Topic: What most beginners don't get about Bitcoin (Read 848 times)
The US election will have no effect on bitcoin is decentralized and difficult to control. The United States is very strong but not affected by bitcoin's environment the US president recommends a cautious yet strategic approach regardless of the outcome of the election. It is important to closely monitor political developments, as policy changes or candidate positions can cause significant price changes. Traders are encouraged to consider short term opportunities in the cryptocurrency market particularly bitcoin, which has shown resilience and growth potential during past election cycles.
The end of Bitcoin will come when they shut down the internet.
And you can best believe they would love that.
Precisely. No any powerful and highly influential individual can put bitcoin into its end. How many times a lot have tried to put bitcoin into non-existence but since bitcoin has already established its high potentials and highly reliable blockchain technology to those who believed in it, then it would be hard for any person even the US President itself to stop bitcoin operation.And you can best believe they would love that.
While the internet becomes the main channel to connect us to the world, then it will never come to shutting down, and so bitcoin is.
Well, it's either:
1. Trump already saw the value of Bitcoin, the community around it, and the potential of it in the future. Or
2. He's just using Bitcoin to increase his chances of winning but in reality, he will not do anything positive about Bitcoin and that, he's just using it to be more popular and to attract those voters that are involved into Bitcoin as well.
Both points could be true here. Since I am not from the US, I don't really know what is the point of view of people when they saw Trump is not against Bitcoin anymore and he has even started to support it. I don't know his character as well. Not sure how many people are open to discussing Bitcoin either. If Bitcoin is popular enough to bring him some votes, It is understandable why he started supporting Bitcoin now. 1. Trump already saw the value of Bitcoin, the community around it, and the potential of it in the future. Or
2. He's just using Bitcoin to increase his chances of winning but in reality, he will not do anything positive about Bitcoin and that, he's just using it to be more popular and to attract those voters that are involved into Bitcoin as well.
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I also remember him criticizing Bitcoin when, and yes his view about it might've changed already, but let's take note that these politicians are actors as well. 
Yeah, we should know that politicians usually promise a lot of things before the elections to get some votes. Unfortunately, they forget most of those promises once they get elected. This is not in the US but a worldwide issue. 
Don't be deceived because the rise is because of the hype from presidential aspirants after everything is said and done and the winner is appointed, they may back down on their promises, and everything will go back to normal. Meanwhile, I do not believe anything at all that it is because of US presidents the price of Bitcoins is going how. I see it as a coincidence because Bitcoin would still do better or the same way it is now if there were no electoral campaigns and hype from US presidential aspirants.
The election coming up is just making everything to be easy for Bitcoin as when there's an event that is bullish for Bitcoin, it causes the price of Bitcoin to increase. The fed just raised interest rates therefore Bitcoin would had still been bullish despite there was no election. Newbies should be very careful of how they're chasing after every Bitcoin pump as they don't know if the pump is going to continue or it was a fake one that happened due to manipulation. Most newbies don't get that Bitcoin is going to rise and fall away, from my little conversations with some of them, they think that after they have invested in Bitcoin that it'll continue to rise and give them profits everything.
The end of Bitcoin will come when they shut down the internet.
And you can best believe they would love that.
And you can best believe they would love that.
If they stop internet access, believe me the world is not okay, maybe on the verge of extinction and there will be no more life on this earth
as long as lust still blows then the price of bitcoin will continue to rise and fall whoever the president is later
The president has some factors especially in the US and for the other countries, it's about the policies that they're going to implement about Bitcoin. A president that doesn't like Bitcoin will likely ban it thus remains neutral and will continue to let its constituent do its thing with Bitcoin. While there's an impact about it, soon in the long run there's likely no effect at all because with or without their intervention, Bitcoin will remain okay. 
The US election effect on bitcoin cannot be overemphasized as everyone is now talking more about it and how they fell it will affect bitcoin globally. I don’t really fancy the way the election of one place will have so much effect on a currency as it’s been speculated. They can’t stop the existence of bitcoin, they can only slow its adoption or further increases it depending on what the view of the reigning government has about it. It is better those news can stop having effect on bitcoin, the future of something unique can’t be more tied to only one country.
Bitcoin is a digital currency and its a currency that is decentralized, so assuming bitcoin is a centralized I would have concur in this statement may people portray, but I'm try to outline just five reasons while US elections will affect bitcoin market, but none of this people who is creating different threads that relates with US elections and bitcoin, its obvious that bitcoin independent currency and theirs no country that owns bitcoin or have the documents of bitcoin, so I see those statements as assumptions not real, actually some negative information can affect bitcoin due to market conditions but as a particular country elections cant eliminate the existence neither it will give rise to more investors in bitcoin. 
