Cryptocurrency: US Election 2020

[Insanerman]

The up coming election in USA is normally affect the world in economy, either in negative or positive way of the market price, which we are focusing on the cryptocurrency, is not control by any government, because cryptocurrency is a decentralized currency. Which can not be predicted at fixed amount price.

I guess you aren't comprehending the OP that well. OP tells us that the US election would have a huge impact to the crypto-space. Whomever wins the race, Bitcoin and crypto market would remain the same. It's just funny that people especially Americans think that they can manipulate the vast crypto community and its prices. Also, How can you say that the US Election affects world economy? So if my local country would have a presidential election, that means we can somehow change the economy of the world even a little? That doesn't have any proof nor whatsoever.

AFAIK, Chinese Yuan is the strongest these times. But how would that happen, there's a consensus that it's already been set for USD/BTC. In some exchanges, this isn't a problem. But pushing bitcoin to be denominated in another currency, that would be the least that I'm thinking. Although, it's a fact that you have stated that USD is getting weaker. However, we'll gonna see it recover maybe after the elections or when this pandemic ends.

Yah by strongest meaning that it was so stable ever since in many countries. Also, USD isn't really getting that weaker in the fiat aspect, but weaker in the crypto exchange. But in fact, the pandemic made a huge impact to the US economy, so with or without elections, USD will gradually recover.

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[proTECH77]

US election is approaching, many campaign is on going for the candidate of each party in the country. Trump is seriously busy to improve the economy of the country so that the citizens will support his re-election that is coming up soon.
Biden which is opposition party contesting with Trump promise the people of US if he is elected as a president of US within 24 hours he will put an end to Corona virus that is killing the citizens anyhow in the country. Biden is seriously spending dollars to the citizens to convince them to vote for him in the coming election.

I think the president of US, is well ready to produce more dollars that Will sustain the country 2020 and 2021 for the citizens not to find it difficult to make use of dollars that is be controlled by the government. Many people are worry about the dollars the government want to spend for this coming election that if care is not taking cryptocurrencies will now be the one controlling the market instead of dollars which is centralized .

[davis196]

Well, considering Trump has a particular anti-crypto stance, I think a Biden win would be a head-up for cryptocurrency

Trump isn't anti-crypto,he doesn't care about cryptocurrencies,I know that he had several statements about Bitcoin,saying that BTC has no value,because it is created "out of thin air",but despite those statements,Trump just doesn't care about cryptocurrencies.
On the other hand,there's no clear evidence that Biden is pro-crypto.
Anyway,the US presidential elections might have some positive impact over the BTC price,but the impact will be only short term.

[batang_bitcoin]

AFAIK, Chinese Yuan is the strongest these times. But how would that happen, there's a consensus that it's already been set for USD/BTC. In some exchanges, this isn't a problem. But pushing bitcoin to be denominated in another currency, that would be the least that I'm thinking. Although, it's a fact that you have stated that USD is getting weaker. However, we'll gonna see it recover maybe after the elections or when this pandemic ends.

Yah by strongest meaning that it was so stable ever since in many countries. Also, USD isn't really getting that weaker in the fiat aspect, but weaker in the crypto exchange. But in fact, the pandemic made a huge impact to the US economy, so with or without elections, USD will gradually recover.

In purchasing power, USD is no doubt becoming weaker and losing more purchasing power. If you look into the foreign exchanges, USD became cheaper because of the trade war and with the injection pump that their government just did, added flavor to the inflation which made their currency weaker. But I don't believe that it's going to last, just like the financial crisis more than decade ago, they've recovered.

[Shasha80]

I think whoever the 2020 US election winner will not affect the Bitcoin market. And there really is no connection between
the US elections and the Bitcoin movement. As we all know Trump is anti-Bitcoin, but that doesn't mean if Biden wins the
Bitcoin price will go up. But US election is possible to affect the USD rate, even if the USD goes up or down, it still can't
affect the price of Bitcoin.

[Jaered]

US election is approaching, many campaign is on going for the candidate of each party in the country. Trump is seriously busy to improve the economy of the country so that the citizens will support his re-election that is coming up soon.
Biden which is opposition party contesting with Trump promise the people of US if he is elected as a president of US within 24 hours he will put an end to Corona virus that is killing the citizens anyhow in the country. Biden is seriously spending dollars to the citizens to convince them to vote for him in the coming election.

