Did Trump - Harris debate really affect Bitcoin's price? - page 3.

mirakal

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Quote from: Maslate on September 12, 2024, 05:44:06 AM

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’d say if there’s an effect, it’s just a minor one. Price swings are pretty normal in crypto. If we really want to prove there’s an effect, we’d need to see a significant price jump or drop. Speculation is all it is right now, and people have different takes on that. I think we’ll see a bigger movement in price once the election winner is announced. That’s something to watch, because if Trump wins, it's predicted Bitcoin might pump. That sounds more likely compared to just a debate result affecting it.

True. Who would have thought that a single debate poll will affect bitcoin price, but I still believe it's more of a price fluctuations rather than giving all the credit to the result of the debate. Even if Trump wins on a debate, the effect would still be a minor one. Not a single debate will be able to manipulate the price of bitcoin, but if ever there is, probably more of a coincidence or let's just say a bigger reason is actually coming on its way. It takes days or a week before we'll realize it.

serjent05

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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.

Ambatman

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Many blogs can use anything to bait viewers.
Yes it did have a little slide down cause of the news since many believe that Trump would be a better option for cryptocurrency
So him under-performing affected some confidence
And the rise is most likely as a result of ECB cutting interest rate by 0.25%
Which may set a precedence for fed rate cut
Thus making Bitcoin an attractive asset to invest in
I think some individuals are already buying in anticipation to September 17th.

Don't believe everything you see on blogs.
Research and make clarifications first
The forum do help with that.

Hazink

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I just don't know why people give so much Bitcoin credit to Trump, like since he started running his presidential campaign, literally almost any statement that he makes or debates in respect to Bitcoin, the news will either carry it that it will impact Bitcoin negatively or positively.

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.

Cryptomultiplier

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Quote from: Fortify on September 12, 2024, 03:36:26 PM

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?

Everyone is always trying to link events to price moves in cryptocurrency but the reality is that there are just too many variables to accurately calculate. There have been extreme instances, like a big exchange getting hacked or when bitcoin ETF's were announced, where the timing is too coincidental to be anything else, but it's rare that more mundane events like a presidential debate is likely to have a strong effect. It's more likely to be economic related news that causes it to bounce or drop, so try to see past the politics unless a candidate says something specifically referencing crypto. The fact that the jobs market and the inflation rate in the US are stabilizing is likely fueling this latest rise.

I wouldn't be surprised if the campaign had a contributory effect on the price of Bitcoin currently because Trump is an advocate for the use of Bitcoin and cryptocurrencies foremostly because he accepts donations via crypto currency for his campaigns and his audience either have crypto currency holdings or investment or farms that mine crypto, that is as a result of cryptocurrency growth and future acceptance.
The price currently could also as rightfully said be a result of many other factors, but one thing to note is that, any serious investor would buy the dip, ignore the fomo and know how to cast their votes for the right candidate at the right time.

o48o

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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?

People who thought that debate would be relevant to the price probably panic sold when Trump went full trump in debate.

But truth is that no one knew how the outcome of the would affect to price, because no matter what happens, USA or trump doesn't control the price of the bitcoin. There have been several other issues in the world affecting into the price way more radically.

There have been way more radical price drops without clear understanding why those happened at the time. People can only speculate and they almost every time predict it wrong. Like the fact that it's supposed to be new gold, yet it drops in value when stocks drop. And other thing is, bitcoin is way more relevant to bitcoiners then rest of the world. Yet it seems we think that everything revolves around this, because this is "tech of the future". I mean it's neat tech, and sending value in a decentralized way is cool. But it's not changing everything and most people in the world don't even want to know about this.

Fortify

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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?

Everyone is always trying to link events to price moves in cryptocurrency but the reality is that there are just too many variables to accurately calculate. There have been extreme instances, like a big exchange getting hacked or when bitcoin ETF's were announced, where the timing is too coincidental to be anything else, but it's rare that more mundane events like a presidential debate is likely to have a strong effect. It's more likely to be economic related news that causes it to bounce or drop, so try to see past the politics unless a candidate says something specifically referencing crypto. The fact that the jobs market and the inflation rate in the US are stabilizing is likely fueling this latest rise.

TravelMug

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Quote from: Don Pedro Dinero on September 12, 2024, 11:52:46 AM

Personally, I don't think so either. The bitcoin price movement since the debate is within the normal volatility of bitcoin, so it doesn't seem at all likely. What are we to think? That as a result of the debate the price has remained more or less the same?

As far as I know, there was a jump after the debate that's why there are members who are asking it is really affected the price because we are not in the $58k region. The week before the news of the debate, we are slowly going on a downward spiral, and could be hitting <$50k, until it just hold on that price.

And obviously, after the debate, we have seen the price slowly getting up and we can attribute it to the debate itself in my opinion. I think investors are waiting for that one positive news. Of course, every rally we look for certain news that have impacted the price in a positive way. So we might consider this for now, unless someone has a better explanation of the boost in price in the last 48 hours.

Yaunfitda

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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?

It's really hard to see whether it was one of the factors that really push the market to $58k price point that we are seeing. There are members who said that Trump might have lost that debate and that Harris won as we can see that there is a shift in the odds. But if Trump, a pro crypto or avid Bitcoin enthusiast, lost then why is the price going up? It should be the other way around? So as much as I believed before that Trump could win and it could be good for crypto in general? I might have my doubts right now. So we will see how big this price rally because of the so called result of the debate will be. It could be just another trap or could be catching a falling knife scenario for traders. So we should still be careful of what we are seeing because of the politics in the US.

iv4n

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We have had countless similar discussions over the years... how much politics affects Bitcoin and the crypto world. US, China, Russia, Europe, etc... it doesn't matter which country we are talking about, the bottom line is the same, Bitcoin and the crypto world have their own path. When everyone thought that due to some changes in the countries mentioned above, prices would start to fall, the opposite happened, prices started to rise. Vice versa, when we thought they were going to grow, they fell... can we draw any conclusion from that?

