American election is nothing to do with BTC

[pixie85]

I agree with the idea to some extent. I wouldn't say that elections cannot influence the price because we don't know what to expect from Biden regarding cryptocurrencies.

If Trump wins he won't go against it but I wouldn't expect any big positive decisions from him either. He's a strong supporter of the dollar.

At the same time US citizens think everything revolves around them and crypto investors are waiting for their election results. In reality Obama did nothing for crypto, Trump did nothing for crypto, if Biden wins he'll continue the tradition.

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[OcTradism]

I agree with the idea to some extent. I wouldn't say that elections cannot influence the price because we don't know what to expect from Biden regarding cryptocurrencies.

If Trump wins he won't go against it but I wouldn't expect any big positive decisions from him either. He's a strong supporter of the dollar.

At the same time US citizens think everything revolves around them and crypto investors are waiting for their election results. In reality Obama did nothing for crypto, Trump did nothing for crypto, if Biden wins he'll continue the tradition.

If they ban crypto, they will lift their bans later. Do you remember the pump from the East, with Xi from China. It is crazy to see people talked about bitcoin, crypto bans in China in 2017, and 2018 then in 2019, Xi suddenly pumped it. Tbh, I did not believe China actually ban bitcoin or crypto in any days of 2017 or 2018. Manipulation took advantage of myth of policies in China and created FUD with China apperance in stories.

At good time, news are used to pump Bitcoin with the apperance of China and Xi.

[Ryker1]

Well, we can say that the American election has nothing to do with bitcoins but we must bear in mind investors especially the whales can make changes on their mind on where and when they will pull out their investment in bitcoin considering bitcoin is a safe haven, -- though if there will be changes on the US government and these whales would like to support the newly elected leaders then they might think to pull out their investment in bitcoins and bring it back to fiat again to show support if the candidate will be elected. In that sense, it will have a big impact on the price of bitcoin which we may not be expected if we don't look at it in many aspects. We had different assumptions about this upcoming US election and let's do hope it will have positive results on bitcoin price.

[friends1980]

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

Why?

Why would a project that works perfectly for over 10 years, "sooner or later need some regulation"?

Don't just post statements on these boards without any solid arguments.

[bitcoin8341]

 If we have a clear winner and an easy transition of power, I do not see much of an impact on the price per Bitcoin, I'm hoping it's bullish but we must pay attention to current price action as well.

[bitbunnny]

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

Why?

Why would a project that works perfectly for over 10 years, "sooner or later need some regulation"?

Don't just post statements on these boards without any solid arguments.

Well, I have to say that I agree Bitcoin needs regulation and here are the reason. If we want mass adoption and acceptance by business on a larger scale, if we want Bitcoin to be the part of financial system and people have confidence in it and that they are protected in case of misuse then we need regulation and legal security
If nothing of these is necessary for Bitcoin then things can remain the same as they are now.
But of course anything of these isn't connected to US elections.

[kryptqnick]

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

Well, I don't know what's driving the price up so much, but Bitcoin costs quite a lot right now, and the election is going to be very soon. I don't know if it's because of the US election or not, but it seems that Bitcoin could rise due to FOMO. As for the US Bitcoin policy, I don't think it will change if Biden wins the elections. Both Trump and Biden are quite old, rich and people who benefited from the traditional system. So I don't think the election is going to change anything in practice, but the hype or uncertainty surrounding it can push the price back and forth.

[Leviathan.007]

Bitcoin has it own independent market and since it's decentralized this can't not be related to any government and election no matter of the country. But, this effected holders and investors mentally after the us election started. Since Donald Trump is a great real estate and stocks investor and business man not choosing trump will give a bad effect for the stocks market and since there is a little confusing relation between s&p 500 and bitcoin.

[MCobian]

I agree that American election has nothing to do with Bitcoin, so whoever wins will not affect Bitcoin's price.
But American election affects the world economy, because the policies made by American leaders will affect
the economy. Moreover, US Dollar is used for international trade, so there will definitely be an effect on the
world economy.

[JohnBitCo]

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.

US election will have impact on the overall financial market. For those who want to invest in BTC, this may be one last chance for them to buy the bitcoin if its dump during or right after the election results. Once the elections are over, the market will recover and i am hopeful that bitcoin may touch all time high in december this year.

