Cryptocurrency: US Election 2020

[Lycan70]

The world is really watching the outcome of US election. Many countries have economic ties with the US. The dollar might decline before the election but expected to go upwards after the proclamation. Lets see how the election can affect bitcoin though, or it might not.

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[bryant.coleman]

The world is really watching the outcome of US election. Many countries have economic ties with the US. The dollar might decline before the election but expected to go upwards after the proclamation. Lets see how the election can affect bitcoin though, or it might not.

The outcome of the presidential elections never had any impact on the exchange rate of the US Dollar. The United States Dollar is the strongest fiat currency in the world right now, and it is likely to remain at that position for the next few decades. The election of neither Trump or Biden is going to cause a change in ground situation for the cryptocurrencies.

[hd49728]

The outcome of the presidential elections never had any impact on the exchange rate of the US Dollar. The United States Dollar is the strongest fiat currency in the world right now, and it is likely to remain at that position for the next few decades. The election of neither Trump or Biden is going to cause a change in ground situation for the cryptocurrencies.

Really? How you can said so. The United States is a big nation and any changes in the politics here have dramatic impacts on the economy in the USA. and the world economy too.

The coming President election and its uncertainty after the day 3th November, Biden or Trump will easily accept result when they are losers, won't they? The uncertainty will cause financial market in a bad situation and crypto market won't be different.

[proTECH77]

US election is at corner which all the parties are very busy with their party member to make sure they vote wisely in the up coming election. Joe Biden who is claiming that he will be the winner in up coming election and also promise all the crypto user that he will do all his possible best to make all cryptocurrencies remain active 247 in the country.
I think with this crypto Joe Biden has include in his campaign show he will surely win the US election that is next month.

[bryant.coleman]

The outcome of the presidential elections never had any impact on the exchange rate of the US Dollar. The United States Dollar is the strongest fiat currency in the world right now, and it is likely to remain at that position for the next few decades. The election of neither Trump or Biden is going to cause a change in ground situation for the cryptocurrencies.

Really? How you can said so. The United States is a big nation and any changes in the politics here have dramatic impacts on the economy in the USA. and the world economy too.

The coming President election and its uncertainty after the day 3th November, Biden or Trump will easily accept result when they are losers, won't they? The uncertainty will cause financial market in a bad situation and crypto market won't be different.

Even if Biden gets elected, most of the economic policies are going to remain the same. Even if he comes up with something new, the impact on the market won't be visible for many years. And that is about the mainstream market (stock exchanges, real estate.etc). For cryptocurrency, the policy will be the same. I don't think that Biden will try to prohibit the usage of cryptocurrency.

[acquafredda]

Even the bitcoin price seems to be waiting for the US elections outcome to start moving in one direction or the other. About policies it's hard to say what Biden's ideas are but it looks me whoever is going to win will push the throttle for CBDC and digital dollar. That's what they are doing here in Europe too.

[shoreno]

Even if Biden gets elected, most of the economic policies are going to remain the same.

that is if he wont changed it but if he changed it , it wont be the same as before . it wont be not right to change the policy according to him without thinking if what will this be the effect to others but idk if its possible for a lately elected person to be dis elected again if he show a manner like that however people wont complain but even praise him more if he change the policy for the good of all  .

I don't think that Biden will try to prohibit the usage of cryptocurrency.

i dont know the background of this guy but lets hope your thoughts were right because we all know what can happen if ever he prohibits it  .

[tranthidung]

I don't see that happening! A good percentage of American still believe that Trump's hatemongering will make their nation great again. So if Trump wins, mostly educated class people might want to jump into alternative assets like crypto or Gold or Silver just for capital protection. In that case, we may see some additional liquidity in the market which may drive the price higher. But if Joe Biden wins, Americans will hope that he will bring reformations to take the economy back on track. In that case, these additional liquidity may not flow into the crypto market. But whatever happens, it will be miniscule compared to the size of cryptocurrency market which is most unlikely to make a lasting impact.

