Biden to stand down - Bitcoin betting on the 2024 US Presidential Election

[bbc.reporter]

~snip~
I disagree, Biden's ratings in the polls where much higher than 20%. I reckon they were 40% or higher, however, it was lower than 50%. The odds on Polymarket were very much similar also.

We can be quite certain that before the assassination attempt, Biden had a chance to win despite his old age and his dementia that was shown during the debate against Trump.

It is a bit strange but I've seen waves of support for one candidate or another in the mainstream media all around the world.

It seems like they are in control of someone and they are changing their mind.

Also strange is that you rarely hear anything about the actual presidential promises, you only hear about how bad the other candidate is.

I can almost guarantee that most people that will vote don't really have a clear idea of the projects that will be done in their candidate's term, but they will know that the other one is bad.

The voters already have a clear decision on who they will be voting on November. They cannot be convinced to vote for the bad candidate because they already have decided years or months before the election. However, will bitcoiners vote for Biden while they know that he will be bad for bitcoin and the cryptospace? They very much will, I reckon. They do not like this pump because it is the Trump pump. This is very headshaking behavior because these politicians do not care about you. They only serve the real rulers of the country. These real rulers are the people who own much of the wealth, who own the largest companies, who own the largest lands. They own the politicians and they own you. You have owners.

[uneng]

They do not like this pump because it is the Trump pump.

Bitcoin adopters should be careful when giving so much importance to a determined politician or celebrity regards fluctuations in Bitcoin price, because they are centralizing it around a figure of power who is only concerned about his own personal interests and profits.

I remember few years ago we also had the Elon Musk pump, when Tesla started accepting BTC as payment method, but what we saw right after was the Elon Musk dump, as he badmouthed Bitcoin usage as currency, and removed the payment feature from Tesla, crashing BTC in the sequence. Now Bitcoin enthusiasts are repeating the same story with Trump.

It's halving year and high prices were already expected even if Trump wasn't talking anything about it. Of course it's good to see BTC rising, and the support from the most powerful nation in the world is welcome. I just think Bitcoin shouldn't become an hostage.

[pinggoki]

Bitcoin adopters should be careful when giving so much importance to a determined politician or celebrity regards fluctuations in Bitcoin price, because they are centralizing it around a figure of power who is only concerned about his own personal interests and profits.

People often forget about this kind of stuff especially the part where they get too obsessed because the politician that they're looking up to are really good orators and that they keep forgetting the fact that most of the time, most of the rousing speeches are just words that are purposefully used to stoke the wrong flames in people's heart so they can get their vote.

[Julien_Olynpic]

Of course, politicians think first of all about their own benefits. After that as it became clear that cryptocurrency users represent a significant force, political strategists began to use this factor for their own purposes. The Democrats are way behind on this, and Gary Gensler is their biggest burden dragging them down. I see that now the positions of those senators who are critical of Bitcoin are very shaky and there is a high probability that voters will not support them. Trump was the first to accept donations in Bitcoin, the first to say that he would support the right of every American to self-storage cryptocurrency, and he also announced himself as a speaker at the Consensus cryptocurrency conference. Democrats, if they want to win this election, need to bet on being more accepting of cryptocurrencies.

[Timelord2067]

Breaking News:

Biden announces he will not seek re-election.

Nominates VP Harris for his candidate pick.

Who had bets on that happening?

[bbc.reporter]

They do not like this pump because it is the Trump pump.

Bitcoin adopters should be careful when giving so much importance to a determined politician or celebrity regards fluctuations in Bitcoin price, because they are centralizing it around a figure of power who is only concerned about his own personal interests and profits.

I remember few years ago we also had the Elon Musk pump, when Tesla started accepting BTC as payment method, but what we saw right after was the Elon Musk dump, as he badmouthed Bitcoin usage as currency, and removed the payment feature from Tesla, crashing BTC in the sequence. Now Bitcoin enthusiasts are repeating the same story with Trump.

It's halving year and high prices were already expected even if Trump wasn't talking anything about it. Of course it's good to see BTC rising, and the support from the most powerful nation in the world is welcome. I just think Bitcoin shouldn't become an hostage.

I very much agree. However, there is a difference between Elon and Trump. Elon was only a mascot but Trump if he keeps his promises on his administration being more accepting of bitcoin and the cryptospace, this might cause one of the biggest bull market pumps we have witnessed. Also, there will be no more uncle Gary and his crackdowns hehehehe.

@Timelord2067. Was Biden's removal from the election offered in sportsbooks? There was a prediction market of this in Polymarket and I reckon it was known already that Biden would retire because the winning prize if you bet was only very small.

