If Kamala wins, how'd impact the crypto market and traders. - page 2.

doomloop

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Quote from: Z_MBFM on November 06, 2024, 09:14:56 AM

The election is already over and Donald Trump has officially won. Due to which the crypto market is not down yet and is in a good state. However, there was a lot of volatility in the market during the election. But since Donald Trump openly announced that he will do something positive with Bitcoin after winning the election and on the other hand Elon Musk is with Donald Trump and he also invests in Bitcoin so now something positive can be seen in the crypto market and the price of Bitcoin will soon cross 80-85 thousand dollars. can do So now wait for Donald Trump's speech about Bitcoin.

Didn't see this coming but congrats to him. I'm a bit easy on him because of his involvement in BTC lately but let us still see if he will truly do more good stuffs with BTC. Crypto market is already up since last time but I think yeah that if Trump loses and then the candidate which are anti-crypto wins, then that could have cause a decline in the market. The surge of volatility during Elections might be due to the excitement of the people. You know, there is a fear or losing their candidate and then there is also a confidence that their candidate can win, which also has their own set of actions (buying and selling).

Quote

the price of Bitcoin will soon cross 80-85 thousand dollars

I didn't expect this, especially with all these positivity lately but I like this better than those who always say $100k for BTC when that looks like a lot of skipping.

Alone055

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Quote from: Olatundespo on November 06, 2024, 10:52:41 AM

I agree with you. Trump has already won and he will fulfill his promise. Bitcoin price surged largely as a result of his win, and other cryptos continue to soar. But the reality is that you should keep buying and the pumping has started and may continue for a long time.

We can't say for sure that "he will fulfill his promise" because he has just been elected. For sure, there will be more important things for him to look upon before he turns his head towards this matter, however, as @tvplus006 said, the actual surge will only happen when he does something real for cryptocurrencies and Bitcoin in general. Until then, we will have to wait and watch.

If he turns out to be a liar and doesn't fulfill his promises, along with him losing credibility and a lot of support, the market might see a short-term dump which will make things a bit more difficult for Bitcoin's journey toward $100k as speculated by the majority of people in the market and industry.

So let's hope that whatever he did wasn't just a political gimmick to gain support and get more votes to win the elections and he actually shows some support towards Bitcoin and its holders and supporters.

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Quote from: tvplus006 on November 06, 2024, 09:42:52 AM

Quote from: Z_MBFM on November 06, 2024, 09:14:56 AM

The election is already over and Donald Trump has officially won. Due to which the crypto market is not down yet and is in a good state. However, there was a lot of volatility in the market during the election. But since Donald Trump openly announced that he will do something positive with Bitcoin after winning the election and on the other hand Elon Musk is with Donald Trump and he also invests in Bitcoin so now something positive can be seen in the crypto market and the price of Bitcoin will soon cross 80-85 thousand dollars. can do So now wait for Donald Trump's speech about Bitcoin.

Of course, the price has risen due to expectations that Trump will fulfill his campaign promises regarding cryptocurrency in general. But it can be assumed that after such euphoria, the price of Bitcoin will stabilize and the next pump may occur when Trump does something real for BTC, thus moving from promises to real deeds.

I agree with you. Trump has already won and he will fulfill his promise. Bitcoin price surged largely as a result of his win, and other cryptos continue to soar. But the reality is that you should keep buying and the pumping has started and may continue for a long time.

Faisal2202

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Quote from: Phoenixtrader on November 05, 2024, 12:34:14 PM

Hey! The market’s looking pretty solid at the moment, but I wonder if things could change if Kamala wins the election. It’ll be interesting to see how it all unfolds.

Also, for the traders here—have any of you joined those trading competitions where you earn trending tokens by hitting certain volume targets? I’m thinking about giving one a shot, and it’d be great to hear any stories or advice you might have.

I know the results are already out but If she would win the market would definitely dump because there was a hype and sentiment in the market that if Kamal won market will dump and if Trump will win then the market will pump but unexpectedly, I am not seeing any pump as he had won but still market did not pumped. Maybe just like this, Kamal's win might also not dump the market.

I think market will pump eventually when it has high demand, I think from this news future traders must have made a lot of money, my cousin who have no knowledge about crypto, who don't even know what's TP and SL and leverage (fully) is making money on news of Trump in future haha.

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Quote from: Z_MBFM on November 06, 2024, 09:14:56 AM

The election is already over and Donald Trump has officially won. Due to which the crypto market is not down yet and is in a good state. However, there was a lot of volatility in the market during the election. But since Donald Trump openly announced that he will do something positive with Bitcoin after winning the election and on the other hand Elon Musk is with Donald Trump and he also invests in Bitcoin so now something positive can be seen in the crypto market and the price of Bitcoin will soon cross 80-85 thousand dollars. can do So now wait for Donald Trump's speech about Bitcoin.

