Topic: What most beginners don't get about Bitcoin - page 2. (Read 849 times)
It has been observed through out the history of Bitcoin, elected president of any nation don't have any effect in the market movement of Bitcoin, unless this person when seated on the position do something nefarious or very good to the market and adoption of Bitcoin. But, so far, we have not seen any newly seated president do that immediately after he won the election. Aside from the El Salvador President who is personally pushing Bitcoin adoption, other president where busy looking and studying their country's internal and external affair.
If you think about it, bitcoin has been through years of struggle, yet we’ve witnessed tremendous improvements and a growing adoption rate. That just shows how strong investor support has been—and it’s only getting stronger!
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.
I believe it does not matter who get elected as the US president as it would not have any effect on what is going to happen to Bitcoin in 2025. We have been experiencing the market fall and rise all through the years but in 2025, nothing is stopping the bull market therefore which ever is in the seat of the president does not matter. Bitcoin is independent of the US election. People saying if former president Donald trump does not win that the bull market would not happen are not familiar with how the market operates and are thinking the market needs Donald trump to become bullish. Institutional investors are the people controlling the market right now and anything they do or say determine what happens to the market therefore we have to be monitoring them to see what they are doing before we take decisions.
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.
Actually for now we are too deep when it comes to linking political issues with bitcoin which in the end bitcoin is only herded as an opinion just because they want the votes of existing investors which makes me not too fond of when it comes to linking bitcoin with politics and presidential elections that are currently busy.Although in the end when bitcoin is mentioned it can be something that will support adoption because at least they hear more bitcoin just because of some conversations or speech narratives given by politicians like this but for the election now it seems as if bitcoin is a struggle for them just because they want our votes to support when in fact it is just a plan of those who do not want to lose this election.
Utilizing bitcoin only for personal gain like this I don't really like it even though in the end we must realize that adoption will be easier if people who have power like this directly speak up about bitcoin but I don't really like them to say that they are the ones who are ultimately able to make bitcoin seem massively accepted.
I seriously doubt there’s any president out there who can stop bitcoin’s adoption. Investors hold way more power and influence than any U.S. president ever could. Honestly, we’re likely to see the same dynamics in bitcoin that we’ve seen in the past. So, there’s no need to worry about who wins the presidential election; we believe they won’t be the reason bitcoin fades away. In fact, it’s totally possible that the next president could end up being a huge supporter of bitcoin instead!
If you think about it, bitcoin has been through years of struggle, yet we’ve witnessed tremendous improvements and a growing adoption rate. That just shows how strong investor support has been—and it’s only getting stronger!
If you think about it, bitcoin has been through years of struggle, yet we’ve witnessed tremendous improvements and a growing adoption rate. That just shows how strong investor support has been—and it’s only getting stronger!
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.
I think now that we have the back of institutional investors now make it even difficult to determine the future of Bitcoin. People like Microstrategy, ETF investors and other institutions companies are buying Bitcoin and nobody knows when they will sell and even the people that are retail buyers are using these bags to speculate the next movement of Bitcoin, and there is also political involvement from the US country, these are factors that make it more interesting.
If anyone want to buy Bitcoin and he or she is looking to plug profit in the next year. I will advice them to use their money to enjoy the life they want to leave or have in the mind because it will take a long time to break many new all time highs, Bitcoin is too big now for little speculation to give it a big move, the moves need to be in unidirection before the ATH can be achievable and that comes with nothing but patience.
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. 
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.
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.
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.
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.
You are right. The current situation of bitcoin was seen to be impossible, but it happens now, so the thing is that I believe regardless of how they do it and try to bring bitcoin down, it will not happen, and the adoption of bitcoin will continue growing as more people are still coming. Although it will affect the market, as long as it does not affect the future of Bitcoin, there is nothing to panic about, for it will still bounce back.
One thing I believe is that even people that were talking about bitcoin before are now the top people who are holding bitcoin, so whatever they want to do, bitcoin will still remain there because many of these people also invested money in it, and also many influencers have already invested in bitcoin.
Bitcoin is an incredible coin, and nothing will bring it down because people invest in it, and certain countries utilize it as a method of exchange and to support their governments. So nothing can bring bitcoin down unless they don't have Internet, as @BitcoinBarrel claims, and they won't come because technology is constantly improving, so nothing will happen to bitcoin and people will continue to trade and invest with it and be getting profiting.
Some nations have already taken action against bitcoin or cryptocurrencies, preventing them from using it as a means of exchange. However, it is likely that they continue to invest in the unknown. He will be able to function properly on the internet. Every day, more people are turning to cryptocurrency investing because they believe it is a good way to make more money and integrate it with their physical business. So don't be thinking about bitcoin that he will go down or how to be topping your money when you invest since I don't really think that they will acquire anything that will stop bitcoin from operating.
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.
You don't need screenshots that can be faked.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.
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.
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.
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.
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.
Even your words are looking like sentimental they are factual as well, as long as there's a strong community behind any narrative innovation, the success is for sure, such events can suppress the growth rate but in the end, all the resistance is gonna change into support. All my fellow newbies need to know that we've covered a huge journey from the narrative of Ponzi to bubble and bubble to reliability and now this reliability is gonna change into the store of value which is looking more optimistic in coming cycle.
TBH, there are mostly positive vibes in the elections at least according to the current comments from both sides.
To be sincere I'm getting tired of seeing the election candidates name.
