Bitcoin Trump Bump = ~7% (womp womp)

[FortuneFollower]

I'm not saying that government holding a majority of bitcoin is a good thing but it's not necessarily a bad thing either because everything has its pros and cons. I think it's better to find ways to adapt to survive than to complain about things we can't change.

Unfortunately it's almost impossible if you want to prevent government to acquire and hold Bitcoin

You must trade Bitcoin with people who're not related to government, trade via online make us never know who're the one we trade, however trading via face to face not necessary mean we're not trade with people who work in officials.

So, it's not possible to adapt to survive, but if we trade our coins through DEX or No KYC P2P, it decrease the chance our coins will belong to them, since the government mostly use CEX specifically Coinbase.

Yeah, it's inevitable at some point, because the more BTC is adopted overall, the more bigger entities will be interested in it. And to use it and acquire it.

[fikrett]

Although US government and its decisions affect bitcoin price but the market never depended on US and that is not about to change.

I agree because Bitcoin market is globally, not nationally in a single country. But big countries like China, USA and their policy changes can have impacts on Bitcoin market and price. People on the market will react naturally to policy changes in these big countries and it won't change in future too.

In long term Bitcoin will grow more with many more new presidents in USA and their different policies on this market, but Bitcoin is unstoppable in my opinion.

The more time passes - the more countries will try to adopt the BTC and reap the benefits from it.
And it's natural - BTC becomes more and more influential in many things.

[john_egbert]

I am happy to see a President supporting Bitcoin, but could this not have grave consequences?  Even the ides itself of The United States holding a chunk of the total Bitcoin Supply is kind of creepy to me.

Do you have any way to prevent that from happening? Just like bitcoin ETFs are buying bitcoin every day and today alone Blackrock bought over $1.1 billion (14k BTC). Do you have any solutions and what should we do to stop institutions and governments from getting interested in bitcoin?
We often say bitcoin is for everyone, we are free to buy and hold bitcoin and will sell when we have enough profit. But ironically, we complain and criticize people who buy too much bitcoin. Do we have the right to do so and what guarantees that if we had a lot of money and were in their shoes, we would never be like them?

I'm not saying that government holding a majority of bitcoin is a good thing but it's not necessarily a bad thing either because everything has its pros and cons. I think it's better to find ways to adapt to survive than to complain about things we can't change.

Yep. A new reality is in place - and we should see it in full swing and reap the pros that come with it.
I do not think the current President will go and deliver on all of his promises, but some of them - maybe, maybe.

[betswift]

Accumulation phase finished and resistance must be broken for Bitcoin to break out. 8 months for accumulation phase is like enough, and Bitcoin only waits for a big news for example in this case the new President in the USA, and it's good that he said that he will support Bitcoin and cryptocurrency market.

Without Trump, Bitcoin will have other reasons to break out, so this break out days ago was not only because of Trump.

I totally agree.
It may be corrected a bit if there would be a different outcome, but if not for Trump - there would definitely be something that would change the situation in the same way.
The result is we came to the same conclusion earlier.

[Z-tight]

I hope that people understand what is realistic and what is not, i.e. believing that the U.S. will make BTC a legal tender because Trump is president is being unrealistic and a tad delusional. The U.S. with its currency as the world's reserve currency will never make another currency a legal tender, and surely not BTC.

There is only little a centralized institution can do for the benefit of a decentralized network, that should be understandable to everyone by now i guess.

[john_egbert]

I hope that people understand what is realistic and what is not, i.e. believing that the U.S. will make BTC a legal tender because Trump is president is being unrealistic and a tad delusional. The U.S. with its currency as the world's reserve currency will never make another currency a legal tender, and surely not BTC.

There is only little a centralized institution can do for the benefit of a decentralized network, that should be understandable to everyone by now i guess.

Do you think Trump saying things about making BTC "US-made" just says about his ignorance and lack of knowledge, or some other intent in place?

[Die_empty]

Do you have any way to prevent that from happening? Just like bitcoin ETFs are buying bitcoin every day and today alone Blackrock bought over $1.1 billion (14k BTC). Do you have any solutions and what should we do to stop institutions and governments from getting interested in bitcoin?
We often say bitcoin is for everyone, we are free to buy and hold bitcoin and will sell when we have enough profit. But ironically, we complain and criticize people who buy too much bitcoin. Do we have the right to do so and what guarantees that if we had a lot of money and were in their shoes, we would never be like them?

