What most beginners don't get about Bitcoin - page 5.

Wonder Work

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Quote from: coolcoinz on September 16, 2024, 01:18:23 PM

No US president has ever done anything good for bitcoin and I doubt this one will, yet we always had a bull market.

It is true that no US President has done anything for Bitcoin, but it is constantly seen that US Presidents are confident about Bitcoin when it comes to election, but they do nothing about it after the election.

Bitcoin2024 discussed about Trumps crypto a few month ago. Trump returned to the White House promising to make the US "the crypto capital" of the planet. But it appears he will do nothing more after the election.

Die_empty

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Quote from: Ambatman on September 16, 2024, 12:37:18 PM

To be sincere I'm getting tired of seeing the election candidates name.
Everybody there would always be a new thread about it.

This election became unique because a particular candidate began to campaign with Bitcoin. And this is the first time a leading candidate is doing such. So we might keep seeing threads like this till after the elections.

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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
Before everybody starts considering it old news.

Economic and political happenings will always influence the Bitcoin price. But the market will always stabilize within a short period. We don't need to support any candidate for Bitcoin to survive because it has become a key player in the global financial system.

coolcoinz

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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.

Porfirii

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Quote from: Emmanuelex on September 16, 2024, 12:46:21 PM

Years back, so many people, including politicians and influencers, spoke about bitcoin with the intention of discouraging its adoption, but here we are now; -snip-

I still remember DT talking about Bitcoin in Twitter when he wasn't giving a s*** for it some years ago when he got elected. And now he wants to create a reserve, yes, that's where we are now. Perhaps he had not yet accumulated enough at that time.

Some candidates can boost adoption while some others slow it down, but I am of your same opinion when you say that it matters little in general as to its future.

BitcoinBarrel

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The end of Bitcoin will come when they shut down the internet.

And you can best believe they would love that.

Emmanuelex

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Years back, so many people, including politicians and influencers, spoke about bitcoin with the intention of discouraging its adoption, but here we are now; it is near impossible to stop bitcoin at this stage. The adoption rate is high and it keeps growing everyday as the world gets to know about it.

So always ignore people who make those negative comments about bitcoin, it's their choice if they choose not to accept it, but it doesn't change the fact that bitcoin keeps growing and the market will keep doing well. The best I think the government can do now is try to control it. Hopefully they don't.

Ambatman

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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.

Outhue

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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.

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.

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