Is this the Donald Trump effect?

[bayu7adi]

Sure, the price will go up at that time and now the price of all cryptocurrencies has gone up, starting from all Meme coins and followed by Solana coins, Polygon etc. This effect is felt very strongly and I feel something different from before, with a very centralized system like this, Donald Trump's support for cryptocurrency has proven to be very effective until it goes up.

Centralized? Is this something that everyone, especially the cryptocurrency community, expects? It is true that rising prices sometimes give us pleasure, but it cannot happen forever... and if this is the impact of a centralized system, then does this really eliminate the decentralized nature of cryptocurrency?

I am wondering, does this pleasure have a good impact on the future of cryptocurrency, or does it only make us happy in the short term?

[TomPluz]

A lot of Bitcoin investors at the moment are very cautious of their next move because they believe that Bitcoin price might go down significantly any moment from now.

All because we already understand well the cycle of Bitcoin...after the bull there will always be the bear. What we can not predict accurately is how long will each phase will last and how far high or far low the prices of Bitcoin will go. Right now, while everyone can be excited to see BTC almost getting there on the $100K mark there seems to be a pause at the $98K level...and if days can come on this zone there can be some correction to happen. However, I am still believing that there can be more energy left within Bitcoin this period so towards the end of the month or early December there can be some impetus to climb over the $100K fence, finally. Now, this is just my speculative takeaway.

[densus88]

A lot of Bitcoin investors at the moment are very cautious of their next move because they believe that Bitcoin price might go down significantly any moment from now.

All because we already understand well the cycle of Bitcoin...after the bull there will always be the bear. What we can not predict accurately is how long will each phase will last and how far high or far low the prices of Bitcoin will go. Right now, while everyone can be excited to see BTC almost getting there on the $100K mark there seems to be a pause at the $98K level...and if days can come on this zone there can be some correction to happen. However, I am still believing that there can be more energy left within Bitcoin this period so towards the end of the month or early December there can be some impetus to climb over the $100K fence, finally. Now, this is just my speculative takeaway.

The possibility of a price of $100K could be reached by the end of this month or maybe next month before the year ends. because it seems that bitcoin is still strong and the potential to touch $100K is only a little bit away, the current price of bitcoin is $98K so it is approaching $100K. We just have to wait a few days, it will be exceeded or we will see a correction because every possibility will exist in the world of crypto currency. The effect of Trump's victory makes bitcoin stronger and we will see bitcoin will be more expensive after Trump becomes US president in January next year.

[Gurujebs]

Signs of Bitcoin price increase to $100k are increasingly visible, a few minutes ago Bitcoin price managed to reach $99k. There are only a few walls that need to be broken through and I am sure this is very easy to do, considering Trump's support continues until he is inaugurated as president. With market conditions that currently have full support, managing the assets we have is very important because this is the moment where our decisions are proven to be accurate.

We are msot likely not going to break that soon, that $100k is a psychological level that I think will take alot of time and it will also serve as a support for the market when it's making a correction downward unless we want to have a free fall to the market. It's only altcoins that run up without thinking of doing price action for traders to know what next on the market.

We have to wait by January to see what they are going to say about the promises that was given earlier on and another thing is that my mind is saying they will likely want to give a tight regulations that will not be favorable for crypto investors, the government likes to take you know.

[kai]

Sure, the price will go up at that time and now the price of all cryptocurrencies has gone up, starting from all Meme coins and followed by Solana coins, Polygon etc. This effect is felt very strongly and I feel something different from before, with a very centralized system like this, Donald Trump's support for cryptocurrency has proven to be very effective until it goes up.

Centralized? Is this something that everyone, especially the cryptocurrency community, expects?

Yes, it is centralized, what I mean by centralized is the command from Trump. The command from Donald Trump is centralized because, as the saying goes, Donald Trump has power in America so that every time he says something, everyone becomes FOMO, including making statements about supporting cryptocurrency so that the price goes up.