There is uncertainly before the Election day and after it. Trump will not leave WhiteHouse immediately after the Election day and he has months to do something with his President power. Let's skip the future scenarios and do retrospective findings on how Bitcoin (in price and volume) changed before and after the Election day 4 years ago (in 2016).

I think we’ll see a pump after the election. There’s lots of uncertainty in a lot of things in the world atm, I think Trump will win & then we have a settled leader. I think we’ll reach yearly highs in December.

Price increased and volume rose too. The question is "Will the history repeat its steps?". I don't know and the conditions from SES (socialeconomic status) to public health problems and political environment in this year is very different than in 2016.

[nfsphr]

 

the world would stand still for the election of arguably the greatest Contemporary nation on earth, the United States.

exaggerate much

Predictions have been rife with many thinking the dollar would tank hours just before the elections and jump if Biden wins.

this has mostly been advertisement for different parties. each side says if they win dollar will jump and if the opposition wins the world ends

My focus is on assets like bitcoin and other crypto. Methinks bitcoin would take a moon hike as uncertain investors jump on assets not tied to any government influence(mostly, though we know there is some government effects).

bitcoin has shown that it is not affected by these things and it has proven many times that it is not even following different markets. lately people have been linking it to gold but gold has been tanking specially today while bitcoin rises. same with stock market.
election will be the same.

[Beyerd17]

If it goes like the way you think and the dollar tanks and Bitcoins rises, so what, the net effect of that would be zero.

Lets say the dollar drops 10% and Bitcoin and altcoins rise 10%, in nominal dollars you would have a net gain, but in purchasing power you would have no gain after inflation.

[bryant.coleman]

i dont know the background of this guy but lets hope your thoughts were right because we all know what can happen if ever he prohibits it  .

I am not sure about this, but as far as I know the power lies with the state government and not with the federal government. That's why states such as New York came up with regulations regarding Bitcoin and other cryptocurrencies. The American president and the federal government doesn't have much say on these rules and regulations. And that's why I said that the situation is unlikely to change after the elections.

[VUKIMTHAO]

I do not think so. I think Bitcoin has run out of momentum

[Yatsan]

We are not pretty much sure what could be the possible impact of this USA election on both US dollars and on cryptocurrency for those parties are still into promise so basically we cannot expect that much up until the election is done and we already do know who will be the elected president of the USA. Up until then, we must just stick into what is currently happening on which crypto market is still doing so good as well as the US dollar based on the price chart. Let us all see and witness what could be the possible or more likely to happen if Biden wins as the president or if ever Trump will be able to successfully defend his position as the president. No matter what the result will be, we still do not certainly know if the effect on crypto and US dollars will be a good or the other way around. Let's just wait up until the election is done.

[Adhar]

I think we’ll see a pump after the election. There’s lots of uncertainty in a lot of things in the world atm, I think Trump will win & then we have a settled leader. I think we’ll reach yearly highs in December.

i dont like trump personally & without trump it will be better for everyone. but i agree with you that after election we can see another big pump. but this time is really unexpected for crypto. thats why i converted  btc to usdt. hopefully market will be growing continue, lets see.

[Beyerd17]

I think we’ll see a pump after the election. There’s lots of uncertainty in a lot of things in the world atm, I think Trump will win & then we have a settled leader. I think we’ll reach yearly highs in December.

i dont like trump personally & without trump it will be better for everyone. but i agree with you that after election we can see another big pump. but this time is really unexpected for crypto. thats why i converted  btc to usdt. hopefully market will be growing continue, lets see.

If that is true that you converted Bitcoin to usdt, that means you have lost out on the recent rise in Bitcoin, unless you just converted/sold yesterday or today offcourse.

Still it would probably be more wise to have at least some of your funds in Bitcoin. Why, because if the rising trend continues, you won't be left at the station when Bitcoin moons.

The result of the US election could very well pump BTC.