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Author Topic: If Donald J. Trump wins, Bitcoin will be better than fine.  (Read 294 times)
mindrust (OP)
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September 13, 2024, 05:40:34 PM
Last edit: September 13, 2024, 08:01:55 PM by mindrust
 #1

Why be fine when you can become better and finer and gooder?

If Kama wins bitcoin won't disappear that's true and it is because nobody can stop bitcoin. Even Kam can't do that. So we don't have anything to worry about.

However,

Kammie wants to tax the elite in the US and some of those elites do own crypto related businesses. These people will go away to some other country and that will increase the unemployment in the US. That's net a negative for those who work in the crypto businesses in the United States. They will lose their jobs.

Will bitcoin survive? Of course it will but lots of people will get harmed by Kommie's malignant actions.

Then there is Donald J. Trump who promises cheaper electricity. That will enable more mining related businesses in the US. More bitcoins will get minted in the US and those bitcoin farms will employ more US citizens.

Under Trump Bitcoin adoption in the US will skyrocket and that will directly affect the bitcoin prices.

The exact opposite will happen under Kommiela Harris.




https://x.com/realDonaldTrump/status/1834311432982135015

Donny is launching World Liberty Financial on Monday.

"We are leaving the outdated big banks behind." -DJT

Dayum, he will even have his own crypto company and people still say he is not pro-crypto. Damn fools these demonrats. Where is Kabala's crypto company?

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September 13, 2024, 05:51:43 PM
 #2

I know the statistics say it is true but I generally dislike statistics and do not trust them much.  Do you really think around or over 20 percent of the Americans have bought Cryptocurrencies?

I believe the percentage is unrealistically high, or maybe I am the one with an unrealistic expectation or perspective.  While I think a significant number of people would be affected by an Anti Bitcoin Government, I do not think the number would be significant enough to trigger a noticeable change in the unemployment rate or the Economy.  Particularly considering that even if over 20 percent of the Americans purchased Cryptocurrencies, that does not guarantee they are still holding on to them.  Maybe they purchased years ago and now only under 5 percent of them are still interested in them.

What is your opinion?

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mindrust (OP)
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September 13, 2024, 05:58:05 PM
 #3

I know the statistics say it is true but I generally dislike statistics and do not trust them much.  Do you really think around or over 20 percent of the Americans have bought Cryptocurrencies?

I believe the percentage is unrealistically high, or maybe I am the one with an unrealistic expectation or perspective.  While I think a significant number of people would be affected by an Anti Bitcoin Government, I do not think the number would be significant enough to trigger a noticeable change in the unemployment rate or the Economy.  Particularly considering that even if over 20 percent of the Americans purchased Cryptocurrencies, that does not guarantee they are still holding on to them.  Maybe they purchased years ago and now only under 5 percent of them are still interested in them.

What is your opinion?

You sound like a conspiracy theorist. What makes you distrust that data?

Statistics is science and I believe in science. It is sad if you ignore statistics which is pretty much mathematics.

Here is another fact for you.

We have never been to moon. It is scientifically impossible (for now at least) but people believe that we did. Huh... Maybe Elon will do something about that one.

..cryptomus..   
  
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September 13, 2024, 06:10:57 PM
 #4

Under Trump Bitcoin adoption in the US will skyrocket and that will directly affect the bitcoin prices.

The exact opposite will happen under Kommiela Harris.
None of the above mate.. the US are the people are strongly fighting against bitcoin even at their own dispensations bitcoin was and is still growing, I believe it wasn't created today and I know it wasn't fighten today as well. Whether Trump emerges or not bitcoin will be fine why because not only US are using bitcoin there are vast majority of country that are using bitcoin and if am not mistakenly they aren't holding about 30 percent total supply of bitcoin or more to affect the growth of bitcoin. Yes I know they are the mover but not anymore because bitcoin has grown so large and big with lots of branches that can never be put off or cut off so, even a Branch is being cut off doesn't mean that the entire system is being eliminated due to one single person or country. Partially it would affect the price but after some months then there will be stability in the market.

