American election is nothing to do with BTC

[kentrolla]

One of the famous analyst say American election is nothing to do with BTC. Well that's the spirit I would say as top rated crypto currency may not be impacted whoever wins the American election, also he says the value may go up till the end of the year. Is BTC still giving opportunity for investment? What's your thought guys.

https://www.businessinsider.in/stock-market/news/bitcoin-doesnt-care-who-wins-the-us-election-it-will-rise-in-value-regardless-of-the-outcome-a-cryptocurrency-fund-chief-says/articleshow/78968900.cms

[friends1980]

I've posted about this hardly 24 hours ago and concur: Bitcoin is a project built on libertarian ideas, so it really doesn't matter what North Korea, Iran, or the US or whatever national bank are doing. This coin was invented to survive independently from whatever "establishment", "government" or "powers" might be in charge now or in the future.

But sure, I can imagine these things might have an influence on the price, because many investors (and probably 90% of this forum's community) couldn't care less about the idea behind this project, but only care about its price going "to the moon". Therefore many of them still think in a classical way of investing fiat money in stock exchanges etc, thus buying or dumping depending on what they've heard or read on some news website.

[20kevin20]

The rising number of institutional investors leads to Bitcoin getting hit harder during top events such as American elections. IIRC, 2016's elections have had an impact over Bitcoin and precious metals too, so has Brexit. It definitely does not decide or change its fate, but it does influence prices. The fact that Bitcoin always has the halving right before elections strengthens the influence even more imo.

[ChrisPop]

I am not really up-to-date with the plans of the two candidates, but in the short-term American elections shouldn't have any direct impact on Bitcoin price.

On the other hand, any change in the politics should produce a smaller or bigger shock in the stock market, positive or negative.

[Swordsoffreedom]

Bitcoin has always been promising, Bitcoin stood proudly when the world economy collapsed in the Corona epidemic. When people around the world became unemployed after being trapped in Lock-Down, Bitcoin opened the door of investment for them. While the global epidemic has not been able to stem the growth of bitcoin, the US election is a trivial matter.

[friends1980]

Won't take long before this thread degenerates probably, but I remember the panic selling very well, when Google and Facebook announced their crypto ad boycot.

That was almost 3 years ago. And look where we are now. So again, who cares about elections. If you're a believer, HODL (and if panic selling comes anyway: buy the suckers out).

[OcTradism]

When bitcoin was crashed on March, people believed it was because of pandemic. When bitcoin rallied in V-shaped and rallied stronger than stocks, gold, people said because it was bitcoin. Pandemic is here, and it is worse than in March but bitcoin stays around $14000.

2 years ago, every news with SEC causes bitcoin crashes but months ago, SEC news did not create bitcoin falls.

US election, it is important for the world geographical-political conditions and financial markets but will it affect bitcoin? There will be people believe it and some other people don't believe it.

[AbuBhakar]

First of all how the writer of the article come up to idea that BTC is affected by US election. Election doesn't concern BTC at all and will not gonna impact its price. Why all news are being connected to BTC everytime BTC is doing a good move? Let's stop this kind shit hyping and let's just focus on how BTC being acknowledged by the whole world. If there is one thing that can give impact on election, it should be the blockchain technology and not BTC specifically. Although this kind of discussion will never end, I'm that this type of topic will be made again once BTC reach another milestone which is the 15k mark price.

[mindrust]

Wrong. American elections is everything to do with everybody whether you are American or not, or holding bitcoin or not.

It'll decide the world's destiny whether you like it or not.

Saying that the president of the worlds strongest country has no effect on anything is a bit dumb imo.

[AjithBtc]

Presidential election in USA is a much expected one. Cryptomarket isn't reactive to world market movements, and we can't conclude when the market booms and drops down. More possible chances of positive growth once after the election as prediction results are stating Joe Biden as the winner. Maybe this can be normal growth or it is the impact of the election.

[Assface16678]

I am not really up-to-date with the plans of the two candidates, but in the short-term American elections shouldn't have any direct impact on Bitcoin price.

Not directly towards Bitcoin's price. But if I read the previous articles circulating online, Trump has plans of banning use of cryptos in U. S. and if that's the case and it happen that more countries did the same thing, there will be a negative aftermath of such action in the price of Bitcoin because many people would be prohibited to make use of the opportunity of it to be profitable. That would be another 'possibility' but not until it became a reality, we will surely be the first ones to know.And if the other one supports this technology, then changes will also be observed and let us hope that it would be a better situation.