But you also have to consider every investors that also own bitcoin. Unlike any other politicians way back then that really affect the flow of the market as to compare today that many investors are owning bitcoin. I don't think politicians can take bitcoin down that easily.
You are right but that applies to small countries that do not have bitcoin, if it is done in the US it is very likely to affect the bitcoin market quite crazily, after all the US is a very large country, has bitcoin ownership and also many bitcoin investors from there, especially after the emergence of the Bitcoin ETF in the US market political decisions regarding Bitcoin will greatly affect bitcoin even though it does not kill bitcoin, don't forget there are also miners if political decisions make it difficult for miners and bitcoin holders in the US the market will be shaken for a long time, and bitcoin will be accepted again afterwards. This is a small gift to everyone bitcoin investors that still believes that if a supposed cruel presidential candidate gets to the throne of the US president it will be the end for Bitcoin, I have too many people screaming this in my ear and I am sick of it.
Well, probably those people better sell their bitcoins, clearly 1) they don't understand how bitcoin works 2) they can't manage the stress, if we can call it this way. Of course if Harris is elected won't help bitcoin but there is nothing she can really do to stop it. Let's take a look what happened with their friend at the SEC, Gary Gensler: they delated the ETFs as much as they could but they couldn't go against the big funds. Do I like Harris? Absolutely not. Am I worries about her? Absolutely not.
Bitcoin was grounded on decentralisation and financial freedom ideals. It seems unwise to put too much hope, trust, or fear into specific people and governmental institutions of a specific country. The US is powerful, and the US President is pretty powerful as well. But Bitcoin transcends the borders and can be alright during different presidents and US policies. I don't think this election will make a major difference, not in the long run. So, in that sense, I agree with the op showing that Bitcoin has been rising gradually over different US presidents, despite whatever their opinions were.
Don't be deceived because the rise is because of the hype from presidential aspirants after everything is said and done and the winner is appointed, they may back down on their promises, and everything will go back to normal. Meanwhile, I do not believe anything at all that it is because of US presidents the price of Bitcoins is going how. I see it as a coincidence because Bitcoin would still do better or the same way it is now if there were no electoral campaigns and hype from US presidential aspirants. Bitcoin was grounded on decentralisation and financial freedom ideals. It seems unwise to put too much hope, trust, or fear into specific people and governmental institutions of a specific country. The US is powerful, and the US President is pretty powerful as well. But Bitcoin transcends the borders and can be alright during different presidents and US policies. I don't think this election will make a major difference, not in the long run. So, in that sense, I agree with the op showing that Bitcoin has been rising gradually over different US presidents, despite whatever their opinions were.
Yeah bro, I wonder why people would be placing the fate of Bitcoin on some entities, Bitcoin is decentralised in nature and according to history it haven't been controlled by anyone and won't be currently, that's what makes it so unique and special for investors who believe in it's potential, despite the government institutions fighting hard to gain control over Bitcoin but to no avail and it still flourished overtime till this point. Majority are gradually seeing the usefulness of Bitcoin as an asset class hence the mass adoption by various individuals and institutions and I believe in the near future It could become widely accepted globally both for carrying out local and International transactions as well as different use case. People should disregard critics who come up with false points to backlash Bitcoin and jump on it cause it has lots of benefits for the future, those who have been holding for 5 years plus can testify of it's benefits as an asset class.
As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.
Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.
Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.
A lot of Bitcoin beginners are used to quick profit because they are used to quick way it has given them profit. The all time high we are seeing today was first tested from $4k on average on many exchange after the covid collapse and that made a lot of money for beginners that bought Bitcoin during that time. I remember we touched $68k until it collapsed again and now we are here there again and they are still expecting the same run again, so many calling for $100k but the reality is far from there.
The $100k many are calling now, if we mistakenly enter that region, I will it 24 hours it will crash because everyone will sell immediately but if we can get there gradually, break $80k, $90k before going $100k, it will form a covalent bond that wouldn't break easily, this is what Bitcoin has been doing for years.
If they stop internet access, believe me the world is not okay, maybe on the verge of extinction and there will be no more life on this earth, as long as lust still blows then the price of bitcoin will continue to rise and fall whoever the president is later
The price of Bitcoin will never settle like a stable coin so that the rise and fall of the price will always be seen in the market because it is a very normal thing to happen to Bitcoin without having to associate it with any president. But when there is a president of a big country who really likes Bitcoin and is able to influence many other parties to want to like Bitcoin and buy it in large quantities, of course the good effects that we will see and feel together through Bitcoin will also be very large. 