I'm not saying that government holding a majority of bitcoin is a good thing but it's not necessarily a bad thing either because everything has its pros and cons. I think it's better to find ways to adapt to survive than to complain about things we can't change.

Some people are usually skeptical of the government and big companies investing in Bitcoin for fear of manipulating the market as they want. But the truth is that you cannot stop anybody from investing in the sector. Bitcoin is gradually moving to the level where institutions will hold more coins than individuals. The price increase will benefit us, but we might not escape the influence of these big investors.        

I hope that people understand what is realistic and what is not, i.e. believing that the U.S. will make BTC a legal tender because Trump is president is being unrealistic and a tad delusional. The U.S. with its currency as the world's reserve currency will never make another currency a legal tender, and surely not BTC.

There is only little a centralized institution can do for the benefit of a decentralized network, that should be understandable to everyone by now i guess.

Trump never promised to make Bitcoin a legal tender just as in the case of El Salvador. Every President of the US will want the dollars to maintain its global dominance. And I don't also think that any government will want its financial system to be controlled by a decentralized currency. They will want to be in control and Bitcoin will not give them such priviledage.        

[fikrett]

I hope that people understand what is realistic and what is not, i.e. believing that the U.S. will make BTC a legal tender because Trump is president is being unrealistic and a tad delusional. The U.S. with its currency as the world's reserve currency will never make another currency a legal tender, and surely not BTC.

There is only little a centralized institution can do for the benefit of a decentralized network, that should be understandable to everyone by now i guess.

Trump never promised to make Bitcoin a legal tender just as in the case of El Salvador. Every President of the US will want the dollars to maintain its global dominance. And I don't also think that any government will want its financial system to be controlled by a decentralized currency. They will want to be in control and Bitcoin will not give them such priviledage.        

They will - maybe - create reserves of BTC, and of course - it's all promises, not actions in place.
We would be able to judge it only in the months or even years to come.

[Ambatman]

Bitcoin rise 500% is Bitcoin been Bitcoin and has nothing to do with Biden
The situation of the nation then made many realised the beauty of Bitcoin.

I agree because Bitcoin market is globally, not nationally in a single country. But big countries like China, USA and their policy changes can have impacts on Bitcoin market and price. People on the market will react naturally to policy changes in these big countries and it won't change in future too.

Bitcoin exist in an environment, definitely it's price would be affected by changes in policy that affect the environment
But Bitcoin doesn't depend on any country to grow or survive.
If it did, it wouldn't had been called decentralized.

In addition he has already launched his own crypto platform with his 3 sons, afaik he has 5 childrenin total but his 2 other children are his daughters actually.

Personally consider this a red flag.

[betswift]

Bitcoin rise 500% is Bitcoin been Bitcoin and has nothing to do with Biden

In addition he has already launched his own crypto platform with his 3 sons, afaik he has 5 childrenin total but his 2 other children are his daughters actually.

Personally consider this a red flag.

Especially knowing how that story went.. 

[fikrett]

Bitcoin rise 500% is Bitcoin been Bitcoin and has nothing to do with Biden
The situation of the nation then made many realised the beauty of Bitcoin.

I agree because Bitcoin market is globally, not nationally in a single country. But big countries like China, USA and their policy changes can have impacts on Bitcoin market and price. People on the market will react naturally to policy changes in these big countries and it won't change in future too.

Bitcoin exist in an environment, definitely it's price would be affected by changes in policy that affect the environment
But Bitcoin doesn't depend on any country to grow or survive.
If it did, it wouldn't had been called decentralized.

Yep - it's just the fact that politics and other factors influence BTC in small and not so much ways - and as time goes on, more and more levers will be put onto it, and may others would use it for their campaigns to get some votes / etc.

[hd49728]

I think stop attributing it to Trump is better.

People can expect many policies with Trump but he has only four years with us as a President from 2025 to 2029, not more according to Constitution of the USA. Attributing Bitcoin rise, I say rise, not bump because Bitcoin is not a pump and dump coin, to Trump is not too accurate. If we do this, it is like saying Bitcoin falls because of China and their policies switching on and off for Bitcoin.

It's short term and Bitcoin is strong with organic growth so that in long term, it has been rising since 2009, no matter who are Presidents of USA and whatever policies from China.

