Why Trump presidency may turn out beneficial for Bitcoin long term - page 3.

X-ray

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Quote from: Sharma on November 12, 2016, 06:08:06 AM

Quote from: tee-rex on November 09, 2016, 06:05:47 AM

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

First all I have doubt if Trump can deliver on his promise as banning Chinese products will gave lots of economic effects.
Second bitcoin is independent of most economic moves and I don't think any such decision will have much influence on bitcoin price

i'm also doubtful whether trump will keep his promise when he's still campaigning himself and make a controversial statement,and now he's becoming USA's president. He will probably forgot what he had said before as easily as deleting his controversial argument from his website

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Quote from: Positid on November 09, 2016, 06:52:11 AM

It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.

a price rise specially when it is small like smaller than $50 is not called rally!
so the rise after the election results was only a simple rise which was most probably because of the hype that we have been seeing around bitcoin social media about Trump and the bitcoin price and as you can see the rise has stopped and price is back where it was before.

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Quote from: Sharma on November 12, 2016, 06:08:06 AM

Quote from: tee-rex on November 09, 2016, 06:05:47 AM

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

First all I have doubt if Trump can deliver on his promise as banning Chinese products will gave lots of economic effects.
Second bitcoin is independent of most economic moves and I don't think any such decision will have much influence on bitcoin price

He is not going to ban the Chinese products directly. In fact, the goods that get exported to the US are actually produced by the American companies such as Apple, Cisco, Qualcomm, etc using cheap labor resources of China, and Trump said that he would impose high protective tariffs so that these companies were more inclined to create jobs in the US itself instead of China.

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Quote from: Sharma on November 12, 2016, 06:08:06 AM

Quote from: tee-rex on November 09, 2016, 06:05:47 AM

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

First all I have doubt if Trump can deliver on his promise as banning Chinese products will gave lots of economic effects.
Second bitcoin is independent of most economic moves and I don't think any such decision will have much influence on bitcoin price

Banning chinese people has will effect to a bad economy, china are progressive now and they are going to compete with the US. I guess even the bag holders in bitcoin are mostly chinese and that is because my analysis is they are also having a big mining business.

Sharma

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Quote from: tee-rex on November 09, 2016, 06:05:47 AM

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

First all I have doubt if Trump can deliver on his promise as banning Chinese products will gave lots of economic effects.
Second bitcoin is independent of most economic moves and I don't think any such decision will have much influence on bitcoin price

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Quote from: freedomgo on November 12, 2016, 03:30:27 AM

Quote from: tee-rex on November 12, 2016, 03:13:54 AM

Quote from: GregH37 on November 11, 2016, 07:01:36 AM

Quote from: tee-rex on November 09, 2016, 06:05:47 AM

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

Miners can be affected if Trump's plans succeed in decreasing China's economy but still Bitcoins depend on US dollars rather than any other currency and currently, I can see the bitcoin price only increasing.
Yuan is again dependent on US currency and their economy is anyways slow. Don't think Trump can succeed in harming its economy.

I tend to disagree that Bitcoin is somehow dependent on US dollars. You just happen to see it denominated in dollars, and that's why you come to think it depends on it. Regarding the Yuan depending on the US currency, this is simply meaningless. Chinese economy greatly depends on the American markets because of the Chinese exports to the US, but it cuts both ways, anyway. I could just as well claim that the US dollar depends on the Chinese Yuan.

Dependent on fiat but not for a specific currency. USA may be a big country but we are using here a universal currency which would mean that all adopters from different countries support and use bitcoin, so that statement would prove that it's not only US alone.

I agree. Btc is not dependent on the dollar alone but on fiat. For now. Although we base exchange rates on the dollar, that doesn' t mean that crypto relies on a specific currency.

