[2016-11-08] US election – buy or sell Bitcoin?

[reddibrek]

"It seems safe to say that, for the following week at least, there is no end in sight when it comes to obsessing over China or debating about Bitcoin scalability. There is however one factor that will almost certainly have some effect on the price of Bitcoin, depending on an outcome which will become clear within the next 24 hours or so: the US presidential election..."

Read the full article here: https://www.reddheads.com/en/us-election-buy-sell-bitcoin/

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[Dassi]

I have been hearing a lot of talk about what the next U.S president will do about bitcoin. I personally believe nothing will happen to its price.

[reddibrek]

I have been hearing a lot of talk about what the next U.S president will do about bitcoin. I personally believe nothing will happen to its price.

The moment the New Hampshire votes came in for Donald Trump there was a push up.

If that's the first effect with so much more to follow, then something will happen. It already is!

On the grand scheme of things I don't think the full effect will be very significant in the long term, but for the next few months... definitely IMO.

[cr1776]

The difference will be only slight in monetary policy.  If Hillary wins, expect more debasement of the currency so bitcoin (and PMs) should benefit by being a safe haven for people who are paying attention. Similarly, whenever inflation picks up, in dollar terms bitcoin would benefit.  

If Trump wins, it could be more of the same, much would depend on his Fed appointments, tax policy etc.  

Likewise, from a protection from instability standpoint, bitcoin makes sense when you have authoritarian socialists running who have made it clear they intend to take more money from those who are working.

None of this is short term of course.

[Kprawn]

I think most of the focus was on the elections these last few weeks.... as soon as this is finalized, the investors will realized that most of the talk was

just political games. Bitcoin has been classified as a commodity in the USA and the regulation has been tightened to accommodate for that. The US

Dollar will still be the Reserve currency, no matter who wins the election. I predict that there will be no significant shift in the price... similar to what

we have seen with the Halving. 

[yayayo]

Bitcoin is always a buy - regardless of the outcome of the US election. Fiat money is trash, because it is based on debt. So exchanging worthless fiat for a sound currency like Bitcoin is the most logical thing to do.

The fiat scam system is reaching its end of life. The debt problem it has created cannot be solved by either candidate. It's a systemic problem that lies outside of the power of a president. The president can just choose the path to collapse, but won't be able to prevent it.

So all market effects after the election will be rather short-lived and are unimportant, compared to the grand scheme of things going on.

ya.ya.yo!

[Scott J]

If Hilary wins, expect the markets to rally. I guess this could have a negative effect on the price of Bitcoin.

On the other hand, a Trump victory has to be bullish for Bitcoin as everyone will be panicking.

[1Referee]

On the other hand, a Trump victory has to be bullish for Bitcoin as everyone will be panicking.

Well, I am not sure if it's really related to the election of Trump, or just a whale trying to fool people into thinking so by manipulating the price, but as more and more became clear that Trump would be the winner, the price started to go up. In a matter of 6 hours, the price has gone up like $30.

European stock markets are down a few percent. If the panic there keeps holding strong for a long time, then these traders may actually look for an alternative. And I strongly hope that Bitcoin will exactly be that alternative. Perhaps that the higher price might scare them a bit, but with the money that these institutional investors are playing with, they can easily make the price rocket up real hard.

[yayayo]

On the other hand, a Trump victory has to be bullish for Bitcoin as everyone will be panicking.

Well, I am not sure if it's really related to the election of Trump, or just a whale trying to fool people into thinking so by manipulating the price, but as more and more became clear that Trump would be the winner, the price started to go up. In a matter of 6 hours, the price has gone up like $30.

European stock markets are down a few percent. If the panic there keeps holding strong for a long time, then these traders may actually look for an alternative. And I strongly hope that Bitcoin will exactly be that alternative. Perhaps that the higher price might scare them a bit, but with the money that these institutional investors are playing with, they can easily make the price rocket up real hard.

Trump won. Now he is making Bitcoin great again.

Joking aside I think that potential market effects from the unexpected election result will be rather short-lived. Unsurprisingly (at least for me), Trump already chose a rather reconciling tone in his first speech. He is clearly not the monster the media made out of him.

Bitcoin will rise regardless of this outcome, because neither Trump nor Clinton will be able to solve the massive systemic problem of the fiat monetary system. But in my opinion, Trump will make the transition to a new sound monetary system based on Bitcoin and precious metals significantly less painful.

ya.ya.yo!

[traderethereum]

with the winning of Trump in election, the stock market will make correction especially for USD and i hope it would give good impact for bitcoin too and would be increase. i think its better to hold again for a while and wait if there is an increase for the price and then we can sell it. but if you don't have bitcoin, then maybe you can buy for now and after just wait for a moment to make sure.

[Scott J]

On the other hand, a Trump victory has to be bullish for Bitcoin as everyone will be panicking.

Well, I am not sure if it's really related to the election of Trump, or just a whale trying to fool people into thinking so by manipulating the price, but as more and more became clear that Trump would be the winner, the price started to go up. In a matter of 6 hours, the price has gone up like $30.

Either way, it is related to his election.

[reddibrek]

So the expected outcome for Bitcoin played out, but a bit on the feeble side.

I think it will take three or four more days to see if this amounts to anything.

Anyway, thanks for your comments!