If Kamala Harris wins, Bitcoin will be fine.

Agbamoni

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Quote from: $weetne$$ on November 05, 2024, 05:19:51 PM

What if Donald trump is in the disguise and just want to make use of the community to win the election but does not care about us. From the look of things

I won't be surprised if that is his agenda, but I don't think that is the case here. After all every presidential candidate would hold on to one thing the masses cherish the most and promise them heaven on earth in other to win the election. No doubt, Trump had a lot of support from the Bitcoin communities out there. Both in social media and social gatherings. The miners, traders, and largely the investors (Both aspiring and current) were in full support of Trump. He has won let's see what's next.

Quote from: $weetne$$ on November 05, 2024, 05:19:51 PM

But Donald Trump win can bring legalization to Bitcoin by trying to centralized it so the United states can try to control it as he has always been saying that he wants USA to control the market of Bitcoin and not China or another countries. But regardless of who is going to win, none of them can stop the progress of Bitcoin. Many president before them has tried but they failed because Bitcoin is not like their regular victims that the government ends

Please don't mention about centralization. Trump's win cannot push for centralization, it's impossible. Let's just hope that the market will be bullish soon enough. Anything other than that I cannot tell.

Baki202

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Quote from: HelliumZ on November 05, 2024, 04:14:28 PM

Donald Trump is ahead of Kamala Harris on political issues, that's why Donald Trump has made many positive comments about Bitcoin in various conferences. The United States is basically full of Bitcoin investors and they must have accepted this promise of Donald Trump which is why the number of voters of Donald Trump started to increase from his comments. Kamala Harris is not as experienced in politics as Donald Trump so she could not make any clear comments on Bitcoin. So for now it can be said that both the presidential candidates in this election have somewhat positive comments on Bitcoin but people trust Donald Trump which is why D J T is ahead in electoral votes so far.

Trump is more experienced when it comes to politics than Kamala and people have loved Trump from the moment the battle was left for Trump and Kamala I already knew that Kamala wouldn't be able to win against Trump and everyone was delighted about Trump winning and a lot of Kamala fans were not happy but there was nothing that could be done because we already know that the win can not be changed, and the fact that Trump has become a lover of bitcoin just makes things more interesting, and the comments and how trump showed a lot of support for bitcoin just makes it very easy, for him to get peoples attention and it was one of the tools that trumps used and during the election and when trump was leading it so bitcoin price was going up, this shows that it is going to be a good season for bitcoin because there will be less drama and maybe they can even the vat percentage for bitcoiners and that is part of the return bitcoiners need from trump.

Abiky

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Quote from: d5000 on September 12, 2024, 04:49:48 PM

Some folks are really obsessed with the US election. I can understand it partly because Trump, as the first candidate ever in US election history (afaik) has taken a very pro-crypto stance.

But that doesn't mean that Bitcoin will not be fine if Kamala Harris wins. Even if she didn't reveal her stance on crypto/Bitcoin (yet) and is likely to continue the Biden approach which is more skeptical to "crypto", above all altcoins.

For those reasons:

1) Even in Biden's "anti-crypto" tenure Bitcoin has done well. Not only did the price rise, but ETFs were approved, even for Ethereum.

2) The US are already a leading Bitcoin/crypto country. They don't need Trump for that. In the mining sector, they are "the" single leading country. There are also several exchanges in the country. At least ~50 million American people hold crypto according to estimations.

3) Altcoins are far more affected by the SEC policy than Bitcoin. The SEC's actions under Gensler were mostly directed to altcoin exchanges, the "staking" business (which is not even really PoS-style staking but often a ponzi-like construction of some exchanges) and DeFi projects which are not really decentralized, like Uniswap.

4) The US are only 4% of the world population. Bitcoin is a global currency. In addition, as shown above, in the US population crypto has already a high adoption (almost 20% of the population having already bought or held crypto). The potential for future price growths lies mainly outside the US where adoption is often still much lower, even in rich countries in Europe for example.

These "projections" that Bitcoin will fall to 30.000 or so if Harris wins are, in my opinion, completely baseless and overestimating the US influence on Bitcoin.

Discuss & Disagree

Of course Bitcoin will be fine. But it won't rise that quickly with the adninistration's "anti-crypto" rhetoric. Gary Gensler's actions (SEC chairman and a Democrat) caused many crypto exchanges and companies to move away from America. Trump has been frequently labeled as a "pro-crypto President", so him winning the race will lead BTC towards new heights. Or should I say, Bitcoin will rise faster if Trump wins. Actually, Trump is the projected winner of the presidential race. So nothing should stop BTC from going all the way to Mars. I think $100k is now closer than we've thought.