Everybody there would always be a new thread about it.
No it won't be the end of Bitcoin but it would slow it's adoption and growth.
No matter are we say it,Bitcoin exist in an environment and would be affected by factors in the environment
But mostly in a short period of time
Before everybody starts considering it old news.
Everybody there would always be a new thread about it.
No it won't be the end of Bitcoin but it would slow it's adoption and growth.
No matter are we say it,Bitcoin exist in an environment and would be affected by factors in the environment
But mostly in a short period of time
Before everybody starts considering it old news.
Yes, that's right, they will only create new topics when the period starts.
We are not sure about the final word of Bitcoin, honestly this is something that we can even say is impossible, Bitcoin will continue to move in its own concept with fluctuations that occur by itself, and it seems that this will indeed have an impact on the growth of adoption which will slow down.
Yeah, some factors do be affecting the speed at which BTC moves, however, the biggest trends of it can't be pushed nor to the left nor to the right - it's essential to remember that, and that the elections won't be some kind of voodoo event that would do something with BTC
Everything is going to be fine in the long run.
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, history will repeat itself and there is nothing any powerful being can do about it.
Haha, the only thing that can be done is to deny the people internet access and it is an unimaginable action that will affect everyone if such thing happen.
Someone once told me that, if not for the support that Bitcoin is getting from the government, that it would not have seen the great adoption and value it's getting today and the reply I gave to the person is that, there's nothing good that the government have ever done to make the value of Bitcoin grow or to facilitate it's adoption. They only hate Bitcoin and try to stop it but they can archive, rather Bitcoin is even going higher. The below comment by @coolcoinz, I agree.
Quote from: coolcoinz
link=topic=5509406.msg64539500#msg64539500 date=1726510703
link=topic=5509406.msg64539500#msg64539500 date=1726510703
No US president has ever done anything good for bitcoin and I doubt this one will, yet we always had a bull market.
That's right.
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.
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.
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.
that some of the asperant are even trying to be bullish on Bitcoin is an indication that they've seen the strength of Bitcoin and the community Bitcoin has built overtime and have understood that it's a sector they can't ignore since it's one that's natural void of any attachment with a political believe or affiliation. The uniqueness of Bitcoin is that it's bigger than the deciton that a single nation makes at the pool of her election. Because of it global usage, even if a nation opt out of being involved in it, it might be the same reason why another country would want to come into the system. Even if Trump that's being bullish about Bitcoin wins, it might not affect Bitcoin so well like most persons probably anticipate. If Kamala wins or any anti Bitcoin person wins, Bitcoin will still strive even stronger in the midst of those kind of supposed difficulty.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.
It's such a cool graph that shows that we are going up no matter who is the president of USA, maybe Americans can finally understand that they are not the whole world and the price of bitcoin doesn't give a damn about their president. Sure if there was some president that went "we are going to ban bitcoin" then yeah we could care, after all USA is a big economy and banning bitcoin would have been bad, but outside of that situation there is no reason to care about the president or the government there, we can keep ignoring it.
No matter who wins, as long as they do not ban it, the price of bitcoin will do fine and there is nothing we need to worry about, it's that simple. Of course this is not just about USA, it's the same for any nation out there, as long as it doesn't get banned, we don't care about UK or France or Germany or any other nation. The notion of thinking elections would mean something is an illusion and it doesn't matter at all.
No matter who wins, as long as they do not ban it, the price of bitcoin will do fine and there is nothing we need to worry about, it's that simple. Of course this is not just about USA, it's the same for any nation out there, as long as it doesn't get banned, we don't care about UK or France or Germany or any other nation. The notion of thinking elections would mean something is an illusion and it doesn't matter at all.
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it might have an effect when the elected president is the president who will remove or turn off the Internet worldwide. it sounds ridiculous and impossible for the world situation that is increasingly developing like today.
however, beginners in investment sometimes still can't ignore popular or latest news on social media. whatever happens, must have a little effect on the psychological situation of novice investors. it would be better for investors to focus more on the development of their portfolio. don't think too much about things that might mess up our investment plans. focus on getting more.
I don't think there are a president who want to turn off the Internet in his country because he gets the benefit from the Internet. He will not takes too long to lead his country as his citizen will demo him to down from the president chair. Those beginners can use the lates news from social media but they must filter and search for the other news to compare and find the right thing. That is not doing by those beginners and just trust 100% with the news and they don't think much about that so they decide in fast without think if that news is a fake.however, beginners in investment sometimes still can't ignore popular or latest news on social media. whatever happens, must have a little effect on the psychological situation of novice investors. it would be better for investors to focus more on the development of their portfolio. don't think too much about things that might mess up our investment plans. focus on getting more.
As an investor, we don't have to bother with the news because that can effect to our minds. If we want to focus with our Bitcoin investment, we don't have to think much about the other things. We can do other things to distract the negativity so we can back on the right track.
Through tough times of covid19 pandemic where people were dying, Bitcoin survives, and despite all the hates Bitcoin is having across the world by governments just because it is decentralized, Bitcoin still stands, then I don't think this election will have effect in Bitcoin adoption across the world.
We just have to wait and see even though not everyone will be in bitcoin but in the end we must realise that until now more and more people will adopt bitcoin because they know the advantages of bitcoin can not only be used as an option for payment but there are other things where investing in bitcoin will also be very good to do so that they can achieve financial freedom as expected.
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