So USA seems to have picked Donald Trump. Help or hurt btc prices. - page 2.

jimbobway

legendary

Activity: 1304

Merit: 1015

If Trump blocks remittances to Mexico or blocks Visas then the price of bitcoin will go up. In the first 100 days he wants to start sending illegal criminals back to Mexico and if Mexico doesn't accept them he will start blocking visas. This will cause temporary chaos and the market might drop. Mexico will be forced to accept the criminals.

Further along beyond 100 days Trump will start deporting more illegals and building a wall. More chaos will ensue, the market will drop, money will flow to gold, silver and bitcoin. Trump will force Western Union and other remittance companies to block money going to Mexico. He will force Mexico to accept the illegals or else risk 100% border closure. Mexico again will have no choice and do what Trump will say.

Finally, Trump will force Mexico to pay for the wall by disallowing trade to occur with Mexico. A wall is a drop in the bucket compared to billions lost in trade.

Worst that could happen is Mexico will work with Russia and allow nukes to be located on Mexican land like how Fidel Castro did during the Cuban missile crisis. U.S. will be forced to blockade Mexico and secretly plan for an invasion, similar to what happened during the Bay of Pigs with Cuba.

This could be chaos, folks.

hero1111

hero member

Activity: 1582

Merit: 520

I think Donald Trump will not change world of bitcoin because he will interest only their work because now he is president of america ,because of nothing will change for bitcoin prices but worth of dollars will change .

BTCat

legendary

Activity: 1960

Merit: 1010

"People are becoming increasingly unsure about the future of their country, and that’s why they’re buying gold and bitcoin, bringing up the price. Both are seen as investments that would retain its value in a doomsday scenario where regular fiat currencies would quickly crash.

Trump taking control of the White House might not be a literal doomsday, but it’s apparently enough to shake up traders’ behavior."
source: http://thenextweb.com/finance/2016/11/09/bitcoin-trump-victory/

Clinton's campaign said: "Bitcoin is too Libertarian"
It was leaked through Wikileaks:
http://www.coindesk.com/making-sense-hillary-clintons-bitcoin-rejection/

Research: Trump Presidency Would Boost Bitcoin Price
https://www.cryptocoinsnews.com/trump-presidency-boost-bitcoin-price/

Senor.Bla

sr. member

Activity: 280

Merit: 253

i do not think this will change anything in the next few years. i feel like i should specify that i mean it will not change anything for bitcoin. sure there was a price increase most likely caused because of the results, but i think it will be only temporally.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

He's a businessman, he'll see the opportunity in bitcoin but I don't think that the price will be affected in the near future by that fact.

CoolJakeB

member

Activity: 98

Merit: 10

The reason why I feel that Bitcoin had an increase in price when Trump was elected US President is because the markets fell in futures trading and people are still shocked worldwide about what happened. Long term, I think that a Trump Presidency won't have much of an effect on the future of Bitcoin. Many investors are leaving the markets and investing in other commodities, such as gold, other precious metals, and even Bitcoin. There is much uncertainty in the world right now and we will have to wait to see what will happen.

xdrpx

hero member

Activity: 616

Merit: 603

According to an article in The Telegraph a lot of investors were flocking to safety either due to investors lack of confidence in their elected member or if they fear some form of restricted control. This probably led to the rise in today's Bitcoins price. Basically Trump has an aggressive attitude towards China and other economies and previously we have seen when economies start getting restricted and tariff are imposed people start looking at other ways to invest and may approach Bitcoin. In the long run the Bitcoins price would rise

lol3c

hero member

Activity: 518

Merit: 500

As the results of new USA president, we have to admit that Trump has made some positive effect on the Bitcoin price. Bitcoin price has risen about 5% since Trump leads the election. And although many of us dislike Trump, we can not deny that Bitcoin can once again increase up to $1000 thanks to Trump

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

I think its better to wait for official Trump statement regarding bitcoin and virtual currencies before making any specuation. Is there link to his any past talk regarding bitcoin?

mastica

hero member

Activity: 938

Merit: 500

Well would be good to knoe Trump position about bitcoin and crypto currencies, and sure the way he would handle about those should and would affect bitcoin value, because if he supports, price can raise, if he does wanna to block ir or kill it the price should drop, but i believe his opinion now has a lot of influence.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Election has given unexpected results, this time the result is good for bitcoin and digitalization growth. When the result was confirmed, in a very short time sudden increase of around $10 took place. This gives positive hope for users.

