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Topic: What most beginners don't get about Bitcoin (Read 884 times)

sr. member
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September 22, 2024, 07:17:15 AM
#88
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.
legendary
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September 22, 2024, 07:01:16 AM
#87
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.

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.
hero member
Activity: 840
Merit: 522
September 22, 2024, 06:48:36 AM
#86
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.

Quote
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. Wink
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.
hero member
Activity: 616
Merit: 749
September 21, 2024, 01:13:29 AM
#85
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.
hero member
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September 20, 2024, 04:56:45 PM
#84
The end of Bitcoin will come when they shut down the internet.

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
The world will be in chaos digitally and physically when that happens. Most of the businesses now relies on the internet and that's why shutting it down will cost not just billions in dollars but trillions and even more. But even with that chaos, I think that we'll still be alive by that time unless you're talking about the apocalypse where everyone has left this world and we probably 6 feet below the ground.

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.
hero member
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September 20, 2024, 04:32:58 PM
#83
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.
hero member
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Merit: 610
September 20, 2024, 04:01:23 PM
#82
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.
The fact is that people from the Democrats have always suppressed this industry, in the Biden era they were also quite sensitive, but some policies were passed such as the bitcoin ETF being traded, I think if Harris is elected it might have the same fate, they will impose harsh policies, but on the other hand they also support in their own way.
sr. member
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September 20, 2024, 03:38:00 PM
#81
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.
It cannot be controlled completely by anyone, but it has been influenced by some factors and electoral government practices are one factor. In the right sense, it is normal to be persuaded by their promises on the price of Bitcoin going high if they are elected which I call political fallacies but it won't last for long since its only for a person's ambitions.
sr. member
Activity: 490
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September 20, 2024, 02:46:01 PM
#80
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 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.
hero member
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September 20, 2024, 11:22:37 AM
#79
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.
legendary
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September 20, 2024, 11:13:09 AM
#78
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.
legendary
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September 20, 2024, 10:34:13 AM
#77
---
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.

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. Wink
hero member
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September 20, 2024, 05:34:00 AM
#76
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.
hero member
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September 19, 2024, 08:44:32 PM
#75
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.

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.
jr. member
Activity: 71
Merit: 2
September 19, 2024, 07:40:17 PM
#74
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.
hero member
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September 19, 2024, 04:58:12 PM
#73
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.
copper member
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September 19, 2024, 11:37:10 AM
#72
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.
legendary
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September 19, 2024, 10:02:24 AM
#71
The end of Bitcoin will come when they shut down the internet.

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
legendary
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September 19, 2024, 09:14:12 AM
#70
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.

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.
hero member
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September 18, 2024, 11:35:28 PM
#69
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.

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.
legendary
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September 18, 2024, 05:45:06 PM
#68
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.
member
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September 18, 2024, 05:25:14 PM
#67

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!
It's probably ignorance that leads to people speculating that bitcoin will probably vanish after soon one attain the US presidential position. I feel the elections impact in the crypto and bitcoin industry is over exaggerated, instead of people finding out what exactly is the catalyst of bitcoin price spikes they just believe that what a nations government decides over bitcoin precedes over the entire world but I guess OP is here to inculcate that knowledge they lack into them.
sr. member
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September 18, 2024, 04:59:22 PM
#66
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.
hero member
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September 18, 2024, 03:48:06 PM
#65
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.
legendary
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September 18, 2024, 03:00:31 PM
#64
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!
hero member
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September 18, 2024, 10:27:38 AM
#63
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.

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.
hero member
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September 18, 2024, 10:23:54 AM
#62
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.
legendary
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September 18, 2024, 09:54:21 AM
#61
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.
sr. member
Activity: 476
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September 18, 2024, 09:48:24 AM
#60
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.
I'm not from the United States though, but that wouldn't take my interest away entirely from the whole election banters. Now i get to wonder as why the aspiring candidate are so much interested in the Bitcoin community, is it that the community is now populated enough to determine the outcome of the election because this candidates may not have seem too promising at first towards the Bitcoin community but we do believe people changes, that's how the rate of adoption increases. Either any of them becoming the winner at last may not play a huge significant role in Bitcoin, even if we get to see a price hike or down play that can't be stabilized at that point, it must later on drop back to its original price mark. Votes should just be given based on points drawn from economic flows, security levels and other crucial related matters.
full member
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September 18, 2024, 07:44:49 AM
#59
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.

