American election is nothing to do with BTC

[sheenshane]

Possible there is.

As we can see, the US presidential election has always had an effect on all markets, stock, or even crypto markets.  However, once the election is done then there could possibly an impact on the Bitcoin price when the newly elected already takes place.  Since investors have the right to pull out their investment at any time they want we're not even sure if some or most of us here did invest in Bitcoin for they don't trust the current government for all we know this is one of the best investment to keep our assets.

But we can't guarantee if these investors will change their minds pulling out their investments if there will also be a change in the leadership of the US government to show support for their candidate.  And we can't also ignore the fact that after the election if there will be changes in the government there could also be changes in how the US will take Bitcoin and possibly lead into adoption which we all aim for.

We don't know if Biden will replace Trump and Biden will adopt and allow using crypto in the US.  If so, this is a big boom to the Bitcoin price.

[AakZaki]

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.

You're right about that, any event that has some or much connection with bitcoin will affect its price. Moreover, As is a large country that will affect the world economy when there is an event.

but the effect on BTC will not be felt because bitcoin has an independent market and is not regulated by anyone. Bitcoin is moving because there are buyers and sellers who start to panic at all kinds of positive and negative news.

[Asuspawer09]

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

I guess I'm gonna agree with that, I don't think that the election is gonna affect the market price of bitcoin at all.

But at some point, I think there are still some factors that could affect something or we could say cannot affect bitcoin market price directly but still affects it. Also, we know that there are so many factors that are affecting the market price of bitcoin in the market.

The election might also affect the USD price but at the same time very small chances of affecting the market price of bitcoin depending on who wins the election.

[BuNga_cute]

I am among those who believe American election will have an effect on the price of Bitcoin, because there must be investors who are
affected by the election results, there could be panic selling. Sometimes Bitcoin is affected by big events, so don't be too sure Bitcoin is
not affected by the American election. Whether true or not the Bitcoin price is affected by the American election, I believe Bitcoin can
survive any situation. Including the current pandemic situation that is bad for other markets, but not for Bitcoin. So whatever the results of
the American election, we still believe that Bitcoin will continue to rise in price and bring profit to its holders.

[wack slacker]

The US election may involve Bitcoin as it will affect the movement of money. It will likely affect Bitcoin more or less in some way. The financial world is still often dominated by political news like this.
Bitcoin fell to as low as $ 13100 today, I guess the main reason leading to the decline is the impending US election.

[Boov]

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

I guess I'm gonna agree with that, I don't think that the election is gonna affect the market price of bitcoin at all.

But at some point, I think there are still some factors that could affect something or we could say cannot affect bitcoin market price directly but still affects it. Also, we know that there are so many factors that are affecting the market price of bitcoin in the market.

The election might also affect the USD price but at the same time very small chances of affecting the market price of bitcoin depending on who wins the election.

I am being torn between agreeing to the point that US election may not affect bitcoin or it may affect bitcoin. I am thinking that maybe bitcoin could also be used as election fund of a candidate during its candidacy period so from here we can surely say that this may greatly affect bitcoin. But also i am thinking if this possibility were already crossed the mind of the candidates, but i bet yes since US as far as i know were open to this kind of currency and this was a good indication if ever.

[lifeforcepools]

I also believe that the election can't really affect the price of Bitcoin in any way. But many people think otherwise.

[YOSHIE]

Is BTC still giving opportunity for investment? What's your thought guys.

Of course BTC is very worth investing in.

Bitcoin was created 'not' for America only, Bitcoin is used for mankind all over the world, you remember what happened in Iran a few months ago and also the war in Turkey America vs Iran, many say Bitcoin is like that, in fact, Bitcoin remains where it was.

It's the same history Bitcoin pros and cons, even though the election in America is going on, I agree, Bitcoin remains at its stand, buying and selling.

[Golftech]

I also believe that the election can't really affect the price of Bitcoin in any way. But many people think otherwise.

They are just riding with the trend, it's just speculations that traders wants to drive the value to the directions they wanted to bring, but there's no real association with the current US election. The market for crypto is not tied with US alone there are many factors why the value moves, you really needed to assess by yourself to avoid making mistake in choosing your position.

[Serious475]

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

I don't think that american election doesn't have business with bitcoin because if one american president candidate says about adoption of bitcoin, bitcoin users in america will surely vote for him because it is a good opportunity for all of us and america is one of the biggest country and if it adopts the bitcoin, other country will surely adopt bitcoin because they will think that even the greatest country manage to adopt the bitcoin why wouldn't they?

[grabpopcorn536]

The US election may involve Bitcoin as it will affect the movement of money. It will likely affect Bitcoin more or less in some way. The financial world is still often dominated by political news like this.
Bitcoin fell to as low as $ 13100 today, I guess the main reason leading to the decline is the impending US election.

Maybe, the money flows from one market to another and we don't know exactly how they are moving. The US election result is likely to affect the world economic situation and affect Bitcoin. Recently, the charts of Gold, stocks, and Bitcoin have similarities in rising and falling in price at some point.

