Bitcoin Forum

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

Agreed. There wont be any logical reason as to why it swings in price but yes people will assume it will make a difference so will mix around / buy/sell bitcoins making the price fluctuate all over the place. It's really only speculators that will really make the price move, not any new people buying bitcoins or anything good for the community.

That is what a lot of people don't understand with the markets... there doesn't need to be anything logical, just a psychological factor as a reaction to something symbolic like the change of the new president, even if the president has took 0 decisions, can have an impact in markets. It's not guaranteed, but it's a good bet. I have no idea if the USD will pump and gold and BTC will go down or the opposite, I think it's impossible to know, but the possibility for a bet is there.

I think we have already seen some price spike during election day few weeks ago so when he will start to take care of president position on january i don't think there will be any same type of reaction (pump) in price. We may have to wait for Trump to deliver some speech regarding bitcoin or cryptocurrency overall to see any good movement on bitcoin price.

The psychological effect couldn't hold for longer period just like what have happened on election day.  

I think a lot has been made about his election promises, but when reality kicks in and he sees how world politics works... he will not act

aggressively on most of those promises. Yes, I do think that he will "Americanize" some of the stuff that was previously done by foreign

countries to increase job opportunities... but other than that, not a lot will change. Bitcoin will see a small increase, and then everything will

return to normal.  ;)

I would be surprised if Trump were able to do even half the things he promised during his campaign.

Hes already backed off from banning Muslims from entering the county, deporting all illegal aliens, the wall between the US and Mexico will be a fence in some sections,
"draining the swamp" by keeping all lobbyists and Washington insiders wont happen-
he already has people like Reince Preibus who was the former chairman of the Republican Party of Wisconsin and has also talked to more than a few lobbyists as potential cabinet members.

I have hope that he is able to do some good for the economy of the United States.
Honestly, if he was able to reduce the national debt and re-negotiate some trade deals to keep jobs in the US, I would be more than happy.

Thank you for pointing it out. I though the effects would have already passed, but them coming on that date seems more logical. Anway, I'll remember it.

I opened the topic about long-term influence of Trump's election on Bitcoin.
https://bitcointalk.org/index.php?topic=1675196.0
I guess you ask the same question here. Please refer to my topic, there are some nice answers there.

Seriously, no. I doubt that anything will change on that day. This date is not significant at all. Everything what might happen when Trump was elected already happened.
If you really thinks that market will react to it like it is some kind of dark prophecy you are mistaken - only real confirmed legislation project of Trump can shift markets.
And so far he hasn't show us that has anything bitcoin related planned for the US.

You got that right, and may I also add that markets have already begun reacting to Trump's victory.  The date when he actually takes office isn't as important as would be imagined (IMO).  Look at what the US stock market is doing--bank stocks are soaring along with some other sectors, and that's all in anticipation of what Trump is going to do.  At this point it's pretty speculative, but my point is that we don't need to wait until 1/20/17 for bitcoin to do whatever it's going to do.

But we'll see, won't we.

I guess there will be many roller coasters on the currency markets up and down all day. I am not sure of which currencies will be going up and which goes down but high volatility is expected. As you always should have been doing, you better have some currencies from both sides, you won't be missing any chances.

I'll pay attention tot he day, but there is still a lot that can happen in the meantime. Any events regarding President Trump's election, including civil unrest or various statements from various groups, can result in major swings within Bitcoin that wouldn't make sense in any other scenario. US investors are likely nervous, not because of Trump and his presidency, but how the citizens will react to it.

we'll have to wait and see but i think a dollar fail is not so possible with Trump at work. and as for bitcoin, there will always be hype and the more we talk about it and speculate the higher the chance of it :D
just like the election days rise!

Good point, I'm interested to see how markets in general will react that day. Markets don't react to an event on their own, they react because people react. And there has been a hell of a lot of reaction across the world to Trump.
Of course, markets won't permanently stay that way. If people start dumping anything, it'll just be picked right up by a more sensible investor, and things quickly return to normal.

Despite the non-permanent effects, I'm still curious to see just HOW MUCH the markets will dip that day. Maybe this will present a good opportunity for us to get in on some short term investments :)

what is the effect donal trump and bitcoin price
i think effect trump only to real money and USD price in pair another real money all country in the world
you can explain for me all about reason can effect to bitcoin price

From where I stand, I dont see the relevance of what the swearing-in of Donald Trump will have on the price of Bitcoin. His winning of the election have effect on Bitcoin and even much more things so I dont see anything changing, he is just coming into office maybe after few months and decisions and rules are rolling in, then I agree that this may have effect on Bitcoin.

better we wait and see what will happen on that day, i don't think that the bitcoin price is depend on that election but maybe its small portion and will make a movement on the market. as we see that on yesterday when trump win the election, there is not much movement in the market and the price is change but not to drop or going up. maybe its normal situations for the market and the trader make a daily trading.

many countries are so worry with economical global after Trump became the new president but for cryptocurrency that would not have big effect for the price or mass adoption so i think there is no worry for bitcoin users and just do your activities as usual such as cryptocurrency trading or perhaps gambling because i'm pretty sure there is no problem with cryptocurrency world even US have the new president

well anything that gets hyped up can have effects on bitcoin price and the Donald Trump presidency and the future of crypto currencies have been getting hyped up a lot from the beginning of the election of US. and i believe it is partly because of the fact that he is a business man and is thinking about improving US financially and that may have good effects on bitcoin price also as more people invest in it.

