Did Trump - Harris debate really affect Bitcoin's price?

[EluguHcman]

Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

The speculations about Trump's political News affairs having effects on Bitcoin price is being too tedious for me to agree and even those acclaimed crypto sites that spreads these News has not been able to technically back this claims on how Donald Trumps Singlehandedly has been able to influence the price of a global digital currency as Bitcoin.

But if you ask me, I would say... That I am beginning to be convinced that truly, Trumps political media awarenesses really do have the influence.

[iv4n]

We have had countless similar discussions over the years... how much politics affects Bitcoin and the crypto world. US, China, Russia, Europe, etc... it doesn't matter which country we are talking about, the bottom line is the same, Bitcoin and the crypto world have their own path. When everyone thought that due to some changes in the countries mentioned above, prices would start to fall, the opposite happened, prices started to rise. Vice versa, when we thought they were going to grow, they fell... can we draw any conclusion from that?

The parties in power and the politicians who lead them think only of their own interests, we must not forget that. They don't care about crypto and all of us, they only think about themselves.

What time has shown so far is that Bitcoin and crypto are thriving, no matter what they all say and do. If the actions of politicians have any effect at all on crypto as a whole, it is all short-term.

[Yaunfitda]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

It's really hard to see whether it was one of the factors that really push the market to $58k price point that we are seeing. There are members who said that Trump might have lost that debate and that Harris won as we can see that there is a shift in the odds. But if Trump, a pro crypto or avid Bitcoin enthusiast, lost then why is the price going up? It should be the other way around? So as much as I believed before that Trump could win and it could be good for crypto in general? I might have my doubts right now. So we will see how big this price rally because of the so called result of the debate will be. It could be just another trap or could be catching a falling knife scenario for traders. So we should still be careful of what we are seeing because of the politics in the US.

[TravelMug]

Personally, I don't think so either. The bitcoin price movement since the debate is within the normal volatility of bitcoin, so it doesn't seem at all likely. What are we to think? That as a result of the debate the price has remained more or less the same?

As far as I know, there was a jump after the debate that's why there are members who are asking it is really affected the price because we are not in the $58k region. The week before the news of the debate, we are slowly going on a downward spiral, and could be hitting <$50k, until it just hold on that price.

And obviously, after the debate, we have seen the price slowly getting up and we can attribute it to the debate itself in my opinion. I think investors are waiting for that one positive news. Of course, every rally we look for certain news that have impacted the price in a positive way. So we might consider this for now, unless someone has a better explanation of the boost in price in the last 48 hours.

[Fortify]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

Everyone is always trying to link events to price moves in cryptocurrency but the reality is that there are just too many variables to accurately calculate. There have been extreme instances, like a big exchange getting hacked or when bitcoin ETF's were announced, where the timing is too coincidental to be anything else, but it's rare that more mundane events like a presidential debate is likely to have a strong effect. It's more likely to be economic related news that causes it to bounce or drop, so try to see past the politics unless a candidate says something specifically referencing crypto. The fact that the jobs market and the inflation rate in the US are stabilizing is likely fueling this latest rise.

[o48o]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

People who thought that debate would be relevant to the price probably panic sold when Trump went full trump in debate.

But truth is that no one knew how the outcome of the would affect to price, because no matter what happens, USA or trump doesn't control the price of the bitcoin. There have been several other issues in the world affecting into the price way more radically.

There have been way more radical price drops without clear understanding why those happened at the time. People can only speculate and they almost every time predict it wrong. Like the fact that it's supposed to be new gold, yet it drops in value when stocks drop. And other thing is, bitcoin is way more relevant to bitcoiners then rest of the world. Yet it seems we think that everything revolves around this, because this is "tech of the future". I mean it's neat tech, and sending value in a decentralized way is cool. But it's not changing everything and most people in the world don't even want to know about this.

[Cryptomultiplier]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

Everyone is always trying to link events to price moves in cryptocurrency but the reality is that there are just too many variables to accurately calculate. There have been extreme instances, like a big exchange getting hacked or when bitcoin ETF's were announced, where the timing is too coincidental to be anything else, but it's rare that more mundane events like a presidential debate is likely to have a strong effect. It's more likely to be economic related news that causes it to bounce or drop, so try to see past the politics unless a candidate says something specifically referencing crypto. The fact that the jobs market and the inflation rate in the US are stabilizing is likely fueling this latest rise.

I wouldn't be surprised if the campaign had a contributory effect on the price of Bitcoin currently because Trump is an advocate for the use of Bitcoin and cryptocurrencies foremostly because he accepts donations via crypto currency for his campaigns and his audience either have crypto currency holdings or investment or farms that mine crypto, that is as a result of cryptocurrency growth and future acceptance.
The price currently could also as rightfully said be a result of many other factors, but one thing to note is that, any serious investor would buy the dip, ignore the fomo and know how to cast their votes for the right candidate at the right time.