This is a small gift to everyone bitcoin investors that still believes that if a supposed cruel presidential candidate gets to the throne of the US president it will be the end for Bitcoin, I have too many people screaming this in my ear and I am sick of it.
Well, probably those people better sell their bitcoins, clearly 1) they don't understand how bitcoin works 2) they can't manage the stress, if we can call it this way. Of course if Harris is elected won't help bitcoin but there is nothing she can really do to stop it. Let's take a look what happened with their friend at the SEC, Gary Gensler: they delated the ETFs as much as they could but they couldn't go against the big funds. Do I like Harris? Absolutely not. Am I worries about her? Absolutely not. 
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As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.
Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.
A lot of election-related threads. Same threads here and there. Well, the context might be different but it revolves around politicians and Bitcoin.As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.
Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.
Bitcoin doesn't need these politicians, but the politicians need Bitcoin to boost their popularity. One thing's for sure though. Bitcoin will thrive no matter who will be winning as president in the US election. TBH, I hate to see the election being a catalyst towards the upcoming bull market that we've waiting for, but it is what it is. What I predict is that, the market will start to go up as soon as Trump wins the election "yet again", but if Harris wins, I doubt that there's a negative effect of it towards the market.
I have seen a screenshot somewhere on social media where Trump said that Bitcoin is useless or something negative like that. But Trump lately changed his point of view over Bitcoin. Some Bitcoiners calling Trump as crypto friendly guy and they sounds like Trump will help Bitcoin to boom if he get elected in the next us election. But as we all know, the politicians always promise whatever helps them to get some votes from the people. As you said, it doesn't really matter who is going to elected. Bitcoin will have it's own pace.
Well, it's either:1. Trump already saw the value of Bitcoin, the community around it, and the potential of it in the future. Or
2. He's just using Bitcoin to increase his chances of winning but in reality, he will not do anything positive about Bitcoin and that, he's just using it to be more popular and to attract those voters that are involved into Bitcoin as well.
I also remember him criticizing Bitcoin when, and yes his view about it might've changed already, but let's take note that these politicians are actors as well.
I just made read a similiar thread and I think my comments there will also be appropriate here. In my estimation, bitcoin is bigger than any individual or entity. So whether the election is won by kamala or Trump, it wouldn't hurt bitcoin. Those people who think that it will be the end for bitcoin, here's for you from my previous comment, I think that bitcoin has gone the stage where a single individual or entity can crash its price. This isn't 7 years ago. We have gone past that now. And now even a hundred tweets from Trump or the outcome of the election on Nov 5 isn't doing nothing.
I do agree with this, it's bigger than even nations, because even if it's banned in one big nation (which we had with China already) it still keeps going strong, it doesn't care about just places or regions or people, we still continue to do well and that is why I think we are going to see bitcoin do fine in the end.We should realize that the best thing to do right now would be just focusing on how we individually could benefit from this and as long as we can find something that we can benefit from them it will not be an issue and we are going to do just okay. Of course it is not going to end up with that much trouble at the moment but we know that it is going to be an issue and we can't do that crazy right now, just focus on what we can do with what we have and that should be fine. I understand that it is going to take some time but that is why I believe that the best thing to do right now would be just focusing on how to get better results whenever we can.
This is a small gift to everyone bitcoin investors that still believes that if a supposed cruel presidential candidate gets to the throne of the US president it will be the end for Bitcoin, I have too many people screaming this in my ear and I am sick of it.
This will be a separate agenda in the election and perhaps certain candidates will be the most frequently raised issues and the US as a large country will be the center of attention. So in a much bigger case, it is better to ignore everything because bitcoin has found its own way even though it has been shaken by various problems that have emerged and been linked.As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.
Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.
We know that Bitcoin has gained widespread adoption all over the world even though there are still some countries that ban Bitcoin but that doesn’t stop Bitcoin from growing. Negative issues can never be avoided now but people are getting smarter in dealing with such issues. So the only concern why people easily get caught up in such issues is because they don’t understand Bitcoin from its inception until now. Whereas they can see historically how Bitcoin has shown quite significant improvement in its journey.Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.
Fud and negative new that emerges may affect it a little but in the long run this is not a big problem. Rather than being too busy thinking about the problem, it is better to focus on collecting so that at the next ATH we get maximum profit from the investment that is being undertaken.
But you also have to consider every investors that also own bitcoin. Unlike any other politicians way back then that really affect the flow of the market as to compare today that many investors are owning bitcoin. I don't think politicians can take bitcoin down that easily.