I have seen that usually the bitcoin price after new year does not pump so we may see a drop (if not a pump)

The dollar probably will drop a bit because it was dropped also when Trump won the elections so it will not be a surprise.

This. It's just the OP making things up. If there was something that Trump can do to help BTC, that's to make stricter regulations making harder for the people to move money in and out of their country, more regulations on online gambling and more effort on the war on drugs. Oppression and more regulations will make BTC a more attractive asset.

Just like any major political milestone that date is important, no doubt about that. But let's be honest, do you really believe it anything big can happen to bitcoin on this very date?

I don't think same event can have effect on price twice within short period of time and this goes for Trump getting elected as president.
Trump may start his journey as next president from january but this doesn't mean we will see sudden price pump again, but i think that will cause some dumps on asian market again.

Yes it is possible, the issue here is businessmen and investors trust to the President. But, when the dollar drop last election when Trump wins, you notice that bitcoin was high also? :) Let us really observed what happens on that date.

I believe we don't have to wait for January 20th since there's another important checkpoint for the global economy: I'm referring to the Italian Constitutional referendum. Italians are called to vote on a major constitutional change. Many believe that if naysayers win we are going to see an important economic collapse.
So, before January look for December 4th. And then we'll talk again.

You think It was high because of the digits but in the reality it had the same value.

And usually people at the end of the year spend lots of money on unnecessary thing like 4K TV etc just because they are on discount.

And so they lose the interest in bitcoin and that's why the price in the beginning of each year the bitcoin price doesn't go high.

I think not only for bitcoin world but Equity and Sensex market of world will also see lot of fluctuation on that day as what are the decisions Trump will make which will give impact to the market of full world. I think we can see a small rise but their will be more dump and we can see price down and selling pressure

Does Italy have a role to play in the Bitcoin economy. I doubt if it is as important as say the US or China. Of course, if the vote results in uncertainty around the whole of Europe, Bitcoin may gain.

I think that there is nothing much to worry about, because such limited decisions should not affect bitcoin's economy by any means.
And if there would be pump, it may be because of halving and not this, because Trump has already been selected as President, when at that time, nothing happened, what would happen when he will be elected?

January 20 is days away from the psychological factor of the new years event. If there is a dip in the new years event, then this may solidify the theory of a pump after Trump gets elected since people will see a buying opportunity with this so called new years dip, which by the way no one can know if it will dip or pump.

Could be that inauguration will affect the Bitcoin price. But if this happens this will be completely irational because Trump and Bitcoins are not connected in.any way. So, market could react only because this will be important date for US. But I expect Bitcoin pump even before that date.

Then if we go according to your view then i think this rise in bitcoin was the effect of Trump winning the US electron, I dont think that it will give much impact on Bitcoin Market Until we dont see that what policies Trump will make in his view on the inauguration or after he takes the position

December 4th is this Sunday! Let's mark our calendars for this one and observe the price of BTC and see if there are any huge swings. To think that I thought the only highlight of my weekend is to get drunk with friends and watch El Clasico. There might be another much bigger highlight for Bitcoiners.

In my experience, all markets usually respond well in advance to expected and scheduled news and events and only for bomb blast or other calamity incidents market will react on that day.

The recent halving day price levels was big witness to this.

So, the US president sworn-in fluctuations may happen within 2016 itself just based on new government's policies.

I doubt that bitcoin price will react just because trump will be seated in the office. Let us wait a little longer, when he actually make policies that will effect bitcoin positively. If that happens, then bitcoin will be more expensive. Or if the value of dollar plummets because of him, then surely bitcoin will be more valuable.

I see it the same.
What the new president will do the first few days he has already announced. Leaving TPP won't be a surprise.
Sunday 4th December on the otherhand is something different. It's not clear at all if the Italian reform will go through.
If it does not that could bring serious trouble on the financial markets. And bitcoin would get a raise, most likely.

Unlike the official sovereign of Trump as the president, bitcoin is expected to have some major price variations by the start of the year. Possibly a good increase in price can be expected but it won't sustain long. Within a short time the price falls beyond the value from which it started to rise.

Am I a bad person for wanting a financial crisis to happen? I know it is selfish but the pending crisis is of their doing and it is out of our control. I will be disappointed if nothing happens and we are back here on Monday talking about something else.