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.
hero member
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September 18, 2024, 07:40:30 AM
#58
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.
hero member
Activity: 840
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September 18, 2024, 07:34:54 AM
#57
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.
legendary
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September 18, 2024, 07:27:20 AM
#56
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.

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.
copper member
Activity: 196
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September 18, 2024, 07:09:02 AM
#55
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.

 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  Roll Eyes
Everything is going to be fine in the long run.
hero member
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September 18, 2024, 04:54:47 AM
#54
, 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
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.
hero member
Activity: 1190
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Livecasino.io
September 18, 2024, 03:06:09 AM
#53
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.

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.
full member
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September 18, 2024, 01:23:48 AM
#52
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.

legendary
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www.Crypto.Games: Multiple coins, multiple games
September 18, 2024, 01:05:04 AM
#51
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.
hero member
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September 18, 2024, 12:58:30 AM
#50
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.

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.
hero member
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September 17, 2024, 04:05:02 PM
#49

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.
Because in the end consciously or not we can see the comparison even though we cannot deny that when the bitcoin covid also experienced a little estrangement but when a lot of people think and realise we can actually see that the movement of bitcoin never stops even though there are problems that will disrupt the economy in the end.

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.
full member
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September 17, 2024, 03:53:35 PM
#48
On your own do you believe that Bitcoin can end some day? For me Bitcoin has stand firm and nothing will happen to Bitcoin as I have seen the long term Bitcoin has stayed since 2009, if gold that has being existing long time ago is still evoke that means no president of US can stop Bitcoin to not exist, Bitcoin is not a particular country currency but generally used by different countries that knows about bitcoin, I know very well of bitcoin, and I know that bitcoin is something that even though every country us against it, it will definitely stand firm, so I know that bitcoin is digital currency not a centralized currency that can be controlled by a particular country government
member
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September 17, 2024, 03:25:06 PM
#47
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.

 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.
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September 17, 2024, 03:21:38 PM
#46
I know that by the end of the year, we would have seen the results of the presidential race, but before then i hate seeing that people are taking it for granted that bitcoin is going to be affect by any of the presidential candidate emergence into office, bitcoin is not going to obey by the dictates of the people or by the way of how they are reacting towards it, because it was not designed to be under the control of the people, instead, the people were to see the importance of its adoption in everything that they do, which make it more of the fact that the people needed bitcoin more than how bitcoin could rely on them for its performance.
sr. member
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September 17, 2024, 01:59:30 PM
#45
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.

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. 
sr. member
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September 17, 2024, 01:27:54 PM
#44
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.
No matter the outcome, it will have nothing to do with Bitcoin future; it can only have effect in the market fluctuations because of the US citizens and the news might cause panic to some users who believe that the new coming government will have something to do with Bitcoin price.
On the contrary, the outcome of the elections will definitely have an impact on bitcoin price. No doubt, no political leader can erase the existence of bitcoin but the political outmosphere will sure have a significant effect on the market. A government in power that creates a friendly environment for Bitcoin to grow and gain mass adoption will definitely encourage institutional investors to adopt bitcoin. This will cause a significant effect on bitcoin price. Where there is no conducive environment for these institutional investors to come in, we can imagine what effect it will have on the market.

I am a Bitcoin enthusiast and I wouldn't hide from the fact because I am passionate about Bitcoin.
full member
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September 17, 2024, 11:46:05 AM
#43
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.
Yeah honestly the way people where spoken about the bitcoins adoption in the previous years back, both the politicians and the influencers of to say people where be with them during that time the bitcoins will not longer flow like up to now, because they where want to discourage people by bitcoins adoption; and Bitcoin is something that once a person is already knows how it work and bring a lot of profits it will be very hard to stop the bitcoins at any stages.

