Friday, January 20, 2017, let's pay attention to that date

pinkflower

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Quote from: Carlsen on December 01, 2016, 03:47:09 AM

Quote from: Kevin77 on December 01, 2016, 03:32:49 AM

In my experience, all markets usually respond well in advance to expected and scheduled news and events and only for bomb blast or other calamity incidents market will react on that day.

The recent halving day price levels was big witness to this.

So, the US president sworn-in fluctuations may happen within 2016 itself just based on new government's policies.

I see it the same.
What the new president will do the first few days he has already announced. Leaving TPP won't be a surprise.
Sunday 4th December on the otherhand is something different. It's not clear at all if the Italian reform will go through.
If it does not that could bring serious trouble on the financial markets. And bitcoin would get a raise, most likely.

Am I a bad person for wanting a financial crisis to happen? I know it is selfish but the pending crisis is of their doing and it is out of our control. I will be disappointed if nothing happens and we are back here on Monday talking about something else.

romero121

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Unlike the official sovereign of Trump as the president, bitcoin is expected to have some major price variations by the start of the year. Possibly a good increase in price can be expected but it won't sustain long. Within a short time the price falls beyond the value from which it started to rise.

Carlsen

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Quote from: Kevin77 on December 01, 2016, 03:32:49 AM

In my experience, all markets usually respond well in advance to expected and scheduled news and events and only for bomb blast or other calamity incidents market will react on that day.

The recent halving day price levels was big witness to this.

So, the US president sworn-in fluctuations may happen within 2016 itself just based on new government's policies.

I see it the same.
What the new president will do the first few days he has already announced. Leaving TPP won't be a surprise.
Sunday 4th December on the otherhand is something different. It's not clear at all if the Italian reform will go through.
If it does not that could bring serious trouble on the financial markets. And bitcoin would get a raise, most likely.

bamboylee

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I doubt that bitcoin price will react just because trump will be seated in the office. Let us wait a little longer, when he actually make policies that will effect bitcoin positively. If that happens, then bitcoin will be more expensive. Or if the value of dollar plummets because of him, then surely bitcoin will be more valuable.

Kevin77

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In my experience, all markets usually respond well in advance to expected and scheduled news and events and only for bomb blast or other calamity incidents market will react on that day.

The recent halving day price levels was big witness to this.

So, the US president sworn-in fluctuations may happen within 2016 itself just based on new government's policies.

pinkflower

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Quote from: Karartma1 on November 26, 2016, 12:04:54 PM

I believe we don't have to wait for January 20th since there's another important checkpoint for the global economy: I'm referring to the Italian Constitutional referendum. Italians are called to vote on a major constitutional change. Many believe that if naysayers win we are going to see an important economic collapse.
So, before January look for December 4th. And then we'll talk again.

December 4th is this Sunday! Let's mark our calendars for this one and observe the price of BTC and see if there are any huge swings. To think that I thought the only highlight of my weekend is to get drunk with friends and watch El Clasico. There might be another much bigger highlight for Bitcoiners.

btcdevil

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Quote from: bitbunnny on November 29, 2016, 01:35:08 PM

Could be that inauguration will affect the Bitcoin price. But if this happens this will be completely irational because Trump and Bitcoins are not connected in.any way. So, market could react only because this will be important date for US. But I expect Bitcoin pump even before that date.

Then if we go according to your view then i think this rise in bitcoin was the effect of Trump winning the US electron, I dont think that it will give much impact on Bitcoin Market Until we dont see that what policies Trump will make in his view on the inauguration or after he takes the position

bitbunnny

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Could be that inauguration will affect the Bitcoin price. But if this happens this will be completely irational because Trump and Bitcoins are not connected in.any way. So, market could react only because this will be important date for US. But I expect Bitcoin pump even before that date.

thejaytiesto

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Quote from: ivanst776 on November 26, 2016, 05:36:33 AM

Quote from: thejaytiesto on November 25, 2016, 12:25:55 PM

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

I have seen that usually the bitcoin price after new year does not pump so we may see a drop (if not a pump)

The dollar probably will drop a bit because it was dropped also when Trump won the elections so it will not be a surprise.

January 20 is days away from the psychological factor of the new years event. If there is a dip in the new years event, then this may solidify the theory of a pump after Trump gets elected since people will see a buying opportunity with this so called new years dip, which by the way no one can know if it will dip or pump.

