Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec - page 3.

danadc

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Quote from: $weetne$$ on November 14, 2024, 04:52:57 PM

I think they are wrong for thinking that Trump wins is not the main reason why the market has being this bullish. If Kamala had won, I do not think the price of Bitcoin will be this high right now and it is still thinking about moving higher from the movement of the market. Trump wins triggered the whole market and it is not only Bitcoin benefiting but altcoins are also getting a share of the money coming into the market. Trump wins is the main story that is making others to think about investing in Bitcoin. There are other factors contributing but we can not make trump's win to be like a small impact. When the president and the vice with some other important figures in power working together for a better future, the market will just have to be green.

I think something, if it is known that even the blindest person realized that Donald Trump activated the market, why do they insist so much on taking away that merit? Why? What do they gain? The most important thing is that the price is high, and it is very obvious that with Kamala Harris we would be seeing a huge drop in BTC, so I understand that there are many people in the USA who are still crying because their candidate did not win, but it is time to accept that things happen for a reason, and if this was the Trump effect, then let it continue because everything looks very good, no way, when he takes office it will surely be another ATH.

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

I think they are wrong for thinking that Trump wins is not the main reason why the market has being this bullish. If Kamala had won, I do not think the price of Bitcoin will be this high right now and it is still thinking about moving higher from the movement of the market. Trump wins triggered the whole market and it is not only Bitcoin benefiting but altcoins are also getting a share of the money coming into the market. Trump wins is the main story that is making others to think about investing in Bitcoin. There are other factors contributing but we can not make trump's win to be like a small impact. When the president and the vice with some other important figures in power working together for a better future, the market will just have to be green.

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

I think, this is what happened, everyone was expecting that Trump's win would positively affect the Bitcoin's price. Yes, we know deep in our heart that what he was saying wasn't actually good for Bitcoin and it was all populist but, it was populist and it would work, that's why many people were making bets on positive crypto price if Trump was about to win. I think that majority of traders were waiting for the result of US presidential elections. Since their bet was on green light to Bitcoin in case Trump wins, we saw a huge jump in Bitcoin's price. This doesn't mean that Bitcoin wouldn't rise if Kamala Harris has won, no, it would rise but not today and not with such a speed. Trump's victory was an accelerator to Bitcoin's price increase, that's all. With or without Trump or Kamala Harris, Bitcoin would rise again because the halving has happened and the demand increases, so it was inevitable anyway.

Richbased

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Quote from: stompix on November 14, 2024, 03:15:49 PM

Common, give the US what it deserves, the price spiked exactly after the elections

I think this is enough to end the debate. The price of bitcoin immediately spiked after it became obvious that Donald Trump was winning the election and due to his promising pre-election speeches about bitcoin made a lot of investors started buying bitcoin when the news of Trump's winning became viral. Before the election, on 4th of November, the price was around $68k. On getting to the election date (5th November), the price skyrocket to $93k that's the current ATH. So these rapid movement after the election was conducted is as a result of the impact of the party that won the election and not any post-halving effect.

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Quote from: el kaka22 on November 14, 2024, 01:25:22 PM

Well, it's almost every time after halving, so it snot really a "news", we knew this but Americans don't really know it. They have this American grand ego, where they think everything must be about them, like how all the alien movies where aliens arrive to New York or something lol. I am not saying Trump had nothing to do with it, of course he played a big role, of course, but mainly for timing, if there were absolutely no American elections this year, the price would still go up, every four years it does, it doesn't matter if a republican wins or a democrat wins, it always goes up.

Common, give the US what it deserves, the price spiked exactly after the elections, and Doge went up exactly after the announcement, remember how the ETF approval triggered the last bull run? Actually, do you think that if it weren't for the good news coming from the US Bitocin would still magically increase in price with nothing to trigger that run? It will just go up like that every 4 years no matter what happens in the world? Nuclear war or an asteroid impact or global recession BTC will go up no matter what?

Every single penny we see now over the 60k mark is because of the results in the US election, you might now like it but this is reality, all we see now is hope that the biggest economy in the world and the financial center of it will turn more positive to crypto.

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Well, it's almost every time after halving, so it snot really a "news", we knew this but Americans don't really know it. They have this American grand ego, where they think everything must be about them, like how all the alien movies where aliens arrive to New York or something lol. I am not saying Trump had nothing to do with it, of course he played a big role, of course, but mainly for timing, if there were absolutely no American elections this year, the price would still go up, every four years it does, it doesn't matter if a republican wins or a democrat wins, it always goes up.

So, we just need to realize that four year cycle is something that happens after halving every time, and we are seeing the impact of that, with a bit of nudge from trump of course.

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Quote from: Baofeng on November 14, 2024, 08:10:03 AM

Quote from: _act_ on November 12, 2024, 01:25:10 PM

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

It's obvious that this recent spike is due to Trump winning the election as he is supposedly a pro-Bitcoin US president. My take is the post halving effect is that we should have felt it even before the election, maybe around September the price could be in a bull run but it's not. However, we have to take into account the pre-halving, we already have a new all time high.

