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Topic: Is The election worth the hype for BTC (Read 1127 times)

newbie
Activity: 5
Merit: 0
September 23, 2024, 11:25:28 AM
BTC will go up from here or possibility to down again?
member
Activity: 83
Merit: 16
September 23, 2024, 11:00:16 AM
I personally think it does matter. Overall, most of the retail is waiting for the election result and if it comes in favor of Donald Trump, BTC price will rise up quickly.
This is a pure speculation as of now however if this happens, you will see it happening right in front of you. Donald Trump winning as a US president is some how bullish for Crypto.

As he have advertised himself as a savior of Crypto.

I don't really believe much about the election manipulation as to what will become of Bitcoin after the election, nothing is very certain because people most times consider making promises or using strategies they feel is good enough to get much of support from people and after assuming office they do the other wise, the thing is we shouldn't raise a higher expectations, Bitcoin will still survive with or without the election manipulations.
sr. member
Activity: 546
Merit: 309
September 23, 2024, 10:07:41 AM
Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?
I believe there will be a lot of Bitcoin dumping because it happens in a four year cycle of Bitcoin. Bitcoin hasn't made a major crash yet after crossing the previous ATH and the price is gradually rising. Bitcoin will also crash after a bull run is seen in early 2025 but may take longer to crash if Donald Trump is elected. And if Donald Trump is not elected then the bitcoin market will have a destabilizing effect and then the crash will begin. this can be predicted. Although Bitcoin moves at its own pace, a lot depends on Donald Trump this time
hero member
Activity: 1148
Merit: 576
September 23, 2024, 12:16:27 AM
Agree but we will not know yet if he will not get elected but for current situation where the poll result came on its like the favor is not on his side anymore. Since its like many people think about more critical issue rather than getting bothered by their support of crypto industry. Right now Trump do all he can to convince people and his latest stints toward doing his first transaction to buy burger by using bitcoin create huge noise to bitcoin community.

What we can only hope here is those politicians is true to their words since if they do another shit talks again then provably that there's nothing gonna happen on what wanting to happen and Bitcoin adaption will just sit there especially if those politicians will not pay attention on creating good laws towards their regulation on bitcoin also with crypto.
The most important thing is that Trump's populism has not disappeared. This is his main problem. It is good to make a lot of loud statements, but in the end, none of this will be done. How can people still fall for this? Do they really have a very short memory? Is it difficult to remember the slogans that were heard several years ago? Well, it all looks somehow stupid.

Indeed, where does such confidence in Trump's victory in the elections come from? It seems to me that he has long since discredited himself. And he is not young anymore. The current generation does not want to see old people in power. They want colossal changes aimed at improving the way of life, and not to hear a lot of "loud" and beautiful words. The same applies to the crypto direction.
LDL
hero member
Activity: 742
Merit: 671
September 22, 2024, 04:37:00 PM
Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?
It is not certain whether the United States election has anything to do with the rising Bitcoin price.  However, the US is an important holder country in Bitcoin, so there will be some influence on the price fluctuation.

I don't believe that if Kamala Harris wins the election, bitcoin can go down to $30,000 or if Donald Trump wins, bitcoin can go to $90,000.
Even before Kamala Harris came to the election, the price of Bitcoin declined or even during the Biden regime, outside of the Donald Trump regime, Bitcoin reached a maximum of $ 74000 .
hero member
Activity: 952
Merit: 552
September 22, 2024, 04:19:30 PM
Everything that certainly affects the price of bitcoin, regardless if it's a big or small effect, will always be worthy of its hype. Most especially with this upcoming US election, bitcoin becomes a very important tool or device  that will determine the winning or losing of a certain candidate.

Like for instance, if Trump wins, most likely because the bitcoin community serves a larger population for voters. And if Harris loses, maybe because she was not able to get the votes from the bitcoin community, and that made her gain a disadvantage from this said election.

This is the very first time Bitcoin has ever been influenced by a US aspirant, actually there was already some candidates that were supporting Bitcoin before Elon made took it personal but they weren't influencing the way he is doing it right now but I saw the signs before now. I Think Donald Trump has planned this quite a long time, he had some NFT created last year, he sold them for ethereum and there were reactions everywhere, I think that was when I knew he was planning something.