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September 13, 2024, 06:38:00 PM
Merited by philipma1957 (3)
 #5

I don't like socialists so I would never vote for Harris, but what makes you think Trump will change anything for bitcoin? I remember when he was chosen for first term people were speculating that he'll be good for bitcoin because he's a businessman and understands the market. Next thing he said he doesn't like any cryptocurrencies and supports the dollar. Then people hoped someone (slipped my mind) from his close staff would change something for bitcoin because he said he owns some, but unfortunately nothing changed apart from Trump endorsing some shitcoins.

I believe Kamala is going to be bad tech stocks, the US economy, crypto and foreign politics in general, but I doubt Trump will do anything positive for bitcoin. That whole talk about reserve currency is only to get votes.

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September 13, 2024, 06:56:18 PM
 #6

Trump hype on Bitcoin is seeming real everyday and Harris bent on opposing. Currently, I see Trump as the lesser of two evils, Harris is the worse evil and a no fan of Bitcoin, maybe for her personal interest. Bitcoin needs not much attacks at this point in time, so I'll support trump with the positive hope he'll implement what he's saying.

It's not about how many Americans have Bitcoin or are holding on to it. Bitcoin is a long term project and what happens in the future means a lot to us Bitcoin enthusiasts. If the government favors Bitcoin, more people would adopt it and the value would increase. We would all be happy, so Trump returning to power would see Bitcoins and it's mining farms in the US not disturbed at least, while we anticipated the favorable conditions he promised.

R


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September 13, 2024, 07:25:05 PM
 #7

Trump already was the president of the united states and that didn't send the bitcoin price to the moon, so what makes you feel that will happens this time?

I don't feel the bitcoin price get affected by the US politics, since Bitcoin is a global project the change in the price comes with bigger factores and isn't only about the US politics.

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September 13, 2024, 07:30:43 PM
 #8

Why be fine when you can become better and finer and gooder?

If Kama wins bitcoin won't disappear that's true and it is because nobody can stop bitcoin. Even Kam can't do that. So we don't have anything to worry about.

However,

Kammie wants to tax the elite in the US and some of those elites do own crypto related businesses. These people will go away to some other country and that will increase the unemployment in the US. That's net a negative for those who work in the crypto businesses in the United States. They will lose their jobs.

Will bitcoin survive? Of course it will but lots of people will get harmed by Kommie's malignant actions.

Then there is Donald J. Trump who promises cheaper electricity. That will enable more mining related businesses in the US. More bitcoins will get minted in the US and those bitcoin farms will employ more US citizens.

Under Trump Bitcoin adoption in the US will skyrocket and that will directly affect the bitcoin prices.

The exact opposite will happen under Kommiela Harris.

bullshit.  the all time highs for btc were all under Biden .

the worst law against btc and all crypto was signed off by trump and put into effect on jan 1 2018.

his law ended all like kind trading of crypto and now generates 200 page tax return for me and many other usa taxpayers.

fuck trump he does not give a shit about crypto.


btw this does not mean Kamala is a crypto fan either.

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September 13, 2024, 07:44:49 PM
 #9

Trump already was the president of the united states and that didn't send the bitcoin price to the moon, so what makes you feel that will happens this time?

I don't feel the bitcoin price get affected by the US politics, since Bitcoin is a global project the change in the price comes with bigger factores and isn't only about the US politics.
I agree, he was already a president, and nothing positive occurred for Bitcoin; why should it happen now? Why does it matter so much for Bitcoin who's going to be elected? Why the sudden change of heart from Trump when in 2018 he was completely against it, like @philipma1957 already mentioned? He was the one calling it a scam and a bubble, claiming that it's not money. Yet he has now incorporated it into his political approach. I don't think it matters who's elected; even if electricity prices become cheaper, it won't suddenly resort to a surge in mining farms. 

