Bitcoin Forum

First of all, hello everyone, I'm back after a few years.
So much has changed, glad that forum is still here.

To the point now, I remember that after Trump was elected, Bitcoin started to rise and headed for the top, but after a while and slowly it started to fall.
I have looked at the price from time to time, seeing prices below $4k, then watching the price shooting up following the US election.
What I would like to know, are we gonna see history repeating itself like before or this time is different? what I mean is that, are we gonna see the same changes in the market, a few countries playing with the market since this market is somewhat decentralized? and then we see the price going down again?


Ps, non-english user here, will improve my grammar.

Trump won the election on November 9, 2016. Bitcoin price started rising on January 20, 2015 and by the election the price was up 233% already!

There were many corrections during that "cycle" but it took until December 2017 to start to fall.

Your times are way off the mark.
Please don't try to link bitcoin price movements to irrelevant things.

I do not think so, if you have been looking at news articles about crypto which I am sure you are, companies are starting to consider bitcoin as an investment for their company. The bull is still on parade, hopefully history won't repeat itself because that would be too predictable for hodlers when to sell and when to buy. Happy that there are people returning to the platform.

It is better not try bring this up again after it has been largely discussed and argued upon in several threads in this forum, (since you have been away for so long you might not know it) however, I really do not see the connection between the 2, the US election was not the trigger of btc price movement, I doubt there is a definitive answer to that, but the closest was institutional investors have a sudden large appetite for btc, and of course the PayPal news, and many other reasons, but certainly not the elections or past and present regime  :)

This time the market seems different compared to the past. So, it won't repeat history. Though you do have the point that countries to play games with the market.

Nothing to do with US elections (if this is what the OP is driving at), the price moves by itself regardless of any political or geo-political events.

Worth noting though that there are proponents of a 4 year cycle, so 2021 will be the 4th year, (2017-2021), but we can't really say for certain if history is going to repeat itself as the the exponential growth might need to slow that at some point, so we might see shorter or longer cycle.

The greatest difference between then and now is that institutional investors are actively engaging in crypto-related developments and innovations, some of which are on the helm of said things. Back then, it was purely the crypto community who manned the initial days of the bull run which was amplified by FOMO and outside investors that want to take some profits. Well, we still might see some retracements--heck, we might not even reach the ATH of this cycle just yet, and this might just be the start of it all.

It seems to me that people are trying to find correlations,where they simply don't exist.
Obama got re-elected in 2012,if I remember this correctly,and in 2013 the Bitcoin price went from $16 to 1.2K USD in one year.Do you think that this bull run had something to do with Obama's re-election?Same goes with the Trump election in 2016.
Maybe history will repeat itself,or maybe it won't.We can only speculate...

I hope that it isn't repeating it and I also think that it won't happen again.
Unlike what happen in 2017 the price increase right now have a huge reason and back ups unlike back then the price increase was only made by FOMO and ICO's.
Now we have so many big names and company that is backing it up and reason why the price goes up and wouldn't drop like what happen in the past.

None of election related cases that applies here,Because Bitcoin price are not politically dependent ,Instead this works By demand of the people that looks for technology and not for Long term advantage and not just for the time being.

But Of course There is still effect the new Governance of US specially If the stands favor or not in crypto.

You might compare with the 2017-2018 and 2020-2021. But the narrative and fundamentals are different so if there's an idea that builds up to you and that makes you think that it will be the same as those years, we'll see it this time.

But if the comparison is there, it is unlikely. We have no ico and these defis are not that much of an impact to bitcoin this time because dominance is high for bitcoin.

I wouldn't say this is true. I'd like to think political movements are a major contribution to why people adopt Bitcoin. I would probably have a guess that the majority of people involved with Bitcoin, came to Bitcoin because it isn't happy with the current political situation that most countries find them in. Plus, despite the Bitcoin price already showing a rather large movement before Trump's election, I still think it could have potentially had some impact on people looking for alternatives to the current money system they were using. After all, there was a large divide in electing trump, and his attitude probably worried a lot of people that the American economy was doomed, hence they started looking at alternatives. Bitcoin, probably being the leading candidate.

So, although I don't think politics are the only reason, I do believe it can have an impact on Bitcoin, especially for adoption rate.

There is no history here. Trump's election did not affect much the BTC market. This is nothing but events association. It would be interesting if there was something like this but the majority of the BTC holders are not all holding up to Trump or US, no, they're fairly spread.