[Marvelockg]

Bitcoin adopters should be careful when giving so much importance to a determined politician or celebrity regards fluctuations in Bitcoin price, because they are centralizing it around a figure of power who is only concerned about his own personal interests and profits.

People often forget about this kind of stuff especially the part where they get too obsessed because the politician that they're looking up to are really good orators and that they keep forgetting the fact that most of the time, most of the rousing speeches are just words that are purposefully used to stoke the wrong flames in people's heart so they can get their vote.

while I like trumps personality, his oratory prowess and ability to use his body language and everything around him to convince and persuade people into liking him the more could be disastrous if he brings out the political side of him. We all know how far politicians can go when they need you to give them your supports. They will say all good things about you and become suddenly too passionate about what you're doing untill it gets to you and you vote them into power and they release the demon in them. Trump has been bullish on the whole crypto stuff of recent and same has been with his view about God and somehow, they seems to be working too well for him and with Biden currently out of the way and it almost appears obvious that he's going to win in the election, let's just hope he's able to match all his long talk with the right action.

[bitgolden]

People often forget about this kind of stuff especially the part where they get too obsessed because the politician that they're looking up to are really good orators and that they keep forgetting the fact that most of the time, most of the rousing speeches are just words that are purposefully used to stoke the wrong flames in people's heart so they can get their vote.

while I like trumps personality, his oratory prowess and ability to use his body language and everything around him to convince and persuade people into liking him the more could be disastrous if he brings out the political side of him. We all know how far politicians can go when they need you to give them your supports. They will say all good things about you and become suddenly too passionate about what you're doing untill it gets to you and you vote them into power and they release the demon in them. Trump has been bullish on the whole crypto stuff of recent and same has been with his view about God and somehow, they seems to be working too well for him and with Biden currently out of the way and it almost appears obvious that he's going to win in the election, let's just hope he's able to match all his long talk with the right action.

Well when he was last president, from an outsider perspective, it looked like he didn't want to lose power and he was willing to try anything. I understand that conservatives could deny this, and I do not care since I am not American, but it did look like he was the main reason behind January six as well, because he basically kept on saying that the election was rigged and he actually won, and the position was stolen from him.

I am sorry but if you are citizens of a nation, and you elect a president, and some few powerful people stole the election from the true winner, then people will of course riot, that's how it works, democratically elected president should be the one who becomes president. So his constant crying foul, his consistent bashing of the system, and how he was the real winner, ended up making people think that election was stolen, and that is why they stormed the capital.

I believe that it is not going to be any different he gets elected again, this time he knows it's his last time, because it would be second term, so he will use his supreme court advantage to try and make it three terms, or for life, that's what I fear. Conservatives could deny this as much as they want, but project 2025 seems scary and likely to foreigners, all around the world.

[hedgeh0g]

Bitcoin adopters should be careful when giving so much importance to a determined politician or celebrity regards fluctuations in Bitcoin price, because they are centralizing it around a figure of power who is only concerned about his own personal interests and profits.

People often forget about this kind of stuff especially the part where they get too obsessed because the politician that they're looking up to are really good orators and that they keep forgetting the fact that most of the time, most of the rousing speeches are just words that are purposefully used to stoke the wrong flames in people's heart so they can get their vote.

while I like trumps personality, his oratory prowess and ability to use his body language and everything around him to convince and persuade people into liking him the more could be disastrous if he brings out the political side of him. We all know how far politicians can go when they need you to give them your supports. They will say all good things about you and become suddenly too passionate about what you're doing untill it gets to you and you vote them into power and they release the demon in them. Trump has been bullish on the whole crypto stuff of recent and same has been with his view about God and somehow, they seems to be working too well for him and with Biden currently out of the way and it almost appears obvious that he's going to win in the election, let's just hope he's able to match all his long talk with the right action.

I'm also watching the presidential race closely, but recently I remembered one thing why Trump lost. It seems that everyone began to forget that during his presidency he said all sorts of nonsense many times, this was especially noticeable when he gave interviews in the last year of his presidency. I remember this well, and then from this interview it became clear to some correspondent that this man could not be president again. But then 4 years fly by and he is very close again. Everyone has forgotten about these interviews, but you can Google them and find them, as well as all the key phrases that he said. I also remember the scandals that were associated with Trump and how secret documents and sex scandals were kept in the usual premises (although I do not consider this something serious) and much more.

I think that various interesting events have not yet ended, but last week certainly shocked many because of the events that took place.

[Timelord2067]

@Timelord2067. Was Biden's removal from the election offered in sportsbooks? There was a prediction market of this in Polymarket and I reckon it was known already that Biden would retire because the winning prize if you bet was only very small.

I'd heard four years ago that there were odds Biden would step down before the end of the four year term, but like a lot of others I overlooked putting $10 down. I think however the stipulation for payout was the VP Harris would be sworn in as President before this year's election.