So it's really change the cycle as this is the first time that we have seen it. But then again, in every bull run, there is some sort of catalyst besides the halving, and so in this cycle, it's Trump winning the election. And it could be bigger next year when he officially sits in the White House in January. With that, we should accept the fact that it was really Trump who drives this bull run and into a new all time high in 2025.

We have had 2 bull runs this year and I don't see much connection to the halving. We had a bull run in March before the halving and the main catalyst was the approval of bitcoin ETFs, and had almost nothing to do with the halving. I remember that from the halving to the election day, Bitcoin had almost no significant growth, and Bitcoin even stagnated and moved sideways uncomfortably, making people feel depressed. But the market started to get volatile as election day approached, and the second bull run immediately happened on election day and things got crazier when the media confirmed Trump's victory.

Furthermore, if we look at the overall picture of the US financial markets, all of them grew very well after the news of Trump's victory, not just bitcoin. Yes, we need to accept the fact that Trump is the one who has driven the recent bull run.

stompix

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both.

The post-halving effect would not have been a sudden pump, it's not like out of the blue suddenly the demand increased 50% to totally outstrip the supply, and furthermore, if we look at the roice on a yoy time frame the daily coins issuance in $ is still 30% despite the block halving.
Also, side note, I did not expect this from Cointelegraph:

Quote

The Bitcoin halving in April cut block rewards from 6.25 BTC to 3.125 BTC, which means every next block becomes harder to solve for less reward.

This is wrong, the halving cut the reward, it didn't affect the difficulty, you can have a halving and a difficulty decrease making blocks "easier" to solve, if the author is trying to explain price movement but can grasp the basics then his whole theory is doomed to fail.

philipma1957

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Quote from: Iranus on November 14, 2024, 08:05:55 AM

Quote from: Josefjix on November 14, 2024, 05:20:41 AM

Finally kamara wining could have affected the market negatively on a temporary basis. Remember that this market is driven by sentiment and people views on issues matters, and they views especially on social media has been the driving force of the market changing conditions over time.

I wonder, assuming Harris wins and the market dumps, what would those who deny Trump's victory is positively impacting Bitcoin say? Do they blame Harris or will they say that the bitcoin price correction has been going on for months and is not over yet, and not because Harris was elected?

I'm not saying all the credit for Bitcoin hitting $93k in the past few days is due to Trump but it's clear his victory has had a positive impact on the market. Because at least for now we can believe that we have the first US president in history to publicly support bitcoin and this will be a huge catalyst. We should not deny this.

You are right, the market is driven by sentiment and people's views, the market is very bullish and believes that Trump is a pro-Bitcoin president. So it is understandable that bitcoin price is increasing.

I call bullshit. What we have a president that previously attacked bitcoin with his like kind changes in 2018. We have a president known to lie and lie and lie.

We have a president that lawsuits are a way of life for him. And millions of morons that believe he is better for BTC when all of BTC's highs came under Joe Biden.

Like I wrote before BTC will do fine for the next 2 months then reality sets in Trump gets his powers back and we get to see what he will really do.

BTW maybe it will be good. USA has had a lot of issues for a lot of years so this certainly will be interesting I am looking forward to find out what he does.

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

It's obvious that this recent spike is due to Trump winning the election as he is supposedly a pro-Bitcoin US president. My take is the post halving effect is that we should have felt it even before the election, maybe around September the price could be in a bull run but it's not. However, we have to take into account the pre-halving, we already have a new all time high.

So it's really change the cycle as this is the first time that we have seen it. But then again, in every bull run, there is some sort of catalyst besides the halving, and so in this cycle, it's Trump winning the election. And it could be bigger next year when he officially sits in the White House in January. With that, we should accept the fact that it was really Trump who drives this bull run and into a new all time high in 2025.

Iranus

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Quote from: Josefjix on November 14, 2024, 05:20:41 AM

Finally kamara wining could have affected the market negatively on a temporary basis. Remember that this market is driven by sentiment and people views on issues matters, and they views especially on social media has been the driving force of the market changing conditions over time.

I wonder, assuming Harris wins and the market dumps, what would those who deny Trump's victory is positively impacting Bitcoin say? Do they blame Harris or will they say that the bitcoin price correction has been going on for months and is not over yet, and not because Harris was elected?

I'm not saying all the credit for Bitcoin hitting $93k in the past few days is due to Trump but it's clear his victory has had a positive impact on the market. Because at least for now we can believe that we have the first US president in history to publicly support bitcoin and this will be a huge catalyst. We should not deny this.

You are right, the market is driven by sentiment and people's views, the market is very bullish and believes that Trump is a pro-Bitcoin president. So it is understandable that bitcoin price is increasing.