What BTC is doing now is no history repeating itself, no, it is history being written before our eyes!

The difference is that the market has now a lot of players, big players, wealthy players. It is not the market that we used to know. Bitcoin a few years before was not as popular as it is today.

I cannot tell for sure whether the US election has had something to do with the price. It may have but only if there is an explicit plan as regards the official stand of the state in relation to the use and legality of Bitcoin. So far, there seems to have none. Never in the history of a presidential debate was Bitcoin mentioned even once. So I don't think the price of Bitcoin was significantly affected by any presidential election.

History repeats itself, but with bitcoin the thing is different. Bitcoin has been making history with time. At times there'll be decrease in the price of bitcoin, but by that time there'll be increased adoption. Every year seems to be better than the previous year in one form or the other. Whenever there happens growth with bitcoin, it gets related with any of the incident that took place by the time. In such a way OP has connected the growth with the US presidential election.

Everything is interconnected.  However, in my opinion, there is no direct link between the US presidential election and the price of bitcoins. 

The gradual loss by the US dollar of its status as the world reserve currency is the reason behind the rise in bitcoin. 

There is no reason to be surprised.  After all, the price of Bitcoin is denominated in US dollars.  The reboot of the global financial system was announced publicly.  Many countries have announced the development and implementation of CBDCs. 

Hence, traditional fiat currencies have no future.  Hence the increased interest of institutional investors in Bitcoin.

for a long time you disappeared, and of course the changes continued without realizing it. In my opinion, history cannot be repeated, it's just that the current movement of bitcoin has learned from history that in fact, the election is always the spearhead of an increase, even though in fact it is only 1% of the connection from the election. nothing has changed the movement but the market demand is soaring. There are still many factors that are more relevant than linking the American election to the price of bitcoin.

I think the price of BTC has nothing to do with any countries election because it is completely independent unless those who are elected say some good thing about BTC then that's another story. Last time when the Chinese president said something about cryptocurrencies the price went up and manage to recover after it fells to its low price last 2019.

We cannot conclude yet that history is repeating itself. If you're going to take a look at it, what happened way back 2018 was very different from now. Last bull run, the value stayed at almost 20k dollars but the bull run right now is continuously increasing. That makes it hard to predict what will really happen to the future of bitcoin. Regardless, if you really want bitcoin to be a good help in your financial status, you should always pay attention to the market and the price change. Through that you can somehow know what may happen next.

BTC gradually started to pump before 6month and slowly came to the public interest so US election is nothing to with this pump, We are going to see a new module in BTC the history of 2017 pump after dump will not repeat hopefully the market is very strong now and BTC is trying to hit 30k from two days which means bullrun is still on and it believe this will continue for few more months.

There was a lot of speculation around Trump because he was to be the free market president, a businessman. He also had some pro bitcoin people in his staff but he ended up being a USD supporter and a president of the rich.

Hype and speculation can work wonders for bitcoin but the users have matured a lot since then and as you can see moves are less volatile now than they were 5 years ago. We've even managed to break free from the S&P influence a bit.

Your English writing skills isn't that bad, judging from what I have read here. However, what is bad are the hypothesis you've conjured up about Bitcoin rise in price. They're simply irrelevant. Bitcoin price isn't in any way connected to the US election or any particular individual. Bitcoin is decentralized. No single person can influence it. The surge in price is occasioned by the halving that took place earlier in 2020. You just wait for the real effect this year. Every post Bitcoin halving year has always favoured Bitcoin. I expect price to continue to spiral up.

We can't simply determine if the history is going to repeat itself. Like the big bull run in 2017 and was followed up by the big bear market the following year? It can be possible, especially about paying crypto taxes somewhere in mid-April, etc. But I believe that the market has matured more because of the institutions and other well-known firms are now getting into crypto, so I think a pullback would be lesser than before. But again, that's just my opinion as the market cannot be predicted easily.

History will keep repeating itself. The bear market will repeat itself and the bull run will also repeat itself regardless of who or whichever party won, either demo or rep, bitcoin history will keep on repeating. It did happened before and will happen over and over. The altcoins however isn't following the steps.

I wouldn't be saying its final though. Altcoins will probably follow, it just have its own pace of  time. Who knows maybe after a year or two altcoins will also rally.

I don't think the US elections played an important role in the current Bitcoin bull run. It's just a matter of supply and demand, institutions are getting into the game and adoption increasing. People around the world own and trade Bitcoin, it is not just a "top countries" game.


