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Author Topic: Donald Trump Election win, a steps further for crypto growth?  (Read 5810 times)

Offline Bobcrypto

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Donald Trump Election win, a steps further for crypto growth?
« on: November 06, 2024, 04:20:21 PM »
As a trader, I have been following the market trends and the US election voting updates, and my observation for the past two days, has been Wonderful, the crypto market, especially Bitcoin has been reacting to the news, both negative or positive for Donald Trump and Kalama Harris performance. I must say that it was a keenly contest elections which has effected the market price to the up trends  movements especially when Donald Trump took earlier lead. Some times within this two days, the market goes down signaling a Kalama Harris's close points. It became obvious that trader are actually trading with Election results updates, and now, do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?

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Donald Trump Election win, a steps further for crypto growth?
« on: November 06, 2024, 04:20:21 PM »

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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #1 on: November 06, 2024, 04:42:56 PM »
Congratulations to Trump on his victory and his reelection back into office.
do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?
I don't know, adoption is surely going to increase, but i don't think it will be because of Trump. The POTUS has no duty to BTC, it seems people forget this. He was elected to move America forward, even if he has plans for crypto, it is not one that would change the landscape entirely for the better. BTC is decentralized and the U.S. government is centralized.

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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #1 on: November 06, 2024, 04:42:56 PM »

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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #2 on: November 06, 2024, 05:11:32 PM »
.. do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?

Cryptocurrency plays some part in his campaign, and he has a promise to fulfill. I would just let this election pass if Trump did not mention Cryptocurrency, but he did, and our curiosity and excitement awakened, and suddenly we had a glitter of hope when it was mentioned by one of the candidates of the powerful country.
If Trump really is serious in delivering his promise, it could possibly have a dramatic effect on the market for the next four years.
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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #3 on: November 06, 2024, 05:44:39 PM »
Crypto maybe, Bitcoin specifically probably not. Regardless of the pre-election promises, I do not think that any US president would support a decentralized currency at the expense of his national currency - for those with a short memory, perhaps we should go back to the period 2016-2020 when this same president said that BTC was a scam, and that he will do everything to protect the USD.

People can pretend that they have changed, but such a character like Trump can hardly go against some of his beliefs, especially if the elections are over and nobody can do anything to him for the next 4 years. Therefore, there is only one way to find out if the politician lied to get his position and power, or if this time will be different - which means that this will be 4 long years, not only for the US, but also for a good part of the world, which is not very happy that he is the president again.
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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #4 on: November 06, 2024, 06:28:53 PM »
As a trader, I have been following the market trends and the US election voting updates, and my observation for the past two days, has been Wonderful, the crypto market, especially Bitcoin has been reacting to the news, both negative or positive for Donald Trump and Kalama Harris performance. I must say that it was a keenly contest elections which has effected the market price to the up trends  movements especially when Donald Trump took earlier lead. Some times within this two days, the market goes down signaling a Kalama Harris's close points. It became obvious that trader are actually trading with Election results updates, and now, do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?
For me, Trump is actually a better choice for the future of the crypto market in the US and globally. Trump has NFTs and has used BTC in payments, which Harris has never done, which means Trump words about plans to accept BTC and crypto are more credible. I hope that Trump will do what he promised during the campaign.

Trumpwin can be considered a victory for the crypto community. The next 4 years will see many legal changes for crypto: everything will be more clearly regulated and we will be free from the fear of lawsuits. The SEC will probably have to stand back and observe the development of the crypto market instead of arbitrarily abusing its power to accuse and negatively affect the market.
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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #5 on: November 06, 2024, 06:38:26 PM »

lets wait til a video of him firing Gensler be viral on the social media. lets see whether the price of cryptocurrencies are going to the roof.  because this will reconfirm our speculation.
the price going to 75k today could be just those who panic because Trump wants to bomb Iran's Nuke sites.  ;D  an Iranian oil kingpin who would want to crosses borders will sure buy  ton of BTC in that case.

but it could be because he promised crypto in US soil that BTC will be mined in US.

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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #6 on: November 06, 2024, 06:58:32 PM »
As a trader, I have been following the market trends and the US election voting updates, and my observation for the past two days, has been Wonderful, the crypto market, especially Bitcoin has been reacting to the news, both negative or positive for Donald Trump and Kalama Harris performance. I must say that it was a keenly contest elections which has effected the market price to the up trends  movements especially when Donald Trump took earlier lead. Some times within this two days, the market goes down signaling a Kalama Harris's close points. It became obvious that trader are actually trading with Election results updates, and now, do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?
It's the people who will adopt and get awareness and take part in the growth of it. Donald Trump now have to play with these people's mind in thinking he is supporting crypto even if he is not in reality. This way he can still deliver what most of the investors want profits. They don't want an increase in awareness or adoption.

