us election How the US Election Could Influence Bitcoin Prices !

[Emma William 2399]

How the US Election Could Influence Bitcoin Prices

We all know that the American elections have approached!
November 3 is the date for the American elections!
But will the US elections have a role in affecting the price of digital currencies, especially Bitcoin?
 

What happened to the Bitcoin price in 2016?
When the current US President Donald Trump won, we all noticed a rise in the price of Bitcoin from $ 709 to the price of 736%, and this is a good rise!

In your opinion, do you encourage buying Bitcoin now? Or is it a risk?

Note: Some informtaion taken from: https://coinmarketcap.com/

[Ridam 7455]

Right now, stock is having bad times because of Elections news and we know about the dollar inflanation day by day.

Personally I think Bitcoin isn't following the stock market which it used to do lastly.

That's why during and before election, I see no effect of the election on Crypto Market particularly.

But after the election if next president of US makes some symbolic decision regarding Crypto Market or Bitcoin, then the price will get affected either positively or badly according to the decision.

[Emma William 2399]

Just now, usamah said:

  According to my belief, the importance of the American elections lies in the cryptocurrencies of the person who will become president of the United States of America
Will this person and his oath influence his decisions on cryptocurrencies or not?
I believe that this is the main reason why cryptocurrencies are affected by the US elections
Will this character take decisions affecting cryptocurrencies or not, all of this affects cryptocurrencies

I think both presidents are not interested in the cryptocurrency project!
Or it could be that the interest is behind the scenes because they cannot express it!
Because this will greatly affect the economy of the United States of America! Because we know that many Americans are waiting for any statement about the digital currency project in order to invest their money in this project!
Thus, this will lead to the exchange of the American dollar for Bitcoin, for example! Which leads to a drop in the dollar price!

[BrolySSJ 7899]

I think that buying bitcoin now is a mistake. In my opinion, the recent uncertainty in the US has resulted in there being a weakening of the us dollar value and therefore with the lower value, the bitcoin price increases. As we all know, the primary way of putting together the price of bitcoin or expressing it is in dollars, so when the dollar is weak, the price goes up and when the dollar is strong the price will come down. In my opinion, with Biden's win, it is likely to encourage inter country relationships, which will strengthen the dollar in forging these relationships. This will reduce the price of bitcoin. I think now is actually a better time to sell rather than buy. 

[Emma William 2399]

On 11/11/2020 at 2:08 PM, BrolySSJ said:

I think that buying bitcoin now is a mistake. In my opinion, the recent uncertainty in the US has resulted in there being a weakening of the us dollar value and therefore with the lower value, the bitcoin price increases. As we all know, the primary way of putting together the price of bitcoin or expressing it is in dollars, so when the dollar is weak, the price goes up and when the dollar is strong the price will come down. In my opinion, with Biden's win, it is likely to encourage inter country relationships, which will strengthen the dollar in forging these relationships. This will reduce the price of bitcoin. I think now is actually a better time to sell rather than buy. 

Yes, definitely buying bitcoins from this region is very risky! Buying bitcoins from higher ground is indeed dangerous and we could incur very high losses due to this decision!
I think that the impact of the American elections on Bitcoin and on cryptocurrencies has not yet appeared because we also know that the new president will not reach the presidency until the first month of the year 2021

[Sykkuno 2887]

I remember reading from Trump supporters how it was important to have Trump president again to see good price for Bitcoin and that without Trump the crypto markets will collapse. What a fud. It was strange listening to them and of course some people will say anything to shill what they are paid to do. Bitcoin did not care about any president and has its own course for price and adoption.

[scofield64 943]

In my opinion buying bitcoin now for investment is a wrong step because the price is high. The only way when US election can influence the price  bitcoin is when the elected president is in support of cryptocurrency. 

[Husnyjaf 1784]

On 11/1/2020 at 9:49 AM, Emma William said:

How the US Election Could Influence Bitcoin Prices

We all know that the American elections have approached!
November 3 is the date for the American elections!
But will the US elections have a role in affecting the price of digital currencies, especially Bitcoin?
 

What happened to the Bitcoin price in 2016?
When the current US President Donald Trump won, we all noticed a rise in the price of Bitcoin from $ 709 to the price of 736%, and this is a good rise!