Taki

hero member

Activity: 1078

Merit: 514

As I see on Blockchain price even didn't changed. The States are one of biggest number of bitcoin users country. Their politic to bitcoin can affect on bitcoin a lot. Today we can only guess what position Trump will accept to bitcoin and how it will affect on bitcoin's price.
I don't wish to make any prognoses now, cause I am not the expert, but I hope Trump will just support bitcoin as currency and allow it to develop it's way.

DimensionZ

sr. member

Activity: 350

Merit: 251

Shit, did I leave the stove on?

If Trump really follows on his plan to throw all immigrants out of the country then I think alternative currencies like Bitcoin will sky rocket in price because people will be trying to conceal and effectively get their money out of the USA as fast and as anonymous as possible. Bitcoin could become the main payment processor of all remittances going in and out of the country. But it will all depend on what kind of direction Trump will have towards crypto currencies and Bitcoin in particular.

Juggy777

hero member

Activity: 2646

Merit: 686

Trump will support Bitcoins, the Bitcoin will gets it biggest ever boost. It's only matter of time, Bitcoin has been waiting for long to shine as a global recognised country and I feel trump will be the one to lead it. He's a businessman and he shall do what others have failed to do. So buy it, I am sure it will rise

Tanic

sr. member

Activity: 294

Merit: 250

Yes, the result of those ellection was unexpected. I am not some bitcoin analyst to reply on your cuestion about affection on bitcoin after choosing Trump as the president. The results of ellection are already made currencies to fall, but they could back on the same level almost immidiately. As I see the price for bitcoin even didn't changed. But of course position of USA to bitcoin may affect on it somehow or maybe a lot. Well, we will see.

Kprawn

legendary

Activity: 1904

Merit: 1074

I have to say, I am stumped by the election results and also the spike in the price. It seems as though most other "Safe haven" commodities

saw the same happening, so it is not just Bitcoin. Do people really think Trump will be such a bad president? He build a empire and he is super

rich, so he did something right. If he can pull the American economy out of the huge debt they are in at the moment, he will go from zero to

hero in no time. America do not need a "status quo" president, they need someone that can take the bull by the horns. I do not like the guy,

but I think he might be the better person for the job, to make the hard/unpopular decisions. Roll Eyes

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: LordCoder on November 09, 2016, 10:27:43 AM

I heard he will put some risky taxes, therefore Bitcoin would be good enough to hide them. Obviously, I guess there's more behind the BTC price, but that's my 2 cents.

Yeah I (along with the cryptocoin world) see and have figured 25 factors for a strong price jump.

We all know that even if every factor I see belongs that there are many more factors that I (we the cryptoworld) don't know.

I still come down to this The USA owes tons and tons and tons and tons of money. Mostly to China.

Some of Trump's biggest business moves have been restructuring of debt.

For the USA to do a 3 to 7 trillion dollar debt restructure with China Trump is the guy to do it. I kind of think this more then anything else is why he got in.

I see this a big move for BTC so hold your coins. I am.

LordCoder

hero member

Activity: 712

Merit: 500

I heard he will put some risky taxes, therefore Bitcoin would be good enough to hide them. Obviously, I guess there's more behind the BTC price, but that's my 2 cents.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: jtipt on November 09, 2016, 10:19:57 AM

Quote from: philipma1957 on November 09, 2016, 12:14:24 AM

I am wondering if we get a solid run up in Btc and for any alt coins.
Now that a very unusual result has occurred.
Thoughts ?
My guess is a big shift in prices due to this result.

As i also discussed this in other thread also, I don't think the election result is gonna make any kind of effect on bitcoin price. Yeah there seems to be some change(rise) in bitcoin price since the result but it can just be the usually fluctuation of bitcoin that normally happen. Unless Trump makes some kind of policy or some major announcement regarding bitcoin, i dont think the politics will affect the price of btc.

Dude look at the graphs. Bitcoin started rising right when Trump was announced to be the next president of the United States by a high %.

This is the CBOE Volatility index VIX, -13.39% , otherwise known as WS’s fear gauge. It skyrocketed up to over 20 as the election results were announced

You can add in a lot of other stocks that went red, while BTC and Gold went up.

chesatochi

sr. member

Activity: 812

Merit: 252

Quote from: swogerino on November 09, 2016, 09:57:03 AM

It is helping bitcoin actually.
$726 from $709 before the results came in late last night.

Trump money helping btc it seems. Grin

People react to the market volatility, but the price will adjust itself in the long run. Even if the price claims after Donald Trump won yesterday, this morning the price decrease.

Action = Reaction Wink

I strongly believe the future of Bitcoin will not change with Donald as president of the United States.

Topic: So USA seems to have picked Donald Trump. Help or hurt btc prices. - page 2. (Read 2840 times)