Is The election worth the hype for BTC - page 3.

legendbtc

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Quote from: kryptqnick on September 12, 2024, 08:28:06 AM

The US elections are an important geopolitical event, as its outcome has a long-term impact on a number of issues and on many countries. But Bitcoin is fairly autonomous, fairly independent of what is going on in the US. It's been growing under various US presidents of both parties, and it can continue growing in the future, no matter who wins. Even if Trump wins and Bitcoin gains some traction, it will likely be a temporary boost. If Kamala wins, I think it will be simply of little impact, unless some sort of anti-crypto legislation is introduced, and then we can have a negative temporary impact.

Is Bitcoin a financial market? And how independent will it be when the US is the center of the world financial market and accounts for over 49% of the world's total market capitalization? The most practical example of this is: the largest inflow of capital into bitcoin right now is through bitcoin ETFs, and the majority are trading in the US. So it would be incorrect to say that bitcoin has nothing to do with what is going on in the US.

I don't like the US because of their dictatorship on the international stage but I won't deny their influence and importance to the world economy or any sector in the world including bitcoin. They control and influence almost everything in this world, I don't think they will ignore bitcoin or it can avoid them.

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Quote from: Ambatman on September 11, 2024, 05:58:26 AM

The effect is temporary.
Even if kamala wins, Bitcoin would still survive it
Trump wins? Great, a relatively friendlier administration towards Bitcoin.
Bitcoin survival is not tied to the US election instead like everything that exists in an environment
It is affected by political changes or factor
But said change wouldn't have a lasting effect on Bitcoin.

FUD or FOMO is one of the things I know would be rampant the day or days after the election.
Just try not to be blinded by short term tantrums.

I do agree that there will be a huge increase or decrease in price during that period without a doubt. I am not saying that it will be simple to navigate and we may have some harsh days, but I think just holding through that period would be fine and not cause any issues at all. While the volatility would make a lot of traders either poor or rich depending on if they are right about the movement, I think it is going to be not a big deal when it comes to bigger results as well.

I just believe that we need to do something that will take a while, and we can't see something that changes all that complicatedly, so we shouldn't really consider that as a big threat. So all in all, we need to just make sure that things are doing fine and we can invest heavily and just hold it and wait it out. That's how we make money, we wait it out and we can make money because that movement after the election will eventually calm down, and that's when you will realize holding is fine.

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The US elections are an important geopolitical event, as its outcome has a long-term impact on a number of issues and on many countries. But Bitcoin is fairly autonomous, fairly independent of what is going on in the US. It's been growing under various US presidents of both parties, and it can continue growing in the future, no matter who wins. Even if Trump wins and Bitcoin gains some traction, it will likely be a temporary boost. If Kamala wins, I think it will be simply of little impact, unless some sort of anti-crypto legislation is introduced, and then we can have a negative temporary impact.

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Well, it is true that Bitcoin has also surpassed political events and fluctuating policies in the past, so maybe for people who aren't living in the U.S, putting too much significant amount of weight on this U.S. election does feel like a bit of an exaggeration. As would be expected, analysts remain divided on the ramifications brought about by the 2024 election. Various reports have claimed that if Trump manages to win, Bitcoin could surge as high as $90K due to his crypto-friendly stance. On the other hand, some analysts think that, in the long run, Bitcoin's growth will be less dependent on election results and refer to its history of resilience across varying political climates.

At the same time, while the election may impact short-term market psychology-most of all because of likely regulatory changes-the truly deeper reason behind Bitcoin's resilience lies in its being a decentralized system and organic growth of adoption across the world. As important as politics might be, Bitcoin has more going for it than election results.

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Quote from: Zlantann on September 12, 2024, 12:37:11 AM

Quote from: mindrust on September 12, 2024, 12:00:21 AM

It is definitely worth it. This election is a choice between communism and capitalism. On one side we have that woman trying to raise taxes and put regulations on crypto, bring in more illegals and make everyone’s life even more miserable than it already is; on other side Trump is promising the exact opposite stuff. Cheap energy, less taxes, less regulations, less illegals etc. I think this is an IQ test which so many people want to fail but I believe in the US people. I think they are smart and patriotic and that’s why they won’t get fooled by her.

Many people here don't care about other policies of these presidential candidates because their focus is just the crypto industry. They want to know about immigration or tax policy; they just want to support a candidate that will be friendly to Bitcoin. Trump has promised so much to the crypto community, but his records are making people doubt his ability to implement them.