Anyhow, there's no denying Bitcoin will stand the test of time thanks to the way it was designed. If someday America abandons it, Bitcoin will just blossom somewhere else. It's a "global currency", after all. A bright future awaits for all Bitcoiners. Cheesy

$weetne$$

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Quote from: moneystery on November 05, 2024, 11:55:32 AM

yes it would be fine, but it would be much better if Trump wins this election. because you can see how trump promised that he will give the best to bitcoin in the american market and he will give bitcoin a chance to grow better there, in the long term of course this is very good for the development of bitcoin. while kamala did not promise anything good to bitcoin, instead she focused more on racial and lgbt issues which I think is disgusting. and you can't expect much in the future of bitcoin under her administration if she wins.

What if Donald trump is in the disguise and just want to make use of the community to win the election but does not care about us. From the look of things, I want him to win too but what if as Kamala is not concerned about Bitcoin, attention would not be on us and we will be left alone to do what we want. But Donald Trump win can bring legalization to Bitcoin by trying to centralized it so the United states can try to control it as he has always been saying that he wants USA to control the market of Bitcoin and not China or another countries. But regardless of who is going to win, none of them can stop the progress of Bitcoin. Many president before them has tried but they failed because Bitcoin is not like their regular victims that the government ends

Fiatless

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Quote from: HelliumZ on November 05, 2024, 04:14:28 PM

Donald Trump is ahead of Kamala Harris on political issues, that's why Donald Trump has made many positive comments about Bitcoin in various conferences. The United States is basically full of Bitcoin investors and they must have accepted this promise of Donald Trump which is why the number of voters of Donald Trump started to increase from his comments. Kamala Harris is not as experienced in politics as Donald Trump so she could not make any clear comments on Bitcoin. So for now it can be said that both the presidential candidates in this election have somewhat positive comments on Bitcoin but people trust Donald Trump which is why D J T is ahead in electoral votes so far.

I will agree that Donald Trump is more experienced since he has contested for presidential elections three times. Kamala Harris had a joint ticket with Joe Biden and this is her first experience as a presidential aspirant.

However, we cannot conclude that Trump is ahead of Harris politically. The female presidential hopeful was better in the presidential debate and both of them have almost equal scores in most polls.

Don't assume that Trump will win the elections because he is supporting the crypto industry. The members of the crypto community will contribute insignificant votes to the election because we don't have a large population. And other important issues will determine the outcome of this election. Americans are more concerned about immigration, abortion, LGBT rights, foreign policy, and gun ownership laws than Bitcoin. Bitcoin is just part of economic policies.

Miles2006

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Quote from: moneystery on November 05, 2024, 11:55:32 AM

yes it would be fine, but it would be much better if Trump wins this election. because you can see how trump promised that he will give the best to bitcoin in the american market and he will give bitcoin a chance to grow better there, in the long term of course this is very good for the development of bitcoin. while kamala did not promise anything good to bitcoin, instead she focused more on racial and lgbt issues which I think is disgusting. and you can't expect much in the future of bitcoin under her administration if she wins.

I thought as much whereby she never made mention of crypto if I’m not mistaken or it’s either she just know what’s best for the citizens and what’s best for her team. Also at the other hand Trump talking about crypto don’t stand a chance as what will happen next if he wins the election, let’s watch what will happen next before judging because from several situations using crypto as a means to win the heart of crypto enthusiast is common but some might not keep to their promise, it seems Trump is different and aside the false promise they give I believe Trump might act different towards crypto, what will be bitcoin stand from now till whenever matters a lot

red4slash

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Quote from: moneystery on November 05, 2024, 11:55:32 AM

yes it would be fine, but it would be much better if Trump wins this election. because you can see how trump promised that he will give the best to bitcoin in the american market and he will give bitcoin a chance to grow better there, in the long term of course this is very good for the development of bitcoin. while kamala did not promise anything good to bitcoin, instead she focused more on racial and lgbt issues which I think is disgusting. and you can't expect much in the future of bitcoin under her administration if she wins.

Actually in this case even though there have been remarks from Trump does not mean that it will also make bitcoin a thing that will indeed have a big advantage in the end because regardless of whoever in the end becomes president bitcoin will remain in its path without being able to intervene on both sides even though for now Kamala and Trump have different views where this is like an opposite magnet between each other.