It is true that rising prices sometimes give us pleasure, but it cannot happen forever... and if this is the impact of a centralized system, then does this really eliminate the decentralized nature of cryptocurrency?

No, I don't want a centralized system of cryptocurrency because I prefer decentralized cryptocurrency. As far as I know, USDT is a centralized system and USDT is a stable coin. If we have USDT in an erc20 wallet, our wallet can be frozen by Paolo Arduino at any time, this is very dangerous.

I am wondering, does this pleasure have a good impact on the future of cryptocurrency, or does it only make us happy in the short term?

I want something like this is for the short term because it can provide price increases and decreases in cryptocurrency. In short, we as members who are experienced in cryptocurrency should be able to take moments like this to Take Profit. You are right, this is a good short term because as far as I know, after there is an increase in cryptocurrency, there must be a decrease in price.

[Vx1]

Is it true that this moment will see the price of Bitcoin skyrocket, it is worth waiting a little longer actually. Currently in the market the price of Bitcoin has reached $97k, and this is the highest price for now. It seems like I will add to my BTC portfolio again, I am sure that at the time of Donald Trump's inauguration the price of BITCOIN will pump again. But I will wait for the price of BTC to drop first before buying.

We have already seen the Bitcoin price skyrocketing. Now, it looks like Bitcoin begins to drop or will be in a sideway time. Today, Bitcoin dropped to $95,788. It is the sign that we probably won't see Bitcoin price $100k in the next few days. It is okay if you want to add your Bitcoin asset, but I prefer to focus on altcoins. I see we are heading altcoins season, I prepare some of potential altcoins. However, it is not bad if you want to focus in Bitcoin. I also think Bitcoin will increase higher in the time of Trump's inauguration.

Actually, if we want to focus on Altcoin, it's okay, in fact, Altcoin has more choices until we are confused about which one to choose. If we have a lot of Altcoins, of course, the potential to get bigger profits during the Altcoin season later, as long as we can choose which Altcoin will pump high.
The price of Bitcoin has indeed corrected a little, but this is not a problem. We will see the price of BITCOIN pumping again in the near future, be sure that reaching a price of $ 100k is not impossible to achieve this year.

[JISAN]

The price of Bitcoin has indeed corrected a little, but this is fine. We will see the price of BITCOIN pumping again soon, be sure that reaching a price of $100k is not impossible to achieve this year.

The news and the situation that I saw about the Bitcoin price having corrected slightly is correct, but if Donald Trump had not been elected, would we have seen such a Bitcoin market like this? Was Donald Trump's pre-election campaign the only hand behind the pumping of Bitcoin prices? These questions arise when I look at the Bitcoin market.

Regardless of whether the Bitcoin price is pumping or dumping, it will soon touch the milestone of 100k. The way the Bitcoin price was pumping, it was close to touching the milestone. Of course, it will touch the milestone very soon. Many have made statements about it being impossible, but with the passage of time, the market situation has changed. I hope it will become possible very soon.

[Hisbullah]

Is it true that this moment will see the price of Bitcoin skyrocket, it is worth waiting a little longer actually. Currently in the market the price of Bitcoin has reached $97k, and this is the highest price for now. It seems like I will add to my BTC portfolio again, I am sure that at the time of Donald Trump's inauguration the price of BITCOIN will pump again. But I will wait for the price of BTC to drop first before buying.

We have already seen the Bitcoin price skyrocketing. Now, it looks like Bitcoin begins to drop or will be in a sideway time. Today, Bitcoin dropped to $95,788. It is the sign that we probably won't see Bitcoin price $100k in the next few days. It is okay if you want to add your Bitcoin asset, but I prefer to focus on altcoins. I see we are heading altcoins season, I prepare some of potential altcoins. However, it is not bad if you want to focus in Bitcoin. I also think Bitcoin will increase higher in the time of Trump's inauguration.