I alluded to that scenario in an early post in this thread.

Something people overlook is that in four years time Trump will be OLDER than Biden is now, so IF Trump were elected, well be having the same geriatric conversation with Trump pointing at his own reflection babbling how old he is.

[Haunebu]

Something people overlook is that in four years time Trump will be OLDER than Biden is now, so IF Trump were elected, well be having the same geriatric conversation with Trump pointing at his own reflection babbling how old he is.

Many people are already discussing how big of an advantage this is for Harris since she is way, way younger than both of those oldies and she could potentially create history if she ends up becoming the next President.

Trump is still the favourite, but by a small margin thanks to Harris replacing Biden. I would place a bet on her even though she is the underdog in this case.

[Kemarit]

Something people overlook is that in four years time Trump will be OLDER than Biden is now, so IF Trump were elected, well be having the same geriatric conversation with Trump pointing at his own reflection babbling how old he is.

Many people are already discussing how big of an advantage this is for Harris since she is way, way younger than both of those oldies and she could potentially create history if she ends up becoming the next President.

Trump is still the favourite, but by a small margin thanks to Harris replacing Biden. I would place a bet on her even though she is the underdog in this case.

Still a long way to go for Harris, to overtake Trump as she has to do a lot of catching. But it's a good move by Biden, perhaps he really knows that he can't win the re-election because of his current mental state and the voters will have to go to Trump if he insists.

One advantage is that Harris has plenty of time on her side, to create a good image and perception so that voters might sway on her side weeks before the election. So let's see if she can cut the lead of Trump and make the Presidential race very exciting and yeah, why not bet for her if you like the underdog.

[Frankolala]

Something people overlook is that in four years time Trump will be OLDER than Biden is now, so IF Trump were elected, well be having the same geriatric conversation with Trump pointing at his own reflection babbling how old he is.

Many people are already discussing how big of an advantage this is for Harris since she is way, way younger than both of those oldies and she could potentially create history if she ends up becoming the next President.

Trump is still the favourite, but by a small margin thanks to Harris replacing Biden. I would place a bet on her even though she is the underdog in this case.

Still a long way to go for Harris, to overtake Trump as she has to do a lot of catching. But it's a good move by Biden, perhaps he really knows that he can't win the re-election because of his current mental state and the voters will have to go to Trump if he insists.

One advantage is that Harris has plenty of time on her side, to create a good image and perception so that voters might sway on her side weeks before the election. So let's see if she can cut the lead of Trump and make the Presidential race very exciting and yeah, why not bet for her if you like the underdog.

Harris is an underdog to Trump and it will be a shock to see her win the presidential election because Trump has more people to his side than her. It is good that Biden accepted his defeat earlier than later because it would have been a waste of time.

However, if she knows how to convince the people and bring more of them to her side it will be an advantage for her, but I think Trump is old in the game and has what it takes to keep his supporters in order for him to win the election.

[Haunebu]

One advantage is that Harris has plenty of time on her side, to create a good image and perception so that voters might sway on her side weeks before the election. So let's see if she can cut the lead of Trump and make the Presidential race very exciting and yeah, why not bet for her if you like the underdog.

She just has a couple of months which could be enough, but it would have been way better if Biden conceded way back in order to give her a lot more time to persuade voters. He only gave up now thanks to mounting pressure from Obama and other democratic members.

The botched assassination gave Trump a big fat bonus which is why it will come down to who wins in the swing states later on.

[BABY SHOES]

One advantage is that Harris has plenty of time on her side, to create a good image and perception so that voters might sway on her side weeks before the election. So let's see if she can cut the lead of Trump and make the Presidential race very exciting and yeah, why not bet for her if you like the underdog.

She just has a couple of months which could be enough, but it would have been way better if Biden conceded way back in order to give her a lot more time to persuade voters. He only gave up now thanks to mounting pressure from Obama and other democratic members.

The botched assassination gave Trump a big fat bonus which is why it will come down to who wins in the swing states later on.

With more than 3 months for Kamala to gain support again, I didn't even expect Biden to relent early but obviously the pressure is so heavy that even with the assassination incident on Trump, there are so many theories that this was planned.

Still the best chance is that Trump is getting more and more support, is this because Trump is pro bitcoin so Americans support him? Trump often talks about crypto in his speeches.

[cabron]

One advantage is that Harris has plenty of time on her side, to create a good image and perception so that voters might sway on her side weeks before the election. So let's see if she can cut the lead of Trump and make the Presidential race very exciting and yeah, why not bet for her if you like the underdog.

She just has a couple of months which could be enough, but it would have been way better if Biden conceded way back in order to give her a lot more time to persuade voters. He only gave up now thanks to mounting pressure from Obama and other democratic members.

