Topic: Trump being new POTUS - how it will affect Bitcoin in the long run? - page 2. (Read 2727 times)
November 10, 2016, 10:40:41 AM
We saw another example of bitcoin behaving like gold, both spiked up on the news only to both fall back to previous levels. Bitcoin still a small niche is a safe haven and a way to avoid capital controls. Both of which will boost bitcoin and gold in coming years
November 10, 2016, 02:50:39 AM
I think we will see a slow rise for a about 6 months and then it will level out for a while. I think many people will rush to sell USD but will soon realize Trump as president wont be as extreme as not-president Trump.
November 10, 2016, 02:46:50 AM
Now it is more or less official who would be the next President of the US (POTUS). Short-term effect is rather evident - weaker dollar, stronger Bitcoin. But what about longer run, one-two year from now?
Opinions and charts are welcome.
Opinions and charts are welcome.
Does it really matter who the US president is? Right now Bitcoin is playing by a different set of rules that is mostly outside the regulated playground. So unless they find a way to really stop the darknet markets and all the other things that make up the Bitcoin economy then there would be no long term effects I believe. Maybe Trump is crazy enough to allow the purchase of drugs online using credit cards, then I would say that is really bad for Bitcoin because the darknet market comprises the largest part of the Bitcoin economy.
November 10, 2016, 02:24:19 AM
i hope that will be a good for bitcoin in the long run no matter Trump now is the president of US because bitcoin not just about US but its about all country in the world but yes there is always affect that will happen with bitcoin as bitcoin itself is traded with USD and now the rate is down for bitcoin pair USD.
November 09, 2016, 09:44:08 PM
if you want to better understand why trump was the correct choice for US
https://www.youtube.com/watch?v=o1Ho8OrBzig
https://www.youtube.com/watch?v=o1Ho8OrBzig
November 09, 2016, 09:01:11 PM
~17hours of trump being president and no socking news.
what gives?
what gives?
November 09, 2016, 08:47:31 PM
Btc is bound to soar next 2 years, especially when they start the impeachment against President Trump.
November 09, 2016, 08:11:39 PM
Short term- small bump.
Long term? Who knows.
Depends on the people he puts in his cabinet (supposedly a lot of CEOs, banking execs etc)
and the policies he puts in place.
Trump may be good for the US economy long term, if he can reduce debt and negotiate good trade deals.
A lot depends on the tax policies and the infrastructure projects he has proposed. (IMO)
Long term? Who knows.
Depends on the people he puts in his cabinet (supposedly a lot of CEOs, banking execs etc)
and the policies he puts in place.
Trump may be good for the US economy long term, if he can reduce debt and negotiate good trade deals.
A lot depends on the tax policies and the infrastructure projects he has proposed. (IMO)
He wants to reduce debt by lowering taxes and stopping international trade.
Genius
Im still not sure how he is planning to keep his ridic promises.
November 09, 2016, 07:53:36 PM
Bitcoin is mostly about the United states
November 09, 2016, 07:18:56 PM
As far as I know bitcoin ain't about any country or world power but it is just for the people to decide the fate and how to use it or give it value.
Bitcoin is for to prevent such effects and influences in the first place.
Bitcoin is for to prevent such effects and influences in the first place.
November 09, 2016, 07:12:59 PM
Short term- small bump.
Long term? Who knows.
Depends on the people he puts in his cabinet (supposedly a lot of CEOs, banking execs etc)
and the policies he puts in place.
Trump may be good for the US economy long term, if he can reduce debt and negotiate good trade deals.
A lot depends on the tax policies and the infrastructure projects he has proposed. (IMO)
Long term? Who knows.
Depends on the people he puts in his cabinet (supposedly a lot of CEOs, banking execs etc)
and the policies he puts in place.
Trump may be good for the US economy long term, if he can reduce debt and negotiate good trade deals.
A lot depends on the tax policies and the infrastructure projects he has proposed. (IMO)
November 09, 2016, 06:16:56 PM
There seems to be a lot of unknown variables in play,one being if Trump is going to come through on any campaign issues at all or if he finds it a little harder of a slog once he is in the House. Long term if he holds true to his word should be interesting as the world may push back against him,since the USD is such a global currency tied to all sorts of markets.
The issue is all over the world Countries are starting to turn inward now and that will also make bitcoin more unstable.
The issue is all over the world Countries are starting to turn inward now and that will also make bitcoin more unstable.
November 09, 2016, 06:10:56 PM
Trump is anti tech and pro surveillance/police state. It doesnt look good.
I'm surrounded by noobs. Trump is gonna spend tons of money with debt based spending on public works projects, then probably also devalue the dollar to fight China and raise exports. I wouldn't be surprised if he's the biggest spending president of all time. He's even talked about defaulting on the debt.
