Why Trump presidency may turn out beneficial for Bitcoin long term - page 4.

TriggerX

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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.

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.

South Park

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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.

xIIImaL

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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.

tee-rex

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Quote from: DimensionZ on November 10, 2016, 01:36:58 PM

I have read that the Chinese Yuan is backed up by the gold reserves in their treasuries while the US Treasury doesn't have enough gold to back up the US dollar and they are printing bills out of thin air. The Chinese have been gathering insane amounts of cash and I think they have more financial resources not than the western world. I don't think the Yuan is in danger of devaluation

Well, it is not really a question of whether the Chinese Yuan is in danger of devaluation. This is exactly what the Chinese government has already been doing recently, at least for a couple of years. The economy of China has been slowing last few years, and devaluing the currency is what they have been trying to do in order to spur on production and exports.

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I have read that the Chinese Yuan is backed up by the gold reserves in their treasuries while the US Treasury doesn't have enough gold to back up the US dollar and they are printing bills out of thin air. The Chinese have been gathering insane amounts of cash and I think they have more financial resources now than the western world. I don't think the Yuan is in danger of devaluation, on the contrary it will be more stable than the Euro or the Dollar. Perhaps if Trump closes the borders for Chinese wares China will lose some cash reserves but I don't know how big of a market the USA really is for China.

tee-rex

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Quote from: Sanekavg13 on November 10, 2016, 12:37:25 PM

Quote from: icecube45 on November 10, 2016, 02:09:02 AM

A research conducted by the firm Juniper said that the price of bitcoin will increase rapidly this year when Donald Trump was elected president of the United States. Valuation value of bitcoin will increase three-fold from $ 27 billion to $ 92 billion.

The research says that if Trump became US president, this will lead to instability of world markets. The instability of the world market would cause prices to rise bitcoin.

I trust this forecast. Here, everything is logical. And consider only the collapse of the yuan as a reason for the growth of Bitcoin is not quite true. You need to look wider.

It is just one of the reasons, the point which I specifically made clear in the OP. Did you read it? Another major reason is the last Bitcoin halving, which has only started to take effect in earnest. If Bitcoin will be considered as a safe haven along with, for example, gold, which seems to be the case, any major currency weakness or market instability will lead to Bitcoin price surge. Though I don't think that the Trump presidency will be a primary cause for this, despite all his pre-election anti-establishment rhetoric.

Sanekavg13

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Quote from: icecube45 on November 10, 2016, 02:09:02 AM

A research conducted by the firm Juniper said that the price of bitcoin will increase rapidly this year when Donald Trump was elected president of the United States. Valuation value of bitcoin will increase three-fold from $ 27 billion to $ 92 billion.

The research says that if Trump became US president, this will lead to instability of world markets. The instability of the world market would cause prices to rise bitcoin.

I trust this forecast. Here, everything is logical. And consider only the collapse of the yuan as a reason for the growth of Bitcoin is not quite true. You need to look wider.

Daisy14

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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

gabmen

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Quote from: Zadicar on November 10, 2016, 02:16:40 AM

Quote from: arseaboy on November 10, 2016, 01:49:20 AM

Quote from: ~Bitcoin~ on November 09, 2016, 11:16:49 PM

Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.

However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.

Can't wait to see what will be his actions in his first 100 days as a president but I hope that it will be the best for their country. His promises will be the center of attraction especially for the media to see if he can make it happen somehow and it's going to be tough job for Trump.. for the meantime let's enjoy the value of bitcoin price which I believe will be good until the future.

Im waiting the same thing too on what would be the steps he will make on next 100 days same as you mentioned . What would be the effects on bitcoins price. I believe that trump is a businessman and for sure he would look up into bitcoin but its not sure for now.

yeah you're right. trump definitely would notice bitcoin, if he's not aware of it already, as he is one that knows businesses and bitcoin definitely has the potential to have major effects in businesses in the future. we now would just have to wait on how trump will deal with this. hoping for the best here :p

tee-rex

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Quote from: davis196 on November 10, 2016, 01:58:33 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?

If Trump closes the US markets for Chinese goods the prices in USA will increase in the short term.

Chinese goods are cheaper than American goods and the supply will decrease.