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Quote from: tee-rex on November 12, 2016, 03:13:54 AM

Quote from: GregH37 on November 11, 2016, 07:01:36 AM

Quote from: tee-rex on November 09, 2016, 06:05:47 AM

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

Miners can be affected if Trump's plans succeed in decreasing China's economy but still Bitcoins depend on US dollars rather than any other currency and currently, I can see the bitcoin price only increasing.
Yuan is again dependent on US currency and their economy is anyways slow. Don't think Trump can succeed in harming its economy.

I tend to disagree that Bitcoin is somehow dependent on US dollars. You just happen to see it denominated in dollars, and that's why you come to think it depends on it. Regarding the Yuan depending on the US currency, this is simply meaningless. Chinese economy greatly depends on the American markets because of the Chinese exports to the US, but it cuts both ways, anyway. I could just as well claim that the US dollar depends on the Chinese Yuan.

Dependent on fiat but not for a specific currency. USA may be a big country but we are using here a universal currency which would mean that all adopters from different countries support and use bitcoin, so that statement would prove that it's not only US alone.

tee-rex

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Quote from: GregH37 on November 11, 2016, 07:01:36 AM

Quote from: tee-rex on November 09, 2016, 06:05:47 AM

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

Miners can be affected if Trump's plans succeed in decreasing China's economy but still Bitcoins depend on US dollars rather than any other currency and currently, I can see the bitcoin price only increasing.
Yuan is again dependent on US currency and their economy is anyways slow. Don't think Trump can succeed in harming its economy.

I tend to disagree that Bitcoin is somehow dependent on US dollars. You just happen to see it denominated in dollars, and that's why you come to think it depends on it. Regarding the Yuan depending on the US currency, this is simply meaningless. Chinese economy greatly depends on the American markets because of the Chinese exports to the US, but it cuts both ways, anyway. I could just as well claim that the US dollar depends on the Chinese Yuan.

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The problem with China is the wages, they pay a low salary and this reflect in the world economy.

I don't think it will reflect in some way in bitcoin, USA isn't a power when you talk about bitcoin.

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If he fucks up his job then obviously there will be a weak dollar and therefore bitcoin price will increase accordingly... That is one way of looking at it.

Quote from: South Park on November 11, 2016, 03:56:22 PM

Quote from: TriggerX on November 10, 2016, 04:54:20 PM

Quote from: South Park on November 10, 2016, 04:38:48 PM

Quote from: rizkyhiw on November 09, 2016, 08:09:59 PM

Quote from: Shady on November 09, 2016, 05:33:06 PM

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

This was similar to another thread, where they asked if your country banned bitcoin, would you still use it? Also, the idea of a TrumpCoin is very viable and I actually predict it will start being a thing in a couple weeks or so.

A TrumpCoin? LOL, that will be hilarious but I don't think is such a good idea to name a coin like that maybe the developers could get in trouble by copyright issues and that is without taking into account that trump will be next US president.

There are already a Trumpcoin and a President Trump coin. Both of which is unofficial, but still benefited greatly from Trump getting elected.

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Quote from: South Park on November 11, 2016, 03:56:22 PM

A TrumpCoin? LOL, that will be hilarious but I don't think is such a good idea to name a coin like that maybe the developers could get in trouble by copyright issues and that is without taking into account that trump will be next US president.

Hey, there already is one on here. If Kanye West gets a crypto shut down then most certainly Donald will as well.

As for his campaign pledges re China, like everything that comes out of mouths during campaigns, I'll believe it when I see it. Foreign trade these days is unfathomably interconnected and untangling it will be a monster of a task.

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Quote from: TriggerX on November 10, 2016, 04:54:20 PM

Quote from: South Park on November 10, 2016, 04:38:48 PM

Quote from: rizkyhiw on November 09, 2016, 08:09:59 PM

Quote from: Shady on November 09, 2016, 05:33:06 PM

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

This was similar to another thread, where they asked if your country banned bitcoin, would you still use it? Also, the idea of a TrumpCoin is very viable and I actually predict it will start being a thing in a couple weeks or so.

A TrumpCoin? LOL, that will be hilarious but I don't think is such a good idea to name a coin like that maybe the developers could get in trouble by copyright issues and that is without taking into account that trump will be next US president.

