Trump being new POTUS - how it will affect Bitcoin in the long run?

[freebutcaged]

As far as I know bitcoin ain't about any country or world power but it is just for the people to decide the fate and how to use it or give it value.
Bitcoin is for to prevent such effects and influences in the first place.

[TERA]

Bitcoin is mostly about the United states

[criptix]

Short term- small bump.
Long term? Who knows.

Depends on the people he puts in his cabinet (supposedly a lot of CEOs, banking execs etc)
and the policies he puts in place.
Trump may be good for the US economy long term, if he can reduce debt and negotiate good trade deals.
A lot depends on the tax policies and the infrastructure projects he has proposed. (IMO)

He wants to reduce debt by lowering taxes and stopping international trade.

Genius 

Im still not sure how he is planning to keep his ridic promises.

[talks_cheep]

Btc is bound to soar next 2 years, especially when they start the impeachment against President Trump.

[Killerpotleaf]

~17hours of trump being president and no socking news.

what gives?

[Killerpotleaf]

if you want to better understand why trump was the correct choice for US

  https://www.youtube.com/watch?v=o1Ho8OrBzig

[traderethereum]

i hope that will be a good for bitcoin in the long run no matter Trump now is the president of US because bitcoin not just about US but its about all country in the world but yes there is always affect that will happen with bitcoin as bitcoin itself is traded with USD and now the rate is down for bitcoin pair USD.

[Wind_FURY]

Now it is more or less official who would be the next President of the US (POTUS). Short-term effect is rather evident - weaker dollar, stronger Bitcoin. But what about longer run, one-two year from now?
Opinions and charts are welcome.

Does it really matter who the US president is? Right now Bitcoin is playing by a different set of rules that is mostly outside the regulated playground. So unless they find a way to really stop the darknet markets and all the other things that make up the Bitcoin economy then there would be no long term effects I believe. Maybe Trump is crazy enough to allow the purchase of drugs online using credit cards, then I would say that is really bad for Bitcoin because the darknet market comprises the largest part of the Bitcoin economy.

[Monetizer]

I think we will see a slow rise for a about 6 months and then it will level out for a while. I think many people will rush to sell USD but will soon realize Trump as president wont be as extreme as not-president Trump.

[afbitcoins]

We saw another example of bitcoin behaving like gold, both spiked up on the news only to both fall back to previous levels. Bitcoin still a small niche is a safe haven and a way to avoid capital controls. Both of which will boost bitcoin and gold in coming years

[Teemotje]

Pretty hard to say what is gonna happen with the bitcoin but most likely there will not change a lot of if I have to be honest.
I just do not think that it can effect it due to the fact that the bitcoin is standing on its own right ?

[paramind22]

Trump policy will not be helping Bitcoin or any other crypto for that matter.
He will crack down on bitcoin like it's a big crime syndicate. Bitcoin goes directly against everything Trump stands for both phylosophically and economically/technically.
Regulations will be extremely strict or it will be outlawed completely.

If yiu think otherwise you have no udea about who Trump is and what Bitcoin is.

No POTS works alone, and history has shown that they don't swing all things their way.  On what are you basing your opinion of Trump's stand on BTC?   Trump isn't such an outsider, he hosted SNL a few times, and The Apprentice.  He is being demonized by many but not sure for what reasons, as he clearly has a sense of humor and isn't always very serious about what he says. 

BTC jumped 3% on news of his victory.  Trump is an outsider, and BTC is a 12 billion dollar "outsider."  I would have some faith Trump cares for the average American and BTC represents a lot of average Americans.

[Ayers]

Short term- small bump.
Long term? Who knows.

Depends on the people he puts in his cabinet (supposedly a lot of CEOs, banking execs etc)
and the policies he puts in place.
Trump may be good for the US economy long term, if he can reduce debt and negotiate good trade deals.
A lot depends on the tax policies and the infrastructure projects he has proposed. (IMO)

He wants to reduce debt by lowering taxes and stopping international trade.

Genius 

Im still not sure how he is planning to keep his ridic promises.

yeah because international trade cannot be stopped, and i'm not sure what kinda of trade he was talking about, he mean goods trading or virtual trading done on the web?

[uki]

Trump policies seem to be inflationnary. And bitcoin thrives in this kind of environment.

That is what I think, too. My impresion is that in the long run Bitcoin price will profit from this voting. That is because of the weakening dollar.

[richardsNY]

We saw another example of bitcoin behaving like gold, both spiked up on the news only to both fall back to previous levels. Bitcoin still a small niche is a safe haven and a way to avoid capital controls. Both of which will boost bitcoin and gold in coming years

Gold is well known for being a safe haven in difficult economical times, but I am sure that Bitcoin will get its shine in this aspect as well in the coming years. The only thing I am wondering, is how we can get the traditional people with their old fashion way of thinking to take a position into Bitcoin.

Trump policies seem to be inflationnary. And bitcoin thrives in this kind of environment.

That is what I think, too. My impresion is that in the long run Bitcoin price will profit from this voting. That is because of the weakening dollar.

With or without Trump, the economical situation where fiat is less and less wanted, will make people look for a perfect hedge against it where Bitcoin will play an important role. People have 2 options - Bitcoin or Gold. Right now Gold is the preferred option, but Bitcoin is climbing up as well.

[U2]

Bitcoin is mostly about the United states

Rebuttal: Nope.


Honestly nothing but good can come out of trump being the president (in terms of bitcoin pricing lol). I would expect more and more increases in the future. We'll see how the wall comes along I guess and judge from that

[Torque]

Anti-establishment my ass!

http://www.businessinsider.com/trumps-other-treasury-secretary-has-deep-ties-to-wall-street-money-2016-11

[BingoDog]

Why does everyone think that Bitcoin depends on Trump or something that he will or will not say or do? As far as I know Bitcoin is stil free from governments so american president or any other governmental institution should not have anything to do with it.
Trump can affect dollar and stock markets, which already has.

[amacar2]

Bitcoin is mostly about the United states

I really doubt this, the effect of recent fud about china going to limit bitcoin trading in china made huge dump rather than small and unstable pump after Trump got elected. So i think bitcoin is mostly about China right now.  

[alyssa85]

Bitcoin is mostly about the United states

No it is not. The big move in bitcoin that made it mainstream came in 2013 when Cyprus confiscated the savings of it's people to bail out the banks.

Basically countries like the USA and UK, which have had a very long period of rule of law, are not the drivers of bitcoin because the dollar and pound are trusted by their citizens. The same goes for Sweden and Denmark, they are stable countries who control their own currency.

Bitcoin is of benefit to those countries who DON'T have the rule of law and are thus very dangerous. So Argentina, Venezuela, various places in Africa and Asia, and the eurozone countries. 

The biggie for Bitcoin is March 2017, when France has it's elections. One of the candidates wants to leave the euro. Changing currency brings instability and I expect funds will rush into bitcoin, gold, the dollar, pound and swiss franc just before the election.