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Topic: Will bitcoin's price rise above $1000 because Trump was elected president? - page 3. (Read 3332 times)

legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
this is such a big speculation and a loose one at that if you ask me.

because it was just an election and that is not changing much about bitcoin as a currency that is being used all over the world not just by the Americans.
legendary
Activity: 2982
Merit: 1153

Honestly I don't find any relation of bitcoin price movement to Trump being US president.  If you are implying that this will happen because people of america will surely move their money out of America, I don't think this thing will happen either.  There is no indication that trump will support bitcoin, I have not heard it from him saying that he will. 
member
Activity: 71
Merit: 10
No it will not rise to the 1000 dollar just because of the fact Trump is become the president of the united states, that is just not possible in my eyes either.
legendary
Activity: 1288
Merit: 1000
Nothing will really change now when Trump become the president.
Cryptocurrency is the least of his worries. So if you expecting some kind of regulation or official statement you will be disappointed.
Latest minor Bitcoin's price spike was caused by slight panic on the stock exchanges due to Trump's victory but this is only temporary.
legendary
Activity: 1246
Merit: 1000
why would he embrace bitcoin?

america is gonna try at least to become insular and protectionist. that doesn't align with what bitcoin stands for.

A lot of people will realize the advantages of Bitcoin in that case.   Wink
If fiat currencies were perfect, Bitcoin wouldn't have been born.
member
Activity: 84
Merit: 10
why would he embrace bitcoin?

america is gonna try at least to become insular and protectionist. that doesn't align with what bitcoin stands for.

For one, he may do that just to show that he has a tech policy (he does not obviously). Clearly he does not give a damn about bitcoin as he's got other stuff on his plate right now.
member
Activity: 84
Merit: 10
why would he embrace bitcoin?

america is gonna try at least to become insular and protectionist. that doesn't align with what bitcoin stands for.

Implementing protectionist regulations basically means that the US is going to shut itself out from the Chinese exports, the thing that Trump had been constantly reiterating during his presidential campaign. If he lives up to his promises, that would mean that the Chinese government will have to find new markets for their manufactures by making their goods more competitive. Devaluing national currency is one of the ways of doing exactly that, and exactly that they have been doing for the last couple of years. But it will also lead to a greater demand for Bitcoin from the Chinese public with Bitcoin prices evidently going up.

Sounds like whatever he does to follow through on what he said during the campaign will be a boon for bitcoin. That is, if he does anything  Wink
hero member
Activity: 742
Merit: 526
this election may have a good ending and a lot of good and positive hype for bitcoin and its price but in the end the $1000 mark is a big target and it wouldn't be easy just to get there because of a simple election that may or may not be positive for bitcoin.

besides don't forget that many people think of $1000 as a point where they should dump!!!

I remember people saying that everyone was going to dump their coins right after the halving. But the price topped a few weeks before the halving. So I think that a lot of people will start selling bitcoins before the price even touches $1,000. But if the bullish sentiment is high the price may shoot right through that resistance level.
hero member
Activity: 1036
Merit: 514
Well, the election may has good impact to bitcoin if Trump really support bitcoin and regulation also rearrangement to help widely spread of bitcoin in entire states but it could takes a long time to do. We can't just hope that happen as we know bitcoin is decentralized and government can't do many things to interfere bitcoin price to rise $1000. Maybe what they have discussed about China capital could make it reach that price.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
Trupm is a businessman, he have people who work for him and they inform him about everything. If price rise now after his win, he definitely had fingers in that rise. He is a corporation, and in this case I'm a bit worried for bitcoin.Who will tell what this corporations plan to do with bitcoins, and how much involved are they for real. To me this open to many questions and I don't like to be without answers.
sr. member
Activity: 350
Merit: 250
this election may have a good ending and a lot of good and positive hype for bitcoin and its price but in the end the $1000 mark is a big target and it wouldn't be easy just to get there because of a simple election that may or may not be positive for bitcoin.

besides don't forget that many people think of $1000 as a point where they should dump!!!
Looks like everybody is waiting to dump the coin as soon as the value reaches $1000 but smart traders are already cashing in with every single rise and starts accumulating with every price dip,i had a expectation that the price would reach $800 after the elections but consolidated around $750
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
this election may have a good ending and a lot of good and positive hype for bitcoin and its price but in the end the $1000 mark is a big target and it wouldn't be easy just to get there because of a simple election that may or may not be positive for bitcoin.

besides don't forget that many people think of $1000 as a point where they should dump!!!
hero member
Activity: 742
Merit: 526
why would he embrace bitcoin?

america is gonna try at least to become insular and protectionist. that doesn't align with what bitcoin stands for.

Implementing protectionist regulations basically means that the US is going to shut itself out from the Chinese exports, the thing that Trump had been constantly reiterating during his presidential campaign. If he lives up to his promises, that would mean that the Chinese government will have to find new markets for their manufactures by making their goods more competitive. Devaluing national currency is one of the ways of doing exactly that, and exactly that they have been doing for the last couple of years. But it will also lead to a greater demand for Bitcoin from the Chinese public with Bitcoin prices evidently going up.
legendary
Activity: 1288
Merit: 1087
why would he embrace bitcoin?

america is gonna try at least to become insular and protectionist. that doesn't align with what bitcoin stands for.
legendary
Activity: 1526
Merit: 1012
With or Without Trump victory Bitcoin will hit $1000, though Trump victory could accelerate it, this all depends on him implementing those policies that could catalyse this rise

That is true bitcoin is more stronger and will remain like without any politics. That is why I'm also agreed this will cross $1000 very soon. Maybe before end of this year.
legendary
Activity: 1232
Merit: 1017
It is not directly dependant on the governement or the elections, however I think it has inlfuence on the bitcoin price and gold price. Both went up after seeing Donald Trump win the elections. I think we can reach 1000$ before the end of the year Smiley
legendary
Activity: 2912
Merit: 1068
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This has nothing to do with Bitcoin price. There will be effects on US dollar but not Bitcoin. And Trump himself will do nothing about the Bitcoin itself.
Since Bitcoin is decentralized and independent from governments politics just don't have that big impact on it. So, the current price has nothing to do with elections.
U2
hero member
Activity: 676
Merit: 503
I used to be indecisive, but now I'm not sure...
It seems like a lot of people are terrified that he's the president so yes I'd assume people will be looking to get their portfolio out of USD.
legendary
Activity: 1526
Merit: 1179
Just no. If the price happens to go to that level (at whatever time frame), then it will more or less be for the exact same reason as the price has always gone up.

It's a combination of hype, speculation, good sentiment, maybe some sort of actual demand, and the list goes on...

Either way, it's the Chinese pumper team that will be leading us to whatever price level they seem to be happy with.

It has always been like that. We can only follow their path, and feed ourself with the crumbs that they leave for us to pick up.
sr. member
Activity: 318
Merit: 251
I would say that there is no doubt about it.

It's only a matter of when... not if!
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