I also don't care about other policies or issues outside of crypto, the only thing I care about is the future of crypto and I will support candidates based on my interests.

There is no denying that Trump did not support Bitcoin in his previous term but everyone can change their views on Bitcoin , so why can't he? Or maybe he's just hyping to get more votes for himself, but do we have any evidence of that? No , it's all just speculation by his haters . Not to mention , look at the Biden administration's crypto policy and what Harris has done so far , she has been completely silent and ignored everything about crypto during her campaign. It is not a good sign for the industry if she intends to maintain Biden's stance on crypto .

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Quote from: Davidvictorson on September 11, 2024, 07:44:57 PM

This is the point I was trying to make initially when I first read the post but since I didn't have like a good pictorial evidence to back it up, I kept mum. Reading your reply is in line with that thought. Bitcoin and the US election are a parallel. The only difference between this election and then last ones are that there are more people in the community who have donated Bitcoin to fund the campaigns of both candidates than there was in 2016 and 2020 when Trump and Biden won the election.

Bitcoin will continue to be affected by economic and political events, especially in the US. This is because of its massive involvement in the crypto industry, and its position as the world's largest economy. The market will always respond to sentiments which could be political. With the inclusion of Bitcoin as a campaign promise it is normal for the market to react positively if the winner has proposed fair crypto policies. The US election will affect Bitcoin in the short run, but the market will recover in the future.

Quote from: mindrust on September 12, 2024, 12:00:21 AM

It is definitely worth it. This election is a choice between communism and capitalism. On one side we have that woman trying to raise taxes and put regulations on crypto, bring in more illegals and make everyone’s life even more miserable than it already is; on other side Trump is promising the exact opposite stuff. Cheap energy, less taxes, less regulations, less illegals etc. I think this is an IQ test which so many people want to fail but I believe in the US people. I think they are smart and patriotic and that’s why they won’t get fooled by her.

Many people here don't care about other policies of these presidential candidates because their focus is just the crypto industry. They want to know about immigration or tax policy; they just want to support a candidate that will be friendly to Bitcoin. Trump has promised so much to the crypto community, but his records are making people doubt his ability to implement them.

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It is definitely worth it. This election is a choice between communism and capitalism. On one side we have that woman trying to raise taxes and put regulations on crypto, bring in more illegals and make everyone’s life even more miserable than it already is; on other side Trump is promising the exact opposite stuff. Cheap energy, less taxes, less regulations, less illegals etc. I think this is an IQ test which so many people want to fail but I believe in the US people. I think they are smart and patriotic and that’s why they won’t get fooled by her.

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Of course, Bitcoin has nothing to do with the US elections because it existed before them and will remain so after them, but what do we do if Uncle Sam's country rules the world and all international situations from politics to economics are linked to US policy and thus to US elections because the new president will determine new policies.

So it is natural for Bitcoin to be affected by the results of the US elections because if the winner is pro-Bitcoin, the results will be positive and vice versa if a president who is anti-Bitcoin wins, but in the end Bitcoin will remain and surpass all of these.

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Quote from: FirmWars on September 11, 2024, 04:53:41 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?

There is an impact on it but don't put too much weight on it. Bitcoin with or without the elections, it keeps on thriving and there's no way to stop it even whoever sits in the POTUS and wins the election and somehow surprisingly declare a ban on Bitcoin but it's unlikely.

Quote from: FirmWars on September 11, 2024, 04:53:41 AM

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

Not really. If I'd give my opinion about election and halving, say that 70 for halving and 30 for the elction.

Quote from: FirmWars on September 11, 2024, 04:53:41 AM

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

Either of them, Bitcoin is going to reach $100k and it will surpass that.

Quote from: FirmWars on September 11, 2024, 04:53:41 AM

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?

I wouldn't stress myself out with any of those. Just let them come.

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Quote from: Davidvictorson on September 11, 2024, 07:44:57 PM

Quote from: Helena Yu on September 11, 2024, 07:16:45 AM

Wrong, Bitcoin was invented in 2008 which is 16 years old while Kamala Harris born in 1964 and Trump born in 1946, both of them are older than Bitcoin.

There's nothing like if x person wins Bitcoin price will move to x price.
Trump won election in 2016, it doesn't make Bitcoin price pump, one year later Bitcoin make new ATH.
Biden won election in 2020, it doesn't make Bitcoin price pump, one year later Bitcoin make new ATH.

So, regardless which one wins the election, it doesn't affect Bitcoin to create new ATH in the next year!