Stedsm

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I think that there is nothing much to worry about, because such limited decisions should not affect bitcoin's economy by any means.
And if there would be pump, it may be because of halving and not this, because Trump has already been selected as President, when at that time, nothing happened, what would happen when he will be elected?

pitham1

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Quote from: Karartma1 on November 26, 2016, 12:04:54 PM

I believe we don't have to wait for January 20th since there's another important checkpoint for the global economy: I'm referring to the Italian Constitutional referendum. Italians are called to vote on a major constitutional change. Many believe that if naysayers win we are going to see an important economic collapse.
So, before January look for December 4th. And then we'll talk again.

Does Italy have a role to play in the Bitcoin economy. I doubt if it is as important as say the US or China. Of course, if the vote results in uncertainty around the whole of Europe, Bitcoin may gain.

equator

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Quote from: thejaytiesto on November 25, 2016, 12:25:55 PM

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

I think not only for bitcoin world but Equity and Sensex market of world will also see lot of fluctuation on that day as what are the decisions Trump will make which will give impact to the market of full world. I think we can see a small rise but their will be more dump and we can see price down and selling pressure

ivanst776

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Quote from: clickerz on November 26, 2016, 10:49:19 AM

Quote from: ivanst776 on November 26, 2016, 05:36:33 AM

Quote from: thejaytiesto on November 25, 2016, 12:25:55 PM

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

I have seen that usually the bitcoin price after new year does not pump so we may see a drop (if not a pump)

The dollar probably will drop a bit because it was dropped also when Trump won the elections so it will not be a surprise.

Yes it is possible, the issue here is businessmen and investors trust to the President. But, when the dollar drop last election when Trump wins, you notice that bitcoin was high also?

Let us really observed what happens on that date.

You think It was high because of the digits but in the reality it had the same value.

And usually people at the end of the year spend lots of money on unnecessary thing like 4K TV etc just because they are on discount.

And so they lose the interest in bitcoin and that's why the price in the beginning of each year the bitcoin price doesn't go high.

Karartma1

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I believe we don't have to wait for January 20th since there's another important checkpoint for the global economy: I'm referring to the Italian Constitutional referendum. Italians are called to vote on a major constitutional change. Many believe that if naysayers win we are going to see an important economic collapse.
So, before January look for December 4th. And then we'll talk again.

clickerz

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Quote from: ivanst776 on November 26, 2016, 05:36:33 AM

Quote from: thejaytiesto on November 25, 2016, 12:25:55 PM

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

I have seen that usually the bitcoin price after new year does not pump so we may see a drop (if not a pump)

The dollar probably will drop a bit because it was dropped also when Trump won the elections so it will not be a surprise.

Yes it is possible, the issue here is businessmen and investors trust to the President. But, when the dollar drop last election when Trump wins, you notice that bitcoin was high also?

Let us really observed what happens on that date.

~Bitcoin~

legendary

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I don't think same event can have effect on price twice within short period of time and this goes for Trump getting elected as president.
Trump may start his journey as next president from january but this doesn't mean we will see sudden price pump again, but i think that will cause some dumps on asian market again.

jondeen707

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Just like any major political milestone that date is important, no doubt about that. But let's be honest, do you really believe it anything big can happen to bitcoin on this very date?

pinkflower

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Quote from: Snorek on November 25, 2016, 05:29:55 PM

Seriously, no. I doubt that anything will change on that day. This date is not significant at all. Everything what might happen when Trump was elected already happened.
If you really thinks that market will react to it like it is some kind of dark prophecy you are mistaken - only real confirmed legislation project of Trump can shift markets.
And so far he hasn't show us that has anything bitcoin related planned for the US.

This. It's just the OP making things up. If there was something that Trump can do to help BTC, that's to make stricter regulations making harder for the people to move money in and out of their country, more regulations on online gambling and more effort on the war on drugs. Oppression and more regulations will make BTC a more attractive asset.

ivanst776

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Quote from: thejaytiesto on November 25, 2016, 12:25:55 PM

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

I have seen that usually the bitcoin price after new year does not pump so we may see a drop (if not a pump)

The dollar probably will drop a bit because it was dropped also when Trump won the elections so it will not be a surprise.

talkbitcoin

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Quote from: audaciousbeing on November 26, 2016, 12:17:02 AM

From where I stand, I dont see the relevance of what the swearing-in of Donald Trump will have on the price of Bitcoin. His winning of the election have effect on Bitcoin and even much more things so I dont see anything changing, he is just coming into office maybe after few months and decisions and rules are rolling in, then I agree that this may have effect on Bitcoin.

well anything that gets hyped up can have effects on bitcoin price and the Donald Trump presidency and the future of crypto currencies have been getting hyped up a lot from the beginning of the election of US. and i believe it is partly because of the fact that he is a business man and is thinking about improving US financially and that may have good effects on bitcoin price also as more people invest in it.

Topic: Friday, January 20, 2017, let's pay attention to that date (Read 1907 times)