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Author Topic: [2017-1-17] Bitcoin may have friends in high places following Trump inauguration  (Read 373 times)
newsatbravenewcoin
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January 17, 2017, 04:18:32 AM
 #1

The price of bitcoin responded very positively to the prospect of a Trump presidency in November, ticking up 3.4 percent after it became clear that he would be the next president. Analysts believe that this could be due to bitcoin acting as a hedge in times of trouble.

http://bravenewcoin.com/news/bitcoin-may-have-friends-in-high-places-following-trump-inauguration/
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January 17, 2017, 05:00:42 AM
 #2

I noticed it did rise today again. Are people actually finally settled on that's it and no stopping progress even if theyt like him being president or not. It is rising the price up and until the 20th on Friday we will continue to rise up until it reaches the level that we had a week and a half ago near to the high price.
The new of a four years always bring in optimism and it is close to the year of the rooster too and he does make a loud commotion when they wake up. Grin



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January 17, 2017, 07:11:55 AM
 #3

The price of bitcoin responded very positively to the prospect of a Trump presidency in November, ticking up 3.4 percent after it became clear that he would be the next president. Analysts believe that this could be due to bitcoin acting as a hedge in times of trouble.

http://bravenewcoin.com/news/bitcoin-may-have-friends-in-high-places-following-trump-inauguration/

The inauguration of Trump as president shouldn't make any difference. His election was unexpected, and that result in investors getting worried about the direction USA would take. This rubbed off a bit on Bitcoin. But now since there are no surprises, it is going to be business as usual.

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January 17, 2017, 08:54:55 AM
 #4

...Analysts believe that this could be due to bitcoin acting as a hedge in times of trouble.

As always bitcoin becomes the preferred currency of the desperate or should I say the currency of refuge.

People should see the potential of bitcoin and not simply as a currency of refuge


The price of bitcoin responded very positively to the prospect of a Trump presidency in November, ticking up 3.4 percent after it became clear that he would be the next president.

About trump governance, I'd rather comment in a year.

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January 17, 2017, 12:37:56 PM
 #5

The price of bitcoin responded very positively to the prospect of a Trump presidency in November, ticking up 3.4 percent after it became clear that he would be the next president. Analysts believe that this could be due to bitcoin acting as a hedge in times of trouble.

http://bravenewcoin.com/news/bitcoin-may-have-friends-in-high-places-following-trump-inauguration/

Reading this article I for the first time in my life saw an optimistic prediction about Bitcoin future made by a bank. They say that Saxo Bank, a Danish investment bank, predicted that the price of Bitcoin may go to US$2,100 in 2017. Let's hope they are right.

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January 17, 2017, 10:47:22 PM
 #6

Reading this article I for the first time in my life saw an optimistic prediction about Bitcoin future made by a bank. They say that Saxo Bank, a Danish investment bank, predicted that the price of Bitcoin may go to US$2,100 in 2017. Let's hope they are right.
Not the first time I see this. But  We all know some famous people trying to predict Bitcoin future.
Tim Tim Draper predicted in 2014 - right after that ATH pump, that the price per Bitcoin will hit $10,000 USD by 2018.

Saxo Bank thinks that people will turn their heads to bitcoin as safe haven asset in the times of turmoil.
But see what Chinese government did, simple FUD about potential bitcoin ban a bit of AML policies introduced, and we had price crash from $1100 to $800
It could happen again - only this time in the US.


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January 17, 2017, 11:09:06 PM
 #7

[
Quote
Saxo Bank thinks that people will turn their heads to bitcoin as safe haven asset in the times of turmoil.
But see what Chinese government did, simple FUD about potential bitcoin ban a bit of AML policies introduced, and we had price crash from $1100 to $800
It could happen again - only this time in the US.

Not quite , it will bring the price down about 25% to restore again , when people realize they are fooled by the Main stream media , then buy back , and wait for the next wave...
since BTC is limited to 21.000.000 the price will get up , soon because you can only dump bitcoins if you have them , you can not print extra bitcoins , like they do with fiat or paper gold....



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January 18, 2017, 05:44:47 AM
 #8

[
Quote
Saxo Bank thinks that people will turn their heads to bitcoin as safe haven asset in the times of turmoil.
But see what Chinese government did, simple FUD about potential bitcoin ban a bit of AML policies introduced, and we had price crash from $1100 to $800
It could happen again - only this time in the US.

Not quite , it will bring the price down about 25% to restore again , when people realize they are fooled by the Main stream media , then buy back , and wait for the next wave...
since BTC is limited to 21.000.000 the price will get up , soon because you can only dump bitcoins if you have them , you can not print extra bitcoins , like they do with fiat or paper gold....


Indeed, there would only be a temporary drop in prices and even if the US would create such laws and regulation against bitcoins, that would just slow down the appreciation of bitcoins. If the whole world would ban it, probably that would be the death of it, but if it's just a regulation it won't even dent bitcoins.

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