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.
The way this life is going on now is not even necessary to seek for a person opinion when it comes to purchase a bitcoins, because of try to consult some people that you’ve having interest on Bitcoin instead of them to give encourage you; or comments something better they will be looking for a way to discourage you to stay away fro the bitcoins, and even though the Bitcoins market is not that well for now it will be more best in  future: not till the government have control on Bitcoins; since the government don’t want anything that will make Bitcoins to develop in the country.
sr. member
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September 17, 2024, 11:09:29 AM
#42
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.
No matter the outcome, it will have nothing to do with Bitcoin future; it can only have effect in the market fluctuations because of the US citizens and the news might cause panic to some users who believe that the new coming government will have something to do with Bitcoin price.

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.
hero member
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September 17, 2024, 10:43:41 AM
#41
The super cycle effect is more powerful than the presidential elections, that's why no matter who wins or lose, Bitcoin price will move based on the history.
It's power of historic rhythm and Bitcoin price can move with one of past fractals and with some small different than fractals. Generally, history repeats itself and Bitcoin continues its growth after each Bitcoin halving and each four-year market cycle.

History is shown there https://charts.bitbo.io/yearly-candles/

Quote
Maybe short term effect is unavoidable since there are still many weak hands.
In the market, there are people with weak hands, but super greed mind and they bring money to this market to help intelligent investors to get profit.

Quote
Right now, the price went back to $60K, I don't expect Bitcoin will go lower after this month.
I don't know, even it has some more months of corrections, re-accumulations, it will be just fine as Bitcoin preparation for a next bullish phase.

Quote
So, if you have bought Bitcoin when it was $50K, hold it.
Experienced investors already bought during latest dips but most of newbies missed these dips. Months ago, when Bitcoin price as above $70k, they hoped to get price about $50k to buy, but when opportunities came recent months, they were fearful and did not buy. They will regret when Bitcoin breaks current ATH and climb strongly towards $80k, $90k or $100k.

These dips, drawdowns in a bull run, are smaller than drawdowns in previous cycles but are still very good.
https://charts.bitbo.io/price-drawdown-from-all-time-high/
hero member
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September 17, 2024, 10:18:43 AM
#40
The super cycle effect is more powerful than the presidential elections, that's why no matter who wins or lose, Bitcoin price will move based on the history. Maybe short term effect is unavoidable since there are still many weak hands.

Right now, the price went back to $60K, I don't expect Bitcoin will go lower after this month.

So, if you have bought Bitcoin when it was $50K, hold it.
sr. member
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September 17, 2024, 05:29:43 AM
#39
The presidential candidate of "one" country does not matter to bitcoin. It may show short term ups or down but that is it.
What matter is whether they introduce new laws or regulations on cryptocurrency use or abuse during their term. Now I know that many people are betting on bitcoin for which candidate is going to win and by how much and all that, but it really does not impact the long term price of bitcoin.
This market is volatile and sensitive with news while newbies love reading news. Newbies are most vulnerable participants in the market especially they are very weak against bad news and fud.

You said the truth, that no one presidential nominee in a single country can impact negatively on Bitcoin. After get elected and become an official president, there are possible some new laws, and regulations will be signed by that new president but effects won't be like globally and last too long. Impacts will appear but it is because people in this market are affected and manipulated by news, so they mostly overreact against bad news.