Actually, if we want to focus on Altcoin, it's okay, in fact, Altcoin has more choices until we are confused about which one to choose. If we have a lot of Altcoins, of course, the potential to get bigger profits during the Altcoin season later, as long as we can choose which Altcoin will pump high.
The price of Bitcoin has indeed corrected a little, but this is not a problem. We will see the price of BITCOIN pumping again in the near future, be sure that reaching a price of $ 100k is not impossible to achieve this year.

I also think the same, when it's time for correction we buy potential altcoins, if confused about which altcoin to choose? buy the top altcoins that are still far from ATH so that we still have the opportunity to profit from buying altcoins when the crypto market is correcting.
Bitcoin is currently down to $92K and you should prepare your capital to buy some potential altcoins.

[Mr. Magkaisa]

Is it true that this moment will see the price of Bitcoin skyrocket, it is worth waiting a little longer actually. Currently in the market the price of Bitcoin has reached $97k, and this is the highest price for now. It seems like I will add to my BTC portfolio again, I am sure that at the time of Donald Trump's inauguration the price of BITCOIN will pump again. But I will wait for the price of BTC to drop first before buying.

We have already seen the Bitcoin price skyrocketing. Now, it looks like Bitcoin begins to drop or will be in a sideway time. Today, Bitcoin dropped to $95,788. It is the sign that we probably won't see Bitcoin price $100k in the next few days. It is okay if you want to add your Bitcoin asset, but I prefer to focus on altcoins. I see we are heading altcoins season, I prepare some of potential altcoins. However, it is not bad if you want to focus in Bitcoin. I also think Bitcoin will increase higher in the time of Trump's inauguration.

Actually, if we want to focus on Altcoin, it's okay, in fact, Altcoin has more choices until we are confused about which one to choose. If we have a lot of Altcoins, of course, the potential to get bigger profits during the Altcoin season later, as long as we can choose which Altcoin will pump high.
The price of Bitcoin has indeed corrected a little, but this is not a problem. We will see the price of BITCOIN pumping again in the near future, be sure that reaching a price of $ 100k is not impossible to achieve this year.

            -     I agree with what you say that there are more opportunities in altcoins and there are high chances that we will even get a big profit in the future, because bitcoin is a given, you can really get a profit there either long or short-term.

But it is easier to get big earnings in altcoins, but we must know how to choose the right crypto assets that we will buy and hold in the future to obtain a profit in the end.

[Baofeng]

We just had the first correction after almost touching $100k when Trump wins the US election.

Although him winning has a positive effect like this news,

https://cointelegraph.com/news/brazil-congress-consider-bitcoin-reserve-hedge-against-global-risks

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets.

The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.

So this is one positive effect for now and maybe there are another countries that might go as well because of Trump considering this for USA.

[gunhell16]

We just had the first correction after almost touching $100k when Trump wins the US election.

Although him winning has a positive effect like this news,

https://cointelegraph.com/news/brazil-congress-consider-bitcoin-reserve-hedge-against-global-risks

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets.

The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.

So this is one positive effect for now and maybe there are another countries that might go as well because of Trump considering this for USA.

That's good news dude, if only all the congresses in all the countries around the world had that kind of mindset, the price of bitcoin would surely skyrocket in this bull run we are facing now. It's just that the majority of countries are still not open to these concepts regarding blockchain technology or Bitcoin.

I am amazed by that country's positive outlook on the bitcoin industry that we are part of. I hope that by doing that, other governments in the country will also be open to what we are doing now in the field of crypto space.

[enwi]

We just had the first correction after almost touching $100k when Trump wins the US election.

Although him winning has a positive effect like this news,

https://cointelegraph.com/news/brazil-congress-consider-bitcoin-reserve-hedge-against-global-risks

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets.

The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.

So this is one positive effect for now and maybe there are another countries that might go as well because of Trump considering this for USA.

That's good news dude, if only all the congresses in all the countries around the world had that kind of mindset, the price of bitcoin would surely skyrocket in this bull run we are facing now. It's just that the majority of countries are still not open to these concepts regarding blockchain technology or Bitcoin.