Particularly, the Bitcoin issue today may be due to Houbi's FUD when the COO was arrested by the Chinese police to investigate.
https://twitter.com/WuBlockchain/status/1323249335249809410

[Vishnu.Reang]

The US election may involve Bitcoin as it will affect the movement of money. It will likely affect Bitcoin more or less in some way. The financial world is still often dominated by political news like this.
Bitcoin fell to as low as $ 13100 today, I guess the main reason leading to the decline is the impending US election.

Well.. I just checked the exchange rate on Bitstamp, and it is showing $13,519 per coin. These temporary spikes and dips are not unusual with Bitcoin, and I don't think that they have anything to do with the presidential election. You need to accept the fact that the long term trends look positive. During the last two months, the prices have increased from $10,300 to $13,500. It will continue to move upward, irrespective of who wins the election.

[EdenHazard]

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.

Nothing and noone can even completely ban bitcoin , trump several times make a cynical statement about bitcoin but instead makes bitcoin looks bad .. those statements makes bitcoin even stronger, thanks to trump's free endorsement.
He is not directly stated has a special plan for bitcoin but he has bad point of view about bitcoin which could leads to a specific policy in the future just about the cryptocurrency thing. He can do it anytime.

Here's the thing , when the candidate publicly stated that bitcoin / cryptocurrency are on top list on their initiatives, the world could reacted positively/negatively depends on what they are planning specifically. Especially the libra project that has been rejected could be running again.

[dunfida]

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.

Nothing and noone can even completely ban bitcoin , trump several times make a cynical statement about bitcoin but instead makes bitcoin looks bad .. those statements makes bitcoin even stronger, thanks to trump's free endorsement.
He is not directly stated has a special plan for bitcoin but he has bad point of view about bitcoin which could leads to a specific policy in the future just about the cryptocurrency thing. He can do it anytime.

Here's the thing , when the candidate publicly stated that bitcoin / cryptocurrency are on top list on their initiatives, the world could reacted positively/negatively depends on what they are planning specifically. Especially the libra project that has been rejected could be running again.

When people are on the position specially on the top spot will really have significant effect unto something that had it mentioned. Even majority been saying here that
it isnt totally irrelevant or has nothing to do with bitcoin but we cant deny that it may give effects but no one can point out which way precisely.
When it comes to fundamentals then theres no doubt that it might or might not able to affect the crypto market but we know that it is really that prone
nor always have the chance neither it would just simply ignore or neither go up or down.

[CryptopreneurBrainboss]

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.

I think he just isn't been realistic, one way or the other the maket will be influence by the outcome of the election. I know we all what a market that'll be independent and not get influence by every events by the government but that's impossible at rge moment since the industry is yet to mature. Currently we have many novice in their numbers in the market and since they're yet to take control over their emotions, their panic will be felt.

Also it seems the market is already declining as whales and regular traders are setting up position to benefit them when the dumb or slight correction occurs. On the long run though the outcome of the election won't have any effect on the market as the trend has been bullish from the on set.

Bitcoin is still giving us investment opportunity regularly as it's still the best bet against the economy and fiat system. Irrespective of how the market moves as a result of the election, the opportunity will still be there either to buy more or take profit.

[DrG]

You know there's going to be a large quantitative easing if one of the candidates gets put in office. Reich, Bernanke, Krugman are all pushing for it to help "ease the burden of covid" lol. Place your bets accordingly, but a bunch of freshly minted valueless fiat may be digitally running to your local bank at near 0% interest rates.

Many outside the US may not give a rats ass about the US but if their government is holding USD then their government will care 

I'll let you guys figure out what QE420 will do to BTC price.

[wack slacker]

The US election may involve Bitcoin as it will affect the movement of money. It will likely affect Bitcoin more or less in some way. The financial world is still often dominated by political news like this.
Bitcoin fell to as low as $ 13100 today, I guess the main reason leading to the decline is the impending US election.

Well.. I just checked the exchange rate on Bitstamp, and it is showing $13,519 per coin. These temporary spikes and dips are not unusual with Bitcoin, and I don't think that they have anything to do with the presidential election. You need to accept the fact that the long term trends look positive. During the last two months, the prices have increased from $10,300 to $13,500. It will continue to move upward, irrespective of who wins the election.

Right after the election is over, businesses and investors will regulate their cash flow according to the plans they had previously set up. Now I see signs of a gradual inflow of money back into the market. The new president's first task inevitably is to formulate policies for economic recovery. As in previous pre-election times, Bitcoin is facing a strong breakout, I think this time will not be different from the previous one.

[Em00n01]

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  

Generally it's follow the stock market but not always. May be you forgot about the last covid wave! Anyway, i'm still in USDT. Will convert it to crypto after the election result. Let's see what happens.

[bryant.coleman]

Well.. as of now it looks as if Biden will be the president (and may be replaced by Kamala within the next 6-7 months). One of my concerns is that he may raise the taxes. I am particularly concerned with his plans to raise the capital gains tax. This is going to be a devastating blow to those who invested in cryptocurrency. Fortunately it looks as if GOP will retain the senate majority. So raising the taxes may not be that easy for Biden.

[JuSayCo]

I agree with it. US elections has a huge impact in the whole world, whichever between Republican or Democratic Party may won. However, I strongly believe that it won't affect the movements of Bitcoin in the digital market. Because Bitcoins movement cannot be controlled by anyone. I have faith that the price will continue to go up throughout this year. But still, we cannot really predict everything...we better see what will happens next.