I think the president of US, is well ready to produce more dollars that Will sustain the country 2020 and 2021 for the citizens not to find it difficult to make use of dollars that is be controlled by the government. Many people are worry about the dollars the government want to spend for this coming election that if care is not taking cryptocurrencies will now be the one controlling the market instead of dollars which is centralized .

I don't think you understand my point. I'm on about the impact of the election on bitcoin

[xanto]

The election will clearly be influencing Bitcoin price (as well as other crypto) but it'll be a short-term impact. Anyway, I'm buying as much $BTC as I can before the Day. It feels way safer.

[kentrolla]

I think whoever the 2020 US election winner will not affect the Bitcoin market. And there really is no connection between
the US elections and the Bitcoin movement. As we all know Trump is anti-Bitcoin, but that doesn't mean if Biden wins the
Bitcoin price will go up. But US election is possible to affect the USD rate, even if the USD goes up or down, it still can't
affect the price of Bitcoin.

I guess there are more chances for pump after the US election, I agree the price may not be impacted but if Trump wins this election it may lead to a stronger bull run.

If in case Biden wins there are possibilities of downfall too because of taxes and regulations on crypto. Well depending upon the outcome of election result anything is possible.

[btc78]

I think whoever the 2020 US election winner will not affect the Bitcoin market. And there really is no connection between
the US elections and the Bitcoin movement. As we all know Trump is anti-Bitcoin, but that doesn't mean if Biden wins the
Bitcoin price will go up. But US election is possible to affect the USD rate, even if the USD goes up or down, it still can't
affect the price of Bitcoin.

I guess there are more chances for pump after the US election, I agree the price may not be impacted but if Trump wins this election it may lead to a stronger bull run.

well the other says last presidential debates the price of Bitcoin goes up higher and there are also saying that it may happen now because there is a potential
 bullrun from the effect of Bitcoin halving this year.
anyway all of those are only Speculation and still future will tell what will happen.

If in case Biden wins there are possibilities of downfall too because of taxes and regulations on crypto. Well depending upon the outcome of election result anything is possible.

Is Biden pointing about putting taxes and another regulation against crypto currencies?

[FACE 2 FACE]

It seems to me that one should not rely heavily on the fact that Bitcoin will fly to the moon as a result of instability during the presidential elections in the United States. Some growth is possible, but I believe that this year, even despite the elections, the price of bitcoin will not exceed $ 16,000.

[Jaered]

Some people expect a sharp change in the price when the presidential election is held, but it seems to me that panic is more likely to occupy people's minds.

Either way, there would be a sharp bitcoin affectation, whether good or bad

[carter34]

I think whoever the 2020 US election winner will not affect the Bitcoin market. And there really is no connection between
the US elections and the Bitcoin movement. As we all know Trump is anti-Bitcoin, but that doesn't mean if Biden wins the
Bitcoin price will go up. But US election is possible to affect the USD rate, even if the USD goes up or down, it still can't
affect the price of Bitcoin.

We might be surprised that the election will come and go but no major movement of price will happen. I'm not expecting the price move as people are predicting it to be but it will be safe if we guide our investment. If I had no investment, this time I will stay off and watch.

[BrewMaster]

The election will clearly be influencing Bitcoin price (as well as other crypto) but it'll be a short-term impact.

it is very strange that you have such certainty about this! specially when nothing is certain in bitcoin market. not to mention last time there was a US election it had no effects on bitcoin price whatsoever and there is no reason why this time should be any different.

[stompix]

AFAIK, Chinese Yuan is the strongest these times.

A currency that is controlled by the state, what a surprise, a currency that goes up or down when the CCP wants so.
The moment the yuan is going to be too strong against the Euro and the $ and counting the devaluation of other countries that are starting to compete with China on exports to the western world with lower wages than them by miracle the yuan will again tumble, as they did in 2015 and in 2019. At least with other currencies, things are predictable based on what's happening in the world, with the yuan it's like trying to guess the lottery.

