Will bitcoin's price rise above $1000 because Trump was elected president?

Carlsen

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Quote from: tee-rex on December 09, 2016, 02:53:14 AM

Quote from: btcdiggingmaster on December 09, 2016, 12:48:14 AM

Bitcoin is not completely belong to US, there are some people are buying and selling the bitcoin, US Government is not controlling the bitcoin may if supports means definitely there is an increase in price, but bitcoin is tradable coin so it completely depend on people all parts of world who are using it. But coming to my speculation if trump really supports bitcoin, it is going to be a big bump for bitcoin community.

I don't think he is ever going to support Bitcoin because that would basically mean that he refuses to support the official currency of the US, the dollar. In my view, many Americans might think of this as some kind of high treason. So it is hardly possible that Trump would show his open support for Bitcoin even if he was in fact quite friendly toward this coin. Though I'm not sure if he ever heard about Bitcoin.

Trump has this America first motto.
Most of the mining farms are not in America, but in China.
For the moment bitcoin is too small for him to think about it. He has bigger fishes to fry. That's why I don't think his election will have any impact on bitcoin the next two years.
But if bitcoin would really start an enormous rise during his presidency, he would take counter measures.
Maybe regulate the american bitcoin market, maybe built subsidized mining farms in America, maybe declare bitcoin to be illegal. Who knows...

tee-rex

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Quote from: btcdiggingmaster on December 09, 2016, 12:48:14 AM

Bitcoin is not completely belong to US, there are some people are buying and selling the bitcoin, US Government is not controlling the bitcoin may if supports means definitely there is an increase in price, but bitcoin is tradable coin so it completely depend on people all parts of world who are using it. But coming to my speculation if trump really supports bitcoin, it is going to be a big bump for bitcoin community.

I don't think he is ever going to support Bitcoin because that would basically mean that he refuses to support the official currency of the US, the dollar. In my view, many Americans might think of this as some kind of high treason. So it is hardly possible that Trump would show his open support for Bitcoin even if he was in fact quite friendly toward this coin. Though I'm not sure if he ever heard about Bitcoin.

btcdiggingmaster

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Bitcoin is not completely belong to US, there are some people are buying and selling the bitcoin, US Government is not controlling the bitcoin may if supports means definitely there is an increase in price, but bitcoin is tradable coin so it completely depend on people all parts of world who are using it. But coming to my speculation if trump really supports bitcoin, it is going to be a big bump for bitcoin community.

Sundark

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Quote from: xIIImaL on December 08, 2016, 11:12:42 PM

I do not know, what people can expect from trump about bitcoin. Personally i will not think and expect he can anything to btc. If price increases its all because of adoption, demand and supply.

We have sudden market shifts because of political events and decisions - for example Brexit earlier this year.
Trump election is one of this events - it seems totally indirect way to influence Bitcoin but the waves are here.

xIIImaL

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Quote from: Tanic on December 08, 2016, 04:47:22 PM

Quote from: Vaskiy on December 03, 2016, 10:45:43 AM

Quote from: tee-rex on December 03, 2016, 10:26:35 AM

Quote from: senyorito123 on December 03, 2016, 06:10:16 AM

Quote from: iqlimasyadiqa on December 03, 2016, 05:58:55 AM

Quote from: Kidmat on December 03, 2016, 04:18:55 AM

Quote from: Omega Weapon on November 15, 2016, 09:08:59 PM

There is a big problem with the OP picture, bitcoin has always been great, so theres not need to make bitcoin great again at all that is why bitcoin will keep growing and to become even stronger.

The Trump's presendicy will crash the US dollar. So the bitcoin price in terms of the US dollar will rise a lot.

so true . impact trump became the current president is an increase in the price of bitcoin. perhaps this is a positive value, many who once thought that trump will create chaos in the world financial system.

And how come trump can contribute the price growth of bitcoins? Do you have any articles where saying that trump has adopted bitcoin in his country? Well if yes can you share it here so i can read it, but totally i dont believe that he can give huge contribution to this not unless if he file a law that legalized the bitcoins to be used as currency in the US, But for now truly believe that its all a fud and i can't see realistic thoughs on that.

Trump hasn't yet become a President of the US, he is still only a President-elect, so we should have patience for the next two weeks, in the very least. That said, he may not have to contribute to Bitcoin in a direct way to make its price rise or fall. His economic and foreign policies will affect Bitcoin in higher degree than his open support or aversion toward Bitcoin.

Trump being the president of US doesn't make big impact. In my view each and every country have dependence. So his thoughts upon foreign policies won't be working as planned, somehow loop holes will be created. Price variation happens during the starting days of his governing, which will soon stabilize within weeks.

Well, bitcoin is constantly growing this days. maybe that is cause of Trump or maybe just the demand to bitcoin grown. Only experts can say you directly the reasons.

