Why Trump presidency may turn out beneficial for Bitcoin long term - page 5.

EdenHazard

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Quote from: Kevin77 on November 09, 2016, 12:26:24 PM

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

Quote from: Positid on November 09, 2016, 07:52:11 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.

a businessman turn to a president of biggest country and strongest economy in the world , of course there is must a connection and effect to bitcoin and other cryptocurrency as this is part of economic and business.

maybe not direct effect or direct policy from this new american president for bitcoin , as we may know china always related to bitcoin development and every single trump policy to china cooperation i am sure it will take effect to bitcoin.

South Park

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Quote from: tee-rex on November 09, 2016, 07:05:47 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?

Politicians around the world are known mostly for one thing, to not deliver on their campaign promises, that is a common theme and I don't think Trump is going to be an exception that does not mean that some actions are not going to be taken but to think he will close the US markets to Chinese goods is too much.

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The stock markets have recovered from the first shock, but now it is important which economic policy Trump really wants. If he does what he has announced, then this could lead to a recession in America and the world. He also wants to reduce the debt through reflation, which means a depreciation of the currency. This could be a breakthrough of Bitcoin and cryptocoins.

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Quote from: Kevin77 on November 09, 2016, 12:26:24 PM

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

Quote from: Positid on November 09, 2016, 07:52:11 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.

Kevin77

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

Quote from: Positid on November 09, 2016, 07:52:11 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.

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Quote from: Positid on November 09, 2016, 07:52:11 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.

Good observation here.They might buying bitcoin for the coming uncertainties in Trump administration or they are buying bitcoin for they have trust Mr Trump

But for me, whoever the American President,bitcoin may continue to grow, that is for sure.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Quote from: Positid on November 09, 2016, 07:52:11 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.

Positid

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BULL RUN until 2030

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.

tee-rex

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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?

Topic: Why Trump presidency may turn out beneficial for Bitcoin long term - page 5. (Read 3067 times)