What most beginners don't get about Bitcoin

[Agbamoni]

Bitcoin was grounded on decentralisation and financial freedom ideals. It seems unwise to put too much hope, trust, or fear into specific people and governmental institutions of a specific country. The US is powerful, and the US President is pretty powerful as well. But Bitcoin transcends the borders and can be alright during different presidents and US policies. I don't think this election will make a major difference, not in the long run. So, in that sense, I agree with the op showing that Bitcoin has been rising gradually over different US presidents, despite whatever their opinions were.

Don't be deceived because the rise is because of the hype from presidential aspirants after everything is said and done and the winner is appointed, they may back down on their promises, and everything will go back to normal. Meanwhile, I do not believe anything at all that it is because of US presidents the price of Bitcoins is going how. I see it as a coincidence because Bitcoin would still do better or the same way it is now if there were no electoral campaigns and hype from US presidential aspirants.

Bitcoin was grounded on decentralisation and financial freedom ideals. It seems unwise to put too much hope, trust, or fear into specific people and governmental institutions of a specific country. The US is powerful, and the US President is pretty powerful as well. But Bitcoin transcends the borders and can be alright during different presidents and US policies. I don't think this election will make a major difference, not in the long run. So, in that sense, I agree with the op showing that Bitcoin has been rising gradually over different US presidents, despite whatever their opinions were.

Yeah bro, I wonder why people would be placing the fate of Bitcoin on some entities, Bitcoin is decentralised in nature and according to history it haven't been controlled by anyone and won't be currently, that's what makes it so unique and special for investors who believe in it's potential, despite the government institutions fighting hard to gain control over Bitcoin but to no avail and it still flourished overtime till this point. Majority are gradually seeing the usefulness of Bitcoin as an asset class hence the mass adoption by various individuals and institutions and I believe in the near future It could become widely accepted globally both for carrying out local and International transactions as well as different use case. People should disregard critics who come up with false points to backlash Bitcoin and jump on it cause it has lots of benefits for the future, those who have been holding for 5 years plus can testify of it's benefits as an asset class.

It cannot be controlled completely by anyone, but it has been influenced by some factors and electoral government practices are one factor. In the right sense, it is normal to be persuaded by their promises on the price of Bitcoin going high if they are elected which I call political fallacies but it won't last for long since its only for a person's ambitions.

[khiholangkang]

But you also have to consider every investors that also own bitcoin. Unlike any other politicians way back then that really affect the flow of the market as to compare today that many investors are owning bitcoin. I don't think politicians can take bitcoin down that easily.

You are right but that applies to small countries that do not have bitcoin, if it is done in the US it is very likely to affect the bitcoin market quite crazily, after all the US is a very large country, has bitcoin ownership and also many bitcoin investors from there, especially after the emergence of the Bitcoin ETF in the US market political decisions regarding Bitcoin will greatly affect bitcoin even though it does not kill bitcoin, don't forget there are also miners if political decisions make it difficult for miners and bitcoin holders in the US the market will be shaken for a long time, and bitcoin will be accepted again afterwards.

This is a small gift to everyone bitcoin investors that still believes that if a supposed cruel presidential candidate gets to the throne of the US president it will be the end for Bitcoin, I have too many people screaming this in my ear and I am sick of it.

Well, probably those people better sell their bitcoins, clearly 1) they don't understand how bitcoin works 2) they can't manage the stress, if we can call it this way. Of course if Harris is elected won't help bitcoin but there is nothing she can really do to stop it. Let's take a look what happened with their friend at the SEC, Gary Gensler: they delated the ETFs as much as they could but they couldn't go against the big funds. Do I like Harris? Absolutely not. Am I worries about her? Absolutely not.

The fact is that people from the Democrats have always suppressed this industry, in the Biden era they were also quite sensitive, but some policies were passed such as the bitcoin ETF being traded, I think if Harris is elected it might have the same fate, they will impose harsh policies, but on the other hand they also support in their own way.

[GeorgeJohn]

The US election effect on bitcoin cannot be overemphasized as everyone is now talking more about it and how they fell it will affect bitcoin globally. I don’t really fancy the way the election of one place will have so much effect on a currency as it’s been speculated. They can’t stop the existence of bitcoin, they can only slow its adoption or further increases it depending on what the view of the reigning government has about it. It is better those news can stop having effect on bitcoin, the future of something unique can’t be more tied to only one country.