Of course, the price has risen due to expectations that Trump will fulfill his campaign promises regarding cryptocurrency in general. But it can be assumed that after such euphoria, the price of Bitcoin will stabilize and the next pump may occur when Trump does something real for BTC, thus moving from promises to real deeds.

Z_MBFM

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Quote from: Phoenixtrader on November 05, 2024, 12:34:14 PM

Hey! The market’s looking pretty solid at the moment, but I wonder if things could change if Kamala wins the election. It’ll be interesting to see how it all unfolds.

Also, for the traders here—have any of you joined those trading competitions where you earn trending tokens by hitting certain volume targets? I’m thinking about giving one a shot, and it’d be great to hear any stories or advice you might have.

The election is already over and Donald Trump has officially won. Due to which the crypto market is not down yet and is in a good state. However, there was a lot of volatility in the market during the election. But since Donald Trump openly announced that he will do something positive with Bitcoin after winning the election and on the other hand Elon Musk is with Donald Trump and he also invests in Bitcoin so now something positive can be seen in the crypto market and the price of Bitcoin will soon cross 80-85 thousand dollars. can do So now wait for Donald Trump's speech about Bitcoin.

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Actually during the election and voting counts the market seems get pump and people of course expect this because once trump becomes the president for sure the market goes pump as we expect, actually I expect the market gets dump with Kamala if she won because we know every time the election happens the market gets dump even the stocks and expect for retracement but it didn't happen yet instead we experience a good market trade profit for those who made a risk with their long position. Now we are happy because the BTC gets a new ATH of 75k!

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Quote from: slaman29 on November 06, 2024, 04:35:26 AM

You know I have a feeling even if Kamala won, BTC would still hit an ATH, in fact it would be an even bigger ATH just not as soon as today.

Votes still counting but Trump's got this one hands in the bag. And all that priced in is this new ATH. If you think about it, it's kinda disappointing it wasn't even a 10% jump.

Makes you wonder, maybe a crash first THEN ATH was better? Tongue

Only time will tell, we can only hope for the best for BTC no matter who wins in the end Grin

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Quote from: Phoenixtrader on November 05, 2024, 12:34:14 PM

Hey! The market’s looking pretty solid at the moment, but I wonder if things could change if Kamala wins the election. It’ll be interesting to see how it all unfolds.

Also, for the traders here—have any of you joined those trading competitions where you earn trending tokens by hitting certain volume targets? I’m thinking about giving one a shot, and it’d be great to hear any stories or advice you might have.

Well the election have a grave impact if Kamala wins. We all know how bullish are everyone if Trump wins and this reason will change when the other party wins. Though we still be able to get it back but not like the way how Trump wins.

Good thing that Trumps lead along the way and see how bullish the market for it for some traders.

slaman29

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You know I have a feeling even if Kamala won, BTC would still hit an ATH, in fact it would be an even bigger ATH just not as soon as today.

Votes still counting but Trump's got this one hands in the bag. And all that priced in is this new ATH. If you think about it, it's kinda disappointing it wasn't even a 10% jump.

Makes you wonder, maybe a crash first THEN ATH was better? Tongue

Josefjix

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Trump might win this election , this moment 80% of Pennsylvania voted counted and his up 218,000 votes. His likelihood of winning this election has increased according to polymarket odds:

95% Wisconsin.
96% Pennsylvania.
91% Michigan
98% Georgia.
Bitcoin reacting to the above poll has created all time high as it is trading at the moment $74,766, liquidity over $500,000,000 short positions according to recent reports from cryptocurrency market data analysis platform, coinglass.
Trump winning automatically giving great advantage to bitcoin and cryptocurrency in general and Kamara Harris winning is to bitcoin disadvantages as this market is driven by "fears and greed" investors will reacting in a way that might completely change the direction of trend long term.

JeffBrad12

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I pretty much also believe what people have stated here, probably a little bit of dump and then BTC starts picking up again.

the only way for BTC to lose its bullish sentiment is if there's something big like FTX collapse back then happened again which hopefully such thing won't happen again because i'm pretty sure any exchange already put countermeasure in place to not become the next FTX and hopefully this is the case.

both candidate will have their own regulatory direction for BTC indeed but I think as long as it's not something like massive ban it won't put the BTC market at danger.

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Quote from: BABY SHOES on November 05, 2024, 04:13:43 PM

You don't have to worry if Kamala wins this election... panic may set in but it will be short-lived and I see some traders and other investors expecting Trump to win.