[avikz]

I hope that people understand what is realistic and what is not, i.e. believing that the U.S. will make BTC a legal tender because Trump is president is being unrealistic and a tad delusional. The U.S. with its currency as the world's reserve currency will never make another currency a legal tender, and surely not BTC.

There is only little a centralized institution can do for the benefit of a decentralized network, that should be understandable to everyone by now i guess.

Absolutely! Us is not going to make cryptocurrency a legal tender. If they do, they will be creating another competitor for their own centralised currency. So I don't see a lot changing in terms of regulations.

But what could happen is, Donald Trump can stop regulatory actions against the cryptocurrency companies in US. That might help the industry flourishing without the fear of getting legal punishment. This can change for better understanding Trump!

[Rikafip]

Do you think Trump saying things about making BTC "US-made" just says about his ignorance and lack of knowledge, or some other intent in place?

Trump said bunch of stupid/crazy shit, and imho that's just one of them.

I think stop attributing it to Trump is better.

While its true that bitcoin will (probably) keep going up no matter who US president is, it would b pretty ignroant to say that this recent pump and new ATH wasn't caused by TRump winning this elections, given his pro-bitcoin stance (even though its probably just bs). I mean, we would (most likely) get new ath if Kamala won, it would just happen a little bit later.

[Agbe]

I don't how it was but the involvement of Donald Trump in Bitcoin in his campaign train and other supporters in the US election boosted Bitcoin price more higher in the period and after the election we can all see that the price has hit it all time high again of $76+k and after the swearing in of Donald Trump then we will see the new price of Bitcoin. But all what I am concerned is the return of mixers. I don't know if he will allow that or not. Joe Biden first 2 years in the office, the price of bills was low and it was when campaign started and Trump started to accept Bitcoin then the price change.

[Upgrade00]

How I see it, the impact Trump will have in the crypto market price was exaggerated and so was the impact the talk of being pro-crypto had on the election outcome. There was a lot more that influenced the decision of over 70 million Americans to vote for Trump beyond him wanting to be accepting towards digital currencies.

My expectations is that the whole discussions on crypto will fizzle out eventually, except there is a big negative law that the Trump administration passes to limit bitcoin growth. If he just allows it to thrive as naturally as it has been, the crypto community should be satisfied.

[Z-tight]

But all what I am concerned is the return of mixers. I don't know if he will allow that or not.

Take note that BTC mixers is not banned in the U.S., at least there is no official law declaring them illegal, the only thing is simply that the government is attacking them and accusing them of money laundering and terrorism financing, that is why they are seizing them and shutting them down. You don't expect a centralized government to support privacy or anything that allows people to hide their finances from them, do you?

[hd49728]

Take note that BTC mixers is not banned in the U.S., at least there is no official law declaring them illegal, the only thing is simply that the government is attacking them and accusing them of money laundering and terrorism financing, that is why they are seizing them and shutting them down. You don't expect a centralized government to support privacy or anything that allows people to hide their finances from them, do you?

The USA and Europe are where you have biggest risk of operating a mixer / tumbler service. I don't know about their official law and as far as I know, there are no official law of absolute ban against mixers.

The forum operates in the USA and if there was such official law ban on mixers, it has not allowed mixer advertisements for many years since a latest shut down against mixer advertisement months ago.

Mixers are allowed but if your mixer platform is used by criminals for money laundering, you as a mixer founder, operator will be imprisoned. So the law application is very risky for mixer founders/ operators because they can be sent to jailed anytime.

Are crypto mixers legal?
U.S. sanctions crypto mixer Sinbad.io for role in North Korean laundering activities

[Z-tight]

Mixers are allowed but if your mixer platform is used by criminals for money laundering, you as a mixer founder, operator will be imprisoned. So the law application is very risky for mixer founders/ operators because they can be sent to jailed anytime.

There is no way mixing services would know who uses their services and for what reason, mixers are meant to offer privacy to their customers, so they would defeat their purpose if they start seeking the origin of coins that are to be mixed.

Mixers are just tools, like every other tool out there that can be exploited by bad actors, and that is why i think the government is attacking them in order to indirectly attack BTC.

[legiteum]

Mixers are just tools, like every other tool out there that can be exploited by bad actors, and that is why i think the government is attacking them in order to indirectly attack BTC.

But you can use Bitcoin just fine without a mixer. At least 99.9% of people who buy and sell Bitcoin don't use a mixer.

It's like saying that banning the use of radar detectors is the government's secret way of attacking cars.