The end of Bitcoin will come when they shut down the internet.
And you can best believe they would love that.
True. Bitcoin will only come to its end not because of someone influential but because the world is definitely shutting its internet down. And I don't think that's going to happen in the future since the whole world is already dependent into the internet to make lives more comfortable and convenient. Which means bitcoin today might already stay for good as long as the internet is always available. And you can best believe they would love that.
This is a small gift to everyone bitcoin investors that still believes that if a supposed cruel presidential candidate gets to the throne of the US president it will be the end for Bitcoin, I have too many people screaming this in my ear and I am sick of it.
-snip-
As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.
Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.
This is nothing new here in the crypto world. People act like if a certain "evil" candidate wins the upcoming election, Bitcoin's going to disappear overnight and once again "die" (like it has happened in the past millions of time according to them). But honestly it doesn't really matter who's wins the elect and is in the office. Sure, the market might go up and down a lot (which is very normal for volatile assets) for a bit right after the election, but those effects are usually short lived. Prices might skyrocket or dip, but they always seem to correct themselves eventually. That's just how decentralized markets actually work. So yeah, no need to stress too much about politics. We have seen the best and the worst and bitcoin still lives. -snip-
As you can see, it doesn't matter, the past years was even a more challenging period for Bitcoin because this present wide adoption looked impossible at the time, anyone could easily call Bitcoin a useless invention at the time, but here we are, it survived.
Let's see what unfolds by Nov 5 and into 2025, history will repeat itself and there is nothing any powerful being can do about it.
The end of Bitcoin will come when they shut down the internet.
And you can best believe they would love that.
And you can best believe they would love that.
If they stop internet access, believe me the world is not okay, maybe on the verge of extinction and there will be no more life on this earth, as long as lust still blows then the price of bitcoin will continue to rise and fall whoever the president is later
IMO this is a conicidence that a bull market comes in 4 year cycles, just like US election. The way I see it, halving decreases the amount of bitcoin being sold by miners and increases the price at which they have to sell, which impacts the total price, but it doesn't happen immediately. New coins have to be mined first.
No US president has ever done anything good for bitcoin and I doubt this one will, yet we always had a bull market.
No US president has ever done anything good for bitcoin and I doubt this one will, yet we always had a bull market.
In my opinion, an event such as halving should not lead to an increase in the price of Bitcoin after the event (after the occurrence of the event called halving).
After all, the result that the occurrence of this event will lead to is known in advance. All investors know in advance about an event such as halving, and they also know about the effect of this event (this event should reduce the supply of Bitcoin and, accordingly, create unsatisfied demand).
Since all this information is known in advance, this effect should increase the price of the first cryptocurrency even before this event (before the occurrence of the event called halving). After halving, this event should no longer have any effect on the price.
If the result of the event is unknown in advance, then the occurrence of this event can affect the price of Bitcoin....
This is probably what is happening in the situation with the presidential elections in the USA. After the elections, independent observers - Bitcoin investors are clearly convinced that no negative events regarding Bitcoin have occurred (the new president is not trying, for example, to ban Bitcoin in the USA).
And this new information allows the price of Bitcoin to grow, stimulating the bull market.
Searching can help you to find available posts and resources on Internet to confirm information you need. Like this tweet of Donald Trump on Twitter, now X platform.
https://x.com/realDonaldTrump/status/1149472282584072192
Rather than screenshot it, I quote its content.
The post is in 2019, five years ago and we can see people can change when they want. I don't argue here about reasons why Trump changed but let's think positively and generally we want to have bigger adoption for Bitcoin. It is not important of reasons why they changed but if they changed from protesting against Bitcoin to be a Bitcoin user, a Bitcoin supporter, it's good.
https://x.com/realDonaldTrump/status/1149472282584072192
Rather than screenshot it, I quote its content.
Quote
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....
The post is in 2019, five years ago and we can see people can change when they want. I don't argue here about reasons why Trump changed but let's think positively and generally we want to have bigger adoption for Bitcoin. It is not important of reasons why they changed but if they changed from protesting against Bitcoin to be a Bitcoin user, a Bitcoin supporter, it's good.
Thank you very much for quoting this. I have seen this tweet before so I did not rely on the screenshot only which can be faked. I knew Trump as Bitcoin hater before. But, his point of view changed lately. I don't know what is his plan about Bitcoin as some people also saying that Trump will make Bitcoin illegal in the US (Which I do not believe at all). But, I understand a thing that the politicians can give fake promises to get some votes and support. Even if Trump does not support Bitcoin, it won't be a problem for the Bitcoiners.
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