The botched assassination gave Trump a big fat bonus which is why it will come down to who wins in the swing states later on.

I guess Trump overdid it that's why the liberals realized they are not winning and just replaced Biden. Trump shouldn't have made his rally too funny and not go up too much in the polls. Just controlling it for a bit like Joe thinks he can win and take around 45%.  I just saw Kamala's speech on the mainstream media, they really are making her the top-notch that a Hillary is nothing compared to her.

Two months of Kamala's face on national TV I think can win enough. They just have to make a huge Fly Me to the Moon kind of marketing.

[STT]

Will Harris debate Trump I wonder, now he is the oldest he might refuse to give up any advantage.  I dont think Biden should have proceeded with a debate, he was badly advised as he only had ground to lose.

What is the earliest date people can submit their vote for the election, I presume military are able to vote before the day etc.

   In most states, you do not need an excuse to vote early.

Iam surprised by that but seems quite accommodative, upto 50 days is the rough max date I find though it might be more like 2-4 weeks in most states.


It is a far shorter time left for swing votes then might appear in real working lives of the vast population who must vote.  105 days or 15 weeks equates to just 25 working days at worst for candidates to get their message across and swing the opinions of any who can be convinced to vote DEM or REP based off their character and promises of leadership.

25 days aint nothing at all to qualify for leader of the real world, its barely an introduction.  Iam taking the most extreme time scale there but I think thats fair as many people simply do not care to waste their time on politics and the opaque governmental nonsense that enshrouds promises given out.

  The message delivered has to in effect travel on foot and its such a large country, the idea of direct broadcast and we believe everything a politician says is bs; I think it community's and families who accumulate an impression and belief for each candidates manifesto.

[bbc.reporter]

@Timelord2067. Was Biden's removal from the election offered in sportsbooks? There was a prediction market of this in Polymarket and I reckon it was known already that Biden would retire because the winning prize if you bet was only very small.

I'd heard four years ago that there were odds Biden would step down before the end of the four year term, but like a lot of others I overlooked putting $10 down. I think however the stipulation for payout was the VP Harris would be sworn in as President before this year's election.

I alluded to that scenario in an early post in this thread.

Something people overlook is that in four years time Trump will be OLDER than Biden is now, so IF Trump were elected, well be having the same geriatric conversation with Trump pointing at his own reflection babbling how old he is.

On Kamala Harris being sworn to replace Biden, yes there were rumors and speculations that Biden was forced to do the debate against Trump to show everyone he is not fit anymore hehe. It was also rumored that Biden did want to go to the debate because he was not ready. He got sick some days before this and he was on medication.

On Trumps age, I very much agree that we will certainly witness the aging. Biden was a very good speaker and debater only 5 years ago. His voice was different and forceful. He also spoke with power. Presently he has now a grandpa voice.

[satscraper]

I think that was a genius plot developed by Biden's team. They have found excuse for Biden and  put  Trump under fire of Kamala Harris - the former California Attorney General who is in her prime, very cute and sharp-tongued. She will chew up and spit out that old crock of Trump.  I would bet on Kamala Harris.

[topbitcoin]

I'd heard four years ago that there were odds Biden would step down before the end of the four year term, but like a lot of others I overlooked putting $10 down. I think however the stipulation for payout was the VP Harris would be sworn in as President before this year's election.

I alluded to that scenario in an early post in this thread.

Something people overlook is that in four years time Trump will be OLDER than Biden is now, so IF Trump were elected, well be having the same geriatric conversation with Trump pointing at his own reflection babbling how old he is.

On Kamala Harris being sworn to replace Biden, yes there were rumors and speculations that Biden was forced to do the debate against Trump to show everyone he is not fit anymore hehe. It was also rumored that Biden did want to go to the debate because he was not ready. He got sick some days before this and he was on medication.

On Trumps age, I very much agree that we will certainly witness the aging. Biden was a very good speaker and debater only 5 years ago. His voice was different and forceful. He also spoke with power. Presently he has now a grandpa voice.

I don't really pay attention to the development of the competition in the presidential election in the US, but if you look at the situation that I read from several reviews it seems that there are a lot of rumors going on in the presidential election, Biden is resigning and Kamala Harris will replace him, it seems like a plan to increase Kamala Harris' electability with her status if it is done or it is just made into a conversation so that people know who Kamala Harris is, too complicated and reading in a political strategy.

But I totally agree that Biden is much older and doesn't talk as much as he did in the last election, he didn't do too much at the end of his term.

But the question is that some gambling platforms have set Biden as one of the candidates with various odds on offer, now when Biden withdraws from the nomination, what will happen to the gamblers who have bet on Biden when Biden, or is considered to have lost? or what?