This is the point I was trying to make initially when I first read the post but since I didn't have like a good pictorial evidence to back it up, I kept mum. Reading your reply is in line with that thought. Bitcoin and the US election are a parallel. The only difference between this election and then last ones are that there are more people in the community who have donated Bitcoin to fund the campaigns of both candidates than there was in 2016 and 2020 when Trump and Biden won the election.

Years ago, investors like us or bitcoin did not care about macroeconomic factors like inflation, interest rates, recession...But do you see how that has completely changed in today's age? Bitcoin price movements are almost always influenced by global macro news. So, don't deny that the upcoming election results won't affect bitcoin's growth.

We have pointed out that the biggest obstacle to bitcoin is the government, they hinder the growth and popularity of bitcoin by regulating and even banning people from using it. So I don't think bitcoin can hit a new ATH next year if the president issues a ban or prevents institutions from pouring money into the market. How will the market grow without large capital inflows?

Don't forget that the United States is still the country that contributes the majority of the world's GDP, whether the world economy can develop or not still depends on them. Bitcoin is also part of this economy, bitcoin cannot develop if it is separate from the world economy.

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It's obviously the latter, "just a dumb retail talk".

Whoever wins this election, whether he/she is pro-Bitcoin or anti-Bitcoin, Bitcoin will continue on its rugged path on its way upward. Administrations, presidencies, governments and their stand on Bitcoin don't determine Bitcoin's fate. This may sound a bit of an exaggeration but Bitcoin actually grew strong and solid out of its infancy when everybody was against it. It reached unimaginable heights, registered one ATH after another, despite presidents warning against it or at least indifferent to it.

Bitcoin doesn't need presidents. Presidents might need Bitcoin though.

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Quote from: Helena Yu on September 11, 2024, 07:16:45 AM

Wrong, Bitcoin was invented in 2008 which is 16 years old while Kamala Harris born in 1964 and Trump born in 1946, both of them are older than Bitcoin.

There's nothing like if x person wins Bitcoin price will move to x price.
Trump won election in 2016, it doesn't make Bitcoin price pump, one year later Bitcoin make new ATH.
Biden won election in 2020, it doesn't make Bitcoin price pump, one year later Bitcoin make new ATH.

So, regardless which one wins the election, it doesn't affect Bitcoin to create new ATH in the next year!

This is the point I was trying to make initially when I first read the post but since I didn't have like a good pictorial evidence to back it up, I kept mum. Reading your reply is in line with that thought. Bitcoin and the US election are a parallel. The only difference between this election and then last ones are that there are more people in the community who have donated Bitcoin to fund the campaigns of both candidates than there was in 2016 and 2020 when Trump and Biden won the election.

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I often rubbish the hype around the US election in relation to cryptocurrency as many extremists are highly unreasonable about it as if it will determine the winner of the US election, but how?

Notwithstanding, a friend of mine analysed this in a reasonable way which stopped me from viewing the drama in the normal political and economic views.

He said those hypes may not hold water directly, but they can motivate more people to adopt Bitcoin or invest more in it. This investment may not be from those who are hyping it but it is some kind of marketing for Bitcoin even though they know what they are saying is not true. But for it to have a significant impact before, during and after the election is false, it will only get excited a bit and that will be all.

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Quote from: FirmWars on September 11, 2024, 04:53:41 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?

It's a dumb idea to put all the expectations regards the future of Bitcoin on short run over an election, even though it's the most influential country in the world. But that is how things work nowadays in crypto industry... From decentralization to idolization around determined figures of power.

People continue repeating the same mistakes by putting all their hopes on politicians in order to improve their lives. If Trump was an inedit alternative, with a clean history, I would give him the benefit of the doubt, but it's not the case here anymore. He has already been president once, and many of his proposals didn't happen for real, what configures him as a liar.

Now what he says can't be taken seriously, because you already know his character. His words mean nothing after all. He is a politician like any other. He isn't going to drain the swamp, neither fight the crooked establishment. He is part of it.

Regards the other side, well, no comments... The scenario is pretty bad. That is not an exclusivity of USA, though. The political scenario in most countries is probably on its ethical and cognitive bottom right now.

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Mate everybody is entitled to feel anything towards bitcoin regarding the election, as long as I know that bitcoin and the election has nothing to do with each other I just say off those who speculated bitcoin price using the election results as determinant.

