Bitcoin Forum

It's going to be very interesting times for metals and specially bitcoin. Now the markets are recovering because they think Donald Trump is not going to do pretty much anything of what he said. They think he will not build the wall, they thing he will not deport all the illegals etc... I think they are wrong. Donald Trump doesn't fuck around, he's going to do it all, and the markets will react, and metals and bitcoin will go up. Personally I would go up all in within Bitcoin. Metals are useless if you want to get rich.

I wish silver would hurry up and get a move on ;(  im still waiting on it recovering back to £25 an oz when i bought back in 2009 i think.  ::)

Yep. Long Term. ^^

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OP, Thanks for the news.
Anyway, after reading “To preserve your financial health, you will need the precious metals at some point in your life.” and "cautiously optimistic" , basically translated what he had left  to say into yada, yada yada analyst.  :-\

By the way, why such big fonts?  Hard to read.

Doesn't surprise me. Everyone is nervous about Trump mostly because he isn't someone who is going to follow through with the same thing everyone before him has, and he is talking about some considerably radical economic policies that can have huge effects on American jobs and businesses.

The economy is bad either way, so it'll be rough regardless.

Copper prices are up.
Large infrastructure projects have been one of Trumps main talking points recently.
There are people saying that the $500-700 billion roads/ bridges package Obama wanted to pass would be approved if Trump proposed it.

Usually a new president will reform economic policies just to encourage his nations growth, so obviously dollar will advance. When dollars up surge, we cannot expect alternative investments like gold and silver to shine.

People will run to any commodity that are seen as a Safe haven in times of political uncertainty. Bitcoin has also seen some action, because

some people saw Bitcoin as a Save haven to protect their wealth, when Trump won the election. I think all of this is a bit premature, and

people are over-reacting. We will certainly see some drama in the months to come..  ::)

long wall building materials instead

Currently a on a downtrend. Markets have accepted Trump as president if he follows through with plans Gold should fall further. I do expect it to rise again but nothing major soon.

Hillary Clinton was a reason to see gold rise long term given her determination to go to war.

trade gold and profit on the wild swings

https://bitcointalk.org/index.php?topic=1664883.0

Dang, you should have sold in 2011 when it was pushing $50!

Who knows what Trump is going to do?  Frankly at this point all the movement we've seen in metals, stocks, and bitcoin is just speculators speculating on what they think is going to happen under his rule.  It's all guesswork, and the gains and/or losses in stocks and bitcoin and metals are just short term.  We're goning to have to wait and see how much of a complete psycho he turns out to be.  Don't be surprised if he starts gassing Muslims.

What all these markets are seeing is just a reaction effect after surprisingly Trump got elected as president. All have speculated that Trump will be building long walls on border, will take harsh decision regarding foreign refugees and emigrants thats why most of the asian markets were down. However it is also true forex market move wildly even on speculation.

On long term i am seeing bitcoin price going up and may be gold will also recover from dump.

The election and the new president elected does not primarily is affect the price of gold and silver. But there are more factors that dictates the price and that is the need for precious metals. The market in the end is determine by the traders that sells and buy gold. So lets just left the presidency behind except if there are declarations by the US president that will bring huge impact on gold and silver industry.

It seems gold have a very strong pressure on it and it is heading down.

Apart from the elections, it wouldn't have made any difference if Hillary had gotten elected anyway. American economy is doing good and they need that interest rate hike in December. That is why gold is heading down. And it will go a lot more. Like 1100$ or maybe 1000$. I will buy some at 1100$. Not all in, only some. Buy even more at 1000$. If i ever to see xxx$ prices, that's where i am going to go all in.

The gold prices are usually inversely related to the stock market exchanges. Right now, the DOW JONES industrial average is at all time high. So we can expect the gold prices to decline. Also, Trump seems to be more business friendly than Hillary. That means that the stock market indices will rise in the near future, and the bullion prices will go down.

Indeed and President Trump As far I can remember that he will take the jobs overseas to America. But we do not know if all compaies will follow,since a company wants only profit and cut expenses. I am also glad that gold surges after the Trump win, hope it will translate to investoes confidence. But still businessman are still waiting for his policies.

it seems like Trump is planning on improving US economy greatly so it is expected to many things change in the country under the rule of Trump :)

and i think that is why many people speculate about bitcoin being a good thing these days and it going up in price.

- we can only hope

The gold prices are going to appreciate considerably in the next few years, irrespective of the policies of Trump. Countries such as Russia and China are hoarding gold in record quantities. Also, demand is rising in countries such as India and Middle East.

Why would it be rising in the Middle East? It's not like there is a ton of a need for gold there and chances are they're not going to get anything out of having more of it tucked away. Not trying to be belligerent, just curious. Also would it be fair to assume the ME is namely Saudi Arabia and related countries?

I think many are going to be completely blown away by how many of the policies Trump holds true to. The Wall undoubtedly IS going to be built, and honestly, why not, it will be one of the greatest infrastructure projects of our time, that will benefit for generations to come. A nation without borders, is scarcely a nation at all.

Just went through this article regarding blockchain.info wallet https://news.bitcoin.com/bitcoins-biggest-wallet-best-month-ever/
Bitcoin is slowly being safe heaven for investors to stay in safe side from market disaster.

True, smart people(investor) understand that fiat will not survive it's value in the future but bitcoin will.

Gold is staging a big turnaround from its surge after Donald Trump won his bid for the presidency.Gold is staging a big turnaround from its surge after Donald Trump won his bid for the presidency.In short, the bullish view on gold under Trump rests on the expectation that his policies would keep the world on edge, and that his fiscal spending plans would accelerate inflation.

Gold is bearish

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Whether it would have been Hillary elected vs. Trump, either would have spent a whole lot more money, that means inflation will arrive if monetary velocity picks up.  People who have "money" are tending to not spend a levels seen before ("Money velocity" is down).  Should people decide that so much more "money" (currency) is going to be printed, they may decide to start spending...

That is when prices will start going up.

Gold is a good defense against rising prices.  Gold has proven its value through the last 6000 years over and over.

Bitcoin will likely do well too.