Bitcoin Forum

So, there is obviously going to be some sort of movements on the markets when we get closer to/post election time; and when there is economic uncertainty in the markets, there is always bound to be some volatile movements in the cryptocurrency/precious metal markets.

So, what are you doing to get ready for the election to hedge your value away from the dollar as we get close to the shit storm that is Hillary vs. Trump? 

I'm especially curious to what people are doing who live outside of the US to get ready for the economic uncertainty.

Purchasing some more bitcoin, and perhaps some gold after it drops some more.
The stock market has been leaning more towards Trump (or at least compared to the past few weeks) after the FBI re-opened investigations against Hillary.
Since the economic uncertainty is to be a temporary setback, i plan on stocking up on equities in the next month or two.  Will wait and see to see what policies the president plans on enforcing.

I'm not really doing anything special, but this election has me greatly concerned.  The stocks I own have kind of been up and down, but I haven't noticed anything abnormal.  You'd think precious metals would be booming, but they really haven't been.

I think it's a good time to be sitting on 1) Bitcoin, 2) Cash, and 3) Gold & silver.  Stocks are risky but I still love 'em and I'm not selling any.  Should be interesting to see if bitcoin reacts to this election.  It probably won't.

Ehh, I'm not quite so sure about wanting to sit on cash right now... just assuming that you mean cash = USD.

Plus, it kind of depends on what stocks you are talking about.  I think there is going to be a huge instability on wall street, but certainly certain stocks can always withstand the storm.

I just think that regardless there will be a huge distrust of the new president, regardless of who it is, and that will in turn affect the S&P and devalue the dollar for a bit.  If that does happen, then usually the worlds economy will follow.  I think investing in assets such as gold and silver is the best play as of right now, but definitely currencies such as Bitcoin and hedge in other alts are a good idea too if you are feeling in a gambling mood.

It's no doubt Gold and Bitcoin are correlated in this manner.

Depending on who it looks like is going to win (basically) the day before, I;m considering investing in either defense industry or cement manufacturers. So far I'm leaning towards cement manufacturers.

I'm backing out of the dollar because everyone holding it has weak hands when it comes to Trump apparently, so there's no point having it. I'm holding nearly anything that'll be stable at this point, since fiat blows anyways.

Hmmm.... If the impact is only going to be on USD, then BTC-other currencies exchange rate shouldn't be impacted.
If risk averseness increases after the election results, you can expect BTC to take a hit.  :)

Surely in US election there is an economic impact after the event. Be it on election spending,jobds created and so forth. Also, investors are on lookout what to expect from new administration,what are their economic policies etc. For the first 100 days to six months shall we say honeymoon period. But after that,I think and hoping that all will return to normal and economic prosperity , just hoping and pray that US will elect the leader that can forge peace to all.

There are some big hands obviously interested in loading up hard on bitcoin. They crashed the price on purpose recently to buy back in cheaper. They dont want the price to soar just yet, they are waiting for post election day. I think we will see a massive rally during 8th or after 8th, and until that happens 700 is a new stable price.

Most economists are predicting US interest rates will be increased next month, that the Fed is only keeping them stable right now because of the election.
How much the rate changes could definitely have an effect on the price of commodities like Bitcoin and precious metals.

With the slight dip back to $700 this could be a good time to invest in Bitcoin.
Investing in things like gold and silver is probably a safer bet but I think they all have a slight possibility of increasing in price.

Anyone here is going to bet on a hillary win gamble? im considering dropping some bitcoins here.. I think its obvious hillary will win, the powers that be will not let her win, so its clear to me, even julian assagne said the election is rigged... isnt this basically free money??

i am starting to believe that this US election is going to have a significant effect on bitcoin price when it happens.

because there have been so much talk about this and there are so many people hopeful about this and also these days you can see after the rise and also after the fluctuations many whales are so much richer, and they will use all that money and hype of election to pump bitcoin more.

People who live outside US don't care about US election's, for me is a bit strange that US presidential elections have so big influence global market's.
Anyway this Hilary is not good person, like her husband, they both are paid from who knows whom, that we can just speculate. Main thing is that they both did very bad things in this world ( I'm not sure how much US citizens are aware of that ).
Trump is showman, but he have some good arguments in my opinion.

I have to chuckle at this a little.  You hear this kind of thinking a lot in the precious metals markets (they're manipulating the market!).  Not sure who "they" are, and I'm even less sure you'd want to participate in a market that's as rigged as you think it is.

Chennan:  I still think cash is a good idea.  What else are you going to buy stocks with after they crash?

They rule the world with all the military power, that's the truth, that's why the world keep the eyes on USA, both Trump and Hilary are a joke and btw they are just puppets.

Trump have good arguments? This guy only talk about problems and don't talk about how to fix it, he just say "problem, problem, problem" and "make it great again", "great, great, great".