R


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September 13, 2024, 07:48:47 PM
 #10

Politics is hard to understand, so politicians should never be trusted for what they say they will do, especially when it's election time. I'm not saying Trump is a liar or that he wouldn't do what he is promising, but I'm pretty sure that he is using the name of Bitcoin and cryptocurrencies to gain more votes because he is smart, he is both a politician and a businessman, so he knows how to use certain trends and items to gain more benefit at times.

If he wins the elections becomes the president, and fulfills his promises, even if that doesn't prove to be a positive thing for the market in general, it will at least be a good thing for people in the US who are into Bitcoin and cryptocurrencies because they will have more open air to breath.

If he takes a U-turn and doesn't do anything for Bitcoin and cryptocurrencies, there is going to be a lot of backlash from people who might vote for him only because of his stance on Bitcoin and cryptocurrencies.

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September 13, 2024, 07:53:24 PM
 #11

Why be fine when you can become better and finer and gooder?

If Kama wins bitcoin won't disappear that's true and it is because nobody can stop bitcoin. Even Kam can't do that. So we don't have anything to worry about.

However,

Kammie wants to tax the elite in the US and some of those elites do own crypto related businesses. These people will go away to some other country and that will increase the unemployment in the US. That's net a negative for those who work in the crypto businesses in the United States. They will lose their jobs.

Will bitcoin survive? Of course it will but lots of people will get harmed by Kommie's malignant actions.

Then there is Donald J. Trump who promises cheaper electricity. That will enable more mining related businesses in the US. More bitcoins will get minted in the US and those bitcoin farms will employ more US citizens.

Under Trump Bitcoin adoption in the US will skyrocket and that will directly affect the bitcoin prices.

The exact opposite will happen under Kommiela Harris.

bullshit.  the all time highs for btc were all under Biden .
the worst law against btc and all crypto was signed off by trump and put into effect on jan 1 2018.
his law ended all like kind trading of crypto and now generates 200 page tax return for me and many other usa taxpayers.
fuck trump he does not give a shit about crypto.

BTC did an ATH under Trump too. What's your point?



https://x.com/realDonaldTrump/status/1834311432982135015

Donny is launching World Liberty Financial on Monday.

"We are leaving the outdated big banks behind." -DJT



Where is Kabala's crypto company?

Right, there isn't one.

..cryptomus..   
  
.
lllllllllllllllllll CRYPTO
PAYMENT GATEWAY
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September 13, 2024, 07:59:17 PM
 #12

The thing is, the administration will never let America down. People will migrate from there to other countries, which will increase unemployment. As you said, a lot of businessmen own cryptocurrency, and Kammie wants to tax the elite class more. They will find an alternative way for this, but they will never let their investors move to other countries, nor their citizens.

On the other hand, if Trump wins, it will give a lot of support to cryptocurrencies because he openly supports cryptocurrency in America. He said that if he wins, he will want the rest of Bitcoin mining in America. Furthermore, he also collects his party funds in cryptocurrency, which clearly shows Trump supporting cryptocurrency. If he wins, the Bitcoin price will definitely move because a positive sign will be shown to the miners and those who own or support it.

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September 13, 2024, 08:05:13 PM
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 #13

Nevermind who wins, US policy will not change. Bitcoin will exist as it is. Because Bitcoin just doesn't depend on the US. It's true if Trump wins, we may see a significant movement on Bitcoin, and we may see the opposite if Kam wins. Trum seems Bitcoin-friendly, and he has some plans about Bitcoin as well. That will fuel the Bitcoin price upon a Trump win. But no big change will happen even if Kam wins, because the Biden administration wasn't against Bitcoin anyway. 

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September 13, 2024, 08:25:53 PM
 #14

I know the statistics say it is true but I generally dislike statistics and do not trust them much.  Do you really think around or over 20 percent of the Americans have bought Cryptocurrencies?