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Quote from: tee-rex on November 09, 2016, 06:05:47 AM

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

Miners can be affected if Trump's plans succeed in decreasing China's economy but still Bitcoins depend on US dollars rather than any other currency and currently, I can see the bitcoin price only increasing.
Yuan is again dependent on US currency and their economy is anyways slow. Don't think Trump can succeed in harming its economy.

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Quote from: erikalui on November 11, 2016, 06:31:47 AM

I don't feel China would be affected largely as besides US, China's economy can be controlled by other international markets too but US does play an important role. I don't trust how will Trump manage to fulfill all his promises as mostly seem uncertain and difficult to achieve. When his win was announced, bitcoin prices rose due to USD and if China's currency is affected, it will affect bitcoins very badly.

I hope not dude, what is the basis of your statement that you say bitcoin will be affected badly. I think the recent news made the price of bitcoin increase so if we are talking here on how Trump will affect bitcoin, I believe it would be in a positive way.

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I don't feel China would be affected largely as besides US, China's economy can be controlled by other international markets too but US does play an important role. I don't trust how will Trump manage to fulfill all his promises as mostly seem uncertain and difficult to achieve. When his win was announced, bitcoin prices rose due to USD and if China's currency is affected, it will affect bitcoins very badly.

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If Trump declares war on China and rattle the big Dragons' feathers then it won't take the Chinese long to dump as many dollars as they see fit and bury their riches in Bitcoin. Already we are seeing more and more Chinese love our good old Bitcoin so yeah as Trump comes into power, I SEE A SURGE IN THE BITCOIN VALUE COMING.

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Quote from: TriggerX on November 10, 2016, 04:54:20 PM

Quote from: South Park on November 10, 2016, 04:38:48 PM

Quote from: rizkyhiw on November 09, 2016, 08:09:59 PM

Quote from: Shady on November 09, 2016, 05:33:06 PM

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

This was similar to another thread, where they asked if your country banned bitcoin, would you still use it? Also, the idea of a TrumpCoin is very viable and I actually predict it will start being a thing in a couple weeks or so.

Without Trump himself endorsing this coin, it would be no more than a joke. But why would he ever want to approve such a coin if the odds are that it will fail rather sooner than later? On the other hand, HillaryCoin could possibly get some traction before dying, and no one would be particularly upset when it finally kicks the bucket. Though this baby will likely be stillborn.

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Quote from: xIIImaL on November 10, 2016, 02:14:41 PM

Quote from: Daisy14 on November 10, 2016, 12:16:11 PM

Trump is definitely aware of bitcoin, he received some campaign donations in bitcoins.

There is even an altcoin named Trumpcoin - don't know if he is actually affiliated to the coin. Undecided

lol this is funny, how you expect bitcoin and digital revolutions accepts by trump. If bitcoin araises world level dollar will become nil. bitcoin would accepts by chinese or russian only by first.

I do agree with this,the existence of dollars could be threatened by the acceptance of bitcoin in USA and the government will try to prevent it by giving only a little chance for cryptocoins such as btc to be used in USA,and as you know media are spreading bad news about bitcoin from long time ago like it prove that bitcoin actually don' accepted blatantly

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There is not and will be not yuan devaluation,markets speculate will Trump stop planned rate rise,
But if Trump want open trade war with China than USA and dollar will be in trouble,it can spike btc price,but USA president is no god or dictator and not decide alone

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Quote from: South Park on November 10, 2016, 04:38:48 PM

Quote from: rizkyhiw on November 09, 2016, 08:09:59 PM

Quote from: Shady on November 09, 2016, 05:33:06 PM

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

yeah as united states is like king of the countries and trump now is the leader
he can ask whatever he want as long as it's reasonable
in bitcoin case they may have a reason to close an illegal transaction involving bitcoin
but even in the worst case trump do all this stuff to ban bitcoin i believe people will keep using it.

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