16,504	Joe Biden
2022	-64.3%	$48,205	$15,521	Joe Biden
2021	+59.6%	$68,672	$28,621	Joe Biden
2020	+304.1%	$29,282	$4,010	Donald Trump
2019	+90.9%	$13,793	$3,380	Donald Trump
2018	-73.3%	$17,712	$3,201	Donald Trump
2017	+1,369%	$20,089	$755.76	Donald Trump
2016	+123.8%	$979.4	$354.91	Barack Obama
2015	+34.4%	$495.56	$171.51	Barack Obama
2014	-57.6%	$1,017	$289.3	Barack Obama
2013	+5,435%	$1,156	$11.75	Barack Obama
2012	+183.5%	$16.78	$3.81	Barack Obama
2011	+1,435%	$35.76	$0.257	Barack Obama
_________	______________	___________	_________	_____________________

The table shows Bitcoin does not care who is a President in the USA.

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Quote from: DeathAngel on September 12, 2024, 06:47:18 AM

Not really, not enough to cause a meaningful movement of price any way. Long term it does not matter who wins the election but short term it could move the price in November. Trump is definitely the more crypto friendly candidate so if he wins in November the price should go up.

Why not? I mean we all know that Trump recently is in to Bitcoins and he isn't just an ordinary person. If he lose on the debate, it can also cause the price of BTC to go down but if he won, then the price can rise. After all it was only just a debate, so yeah that the effect can only be for the short-term but the ones that can have a long-term effect is during the election time, since the term for it is also long.

I think the candidate can sit for 4 years, right? And then after it we will now have another presidential election. November is included in the last quarter of the year, which is known for the period of pumping of cryptos, so this should give it an even boost if ever Trump won.

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Quote from: Coyster on September 14, 2024, 03:41:03 PM

People will try to make any kind of speculation as to why bitcoin price either rose or fell, and many times the speculation can be well wrong, i don't think the debate had any impact on the price of bitcoin. If you tell me that the outcome of the election might have a temporary impact on the price of bitcoin, then i could possible agree with you, but i don't see how the debate would either cause inflows or outflows in the bitcoin system.

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.

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The news tell it all that the said debate was the main reason for the sudden price movement. But if you analyze it more closely, news are sometimes unreliable but only creates more of speculations and wild predictions.

It would be more reliable to think that it's only part of price fluctuations for bitcoin. The sudden price hike or sudden drop of price is not really something new, but since talking about Trump and Harris these days have become hype, then it's good to say that the current price movement will be linked or attributed to them, even if we all know the real cause is that bitcoin is highly volatile in nature.

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People will try to make any kind of speculation as to why bitcoin price either rose or fell, and many times the speculation can be well wrong, i don't think the debate had any impact on the price of bitcoin. If you tell me that the outcome of the election might have a temporary impact on the price of bitcoin, then i could possible agree with you, but i don't see how the debate would either cause inflows or outflows in the bitcoin system.

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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 think on this date Fed announce the new inflation rate and that was why Bitcoin dump and pump again and this is not the first time Bitcoin has reacted to Fed news. There is also CPI news that is been announced a once monthly about consumer price index and it does affect the Bitcoin price and not really the presidential debate. What happen must have been a coincidence and perhaps the speculators too, they used it to create some move but it wasn't significant.

This debate thing is useless in my opinion, two individuals with personal beef and their respective party come and say things that are inconsequential just to win the heart of the public and when voted for in the office, they act like they didn't go though all this talk. Sometimes I think politicians are just the same group of people with different individual goals, they will never do what they promise the people, both Kamala and Trump had the opportunity to do the things they promised and they are now begging for another term.

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Quote from: Hazink on September 12, 2024, 04:30:49 PM

Trump is just a US presidential aspirant, and his words have little to no action on the price of bitcoin as it stands now. That's what I believe; unless he finally wins the election and is to sit on that, that's only when I might give his speech a second lesson.

I believe you know the extent of what any presidential election in the US means to the world and that's why whatever frontrunners say, in a way, also impacts the globe. Even before winning this election (hopefully, he does) whatever Trump's comments are on cryptocurrency will shape the way certain investors throw around their money on it. For now, his body language is suggestive of his backing. Quite alright, he may not be sitting in the White House now but that doesn't deminish his impact. Some people may even gauge his perspective on this from the angle of him being an astute businessman and not necessarily as a political figure.

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Quote from: philipma1957 on September 13, 2024, 12:41:58 PM

Stop these fucking threads that Trump is good for BTC.

He passed a bill that sucked bigly dec 2017 which set up the the 2018 dump.

Trump good for BTC is fucking bullshit.

