TRUMP WINS! What does it mean? | Bitcointalksearch.org

RockBell

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Quote from: Wakate on November 10, 2024, 01:44:58 PM

Trump winning the election is a win for the crypto market because this is going to influence the crypto market more than what we are seeing now. The price of Bitcoin has been mowing bullishly quicky and now the price is at $80k plus looking the price to hit $100K within some days or weeks. Since the Republican has more than 50% of the c, then there is probability that it will ease things for Trump making it easy for Trump to pass bills that will favour the whole American people. This is just like the beginning of things and soon we might have to see the price of Bitcoin exceeding 100K maybe before or after Trump's inauguration.

The influence is already happening because if you look at the price of bitcoin it keeps making a new ATH and now bitcoin is in 82k this was something that was expected because there was positivity in the air before Trump won the election and there were already statements every was that if trump should get in power then there will be run in the market and these opportunities that people take over the market.

We don't even know the next price that bitcoin will stop and this is the best moment for those who have been holding because by now they would have made a lot of profit the thing is now that a lot of people must have sold theirs early when it comes to something like this you have to put the necessary things place like limit and the rest, and I saw a prediction of 150k and it might be possible because if you look at the way things are going 100k might be certain.

Wonder Work

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Quote from: Wakate on November 10, 2024, 01:44:58 PM

Trump winning the election is a win for the crypto market because this is going to influence the crypto market more than what we are seeing now. The price of Bitcoin has been mowing bullishly quicky and now the price is at $80k plus looking the price to hit $100K within some days or weeks. Since the Republican has more than 50% of the c, then there is probability that it will ease things for Trump making it easy for Trump to pass bills that will favour the whole American people. This is just like the beginning of things and soon we might have to see the price of Bitcoin exceeding 100K maybe before or after Trump's inauguration.

I think the promise that Trump made before the election is going to be true. The Bitcoin market has been moving forward since Trump won the election. Let's hope that the price of Bitcoin will be better and that all the promises made by Trump about the crypto market will develop nicely.

Bitcoin price is currently over 80k$ expected to surpass 100k$ in next few days. But new ATH is being created every moment which is great to see. Those who have been investing in BTC for a long time now are expected to be in for a good time.

Webetcoins

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It means that he is a winner Cheesy

and he will now run the country. With all those things that Trump did, it finally paid off. He deserve what we have now. I didn't know that someone in SEC can also gets replaced when there is a newly elected president. I thought it was only those people who are on the government are the ones that gets replaced.

It is still a good thing if those that are on their previous positions are not doing well. Trump is not new in this game, so should have gathered people already that he will use as a replacement to those that he will fire. If there will be less restriction, I think that will only be applied on the US where Trump is assigned. I will still be happy for the people there.

For us, we can only benefit on the rise of the BTC's price, which is still a good thing. Those countries who hold BTC, knows the advantage of it already and this is the reason why they hold it. For those who didn't, I think they are too prideful and think they are already doing well and will continue to do well even without the help of Bitcoin.

A less BTC tax sounds good but it would be great if he can just removed it totally, lol. BTC is supposed to be decentralized anyway, so it's only fine for it to get exempted when it comes to taxation. On your question last question, obviously on the moon Wink

.

Wakate

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Quote from: legiteum on November 07, 2024, 10:12:23 AM

Quote from: NotATether on November 07, 2024, 03:48:13 AM

Congress is almost completely red. So of course they are going to do whatever Trump wants them to do and pump whatever laws and regulations (or lack thereof) that he wants in place. Includes replacing SEC head if they find some ancient provision that lets them get away with it.

Yes, Congress can change the law I suppose--and Trump could simply ignore the law, although I suspect this isn't a hill he's going to want to die on right now.

The US Congress is nearly 50/50, with the Senate now having a slight majority for Republicans. The House still might be majority Democrat when all of the votes are counted in the coming weeks.

Trump winning the election is a win for the crypto market because this is going to influence the crypto market more than what we are seeing now. The price of Bitcoin has been mowing bullishly quicky and now the price is at $80k plus looking the price to hit $100K within some days or weeks. Since the Republican has more than 50% of the c, then there is probability that it will ease things for Trump making it easy for Trump to pass bills that will favour the whole American people. This is just like the beginning of things and soon we might have to see the price of Bitcoin exceeding 100K maybe before or after Trump's inauguration.