Quote
Beginners dont get it because they have not see charts through such events in the past.
There is a website for Bitcoin obituaries and Bitcoin historical price & events
https://99bitcoins.com/bitcoin/historical-price/
legendary
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September 17, 2024, 05:25:43 AM
#38
It is nearly time for the bullish period in the Bitcoin cycle. We have been chopping around for months now, many people are losing hope. This is exactly the time when Bitcoin starts to pump. I expect the last part of 2024 & then pushing into 2025 to be very bullish. 
sr. member
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September 17, 2024, 05:09:46 AM
#37
To be sincere I'm getting tired of seeing the election candidates name.
Everybody there would always be a new thread about it.
People are definitely milking this topic for activities and engagement. I understand that this is a very relevant topic for american citizens and the entire world are also aware and tuned in but crypto is hardly mentioned in the times when people expect these candidates to mention crypto. I feel like we are putting too much expectation and responsibility to these candidates to somehow uplift bitcoin when bitcoin can do it all by itself.
Quote
But mostly in a short period of time
Before everybody starts considering it old news.
Well there’s two months left of this. Not that long left for this election to be over and people who keep saying that bitcoin will crash if a certain candidate wins can finally be proven wrong. We can then actually focus on bitcoin and take it out of political matters.
legendary
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September 17, 2024, 04:37:49 AM
#36
I have said this in previous threads too, I will say it again.

The presidential candidate of "one" country does not matter to bitcoin. It may show short term ups or down but that is it.
What matter is whether they introduce new laws or regulations on cryptocurrency use or abuse during their term. Now I know that many people are betting on bitcoin for which candidate is going to win and by how much and all that, but it really does not impact the long term price of bitcoin.

Beginners dont get it because they have not see charts through such events in the past.
legendary
Activity: 2464
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September 17, 2024, 04:09:40 AM
#35
Those new investors needs to focus on their investment and not in the election because with or without that, Bitcoin will still go on and get more adoption. We don't have to think about that and let along focus to accumulating more Bitcoin before the time is leave us. Bitcoin is strong enough to survive so we don't have to worry with anything and even the new president don't support Bitcoin, Bitcoin will be more popular. It is better we watch the market move and analyze it so we can benefit from the situation that will happen and not think about the election. The political now trying to attract people attention to support them and they will do many things even if that is mean they are saying support Bitcoin. But I am not sure if they really support it.

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.

Why would one person who happens to be president of the United States decide
that it would be a great idea to "turn off" the internet?

If he or she did happen to have a big red button in the white house for "turning off the internet"
it would only cripple every economy in the world because everyone uses for banking and communications.

As has already been posted Bitcoin is decentralised, one president from one country
isnt going to be able to stop it, its also worth considering that with the approval of the
spot ETF's in the US Bitcoin has now been accepted by traditional investors and
they carry a lot of influence through the top investment firms.
hero member
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September 17, 2024, 04:04:02 AM
#34
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.
Even if a president is elected and not in support of bitcoin I'm still wondering how it will affect adoption of bitcoin because I'm not sure if any of the past presidents were in support of bitcoin and bitcoin was able to gain adoption and still gaining adoption. If the elected president is not in support of bitcoin it will still get relevant and more adoption because the president can't stop people from investing bitcoin. If bitcoin was able to survive at it early stage with so many lies from people trying to demarket it, that means no amount of opposition and rejection will affect adoption, value of bitcoin because the past of bitcoin have really prove what bitcoin is. Bitcoin will keep existing with good value provided that the government is in support of it or not.

If eventually the president is not a fan of bitcoin and their are strict regulations to buy and sell , it is a challenge that can still be overcome because we have gone through hard times like this in the past. Inflation and the nature of fiat is a very good reason why people will still hold to bitcoin and never give up no matter what may be the challenge at anytime.
hero member
Activity: 826
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September 17, 2024, 03:22:38 AM
#33
Those new investors needs to focus on their investment and not in the election because with or without that, Bitcoin will still go on and get more adoption. We don't have to think about that and let along focus to accumulating more Bitcoin before the time is leave us. Bitcoin is strong enough to survive so we don't have to worry with anything and even the new president don't support Bitcoin, Bitcoin will be more popular. It is better we watch the market move and analyze it so we can benefit from the situation that will happen and not think about the election. The political now trying to attract people attention to support them and they will do many things even if that is mean they are saying support Bitcoin. But I am not sure if they really support it.