I do not know, what people can expect from trump about bitcoin. Personally i will not think and expect he can anything to btc. If price increases its all because of adoption, demand and supply.

Tanic

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Quote from: Vaskiy on December 03, 2016, 10:45:43 AM

Quote from: tee-rex on December 03, 2016, 10:26:35 AM

Quote from: senyorito123 on December 03, 2016, 06:10:16 AM

Quote from: iqlimasyadiqa on December 03, 2016, 05:58:55 AM

Quote from: Kidmat on December 03, 2016, 04:18:55 AM

Quote from: Omega Weapon on November 15, 2016, 09:08:59 PM

There is a big problem with the OP picture, bitcoin has always been great, so theres not need to make bitcoin great again at all that is why bitcoin will keep growing and to become even stronger.

The Trump's presendicy will crash the US dollar. So the bitcoin price in terms of the US dollar will rise a lot.

so true . impact trump became the current president is an increase in the price of bitcoin. perhaps this is a positive value, many who once thought that trump will create chaos in the world financial system.

And how come trump can contribute the price growth of bitcoins? Do you have any articles where saying that trump has adopted bitcoin in his country? Well if yes can you share it here so i can read it, but totally i dont believe that he can give huge contribution to this not unless if he file a law that legalized the bitcoins to be used as currency in the US, But for now truly believe that its all a fud and i can't see realistic thoughs on that.

Trump hasn't yet become a President of the US, he is still only a President-elect, so we should have patience for the next two weeks, in the very least. That said, he may not have to contribute to Bitcoin in a direct way to make its price rise or fall. His economic and foreign policies will affect Bitcoin in higher degree than his open support or aversion toward Bitcoin.

Trump being the president of US doesn't make big impact. In my view each and every country have dependence. So his thoughts upon foreign policies won't be working as planned, somehow loop holes will be created. Price variation happens during the starting days of his governing, which will soon stabilize within weeks.

Well, bitcoin is constantly growing this days. maybe that is cause of Trump or maybe just the demand to bitcoin grown. Only experts can say you directly the reasons.

Vaskiy

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Quote from: tee-rex on December 03, 2016, 10:26:35 AM

Quote from: senyorito123 on December 03, 2016, 06:10:16 AM

Quote from: iqlimasyadiqa on December 03, 2016, 05:58:55 AM

Quote from: Kidmat on December 03, 2016, 04:18:55 AM

Quote from: Omega Weapon on November 15, 2016, 09:08:59 PM

There is a big problem with the OP picture, bitcoin has always been great, so theres not need to make bitcoin great again at all that is why bitcoin will keep growing and to become even stronger.

The Trump's presendicy will crash the US dollar. So the bitcoin price in terms of the US dollar will rise a lot.

so true . impact trump became the current president is an increase in the price of bitcoin. perhaps this is a positive value, many who once thought that trump will create chaos in the world financial system.

And how come trump can contribute the price growth of bitcoins? Do you have any articles where saying that trump has adopted bitcoin in his country? Well if yes can you share it here so i can read it, but totally i dont believe that he can give huge contribution to this not unless if he file a law that legalized the bitcoins to be used as currency in the US, But for now truly believe that its all a fud and i can't see realistic thoughs on that.

Trump hasn't yet become a President of the US, he is still only a President-elect, so we should have patience for the next two weeks, in the very least. That said, he may not have to contribute to Bitcoin in a direct way to make its price rise or fall. His economic and foreign policies will affect Bitcoin in higher degree than his open support or aversion toward Bitcoin.

Trump being the president of US doesn't make big impact. In my view each and every country have dependence. So his thoughts upon foreign policies won't be working as planned, somehow loop holes will be created. Price variation happens during the starting days of his governing, which will soon stabilize within weeks.

tee-rex

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Quote from: senyorito123 on December 03, 2016, 06:10:16 AM

Quote from: iqlimasyadiqa on December 03, 2016, 05:58:55 AM

Quote from: Kidmat on December 03, 2016, 04:18:55 AM

Quote from: Omega Weapon on November 15, 2016, 09:08:59 PM

There is a big problem with the OP picture, bitcoin has always been great, so theres not need to make bitcoin great again at all that is why bitcoin will keep growing and to become even stronger.

The Trump's presendicy will crash the US dollar. So the bitcoin price in terms of the US dollar will rise a lot.

so true . impact trump became the current president is an increase in the price of bitcoin. perhaps this is a positive value, many who once thought that trump will create chaos in the world financial system.

And how come trump can contribute the price growth of bitcoins? Do you have any articles where saying that trump has adopted bitcoin in his country? Well if yes can you share it here so i can read it, but totally i dont believe that he can give huge contribution to this not unless if he file a law that legalized the bitcoins to be used as currency in the US, But for now truly believe that its all a fud and i can't see realistic thoughs on that.