Yatsan

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Quote from: Rockstarguy on November 07, 2024, 07:07:34 AM

Quote from: kotajikikox on November 06, 2024, 11:46:41 PM

Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,

Like I'm still thinking what more do we want trump to do for bitcoin? Because all I can see that bitcoin is doing very well and it will still do better in the future. If bitcoin was struggling to grow and now Donald trump has won the presidential seat then I'll say this should be a reason why people must be very excited for trump to play a good impact, but the truth is that bitcoin has been doing very well. I know trump might have made so many promises during his campaign time but we shouldn't take what politicians say too serious because they are humans who say nice things just to get whatever they want.

Many countries and states are still not in full support of cryptocurrency and that is what's meant with people's hopes towards Trump's Presidency given that he's known as a pro-crypto politician. There's still a lot of room for improvements in this technology which could be resolved by mass adoption and that doesn't only concern its market price.

Quote from: Poker Player on November 07, 2024, 10:16:37 AM

Quote from: kotajikikox on November 06, 2024, 11:46:41 PM

where do you see bitcoin, specifically in the US, 4 years from now?[/b]

I see it with wider adoption, especially institutional, as something as normal in people's daily lives as a mutual fund (not everyone has but almost everyone has an idea of what it is), far removed from Satoshi's initial idea of being a P2P cash, and with a price tag quite a bit higher than now, which I dare not venture.

Most likely to happen if things would be aligned to what Trump have promised. Some people may question how would a single individual accommodate all of these expectations and if that's so, we should keep in mind how influential U.S is as a country. Actions related to this industry will most likely trigger a domino effect. However, this is just the beginning and we will eventually see how things will go for this industry. More businesses are now starting to get themselves involved with blockchain technology which is already something to look forward with, in the future. Trump will not make all of his platforms directly to this industry, but only knowing he supports it, is already a big thing for this technology.

Wind_FURY

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Quote from: fruktik on November 08, 2024, 01:53:02 AM

Quote from: Wind_FURY on November 07, 2024, 09:13:52 AM

But here's a shower thought though. Would Bitcoin would have surged to new ATH if Trump won or if Harris won?

¯\_(ツ)_/¯

I believe that there will be many Harris supporters, who also are Bitcoin HODLers, that would NEVER admit that Trump has given the community a sort of excitement and optimism for Bitcoin.

It's not a disapproval on Harris. I'm merely saying that under Harris, everything might look as though everything will stay the same.

What kind of optimism are we talking about? What has Trump proposed regarding crypto? Nothing useful at the moment and most likely it will remain that way, if not worse.

How did it happen that a criminal seized power in the country? There is no other way to describe it. Americans will face an unenviable future in the next 4 years if Trump is not impeached. A criminal should be in prison, not running a country. What happened to the American people?

Perhaps it's not mainly about optimism, but it's probably also about the changes Trump could possible bring in crypto?

Plus let's not get into Ad Hominem attacks that doesn't actually address the context of the shower thought. It's not about politics. I'm merely asking about the market's reaction after Trump won and if it could have the same reaction if Harris won.

¯\_(ツ)_/¯

- Because if that's your debate, then why are the crypto markets more optimistic with a "criminal"? Aren't the markets supposed to crash?

Marvell1

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Quote from: fruktik on November 08, 2024, 01:53:02 AM

What kind of optimism are we talking about? What has Trump proposed regarding crypto? Nothing useful at the moment and most likely it will remain that way, if not worse.

It is true that Trump has not made any proposals or policies that are favorable to cryptocurrencies because he is not yet the official president. But at least he brought new hope to the market and that is why the market rallied after the news of his victory. Are you excited to see bitcoin price increase by more than $5k in just one day?

Quote

How did it happen that a criminal seized power in the country? There is no other way to describe it. Americans will face an unenviable future in the next 4 years if Trump is not impeached. A criminal should be in prison, not running a country. What happened to the American people?

Are you American? Otherwise, you don't need to worry about Americans, they are smart enough to know what they are doing without anyone teaching them what to do. The US Constitution, law enforcement agencies, and even Congress have never mentioned or condemned anything about Trump. But it is strange that ordinary citizens like us, who know nothing about the US constitution, have the right to call others criminals. If you think he deserves to go to jail, file a lawsuit in the supreme court instead of complaining here because no one cares about that.

fruktik

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Quote from: Wind_FURY on November 07, 2024, 09:13:52 AM

But here's a shower thought though. Would Bitcoin would have surged to new ATH if Trump won or if Harris won?