I wonder what brought up this issue of bitcoin price depending on election result because definitely bitcoin has it's mechanism, processes and regulations on how it works and election or politics has not practical part in it, it only matters based on regulations towards users and not bitcoin itself, so Either Trump nor Kamala becoming the president of the US has absolutely nothing to do with bitcoin price, even though it might seem to affect it a little bit either positively or negatively but bitcoin mechanism is designed to always allow those temporary determinants but will have a price correction in few weeks or days after the temporary reaction.

All I can urge people is to study bitcoin patterns and mechanisms and stop speculating bitcoin price using election result none of those individuals is worth determining the price of bitcoin.

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I think it is worth the hype since it will help since both of them accepts bitcoin so if they did that then many people will surely be into crypto because of the hype although it won't be for a long term because every hype has its end. If the candidates doesn't include btc in their campaigns then there won't be a hype and since they include it especially trump who has more approach to people with it like the problem with the sec and etc.

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Quote from: Stablexcoin on September 11, 2024, 04:56:02 PM

The interest of these candidates in Bitcoin is very unlikely. I don't know why presidential aspirants always look for a global means to hold the masses to do their bidding in any election period. Trump understands that the world has changed and it is more of digital technology. The number of Bitcoin enthusiasts in the US within the 4 years margin has increased significantly. And that is why they now claim they have adopted that change knowing full well that they will not fulfill all their promises after the election.

That's what actual politics is about, using the interest of the people with large communities to push way into position, Trump giving his promises to the Bitcoin community while Kamala identifying as being part of the black community, everything is surrounded by appeasing the people with what they've longed to hear.

Following news from the election process, both top contenders (Trump and Kamala) have an outstanding amount of people in community to fire back if any of them successfully gets into power, it might aggrevate to impeachment if the successful emerged candidate failed to posses all as promised, so I believe non of them would likely want to say what they wouldn't do. Trump made his promises to the community and I believe he would adhere to his pledges as per agreement.

We all will feel impact of the election on Bitcoin price, since it isn't something designed on such news factor It wouldn't last longer, even if the price should fall nothing changes because in some week or few the market retains it rightful position. We can be less bothered about the election and what it has to do with Bitcoin price.

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Quote from: FirmWars on September 11, 2024, 04:53:41 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?

People can't avoid speculation. And there are even some that wanted to start such speculation due to some propaganda. I do not think that the US election have some weight on the Bitcoin economy right now, but if the one who would win supports Bitcoin, then in the future maybe.

I believe all this hype about Bitcoin and US election are just some people wanting to influence people belief and trigger their speculative mind to be active.

Quote from: FirmWars on September 11, 2024, 04:53:41 AM

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?

That's funny how people think that way... I believe some make such news of politician accepting Bitcoin for donations and politicians supporting Bitcoin is just to get a vote... I do not really think these politician are really serious about what they are showing.

Quote from: mirakal on September 11, 2024, 04:59:35 PM

Quote from: ImThour on September 11, 2024, 05:02:44 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.

Just the fact that Trump is now raising the community of bitcoin, then that's probably something to be talked about and become hype in the forum. Otherwise, if it's no longer relevant on bitcoin and the crypto market, then it shouldn't be taking our most of our time talking about it.

What? Trump raising the community of Bitcoin? How does he raise it or how does he help raising the community of Bitcoin? I maybe missing some news so it would be great if you update me on this.

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Quote from: FirmWars on September 11, 2024, 04:53:41 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?

Investors in bitcoins are trying to remain very optimistic about their investment, some of them who just invested before the proposed halving were dissapointed by it, and so are maybe looking for other positive events as possible events that will raise the bitcoin value to what they expect it to be. The USA election is looking like such an even especially with how the two candidates are making sure to keep bitcoin in relevance, investors in bitcoins really hope that with the hype will come some positive news for the progress of bitcoin. Even if Bitcoin does not grow would the United States election and it finally ends up to be a dumb retail talk, I think it would have served it's purpose because it would have succeeded in increasing the number of people who know about Bitcoin especially in the United States.

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Quote from: ImThour on September 11, 2024, 05:02:44 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.

Just the fact that Trump is now raising the community of bitcoin, then that's probably something to be talked about and become hype in the forum. Otherwise, if it's no longer relevant on bitcoin and the crypto market, then it shouldn't be taking our most of our time talking about it. However, since Trump is taking bitcoin to its next level and may achieve a huge price if ever he wins the election, then I think things like this should be hyping btc every now and then, until the result of presidential election comes out.

Topic: Is The election worth the hype for BTC - page 3. (Read 824 times)