Topic: Did Trump - Harris debate really affect Bitcoin's price? - page 4. (Read 721 times)

There have been many significant events in the world in the last few days, as well as on any given day. Almost all of them directly or indirectly affect the cryptocurrency market. Of course, the debates between Trump and Harris also had some impact on the cryptocurrency, but often such an impact is contradictory, which ultimately almost neutralizes such an impact. Not all US voters associate Trump's victory with the further growth of the cryptocurrency price.

It is said here that the price of bitcoin after the debates first fell, and then began to grow. If you look at the price chart of bitcoin and other cryptocurrencies, you can see that the movement is different, but overall there is a positive change and some growth. And this suggests that Trump's loss in the debates is unlikely to have significantly affected the cryptocurrency market.

The blogs work with crypto trend and most often they write things that are not true, Only Coindesk and Cointelegraph are the best news report when it comes to crypto, the rest are just hungry wana be reporters that want to have audience to their platform otherwise how on hell will common debate influence the price of Bitcoin, not even election we are talking about but debate where two candidates says things that are not even needed.

Was the debate actually significant to other things? I'm not sure it was because of the debate the Bitcoin price fell a little, it was because people expected CPI data to be high which later resulted in low outcome compare to the expected value. When inflation number fell to 2.5%, that's when the price fell because people expected it to go higher than this but does it matter, the price has again adjusted yesterday and I don't even know the news why the price went up.

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.

debate between Trump and Harris is unlikely to drastically move Bitcoin's price. While some crypto news connects the debate to the price movement, there probably are more concerning factors at play. Other events, which are more concerning like inflation and upcoming CPI reports, would have more effect on the price of Bitcoin.

And there is also the tendency of media to latch onto big events such as debates to help explain moments of short-term volatility, crypto prices respond to a mix of factors including market sentiment and technical levels, not just political outcomes. IMO, even if Trump or Harris promise some positive policies about crypto, but if other factors are not supporting the crypto price wouldn't make significant move.

I'll let you in on a little secret. Most people have absolutely no idea which direction Bitcoin's price is going to go, because so many factors and events contribute to whether it will move up or down in one day or not, and nobody can coordinate all of that, not even powerful people. That is the power of decentralization, and why a perennial criticism against Bitcoin is usually "it is too volatile". Because it's not like a stock where only a few people at the top of the level can control it.

That is quite contradicting if you think about it.

Many say that if Trump wins the presidency, we shall see bitcoin rise. But if they are saying now that bitcoin’s rise is caused by Trump losing in a debate then what does it really say for their claim that bitcoin will rise if Trump wins?
I think sometimes people believe what they want to believe. It’s easy to blame the direction of the market to the recent events even if it does not fit the narrative that has been pushed for months now. It’s possible that bitcoin wasn’t all that affected by the debate. It’s still just a debate after all and not yet the deciding factor.

Bitcoin pump and dump incident already existing even though Trump vs Harris debate didn't happen so current movement is still normal since we don't see bigger changes after those event happen. Also I think its bad thinking to relate any certain movements to current election noise. Since It really doesn't change people stand and people will continue to do their thing with their bitcoin.

I also don't think automatically there's big changes will happen to bitcoin if Trump win since it will depends on the regulation that possibly implemented since if he just support it by word but no action done then there's still nothing will happen with bitcoin. Same with Harris if they just warn people regarding on crypto but allow them to use it then nothing will also happen since people could continue to do their transaction.

Everything will really depends on how they act with certain things either they create law to eliminate or allow it since this will determine the next movement of bitcoin.

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.

They use debate news as a clickbait as how they used news on possible policies of these nominees on Bitcoin and cryptocurrency market recent months. It's not surprised that they are continuing to plot different futures with two nominees together with possible plans of regulations on Bitcoin and cryptocurrency market.

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?

That is quite an observation. Market reactions to political events are many a time multifaceted and, in most cases, a result of many variables interplaying in the market. At the same time, some journalists jumped to conclusions when they felt that the surge in the price of Bitcoin was a result of the Trump-Harris debate. Nevertheless, one must acknowledge that cryptocurrencies depend upon many aspects of the market, such as sentiments, economic data, regulatory news, and general financial trends.

It is believed that the Bitcoin prices dropped owing to news about the feud between Trump and Harris. The subsequent rise on account of Harris' victory in the election could be facile. Crypto markets can be very volatile and the price fluctuations may be due to anything but a single event or dispute. Most such news stories are resorted to by the media for their appeal value. But it may not necessarily be the leading cause of the price rise.

When analyzing movements in the market multiple sources should be considered and many factors considered, although political events can affect the market. But the relationship between these stated logics and cryptocurrency prices is not always straightforward. Cryptocurrency market movements can be caused by many factors. Including investor confidence and other economic indicators.

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?