[bryant.coleman]

The outcome of the POTUS 2020 elections will not have any direct impact on cryptocurrencies. But there can be indirect impact. Joe Biden has already stated that he will increase the taxes. This can have a major impact on those who invest in Bitcoins. Especially those who get the advantage of lower taxer for long-term capital gains tax. Biden has specifically targeted the long-term capital gains tax.

[Casdinyard]

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.

 Once the elections are over, the market will recover and i am hopeful that bitcoin may touch all time high in december this year.

Why and for what reason the market price will recover due to the election?

Trump is eyeing to ban use of cryptos in U. S.
Biden has plans which will somewhat indirectly affect Bitcoin and other cryptos. Not sure but I've heard it has something to do with taxes. And if that's the case, since cryptos are mostly decentralized, many people by chance, would more likely move into such technology to avoid taxation if the increase will not be tolerable. But I am not saying these possibilities are already certain. Things might still change once things come to its place and and the only thing we can do now is to wait for things to happen.

[piebeyb]

I would prefer that yesterday's bitcoin halving which affected bitcoin prices will probably continue until next year, once again I say it has nothing to do with elections or other, just pay attention to bitcoin prices for the next year and other cryptocurrencies

[buwaytress]

Bitcoin has it own independent market and since it's decentralized this can't not be related to any government and election no matter of the country. But, this effected holders and investors mentally after the us election started. Since Donald Trump is a great real estate and stocks investor and business man not choosing trump will give a bad effect for the stocks market and since there is a little confusing relation between s&p 500 and bitcoin.

If the market participants are still like the network participants (that is, mainly based in North America), then of course this psychological effect trickles down to Bitcoin. People invest and trade with money they have or they think they have, and those who aren't users/holders speculate as much as they would other markets. You bet if they buy up stocks, they also do Bitcoin, and vice versa. Correlation is pretty apparent in short and medium term, but Bitcoin is annual/long-term up, that's the thing to remember.

[supine]

I don't know why people would connect the american election with the crypto price at all I don't see any connection between the two of them.
Unless we as crypto owners would be moved by the words of others opinion but for me I don't even care whatever they say and do.
If you believe in crypto then it is all that you need to do,Don't let the words/opinion of other sways you.

[coolcoinz]

I don't know why people would connect the american election with the crypto price at all I don't see any connection between the two of them.
Unless we as crypto owners would be moved by the words of others opinion but for me I don't even care whatever they say and do.
If you believe in crypto then it is all that you need to do,Don't let the words/opinion of other sways you.

If you lived in the US and saw BTC rising a week before elections when at the same time every news channel is full of news about candidates you'd feel like there's a connection. It's that easy! Election is the biggest news in the US right now and at the same time Bitcoin is undergoing the biggest pump of the year. Are they right? It's hard to say , I don't feel like the election made Bitcoin pump. It sure made stocks dump...

[Becky666]

Let be frank with ourselves for once, American election should have major impact on Bitcoin price, reason be that, the stock market crashed during the pandemic took Bitcoin unaware, what i mean is: if the American election will have either positive or negative impact on stock market(which will definitely have) then why not Bitcoin?. In history, American election usually have impact on metals, stocks and those will in-turn have impact on Bitcoin. We should stop and have a brake in making Bitcoin a SuperMan.

[acdc]

The US election will somehow affect the crypto market.
The US is the largest country in the world and it affects every market in the world and the cryptocurrency market is no exception.
This election will affect the US policy towards China, these two countries are the two leading countries in the world so it will greatly affect the financial market.

[Poker Player]

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.

This.

It is naive to think that the price of bitcoin will not be affected by the election, using arguments based on our ideals.

The price can be affected by any event of certain relevance, as it happens in the stock market. And in fact, until very recently bitcoin has been related to the S&P 500.

[CODE200]

The US election will somehow affect the crypto market.
The US is the largest country in the world and it affects every market in the world and the cryptocurrency market is no exception.
This election will affect the US policy towards China, these two countries are the two leading countries in the world so it will greatly affect the financial market.

The world market will be more likely to be affected but I doubt this industry would also be, unless there will be actions directly with this technology. This industry is somewhat separated with the world market due to its nature of decentalization perhaps. The only scenario wherein this industry could be affected is if the elected leader would make actions regarding cryptocurrencies whether prohobition or support. But if its mainly in the world economy, that would be another story.