Talking about temporary market impact will definitely still exist because after all this is like a battle of bitcoin opponents and bitcoin supporters so when the opponents win the market will be a little shaky for a while and vice versa when supporters win the market will start to lead to better things. But it is only temporary because in the end it is just the reaction of some traders who create new bubbles for personal gain by utilizing the presidential election as one of the means to profit.

HelliumZ

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Quote from: Fiatless on November 05, 2024, 04:02:19 PM

Quote from: HelliumZ on November 05, 2024, 03:33:41 PM

Of course the two candidates are making different promises on Bitcoin so whichever one of these two candidates is elected I think will definitely be good for Bitcoin. Electoral votes have started coming in from various states, so far Donald Trump is ahead. Donald Trump is likely to become president. Only time will tell whether the promises made on Bitcoin will come true if Donald Trump is elected president.

It was only Donald Trump that has made positive promises to the Bitcoin community when he spoke at the Bitcoin conference on July 27, in Nashville. He specifically said he would make the United States the "crypto capital of the planet and the Bitcoin superpower of the world”. Trump also promised never to sell the Bitcoin the government owns and he would even buy more of Bitcoin.

https://theconversation.com/make-bitcoin-great-again-what-donald-trumps-backing-of-crypto-could-mean-for-the-industry-235988

Kamala Harris has no clear policy on cryptocurrencies. Her comments about crypto is

Quote

“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.” Harris explained 
https://theconversation.com/make-bitcoin-great-again-what-donald-trumps-backing-of-crypto-could-mean-for-the-industry-235988

I checked and didn't see any announced election results. And there is no news that Trump is leading. Maybe you should drop a link to the news. Thank you.

Donald Trump is ahead of Kamala Harris on political issues, that's why Donald Trump has made many positive comments about Bitcoin in various conferences. The United States is basically full of Bitcoin investors and they must have accepted this promise of Donald Trump which is why the number of voters of Donald Trump started to increase from his comments. Kamala Harris is not as experienced in politics as Donald Trump so she could not make any clear comments on Bitcoin. So for now it can be said that both the presidential candidates in this election have somewhat positive comments on Bitcoin but people trust Donald Trump which is why D J T is ahead in electoral votes so far.

Cookdata

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Quote from: HelliumZ on November 05, 2024, 03:33:41 PM

Of course the two candidates are making different promises on Bitcoin so whichever one of these two candidates is elected I think will definitely be good for Bitcoin. Electoral votes have started coming in from various states, so far Donald Trump is ahead. Donald Trump is likely to become president. Only time will tell whether the promises made on Bitcoin will come true if Donald Trump is elected president.

Democrat and Republic has been the face of US elections for many years but you want the truth, Robbert Kenedy would have made a good choice in my opinion. The rest of the candidate stole that brilliant idea of Bitcoin support from him and suddenly they added it to their campaign starretgy because they wanted to carry every sector along just to win the election. Even Kamala didn't recognize Bitcoin until later after Trump has made all it's support for Bitcoin.

There is two things these two candidates will do, if Trump should win this election, that guy will be focus on getting his revenge than do the things he has promised and if Kamala win, she will be focus on what her paymaster told her to do. She definitely don't get to say what she want but the canals will tell her what to do and that means America isn't on her hands but on the hands on the people of the high tavel which is why till now, I don't like neither of them.

Fiatless

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Quote from: HelliumZ on November 05, 2024, 03:33:41 PM

Of course the two candidates are making different promises on Bitcoin so whichever one of these two candidates is elected I think will definitely be good for Bitcoin. Electoral votes have started coming in from various states, so far Donald Trump is ahead. Donald Trump is likely to become president. Only time will tell whether the promises made on Bitcoin will come true if Donald Trump is elected president.

It was only Donald Trump that has made positive promises to the Bitcoin community when he spoke at the Bitcoin conference on July 27, in Nashville. He specifically said he would make the United States the "crypto capital of the planet and the Bitcoin superpower of the world”. Trump also promised never to sell the Bitcoin the government owns and he would even buy more of Bitcoin.

https://theconversation.com/make-bitcoin-great-again-what-donald-trumps-backing-of-crypto-could-mean-for-the-industry-235988

Kamala Harris has no clear policy on cryptocurrencies. Her comments about crypto is

Quote

“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.” Harris explained 
https://theconversation.com/make-bitcoin-great-again-what-donald-trumps-backing-of-crypto-could-mean-for-the-industry-235988

I checked and didn't see any announced election results. And there is no news that Trump is leading. Maybe you should drop a link to the news. Thank you.