Well, any government sux ;)

I don't know. The Greek crisis didn't had any effect on the BTC exchange rates, and then how can the POTUS results have any effect? And till now, we don't know anything about Trump's stance towards the crypto-currency (Hillary is rabidly against BTC).

as far as i remember the Greek crisis did change bitcoin price but since Greek and its crisis were small the effect was not that big either.

and about US election i have to say i still don't believe it can change anything about bitcoin price unless users continue creating topics like this and continue making the event bigger than it really should be!

I think there will be few FUD like yesterday's on dates near to US election as well as there may be some exciting news after election. Trump may support bitcoin as many have speculated, however for people like me living outside doesn't care much about the result. The only think i will keep on eye is news/fud/hoax that may come out before/during/after election. Other than that i don't have planned anything for this election.

actually presidential election is common thing who almost every countries in the world doing that but there will be so special if America doing this and i think almost every countries always follow its development because whoever will be the next president he/she will be determine the future of the world because US is the biggest country in the world but because i'm living outside US so I'm just doing the routine as usual for daily life such as watching bitcoin price chart or find another altcoins who have potential to growth and I do not have a specific preparation to face this but i always follow the latest update for US presidential election

I wonder if they would do this right away if Clinton gets elected though...

I know Janet Yellen has been doing a good job in the eyes of Obama to keep the economy afloat with low interest rates... but something has got to inevitably give in.  I wonder if they will keep the rates low for a little while after/if she wins and wait for something "outside of her grasp" to happen to hurt America's economy.  If they are keeping the rates low for Obama, I would just think that they would keep it low for Hillary too.

Believe me, I can totally understand not being interested in this election looking at it from the outside.  But if there is no trust in the Dollar/US economy after someone who is that corrupt, or that much of a loose cannon, it effects everyone; primarily because the USD is still tied to oil.

The Clinton foundation is probably very corrupt, it's a private charity... they have actually done some "good" things in the world, but probably most of it is for show and to look good to the media. Thing is, they will hide their faults until all evidence is out on the table, and when that happens that will just give you the ¯\_(ツ)_/¯ response.

Trump's "arguments" are usually so short sighted and he makes these "arguments" based on emotion.

Regardless, it's a bad situation all around... and hence why there is so much uncertainty in the American economy. The USD is based on "trust", and it's really fucking hard to trust a government that's run by either of these two shmucks.

People around the world don’t care about who gets elected in the most powerful country in the world? Really? It’s not a strange at all, the U.S. is also the most influential country in the world whoever gets command of the country is for a period of time the most powerful human being and you think people don’t care.

If everybody is expecting an armageddon, it won't happen. Economic uncertainty is a reality since years. The problem is largely independent from the outcome of the election, because the debt problem simply can't be solved in an ordinary way.

So it makes no sense to only prepare for a crash on election day as a singular event. People should already be prepared in general and own the right assets.

I don't own much in general and I don't own any stocks in particular. So there won't be a problem if the S&P crashes. I only hold a bit of Bitcoin and a few precious metal coins. Bitcoin and precious metals are the only assets that I consider both safe and fungible during the times ahead.

ya.ya.yo!

Def a sell on Monday and buy back on Wednesday = PROFIT  ;)

You know, it is interesting thinking of what would be the short term outcome of the election if Trump were to win instead of HRC. Trump has said before in the past (doesn't mean he won't flip flop once he gets in, of course) that he wants to audit and revamp the federal reserve.  If that's the case, the federal reserve might just go full out YOLO, and let the economy tank to make Trump look like he is doing terribly as president.  There's no doubt you know what you don't know what you are getting with Trump, and on the flip side, you know exactly what you are getting with HRC, same old shit.

Cryptocurrencies, gold, and silver are always a good bet.  Lots of investors may hedge their value in Bitcoin because it has been the most reliable to hold it's value (looking at a short term view of the markets).  But make no mistake, Bitcoin isn't nearly as "fungible" as gold or silver, with Bitcoin, there is a certain level of 'taint' that comes along with it.  That's the risk someone investing in Bitcoin has to worry about before wanting to withdraw fiat out of Bitcoin through online exchanges.

I think Trump has said somewhere that he is contra-Bitcoin so if he gets elected somehow (highly unlikely though) I guess we would see a dip in the price of Bitcoin probably. Or perhaps nothing will happen at all and this is just a stupid insane theory of mine.

Well, a Donald Trump win would precipitate a massive panic in equities and indeed across a broad spectrum of investment classes.

The market expects him to pull out of the TPP and renegotiate other major trade deals with other countries. Under a Trump administration, China's deliberate debasement of the Renminbi to prop up its export based economy (built and operated on the basis of slave labor) would stop yielding results, plunging the country into chaos.

According to some news outlets such as the Wall Street Journal and Zero Hedge, the recent rally in the price of Bitcoin has indeed been fueled by the Chinese trying to dodge capital controls and preserve their savings. If this indeed is the case, it'll be interesting to see how a Trump Presidency would affect the price of the currency going forward.