[Hazink]

I just don't know why people give so much Bitcoin credit to Trump, like since he started running his presidential campaign, literally almost any statement that he makes or debates in respect to Bitcoin, the news will either carry it that it will impact Bitcoin negatively or positively.
 
Trump is just a US presidential aspirant, and his words have little to no action on the price of bitcoin as it stands now. That's what I believe; unless he finally wins the election and is to sit on that, that's only when I might give his speech a second lesson.

[Ambatman]

Many blogs can use anything to bait viewers.
Yes it did have a little slide down cause of the news since many believe that Trump would be a better option for cryptocurrency
So him under-performing affected some confidence
And the rise is most likely as a result of ECB cutting interest rate by 0.25%
Which may set a precedence for fed rate cut
Thus making Bitcoin an attractive asset to invest in
I think some individuals are already buying in anticipation to September 17th.


Don't believe everything you see on blogs.
Research and make clarifications first
The forum do help with that.

[serjent05]

I think the debate is not dedicated for Bitcoin so why does it affects Bitcoin?  It is more focus on economy, policies, education, they simply talk about Bitcoin on how they can take advantage of the booming industry, so I think it is more on how to regulate Bitcoin to benefit the US.

Price may react but I do not think that it would be that great to make a huge impact on the Bitcoin market trade.  The debate is all about how to get vote not about how to adopt Bitcoin, IMO.

[mirakal]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

I’d say if there’s an effect, it’s just a minor one. Price swings are pretty normal in crypto. If we really want to prove there’s an effect, we’d need to see a significant price jump or drop. Speculation is all it is right now, and people have different takes on that. I think we’ll see a bigger movement in price once the election winner is announced. That’s something to watch, because if Trump wins, it's predicted Bitcoin might pump. That sounds more likely compared to just a debate result affecting it.

True. Who would have thought that a single debate poll will affect bitcoin price, but I still believe it's more of a price fluctuations rather than giving all the credit to the result of the debate. Even if Trump wins on a debate, the effect would still be a minor one. Not a single debate will be able to manipulate the price of bitcoin, but if ever there is, probably more of a coincidence or let's just say a bigger reason is actually coming on its way. It takes days or a week before we'll realize it.

[asriloni]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.

Harris has ruined Trump's day in their last debate. But that news was fake.

In fact, in my opinion, BTC was green due to the positive outcome from S&P 500



BTC is tied to it.

Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.

I think that's not true. But the result from the debate was impacting MAGA token a lot. MAGA is tied to Trump's performance in his campaign.

Is this true or do crypto news websites use this debate as a clickbait?

It's true. Crypto news websites used it as clickbait to get more visitors.

[Marvell1]

I think the debate is not dedicated for Bitcoin so why does it affects Bitcoin?  It is more focus on economy, policies, education, they simply talk about Bitcoin on how they can take advantage of the booming industry, so I think it is more on how to regulate Bitcoin to benefit the US.

Price may react but I do not think that it would be that great to make a huge impact on the Bitcoin market trade.  The debate is all about how to get vote not about how to adopt Bitcoin, IMO.

If anyone spent time watching the debate, they would know that neither candidate mentioned bitcoin even once, how can they say that their debate could impact the market? The outcome of the election and who wins will affect the markets in some way, either positively or negatively, but that doesn't mean every piece of news about the election will impact the markets.

What I see is that we are becoming more and more sensitive to news, which inadvertently becomes a weakness and a loophole for market makers to exploit. It will be easier for them to manipulate the market the more we rely on news to predict the market. Bitcoin price volatiles are just movements based on supply and demand, we don't need to be too sensitive and think that Bitcoin only volatile based on news.

[Stepstowealth]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.

I think for the past couple of weeks and months the value of bitcoin has been fluctuating within a range, going up and coming down. I would not tag the recent movement of bitcoin to be only as a result of the election debate between Trump and Kamala Harris. People who see the election as a reason may just be looking for any reason to believe that the outcome of the election will somehow have a huge significance on the market.
Maybe we are getting our hopes too high again looking at the election of the United States as a next big thing to influence bitcoin price, I don't think people should expect so much because too much expectation usually comes with disappointment when things do not happen as you expect. As an investor plan to invest for the long term.

[pooya87]

I don't think we can categorize any price change below 30% to be any kind of "effect". So far the only price change we've seen in the market has been 2-3% which is nothing by bitcoin market standards. Not to mention that on a bigger picture, ever since September 7 price has been pretty much rising from $52000 to the current $59000.