Trump hasn't yet become a President of the US, he is still only a President-elect, so we should have patience for the next two weeks, in the very least. That said, he may not have to contribute to Bitcoin in a direct way to make its price rise or fall. His economic and foreign policies will affect Bitcoin in higher degree than his open support or aversion toward Bitcoin.

senyorito123

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Quote from: iqlimasyadiqa on December 03, 2016, 05:58:55 AM

Quote from: Kidmat on December 03, 2016, 04:18:55 AM

Quote from: Omega Weapon on November 15, 2016, 09:08:59 PM

There is a big problem with the OP picture, bitcoin has always been great, so theres not need to make bitcoin great again at all that is why bitcoin will keep growing and to become even stronger.

The Trump's presendicy will crash the US dollar. So the bitcoin price in terms of the US dollar will rise a lot.

so true . impact trump became the current president is an increase in the price of bitcoin. perhaps this is a positive value, many who once thought that trump will create chaos in the world financial system.

And how come trump can contribute the price growth of bitcoins? Do you have any articles where saying that trump has adopted bitcoin in his country? Well if yes can you share it here so i can read it, but totally i dont believe that he can give huge contribution to this not unless if he file a law that legalized the bitcoins to be used as currency in the US, But for now truly believe that its all a fud and i can't see realistic thoughs on that.

iqlimasyadiqa

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Quote from: Kidmat on December 03, 2016, 04:18:55 AM

Quote from: Omega Weapon on November 15, 2016, 09:08:59 PM

There is a big problem with the OP picture, bitcoin has always been great, so theres not need to make bitcoin great again at all that is why bitcoin will keep growing and to become even stronger.

The Trump's presendicy will crash the US dollar. So the bitcoin price in terms of the US dollar will rise a lot.

so true . impact trump became the current president is an increase in the price of bitcoin. perhaps this is a positive value, many who once thought that trump will create chaos in the world financial system.

Kidmat

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Quote from: Omega Weapon on November 15, 2016, 09:08:59 PM

There is a big problem with the OP picture, bitcoin has always been great, so theres not need to make bitcoin great again at all that is why bitcoin will keep growing and to become even stronger.

The Trump's presendicy will crash the US dollar. So the bitcoin price in terms of the US dollar will rise a lot.

Omega Weapon

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There is a big problem with the OP picture, bitcoin has always been great, so theres not need to make bitcoin great again at all that is why bitcoin will keep growing and to become even stronger.

Nahl

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i don't think the price will reach to $1000 after he got elected and as many people know that his current policy only how to make America great again and before Trump elected he has promise to many entrepreneurs at there that he would be the saviour for them because the negative impact from free trade is there are many factories went bankrupt in US so in my opinion for the time being he won't focus for cryptocurrency because his main priority is only for America now and how to solved many problem at there

Catmony

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Trump can't be only reason for bitcoin price pump in future. He haven't made any decision regarding bitcoin till now in public, he may think about utilizing blockchain tech rather than supporting bitcoin.

KennyR

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Trump had made numerous teams to make US better than ever. After he gets sworn as the president by the upcoming year start lot changes can be felt over the entire world because US has connection with every country directly or indirectly. Price recently decreased and now once again small variations were taking place.

Ocytrem

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No this will not happen because of the fact that Trump is becoming the president of the united states, I do not believe in that at all to be honest!!

Fortify

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I think bitcoin has already shot up in price over the last year - so you've got to be happy with the price increase already. Trump said alot of divisive things to get elected and he has already gone back on some of the policies that he ran his campaign on. He may have had the loudest voice, but I don't think he's going to change very much at all.

tee-rex

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Quote from: wheelz1200 on November 12, 2016, 08:20:33 PM

I dont think it will affect it either way. Mass adoption will be the main driver, things like elctions that cause a price rise is not sustainable. If you are talking pumps/dumps, etc maybe but im more concerned with long term growth which doesnt have anything to do with mass adoption/growth. My 2 satoshis

Elections themselves as well as their immediate outcome may have little-to-no effect on Bitcoin price, but the economic policies of a new government will obviously have a grave impact on the economy for the simple reason that such policies specifically aim to change the economic environment in the country. And this may already directly hit Bitcoin adoption by the masses.

wheelz1200

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I dont think it will affect it either way. Mass adoption will be the main driver, things like elctions that cause a price rise is not sustainable. If you are talking pumps/dumps, etc maybe but im more concerned with long term growth which doesnt have anything to do with mass adoption/growth. My 2 satoshis

ivanst776

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Since the Trump has become president of U.S the dollar value has been dropped a little bit and I think that traders are afraid that the dollar value/stock will drop more.

I hope that with Trump as president the crypto world will be more expandable and people will know what bitcoin is when they see the bitcoin logo.

About the price, we should hope that it will grow gradually and not pumping like the list time at 1.2k and then dump immediately.

Topic: Will bitcoin's price rise above $1000 because Trump was elected president? (Read 3332 times)