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.
sr. member
Activity: 630
Merit: 352
September 17, 2024, 03:19:32 AM
#32
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 why I am not even commenting for now with those election related threads that are connecting with Bitcoin prices. Because whoever wins there and whoever sits on the White House, Bitcoin doesn't care at all and it doesn't matter who wins it. The charts speak for itself, Bitcoin will get to the top no matter what happens. It's more concerning about the situation of the world like what the pandemic has came and the wars that has triggered than of the election but I know that these global economical issues and wars that are happening has something to do with the US election's.
Bitcoin is decentralized and that means that there's no centralized authority that has autonomy over it therefore as far as it's in the hands of hodlers they own the autonomy over it. As the image showed In the OP clearly Bitcoin has been gaining adoption despite that past and the present American presidents never supported it. I believe that when a new president emerges in America, if he/she doesn't support it, it'll still be business as usual for Bitcoin adoption. From my experience and research in Bitcoin, any factor that affects or manipulates it's price is always on the short term, it's price will recover and it'll be business as usual again.
hero member
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September 17, 2024, 02:57:26 AM
#31
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.
Hahaha...if anyone believes this, then such is misrepresenting things. Although it still depends on the disposition of such a US president to Bitcoin and others, but we can't use the present and the past history to judge what would happen in the future.

I've never seen any US administration that is anti-crypto, it would have been worse for crypto space if such happened judging by the status of the USA and the USD in the world economy. Even Joe Biden's administration which many uninformed people perceived as anti-crypto is not so because there is a difference between banning/clamping down on crypto and regulating it.
sr. member
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Forum Only For Fun
September 17, 2024, 02:35:18 AM
#30
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 also feel sick every time someone talks about Bitcoin with politicians because Bitcoin feels like a politicized object so that for beginners who know Bitcoin, Bitcoin is only about the price when the American presidential candidate is in power.

For those of us who live in countries that do not legalize Bitcoin as a means of payment when the discussion is about price, to be honest we are happy because we can get big profits when the price increases many times over.
The knowledge that I currently hold is that Bitcoin is an asset that can maintain or protect the value of the results of my hard work so far, we have worked day and night because we are not allowed to use Bitcoin as a means of payment.
full member
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September 17, 2024, 01:18:11 AM
#29


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.

There is no organization, government or country that has been able to bring down bitcoin to the point of being worthless. So far we have only often heard that the price of bitcoin will be destroyed by a country that will ban Bitcoin, but in reality until now the price of Bitcoin has been very expensive if we compare it to the price of Bitcoin from years ago. Nothing can paralyze bitcoin unless the apocalypse comes so that all electricity and internet networks are completely paralyzed due to damage on earth.
hero member
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September 17, 2024, 12:22:55 AM
#28
Those new investors needs to focus on their investment and not in the election because with or without that, Bitcoin will still go on and get more adoption. We don't have to think about that and let along focus to accumulating more Bitcoin before the time is leave us. Bitcoin is strong enough to survive so we don't have to worry with anything and even the new president don't support Bitcoin, Bitcoin will be more popular. It is better we watch the market move and analyze it so we can benefit from the situation that will happen and not think about the election. The political now trying to attract people attention to support them and they will do many things even if that is mean they are saying support Bitcoin. But I am not sure if they really support it.
sr. member
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September 17, 2024, 12:12:49 AM
#27
I don't care who becomes president of the US and I'm not really interested in getting involved in the ever-surfacing issues about the future of Bitcoin that are always linked to the election, I think it's all full of drama that is very neatly set up to satisfy the desires of both candidates and their loyal supporters. Bitcoin has managed to survive various major shocks before, but until now it still exists and is getting more attention from various investors.
I don't want to think too far into this, Bitcoin never ends even after the US elections are held many times. My belief in Bitcoin is very clear, there is no doubt whatsoever to say "Bitcoin will continue to grow and its price will continue to increase in the future". That's why I never believed it would be the end of Bitcoin.