¯\_(ツ)_/¯

I believe that there will be many Harris supporters, who also are Bitcoin HODLers, that would NEVER admit that Trump has given the community a sort of excitement and optimism for Bitcoin.

It's not a disapproval on Harris. I'm merely saying that under Harris, everything might look as though everything will stay the same.

What kind of optimism are we talking about? What has Trump proposed regarding crypto? Nothing useful at the moment and most likely it will remain that way, if not worse.

How did it happen that a criminal seized power in the country? There is no other way to describe it. Americans will face an unenviable future in the next 4 years if Trump is not impeached. A criminal should be in prison, not running a country. What happened to the American people?

tread93

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Quote from: kotajikikox on November 06, 2024, 11:46:41 PM

After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.

SEC Chair

First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected. The question now would be, who would replace him? Surely the SEC chair that will replace Gensler is someone who has the same plans for bitcoin and crypto as Trump. We will definitely see less restrictions within the crypto market which would lead to more innovations.

Bitcoin Reserve

Trump hopes to make bitcoin as the country's reserve and treat it like a national gold reserve. If this were to happen, countries that are already holding bitcoin will find themselves at an advantage while countries without bitcoin might scramble to keep up.

Taxes

Bitcoin or crypto transactions will be taxed less. This can definitely boost more interest in crypto especially in the US. Trump hopes to make the US as a bitcoin capital and gaining interest from other countries due to their bitcoin friendly policies could lead to that.

Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,

where do you see bitcoin, specifically in the US, 4 years from now?

Shoot man in 4 years time I can see Bitcoin being taught in schools much earlier and teaching our youth about it. I can see state owned mining operations & federal mining operations as well as government bitcoin devs you know Elon is going to be over all that. We will go all in on buying up as much BTC as we want, hopefully getting as much if not more as the major financial elites I could even see the US becoming one of the largest if not the largest holder of Bitcoin in the world - Besides Satoshi himself that is Cheesy

Poker Player

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Quote from: kotajikikox on November 06, 2024, 11:46:41 PM

where do you see bitcoin, specifically in the US, 4 years from now?[/b]

I see it with wider adoption, especially institutional, as something as normal in people's daily lives as a mutual fund (not everyone has but almost everyone has an idea of what it is), far removed from Satoshi's initial idea of being a P2P cash, and with a price tag quite a bit higher than now, which I dare not venture.

legiteum

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Quote from: NotATether on November 07, 2024, 03:48:13 AM

Congress is almost completely red. So of course they are going to do whatever Trump wants them to do and pump whatever laws and regulations (or lack thereof) that he wants in place. Includes replacing SEC head if they find some ancient provision that lets them get away with it.

Yes, Congress can change the law I suppose--and Trump could simply ignore the law, although I suspect this isn't a hill he's going to want to die on right now.

The US Congress is nearly 50/50, with the Senate now having a slight majority for Republicans. The House still might be majority Democrat when all of the votes are counted in the coming weeks.

Wind_FURY

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Quote from: Justbillywitt on November 07, 2024, 03:09:52 AM

It is one thing for people to make promises and another thing to keep to their promises. The bitcoin community and lovers of Blockchain have done their part in voting him, let's just be hopeful that he will do as he has promised. But if Trump implement everything he said during his campaign, I think bitcoin will be over $200k in the next 4 years. But it is very important that we keep our expectations low, so that we don't get psychological or emotional problems if it turns out that Trump don't as he has promised.

But here's a shower thought though. Would Bitcoin would have surged to new ATH if Trump won or if Harris won?

¯\_(ツ)_/¯

I believe that there will be many Harris supporters, who also are Bitcoin HODLers, that would NEVER admit that Trump has given the community a sort of excitement and optimism for Bitcoin.

It's not a disapproval on Harris. I'm merely saying that under Harris, everything might look as though everything will stay the same.

Swordsoffreedom

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Quote from: Rockstarguy on November 07, 2024, 07:07:34 AM

I know trump might have made so many promises during his campaign time but we shouldn't take what politicians say too serious because they are humans who say nice things just to get whatever they want.

Not because they are human because not everyone is as bad as them, there will be people who keep their promises and will try to fulfill their promises. But unfortunately, we are talking about politicians, and the nature of politicians is that most of them spend most of their time lying to achieve their own goals.

Indeed, right after Trump was elected, I saw quite a few threads, quite a few questions about whether Trump would keep his promises and do what he promised. I think people are too naive and put too much faith in politicians, and that's not good for us. We should know that they cannot and will never fulfill all their promises. What we should expect is that they will do one of them or they will not be so hostile to bitcoin, that is enough for us.

