soy (OP)
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January 21, 2016, 11:16:51 PM |
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Trump is riding a xenophobic wave. Isolationism has support.
Bitcoin is an international currency (if I may use that term).
Banks value the fiat at their core. Casinos, like insurance companies, are fiscal conservatives, essentially banks. True one can gamble in any currency but banks have fiat at their core.
If Trump were to be elected, or any Conservative for that matter, how would it effect US Bitcoin?
soy
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oblomov
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January 21, 2016, 11:43:45 PM |
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Republicans tend to manage economic policy in such a way that the US dollar weakens against other currencies.
This benefits US-based exporters and commodity producers.
It's less beneficial to money center banks and finance companies. Such firms tend to favor Democrats.
The Democratic party is the Upstairs-Downstairs Party. It favors the very rich and also the poor people they exploit with subprime mortgages and payday loans. Subsidies for everyone!
The GOP appeals more to the middle-class shoe store owners and real estate agents. And CEOs of manufacturing concerns, of course.
Trump would be more aligned with traditional GOP constituencies, so BTC should go up under his presidency as the USD devalues.
But up steadily, no spikes as in late 2013. Bubbles and spikes are more typically features of a Democratic presidency.
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Pab
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January 22, 2016, 02:10:13 AM |
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Trump will be not USA president,if he will be president it is any problem for Btc but big problem for USA
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DrLove2048
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January 22, 2016, 02:51:49 AM |
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It really doesn't matter, let's be real here the president is just a figure head... no real power.
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The Sceptical Chymist
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Top Crypto Casino
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January 22, 2016, 03:02:07 AM |
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I cannot stand Donald Trump. He's lived far too long on this planet, spreading his unique brand of garbage--and I'm not a political guy. Yes, bitcoin would survive Donald Trump. The question is, would the United States?
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Moneyburner
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January 22, 2016, 03:04:07 AM |
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This will never happen Trump is too focused on being relevant again instead of focusing on winning a presidency
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soy (OP)
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January 22, 2016, 04:31:04 AM |
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Conservatives are about 'We have the money and we're going to keep it.' To conserve, leave unchanged.
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Laviathon
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January 22, 2016, 04:39:07 AM |
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I don't think it will effect anything. I would think that the value of a bitcoin would be a lot more effected by what happens in China than it would in the U.S.
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madonnino
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January 22, 2016, 08:43:53 AM |
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I hope for the United States that trump will not the next president, it's not the right person to do this work
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Ch3wbacca
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January 22, 2016, 08:53:36 AM |
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I think Trump will lead the US into another period of great depression and market weaknesses.
This could potentially lead those with money into other markets to hedge their money for returns.
One of these hedges could be BTC, which could hypothetically increase its adoption and useage and confidence weakens in the banking systems seen in the US.
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PM me if you wish for me to advertise you
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European Central Bank
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January 22, 2016, 06:36:57 PM |
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I'd love to see him win for the pure lulz. Who care about bitcoin in that case? Can the US itself survive?
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bearex
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January 22, 2016, 06:45:58 PM |
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Sure, USA does not decide what happens with BTC. It is within hands of people.
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Erkallys
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January 22, 2016, 06:47:58 PM |
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I don't see why it could be bad for Bitcoin for any reason. Since Bitcoin isn't regulated there, he can do nothing bad for Bitcoin except tax it. However, if he do so, this mean that the U.S. officially recognise Bitcoin as an official currency, and this would be far better than all the threats that taxation can bring, at least 25% of the U.S. citizen would be aware of Bitcoin's existence.
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Arcteryx
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January 22, 2016, 06:49:35 PM |
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I am sure his vote count would go up if he fully was behind bitcoin and it's rise into the main stream. It can only help his campaign but many would say it would tarnish bitcoin's reputation, so it would not be a match made in heaven.
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mtnsaa
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January 22, 2016, 07:31:05 PM |
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Trump seems predictable but he's not, Bitcoin actually can go both ways, it can also be an instrument of neo-liberarism if you think about. However I don't think he has a chance to become the next US president. If Trump is somewhere close or seems to have a clear chance, millions people will go to vote against him to avoid that, it's that simple.
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odolvlobo
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January 22, 2016, 07:41:03 PM |
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Bitcoin would easily survive a Trump presidency, but the U.S. probably would not.
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Arcteryx
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January 22, 2016, 07:50:15 PM |
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Trump seems predictable but he's not, Bitcoin actually can go both ways, it can also be an instrument of neo-liberarism if you think about. However I don't think he has a chance to become the next US president. If Trump is somewhere close or seems to have a clear chance, millions people will go to vote against him to avoid that, it's that simple.
So you are saying if he says anything about bitcoin in his campaign people would turn away from it as a viable currency because they don't believe in his values and his endorsing it will make it go stale in the eyes of the public voters?
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Meuh6879
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January 22, 2016, 07:54:58 PM |
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BellaBitBit
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January 22, 2016, 07:55:13 PM |
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IF Trump would win, which I am not sure that is possible, I think Bitcoin would survive because Trump is probably already invested. He is creative enough that he would find a way to work with it (creative money wise...only)
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I love Bitcoin
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Meuh6879
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January 22, 2016, 07:56:36 PM |
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Trump is like Bush ... a puppet. it will change nothing.
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