Agree with this. Every election, candidates will definitely look for strategic issues to campaign and seek support. The issue will continue to be rolled out as if if this president is elected, Bitcoin will increase, conversely if another president is elected, Bitcoin will die. This issue is indeed easy to bring because we know that Bitcoin continues to grow and many countries have started to adopt it and the US is a superpower that plays with issues like this is very easy for the public to believe.

In fact, as you said, whether there is an election or not, Bitcoin is not affected, even if it is affected, it is only for the short term. Because Bitcoin cannot be controlled by one group or one entity, Bitcoin is freedom and will continue to grow over time. Aren't there many countries that want to kill Bitcoin but still fail, that means Bitcoin is indeed not controlled by anyone.
legendary
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September 16, 2024, 11:59:50 PM
#26
I am also tired of all this screaming and hype about the next US president whether he is pro-Bitcoin or anti-Bitcoin, in my opinion it doesn't matter at all. Bitcoin was fine before and will continue to be fine after the new US election.

It is very bad in my opinion to tie the fate or future of Bitcoin to a president or a presidential election, this contradicts the basic idea of ​​Bitcoin as Satoshi intended it which is decentralization and not tied to any entity or economy or country. So we should all stop this and focus on more important things.
legendary
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Free Free Palestine
September 16, 2024, 11:24:18 PM
#25
I don't see anyone saying that the future of bitcoin depends entirely on Trump or any president or that it will die if president is someone who doesn't like bitcoin. Bitcoin is here to stay and will continue to exist no matter who becomes president, and the issue that most people discuss in political, election related topics is the impact on bitcoin.

We should not deny that government policies and regulations will always have an impact on the entire cryptocurrency industry and bitcoin is no exception. The bull cycle will still happen, bitcoin will continue to conquer new ATH levels and this will depend on supply and demand. But supply and demand will depend on government policy, I don't think the demand for bitcoin will increase quickly and strongly if the government puts in place regulations that prevent people from accessing it.
I still remember many people complaining that bitcoin's popularity and adoption were too slow and the government was the main reason. It is clear that the government also plays a role in the future of bitcoin, why are we trying to deny this?
hero member
Activity: 952
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September 16, 2024, 09:52:36 PM
#24
I don't care who becomes president of the US and I'm not really interested in getting involved in the ever-surfacing issues about the future of Bitcoin that are always linked to the election, I think it's all full of drama that is very neatly set up to satisfy the desires of both candidates and their loyal supporters. Bitcoin has managed to survive various major shocks before, but until now it still exists and is getting more attention from various investors.
I don't want to think too far into this, Bitcoin never ends even after the US elections are held many times. My belief in Bitcoin is very clear, there is no doubt whatsoever to say "Bitcoin will continue to grow and its price will continue to increase in the future". That's why I never believed it would be the end of Bitcoin.

legendary
Activity: 2576
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September 16, 2024, 08:04:12 PM
#23
When Bitcoin recorded all time high prices in its history, were the US presidents pro-Bitcoin? When Bitcoin reached an ATH in 2013, in 2017, in 2021, and 2024, were the presidents during those times supportive of Bitcoin? The answer is a big no. So why should it be any different this time around?

Bitcoin was called a criminal's currency, a Ponzi, a scam, a rat's poison, and so on and so forth by powerful and influential people, but it continued to record all time highs. Even Trump himself called Bitcoin a scam. Bitcoin didn't care. Regulations were tightened over and again but Bitcoin continued to rise. Bitcoin doesn't care about presidents.
legendary
Activity: 2100
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HODL
September 16, 2024, 07:41:15 PM
#22
I think the end game will be the same but you need to understand that the day that Kamala harris wins the race, it will be a bearish time for crypto. For at least a few months. If Trump wins then it will be the complete opposite.

Yes the presidents in the past had little to do with bitcoins performance, however we need less regulation and not more. If we get more regulation then less people will want to get involved with crypto. Look at how difficult it is to make a exchange account due to all these regulations, people will just skip crypto all together unless the rules are relaxed and that will only happen under a Trump administration.