In your opinion, do you encourage buying Bitcoin now? Or is it a risk?

Note: Some informtaion taken from: https://coinmarketcap.com/

Well its depends just because the previous election had a good impact on the price of bitcoin was good dosnt mean this years ele ton may have same impact on it also. Their are some things that may give that rise in the price of bit on then. Same thing may lead to the increase or another thing may happen that may lead to decrease in the price too.

[Moaz 7239]

I think that the American elections had a positive effect on the price of bitcoin, as its price was shortly before the elections ranging between $ 13,500 and $ 14,000, and during the election period, the price of Bitcoin rose significantly and exceeded $ 15,000, and this was normal because of this important event in USA.

[bogdanoff 3173]

After the elections Bitcoin price was still on the rise and made new highs for days. It has stopped for a few days now and I think it will retest resistance that is now moved to 16250. It is a good sign that there was no big drop and this means that there is big support waiting to buy any dip. Bears are nowhere and I think that we will be slowly moving to a new all time high in December. The elections did not matter at all for Bitcoin.

[yonkii 3205]

It seems that all the fears about the markets were unfounded and Bitcoin reacted great with a push into new yearly highs and now is at $16,000. I don't know if the elections helped Bitcoin or not but the support for this coin will not drop lower because of any result the US elections had.

[Syedbesharat 5423]

The price of BTC start increasing before the final election day and many people think it's Trump activity. I also think it's pumping for gaining crypto supporters. But that's not going on, BTC is still gaining support and breakthrough from $16K price. Which shows it does have any link with U. S election. But could be effected selected President after the election. 

[MuhammadSh 3067]

I have noticed that bitcoin is trying to be away from international accidents like this and trying to be independent! of course there were some affects on the whole international financial system but they weren't as most of people predicted! some of people said that there would be a financial collapse and the prices of most of the cryptocurrencies would affected heavily.. but they were wrong and i think that there would be many changes in the behavior of bitcoin's prices in the near future..

[Khan 1414]

On 11/1/2020 at 8:08 PM, usamah said:

  According to my belief, the importance of the American elections lies in the cryptocurrencies of the person who will become president of the United States of America
Will this person and his oath influence his decisions on cryptocurrencies or not?
I believe that this is the main reason why cryptocurrencies are affected by the US elections
Will this character take decisions affecting cryptocurrencies or not, all of this affects cryptocurrencies

May be that's true but I don't think that crypto has the effect on the election or an election has the effect on crypto but the politician are hiding their BLACK money in the crypto to avoid being traced.

[pablomarwan 3082]

I encourage investment, but at a small rate. I want to be the cause of anyone's loss. Also, I do not want him to mourn the loss. The field is considered an adventure in some cases. You do not know what may happen tomorrow and what will happen in the next hour, because it moves according to several data. Before investing, study the risks and try to compensate for the loss every time.

[annayks 2314]

I show no effect on price, except perhaps that it boosted all markets no matter the empty threats from some people that were calling a huge dip if Biden won. I never thought something like that was possible and kept holding Bitcoin for all the time.

[percare 3192]

I think that the result of the american elections was a good one for bitcoin as it boosted the price and send Bitcoin to a new all time high. It can be that a lot of misinformation was around the elections in the crypto world. In fact it doesn't have to do with anything on the long term as cryptocurrencies will keep the adoption no matter who runs the white house.

[Shaza Ahmad 1682]

I think that politics manipulates the economy, this game is not easy, a lot can go bankrupt because of these games, because trading is considered a risk, especially using leverage. I think that the issue of the US elections had an immediate effect on the cryptocurrency market, but now the market is looking for news New to give a new response.

[Serbberq 724]

Politics is a game that influence many things in the world, US election have no impact in cryptoworld since they are not going to use bitcoin for their campaign that huge amount of bitcoin maybe bought to share during campaign. 

[Msh9 84]

The United States elections may affect the work of digital currencies somewhat, but if their work differs within the country after the elections, the new president may ban these currencies from him.

[cryptovlek 2597]

It wasn't Trump the reason Bitcoin had a great year in 2017 and it wasn't Biden the reson Bitcoin keeps rising this time. There are other reasons beyond who is the president of the USA, which by the way has been declining in geopolitics with failed interventions and many mistakes made.