Once election is over, we will see who is going to move on very fast. If Donald wins, Bitcoin will make moves even without saying anything again and people will always speculate positively about Bitcoin, there wouldn't be any fear much like now that some people are expecting the beer market but if Trump doesn't win, Bitcoin will make some correction but will be free from the political thing, the attention will be shift back to decentralization.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
September 22, 2024, 02:08:01 PM
As we can see, the price of Bitcoin is rising lately and I think there are no other events reported aside from the Election, so the quick answer to your question is yes. You don't need to put so much weight on the Election if you think it is like a chore to you because none of us is obliged of doing it anyway. And even if without the election thing, Bitcoin can still be able to grow on its own.

It is just that it is in the nature of people to be bored easily and they want things to keep on going. They see that the Election is the closest thing that they can get for now, so here you go. I won't say it is a dumb talk with or without Bitcoin involvement but Elections are in fact important as it dictates the faith of one's country. Don't mind those people who are fully optimistic about the Election and Bitcoin.

I don't see anything wrong with that and in fact it is a good thing because they are showing optimism there. I can only hate those who also hate Bitcoin and show negativity about it. Kamala Harris is I think not mentioning Bitcoin. It doesn't mean that she now hates it, so I wouldn't say that Bitcoin will now dump if she won but for sure Bitcoin will pumped up if Trump won the US 2024 Election.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
September 22, 2024, 12:39:30 PM
Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?
Dumb retail talk. The honey badger doesn't care.

I have no doubt that Bitcoin will continue to rise regardless of whether Trump or Kamala gets elected. However, if I had to bet on which one would be better solely in terms of fiat gains, I'd choose Trump. He may be skilled at masking his true stance on Bitcoin during conferences, but I'd still prefer that over someone who's openly opposed to Bitcoin and equally deceptive.
hero member
Activity: 3052
Merit: 606
September 22, 2024, 08:35:19 AM
Everything that certainly affects the price of bitcoin, regardless if it's a big or small effect, will always be worthy of its hype. Most especially with this upcoming US election, bitcoin becomes a very important tool or device  that will determine the winning or losing of a certain candidate.

Like for instance, if Trump wins, most likely because the bitcoin community serves a larger population for voters. And if Harris loses, maybe because she was not able to get the votes from the bitcoin community, and that made her gain a disadvantage from this said election.
hero member
Activity: 2520
Merit: 783
September 22, 2024, 07:24:39 AM
This is exactly my thought. In real sense, Trump cannot on his own manipulate the price of bitcoin, but a president who appreciates and supports the adoption of bitcoin will make lots of people have full confidence in bitcoin. Trump has quite a lot of influence on the people, this is evident in the price of bitcoin immediately after his first transaction with bitcoin. I believe that Trump is getting this much attention from the bitcoin community because everyone will have the freedom to carryout transactions openly with bitcoin without any form of restrictions from the government. Trump winning this election will create a conducive environment for individuals and institutions to adopt bitcoin and this will definitely have a great impact on the price of bitcoin.
If you paid with Bitcoin once, it means nothing at all. It's not enough. On a regular basis and daily. That's when I'll really believe that Trump supports the crypto world. How many times nothing has been done about it, but a huge number of loud words have been spoken. A person should be judged not by words, but by deeds. This is the only way to evaluate intentions. Do you agree with this?

Agree but we will not know yet if he will not get elected but for current situation where the poll result came on its like the favor is not on his side anymore. Since its like many people think about more critical issue rather than getting bothered by their support of crypto industry. Right now Trump do all he can to convince people and his latest stints toward doing his first transaction to buy burger by using bitcoin create huge noise to bitcoin community.

What we can only hope here is those politicians is true to their words since if they do another shit talks again then provably that there's nothing gonna happen on what wanting to happen and Bitcoin adaption will just sit there especially if those politicians will not pay attention on creating good laws towards their regulation on bitcoin also with crypto.
hero member
Activity: 1148
Merit: 576
September 22, 2024, 12:30:06 AM
This is exactly my thought. In real sense, Trump cannot on his own manipulate the price of bitcoin, but a president who appreciates and supports the adoption of bitcoin will make lots of people have full confidence in bitcoin. Trump has quite a lot of influence on the people, this is evident in the price of bitcoin immediately after his first transaction with bitcoin. I believe that Trump is getting this much attention from the bitcoin community because everyone will have the freedom to carryout transactions openly with bitcoin without any form of restrictions from the government. Trump winning this election will create a conducive environment for individuals and institutions to adopt bitcoin and this will definitely have a great impact on the price of bitcoin.
If you paid with Bitcoin once, it means nothing at all. It's not enough. On a regular basis and daily. That's when I'll really believe that Trump supports the crypto world. How many times nothing has been done about it, but a huge number of loud words have been spoken. A person should be judged not by words, but by deeds. This is the only way to evaluate intentions. Do you agree with this?
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
September 21, 2024, 03:55:46 AM