HelliumZ

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Of course the two candidates are making different promises on Bitcoin so whichever one of these two candidates is elected I think will definitely be good for Bitcoin. Electoral votes have started coming in from various states, so far Donald Trump is ahead. Donald Trump is likely to become president. Only time will tell whether the promises made on Bitcoin will come true if Donald Trump is elected president.

Orpichukwu

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Quote from: moneystery on November 05, 2024, 11:55:32 AM

yes it would be fine, but it would be much better if Trump wins this election. because you can see how trump promised that he will give the best to bitcoin in the american market and he will give bitcoin a chance to grow better there, in the long term of course this is very good for the development of bitcoin. while kamala did not promise anything good to bitcoin, instead she focused more on racial and lgbt issues which I think is disgusting. and you can't expect much in the future of bitcoin under her administration if she wins.

The worst set of people to trust and take their word to heart are politicians. Trump made some sort of promise of things his administration will do for bitcoin if he is elected into power; those I will tell are promises of a politician who wants to buy the hearts of voters.

Kamala, on the other hand, is also a politician who has not in any way carried crypto on her forehead of campaign, but to some extent I will rather trust Kamala for her unsaid words than to trust unstable Trump.

moneystery

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yes it would be fine, but it would be much better if Trump wins this election. because you can see how trump promised that he will give the best to bitcoin in the american market and he will give bitcoin a chance to grow better there, in the long term of course this is very good for the development of bitcoin. while kamala did not promise anything good to bitcoin, instead she focused more on racial and lgbt issues which I think is disgusting. and you can't expect much in the future of bitcoin under her administration if she wins.

d5000

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What could be the ideal outcome of the election for the Bitcoin community?

IMO it would be: Harris for president - small Republican majority in Congress.

Trump is not a trustworthy person. But more important, he's a protectionist (and thus anti-liberty). Protectionism has never helped the world economy, and eventually also can harm Bitcoin. In addition, I believe the danger that under his tenure crypto scams could flourish is real, and this could generate widespread anti-crypto sentiment in the US society. Irrational decisions when it comes to foreign policy are also a danger, which also could affect Bitcoin as we saw often dumps when for example the Middle Eastern conflict got back to the headlines.

A Harris victory instead would very likely continue the positive evolution and adoption Bitcoin enjoyed during Biden's tenure in the US society and economy.

But on the other hand, it would also not be ideal if Democrats get a too large majority in the US Congress. There is a fervescent anti-Bitcoin group in the Democratic Party (the group around Warren), and they could feel entitled to try to pressure for anti-Bitcoin laws if the Democrat majority is too large. The anti-Bitcoin group includes also some Republicans by the way, but it is stronger in the Dems.

Fortunately a large Democrat Congress majority seems unlikely. Republicans even according to the Democrat-leaning website FiveThirtyEight have a 90% chance of control of the Senate.

cr1776

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Yes, it will be fine. It will just be "more fine" if you have people who embrace liberty involved versus people who (like the EU and US bureaucrats) embrace command and control economies. The difference between communism/socialism/fascism and a free country.

MainIbem

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Quote from: fikrett on November 05, 2024, 02:17:41 AM

Quote from: ungkuahmad on November 04, 2024, 10:39:23 PM

why do you say like this sir, are you not thirsty for money now? that's impossible sir, the proof is that you are still in the crypto environment, you must be an investor or trader and you say that many citizens and individuals are naive to be deceived by money, then what about you sir? are you a holy person?

For some - first are the ideals behind something, and then the profit. You invest because you believe in something due to the tech used, the big institutions going in, the hype around it, the founders, or many other reasons. And you wouldn't do it just because somebody would say - the big sum awaits there Grin

Of course, many kind and unkind words can be said about it, and that all, in the end, search for the profit intact, especially currently in the crypto space, however - we don't need to forget what BTC stands for. And the elections won't change that.

we don't need to forget what BTC stands for. And the elections won't change that. Very nice and correct statement and my opinion concerning the election saga is that either ways Bitcoin would still be progress but just that if Trump wins their would be a fasters progression and more adoption of Bitcoin, he's a Bitcoin lover and if he wins he'll implement certain rules that would favour Cryptocurrency (Bitcoin) especially and that alone would influence lots of people to start using Bitcoin and I believe there's a possibility of it causing Bitcoin to get to the 100k mark more quicker. Well, change they say is constant, Kamala might not be a Bitcoin enthusiast yet but there's a room for change, i could remember Trump himself was a Bitcoin hater until he began to understand the benefits of Bitcoin and Cryptocurrency at large therefore I won't be suprised if Kamala wins and start supporting Bitcoin after a while.