Either way, there would be a sharp bitcoin affectation, whether good or bad

Nothing will happen, nothing sharp and nothing dull.
Just like when Trump was elected and people thought wow, the end of the world is going to come, nuclear war, blab la bla, and in the end, nothing other than scandals really happen, not even in their own economy anything out of ordinary or a major change, why would the election affect bitcoin price? No candidate has a real agenda pro or against it, and even if they had, it's not like the president is all-mighty and can decide everything himself, assuming they will try something in both directions it will take time, a lot of time.
In terms of price change I see the election as totally uneventful and if there is going to be a move when the results are announced it will be a tiny short-lived one caused by traders speculating

[Baofeng]

Well we have to take into consideration that US is no longer the super power like 10 years ago, China has been its biggest threat and US lessens its impact on the world economy. If Trump wins, probably just the same, maybe a few pump in the price, but if Biden's win then there's a lot of uncertainty. I will leave here a quote from Theymos and what he sees:

I tend to visualize the price of Bitcoin as being composed of two components: a "digital gold" component which will behave similarly to gold, and a "risk asset" component which will behave like leveraged exposure to the S&P 500. (Neither with 100% correlation, of course, since Bitcoin is its own thing.) The gold component is maybe 20% of the price currently, while the risk-asset component is maybe 80% of the price, so the risk-asset component usually dominates.

I think that any clear resolution to the election will boost risk assets significantly in the medium-term, Bitcoin included, since one of the biggest risks will be taken out of the picture. A chaotic, disputed election outcome will probably cause risk assets including Bitcoin to crash. If chaos lasts a long time, the "digital gold" component of the Bitcoin price may start to dominate more, and this may allow its price to recover more quickly than some other assets. Long-term, a Biden presidency is probably somewhat worse for Bitcoin, since his administration will be more anti-Bitcoin and will be much more likely to put forward harmful regulations. (Not that Trump is super pro-Bitcoin or anything...) I wouldn't expect these sorts of long-term predicted effects to cause much shorter-term price action, though, other than maybe a very-short-term panic crash.

[DarkDays]

I think whoever the 2020 US election winner will not affect the Bitcoin market. And there really is no connection between
the US elections and the Bitcoin movement. As we all know Trump is anti-Bitcoin, but that doesn't mean if Biden wins the
Bitcoin price will go up. But US election is possible to affect the USD rate, even if the USD goes up or down, it still can't
affect the price of Bitcoin.

I think saying so blatantly as this that US presidential elections won't affect the price of BTC is a little understated.
Because of the mere fact that there will be this transfer of power or at least the potential of it the economy of the US will be more unstable and with so many investors relying on the USD and a large share of crypto being USD based volatility is inevitable.

Whether this is going to be upwards or downwards is still not certain but having seen how the BTC market and crypto has been lately for good reasons the former seems more likely, at least until early next year.

[batang_bitcoin]

AFAIK, Chinese Yuan is the strongest these times.

A currency that is controlled by the state, what a surprise, a currency that goes up or down when the CCP wants so.
The moment the yuan is going to be too strong against the Euro and the $ and counting the devaluation of other countries that are starting to compete with China on exports to the western world with lower wages than them by miracle the yuan will again tumble, as they did in 2015 and in 2019. At least with other currencies, things are predictable based on what's happening in the world, with the yuan it's like trying to guess the lottery.

The trade war between US and China made Yuan even stronger. During the pandemic, there were reports that China have bought a lot of stocks from the US and even in EU which gives a significance that they're in the correct position and assumption that they have the strongest currency by this time. Well, it wouldn't last, when things settle and the world goes back into normal, they'll lie-low. The pandemic made their position better than the rest of the world's strongest currencies.

[imteaz]

Well, If Trump wins the election, It also might help bitcoin to have a 2021 bull run. There are many factors involve, however as Trump favors the businessman and business, and the stock market, So It will have an impact. However personally I believe no matter what is the outcome of the elections, Bitcoin going to have a run in 2021. Let's see =)

[unusualfacts30]

regardless of who wins the election we will see more stability afterwards. Certainty is what people are hoping for during these uncertain times and anything that provides that will help the bitcoin price. Biden will provide little more certainity than trump so I do expect price to go much higher if he wins the election.

[worldofcoins]

I think whoever the 2020 US election winner will not affect the Bitcoin market. And there really is no connection between
the US elections and the Bitcoin movement. As we all know Trump is anti-Bitcoin, but that doesn't mean if Biden wins the
Bitcoin price will go up. But US election is possible to affect the USD rate, even if the USD goes up or down, it still can't
affect the price of Bitcoin.

It may be conceivable that the US market is incredibly insecure during the hour of political choice.
The ups and downs of dollars cost may profoundly impact on bitcoins market.
During this time span, the vast majority of crypto lovers put away their cash.