I don't say anything. If you read my posts, you can see that I have never said that Trump is good for Bitcoin. Both, Trump and Harris care only about their election results, political power and money. Besides that, nothing matters to them. Will there be a boost to Bitcoin's price if Trump wins? I think yes, there will be a boost because as I read everywhere, for some reason, people expect that his influence on crypto and the stock market will be very positive. Still, Bitcoin will experience a bull run anyway because we are in a post-halving period and it's expected that the bull run will start this winter.

I also want to quote you this post of mine -

Quote from: shield132 on August 18, 2024, 02:27:44 PM

Trump isn't going to do anything good for the crypto community. If you read his statements, it's clear that he is against the philosophy of Satoshi and Bitcoin.

I don't know why you express negative mood in my threads.

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

Bitcoin was created in January 2009, and so far it has grown with three different Presidents in the USA: Obama, Trump and Biden. We will have a same President Trump back to the White House or a new one Harris, but whoever a next President of the USA. Bitcoin will continue to move strongly to future. Presidents can change, policies can change but Bitcoin blockchain is unstoppable and with many big advantages it provides, Bitcoin adoption will continue its parabolic growth.

Next four years in 2028, we will have a similar question, will a next President affect Bitcoin market?

The way they project the next president of united states as though it's the president of the world or the next president of Bitcoin annoys me to the bones, I know that America is a big player in Bitcoin, but it doesn't even have up to 3% of it's total supply or thereabout, they hold only about 215,000 BTC and what's the fuzz about?. There are other big time players in the world, so many other countries who holds Bitcoin and more are adopting it, so the next president of America has little or no impact on the precious coin. The propaganda around this election and how it affects Bitcoin is becoming so unnecessary and disturbing.

Like you rightfully said, many presidents have come and Bitcoin outlived them, more would come and it would still survive.

Let's be clear here, Bitcoin is owned by no one, not even America, so it would still exist and progress void of American support if that's the worst case scenario. While we hope for a president that gives Bitcoin more favorable grounds to thrive in his country, we've to stop tying the progress of Bitcoin to a nation's democratic process alone.

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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?

Stop these fucking threads that Trump is good for BTC.

He passed a bill that sucked bigly dec 2017 which set up the the 2018 dump.

Trump good for BTC is fucking bullshit.

This is not to say that Harris is good for BTC.

It is very simple that Trump fucked btc with his law he signed which started in Jan 2018.

His fucking law makes me do 200 page tax returns for well under 100k in income.

Fuck trump = good for btc.

rant over

BY the way trump and vance are both against eating pussy in Ohio so I have my doubts they stand a chance in that state.

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I don't think we can categorize any price change below 30% to be any kind of "effect". So far the only price change we've seen in the market has been 2-3% which is nothing by bitcoin market standards. Not to mention that on a bigger picture, ever since September 7 price has been pretty much rising from $52000 to the current $59000.

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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.

I think for the past couple of weeks and months the value of bitcoin has been fluctuating within a range, going up and coming down. I would not tag the recent movement of bitcoin to be only as a result of the election debate between Trump and Kamala Harris. People who see the election as a reason may just be looking for any reason to believe that the outcome of the election will somehow have a huge significance on the market.
Maybe we are getting our hopes too high again looking at the election of the United States as a next big thing to influence bitcoin price, I don't think people should expect so much because too much expectation usually comes with disappointment when things do not happen as you expect. As an investor plan to invest for the long term.

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Quote from: serjent05 on September 12, 2024, 05:01:03 PM

I think the debate is not dedicated for Bitcoin so why does it affects Bitcoin? It is more focus on economy, policies, education, they simply talk about Bitcoin on how they can take advantage of the booming industry, so I think it is more on how to regulate Bitcoin to benefit the US.

Price may react but I do not think that it would be that great to make a huge impact on the Bitcoin market trade. The debate is all about how to get vote not about how to adopt Bitcoin, IMO.

If anyone spent time watching the debate, they would know that neither candidate mentioned bitcoin even once, how can they say that their debate could impact the market? The outcome of the election and who wins will affect the markets in some way, either positively or negatively, but that doesn't mean every piece of news about the election will impact the markets.

What I see is that we are becoming more and more sensitive to news, which inadvertently becomes a weakness and a loophole for market makers to exploit. It will be easier for them to manipulate the market the more we rely on news to predict the market. Bitcoin price volatiles are just movements based on supply and demand, we don't need to be too sensitive and think that Bitcoin only volatile based on news.

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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.

Harris has ruined Trump's day in their last debate. But that news was fake.

In fact, in my opinion, BTC was green due to the positive outcome from S&P 500

BTC is tied to it.

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.

I think that's not true. But the result from the debate was impacting MAGA token a lot. MAGA is tied to Trump's performance in his campaign.

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?

It's true. Crypto news websites used it as clickbait to get more visitors.

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