I don't follow any trading competitions... just a small investor hoping Trump wins.
If you are expecting a trending token then this is the meme I see... as Trump and Kamala memes are trending now.

It may have short impact in the market but this market really doesn't rely on any politician. As we have seen, politicians or big economies like China can't topple this market, let alone, have big influence on the route of this market.

BABY SHOES

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You don't have to worry if Kamala wins this election... panic may set in but it will be short-lived and I see some traders and other investors expecting Trump to win.

I don't follow any trading competitions... just a small investor hoping Trump wins.
If you are expecting a trending token then this is the meme I see... as Trump and Kamala memes are trending now.

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If Kamala wins, we could see more regulatory focus on the crypto market. She’s been supportive of tech, but her administration might also push for stricter compliance standards. This could mean both opportunities and challenges depending on the specifics, possibly tighter regulations, but also maybe more legitimacy for crypto as a recognized asset class.

Finestream

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Quote from: mk4 on November 05, 2024, 12:36:22 PM

In my opinion,

Kamala win: dump then pump
Trump win: pump

Either way, bitcoin's going to $100,000 regardless of who wins; unless either candidate conducts a total ban on bitcoin in the US or something like that (very unlikely).

Well, that’s actually everyone’s expectations about Kamala and Trump. However, the effect will only be temporarily and then bitcoin will definitely follow its original pattern. But if ask when will bitcoin find its way to surge high and skyrocket again, that will remain uncertain. No one actually knows because everyone’s here is just making wild guesses or anticipations.

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Quote from: Phoenixtrader on November 05, 2024, 12:34:14 PM

Hey! The market’s looking pretty solid at the moment, but I wonder if things could change if Kamala wins the election. It’ll be interesting to see how it all unfolds.

There's no result yet but the price of Bitcoin went back to $70k. But whoever wins the race, we'll still be going up.
And another thread in reference: If Kamala Harris wins, Bitcoin will be fine.

Quote from: Phoenixtrader on November 05, 2024, 12:34:14 PM

Also, for the traders here—have any of you joined those trading competitions where you earn trending tokens by hitting certain volume targets? I’m thinking about giving one a shot, and it’d be great to hear any stories or advice you might have.

Take a shot and good luck. I'm not good at them and that is why I don't join competitions and I don't even consider myself as a good trader regardless of what rewards or prizes the exchanges have it stored for the participants.

Jegileman

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Quote from: Phoenixtrader on November 05, 2024, 12:34:14 PM

Hey! The market’s looking pretty solid at the moment, but I wonder if things could change if Kamala wins the election. It’ll be interesting to see how it all unfolds.

If Kamala wins, I don’t think we’ll see a significant surge in the price of bitcoin all of a sudden, it’ll take time even though there’s going to be a surge in the price. Her winning cannot stop bitcoin from attaining its all time high for this cycle. It’ll only have a short time effect on the price of bitcoin but not for a long time. She’s not a very good lover of bitcoin, so the news may tempt the market move to relax for a while.

Trump winning will immediately have effect on the price of bitcoin to the positive side. He’s a big time fan of bitcoin and just as we've seen in many of his campaigns, he’s going to make bitcoin a more accessible and user friendly currency for the US people. A rise in the price of bitcoin is much more certain when Trump wins the election than what Kamala wins. The market is in a state of danger for traders now, they need to be more careful with trades now than before.

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Quote from: mk4 on November 05, 2024, 12:36:22 PM

Kamala win: dump then pump
Trump win: pump

Either way, bitcoin's going to $100,000 regardless of who wins; unless either candidate conducts a total ban on bitcoin in the US or something like that (very unlikely).

This is exactly what's going to happen. Regardless of who is going to win, we will be entering into a stronger bullish trend in less than 60 days. But, I am still finger crossed about next 55 days if Kamala wins. Even I am not a trader, I do not want bitcoin going back to 50k zone again, feeling like staying around 70k levels would be more comfortable just for the reason of, we are about start a bullish year.

So we need to be more calm and ready, there aren't anything good for a long time, we are going to end up with a good result one way or another. Should be considered something that will take a while to decide though. The thing about this price action is that election is both known and not known at the same time. We will "know" who wins, but official results won't be anytime soon at all.

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This thread belongs more to speculation than trading discussion. It would be good if it is moved there.

Quote from: mk4 on November 05, 2024, 12:36:22 PM

Either way, bitcoin's going to $100,000 regardless of who wins; unless either candidate conducts a total ban on bitcoin in the US or something like that (very unlikely).

Neither of them can ban bitcoin. Even when bitcoin has not gotten to this extent, United States has been not hostile against bitcoin adoption. So who ever wins the election, bitcoin will definitely still go up. I am very sure also that bitcoin will get to ATH regardless of how wins the election.

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