We should not assert anything until the election is over and we know who won. But I agree with you that we need less regulation or more open regulation instead of a bunch of strict rules and regulations.

It's true that bitcoin shouldn't have anything to do with politics but it's inevitable, even if we stop all discussions about it, everything will still go on as usual. Simply because it has become a part of the economy and sooner or later the government will intervene to manage it. So we can either ignore or support the candidate that is seen as less harmful to the future of bitcoin. 

It's funny how politics is so involved and affects every corner of the world, yet many people think that bitcoin is immune to it. Isn't bitcoin part of the world economy? If there are no more market participants, no more money flowing into the market, will the price of bitcoin increase?
hero member
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September 16, 2024, 07:15:50 PM
#21
If Trump was so important for Bitcoin, this digital currency would be already dead during his government, when President Trump said Bitcoin was bad because it was harmful to Dollar currency, and he was all in for Dollar. The fact is that Trump has only an impact over Bitcoin on short run, like any other international figures of the media who tries to connect their image to Bitcoin for personal gains.

We have already seen this with Elon Musk as well, when he adopted Bitcoin as payment method for Tesla, and after a while he removed this option claiming Bitcoin was harmful to the environment. Did Bitcoin die because of that? Of course not.

Bitcoin never needed any centralized parties or figures to thrive and it's better that it remains like this for a long time yet.
hero member
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September 16, 2024, 06:58:33 PM
#20
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.
That is called development, it changes over time the moment it flip the tides, often when people fully understand it. Regardless for politicians, i will call them "turncoat", just to get votes of the majority using it, they will do it for their own interest, unless you see a strong political will to them.
hero member
Activity: 2464
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September 16, 2024, 06:49:59 PM
#19
I couldn't agree more. It’s wild how some people still think a single political figure can dictate the future of Bitcoin. Bitcoin has already weathered some of the most challenging periods and proven its resilience. People forget that its strength lies in being decentralized, it doesn’t bend to the whims of any one government or individual.

As we've seen in the past, no matter the political landscape, Bitcoin has persisted and even thrived. What matters is the long-term vision and the continuous growth in adoption. November 5th and 2025 will come and go, and Bitcoin will still be here, moving forward, just as it always has.
full member
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September 16, 2024, 06:21:33 PM
#18
I will be disappointed to see another thread containing the US president, Bitcoin, and the Election because nothing will change now or later if any candidate is elected. The better we start focusing on our investments and other business because that puts food on the table and leaves the presidential candidate to do their political business.

If they get elected none of our Bitcoin value will increase not even the amount of Bitcoin in our portfolio. Their impact on Bitcoin does not have any impact on our Bitcoin. Not today, not even tomorrow.
full member
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September 16, 2024, 06:12:15 PM
#17
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.

There are other things to channel attentions to, rather than debating on the effect of the coming forth coming United State presidential election on Bitcoin. Truth is, Bitcoin will still survive no matter the outcome of the election.

Yesterday, someone created a thread on my local board. And the thread was about crypto adoption(in general) in different regions of the world. The research was conducted by chain analysis, and surprisingly, my country retain its position as number 2 in terms of crypto adoption in the world. A country that crypto usable has been banned by the government, still compete with others. It clearly proves that the government and Bitcoin are two different things that might not need each other, even if the government decides to turn against it.

Bitcoin adoption will continue to grow, no matter the result of the forth coming election, so we shouldn't be tied up with it.
sr. member
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September 16, 2024, 06:03:18 PM
#16
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.
legendary
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September 16, 2024, 05:54:27 PM
#15
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.
It is understandable that you are tired of it, but at the same time it was completely inevitable, this particular election is attracting the attention of people all over the world and even foreign governments are following the election too, since both candidates seem to have a completely opposite worldview about most topics, so it is reasonable to assume that even if bitcoin will continue to exist, the election of one or the other candidate could bring different results when it comes to the short term adoption and the price of bitcoin.
member
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September 16, 2024, 05:37:03 PM
#14
Politics remains politics. It's just the fact that we just experience the halving and bitcoin is still in its doubt level where we don't know exactly the way it's facing and unfortunately we have the election too coming up having this two events (bitcoin's bull run) and US presidential election has only spiked some kind of behaviour in the crypto space.