With lots of spending and inflation going on, metals and bitcoin should be up. There's also 120 trillion in unfunded liabilities that will obviously be printed. Honestly, the easiest way out is just to do a new Breton Woods and revalue gold to like $10k+ overnight to marginalize the debts. I expected that as the inevitable conclusion no matter who is in charge.
For anyone that thinks Trump isn't going to spend yuge he even talked about declaring inner cities as disaster areas, and wherever a disaster area is there's big spending.
November 09, 2016, 04:14:05 PM
Trump is anti tech and pro surveillance/police state. It doesnt look good.
November 09, 2016, 03:20:46 PM
i did not know that a political election would influence the price of bitcoin .Trump made an emphatic win that nobody predicted and the people stood by him even though all the big media companies ignored and downplayed Donal Trump
November 09, 2016, 03:10:46 PM
For years China has led Bitcoin in not only mining but in trading (even disregarding obvious zero-fee trade volumes).
Do you rally think they give a shit about whether Tweedle Dumber or Tweedle Dumbest won the "election" for some figurehead presidency of some foreign country?
They don't even care about what the Bilderbergers or Bohemian Grovers think, and they're international in scope..
Sure, China leads the game no doubt about it. But having unsecure situation at the markets and a weaker dollar, smart money may look for another places to be. Gold is a secure bet at the moment, but some money may flow into Bitcoin, too. Chinese players may actually give a shit about it, as this a perfect setup scenario to pump the Bitcoin a little bit now and then hand the more expensive coins to the new hands coming from the stock market. Does it sound plausible?Do you rally think they give a shit about whether Tweedle Dumber or Tweedle Dumbest won the "election" for some figurehead presidency of some foreign country?
They don't even care about what the Bilderbergers or Bohemian Grovers think, and they're international in scope..
Yep, that sounds plausible enough. I've been entertaining a thought along these lines for some time now.
November 09, 2016, 11:58:04 AM
We are starting to see the resutls, Bitcoin going up 38 dollars in the last 6 hours, pretty good rise. Now it's correcting a bit, but it will keep going up. Overall the uptrend has been solid since 2015, early year, and we have not stopped going up since that 150 ish dollar crash. That was the time to go all in, now it's also a good time to buy since we will be 1000+ next year.
November 09, 2016, 10:37:16 AM
Trump policy will not be helping Bitcoin or any other crypto for that matter.
He will crack down on bitcoin like it's a big crime syndicate. Bitcoin goes directly against everything Trump stands for both phylosophically and economically/technically.
Regulations will be extremely strict or it will be outlawed completely.
If yiu think otherwise you have no udea about who Trump is and what Bitcoin is.
He will crack down on bitcoin like it's a big crime syndicate. Bitcoin goes directly against everything Trump stands for both phylosophically and economically/technically.
Regulations will be extremely strict or it will be outlawed completely.
If yiu think otherwise you have no udea about who Trump is and what Bitcoin is.
November 09, 2016, 09:54:01 AM
It's not really a question of whether trump likes bitcoin or not
I think it's more like how much disruption his policy's will cause in other markets that might drive people to bitcoin....
Of course it would be great if he was a bitcoin fanatic as well and gives it his blessing... But I think he won't even have to for btc to have great success....
I think it's more like how much disruption his policy's will cause in other markets that might drive people to bitcoin....
Of course it would be great if he was a bitcoin fanatic as well and gives it his blessing... But I think he won't even have to for btc to have great success....
November 09, 2016, 09:39:45 AM
This whole Bitcoin price-Trump relation is greatly being exaggerated by a lot people opening threads today.
After a few days, people will forget about all this nonsense about Trump, and continue with looking at what surprises the Chinese pumper team will come up with.
That's a whole lot more interesting. Mainly because of the fact that Bitcoin sits in quite a comfortable seat as we have the activation of Segwit ahead of us, and maybe even The Lightning Network somewhere next year (I hope).
After a few days, people will forget about all this nonsense about Trump, and continue with looking at what surprises the Chinese pumper team will come up with.
That's a whole lot more interesting. Mainly because of the fact that Bitcoin sits in quite a comfortable seat as we have the activation of Segwit ahead of us, and maybe even The Lightning Network somewhere next year (I hope).
People will always look for reasons why something is happening and today reason for BTC price is going up is Trump victory.Like you say in few days when the situation calms down reasons for the decline or growth rates will be search in some other reasons.
If Trump have positive opinion for BTC, then in long-term that only can affect positively.We should wait and see whether he as a businessman fully recognize all the advantages offered by Bitcoin and Blockchain technology.
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