[philipma1957]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

Stop these fucking threads that Trump is good for BTC.

He passed a bill that sucked bigly dec 2017 which set up the the 2018 dump.

Trump good for BTC is fucking bullshit.

This is not to say that Harris is good for BTC.

It is very simple that Trump fucked btc with his law he signed which started in Jan 2018.

His fucking law makes me do 200 page tax returns for well under 100k in income.

Fuck trump = good for btc.

rant over


BY the way trump and vance are both against eating pussy in Ohio so I have my doubts they stand a chance in that state.

[DubemIfedigbo001]

Bitcoin was created in January 2009, and so far it has grown with three different Presidents in the USA: Obama, Trump and Biden. We will have a same President Trump back to the White House or a new one Harris, but whoever a next President of the USA. Bitcoin will continue to move strongly to future. Presidents can change, policies can change but Bitcoin blockchain is unstoppable and with many big advantages it provides, Bitcoin adoption will continue its parabolic growth.

Next four years in 2028, we will have a similar question, will a next President affect Bitcoin market?

The way they project the next president of united states as though it's the president of the world or the next president of Bitcoin annoys me to the bones, I know that America is a big player in Bitcoin, but it doesn't even have up to 3% of it's total supply or thereabout, they hold only about 215,000 BTC and what's the fuzz about?. There are other big time players in the world, so many other countries who holds Bitcoin and more are adopting it, so the next president of America has little or no impact on the precious coin. The propaganda around this election and how it affects Bitcoin is becoming so unnecessary and disturbing.

Like you rightfully said, many presidents have come and Bitcoin outlived them, more would come and it would still survive.

Let's be clear here, Bitcoin is owned by no one, not even America, so it would still exist and progress void of American support if that's the worst case scenario. While we hope for a president that gives Bitcoin more favorable grounds to thrive in his country,  we've to stop tying the progress of Bitcoin to a nation's democratic process alone.

[shield132]

Stop these fucking threads that Trump is good for BTC.

He passed a bill that sucked bigly dec 2017 which set up the the 2018 dump.

Trump good for BTC is fucking bullshit.

I don't say anything. If you read my posts, you can see that I have never said that Trump is good for Bitcoin. Both, Trump and Harris care only about their election results, political power and money. Besides that, nothing matters to them. Will there be a boost to Bitcoin's price if Trump wins? I think yes, there will be a boost because as I read everywhere, for some reason, people expect that his influence on crypto and the stock market will be very positive. Still, Bitcoin will experience a bull run anyway because we are in a post-halving period and it's expected that the bull run will start this winter.

I also want to quote you this post of mine -

Trump isn't going to do anything good for the crypto community. If you read his statements, it's clear that he is against the philosophy of Satoshi and Bitcoin.

I don't know why you express negative mood in my threads.

[Mpamaegbu]

Trump is just a US presidential aspirant, and his words have little to no action on the price of bitcoin as it stands now. That's what I believe; unless he finally wins the election and is to sit on that, that's only when I might give his speech a second lesson.

I believe you know the extent of what any presidential election in the US means to the world and that's why whatever frontrunners say, in a way, also impacts the globe. Even before winning this election (hopefully, he does) whatever Trump's comments are on cryptocurrency will shape the way certain investors throw around their money on it. For now, his body language is suggestive of his backing. Quite alright, he may not be sitting in the White House now but that doesn't deminish his impact. Some people may even gauge his perspective on this from the angle of him being an astute businessman and not necessarily as a political figure.

[Huppercase]

Yesterday Bitcoin's price was a little down and I was reading on many websites that it was caused because of the Trump-Harris debate. Today as we see, Bitcon's price is up and reached 58K USD but today also crypto news websites publish that the reason behind crypto price recovery is the result of Trump-Harris debate where Harris won in many polls.
Do you also think that this is true? The crypto community expects a positive impact from Trump and since Trump lost, if the debate was the reason for the price dip yesterday, then it shouldn't be up today because Harris won the poll.
Is this true or do crypto news websites use this debate as a clickbait?

I think on this date Fed announce the new inflation rate and that was why Bitcoin dump and pump again and this is not the first time Bitcoin has reacted to Fed news. There is also CPI news that is been announced a once monthly about consumer price index and it does affect the Bitcoin price and not really the presidential debate. What happen must have been a coincidence and perhaps the speculators too, they used it to create some move but it wasn't significant.

This debate thing is useless in my opinion, two individuals with personal beef and their respective party come and say things that are inconsequential just to win the heart of the public and when voted for in the office, they act like they didn't go though all this talk. Sometimes I think politicians are just the same group of people with different individual goals, they will never do what they promise the people, both Kamala and Trump had the opportunity to do the things they promised and they are now begging for another term.