In the end politics has nothing to determine for bitcoin, bitcoin will keep playing its role in the space till God knows when hence even the soon to be elected president will evacuate the position yet bitcoin  remains.
legendary
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September 16, 2024, 05:28:42 PM
#13
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.
Many of us understand and believe you on this. The issue is not that people are scared that if a bitcoin unfriendly president emerges, that it will be the end of bitcoin. No!
People are just scared of the temporary price change that it will bring to the market. Whether we like it or not, the US election result will surely impact the market, so it is that short period of impact in the market that people are scared of.

Mostly, majority of the speculators believe that if a pro bitcoin candidates emerges, it will facilitate 2025 bull run, but if otherwise, we might return to the bear market from here.
hero member
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September 16, 2024, 05:23:19 PM
#12
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 why I am not even commenting for now with those election related threads that are connecting with Bitcoin prices. Because whoever wins there and whoever sits on the White House, Bitcoin doesn't care at all and it doesn't matter who wins it. The charts speak for itself, Bitcoin will get to the top no matter what happens. It's more concerning about the situation of the world like what the pandemic has came and the wars that has triggered than of the election but I know that these global economical issues and wars that are happening has something to do with the US election's.
jr. member
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September 16, 2024, 03:16:17 PM
#11
Quote
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 like how you omitted who is the supposed cruel presidential candidate.

Curious point by the way. Unfortunately, the sample size of all US presidents since the invention of bitcoin is too small (N = 3 or 4 if you count the second terms) to draw any meaningful conclusions. Nevertheless, with a high degree of certainty, I can predict that bitcoin will outlive the US... and its last president.
hero member
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September 16, 2024, 03:02:14 PM
#10
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.

Hmmm, this is quite interesting because I have never really seen the movement of Bitcoin from this angle but now that you pointed it out, I think November, December and January will certainly be a promising month regardless of who gets the seat of the president. Bitcoin has continued to show it's strength and prove to the many doubters that it has truly come to stay and am just suprised why other countries don't look at it the way the El Salvadoran president see Bitcoin.
legendary
Activity: 3808
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September 16, 2024, 02:49:43 PM
#9
I think the end game will be the same but you need to understand that the day that Kamala harris wins the race, it will be a bearish time for crypto. For at least a few months. If Trump wins then it will be the complete opposite.

Yes the presidents in the past had little to do with bitcoins performance, however we need less regulation and not more. If we get more regulation then less people will want to get involved with crypto. Look at how difficult it is to make a exchange account due to all these regulations, people will just skip crypto all together unless the rules are relaxed and that will only happen under a Trump administration.
full member
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Wheel of Whales 🐳
September 16, 2024, 02:22:36 PM
#8
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.
hero member
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Give all before death
September 16, 2024, 01:42:25 PM
#7
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.

Quote
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.
legendary
Activity: 2814
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September 16, 2024, 01:18:23 PM
#6
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.
legendary
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The Alliance Of Bitcointalk Translators - ENG>SPA
September 16, 2024, 01:16:53 PM
#5
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.
legendary
Activity: 2062
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Fill Your Barrel with Bitcoins!
September 16, 2024, 12:55:32 PM
#4
The end of Bitcoin will come when they shut down the internet.

And you can best believe they would love that.
jr. member
Activity: 137
Merit: 2
September 16, 2024, 12:46:21 PM
#3
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.
sr. member
Activity: 490
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Playbet.io - Crypto Casino and Sportsbook
September 16, 2024, 12:37:18 PM
#2
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.
hero member
Activity: 686
Merit: 403
WOLFBET.COM - Exclusive VIP Rewards
September 16, 2024, 07:05:24 AM
#1
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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