They want more profits so news will sell it and people will buy it and price will pump until things starts to become more clear for all of us. Crypto's future is bright in his presidency because more investors will invest in BTC.
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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #6 on: November 06, 2024, 06:58:32 PM »


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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #7 on: November 06, 2024, 08:01:38 PM »
As a trader, I have been following the market trends and the US election voting updates, and my observation for the past two days, has been Wonderful, the crypto market, especially Bitcoin has been reacting to the news, both negative or positive for Donald Trump and Kalama Harris performance. I must say that it was a keenly contest elections which has effected the market price to the up trends  movements especially when Donald Trump took earlier lead. Some times within this two days, the market goes down signaling a Kalama Harris's close points. It became obvious that trader are actually trading with Election results updates, and now, do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?
It's a good news hearing Donald Trump just had a successful election win, bouncing him back to the Presidential seat in the US.
To the crypto community, it is a very great news and an exciting one having seen the emergence of a crypto supporter who has even laid down promises on making developments in the US in relation to Crypto and his idea of fostering BTC mining...
His emergence to me will increase the adoption of assets (BTC) since he is a big time supporter according to his propaganda during electoral processes, if he fulfil these promises, there'll be much adoption of this asset both in the US and other countries that would like to emulate.
And this will create a positive growth in market price as it has already started.... BTC and Alts are already showing some green candles now... As the hope of seeing greater hype in price as his Presidential administration goes on...
Congratulations President Donald Trump and good luck ruling the US.
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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #8 on: November 06, 2024, 10:37:02 PM »
do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?
I will not be too quick to call it a step in the right direction, just that we expect it to. Eyes will be on him to see the progress and policies that he will make in support of cryptocurrency. Hopefully he doesn’t act the way we know politicians to do that can be very disappointing.If he does, many will not want to trust any politician that aligns with bitcoin again.
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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #9 on: November 07, 2024, 02:07:40 AM »
Well for Bitcoiners, we love to see Trump winning the election as he is a pro-crypto. But we will have to see it first, he had a lot of promise that we Bitcoiners will not forget so let's see if he is going to fulfill it or not. We can only speculate that the price of Bitcoin is going to reach 6 digit mark next year when he officially goes into office. So for now, I guess we can also call it a victory for us, could be the right direction for the US as Trump shows that he can deal with political affairs just like in his first tenure as President. As far as adoption goes, very hard to answer what will be the scenario in the next 4 years.
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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #10 on: November 07, 2024, 03:35:11 AM »
....do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?

In the past many weeks before the POTUS election, I can already sense that eventually TRUMP will win the presidency all because he is the one that clearly connects with voters unlike Harris who could not even explain her policies if there is one. Harris is very weak as she is very part and parcel of the failed Biden administration and his Bidenomics. People were so tired of all the stupid policies of the present administration and this is one big reason they shifted to Trump after all the things they threw into him and even after the two failed assassinations. Now that Trump is surely going to be the next President and is one reason why Bitcoin has reached a new ATH, we could wonder of what can be in this industry. Well, we are all hoping that Trump will revisit his plans and promises and will be a big impetus for the expanding growth. One of the big proposals is coming from Republican senator Cynthia Lummis to include BTC in the country's strategic international reserve...am hoping this can be enacted within Trump's term and this can certainly make Bitcoin go hyperactive. Of course, I am looking forward for a new SEC chairman as the current one is actually an enemy of the industry and I think he should go. Right now, we can only speculate and hope and things remains to be seen but suffice it to say that under Trump the gloom over the cryptocurrency industry is lifted a lot.







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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #11 on: November 07, 2024, 05:26:58 AM »
It became obvious that trader are actually trading with Election results updates, and now, do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?
well we would hope so because us being crypto friendly would mean a lot for the whole world

if trump doesn't follow through his promises he would disappoint a lot of people especially crypto enthusiasts who only voted for him solely because of his promises for crypto not mentioning the price increase we had reaching a new ath definitely indicating trust and confidence in trump

there is nothing we can be sure of mate he can only prove himself in these next four years or so

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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #12 on: November 07, 2024, 09:24:44 AM »
Congratulations to Trump on his victory and his reelection back into office.
do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?
I don't know, adoption is surely going to increase, but i don't think it will be because of Trump. The POTUS has no duty to BTC, it seems people forget this. He was elected to move America forward, even if he has plans for crypto, it is not one that would change the landscape entirely for the better. BTC is decentralized and the U.S. government is centralized.

Mate, there are personalities on every business sectors of the economy that can actually influence growth once they add their supports, and we had seen this on the crypto space.
Remember that few years ago, when Elon Musk joined the crypto community, he changed his bio on X platform to Bitcoin, and again to Dogecoin, and fortunately, market started pumping, especially the Dogecoin meme. Today, because of Elton Musk, meme coins has become a big investments options for many people.
Now crypto is a decentralized ecosystem but decentralization works with the community. Obviously, cryptocurrency is driven by the community, and where big personalities like Donald Trump comes in, at least, to attract more investors, even institutional investors that will boost the demand/supply, increase the community through  adoptions; creates more awareness, and improve prices, over times, we could be landing on the moon.

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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #13 on: November 07, 2024, 09:55:07 AM »
Today, because of Elton Musk, meme coins has become a big investments options for many people.

Elton Musk  ;D

No but really, this is a damning indictment on people's financial education. They have chosen to invest in coins for which there is only a 1% chance to make x1000%, while there is 99% for them to lose everything on it. And it's not like they can use the excuse "it's not taught at schools" here either, since memecoins are something you find out about on financial or crypto youtube channels, and certainly there is investment advice shared on those platforms.
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Re: Donald Trump Election win, a steps further for crypto growth?
« Reply #14 on: November 07, 2024, 11:00:46 AM »
During the previous days the price did not change by more than 15% (up or down) and therefore it is not affected by political variables, otherwise the price would have been above $80,000. Political news controls the mood of retail traders who can move the price by about 10%, but the huge liquidity did not move or interact with political news.
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MIX.NOW
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