Maslate

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Quote from: Pandorak on November 07, 2024, 06:50:56 AM

As for the SEC, i don’t know exactly how the bureaucracy in this country works, but it seems like Donald Trump can’t fire Gary Gensler without cause. Fortunately, there is an analysis says that SEC chairman usually change with the president-elect ^[1].

[1] https://decrypt.co/290387/sec-chairman-gary-gensler-likely-resign-analyst

His term is 5 years, ending on June 5, 2026, so Trump can't fire him directly. But if he doesn't have the president's support, he might just retire. Even though they’re an independent body, we know how politics works. Pro-Bitcoin folks might not like Trump if he doesn’t push for Gensler to step down.

Senate confirms SEC chief Gensler to full five-year term

Rockstarguy

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Quote from: kotajikikox on November 06, 2024, 11:46:41 PM

Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,

Like I'm still thinking what more do we want trump to do for bitcoin? Because all I can see that bitcoin is doing very well and it will still do better in the future. If bitcoin was struggling to grow and now Donald trump has won the presidential seat then I'll say this should be a reason why people must be very excited for trump to play a good impact, but the truth is that bitcoin has been doing very well. I know trump might have made so many promises during his campaign time but we shouldn't take what politicians say too serious because they are humans who say nice things just to get whatever they want.

Easteregg69

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Quote from: Pandorak on November 07, 2024, 06:50:56 AM

We can't fully trust politicians, what they say could be just promises before they were elected. The same goes for Donald Trump, when the bitcoin conference took place, he seemed pro-community, his goal was only to increase his electability among crypto players. Now that Trump has been officially elected as the next president, it is futile to believe his promises or not, as we can only wait and see whether he will fulfill the wishes of the community or not.

As for the SEC, i don’t know exactly how the bureaucracy in this country works, but it seems like Donald Trump can’t fire Gary Gensler without cause. Fortunately, there is an analysis says that SEC chairman usually change with the president-elect ^[1].

[1] https://decrypt.co/290387/sec-chairman-gary-gensler-likely-resign-analyst

They get donations on blockchain now.

Edit: Just in: "Mark Uyeda leads race for SEC chair". -Cryptopanic.

bitLeap

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Quote from: NotATether on November 07, 2024, 12:56:54 AM

So everyone's already forgotten about his promise to free Ross, eh?

Poor guy. Man must hate his status of being used as a political pawn while not seeing any real freedom.

There are many promises on the list that Trump has to fulfill including some related to the future of Bitcoin and other promises like releasing Ulbricht but let's see which of the promises he actually fulfills. So taking a neutral stance until all of them are fulfilled is a good choice.

Easteregg69

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Gary is a thief. That is reason enough.

Burn baby burn.

How about Trump save him for the sole reason he is American? Happy end.

Pandorak

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We can't fully trust politicians, what they say could be just promises before they were elected. The same goes for Donald Trump, when the bitcoin conference took place, he seemed pro-community, his goal was only to increase his electability among crypto players. Now that Trump has been officially elected as the next president, it is futile to believe his promises or not, as we can only wait and see whether he will fulfill the wishes of the community or not.

As for the SEC, i don’t know exactly how the bureaucracy in this country works, but it seems like Donald Trump can’t fire Gary Gensler without cause. Fortunately, there is an analysis says that SEC chairman usually change with the president-elect ^[1].

[1] https://decrypt.co/290387/sec-chairman-gary-gensler-likely-resign-analyst

Russlenat

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Quote from: kotajikikox on November 07, 2024, 02:38:40 AM

Like I said, Trump will most likely appoint someone from his own party preferably someone in his inner circle already. If he could elect Elon Musk as the new chair, he might just do that. Who knows? But I know that Trump will never put someone against crypto if he is really serious about his plans with it. Without SEC breathing down exchanges and wallets' necks, there will certainly be more interest in crypto since investors/traders will not fear against laws anymore.

Trump could never appoint someone like Elon Musk because Elon lacks experience in public service and isn’t well-versed in securities laws or finance. The role needs someone who’s a lawyer, accountant, or has a background in finance. Plus, even if Elon were qualified, he wouldn’t waste his time as SEC chair as he's got bigger things to do, like preparing Mars for us.

Topic: TRUMP WINS! What does it mean? (Read 326 times)