[Cryptoheavy]

Crypto adoptions is not depended from the next president. They both too old for it, sorry. Election will not affect crypto

[friends1980]

(...)
Saying that the president of the worlds strongest country has no effect on anything is a bit dumb imo.

No-one has said that.

edit:

Crypto adoptions is not depended from the next president. They both too old for it, sorry. Election will not affect crypto

Did you just claim the election will not influence Bitcoin, because the candidates are too old?

[BITCOIN4X]

Saying that the president of the worlds strongest country has no effect on anything is a bit dumb imo.

Maybe I wouldn't say that it doesn't affect anything, mate. We never even know what the winner of that election will do to crypto, especially regarding regulation. We know that the US election will have both positive and negative impact on the crypto market depending on how investor respond to the market. The price volatility will continue, but as far as I can see at the moment the price of bitcoin continues to increase. It's hard to predict what will happen next, but I hope the panic doesn't happen, it's up to who will win.

[cabron]

Thats now what they said here in the Cointelegraph article. Because Biden could be a catalyst. Bloomberg: Biden election would be good for Bitcoin, bad for DeFi  

Considering Trump had mock Bitcoin at some point so things could be different once Biden wins the race.  Whichever win though, Bitcoin is not going to die.

[Em00n01]

I think it BTC will follow the stock market at that moment. If Trump lose we may see a huge amount of sell off due to panic. On the other hand, if Trump wins stock market with BTC will skyrocket! I'm not predicting anything. This is just my thoughts and i will fully prepared myself for this.

[fiulpro]

I've posted about this hardly 24 hours ago and concur: Bitcoin is a project built on libertarian ideas, so it really doesn't matter what North Korea, Iran, or the US or whatever national bank are doing. This coin was invented to survive independently from whatever "establishment", "government" or "powers" might be in charge now or in the future.

But sure, I can imagine these things might have an influence on the price, because many investors (and probably 90% of this forum's community) couldn't care less about the idea behind this project, but only care about its price going "to the moon". Therefore many of them still think in a classical way of investing fiat money in stock exchanges etc, thus buying or dumping depending on what they've heard or read on some news website.

But despite that government does have an  influence over the price if bitcoins , the number of people that would be using it for the long term , since they can very easily ban bitcoins and which would not only decrease the market value but it would also make it harder for people to trade and even own.

Just how the Indian government banned bitcoins before and then lifted the ban , then again thinking of banning this , many governmental bodies are causing problems for the people. They usually cannot access their bank accounts if they are using bitcoins trading services and wallets.

Thus I do believe that government and the elections definitely have an influence over bitcoins , if the person who will win the elections is a pro Bitcoiner it would not only be beneficial for the people but as a whole help the crypto to grow.

So elections might help us.

They definitely cannot control the cryptocurrencies but they can limit the number of people using it.

[pixie85]

I think it BTC will follow the stock market at that moment. If Trump lose we may see a huge amount of sell off due to panic. On the other hand, if Trump wins stock market with BTC will skyrocket! I'm not predicting anything. This is just my thoughts and i will fully prepared myself for this.

They you have not seen the last week on the stock market. You are so wrong and you don't even know it


U.S. stocks fell sharply Monday as a troubling increase in coronavirus counts put investors in a selling mood. The skid came as doubts mount on Wall Street that Washington will come through with more stimulus for the economy before Election Day.
The S&P 500 slid 1.9%, its biggest single-day decline in more than a month.
https://abcnews.go.com/Politics/wireStory/us-stocks-tumble-worst-day-month-amid-virus-73840886

Meanwhile Bitcoin is setting up yearly highs  

[Brujux]

Not in the short term, but lets see what happens, because sonner or later btc needs some regulation...

[ChrisPop]

Not directly towards Bitcoin's price. But if I read the previous articles circulating online, Trump has plans of banning use of cryptos in U. S. and if that's the case and it happen that more countries did the same thing, there will be a negative aftermath of such action in the price of Bitcoin because many people would be prohibited to make use of the opportunity of it to be profitable. That would be another 'possibility' but not until it became a reality, we will surely be the first ones to know.And if the other one supports this technology, then changes will also be observed and let us hope that it would be a better situation.

I don't think Trump is going to ban Bitcoins, but everything is possible. I mean the financial infrastructure for Bitcoin is being built with the CME offering, we see USA companies taking positions and more merchants accepting it as a means of payment.

I have to research what you said about the articles circulating online. I am not aware of Trump saying that crypto banning is in his plans.