You may have seen how the price of Bitcoin rose after Trump paid for a service or product with it. Can you imagine what will happen if he becomes president? I can say with great confidence that the rate will definitely fly up. I have some kind of premonition of this event. Nothing can happen during such an important event for the whole world.
We will see it later when Trump become a new president. Besides that, the price still need time to increase and reach the high price. Perhaps Trump can helps the price to increase but that doesn't mean the price will jump to the high price in a short time. We hope that what we want can happen after Trump win the election which can affect to crypto market and makes the price start the rally without stopping. But that will not possible as when Bitcoin price increase, the correction will comes after that. With or without Trump, I believe the price will definitely go up and reach the new ATH even we don't know when that will happen.

I support him because I believe his administration will treat the crypto industry better but I don't think the day he gets elected will make bitcoin price skyrocket and so strong. There will definitely be hype if he wins but it won't be hype to the point where bitcoin price will hit $90k or $100k right after. I don't believe in such baseless predictions.

To see that, we need to confirm that after the election, he still maintains a pro-crypto stance and offers open policies for crypto and those things take time.

Have you ever thought about the opposite scenario: what if he gets elected and forgets all his promises? Don't put all your trust in politicians.
sr. member
Activity: 616
Merit: 271
September 21, 2024, 02:35:11 AM
#99
Trump will win the US election easily but i don’t think so that after the appointment of trump as President the price of bitcoin immediately increasing reach 90k usd. This year there will be no huge pump in bitcoin’s price, may be next year the price start increasing and bitcoin will reach new ATH price.
You may have seen how the price of Bitcoin rose after Trump paid for a service or product with it. Can you imagine what will happen if he becomes president? I can say with great confidence that the rate will definitely fly up. I have some kind of premonition of this event. Nothing can happen during such an important event for the whole world.
This is exactly my thought. In real sense, Trump cannot on his own manipulate the price of bitcoin, but a president who appreciates and supports the adoption of bitcoin will make lots of people have full confidence in bitcoin. Trump has quite a lot of influence on the people, this is evident in the price of bitcoin immediately after his first transaction with bitcoin. I believe that Trump is getting this much attention from the bitcoin community because everyone will have the freedom to carryout transactions openly with bitcoin without any form of restrictions from the government. Trump winning this election will create a conducive environment for individuals and institutions to adopt bitcoin and this will definitely have a great impact on the price of bitcoin.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
September 21, 2024, 02:21:43 AM
#98
Trump will win the US election easily but i don’t think so that after the appointment of trump as President the price of bitcoin immediately increasing reach 90k usd. This year there will be no huge pump in bitcoin’s price, may be next year the price start increasing and bitcoin will reach new ATH price.
You may have seen how the price of Bitcoin rose after Trump paid for a service or product with it. Can you imagine what will happen if he becomes president? I can say with great confidence that the rate will definitely fly up. I have some kind of premonition of this event. Nothing can happen during such an important event for the whole world.
We will see it later when Trump become a new president. Besides that, the price still need time to increase and reach the high price. Perhaps Trump can helps the price to increase but that doesn't mean the price will jump to the high price in a short time. We hope that what we want can happen after Trump win the election which can affect to crypto market and makes the price start the rally without stopping. But that will not possible as when Bitcoin price increase, the correction will comes after that. With or without Trump, I believe the price will definitely go up and reach the new ATH even we don't know when that will happen.
hero member
Activity: 616
Merit: 749
September 21, 2024, 01:27:13 AM
#97
That would be foolish to think that the price of Bitcoin will increase to such an extent because of Trump winning the election. We have seen cases where the price of Bitcoin was supposed to go high but didn't and those cases were better than the US presidential election. Dont you think it will be very fishy if the price goes up and people will start wondering if Bitcoin is truly decentralized as they say? Because for government affairs causing the rise of Bitcoin means there is manipulation somewhere. Unless the case will be different. Being positive right now I am expecting at least 80k from now to December, which means a new ATH is closer. Next year more ATHs will be broken too.