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yes

Quote from: _act_ on November 12, 2024, 01:25:10 PM

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

Since American are not the only people trading or holding bitcoin we cannot truly tag the current bullish conditions on bitcoin to Trump winning, we still have other issues and news that is creating the current conditions. We cannot also said only the post halving that is creating the current conditions either, as a lot of factors like breaking out of $73,488 the last high low , halving , interest rate cut, unemployment data from USA and most importantly Trump winning are some of the factors.

Finally kamara winning could have affected the market negatively on a temporary basis. Remember that this market is driven by sentiment and people views on issues matters, and they views especially on social media has been the driving force of the market changing conditions over time.

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

I would say that we shouldn't be in a haste to forget that Bitcoin was doing very much good historically even before the election, hence I quite agree with you that the election generally is not the only reason or factor leading the bull run and even if Bitcoin price wouldn't have been this far but it would have made difference from were it was before, even before the election the month of October and November has already been speculated even though there was no guarantee that bitcoin is liable to make a new all time high. Indeed Bitcoin is bullish $100k on the way, it is at $900k as at time am making this post.

philipma1957

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last time trump was in he passed a brutal bill that really hurt all crytpo.

it went into effect jan 1 2018. and btc slumped bigly that month.

I say we are going up because no one is going to pass anything until After feb 1.

this means btc will be safe for 70 days.

Cryptoprincess101

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were.

So why did the post-halving effect come exactly after the US elections was conducted after about 7 months since the halving event. Even if the post-halving also prompted the current surge in the price of bitcoin, majority of the impact was basically as a result of the post-election effects let's just be realistic.

Quote from: _act_ on November 12, 2024, 01:25:10 PM

What do you people think. Is it caused by post halving event or Trump. I think both.

I can also say that the post-halving events and Trump's victory was the cause of the bullish trend we are experiencing now but since it came immediately after the US elections, i would say that Trump's victory played the major roles.

Quote from: _act_ on November 12, 2024, 01:25:10 PM

If it was Harris that won the election, do you think the price of bitcoin would have been this far?

Nothing much would have happened to the price of bitcoin if Kamala Harris had won, it would have only recorded either a sluggish increase or a slow downtrend since Kamala Harris didn't give any emphasis on her stands about cryptocurrencies.

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One of the factors that affects Bitcoin price if I'm not mistaken is people's sentiment so despite the fact that we experienced the Bitcoin halving this year, I will not accredit the sudden pump in price at present as the effects of the post halving event, if anything, this year was a bit silent, don't know how the other years have been.
Granted, it's not that we should attribute the success of Bitcoin to Trump's victory in the election because before he won or ever thought to use being in support of Bitcoin as means to get votes, the coin has been thriving but we need to admit that this his victory played a big role up to the extent of experiencing three ATHs in the space of a week.

Justbillywitt

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Who cares what's actually making bitcoin to pump. There is no point arguing or debating what's making bitcoin to pump. The most important thing is that bitcoin is pumping and everyone is happy that's what really matters. Even if Kamala had won the election, bitcoin was designed to pump even though it would have experienced a little delay, but the pump would have been inevitable. So long as bitcoin is winning, whatever that's pumping it should continue doing it.

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

I think all plays a role in making bitcoin growth so rapid, as a Matter of fact bitcoin growth can be trigger by anything. Emagine if Elon Musk tweet that he will join suit with Michael Saylors microstrategy to invest in bitcoin or buying %5-10 of bitcoin Total supply in regards of making it a new Gold, what do you think will happen to bitcoin? It will surly increase more.

If kamala Harris was elected , I do t think anything will happen to bitcoin growth because she has not said anything positive about bitcoin during her campaign. Meanwhile I don't care if Trump and kamala makes bitcoin increase, all I know is that bitcoin will be fine without them. Afterall during the first campaign of Trump he made some promised in regards to bitcoin and yet he couldn't do anything yet bitcoin increased. Perhaps he never believed in bitcoin after seeing bitcoin so so well now he suddenly develop interest. Let's see how it goes this time around

All I know is that bitcoin will continue creating new ATH with or without some people.

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

It is expected even before the Election fever is that bitcoin and the whole market will grow Bullying because of the past halving effect in which we have witnessed over how many times now?

this election and winning of President Trump is just added to the flavor and pushes the market to go faster than we expected to happen in December upto early next year .

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Quote from: _act_ on November 12, 2024, 01:25:10 PM

What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

He is not the sole catalyst for bitcoin's growth but his impact cannot be denied as it is no small thing for a US president to express support for bitcoin. This could even be a historic turning point for bitcoin as well as the crypto industry as the industry’s growth in the next 4 years will largely depend on his policies and regulations.

Besides the impact of halving and Trump, there is another big impact that we should not ignore: ETFs. Large amounts of money are pouring into the market through ETFs and creating demand greater than supply, which will also have a significant impact on the price of bitcoin.

I wasn't very bullish on Harris from the start, she's not very bitcoin friendly and that could be a huge hurdle for the crypto industry if she replaces Trump.

Topic: Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec - page 3. (Read 810 times)