I mean look at what Julian Assagne is saying:

http://www.zerohedge.com/news/2016-11-04/julian-assange-says-trump-wont-be-allowed-win-clinton-and-isis-are-funded-same-money


https://www.youtube.com/watch?v=k9xbokQO4M0

So apparently there are 0 chances of Trump winning, that's why I was considering a big bet for a Hillary win.. at least we make money.

A ton of people who live outside of the US care about the American election, and they rightfully should. It is one of the most influential governments, if not the most influential government on earth, and because of this a lot of what comes out of the US effects everyone else as well. Economic policies effect everyone, and new and expiring trade deals, or in this case tariffs and bringing back jobs, will effect a majority of other countries in more than one way.

Hillary is corrupt to all hell, and Trump is having a hard time verbalizing his policies, something I never liked about him this election. Bad situation, but hilarious to watch.

Was laughing at this list they have off celebrities leaving the States if Trump wins and then I started to worry,as they are all windbags for the left!
This election is going to be watched by so many Countries,I mean this is a big shift of how things are done in the world. You get Hilary and she is going to go at it with Russia potentially and that will create a massive shit show.
So I am not only waiting for the election but the fall out if she wins,already starting to see some nutjobs taking things into their own hands.

Price is going to rollercoaster or go skyhigh,hows that for depth? ;D
Have never been really good at predicting its moves,wish I was better.

Here you go, if you are feeling insanely confident on that you can make a bet on directbet:

https://directbet.eu/Event.cshtml?EventID=27713489


So, not really good odds if you want to put a lot of money on HRC since you can only win 14% of what you bet.  But the reason why I think the economy will still shit, even if HRC is in office, is because Trump will stir up so much shit about how rigged everything is, I wouldn't be surprised if he tries to (*puts on tinfoil hat*) start some sort of revolution or something.  Civil War pt. II

Not saying it would definitely happen... just saying I wouldn't be surprised if he attempts something of the sort.

i always invest some more in bitcoin whenever there is some uncertainty going on and especially when there is lots of rumor against bitcoin because there is always a dip when these things happen and dip means profit.

but in general i invest in gold as a secondary option, and since these days real estate is good where i live, i am investing in that too.

I think this is a very interesting topic, and I'm keen to hear peoples thoughts on how they think the BTC price will rise or fall leading up to, and after the elections.

Will we reach the heady heights again of a few years ago?

Clinton also said she does not think too highly of bitcoin, so both them will probably create the same effect in bitcoin price.

Which could quite possibly be no effect at all in how it is currently used, but could hinder its wider use by the masses.

I agree that speculation on the short term economic effects of the election outcome is fun. I also agree with your assessment that a Trump victory would increase short term uncertainty. Therefore I'm quite sure that a Trump victory will lead to a small market crash, let alone that estimates don't predict a Trump victory and traders will have been taken positions for a Hillary victory.

Your scenario regarding the actions of the federal reserve are pure speculation though. It doesn't seem likely that the Fed will try to end the Trump presidency - I can't see an advantage for the central bankers from this.

Regardless the election outcome, fiat trash money will loose purchasing power and debts will soar. Therefore it can't be a mistake to own Bitcoin and precious metals.

ya.ya.yo!

Oh yeah, no doubt it's purely only speculation... but I can definitely see where this type of situation can be possible if someone like Trump, who is a political outsider with a huge ego, were to come in and want to try and expose these guys to the national public.  I would feel as if they would bring Trump down with them.

I think I feel this way because 1) Janet was approved by Barack, and therefore the Democratic party; and 2) the fed will feel that they have "lost their grip" on the throat that is democracy.

Idk, I definitely feel that this year will go down as a major pivot point for the US in terms of politics, global relations, etc.

I`m pretty sure that Hillary will win.

Most of the people in the world are sure that she will win.

What uncertainty are you talking about. ;D

Bitcoin will survive this "armageddon".

I dont have alot of money to hedge to be honest and any that i do have needs to be pretty liquid.  if i could buy a few more bitcoin i would as i think the price will rise in the coming months.

Hillary will win as expected. Nothing interesting will happen.

What if Jullian Assange is lying? Or to be more accurate, what if he is lying in order to encourage more people to vote? There is no such thing as free money. They said Brexit won't happen because Soros won't let it. What do you think about that? Brits gave a big fuck you to everyone.

Trump may win or lose, i don't know yet. But, we will find out soon enough.

The part that I think plays into Hilary winning is that there seems to be a segment that are using Trump to make a political statement.
Like say the Bernie folks that wanted a shakeup and will plug there nose and vote Hilary in the end. This group is just one example of folks that are going to sway the percentages in the end towards Hilary.
We all know the system needs a shakeup and some where just using the polls to express that fact,it happens a lot in elections.

So if I was to bet I would go Hilary to win.

I really am interested to see the fallout though because it looks like a good divide that can be manipulated into doing something dumb.

I will not worry too much, if Trump wins then he has a lot of bigger thing to worry than bitcoin, besides most of the miners are in china so I will be a lot more worried if the Chinese government said something about bitcoin.