FortuneFollower

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Quote from: CryptoBuds on November 04, 2024, 10:39:47 PM

Quote from: ThemePen on November 04, 2024, 08:35:43 PM

Upcoming US election is generating significant interest among crypto enthusiasts particularly due to Donald Trump pro crypto stance and Kamala Harris' relatively unclear position. Simply put Trump views on crypto are well known while Harris views are still unclear. However it is essential to note that Bitcoin has performed remarkably well under Biden administration with rising prices and approved ETFs for Ethereum. US is already leading player in crypto space dominating mining and hosting numerous exchanges with approximately 50 million Americans holding crypto. This strong presence suggests that US crypto market can withstand changes in administration. While Harris victory might not significantly impact Bitcoin altcoins are more vulnerable to SEC policies.

The election is not only generating interest among bitcoin investors but the whole world is also looking forward to the US election results as our economy in the next 4 years will depend on the new president's policies.

There's no denying that bitcoin has done quite well under Biden, but we also shouldn't deny that Harris' ambiguous stance on bitcoin is truly worrying. Bitcoin ETFs have been approved so banning bitcoin is out of the question, but if she doesn't care and doesn't want to be friendly with it then it will also cause challenges in bitcoin's development. Meanwhile, if there was a pro-bitcoin president, it would be much better for bitcoin as well as the crypto industry. We cannot deny this and it is understandable why people mostly support Trump because they want the best for bitcoin.

Don't you think it's all a buzz before the polls close in and the month or some pass afterward?
Sure, facts play into Trump's hand here, however - they are all politicians, after all.

fikrett

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Quote from: ungkuahmad on November 04, 2024, 10:39:23 PM

Quote from: Ambatman on November 03, 2024, 05:56:46 PM

Many naive citizens and individuals would be scam if their money.

why do you say like this sir, are you not thirsty for money now? that's impossible sir, the proof is that you are still in the crypto environment, you must be an investor or trader and you say that many citizens and individuals are naive to be deceived by money, then what about you sir? are you a holy person?

For some - first are the ideals behind something, and then the profit. You invest because you believe in something due to the tech used, the big institutions going in, the hype around it, the founders, or many other reasons. And you wouldn't do it just because somebody would say - the big sum awaits there Grin

Of course, many kind and unkind words can be said about it, and that all, in the end, search for the profit intact, especially currently in the crypto space, however - we don't need to forget what BTC stands for. And the elections won't change that.

CryptoBuds

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Quote from: ThemePen on November 04, 2024, 08:35:43 PM

Upcoming US election is generating significant interest among crypto enthusiasts particularly due to Donald Trump pro crypto stance and Kamala Harris' relatively unclear position. Simply put Trump views on crypto are well known while Harris views are still unclear. However it is essential to note that Bitcoin has performed remarkably well under Biden administration with rising prices and approved ETFs for Ethereum. US is already leading player in crypto space dominating mining and hosting numerous exchanges with approximately 50 million Americans holding crypto. This strong presence suggests that US crypto market can withstand changes in administration. While Harris victory might not significantly impact Bitcoin altcoins are more vulnerable to SEC policies.

The election is not only generating interest among bitcoin investors but the whole world is also looking forward to the US election results as our economy in the next 4 years will depend on the new president's policies.

There's no denying that bitcoin has done quite well under Biden, but we also shouldn't deny that Harris' ambiguous stance on bitcoin is truly worrying. Bitcoin ETFs have been approved so banning bitcoin is out of the question, but if she doesn't care and doesn't want to be friendly with it then it will also cause challenges in bitcoin's development. Meanwhile, if there was a pro-bitcoin president, it would be much better for bitcoin as well as the crypto industry. We cannot deny this and it is understandable why people mostly support Trump because they want the best for bitcoin.

ungkuahmad

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Quote from: Ambatman on November 03, 2024, 05:56:46 PM

Many naive citizens and individuals would be scam if their money.

why do you say like this sir, are you not thirsty for money now? that's impossible sir, the proof is that you are still in the crypto environment, you must be an investor or trader and you say that many citizens and individuals are naive to be deceived by money, then what about you sir? are you a holy person?

Topic: If Kamala Harris wins, Bitcoin will be fine. (Read 1897 times)