The parties in power and the politicians who lead them think only of their own interests, we must not forget that. They don't care about crypto and all of us, they only think about themselves.

What time has shown so far is that Bitcoin and crypto are thriving, no matter what they all say and do. If the actions of politicians have any effect at all on crypto as a whole, it is all short-term.

EluguHcman

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

The speculations about Trump's political News affairs having effects on Bitcoin price is being too tedious for me to agree and even those acclaimed crypto sites that spreads these News has not been able to technically back this claims on how Donald Trumps Singlehandedly has been able to influence the price of a global digital currency as Bitcoin.

But if you ask me, I would say... That I am beginning to be convinced that truly, Trumps political media awarenesses really do have the influence.

Don Pedro Dinero

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Personally, I don't think so either. The bitcoin price movement since the debate is within the normal volatility of bitcoin, so it doesn't seem at all likely. What are we to think? That as a result of the debate the price has remained more or less the same?

Spaceman1000$

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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?

For the price of BTC to have gone up today, that tells you the reason for the drop in price earlier wasn't because of the debate Donald Trump had with Kamala Harris, it's just about the market forces displaying itself as market fluctuations happens every now and then, maybe the news agency are using the debate for a click bait just as you've rightly put, news agencies will do anything to sway the minds of readers and that's exactly what they've done.

Before now bitcoin has been growing on a steady trajectory with or without the input of Donald Trump, however it is good to mention that Donald Trump has been making statement about policies he will make for the betterment of the cryptocurrency and Bitcoin community, but that does not mean that even though he loses the election for instance that bitcoin will not continue it's growth, it is also of utmost importance to Note that the debate had a lot of discussions and it was not centered only on Bitcoin, so why will it have direct effect on Bitcoin price.

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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 don't think so lol. Pretty sure it's just a clickbait and whatever people say otherwise is just them forcing politics down the markets throat. The market was already showing signs of recovery from the 54k levels. I'd probably relate it more AFTER the election ends, and if Trump does win. He's more on the side of crypto afaik after all. Him doing something about crypto remains to be seen though but for now, his the more favored candidate for Bitcoin enthusiasts who do connect politics to crypto.

And as you've already said, even if it was connected, it should've went up due to the results. Honestly sounds dumb to relate the movement of Bitcoin to one factor really when there's countless factors.

Marvell1

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In the debate between Trump and Biden, they also did not mention cryptocurrencies and this time too, neither candidate mentioned cryptocurrencies in yesterday's debate. This shows that crypto is not a major factor in this election and they don't have much time to discuss every issue. Not to mention, I think it also depends on the questions the host asks.

I think the election results will have an impact on the crypto market but the debates or campaigns of the candidates will not have an impact on the market. I think the announcement of the inflation index is the cause of that volatility. CPI fell as expected but core CPI rose, a result that still failed to dispel recession fears.

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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 don't want to personally believe on this, because the bitcoin market in cryptocurrency has always been volatile ever since the beginning, so why should we get moved by the little bear which does not last more than some hours in determining for the reason why it happened, there is lot to talked about on the economic aspect, which if we continue to dive into, we may say that every happenings is the reason to what cause the bitcoin market volatility, but that wasn't.

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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?

From this speculation, one could see that what most of these crypto gurus or experts do is just guessing. Bitcoin price is controlled by many factors, and I think the debate will have an insignificant impact. I wonder how it will affect the price when crypto is not even mentioned by both candidates. Trump, who is seen as a crypto-friendly candidate, never mentioned anything related to the industry.

Maybe the outcome of the elections will have a bigger effect on the price. I think the CPI report contributed to the movement we saw in the market. But investors are targeting the outcome of the Feds meeting, believing that interest rates will be slashed. Maybe we might see a very bullish market if that happens.

Alpha Marine

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These days any significant change in the price of bitcoin is attributed to the US election candidate or something similar. I'm tired of seeing it.
Just last week bitcoin went down to about $53k was that because of the presidential debate too? On Monday it went up to about $57k before dropping again to 55 yesterday. What could possibly make this an effect of the presidential debate?

Bitcoin price is controlled by the demand and supply of bitcoin. The more people sell, the more the price drops, the more people buy, the more the price goes up. The demand and supply are caused by factors affecting the market and I know politics is one of them but I doubt there's any investor out there saying they have to sell their bitcoin because Harris might win the election or anybody saying I'll buy bitcoin because Trump might win the election. Bitcoinn price has been fluctuating from time immemorial, no point in giving relevance to irrelevant things.

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In yesterday's debate, not a single participant touched on their attitude towards cryptocurrencies. If we talk about Harris, then for her this is quite a normal phenomenon. Trump usually likes to declare his positive attitude towards crypto, but yesterday this did not happen. Either way, I would not rely on any candidate as a guarantor that will improve the regulatory environment for Bitcoin. Bitcoin is unpredictable, and we cannot be sure of a specific, single event after which the price of Bitcoin will confidently rise without various fluctuations.

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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?

Nah, it's just clickbait nonsense.
Who said that Harris won the debate? The mainstream liberal media with their made up polls? If you ask me, nobody won the debate.
Harris promises bigger corporate tax, which is bad for the business(including the crypto business). Why would the crypto prices do up just because Kamala Harris had "won a debate"? This doesn't make any sense. There are forces on the market, that caused this small price recovery and they have nothing to do with the presidential debate. I also expect the BTC price to keep dropping bellow 55K USD, but I won't explain why. Grin

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