Wouldn't it be nice to have a crystal ball?  ;D

I don't see history writing itself becasue the past life of this technology compare to now can't be compare, there were no much institutional investors in this technology compare to now. What bitcoin price worked with in the past wasn't much of these elections from the US but with good information across the globe, also, bad information made some impact in it price too. The current wave Bitcoin is making is due to it institutional investors moving into the technology for investment.

Events never repeat themselves perfectly, there can be some similar aspects but at the end we cannot base what the price of bitcoin will be based on the past, the world has changed a lot during these four years, especially 2020 was a critical year for bitcoin, the coronavirus changed everything, people made the realization that in the case of a big enough crisis they are on their own and the government will not help them, the price of bitcoin went down at first but then it has surged dramatically and since the coronavirus continues to ravage the world since the vaccine cannot be produced fast enough then I think the price will continue to go up for quite some time.

The biggest Bitcoin disappointment, for me personally, was during the Trump mid-term. Nothing to repeat here with Biden's election, I found this irrelevant to the Bitcoin price and the current bull run.

When it comes to fundamentals or situations like this like elections etc. then i dont see for it to be correlated to dictate on what would be the price movement in the market.
Also, i would like to welcome you again into this forum and i would say that there are lots of changes specially or mainly in talks of adoption rate or acceptance.
If you are aware then i would tell you that lots had already accepted bitcoin and the main one is Paypal. Adoption level isnt something that is the same into those
previous years on where you are still online and active into this place.

Joe Biden's win will make the us political ecosystem back to normal. In other words, It has negative impact on BTC' value.

For majority of its history, Bitcoin price was going up. You can find correlation with anything you want - moon phases, hurricanes, elections, etc. If you're trying to prove a connection, you need to explain the mechanism of why certain event influences the price. In this case, it doesn't make much sense for Bitcoin to have such major movements because US president changes - US presidents don't really care about Bitcoin.

I am among those who believe that history will repeat itself, I believe Bitcoin will be corrected in 2021. Even though the fundamentals of Bitcoin
are currently much stronger than Bitcoin in 2017. Because since 2020 there have been many large companies interested in Bitcoin and eventually
investing in Bitcoin. This is one of the reasons why the current Bitcoin price continues to rise, but that does not mean it is safe to invest in Bitcoin.

Because I believe Bitcoin will fall in price, because in order for the market to look healthy it needs correction first. Therefore, I believe that the history
that happened in 2017-2018 will repeat itself, and it will probably happen this year. So take profit if the Bitcoin we have is already profitable.

It may be possible. But seeing how bitcoin rise up as of today, it will gonna be hard to dump hard like $4k as before. There maybe many corrections but will not hit that $4k unless we are in $10k right now. There is a strong signs of bullish market as many reasons are causing this meteoric rise.

I remember when bitcoin was that low as $3.5k to $4k and was able to hold until now, so if that happens it's an opportunity for most of us here to accumulate more. No worries if history may repeat itself this 2021, as log as we manage well and do cut loss, then take off your profit.

The political system will be back to normal that is true but the economic system is going to be even worse, I am sure their money printing policies are going to take a turn for the worse as the government does not know how to solve any crisis except by printing more money, but what will they do when the crisis itself is caused by printing money? Print more money of course.

And the more money is printed the fastest the loss of value of fiat against everything else and the faster the growth of bitcoin will be, so if anything I think he will be even better for the price of bitcoin over the long term.

I'd never seen that the market repeating what happens before as its trend makes a huge difference. But for me, this is the making of another history in the crypto journey.
The price before was just shooting up because of a certain market manipulation made by whales but the current situation is not, and this is because we are truly into digital transformation. People are buying bitcoin for future use, not for investment only.

I absolutely don't associate the bitcoin market with the US elections because I think the bitcoin market is not only about the US so there is nothing to relate to the bitcoin price, it is a public market that is not centralized with the US. The seasons change and it has been known beforehand that even the halving event will trigger the coming season and that has been proven after a year later, it also proves if market events are repeated and not about the US election because it has nothing to do with the election.

I think history will not repeat itself, bitcoin this time is not the same as in 2017, bitcoin now has many large investors, many large companies who believe in bitcoin for investment.  So I think Bitcoin will be more expensive in the future.  even if the bitcoin price goes down it's just a correction.