I'm not even expecting a new ATH to be that high by the end of the year, what I think will happen is the price of Bitcoin is going to fall after the election then it'll be trying to recover by the end of the year. Let say we get a new ATH, it  should be between $74k to $75k on 2024. The reason why I'm thinking like this is as many individuals like to sell their Bitcoin after a pump and they won't be considering that next year is going to be a very bullish market. Many individuals make this mistake and I think they're also going to be making the same mistake of selling too early. The election hype for Bitcoin is going to be huge and many traders will definitely be prepared in taking profits.
hero member
Activity: 1148
Merit: 576
September 21, 2024, 12:47:42 AM
#96
Trump will win the US election easily but i don’t think so that after the appointment of trump as President the price of bitcoin immediately increasing reach 90k usd. This year there will be no huge pump in bitcoin’s price, may be next year the price start increasing and bitcoin will reach new ATH price.
You may have seen how the price of Bitcoin rose after Trump paid for a service or product with it. Can you imagine what will happen if he becomes president? I can say with great confidence that the rate will definitely fly up. I have some kind of premonition of this event. Nothing can happen during such an important event for the whole world.
full member
Activity: 350
Merit: 157
September 20, 2024, 11:20:14 PM
#95
Trump will win the US election easily but i don’t think so that after the appointment of trump as President the price of bitcoin immediately increasing reach 90k usd. This year there will be no huge pump in bitcoin’s price, may be next year the price start increasing and bitcoin will reach new ATH price.
That would be foolish to think that the price of Bitcoin will increase to such an extent because of Trump winning the election. We have seen cases where the price of Bitcoin was supposed to go high but didn't and those cases were better than the US presidential election. Dont you think it will be very fishy if the price goes up and people will start wondering if Bitcoin is truly decentralized as they say? Because for government affairs causing the rise of Bitcoin means there is manipulation somewhere. Unless the case will be different. Being positive right now I am expecting at least 80k from now to December, which means a new ATH is closer. Next year more ATHs will be broken too.
sr. member
Activity: 462
Merit: 355
The great city of God 🔥
September 20, 2024, 06:58:49 PM
#94
Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?
Its just a dumb retail talk just as you have described, I don't see a good reason why people keep on emphasizing in this Issue because I believe bitcoin will just do fine wether election or not.

I see so many people believing that the election is everything for Bitcoin from here and out.
That is their own problem, as for me I don't give a fuck about that. Like I always said Bitcoin will always be fine with or without election.the only thing we should be more focused is to invest now that bitcoin has not surpassed the $100k.

hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
September 20, 2024, 04:16:13 PM
#93
Election doesn't have any impact in technical development of bitcoin, only thing is that people believe that after the election the president that emerged can stand against the development of bitcoin and that makes to be afraid of the person that will emerge neither Harris or trump, but I have not any thing that abolish the existence of bitcoin or reduced bitcoin to nothing, secondly the documents of bitcoin is own one person no single president can stop the existence of bitcoin on earth.

The technology of bitcoin in blockchain has gone viral but yet nobody can eliminate its existence, bitcoin can be regulated in a country but can't be destroy and that's one of things I want people who always be afraid of bitcoin to know. You can tender your support to anyone you feel that's credible to governor US government but don't be afraid nothing will happen to bitcoin.
hero member
Activity: 1470
Merit: 502
September 19, 2024, 11:12:00 AM
#92
Actually talking about elections and bitcoin I think is too not worth it to do because in the end the election is not a thing that can make bitcoin volatility stop so why make an issue of this as if the election has a very large role for bitcoin.

Bitcoin will still be on its own path the same as before where price movements continue to occur and it is very natural when there are increases and decreases because it is a thing that must happen for bitcoin. Regardless of whether there is an election or not it is actually not a reason that bitcoin will go up or down just because one of them wins. But many do not realise that we are actually led by opinion just because to raise political prestige as if they could intervene in bitcoin when in fact things like this are not true.
Bitcoin is an asset traded publicly, which means that even if the US election will not change deep down the core principles of bitcoin, the people that are trading and investing in it are a different story, as they can be easily influenced if a candidate takes a positive or negative attitude towards it, which could cause the price to drop and remain there for some time, with that in mind, it is natural people are giving as much attention as they can to this election, since the consequences of not doing so could be very real.
But in fact for now we can see that in the end many people, Especially beginners are more led to the opinion that bitcoin depends on the results of the presidential election that occurred which is precisely this is a misconception because their thoughts are always centred when Trump wins then bitcoin will increase and when he loses then bitcoin will decrease and it is clear that this is an error that needs to be straightened out.

Although there may ultimately be a slight impact that occurs when the election results are later created but it is only a small impact because in the end bitcoin is not an asset that can be herded just because of something political because we must be aware when the increase and decrease occurs it is purely from their volatility that continues to move not that the presidential election is now a big benchmark for bitcoin.
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