This will hit the China economy and maybe will hit bitcoin mining in China.

Could you expand more on this? There is no doubt that China will be heavily hit by the US trade embargo, though we have yet to see how severe it will be and whether it will be imposed at all. Miners are basically depending on cheap electricity, and if aggregate production in China declines due to diminishing trade turnover between the US and China. The Chinese miners in fact may get an advantage since the electricity prices might go down thanks to less consumption of electricity be manufacturers and higher competition between energy suppliers.

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Quote from: arseaboy on November 10, 2016, 01:49:20 AM

Quote from: ~Bitcoin~ on November 09, 2016, 11:16:49 PM

Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.

However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.

Can't wait to see what will be his actions in his first 100 days as a president but I hope that it will be the best for their country. His promises will be the center of attraction especially for the media to see if he can make it happen somehow and it's going to be tough job for Trump.. for the meantime let's enjoy the value of bitcoin price which I believe will be good until the future.

Im waiting the same thing too on what would be the steps he will make on next 100 days same as you mentioned . What would be the effects on bitcoins price. I believe that trump is a businessman and for sure he would look up into bitcoin but its not sure for now.

icecube45

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A research conducted by the firm Juniper said that the price of bitcoin will increase rapidly this year when Donald Trump was elected president of the United States. Valuation value of bitcoin will increase three-fold from $ 27 billion to $ 92 billion.

The research says that if Trump became US president, this will lead to instability of world markets. The instability of the world market would cause prices to rise bitcoin.

davis196

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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?

If Trump closes the US markets for Chinese goods the prices in USA will increase in the short term.

Chinese goods are cheaper than American goods and the supply will decrease.

This will hit the China economy and maybe will hit bitcoin mining in China.

arseaboy

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Quote from: ~Bitcoin~ on November 09, 2016, 11:16:49 PM

Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.

However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.

Can't wait to see what will be his actions in his first 100 days as a president but I hope that it will be the best for their country. His promises will be the center of attraction especially for the media to see if he can make it happen somehow and it's going to be tough job for Trump.. for the meantime let's enjoy the value of bitcoin price which I believe will be good until the future.

~Bitcoin~

legendary

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Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.

However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.

hanzac

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I think the main reason is that Trump is a business and practical man. He seems to change the rules of current economy world, drive the economy live again, if economy becomes normal, bitcoin and the altcoins can be more popular.
Remember, the world is going to be decentralized and we don't like to be controlled by a small group of so-called elites.

rizkyhiw

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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 .

Milkduds

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China is facing restrictions all over the world against their citizens in how they are stashing money outside the country.
Really not that sure how easy it is for people to get at bitcoin that are more rural but I plead ignorance as to how much they can afford to put in as well. So I am not to sure but China and Russia are always a hard egg to crack for me when it comes to anything.

cpfreeplz

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Quote from: pereira4 on November 09, 2016, 11:42:44 AM

Quote from: Kevin77 on November 09, 2016, 11:26:24 AM

Quote from: bitbunnny on November 09, 2016, 07:02:08 AM

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.

I don't think this is connected to Trump beeing elected for president. Price already was on the way up so this would probably happen anyway. Because I realy can't see how this two things are connected.
As far as campaign promises are in question, I think things would change and he will not do what he was saying. Campaign and real life are two opposite things.

There must be some connections as Trump is known for different economic policies which may support alternate investments to flourish. Usually markets reacts to political changes, I believe today bitcoins prices up surged with a similar reason.

It obvious that the rise of Bitcoin that we have seen lately is due the fact that Donald Trump was finally elected as US president, as we saw exactly at the same time all the markets going down.

This is GREAT news for Bitcoin, since it is now consolidated as a robust safe haven against political uncertainty, and Trump will be 4 years of political uncertainty since he isn't part of the establishment.

That's exactly it. It's the four years of 'holy crap what are we going to do now. Tuck your head between your legs and kiss your ass goodbye' coming up. I could see a more steady longterm rise coming from Trump being voted in or a spike everytime he does something to 'shake it up'.

Shady

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Life is a game, you either play it or get played.

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.

Topic: Why Trump presidency may turn out beneficial for Bitcoin long term - page 4. (Read 3103 times)