Friday, January 20, 2017, let's pay attention to that date

[thejaytiesto]

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

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[U2]

Agreed. There wont be any logical reason as to why it swings in price but yes people will assume it will make a difference so will mix around / buy/sell bitcoins making the price fluctuate all over the place. It's really only speculators that will really make the price move, not any new people buying bitcoins or anything good for the community.

[thejaytiesto]

Agreed. There wont be any logical reason as to why it swings in price but yes people will assume it will make a difference so will mix around / buy/sell bitcoins making the price fluctuate all over the place. It's really only speculators that will really make the price move, not any new people buying bitcoins or anything good for the community.

That is what a lot of people don't understand with the markets... there doesn't need to be anything logical, just a psychological factor as a reaction to something symbolic like the change of the new president, even if the president has took 0 decisions, can have an impact in markets. It's not guaranteed, but it's a good bet. I have no idea if the USD will pump and gold and BTC will go down or the opposite, I think it's impossible to know, but the possibility for a bet is there.

[amacar2]

I think we have already seen some price spike during election day few weeks ago so when he will start to take care of president position on january i don't think there will be any same type of reaction (pump) in price. We may have to wait for Trump to deliver some speech regarding bitcoin or cryptocurrency overall to see any good movement on bitcoin price.

The psychological effect couldn't hold for longer period just like what have happened on election day.  

[Kprawn]

I think a lot has been made about his election promises, but when reality kicks in and he sees how world politics works... he will not act

aggressively on most of those promises. Yes, I do think that he will "Americanize" some of the stuff that was previously done by foreign

countries to increase job opportunities... but other than that, not a lot will change. Bitcoin will see a small increase, and then everything will

return to normal. 

[Shiroslullaby]

I would be surprised if Trump were able to do even half the things he promised during his campaign.

Hes already backed off from banning Muslims from entering the county, deporting all illegal aliens, the wall between the US and Mexico will be a fence in some sections,
"draining the swamp" by keeping all lobbyists and Washington insiders wont happen-
he already has people like Reince Preibus who was the former chairman of the Republican Party of Wisconsin and has also talked to more than a few lobbyists as potential cabinet members.

I have hope that he is able to do some good for the economy of the United States.
Honestly, if he was able to reduce the national debt and re-negotiate some trade deals to keep jobs in the US, I would be more than happy.

[Cashew]

Thank you for pointing it out. I though the effects would have already passed, but them coming on that date seems more logical. Anway, I'll remember it.

[uki]

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

I opened the topic about long-term influence of Trump's election on Bitcoin.
https://bitcointalk.org/index.php?topic=1675196.0
I guess you ask the same question here. Please refer to my topic, there are some nice answers there.

[Snorek]

Seriously, no. I doubt that anything will change on that day. This date is not significant at all. Everything what might happen when Trump was elected already happened.
If you really thinks that market will react to it like it is some kind of dark prophecy you are mistaken - only real confirmed legislation project of Trump can shift markets.
And so far he hasn't show us that has anything bitcoin related planned for the US.

[The Sceptical Chymist]

<snip>there doesn't need to be anything logical, just a psychological factor<snip>

You got that right, and may I also add that markets have already begun reacting to Trump's victory.  The date when he actually takes office isn't as important as would be imagined (IMO).  Look at what the US stock market is doing--bank stocks are soaring along with some other sectors, and that's all in anticipation of what Trump is going to do.  At this point it's pretty speculative, but my point is that we don't need to wait until 1/20/17 for bitcoin to do whatever it's going to do.

But we'll see, won't we.

[mindrust]

I guess there will be many roller coasters on the currency markets up and down all day. I am not sure of which currencies will be going up and which goes down but high volatility is expected. As you always should have been doing, you better have some currencies from both sides, you won't be missing any chances.

[MingLee]

I'll pay attention tot he day, but there is still a lot that can happen in the meantime. Any events regarding President Trump's election, including civil unrest or various statements from various groups, can result in major swings within Bitcoin that wouldn't make sense in any other scenario. US investors are likely nervous, not because of Trump and his presidency, but how the citizens will react to it.

[pooya87]

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

we'll have to wait and see but i think a dollar fail is not so possible with Trump at work. and as for bitcoin, there will always be hype and the more we talk about it and speculate the higher the chance of it
just like the election days rise!

[rexxarofmoknathal]

Good point, I'm interested to see how markets in general will react that day. Markets don't react to an event on their own, they react because people react. And there has been a hell of a lot of reaction across the world to Trump.
Of course, markets won't permanently stay that way. If people start dumping anything, it'll just be picked right up by a more sensible investor, and things quickly return to normal.

Despite the non-permanent effects, I'm still curious to see just HOW MUCH the markets will dip that day. Maybe this will present a good opportunity for us to get in on some short term investments

[cakravothy]

what is the effect donal trump and bitcoin price
i think effect trump only to real money and USD price in pair another real money all country in the world
you can explain for me all about reason can effect to bitcoin price

[audaciousbeing]

From where I stand, I dont see the relevance of what the swearing-in of Donald Trump will have on the price of Bitcoin. His winning of the election have effect on Bitcoin and even much more things so I dont see anything changing, he is just coming into office maybe after few months and decisions and rules are rolling in, then I agree that this may have effect on Bitcoin.

[kidsrock]

better we wait and see what will happen on that day, i don't think that the bitcoin price is depend on that election but maybe its small portion and will make a movement on the market. as we see that on yesterday when trump win the election, there is not much movement in the market and the price is change but not to drop or going up. maybe its normal situations for the market and the trader make a daily trading.

[Nahl]

many countries are so worry with economical global after Trump became the new president but for cryptocurrency that would not have big effect for the price or mass adoption so i think there is no worry for bitcoin users and just do your activities as usual such as cryptocurrency trading or perhaps gambling because i'm pretty sure there is no problem with cryptocurrency world even US have the new president

[talkbitcoin]

From where I stand, I dont see the relevance of what the swearing-in of Donald Trump will have on the price of Bitcoin. His winning of the election have effect on Bitcoin and even much more things so I dont see anything changing, he is just coming into office maybe after few months and decisions and rules are rolling in, then I agree that this may have effect on Bitcoin.

well anything that gets hyped up can have effects on bitcoin price and the Donald Trump presidency and the future of crypto currencies have been getting hyped up a lot from the beginning of the election of US. and i believe it is partly because of the fact that he is a business man and is thinking about improving US financially and that may have good effects on bitcoin price also as more people invest in it.

[ivanst776]

Friday, January 20, 2017 is the date when the 45th american president will be ellected (Donald Trump). I think we are going to see some swings in the market just because of the importance of the date. It will not need for Trump to take any decisions, I think the mere fact of the hype of that date is already a disturbance generator in the market. My bet is that we might see a bitcoin pump and a dollar fail, if on immediately, maybe in 1 or two months when Trump starts taking the key decisions. We will see.

I have seen that usually the bitcoin price after new year does not pump so we may see a drop (if not a pump)

The dollar probably will drop a bit because it was dropped also when Trump won the elections so it will not be a surprise.