I am amazed by that country's positive outlook on the bitcoin industry that we are part of. I hope that by doing that, other governments in the country will also be open to what we are doing now in the field of crypto space.

Somehow, positive movements in supporting Bitcoin and everything involved in blockchain in the country is indeed a hope for the better future of the industry. That is why, if similar activities are repeated by other countries, one can expect much wider application and nearly unlimited opportunities for further development. A common example of this includes the propensity for each regional district to have its individual priorities ad issues that may slow this process down. But there is positive example of international organisations that are still trying their best to create technology-based solutions for different industries that may be an encouraging factor for the other governments to be more permissive to innovations in the sphere of cryptocurrencies.

[Baofeng]

We just had the first correction after almost touching $100k when Trump wins the US election.

Although him winning has a positive effect like this news,

https://cointelegraph.com/news/brazil-congress-consider-bitcoin-reserve-hedge-against-global-risks

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets.

The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.

So this is one positive effect for now and maybe there are another countries that might go as well because of Trump considering this for USA.

That's good news dude, if only all the congresses in all the countries around the world had that kind of mindset, the price of bitcoin would surely skyrocket in this bull run we are facing now. It's just that the majority of countries are still not open to these concepts regarding blockchain technology or Bitcoin.

I am amazed by that country's positive outlook on the bitcoin industry that we are part of. I hope that by doing that, other governments in the country will also be open to what we are doing now in the field of crypto space.

Right, if they only new how Bitcoin could really change the country or their government, they might choose to used it as a national reserved and see how it goes. We have seen it already with El Salvador, and hopefully, Brazil too if this is going to be approved by their Congress.

Of course, there are risk involved as well as after this bull run, we could be seeing the worst of the bear market. But they really have to just hold and not just or sell their Bitcoin and continue to what we do, accumulate during bear market.

[JISAN]

We just had the first correction after almost touching $100k when Trump wins the US election.

Although him winning has a positive effect like this news,

https://cointelegraph.com/news/brazil-congress-consider-bitcoin-reserve-hedge-against-global-risks

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets.

The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.

So this is one positive effect for now and maybe there are another countries that might go as well because of Trump considering this for USA.

That's good news dude, if only all the congresses in all the countries around the world had that kind of mindset, the price of bitcoin would surely skyrocket in this bull run we are facing now. It's just that the majority of countries are still not open to these concepts regarding blockchain technology or Bitcoin.

I am amazed by that country's positive outlook on the bitcoin industry that we are part of. I hope that by doing that, other governments in the country will also be open to what we are doing now in the field of crypto space.

If so, this is good news for us because we wanted Bitcoin to be legalized in all countries of the world. We can take some positive ideas from the positive aspects that have been seen after Donald Trump won the election. Since it has been discussed in a country like Brazil, it is expected that other countries will also have positive discussions about it and do something to legalize Bitcoin.

When we see something like this being discussed about the legalization of Bitcoin, it feels perfect, and I am thrilled. If we move forward in line with the modern world and if Bitcoin is legalized, we can expect our lives to move forward and become easier. If the crypto space is opened, then we will be able to do something independently with crypto.

[satpol_PP]

If so, this is good news for us because we wanted Bitcoin to be legalized in all countries of the world. We can take some positive ideas from the positive aspects that have been seen after Donald Trump won the election. Since it has been discussed in a country like Brazil, it is expected that other countries will also have positive discussions about it and do something to legalize Bitcoin.

When we see something like this being discussed about the legalization of Bitcoin, it feels perfect, and I am thrilled. If we move forward in line with the modern world and if Bitcoin is legalized, we can expect our lives to move forward and become easier. If the crypto space is opened, then we will be able to do something independently with crypto.

It seems that trump's statement that will support bitcoin makes other countries start to think, discuss and learn about crypto. because crypto should be legalized and can be accepted as a payment method with various risks that must be taken by its users. because crypto is very volatile, but if it is already popular and has many users, it is likely that crypto will start to be relatively stable in price.