Topic: Real reasons the market rejoiced (Read 70 times)
Trump will put America on the right track in general. And bitcoin is growing for a reason. Everything will be fine.
I believe reasons for the market to be optimistic are more straight forward, though. Trump is pretty bad on general policies, he is a mediocre president at best, but when comes to taxes he is efficient at cutting taxes and allowing rich people and investors to keep a larger slice of their earnings in the end of the day. So after it was evident Trump was going to become the next president of the United States, people turned their look for assets which would allow them to invest, make money and keep more of that money thanks to Trump, cryptocurrency is part of that market and the stock market as well.
One does not need to over-analize this situation to reach a conclusion. Eventually the market is going to cold down a bit and investors will cash out their earning and pay less taxes during Trump administration.
One does not need to over-analize this situation to reach a conclusion. Eventually the market is going to cold down a bit and investors will cash out their earning and pay less taxes during Trump administration.
Because people are realizing it's the new last frontier, and they want to get a piece of that before the frontier closes.
People in high finance sure but people like you and me those believe that Crypto is a pyramid scheme: Echo Trump: money made of thin air.
I think Bitcoin was ready to break out any way as we had been in a long multi month consolidation. There’s no doubt though that crypto wise it’s better that Trump won. I don’t think we would be as high as 94k per coin if Harris had been victorious. Nothing against her but Trump has vocally supported Bitcoin & promised to not over regulate, stifling innovation. Things are looking good for Bitcoin & crypto in general.
Because people are realizing it's the new last frontier, and they want to get a piece of that before the frontier closes.
Because cryptocurrency was finally saved from a possible globalist takeover with the victory of Trump
There are other minor and somewhat related reasons which partly acted as triggers and contributed to that. One of which is positive sentiment toward certain cryptocurrency by one or few persons. This ended up affecting the rest of the market.
But the real and most important reason is the election victory by an anti-globalist President. It was a really challenging battle that started immediately after the last election on Nov 2020. It was very difficult thing for me due to the fact I'm sort of a democrat who usually supported democrats. However, we don't blindly support our kind at the expense of those who deserve our support. And I also realize that crypto will benefit more under the regime of the one who deserves our support. That was one of the most important motivating factors that kept me going.
By the way, the support cost me alot in this world. But it was a matter of doing what is right, and I can't go against my conscience.
In a fair world we would be appreciated for standing by the victim, free of charge, from the beginning till the end while giving up alot, for example my sources of income. It was really hard to focus on many things at thesame time. Anyway, I do not expect anything in return in an unfair world. My reward is from above. The most important thing is that justice has been done and crypto is saved.
I hope this doesn't excite the market. I do not want that to happen yet because things aren't going the way they should go in this space.
There are other minor and somewhat related reasons which partly acted as triggers and contributed to that. One of which is positive sentiment toward certain cryptocurrency by one or few persons. This ended up affecting the rest of the market.
But the real and most important reason is the election victory by an anti-globalist President. It was a really challenging battle that started immediately after the last election on Nov 2020. It was very difficult thing for me due to the fact I'm sort of a democrat who usually supported democrats. However, we don't blindly support our kind at the expense of those who deserve our support. And I also realize that crypto will benefit more under the regime of the one who deserves our support. That was one of the most important motivating factors that kept me going.
By the way, the support cost me alot in this world. But it was a matter of doing what is right, and I can't go against my conscience.
In a fair world we would be appreciated for standing by the victim, free of charge, from the beginning till the end while giving up alot, for example my sources of income. It was really hard to focus on many things at thesame time. Anyway, I do not expect anything in return in an unfair world. My reward is from above. The most important thing is that justice has been done and crypto is saved.
I hope this doesn't excite the market. I do not want that to happen yet because things aren't going the way they should go in this space.
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