Is The election worth the hype for BTC - page 6.

kro55

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Quote from: Z390 on September 11, 2024, 04:33:07 AM

Bitcoin is more than the US election, and this isn't the first election since Bitcoin was launched, the proof is in the past charts, this won't stop Bitcoin from growing but there is a catch, and that is an extended rally, if Kamala get elected Bitcoin will slow down, due to fear and panic, peoples mind is a big part of what's keeping Bitcoin alive.

By the way Kamala won the debate, it looks like the Democrat will win this time around, not because she won the debate though but for other reasons, I guess the table is finally turning against Trump right now.

Here is my own prediction, if Kamala wins it is likely that the 73k price range will be the top of this cycle, case closed, and of Trump wins there will be another pump, but whatever happens won't affect Bitcoin for long term, Bitcoin is fine with or without these two.

You should note that politicians and government policies in the past did not seem to care about bitcoin and that is why many people believe that bitcoin has grown without any government support or help. But things have changed a lot, bitcoin is getting a lot of attention from the world and government intervention is inevitable. I don't believe bitcoin can continue to grow and become more popular if we have a government that opposes bitcoin or worse, bans it. So the outcome of this election will have short-term and long-term impacts on bitcoin. So we need to make the right choices if we don't want the growth of bitcoin to be hindered.

The election outcome depends entirely on the electoral vote, while current polls are based on the popular vote, so don't jump to conclusions before the election takes place. We still have more than 60 days before the election and things can change, don't rush to judgment just because of today's debate.

Ambatman

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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.

examplens

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Quote from: FirmWars on September 11, 2024, 03:53:41 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.

Too much attention has already been paid to the election through Bitcoin. The only benefit from the whole hype is the politicians, because their "popularity" grows, so, for example, I, who is not interested in elections at all, read daily about the presidential candidates and what they said.

Likewise, traders and speculators use the whole thing to make extra profit. When the elections are over, some other thing will come up that will open up speculation, about where Bitcoin will be after that.
I have been listening to such stories for 12+ years.

Accardo

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There are few unclear human behaviors that need to be studied;

1. How they hate elected leaders
2. The change of mind during election

Do we not know that these people have one interest, which is getting anybody in anyway possible to their side to vote during election. What ever is seen during election are mere promises, wait for the action once they're elected. I'm laughing over the fact that bitcoiners also are a huge part of this year's politics because bitcoin was mentioned by Trump during his campaign.

ultrloa

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Quote from: FirmWars on September 11, 2024, 03:53:41 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?

Don't rely to much on politics since it cannot do anything with the price of bitcoin. Those politician cannot do anything and many times bitcoin prove that.

People dictate the price since it will all base on the demand so if they just forget about the issues created by those politician they will never get affected with any unnecessary issue which has been used by other people to manipulate the mind of investor.

But we cannot really see the actual figures will came if we gonna see bitcoin to drop at $30k or $90k and that is another what if that we need to look after the US election done. For sure nothing will happen since imagine bitcoin already survive even if Biden hate bitcoin and crypto so much.

Z390

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Bitcoin is more than the US election, and this isn't the first election since Bitcoin was launched, the proof is in the past charts, this won't stop Bitcoin from growing but there is a catch, and that is an extended rally, if Kamala get elected Bitcoin will slow down, due to fear and panic, peoples mind is a big part of what's keeping Bitcoin alive.

By the way Kamala won the debate, it looks like the Democrat will win this time around, not because she won the debate though but for other reasons, I guess the table is finally turning against Trump right now.

Here is my own prediction, if Kamala wins it is likely that the 73k price range will be the top of this cycle, case closed, and of Trump wins there will be another pump, but whatever happens won't affect Bitcoin for long term, Bitcoin is fine with or without these two.

shield132

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Quote from: FirmWars on September 11, 2024, 03:53:41 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?

Of course, this election is very important for the Bitcoin community. The election is in the United States, in a country that is a global superpower, in a country that owns the global currency and decides the fate of the world for better or for worse.
Btw if Kamala wins, Bitcoin won't fall down to 30K unless Kamala decides to ban it, which I 100% exclude because Bitcoin ETFs got accepted and the aim of the USA is to adopt Bitcoin, that's 100% guaranteed. If Kamala wins, the price will remain the same and will follow the old path, it will start a bull run this winter but on the other hand, if Trump wins, this will only give Bitcoin some boost but it won't be a game-changer to my mind.
In the end, the price will rise because we had halving this year and the expectation in society is that Bitcoin should rise. At the moment, miners also mine on loss, this can't continue, can it? The price will rise anyway.

Reatim

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Quote from: FirmWars on September 11, 2024, 03:53:41 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. ..

This numbers are ridiculous and it’s obvious which candidate these people are pushing to win.

First of all, it’s possible that bitcoin will definitely be affected by the outcome of the election. Be it for the better or worse, I don’t know but one thing’s for sure: it will not rise or fall this much just from the election. We have not yet surpassed 70k and it would be unrealistic to say that because of US politics particularly the election of Trump will boost bitcoin to that level.

I know bitcoin will reach 90k soon but I hardly think Trump will cause it.

ImThour

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Bitcoin Bottom was at $15.4k

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.

Charles-Tim

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Quote from: FirmWars on September 11, 2024, 03:53:41 AM

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

I am very sure that if bitcoin drop to $30000 after the election, it is not caused by the election. Also know that bitcoin price may fall but bitcoin is not going to $30000 yet. If Trump do not win the election, bitcoin will still remain an asset of value and speciation. Bitcoin is more than US election.

FirmWars

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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?

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