I believe the percentage is unrealistically high, or maybe I am the one with an unrealistic expectation or perspective.  While I think a significant number of people would be affected by an Anti Bitcoin Government, I do not think the number would be significant enough to trigger a noticeable change in the unemployment rate or the Economy.  Particularly considering that even if over 20 percent of the Americans purchased Cryptocurrencies, that does not guarantee they are still holding on to them.  Maybe they purchased years ago and now only under 5 percent of them are still interested in them.

What is your opinion?
Her tax policy isn't just going to affect Cryptocurrency investment in the U.S but investment itself.
There would be reduction in the rate of employment specifically cause of the corporate tax
Not to mention a likelihood of a deficit GDP
So yeah it can affect the economy even if it wouldn't play much role on Bitcoin in the long run.

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September 13, 2024, 08:38:20 PM
 #15

I don't like socialists so I would never vote for Harris, but what makes you think Trump will change anything for bitcoin? I remember when he was chosen for first term people were speculating that he'll be good for bitcoin because he's a businessman and understands the market. Next thing he said he doesn't like any cryptocurrencies and supports the dollar. Then people hoped someone (slipped my mind) from his close staff would change something for bitcoin because he said he owns some, but unfortunately nothing changed apart from Trump endorsing some shitcoins.

I believe Kamala is going to be bad tech stocks, the US economy, crypto and foreign politics in general, but I doubt Trump will do anything positive for bitcoin. That whole talk about reserve currency is only to get votes.
Well, you might be right as well. If Trump performs no good with crypto in his past terms, most likely he will still carry out those rules and policies as well since Trump remains Trump, he will do everything for his own personal gains. And after the outcome of the coming election, everything will be revealed if he's been honest to the people or just giving us a good play.

It's normal for politicians to say everything we want to hear during campaign period. But what is not normal anymore is to make use of bitcoin and its community at his biggest advantage and leave bitcoin like a trash when the results come out on his favor. Just my personal thought.

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September 13, 2024, 09:19:00 PM
 #16

It doesn't matter who wins as long as what they do make crypto known by many people. Let's say that I didn't know cryptocurrency and when I saw a news or article online and it mentioned cryptocurrency like bitcoin then I would know about it. What they do is very much the same as advertising crypto to the internet. What I am hoping this time is that I hope it will have a positive impact in cryptocurrency and also having a support from a person with status.

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September 13, 2024, 10:10:25 PM
 #17

eh, the dude is a known liar so I don't trust the guy(nor is the other presidential candidate), the only reason I can think of why he started supporting Bitcoin is either he just wants votes from the crypto community or some of his big investors in the campaign want him to do it. anyway, we'll see what happens if he becomes the president.

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September 13, 2024, 10:16:43 PM
 #18

I think Trump makes it more likely that the US will put some crazy bill in place to stack BTC and send Bitcoin into a price bubble. No matter who wins though Bitcoin is an inevitable thing to exist and can’t be crushed by the ignorance of politicians. I do think things like economy will hurt individuals from stacking.

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September 13, 2024, 10:17:07 PM
 #19

Why be fine when you can become better and finer and gooder?
The election of the American Parliament has now been transformed into an international discussion of Bitcoin. Why two candidates are giving Bitcoin so much importance. But if one of Donald Trump and Kamala Harris is elected, they will definitely work for Bitcoin. Donald Trump will be positive for Bitcoin and Bitcoin will move to a better position than before. On the other hand, Kamala Harris has not been selected so far so Kamala Harris will also be positive for Bitcoin and will definitely try to get Bitcoin to a better position than before.

R


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September 13, 2024, 10:25:16 PM
 #20

Bitcoin will be fine, no matter who wins. There is a huge supply shock after the Halving and many BTCs are now lost every year as people no longer exist and many of them do not share their passphrase or keys with their family or friends. As we go more into the upcoming years, the price of BTC per USD will continue to grow. Mark my words. Or even bet if you want to.

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