Bitcoin is a digital currency and its a currency that is decentralized,  so assuming bitcoin is a centralized I would have concur in this statement may people portray, but I'm try to outline just five reasons while US elections will affect bitcoin market, but none of this people who is creating different threads that relates with US elections and bitcoin, its  obvious that bitcoin independent currency and theirs no country that owns bitcoin or have the documents of bitcoin, so I see those statements as assumptions not real, actually some negative information can affect bitcoin due to market conditions but as a particular country elections cant  eliminate the existence neither it will give rise to more investors in bitcoin.

[passwordnow]

The end of Bitcoin will come when they shut down the internet.

And you can best believe they would love that.

If they stop internet access, believe me the world is not okay, maybe on the verge of extinction and there will be no more life on this earth

The world will be in chaos digitally and physically when that happens. Most of the businesses now relies on the internet and that's why shutting it down will cost not just billions in dollars but trillions and even more. But even with that chaos, I think that we'll still be alive by that time unless you're talking about the apocalypse where everyone has left this world and we probably 6 feet below the ground.

as long as lust still blows then the price of bitcoin will continue to rise and fall whoever the president is later

The president has some factors especially in the US and for the other countries, it's about the policies that they're going to implement about Bitcoin. A president that doesn't like Bitcoin will likely ban it thus remains neutral and will continue to let its constituent do its thing with Bitcoin. While there's an impact about it, soon in the long run there's likely no effect at all because with or without their intervention, Bitcoin will remain okay.

[irhact]

Don't be deceived because the rise is because of the hype from presidential aspirants after everything is said and done and the winner is appointed, they may back down on their promises, and everything will go back to normal. Meanwhile, I do not believe anything at all that it is because of US presidents the price of Bitcoins is going how. I see it as a coincidence because Bitcoin would still do better or the same way it is now if there were no electoral campaigns and hype from US presidential aspirants.

The election coming up is just making everything to be easy for Bitcoin as when there's an event that is bullish for Bitcoin, it causes the price of Bitcoin to increase. The fed just raised interest rates therefore Bitcoin would had still been bullish despite there was no election. Newbies should be very careful of how they're chasing after every Bitcoin pump as they don't know if the pump is going to continue or it was a fake one that happened due to manipulation. Most newbies don't get that Bitcoin is going to rise and fall away, from my little conversations with some of them, they think that after they have invested in Bitcoin that it'll continue to rise and give them profits everything.

[Shishir99]

Well, it's either:
1. Trump already saw the value of Bitcoin, the community around it, and the potential of it in the future. Or
2. He's just using Bitcoin to increase his chances of winning but in reality, he will not do anything positive about Bitcoin and that, he's just using it to be more popular and to attract those voters that are involved into Bitcoin as well.

Both points could be true here. Since I am not from the US, I don't really know what is the point of view of people when they saw Trump is not against Bitcoin anymore and he has even started to support it. I don't know his character as well. Not sure how many people are open to discussing Bitcoin either. If Bitcoin is popular enough to bring him some votes, It is understandable why he started supporting Bitcoin now.

I also remember him criticizing Bitcoin when, and yes his view about it might've changed already, but let's take note that these politicians are actors as well.

Yeah, we should know that politicians usually promise a lot of things before the elections to get some votes. Unfortunately, they forget most of those promises once they get elected. This is not in the US but a worldwide issue.

[stadus]

The end of Bitcoin will come when they shut down the internet.

And you can best believe they would love that.

Precisely. No any powerful and highly influential individual can put bitcoin into its end. How many times a lot have tried to put bitcoin into non-existence but since bitcoin has already established its high potentials and highly reliable blockchain technology to those who believed in it, then it would be hard for any person even the US President itself to stop bitcoin operation.

While the internet becomes the main channel to connect us to the world, then it will never come to shutting down, and so bitcoin is.

[Negotiation]

The US election will have no effect on bitcoin is decentralized and difficult to control. The United States is very strong but not affected by bitcoin's environment the US president recommends a cautious yet strategic approach regardless of the outcome of the election. It is important to closely monitor political developments, as policy changes or candidate positions can cause significant price changes. Traders are encouraged to consider short term opportunities in the cryptocurrency market particularly bitcoin, which has shown resilience and growth potential during past election cycles.